Full text of U.S. Financial Data : June 26, 2003 : Print Version
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June 26, 2003 USFinancialData U.S. Financial Data will be web-only after June 26, 2003. But the end of the printed version of USFD signals the beginning of an even better publication. As our readers know, we will discontinue printing and mailing the publication at the end of June 2003. At the same time, we will be providing an enhanced, web-based version of USFD. We have improved the publication by adding more data: USFD now contains more exchange rates, stock indices, futures and commodities prices (including oil and gas), and yields on Treasury inflation-indexed securities. In place of the usual front-page financial highlights, the electronic form of USFD will offer a calendar of releases updated weekly. This calendar will include many links to sources of economic and financial data. (For example, users will be able to click on the updated releases from the Bureau of Labor Statistics—as they become available—and be taken directly to their web site.) We hope that the new USFD will be even more versatile and valuable to our subscribers. The new version is now available at research.stlouisfed.org/publications/usfd2. All data are seasonally adjusted unless otherwise indicated. U.S. Financial Data is published weekly by the Research Division of the Federal Reserve Bank of St. Louis. For more information on data in this publication, please visit research.stlouisfed.org/fred2 or call (314) 444-8590. To be added to our free email notification list, please visit our web site at research.stlouisfed.org/publications/usfd2. Adjusted Monetary Base Averages of Daily Figures Seasonally Adjusted 730 Billions of Dollars 2003 Apr 16 30 May 14 28 Jun 11 25 720 Billions of Dollars Billions 707.024 719.020 719.880 724.854 717.801 719.787 730 720 710 710 700 700 690 690 680 680 670 670 660 660 1 15 29 12 26 10 24 May Jun Jul 7 21 Aug 4 18 2 Sep 16 30 13 27 11 25 Oct Nov 8 Dec 22 Jan 5 19 Feb 5 19 Mar 2002 2 16 30 14 28 11 25 Apr May 9 Jun 23 Jul 2003 The adjusted monetary base is the sum of Federal Reserve deposits and vault cash held by domestic depository institutions, currency held by the public, and an adjustment for the effect of changes in reserve requirement ratios. The monetary base series includes Federal Reserve deposits used to satisfy clearing balance contracts. 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 two maintenance periods ending: Compounded annual rates of change, average of two maintenance periods ending: 6/26/02 9/18/02 11/27/02 12/25/02 1/22/03 2/19/03 3/19/03 11/27/02 5.2 12/25/02 5.3 4.3 1/22/03 7.3 7.9 13.2 2/19/03 7.8 8.6 12.7 16.6 3/19/03 7.3 7.7 10.2 11.9 7.4 4/30/03 6.2 6.2 7.3 7.7 4.0 1.1 5/28/03 7.2 7.5 8.9 9.6 7.1 5.8 6.8 6/25/03 6.1 6.0 6.8 7.0 4.5 3.0 2.9 4/30/03 5.4 Prepared by the Federal Reserve Bank of St. Louis Money Zero Maturity (MZM) Averages of Daily Figures 6400 Seasonally Adjusted Billions