Full text of U.S. Financial Data : January 13, 1994

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

ElSe

of St, Lou£§

Wli]894

U.S. Financial Data

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77/£ WEEK’S HIGHLIGHTS:
The consumer price index (CPI) for all urban consumers increased
at a 2.5 percent annual rate during December, the same rate as in
November. For the year ending in December 1993, the CPI rose
2.7 percent, down from 3 percent in 1992.
The producer price index for finished goods decreased at a 1 percent
annual rate during December, up 0.2 percent from a year earlier.
Producer prices increased 1.6 percent in 1992.
^ The civilian unemployment rate fell to 6.4 percent in December,
down from 6.5 percent in November and 7.3 percent in December
1992. The December 1993 rate was the lowest since 6.3 percent
in January 1991.
t/ Retail sales advanced at a 10.6 percent annual rate during December,
up 6.9 percent from a year earlier. Retail sales data are not adjusted
for inflation.
✓ Consumer installment credit expanded at an 11.2 percent annual
rate in November. This was the sixth consecutive monthly increase
in credit outstanding.
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 uaiiy figures

Billions of Dollars

Oct 27

Billions of Dollars

Seasonally Adjusted

423.6

420 -Nov 'll 420.5
10 iOl A
Dec

8

422.6

Jan

5

424.9

4 18

2 18 30 13 27

Nov Dec

Jan

10 24 10 24 7 21

5 1! 2 16 30 14

Feb

May

Mar

Apr

1992

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan
1994

1993

Latest data plotted reserve maintenance period ending: January 5. 1994

«3SsM,EEWgCT
available from this bank.
Recent data are preliminary.

A#eMMorM(aiyBaw
, Compounded annual rates of change, average of two maintenance periods ending:
To the average of
l/6/93 3/31/93 6/9/93
7/7/93
8/4/93
9/1/93 9/29/93 11/10/93
two maintenance
periods ending:
6/9/93
7/7/93
8/4/93
9/1/93
9/29/93
11/10/93
12/8/93
1/5/94

11.0
9.9
10.7
10.8
10.7
10.9
10.2
9.7

13.2
13.8
13.5
12.8
12.8
11.6
10.8


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

9.9
10.5
10.2
10.8
9.6
8.7

13.9
12.4
12.4
10.6
9.5

10.6
11.4
9.4
8.3

11.3
8.8
7.6

Prepared by Federal Reserve Bank of St. Louts

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

averages ot uauy ngures

Billions of Dollars

Seasonally Adjusted

M1
1994 Billions
Nov 29 1128.4'
Dec 6 1128.3
13 1126.2
20 1133.1
27 1134.2.
Jan 3 1132.9

M1 (left scale)

1994
(right scale)

I 1( JO 1* 28 II 25 S 22 8 22 5 19 3 17 31 14 !! I! 7$
Nov
Dec
1992

Jan

Feb

Mar

Apr

May

Billions

Nov 29
Dec 6
13
20
27
Jan 3

799.0
799.4
797.5 __
803.8
804.5
801.3

9 !J S 20 4 I! 1 IS 2) II 27 10 24

Jun
Jul
1993

Aug

Sep

Oct

Nov

Dec

Jan
1994

Latest data plotted week ending: January 3, 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:
5/31/93
7/5/93
8/2/93
9/6/93
10/4/93
11/1/93
12/6/93
1/3/94

Compounded annual rates of change, average of four weeks ending:
1/4/93

10.0
9.4
10.2
10.2
10.8
10.6
10.6
10.1


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

4/5/93

15.2
15.3
14.2
14.4
13.7
13.2
12.3

5/31/93

7/5/93

8/2/93

9/6/93

10/4/93

11/1/93

I
10.5
10.5
11.6
11.2
11.0
10.2

12.7
13.6
12.5
12.1
10.9

12.8
11.6
11.3
10.1

12.4
11.7
10.0

9.9
8.2

Prepared by Federal Reserve Bank of St. Louis

4
Adjusted Reserves
Seasonally Adjusted

Billions of Dollars

1994

Billions of Dollars

Billions

Oct 27 105.9
- Nov 10 101.2
24 103.5
101.5
22 102.2
Jan 5 102.2

4 18

2 li 30 13 27 10 24 10 24

Nov Dec
1992

Jan

Feb

Mar

7 21 5 19 2 18 30 14 28 11 25 8 22 6 20 3 17 1 15 2) 12 28
Apr

May

Jun

Jul
1993

Aug

Sep

Oct

Nov

Dec

Jan
1994

Latest data plotted two weeks ending: January 5. 1994
Adjusted reserves is the difference between adjusted monetary base and currency component of M1.

