Full text of U.S. Financial Data : June 9, 1994
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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Federal Reserve
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{^.Financial Data
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77/E WEED'S HIGHLIGHTS:
%/ Total civilian employment increased at a 5.4 percent annual rate
in May, following a 3 percent rate of increase in April. As a result,
the civilian unemployment rate dropped 0.4 percentage points
to 6 percent.
The index of aggregate weekly hours ofproduction or nonsupervisory
workers on private nonfarm payrolls increased at a seasonally
adjusted 9.8 percent rate from March to May, following a
0.9 percent rate of increase from January to March.
✓ New orders for manufactured goods declined 0.1 percent in April,
following a 1.1 percent rise in March. For the first four months
of 1994, new orders are 7.6 percent above the same period last
year. New orders are not adjustedfor price changes.
The composite index of leading indicators was unchanged
in April, following a 0.7percent increase in March and
no change in February.
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:
One year (50 issues) $21
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Box 66953, St. Louis, MO 63166-6953. DO NOT SEND CASH. Checks from foreign subscribers
must be payable in U.S. dollars and, except for those from Canada, must be drawn on a U.S. bank.
Information in this publication is also included in the Federal Reserve Economic Data (FRED) elec
tronic bulletin board. You can access FRED with a personal computer and a modem at 314-621-1824.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2
Adjusted Monetary Base
Averages or Daily Mgures
Seasonally Adjusted
Billions of Dollars
1994
Billions
Mar 30
-Apr 13
27
May 11
25
Jun 8
7 21
Apr
Billions of Dollars
436.1
438.0
439.7
438.3
441.9
441.4
S 19 2 16 30 14 21 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 9 23 6 20 4 II J 15 2)
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
1993
Apr
May
Jun
1994
Latest data plotted reserve maintenance period ending: June 8, 1994
The adjusted monetary base is the sum of reserve accounts of financial institutions at Federal Reserve banks,
currency in circulation (currency held by the public and in the vaults of all depository institutions) and an
adjustment for reserve requirement ratio changes. The major sou/c$ 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
Compounded annual rates of change, average of two maintenance periods ending:
6/9/93
9/1/93 11/10/93 12/8/93
3/2/94
1/5/94
2/2/94
4/13/94
periods ending:
11/10/93
12/8/93
1/5/94
2/2/94
3/2/94
4/13/94
5/11/94
6/8/94
9.4
8.8
8.3
9.8
10.5
9.7
9.4
9.3
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7.6
7.0
9.6
10.6
9.4
9.0
9.0
5.4
10.6
12.1
10.0
9.3
9.2
13.2
14.3
10.9
10.0
9.7
19.2
12.7
11.1
10.6
9.2
8.2
8.2
5.0
5.9
7.0
Prepared by Federal Reserve Bank of St. Louis
Money Stock (Ml) and Total Checkable Deposits
Billions of Dollars
1994
ot uany Mgures
Seasonally Adjusted
Averages
Billions of Dollars
M1
Billions
- Apr 25 1136.4 ■
May 2 1138.3
9 1142.3
16 1143.6
23 1144.2
30 1143.8
M1 (left scale)
(right scale)
TCD
5 19 J 17 31 H 2!
Apr May
Jun
1994
Billions
Apr 25
May 2
9
16
23
30
792.9
793.7
797.6
798.1
798.2
796.6
1! 21 9 23 S 20 4 It 1 IS 29 13 27 10 24 7 21 7 21 1 11 2 10 31 13 1
Jul
Aug Sep Oct Nov Dec Jan
Feb Mar Apr May
Jun
1993
1994
Latest data plotted week ending: May 30, 1994
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.
r
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
5/31/93 8/30/93 11/1/93 11/29/93 12/27/93 1/31/94 2/28/94 3/28/94
of four weeks
ending:
11/1/93
11/29/93
12/27/93
1/31/94
2/28/94
3/28/94
5/2/94
5/30/94
10.3
10.2
9.8
9.2
8.8
8.4
7.1
7.0
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10.3
9.4
8.6
8.1
7.7
6.0
5.9
8.4
7.3
6.9
6.5
4.5
4.6
6.1
5.9
5.7
3.5
3.8
5.5
5.4
2.8
3.3
5.3
1.8
2.6
0.2
1.7
0.3
Prepared by Federal Reserve Bank of St. Louis
3
4
Adjusted Reserves
Billions of Dollars
Seasonally Adjusted
Billions of Dollars
114
1994
Billions
Mar 1
103.4
30 103.0
Apr 13 104.2
27 104.!
