Full text of U.S. Financial Data : May 30, 1996

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' "May 30, 1996

Bit ■■■■■■■■■■
Federal Reserve Bank

BSSrancial Data

HIE
FEDERAL
A KESERXE

JU HANK of

«rsxix)iis

THE WEEK'S HIGHLIGHTS:
✓ Real gross domestic product (GDP) rose at a 2.3 percent annual
rate in the first quarter according to the preliminary estimate.
This is down 0.5 percentage points from last month’s advance
estimate and reflects a considerable downward revision in the rate
of business inventory accumulation, since the other main components
of GDP were all revised upward slightly. Measured from four
quarters earlier, real GDP has increased 1.7percent.

✓ New single-family home sales were at an annual rate of 776,000
in April, 6.7percent above the March sales rate and 27.6 percent
above last year’s pace. New home sales have risen for five of the
past six months.

✓ Paced by a sharp drop in new orders for transportation equipment,
the value of advance new orders for manufactured durable goods
fell 1.7 percent in April — the third decline in the past four months.
Excluding transportation orders, though, durable goods orders
rose 1.7 percent in April. New orders are not adjusted for inflation.

✓ The National Association of Realtors reported that existing
single-family home sales rose 0.5 percent in April to an annual
rate of 4.22 million units. The April sales rate, which was the second
highest on record, was 21.6 percent higher than a year earlier.

All data are seasonally adjusted unless otherwise indicated.
U.S. Financial Data is published weekly by the Research 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 on data, please call (314) 444-8590. 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) electronic
bulletin board at (314) 621-1824 or internet World Wide Web server at http://www.stls.frb.org/ffed.

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Federal Reserve Bank of St. Louis

2
Adjusted Monetary Base
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars
Mar 13
Apr 10
May

8

Billions of Dollars

Billions
471.8
475.0
473.1
473.0
470.5
474.3

5 19 3 17 31 14 28 12 26 9 23 6 20 4 18 1
Aug
Sep
Oct
Apr
Moy
Jun

15 29 13 27 10 24 7 21

6 20 3
Apr

1995

5 29 12 26
May
Jun

1996

The adjusted monetory base is the sum of reserve accounts of finonciol institutions ot Federal Reserve bonks,
currency in circulation (currency held by the public and in the vaults of oil depository institutions) ond on
adjustment for reserve requirement ratio changes. The mojor source of the adjusted monetory bose is Federal
Reserve credit. Oota are computed by this bonk. A detailed description of the adjusted monetory base is
available from this bonk.
Recent doto are preliminary.

Adjusted Monetary Base
Compounded onnuol rotes of change, overage of two maintenance periods ending:
To the overage of
two maintenance
periods ending:

5/24/95

8/16/95 10/25/95 11/22/95 12/20/95

1/17/96

10/25/95

0.5

12/20/95

1.2

1.3

1/17/96

1.3

1.5

1.3

2/28/96

1.0

1.0

0.6

1.9

0.4

3/27/96

1.5

1.7

1.7

3.0

2.2

4/24/96

1.3

1.4

1.3

2.3

1.5

1.3

5/22/96

1.1

1.1

0.8

1.6

0.9

3/27/96

1.4

11/22/95

2/28/96

0.6


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Federal Reserve Bank of St. Louis

0.1
0.7
4.1
2.1

Prepared by Federol Reserve Bank of St. Louis

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

Billions of Dollars

Apr 15

Billions of Dollars

1124.9
1125.1
1113.1
1122.9
1115.8
1118.7

Apr 15
740.4
III5,

May

6

-810

738.2
730.7
732.7

Ml (left scale)

TCD (right scale)

Apr

May

Jun

Aug

Sep

Oct

Nov

Dec

Apr

May

Jun

Ml is the sum of currency held by the nonbonk public, demond deposits, other checkable deposits and travelers
checks. Totol checkable deposits is the sum of demond deposits and other checkable deposits at depository
institutions. Current doto appear in the Federal Reserve Board's H.6 release.