of Dollars 2003 May 12 19 26 Jun 2 9 16 6200 Billions of Dollars Billions 6252.4 6261.5 6276.8 6287.0 6287.7 6317.8 6400 6200 6000 6000 5800 5800 5600 5600 6 20 3 May 17 Jun 1 15 29 12 26 Jul 9 23 7 Aug Sep 2002 21 Oct 4 18 2 Nov 16 30 13 27 10 24 10 24 Dec Jan Feb Mar 7 21 5 Apr 2003 19 2 May 16 30 14 28 Jun Jul MZM is M2 minus total small−denomination time deposits, plus institutional money funds, which are included in the non−M2 component of M3. Each component is seasonally adjusted. Money Zero Maturity (MZM) To the average of four weeks ending: Compounded annual rates of change, average of four weeks ending: 6/17/02 9/16/02 11/18/02 12/16/02 1/13/03 2/17/03 3/17/03 11/18/02 7.9 12/16/02 10.0 11.6 1/13/03 8.4 8.3 9.6 2/17/03 8.3 8.2 8.9 3.4 3/17/03 7.7 7.3 7.3 3.1 5.3 4/14/03 6.7 6.0 5.4 1.9 3.0 0.1 5/19/03 7.4 7.0 6.9 4.4 5.8 5.0 6.2 6/16/03 7.6 7.4 7.4 5.3 6.6 6.3 7.6 4/14/03 12.2 Prepared by the Federal Reserve Bank of St. Louis Adjusted Reserves Seasonally Adjusted 100 Billions of Dollars 2003 Apr 2 16 30 May 14 28 Jun 11 90 Billions of Dollars 100 Billions 71.217 67.103 73.384 72.044 76.091 72.144 90 80 80 70 70 60 60 50 50 1 15 29 12 26 10 24 May Jun Jul 7 21 Aug 4 18 2 Sep 16 30 13 27 11 25 Oct Nov 8 Dec 22 Jan 5 19 Feb 2002 5 19 Mar 2 16 30 14 28 11 25 Apr May Jun 9 23 Jul 2003 Adjusted reserves is the difference between the adjusted monetary base and the currency component of M1. Adjusted Reserves To the average of two maintenance periods ending: Compounded annual rates of change, average of two maintenance periods ending: 6/12/02 9/4/02 11/13/02 12/11/02 1/8/03 2/5/03 3/5/03 11/13/02 0.4 12/11/02 5.5 14.7 1/8/03 5.1 11.8 19.2 2/5/03 13.9 25.2 43.6 46.0 3/5/03 6.1 11.2 14.4 7.3 9.9 4/16/03 −1.2 −0.1 −2.8 −10.2 −13.5 −39.1 5/14/03 4.4 7.5 7.9 3.1 3.3 −15.5 −1.7 6/11/03 6.1 9.4 10.4 6.6 7.4 −7.3 6.1 4/16/03 56.8 Prepared by the Federal Reserve Bank of St. Louis Money Stock (M1) and Total Checkable Deposits Averages of Daily Figures Seasonally Adjusted 1450 Billions of Dollars Billions of Dollars M1 2003 May 12 19 26 Jun 2 9 16 1400 1350 875 TCD Billions 1249.7 1261.8 1269.4 1261.4 1261.1 1276.7 2003 May 12 19 26 Jun 2 9 16 Billions 597.2 608.2 615.4 607.5 606.5 622.5 825 775 1300 725 M1 (left scale) 1250 675 1200 625 1150 575 TCD (right scale) 1100 525 6 20 3 May 17 1 Jun 15 29 12 26 9 Jul Sep Aug 23 7 21 4 Oct 18 2 Nov 16 30 13 27 10 24 10 24 Dec Jan Feb 7 5 Apr Mar 2002 21 19 2 May 16 30 14 28 Jun Jul 2003 M1 is the sum of currency held by the nonbank public, total checkable deposits, and travelers checks. Total checkable deposits is the sum Fix of demand deposits and other checkable deposits at depository institutions. Current data appear in the Federal Reserve Board’s H.6 release. Currency Component of M1 Averages of Daily Figures Seasonally Adjusted 710 Billions of Dollars Billions of Dollars Compounded annual rates of change, average of the four weeks ending June 16, 2003, from the four weeks ending: 690 6.4 6.3 6.7 7.0 6.0 