Full text of U.S. Financial Data : July 5, 1996
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| July ^ ■HHHHHHHHnBHHBI Fexierai Reserve Bank Mffimcial Data 1)1 KM III SI KYI . llANKol si: 1.01 IS THE WEEK'S HIGHLIGHTS: ✓ Nonfarm payroll employment increased by 239,000 in June, following an increase of365,000 in May. Payroll employment increased by an average of265,000per month in the second quarter, slightly above the first quarter average. The June unemployment rate measured 5.3 percent, the lowest rate since June 1990. ✓ New single-family home sales were at an annual rate of828,000 units in May, up 7.5 percent from April—the fourth increase this year. On a year-to-date basis, new home sales have totaled 344,000 units, 25.1 percent above the same period a year earlier. ✓ After decreasing at a 1.8 percent annual rate over the firstfour months of1996, real disposable personal income increased at a 15.3 percent rate in May. Real personal consumption expenditures increased at an 8.6 percent rate in May, after increasing at a 1.6 percent rate over the first four months of this year. The index of leading economic indicators rose 0.3 percent in May, as seven of the 11 indicators contributed positively. This was the fourth consecutive increase. ✓ The real value of total new construction put in place fell $5.1 billion in May, or 1 percent. Compared with a year earlier, total construction was up 1.8 percent. All data are seasonally adjusted unless otherwise indicated. U.S. Financial Data is published weekly by the Research 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 on data, please call (314) 444-8590. To request an order form, please call (314) 444-8808 or (314) 444-8809. Sorry, no refunds. Information in this publication is also included in the Federal Reserve Economic Data (FRED) electronic board at (314) 621-1824 or internet World Wide Web server at http://www.stls.frb.org/fted. Digitizedbulletin for FRASER http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 Adjusted Monetary Base Averages of Daily Figures beosonolly Adjusted Billions of Dollors Billions of Dollars Billions Apr 24 Moy 8 Jun 5 Jul 3 474.7 474.7 3 17 31 14 28 12 26 23 6 20 4 18 1 15 29 13 27 10 24 7 21 6 20 3 17 1 15 29 12 26 10 24 Aug Sep Oct Nov Dec F eb Mar Apr May Jun Moy Jun 1995 The adjusted monetary bose is the sum of reserve occounts of finonciol institutions ot Federal Reserve banks, currency in circulation (currency held by the public and in the vaults of oil depository institutions) ond on adjustment for reserve requirement rotio chonges. The major source of the adjusted monetary bose is Federal Reserve credit. Doto are computed by this bank. A detailed description of the adjusted monetary bose is available from this bonk. Recent doto ore preliminary. Adjusted Monetary Base Compounded onnual rotes of chonge, overoge of two maintenance periods ending: To the overoge of two maintenance periods ending: 7/5/95 9/27/95 12/6/95 1/3/96 1/31/96 2/28/96 3/27/96 12/6/95 1.5 1/3/96 1.8 1.7 1/31/96 1.5 1.3 2/28/96 1.4 1.1 1.1 3/27/96 1.9 2.0 2.5 2.3 3.5 5/8/96 1.3 1.0 1.0 0.6 0.7 6/5/96 1.8 1.8 2.0 1.8 2.2 2.8 1.2 7/3/96 2.1 2.1 2.4 2.3 2.8 3.3 2.