Full text of U.S. Financial Data : May 4, 1995

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

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odera! f
pf St,

Louip
THE

U.S. Financial Data

FEDERAL
A RESERVE
^ HANK of
ST. LOUIS

THE WEEK'S HIGHLIGHTS:
%/ Paced, by a 0.7 percent decline in new orders for nondurable goods,
total new factory orders decreased 0.1 percent in March. Measured
from four quarters earlier, new orders were up 10.3 percent in the
first quarter of1995. Factory orders are not adjusted for inflation.
The composite index of leading indicators decreased 0.5 percent in
March, after falling 0.2 percent in February. The index has declined
for three of the past six months.
(/ The value of total new construction put in place in March was at
an annual rate of $525.1 billion, down 0.4 percentfrom February
and the third consecutive monthly decline. Compared with a year
earlier, total construction was up 5.9 percent. Construction spending
is not adjusted for inflation.
New single-family home sales in March were at an annual rate of
577,000 units, up 3 percent from February but 20.1 percent below
a year earlier.
*/ According to the advance estimate, real gross domestic product
increased at a 2.8 percent annual rate in the first quarter of 1995,
after rising 5.1 percent in the fourth quarter of 1994.

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
(314) 444-8808 or (314) 444-8809. Sorry, no refunds.
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 ot Daily Figures
Seasonally Adjusted

Billions of Dollars

1995

Billions

Feb 15
Mar 1

461.8
462.4
462.9
463.8
464.4
466.8

Apr 12

Billions of Dollars

2 IS 30 13 27 11 25 8 22 6 20 3 17 31 H 28 12 26 9 23 7 21 4 II 1 15 1 15 29 12 21 10 24
Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

1994

Mar

Apr

May

1995

Latest data plotted reserve maintenance period ending: April 26, 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
_

Compounded annual rates of change, average of two maintenance periods ending:
10 the average or 4/27/94 7/20/94 9/28/94 10/26/94 11/23/94 12/21/94 2/1/95
3/1/95
two maintenance
periods ending:
9/28/94
10/26/94
11/23/94
12/21/94
2/1/95
3/1/95
3/29/95
4/26/95

B.7
6.5
6.3
5.9
6.4
6.4
6.2
6.2


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

6.0
5.7
5.2
6.0
6.2
5.9
5.9

5.3
4.5
5.9
6.2
5.8
5.9

3.9
6.0
6.3
5.8
5.9

6.5
6.7
6.0
6.1

8.3
6.9
6.8

Prepared by Federal Reserve Bank of St. Louis

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

Billions of Dollars

1190

^
1995

1170

1150

Billions of Dollars

045

M1 ^
Billions

Mar 20 11 50.3
Apr

3
10
17
24

11 44.7
11 50.0
11 49.9
11 48.9

825
Ml ’left sc lie)

4 r-ft
w

✓ **

805

\
\— ■
>

1130

V\ /

TCD (ri ght see le)

785

\

V

'/s

,~N

1110

785
TCD
199 5

1090

1070

r

Mar 10
27
Apr 3
10
17
24
I

Billions
77 3.6
777.0
771.6
776.7
775.6
773.3
I

7 21 4 II 2 18 11 11 27 II 25 8 2! 5 1! 1 17 11 II 21 12 21 9 23 6 20 ( 20 1 17 1 15 2)
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov Dec
Jan
Feb Mar
Apr
May
1994
1995
Latest data plotted week ending: April 24, 1995
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.
Total checkable deposits is the sum of demand deposits and other checkable deposits at depository institutions.

Money Stock (Ml)
of four weeks
ending:
9/26/94
10/24/94
11/21/94
12/26/94
1/23/95
2/27/95
3/27/95
4/24/95

Compounded annual rates of change, average of four weeks ending:
4/25/94 7/25/94 9/26/94 10/24/94 11/21/94 12/26/94 1/23/95 2/27/95

1.6
1.0
0.5
0.7
0.7
0.4
0.5
0.4


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

-0.9
-1.2
-0.6
-0.4
-0.6
-0.3
-0.3

-2.5
-1.0
-0.6
-0.8
-0.4
-0.4

-0.3
0.0
-0.4
0.0
-0.1

1.1
0.2
0.5
0.4

-0.6
0.2
0.0

-0.1
-0.2

0.7

Prepared by Federal Reserve Bank of St. Louis

3

745

725

4
Adjusted Reseives
Billions of Dollars

Seasonally Adjusted

Billions of Dollars

114
1995

||0 - Mar 1

Billions
110

103.6

Apr 12 100.3
26 100.8
100

102

98

94

2 If 31 13 27 II 25 ! 22 ( 20 3 17 31 14 28 12 2S ! 23 7 21 4 18 1 15 I 15 21 12 2f 10 24
Mar Apr May Jun
Jul
Aug
Sep
Oct
Nov Dec Jan
Feb Mar
Apr May
19941995
Latest data plotted two weeks ending: April 26. 1995
Adjusted reserves is the difference between adjusted monetary base and currency component of M1.

