Full text of U.S. Financial Data : August 24, 1995

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

4,1995

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THE WEEK’S HIGHLIGHTS:
✓ Advance new orders for manufactured durable goods decreased
in July by 1.7 percent, or $2.7 billion, the fifth decline in the last
six months. New orders for industrial machinery and transportation
equipment posted the largest declines, falling 4.8 percent and
7.7 percent, respectively. Data for new orders are not adjusted for
inflation.

✓ The Ml money stock declined at a 0.6 percent annual rate from the
average of the four weeks ending on February 13 to the average of
the four weeks ending on August 14. Over the previous six-month
period, Ml fell at a 0.7 percent rate (see page 3).

✓ The dollar’s trade-weighted exchange rate index measured 86.1 per­
cent of its 1973 value for the week ending August 23, the highest
reading since the week ending February 22. The value of the dollar
has risen 5.2 percent since the week ending July 26, after exhibiting
little change over the previous four months (see back page).
The yield on 10-year Treasury securities averaged 6.57 percentfor the
week ending August 25, up 48 basis points from six weeks ago, but
down 129 basis points since the beginning of the year (see page 7).

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 for 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.


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

2
Adjusted Monetary Base
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

1995
Jun

7

_ Jul

5

Billions of Dollars

Billions

Aug 2

466.7
466.8
467.0
468.7

6 ZD 3 17 31 14 28 12 26 9 23 7 21 4 II 1 15 1 15 2! 12 26 10 24 7 21 5 1! 2 16 30 13 27
Jul

Aug

Sep
Oct
Nov
Dec
Jan
Feb Mar
Apr
May
Jun
Jul
Aug
Sep
1994
1995
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)
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
T I,

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

I o tne average or
two maintenance
periods ending:
1/1B/95
2/15/95
3/15/95
4/12/95
5/10/95
6/21/95
7/19/95
8/16/95

8/17/94

n/9/94

1/18/95

2/15/95

3/15/95

4/12/95

5/10/95

6/21/95

5.6
6.1
6.0

6.8

5.8

6.0

6.0

4.6

6.1

6.4
5.4
4.4
4.4

6.7
5.2
3.8
3.8

6.0

5.4
4.7
4.6


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

6.4

7.0

4.4
2.9
3.1

6.3
4.2
2.5
2.7

4.2
2.0

2.4

Prepared by Federal Reserve Bank of St. Louis

Money Stock (Ml) and Total Checkable Deposits
Billions of Dollars

1190

I

1170

Billions of Dollars
045

I

1995
_

Averages of Daily Figures

1TCD 1

M1
Billions

1995 Billions
Jul 10 768.8
17 765.4

Jul 10 1144.1
17 1141.0
24 1142.4
*9.6
Aug 7 11 44.4
14 11 42.9

1

4

I

\

*»•

'—1

N.

Ln

mo

N

IS 29 12 26 10 24 7 21 5 19
Aug
Sep
Oct
Nov Dec
1994

005

Wv

785

/ V
'n.
/
>

TCE (right scale)

m
Jul

025

M1 (left s :ale)

mo

1090

772 .9
767 .8
76E .9

Aug 7

\

r'" 's!

\

\

705

T' 1 J r 1 i 1 i 1 i i
"r 1 ' 1
16 30 13 27 13 27 10 24 1 22 5 19 3 17 3 ”r14T ' 21I 1 11 ' 25 745
Jan
Feb Mar
Apr
May
Jun
Jul
Aug
Sep
1995

Latest data plotted week ending: August 14, 1995
Current data appear in the Federal Reserve Board's H.6 release.
checkshe SUm °f currency held bylhe "“"bonk public, demand deposits, other checkable deposits and travelers
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 endinaof four weeks
ending:
1/16/95
2/13/95
3/13/95
4/17/95
5/15/95
6/12/95
7/17/95
8/14/95

