Full text of U.S. Financial Data : May 14, 1992

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

Federal Reserve Bank HAY 1 8 1992

fJMncial Data

mi

HIM K\l
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THE WEEK'S HIGHLIGHTS:
*/ The nation’s jobless rate was 7.2 percent in April, down slightly
from the 7.3 percent rate posted in both February and March, but
still well above the 6.6 percent rate in April of last year.
\/ Employment in service-producing industries expanded by 135,000
jobs in April, the largest single-month gain since June 1990.
Retail sales advanced at an 11.3 percent annual rate in April, fol­
lowing a decline at an 11 percent rate in March. Sales were up
4.4 percent over April of last year.
^ The consumer price index for all urban consumers (CPI-U) rose
at a 2.6 percent annual rate in April, compared with an increase
of 6.2 percent in March. The CPI-U was up 3.2 percent from a
year earlier.
The producer price index for finished goods increased at a 2
percent annual rate in April, after increasing at a 3 percent rate
in February and March.
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)
$18
Two years (100 issues) $30
To subscribe, please send your check or money order made payable to the Federal Reserve Bank
of St. Louis to: Research and Public Information, Federal Reserve Bank of St. Louis, Post Office
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.

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Federal Reserve Bank of St. Louis

2
Adjusted Monetary Base
Billions of Dollars

1992

Billions of Dollars

Seasonally Adjusted

Billions

t 29 3 17 1 15 2! 12 26 10 21 7 21 4 II 2 11 39 1! 27 II 25
Mar

Apr

May

Aug

Jun

Sep

Oct

Nov

Dec

22 5 11 4 11 1
Jan

Feb

Mar

15 29 13 21
Apr

May

Latest data plotted reserve maintenance period ending: May 13, 1992
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
Compounded annual rates of change, average of two maintenance periods ending:
To the average of 5/15/91
8/7/91 10/16/91 11/13/91 12/11/91 1/8/92 2/19/92 3/18/92
two maintenance
periods ending:
10/16/91
11/13/91
12/11/91
1/8/92
2/19/92
3/18/92
4/15/92
5/13/92

7.1
8.0
7.7
7.3
8.7
8.8
8.4
8.5


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Federal Reserve Bank of St. Louis

9.5
8.6
7.9
9.8
9.8
9.1
9.2

9.2
7.8
10.7
10.6
9.5
9.6

5.2
10.0
10.1
8.8
9.0

11.9
11.4
9.6
9.7

14.1
10.9
10.8

Prepared by Federal Reserve Bank of St. Louis

Money Stock (M1) and Total Checkable Deposits
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

M1
1992 Billions
- Mar 30 935.7 ■
Apr 6 941.2
13 940.2
20 945.9
27 941.2
May 4 951.7

TCD (right scale).

M1 (left
TCD
1992 Billions
Mar 30 656.0
Apr 6 660.6
13 658.9
20 664.1
27 659.4
May 4 669.3

< II

1 IS 2! 11 11 U 24 8 22 5 1! 2 li 30 14 2! II 25

Mar Apr

May

Jun

Jul

Aug

Sep

Oct

9 23 f 20

Nov

Dec

Jan

Feb

Mar

Apr

May

1991
Latest data plotted week ending: May 4, 1992
Current data appear in the Federal Reserve Board's H.6 release.
M1 is the sum of currency held by the nonbonk 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)
To the average
of four weeks
ending:
10/7/91
11/4/91
12/2/91
1/6/92
2/3/92
3/2/92
4/6/92
5/4/92

Compounded annual rates of change, average of four weeks ending:
5/6/91
8/5/91
10/7/91 11/4/91 12/2/91
1/6/92
2/3/92
3/2/92

8.8
9.6
10.4
10.2
11.3
13.0
12.5
12.1


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Federal Reserve Bank of St. Louis

10.5
11.7
11.0
12.6
14.8
13.9
13.2

14.8
12.5
14.6
17.4
15.7
14.5

11.9
14.7
18.2
16.0
14.6

14.3
19.1
16.1
14.4

25.9
19.0
16.1

17.9
14.5

8.1

Prepared by Federal Reserve Bank of St Louis

3

4
Adjusted Reserves
Billions of Dollors

1992

Seasonally Adjusted

Billions of Dollors

Billions

Feb 19
Mar 4
Apr

Mar

1

Apr

May

Jun

Aug

Sep

Oct

Nov

Dec

Feb

Mar

Apr

May

Latest data plotted two weeks ending: April 29. 1992
Adjusted reserves is the difference between adjusted monetary base and currency component of M1.

