Full text of U.S. Financial Data : June 15, 1995

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

RESEARCH library
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•THE
FEDERAL
JRESERVE

XltYNKot

Mr st.ijohs

THE WEEK'S HIGHLIGHTS:
✓ Industrial production decreased at a 2.9 percent annual rate in May,
the third consecutive monthly decrease. Since May 1994, however,
industrial production has increased 3 percent.

✓ Productivity in the business sector (output per hour) rose at a
2.3 percent rate in the first quarter of 1995, substantially above
last month’s preliminary estimate of a 0.3 percent rate of increase.

✓ The consumer price index for all urban consumers (CPI-U) increased
at a 3.2 percent rate in May, following a 4.9 percent rate of increase in
April. Excluding food and energy prices, the CPI rose at a 2.3 percent
rate in May, the smallest rise in five months.
%/ Total retail sales rose at a 2.6 percent rate in May, after falling
4 percent in April. Although auto sales rebounded in May, rising
at a 6.1 percent rate, they have fallen at a 2.1 percent rate since
December. Retail sales are not adjusted for inflation.

✓ After rising at a 5.8 percent rate in April, the producer price index
(PPI)for finished goods was unchanged in May. Meanwhile, the PPI
for intermediate materials rose at a 2.9 percent rate, the slowest
pace in a year.

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.

1
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Federal Reserve Bank of St. Louis

2
Adjusted Monetary Base
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

1995

Billions

Mar 29
Apr 12

463.8
464.4

May 10

Billions of Dollars

467.3
469.3

Jun

7

tfrfTt

S 20 4 18 1 15 29 13 27
Apr

May

Jun

10 24 7 21 5 19 2 10 30 14 20 11 25 0 22 8 22 5 19 3 17 31 14 20

Jul

Aug Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
1994
1995
Latest data plotted reserve maintenance period ending: June 7, 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
To the average of

Compounded annual rates of change, average of two maintenance periods ending:
6/8/94 8/31/94 11/9/94 12/7/94
1/4/95
2/1/95
3/1/95
4/12/95

periods ending:
11/9/94
12/7/94
1/4/95
2/1/95
3/1/95
4/12/95
5/10/95
6/7/95

5.5
5.8
5.2
5.9
6.1
5.8
6.0
6.0


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

5.8
4.3
6.1
6.3
5.B
6.1
6.1

4.2
6.7
6.8
6.0
6.4
6.3

6.5
6.7
5.8
6.3
6.2

9.5
7.0
7.4
7.1

5.2
6.2
6.1

5.8
5.7

7.2

Prepared by Federal Reserve Bank of St. Louis

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

Billions of Dollars

1170

Billions of Dollars

M1
1995 Billions
May 1 1149.4
8 1143.6
15 1143.2.
22 1143.0
29 1141.2
Jun 5 1144.2

TCD

1995

Billions

May 1
8
15
22
29
Jun 5

772.8
767.3
765.8
765.2
763.6
767.2

M1 (left scale)

TCD (right scale)

4 18 2 18 30 13 27 11 25 8 22 5 19 3 17 31 14 28 12 28
Apr

May

Jul

Aug
1994

Sep

Oct

Nov

6 20 3 17

Dec

Mar
Apr
1995

Latest data plotted week ending: June 5, 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)
To the average
of four weeks
ending:
11/7/94
12/5/94
1/2/95
2/6/95
3/6/95
4/3/95
5/8/95
6/5/95

Compounded annual rates of change, average of four weeks ending:
6/6/94
9/5/94
11/7/94 12/5/94
1/2/95
2/6/95
3/6/95
4/3/95

0.7
0.8
0.5
0.7
0.3
0.5
0.4
-0.1


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

-0.9
-1.0
-0.2
-0.8
-0.4
-0.3
-0.9

-0.1
0.8
-0.2
0.2
0.2
-0.7

0.7
-0.7
0.0
0.0
-0.9

-0.4
0.4
0.3
-0.9

-0.8
-0.5
-1.8

0.9
-1.2

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves
Billions of Dollars

Seasonally Adjusted

Billions of Dollars
1H

1995

Billions

Mar 29 100.0
-Apr 12 100.2
26 100.9
May 10 100.0
24 100.8
Jun 7 100.7

no
106

102

9!