5.2 4.5 Jun 17, 2002 Sep 16, 2002 Dec 16, 2002 Jan 13, 2003 Feb 17, 2003 Mar 17, 2003 Apr 14, 2003 670 650 2003 May 12 19 26 Jun 2 9 16 Billions 645.0 646.1 646.6 646.3 647.0 646.6 710 690 670 650 630 630 610 610 590 590 6 20 May 3 17 Jun 1 15 29 12 26 Jul 9 Aug 23 Sep 7 21 Oct 4 18 Nov 2002 2 16 30 13 27 10 Dec Jan 24 10 24 Feb Mar 7 21 Apr 2003 5 19 May 2 16 30 14 28 Jun Jul Current data appear in the Federal Reserve Board’s H.6 release. Fix Prepared by the Federal Reserve Bank of St. Louis Yields on Selected Securities Averages of Daily Figures 8.00 Percent Percent 8.00 7.00 7.00 6.00 6.00 Corporate Aaa Bonds 5.00 5.00 Prime Rate 4.00 4.00 3.00 3.00 2−Year Interest Rate Swap 2.00 2.00 1.00 1.00 Commercial Paper 0.00 0.00 3 17 31 14 28 12 26 May 2003 Apr 4 11 18 25 May 2 9 16 23 30 Jun 6 13 20 27 Jun Jul 9 23 6 20 4 Aug Sep 2002 18 Oct 1 15 29 13 27 10 24 Nov Dec Jan 7 21 7 Feb 21 Mar 4 18 2 Apr 2003 16 30 13 27 11 25 May Jun Jul 30−Day Commercial Paper 90−Day CDs 2−Year Interest Rate Swap Corporate Aaa Bonds Corporate Baa Bonds Municipal Bonds * 1.21 1.22 1.21 1.23 1.22 1.20 1.22 1.21 1.23 1.21 1.10 0.99 0.93 1.22 1.23 1.26 1.26 1.24 1.23 1.23 1.21 1.22 1.18 1.05 0.96 0.93 1.80 1.88 1.94 1.89 1.78 1.69 1.62 1.51 1.52 1.45 1.32 1.37 1.34 5.81 5.81 5.80 5.68 5.56 5.42 5.23 5.01 5.05 5.00 4.84 4.93 4.97 6.91 6.93 6.89 6.79 6.68 6.52 6.39 6.23 6.24 6.22 6.08 6.17 6.18 4.79 4.76 4.74 4.66 4.58 4.50 4.35 4.30 4.31 4.27 4.21 4.35 N.A. Current data, from the Federal Reserve Board’s H.15 release, are averages of rates available for the week ending June 27, 2003 . * Bond Buyer’s Average Index of 20 municipal bonds, Thursday data. Prepared by the Federal Reserve Bank of St. Louis Selected Interest Rates Averages of Daily Figures 6.00 Percent Percent 5.00 6.00 5.00 10−Year Treasury Securities 4.00 4.00 3.00 3.00 Federal Funds Rate 2.00 2.00 Intended Federal Funds Rate 3−Month Treasury Bill 1.00 1.00 0.00 0.00 3 17 31 14 28 12 26 May 2003 Apr 4 11 18 25 May 2 9 16 23 30 Jun 6 13 20 27 ** Jun Jul Federal Funds * 1.28 1.23 1.27 1.26 1.28 1.26 1.25 1.27 1.24 1.26 1.24 1.25 1.21 9 23 6 20 4 Aug Sep 2002 18 Oct 1 15 29 13 27 10 24 Nov Dec Jan 7 21 Feb 7 21 Mar 4 18 2 Apr 2003 16 30 13 27 11 25 May Jun Jul 3−Month Treasury Bill 2−Year Treasury Securities 5−Year Treasury Securities 10−Year Treasury Securities Treasury Long−Term Average 1.10 1.13 1.16 1.14 1.11 1.09 1.05 1.04 1.09 1.05 0.92 0.84 0.85 1.54 1.61 1.70 1.66 1.56 1.48 1.44 1.36 1.33 1.25 1.14 1.22 1.20 2.84 2.92 2.98 2.97 2.88 2.70 2.52 2.35 2.32 2.27 2.13 2.27 2.26 3.90 3.97 3.99 3.97 3.92 3.77 3.56 3.38 3.39 3.36 3.20 3.31 3.33 4.99 5.04 5.02 4.97 4.90 4.81 4.62 4.42 4.46 4.46 4.32 4.42 4.46 Current data appear in the Federal Reserve Board’s H.15 release, except for the intended federal funds rate. * Seven−day averages for week ending two days earlier than date shown. **Averages of rates available. Prepared by the Federal Reserve Bank of St. Louis Money Stock (M2) and Money Zero Maturity Averages