Full text of U.S. Financial Data : July 16, 1992

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

■serve B«nk

JUL 2

o

1111
HIUK\I
J KI SI KM
ItAMvoi
S'I.IjOI in

THE WEEK'S HIGHLIGHTS:
^ Seasonally adjusted retail sales rose at an annual rate of 5.9 per­
cent in June, after increasing at a 4.8 percent rate in May. Since
June 1991, retail sales have risen by 3.3 percent, with durables up
6.2 percent and nondurables up 1.8 percent. Retail sales data are
not adjustedfor inflation.
✓ The consumer price index for urban consumers (CPI-U) rose at an
annual rate of 3.5 percent in June, compared to 1.7percent in May
Consumer prices have increased at a rate of 3.1 percent during the

✓ The producer price indexforfinished goods climbed at an annual
rate of 3 percent in June, following a 5 percent rate of increase in
May. During the past six months, the finished goods PPI has risen
at an annual rate of 2 percent.
Total industrial production fell at a 4.3 percent annual rate in
June, after rising for four consecutive months. Over the past six
months, production has increased at an annual rate of 1.5 percent.

Views expressed do not necessarily reflect official positions of the Federal Reserve System.
KS. 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)

$18

Two years (100 issues)

$30

To subscribe, please send your check or money order made payable to the Federal Reserve Bank

Sea^h and

n
,
PubHc 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 m U.S. dollars and, except for those from Canada, must be drawn on a U.S. bank.


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

2
Adjusted Monetary
Billions of Dollars

Averages of Daily Figures

375

365

I

I

1992

Billions

Apr 29
May 13

361.2
362.4

0
4
8

36 3.1
36 4-.3
36 2.8

Jun
Jul

3(5

555
355

345

345

335

335

» i *1 •i i

15 1! t! !S 11 24
May
Jun
Jul

7 21
Aug

r- 1 1 T~

*1 '"T"1 'i

I 'r-r

4 II z IS 11 11 II n u c u i n .
Sep
Oct
Nov
Dec
Jan
Feb Mar

I'M

• r

tt

“ ■■ ••
^Apr^ May

i r ~r

Jun

i • iJ

Jul

1991
Latest data plotted reserve maintenance period ending: July 8, 1992
Federal

UI VUIV UVM

available from ,this bank.
Recent data are preliminary

Adjusted Monetay Base
Compounded annual rates of change, average of two maintenance periods ending:
To the average Of 7/10/91
10/2/91 12/11/91
1/8/92
2/5/92
3/4/92
4/1/92
5/13/92
two maintenance
periods ending:
12/11/91
1/8/92
2/5/92
3/4/92
4/1/92
5/13/92
6/10/92
7/8/92

8.0
7.6
7.8
9.6
8.8
8.8
8.6
7.9


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

7.5
7.9
10.7
9.4
9.2
9.0
8.0

7.1
12.5
9.9
9.6
9.2
7.8

16.5
11.7
10.6
9.9
8.3

12.8
11.0
10.1
8.1

6.1
6.4
4.8

7.9
5.5

Prepared by Federal Reserve Bank of St. Louis

325

Money Stock (M1) and Total Checkable Deposits
Billions of Dollars

Averages of Daily Figures

~i

i—

690

M1
1992

Billions

950 - Jun

1
8
15
22
29
Ju
6

930

\

958.4
56.0
53.1
49.1
9 49.2
9 60.4

f
(70

(50

910

//
//

✓“
✓ y.

TCD (r ght sc □le)

890

-----^

_v*

870

(30

^^-

Ml (1 sft

(10

seal e)

r-"

t
1992

850

830 r» i »
May

rt i

i■

Jun

-*"'1 ' i*
Jul

T 1 1
AU?

Sep

T

■

I I*!

r»

Oct

i »
Nov

1 1 ' 1
Dec

T

i i i
Jan

590

TCD
Billions

Jun

675.2

15
22
29
Jul 6

669.0
665.0
665.4
675.2

— 570

550
Feb

Mar

yi
Latest data plotted week ending: July 6, 1992

Apr

May ’ JuV* Jul”

1992

Current data appear in the Federal Reserve Board's H.6 release.
checks1’' 3Um °f CUrT‘nCy h"d by the n°nb<1"k Public.