99

10

6 20 4 18 1 15 29 13 27 10 24 7 21 5 19 2 1i 30 14 28 11 25
Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

22 5 19 3 17 31 14 21
Feb

Mar

1994

Apr

May

Jun

1995

Latest data plotted two weeks ending: June 7, 1995
Adjusted reserves is the difference between adjusted monetary base and currency component of Ml.

Adjusted Reserves
To the average of

Compounded annual rates of change, average of two maintenance periods ending:
6/8/94 8/31/94 11/9/94 12/7/94
1/4/95
2/1/95
3/1/95
4/12/95

periods ending:
11/9/94
12/7/94
1/4/95
2/1/95
J/t/95
4/12/95
5/10/95
6/7/95

-5.8
—5.3
-5.6
-4.1
-1.6
-5.0
-4.1
-3.5


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

-5.3
-5.8
-3.4
0.2
-4.8
-3.8
-3.0

-5.0
-0.8
4.5
-4.1
-2.7
-1.9

0.0
7.0
-4.5
-2.8
-1.8

15.0
-3.6
-1.7
-0.7

-7.9
-4.3
-2.5

-13.3
-8.7

4.6

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier1/
Averages of Daily Figures
Seasonally Adjusted

Ratio

3.1

2.9

2.7

.

Ratio

I

Compounded anni al
rates of change,
average of the fou
weeks ending
June 5, 1995 from
the four weeks enc
Jun 6. 1994 -v3.8
Aug 29, 1994 -i>.7
Dec 5. 1994 -f5.8
Jan 2. 1995 - 7.7
7.5
Jan 30, 1995
Feb 27, 1995
M
Apr 10. 995 - 3.8

3.1

I

1995

Ratio

Mar 27
Apr 10

2.481
2.471

May

2.4 34
2.4 36
2.4 38

Jun

8
22
5

2.7

2.5

2.3

2.9

2.5

1 It
Apr

I li 30 13 22 11 25 B 22 5 13 3 17 31 14 21 12 25

! 23 S 20 i 20 3 17 I IS 21 12 21

May

Jan

Jun

Jul

Aug
Sep
Oct
Nov
1994
Latest data plotted two weeks ending: June 5, 1995

Dec

Feb

Mar
Apr
1995

May

2.3

Jun

Currency Component of M12/
nvciuycs ui uuny nuuics

Billions of Dollars

Billions of Dollars

Seasonally Adjusted

Compounded annual
rates of change,
average of the four
weeks ending
June 5, 1995 from
the four weeks ending:
Jun 6, 1994 9.0
Sep 5, 1994 8.9
Dec 5, 1994 8.5
Jan 2, 1995 9.4
Feb 6, 1995 8.4
Mar 6, 1995 10.9
Apr 3. 1995 8.2

1995

Billions

May 1

367.4
367.1
368.3
368.6
368.5
367.!

Jun

4 II
Apr

5

2 16 3D 13 27 11 25 8 22 5 19 3 17 31 14 28 12 26 9 23 6 20 6 20 3 17 1 15 29 12 26
May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

1994

Jan

Feb

Mar

Apr

May

Jun

1995

Latest data plotted week ending: June 5, 1995
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

•Prime

I

IS 2)
Apr
May

2 16 30 14 21 11 25 9 23 6 20
Jun

Jul

Aug
1994

Sep

Oct

Nov

Dec

Jan

17 31 14 28
Feb

Mar
Apr
1995

May

Jun

Latest data plotted are averages of rates available for the week ending: June 16, 1995

1995

30—Day
Commercial
Paper

90-Day
CDs

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **

Mar 24
31
Apr 7
14
21
28
May 5
12
19
26
Jun 2
9
16 *

6.05
6.08
6.08
6.08
6.05
6.05
6.07
6.03
6.06
6.05
6.04
6.01
6.04

6.12
6.15
6.15
6.12
6.10
6.09
6.07
6.01
6.03
6.00
5.91
5.88
5.93

6.02
6.05
6.03
6.00
5.99
5.99
5.96
5.91
5.91
5.89
5.82
5.79
5.83

8.10
8.08
8.05
8.04
8.02
8.00
7.89
7.69
7.60
7.51
7.33
7.28
7.39

8.69
8.65
8.62
8.62
8.60
8.57
8.45
8.25
8.15
8.07
7.91
7.87
7.99

6.09
6.07
6.03
6.01
5.96
6.06
6.10
5.96
5.92
5.83
5.79
5.75
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