of Daily Figures 6400 Seasonally Adjusted Billions of Dollars Billions of Dollars 6400 M2 2003 May 12 19 26 Jun 2 9 16 6200 Billions 5993.4 6003.1 6011.0 6020.4 6022.6 6045.7 6200 MZM 6000 6000 5800 5800 M2 MZM 5600 2003 May 12 19 26 Jun 2 9 16 Billions 6252.4 6261.5 6276.8 6287.0 6287.7 6317.8 5400 5600 5400 6 20 3 May 17 Jun 1 15 29 12 26 Jul 9 23 7 Aug Sep 2002 21 Oct 4 18 2 Nov 16 30 13 27 10 24 10 24 Dec Jan Feb Mar 7 21 5 Apr 2003 19 2 May 16 30 14 28 Jun Jul M2 is the sum of M1, savings (including money market deposit accounts), small time deposits and retail money funds. Current data appear in the Federal Reserve Board’s H.6 release. Money Stock (M2) To the average of four weeks ending: Compounded annual rates of change, average of four weeks ending: 6/17/02 9/16/02 11/18/02 12/16/02 1/13/03 2/17/03 3/17/03 11/18/02 8.3 12/16/02 7.7 7.0 1/13/03 7.0 6.0 3.5 2/17/03 7.8 7.5 6.9 8.2 3/17/03 7.6 7.2 6.6 7.3 9.4 4/14/03 6.8 6.1 5.2 5.4 6.2 2.4 5/19/03 7.9 7.8 7.6 8.2 9.5 8.3 9.5 6/16/03 8.1 8.0 7.9 8.5 9.5 8.6 9.6 4/14/03 14.5 Prepared by the Federal Reserve Bank of St. Louis Savings and Small Time Deposits Averages of Daily Figures Seasonally Adjusted 1250 Billions of Dollars Billions of Dollars 3100 Small Time 2003 May 12 19 26 Jun 2 9 16 1150 1050 Billions 865.3 863.6 861.8 859.9 858.2 856.5 3000 2900 2800 950 Small Time (left scale) 2700 850 Savings 750 2003 May 12 19 26 Jun 2 9 16 Savings Deposits (right scale) 650 2600 Billions 2980.2 2982.4 2982.1 3003.9 3012.0 3027.2 2500 2400 550 6 20 3 May 17 1 Jun 15 29 12 26 9 Jul Sep Aug 23 7 21 4 Oct 18 2 Nov 16 30 13 27 10 24 10 24 Dec Jan Feb 7 5 Apr Mar 2002 21 19 2 May 16 30 14 28 Jul Jun 2003 Savings deposits and small time deposits are at all depository institutions. Fix Large Time Deposits and Retail Money Funds Averages of Daily Figures Seasonally Adjusted 1200 Billions of Dollars Billions of Dollars Large Time 2003 May 12 19 26 2 Jun 9 16 1100 1200 Retail Money Billions 819.3 818.3 818.6 818.7 824.4 808.9 2003 May 12 19 26 2 Jun 9 16 Billions 898.3 895.4 897.6 895.2 891.3 885.3 1100 1000 1000 900 900 Retail Money 800 800 Large Time 700 700 6 20 May 3 17 Jun 1 15 29 12 26 Jul 9 Aug 23 Sep 2002 7 21 Oct 4 18 Nov 2 16 30 13 27 10 Dec Jan 24 10 24 Feb Mar 7 21 Apr 2003 5 19 May 2 16 30 14 28 Jun Jul Large time deposits and retail money funds are at all despository institutions. Large time deposits are those issued in denominations of $100,000 or more. Retail money funds were originally called general purpose and broker/dealer money market funds. Prepared by the Federal Reserve Bank of St. Louis Fix Total Borrowings From Federal Reserve Banks Averages of Daily Figures 1.6 Billions of Dollars Billions 0.056 0.059 0.076 0.063 0.074 0.407 2003 May 21 28 Jun 4 11 18 25 1.4 1.2 Billions of Dollars 1.6 1.4 1.2 1.0 1.0 0.8 0.8 0.6 0.6 0.4 0.4 0.2 0.2 0.0 0.0 1 15 29 12 26 10 24 May Jun Jul 7 21 4 Aug 18 2 16 30 13 27 11 25 Oct Sep Nov Dec 8 22 5 Jan 19 5 Feb 19 2 16 30 14 28 11 25 Apr Mar 2002 