Full text of U.S. Financial Data : June 8, 1995

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

-June 8,1995

St. Louis
reral

aBBMCi

Financial Data

RESERVE
RANK of
ST. LOUIS

THE WEEK'S HIGHLIGHTS:
✓ Total civilian employment decreasedfor the second consecutive month
in May, falling 753,000, or at a 7 percent annual rate. This decline
was the largest since May 1991. Through the first five months of
1995, civilian employment has declined at a 0.5 percent rate, after
rising at a 3.2 percent rate over the last half of1994.
t/ The index of aggregate weekly hours for total private industry fell
at a 12.8 percent rate in May, after rising at a 1.8 percent rate in
April. Aggregate hours have risen 1.3 percent since May 1994.
✓ The composite index of leading indicators decreased 0.6 percent in
April, after falling 0.5 percent in March. The index has declined for
three consecutive months.
✓ The value of new construction put in place in April was at an annual
rate of $526.6 billion, up 0.4 percentfrom March but down 0.4 percent
since December 1994. Compared with a year earlier, total construc­
tion was up 6 percent. Construction spending is not adjusted for
inflation.
✓ Consumer installment credit outstanding increased $11 billion in
April, or at a 15 percent annual rate. Consumer credit has risen
for 29 consecutive months.

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 Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Billions
Mar 29
Apr 12
May 10

Jun

E 20
Apr

7

466.8
469.3

4 It I IS 2! 11 2) 11 24 7 21 S 19 2 li 30 10 21

It 25 0 22 1 22 S 19 3 17 31 H 21

May

Jan

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Feb

Mar

1994

Apr

May

Jun

1995

Latest data platted reserve maintenance period ending: June 7, 1995
The ddjusted 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 monetaiy 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
3/1/95 4/12/95
2/1/95
1/4/95
6/8/94 8/31/94 11/9/94 12/7/94
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

5.5
5.8
5.2
5.9
6.1

5.8
6.0
6.0


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Federal Reserve Bank of St. Louis

5.8
4.8
6.1

4.2
6.7

6.3
5.8

6.8

6.1
6.0

6.4
6.3

6.0

6.5
6.7
5.8
6.3
6.2

9.5
7.0
7.4
7.0

5.2
6.2
6.0

5.8
5.7

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

1

Billions of Dollars

1

I

I

M-\

1995

1170

095

TCD

Billions

Apr 24 11 49.6
May 1 1149.4
8 1143.6
15 11<1-3.3
22 11'1-2.9
29 11'H.1

1995

Billions

Apr 24
May 1

773.7
772.8

1 5 765 .8
2 2 765 .2
2 9 763 .4

025

Ml (left s< ale)

-*\
\v
\vj

s

005

✓ <*> \
.

«N
*

'

TCD right s sale)

785

\

N. -

i

f‘

>

..

✓

\

1150

**

1150

,\
1110

1090

—N

18
Apr

IS 30 13 27 11 25 8 22 5 IS
May Jun
Jul
Aug
Sep
994

17 31 14 28 12 26 9 23 6 20 6 20 3 17
Oct Nov Dec Jan
Feb Mar Apr
1995

15 29 12 2
May Jun

Latest data plotted week ending: May 29, 1995
Current data appear in the Federal Reserve Board's H.6 release.
Ml 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
5/30/94 8/29/94 10/31/94 11/28/94 12/26/94 1/30/95 2/27/95 3/27/95
of four weeks
ending:
10/31/94
11/28/94
12/26/94
1/30/95
2/27/95
3/27/95
5/1/95
5/29/95

0.9
0.7
0.7
0.8

0.4
0.6
0.6

-0.1


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

-1.1
-0.6
-0.2
-0.6
-0.3
-0.1
-0.9

0.2
1.1

0.5
-0.2
0.2

0.3
-0.8

0.0

0.4
0.5
-0.8

-0.6
0.2
0.4
-1.1

-0.3
0.1

-1.8

1.3
-1.6

-3.0

Prepared by Federal Reserve Bank of St. Louis

3

705

795

4
Adjusted Reserves
Billions of Dollars

Seasonally Adjusted

1995

Billions

Mar 15
29
Apr 12
26
May 10
24

102.2
100.0
100.2
100.9
100.0
100.8

Billions of Dollars

6 20 4 18 I 15 21 13 27 10 24 7 21 5 19 2 18 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
Latest data plotted two weeks ending: May 24, 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:
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
-2.9


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

-4.9
-6.3
-2.7
0.2

-3.3
-3.6
-3.5

-13.1
-4.5
0.6
-4.5
-4.8
-4.5

1.3
5.6
-2.0
-2.8
-2.7

13.0
0.7
-0.9
-1.2

-4.5
-5.0
-4.5

-15.8
-11.6

-4.4

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier1/
Averages of Daily figures
Seasonally Adjusted

Ratio

3.1

2.9

2.7

.

