Full text of U.S. Financial Data : August 17, 1995

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

EAFtCH LISRARY

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V3 Bannk

.FEDERAL
a reserm:
>5 ItWkot.
JZT ST. 14 Ills

THE WEEK'S HIGHLIGHTS:
✓ The trade deficitfor goods and services measured $11.3 billion in
June, compared with a deficit of $11 billion in May. Through the
first half of1995, the trade deficit measured $63.8 billion; the
deficit totaled $49.9 billion on a year-to-date basis last year.
✓ Privately owned housing starts were at an annual rate of
1,380,000 units in July, 6.7 percent above the upwardly revised
June rate, and the fourth consecutive increase.
✓ Industrial production rose at a 2 percent annual rate in July,
the first increase in five months. Production was boosted by
an unusually large increase in utility output. Manufacturing
output, however, declined at a 2.9 percent rate, its fourth straight
monthly decline.
✓ The consumer price index for all urban consumers (CPI-U) rose at
a 2.4 percent rate in July, following a 1.6 percent rate of increase
in June. Energy prices fell at a 9.7 percent rate in July, the first
decline since March.
✓ Total retail sales declined at a 1.3 percent rate in July. Sales
have advanced at a 7.4 percent rate since April, after falling at a
0.6 percent rate over the previous three months. Retail sales are
not adjusted for inflation.
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 fibr 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.

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Federal Reserve Bank of St. Louis

2
Adjusted Monetary Base
Averages or Daily Mgures
Seasonally Adjusted

Billions of Dollars

1995

Billions of Dollars

Billions

21

+66.7

1994
Latest data plotted reserve maintenance period ending: August 16, 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 c
jidj»ustment for reserve-• requirement ratio
ratfo.changes.
source of the adjuste'd
adjusted
monetary _____
Base is ..
Federal
change The
.
..major
.Jjor sourc_________
_____________
.-------------are
computed by this bank. A detailed description of the adjusted monetary base is
avdfabJeCfrom'this
be
rom this bank.
Recent data are preliminary.

Adjusted Monetary Base
To the average of
two maintenance
periods ending:
1/18/95
2/15/95
3/15/95
4/12/95
5/10/95
6/21/95
7/19/95
B/16/95

Compounded annual rates of change, average of two maintenance periods ending:
8/17/9+ 11/9/9+ 1/18/95 2/15/95 3/15/95 4/12/95 5/10/95 6/21/95

5.6
6.1
6.0
5.8
6.1
5.4
4.7
4.5


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

6.8
6.4
6.0
6.+
5.4
4.4
4.2

7.0
6.0
6.7
5.2
3.8
3.6

+.6
6.0
4.4
2.9
2.8

6.3
+.2
2.5
2.4

+.2
2.0
2.1

-0.6
0.2

-0.6

Prepared by Federal Reserve Bank of St. Louis

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

Billions of Dollars

1190

~I

I

1995
Jul

1170

Billions of Dollars

3
10
17
24
31
Aug 7

845

^ TCD ^
1995

Billions

Jul

Billions

3
10
17
24
51
Aug 7

1142.9
1144.1
1141.0
11 42.4
11 49.7
11 44.2

767.3
768.8
765.4
76 3.5
77 2.9
76 7.7

825

M1 (left sc :ale)
A
/

mo

V

/

J

\

*

\

805

«
\

*

mo

■\

785
v■

T 7D (rig it scale )

'J
\

\

765

745
6 20
Jun

4 18 1 15 28 12 26

10 24 7 21

Jul

Oct

Aug

Sep

Nov

5 19 2 16 30 13 27 13 27 10 24 I 22 5 IS 3 17 31 14 28
Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

1995

1994
Latest data plotted week ending: August 7, 1995

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:
1/9/95
2/6/95
3/6/95
4/10/95
5/8/95
6/5/95
7/10/95
8/7/95

Compounded annual rates of change, average of four weeks ending:
8/8/94 11/7/94
1/9/95
2/6/95
3/6/95 4/10/95 5/8/95
6/5/95

