Full text of U.S. Financial Data : February 23, 1995

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

of St Louis
THE

U.S. Financial Data

uniitvi.
A KISIKY1
>5 ItWKol

si. i of is

THE WEEK'S HIGHLIGHTS:
✓ The goods and services trade deficit measured $7.3 billion in
December 1994, down $2.7 billion from November’s deficit. For 1994,
total exports were up 8.5 percent, while total imports rose 12.1 percent,
resulting in a trade deficit of $108.1 billion — the largest since 1988.
✓ Initial unemployment insurance claims totaled 349,000for the week
ending February 18, up 24,000from four weeks earlier but down
26,000 from a year earlier.
>/ Long-term Treasury securities yielded 7.63 percent for the week
ending February 24, down 30 basis points from four weeks earlier
and down 43 basis points from 12 weeks earlier (see page 7).
✓ Commercial and Industrial (C&I) loans at all banks have increased
at a 32.1 percent annual rate over the six weeks ending on February 8,
up strongly from the 8.4 percent rate that prevailed over the previous
six weeks (see page 11). Measured from a year earlier, C&I loans
have risen 12.7 percent.
The adjusted monetary base, adjusted reserves and the money
multiplier series have been revised to incorporate seasonal
factor adjustments.

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
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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 ot Daily Hgures
Seasonally Adjusted

Billions of Dollars

1995

Billions of Dollars

Billions
455.3

_ Jan

4

Feb

1

456.5
459.1
461.8

5 19 2 II 2 1$ 30 13 27 11 25
Feb

Mar

Apr

May

22 6 20 3 17 31 14 28 12 28 ! 23 7 21 4 II 1 15 1 15 28

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Feb

Mar

1995
Latest data plotted reserve maintenance period ending; February 15, 1995
The adjusted mon>
currency in c---adjustment f
Reserve credit. Data are
available from this bank.
Recent data are preliminary.

serve banks,
and an
_____, _ ase is Federal
monetary base is

Adjusted Monetary Base
To the average of
two maintenance
periods ending:
7/20/94
8/17/94
9/14/94
10/12/94
11/9/94
12/21/94
1/18/95
2/15/95

Compounded annual rates of change, average of two maintenance periods ending:
2/16/94 5/11/94 7/20/94 8/17/94 9/14/94 10/12/94 11/9/94 12/21/94

7.1
7.0
6.8
6.7
6,4
6.2
6.3
6.5


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

7.8
7.4
7.2
6.7
6.3
6.5
6.7

6.0
6.0
5.5
5.2
5.6
6.1

6.0
5.3
5.1
5.6
6.1

5.0
4.8
5.5
6.2

4.3
5.4
6.2

5.9
6.8

8.6

Prepared by Federal Reserve Bank of St Louis

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

Billions of Dollars
1180 --------- 1-----M1
1995 Billions
Jan 9 1149.6
16 1151.7­
23 1149.1
30 1147.1
Feb 6 1150.3
13 1146.6

Billions of Dollars

(left scale)

(right scale)

1995
Jan

TCD
Billions

9
16
23
30
Feb 6
13

3 17 31 14 21 14 21 11 25
Jan

Feb Mar

Apr

9 23 f 20 4 18
May

785.2
785.9
782.2
779.2
782.7
779.8

1

Jun

Jul
1994
Latest data plotted week ending: February 13, 1995

Feb
1995

Mar

Current data appear in the Federal Reserve Board's H.6 release.
M l 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
2/14/94 5/16/94 7/11/94 8/15/94 9/12/94 10/10/94 11/14/94 12/12/94
of four weeks
ending:
7/11/94
8/15/94
9/12/94
10/10/94
11/14/94
12/12/94
1/16/95
2/13/95

3.0
3.1
2.5
2.0
1.3
1.5
1.3
1.2


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Federal Reserve Bank of St. Louis

3.6
2.5
1.7
0.7
1.1
0.8
0.7

1.2
0.4
-0.7
0.1
-0.1
-0.1

-1.3
-2.1
-0.8
-0.8
-0.7

-2.5
-0.7
—0.B
-0.6

Prepared by Federal Reserve Bank of St. Louis

4
Adjusted Reserves
Seasonally Adjusted

Billions of Dollars

1995
Dec

Billions of Dollars

Billions

7 101.2

21

100.6

4
18
Feb 1
15

101.6
102.4
101.0
103.0

Jan

5 19 2 II 2 IS 30 13 27 II 25 8 22 6 20 3 17 31 14 28 12 28 9 23 7 21 4 18 1 15 1 15 29
Jan Feb

