Full text of U.S. Financial Data : March 30, 1995

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

1_____

Mar^KO, 1995
Federal f::

E-snk
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FKDIRAI

kisium:

HANkof
SlilXH IS

THE WEEK'S HIGHLIGHTS:
✓ New single-family home sales in February were at an annual rate of
551,000 units, 14 percent below the January rate of641,000 units,
and 20.3 percent below a year earlier. February new home sales
were at their lowest rate since April 1992.

✓ Advance new orders for manufactured durable goods decreased

0.8percent in February, compared with an increase of 1.4 percent
in January. The February decrease is the first since October of last
year. Measured from a year earlier, durable goods orders were up
11.9 percent.

✓ The Conference Board’s index of consumer confidence rose 1.6 per­

centage points in March to 101 percent (1985=100), the first increase
since December 1994.

✓ Initial unemployment insurance claims totaled 338,000for the week
ending March 25. Measured on a four-week moving average basis,
initial jobless claims have risen 6,000 over the past four weeks but
are virtually unchangedfrom a year earlier.

✓ The yield on three-month Treasury bills has changed little over the
past 12 weeks, averaging 5.68 percentfor the week ending March 31
(see page 7).

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
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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.


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Federal Reserve Bank of St. Louis

2
Adjusted Monetary Base
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

1995

Billions

Jan 18

Billions of Dollars

459.1
460.0
461.8
462.4
462.9
464.5

Latest data plotted reserve maintenance period ending: March 29. 1995
The adjusted monetary base is the sui
currency in circulation (currency helJ
adjustment for reserve requirement
Reserve credit. Data are computed
available from this bank.
Recent data are preliminary.

Adjusted Monetary Base
To the average of
two maintenance
periods ending:
B/31/94
9/28/94
10/26/94
11 /23/94
1/4/95
2/1/95
3/1/95
3/29/95

Compounded annual rates of change, average of two maintenance periods ending:
3/30/94

6/22/94

8/31/94

7.3
7.2
6.9
6.7
6.2
6.7
6.7
6.5

6.3
6.1
5.9
5.3
6.1
6.2
6.1

6.1
5.7
4.8
6.1
6.3
6.0


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

9/28/94 10/26/94 11/23/94

5.3
4.4
5.9
6.2
5.9

3.9
6.0
6.3
6.0

1/4/95

2/1/95

6.5
6.7
6.2

Prepared by Federal Reserve Bank of St Louis

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

Billions of Dollars

Billions of Dollars

M1
1995

1170 -

Billions

Feb 13
20
27
Mar 6
13
20

1146.8
1145.5
1146.2
1147.2
1147.1
1151.1

M1 (left scale)

TCD (right scale)

1995

7 21 7 21
Feb

Mar

4

18 2
Apr

16 30 13 27 11 25
May

Jun

Jul

22 5
Aug

19 3
Sep

17 31 14 28 12 26
Oct

Nov

Dec

Billions

Feb 13
20
27
Mar 6
13
20

780.0
778.3
778.1
779.2
776.8
779.3

23 6 20
Jan

Feb

6 20 3
Mar

17
Apr

Latest data plotted week ending: March 20, 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
checks.
Total checkable deposits is the sum of demand deposits and other checkable deposits at depository institutions.

Money Stock (Ml)
T ..
Compounded annual rates of change, average of four weeks ending:
IO the average 3/21/94 6/20/94 8/22/94 9/19/94 10/17/94 11/21/94 12/19/94 1/23/95
of four weeks
ending:
8/22/94
9/19/94
10/17/94
11/21/94
12/19/94
1/23/95
2/20/95
3/20/95

2.6
2.1
1.6
1.0
1.1
1.0
0.8
0.8


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

1.9
1.1
0.2
0.6
0.5
0.2
0.3

-1.0
-1.7
-0.7
-0.6
-0.7
-0.6

-2.2
-0.7
-0.6
-0.7
-0.6

-0.5
-0.3
-0.6
-0.4

1.1
0.3
0.3

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves
Seasonally Adjusted

Billions of Dollars

Billions of Do||ars

114
1995

Billions

Jan

4 101.6
18 102.4
Feb 1 101.0
15 103.0
Mar 1 103.6
15 102.2

110

102

9!