-1.1
-0.6
-1.0
-0.5
-0.5
-1.0
—O.B
-0.7


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

0.8
-0.2
0.3
0.2
-0.7
-0.4
-0.4

-0.5
0.6
0.2
-1.0
-0.6
-0.5

-0.4
-0.5
-1.8
-1.1
-0.9

0.9
-1.3
-0.6
-0.5

-3.4
-1.7
-1.2

-2.0

-1.4

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves
Billions of Dollars

Seasonally Adjusted

Billions of Dollars

114
1995

Billions

May 24 100.8
-Jun 7 100.5

110

19 100.3
Aug 2 99.4

106

102

98

94

I I5 29 11 27 10 24 7 21 5 19 2 16 30 14 28 11 25 8 22
Jul

Aug

Sep

Oct

Nov

Dec

Jan

22 5 19 3 17 31 14 28 12 26 9 23

Feb

Mar

1994

Apr

May

Jun

Jul

Aug

1995

Latest data plotted two weeks ending: August 2, 1995
Adjusted reserves is the difference between adjusted monetary base and currency component of Ml.

Adjusted Reserves
To the average of
two maintenance
periods ending:
1/4/95
2/1/95
3/1/95
3/29/95
4/26/95
6/7/95
7/5/95
8/2/95

Compounded annual rates of change, average of two maintenance periods ending:
8/3/94 10/26/94 1/4/95
2/1/95
3/1/95
3/29/95 4/26/95 6/7/95

-4.3
-2.5
0.3
-3.0
-3.4
-2.7
-4.0
-3.1


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

-4.6
0.6
-4.5
-5.0
-3.8
-5.3
-4.0

14.3
-0.4
-2.2
-1.2
-3.7
-2.2

-4.4
-5.4
-3.1
-5.7
-3.7

-16.4
-9.0
-10.8
-7.6

-2.0
-6.5
-3.4

-6.1
-2.2

-5.1

Prepared by Federal Reserve Bank of St. Louis

90

Money Multiplier 1/
Averages of Daily Figures
Seasonally Adjusted
Compounaed annual
rates of change,
average of the four
weeks ending
July 31, 1995 from
the four weeks ending:
Aug 1, 1994 -5.1
Nov 7, 1994 -4.5
Feb 13, 1995 -3.6
Mar 13, 1995 -3.0
Apr 10, 1995 -3.0
May 8, 1995 -2.3
Jun 5. 1995 4.1

May 22

2.436
2.438
2.453

6 20 4 IB 1 15 29 12 26 10 24 7 21 5 19 2 16 30 13 27 13 27 10 24 8 22 5 19 3 17 31 14 2B
Sep
Nov
Dec
Jan
1994
Latest data plotted two weeks ending: July 31, 1995
Jun

Jul

Aug

Feb

Mar

Apr
May
1995

Jun

Jul

Aug

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 7, 1995 from
the four weeks ending:
Aug 8, 1994 6.9
Nov 7, 1994 6.3
Feb 6, 1995 4.9
Mar 6, 1995 5.7
Apr 10, 1995 2.9
May 8, 1995 0.9
Jun 5, 1995 -1.6

1995
Jul

3

Aug 7

6 20 4 1B 1 15 20 12 26 10 24 7 21 5 10
Jun

Jul

Aug

Sep
1994

Oct

Nov

Dec

16 30 13 27 13 27 10 24
Jan

Feb

Mar

Billions
366.6
366.3
366.7
367.1
367.9
367.7

22 5 10

Apr
May
1995

Jun

Jul

Aug

Latest data plotted week ending: August 7, 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

6
Yields on Selected Securities

Percent

Percent

Averages of Daily Figures

Corporate

3 17
Jun

I

15 21 12 26 9 23 7 21 4 11 2 IS 30 13 27
Jul

Aug

Sep

Oct Nov

Dec

Jan

10 24 10 24 7 21 5 IS 2 16 30 14 21 11 25
Feb

Mar

Apr

1994

May

Jun

Jul

Aug

1995

Latest data plotted are averages of rates available for the week ending: August 18, 1995