Adjusted Reserves
Compounded annual rates of change, average of two maintenance periods ending:
To the average of 5/l/91
7/24/91 10/2/91 10/30/91 11/27/91 12/25/91 1/22/92 3/4/92
two maintenance
periods ending:
10/2/91
10/30/91
11/27/91
12/25/91
1/22/92
3/4/92
4/1/92
4/29/92

7.5
8.4
8.4
9.6
7.1
13.4
12.8
13.6


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Federal Reserve Bank of St. Louis

9.3
9.1
10.8
7.0
15.7
14.6
15.5

11.1
13.7
6.7
19.7
17.5
18.2

13.6
4.4
21.0
18.2
18.9

2.4
24.9
20.5
21.0

27.3
20.9
21.4

37.2
33.0

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier1 /
Averages ot uaily Figures
Seasonally Adjusted
Compounded annual
rates of change,
average of the four
weeks ending
April 27, 1992 from
the four weeks ending:
Apr 29, 1991 3.3

Feb 17
Mar 2

2.598

Apr 13

2.622
2.605
2.613

Oct 28. 1991
9, 1991
3, 1992

1991
Latest data plotted two weeks ending: April 27, 1992

1992

Currency Component of M12/
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Compounded annual
rates of change,
average of the four
weeks ending
May 4, 1992 from
the four weeks ending:
May 6, 1991 6.8
Aug 5, 1991 7.3
Nov 4. 1991 6.6
Dec 2. 1991 7.0
Jan 6, 1992 7.1
Feb 3, 1992 6.4
Mar 2, 1992 4.8

1992

Billions

Mar 30
Apr 6
273.3
273.8
May 4

Mar

Apr

May

274.4

Jun

Latest data plotted week ending: May 4, 1992
1/ Ratio of M1 to adjusted monetary base
2/ Current data appear in the Federal Reserve Board's H.6 release.


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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

Bonds

Prime Bank

17 31 14 28 13 27 18 24

1 15 21 12 26 10 24 7 21 5 19 2 16 30 13 27 11 25 8 22
Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Jan

Nov

Feb

Mar
1992

Apr

Latest data plotted are averages of rates avoilable for the week ending: May 15, 1992

1992

90-Day
CDs

30—Day
Commercial
Paper

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

4.13
4.16
4.22
4.24
4.29
4.25
4.19
4.08
3.93
3.96
3.92
3.85
3.78

4.17
4.19
4.27
4.28
4.32
4.27
4.25
4.11
3.95
3.95
3.92
3.88
3.85

4.05
4.08
4.17
4.19
4.21
4.19
4.12
4.01
3.84
3.87
3.82
3.77
3.71

8.33
8.31
8.32
8.34
8.38
8.36
8.35
8.32
8.28
8.33
8.37
8.35
8.29

Feb 21
28
13
20
27
10
17
24
May 1
8
15 *

Corporate
Baa Bonds
9.28
9.23
9.21
9.23
9.31
9.25
9.21
9.19
9.16
9.24
9.23
9.20
9.14

Municipal
Bonds **
6.75
6.74
6.71
6.76
6.79
6.77
6.73
6.66
6.60
6.68
6.69
6.64
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


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

Selected Interest Rates

Percent

Percent

Averages of Daily Figures

5—Year

I 15 29 12 26 10 24 7 21 5 19 2 16 30 13 27 11 25 8 22 6 20 3 17 31 14 28 13 27
Mar

Apr

Jul
Aug
Sep
Oct
Nov Dec
Jan
Feb
1991
Latest data plotted are averages of rates available for the week ending: May 15, 1992

1992
Feb 21
28
6
13
20
27
Apr 3
10
17
24
May 1
8
15 *

May

Jun

3—Month
Federal
Treasury
Funds *****
Bill
4.20
3.87
3.96
3.94
4.08
4.04
3.95
4.02
4.04
4.06
3.94
4.03
4.09
4.01
3.98
3.80
3.65
3.63
3.47
3.68
3.65
3.69
3.77
3.63
3.84
3.62

6-Month
Treasury
Bill **+

1 —Year
Treasury
Bill

Mar
1992

5—Year
Treasury
Securities

Apr

May

Long-Term
Treasury
Securities

3.93
4.16
6.70
7.85
4.08
4.19
6.70
7.79
4.10
4.32
6.79
7.83
4.13
4.43
6.91
7.91
4.27
4.50
7.08
7.98
4.27
4.40
7.00
7.91
4.19
4.27
6.86
7.e4
4.02
4.06
6.69
7.78
3.73
3.95
6.65
7.76
3.86
4.11
6.89
7.94
3.85
4.12
6.88
7.95
3.78
4.06
6.78
7.87
3.74
3.95
6.67
7.75
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
Mar


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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

1992

Billions of Dollars

M2
Billions

Mar 30 3462.7
Apr 6 3468.3
13 3469.5.
20 3471.3
27 3461.2
May 4 3471.0

(left scale)

Non-M1 M2 (right scale)

Non-M1 M2
1992 Billions
Mar 30 2527.0
Apr 6 2527.1
13 2529.3
20 2525.4
27 2520.0
May 4 2519.3

4 18
Mar

1

15 29 13 27 10 24 8 22

Apr

May

Jun

Jul

5 19 2 16 30 14 28 11 25 9 23

Aug
1991

Sep

Oct

Nov

Dec

6 20 3 17 2 16 30 13 27 11 25
Jan

Feb

Mar
1992

Apr

May

Latest data plotted week ending: May 4, 1992
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)
To the average

Compounded annual rates of change, average of four weeks ending:
5/6/91
8/5/91
10/7/91 11/4/91 12/2/91
2/3/92
3/2/92
1/6/92

ending:
10/7/91
11/4/91
12/2/91
1/6/92
2/3/92
3/2/92
4/6/92
5/4/92

1.2
1.5
2.1
2.0
2.2
2.9
2.4
2.1


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Federal Reserve Bank of St. Louis

2.0
2.8
2.5
2.7
3.6
2.8
2.5

4.5
3.3
3.5
4.7
3.3
2.8

3.2
3.5
4.9
3.3
2.7

2.7
4.8
2.9
2.2

6.9
3.4
2.4

3.1
1.9

-1.4

Prepared by Federal Reserve Bank of St. Louis

Savings and Money Market Funds
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars
1130 i -------- 1--------- 1--------Savings
1992 Billions
Mar 30
6
13
20
27
May 4

1090 - Apr

1050

1101.4
1106.8
11 1.5
11 2.5
11 2.4
11 5.9

Billions of Dollars
110

390
Monov Mark? t (righ scale]

„ -» •*« - - *

370

\
*'* >

r

v

*

\
f

1010

350
Mon ey Ma ket
1992 Billio ns
Mar 3 0 354 .8
-Apr 6 352.4 —
13 353.7
20 353.4
27 355.5
May 4 357.5
______ I______ I____

So vlngs C epostts (left s

970

■

IT

Mar

Apr

May

III

II

J

V

IV

«l

l»

t

ID

JV

IJ

Jun

Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
.
1991
1992
Note: Savings deposits are at all depository institutions. Money market funds are general purpose
and broker/dealer.

II

II

Apr

330

310

LJ

Mav

Large and Small Time Deposits1 /
All Depository Institutions

Billions of Dollars

Billions of Dollars

550
525

Smc II
1992
'Mar 3
Apr
1
2

Small Time right sc ale)

500

May

>

I
Time
Billions
994.3
991.7
987.9
983.6
975 2

1175
1145
1115

N

475
450
425
400
375

i-----------

/

/

/

1085
Large Ime (If ft scale )
rge Tirne
_2 Bill ions
Mar 30 410.9
Apr 6 407.6
13 407.4
20 407.0
27 403.4
May 4 404.1
r~rT ■' j ''i » J
hr*i
I ' l ' I
T' 1 '
1 '

