Full text of U.S. Financial Data : May 6, 1993

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

Feder

leaerve Bank MAY

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THE WEEK'S HIGHLIGHTS:
The composite index of leading indicators fell 1 percent in March
after rising 0.5 percent in February and declining 0.1 percent in
January. Nine of the 11 indicators that comprise the index con­
tributed to the March decrease.
t/ The composite index of coincident indicators rose 0.1 percent in

March after a 0.2 percent jump in February and no change in
January.
Real disposable personal income increased at a 6.5 percent annual
rate in March after decreasing at a 2.1 percent fate in February.
March'income was up 2 percent from a year earlier.
s/ Sales of new one-family houses in March 1993 were at an annual
rate of637,000 units, up from the revised February rate of608,000
units. March sales were up 15.4 percent from those in March
1992.
\/ New construction spending during March 1993 was estimated
at an annual rate of $442.7 billion, down from the revised
February 1993 estimate of $446.4 billion, but up 5 percent from a
year earlier.
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) $21
Two years (100 issues) $36
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.
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
ot Daily figures
Seasonally Adjusted

Averages

Billions of Dollars

1993

Billions

Feb 17
Mar 3

397.6
395.0
390.9
393.1
395.9

Apr 1 4

4

Billions of Dollars

18 1 IS 2! 13 27
Mar
Apr May

10 21 8 22 5 10 2 II 30 14 28 11 25 9 23 8 20 3 17 3 17 31 14 28 12 21
Jun Jul
Aug
Sep
Oct Nov
Dec
Jon
Feb Mar
Apr
May
1992
1993
Latest data plotted reserve maintenance period ending: April 28, 1993
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
adjustrnent 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:
9/30/92
10/28/92
11/25/92
12/23/92
2/3/93
3/3/93
3/31/93
4/28/93

Compounded annual rates of change, average of two maintenance periods ending:
4/29/92

11.1
11.6
11.7
10.5
10.6
11.8
9.5
10.1


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Federal Reserve Bank of St. Louis

7/22/92

15.9
15.1
12.6
12.3
13.8
10.4
11.1

9/30/92 10/28/92 11/25/92 12/23/92

13.5
9.5
10.0
12.6
8.2
9.4

7.2
8.8
12.2
7.1
8.7

7.2
12.1
5.9
8.0

2/3/93

3/3/93

16.4
7.0
9.4

Prepared by Federal Reserve Bank of St. Louis

Money Stock (M1) and Total Checkable Deposits
Averages ol Daily Hgures
Seasonally Adjusted

Billions of Dollars

1993
Mar 22
29
Apr 5
12
19
26

Billions o1 Dollars

Billione
1036.9
1036.3
1041.6
1043.6
1038.1
1040.0

TCD (right scale)

TCD
M1 (left scale)

1993

Billions

Mar 22

729.2

Apr

732.9
734.6
729.6
729.!

5
12
26

2

IS
Mar

30 13 27 11 25 8 22 6 20 3 17 31 14 21 12 26
Apr

May

Jun

Jul

Aug

Sep

Oct

9 23 7 21 4
Nov

Dec

18
Jan

1 15 1
Feb

1992

15 2! 12 2$ 10 24
Mar

Apr

May

1993

Latest data plotted week ending: April 26, 1993
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:

10 tne average 4/27/92

7/27/92

9/28/92 10/26/92 11/23/92 12/28/92 1/25/93

3/1/93

of four weeks
ending:
9/28/92
10/26/92
11/23/92
12/28/92
1/25/93
3/1/93
3/29/93
4/26/93

12.7
13.9
14.6
13.9
13.2
11.7
10.9
10.7


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

18.3
18.6
16.4
15.0
12.6
11.3
11.0

20.0
15.8
13.8
10.7
9.3
9.2

13.7
11.7
8.6
7.4
7.5

8.5
5.8
4.9
5.5

3.8
3.2
4.4

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves
Billions of Dollars

Seasonally Adjusted

Billions of Dollars

I06
1993

Billions

102

- Feb 17 101.5
Mar 3
Apr 1 4

94

90

86

82

r II

Mar

1

IS 29 13 27 II 21 « 2! 5 19 2 It 30 H 28 II 25 9 23 t 20 3 17 3 17 31 It 28 1! H

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

1992

Mar

Apr

May

1993

Latest data plotted two weeks ending: April 28, 1993
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:
3/3/93
4/29/92 7/22/92 9/30/92 10/28/92 11/25/92 12/23/92 2/3/93

periods ending:
9/30/92
10/28/92
11/25/92
12/23/92
2/3/93
3/3/93
3/31/93
4/28/93

9.8
14.0
15.8
11.1
11.5
16.9
7.1
10.0


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Federal Reserve Bank of St. Louis