Adjusted Reserves
To the average of

Compounded annual rates of change, average of two maintenance periods ending:
4/27/94

7/20/94

9/28/94 10/26/94 11/23/94 12/21/94

2/1/95

-10.8
-10.8
-5.2
-0.7
-4.6
-5.0

-3.2
-4.6

3/1/95

periods ending:

-13.1
-5.0
0.6
-4.3

-0.5
5.6
-1.7
1

G
O

CS


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

-1.4
-4.7
-5.8
-3.2
-0.3
-3.2
-3.6

1

-1.1
-1.9
-3.8
-4.7
-3.0
-0.9
-3.0
-3.4

ao

9/28/94
10/26/94
11/23/94
12/21/94
2/1/95
3/1/95
3/29/95
4/26/95

13.0
1.1
-0.9

-15.8

Prepared by Federal Reserve Bank of St. Louis

90

Money Multiplier/
Av«rag« of Dolly Figures

Ratio
3

2.9 .

2.2

Ratio

Compounied annual

1

rates of change,
average of the four
weeks ending
April 24, 1995 from
the four weeks ending:
Apr 25, 1994 -5.5
Jul 18, 1994 -5.7
Oct 24, 1994 -5.7
Nov 21, 1994 -5.3
Dec 19, 1994 -6.4
Jan 30, 1995 -5.9
4.4

3.1

1

1995

Ratio

Feb 13
27

2.488
2.479

27
0
24

2A 81
2A 71
2A 63

Apr

2.9

2.7

2.9

2.9

2.3
Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

'Ml' r-TT'i 1 1 1 I1! 1 1 r-|-i I 1 I 1 i ■

1 l 1

Nov

May

Dec

Jan

Feb

1994
Latest data plotted two weeks ending: April 24, 1995

Mar

Apr

2.3

1995

Currency Component of M12/
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

375

3E5

355

Billions of Dollars

375

i--------- 1----------r
Compounded annual
rates of change,
average of the four
weeks ending
April 24, 1995 from
the four weeks ending:
Apr 25. 1994 9.2
Jul 25, 1994 8.9
Oct 24, 1994 9.3
Nov 21. 1994 8.8
De c 26. 1994 9.6
Ja n 23. 1995 9.5
Fe b 27, 1995 1 2.0

365

355

335

345

335

325

' 1 ' I ■ 1 ' 1 l-l i M1 1 i l

Mar

Apr

May

Jun

Jul
1994

199 5

Bill!ons

Mar >0
17
Apr 3
O
7
.4

36 3.3
36 4.1
36 4.0
36 4.3
36 5.3
36 6.7

J

i ■ 1 »

■ 1 ' K i ■ I

22 5 19 3 17 31 14 28 12 26 9 23 6 20 6 20 3 17 1 15 29
Aug
Sep
Oct
Nov Dec
Jan
Feb Mar
Apr
May
1995

Latest data plotted week ending: April 24, 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

335

325

6
Yields on Selected Securities

Percent

Percent

__Averages of Doily Figures

Municipal Bonds

4

18 1 15 2! 13 27 10 24 8 22 5 IS 2 16 30 14 28
25 9 23 6 20 3 17
Mar
Apr May
Jun
Jul
Aug
Sep
Oct
Nov Dec
Jan

1994
Latest data plotted are averages of rates available for the week ending: May 5, 1995

17 31 14 20
Mar
Apr
1995

1995

30—Day
Commercial
Paper

90—Day
CDs

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **

Feb 10
17
24
Mar 3
10
17
24
31
Apr 7
14
21
28
May 5 *

6.03
6.07
6.03
6.05
6.08
6.07
6.05
6.08
6.08
6.08
6.05
6.05
6.08

6.16
6.17
6.11
6.13
6.20
6.14
6.12
6.15
6.15
6.12
6.10
6.09
6.08

6.05
6.05
6.00
6.03
6.08
6.03
6.02
6.05
6.03
6.00
5.99
5.99
5.98

8.28
8.26
8.23
8.17
8.22
8.04
8.10
8.08
8.05
8.04
8.02
8.00
8.00

8.87
8.85
8.82
8.76
8.81
8.62
8.69
8.65
8.62
8.62
8.60
8.57
8.55

6.18
6.18
6.11
6.08
6.18
6.06
6.09
6.07
6.03
6.01
5.96
6.06
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

Selected Interest Rates

Percent

Percent
o.o

r

6.0

—Jf

\ /
v

+•

.