deposits, other checkable deposits and travelers

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

7/8/£?mp10nuLd/®‘! “""“fj ,r,f,tes ,°Lc,han9s' avera9e of four weeks ending:
/7/91
12/9/91
1/6/92
2/3/92
3/9/92
4/6/92
4/6/92
5/4/92

ending:
12/9/91
1/6/92
2/3/92
3/9/92
4/6/92
5/4/92
6/8/92
7/6/92

10.1
9.8
11.3
13.5
12.8
12.2
12.2
11.0


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

12.5
14.6
17.5
15.7
14.5
14.1
12.3

14.6
19.6
16.4
14.5
14.0
11.6

25.1
19.0
16.1
15.1
12.2

17.9
14.5
13.7

8.6

10.6

5.9

6.7
9.7
5.8

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves

1992
Apr
May
7
_ Jun

29
13
27
10
24
Jul 8"

Billions of Dollars

Seasonally Adjusted

Billions of Dollars

Billions
87.5
87.9
89.3
87.4
88.1
86.2

u 2< ; It t U ! 18 JO I! 27 11 IS 8 22 S
May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Feb

4 18 1
Mar

Apr

May

Jun

Latest data plotted two weeks ending: July 8, 1992
Adjusted reserves is the difference between adjusted monetary base and currency component of M1.

Adjusted Reserves
OnmDounded annual rates of change, average of two maintenance periods ending:
2/5/92
3/4/92
4/1/92
0/10/92
To the average of 7/10/91 10/2/91 12/11/91 1/8/92

two maintenance
periods ending:
12/11/91
1/8/92
2/5/92
3/4/92
4/1/92
5/13/92
6/10/92
7/8/92

9.2
7.5
7.4
14.5
13.6
13.5
13.3
10.7


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

9.1
8.6
19.7
17.5
16.6
15.9
12.2

2.4
24.9
19.9
17.9
16.8
11.7

40.6
28.1
22.7
20.5
13.9

40.4
27.8
23.8
15.3

10.0
10.3
3.7

3.0

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier 1/
Averages of Daily Figures
Seasonally Adjusted

Ratio

Compounded annual
rates of change,
average of the four
weeks ending
July 6, 1992 from
the four weeks ending:
Jul 8, 1991
2.7
Sep 30, 1991
3.8
Jan 6. 1992 3.6
Feb 3. 1992 2.2
Mar 2, 1992
1.8
Mar 30, 1992 -04
May 11, 1992 0.0

6

20 3 17 1 15 29 12 20
May
Jun
Jul
Aug

Apr 27

May 11

9 23
Sep

7

21
Oct

4

18 2 10 30 13 27 10 24
Feb
Nov
Dec
Jan

9 23
Mar

6

Jun

8

Jul

6

20 4 10
Apr
May

2.613
2.630
2.61 6
2.636
2.61 1
2.632

15 2! 13 27
Jun
Jul

1992

1991
Latest data plotted two weeks ending: July 6, 1 992

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
July 6, 1992 from
the four weeks ending:
Jul 8, 1991
7.1
6.6
Oct 7, 1991
Jan 6, 1992 6.6
Feb 3, 1992 6.1
Mar 9, 1992 5.4
Apr 6, 1992 6.6
May 4. 1992 5.6

1992

Billions
276.2
276.1
275.9
277.3

0

20 3 17 1 15 29 12 20
Jul
Aug
May
Jun

9 23 7 21
Sep
Oct

4

18
Nov

10 30 13 27 10 24
Feb

9 23
Mar

6

20 4 18
Apr
May

15 29 13 27

1992
Latest data plotted week ending: July 6, 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

Percent

Averages of Daily Figures

-Corporate

Loan Rote

3

17 31 14 28 12 26 9 23 6 20 4 18
May
Jun
Jul Aug Sep
Oct
1991

1

15 26 13 27 10 24
Nov Dec
Jan

7 21 E 20
Feb Mar

3 17 1 t5 29 12 26 10 24
Apr
May
Jun
Jul
1992

Latest data plotted are averages of rates available for the week ending: July 17, 1992

1992

90-Day
CDs

30-Day
Commercial
Paper

90-Day
Bankers'
Acceptances

3.96
3.92
3.85
3.77
3.78
3.89
3.91
3.86
3.83
3.84
3.75
3.37
3.35

3.95
3.92
3.88
3.85
3.83
3.92
3.94
3.91
3.89
3.89
3.80
3.45
3.43

3.87
3.82
3.77
3.71
3.74
3.84
3.84
3.81
3.79
3.79
3.66
3.33
3.29

Apr 24

May

1

8
15
22
29
Jun
5
12
19
26
Jul
3
10
17 *

Corporate
Aaa Bonds
8.33
8.37
8.35
8.27
8.23
8.25
8.24
8.24
8.22
8.20
8.16
8.08
8.09

