Full text of U.S. Financial Data : August 5, 1993

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

RESEARCH LIBRARY
UltVedlnl? Reserve Binkl TN

.

.LFinaneial Data

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THE WEEK'S HIGHLIGHTS:
y/ The composite index of leading indicators increased 0.1 percent in
June, after decreasing 0.4 percent in May. Since March, this index
has shown little change on balance.
s/ New construction spending in 1987 dollars increased at a 1.2 per­
cent annual rate in June, following a 1.1 percent rate of increase in
May. Compared with December 1992, real construction spending
was up 1.1 percent.
\/ Sales of new one-family homes rose 11 percent in June, after
declining 12.4 percent in May. One-family home sales for the first
six months of 1993 were up 6.9 percentfrom the same period in
1992.
y/ Real disposable personal income fell at a 1 percent annual rate in
June. Since December 1992, real income has increased at a 1 per­
cent rate.
y/ Real personal consumption expenditures (PCE) grew at an annual
rate of 7.4 percent in June, the third consecutive monthly increase.
During the past six months, real PCE has risen at a 2.1 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:

One year (50 issues) $21
Two years (100 issues) $36
To subscribe, please send your check or money order made payable to the Federal Reserve Bank
of St. Louis to: Research and Public Information, Federal Reserve Bank of St. Louis, Post Office
Box 66953, St. Louis, MO 63166-6953. DO NOT SEND CASH. Checks from foreign subscribers
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
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 of Daily Hgures
Seasonally Adjusted

Billions of Dollars

1993

Billions

May 26
— Jun 9
Jul

3

7

Aug

Billions of Dollars

4

403.7
404.4
404.3
406.2
411.0
409.7

17 1 15 29 12 26
Jun
Jul
Aug

9 23
Sep

7 21
Oct

4 18
Nov

2

16 30 13 27 10 24 10 24 7 21
Dec
Jan
Feb Mar Apr

1992

5 19 2 16 30 14 28 11 25
May
Jun
Jul
Aug
1993

Latest data plotted reserve maintenance period ending: August 4, 1993
The adjusted monetary base is the sum of reserve accounts of financial institutes 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 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
To the average of

Compounded annual rates of change, average of two maintenance periods ending:
8/5/92 10/28/92 1/6/93
2/3/93
3/31/93 4/28/93
3/3/93
6/9/93

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

11.9
11.6
13.4
9.8
10.7
11.4
10.8
11.3


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Federal Reserve Bank of St. Louis

8.8
12.3
7.1
8.7
10.1
9.4
10.2

17.7
6.2
9.1
11.0
9.9
10.9

4.2
8.7
11.2
9.9
11.0

1.2
7.4
6.6
8.5

17.1
13.2
14.2

11.2
13.0

10.6

Prepared by Federal Reserve Bank of St Louis

Money Stock (M1) and Total Checkable Deposits
Averages

Billions of Dollars

1993

ot

Daily Mgures

Billions of Dollars

Seasonally Adjusted

M1
Billions

— Jun 21
28
Jul 5
12
19
26

1074.8 ■
1076.0
1077.8
1085.2
1084.6
1086.7

(right scale)

TCD
1993

'M1 (left scale)

1

Billions

Jun 21
28
Jul 5
12
19
26

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

Feb

Mar

Apr

May

Jun

759.0
759.5
761.7 —
768.8
767.6
768.5

Jul

Aug

Latest data plotted week ending: July 26, 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)
Compounded annual rates of change, average of four weeks ending:

To the average 7/27/92 10/26/92 12/28/92 1/25/93
of four weeks
ending:
12/28/92
1/25/93
3/1/93
3/29/93
4/26/93
5/24/93
6/28/93
7/26/93

16.4
15.0
12.7
11.4
11.1
12.8
12.5
12.6


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Federal Reserve Bank of St. Louis

11.8
8.7
7.5
7.7
10.5
10.5
10.7

3.9
3.4
4.6
9.1
9.3
9.9

1.6
3.7
9.5
9.7
10.2

3/1/93

3/29/93

4/26/93

5/24/93

5.3
13.1
12.3
12.5

Prepared by Federal Reserve Bank of St. Louis

4
Adjusted Reserves
Billions of Dollars

Seasonally Adjusted

1993

3

Billions

May 12
26
Jun 9
23
Jul 7
21

Billions of Dollars

96.4
99.6

17

I

97.3
102.2

15 29 12 26
Aug

9

23 7 21

Sep

4

Oct

18

2

Nov

16 30 13 27 10 24 10 24 7
Dec

Jan

Feb

Mar

21
Apr

5

19
May

2

16 30 14 28 11 25
Jun

Jul

Aug

Latest data plotted two weeks ending: July 21. 1993
Adjusted reserves is the difference between adjusted monetary base and currency component of M1.

