Full text of U.S. Financial Data : December 10, 1992

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

December 10,4-992.

Federal
Jra> Reserve
Reserve Bank

DEC 1 4 1392

U.S. Financial Data
THE WEEK'S HIGHLIGHTS:
^

Producer prices offinished goods decreased at an annual rate of
2.9 percent in November, after a 1 percent rate of increase in
October. Since January, finished-goods prices have risen at a 1.8
percent annual rate.

✓

The civilian unemployment rate for November was 7.2 percent,
down from 7.4 percent in October. Total civilian employment has
expanded at only a 1 percent annual rate since January. Since last
June, however, the labor force has declined at a 0.6 percent rate,
resulting in a 0.6 percentage point drop in the unemployment rate.

✓

Consumer installment credit rose $214 million in October after a
September increase of $1.4 billion—the first back-to-back increases
in a year. Credit outstanding in October was down 0.9percent
from a year earlier.

U.S. Financial Data” is now sent in an envelope to prevent it
from being damaged in the mail.

Views expressed do not necessarily reflect official positions of the Federal Reserve System.
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Federal Reserve Bank of St. Louis

2
Adjusted Monetary Base
Averages ot Daily Figures

Billions of Dollars

1992

Billions

Sep 30
Oct 14
28
Nov 11
25
Dec 9

377.3
380.2
381.3
383.2
385.0
382.0

2 tf
Oct

Billions of Dollars

Seasonally Adjusted

30 13 27 11 25 8 22 5 1) 4 IB 1 15 21 13 27 10 20
Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

1991

I 2? 5 19 2 II 30 14 28 11 25

9 23

Jul

Dec

Aug

Sep

Oct

Nov

1992

Latest data plotted reserve maintenance period ending: December 9, 1992

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 12/n/gi 3/4/92 5/13/92 6/10/92 7/8/92
8/5/92
9/2/92 10/14/92
two maintenance
periods ending:
5/13/92
6/10/92
7/8/92
8/5/92
9/2/92
10/14/92
11/11/92
12/9/92

9.6
9.1
7.8
8.7
9.4
10.5
10.7
10.2


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Federal Reserve Bank of St. Louis

6.3
4.8
6.7
8.0
9.8
10.1
9.5

3.1
7.1
9.2
11.5
11.7
10.6

7.4
10.0
12.6
12.6
11.2

15.6
16.5
15.7
13.5

16.9
15.7
13.0

Prepared by Federal Reserve Bank of St. Louis

Money Stock (Ml) and Total Checkable Deposits
Averages ot uany ngures
Seasonally Adjusted

Billions of Dollars

_ 1222

Billions of Dollars

Billions.

Oct 26 1009.1
Nov 2 1017.0
9 1019.1
16 1023.2
23 1014.6
30 1020.7

(right scale)

M1 (left scale)

1992

TCD
Billions__

Oct 26
Nov 2
9
16
23
30

711.7
719.6
720.9
724.5 —
715.8
721.4

7 21 4 18 2 18 31 11 27 It 24 9 23 6 20 4 18 1 15 29 13 27 10 24 7 21 5 19 2 If 30 14 29
Oct

Nov
1991

Dec

Jan

Feb

Mar

Apr

May

Jun
Jul
1992

Aug

Sep

Oct

Nov

Dec

Latest data plotted week ending: November 30, 1992
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
12/2/91
3/2/92 4/27/92 6/1/92
6/29/92 7/27/92 8/31/92 9/28/92
of four weeks
ending:
4/27/92
6/1/92
6/29/92
7/27/92
8/31/92
9/28/92
11/2/92
11/30/92

14.4
14.4
11.8
11.7
12.4
13.1
14.3
14.2


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Federal Reserve Bank of St. Louis