94

90
Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Feb Mar
1995

Apr

Latest data plotted two weeks ending: March 15, 1995
Adjusted reserves is the difference between adjusted monetary base and currency component of M1.

Adjusted Reserves
To the average of
two maintenance
periods ending:
8/17/94
9/14/94
10/12/94
11/9/94
12/21/94
1/18/95
2/15/95
3/15/95

Compounded annual rates of change, average of two maintenance periods ending:
3/16/94

-4.0
-3.0
-2.8
-4.5
-5.0
-3.4
-3.1
-2.0


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

6/8/94

-3.9
-3.3
-5.8
-6.3
-3.9
-3.4
-2.0

8/17/94

0.6
-5.3
-6.3
-2.7
-2.3
-0.5

9/14/94

-9.1
-8.7
-3.9
-3.2
-1.0

10/12/94 11/9/94

-11.5
-4.6
-3.6
-0.9

12/21/94

1/18/95

0.5
0.4
2.9

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier1/
Averages of Daily Figures
Seasonally Adjusted

Ratio

3.2

.

2.8

Ratio

1

Compounded annual
rates of change,
average of the four
weeks ending
March 13, 1995 from
the four weeks ending:
Mar 14. 1994 -5.2
Jun 20, 1994 -5.6
Sep 26, 1994 -6.6
Oct 24, 1994 -6.3
Nov 21, 1994 -5.9
Dec 19, 1994 -7.7
Jc n 16, 1995 -8.2

1—

1995
Jan

3.2

Ratio

2
16

2.511
2.507

Feb 1 3
27
Mar 1 3

2.4E 8
2.4“ 9
2.4' 8

3.0

2.8

2.6

2.6

2.4
7 21
Feb

7 21 4 18 2
Mar Apr

16 JO 13 27 II 25 8 22

May

Jun

Jul

Aug

5

1S ]

Sep

17 31 14 28 12 20
Oct

Nov

Dec

9 23

8 20 f 20 3 17

Jan

Feb

1994
Latest data plotted two weeks ending: March 13, 1995

Mar

2.4

Apr

1995

Currency Component of M12/
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

375

365

355

Billions of Dollars

375

1----------- 1---------- 1----------Compounded annual
rates of change,
average of the four
weeks ending
March 20, 1995 from
the four weeks ending:
Mar 21. 1994 9.0
Jun 20. 1994 8.7
Sep 19, 1994 8.4
Oct 17. 1994 8.5
Nc v 21. 1994 7.7
De c 19. 1994 7.9
Jc n 23. 1995 7.5

365

355

345

345
1995
Feb 1 3
20
27
Mar 6
13
20
1

335

Billio OS
358 4
358 8
358.8
359.6
361.8
363.3
1

- 335

325
21
Feb

7 21 4 IS 2 16 30 13 27
Mar
Apr
May Jun

11 25
Jul
1994

8 22 5 19
Aug
Sep

3 17 31 14 28 12 26 9 23
Oct
Nov Dec
Jan

6 20 6 20 3 17
Feb Mar
Apr
1995

Latest data plotted week ending: March 20, 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

325

6

Yields on Selected Securities
Percent

Percent

Averages of Daily Figures

Corporate
Aaa donds

Prime Bank
-Loan Rate-

Municipal Bonds

Feb

Mar

Apr

May

Jun

Jul
1994

Aug

Sep

Oct

Nov

Dec

Jan

17 3 17 31

Feb Mar
1995

Apr

Latest data plotted are averages of rates available for the week ending: March 31, 1995

1994

30—Day
Commercial
Paper

90-Day
CDs

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **

5.85
5.75
5.82
5.94
6.08
6.03
6.07
6.03
6.05
6.08
6.07
6.05
6.07

6.36
6.20
6.22
6.22
6.22
6.16
6.17
6.11
6.13
6.20
6.14
6.12
6.14

6.21
6.09
6.12
6.10
6.11
6.05
6.05
6.00
6.03
6.08
6.03
6.02
6.04

8.49
8.46
8.44
8.49
8.33
8.28
8.26
8.23
8.17
8.22
8.04
8.10
8.05

9.13
9.10
9.06
9.10
8.92
8.87
8.85
8.82
8.76
8.81
8.62
8.69
8.62

6.66
6.53
6.44
6.49
6.40
6.18
6.18
6.11
6.08
6.18
6.06
6.09

Jan

6
13
20
27
Feb 3
10
17
24
Mar 3
10
17
24
31 *

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


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

Prepared by Federal Reserve Bank of St. Louis

r

Selected Interest Rates

Percent

Percent

9.0

9.0

5- Tear
T eatury Securiti M

>

/

>

i.o

*

✓

X

✓

\
.

