Full text of U.S. Financial Data : June 1, 1995

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

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THE WEEK'S HIGHLIGHTS:
✓ According to the preliminary estimate, real gross domestic product
(GDP) rose at a 2.7 percent annual rate in the first quarter of 1995,
0.1 percentage points below last month’s advance estimate. An
upward revision in real consumer spending was more than offset
by a downward revision in inventory accumulation.
✓ Real disposable personal income fell at an 11.9 percent rate in
April, after rising at a 4.4 percent rate over the first three months
of1995. Real personal consumption expenditures fell at a 1.2 percent
rate in April, following a 2 percent rate of increase over the previous
three months.
✓ Total new factory orders fell 1.9 percent in April, the largest decline
since July 1994. New orders have declinedfor three consecutive
months, but are still up 6.8 percent from a year earlier. Factory
orders are not adjusted for inflation.
✓ New single-family home sales in April were at an annual rate of
580,000 units, 2.7percent below the March rate of596,000 units
and 13.7 percent below a year earlier.
✓ According to the Conference Board, consumer confidence dropped
3 percentage points in May to 101.6 percent (1985-100), the first
decrease since February.
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.


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

2
Adjusted Monetary Base
Averages or Daily Figures
Seasonally Adjusted

Billions of Dollars

1995

Billions

Mar 15
29
_ Apr 12
26
May 10
24

6

20 4
Apr

Billions of Dollars

18
May

462.9
463.8
464.4
466.8
467.3
469.3

1

15 29 13 27 10 24 7 21 5
Jun

19

2

16 30 14 28

11 25 8

22 8

22

5

19

3

17 31 14 28

Jul

Aug
Sep
Oct
Nov
Dec
Jan
Feb Mar
Apr
May
Jun
1994
1995
Latest data plotted reserve maintenance period ending: May 24, 1995
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
5/25/94 8/17/94 10/26/94 11/23/94 12/21/94 1/18/95
3/1/95
3/29/95
two maintenance
periods ending:
10/26/94
11/23/94
12/21/94
1/18/95
3/1/95
3/29/95
4/26/95
5/24/95

6.7
6.4
5.9
6.2
6.5
6.3
6.3
6.4


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

5.7
5.1
5.6
6.2
5.9
5.9
6.1

3.9
5.3
6.3
5.8
5.9
6.2

5.4
6.7
6.0
6.1
6.4

8.3
6.9
6.8
7.0

6.5
6.5
6.8

5.0
5.9

7.1

Prepared by Federal Reserve Bank of St. Louis

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

Billions of Dollars

1190

I

Billions of Dollars

I

1

M1
1995 Billions
Apr 17
24
1
8
15
22

Mav

1170

945

1

TCD
1995 Billions

1150.0
1149.6
1149.4
11 W.7
11 W.3
11 U.2

Apr 17
24
1
8
15
22

Mm/

775.6
773.7
779. R
767 .3
765 .8
765 .5

925

Ml (left s< ale)
A

1150
s✓

/ s

\

T

\

1130

'• *

..

795
•

/

_____

'\

s

>

TCD ( right s :ale)

905

v_

'N'\
4
\

1110

1090

795

4

11
Apr

!

16 JO IJ 27

May

Jun

II 25
Jul

I 22 5
Aug
1994

19

Sep

3

17 31 14 21 12 2t

Oct

Nov

9

Dec

23 6

Jan

20
Feb

t 20 3
Mar

17

Apr
1995

I

15 29 12 2f
May

Jun

Latest data plotted week ending: May 22, 1995
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
5/23/94 8/22/94 10/24/94 11/21/94 12/19/94 1/23/95 2/20/95 3/20/95
ending:
10/24/94
11/21/94
12/19/94
1/23/95
2/20/95
3/20/95
4/24/95
5/22/95

1.2
0.6
0.9
0.8
0.5
0.5
0.5
0.2


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

-1.7
-0.7
-0.6
-0.7
-0.6
-0.4
-0.8

0.1
0.0
-0.4
-0.2
0.0
-0.6

1.1
0.2
0.3
0.4
-0.3

-0.8
-0.4
-0.1
-0.8

-0.6
-0.1
-1.1

0.6
-0.9

-1.5

Prepared by Federal Reserve Bank of St. Louis

3

745

4
Adjusted Reserves
Billions of Dollars

Seasonally Adjusted

Billions of Dollars

114
1995

Billions

Mar 15
29
Apr 12
26
May 10
24

102.2
100.0
100.2
100.9
100.1
100.9

106

102

98

94

90
6

20
Apr

4

18 1

May

IS 29
Jun

13 27 10 24

7

Jul

Sep

Aug
1994

21

5

19 2

Oct

16 30 14 28 II 25 8
Nov

Dec

Jan

22

Feb

8

22 5

19

Mar
Apr
1995

3

17 31 14 21
May

Jun

Latest data plotted two weeks ending: May 24. 1995
Adjusted reserves is the difference between adjusted monetary base and currency component of M1.