Selected Interest Rates

Percent

Averages of Daily Figures

5-Year
Treasury Securitiee-

1 15 2S 13 27 10 24 8 22 5 19
Apr

May

Mar 24
31
Apr 7
14
21
28
May 5
12
19
26
Jun 2
9
16 *

Jul

16 30 14 28 11 25 9 23 6 20

17 3 17 31 14 28

Aug
Sep
Oct
Nov
Dec
Jan
Feb Mar
Apr
1994
1995
Latest data plotted are averages of rates available for the week ending: June 16, 1995

1995

Jun

Federal
Funds **
5.97
6.06
6.20
5.98
6.07
5.99
6.05
6.00
6.02
5.99
6.02
6.03
6.02

3—Month
Treasury
Bill

1 -Year
Treasury
Bill

5-Year
Treasury
Securities

10-Year
Treasury
Securities

May

Jun

Long-Term
Treasury
Securities

5.97
7.01
7.16
7.47
5.98
7.01
7.15
7.45
5.99
6.96
7.12
7.41
5.90
6.89
7.08
7.38
5.80
6.78
7.03
7.36
5.85
6.81
7.03
7.33
5.79
6.70
6.93
7.21
5.65
6.41
6.66
6.96
5.64
6.40
6.59
6.89
5.59
6.28
6.49
6.81
5.38
5.98
6.23
6.59
5.37
5.96
6.20
6.55
5.35
5.97
6.22
6.59
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

5.72
5.69
5.70
5.63
5.61
5.67
5.65
5.64
5.69
5.69
5.55
5.56
5.48

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

1995

Billions

May 1
8
15
22
29
Jun 5

Billions of Dollars

3651.3
3649.0
3652.3.
3659.8
3667.9
3678.1
M2 (left

/ *\

Non-M1 M2
1995 Billions
May 1
8
15
22
29
Jun 5

Non-M1 M2 (right scale)

4 II
Apr

2 16 30 13 27 11 25 8 22 5 1! 3 17 31 14 28 12 26 S 23 6 20 6 20 3 17 1
May

Jun

Jul

Aug
1994

Sep

Oct

Nov

Dec

Jan

Feb

Mar
Apr
1995

2501.9
2505.4
2509.1
2516.8
2526.7
2533.9

15 20 12 26
May

Jun

Latest data plotted week ending: June 5. 1995
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.

Moray Stock (M2)
T ..
i o ine average
of four weeks
ending:
11/7/94
12/5/94
1/2/95
2/6/95
3/6/95
4/3/95
5/8/95
6/5/95

Compounded annual rates of change, average of four weeks ending:
6/6/g4
g/5/94 11/7/94 12/5/94 1/2/95
2/6/95
3/6/95
4/3/95

0.0
0.3
0.4
0.8
0.5
0.9
1.1
1.6


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

-0.1
0.3
0.9
0.4
1.0
1.3
1.9

1.7
2.2
1.1
1.8
2.1
2.8

2.3
0.8
1.8
2.2
2.9

0.6
1.9
2.3
3.1

1.2
2.1
3.2

Prepared by Federal Reserve Bank of St. Louis

Savings and Small Time Deposits
Averages ot Dally Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Savings
1995
May 1
8
15
22
29
Jun 5

Small Time

Billions
1078.6'
1080.6
1079.9
1080.9
1084.61088.9

1995 Billions
May 1 902.8 —
8 906.3
15 909.5
22 911.6
29 913.1 —
Jun 5 914.2

Savings Dsposlt8(left scale)

Small Tims (right scale)

4 18 2 16 30 13 27 11 25 8 22 5 1) 3 17 31 11 28 12 20
23 0 20 0 20 3 17 1 IS 20 12 20
Apr May Jun
Jul
Aug Sep Oct
Nov Dec Jan
Feb Mar Apr May Jun
1994
1995
Note: Savings deposits are at all depository institutions.

