Full text of U.S. Financial Data : May 25, 1995

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

Mav25,1995

HAY 3 0 1995

RESEARCH LIBRARY

fl i r¥ffal Reseva C^sf< fpy

U

.SI Financial Data

THE
FEDERAL

j reserve

JBllVNKof

ST. KH IS

THE WEEK'S HIGHLIGHTS:
✓ Advance new orders for manufactured durable goods fell 4 percent
in April, the third consecutive monthly decline and the largest
decrease since December 1991. Compared with the same period in
1994, however, new orders for the first four months of 1995 are up
10 percent.

✓

The National Association of Realtors reported that sales of existing
single-family homes fell 6.4 percent in April, more than offsetting
the 5.8 percent increase in March. Compared with a year earlier,
existing home sales have declined 17.5 percent.

✓ Initial unemployment insurance claims totaled 380,000for the week
ending May 20, up 29,000from four weeks earlier. Measured on a
four-week moving average basis, initial jobless claims are at their
highest level since October 1992.

✓

The federal government ran a $49.7 billion surplus in April. So far
in fiscal year 1995, the total deficit is $94.3 billion, down 29 percent
from the $132.7 billion deficit posted for the same period in fiscal
year 1994.

✓ Long-term Treasury securities yielded 6.85 percent for the week end­
ing May 26, the lowest reading since the week ending March 4, 1994
(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 or Daily Hgures
Seasonally Adjusted

Billions of Dollars

1995

Billions

Mar 15

462.9
463.8
464.4
466.8

Apr 12
May 10

Billions of Dollars

6 20 4 18 1 15 29 13 27 10 24 7 21 5 19 2 16 30 14 28 11 25
Apr

May

Jun

22 8 22 5 19

17 31 14 28

Jul

Aug
Sep
Oct
Nov
Dec
Jan
Feb Mar
Apr
May
Jun
1994
1995
Latest data plotted reserve maintenance period ending: May 24, 1995
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 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:
10/26/94
11/23/94
12/21/94
1/18/95
3/1/95
3/29/95
4/26/95
5/24/95

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

6.7
6.4
5.9
6.2

6.5
6.3
6.3
6.5


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

5.7
5.1
5.6
6.2

5.9
5.9
6.2

3.9
5.3
6.3
5.8
5.9
6.3

5.4
6.7
6.0

8.3
6.9

6.1

6.8

6.5

7.2

6.5
6.5
7.0

Prepared by Federal Reserve Bank of St. Louis

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

Billions of Dollars

1190

1

Billions of Dollars

1

1

M1
1995 Billions

1170

845

1

TCD
1995 Billions
Apr 10 776.7
17 775.6

Apr 10
17
24
May 1

1150.2
1150.0
1149.6
11 *9.4
8 11 *3.7
15 11 *3.4

May

1
8

5

772 .8
767 .3
765 .9

825

Ml (left s( ale)
A

1150
✓✓

\

Vvj

X/

\
• ■\^
s

*

1130

•

______

1110

785

s/

TCD ( right s :ale)

1090

805

TV

s

4

\

705

4 1!

I II

13 27 II 25

Apr

Way

Jun

Jul

1 22 5 19 3 17 31 14 21 12 2i 9 23 6 20 6 2« 3 17 I 15 29 12 29
Aug
1994

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr
1995

May

Jun

Latest data plotted week ending: May 15, 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 end other checkable deposits at depository institutions.

Money Stock (Ml)
Compounded annual rates of change, average of four weeks ending:
To the average 5/16/94 8/15/94 10/17/94 11/14/94 12/12/94 1/16/95 2/13/95 3/13/95
of four weeks
ending:
10/17/94
11/14/94
12/12/94
1/16/95
2/13/95
3/13/95
4/17/95
5/15/95

1.6

0.7
1.1
0.8

0.7
0.5
0.6

0.4


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Federal Reserve Bank of St. Louis

-2.1
-0.8
-0.8
-0.7
-0.9
-0.5
-0.7

-0.3
-0.6
-0.4
-0.7
-0.2
-0.5

1.0

0.7
0.1

0.5
0.0

-0.6
-1.0
-0.2
-0.6

-1.0
0.1

-0.5

Prepared by Federal Reserve Bank of St. Louis

3

745

4
Adjusted Reserves
Billions of Dollars

1995
Mar

Soasonally Adjusted

Billions of Dollars

Bjljlops

1

103.6

Apr 12

100.2

May 10 100.1

6 20 4 18 I 15 29 13 27 10 21 7 21 5 19 2 16 30 14 28 11 25 8 22
Apr

May

Jun

Jul

Aug
1994

Sep

Oct

Nov

Dec

Jan

Feb

22 5 19 3 17 31 14 28

Mar
Apr
1995

May

Jun

Latest data plotted two weeks ending: May 10, 1995
Adjusted reserves is the difference between adjusted monetary base and currency component of M1.

