Full text of U.S. Financial Data : August 22, 1996

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

Auj

v/

2,1996

mi
I I 1)1 K\l
^ KIM KM
XltANKol
s|. I ONS

: sft* Louf

HIGHLIGHTS:
✓ The currency component of the Ml money stock rose at a 5.6 percent
annual rate from the average of the four weeks ending Feb. 12 to
the average of the four weeks ending Aug. 12. Over the previous
six-month period, by contrast, currency rose at a 2.8 percent rate
(see page 5).
v' U.S. exports of goods and services totaled $69.7 billion in June, off
03 percent from May. Imports, on the other hand, fell 3.3 percent
to $77.8 billion. Measured from a year earlier, exports have risen
7.4 percent, while imports are up 3 percent.
✓ US. import prices fell at a 2.2 percent annual rate in July, the
third straight decline. Import prices have fallen 0.6 percent since
July 1995.
✓ Paced by a 5.7 percent drop in single-family starts, total privately
owned housing starts fell 13 percent in July to an annual rate of
1,455,000 units—the third consecutive drop. Starts have risen
0.3 percent from July 1995. Building permits, however, rose
2.6 percent in July and are up 6.9 percent from a year earlier.
✓ For the average of the four weeks ending Aug. 17, first-time claims
for unemployment insurance benefits totaled 314,000, down 24,500
from a year earlier.
All data are seasonally adjusted unless otherwise indicated.
U.S. Financial Data is published weekly by the Research 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 on data, please call (314) 444-8590. To request an order form, please call
(314) 444-8808 or (314) 444-8809. Sony, no refunds.
Information in this publication is also included in the Federal Reserve Economic Data (FRED) electronic
bulletin board at (314) 621-1824 or internet World Wide Web server at http://www.stls.firb.org/ffed.

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

2
Adjusted Monetary Base
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Billions
474.7
474.7
477.1
477.6
478.6
479.5

Aug

Sep

Oct

Apr

1995

May

Jun

1996

The adjusted monetary base is the sum of reserve accounts of financial institutions at Federal Reserve bonks,
currency in circulation (currency held by the public and in the vaults of oil depository institutions) and an
adjustment for reserve requirement ratio chonges. The major source of the odjusted monetary base is Federal
Reserve credit. Data ore computed by this bonk. A detailed description of the adjusted monetory base is
available from this bank.
Recent doto ore preliminary.

Adjusted Monetary Base
To the average of
two mointenonce
periods ending:

Compounded onnual rotes of change, average of two mointenonce periods ending:
8/16/95

11/8/95

1/17/96

2/14/96

3/13/96

4/10/96

5/8/96

1/17/96

1.5

2/14/96

0.8

3/13/96

1.2

1.4

4/10/96

1.8

2.3

2.3

5/8/96

0.9

0.9

0.1

1.2

6/19/96

1.6

1.8

1.6

2.7

2.4

7/17/96

2.1

2.4

2.5

3.6

3.5

2.7

6.4

8/14/96

2.3

2.7

2.8

3.7

3.7

3.1

6.0


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

6/19/96

0.7
0.3
5.1
0.0
0.8
6.2

Prepared by Federal Reserve Bank of St. Louis

Money Stock(M1) and Total Checkable Deposits
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

Jul

8

Aug

5

1160-

Billions of Dollars

Billions
1106.0
1102.6
1106.9
1111.1
1107.7
1099.4

Jul

8

Aug

5

Billions
715.2
712.5
715.7
719.0
706.7

(left scale)

TCD (right scale)

-720

S 19 3

15 29 12 26
Jul

Aug

Sep

Oct

Nov

Dec

Feb

Mor

Apr

May

Jun

Ml is the sum of currency held by the nonbonk public, demand deposits, other checkable deposits and travelers
checks. Totol checkable deposits is the sum of demand deposits ond other checkable deposits ot depository
institutions. Current data appear in the Federal Reserve Board's H.6 release.