Large Time Deposits and Money Market Funds17
Billions of Dollars

Averages

ot

Billions of Dollars

Daily Figures. Seasonally Adjusted

Large Time

Money Market

1995

Billions

IMS

May 1
8
15
22
29
Jun 5

383.9 .
383.2
385.7
385.1
383.1
387.1

May 1
8
15
22
29
Jun 5

Billions

396.8 _
400.1
401.4
407.3
410.1
415.5

Large Time

1 18 2 10 30 13 27 11 25 8 22 5 IS 3 17 31 14 28 12 26 9 23 0 20 0 20 3 17 1 15 29 12 20
Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

1994

Dec

Jan

Feb

Mar

Apr

May

Jun

1995

Latest data plotted week ending: June 5, 1995
1/ Large time deposits are those issued in denominations of $100,000 or more.
Money market funds are general purpose and broker/dealer.
Prepared by federal Reserve Bank of St. Louis


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

9

10
Total Borrowings
From i-eaerai Reserve banks
Averages of Daily Figures

Billions of Dollars

1995

BMons

May 10

Billions of Dollars

0.139
0.139
0.149
0.164
0.166
0.133

— Jun

7

Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb Mar
Apr
May
Jun
_
__ _
_
]gg5
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.
Billions of Dollars

All Commercial Banks in the United States
Seasonally Adjusted

Billions of Dollars

Bank Credit
1995 Billions
Apr 26 3437.1
May 3 3438.6
10 3449.7
17 3441.5
24 3455.8­
31 3466.0

Bank Credit (left scale)

Loans and

(right scale)

Apr
May
Jun
Jul
Aug
Sep
C
1994
Latest Wednesday data plotted : May 31. 1995
Current data appear in the Federal Reserve Board's H.8 release.
1/ Includes foreign—related institutions
2/ Includes loans and leases and securities


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

Loans&Leases
. 1995 Billions
Apr 26 2482.9
May 3 2487.9
10 2500.5
.
17 2494.9_
24 2504.4
31 2514.8

Feb

Mar

Apr

May

Jun

Prepared by Federal Reserve Bank of St. Louis

*

Commercial Paper of Nonfinandal Companies

Billions of Dollars

1995

Billions of Dollars

Not Seasonally Adjusted
Billions

May 3 192.704
192.082

Jun

6 20
Apr

181.128
7 181.053

4 11 1 15 29 13 27 10 24 7 21 5 19 2 IS 30 14 21 11 25

8 22 8 22 5 19 3 17 31 14 21

May

Feb

Jun

Jul

Aug
1994

Sep

Oct

Nov

Dec

Jan

Mar
Apr
1995

May

Jun

Latest data plotted week ending: June 7. 1995

Billions of Dollars

Commercial and Industrial Loans

Billions of Dollars

Seasonally Adjusted

All Banks
1995 Billions
- Apr 26 685.6 May 3 688.0
10 690.2
17 690.2
24 690.7
_
31 691.3.

Large Banks (right scale)

Large Banks__
1_9£5

.All Banks (left scale)

Apr 26
May 3
10
17
24
31

Billions

340.2
339.8
341.4
341.7 —
342.0
342.4

6 20 4 IB 1 15 29 13 27 10 24 7 21 5 19 2 16 30 14 21 11 25 0 22 I 22 5 19 3 17 31 14 21
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb Mar
Apr
May
Jun
1994
1995
Latest Wednesday data plotted : May 31, 1995
Current data appear in the Federal Reserve Board's H.8 release.
1/ Includes foreign—related institutions
2/ Weekly reporting, domestically chartered banks
D
.. _ .
.
7
Prepared by Federal Reserve Bank of St. Louis


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

11

Dollar’s Trade-Weighted Exchange Index
1973-100

Averages of Daily Figures

1995 1973=100

May 10
Jun

7

S 20 4 18 1 15 2! 13 27 10 24 7 21 5 19 2 10 30 14 28 11 25 8 22 8 22 5 19 3 17 31 14 28
Apr

May

Jun

Jul

Aug
1994

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr
1995

May

Jun

Latest data plotted week ending: June 14, 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
*

a

IH
3^

m
!H
(■4

a
O'.

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