May 9 23 Jul Jun 2003 As of January 9, 2003, borrowings include primary, secondary, and seasonal credit. Prior to that, borrowings include seasonal, adjustment, and extended credit. Fix Bank Loans and Credit All Commercial Banks in the United States * Seasonally Adjusted 6700 Billions of Dollars Billions of Dollars Bank Credit 2003 May 7 14 21 28 Jun 4 11 6500 6300 5250 Loans & Leases Billions 6078.1 6112.6 6106.5 6128.8 6160.9 6161.5 2003 May 7 14 21 28 Jun 4 11 Billions 4279.2 4298.3 4286.3 4288.4 4302.2 4313.5 5050 4850 6100 4650 Bank Credit (left scale) ** 5900 4450 5700 4250 Loans and Leases (right scale) 5500 4050 5300 3850 1 15 29 12 May Jun 26 10 24 Jul 7 21 4 Aug 18 Sep 2 16 30 13 27 Oct Nov 2002 11 25 Dec 8 22 Jan 5 19 Feb 5 19 Mar 2 16 30 Apr 2003 14 28 11 25 May Jun Current data appear in the Federal Reserve Board’s H.8 release. * Includes foreign−related institutions ** Includes loans and leases and securities Prepared by the Federal Reserve Bank of St. Louis 9 23 Jul Fix Commercial Paper of Nonfinancial Companies Not Seasonally Adjusted 300 Billions of Dollars 2003 May 21 28 Jun 4 11 18 25 250 Billions of Dollars Billions 145.9 141.0 139.2 137.2 138.6 137.1 300 250 200 200 150 150 100 100 1 15 29 12 26 10 24 May 7 Jul Jun 21 4 Aug 18 2 16 30 13 27 11 25 Oct Sep Nov Dec 8 22 5 Jan 19 5 Feb 19 2 16 30 14 28 11 25 Apr Mar 2002 May 9 23 Jul Jun 2003 Current data appear at www.federalreserve.gov/releases/cp/table1.htm. Fix Commercial and Industrial Loans Seasonally Adjusted 1100 Billions of Dollars Billions of Dollars All Banks 2003 May 7 14 21 28 Jun 4 11 1075 1050 600 Large Banks Billions 935.0 935.7 933.1 932.0 921.8 917.8 2003 May 7 14 21 28 Jun 4 11 Billions 463.0 463.0 461.7 460.9 455.2 452.8 575 550 525 1025 Large Banks (right scale) ** 500 1000 475 975 450 950 All Banks (left scale) * 425 925 400 900 375 1 15 29 May 12 26 10 Jun 24 Jul 7 21 4 Aug 18 Sep 2 16 30 Oct 13 27 11 Nov 2002 25 Dec 8 22 Jan 5 19 Feb 5 19 Mar 2 16 30 14 Apr May 28 11 25 Jun 9 23 Jul 2003 Current data appear in the Federal Reserve Board’s H.8 release. * Includes foreign−related institutions. ** Weekly reporting, domestically chartered banks. Fix Prepared by the Federal Reserve Bank of St. Louis Trade−Weighted Exchange Rate Indexes Averages of Daily Figures 125 March 1973=100 2003 May 21 28 Jun 4 11 18 25 120 115 January 1997=100 Major 88.8 88.9 89.0 88.5 87.9 88.9 2003 May 21 28 Jun 4 11 18 25 Broad 118.0 118.0 118.1 118.0 117.4 118.0 150 145 140 110 135 Broad Index (right scale) 105 130 100 125 95 120 Major Currency Index (left scale) 90 115 85 110 1 15 29 12 26 10 24 May Jun Jul 7 21 4 Aug 2002 18 Sep 2 16 30 13 27 11 25 Oct Nov Dec 8 22 Jan 5 19 Feb 5 19 Mar 2 16 30 14 28 11 25 Apr May Jun 9 23 Jul 2003 The major currency index (MCI) comprises 7 currencies. The broad index comprises the MCI plus 19 additional currencies. Further details may be found at www.federalreserve.gov/releases/h10/summary/. Prepared by the Federal Reserve Bank of St. Louis