Adjusted Reserves
To the average of

Compounded annual rates of change, average of two maintenance periods ending:
5/25/94 8/17/94 10/26/94 11/23/94 12/21/94 1/18/95 3/1/95
3/29/95

periods ending:
10/26/94
11/23/94
12/21/94
1/18/95
3/1/95
3/29/95
4/26/95
5/24/95

-0.7
-3.1
-4.2
-2.1
-0.1
-2.6
-2.9
-2.8


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

-4.9
-6.3
-2.7
0.2
-3.3
-3.6
-3.4

-13.1
-4.5
0.6
-4.5
-4.8
-4.3

1.3
5.6
-2.0
-2.8
-2.5

13.0
0.7
-0.9
-0.9

-4.5
-5.0
-4.2

-15.8
-11.2

-3.8

Prepared by Federal Reserve Bank of St Louis

Money Multiplier1/
Ratio

Seasonally Adjusted
Compounded annual
rates of change,
average of the four
weeks ending
May 22, 1995 from
the four weeks ending:
May 23, 1994 -5.8

Ratio
Mar 13
Apr 10
May 8

Apr
May
Jun
Jul
Aug
Sep
Oct
1994
Latest data plotted two weeks ending: May 22. 1995

2.479
2.481
2.471
2.463
2.454
2.436

May

Jun

1995

Currency Component of Ml2/
Billions of Dollars

Billions of Dollars

Seasonally Adjusted

Compounded annual
rates of change,
average of the four
weeks ending
May 22, 1995 from
the four weeks ending:
May 23. 1994 9.2
Aug 22, 1994 9.1
Nov 21. 1994 9. 1
Dec 19. 1994 9.4
Jan 23, 1995 9.7
Feb 20, 1995 10.3
Mar 20, 1995 11.7

1995

Billions

Apr 17

365.3

May

367.4

1

368.3
368.6

4

11
Apr

2

II 30 13 27 11 25 8 22
May

Jun

Jul

Aug
1994

5

19 3
Sep

17 31 14 28 12 26
Oct

Nov

Dec

9

23

Jan

6

20
Feb

fi

20 3

17

Mar
Apr
1995

15 29 12 26
May

Jun

Latest data plotted week ending: May 22, 1995
1/ Ratio of M1 to adj'usted 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

Loan Rate

I

15 29 13 27 10 24 8 22 5 19 2 16 30 14 28
Apr
May
Jun Jul
Aug
Sep
Oct
1994

11 25
Nov

9 23
Dec

6 20 3 17 3 17 31 14 28
Jan
Feb Mar
Apr
1995

12 26
May

9 23
Jun

Latest data plotted are averages of rates available for the week ending: June 2, 1995

1995

30-Day
Commercial
Paper

90-Day
CDs

90-Day
Bankers'
Acceptances

Mar 10
17
24
31
Apr 7
14
21
28
May
5
12
19
26
Jun 2 *

6.08
6.07
6.05
6.08
6.08
6.08
6.05
6.05
6.07
6.03
6.06
6.05
6.06

6.20
6.14
6.12
6.15
6.15
6.12
6.10
6.09
6.07
6.01
6.03
6.00
5.97

6.08
6.03
6.02
6.05
6.03
6.00
5.99
5.99
5.96
5.91
5.91
5.89
5.87

Corporate
Aaa Bonds
8.22
8.04
8.10
8.08
8.05
8.04
8.02
8.00
7.89
7.69
7.60
7.51
7.38

Corporate
Baa Bonds

Municipal
Bonds **

8.81
8.62
8.69
8.65
8.62
8.62
8.60
8.57
8.45
8.25
8.15
8.07
7.95

6.18
6.06
6.09
6.07
6.03
6.01
5.96
6.06
6.10
5.96
5.92
5.83

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

9.0

9.0

5-Yea

8.0

_

*

■^—
N.