May 11 101.8
25 104.4
me
102
08
84
10
25 I 22 0 20 1 17 I 15 29 12 28 9 23 9 25 ( 20 4 18
7 !1 S IS ! if 10 14 20
Apr May Jun
Jul
Aug Sep Oct Nov Dec Jan
Feb Mar Apr May
1993
1994
Latest data plotted two weeks ending: May 25, 1994
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:
5/26/93
8/18/93
10/27/93 11/24/93 12/22/93 1/19/94
3/2/94
3/30/94
periods ending:
10/27/93
11/24/93
12/22/93
1/19/94
3/2/94
3/30/94
4/27/94
5/25/94
11.7
7.9
5.4
8.4
10.6
6.6
7.6
5.4
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5.7
2.0
7.2
10.6
5.1
6.6
3.9
-10.3
2.6
9.3
1.6
4.1
1.0
10.0
15.8
4.6
7.1
3.0
28.0
9.1
11.3
5.5
0.5
5.5
0.0
-6.6
-10.2
-0.6
Prepared by Federal Reserve Bank of St. Louis
Money Multiplier1/
Averages of Daily Figures
Seasonally Adjusted
Ratio
3.0
Ratio
Compounded annual
rates of change,
average of the four
weeks ending
May 23, 1994 from
the four weeks ending:
May 24, 1993 -2.0
Aug 30, 1993 -2.9
Dec 6, 1993 -5.7
Jan 3, 1994 -7.1
Jan 31. 1994 -6.0
Feb 28, 1994 -4.1
Mar 28, 1994 -6.7
2.8
i
r
1994
Ratio
Mar 14
28
Apr 11
25
May 9
23
2.625
2.626
2.616
2.587
2.602
2.589
3.0
-
2.8
2.8
2.8
2.4
r 1-1 -1-T .
I1. I I I
I I I
I I I ,'| I I ,
I , ■■i-y-. I I I
I . I
I I I
5 19 3 17 31 14 !! 1! 29 9 23 t 20 4 11 1 18 2! 13 27 11 24 7 21
Apr May Jun
Jul
Aug Sep Oct Nov Dec Jan Feb
1993
I I I i11 I I .
I I I
I I I
2,4
7 21 4 11 2 11 31 13 27
Mar Apr May
Jun
1994
Latest data plotted two weeks ending: May 23, 1994
Currency Component of M12/
Averages of Daily Figures
Seasonally Adjusted
Billions of Dollars
345
335 •
325
Billions of Dollars
345
I
1
Compounded annc al
rates of change,
average of the fou r
weeks ending
May 30, 1994 fron
the four weeks ent ing:
May 31, 1993 1 D.9
Aug 30, 1993 1 D.9
Nov 29. 1993 1 1.7
Dec 27, 1993 1 2.6
Jan 31. 1994 1 1.8
Feb 28. 1994 1 D.7
Mar 28, 1994 9.8
335
325
315
315
199
Apr 5
May 2
9
; 6
3
0
305
Billi<2H2
33* >.3
33« .4
336.6
337.3
337.7
339.0
305
205 ' P 1 1
Tp r l"r~ l"
295
l 1 l 1 ‘•p-r ■ ■ 1 M ■ i ■ i i—t-rr
5 19 3 17 31 14 29 12 26 9 23 S 20 4 18 1 15 29 13 27 10 24 7 21 7 21 4 18 2 10 30 13 27
Apr May Jun
Jul
Aug
Sep Oct
Nov Dec Jan
Feb Mar
Apr May Jun
1993
1994
Latest data plotted week ending: May 30. 1994
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
Averages of Daily Figures
Corporate
Bonds
Loan Rote
2 If M 14 21 11 25 I 23 I 20 3 17 1 15 21 12 21 11 24 7 21 4 II 4 II 1 15 2) 13 27 II 24
Apr
May Jun Jul Aug Sep Oct
Nov Dec Jan
Feb Mar Apr
May Jun
1993
1994
Latest data plotted are averages of rates available for the week ending: June 10, 1994
1994
Mar 18
25
Apr 1
8
15
22
29
May 6
13
20
27
Jun
3
10 *
30—Day
Commercial
Paper
90-Day
CDs
90-Day
Bankers'
Acceptances
Corporate
Aaa Bonds
Corporate
Baa Bonds
Municipal
♦
Bonds *••
3.61
3.67
3.68
3.77
3.71
3.88
3.89
4.05
4.37
4.35
4.33
4.37
4.33
3.75
3.81
3.84
3.93
3.90
4.08
4.12
4.35
4.68
4.53
4.49
4.52
4.44
3.72
3.75
3.75
3.88
3.84
4.04
4.06
4.31