^

>
/-’*
------ JL

6.0
4
r
f

6.0

Federal
Fund i Rate J

s

/

r.

Ji

**•

*

--

sT

* /

5.0
3-1 lonth
Treat ury Bill

A.v

5.0

✓r
^ ✓y

1.0

*

Discount Rate

5.0

3.0

2.0 n i ■
Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

1994

Mar

Apr

1995

Latest data plotted are averages of rates available for the week ending: March 31, 1995

1994
Jan

6
13
20
27
Feb 3
10
17
24
Mar 3
10
17
24
31 *

Federal
Funds **
5.40
5.53
5.45
5.42
5.63
5.95
5.93
5.94
5.88
5.93
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

5.67
5.66
5.70
5.77
5.82
5.79
5.75
5.72
5.74
5.76
5.75
5.72
5.68

6.74
6.66
6.58
6.50
6.43
6.37
6.29
6.15
6.07
6.14
6.00
5.97
5.94

7.86
7.80
7.73
7.74
7.54
7.47
7.40
7.23
7.10
7.18
6.95
7.01
6.97

7.86
7.80
7.74
7.78
7.62
7.56
7.48
7.36
7.27
7.35
7.11
7.16
7.12

7.99
7.95
7.90
7.93
7.78
7.72
7.67
7.61
7.53
7.61
7.40
7.47
7.43

r. r-------------rrr , 1 this bank. Treasury
ujm ui on a discount basis.
which are computed ,by ... '1 v"- bill yields.are cicubc cauiuuiiiu 10m
* 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

7

8

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

Billions of Dollars

3670

^
1995

Feb 13
20
27
Mar 6
13
20

3645

Billions of Dollars

2545

M2 ^
Billions
3621.7
3618.8
3620.8_j
3 617.6
3 625.5
3 638.3

2520

M2 (left st ale)

2495

_

.

3620

S

✓\

/

/

3595
i

✓\

/
■

\ i
V

/

>/“ "* --n

*

Nor
1995

^lon-M1 M2 (ri ght sea e)

\/

2
Billio ns

Feb 13
20
27
Mar 6
13
20
l

\

3570

t
r

2470

t

i~'\

2474.9
2473.3
2474.6
2470.4
2478.4
2487.2
I

3545

2445

2420
7 21 7 21 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
Aug
Sep
Oct
Nov
Dec
Jan
Feb Mar
Apr
May
Jun
Jul
Feb Mar
Apr
1994

1995

Latest data plotted week ending: March 20, 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:
lotne average 3/2i/94 6/20/94 8/22/94 9/19/94 10/17/94 11/21/94 12/19/94 1/23/95
of four weeks
ending:
B/22/94
9/19/94
10/17/94
11/21/94
12/19/94
1/23/95
2/20/95
3/20/95

1.3
0.9
0.7
0.4
0.7
1.0
0.9
0.9


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

0.5
0.4
0.0
0.4
0.9
0.7
0.8

-0.9
-1.1
-0.2
0.7
0.5
0.6

-0.8
0.3
1.2
0.8
0.9

0.5
1.6
1.1
1.1

3.3
2.0
1.8

1.6

1.5

Prepared by Federal Reserve Bank of St. Louis

r

Savings and Small Time Deposits
Averages or Daily Ngures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Savings
1995

Small Time

Billions

1995

13 1097.1
20 1095.5

857.2
862.5
869.0

20

27 1105.7

Billions

20
27
Mar 6

879.5

Saving# D#posits(left scale)

Small Tim# (right scale)

Nov

1994

Dec
1995

Note: Savings deposits are at all depository institutions.