7.0

A
t

\
\

s
*

V-

N

*
\*

7.0
w\

t

/N

Fe< leral
Fund e Rate_

0.0

//
' /

A

A /

-

/r

6.0

-------- -

h

3-1 tenth
Treas ury Bill

\

5.0

J

r

4.0

i

Oil icount 1 ate

3.0

3.0

2.0

2.0
Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

1994

Apr

May

Jun

1995

Latest data plotted are averages of rates available for the week ending: June 2, 1995

1995
Mar 10
17
24
31
Apr 7
14
21
28
May
5
12
19
26
Jun
2 *

Federal
Funds **
5.93
5.94
5.97
6.06
6.20
5.98
6.07
5.99
6.05
6.00
6.02
5.99
6.02

3—Month
Treasury
Bill

1-Year
Treasury
Bill

5.76
5.75
5.72
5.69
5.70
5.63
5.61
5.67
5.65
5.64
5.69
5.69
5.64

6.14
6.00
5.97
5.98
5.99
5.90
5.80
5.85
5.79
5.65
5.64
5.59
5.48

5—Year
Treasury
Securities

10-Year
Treasury

Long-Term
Treasury

7.18
7.35
7.61
6.95
7.11
7.40
7.01
7.16
7.47
7.01
7.15
7.45
6.96
7.12
7.41
6.89
7.08
7.38
6.78
7.03
7.36
6.81
7.03
7.33
6.70
6.93
7.21
6.41
6.66
6.96
6.40
6.59
6.89
6.28
6.49
6.81
6.08
6.30
6.66
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


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

’

Prepared by 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

2545
M2
1995 Billions
Apr 17
24
1
8
15
22

_ May

3635.9
3647.1
3651.3.
3649.1
3652.5
3660.1

2520
M2 (left scale)

2495
/ *\

2470

Non-M1 M2
1995 Billions

Non-M1 M2 (right scale)

Apr 17
24
1
8
15
22

May

2485.9
2497.5
2501.9
2505.4
2509.2
2516.9

2445

2420
4

18 2 16 30 13 27
Apr
May
Jun

25 8 22
Jul
Aug

5

19 3 17 31 14 28 12 26
Sep
Oct
Nov
Dec

9 23 6 20 6 20 3 17
Jan
Feb Mar
Apr

1994

15 29 12 26
May
Jun

1995

Latest data plotted week ending: May 22. 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:
10 tne average 5/23/94 8/22/94 10/24/9411/21/9412/19/94 1/23/95 2/20/95 3/20/95
of four weeks
ending:
10/24/94
11/21/94
12/19/94
1 /23/95
2/20/95
3/20/95
4/24/95
5/22/95

0.2
-0.1
0.4
0.7
0.6
0.6
0.9
1.3


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

-1.0
-0.1
0.6
0.4
0.4
0.9
1.4

0.8
1.6
1.1
1.0
1.6
2.0

3.0
1.9
1.6
2.1
2.6

1.3
1.1
1.9
2.5

0.0
1.5
2.4

Prepared by Federal Reserve Bank of St Louis

Savings and Small Time Deposits
Averages ot Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Savings
1995 Billions
Apr 17
24
1
8
15
22

May

Small Time
1995 Billions

1084.4"
1082.5
1078.6
1080.6
1079.9­
1080.9

Apr 17
24
1
8
15
22

May

896.6
900.0
902.8
906.3
909.5 —
911.5

Savings Deposits(left scale)

Small Time (right scale)

4

18 2 16 30 13 27 11 25 8 22
Apr
May
Jun
Jul
Aug

5

IS 3 17 31 14 28 12 26
Sep
Oct
Nov
Dec

S 23
Jan

8

20 6 20 3 17 1 15 29 12 26
Feb Mar
Apr
May
Jun

1994

1995

Note: Savings deposits are at all depository institutions.

Large Time Deposits and Money Market Funds1/
All Depository Institutions

Billions of Dollars

470

Billions of Dollars

---------I-----------1---------Large Time
1995 Billions
Apr 17
24
1
8
15
22

445

May

420

i
\—
Money Market
1925 j3i)ljons

379.6
382.7
384.3
383.6
386.1
385.6

May

24
1
8
15
22

396.7
396.8
400.1
401.4
407.3

445

— 420

M oney M arket

395

470

395

— >- •
, ^ **

^

370

mm m
370

t
Large Time

345

320
18
Apr

16 30 13 27 11 25
May
Jun
Jul

8 22
Aug
994

5

1) 3 17 31 14 28 12 26
Sep
Oct
Nov
Dec

9 23
Jan

6

20 6 20 3 17
Feb Mar
Apr
1995

345

hi i"i r i i 320
15 29 12 2
May
Jun

Latest data plotted week ending: May 22, 1995
1/ Large time deposits are those issued in denominations of $100,000 or more.