Adjusted Reserves
two maintenance
periods ending:
10/12/94
11/9/94
12/7/94
1/4/95
2/15/95
5/15/95
4/12/95
5/10/95

Compounded annual rates of change, average of two maintenance periods endina:
5/11/94 8/3/94 10/12/94 11/9/94 12/7/94
1/4/95 2/15/95 3/15/95

0.7
-2.1
-2.2
-2.8
-1.3
-0.1
-3.0
-2.4


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

-4.3
-3.9
-4.5
-2.0
-0.3
-4.2
-3.3

-9.6
-8.9
-3.6
-0.9
-6.1
-4.7

-5.0
0.4
2.9
-4.1
-2.7

1.5
4.5
-4.5
-2.8

9.6
-3.6
-1.7

-11.5
-6.2

-14.2

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier1 /
Averages of Daily Figures
Seasonally Adjusted

Ratio

3.1

.

2.9

2.7

Compounded annu a,
rates of change,
average of the fou r
weeks ending
May 8, 1995 from
the four weeks enc ing:
May 9, 1994 - 5.4
Aug 15, 1994 - 5.0
Nov 21. 1994 - 5.2
Dec 19, 1994 - 5.2
Jan 16, 1995 - 5.1
Feb 13, 1995 - t.9
3.9

Ratio
1

1995
_

3.1

1

Ratio

Feb 27
Mar 13

2.479
2479

Apr ' 0
4
May 8

2.4 71
2.4 63
2.4 54

2.9

2.7

2.5

2.5

2.3

r ■ i »
Apr

May

Jun

Jul

Aug
Sep
Oct
1994
Latest data plotted two weeks ending: May 8, 1995

Nov

Dec

Jan

Feb

1

Mar
Apr
1995

1 1

' 1

May

' 1

2.3

Jun

Currency Component of M12/
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

375

365

355

•

I
1
1
Compounded annual
rates of change,
average of the four
weeks ending
May 15, 1995 from
the four weeks ending:
May 16. 1994 9.3
Aug 15, 1994 9.1
Nov 14, 1994 9.2
Dec 12, 1994 9.3
Jar 16, 995 1 3.3
Fet 13, 995
3.8
Ma 13, 995 1 2.8

Billions of Dollars

375
-

365

355

345

345

335

199*

Billie122

Apr 1 0

364 .4

4
May 1

366.6
367.4
367.1
368.3

8
15

J

325

T ■ 1 ' PT' ~~l" I 1
Apr

May

Jun

Jul

Aug
1994

Sep

Oct

Nov

Dec

Jan

Feb

Mar
Apr
1995

May

J

1

335

l ■ I
Jun

Latest data plotted week ending: May 15, 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

-Prime

Loan date

4unicipai Bonds

17 31 H 28

16 30 14 28
Apr

May

Jun

Jul

Aug
1994

Sep

Oct

Nov

Dec

Jan

Feb

Mar
Apr
1995

May

Jun

Latest data plotted are averages of rates available for the week ending: May 26, 1995

1995
Mar

3
10

17
24
31
Apr 7
14
21

May

28
5
12

19
26 *

30-Day
Commercial
Paper
6.05
6.08
6.07
6.05
6.08
6.08
6.08
6.05
6.05
6.07
6.03
6.06
6.05

90-Day
CDs

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **

8.76
8.81
8.62
8.69
8.65
8.62
8.62
8.60
8.57
8.45
8.25
8.15
8.15

6.08
6.18
6.06
6.09
6.07
6.03

6.03
6.08
6.03

8.17

6.14
6.12

6.02

8.10

6.15
6.15

6.05
6.03

6.12
6.10

6.00

8.08
8.05
8.04

6.13
6.20

6.09
6.07
6.01

6.03
6.02

5.99
5.99
5.96
5.91
5.91
5.90

8.22

8.04

8.02
8.00

7.89
7.69
7.60
7.60

6.01

5.96
6.06
6.10

5.96
5.92
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

9.0

9.0
5-Yea

6.0

^

— 'x—
X

✓

\
V

/

}

X

'“v<,

i

_X s /

X^
h

\

_____

7.0

✓

Far ieral
Fund e Rate

6.0

\
“X.