Adjusted Reserves
To the average of
two maintenance
periods ending:
12/23/92
1/20/93
2/17/93
3/17/93
4/14/93
5/26/93
6/23/93
7/21/93

Compounded annual rates of change, average of two maintenance periods ending:
7/22/92 10/14/92 12/23/92 1/20/93 2/17/93 3/17/93 4/14/93 5/26/93

16.1
14.7
23.0
13.2
10.3
14.2
13.3
14.2


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Federal Reserve Bank of St. Louis

9.7
24.5
9.3
5.8
11.8
10.9
12.2

44.2
8.1
2.8
12.3
11.0
12.8

8.6
1.4
13.5
11.7
13.7

-26.7
-2.6
-1.2
3.1

17.5
13.5
16.0

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier1/
Averages of Daily Figures
Seasonally Adjusted

Ratio

Ratio

3.0
Compounded annual
rates of change,
average of the four
weeks ending
July 19, 1993 from
the four weeks ending:
JuI 20, 1992
1.1
Oct 26, 1992 0.8
Feb 1,1993 -0.5
Mar 1, 1993
4.2
Mar 29, 1993
1.0
Apr 26, 1993 3.7
May 24. 1993
1.0

Ratio
May 10
Jun

7

Jul

5

2.656
2.642
2.654
2.653
2.651
2.640

2.8

2.S

I

IS M
Jun

I3 27 11 21 7 2! S 1! 2 11 31 U 21 11 25
Jul Aug Sep Oct
Nov
Dec
Jan
1992

I 2!
Feb

8 22
Mar

i IS 3 17 31 H 28 12 21
Apr
May
Jun
Jul
1993

S 23
Aug

Latest data plotted two weeks ending: July 19, 1993

Currency Component of M12/
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

320

I
I----------Compounded annu i\
rates of change,
average of the four
weeks ending
July 26, 1993 from
the four weeks end ng:
Jul 27, 1992 10 .6
Oct 26, 1992 9 .9
Jan 25, 1993 10 .2
.3
Mar 29, 1 993 10 .4
Apr 26, 1 993 10 .8
May 24, 1 993 11 . 1

310

Billions of Dollars

320

310

-

300

290

290
199 3

fiiliions

Jun 21
28
Jul 5
12
19
26

30 7.7
30 3.9
308.2
308.6
309.0
310.3

-

I___ I

270
1

15 2! 13 27 10 24 7 21 5 19
Jun
Jul Aug Sep
Oct
1992

2

16 31 14 28 11 25
Nov
Dec
Jan

8 22 8 22 5 19 3 17 31 14 21
Feb Mar Apr
May
Jun
1993

12 26 1 23
Jul
Aua

Latest data plotted week ending: July 26. 1993
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

200

270

6

Yields on Selected Securities
Percent

Percent

Averages of Daily Figures

Corporate
-Aoa Bonds-

5

II
Jun

3 17 31 H 21 11 25
Jul
Aug
Sep
1992

9 23
Oct

6 20 4 18
Nov
Dec

1

15 29 12 26 12 26
Jan
Feb Mar

9 23 7 21 4 18
Apr
May
Jun
1993

2

16 30 13 27
Jul
Aug

Latest data plotted are averages of rates available for the week ending: August 6, 1993