0/10/34 11/14/94 1/16/95

-0.8
-0.7
-0.9
-0.5
-0.7
-1.0
-0.9
-0.7


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

2/13/95

3/13/95

4/17/95

5/15/95

6/12/95

0.7
0.1

-1.1

0.5

0.1

0.2

0.0

-0.5
-1.2
-0.9
-0.6

-0.7
-1.4
-1.1
-0.6

-0.5
-0.4
-0.2

0.0
-1.2
-0.9
-0.4

-1.9
-1.1

-0.6

0.9

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves
Billions of Dollars

1995
Jun
Jul
Aug

Seasonally Adjusted

Billions of Dollars

Billions

7 100.5
5
19
2

100.3
100.7

Aug

Sep
Oct
1994

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

1995

Latest data plotted two weeks ending: August 16, 1995
Adjusted reserves is the difference between adjusted monetary base and currency component of Ml.

Adjusted Reserves
Compounded annual rates of change, average of two maintenance periods ending:
To the average of 8/17/94 11/9/94 1/18/95 2/15/95 3/15/95 4/12/95 5/10/95 6/21/95
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
8/16/95

-2.5
-2.3
-0.5
-4.6
-3.6
-3.8
-3.6
-3.0


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

0.4
2.9
-4.1
-2.7
-3.2
-3.0
-2.3

5.2
-8.2
-5.0
-5.0
-4.5
-3.4

-11.5
-6.2
-5.8
-5.0
-3.7

-14.2
-10.4
-8.5
-6.3

-1.0
-1.1
0.0

-3.6
-1.5

1.3

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier1/
Averages of Daily Figures
Seasonally Adjusted

Ratio
Compounded annual
rates of change,
average of the four
weeks ending
August 14, 1995 from
the four weeks ending:
Aug 15, 1994 -5.0
Nov 7, 1994 -4.4
Feb 13. 1995 -3.6
Mar 13, 1995 -3.0
Apr 10, 1995 -3.0
May 8, 1995 -2.4
Jun 19. 1995 1.6

Jul

Aug

Sep Oct
1994

Ratio
Jun

5

Jul

3

Aug 1 4

Nov

Dec

Jan

F

Jul

2.438
2.453
2.453
2.448
2.455
2.440

Aug

Sep

1995

Latest data plotted two weeks ending: August 14, 1995

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 14, 1995 from
the four weeks ending:
Aug 15. 1994 6.9
Nov 14, 1994 6.2
Feb 13, 1995 5.0
Mar 13. 1995 5.3
Apr 17. 1995 2.8
May 15, 1995 0.4
Jun 12. 1995 -0.5

1995
Jul 10
17
24
31
Aug 7
14

Billions
366.3
366.7
367.1 —
367.9
367.8
368.2

1994
Latest data plotted week ending: August 14, 1995
1/ Ratio of Ml 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

Loan Rata

-Municipal Bondr

1

15 28 12 28 9 23 7 21 4 18
Jul
Aug Sep Oct Nov
1994

2 16 30 13 27
Dec
Jan

10 24 10 24 7 21 5 19 2 16 30 14 28 11 25 8 22
Feb Mar Apr May Jun
Jul
Aug Sep
1995

Latest data plotted are averages of rates available for the week ending: August 25, 1995

1995
Jun

2
9
16
23
30
Jul 7
14
21

Aug

28
4
11

18
25 *

30-Day
Commercial
Paper
6.04
6.01

6.05
6.07
6.09
6.01

5.82
5.82
5.84
5.85
5.84
5.87
5.84

90-Day
CDs

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds ***
+

5.91
5.88
5.93
5.91
5.91
5.85
5.73
5.75
5.77
5.75
5.75
5.80
5.78

5.82
5.79
5.83
5.81
5.79
5.70
5.62
5.66
5.66
5.65
5.66
5.70
5.69

7.33
7.28
7.37
7.27
7.31
7.29
7.26
7.48
7.56
7.57
7.59
7.64
7.61

7.91
7.87
7.97
7.87
7.91
7.90
7.88
8.13
8.19
8.19

5.79
5.75
5.86
5.82
5.97
5.91
5.81
5.99
5.97
6.03
6.07

8.22

8.26
8.23

6.12

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

9.0

9.0

8.0
/

s. — — *v

s\

**

X

10—Yei IT
Trea» iry Sec jritfee

\t

/N

\

v — 's,

7.0

\

\

Fedi ral
Funds Rate

v

/

'V A'

6.0
✓ ‘ 7s w
/ AX f
/
A

5.0

.

f

3- Month"
Trec wry BUI

•

^
■x

V

s. .

