Full text of U.S. Financial Data : February 10, 1994

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

aervs Bank

'FEB

14 m
mi
KKDKKVI
J KI SKKW.
jfilLWKot'
ST. IXX IS

ffSrfinancial Data
THE WEEK'S HIGHLIGHTS:

The Clinton Administration has proposed a budget plan showing
a deficit of $165.1 billion in fiscal 1995, down from an estimated
$234.8 billion in 1994.
t/ The civilian unemployment rate was a seasonally adjusted 6.7 per­
cent in January, according to the first employment report using
new survey procedures. On the old basis, the Labor Department
estimates that January's rate would have been 6.3 percent, down
from 6.4 percent in December.
*/ Sales of new, one-family houses in December rose to a seasonally
adjusted annual rate of862,000 units from 774,000 in November.
Sales for 1993 were up 9.7 percent from 1992.
\/ Consumer installment credit outstanding rose at an 11.7 percent
annual rate in December, following 11.3 percent in November.
Credit has increasedfor seven straight months.

The monetary aggregate figures reported in this issue
incorporate new benchmark and seasonal revisions.
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.


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

2
Adjusted Monetary Base
Averages ot Daily Figures
Seasonally Adjusted

Billions of Dollars

1994
Nov 24
430 -Dec 8
22
Jan 5
19
Feb 2

Billions of Dollars

Billions
422.2
421.1
A r,!-, -»
422.3
424.2
428.2
431.4

2 IS 30 13 27 10 24 10 24 7 21 5 19 2 16 30 14 28 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23
Dec
Jan
Feb Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
1992
1993
1994
Latest data plotted reserve maintenance period ending: February 2, 1994
The adjusted monetary base is the sum of reserve accounts of financial institutigns 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 soufcg of the adjusted monetaiy 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 Monetaiy Base
_ ..
, Compounded annual rates of change, average of two maintenance periods ending:
To the average of 2/^ s/12/„ 7/7/g3
*
s
8/4/93 9/15/93 10/13/93 11/10/93 12/8/93
two maintenance
periods ending:
7/7/93
8/4/93
9/15/93
10/13/93
11/10/93
12/8/93
1/5/94
2/2/94

11.2
10.7
11.0
11.1
10.5
10.1
9.6
10.5


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

11.2
11.6
11.7
10.6
10.0
9.4
10.6

10.8
11.1
9.7
9.0
8.4
10.1

12.3
10.2
9.2
8.4
10.4

8.4
7.5
6.9
9.7

5.4
5.3
9.2

5.4
10.6

Prepored by Federal Reserve Bank of St Louis

1

Money Stock (M1) and Total Checkable Deposits
Averages ot uaiiy Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

M1
1994 Billions
Dec 27 1131.0
Jan 3 1130.0
10 1130.5
17 1133.2
24 1136.4.
31 1136.5

M1 (left scale)

TCD
_
1994 Billions
TCD (right scale)

7 21
Dec

Dec 27
Jan 3
10
17
24
31

4 18 I 15 I 15 29 12 28 10 24 7 21 5 19
Jan

Feb

Mar

Apr

May

Jun

1992

801.7
799.6
798.8 __
800.3
802.6
801.0

2 18 30 13 27 11 25 8 22 6 20 3 17 31 14 28

Jul

Aug

Sep

Oct

Nov

Dec

1993

Jan

Feb

1994

Latest data plotted week ending: January 31, 1994
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:
6/28/93
8/2/93
8/30/93
10/4/93
11/1/93
11/29/93
1/3/94
1/31/94

Compounded annual rates of chang'e, average of four weeks ending:
2/1/93
5/3/93 6/28/93 8/2/93 8/30/93 10/4/93 11/1/93 11/29/93

10.5
10.8
10.6
10.7
10.5
10.5
10.1
9.7


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

16.1
14.5
13.7
13.0
12.6
11.7
11.1

10.7
10.8
10.5
10.4
9.7
9.2

10.2
10.0
10.0
9.2
8.7

10.4
10.3
9.2
8.6

9.8
8.5
7.9

8.0
7.4

6.2

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves
Billions of Dollars

Seasonally Adjusted

Billions of Dollars

110

Nov 24 102.!
106 -Dec 8 100.4
22

106

101.2

5
19
Feb 2

102.2
103.9
104.1

Jan

102

98

94

90

2 16 30 13 27 10 24 10 24 7 21 5 19 2 16 30 14 20 11 25
Feb

Mar

Apr

May

Jul
Jun
1993

Aug

22 6 20 3 17 1 15 2! 12 26 9 23
Sep

Oct

Nov

Dec

Jan
1994

Latest data plotted two weeks ending: February 2, 1994
Adjusted reserves is the difference between adjusted monetary base and currency component of M1.