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

Billions of Dollars

445

I--------- 1--------Large Time
1995

420

367.9
372.1
77.0
77.7
76.7
79.1

"1 _. **

""

** — -

Ne

4*

'

392.9

27
Mar 6
13
20

ly oney M arket

Billions

Feb 13

i

395

370

392
387
391
390

3
6
6
4

370

345

Large Tim#

320
7 21 * 1! 2 It JO 11 27 II 25
Mar
Apr
May Jun
Jul

1 22
Aug

5 19 3 17 31 H 21 12 26 9 23
Sep
Oct
Nov
Dec Jan

1994

f 21 6 20
Feb Mar

3

17
Apr

1995

Latest data plotted week ending: March 20, 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| R„e[ve Bank of st ^


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

420

395

- -v.
^ -* * „ e-* —

*

345

7 21
Feb

445

Money Market

1995

Billions

Feb 13
20
27
Ma r 6
13
20

Billions of Dollars
1--------- 1-------

9

320

10

Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

1995

Billions

Feb 22
Mar 1

Billions of Dollars

0.064
0.055
0.054
0.064
0.072
0.086

2 16

2

16 30 13 27 11 25 8 22 6 20

Feb Mar

Apr

May

3

17 31 14 28 12 26 9 23 7 21

4 18

1

15 1

15 29 12 26

Jun

Jul Aug
Sep
Oct
Nov Dec Jan
Feb Mar
Apr
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
3425

v

All Commercial Banks in the United States '
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

2500

---------1-----------1

Bank Credit
1995

3375
3325

Feb

8
15
22
Mar 1

Billions
3351.2
3359.1
3366.0
3380.7

2450
B ink Cre dit (lef : scale

/

2/

/

2400

15 3385.3

3275

2350

3225

2300

-+r*~
*

"

/

Loan s&Lea ses

*

1992

3175

Feb

'•'V
>ans ar d Leasea (rig it scale )

3125
3075
16
Feb

16 3
Mar

13 27 11 25 8 22 6 26
Apr
May
Jul
Jun
1994

17 3 14 28 12 26 9 23 7 21 4 18
Aug
Sep
Oct
Nov Dec
Jan

Latest Wednesday data plotted : March 15, 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

8
15
22
.Mar 1
8
15

Billie ns

2412.9
2424.1
2426.1
2441.1
2436.6
2443.6

15 i 15 29 12 2
Feb Mar
Apr
1995

Prepared by Federal Reserve Bank of St. Louis

2250

2200
2150

*

Commercial Paper of Nonfinancial Companies
Billions of Dollars

Billions of Dollars

___________________Not Seasonolly Adjusted

Billions
Feb 15 167.462
167.554
Mar 1 170.907
175.422
175.024.

2 16 2 16 30 13 27 11 25 8 22 6 20 3 17 31 14 28 12 26 9 23 7 21
Feb Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov Dec

15 1 15 20 12 26
Feb Mar
Apr

Latest data plotted week ending: March 22, 1995

Commercial and Industrial Loans

Billions of Dollars

Billions of Dollars

Seasonally Adjusted

All Banks
1995 Billions
Feb

8
15
22
Mar 1
8
15

667.6
670.4.
670.6
676.3
671.9
675.6

Large Banks (right scale)'

Large Banks
1995
Feb

8
15
22
Mar 1
8
15

All Banks (left scale)

2 16 2 16 30 13 27
Feb Mar
Apr

11 25 8 22
May Jun

6 20 3 17 31 14 28 12 26
Jul
Aug
Sep
Oct
1994

Latest Wednesday data plotted : March 15, 1995
Current data appear in the Federal Reserve Board's H.8 release.
1/ Includes foreign—related institutions
2/ Weekly reporting, domestically chartered banks


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

11

9 23 7 21 4 18
Nov Dec
Jan

Billions
326.2
327.7
328.6
331.4
329.4
331.7

— 270

15 1 15 2) 12 26
Feb Mar
Apr

_
.
.
Prepared by Federal Reserve Bank of St. Louis

Dollar’s Trade-Weighted Exchange Index
1973=100

Averages of Daily Figures

1995 1973=100

2 IS 2 15 JO 13 27 11 25
Feb

Mar

Apr

May

22 6 20 3 17 31 14 20 12 26 8 23 7 21 4 18 1 15 1 15 29 12 26

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

Latest data plotted week ending: March 29, 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.


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

o

Eh

X

<

X

Eh
i-3
O

en O