Diecount 1 ate

4

tr
**

4.0

3.0

*■ rrr 1 i ' i "T ' 1 ~r

Jul

Aug

Sep

3.0
Oct

Nov

Dec

Jan

Feb

Mar

Apr

May
1995

Jun

1994
Latest data plotted are averages of rates available for the week ending: August 25. 1995

1995
Jun

2
9
16
23
30
Jul 7
14
21

Aug

28
4
11

18
25 *

Federal
Funds **
6.02

6.03
6.02
6.00

5.95
6.21

5.81
5.72
5.75
5.83
5.73
5.74
5.70

3-Month
Treasury
Bill

1 -Year
Treasury
Bill

5-Year
Treasury
Securities

5.55
5.56
5.48
5.42
5.43
5.43
5.39
5.43
5.44
5.42
5.40
5.44
5.45

5.38
5.37
5.35
5.29
5.33
5.23
5.17
5.31
5.39
5.36
5.39
5.52
5.52

5.98
5.96
5.96
5.86
5.95
5.85
5.81
6.11
6.21

6.19
6.24
6.36
6.34

Jul

Aug

Sep

10-Year
Treasury

Long-Term
Treasury

6.23

6.59
6.55
6.59
6.49

6.20
6.21
6.10

6.17
6.12

6.09
6.37
6.46
6.48
6.50
6.57
6.57

6.51
6.47
6.75
6.83
6.87
6.76

* 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

Billions of Dollars

M2
Billions

Jul 10
17
24
31
Aug 7
14

3708.1
3708.4­
3718.5
3723.3
3732.1
3735.5

M2 (left scale)

Non-M1 M2
1995 Billions
Jul 10
17
24
31
Aug 7
14

Non-M1 M2 (right scale)

4

18 1

2564.0
2567.4
2576.1
2573.7
2587.7
2592.6

31 14 2B

15 29 12 21 10 24 7 21 5 19 2 19 30 13 27 13 27
Feb Mar
Aug
Sep
Oct
Nov Dec
Jan
1994

Latest data plotted week ending: August 14, 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 bonks, 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 8/15/94 11/14/94 1/16/95 2/13/95 3/13/95 4/17/95 5/15/95 6/12/95
ending:
1/16/95
2/13/95
3/13/95
4/17/95
5/15/95
5/12/95
7/17/95
8/14/95

0.4
0.5
0.2

2.3
1.3

0.9

2.1

1.6

1.2
2.0
2.6

2.5
3.4
4.1
4.5

2.3
3.6
4.5
5.0

3.0


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

-0.4
1.9
2.7
4.3
5.2
5.6

4.8
6.2
6.8

7.0

7.0
7.6
7.7

8.9
8.6

8.3

Prepared by Federal Reserve Bank of St. Louis

Savings and Small Time Deposits
Averages or Daily figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Savings
1995
~Jul 10
17
24
31
—Aug 7
,14

Small Time

Billions
1090.5'
1091.9
1092.2
1091.5
1096.3­
1098.1

1995

Billions

Jul 10
17
24
31
Aug 7
14

920.3
922.1
922.4
922.9
923.3 —
923.6

Saving* Deposits (left scale)
.Small Tim* (right scale)

Jul

Aug

Sep
Oct
1994

Nov

Dec

Jan

F<

Note: Savings deposits are at all depository institutions.

