Full text of U.S. Financial Data : June 17, 1993

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U.S. Financial Data
77/£ WEEK'S HIGHLIGHTS:
t/ Consumer prices rose at a 1.7 percent annual rate in May after a
5.1 percent rate of increase in April. Since November 1992, con­
sumer prices have risen at a 3.4 percent rate, compared with a
3 percent rate during the previous six months.
\/ Industrial production increased at a 2.2 percent annual rate during
May and has risen eight consecutive months, increasing at a 6 per­
cent rate since September 1992.
s/ Retail sales rose 0.1 percent in May after increasing 1.5 percent in
April. May sales were up at a 5.4 percent annual rate from last
September.
*/ New housing starts increased 2.4 percent during May after
increasing 8.1 percent in April. Starts for the January-to-May
period were down 2.1 percent from the same period in 1992.
%/ The merchandise trade deficit was $10.5 billion in April, virtually
unchanged from March. For the first four months of 1993, the
deficit totaled $36.5 billion, up from $22 billion for the same peri­
od in 1992.
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:
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Digitizedtronic
for FRASER
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Federal Reserve Bank of St. Louis

2
Adjusted Monetary Base
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

1993

Mar 31
- Apr 14
28
May 12
26
Jun 9

Billions

393.1
396.0
398.1
399.1
403.7
404.5

I IS 21 13 27 10 24 ! 22 5
Apr

Billions of Dollars

May

Jun

Jul

t!

Aug

I

16

Sep

30 14 20 II 25 ) 23
Oct

Nov

Dec

26 3 17 3 17 31 14 26 12 26 9 23

Jan

Feb

Mar

Apr

May

Jun

1992
Latest data plotted reserve maintenance period ending: June 9, 1993
The adjusted monetary base is the sum of reservp accounts of financial institutions at Federal Reserve banks,
,rl circulation (currency held by the public and in the vaults of all depository institutions! and an
adjustment fpr
Ipr reset
reserve requirement ratio changes. The major souj-c?
of
adjusted monetary !base
—
_. the adjured
5ase is Federc
Federal
Reserve
credit.
Date
. computed by this ban!
'serve
Datamk
are
ascription of the adjusted monetary base is
aj|C
FI
-A
L.
available fpAMA
from 4k!«
this W
bank.
Recent data are preliminary.

Adjusted Monetary Base
annual rates of change, average of two maintenance periods ending:
To the average of Compounded
6/10/92 9/2/92 11/11/92 12/9/92 1/6/93
2/3/93
3/3/93 4/14/93
two maintenance
periods ending:
11/11/92
12/9/92
1/6/93
2/3/93
3/3/93
4/14/93
5/12/93
6/9/93

12.4
11.5
10.9
10.8
12.3
9.9
10.3
11.0


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Federal Reserve Bank of St. Louis

12.8
11.6
11.3
13.4
10.0
10.4
11.3

7.0
8.1
12.2
7.6
8.5
9.9

8.8
14.1
7.8
8.9
10.5

17.7
7.9
9.2
11.0

7.0
9.0
11.2

Prepared by Federal Reserve Bank of St. Louis

Money Stock (Ml) and Total Checkable Deposits
Averages or uaiiy Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

M1
1993

1075

-May 3
in
10
17
24
31
Jun 7

Billions

1055.0­
41065.2
net; o
1068.2
1065.3
1074.3
1072.4

(right scale)

May 3
10

744.4
753.9

31
7

761.2
758.9

(left scale)
Jun

6 20 4 18 1 15 2! 13 27 10 24 7 21 5 1) 2 IS 30 14 20 11 25 8 22
Apr

May

Aug

Jun

Sep

Oct

Nov

Dec

Jan

Feb

22 5 1! 3 17 31 14 28
Mar

Apr

May

Jun

Latest data plotted week ending: June 7. 1993
Current data appear in the Federal Reserve Board's H.6 release.
M1 19 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:
11/9/92
12/7/92
1/4/93
2/8/93
3/8/93
4/5/93
5/10/93
6/7/93

Compounded annual rates of change, average of four weeks ending:
6/8/92
9/7/92
11/9/92 12/7/92
2/8/93
3/B/93
4/5/93
1/4/93

15.0
14.8
13.9
12.7
11.4
10.7
11.0
12.2


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Federal Reserve Bank of St. Louis

18.6
16.0
13.6
11.6
10.6
11.0
12.6

10.8
8.8
7.0
6.4
7.8
10.3

6.8
5.0
4.8
6.7
9.8

3.7
3.8
6.4
10.1

2.6
6.7
11.4

9.3
14.7

19.8

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

US

102

99

99

90

89

92

78
Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Latest data plotted two weeks ending: June 9. 199J
Adjusted reserves is the difference between adjusted monetary base and currency component of M1.