1993

90-Day
CDs

30—Day
Commercial
Paper

90—Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **

3.07
3.12
3.16
3.21
3.25
3.17
3.21
3.18
3.16
3.14
3.16
3.17
3.16

3.09
3.11
3.15
3.18
3.20
3.18
3.20
3.20
3.16
3.13
3.14
3.15
3.16

3.04
3.07
3.12
3.16
3.21
3.13
3.16
3.13
3.12
3.10
3.14
3.13
3.13

7.41
7.48
7.46
7.39
7.38
7.32
7.29
7.24
7.22
7.16
7.17
7.14
7.06

8.18
8.28
8.27
8.16
8.13
8.06
8.01
7.96
7.96
7.90
7.93
7.95
7.87

5.69
5.77
5.73
5.67
5.68
5.61
5.57
5.55
5.55
5.50
5.61
5.65
NA

May 14
21
28
Jun
4
11
18
25
Jul
2

9
16
23
30
Aug
6 *

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


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

Selected Interest Rates
Percent

5

Percent

Averages of Daily Figures

19
Jun

3 17 31 14 28 11 25
Jul
Aug
Sep
1992

9 23 6 20
Oct Nov

4 18
Dec

1

15 29 12 26 12 26
Jan
Feb
Mar

9 23 7 21
Apr
May
1993

4

18 2 16 30 13 27
Jun
Jul
Aug

Latest data plotted are averages of rates available for the week ending: August 6, 1993

1993
May

14
21
28
Jun
4
11
18
25
Jul
2
9
16
23
30
Aug
6 *

Federal
Funds **
2.90
3.01
3.07
3.09
2.96
3.01
3.00
3.13
3.10
3.01
3.09
3.03
3.10

3—Month
Treasury
Bill

6—Month
Treasury
Bill ***

1 —Year
Treasury
Bill

5-Year
Treasury
Securities

Long-Term
Treasury
Securities

2.91
2.99
3.06
3.06
3.10
3.05
3.09
3.01
3.02
3.02
3.07
3.06
3.08

2.99
3.10
3.19
3.22
3.30
3.19
3.19
3.14
3.10
3.14
3.15
3.24
3.25

3.14
3.26
3.39
3.44
3.46
3.33
3.37
3.29
3.28
3.27
3.37
3.43
3.42

5.10
5.28
5.36
5.29
5.32
5.19
5.18
5.04
5.03
5.00
5.15
5.21
5.20

6.58
6.72
6.71
6.62
6.60
6.51
6.44
6.34
6.34
6.25
6.30
6.34
6.27

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


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 Dollars

Billions of Dollars

2725
M2
1993 Billions
Jun 21
28
5
12
19
26

_ Jul

3513.6
3502.9
3502.2.
3516.1
3516.5
3517.2

2625

2525

(left scale)

2425

Non-M1 M2 (right scale)

Non-M1 M2
1993 Billions
Jun 21
28
Jul 5
12
19
26

2438.8
2426.9
2424.4
2430.9
2431.9
2430.5

2325

2225
1

15 29 13 27 10 24 7 21
Aug
Sep

5

19 2 16 30 14 28
Oct
Nov
Dec
Jan

22 8 22 5 I9 3 17 31 14 28 12 26
Feb Mar
Apr
May
Jun
Jul

9 23
Aug

1993

1992
Latest data plotted week ending: July 26. 1993
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)
Compounded annual rates of change, average of four weeks ending:
To the average 7/27/g2 10/26/92 12/28/92 1/25/93
3/1/93
3/29/93 4/26/93 5/24/93
of four weeks
ending:
12/28/92
1/25/93
3/1/93
3/29/93
4/26/93
5/24/93
6/28/93
7/26/93

2.4
1.5
0.6
0.4
0.4
1.3
1.5
1.4


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

-0.2
-1.2
-1.2
-1.0
0.6
1.0
0.9

-3.8
-2.9
-2.2
0.2
0.8
0.7

-2.6
-1.8
1.1
1.6
1.4

-0.5
3.3
3.3
2.7

5.4
4.7
3.6

6.8
4.7

2.0

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 21 1197.6
28 1198.2 .
12 1201.1
19 1200.1
26 1198.3

Money Market
1993 Billions
Jun 21
28

'Savings Deposits (left scale)

. 1992

336.1
333.6 —

1993

Note: Savings deposits are at all depository institutions. Money market funds are general purpose
and broker/dealer.