Adjusted Reserves
I o the average or
two maintenance
periods ending:
7/7/93
8/4/93
9/1/93
9/29/93
10/27/93
12/B/93
1/5/94
2/2/94

Compounded annual rates of change, average of two maintenance periods ending:
8/4/93
9/1/93 9/29/93 10/27/93 12/8/93
2/3/93 4/28/93 7/7/93

12.5
11.1
13.2
12.4
12.4
9.6
8.8
10.8


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

11.2
14.7
13.2
13.1
9.1
8.0
10.8

15.4
12.4
12.3
6.8
5.7
9.7

16.8
15.2
7.5
6.1
10.5

9.4
2.2
1.7
7.6

0.5
0.4
7.9

-4.0
6.7

17.8

Prepared by Federal Reserve Bank of St. Louis

86

Money Multiplier1/
seasonally Adjusted
Compounded annual
rates of change,
average of the four
weeks ending
January 31, 1994 from
the four weeks ending:
Feb 1, 1993 -0.6
Apr 26, 1993 0.6
Aug 2, 1993 -1.1
Aug 30, 1993 -0.6
Sep 27. 1993 -1.2
Oct 25. 1993 -0.3
Dec 6, 1993 -5.0

Ratio
2.658
2.673
2.671
2.643

7 21 4 18 1 15 1 15 29 12 26 10 24 7 21 5 19 2 16 30 13 27 11 25
Feb Mar
Apr
May
Jun
Jul
1992
Latest data plotted two weeks ending: January 31, 1994

Aug

Sep

20 3 17 31 14 28

Oct
1994

Currency Component of M12/
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

335

325

315

o

Z

2

O

■

Compounded annual
rates of change,
average of the four
weeks ending
January 31, 1994 from
the four weeks ending:
Feb 1. 1993 10.5
May 3, 1993 10.5
Aug 2. 1993 10.3
Aua 30. 1993 10.3
t 4. 1993 9.7
v 1, 1993 0.3
v 29, 1993 1.5
i

325

315

Billions of Dollars

------------1--------------- 1------------- 1--------------

O O

335

305

305
199 4

Dec 27 32 .5
Jan 3 32 2.5
10 323.7
17 324.9
24 326.0
31 327.6
1
l '1 ■ 1 ■ M

235

285

BiJJi2112

r-i" r ■

2 21
Dec

rn-r

1 11 1 15
Jan

Feb

'

~i

'

i >1

■

I

I

»

I r

Ml'1

1 15 2! 12 2S 10 20 7 21 S 1!
Mar

1992

Apr

May

Jun

■Ml ■Ml ■Ml

-f 1

2 16 30 13 27 11 25

8 22

6 20 3 17 31 H 20

Aug

Jul

Nov

Dec

1993

Sep

Oct

Jan

Feb

1994

Latest data plotted week ending: January 31, 1994
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

235

285

6

Yields on Selected Securities

Percent

Percent

Averages of Daily Figures

N

N,

* * —■

7.0

/s

«s.

--------- 1
-----

9.0

.

9.0

Corp orate
Aaa Jonde
"* ««
x.
\
N

*"

s' —

r

v—

7.0

S■

6.0

p im« Bo
L >an Rat

:k\

W! *\
•

^.

v'

V.

%
V

Munic pal Bor ds

.

—. * •**

5.0

4.0

4.0

V

3.0

3.0
Cor nmerek 1
Paper

4 18

1 15 2! 12 28 12 28 9 23 7 21

Dec Jan
1992

Feb

Mar

Apr

May

4 18 2 18 30 13 27 10 24 8 22 5 19 3 17 31 14 28 11 25
Jun

Jul
1993

Aug

Sep

Oct

Nov

Dec

Jan

Feb
1994

Latest data plotted are averages of rates available for the week ending: February 11,1994

1994

30—Day
Commercial
Paper

90-Day
CDs

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **

Nov 19
26
Dec 3
10
17
24
31
Jan 7
14
21
28
Feb 4
11 *

3.14
3.15
3.27
3.41
3.34
3.31
3.35
3.21
3.12
3.13
3.11
3.14
3.41

3.33
3.36
3.35
3.31
3.23
3.20
3.24
3.22
3.13
3.12
3.12
3.20
3.38

3.28
3.29
3.30
3.26
3.20
3.18
3.21
3.16
3.09
3.07
3.07
3.19
3.39

6.94
6.99
6.95
6.86
6.97
6.95
6.94
7.01
6.87
6.92
6.91
6.93
7.04

7.69
7.74
7.70
7.61
7.72
7.70
7.71
7.75
7.61
7.64
7.62
7.61
7.72

5.46
5.49
5.46
5.33
5.36
5.34
5.28
5.34
5.31
5.29
5.28
5.25
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

7.0

7.0

1_____
N
\

6.0
5-Year
Tcaeur t Securi ties
V
\
'

5.0

/

f s.