Compounded annt al
rates of change,
average of the fou
weeks ending
May 22, 1995 frorr
the four weeks en<
May 23, 1994
.8
Aug 29. 1994 -f5.4
Dec 5. 1994 - 5.5
Jan 2, 1995 - . 4
Jan 30. 1995
7. 1
Feb 27, 1995 - 5.5
Mar 27. 995 -f . 6

Ratio

I

I

1995

Ratio

Mar 1 3
27

2.479
2.481

' 24
May 8
2

2.4 53
2.4 54
2.4 36

2.9

2.7

2.5

2.3

3.1

2.5

4 18

2 16 30 13 27 II 25
Jun
Jul

Apr May

1 22 5 19 3 17 31 II 21 12 26
Aug Sep
Oct
Nov
Dec

8 23 6 20 6 20 3 17 1 IS 2) 12 21
Jan Feb Mar Apr May
Jun

1994
Latest data plotted two weeks ending: May 22, 1995

2.3

1995

Currency Component of Ml2/
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Compounded annual
rates of change,
average of the four
weeks ending
May 29, 1995 from
the four weeks ending:
May 30. 1994 9.1
Aug 29. 1994 9.0
Nov 28, 1994 8.8
Dec 26. 1994 9.5
Jan 30. 1995 9.0
Feb 27. 1995 10.8
Mar 27, 1995 9.8

1995

Billions

Apr 24
May 1

366.6
367.4
367.1
368.3
368.6
368.5

4 18 2 IS 30 13 27 11 25 8 22 5 19 3 17 31 14 21 12 26 9 23 6 20 E 20 3 17 1 15 29 12 26
Apr May Jun
Jul
Aug Sep Oct Nov Dec Jan
Feb Mar Apr May Jun
1994

1995

Latest data plotted week ending: May 29, 1995
1 / Ratio of Ml 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

Loon date

dunlcipal Bond*

1 IS 2) 13 27 10 24 8 22 5 19 2 IS 30 14 21 11 25 9 23 6 20 3 17 3 17 31 14 28 12 21
Apr
May Jun Jul
Aug Sep Oct
Nov Dec Jan Feb Mar
Apr May
1994
1995

9 23
Jun

Latest data plotted are averages of rates available for the week ending: June 9, 1995

1995
Mar 17
24
31
Apr 7
14
21

28
May 5
12

19
26

Jun

2

9 +

30—Day
Commercial
Paper
6.07
6.05
6.08
6.08
6.08
6.05
6.05
6.07
6.03
6.06
6.05
6.04
5.99

90-Day
CDs

90-Day
Bankers'
Acceptances

6.14
6.12

6.15
6.15
6.12
6.10

6.09
6.07
6.01

6.03
6.00

5.91
5.82

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds ***

6.03

8.04

6.02

8.10

6.05
6.03

8.08
8.05
8.04

8.62
8.69
8.65
8.62
8.62
8.60
8.57
8.45
8.25
8.15
8.07
7.91
7.81

6.06
6.09
6.07
6.03

6.00

5.99
5.99
5.96
5.91
5.91
5.89
5.82
5.73

8.02
8.00

7.89
7.69
7.60
7.51
7.33
7.22

6.01

5.96
6.06
6.10

5.96
5.92
5.83
5.79

N.A.

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

3-Month
Treasury Bill

Discount Kate

I 15 2! 13 27 10 24 0 22 5 IS
Apr May Jun
Jul
Aug

IS 30 14 21 11 25 3 23 S 20 3 17 3 17 31 14 28
Sep Oct Nov Dec Jan
Feb Mar Apr May

Jun

1994
19g5
Latest data plotted are averages of rates available for the week ending: June 9, 1995

1995
Mar 17
24
31
Apr 7
14

Federal
Funds **
5.94
5.97
6.06

3—Month
Treasury
Bill

1 —Year
Treasury
Bill

5—Year
Treasury
Securities

10-Year
Treasury
Securities

Long-Term
Treasury
Securities

6.00
6.95
7.11
7.40
5.97
7.01
7.16
7.47
5.98
7.01
7.15
7.45
6.20
5.99
6.96
7.12
7.41
5.98
5.90
6.89
7.08
7.38
21
6.07
5.80
6.78
7.03
7.36
2B
5.99
5.85
6.81
7.03
7.33
May 5
6.05
5.79
6.70
6.93
7.21
12
6.00
6.66
5.65
6.41
6.96
6.02
19
5.64
6.40
6.59
6.89
26
5.99
5.59
6.28
6.49
6.81
6.02
Jun 2
5.38
5.98
6.23
6.59
9 *
6.03
6.12
5.29
5.86
6.48
Cufrent data appear in the Federal Reserve Board's H.15 release excluding long-term Treasury securities
whrch 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

5.75
5.72
5.69
5.70
5.63
5.61
5.67
5.65
5.64
5.69
5.69
5.55
5.53

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

M2
1995

Billions

Apr 24 3647.1
May 1 3651.3
B 3649.0.
15 3652.3
22 3659.9
29 3666.9

M2 (left scale)

Non-M1 M2

Non~M1 M2 (right scale)

1995

Billions

Apr 24 2497.5
May 1 2501.9
8 2505.4
15 2509.0
22 2517.0
29 2525.8

4 18 2 16 38 13 27 11 25
Apr May Jun
Jul

22 5 19 3 17 31 14 28 12 26 9 23 6 28 6 20 3 17 1 15 29 12 26
Aug Sep Oct Nov Dec Jan
Feb Mar Apr May Jun
1994