/

✓

S
*

✓

/

»

5- Ysar
rea story Sscurtt M
✓-

-------- r ------

9.0

'n _

r
Fed era!
Fund > Rate) Vn
h

At*
3-Mon ih
Ti •asury Bill
✓V

6.0
_*•

N

✓/
* /

5.0

.
Am . _ * vy

✓
Dli count I tats

3.0

* 'I I 15 20 13 27 10 24 0 22 5 I) 2 It 30 14 20 II 25 ) 23 t 20 3 17 3 17 31 14 21 12 2i
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov Dec Jan
Feb Mar
Apr
May
1994
1995
Latest data plotted ore averages of rates available for the week ending: May 5, 1995

1995
Feb 10
17
24
Mar 3
10
17
24
31
Apr 7
14
21
28
May 5 *

Federal
Funds **
5.95
5.93
5.94
5.88
5.93
5.94
5.97
6.06
6.20
5.98
6.07
5.99
6.05

3—Month
Treasury
Bill
5.79
5.75
5.72
5.74
5.76
5.75
5.72
5.69
5.70
5.63
5.61
5.67
5.69

1 —Year
Treasury
Bill
6.37
6.29
6.15
6.07
6.14
6.00
5.97
5.98
5.99
5.90
5.80
5.85
5.87

5-Year
Treasury
Securities
7.47
7.40
7.23
7.10
7.18
6.95
7.01
7.01
6.96
6.89
6.78
6.81
6.82

10-Year
Treasury
Securities
7.56
7.48
7.36
7.27
7.35
7.11
7.16
7.15
7.12
7.08
7.03
7.03
7.03

Long-Term
Treasury
7.72
7.67
7.61
7.53
7.61
7.40
7.47
7.45
7.41
7.38
7.36
7.33
7.31

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


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

Prepared by Federal Reserve Bank of St. Louis

7

2.0

8
Money Stock (M2) and Non-Mi Components of M2
Averages of Daily Figures

Billions of Dollars

Billions of Dollars

M2
1995

Billions

Mar 20
27
_ Apr 3
10
17
24

3639.0
3641.8
3634.6.
3641.9
3637.0
3647.4

M2 (left

Non-M1 M2
1995 Bjjjjons

Non-M1 M2 (right scale)

Mar 20
27
Apr 3
10
17
24

7 21 4
Mar

11 2 IS 30 13 27 11 25 8 22 5 19 3 17 31 14 28 12 26
Apr

May

Jun

Jul
Aug
1994

Sep

Oct

Nov

Dec

23 6 20
Jan

Feb

6 20 3
Mar
1995

2488.2 2491.8
2489.9
2491.9
2487.1
2498.5

17 1
Apr

2445

15 29
May

Latest data plotted week ending: April 24, 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:
To the average 4/25/94 7/25/94 9/26/94 10/24/94 11/21/94 12/26/94 1/23/95 2/27/95
ending:
9/26/94
10/24/94
11/21/94
12/26/94
1/23/95
2/27/95
3/27/95
4/24/95

0.5
0.3
0.1
0.4
0.7
0.6
0.8
1.0


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

-0.5
-0.7
0.0
0.6
0.4
0.7
0.9

-1.2
0.3
1.0
0.7
1.0
1.3

0.8
1.6
1.0
1.4
1.6

3.0
1.8
2.0
2.2

1.3
1.8
2.1

1.1
1.7

3.0

Prepared by Federal Reserve Bank of St. Louis

Savings and Small Time Deposits
Averages or uaiiy ngures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Savings
1995
Mar 20
27
Apr 3
10
17
24

Small Time

Billions
1095.7'
1092.9
1084.4
1083.3
1084.8­
1082.9

1995

Billions

Mar 20
27
Apr 3
10
17
24

879.0
882.3
887.3
891.8
896.1 —
899.3

'Savings Dspostts(left scale)

Small Time (right scale)

7 21
Mar

4 II 2 1C 30 13 27
Apr
May
Jun

11 25
Jul

8 22 5 19
Aug Sep

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

.
.
1994
Note: Savings deposits are at all depository institutions.

