Full text of U.S. Financial Data : July 8, 1993

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

Feder;

feservo Bank

ufSrPinancial Data
liKlilli

mi:
HDIIUI
A KI SI KM
JA lUNkot
«r SXIOl IS

THE WEEK'S HIGHLIGHTS:
✓ The Ml monetary aggregate surged at a 19.4 percent annual rate
from April to June, after rising at a moderate 3.7 percent rate from
January to April. From December to June, Ml grew at a 9.5 per­
cent rate, down from 14.1 percent during the previous 12 months.
s/ The civilian unemployment rate was 7 percent in June, up from 6.9
percent in May, but well below the June 1992 peak of 7.7 percent.
\/ Total civilian employment fell at a 0.5 percent annual rate in June,
after climbing at a 9 percent rate in May. Compared with June
1992, civilian employment has risen 1.5 percent.
✓ Nonfarm payroll employment, which rose by 13,000jobs in June,
increased at a 0.1 percent annual rate since May and a 1.5
percent rate since June 1992. Goods-producing employment fell
by 66,000jobs in June, while service-producing employment
(including government) rose by 79,000jobs.

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 of Daily Figures
Seasonally Adjusted

Billions of Dollars

1993

Billions

Apr 28
- May 12
26
Jun 9
23
Jul 7

S

Billions of Dollars

398.1
399.1
403.7
404.5
404.4
406.4

20
May

3 17 1 15 29 12 28 9 23 7 21 4 18 2 IS 30 13 27 10 21 10 21 7 21 5 19 2 IS 30 11 2!
Jun
Jul
Aug
Sep Oct
Nov
Dec
Jan
Feb Mar
Apr
May
Jun
Jul
1992
1993
Latest data plotted reserve maintenance period ending: July 7, 1993
The adjusted monetary base is the sum of reserve accounts of financial institutions 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 source of the adjusted monetary 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 Monetary Base
,,
, Compounded annual rates of change, average of two maintenance periods ending:
To the average of 7/8H/92 9/30/92 12/9/92
s
*
1/6/93
2/3/93
3/3/93
3/31/93 5/12/93
two maintenance
periods ending:
t

12/9/92
1/6/93
2/3/93
3/3/93
3/31/93
5/12/93
6/9/93
7/7/93

13.6
12.6
12.3
13.8
10.5
11.2
11.9
11.3


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

9.9
10.0
12.7
8.2
9.5
10.6
9.9

8.8
14.1
6.5
8.9
10.5
9.6

17.7
6.2
9.2
11.0
10.0

4.2
9.0
11.2
9.9

2.9
7.4
6.7

17.1
13.3

11.6

Prepared by Federal Reserve Bank of St. Louis

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

Billions of Dollars

1993

Billions of Dollars

Billions

10)5

-May 24 1065.4
31 1074.4
Jun 7 1072.7
14 1070.8
21 1075.5
,.cn
28 1076.8

TCD (right scale)

1993

Billions

May 24

753.0

21

759.7

M1 (left scale)

4

« 1 15 2! 13 27 10 21 7 21
May
Jun
Jul
Aug
Sep
1992

5

19 2 16 30 14 28 11 25
Oct
Nov
Dec
Jan

22
Feb

8 22
Mar

5

19 3 17 31 14 28 12 26
Apr
May
Jun
1993

Latest data plotted week ending: June 28, 1993
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)
Compounded annual rates of change, average of four weeks ending:
To the average 6/29/92 9/28/92 11/30/92 12/28/92 1/25/93 3/1/93
3/29/93 4/26/93
of four weeks
ending:
11/30/92
12/28/92
1/25/93
3/1/93
3/29/93
4/26/93
5/31/93
6/28/93

17.5
16.2
15.0
12.9
11.7
11.4
13.3
12.8


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

15.8
13.8
10.8
9.4
9.3
12.1
11.6

8.4
5.6
4.7
5.5
9.8
9.5

3.9
3.4
4.6
9.9
9.5

1.6
3.7
10.5
9.9

5.3
14.3
12.5

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves
Billions of Dollars

Seasonally Adjusted

Billions of Dollars

106
1993

Billions

Apr 14

95.2

May 12

96.4

102

98

94

6

20 3 17 1 15 29 12 28 9 23
May
Jun
Jul
Aug
Sep
1992

7

21
Oct

9

18 2 16 30 13 27 10 24 10 24
Nov
Dec
Jan
Feb Mar

7

21 5 19 2 16 30 14 28
Apr
May
Jun
Jul
1993

Latest data plotted two weeks ending: June 23. 1993
Adjusted reserves is the difference between adjusted monetary base and currency component of M1.