Adjusted Reserves
To
fh. noornn. of Compounded
annual rotes
of change,
average
of two maintenance
periods ending:
Loma™3ce
6/10/92 9/2/92
11/11/92
12/9/92
1/6/«
W93
3/3/93

4/14/93

periods ending:
11/11/92
12/9/92
1/8/93
2/3/93
3/3/93
4/14/93
5/12/93
8/9/93

15.0
12.6
10.2
10.7
17.0
7.4
9.7
12.3


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Federal Reserve Bank of St. Louis

19.5
13.8
14.0
23.1
8.3
11.3
14.6

-2.1
3.3
19.9
0.3
5.4
10.4

4.9
27.4
0.3
6.4
12.0

46.8
1.6
8.9
15.3

-3.3
7.2
15.4

-14.3
0.4

Prepared by Federal Reserve Bank of St Louis

Money Multiplier 1/
Averages of Daily Figures
Seasonally Adjusted
Compounded annual
rat«9 of change,
average of the four
weeks ending
June 7, 1993 from
the four weeks ending:
Jun 8. 1992 1.3
Aug 31, 1992 1.4
Dec 7. 1992 -0.2
Jan 4, 1993 -1.0
Feb 1. 1993 -0.5
Mar 1, 1993 6.3
Apr 12, 1993 3.2

Ratio
Mar 29
Apr 12

2.639
2.635
2.613
2.657
2.643
2.654

May 10
Jun

6 20 4 18 1 15 28 13 27 10 24 7 21 5 18 2 16 30 14 28
25 8 22
Sep Oct Nov Dec Jan
Feb
Apr May Jun
Jul
Aug
1992
Latest data plotted two weeks ending: June 7, 1993

7

12 5 1! 3 17 31 H 28
Mar Apr May Jun
1993

Currency Component of M12/
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

310

i

i

Billions of Dollars

310

r

Compounded annual
rates of change,
average of the four
weeks ending
June 7, 1993 from
the four weeks ending:
Jun 8, 1992 10.6
Sep 7, 1992 10.1
Dec 7, 1992 9.9
Jan 4, 1993 9.7
Feb 8, 1993 9.9
Mar 8, 1993 9.9
Ap
5, 993 9.4

300

290

300

290

290

270 6

199 2

Bill!ons

10
17
24
31
Jun 7

303.0
303.9
304.2
305.0
305.3

___ I____I___
' 20'

4 18
Apr May

15 2
Jun

13 27 10 24 7 21 5 19 2 16 3 14 28 11 25 8 22 8 22 5 19 3 17 114 28
Feb Mar Apr May Jun
Aug
Nov Dec Jan
Sep Oct
Jul
1993
1992

Latest data plotted week ending: June 7, 1993
1/ Ratio of M1 to adjusted monetary base
2/ Current data appear in the Federal Reserve Board's H.6 release.


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Federal Reserve Bank of St. Louis

5

290

270

Prepared by Federal Reserve Bank of St. Louis

6
Yields on Selected Securities
Percent

Averages of Doily Figures

3 17 1 IS 2! 12 21 It 21 7 21 4 II 2 II 31 13 27 II 2S I 22 S II 5 II 2 11 31 H 21 11 25
Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Latest data plotted are averages of rates available for the week ending: June 18. 1993

1993

90—Day
CDs

30—Day
Commercial
Paper

90—Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **

Mar 26
Apr 2
9
16
23
30
May 7
14
21
28
Jun 4
11
18 *

3.11
3.12
3.11
3.09
3.08
3.08
3.06
3.07
3.12
3.16
3.21
3.25
3.17

3.14
3.19
3.16
3.14
3.10
3.10
3.08
3.09
3.11
3.15
3.18
3.20
3.18

3.07
3.09
3.07
3.04
3.04
3.04
3.03
3.04
3.07
3.12
3.16
3.21
3.13

7.59
7.64
7.61
7.45
7.34
7.40
7.37
7.41
7.48
7.46
7.39
7.38
7.33

8.15
8.23
8.25
8.07
8.05
8.15
8.13
8.18
8.28
8.27
8.16
8.13
8.07

5.78
5.86
5.84
5.70
5.67
5.75
5.71
5.69
5.77
5.73
5.67
5.68
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