6.0

\x

X^«

*

5.0

5.0

3H donth
Treat ury Bill

/r

✓ /
4

A /
Dii •count f ate

3.0

'"H r
Apr

May

Jun

Jul

5 19

Aug
Sep
Oct
Nov
Dec
Jan
Feb Mar
Apr
1994
1995
Latest data plotted are averages of rates available for the week ending: May 26, 1995

1995
Mar

3

Federal
Funds **
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

5.74
5.76
5.75
5.72
5.69
5.70
5.63
5.61
5.67
5.65
5.64
5.69
5.71

6.07
6.14

7.10
7.18
6.95
7.01
7.01
6.96
6.B9
6.78
6.81
6.70
6.41
6.40
6.34

7.27
7.35
7.11
7.16
7.15
7.12
7.08
7.03
7.03
6.93

May

Jun

Long-Term
Treasury

7.53
7.61
7.40
5.97
7.47
5.98
7.45
6.20
5.99
7.41
5.98
5.90
7.38
21
6.07
5.80
7.36
28
5.99
5.85
7.33
May 5
6.05
5.79
7.21
12
6.00
5.65
6.66
6.96
6.02
19
5.64
6.59
6.89
26 *
5.99
5.61
6.55
6.85
which are computed by this bank. Treasury bill yields are on a discount basis. -term Treasury securities
* Averages of rates available
** Seven—day averages for week ending two days earlier than date shown
10

17
24
31
Apr 7
14


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

6.00

Prepared by Federal Reserve Bank of St. Louis

7

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

Billions of Dollars

M2
1995 Billions
Apr 10 3640.7
17 3635.9
24 3647.1.
May 1 3651.3
8 3649.1
15 3652.4

Billions of Dollars

M2 (left

Non-M1 M2
1995 Billions

Non-M1 M2 (right scale)

Apr 10
17
24
May 1

2490.5
2485.9
2497.5
2501.9
8 2505.4
15 2509.0

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 1 15 29 12 26
Apr

May

Jun

Jul

Aug
1994

Sep

Oct

Nov

Dec

Jan

Feb

Mar
Apr
1995

May

Jun

Latest data plotted week ending: May 15, 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)
Compounded annual rates of change, average of four weeks ending:
I o the average 5/16/94 8/15/94 10/17/94 11/14/94 12/12/94 1/16/95 2/13/95 3/13/95
of four weeks
ending:
10/17/94
11/14/94
12/12/94
1/16/95
2/13/95
3/13/95
4/17/95
5/15/95

0.5
0.0

0.5
0.7
0.7
0.5

—1.3
-0.1
0.4
0.5

0.5
1.2
1.1

2.8
2.2

1.6

0.2

0.6

1.3

0.7

1.0

0.9

1.4

2.1

1.8

1.6

2.0

1.2

1.2

1.8

2.5

2.3

2.3

2.8


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

-0.3
4.7

Prepared by Federal Reserve Bank of St. Louis

>

Savings and Small Time Deposits
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Savings
1995 Billions
Apr 10 1082.9'
17 1084.4
24 1082.5
May 1 1078.6
8 1080.6­
15 1079.8

Small
1995
Apr 10
17
24
May 1

Time
Billions
892.2 —
896.6
900.0
902.8
8 906.3 —
15 909.5

Savings Deposfts(left scale)

Small Time (right scale)

4 IB
Apr

2 16 30 13 27 11 25 8 22 5 19 3 17 31 14 28 12 2
May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Feb

1994

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
1995 Billions
_ Apr 10
May

1

Money Market
1995 Billions

376.3.
379.6

Apr 10 396.0 __
17 395.6
24 396.7
May 1 396.8
8 400.1
15 401.4

383.6
386.1

Money Market

Large Time

4 18 2 It 30 13 27 11 25
Apr

May

Jun

22 5 19 3 17 31 14 28 12 26 9 23 6 20 6 20 3 17 1 15 29 12 26
Aug
1994

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Latest data plotted week ending: May 15, 1995
1/ Large time deposits are those issued in denominations of $100,000 or more.
Money market funds ore general purpose and broker/dealer.
Prepared by Federa| Reserve Bpnk of $t Lpuis


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

9

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars
1.1
I
1995

1.2

1.4

Bj llions

~ Apr 1 9
26
May 3

1.0

Billions of Dollars

10

.107
.153
0 .156
O .139

24

O 149

1.2
1.0

o.s

0.8

0.6

0.6

0.4

0.4
V

0.2
..