4.63
4.46
4.41
4.44
4.39
7.46
7.49
7.65
7.90
7.87
7.93
7.81
7.97
8.12
7.89
7.98
7.96
7.82
8.10
8.15
8.30
8.56
8.51
8.55
8.46
8.59
8.74
8.53
8.62
8.61
8.48
5.84
5.92
6.07
6.34
6.22
6.19
6.16
6.18
6.32
6.14
6.13
6.09
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
Percent
Averages of Doily Figures
2 II 31 14 21 11 25 ! 23 I 20 3 17 1 15 2) 12 2f It 24 7 21 4 II
Apr May Jun
Jul
Aug Sep Oct Nov Dec Jan
II 1 15 21
Mar Apr
1993
1994
Latest data plotted are averages of rates available for the week ending: June 10, 1994
1994
Mar 18
25
Apr 1
8
15
22
29
May 6
13
20
27
Jun 3
10 *
Federal
Funds **
3-Month
Treasury
Bill
1 —Year
Treasury
Bill
3.19
3.31
3.49
3.69
3.37
3.59
3.59
3.76
3.70
4.02
4.22
4.27
4.13
5—Year
Treasury
Securities
10-Year
Treasury
Securities
Long-Term
Treasury
Securities
3.52
4.11
5.91
6.45
6.83
3.49
4.15
6.00
6.52
6.90
3.50
4.21
6.19
6.72
7.07
3.60
4.49
6.47
6.97
7.31
3.57
4.46
6.47
6.93
7.28
3.73
4.64
6.60
7.03
7.33
3.85
4.72
6.56
6.96
7.24
4.04
4.96
6.76
7.16
7.42
4.19
5.19
6.98
7.37
7.60
4.16
4.95
6.65
7.06
7.34
4.18
5.00
6.73
7.14
7.44
4.15
5.04
6.70
7.09
7.39
4.11
4.88
6.52
6.94
7.25
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
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7
8
Billions of Dollars
1994
Money Stock (M2) and
Non-M1 Components of M2
Averages of Daily Figures
Billions of Dollars
Seasonally Adjusted
M2
Billions
Apr 25 3582.3
May 2 3580.6
9 3587.6.
16 3590.8
23 3596.2
30 3589.2
M2 (left scale)
Non-M1 M2 (right scale)
Non-Mi M2
1994 Billions
Apr 25 2445.9 - 2325
May 2 2442.3
9 2445.3
16 2447.2
23 2452.0
30 2445.4
5 IS 3 17 31 14 21 12 28 9 23 I 20 4 18 1 IS 2S 13 27 II 24 7 21 7 21 4 II 2 II 30 13 27
Apr
May
Jun
Jul
Aug
1993
Sep
Oct
Nov
Dec
Mar
Apr
1994
Jan
May
Jun
Latest data plotted week ending: May 30, 1994
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)
Compounded annual rates of change, average of four weeks ending:
lo the average 5/31/93 8/30/93 11/1/93 11/29/93 12/27/93 1/31/94 2/28/94 ' 3/28/94
of four weeks
ending:
11/1/93
11/29/93
12/27/93
1/31/94
2/28/94
3/28/94
5/2/94
5/30/94
1.7
2.0
2.0
2.0
1.6
2.0
2.0
1.9
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2.4
2.3
2.2
1.5
2.1
2.1
2.0
3.0
2.5
1.4
2.3
2.2
2.1
1.8
0.7
1.9
1.8
1.8
0.1
1.9
1.8
1.8
2.0
1.9
1.8
3.6
3.0
1.6
Prepared by Federal Reserve Bank of St. Louis
Savings and Small Time Deposits
Averages of Daily Figures
Seasonally Adjusted
Billions of Dollars
1315
Billions of Dollars
I
Savings
1994
915
I
Small Time
Billions
1994
Apr 25 1217.0
May 2 1217.6
9 1216.4
16 1215.3
23 1216.4
30 1215.5
Billions
Apr 25
766.9
768.1
768.5
768.4 —
768.4
768.6
Small Time (right scale)
Saving* Deposlt«(left scale)
5 IS
Apr
3 17 31 14 21 12 28 9 23 8 20
4 18 1 IS 29 13 27 10 24 7 21 7 21 4 11 2 10 31 13 27 *
May
Oct
Jun
Jul
Aug
Sep
Nov
Dec
Jan
Feb
1993
Mar
Apr
May
Jun
1994
Note: Savings deposits are at all depository institutions.