9.9
6.5
7.4
9.2
10.5
12.6
12.7

5.9
7.6
10.1
11.8
14.2
14.1

3.5
8.5
11.0
14.2
14.1

14.5
16.1
18.6
17.7

18.1
20.7
19.1

22.9
19.9

20.0

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves
Seasonally Adjusted

Billions of Dollars

1

_ 1992

Billions

Sep 1 6
30
_ Oct 14
28
Nov 11
25

90.9
90.8
92.1
92.6

Billions of Dollars

94.8

16 30 13 27 11 25 8 22
Oct
Nov
Dec Jan
1991

5 19 4 18 1 15 29 13 27 10 24 0 22
Feb Mar
Apr
May
Jun Jul
1992

5 19 2 16 30 14 26 11 25
Aug
Sep
Oct
Nov

9 23
Dec

Latest data plotted two weeks ending: November 25, 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 11/27/91 2/19/92 4/29/92 5/27/92 6/24/92 7/22/92 8/19/92 9/30/92
periods ending:
4/29/92
5/27/92
6/24/92
7/22/92
8/19/92
9/30/92
10/28/92
11/25/92

21.0
19.4
14.5
11.5
13.4
14.4
15.2
16.5


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

18.2
10.6
6.8
10.2
12.2
13.4
15.3

-1.5
-3.9
3.7
8.3
10.5
13.4

-10.5
1.5
7.7
10.4
13.8

9.2
14.2
16.3
19.3

24.9
24.5
26.6

22.2
25.5

28.7

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier1/
Averages ot Daily Figures
Seasonally Adjusted

Ratio
Compounded annual
rates of change,
average of the four
weeks ending
November 23, 1992 from
the four weeks ending:
Nov 25, 1991 3.6
Mar 2, 1992 2.6
May 25, 1992 2.5
Jul 6, 1992 3.4
Aug 3, 1992 4.3
Aug 31, 1992 5.7
Sep 28, 1992 7.9

7

Ratio
Sep 14
Oct 12
Nov 9

21
Oct

4 18 2 16 30 13 27 10 24 9 23 6 20 4 18 1
Nov
Dec
Jan
Feb
Mar Apr
May
1991
Latest data plotted two weeks ending: November 23, 1992

15 29 13 27 10 24 7

21

2.627
2.642
2.657
2.647

16 30 14 28
Nov
Dec

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
November 30, 1992 from
the four weeks ending:
Dec 2, 1991 9.0
Mar 2, 1992 9.2
Jun 1, 1992 11.4
Jun 29, 1992 12.4
Jul 27. 1992 12.4
Aug 31, 1992 10.7
Sep 28, 1992 8.1

7

21

4

II 2 16 30 13 27 10 24
Nov
Dec
Jan
Feb

9 23
Mar

6

20 4 18
Apr
May

15 29 13 27 10 24 7 21
Jun
Jul
Aug
Sep

1992

Billions

Oct 26
Nov 2

288.8
288.7
289.5
290.1
290.2
290.6

19 2

16 30 14 28
Nov
Dec

Latest data plotted week ending: November 30, 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

Averages of Daily Figures

Corporate
Aaa Bonds

Municipal Bonds

Commercial
Paper

4

18

1

15 29 13 27 10 24 7 21
Feb

6

29 3 17
Mar
Apr

May

12 26 10 24 7 21
Aug

4

18 2 16 38
Sep
Oct

Latest data plotted are averages of rates available for the week ending: December 11,1992

1992

90-Day
CDs

30—Day
Commercial
Paper

90-Day
Bankers'
Acceptances

Sep 18
25
Oct 2
9
16
23
30
Nov 6
13
20
27
Dec 4
11 *

3.07
3.15
3.10
3.09
3.25
3.38
3.39
3.42
3.52
3.68
3.67
3.73
3.55

3.18
3.27
3.26
3.15
3.23
3.27
3.26
3.25
3.28
3.25
3.22
3.70
3.82

3.05
3.12
3.04
3.05
3.18
3.31
3.32
3.35
3.47
3.60
3.60
3.65
3.50

Corporate
Aaa Bonds
7.91
7.96
7.93
7.92
7.96
8.04
8.07
8.11
8.14
8.07
8.06
3.06
8.01

Corporate
Baa Bonds

Municipal
Bonds **

8.58
8.69
8.64
8.72
8.84
8.93
8.96
9.02
9.00
8.91
8.91
8.92
8.83

6.27
6.33
6.27
6.29
6.34
6.53
6.62
6.51
6.38
6.28
6.26
6.28
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
M