Money Stock (M1)
_
To the average
Of four weeks
ending:

Compounded onnuol rotes of change, average of four weeks ending:
*

5/22/95

8/21/95 10/23/95 11/20/95 12/18/95

1/22/96

10/23/95

-3.2

12/18/95

-3.3

-5.0

1/22/96

-3.4

-4.8

-3.8

-4.0

2/19/96

-3.7

-5.0

-4.4

-4.7

-5.1

3/18/96

-2.4

-2.9

-1.5

-1.0

-0.1

4/22/96

-2.1

-2.5

-1.2

-0.8

-0.1

1.5

5/20/96

-2.7

-3.2

-2.3

-2.1

-1.8

3/18/96

-3.2

11/20/95

2/19/96

-1.1


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

-5.3
-3.6

2.4

Prepored by Federal Reserve Bonk of St. Louis

3

4
Adjusted Reserves
Seasonally Adjusted
Billions of Dollars

Billions of Oollors
Billions
Mor 13
Apr 10
110-

Moy

5

8

19 3

Apr

17 31 14 28 12 26 9 23 6 20 4

Moy

Sep

Jun

18

15 29 13 27 10 24

7 21

6 20

I ■ I ITT

3

17

1

Apr

Oct

1995

15 29 12 26

Moy

1996

Adjusted reserves is the difference between the adjusted monetary base and the currency component of M1.

Adjusted Reserves
Compounded annual rotes of change, overage of two maintenance periods ending:
To the overoge of
two maintenance
periods ending:

5/24/95

8/16/95 10/25/95 11/22/95 12/20/95

1/17/96

2/28/96

10/25/95

-1.4

11/22/95

-5.5

-11.3

12/20/95

-3.9

-7.6

-10.6

1/17/96

-3.5

-6.2

-7.2

2/28/96

-3.0

-4.9

-4.9

1.9

3/27/96

-1.9

-3.2

-2.4

3.6

2.7

3.8

4/24/96

-3.0

-4.6

-4.4

0.0

-1.5

-1.9

-3.3

5/22/96

-4.1

-5.8

-6.0

-2.7

-4.3

-5.2

-7.7

3/27/96


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

3.4
0.0

-15.4

Prepared by Federal Reserve Bonk of St. Louis

Money Multiplier
Averages of Daily Figures
3.0

Seasonally Adjusted

Rotio
Compounded annual rates
of chonge, average of
the four weeks ending
May 20, 1996, from
the four weeks ending:
May 22 . 1 995
-3
Aug 14, 1995
-4
Nov 20. 1995
-3
Dec 18, 1995
-2
Jan 15. 1996
-1
Feb 26. 1996
-0
Mar 25. 1996
-3

2 8

Ratio

1

1996
Mor 11
25
Apr 8
22
May 6
20

1
5
6
6
4
5

Ratio
2.390
2.377
2.382
2.379
2.377
2.356

3.0

■2 8

2.6

2.6
j

2.4

2.4

2.2 3 lV
Apr

15'29' 12 26
May

10 24
Jul

Jun

7 21
Aug

4 '18 ’ 2
Sep

16 3 J1J 27 ’ l'l' 25 8 '22' 5 19 4 18
Dec
Feb
Nov
Mar
Jan

Oct

2.2
15 2 9 1V2V 10 2
Apr
May
Jun

1995
Ratio of Ml to adjusted monetary base.

Currency Component of M1
390-

Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Compounded onnuol rotes
of change, average of
the four weeks ending
May 20, 1996, from
the four weeks ending:
May 22. 1995
2.5
Aug 2 1 . 1 995
3.0
Nnv 90
1QQ5
2 R
Oec 18 . 1995
2 4
2 3
Jan 22 . 1996
3 7
Feb 19 . 1996
3 1
Mar 18 . 1996

380-

370

360

1996
Apr 15
22
29
Moy 6
13
20
3

17 1 15 29 12 26 10 24
Apr
May
Jun
Jul

Current doto appear i

7 21
Aug

18 2 16 30 13 27 11 23 8 22
Sep
Oct
Nov
Dec
Jon

1995
the Federal Reserve Boord's H.6 release.