1995

30-Day
Commercial
Paper

90-Day
CDs

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **

May 26
Jun 2
9
16
23
30
Jul 7
14
21
28
Aug 4
11
18 *

6.05
6.04
6.01
6.05
6.07
6.09
6.01
5.82
5.82
5.84
5.85
5.84
5.87

6.00
5.91
5.88
5.93
5.91
5.91
5.85
5.73
5.75
5.77
5.75
5.75
5.80

5.89
5.82
5.79
5.83
5.81
5.79
5.70
5.62
5.66
5.66
5.65
5.66
5.71

7.51
7.33
7.28
7.37
7.27
7.31
7.29
7.26
7.48
7.56
7.57
7.59
7.66

8.07
7.91
7.87
7.97
7.87
7.91
7.90
7.88
8.13
8.19
8.19
8.22
8.29

5.83
5.79
5.75
5.86
5.82
5.97
5.91
5.81
5.99
5.97
6.03
6.07
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

3—Month
Discount Rats

3 17 1 15 29 12 28 9 23 7 21 4 II 2 18 30 13 27 10 24 10 24 7 21 5 19
Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

1994

Apr

May

Jun

Jul

Aug

1995

Latest data plotted are averages of rates available for the week ending: August 18, 1995

1995
May 26
Jun 2
9
16
23
30
Jul 7
14
21
28
Aug 4
11
18 *

Federal
Funds **
5.99
6.02
6.03
6.02
6.00
5.95
6.21
5.81
5.72
5.75
5.83
5.73
5.74

3-Month
Treasury
Bill

1 —Year
Treasury
Bill

5—Year
Treasury
Securities

10-Year
Treasury
Securities

Long-Term
Treasury
Securities

5.69
5.55
5.56
5.48
5.42
5.43
5.43
5.39
5.43
5.44
5.42
5.40
5.44

5.59
5.38
5.37
5.35
5.29
5.33
5.23
5.17
5.31
5.39
5.36
5.39
5.50

6.2B
5.98
5.96
5.96
5.86
5.95
5.85
5.81
6.11
6.21
6.19
6.24
6.35

6.49
6.23
6.20
6.21
6.10
6.17
6.12
6.09
6.37
6.46
6.48
6.50
6.57

6.81
6.59
6.55
6.59
6.49
6.53
6.51
6.47
6.75
6.81
6.83
6.87
6.88

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


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

Prepared by 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

1995
Jul 3
10
17
24
31
Aug 7
“

Billions of Dollars

Billions
3702.9
3708.1­
3708.3
3718.3
3723.1
3731.9

M2 (left scale)
Non-M1 M2
1995 Billions
Jul

M2 (right scale)
5 20 4 18 1 15 29 12 25 10 24 7 21 5 19
Aug

Sep

Oct

Nov

Aug

10 24 8 22

IS 30 13 27

2564.0
2567.3
2575.9
2573.4
7 2587.7

17 31 14 21

Apr
May
1995

Dec

3

10

Jul

Aug

Latest data plotted week ending: August 7, 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 the average

Compounded annual rates of change, average of four weeks ending:
4/10/95 5/8/95
6/5/95
11/7/94
1/9/95
2/6/95
3/6/95
8/8/94

ending:
1/9/95
2/6/95
3/6/95
4/10/95
5/8/95
6/5/95
7/10/95
8/7/95

0.2
0.6
0.1
0.8
1.0
1.7
2.6
2.9


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

2.2
1.1
2.0
2.1
2.9
4.0
4.2

0.1
2.0
2.2
3.3
4.7
4.9

1.6
2.0
3.4
5.0
5.2

4.1
5.3
6.8
6.7

5.4
7.4
7.1

9.5
8.5

8.7

Prepared by Federal Reserve Bank of St. Louis

Savings and Small Time Deposits
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars
340 ------- 1---------Savin 3S
1995 Bi lions
“Jul 3 10 88.3
10 10 90.5
17 10 91.9
24 10 92.2
Auf

Billions of Dollars
1035
1
Sm all Time
199 5 Bijlipns
993
Jul 3 918.8
0 920.3
7 921.9
24 922.3
Aug

7 10 96.6

7

92 3.0

» -»»

933
915

*■

Savin; s Depo sits (le t scale >

✓

✓

✓

✓

B75

✓

835
Sm all Tlm<

(right scale)

795

«»*

I 20
Jun

i ■ r~^
» i ' r r i i i 1 1 1 l~r

I II 1 IS 2! 12 21 II 21 7 21 S 19
Jul

Aug

Sep

Oct

Nov

1994

Dec

' 1 ' 1 1 1 ' 1

l ' l'

1

'

1

rTTTT1 1 ■ i~r~ 1 l »

755

2 II JO 1J 27 11 27 10 21 I 22 S 19 1 17 31 H 21
Jan

Feb

Mar

.