4 II

Mar

I

1025
\

MM

15 2) 13 27 10 24 I 22 5 19 2 IS 30 14 21

Apr

May

Jun

Jul

Aug

Sep

1055

\
\
^_ \
_

Oct

r » i 1 ■i'll1

N

995

c-------N
N
*»

'I'M ri""■ i ■■

11 25 9 23 S 20 3 17 2 16 30 13 27 11 25
Nov

Dec

Jan

1991

Feb

Mar

Apr

May

1992

Latest data plotted week ending: May 4, 1992
1/ Large time deposits are those issued in demoninations of $100,000 or more.


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

9

965

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

1992

Billions

Apr 8
15
22
29
May 6
_
13

0.048
0.064
0.104
0.132
0.110
0.195

or_
L‘J

o

a

Billions of Dollars

6 20 3 17 1 15 29 12 26 10 24 7 21 4 18 2 16 30 13 27 11 25 8 22 5 19 4 18 1 15 29 13 27
Mar

Apr

May

Jun

Jul
Aug
1991

Sep

Oct

Nov

Dec

Jan

Feb

Mar
1992

Apr

May

Adjustment + Seasonal Borrowings
l-rom l-ederal Keserve banks
Averages of Daily Figures

Billions of Dollars

1992
Apr

Billions of Dollars

Billions

8
15

0.048
0.063

29
May 6
13

0.128
0.110
0.195

22

0.101

6 20 3 17 1 15 29 12 26 10 24 7 21 4 II 2 16 30 13 27 11 25
Mar

Apr

May

Jun

Jul
Aug
1991

Sep

Oct

Nov

Dec

22 5 19 4 18 I 15 29 13 27
Feb

Mar
1992

Apr

May

Latest data plotted week ending: May 13, 1992


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

Commercial Paper of Nonfinancial Companies

Billions of Dollars

Apr

Billions of Dollars

Not Seasonolly Adjusted

1

_May 6

6 20 3 17 1 15 29 12 26 10 24 7 21 4 IB 2 16 30 13 27 11 25 8 22 5 19 4 18 1 15 29 13 27
Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Latest data plotted week ending: May 6, 1992

Commercial and Industrial Loans17
Weekly Reporting Large Commercial Banks2/
Seasonally Adjusted

Billions of Dollars

Billions of Dollars
380

------ I------- 1--------

370
360
350
340
330

Compounded anni al
rates of change,
average of the fou r
weeks ending
April 29, 1992 fror
the four weeks en<ling:
May 1. 1991 - 9.5
Jul 31. 1991 - 7.4
Oct 30, 1991 - 6.8
Nov 27, 1991 h6.2
Jan 1. 1992 - 3.8
Jan 29, 1992 - 3.8

------- 1-----1992

Billions__

Mar 2 5
1
8
15
22
29

289.742
289.590__
287.710
287.506
286.635
286. D25

-

370
36D
350
340
330

320

320

310

310

300

300

290

290

280

6 20 i 17 1 IS 2! 1! !f 10 24 7 21 4 18 2 16 30 13 27 II 25 1 22 5 19 4 II I 15 20 13 27
Mar

Apr

May

Jun

Jul
Aug
1991

Sep

Oct

Nov

Dec

Jan

Feb

Mar
1992

Apr

May

Latest data plotted week ending: April 29, 1992
1/ Commercial and industrial loans include banker's acceptances and commercial paper.
2/ Banks with domestic assets greater than f 1.4 billion
_
_
Prepared by Federal Reserve Bank of St. Louis


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Federal Reserve Bank of St. Louis

11

280

Dollar’s Trade-Weighted Exchange Index
Averoges of Daily Figures

1992 1973=100

( 2) 3 17 t 15 29 12 26 10 29 7 21 9 IS 2 If 30 13 27 11 25 1 2! S If 1 11 1 IS 2) 13 27
Mar

Apr

May

Jun

Jul
Aug
1991

Sep

Oct

Nov

Dec

Jan

Feb

Mar
1992

Apr

May

Latest data plotted week ending: May 13, 1 992
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

K

<
n
<» J


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Federal Reserve Bank of St. Louis