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

5

Billions
375.1
375.8
376.7
375.9
376.3
377.0

1

______ 1______ 1_______ ____ 360
19 4 18 I 15 29 13 27 10 24
Feb
Mar
Apr
May
Jun
1996

Prepared by Federal Reserve Bank of St. Louis

5

370

6
Yields on Selected Securities
Averages of Daily Figures
Percent

Percent

Prime Rate

Corporate
Aaa Bonds

Commercial
Paper

Municipal Bonds

7 21

5

1996
Mar

B
15
22
29
Apr
5
12
19
26
May 3
10
17
24
31

19 2

16 30

6 20 3

4 28

17

12 26 9 23 8 22 5

30-Doy
Commercial
Poper

90-Doy
CDs

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporcte
Boo Bonds

5.31
5.37
5.44
5.48
5.42
5.42
5.39
5.38
5.40
5.40
5.38
5.36
5.37

5.19
5.31
5.33
5.34
5.34
5.39
5.36
5.34
5.36
5.37
5.36
5.35
5.34

5.11
5.23
5.26
5.26
5.26
5.31
5.28
5.26
5.29
5.30
5.28
5.27
5.29

7.21
7.42
7.41
7.39
7.41
7.60
7.50
7.48
7.65
7.72
7.57
7.53
7.55

7.90
8.10
8.10
8.09
8.12
8.30
8.19
8.16
8.33
8.40
8.25
8.20
8.21

19 3

17 31 14 28
Moy
Jun

Municipal
Bonds ••
5.59
5.81
5.86
5.90
5.86
6.03
5.94
5.91
6.06
6.08
5.96
5.87
NA

Current dolo ore from the Federal Reserve Board's H.15 releose, and are overages of rotes available for the
week ending on Moy 31, 1996 .
•• Bond Buyer’s Average Index of 20 municipal bonds, Thursdoy data
N A - Not Available


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Federal Reserve Bank of St. Louis

Prepored by Federal Reserve Bank of St. Louis

Selected Interest Rates
Averages of Daily Figures
Percent

Percent

-7.0

10-Year
Treasury Securities

Federal
Funds Rate
Discount Rate
3-Month
Treasury Bill
-4.0

5

19 2

1996
Mar

8
15
22
29
Apr 5
12
19
26
Moy 3
10
17
24
31 •

16 30 14 28 11 25 8 22

Federal
Funds •*••
5.57
5.24
5.36
5.22
5.30
5.08
5.24
5.24
5.30
5.22
5.26
5.22
5.19

6 20 3

17

15 29 12 26

9 23

8 22 5

19

3 17 31 14 28
May
Jun

3-Month
Treosury
Bill

1 -Year
Treasury
Bill

5-Yeor
Treosury
Securities

10-Year
Treasury
Securities

Long-Term
Treosury
Securities

4.89
4.97
5.00
5.00
5.01
4.97
4.85
4.96
5.00
5.00
5.01
5.04
5.04

4.89
5.13
5.15
5.13
5.18
5.31
5.21
5.21
5.33
5.35
5.28
5.27
5.36

5.71
6.06
6.08
6.08
6.14
6.42
6.32
6.31
6.46
6.55
6.42
6.41
6.50

6.08
6.37
6.36
6.32
6.35
6.60
6.52
6.53
6.74
6.82
6.68
6.65
6.72

6.46
6.72
6.72
6.70
6.74
6.96
6.88
6.88
7.04
7.11
6.96
6.93
6.98

Except tor long-term Treosury securities, which ore computed by this Bonk, current doto oppear in the Federal
Reserve Boord's H.15 release.
• Averages of rotes available
•• Seven-doy overages for week ending two doys eorlier than dote shown
Prepared by Federal Reserve Bonk of St. Louis


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Federal Reserve Bank of St. Louis

7

8
Money Stock(M2) and Non-M1 Components of M2
Averages of Doily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Billions

Apr 15
May

6

3738.7
3728.1
3706.0
3722.9
3723.0
3721.4

M2 (left scale)

Ml M2 (right scale)

Non-M1 M2
Apr 15
May

6

Billions
2613.8
2603.0
2592.9
2600.0
2607.2
2602.7

-7400
/,UU

■■■■■ I 2350

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 10 24
Feb
Mar
Apr
May
Jun
Aug
Sep
Oct
Apr
Moy
Jun
1995

1996

M2 is the sum of Ml, savings (including money market deposit occounts), small time deposits and retail money
funds. Current data appear in the Federal Reserve Board's H.6 release.