Large Time Deposits and Money Market Funds1 /
mi u«pvaiiuiy III9UIUUUII9
Billions of Dollars
Billions of Dollars
Averages of Daily Figures, Seasonally Adjusted
Large Time
Money Market
1994
1994 Billions
Apr 25 334.8
May 2 335.4
9 334.3
16 334.2
23 332.4
30 334.4
Billions
Apr 25
May 2
9
16
23
30
366.4
363.8
366.1
366.5 —
367.4
363.1
S 19 3 17 31 14 28 12 28 9 23 0 21 4 II 1 15 29 13 27 II 24 7 21 7 21 4 18 2 18 31 13 27
Apr
May
Jun
Jul
Aug
1993
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
1994
May
Jun
Latest data plotted week ending: May 30. 1994
1/ Large time deposits are those issued in denominations of $100,000 or more.
Mon*y market fund, are general purpaee and broker/dealer.
Prep0r9d by Federol R„erve Bank of Si Uuis
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9
10
Total Borrowings
From federal Keserve Banks
Averages of Daily Figures
Billions of Dollars
Billions of Dollars
1994
Billions
May 4
11
16
25
-Jun 1
8
0.183
0.156
0.255
0.178
0.229 ----0.207
23 5 20 \ IS 1 15 2)
May
Jun
1994
Adjustment + Seasonal Borrowings
From Federal Reserve Banks
Averages of Daily Figures
Billions of Dollars
1.4
Billions of Dollars
1.4
I
199 4
1.2
0.183 — 1.2
0.156
0.255
0.178
May 4
11
18
25
1.0
8
0.!
O.i
1.
/l
0.4
7 21
Apr
T'l 1 i
O.i
V
0.4
A i
Jul
Aug
Sep
VA
k/v
*i*i nr* H
■ i ■ r■ r ■ i
Jun
f 20
Oct
1993
-nrr r ■ i »
3 17 1 15 21 12 20 1 23
9 23 1 20 ♦ 11
Nov
Mar
Dec
Jan
Feb
Apr
May
I
0.2
15 29
Jun
1994
Latest data plotted week ending: June 8. 1994
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1.0
O.t
r
5 19 ! If 30 14 21 11 25 8 21
May
0.2 07
L
J
K L
0.2
0.0
Billions
Prepared by Federal Reserve Bank of St. Louis
Commercial Paper of Nonfinancial Companies
Billions of Dollars
1994
Billions of Dollars
Not Seasonally Adjusted
Billions
Apr 27 154.800
May 4 158.373
155.092
154.818
154.1
Jun 1 155.529
7 21
Apr
S 1) 2 1$ 3D 14 21 11 25 D 22 I 21
May
Jun
Jul
Aug
Sep
Oct
3 17 1 15 2! 12 21
Nov
Dec
Jan
! 23 J 23 $ 2D
Feb
Mar
1993
Apr
4 II
May
1 15 2!
Jun
1994
Latest data plotted week ending: June 1, 1994
Commercial and Industrial Loans17
__
™°ne
315
305
205
Weekly Reporting Large Commercial Banks2/
Seasonally Adjusted
Dollar*
Billions of Dollars
— --------- 1--------
1
1
Compounded ann jal
rates of change,
average of the foi r
weeks ending
May 25, 1994 frorn
the four weeks en ding:
May 26. 1993 3.8
Aug 25, 1993 4.9 .
Nov 24, 1993 7.8
Dec 22. 1993 9.7
Jan 26, 1994 2.5
Feb 23. 1994 4.0
6.6
199 t
0
.7
May 4
1
8
.5
315
Billions
287.666__ 315
287.692
289.392
289.351
290.218
290.999
305
205
205
205
225
275
215
205
7 11
Apr
S IS 2 11 M 14 21 11 25 I 22
May
Jun
Jul
Aug Sep
I 21 1 17 1 15 21 12 21 1 21 I 23 ( 21 4 II 1 15 21
Oct
Nov
1993
Dec
Jan
Feb
Mar
Apr
May
Jun
1994
Latest data plotted week ending: May 25, 1994
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 Resen/e 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
UM 197?=1PP
May 4
7 21 5 1! 2 16 30 14 21 11 25
Apr
May
Jun
Jul
Aug
92.4
22 6 20 3 17 1 IS 21 12 26 1 23 1 23 6 20 4 11 1 15 2!
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Latest data plotted week ending: June 8, 1994
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 usinq 10 industrial
country currencies.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Prepared by Federal Reserve Bank of St. Louis
£
Iw
05 >
05 OS
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