Adjusted Reserves
Compoun ded annual rates of change, average of two maintenance periods ending:
To the average of 6/24/92 9/16/92 11/25/92 12/23/92 1/20/93 2/17/93 3/17/93 4/28/93
periods ending:

1 1/25/92

12/23/92
1/20/93
2/17/93
3/17/93
4/28/93
5/26/93
6/23/93

19.9
12.9
12.1
19.6
11.4
11.0
12.6
12.1


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

15.3
13.4
25.0
11.9
11.3
13.5
12.6

-6.7
19.1
0.7
2.8
6.9
6.7

44.2
8.1
8.3
12.3
11.2

8.6
8.6
13.5
12.0

-13.9
-2.6
-0.9

17.5
14.0

18.2

Prepared by Federal Reserve Bank of St. Louis

82

Money Multiplier 1/
Averages of Daily Figures
Seasonally Adjusted

Ratio
Compounded annual
rates of change,
average of the four
weeks ending
June 21, 1993 from
the four weeks ending:
Jun 22. 1992 1.3
Sep 28, 1992 1.3
Dec 21, 1992 -0.7
Feb 1, 1993 -0.5
Mar 1, 1993 5.5
Mar 29. 1993 1.5
Apr 26, 1993 5.8

<

18 1 15 21 13 27 10 24
May
Jun
Jul
Aug

1993

Ratio

Apr 12
May 10
Jun

7 21
Sep

5

19 2
Oct

16 30 14 28 11 25
Feb

22
Mar

5

19
Apr
1993

7

2.635
2.613
2.657
2.643
2.655
2.654

17 31 14 28 12 26
May
Jun

Latest data plotted two weeks ending: June 21,1993

Currency Component of M12/
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars
310 ---------1----------1---------Compounded annu al
rates of change,
average of the fou
weeks ending
June 28, 1993 fror
310
the four weeks end ing:
Jun 29. 1992 1 .0
Sep 28, 1992
.8
Dec 28, 1992 1C .4
Jan
25.
1993
1C
.6
300
Mar 1, 993 1C .8
Mar 29, 993 1 .0
Apr 26, 993 1 .9

Billions of Dollars

320

310

290

280

270

1
May

Jul

Aug
Sep
1992

Oct

Nov

Dec

Jan

Feb

Billie ns
304 .2
305 .0
305.3
306.3
307.7
309.0

I

1 1 i
Jun

1993
May 2 4
1
"Jun 7
14
21
28

I

1 1 l 1 l 1 I
19 3 17 31 14 28 12 26
Apr
May
Jun
Jul
1993

5
Mar

Latest data plotted week ending: June 28, 1993
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

270

6

Yields on Selected Securities

Percent

Percent

Averages of Doily Figures

Corporate
Aaa Bonds

Municipal Bonds

Loan Rate

May

Jun

Jul

Aug
Sep
Oct
Nov
Dec
Jan
Feb Mar
Apr
1992
1993
Latest data plotted are averages of rates available for the week ending: July 9. 1993

May

Jun

Jul

1993

90-Day
CDs

30—Day
Commercial
Paper

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **

Apr 16
23
30
May 7
14
21
28
Jun 4
11
18
25
Jul 2
9 *

3.09
3.08
3.08
3.06
3.07
3.12
3.16
3.21
3.25
3.17
3.21
3.18
3.14

3.14
3.10
3.10
3.08
3.09
3.11
3.15
3.18
3.20
3.18
3.20
3.20
3.16

3.04
3.04
3.04
3.03
3.04
3.07
3.12
3.16
3.21
3.13
3.16
3.13
3.11

7.45
7.34
7.40
7.37
7.41
7.48
7.46
7.39
7.38
7.32
7.29
7.24
7.24

8.07
8.05
8.15
8.13
8.18
8.28
8.27
8.16
8.13
8.06
8.01
7.96
7.97

5.70
5.67
5.75
5.71
5.69
5.77
5.73
5.67
5.68
5.61
5.57
5.55
N.A.