Money Stock (M2)
Compounded onnuol rotes of change, overoge of four weeks ending:
To the average
of four weeks
ending:

5/22/95

8/21/95 10/23/95 11/20/95 12/18/95

1/22/96

10/23/95

5.8

12/18/95

5.7

3.9

3.9

1/22/96

5.9

4.5

5.0

6.1

2/19/96

5.4

4.1

4.2

4.7

4.4

3/18/96

6.2

5.3

5.9

6.7

7.2

7.4

4/22/96

6.0

5.1

5.6

6.2

6.4

6.2

5/20/96

5.1

4.1

4.2

4.4

4.3

3/18/96

6.4

11/20/95

2/19/96

3.5


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Federal Reserve Bank of St. Louis

3.4

Prepared by Federal Reserve Bank of St. Louis

Savings and Small Time Deposits
Averoges of Doily Figures
Seasonally Adjusted

Billions of Dollars
1996

Billions of Dollars

uoo ■ APr

1055

Small Time

Billions
1197.0

Apr

15

Moy

Billions
922.9

6

921.4

May

1 189.2
1 196.0
196.8
197.9

6

920.2
918.6
918.3

975

Small Time (right scale)
935

855

Savings Deposits (left scale)

3

17

1

Apr

15 29 12 26 10 24 7 21 4
Moy

Jun

Aug

18 2 16 30 13 27 II 25 8 22 5
Sep

19 4

18

1

Oct

15 29 13 27 10 24
Apr

May

1995
Savings deposits and small time deposits are at all depository institutions.

Large Time Deposits and Retail Money Funds
Billions of Dollars

Averoges of Daily Figures
Seasonally Adjusted

Billions of Dollars

Large Time

1996

Retail Money

Billions

Apr

15

Moy

6

1996

429.9
431.5

Apr

15

May

6

Billions

436.9
435.9
438.1

493.9
487.9
483.5
484.4
491.7

486.6

Retail Money

Large Time

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 10 24’

1995
1996
Large time deposits ond retail money funds ore at oil despository institutions. Large time deposits are those
issued in denominations of $100,000 or more. Retail money funds were originally called general purpose
and broker/dealer money market funds.


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Federal Reserve Bank of St. Louis

Prepared by Federol Reserve Bank of St. Louis

775

10
Total Borrowings
From Federal Reserve Bonks
Averages of Daily Figures

Billions of Dollars
Apr 24
Moy 1

Billions of Dollars

Billions
0.215
0.085

0.100
0.119
0.139
0.158

Sep

Oct
1996

Borrowings include seosonol, adjustment ond extended credit.

Bank Loans and Credit

All Commercial Banks in the United States'^
Seasonally Adjusted

Billions of Dollars

3illions of Dollars

Bonk Credit
)6
Billions
Apr

10

Moy

1

3643.7
3645.5
3648.6
3660.9
3653.0
3648.7

Bank Credit (left scole)2/

Loans and Leoses (right scale)

Loan s<$c Leases
Billions

7 31 14 28 12 26 9 23 6 20 4 18

1

2668.1
2670.4
2670.8
2676.3
2672.3
2662.0

15 29 13 27 10 24 7 21 6 20 3 17 1 15 29 12 26

1995

Current doto oppeor in the Federal Reserve Board's H.8 release.
1/ Includes foreign-related institutions
2/ Includes loans and leoses and securities


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

10

Moy

5 19 3

Apr

1996

Prepared by Federal Reserve Bank of St. Louis

Not Seasonally Adjusted

Billions of Dollars
Apr 17
Moy

1

Billions of Dollars

Billions
203.140
207.071
209.187
206.866
208.039
202.098

200-

Commercial and Industrial Loans
Seasonally Adjusted

Billions of Dollors

Billions of Dollars

All Bonks
740-

Apr 10
May

680 -

1

Billions
728.2
728.3
728.0
732.8
732.0
736.3

All Bonks (left scale)1/

a

Lorge Banks (right scole)^/

Large Bonks
1996
Apr 10
May

20 3 17
1995

IS 29 12 26

1996

Current data oppeor in the Federal Reserve Board’s H.8 release.
1/ Includes foreign-related institutions
2/ Weekly reporting, domestically chartered banks


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Federal Reserve Bank of St. Louis

1

----

Billions
354.8
355.3
355.8
357.6 ......
356.1
357.9

11

_
Prepared by Federal Reserve Bonk of St. Louis

200

Dollar's Trade - Weighted Exchange Index
1973=100

Averages of Daily Figures

1973=100

110

100

90

80

70

5 19 3 17 31 14 28 12 26 9 23 6 20 4 18 1 15 29 13 27 10 24 7 21 6 20 3 17

15 29 12 26

Current data oppeor in the Federal Reserve Board's H.10 release. Data are weighted overages 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