Corporate
Baa Bonds
9.24
9.23
9.20
9.12
9.07
9.11
9.09
9.08
9.02
9.02
8.98
8.89
8.90

Municipal
Bonds **
6.68
6.69
6.64
6.54
6.51
6.58
6.57
6.52
6.46
6.42
6.38
6.17
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


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

Prepared by Federal Reserve Bank of St. Louis

Selected Interest Rates
Percent

Percent

Averages of Daily Figures

5-Year

-Treasury Securities—^*

Discount Rate

3

17 31 14 28 12 28 J 23
May
Jun
Jul
Aug

6 20 4 18
Sep
Oct

1

15 28 13 27 10 24
Nov
Dec
Jan

7 21
Feb

8 20 3 17 1 15 29 12 26 10 24
Mar
Apr
May
Jun
Jul

1991

1992

Latest data plotted are averages of rates available for the week ending: July 17, 1992

1992
Apr 24
May
1
8
15
22
29
Jun
5
12
19
26
Jul
3
10
17 *

Federal
Funds **
3.47
3.65
3.77
3.84
3.89
3.80
3.85
3.69
3.73
3.72
3.87
3.24
3.28

3—Month
Treasury
Bill

6—Month
Treasury
Bill ***

1 —Year
Treasury
Bill

5—Year
Treasury
Securities

Long-Term
Treasury
Securities

3.68
3.69
3.63
3.60
3.61
3.71
3.71
3.67
3.63
3.64
3.48
3.22
3.20

3.86
3.85
3.78
3.74
3.71
3.90
3.90
3.83
3.75
3.77
3.66
3.32
3.31

4.11
4.12
4.06
3.93
3.92
4.06
4.08
3.99
3.93
3.94
3.79
3.48
3.40

6.89
6.88
6.78
6.65
6.61
6.70
6.61
6.56
6.44
6.40
6.22
5.93
5.88

7.94
7.95
7.87
7.73
7.69
7.79
7.76
7.74
7.67
7.65
7.56
7.42
7.47

\

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 9hown
••• 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 Noo-M1 Components of M2
*

'

Averages of Daily Figures

Billions of Dollars

2650
3550

H

I
M2

1992
Jun

3500

Billions

1 3466.6
8 3467.3

2600
M2 (left sc ale)

22 34 55.1
29 34 47.5
Jul 6 34 56.4

£

3450

2550

.3 * \

-x- >*

V

•y

**
\

S

s -\
\b -\
____ \

2500

3400
No n-M1 M2

3350 —

1 1 1

May

Jun

Jul

Aug

Sep

Oct

Nov

1 M 1 1

m

BiiL ons

8
15
22
29
Jul 6

2511.3
2512.3
2506.0
2498.3
2496.0

1991

Mar

Apr
1992

2450

2400

1 >T■'IT I 1 1

Feb

Dec

199 i

May

Jun

Jul

Latest data plotted week ending: July 6. 1992
Current data appear in the Federal Reserve Board's H.6 release.

issasssssssf - •
Mono/ Stock (M2)
To the average
of four weeks
ending:
12/9/91
1/6/92
2/3/92
3/9/92
4/6/92
5/4/92
6/8/92
7/6/92

Compounded annual rates of change, average of four mknnding:
,0/7/91 12/9/91
1/6/92 ’ 2/3/92
3/9/92
4/6/92
5/4/92
7/g/gi

1-8
1.7
2°
2.9
2.3
2.0
17
1.3


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

3.5
4.6
3.4
2.8
2.3
1.7

2.4
4.7
2.8
2.2
1.6
0.9

6.5
3.5
2.5
1.7
0.9

3.2
2.0
1.2
0.3

-1.9
-1.5
-2.0

-0.7
-1.6

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
1992 Billions
Jun

1
8
15
22
29
Jul 6

1123.0
1125.6.
1128.6
1128.4
1126.1
1130.2

Money Market (right scale)

Money Market
1992 Billions

Savings Deposits (left scale)

Jul

Aug
Sep
1991

Oct

Nov

Dec

Jan

Jun

1
8
15
22
29
Jul 6

Feb

Mar

Apr
1992

May

353.6
353.7 —
353.8
353.8
352.4
346.3

Jun

Jul

leposits are at all depository institutions. Money market funds are general purpose
aler.