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Federal Reserve Bank of St. Louis

Selected Interest Rates

Percent

Averages of Doily Figures

\

r

Discount

3 17

1 15 2! 12 21 10 24 7 21 4 18

Apr May

Jun

Jul

Aug

Sep

2 18 JO 13 27 11 25 8 22 5 19 5 10 2 16 30 14 28
Oct

Nov

Dec

Jan

Feb

Mar

1992

Apr

May

11 25
Jun

1993

Latest data plotted are averages of rates available for the week ending: June 1B. 1993

1993

Federal
Funds **

3—Month
Treasury
Bill

6—Month
Treasury
Bill m.

1 —Year
Treasury
Bill

5-Year
Treasury
Securities

Long-Term
Treasury
Securities

5.20
6.63
2.92
3.05
3.16
2.93
Mar 26
5.25
6.74
3.17
3.18
2.91
3.04
Apr 2
6.72
5.21
3.11
2.91
3.04
3.16
9
6.52
5.08
2.93
2.85
3.00
3.09
16
5.06
6.49
3.05
23
2.91
2.81
2.96
5.14
6.62
2.91
3.12
30
2.87
2.95
6.55
5.05
3.11
May 7
2.98
2.87
2.98
5.10
6.58
3.14
14
2.90
2.91
2.99
6.72
5.28
3.01
2.99
3.10
3.26
21
6.71
5.36
3.39
3.07
3.06
3.19
28
6.62
3.44
5.29
3.09
3.06
3.22
Jun 4
6.60
3.46
5.32
2.96
3.10
3.30
11
3.33
5.19
6.52
18 *
3.01
3.05
3.19
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


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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

3550

Billions of Dollars

2725

I

“

M2
1993 Billions

1500

May 3
10
17
24
31
Jur 7

3450

3487.1
3505.9
3508.8
3 506.2
3 509.3
3 518.9

2(25

M2 left sc lie)

2525

■—V
vs_s>
*

3400

*—

Non-In 1 M2 (r ight sc ale)

2425

No 1-M1 I 42
199
Billieina

3350

3300

/

*

May 3 2432.1
10 2440.7
17 2440.6
24 2440.9
31 2435.0
Jun 7 2448.5
______ L_

s 21 4 II I 15 !! 13 27 10 24 7 21
Apr

May

Jun

Jul

Aug

Sep

5 I! 2 10 30 14 20

11 25 1 22 I 22 5 I! 3 17 31 14 20

Oct

Jan

Nov

Dec

Feb

1992

Mar

Apr

May

2325

2225

Jun

1993

Latest data plotted week ending: June 7, 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 Stock (M2)
To the average
of four weeks
ending:
11/9/92
12/7/92
1/4/93
2/8/93
3/8/93
4/5/93
5/10/93
6/7/93

Compounded annual rates of change, average of four weeks ending:
6/8/92
9/7/92
11/9/92 12/7/92 1/4/93
2/8/93
3/8/93
4/5/93

2.0
1.8
1.5
0.6
0.4
0.2
0.5
1.3


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Federal Reserve Bank of St. Louis

2.8
1.9
0.5
0.1
0.0
0.4
1.4

0.0
-1.6
-1.7
-1.6
-0.7
0.7

-2.7
-2.5
-2.2
-1.0
0.7

-3.2
-2.5
-1.0
1.0

-1.6
0.2
2.6

1.2
4.1

Prepared by Federal Reserve Bank of St Louis

Savings and Money Market Funds
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

1260

Billions of Dollars

♦20

—1------------- 1----------------

Savings
1993 Billions
May 3 1188.2

1220

1180

17
24
31
Jun 7

380

11 £4.8
11 £2.6
11 £4.4
12 00.0

r

360
-----------

V**

- •k. —■

”

i

-

V _ -

m

-

-k. * s ^
““

mo

■—*

Mon jy Market (righ t seal* )

330

Mo ney Meirket
199 3 Bin: ons
posits [left sc

May 3

33 5.5

17
24
31
Jun 7

334.9
338.1
337.5
337.5

i. ■■■)■■ ■

1 TfT
i '■ r
270
1 1 1 1
i ■ r~ 1 ' 1 MM' r rrr '1*1 »i*i M 1 1
'
1060 6 !0 4 ' IU' 1 M
15 2) 13 27 10 24 7 21 5 1) 2 10 30 14 21 11 25 I 22 I 22 S 1! 3 17 31 11 21
t