1995

Latest data plotted week ending: May 29, 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 5/30/94
of four weeks

8/29/94 10/31/94 11/28/94 12/26/94 1/30/95

2/27/95

3/27/95

ending:
10/31/94
11/2B/94
12/26/94
1/30/95
2/27/95
3/27/95
5/1/95
5/29/95

0.0
0.1

-0.5

0.3
0.7
0.5
0.7

0.1
0.8

1.3
1.9

0.5

1.2

1.5

1.5
1.7

1.2

0.8

1.6

0.7

1,0

1.2

2.0

2.2

2.2

1.3

1.6

2.3

2.6

2.7

2.0
2.6


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

2.6

Prepared by Federal Reserve Bank of St. Louis

Savings and Small Time Deposits
Averages ot Daily Ngures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Savings
1335 Billions
Apr 24 1082.5'
May 1 1078.6
8 1080.6
15 1079.9
22 1081.0­
29 1084.4

Small Time
1995

Billions

Apr 24
May 1
15

900.0
902.1
906.3
909.5

29

912.7

8

Savings Dsposlts(left scale)

Small Time (right scale)

Apr

May

Jun

Jul

Aug
1994

Sep

Oct

Nov

Dec

Jan

IS 2! 12 2!
Feb

Note: Savings deposits are at all depository institutions.

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
_ Apr 24
May 1

Money Market
1995 Billions

382.7
384.3

Apr 24
May 1

396.7 _
396.8
400.1
401.4
407.3
410.6

8

386.1

15
22
29

383.4

Large Time

Apr

May

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

15 29 12 2S
May Jun

Latest data plotted week ending: May 29, 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| Rmwv# Bdn|<


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

9

st Louis

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

1995

Billions

May 3

0.156
0.139
0.139
0.149
0.164
0.166

Jun

6 20
Apr

7

4 It 1 15 2) 13 27 10 24 7 21 5 IS
May

Jun

Jul

Aug

Sep

Oct

2 16 30 14 28 11 25
Nov

Dec

Jan

Billions of Dollars

8 22 8 22 5 19 3 17 31 14 28
Feb

1994

Mar

Apr

May

Jun

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.
All Commercial Banks in the United States
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Bank Credit
1995 Billions
Apr 19
26
May 3
10
17
24

3423.7
3432.1
3433.3
3444.7
3436.7­
3447.9

Bank Credit (left scale)

Loans and

6 20
Apr

4 18 1 15 2! 13 27 10 24 7 21
May

Jun

Jul

(right scale)

5 1! 2 16 30 14 28 II 25 8 22 I 22 5 19 3 17 31 14 28

Aug
Sep
Oct
Nov
Dec
1994
Latest Wednesday data plotted : May 24, 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 19 2470.6
26 2481.4
May 3 2486.0
.
10 2498.1__
17 2492.8
24 2500.5

Jan

Feb

Mar Apr
1995

May

Jun

Prepared by Federal Reserve Bank of St. Louis

Commercial Paper of Nonfinancial Companies

Billions of Dollars

1995

Billions of Dollars

Not Seasonally Adjusted
Billions

Apr 26 187.536
May 3
192.082
190.415
181.128.

6 10 1 II 1 IS ?! 13 27 10 21 I 21 S t! ? li 30 M 20 II IS 0 22
Apr

Way

Jun

Jul

Aug
1994

Sep

Oct

Nov

Dec

Jan

Feb

22 S I! 3 12 31 11 21

Mar
Apr
1995

May

Jun

Latest data plotted week ending: May 31. 1995

Commercial and Industrial Loans

Billions of Dollars

______

Seasonally Adjusted

Billions of Dollars

All Banks
1995

Billions

Apr 19
26
May 3
10
17
24

680.7
685.3
687.6
689.8
689.8
690.0 .

Large Banks (right scale)

Large Banks_

.All Banks (left scale)

8 20 * II 1 15 29 13 27 ID 24 7 21 5 19 2 16 3D 11 21 11 25
Apr

May

Jun

Jul

1995 Billions
Apr 19 337.2
26 339.3
May 3 339.0
10 340.6 —
17 340.9
24 341.2

22 8 22 5 19 3 17 31 14 28

Aug
Sep
Oct
Nov
Dec
Jan
Feb Mar
Apr
May
Jun
1994
1995
Latest Wednesday data plotted : May 24, 1995
Current data appear in the Federal Reserve Board's H.B release.
1 / Includes foreign-related institutions
2/ Weekly reporting, domestically chartered banks
_
, .
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

1973-100

Averages of Daily Figures

1995 1973=100
May

3

Jun

7

6 20 4 18 1 IS 29 13 27 10 24 7 21 5 >9 2 10 30 14 20 11 25 0 22 0 22 5 19 3 17 31 14 20
Apr

May

Jun

Jul

Aug
1994

Sep

Oct

Nov

Dec

Jan

Feb

Mar
Apr
1995

May

Jun

Latest data plotted week ending: June 7, 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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