Large and Small Time Deposits1/
All Depository Institutions
Averages of Daily Figures, Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Small Time
1992

Small

Large Time
1992 Billions
— Jun

1
8
15
22
29
Jul 6

6

Jun

1
8
15
22
29
Jul 6

(right scale)

Billions
963.4
961.0
957.6
954.7 — UlO
950.6
947.6

Time (left scale)

397.4
398.6
397.2
393.9
395.3
392.7

20 3 17 1 15 21 12 26
May
Jun
Jul
Aug

9 23 7 21
Sep
Oct

4

II
Nov

II 30 13 27 10 24
Dec
Jan
Feb

9 23 6 20 4 II 1 15 29 13 27
Mar
Apr
May
Jun

Latest data plotted week ending: July 6, 1992
1/ Large time deposits are those issued in demoninations of $100,000 or more.


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

Prepared by Federal Reserve Bank of St. Louis

9

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

I

1992

Billions

Jun 10
17
24Jul 1
8
15

0.133
0.152
0.224
0.416
0.495
0.214

15 29 12 26 10 24 7 21
May

Jun

Jul

4

Aug

18 2
Sep

16 30 13 27 11 25 8
Oct

Nov

Dec

22 5

Jan

Billions of Dollars

19 4
Feb

18
Mar

1991

1

15 29 13 27 10 24
Apr

May

8 22

Jun

Jul

1992

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

Billions of Dollars

1

1992

Billions

Jun 10
17
24
Jul 1
8
15

0.133
0.152
0.224
0.415
0.495
0.214

15 29 12 26 10 24 7 21
May

Jun

Jul

Aug

4

18 2

Sep

16 30 13 27 11 25 8 22 5
Oct

Nov

1991

Dec

Jan

19
Feb

Billions of Dollars

4

18 1

Mar

15 29 13 27
Apr

May

10 24 8
Jun

22

Jul

1992

Latest data plotted week ending: July 15. 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

Not Seasonally Adjusted
1132
Jun

3
10
17
24
Jul 1
8

1

Billions
144.229
144.926
148.468
145.378
141.595
143.508

15 H 12 26 10 H
May

Billions of Dollars

Jun

Jul

1

21 1

II 2

Aug
Sep
1991

16 30
Oct

Nov

Dec

Feb

Mar

Apr

May

Jun

Latest data plotted week ending: July 8, 1992
j- v/uiy ©, i

Commercial and Industrial Loans1 /
390

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

Compounded anni al
rates of change,
average of the fou r
weeks ending
July 1, 1992 from
the four weeks enc ing:
Jul 3, 1991 _|3.9
Oct 2, 1991 -43.0
Jan 1, 1992 -< .7
Jan 29. 1992
f .2
Mar 4, 1992 -S .8
Apr 1, 1992-1 .5
Apr 29. 1992-11 .9

370

350

330

T
199 2
Jun

27
3
0
7
>4

390

I

Billions
283.940__
370
283.481
281.090
281.601
279.913

350

—

330

3I0
310

290
270

i

■

May

r•T'l

'

Jun

1 r'l ' 1
Jul

mi' I'M

Aug

Sep

"M 1

Oct

m

Nov

i1

~r ■ i
Dec

1991
Latest data plotted week ending: July 1, 1992

'I'M1

!2
Jan

rr-rr
5 1) 4 II I IS 2) |J n ig 24
Feb
Mar
Apr
May
Jun
1992

)

n
Jul

2/ £"°nd “ l0ana indu<,e b°nker's “““Ptane** on d commercial paper.
2/ Banks with domestic assets greater than $1.4 billion


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

Prepared by Federal Reserve Bank of St. Louis

11

170

Dollar’s Trade-Weighted Exchange Index
Averages of Daily Figures

1

15 29 12 26 10 24 7 21 4 IB 2 16 30 13 27 11 25
May

Jun

Jul

Aug

Sep

Oct

Latest data plotted week ending: July 15. 1992
Current data appear in the Federal Reserve Board's H.10 release.
Data or. weighted averages of the foreign-currency pric. of the U.S. dollar, computed using 10 induetriol
country currencies.

Prepared by Federal Reserve Bank of St. Louis

>>

<
PS
CP

05 ,4


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