3.0

✓
V

-V

/

/" y

i

>* y \

/y

7.0

S

-------L

V

/

>r

/t

i

Tr«

sar
scurttki s
/•
/

V

V' r

Fee eral
^Fund t Rate

>\
1■

/

r

5.0
s

'
%

\

1

f

T

1

3—Mon

4.0

6.0

BUI

4.0

vV

s'’

^ ^ y »v V
□ acount Rate

\

>yy

T T'»

1 i • i ft1 l —F—«——i
II I 15 » 13 17 10 H 7 21 S 10 3 17
15 29 12 26 10 2* 7 21 4 IB 2 16 30 13 27 11 25
Oct Nov
Dec
Jan Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1991
1992
Latest data plotted are averages of rates available for the week ending: December 11, 1992

4

1992
Sep 18
25
Oct 2
9
16
23
30
Nov 6
13
20
27
Dec 4
11 *

Federal
Funds **
3.28
3.07
3.41
3.20
3.20
3.05
2.96
3.07
2.91
2.97
3.10
3.37
2.94

3-Month
Treasury
Bill

6—Month
Treasury
Bill ***

2.89
2.89
2.69
2.76
2.90
2.95
2.94
3.03
3.08
3.16
3.24
3.30
3.25

2.90
2.93
2.85
2.78
2.95
3.10
3.22
3.27
3.31
3.37
3.45
3.46
3.37

1 —Year
Treasury
Bill

5—Year
Treasury

Long-Term
Treasury
Securities

3.03
5.37
7.02
3.04
5.46
7.11
2.91
5.26
7.02
2.97
5.35
7.12
3.12
5.52
7.21
3.35
5.83
7.35
3.36
5.85
7.37
3.42
5.96
7.44
3.47
6.00
7.41
3.56
6.05
7.36
3.60
6.12
7.38
3.64
6.20
7.41
3.51
6.02
7.27
whirh n»S ,rSmEnfiw kwYkL k l -T®98™6 Board'si H. 15 release excluding long-term Treasury securities
which are computed by this bank. Treasury bill yields are on a discount basis.
7
* 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

3.0

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

Billions of Dollars

3550

I

Billions of Dollars

2050

I

M2
1992 Billions
Oct 26 3493.9
Nov 2 3506.1

3500

2600

16 3f 11.1
23 3-*I-95.6
30 3J 01.3

M2 (left s< ale)

3450
►

2550

rn.
V 'n
%
W

2500

r

3400

’ —N ,

\

I

i

a>

1

N

4%

ht seal 0
No n-M1 M2
Bill! ons
199.

3350

3300

Oct 26 2484.8
Nov 2 2489.1
9 2493.2
16 2487.9
23 2481.0
30 2480.6
7 21
Oct

4

11 2 15 31 13 27 10 21
Dec
Jan
Feb
Nov
1991

1 23
Mar

6

20 4 11 I IS 2! 13 27 10 24
Aug
Jun
Jul
Apr
May
1992

7 21
Sep

S

1! 2 11 30 1 4 21
Oct
Nov
Dec

2450

2400

Latest data plotted week ending: November 30, 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)
Compounded annual rates of change, average of four weeks ending:
6/1/92 6/29/92 7/27/92 8/31/92 9/28/92
4/27/92
12/2/91
3/2/92
ending:
4/27/92
6/1/92
6/29/92
7/27/92
8/31/92
9/28/92
11/2/92
11/30/92

2.8
2.3
1.6
1.2
1.5
1.6
2.0
2.1


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

-0.4
-1.0
-1.0
-0.2
0.2
0.9
1.1

-1.2
-1.2
0.0
0.6
1.4
1.6

-2.0
0.0
0.7
1.7
1.9

1.3
1.8
2.8
2.8

3.2
3.9
3.7

4.3
3.9

4.2

Prepared by Federal Reserve Bank of St. Louis

Savings and Money Market Funds
Averages of Daily Figures

Billions of Dollars
12101 —I-------- 1----------Savings
1992 Billions

1165

<15

Oct 26 1173.6
_Nov 2 1176.0
9 11 81.2
16 11 83.8
23 11 81.3
30 11 81.3

390

1120

‘/s -

N. — - r
x* /

1075
Sovt igs D«f •osfte ( eft sea «)

1 1

Tf 1 i

1 1 '