Large Time Deposits and Money Market Funds1 /
Billions of Dollars
Averages ot uany figures. Seasonally Adjusted

Large
1995
_ Jul 10
17
24
31
Aug 7
_
14

I

II

I

Time
Billions
393.2 .
400.2
403.0
406.3
407.8
400.1

15 11 11 II 10 1* 1 II 5

Billions of Dollars
Money Market
1995 Billions
Jul 10
17
24
31
Aug 7
14

1! 1 11 II 1) 21 15 21 11 21 I 22 5 II 3

437.3 __
439.5
445.1
446.4
451.1
453.6

II 51 11 28

1994
Latest data plotted week ending: August 14. 1995
1/ Large time deposits are those issued in denominations of $100,000 or more.
Money market funds are general purpose and broker/dealer.
D^ , ,. - . ID
•
r
'
Prepared by Federal Reserve Bank of St. Louis


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

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

Billions of Dollars

Billions
Jul 19
Aug

6 20
Jul

2

3

0.365
0.245
0.710
0.242
0.257
0.276

17 31 14 20 12 26 9 23 7 21 4 10 I 15 1 15 2! 12 26 10 24 7 21 5 19 2 16 30 13 27
Aug
Sep Oct
Nov Dec
Jan
Feb Mar
Apr
May
Jun
Jul
Aug
Sep
___
1995
1994

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.

Bank Loans and Credit
3570

Jul

3450

5
12
19
26

Billions of Dollars

2650

I
I
Bank Credit
1325 Billions

3510

✓

3495.5
3506.0
3508.5
3510.2

2590
2530

9 35 24.1

3390

Bon kCredr t (left

✓••

cale)^ /
»^

3330

✓

Loom and L rases [right scale)

w

✓

2470
2410

r “*

3210

A/

#«■

3270

3150

V

All Commercial Banks in the United States
Seasonally Adjusted

Billions of Dollars

Loan s&Lea ses
199
Billiem3
Jul 5 2522.9
12 2533.6
19 2538.3
26 2543.2
Aug 2 2546.7
9 2551.2
LI

2350
2290
2230

6 20 3 17 31 14 26 12 26 9 23 7 21 4 18 1 15 1 15 29 12 26 10 24 7 21 5 19 2 16 30 13 27
Feb Mar
Apr May
Jun
Jul
Aug
Sep
Jul
Aug
Sep Oct
Nov Dec
Jan
1995
1994
Latest Wednesday data plotted : August 9. 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

T

Commercial Paper of Nonfinancial Companies

Billions of Dollars

1995

Aug

Not Seasonally Adjusted

Billions of Dollars

Billions

2
183.052

6

20
Jul

3 17 31 M 28 12 28
Aug
Sep
Oct

9 23 7 21
Nov Dec

4 18
Jan

1994

J5 1 15 29 12 28 10 24 7 21 5 19 2 18 30 13 27
Feb Mar
Apr
May
Jun
Jul
Aug
Sep

Latest data plotted week ending: August 16. 1995

Commercial and Industrial Loans

Billions of Dollars

725

1
L

3 3

1--------All Banks
95 Billions

|

5
12
19
26
2
9

6B5

390

693.8
693.5
693.4
693.6
696.9
695.7

370
_____ / ft*

350
—.

/T'‘
»

6(5
.arge G onks ( right sc

_

645

** "
1995 Billions
Jul 5 344.8
12 344.5

625

605

330

ale)2//

All Bonk* ( eft sea
r-T"l r1

Jul

f-r-i ■
Aug

' 1* '' 1 ' 1
•~T ■ 1
Sep

Oct

1994

Nov

t-t-i

Dec

«)v

-

r TT"»
Jan

26

2
9

344.1 —
346.2
346.0

______

Feb

Mar

Latest Wednesday data plotted : August 9. 1995
Current data appear in the Federal Reserve Board’s H.8 release.
1/ Includes foreign-related institutions
2/ Weekly reporting, domestically chartered banks


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

Aug

Apr

May
1995

Jun

!
Jul

18 30 13 27
Aug
Sep

Prepared by Federal Reserve Bank of St. Louis

11

310

290

270

Dollar’s Trade-Weighted Exchange Index
1973-100

1973-100

Averages of Daily Figures

1995 1973-100
Jul 19
Aug 2

6 20 3 17 31 14 28 12 26
Jul Aug

Sep

Oct

8 23 7 21 4 18 1 15
Nov

Dec

Jan

1994

Feb

1 15 29 12 26 10 24 7 21 5 19 2 16 30 13 27
Mar

Apr

May

Jun

Jul

Aug

Sep

1995

Latest data plotted week ending: August 23. 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

35

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33
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