/

■ /' '\

\

/
5.0

t-------

j

<

>

__

\

1.0
F*d«ral
Fi jnde Ra
b
L—s }

't Z'

01

Discount Rt to

**

V

r, A|

/

3.0

3—Mon h
T ■eceury Bill

2.0

4

18 1 15 29 12 2S 12 26
Dec
Jon
Feb Mar

1992

9 23 7 21 4 18 2 16 30 13 27 10 24 8 22 5 19 3 17 31 14 28 11 25
Apr
May
Jun
Jul
Aug
Sep
Oct
Feb
Nov Dec Jan
1993
1994

Latest data plotted are averages of rates available for the week ending: February 11,1994

1994
Nov 19
26
Dec 3
10
17
24
31
Jan 7
14
21
28
Feb 4
11 *

Federal
Funds **
3.03
2.98
3.09
2.92
2.94
2.99
2.99
3.00
2.98
3.13
2.97
3.17
3.20

3-Month
Treasury
Bill

1-Year
Treasury
Bill

5-Year
Treasury
Securities

3.11
3.12
3.12
3.07
3.04
3.06
3.02
3.05
2.97
2.96
2.93
3.08
3.24

3.42
3.46
3.46
3.44
3.47
3.45
3.45
3.46
3.38
3.36
3.35
3.49
3.69

5.04
5.13
5.14
5.10
5.18
5.16
5.14
5.21
5.03
5.06
5.05
5.14
5.36

10—Year
Treasury
Securities

Long-Term
Treasury
Securities

5.71
6.20
5.83
6.30
5.80
6.25
5.71
6.14
5.82
6.26
5.79
6.24
5.77
6.22
5.85
6.30
5.69
6.15
5.74
6.17
5.74
6.16
5.80
6.18
5.96
6.34
...
- - - - - - - -in - - Federal Reserve Board's H. 15 release excluding long-term Treasury securities
rr .or - the
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

2.0

8
Money Stock (M2) and Non-M1 Components of M2
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

M2
1994

3560 ”

Billions

M2 (left scale)

Dec 27 3564.1
Jan 3 3566.4
10 3567.8.
17 3575.1
24 3573.3
31 3568.4

Non-M1 M2 (right scale)

Non-M1 M2
1994

Billions

Dec 27 2433.1 Jan 3 2436.4
10 2437.3
17 2441.9
24 2436.9
31 2431.9

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 Oct
1992

2325

22 6 20 3 17 31 14 28
Nov Dec
Jan

1993

1994

Latest data plotted week ending: January 31, 1994
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)
To the average

Compounded annual rates of change, average of four weeks ending:
2/1/93
5/3/93 6/28/93 8/2/93 8/30/93 10/4/93 11/1/93 11/29/93

ending:
6/28/93
8/2/93
8/30/93
10/4/93
11/1/93
11/29/93
1/3/94
1/31/94

1.9
2.0
1.8
1.9
1.8
2.0
2.0
2.0


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

4.5
3.5
3.3
2.9
3.0
2.8
2.8

1.4
1.9
1.6
2.0
2.0
2.0

1.7
1.3
1.9
1.9
1.9

1.7
2.4
2.3
2.2

2.1
2.0
2.1

2.8
2.6

2.0

Prepared by Federal Reserve Bank of St. Louis

Savings and Money Market Funds
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars
1250 —I-------- 1---------Savings
1994 Billions

1220

1190

Billions of Dollars

410

Dec 27 1216.8
Jan 3 1215.2
10 12 17.4
17 12 25.2
24 12 21.1
31 12 19.7

Sav

*-,

■ - V ^ .** —

.

.

/**•

350

^N

'

Mo nay Ma rkat (ri jht sea le)

1100

320
Mo ley Me rket
199 4 Sjjn ons
Dec 17

1130

34 5.4

10 351.5
17 349.3
24 348.5
31 345.5
______ I______ 1
is 21 12 20 io 24 7 21 5 1! 2 i« 3 ij 27 il 25
2I 1 10
15
1 22 i 20 3 17 31 14 2
Dec
Jan
Feb Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
1992
1993
1994Note: Savings deposits are at all depository institutions. Money market funds are general purpose
and broker/dealer.
.

290

200

.

. _
------• J/
Large and Small Time —
Deposits1

All Depository Institutions
Averages of Daily Figures. Seasonally Adjusted

Billions of Dollars

Billions of Dollars
----------1—■—i-------Small Time
1994 Billions
Dec 27 783.4
Jan 3 781.6
10 780.8

370

>4
51

Larg (Time left sc lie)

77?J.8
77' ^.8

340

940

875
*

^

"** «■* ^

Lc rge Ti me
19 S4 m lions

310

1005

Jan

3
10
17
24
31

- _.

810

* ^

339.3
340.7
342.5
342.6
338.3

Small ‘ Ime (ri ght see le)
•»

^

...l,

200

7 21

Deo

1992

4

1* 1

Jan

15

Feb

1

LT-'1 1 ■
T"n n r 1 TT T'T t V *'? ■ i ■ r'T'T r"t
7 1 ' 1 Ml'1
15 29 12 29 10 24 7 2 1 5 1 9 2 1i JO 13 27 11 25 I 22 S 20 J

Mar

Apr

May

Jun

Jul

1993

Aug

Sep

Oct

Nov

Dec

17 31 14 20

Jan

Feb

1994

Latest data plotted week ending: January 31, 1994
1 / Large time deposits are those issued in denominations of $100,000 or more.


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

Prepared by Federal Reserve Bank of St. Louis

9

745

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

Billions of Dollars

1994
Jan

5
12
19
26
■Feb 2
9

Billions
0.237
0.018
0.128
0.039
0.051
0.045

2 16 30 13 27 10 24 10 24 7 21 5 19 2 16 30 14 20 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23
Dec

Jan

Feb Mar

Apr

May

1992

Jun

Jul

Aug

Sep

Oct

Nov

Dec

1993

Jan

Feb

1994

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

Billions of Dollars

Billions of Dollars

1994
Jan

5
12
19
26
Feb 2
9

Billions
0.237 —
0.018
0.128
0.039
0.051 —
0.045

25 8 22 6 20 3 17 1 15 29 12 26 9 23
Dec
1992

Jan

Feb

Mar

Apr

May

Jun
Jul
1993

Aug

Sep

Oct

Nov

Dec

Jan
Feb
1994

Latest data plotted week ending: February 9, 1994


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

1994

______ ______

Billions of Dollars

Not Seasonally Adjusted

Billions

2 1$ 30 13 27 10 24 10 24 7 21 5 19 2 IS 30 14 28 11 25 I 22 S 20 3 17
Feb

Mar

Apr

May

Jun
Jui
1993

Aug

Sep

Oct

Nov

15 20 1! 21 0 23

Latest data plotted week ending: February 2. 1994

Commercial and Industrial Loans'7
Weekly Reporting Large Commercial Banks2/
Seasonally Adjusted

Billions of Dollars

325

Billions of Dollars

-------------- 1---------------1--------------1---------------

-------------- J--------------,—

Compounded annual
rates of change,
average of the four

315
305
295

1994

January 26, 1994 from
the four weeks ending:
Jan 27. 1993 -1.1
Apr 28. 1993 0.9
Jul 28, 1993 -1.0
Aug 25, 1993 -0.7
Sep 29. 1993 -0.1
Oct 27, 1993 0.3

Jan

29
5
12
19
26

325

Billions
278.896
277.784
278.201
280.173
279.939

315
305
295

285

285

275

275

265

■ "T ■ T t-i-i

2 16

Deo

r

r

■

1 t r

i

-l-r-T-r-l

"'"T n "'*• t r 1 rn i

1

'

1

w1 1

30 13 27 10 24 10 24 7 21 5 19 2 It 30 14 28 II 25 I 22 S 20 3 17
Jan

Feb

Mar

1992

Apr

May

Jun

Jul

1993

Aug

Sep

Oct

Nov

1 15 28 12 26 9 23
Dec

Jan

Feb

1994

Latest data plotted week ending: January 26, 1994
1/ Commercial and industrial loans include banker's acceptances and commercial paper.
2/ Banks with domestic assets greater than $1.4 billion
D
.. _ .
^ . .
Prepared by Federal Reserve Bank of St. Louis


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

11

265

Dollar’s Trade-Weighted Exchange Index
1973=100

Averages of Daily Figures

19941973=100

Feb 2

2 1$ 30 13 27 tO 24 10 24 7 21 5 1) 2 It 30 14 28
Feb

Mar

1992

Apr

May

Jun
1993

25 8 22 S 20 3 17 1 15 29 12 2S 9 23

Aug

Sep

Oct

Nov

Dec

Jan
1994

Latest data plotted week ending: February 9, 1994
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

SM3IA3U S3
Adtfdan
6