▼M 11

3<0
Mor ey Ma rket
199; Eilliims

Oct 2 6 347 .7
Nov 2 351.6 —
9 350.0
16 3+8.5
23 346.7
30 348.9
______I_____ I_____

1030

985

305

Mom y Mark >t (righ t scale

s

T' 1 ~l ' 1

Oct

Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
1991
1992
Note: Savings deposits ore at all depository institutions. Money market funds are general purpose
and broker/dealer.
r r

315

210

Dec

Large and Small Time Deposits1 /
All Depository Institutions C*

Billions of Dollars

Billions of Dollars

465

1
Small
1992
Oct 26
Nov 2
9
6
>3
50

\x
A

<35
\

X

3<5

995

X

26
Nov 2
9
16
23
30
-J
2t
Oct

IB
Nov
1991

imollTlme

X

r.

Lai ge Tim i (left 2 cale)

(ri |ht sea le)

3
367.3
368.4
369.6
370.6
370.4

IS 30 13 27 10 24
Dec
Jan
Feb

930

"x
'

9 23
Mar

S 20
Apr

18
May

rni i ~t-r-| i1 1 1 1 * r»i i 1
15 29 13 27 10 24 7 21 5 19
IS 3 14 29
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1992

Latest data plotted week ending: November 30, 1992
1/ Large time deposits are those issued in demoninations of 1100,000 or more.


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

1000

r

X

____ X

La rge Ti me
m22 fiii ions

1125

vs
N

<05

375

1
Time
Billions
894.2
890.3
886.4
88 2.8 —
87 3.9
87 7.3

Prepared by Federal Reserve Bank of St. Louis

9

005

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

2

1992

Billions

Nov 4
11
18
25
Dec 2
9

0.084
0.048
0.088
0.187
0.160
0.028

18 30 13 27 II 25 8 22
Jan
Nov
Dec

S

19 4 18 1 15 21 I) 27 10 24
Feb Mar
Apr
May
Jun

22
Jul

Billions of Dollars

5

I! 2 If 30 14 28 11 !S 9 23
Nov
Dec
Aug
Sep

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

Billions of Dollars

2

1992

Billions

Nov 4
11
18
25
Dec 2
9

0.084
0.048
0.088
0.187
0.160
0.028

16 30 13 27 11 25
Nov Dec

8 22
Jan

5

19 4 18
Feb Mar

Apr

May

Billions of Dollars

Aug

Sep

Oct

Nov

Dec

Latest data plotted week ending: December 9, 1992


http://fraser.stlouisfed.org
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

150.025
Dec 2 150.878

2

IS 30 I3 27 11 25

22
in

5 1! 4 18
Feb Mar

1

15 2! 13 27
Apr
May

1991

10 24 8 22 5 1!
Jun
Jul
Aug
1992

2

IE 30 14 28 11 25
Sep
Oct
Nov

J 23
Dec

Latest data plotted week ending: December 2, 1992

Commercial and Industrial Loans17
Weekly Reporting Large Commercial Banks 2/

380
360
340
320

.

[
Compounded annu al
rates of change,
average of the fou
weeks ending
November 25, 1992 From
the four weeks end ing:
Nov 27, 1991 —£ .3
Feb 26, 1992 H • 6 _
May 27, 1992 H . 1
Jun 24, 1992 - .9
Jul 22. 1992
.2
Aug 26, 1992
.9

300

l
199.l

Billions

.1
8
Nov 4
1
; 8
5

276.927__
277.050
278.546
278.310
279.081
281.004

3(0
340
320
300

200

260

260

rr 1
Oct

Nov
1991

Dec

Jan

Feb

Mar

Apr

May

1

Jun
Jul
1992

| | | r r, , , -*"i » r 'l ■ i
Aug

Sep

Oct

Nov

l 1 i
Dec

Latest data plotted week ending: November 25, 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


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

11

260

Dollar’s Trade-Weighted Exchange Index
1973=100

Averages of Daily Figures

1992 1973=100

2 16 30 13 27
Nov Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Latest data plotted week ending: December 9, 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