Large and Small Time Deposits1 '
Billion

Billions of Dollars

Averages of Daily Figures, Seasonally Adjusted

Small Time
1122 Billions
Jun 21
Jul

5

829.2
826.4
823.9
822.0 —
820.4
818.8

Large Time (left

Large Time
1993 Billions
— Jun 21
28
Jul 5
12
19
26

I

342.2
340.6
340.2
338.7
335.6
334.2

Small Time (right scale)

15 28 13 27 10 24 7 21 5 IS 2 16 30 14 28 11 25 8 22 8 22 5 18 3 17 31 14 28 12 26
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb Mar
Apr
May
Jun
Jul
1992
1993

9 23
Aug

Latest data plotted week ending: July 26, 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
From Federal Keserve banks
Averages of Daily Figures

Billions of Dollars

Billions of Dollars

1993

Billions

Jun 30
Jul 7
14
21
■
28
Aug 4

3

17 I 15 21 12 26 I 23
Jun
Jul
Aug Sep
1992

7 21 4 18 2 16 30 13 27
Oct
Nov
Dec
Jan

10 20 10 20 7 21
Feb Mar Apr

5 II
May
1993

2

0.387
0.234
0.208
0.232
0.235 ----0.229

16 30 10 20 11 25
Jun
Jul
Aug

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

Billions of Dollars

Billions of Dollars

0.7

------------1--------1993
Jun 3 0
Jul
1 4
2

0.5

0.387
0.234
0.208
0.232

Aug

0.6

0.22 9

0.7

Billions

4

0.6
0.5

t

0.4

0.4

l

l

0.3
V

0.2

J

ii

0.1

0.0

3

17 1 IS 24 12 26
Jun
Jul
Aug

I
1
1
\J
hi 1/ K J
V V 1' n/V

4 23
Sep

7 21
Oct

4

It 2 16 30 13 27 10 24 10 24 7 21
Nov
Dec
Jan
Feb Mar
Apr

1992
Latest data plotted week ending: August 4, 1993


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

5

0.3

,

»

IS 2 16 30 14 20
May
Jun
Jul
Aug

1993

Prepared by Federal Reserve Bank of St. Louis

0.2
O.l

<

■ /

Commercial Paper of Nonfinancial Companies
Billions of Dollars

1993

Billions of Dollars

Not Seasonally Adjusted

Billions

Jun 23 158.893
153.056
Jul 7 159.680
1 58.040
159.261
159.919

3

17 1 IS 21 12 26 9 23
Jun
Jul
Aug Sep
1992

7 21 4 18 2 16 30 13 27
Oct
Nov
Dec
Jan

10 24 10 24
Feb Mar

7 21 S 19
Apr May
1993

2 16 30 14 21 11 25
Jun
Jul
Aug

Latest data plotted week ending: July 28, 1993

Commercial and Industrial Loans'7
Billions of Dollars

Weekly Reporting Large Commercial Banks2/
Seasonally Adjusted

Compounded annual
rates of change,
average of the four
weeks ending
July 21, 1993 from
the four weeks ending:
Jul 22. 1992 -2.5
Oct 21, 1992 -3.2
Jan 20. 1993 -2.2
Feb 24, 1993 -2.4
Mar 24. 1993 -1.3
Apr 21. 1993 3.4
May 19. 1993 4.6

3

17
Jun

1 15 29 12 26 9 23
Jul
Aug
Sep
1992

Billions of Dollars

1993

7 21 4 II 2 16 30 13 27 10 24 10 24 7 21
Oct
Nov
Dec
Jan
Feb Mar
Apr

Billions

.Jun 16
23
30
Jul 7
14
21

275.565.
274.678
275.802
275.007
272.906
273.371

5 19 2 16 30 14 28 11 25
May
Jun
Jul
Aug
1993

Latest data plotted week ending: July 21, 1993
1/ Commercial and industrial loans include banker's acceptances and commercial paper.
2/ Banks with domestic assets greater than $1.4 billion
„
.. _ .
, r,
„ ,
,
•
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

11?3=100

Jun 30
Jul

Aug

3 17
Jun

1

15 29 12 21 9 23 7 21
Jul

Aug

Sep
1992

Oct

4 18 2
Nov

11 30 13 27 10 24 10 24 7 21
Dec

Jan

Feb

Mar

5

7

4

19 2

Apr
May
1993

18 30 14 28 11 25
Jun

Jul

Aug

Latest data plotted week ending: August 4, 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

05 D «