Apr

May

Jun

Jul

Aug

1995

Note: Savings deposits are at all depository institutions.

Large Time Deposits and Money Market Funds 1/
All Depository institutions
Averages of Daily Figures, Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Money Market

Large Time

1995

1995 Billions
- Jul 3 388.5 ‘
10 393.2
17 400.2
24 402.6
31 405.9 ■
Aug 7 407.8

Jul

3
10
17
24
31
Aug 7

Billions

436.4
437.3
439.5
445.1
446.4 —
451.1

Market

i 20 4 18 1 15 29 12 26 10 24 7 21 5 19 2 16 30 13 27 13 27 10 24 I 22 5 19 3 17 31 14 20
Aug

Sep

Oct

Nov

Feb

Dec

Mar

Apr

May

Jun

Jul

Aug

1994
Latest data plotted week ending: August 7, 1995
1 / Large time deposits are those issued in denominations of $100,000 or more.
Money market funds are general purpose and broker/dealer.
Prepared by Federal Reserve Bank of St. Louis


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

9

10
Total Borrowings
From rederci Keserve banks
Averages of Daily Figures

Billions of Dollars

1995

Billions of Dollars

Billions
0.220

0.245
0.710
0.242
0.257

Aug 2

Jun

Jul

Aug

_

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

1994

May

Jun

Jul

Aug

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.
All Commercial Banks in the United States
Seasonally Adjusted

Billions of Dollars
Bank
1995
Jun 28
Jul 5
12
19
26
Aug 2

Billions of Dollars

Credit
Billions
3490.4
3489.7
3500.1
3502.5
3504.53504.5

Bank Credit (left scale)

Loans and Leases (right scale)

Jun

Jui

Aug

Sep

Oct

Nov

Loans&Leases
. 1995 Billions__
Jun 28 2521.1
Jul 5 2522.9
12 2533.6
.
19 2538.3__
26 2543.3
Aug 2 2546.2

D«

1994

Latest Wednesday data plotted : August 2. 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

Prepared by Federal Reserve Bank of St. Louis

Commercial Paper of Nonflnandal Companies

Billions of Dollars

1995

Billions of Dollars

Not Seasonally Adjusted
Billions

Jul

5 181.872

Aug

182.609
183.243
2 183.964
182.265

Jul

Aug

Latest data plotted

Sep

1nna
1994

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

~*

Jun

Jul

Aug

ending: August 9, 1995

Commercial and Industrial Loans

Billions of Dollars

Seasonally Adjusted

Billions of Dollars

All Banks
1995 Billions
— Jun 28
Jul 5 694.0
12

Aug

2

693.6
693.8
698.8

(right scale)

835 ■«—-

. Large Banks__
1995 Billions
Jun 28 342.6
Jul 5 344.8
12 344.5
19 344.4 —
26 344.1
Aug 2 346.4

Jun

Jul

Aug

Sep

Oct

Nov

Dec

1994

Latest Wednesday data plotted : August 2. 1995
Current data appear in the Federal Reserve Board'i
1/ Includes foreign—related institutions
2/ Weekly reporting, domestically chartered bonks


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

11

Prepared by Federal Reserve Bank of St. Louis

Dollar's Trade-Weighted Exchange Index
1973=100

1973=100

Averages of Daily Figures

199S 1973=100
Jut 12

Aug 2

1 15 29 13 27 10 24 7 21 5 19 2 15 30 14 20 11 25 0 22 8 22 5 19 3 17 31 14 20 12 25 9 13
Jun

Jul

Aug

Sep
1994

Oct

Nov

Dec

Jan

Feb

Mar

Apr May
1995

Jun

Jul

Aug

Latest data plotted week ending: August 16, 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

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