Adjusted Reserves
To the average of
two maintenance
periods ending:
6/9/93
7/7/93
8/4/93
9/1/93
9/29/93
11/10/93
12/8/93
1/5/94

Compounded annual rates of change, average of two maintenance periods ending:
1/6/93

15.3
8.3
12.5
11.8
9.5
12.6
10.2
9.1


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Federal Reserve Bank of St. Louis

3/31/93

20.1
25.2
21.6
16.4
19.6
15.4
13.4

6/9/93

5.3
5.8
2.0
10.0
6.1
4.8

7/7/93

24.2
12.1
19.2
12.5
9.9

8/4/93

-1.3
12.8
6.5
4.5

9/1/93

15.3
6.4
4.1

9/29/93 11/10/93

13.1
8.0

-8.5

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier 1/
Averages of Daily Figures
Seasonally Adjusted

Ratio

3.0

Compounded annual
rates of change,
average of the four
weeks ending
January 3, 1994 from
the four weeks ending:
Jan 4, 1993 0.3
Mar 29, 1993 1.4
Jul 5, 1993 1.4
Aug 2, 1993 1.8
Aug 30, 1993 2.2
Sep 27, 1993 1.1
Nov 8, 1993 5.0

Oct 25
Nov 8
Dec

2.638
2.662

6

-

2.8

2.6

2 16 30 14 28 11 25
Nov

Dec

Jan

22 8 22 5 19 3 17 31 14 28 12 26 9 23 6 20 4 18
Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

15 2! 13 27 10 24

1992
Latest data plotted two weeks ending: January 3, 1994

2.8

1994

Currency Component of M12/
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars
326
I
1
Compounded annu al
rates of change,
average of the fou
weeks ending
• January 3, 1994 fr
320
the four weeks end ng:
Jan
4.1993
.9
Apr
5, 1993 9 .9
Jul
5,1993
.3
Aua
2.1993
.5
310
Sep 6. 1 993 8 .2
Oct 4, 1 993 5 .8
Nov 1, 1 993 7 .3

Billions of Dollars

330

320

3I0

1994
Nov 29
6
13
20
27
Jan 3
■■ l

290

■ i ■ “■ i

I1 ■ l"' 'l T''l

TT-I r* I'M! ' Ml1 T 1 ■ t

t ' t

Mi ons
32 1.3
32 0.9
320.6
321.4
321.7
323.6
r i 1. i . i

1 ' 1 ■ 1 ' 1 ■

30 U !8 II !S I 22 1 22 5 1! 3 17 31 14 21 12 26 9 23 6 20 4 18 1 15 29 13 27 U 28
Nov Dec
1992

Jan

Feb

Mar

Apr

May

Jun

Jul
1993

Aug

Sep

Oct

Nov

Dec

Jan
1994

Latest data plotted week ending: January 3, 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

6

Yields on Selected Securities

Percent

Percent

Averages of Daily Figures

9.0

* s. .

-*“s

"s

9.0

Corp orate
Aaa kinds

_ ** - ■\
~--

\
v « unicfpol Bonds
s_
\

*■»»

.

^

7.0

' v" •

7

*

P tme Ba
L >an Rat

— •«*

t

6.0

w' •

N

\

^ “s./ ,

--- \

— **

f

5.0

V

-J
3.0

3.0
Cornmercic I
Paper

t 20 4 1t t IS 29 12 29 12 If 9 23 7 21 9 II 2 IS 30 13 27 10 24 8 22 5 19 3 17 31 14 21
Nov Dec
1992

Jan

Feb

Mar

Apr

May

Jun

Jul
1993

Aug

Sep

Oct

Nov

Dec

Jan
1994

Latest data plotted are averages of rates available for the week ending: January 14, 1994

1994
Oct 22
29

Nov

5

12
19
26
Dec 3
10
17
24
31
Jan 7
14 *

90-Day
CDs

30-Day
Commercial
Paper

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **

3.23
3.29
3.36
3.36
3.33
3.36
3.35
3.31
3.23
3.20
3.24
3.22
3.13

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

3.18
3.24
3.31
3.30
3.28
3.29
3.30
3.26
3.20
3.18
3.21
3.16
3.08

6.63
6.73
6.87
6.92
6.94
6.99
6.95
6.86
6.97
6.95
6.94
7.01
6.87

7.26
7.38
7.57
7.65
7.69
7.74
7.70
7.61
7.72
7.70
7.71
7.75
7.61

5.20
5.31
5.45
5.46
5.46
5.49
5.46
5.33
5.36
5.34
5.28
5.34
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

2.0

Selected Interest Rates

Percent

Percent

Averages of Doily Figures

Latest data plotted are averages of rates available for the week ending: January 14. 1994

1994
Oct 22
29
5
12
19
26
Dec 3
10
17
24
31

Federal
Funds **

3-Month
Treasury
Bill

6—Month
Treasury
Bill ***

5—Year
Treasury
Securities

Long-Term
Treasury
Securities

3.04
3.14
3.27
4.69
5.82
3.06
3.19
3.32
4.82
5.95
3.08
3.25
3.40
5.03
6.13
3.10
3.28
3.39
5.04
6.17
3.11
3.26
3.42
5.04
6.20
3.12
3.30
3.46
5.13
6.30
3.12
3.26
3.46
5.14
6.25
3.07
3.27
3.44
5.10
6.14
3.04
3.26
3.47
5.18
6.26
3.06
3.25
3.45
5.16
6.24
3.02
3.21
3.45
5.14
6.22
Jan 7
3.05
3.29
3.46
5.21
6.30
14 ♦
2.98
3.18
3.37
4.99
6.12
Cun-ent 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
Nov

2.97
2.97
3.04
2.96
3.03
2.98
3.09
2.92
2.94
2.99
2.99
3.00
2.98

1—Year
Treasury
Bill


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

M2
1994
Nov 29
Dec 6
13
20
27
Jan 3

Billions
3549.6
3558.3
3557.0.
3557.7
3551.0
3558.4

M2 (left scale)

Hon-441 M2 (right scale)
Non-M1 M2
1994 Billions
Nov 29 2421.2
Dec 6 2430.0
13 2430.8
20 2424.6
27 2416.8
Jan 3 2425.5

2

16 30 14 28 11 25 8 22 8 22 5 19 3 17 31 14 28
Nov
Dec Jan Feb Mar
Apr May
Jun
1992

12 26 9 23
Jul
Aug

6 20 4 18 1 15 29 13 27 10 24
Sep Oct
Nov Dec Jan

1993

1994

Latest data plotted week ending: January 3, 1994
Current data appear in the Federal Reserve Board's H.6 release.
M2 is the sum of Ml, 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
lotne average
of four weeks
ending:
5/31/93
7/5/93
8/2/93
9/6/93
10/4/93
11/1/93
12/6/93
1/3/94

Compounded annual rates of change, average of four weeks ending:
1/4/g3 4/5/93 5/31/93 7/5/93
8/2/93
9/6/93
10/4/93 11/1/93

0.8
0.9
1.2
1.2
1.5
1.4
1.8
1.7


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

4.6
4.1
3.5
3.7
3.1
3.4
3.2

2.0
1.8
2.4
1.9
2.5
2.4

1.9
2.8
2.0
2.8
2.5

2.9
1.9
2.8
2.5

2.1
3.3
2.8

Prepared by Federal Reserve Bank of St. Louis

Savings and Money Market Funds
Averages of Daily Figures
Seasonally Adjusted

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

410

Nov 29 1214.4
Dec 6 1217.6
13 121 9.8
20 121 8.1
27 125 0.1
Jan 3 121 7.6

1220

mo

Billions of Dollars

380

Savtni • Depo•Ota (left scal« )

350
““ ■■

“*

> ^ — ■" *“ N,

mm

^

/' . *

' *“ \

4

_* s

-4*

1160

320

Mot ey Mar ret (rig it seal 0

Mo ney M arket
1994 Bill! ons
Nov 29
Dec b
13
20
27
Jan 3

1130

1100

II 30 14 21 11 25 1

Nov Dec
1992

Jan

22 1 22

Feb

Mar

5

19

Apr

3

17 31 14 21 12 26

May

Jun
Jul
1993

9 23

i 20

Aug

Sep

4

33 8.5
337.9
340.8
339.6
339.0
341.4
I

_

11

15 29 13 27 10 24

Oct

Nov

Dec

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

290

2(0

Jan
1994

Large and Small Time Deposits1/
Billions of Dollars
^

.
All Depository Institutions
Averages of Daily Figures, Seasonally Adjusted

Billions of Dollars

1
1
Small Time
1994

370
S.______ (

340

1
P

Larj

Billions

Nov 29
Dec 6
13

786.6
785.6
784.5

27
3

78 2.9
78 2.9

Jan

(left s :ale)

1005

940

875

-—

53

rge Tinn©
A Bill ons
»m

i

280

j

310

Dec

6
13
20
27
Jan 3
■i -|~i 1 ' r

334.0
332.9
331.9
331.1
333.3
' J' l ' 1

‘

i » i TT r 1" T'r' 1 ' m' ■ L' t » r L' i ■ i

2 14 30 14 21 11 25 I 22 1 22 5 H 3 17 31 14 21 12 21
Nov
Dec
1992

Jan

810

Small T me (rl ght sea le)

Feb

Mar

Apr

May

Jun
Jul
1993

^

i ■ i ' i ' 1 r

9 23 6 20 4 II 1 15 29 13 2) 10 24
Aug Sep

Oct

Nov

Dec

Jon
1994

Latest data plotted week ending: January 3,1994
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 Keserve banks
Averages of Daily Figures

Billions of Dollars

Billions of Dollars

1994

4 II 2 IS 30 13 27
Nov

Dec Jan

10 24 10 24 7 21 5 19

2 16 30 14

Feb

Jun

Mar

Apr

May

1992

Jul

28 11 25 8 22
Aug

Sep

Billions

Dec 8
15
22
29
Jan 5
12

0.038
0.058
0.060
0.045
0.237
0.018

6 20 3 17
Oct

1 15 29 12 26

Nov

Dec

1993

Jan

1994

Adjustment + Seasonal Borrowings
from federal Keserve banks
Averages of Daily Figures

Billions of Dollars

Billions of Dollars

1994
Dec 8
15
22
29
■Jan 5
12

4 18 2 16 30 13 27
Nov
Dec Jan
1992

Billions
0.036 —
0.058
0.060
0.045
0.237 —
0.018

10 24 10 24 7 21 5 19 2 16 30 14 28 It 25 8 22 6 20 3 17 1 15 29 12 26
Feb

Mar

Apr

May

Jun

Jul
1993

Aug

Sep

Oct

Nov

Dec

Jan
1994

Latest data plotted week ending: January 12, 1994


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

Prepared by Federal Reserve Bank of St. Louis

Commarcial Paper at Nonfinanciai Companies
Not Seosonolly Adjusted

Billions of Dollars

1884
Dsc

4

Billions of Dollars

Billions

1

II 2 It tt 13 n 10 24
Nov
Doc Jan
Feb
1992

10 24 7 21 5 1) 2 16 30 14 28 11 25 8 22 I 20 3 17
Mar
Apr May
Jun
Jul
Aug
Sep Oct
Nov
1993

1

15 29 12 2$
Dec
Jan
1994

Latest data plotted week ending: January 5, 1994

Commercial and Industrial Loans’7
Wsekly Reporting Large Commercial Bonks2/
Seasonally Adjusted

Billions of Dollars
i
i
r
125
Compounded annual
rates of change,
average of the four

315

1993
|_Nov 24
Dec 1
8
15
22
29

December 29, 1993 from
the four weeks ending:
Dec 30. 1992 -2.5
Mar 31, 1993 -1.3 _
Jun 30, 1993 -1.7
Jul 28, 1993 -0.7
Sep 1, 1993 0.0
Sep 29, 1993 -0.9
OC1 2/, 1 383 —L

105
295

Billions of Dollars
--------- 1----------1-------- 325
Billions
273.765
274.114
271.997
273.889
273.406
270.850

315
305
295

285

2B5

275

275

265

4

1 i T r T*f 1T rf-T-fi 1 ■ 1

18 2 16 30 13 23
Nov
Dec Jan
1992

1r ■ i «

10 24 10 24 7 21 5 18
Feb Mar Apr May

‘■Ml TT 11 i i ■ Vi r»
Mil ‘■III

2 16 30 14 28 11 25 8 22
Jun
Jul
Aug Sep
1993

■ r ■ r ‘i i i ■

6 20 3 17 1 15 29 12 26
Oct
Nov Dec
Jan
199+

Latest data plotted week ending: December 29, 1993
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

265

Dollar's Trade-Weighted Exchange Index
1973=100

Averages of Daily Figures

Dec 8

Latest data plotted week ending: January 12, 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

2

o
h
*3

J

O
OS

<

m q«