Feb

Mar

Apr

May

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

Billions of Dollars

445
420

—1--------- —
Large T me
1995 a llions
_ Mar 20 3 78.7
27 3 78.5
Apr 3 3 74.6
10 3 77.3
17 3 80.7
24 3 83.8

Billions of Dollars

\ lif

470

Apr

doney

«
5

395

\--------ney Market
5 Billions

470

20
27
3
0
7
24

445

390.4 __
393.4
394.8
396.5
396.1
397.2

H 420
395

, «■* **•

*

'

-"s

370

•

t

• * *“ v

*

—

370

*

345
320

345

7 21
Mar

4 1! 2 tf 30 13 J7 11 2S 8 2! 5 It 3 17 31 14 11 12 If

) 23

Apr

Jan

May

Jun

Jul

Aug

Sep

Oct

1994

Nov

Dec

6 20 6 20 3 17 1 15 29
Feb Mar
Apr
May
1995

Latest data plotted week ending: April 24. 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 Fed(!ra| R(,serve Bank of


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

9

^

320

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

Billions of Dollars

Billions
Mar 29
Apr 5

May 3

0.086
0.082
0.070
0.107
0.153
0.156

2

16 30 13 27 11 25 8 22 6 20 3 17 31 14 28 12 26 9 23 7 21 4 18 1 15 1 15 29 12 26 10 24
Mar
Apr May Jun Jul
Aug
Sep Oct
Nov Dec Jan
Feb
Mar
Apr May
1994
A
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
„
Billions of Dollars

3475
3425
3375

,,

All Commercial Banks in the United States '
Seasonally Adjusted

,_ „
Billions of Dollars

2550

--------- 1--------Bank Cre»dit
1995 eiu ions
Mar 15 33 86.0
22 33 86.9
29 33 94.3
Apr 5 34 07.5

2500
2450

s//

19 34 26.7
Credri (left

3325

/

f /
t~~

2400

/■

3275

2350

■ .

Loar s<3cLe 3ses
199 5 BiMl ons
Mar 1 5 2442.3
22 2448.3
29 2453.4

_/'

3225

(s
✓“
'

3I75
3125

/

LcKins an d Leases (rig it seal 0

12 2461.2
19 2470.1

/**
■I'l TTTT ■ l t t -T-T-t n-r-T ■»

rf-H L~i' f-r-T TT-r-rH"T'|

1 ' 1 '

! It 30 13 11 II 25 0 22 6 20 3 17 31 14 28 12 26 9 23 7 21 4 18
Mar
Apr May Jun
Jul Aug
Sep Oct
Nov Dec Jan
1994
Latest Wednesday data plotted i April 19, 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

I

15 1 15 29 12 26 10 24
Feb Mar
Apr May
1995

Prepared by Federal Reserve Bank of St. Louis

2300
2250
2200

Commercial Paper of Nonfinancial Companies

Billions of Dollars

1995

Billions of Dollars

Not Saasonolly Adjusted
Billions

Mar 22 175.024
171.194
Apr 5 172.035
171.737
187.536

2 18 30
Mar

13 27 It 25 0 22 6 20 3 17 31 H 28 12 28 9 23 7 21 4 II 1 15 1 15 23 12 28 10 24
Apr May Jun
Jul Aug
Sep Oct
Nov Dec
Jan
Feb Mar
Apr May
1994
1995

Latest data plotted week ending: April 26, 1995

Commercial and Industrial Loans

Billions of Dollars

Billions of Dollars

Seasonally Adjusted

All Banks
1995 Billions
Mar 15 675.4
22 675.7 29 675.5
Apr 5 677.4
12 682.3
19 682.0

Large Banks (right scale)-

Large Banks
1995

All Banks (left scale)

2 18 30 13 27 11 25 0 22 6 20 3 17 31 14 28 12 26 9 23 7 21 4 II 1
Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

1994
Latest Wednesday data plotted : April 19, 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

Billions

Mar 15
22
29
Apr 5
12
19

Dec

Jan

15 1
Feb

331.7
331.5
331.3'333.6
336.2
337.0

15 29 12 21 10 24
Mar

Apr

May

1995

Prepared by Federal Reserve Bank of St. Louis

270

Dollar’s Trade-Weighted Exchange Index
1973-100

1973-100

Averages of Daily Figures

2 I6 30 I3 27 tl 25 I 22 8 20 3 I7 31 14 28 12 28 9 23 7 21 4 II
Mar Apr May Jun Jul
Aug Sep Oct
Nov Dec Jan
1994

Apr

5

May

3

1 15 1 15 28 12 28 10 24
Feb Mar
Apr May
1995

Latest data plotted week ending: May 3. 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

n

§

IS
IS
M {35

p3

so

S’* <N