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5/8/96 1.5 0.1 0.9 6.5 Prepared by Federal Reserve Bank of St. Louis Money Stock(M1) and Total Checkable Deposits Averages of Daily Figures Seasonally Adjusted Billions of Dollars Billions of Dollars Billions Moy 20 May 20 1113.5 726.7 Jun 1114.0 1120.1 3 726.8 732.4 726.2 Ml (left scale) -770 TCD (right scale) Moy Jun Aug Sep Oct Nov Dec Feb Mar 15 29 II 27 10 29 Apr Moy Jun 8 22 Ml is the sum of currency held by the nonbonk public, demand deposits, other checkable deposits and trovelers checks. Total checkable deposits is the sum of demand deposits and other checkable deposits at depository institutions. Current doto appear in the Federal Reserve Board's H.6 release. Money Stock (M1) To the overage of four weeks ending: Compounded annual rotes of chonge, overage of four weeks ending: 6/26/95 9/25/95 11/27/95 12/25/95 1/22/96 2/26/96 11/27/95 -3.1 12/25/95 -3.4 1/22/96 -3.4 -5.2 -4.3 2/26/96 -3.6 -5.1 -4.4 3/25/96 -1.9 -2.4 -0.3 1.3 4/22/96 -2.0 -2.4 -0.7 0.4 1.5 5.5 5/27/96 -2.5 -3.1 -2.0 -1.4 -1.0 0.4 6/24/96 -2.3 -2.7 -1.7 -1.1 -0.7 0.4 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3/25/96 4/22/96 -5.8 -4.0 3.3 Prepared by Federal Reserve Bonk of St. Louis 3 4 Adjusted Reserves Seasonally Adjusted Billions of Dollors Billions of Dollars Billions 97.0 97.5 94.1 97.5 96.8 96.0 Apr 10 May 8 Jun 5 15 29 12 26 10 24 3 17 31 14 28 12 26 Moy Jun Aug Sep Feb Oct Mor Apr Moy Jun Adjusted reserves Is the difference between the adjusted monetary bose and the currency component of M1. Adjusted Reserves Compounded onnuol rotes of change, overoge of two mointenonce periods ending: two maintenance 6/21/95 9/13/95 11/22/95 12/20/95 1/17/96 2/14/96 3/13/96 4/24/96 periods ending: 11/22/95 -5.8 12/20/95 -4.0 -7.2 1/17/96 -3.4 -5.7 3.4 2/14/96 -3.8 -5.8 0.0 -3.3 3/13/96 -2.9 -4.2 1.3 -0.4 -0.7 4/24/96 -3.0 -4.0 0.0 -1.5 -1.9 0.0 5/22/96 -4.3 -5.7 -3.1 -4.8 -5.8 -5.6 6/19/96 -3.4 -4.4 -1.6 -2.8 -3.4 -2.6 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Prepored by Federal Reserve Bonk of St. Louis Money Multiplier Averages of Daily Figures seasonally Adjusted Ratio Compounded onnuol rotes of change, overage of the four weeks ending June 17„ 1996. from the four weeks ending: - Jun -3.8 U U II 19 13, 1995 -4 . 6 Sep 25. 1995 1995 -3.4 Jan -2 . 6 J u II 29 ^ 3 , 1996 -2.2 Feb 26, 1996 Mar -4 . 8 m u i L25 u , Apr 22, 1995 1 15 29 12 26 10 24 7 21 Aug 4 Sep 2 16 30 13 27 11 25 8 22 5 Oct 19 4 Apr Apr 8 May 6 Jun 3 May Jun Ratio of M1 to adjusted monetary base. Currency Component of M1 Billions of Dollars Averages of Daily Figures seasonally Adjusted Billions of Dollars Compounded onnuol rates of change, overage of the four weeks ending June 24, 1996, from the four weeks ending: Jun 26. 1995 3. Sep 25, 1995 3. Oec 25, 1995 3. Jon 22, 1996 3. Feb 26, 1996 4. Mar 25. 1996 4. Apr 22. 1996 4. Billions May 20 Jun Sep Oct 1995 Current data oppeor in the Federal Reserve Board's H.6 release. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Apr 1996 May 377.2 378.2 377.6 378.4 379.0 380.4 3 Jun Prepared by Federol Reserve Bonk of St. Louis 5 '370 6 Yields on Selected Securities Averages of Daily Figures Percent Percent Prime Rote Corporate Aao Bonds Municipal Bonds 5 19 1996 Apr 12 19 26 Moy 3 10 17 24 31 Jun 7 14 21 28 Jul 5 6 30 14 28 11 25 8 22 6 20 3 17 15 29 12 26 9 23 5 19 3 17 31 14 28 12 26 30-Doy Commerciol Paper 90-Day CDs 90-Day Bankers' Acceptances Corporate Aao Bonds Corporate Baa Bonds 5.42 5.39 5.38 5.40 5.40 5.38 5.36 5.38 5.42 5.43 5.46 5.50 5.48 5.39 5.36 5.34 5.36 5.37 5.36 5.35 5.36 5.42 5.48 5.47 5.49 5.46 5.31 5.28 5.26 5.29 5.30 5.28 5.27 5.30 5.34 5.40 5.39 5.40 5.40 7.60 7.50 7.48 7.65 7.72 7.57 7.53 7.61 7.67 7.78 7.74 7.66 7.55 8.30 8.19 8.16 8.33 8.40 8.25 8.20 8.27 8.34 8.47 8.44 8.36 8.25 Municipal Bonds •• 6.03 5.94 5.91 6.06 6.08 5.96 5.87 5.94 5.94 6.12 6.06 5.97 NA Current dato ore from the Federal Reserve Board's H.15 release, ond ore overages of rotes avoiloble for the week ending on July 5, 1996 . •• Bond Buyer's Average Index of 20 municipol bonds, Thursdoy doto NA - Not Avoiloble http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Prepared by Federal Reserve Bonk of St. Louis Selected Interest Rates Averoges of Doily Figures Percent Percent 10-Yeor Treasury Securities .....6.0 Federol Funds Rate Discount Rote 3-Month Treosury Bill 5 19 16 30 14 28 11 25 6 20 3 17 1 15 29 12 26 9 23 5 19 3 17 31 14 28 2 26 1996 1996 Apr 12 19 26 May 3 10 17 24 31 Jun 7 14 21 28 Jul 5 *•• Federol Funds •• 5.08 5.24 5.24 5.30 5.22 5.26 5.22 5.19 5.33 5.24 5.45 5.21 5.53 3-Month Treosury Bill 1 -Year Treosury Bill 7 5-Year Treasury Securities 10-Yeor Treasury Securities Long-Term Treasury Securities 4.97 4.85 4.96 5.00 5.00 5.01 5.04 5.04 5.09 5.11 5.09 5.09 5.12 5.31 5.21 5.21 5.33 5.35 5.28 5.27 5.39 5.46 5.52 5.48 5.47 5.44 6.42 6.32 6.31 6.46 6.55 6.42 6.41 6.55 6.63 6.77 6.73 6.63 6.53 6.60 6.52 6.53 6.74 6.82 6.68 6.65 6.77 6.85 6.99 6.95 6.86 6.77 6.96 6.88 6.88 7.04 7.11 6.96 6.93 7.02 7.08 7.23 7.18 7.08 6.98 Except for Iona-term Treosury securities, which ore computed by this Bonk, current data appear in the Federol Reserve Board's H.15 release. • Averoges of rates ovailable •• Seven-doy overages for week ending two doys eorlier than dote shown Prepared by Federal Reserve Bank of St. Louis 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 May 20 Jun 3 Billions 3730.9 3728.0 3742.0 3747.1 3754.4 3743.1 Billions of Dollars M2 (left scale) Non-Mi M2 (right scale) Non-M1 M2 Billions 2612.6 2614.5 Jun 3 2618.7 2633.1 2634.3 2627.8 Moy Jun Aug Sep Oct Nov Feb Dec Mar Apr May Jun M2 is the sum of M1, savings (including money market deposit accounts), small time deposits and retail money funds. Current doto appear in the Federal Reserve Board's H.6 release. Money Stock (M2) Compounded annuol rotes of change, average of four weeks ending: To the average of four weeks ending: 6/26/95 9/25/95 11/27/95 12/25/95 1/22/96 2/26/96 3/25/96 11/27/95 4.8 12/25/95 4.9 3.9 1/22/96 5.2 4.7 6.3 2/26/96 5.0 4.4 5.3 5.2 3/25/96 5.9 5.8 7.2 7.7 4/22/96 5.7 5.6 6.6 6.9 6.8 5/27/96 4.8 4.4 4.8 4.7 4.2 4.4 0.5 6/24/96 4.9 4.5 4.9 4.9 4.4 4.7 2.0 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4/22/96 8.0 8.8 Prepored by Federol Reserve Bonk of St. Louis Savings and Small Time Deposits Averoges of Daily Figures Seasonally Adjusted ___ Billions of Dollars 1340 -j--------r~ i---------- r Billions of Dollars i---------- 1----------f--------- Savings 1996 ,300- Moy 20 Jun 1260- 1996 May 20 1197.7 1201.6 1199.0 1210.3 1208.2 1202.7 3 10 24 1055 Small Time Jun Billions 928.4 928.6 928.2 928.0 927.8 927.9 3 1015 ■ 975 Small Time (right scale) ■ 935 ■ 895 855 Savings Deposits (left scale) 815 775 May Jun Aug Sep Oct Apr 1995 Savings deposits and small time deposits ore at all depository institutions. Moy Jun 1996 Large Time Deposits and Retail Money Funds Averages of Doily Figures seasonally Adjusted Billions of Dollars Billions of Dollars Large Time 1996 Moy 20 Jun Retail Money Billions 437.7 439.6 440.3 441.1 441.7 443.6 3 1996 May 20 590 Billions 486.6 491.5 494.9 498.2 497.3 550 510 Retail Money 470 430 Large Time 390 350 Moy Jun Aug Sep Oct Apr Moy Jun 1995 1996 Large time deposits ond retail money funds ore ot oil despository institutions. Large time deposits ore those issued in denominations of $100,000 or more. Retail money funds were originally called generol purpose ond broker/dealer money market funds. Prepared by Federal Reserve Bank of St. Louis http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9 10 Total Borrowings From Federol Reserve Bonks Averages of Daily Figures Billions of Dollars May 29 Jun 5 Jui 3 Billions of Dollars Billions 0.158 0.154 0.159 0.779 0.249 0.523 3 17 31 14 28 12 26 9 23 6 20 4 18 1 Aug Sep Ocl 15 29 13 27 10 24 7 21 6 20 3 17 1 13 29 12 26 10 24 Apr Moy Jun 1995 Borrowings include seasonol, adjustment ond extended credit. 1996 Bank Loans and Credit All Commercial Bonks in the United States'^ Seasonally Adjusted Billions of Dollars Bonk Credit Billions Moy 15 3651.4 3662.5 3649.0 3647.8 Jun 5 3668.6 3653.5 Billions of Dollars 2860 2800 Bank Credit (left scale)2/ 2740 2680 2620 Loons&Leases Billions 2662.0 2675.0 2662.9 2667.4 2684.1 2680.2 Loans and Leoses (right scale) 3 17 31 14 28 12 26 9 23 6 20 4 Moy Jun Aug Sep 18 I 15 29 13 27 10 24 Oct 1995 Current doto appear in the Federol Reserve Board's H.8 releose. 1/ includes foreign-reloted institutions 2/ Includes loons ond leoses ond securities http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7 21 6 20 3 7 Apr 1 13 29 12 26 10 24 Moy Jun 1996 Prepared by Federol Reserve Bonk of St. Louis 2560 2500 2440 Commercial Paper of Nonfinancial Companies Not Seasonally Adjusted Billions of Dollars Moy 22 Jun 5 Billions of Dollars Billions 202.098 199.635 199.504 198.220 205.672 198.505 - 180 3 17 31 14 28 12 26 9 23 15 29 12 26 10 24 '995 1996 Commercial and Industrial Loans Seasonally Adjusted Billions of Dollars Billions of Dollars All Bonks Billions 732.5 732.7 728.6 730.1 733.2 732.2 All Bonks (left scale)1/ Large Banks (right scale)2/ Lorge Bonks ..... - 340 196 Billions Moy 15 “ 358.1 357.5 355.3 320 354.4 Jun 5 354.5 356.0 15 29 12 26 10 24 1996 Current data appear in the Federal Reserve Board's H.8 release. 1/ Includes foreign-related institutions / O . .. r.nnrllnn itAmulU II http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis _ Prepared by Federal Reserve Bank of St. Louis 11 Dollar's Trade-Weighted Exchange Index Averoges of Doily Figures 1973=100 1973=100 -100 1995 1996 Current doto appear in the Federoi Reserve Board's H.10 release. Data ore weighted overages of the foreign-currency price of the U.S. dollar. computed using 10 industrial country currencies. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Prepored by Federal Reserve Bonk of St. Louis