8 20
Apr

.

> s,

\ A
Kj

V

*.

U

0.2

-----•

___ i ■ i 1 i ' i » r~T~r ' Li"i '

i ■ i

4 18 1 15 19 1] 27 10 24 7 21 5 19 2 1i 10 14 21 II 25 1 22 1 22 5 11 3 I) Jt H 21
May Jun
Jul
Aug Sep Oct Nov Dec Jan
Feb Mar Apr May Jun

„
.
.
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
3475

,.

All Commercial Banks in the United States
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

2550

—i—i—
Bank Credit
1995 Billions

3425

Apr

3375

3406.8
3414.9
3428.0
3435.7
10 3^149! 8

r /
r'

2450

^/7

It (left

3325

/

jT

'

/

y ✓

2400

f
•

3275

2350

•

Loan s«5cLec ses
199
Billi
Apr 5 2460.9
12 2463.1
19 2472.5

*

3225
-/

3175
3125

2500

/

5
12
19
26

s

/

s* *

L xms a id Leasles (rig ht seal

0

S'*

1

i ■ T~T~1 ■

( 20

Apr

i ■ r■mr' i » i r T 'I

l ■ i ■*

4 18 1 15 29 13 27 10 24 7 II 5 19
May

Jun

Jul

May 3 2488.2
10 2501.0
T~f-|
' 1 ' ' 1 '

1i

-r-T-i •T”l 1 1 T"l 1 1 ■ni

1

' 1 r

2 11 30 H 21 II 25 1 22 8 22

2250

1

5 I! 3 17 31 H 21

Aug Sep
Oct
Nov
Dec
Jan
Feb Mar Apr
May
Jun
1994
1995
Latest Wednesday data plotted : May 10, 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
„
,. „
„
Prepared by Federal Reserve Bank of St. Louis


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

2300

2200

Commercial Paper of Nonfinancial Companies

Billions of Dollars

1995

Billions of Dollars

Not Seasonally Adjusted
Billions

Apr 12
May 3

6 20 4 18 1 15 2) 11 22 10 24 I 21 J 19 2 IS 10 H 21 11 25 8 22 1 22 S 19 2 17 31 U 21
Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar
Apr
1995

May

Jun

Latest data plotted week ending: May 17, 1995

Commercial and Industrial Loans

Billions of Dollars

705
605
055

—1---------- —
All Ban ks
1995 Bj .lien?
— Apr 5 6 75.6
12 6 80.7
19 6 80.9
26 6 85.5
May 3 6 88.0
_
10 6 90.4

370
350
*
(r ight

sc

330

ale)2//

310

__ / '
*

*

""

„/■ -

' 1 » LrT't »l

s 20
Apr

199.5 Billions
Apr 5 333.6
2 336.4
9 337.2
16 339.3 —
May 3 339.0
0 340.5

cale)1 /
Al Bankt t (left s

605 J
585

**

y

.arge B anks

045
025

Billions of Dollars

l ■

1 i ' l v r ■ o ~T~I"I i1 t-t-t-t

4 II I 15 29 13 27 10 24 7 21
May

Jun

■ i ■

T III1 T'T"' 1 —1—•—1—1
t nr*

5 11 2 IS 30 14 21

Jul

11 25 1 22 I 22 5 19 3 17 31 14 21

Aug Sep
Oct
Nov
Dec
Jan
Feb Mar
Apr
May
Jun
1994
1995 r
7
Latest Wednesday data plotted : May 10, 1995
Current data appear in the Federal Reserve Board's H.8 release.
1/ Includes foreign-related institutions
2/ Weekly reporting, domestically chartered banks
_
.. _ J
„
Prepared by Federal Reserve Bank of St. Louis


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

11

200
270
250

Dollar's Trade-Weighted Exchange Index
1973=100

1973=100

Averages of Daily Figures

L225 1973=105
Apr 19
May

6 20 4 18 I 15 29 13 27 10 24 7 21 5 19 2 16 30 14 21 11 25
Apr

May

Jun

Jul

Aug
1994

Sep

Oct

Nov

Dec

Jan

3

22 8 22 5 19 3 17 31 14 21

Feb

Mar
Apr
1995

May

Jun

Latest data plotted week ending: May 24, 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

SB

o

■L