Money market funds ore general purpose and broker/dealer.


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

9

Prepar<!d by Federa| Re3ervt! Bank of st ^

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

6

1225

Billions

Apr 26
May 3

0.153
0.156
0.139
0.139
0.149
0.164

20 4 18 1 15 29 13 27 10 24
Apr
May
Jun
Jul
Aug

7 21
Sep

5

Billions of Dollars

1! 2 1i 30 14 28 11 25 I 22 8 22 5 19 3 17 31 14 28
Oct
Nov
Dec
Jan
Feb Mar
Apr
May
Jun

1994
1995
Borrowings include seasonal, adjustment and extended credit; extended credit was $19 million in the week ending
January 25, 1995, $1 million in the week ending July 20, 1994 and was zero in the other weeks shown.

Bank Loans and Credit
All Commercial Banks in the United States
Seasonally Adjusted

Billions of Dollars

3475 ------- 1---------- —

i/
Billions of Dollars

2550

Bank Credit
1995 & lions

3425 “
3375

Apr 12
19
26
May 3

3'M 4.9
3^1-28.0
341-35.7
3<1-37.4

2500

f

r

2450

s"

17 341-40.1

kCred it (left

3325

scale) ^ /

A *
' ✓

2400

f

j"

3275

2350
Loan s&Lea ses
199 5 Billi jns

. /

3225
/

*

3175

Apr 12
19
26
Mav 3
O
7

✓'
L sans a id Leas es (rig it seal 0

2463.1
2472.5
2482.9
2488.0
2500.7
2493.7

20 4 18 I 15 2) 13 27 10 24 7 21
Apr
May
Jun
Jul
Aug
Sep

5 19 2 16 30 14 28 11 25
Oct
Nov
Dec
Jan

1994
Latest Wednesday data plotted : May 17, 1995
Current data appear in the Federal Reserve Board's H.B release.
1/ Includes foreign-related institutions
2/ Includes loans and leases and securities


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

8 22 8 22
Feb Mar

5

2250

I

3125
6

2300

19 3 17 31 14 21
Apr
May
Jun

1995

_
.. _ .
,
.
Prepared by Federal Reserve Bank of St. Louis

2200

r

Commercial Paper of Nonfinancial Companies
Billions of Dollars

1995

Billions of Dollars

Not Seasonally Adjusted
Billions

May 3

i

M 1
Apr

IS

1

May

IS I! 13 27 10 21
Jun

Jul

Aug
1994

1

21

S

Sep

19 2

If 30 If 21 11 25

Oct

Nov

Dec

Jan

B

22 8 22 5

Feb

19

3

Mar
Apr
1995

II 31 H 2!
May

Jun

Latest data plotted week ending: May 24, 1995

Commercial and Industrial Loans

Billions of Dollars

705

085

1995

Billions

370

Aor 12
19
26
3
10
17

680.7
680.9
685.5
688.0
690.3
689.5

350
s

_

005

Billions of Dollars

1
1
All Banks

o ____

//

»

1

605

330

v

arge Banks (r ight sc

310

__ / ■

Lar ge Bariks__
199 5 BIliL2Q5

625

Apr

2
9
>6
May 3
10
17

All Banks (left scale)

605

I

505
20
Apr

4

18
May

15 29 13 27 10 24
Jun
Jul
Aug
994

7 21
Sep

5

19
Oct

IS 30 14 28 11 25
Nov
Dec
Jan

Latest Wednesday data plotted : May 17, 1995
Current data appear in the Federal Reserve Board's H.8 release.
1/ Includes foreign—related institutions
2/ Weekly reporting, domestically chartered banks


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

11

8 22
Feb

33 3.4
337.2
339.3
339.0
340.6
340.8

I

8 22 5 19 3 17 3 14 2
Mar
Apr
May
Jun
1995

Prepared by Federal Reserve Bank of St. Louis

270

250

Dollar’s Trade-Weighted Exchange Index
1973-100

Averages of Dally Figures

1995 1973=100
Apr 26
May 3

6 20 9
Apr

18
May

1

15 29 13 27 10 29 7 21 5 19 2
Jun

Jul

Aug
1994

Sep

Oct

If 30 19 21 11 25
Nov

Dec

Jan

22 8 22 5
Feb

19 3 17 31 19 21

Mar
Apr
1995

May

Jun

Latest data plotted week ending: May 31. 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


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

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