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

8.0

y
✓ _______

5-Yea r
Trea wry Set (urltles
V
\
✓ s.
4___
/
s
\ ’\ />
/
w\
•w V' / /
\
t
'

6.0

/

6.0

;

✓

^ “\

f

5.0

^/

Fed oral
1 Fund i Rote
vV

3.0

Di•count *ate

✓
■ -Monti
Tr*Kjsury E HI

VlT
s,
U -*i>
<V

■---V

H'.V

I

15 25 12 it It 24 7 21 4 11 2 It 30 13 27 11 25 8 22 5 19 5 1! 2 It 30 14 21 11 25 9 23
May
Jun
Jul Aug Sep
Oct
Nov
Dec
Jan
Feb Mar
Apr
May
Jun
Jul
1992
1993
Latest data plotted are averages of rates available for the week ending: July 9, 1993

1993
Apr 16
23
30
May 7
14
21
28
Jun 4
11
18
25
Jul 2
9 *

Federal
Funds **
2.93
2.91
2.87
2.98
2.90
3.01
3.07
3.09
2.96
3.01
3.00
3.13
3.10

3-Month
Treasury
Bill

6—Month
Treasury
Bill ***

2.85
2.81
2.91
2.87
2.91
2.99
3.06
3.06
3.10
3.05
3.09
3.01
3.03

1 -Year
Treasury
Bill

5—Year
Treasury
Securities

Long-Term
Treasury
Securities

3.00
3.09
5.08
6.52
2.96
3.05
5.06
6.49
2.95
3.12
5.14
6.62
2.98
3.11
5.05
6.55
2.99
3.14
5.10
6.58
3.10
3.26
5.28
6.72
3.19
3.39
5.36
6.71
3.22
3.44
5.29
6.62
3.30
3.46
5.32
6.60
3.19
3.33
5.19
6.51
3.19
3.37
5.18
6.44
3.14
3.29
5.04
6.34
3.10
3.29
5.04
6.35
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
*** 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

1993
May 24
31
_ Jun 7
14
21
28

Billions of Dollars

BiHions
3506.2
3509.4
3518.9.
3516.9
3516.2
3505.1

M2 (left scale)

(right scale)

Non-M1 M2
1993 Billions
May 24
31
Jun 7
14
21
28
4

19 1 15 29 13 27 10 24 7 21
May
Jun
Jul
Aug
Sep
1992

5

19 2 16 30 14 28 11 25
Oct
Nov
Dec
Jan

Feb

22
Mar

2440.8
2435.0
2446.2
2446.1
2440.7
2428.3

5

19 3 17 31 14 28 12 26
Apr
May
Jun
Jul
1993

Latest data plotted week ending: June 28, 1993
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 Slock (M2)
Compounded annual rates of change, average of four weeks ending:
To the average
6/29/92 9/28/92 11/30/92 12/28/92 1/25/93 3/1/93 3/29/93 4/26/93
of four weeks
ending:
11/30/92
12/28/92
1/25/93
3/1/93
3/29/93
4/26/93
5/31/93
6/28/93

2.5
2.1
1.3
0.6
0.4
0.4
1.4
1.5


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

2.1
0.7
-0.3
-0.4
-0.4
1.2
1.3

-1.8
-2.6
-2.2
-1.8
0.6
0.8

-3.8
-2.9
-2.2
0.6
0.9

-2.6
-1.8
1.6
1.8

-0.5
3.8
3.5

5.9
4.9

7.1

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
1993 Billions
May 24 1192.7
31 1194.5
Jun 7 1199.9
14 1201.2
21 1197.7
28 1198.2

Money Market (right scale)

Money Market
1993 Billions
May 24
31
Jun 7
14

Savings Deposits (left scale)

28

338.1
337.5 —
337.5
338.3
336.1
333.6

4

18 I IS 29 13 27 10 24 7 21 5 19 2 16 30 14 28 11 25 8 22 8 22 5 19 3 17 31 14 28 12 26
May Jun
Jul
Aug
Sep Oct
Nov
Dec
Jan
Feb Mar Apr
May
Jun
Jul
.
.
1992
1993
Note: Savings deposits are at all depository institutions. Money market funds are general purpose
and broker/dealer.