Apr

May

Jun

Jul

Aug Sep
1992

Oct

Nov

Dec

Jan

Feb

Mar

Apr
1993

May

Jun

Note: Savings deposits are at all depository institutions. Money market funds are general purpose
and broker/dealer.
1 ,

Large and Small Time Deposits’'
_ ..
Billions of Dollars

All Depository Institutions
Averages of Daily Figures, Seasonally Adjusted

Billions of Dollars

425

--------- 1---------Small Tim e
1993 giiljc ns
May 3 840 .9
10 839 .8
17 836 .1
.3 —
2 1 835 .9
Jun 7 833 .9

395

1075

1010

V

*»

365

1

945

Lar je Tim s (left jeale)

k '-J

■'v
Lclrge Ti me
1532 BL lions

335

k

880

10 345.6
17 343.8
24 340.1
31 343.4
Jun 7 342.0

Small T mo (ri ght sea e)

■k

J.......u

1 •» "I ~* *i ■ i-*'1 M *~ MM

■' l~r~l M M

r ■•-r- ■[ r i » i i ■ r r
305 6 20 4 11 1 15 20 '131 '27T 'M'l
10 24 7 21 5 10 2 10 30 14 21 11 25 8 22 1 22 5 10 3 17 31 14

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

1992

Dec

Jan

Feb

Mar

Apr

May

Jun

1993

Latest data plotted week ending: June 7,1993
1 / Large time deposits ore those issued in denominations of $100,000 or more.
Prepared by Federal Reserve Bank of St. Louis


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Federal Reserve Bank of St. Louis

9

815

10
Total Borrowings
From reaerai Neserve banks
Averages of Daily Figures

Billions of Dollars

1993

Billions

- May 12
19
26
Jun 2
9
_
16

Apr

Billions of Dollars

0.202
0.095
0.113
0.124
0.112
0.135

May

Jun

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

Billions of Dollars

1993
- May 12
19
26
Jun 2
9
_
16

Apr

Billions of Dollars

Billions
0.202
0.095
0.113
0.124
0.112
0.135

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Latest data plotted week ending: June 16, 1993


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

Billions______
of Dollars

Not Seasonally Adjusted

May 5 161.862
158.672
159.499
158.801
Jun 2 158.693
155.445

1 15 28 13 27 10 24 I 22 5 10 2 16 30 14 28 11 25
Apr
May Jun Jul
Aug Sep
Oct Nov
1992

8 23 6 20 3 17 3 17 31 14 28 12 21 8 23
Dec Jan
Feb Mar Apr May
Jun
1993

Latest data plotted week ending: June 9, 1993

Commercial and Industrial Loans17
Weekly Reporting Large Commercial Banks 2/
Seasonally Adjusted

Billions of Dollars
325 ---------1----------1--------- 3l
Compounded annu
rotes of change,
average of the four
weeks ending
315
June 2, 1993 from
the four weeks end ng:
Jun 3, 1992 -3 .8
Sep 2. 1992 -3 .2
305
Dec 2. 1992 -€ .2
Dec 30, 1992 -5 .0
Feb 3. 1993 -5 .0
Mar 3, 1993 -4 .0
Mar 31, 1 99 J -J .7
205

—

Billions of Dollars
325
i

199. \
8
May 5
2
; 9
6
Jun 2

Billions
271.877_
272.587
271.901
272.130
274.237
275.230

315
305
215

205

205

275

275

265

1 IS 29 IS 27 11 24 I 22
Jul
Apr May Jun

S 19 2 16 10 14 21 11 25
Aug Sep Oct Nov
1992

9 23 6 20 3 17 3 17 31 14 21 12 26 9 23
Dec Jan
Feb Mar Apr May Jun

265

1993

Latest data plotted week ending: June 2. 1993
1 / 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


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Federal Reserve Bank of St. Louis

11

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

T------- 115
19931973=100

I 15 2! 13 27 10 24
Apr

May

Jun

Jul

19 2 11 30 14 21 11 25 9 23 6 20 3 17 3 17 31 14 28 12 26 9 23
Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Latest data plotted week ending: June 16, 1993
Current data appear in the Federal Reserve Board'9 H.10 release.
c^^cI^Jldes076^9*8 °f th* for®'9n-currency price of the U.S. dollar, computed using 10 industrial


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis