Full text of U.S. Financial Data : June 22, 1995

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

June 22,1995

RESEARCH LIBRARY
Fjfdfrff*°«rr% Bank

*

1 T\

,

Mffiicial Data

FEDERAL
JKAMtof
RESERVE
X

nr

ST. LOUIS

THE WEEK'S HIGHLIGHTS:
✓ The federal budget deficit measured $39 billion in May. So far in
fiscal year 1995, the deficit totals $133.2 billion, down 19.1 percent
from the same period in fiscal year 1994. According to the Office of
Management and Budget, the budget deficit in fiscal year 1995 is
expected to total $192.5 billion, down 5.3 percent from the previous
year.
✓ The goods and services trade deficit measured $11.4 billion in April,
$1.6 billion more than the March deficit and $2.5 billion more than
a year earlier. Exports in April fell 1.3 percent to $64 billion, while
imports rose 1 percent to $75.4 billion.
✓ Privately owned housing starts were at an annual rate of 1,239,000
units in May, down 1.3 percent from April and down 19.8 percent
since December 1994. Housing permits were at an annual rate of
1,245,000 units in May, up 0.2 percent from April but off 12.3 percent
from December 1994.
^ Initial unemployment insurance claims totaled 395,000for the week
ending June 17, the largest since the week ending Jan. 29, 1994.
Measured on a four-week moving average basis, initial jobless
claims totaled 381,000, up 9,500from four weeks earlier and up
27,750from a year earlier.

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
(314) 444-8808 or (314) 444-8809. Sorry, no refunds.
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 ot uaily Mgures
Seasonally Adjusted

Billions of Dollars

1995

Billions

Apr 12

464.4
466.8
467.3
469.3
468.8
466.3

May 10
Jun

6 20
Apr

7

4 18 1 15 29 13 27 10 24 7 21 5 19 2 16 30 14 28
May

Jun

Billions of Dollars

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: June 21, 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 descnption of the adjusted monetary base is
available from this bank.
Recent data are preliminary.

Adjusted Monetary Base
To the average of
two maintenance
periods ending:
11/23/9+
12/21/94
1/18/95
2/15/95
3/15/95
4/26/95
5/24/95
6/21/95

Compounded annual rates of change, average of two maintenance periods ending:
6/22/94 9/14/94 11/23/94 12/21/94 1/18/95 2/15/95 3/15/95 4/26/95

5.9
5.4
5.8
6.2
6.1
6.0
6.1
5.5


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

4.8
5.5
6.2
6.0
5.9
6.1
5.3

5.4
6.7
6.3
6.1
6.4
5.2

8.6

7.4
6.8
7.0
5.6

7.2
6.5
6.8
5.1

5.4
6.1
4.3

6.5
4.0

2.8

Prepared by Federal Reserve Bank of St. Louis

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

Billions of Dollars

1190

1170

I

Billions of Dollars

I

845

1 TCD 1

M1
1995 Billions
May 8 1143.6
15 1143.2
_
22 1142.8
29 11 4-1.1
Jun 5 11 4-3.9
12 11 4-3.4

1995

Billions

May 8
15

767.3
765.8

9
5
2

76v .5
766 .9
766 .9

Jun

825

M1 (left sc ale)

1150
---

✓✓

e*

A

\

805

« '*•' N
*

'■ ‘ *Ni

TCD ( right s :ale)

1110

1090

785

/✓

_________ i___

N

1130

/n
i
\
\_
----- **7

765

—'"'i 1 -T"i ■ r
Apr

May

745
Jun

Jul

Aug
1994

Sep

Oct

Nov

Dec

Jan

Feb

Apr
Mar
1995

May

Jun

Latest data plotted week ending: June 12, 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
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
6/13/94 9/12/94 11/14/94 12/12/94 1/9/95 2/13/95 3/13/95 4/10/95
of four weeks
ending:
11/14/94
12/12/94
1/9/95
2/13/95
3/13/95
4/10/95
5/15/95
6/12/95

0.4
0.9
0.4
0.5
0.2
0.5
0.2
-0.1


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

-0.7
-1.1
-0.6
-0.8
-0.4
-0.6
-1.0

0.5
0.7
0.1
0.6
0.0
-0.5

-0.6
-1.0
-0.1
-0.6
-1.1

-0.4
0.6
-0.2
-0.9

0.3
-0.6
-1.5

0.0

-1.3

-3.0

Prepared by Federal Reserve Bank of St. Louis

4
Adjusted Reserves
Billions of Dollars

Seasonally Adjusted

Billions of Dollars

114
1995

110

Mar 29
- Apr 12
May 10
24
Jun 7

Billions
100.0
100.2
100.0
100.8
100.6

110

IDS

10!

94

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

May

Aug
1994

Jun

Sep

Oct

Nov

Dec

25 8 22 8 22 5 19 3 17 31 14
Jan

Feb

Mar

Apr

May

Jun

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

-5.8
-5.3
-5.6
-4.1
-1.6
-5.0
-4.2
-3.6


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

-5.3
-5.8
-3.4
0.2
-4.8
-3.9
-3.1

-5.0
-0.8
4.5
-4.1
-2.9
-2.0

0.0
7.0
-4.5
-3.0
-2.0

15.0
-3.6
-2.0
-0.9

-7.9
-4.7
-2.8

-13.8
-9.0

4.0

Prepared by Federal Reserve Bank of St. Louis

90

Money Multiplier1/
Averages of Daily Figures

Ratio

Ratio

3.1

2.S

2.7

.

1

Compounded anni
rates of change,
average of the fou r
weeks ending
June 5, 1995 from
the four weeks enc ing:
Jun 6. 1994 - 5.8
Sep 12. 1994 - 6.8
Dec 5, 1994 - 6.8
Jan 16, 1995 - 7.7
Feb 13, 1995 - 7.2
Mar 13, 1995 - 7.3

1----

1995

Ratio

Mar 27
Apr 10

2.481
2.471

May 8
2
Jun 5

2.4 54
2.4 36
2.4 38

2.!

2.7

2.5

2.3

3.1

2.5

•1 i ■ 1
Apr

1 i ' i -,~r ■ i
May

Jun

2! 5 H i 17 31 14 !8 12 26

Jul

Aug Sep
Oct
Nov
1"4
Latest data plotted two weeks ending: June 5, 1995

Dec

9 23 S 20 fl 20 } 17 1 15 29 12 25

Jan

Feb

Mar

Apr
1995

May

2.3

Jun

Currency Component of M12/
Averages of Daily Figures

Billions of Dollars

375

365

355

Billions of Dollars

1
1
Compounded anni al
rates of change,
average of the fou r
weeks ending
June 12. 1995 fro m
the four weeks en< ing:
Jun 13. 1994 B. 7
Sep 12. 1994 3.6
Dec 12. 1994 3.2
Jan 9, 1995
9.0
Fe 13, 995
3.0
Ma 13, 995
3.6
Ap 10, 995
5.7

375

365
-

355

365

345

335

325

1995

Billio ns

May a

367 .1

22
29
Jun 5
12

368.6
368.5
367.9
367.3

l 1 t T' 1 i
Apr

May

Jun

Jul

Aug
1994

Sep

Oct

Nov

Dec

Jan

Feb

Mar
Apr
1995

I

~T l ' l1' i ■ I
May

Jun

Latest data plotted week ending: June 12. 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

335

325

6
Yields on Selected Securities
Percent

Percent

Averages of Daily Figures

Corporate

Loan date

Municipal Bonds

I IS 23
Apr

22 5 IS 2 IS 3D 14 23
May

Jun

Jul

Aug
1994

Sep

Oct

17 31 H 21
Nov

Dec

Jan

Feb

Mar
Apr
1995

May

Jun

Latest data plotted are averages of rates available for the week ending: June 23, 1995

1995

30-Day
Commercial
Paper

90-Day
CDs

90-Day
Bankers'
Acceptances

Mar 31
Apr 7
14
21
28
May 5
12
19
26
Jun 2
9
16
23 *

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

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

6.05
6.03
6.00
5.99
5.99
5.96
5.91
5.91
5.89
5.82
5.79
5.83
5.84

Corporate
Aaa Bonds
8.08
8.05
8.04
8.02
8.00
7.89
7.69
7.60
7.51
7.33
7.28
7.37
7.31

Corporate
Baa Bonds

Municipal
Bonds ***
♦

8.65
8.62
8.62
8.60
8.57
8.45
8.25
8.15
8.07
7.91
7.87
7.97
7.91

6.07
6.03
6.01
5.96
6.06
6.10
5.96
5.92
5.83
5.79
5.75
5.86
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

Percent

Averages of Daily Figures

VV/

Federal

3-Month
Treasury Bi

Discount Rate

1 IS 21 13 27 II 21 I 22 5 1! 2 11 30 14 28
Apr

May

Jun Jul

Aug

Sep

Oct

11 25 9 23 S 20 3 17 3 17 31 14 21 12 21 9 23
Nov

Dec

Jan

Feb

1994

Mar

Apr

May

Jun

1995

Latest data plotted are averages of rates available for the week ending: June 23, 1995

1995
Mar 31
Apr 7
14
21
28
May 5
12
19
26
Jun 2
9
16
23 *

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

3-Month
Treasury
Bill

1 -Year
Treasury
Bill

5.69
5.70
5.63
5.61
5.67
5.65
5.64
5.69
5.69
5.55
5.56
5.48
5.46

5.98
5.99
5.90
5.80
5.85
5.79
5.65
5.64
5.59
5.38
5.37
5.35
5.31

5-Year
Treasury
Securities

10—Year
Treasury
Securities

Long-Term
Treasury
Securities

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
5.98
6.23
6.59
5.96
6.20
6.55
5.96
6.21
6.59
5.89
6.14
6.52
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

8
Money Stock (M2) and Non-M1 Components of M2
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

3695

1

Billions of Dollars

2555

1

M2
1995 Billions

3620

May 8
15
22
29
Jun 5
12

3648.4
3651.8
3659.2
36 67.5
36 78.1
36 87.3

2530

V

3645

2505

/
A//
1 (2 (left scale)
/ /
It
Jt
v/

3620
X

t

-

Non-M

3570

' i '

'Ml -1 1 ' l 'Ml

Apr

May

Nori-M1 42
1995 Billie ns

\

3595

May 8
15
22
29
Jun 5
12

M2 (r ight sc »<0

rr-rr I'M1 MM

2480

J ,
/
/

_/

V

/V/

'Ml1

M ' 1

4 18 2 16 30 13 27 11 25 8 22 5 19 3 17 31 14 28 12 26 9 23 6 20 6 20 3 17 1
Jun

Jul

Aug
1994-

Sep

Oct

Nov

Dec

Jan

Feb

Mar
Apr
1995

2504.8
2508.6
2516.4
2526.4
2534.2
2543.9

15 29 12 26
May

2455

2430

Jun

Latest data plotted week ending: June 12, 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. bank3, 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)
Tft
nwamno
Compounded annual rates of change, average of four weeks ending:
of four weeks 6/13/94 9/12/94 11/14/94 12/12/94 1/9/95 2/13/95 3/13/95 4/10/95
ending:
11/14/94
12/12/94
1/9/95
2/13/95
3/13/95
4/10/95
5/15/95
6/12/95

-0.1
0.5
0.6
0.8
0.5
1.0
1.3
1.8


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

0.2
0.5
0.8
0.4
1.1
1.5
2.2

2.5
2.3
1.3
2.2
2.5
3.3

1.7
0.6
1.9
2.2
3.2

0.3
2.0
2.4
3.5

2.1
2.6
4.0

Prepared by Federal Reserve Bank of St. Louis

Savings and Small Time Deposits
Averages ot uauy Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Savings
1995 Billions
May 8 1080.6'
15 1079.9
22 1080.9
29 1084.7
—Jun 5 1088.8­
12 1091.8

Small Time
1995 Billions
May 8
15
22
29
Jun 5
12

905.8
909.0
911.2
912.8
914.3 —
915.9

Savings Deposfts(left scale)

Small Tims (right scale)

4 IB

Z 16 30 13 27

Apr May

Jun

II 25 8 22 5 19 3 17 31 14 28 12 26 9 23 6 20 6 20
Jul

Aug Sep
Oct
Nov
1994
Note: Savings deposits are at all depository institutions.

Dec

Jan

Feb

3 17 1 15 29 12 26

Mar
Apr
1995

May

Jun

Large Time Deposits and Money Market Funds1 /
All Depository Institutions
Averages of Daily Figures, Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Large Time
1995 Billions
_ May 8
15
22
29
Jun 5
_
12

4

Money Market
1995 Billions

383.2 .
385.7
385.1
383.1
387.3
387.3

II ! If 10 11 27 11 25
Apr
May
Jun
Jul

May 8
15
22
29
Jun 5
12

1 22 S 19
Aug Sep
1994

400.1 .
401.4
407.3
410.6
415.5
423.0

- 440

3 17 31 14 21 12 If 9 23

f 21 t 21 3 17 1 15 29 I! 2f

Oct

Feb

Nov

Dec

Jan

Mar

Apr
1995

May

Jun

Latest data plotted week ending: June 12, 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 Federa| RaMfv, Bank of s, ^


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

9

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

1-995

May 17
Jun

6 20

7

Billions of Dollars

Billion,s

0.139
0.149
0.164

0.166

0.133
0.438

4 IB I 15 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

Apr

May
Jun
Jul
Aug
Sep 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

_....
. _ ..
Billions of Dollars

3500
3450
3400

,,

All Commercial Banks in the United States /
Seasonally Adjusted

Billions of Delta™

2550

—I---------Bank Cr edit
1125 & lions
“May 3 3«138.6
10 3^149.4
17 3"1-41.5
24 3^155.9
Jun

2500

7 3'165
kCred it (left

3350

2450

/
✓ «■*
yy

/

2400

3300

2350
’
*

3250
3200

"

Yv/ *

S./>

*'
/

L >ana a id Leai tea (ric it seal 0

Loan s&Lea ses
Billi
199
May 3 2488.0
10 2500.2
17 2494.8
Jun

3150

( 20
Apr

4 18 I 15 21 12 22 10 24 2 21
May

Jun

Jul

5 1) 2 1( 20 14 21

51 2515.6
7 2515.5

11 25 8 22 0 22 5 1) 2 12 21 14 21

Aug Sep
Oct
Nov
Dec
Jan
Feb Mar
Apr
May
Jun
1994
1995
Latest Wednesday data plotted : June 7, 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
_
„ . __ _
Prepared by Federal Reserve Bank of St. Louis


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

2300
2250
2200

1

•

•

Commercial Paper of Nonfinandal Companies

Billions of Dollars

Billions of Dollars

Not Seosonolly Adjusted

May 10

• M 4 II 1 15 2) 13 27 10 24 7 21 5 1) 2 11 31 14 21 11 25 I 22 I 22 5 1) 3 17 31 14 21
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

Commercial and Industrial Loans

Billions of Dollars

705

Billions of Dollars

370

1

All Ban ks
1995 fli lions
(05 — May 3
10
17
24
31
Jun 7

((5

6 88.1 —i
6 90.2
6 90.3
6 90.7
6 91.2
6 90.9

350
*
s

330

arge B anks (right sc ole)2/
//

(15

310
-

(25
(05

/
A 1 Bank (left cale)1

J

1995 Billions
May 3 339.8
10 341.4
17 341.6
24 342.0
31 342.4
Jun 7 341.6

1

5(5

20 4 IB
Apr May


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

11

270

1

IS 2! U 27 it H 7 21 5 it 2 it 3 14 21 11 25
1 22 1 22 5 1! 3 17 3 14 2
Jun
Jul
Aug Sep Oct Nov
Dec Jan
Feb Mar Apr May Jun
1994
1995

Latest Wednesday data plotted : June 7, 1995
Current data appear in the Federal Reserve Board's H.8 release.
1/ Includes foreign—related institutions
2/ Weekly reporting, domestically chartered banks

290

Prepared by Federal Reserve Bank of St. Louis

250

Dollar’s Trade-Weighted Exchange Index
1973-100

1973-100

Averages of Dally Figures

1995 1973-100
May 17

( 20 4 18 1 15 2) 13 27 10 21 7 21 5 IS 2 11 30 11 28 11 25 8 22 0 22 5 IS 3 17 31 11 28
Apr

May

Jun

Jul

Aug
1994

Sep

Oct

Nov

Dec

Jan

Feb

Mar
Apr
1995

May

Jun

Latest data plotted week ending: June 21, 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

Sh

PC

<
CC
03

H

w
H

>
PC

tn