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

Billions of Dollars

Billions of Dollars
Small Time
1993 Billions
May 24
31
7
14
21
28

Jun

836.2
835.8
833.9
831.4 —
829.9
827.2

Large Time (left scale)

Large Time
325 —May 24
Jun

4

343.1

7

345.0

28

341.9

18 1 15 29 13 27 10 24
May
Jun
Jul
Aug

Small Time (right scale)

7 21
Sep

5

19 2
Oct

16 30 14 28 11 25

22
Feb

8 22
Mar

5

19 3 17 31 14 28 12 26
Apr
May
Jun

Latest data plotted week ending: June 28, 1993
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

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

Billions of Dollars

1993

Billions

Jun

2
9
16
23
30
Jul 7

6

20
May

4 18 2 16 30 13 11 10 24
Nov
Dec
Jan
Feb

3 17 1 15 2) 12 26 9 23 7 21
Jun
Jul
Aug
Sep Oct
1992

10 24
Mar

7 21 5 19
Apr
May
1993

2

0.124
0.112
0.135
0.179
0.387 ----0.234

16 30 14 28
Jun
Jul

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

Billions of Dollars

0.7

Billions of Dollars
I--------199.

0.0

Jun

2
9
16
23
Jul “ 7

0.5

0.124
0.112
0.135
0.179
o!234

0.1

0.6

0.5
0.1

0.3

JJ uJ
J

l

1

f

S'

0.2
0.1

0.7

Billions

A'
-0

f 20
May

1dLV

jl

hi

V

rr-f-r- ■■ f"T'r r

r r i ' T"»"l

Ml'1

3 17 I 15 20 12 20 0 23 7 II
Jun
Jul
Aug
Sep Oct
1992

T-r-fT"

1

M'l1'

4 1! 2 10 30 13 27 10 21
Nov
Dec
Jan
Feb

WV

M ' M

/

V

1J r

10 24 7 21 5 10 2 10 JO 14 20
Mar Apr
May
Jun
Jul
1993

Latest data plotted week ending: July 7, 1993


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

Prepared by Federal Reserve Bank of St. Louis

0.3
0.2
0.1

Commercial Paper of Nonfinancial Companies

Billions of Dollars

1993

Billions of Dollars

Not Seasonally Adjusted
Billions

May 26

6 M 3 17 1 15 29 12 2S
May
Jun
Jul
Aug

9 23
Sep

7 21
Oct

H

18 2 It Jl 1] 17 11 21 11 21
Nov
Dec
Jan
Feb Mar

7

21
Apr

19 2 It 10 11 It
May
Jun

Latest data plotted week ending: June 30, 1993

Commercial and Industrial Loans'7
Billions o1 Dollars

325
315
305
295

Weekly Reporting Large Commercial Banks2/
Seasonally Adjusted

Billions of Dollars
325

I

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

Compounded anmjai
rates of change,
average of the fou r
weeks ending
June 23, 1993 fro m
the four weeks en ding:
Jun 24. 1992 - 2.7
Sep 23, 1992 - 2.6
Dec 23. 1992 - 4.0
Jan 20, 1993 - 2.1
Feb 24. 1993 - 2.3
Mar 24, 1993 -0.9

1 999
6
Jun 2
9
16
23

Billions
272.130__
274.237
275.261
273.708
275.565
274.744

315
305
295

285

285

275

275

265

n i ■ i ' i ■

6 20
May

3 17 1 15 29 1! 26 9 23
Jun
Jul
Aug
Sep
1992

7 21 1 11
Oct Nov

2 It 30 13 27 10 11 10 21 ? 21 5 11 2 It 30 II 28
Dec
Jan
Feb Mar
Apr May
Jun
Jul
1993

Latest data plotted week ending: June 23, 1993
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

1973=100

Averages of Daily Figures

1993 1973=100

6 20 3 17 1 15 21 12 26 9 23
May Jun
Jul
Aug
Sep
1992

7 21 1 11 2 16 30 13 27 10 21 10 21 7 21 5 19
Oct
Nov Dec
Jan Feb Mar Apr
May
1993

2

16 30 11 26
Jun
Jul

Latest data plotted week ending: July 7, 1993
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

ss

o
H
X

M
K
H

OS
Q «


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