Mar

Apr

May

Jim

Jul

Aug

Sep

Oct

Nov

Dec

Jan

1994

Feb

Mar

1995

Latest data plotted two weeks ending: February 15, 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:
ro the average Of 2/16/94 5/11/94 7/20/94 8/17/94 9/14/94 10/12/94 11/9/94 12/21/94
two maintenance
periods ending:
7/20/94
8/17/94
9/14/94
10/12/94
11/9/94
12/21/94
1/18/95
2/15/95

-4.0
-3.9
-3.1
-2.9
-4.4
-4.9
-3.4
-3.1


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Federal Reserve Bank of St. Louis

0.7
1.1
0.7
-2.1
-3.3
-1.4
-1.3

-0.6
-0.8
-4.9
-5.8
-2.9
-2.5

0.6
-5.3
-6.3
-2.7
-2.3

-9.1
-8.7
-3.9
-3.2

-11.5
-4.6
-3.6

0.5
0.4

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier1/
Averages of Daily Figures
Seasonally Adjusted

Ratio

3.2

.

2.8

Ratio

1
1
Compounded annu
rates of change,
average of the fou
weeks ending
February 13. 1995 from
the four weeks enc
Feb 14. 1994 - 5.1
May 9, 1994 - 5.6
Aug 15. 1994 - 3.6
Sep 12. 1994 - 3.5
Oct 10. 1994 —<3.4
Nov 7, 1994 - 3.0
Dec 19. 994 —!3.2

I

3.2

I

1995

Ratio

Dec 5
19

2.525
2.525

16
30
Feb 1 3

2.5 07
2.4 96
2.4 87

2.8

2.6

2.4

3

2.6

3 17 31 14 21 14 21 II 26 S 2! 1 21 4 11 I IS 29 12 2$ 10 24 7 21 S 19 2 16 30 13 27 13 27
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oat

Nov

Dec

Jan

Feb

1994

2.4

Mar

1995

Latest data plotted two weeks ending: February 13, 1995

Cunency Component of M12/
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

365

355

345

■

Billions of Dollars

365

I
I
Compounded annu al
rates of change,
average of the fou
weeks ending
February 13, 1995
the four weeks enc ing:
Feb 14. 1994
3.7
May 16. 1994
3.1
Aug 15. 1994
3.7
SeD 12. 1994
3.0
Oct 10. 994
3.2
Nov 14, 994
3.6
Dec 12. 994
3.4

355

345

335

335
1995
Jan

325
Feb

3I5

r,T"i ■

1 l 1

TTT Wtt

l 1 l

Ti 1

1 ' 1

Billiemi

16
23
3D
13

35S .9
35“ .5
358.5
359.5
359.2
358.3

1 ' l '

3 17 31 14 21 14 21 11 25 9 23 6 20 4 II 1 15 29 12 26 10 24 7 21 5 19 2 16 30 13 27 I] 27
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

1994

Oct

Nov

Dec

Jan

Feb

Mar

1995

Latest data plotted week ending: February 13, 1995
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

325

315

6
YieldsAverages of Daily Figures
on Selected Securities

Percent

Percent

.Municipal Bonds.

7 21 4 II 4 II 1 IS 29 13 27 10 24 0 22
Jan

Feb

Mar

Apr

16 30 14 20 11 25 9 23

May

Sep
Oct
Nov
Dec
Jan
1994
Latest data plotted are averages of rates available for the week ending: February 24, 1995

1994
Dec

2
9
16
23
30
Jan 6
13
20
27
Feb 3
10
17
24 *

1995

30—Day
Commercial
Paper

90-Day
CDs

90—Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **•
♦

5.79
6.09
6.12
6.05
6.06
5.85
5.75
5.82
5.94
6.08
6.03
6.07
6.06

6.08
6.28
6.30
6.26
6.36
6.36
6.20
6.22
6.22
6.22
6.16
6.17
6.13

5.99
6.17
6.20
6.14
6.23
6.21
6.09
6.12
6.10
6.11
6.05
6.05
6.00

8.57
8.47
8.46
8.45
8.43
8.49
8.46
8.44
8.49
8.33
8.28
8.26
8.26

9.21
9.11
9.10
9.08
9.08
9.13
9.10
9.06
9.10
8.92
8.87
8.85
8.85

6.90
6.88
6.77
6.74
6.71
6.66
6.53
6.44
6.49
6.40
6.18
6.18
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


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Federal Reserve Bank of St. Louis

Selected Interest Rates

Percent

Percent

Averages of Daily Figures

S.O r-

-i 9.0

—------------------- -------------------- -------------------- ------------------------------ -------------------- ---------- --------- ---------5-Year
Treasury Securitise

7.0
> v

/

(.0

5.0
3-Month
Treasury Bill

4.0

-Federal-

Funds Rate

Discount Rate

5.0

7 21

4 It 4 II i 15 21 li 27

10 24 i 22 5 10 2 If JO 14 20 11 25 9 23 6 20 J 17 1 17 31

Jan

Feb

Jun

Mar

Apr

May

Jul

Aug

Sep

Oct

Nov

Dec

Jan

1994

Feb

Mar

1995

Latest data plotted are averages of rates available for the week ending: February 24, 1995

1994

Federal
Funds **

3—Month
Treasury
Bill

1 -Year
Treasury
Bill

5-Year
Treasury
Securities

10-Year
Treasury
Securities

Long-Term
Treasury
Securities

Dec

2
9
16
23
30
Jan 6
13
20
27
Feb 3
10
17
24 *

5.85
5.53
6.45
7.79
7.89
8.06
5.47
5.70
6.62
7.74
7.79
7.95
5.48
5.66
6.73
7.78
7.82
7.96
5.56
5.49
6.66
7.79
7.82
7.95
5.45
5.52
6.74
7.81
7.81
7.93
5.40
5.67
6.74
7.86
7.86
7.99
5.53
5.66
6.66
7.80
7.80
7.95
5.45
5.70
6.58
7.73
7.74
7.90
5.42
5.77
6.50
7.74
7.78
7.93
5.63
5.82
6.43
7.54
7.62
7.78
5.95
5.79
6.37
7.47
7.56
7.72
5.93
5.75
6.29
7.40
7.48
7.67
5.94
5.72
6.18
7.28
7.39
7.63
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


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

7

1.0

8

Billions of Dollars

Money Stock (M2) and Non-M1Figures
Components of M2
Averages of Daily

Billions of Dollars

Seasonally Adjusted

M2
1995 Billions
Jan 9 3621.7
16 3627.9
23 3628.1.
30 3622.6
Feb 6 3627.8
13 3623.3

M2 (left scale)

M2 (right scale)

Non-M1 M2
1995 Billions
Jan

9
16
23
30
Feb 6
13

2472.1
2476.2
2479.0
2475.5
2477.5
2476.7

3 17 31 U 28 H 28 II 25 9 23 6 20 4 18 1 15 23 12 26 10 24 7 21 5 19 2 16 31 13 27 13 27
Jan

Feb

Mar

Apr

May

Jun
Jul
1994

Aug

Sep

Oct

Nov

Dec

Jan

Feb
1995

Mar

Latest data plotted week ending: February 13, 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 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)
T
Compounded annual rates of change, average of four weeks ending:
lotne average 2/14/g4 5/16/94 7/11/94 B/15/94 9/12/94 10/10/94 11/14/94 12/12/94
of four weeks
ending:
7/11/94
8/15/94
9/12/94
10/10/94
11/14/94
12/12/94
1/16/95
2/13/95

1.4
1.5
1.1
0.9
0.6
0.8
0.9
1.0


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

1.2
0.5
0.4
-0.1
0.4
0.6
0.7

0.4
0.2
-0.4
0.2
0.6
0.7

-0.9
-1.3
-0.3
0.3
0.5

-1.2
0.1
0.7
0.9

0.3
1.0
1.1

Prepared by Federal Reserve Bank of St. Louis

Savings and Small Time Deposits
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars
1300 ---------1---------1---------Savings
1995 Billions
Jan

1995
Jan

Billions

9

824.9

23
30
Feb 6
13

Saving • Depo stts(lef scale'

I

1133.7
1131.4
11 28.3
11 24.2
11 18.7
11 14.5

: q n o in

1200

9
16
23
30
Feb 6
13

Billions of Dollars

----- 1-----,---- 055
Small Time
83t
83<
84.
84f

1220

915

875
/

1100

835

✓

Sm ill Tim* (right scale)

1100

1100

705

J 17 31 10 21 10 !l
Jan

Feb

11 !5 9 23 f 70 0 18 1 15 1! 17 3f 10 20 7 21 5 1! 2 10 30 13 27 13 2)

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

1994

755

Mar

1995

Note: Savings deposits are at all depository institutions.

Large Time Deposits and Money Market Funds1 /
All Depository Institutions
Averages of Daily Figures, Seasonally Adjusted

Billions of Dollars

005

020

I
Large
1995
Jan 9
16
23
30
Feb 6
13

Billions of Dollars

I
Time
Billions
357.3
359.4
3 63.3
3 66.1
3 65.8
3 67.7

1
1
Money Market
1995 Billions
Jan

9

391.9

23
30
Feb 6
13

395 .9
395 .6
395 ..5
39^ .3

-

305
Morn y Mark •t
✓— X

370

X- ‘ x

020

395

x- -*

'—

370

/
-'x

005

*

_M>

305

305
Largi Tima

L_

320

3 17 31 10 21 10 21 II 25 ) 13 i 20 0 11
Jan

Feb

Mar

Apr

May

Jun

Jul
1994

I 15 2) 12 2i II 20 7 21 5 19 2 II 30 13 27 13 27
Aug

Sep

Oct

Nov

Dec

Jan

Feb Mar
1995

Latest data plotted week ending: February 13, 1995
1/ Large time deposits are those issued in denominations of $100,000 or more.
Money market fund, are general purpoe. and broker/dealer.
pr(.pared by F#d,ra| R,serV)J B(mk of $t ^


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

9

320

10
Total Borrowings

From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

1995

Billions

Jan 18
Feb 1
8

0.079
Oil 38
0.052

22

Billions of Dollars

0.064

V5 2 rV J1 31 I3 ” " !5
Jan
Feb Mar
Apr May

8 a I a 3 1! 11 H » I! U ) 23 j 1,

i li " 15" ' 1S ‘ M

Jun^Jul

Jan

Aug

Sep

Oct

Nov

Dec

Feb

Mar

.ad/.ustmBrrt and <Nrt«nded credit; extended credit was $19 million in thVwe^k ending
week ending July 20, 1994 and was zero in the other weeks shown

Bank Loans and Credit ,,

All Commercial Banks in the United States1^
Seasonally Adjusted

Billions of Dollars
Bank
1995
Jan 4
11
18
25
Feb 1
8

Credit
Billions
3334.7'
3345.9
3348.0
3362.7
3358.2­
3349.8

.Bank Credit (left scale)

Loans and

(right scale)

Jan
Feb Mar
Apr
May
Jun
Jul
Aug
Sep
1994
Latest Wednesday data plotted : February 8, 1995
Current data appear in the Federal Reserve Board's H.8 release
1 / ncludes foreign-related institutions
2/ Includes loans and leases and securities


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

Billions of Dollars

Oct

Loans<5cLeases
. 1995 Billions__
Jan 4 2390.3
11 2398.0
18 2398.8
25 241 2.7__
Feb 1 2418.9
8 2411.9

I 15 I IS 2)
Feb
1995

Mar

Prepared by Federal Reserve Bank of St. Louis

-t

r

Commercial Paper of Nonfinancial Companies

Billions of Dollars

1995

_____ ______ ______

Billions of Dollars

Not Seasonally Adjusted

Billions

167.462

5 1! 2 If 2 II 30 13 27 11 25 8 22 6 20 3 17 31 H 28 12 21 9 23 7 21
Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

18 1 IS 1 15 29

Latest data plotted week ending: February 15. 1995

Commercial and Industrial Loans

Billions of Dollars

sso
6(0

640

Billions of Dollars

350

-------- 1---------1--------All Banks
1995 Billions
Jan 4 648.6
11 653.7
18 657.5
25 661.9
Feb 1 667.9
8 667.5
_____ I______

i

3

•» __-«* «**

*

310

/*

tanks right s :ale)

620

✓

"

"■

290

vs

600

580

Lar ge
1225
Jan 4
11
18
25
Feb 1
8

3cale)^ /
A 1 Bank I (left

l"T 1 '

i |-r

Mar

I1 1 f »" "1 ' 1

' 1 '

Feb

330

/ 4
t»
/ /
/X

^T' 1

r ■ i r

Ba nks
EMons
31 6.7
31 9.5
32 1.2
32 3.3
32 6.6
32 5.3

u

5 19 2 1$ 2 16 30 13 27 11 25 8 22 6 20 3 17 31 14 21 12 26 9 23 7 21 4 18 1 15 1 15 29
Jan

Apr

May

Jun
Jul
Aug
Sep
1994
Latest Wednesday data plotted : February 8. 1995
Current data appear in the Federal Reserve Board's H.8 release.
1/ Includes foreign—related institutions
2/ Weekly reporting, domestically chartered banks


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Federal Reserve Bank of St. Louis

11

Oct

Nov

Dec

Jan

Feb
1995

Mar

Prepared by Federal Reserve Bank of St. Louis

270

250

Dollar’s Trade-Weighted Exchange Index

1973-100

1973-100

Averages of Daily Figures

1225 1973-100
Feb 1

5 IS 2 11 2 11 30 13 27 11 25
Jan

Feb

Mar

Apr

May

22 I 20 3 17 31 14 28 12 21 $ 23 7 21 4 18 1 15 1 15 2)

Jun
Jul
1994

Aug

Sep

Oct

Nov

Dec

Jan

Feb
1995

Mar

Latest data plotted week ending: February 22. 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


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Federal Reserve Bank of St. Louis