Money Stock (M1)
_
To the overage
of four weeks
ending:

Compounded annual rates of change, overage of four weeks endinq:
,
,
8/14/95 11/13/95 1/15/96 2/12/96 3/11/96 4/15/96 5/13/96

1/15/96

-4.5

2/12/96

-4.9

-4.7

3/11/96

-3.5

-2.3

4/15/96

-2.5

-0.8

1.1

5.1

5/13/96

-3.1

-2.0

-1.1

0.9

6/10/96

-3.0

-2.0

-1.4

0.1

-1.7

-5.3

7/15/96

-3.3

-2.6

-2.3

-1.3

-2.9

-5.5

8/12/96

-3.4

-2.8

-2.6

-1.8

-3.2

-5.3


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

6/10/96

-0.9

-1.4

Prepared by Federol Reserve Bonk of St. Louis

3

4
Adjusted Reserves
Seasonally Adjusted
Billions of Dollars
Jun

5

Aug 14

7 21

5 19 2

Billions of Dollars

Billions
96.8
95.9
96.7
95.8
95.4
95.3

1 1 ' I
16 30 13 27 11 25 8 22 6 20 3 17 31 14 28 13 27 10 24 8 22 5 19 3 17 31 14 28
Aug
Sep
Oct
Nov
Oec
Feb
Mor
Apr
May
Jun

Adjusted reserves is the difference between the adjusted monetary base and the currency component of Ml.

Adjusted Reserves
Compounded annual rates of change, overoge of two maintenance periods ending:
To the overoge of
two maintenance
periods ending:

8/16/95

11/8/95

1/17/96

2/14/96

3/13/96

4/10/96

5/8/96

1/17/96

-6.5

2/14/96

-6.5

3/13/96

-4.9

-2.6

4/10/96

-3.5

-0.7

2.2

6.9

5/8/96

-6.3

-5.4

-6.2

-6.1

-11.4

6/19/96

-4.8

-3.4

-3.1

-2.4

-4.5

-9.2

7/17/96

-4.5

-3.2

-2.8

-2.2

-3.8

-7.0

2.7

8/14/96

-5.1

-4.1

-4.0

-3.7

-5.2

-8.0

-1.5


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

6/19/96

-4.8
-0.7

-6.6

Prepared by Federol Reserve Bonk of St. Louis

Money Multiplier
Averages of Daily Figures
Seasonally Adjusted

Ratio

Ratio

Compounded annual rates
of change, overage of
the four weeks ending
August 12, 1996, from
the four weeks ending:

- Aug 14
n

uv
Feb
Mar

u ,
12.
11.

Jun

17.

5 19 3

Jun

Aug 12

17 31 14 28 II 25 9 23 6 20 4
Sep

2.356
2.340

1995
1 996
1996
1996
1996

Aug

3

18

15 29 12 26 II 25 8 22 6 20 3

Oct

Apr

1995
Ratio of Ml to adjusted monetory base.

17

2.318
2.302

15 29 12 26

May

1996

Currency Component of M1
Billions of Dollars

Averages of Doily Figures
Seasonally Adjusted

Billions of Dollars

Compounded annual rates
of change, average of
the four weeks ending
August 12. 1996. from
the four weeks ending:
Aug
1 4. 1 995
4 .
Nov
13. 1995
4.
Feb
12. 1996
5.
Mar
11. 1996
6.
Apr *~
"
1996
Mo y
1996
Jun

Billions '

Apr
1995
Current doto appear in the Federal Reserve Board's H.6 release.


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

May

Jul

8

Aug

5

382.2
381.5
382.7
383.6
384.2
384.3

Jun

1996
Prepared by Federal Reserve Bonk of St. Louis

5

-2.

6
Yields on Selected Securities
Averages of Daily Figures
Percent

Percent

Prime Rate

Corporate
Aaa Bonds

Commercial
Paper

Municipal Bonds

2

16 30 14 28

1996
Moy 31
Jun
7
14
21
28
Jul
5
12
19
26
Aug
2
9
16
23

8 22 6 20 3 17

15 29 12 26 9 23 8 22 5

19 3 17 31 14 28 12 26 9 23
Apr
Moy

30-Day
Commercial
Paper

90-Day
COs

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

5.38
5.42
5.43
5.46
5.50
5.49
5.45
5.44
5.40
5.43
5.39
5.39
5.37

5.36
5.42
5.48
5.47
5.49
5.49
5.57
5.54
5.51
5.52
5.41
5.39
5.37

5.30
5.34
5.40
5.39
5.40
5.43
5.47
5.45
5.44
5.44
5.33
5.31
5.29

7.61
7.67
7.78
7.74
7.66
7.62
7.73
7.61
7.62
7.55
7.35
7.39
7.43

8.27
8.34
8.47
8.44
8.36
8.32
8.42
8.32
8.34
8.27
8.08
8.11
8.14

Municipal
Bonds ••
5.94
5.94
6.12
6.06
5.97
5.94
6.00
5.88
5.86
5.79
5.67
5.74
NA

Current data are from the Federal Reserve Board's H.15 release, ond ore overoges of rotes available for the
week ending on August 23, 1996 .
•• Bond Buyer's Average Index of 20 municipal bonds, Thursday data
NA - Not Available
_
_
,_
_ , ,
,
.
Prepored by Federal Reserve Bonk of St. Louis


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

Selected Interest Rates
Averoges of Doily Figures
Percent

Percent

10-Yeor
Treasury Securities
-6.0

Federal
Funds Rate
Discount Rote

5.0-

3-Month
Treasury Bill

2

16 30 14 28 11 25 8 22 6 20 3 17

1996
Moy 31
Jun
7
14
21
28
Jul
5
12
19
26
Aug
2
9
16
23 •

Federal
Funds ••
5.19
5.33
5.24
5.45
5.21
5.53
5.26
5.23
5.25
5.53
5.38
5.10
5.18

15 29

2 26 9 23

5

19 3 17 31 14 28 12 26 9 23
Apr
May
Jun

3-Month
Treasury
Bill

1 -Year
Treasury
Bill

5-Year
Treasury
Securities

10-Year
Treasury
Securities

Long-Term
Treasury
Securities

5.04
5.09
5.11
5.09
5.09
5.13
5.15
5.13
5.16
5.15
5.03
5.03
5.03

5.39
5.46
5.52
5.48
5.47
5.49
5.57
5.47
5.53
5.48
5.30
5.30
5.33

6.55
6.63
6.77
6.73
6.63
6.60
6.72
6.59
6.62
6.52
6.28
6.31
6.34

6.77
6.85
6.99
6.95
6.86
6.85
6.95
6.81
6.85
6.76
6.54
6.56
6.60

7.02
7.08
7.23
7.18
7.08
7.04
7.16
7.04
7.05
6.96
6.77
6.80
6.85

Except for long-term Treasury securities, which ore computed by this Bonk, current doto appear in the Federal
Reserve Boord's H.15 release.
• Averoges of rotes avoiloble
•• Seven-doy averoges for week ending two days eorlier than dote shown
Prepored by Federal Reserve Bonk 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 Dollors

Jul

8

Aug

5

3750-

Billions of Dollars

Billions
J753.9
3747.5
3753.8.......
3756.1
3765.3
3764.8

M2 (left scale)

Non-M1 M2 (right scale)
Non-M1 M2
Billions
2647.9
2644.9
2646.9
2645.0
Aug 5
2657.6
2665.4

Jul

Aug

Sep

Oct

Nov

Dec

Feb

Mor

Apr

May

Jun

Jul

Aug

M2 is the sum of Ml, sovings (including money market deposit accounts), smoll time deposits and retail money
funds. Current data appear in the Federol Reserve Board’s H.6 release.

Money Stock (M2)
,
To the average
of four weeks
ending:

Compounded annual rotes of change, overoqe of four weeks ending:
,
,
’
*
*
8/14/95 11/13/95 1/15/96 2/12/96 3/11/96 4/15/96 5/13/96

1/15/96

4.7

2/12/96

4.2

4.8

3/11/96

5.2

6.4

6.7

4/15/96

5.5

6.6

6.9

9.3

5/13/96

4.7

5.1

4.6

5.5

2.7

6/10/96

4.5

4.8

4.2

4.8

2.7

7/15/96

4.4

4.6

4.0

4.5

2.9

1.3

8/12/96

4.3

4.5

4.0

4.4

3.1

1.9


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

6/10/96

-0.1

Prepared by Federal Reserve Bonk of St. Louis

Savings and Small Time Deposits
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Sovings
1996

Aug

5

1055

Small Time

Billions
1218.2
1215.6
1212.8
1210.9
1221.8
1225.4

1996

Aug

5

Billions
928.9
929.5
930.2
931.1
932.1
933.3

1015

975

Small Time (right scale)
935

895

855

Savings Deposits (left scale)
815

5

19 3

17 31 14 78 11 25 9 73 6 20 4
Sep

18 I

15 29 17 26 11 25 8 22 6 20 3 17 1

Oct

Apr

May

15 29 12 26

775

Jun

1996
Savings deposits and small time deposits ore ot all depository institutions.

Large Time Deposits and Retail Money Funds
Averages of Daily Figures
Billions of Dollars
Lorge Time
1996
Jul

Aug

5

seasonally Adjusted

Billions of Dollars
Retail Money
796
Billions

Billions
448.9
452.2
455.1
452.8
452.6
455.1

Aug

5

503.9
503.1
506.7

Retail Money

... 450

Lorge Time

May

Jun

1995
1996
Lorge time deposits ond retail money funds ore ot all despository institutions. Large time deposits ore those
issued in denominations of Si00,000 or more. Retail money funds were originally colled general purpose
and broker/dealer money market funds.
Prepared by Federol Reserve Bonk of St. Louis


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

9

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars
Jul

17

Aug

7

7 21

Billions of Dollars

Billions
0.288
0.JI5
0.569
0.305
0.306
0.325

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 3 17 31 14 28
Aug
Sep
Oct
Apr
May
Jun

1995
Borrowings include seasonal, adjustment ond extended credit.

1996

Bank Loans and Credit

All Commercial Banks in the United States1^
3780

2860

Bonk Credit
1996
3
3720 . Jul 10
17
24
.
31
3660 Aug 7

Billions
3667.8
3669.2
3677.4
3675.5
3664.7
3670.6

— 2800

Bon k Creclit

(lef t seal*02/ ,
2740

3600

2680

3540

2620
Loan
1996
Jul
3
10
17
24
31
Aug
7

s (righ t scol e)

V

i

3o

Loan s and
3420

3360

7 21
Jun

r ' i ' ' 1 ' 1
■ 1 ■ 1
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
Jul
Aug
Sep
Oct
Nov
Dec
Jon
Feb
Mar
Apr
May Jun

1995
Current data appear in the Federal Reserve Board's H.8 release.
1/ Includes foreign-related institutions
2/ Includes loans and leases ond securities


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

2560
Billions
2692.8
2691.5
2698.2. 2500
2700.2
2697.7
2696.3

3 17 31 14 28
Jul
Aug

1996

Prepared by Federal Reserve Bonk of St. Louis

2440

Commercial Paper of Nonfinancial Companies
Not Seasonally Adjusted

Billions of Dollars

Billions of Dollars

220

Billions

Aug

7

196.964
199.933
197.350
196.430
198.200
197.455
200

180

160
\
1995

1996

Commercial and Industrial Loans
Seasonally Adjusted
Billions of Dollars

740-

742.6
720-

Billions of Dollars

All Banks
Billions
740.2

Aug

7

420

400
All Banks (left scole)*/

742.5
740.8

380

360
Large Banks (right scole)2/
680-

Large Banks
..... - 340
>96
Billions
il
3
361.9
10
360.0
17
361.5
24
361.5 ........ ' 320
31
360.9
Aug 7"
360.0
300

1996
Current data appear in the Federal Reserve Board's H.8 release.
1/ Includes foreign-related institutions
2/ Weekly reporting, domestically chartered bonks


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

Prepared by Federal Reserve Bank of St. Louis

Dollar's Trade-Weighted Exchange Index
1973=100

Averoges of Doily Figures

1973=100
Jri 17

7 21

3 19 2 16 30 13 27 11 25 8 22
Sep
Oct

20 3 17 31 14 28 13 27 10 24 8 22 5

19 3 17 31 14 28

Current data appear in the Federal Reserve Board's H.10 release. Data ore weighted averages of the foreign-currency
price of the U.S. dollar, computed using 10 industrial country currencies.


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

Prepared by Federal Reserve Bonk of St. Louis

9os

m

M

03