24.9
25.6
16.1
15.6
22.8
8.7
12.3

34.3
13.6
13.6
24.5
4.9
10.2

2.1
7.0
21.2
-0.5
6.1

-0.5
19.2
-6.0
2.5

39.0
-2.0
7.9

-12.3
5.1

-21.3

Prepared by Federal Reserve Bank of St. Louis

78

Money Multiplier 1/
Averages of Daily Figures
Seasonally Adjusted

Ratio

3.0

Compounded annual
rates of change,
average of the four
weeks ending
April 26, 1993 from
the four weeks ending:
Apr 27, 1992 0.6
Jul 20, 1992 0.4
Oct 26, 1992 -0.5
Nov 23, 1992 -2.0
Dec 21. 1992 -3.4
Feb 1, 1993 -4.5
Mar 1, 1993 5.4

Feb 15
Apr 12

2.592
2.638

2.634

2.1

1 IS 30 13 27 11 25 8 22 6 20 3 17 31 14 21 12 2S
Mar
Apr May Jun Jul
Aug
Sep
Oct
1992

i 23
Nov

7 21
Dec

15 29 12 21 10 24
Mar
Apr May

2.1

1993

Latest data plotted two weeks ending: April 26, 1993

Currency Component of M12/
Billions of Dollars

310

290

Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

310

I
I
Compounded annu al
rates of change,
average of the fou
weeks ending
April 26, 1993 frorr
the four weeks enc nq:
Apr 27. 1992 1C .1
Jul 27, 1992 1C .6
Oct 26, 1992
.5
Nov 23, 1992
.8
Dec 28, 1992
.6
Jan 25. 1993
.7

300

290

1322

Apr

29
5
12
19
26

Bill ons
9.6 — 280
30 0.6
30 0.7
30 0.9
30 1.0
30 2.1

220

1 18 30 13 !7 11 23 1 22 6 20 3 17 31 It 2! 12 26 9 23 7 21 t 19 t 13 1 IS 29 12 28 10 24
Mar
Apr May Jun
Jul
Aug
Sep Oct
Nov Dec
Jan
Feb Mar
Apr May
1992
1993
Latest data plotted week ending: April 26, 1993
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

270

6
Yields on Selected Securities

Percent

Percent

Averages of Daily Figures

10.0

10.0

9.0

Corpo ■ate
Aaa B >nds
- N

--0.0

* — **

7.0

V
7.0

■“Munic

«• — •*

•
V

_ / V \ *>. ■

*

■" 1

r/

\

’rime E ank
joan Ra to

f.O
*

\

4

5.0

5.0

4.0

4.0

\

___ ,
0.0

3.0

c< mmere al
Paper
2.0

9 20
Mar

3 17 I 15 !) 12 26 10 24 7 21

4 18 2 16 30 13 27 II 25 6 22 S 19 S I) 2 16 30 14 28

Apr

Sep

May

Jun

Jul Aug
1992

Oct

Nov

Dec

Jan

Feb

Mar
Apr
1993

May

Latest data plotted are averages of rates available for the week ending: May 7, 1993

1993

CDs

30-Day
Commercial
Paper

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **

Feb 12
19
26
Mar 5
12
19
26
Apr 2
9
16
23
30
May 7 *

3.12
3.11
3.10
3.11
3.12
3.11
3.11
3.12
3.11
3.09
3.08
3.08
3.06

3.14
3.16
3.11
3.13
3.15
3.16
3.14
3.19
3.16
3.14
3.10
3.10
3.08

3.06
3.05
3.05
3.06
3.08
3.08
3.07
3.09
3.07
3.04
3.04
3.04
3.02

7.75
7.69
7.61
7.56
7.54
7.61
7.59
7.64
7.61
7.45
7.34
7.40
7.39

8.49
8.37
8.22
8.12
8.11
8.16
8.15
8.23
8.25
8.07
8.05
8.15
8.14

5.97
5.85
5.60
5.47
5.58
5.71
5.78
5.86
5.84
5.70
5.67
5.75
NA

90-Day

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

2.0

Selected Interest Rates

Percent

Percent

Averages of Doily Figures

5-Year
Securities

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

25 8 22 5 19
Dec
Jan
Feb

1992

Mar

Apr

May

1993

Latest data plotted are averages of rates available for the week ending: May 7, 1993

1993
Feb 12
19
26
Mar 5
12
19
26
Apr 2
9
16
23
30
May 7 *

Federal
Funds **
2.92
3.06
2.91
3.24
3.02
3.04
2.93
3.18
3.11
2.93
2.91
2.87
2.98

3—Month
Treasury
Bill

6—Month
Treasury
Bill ***

1 —Year
Treasury
Bill

5—Year
Treasury
Securities

Long-Term
Treasury
Securities

2.93
2.92
2.95
2.95
2.98
2.97
2.92
2.91
2.91
2.85
2.81
2.91
2.88

3.09
3.08
3.06
3.05
3.09
3.12
3.05
3.04
3.04
3.00
2.96
2.95
2.98

3.32
3.22
3.17
3.17
3.26
3.22
3.16
3.17
3.16
3.09
3.05
3.12
3.12

5.56
5.39
5.21
5.09
5.24
5.23
5.20
5.25
5.21
5.08
5.06
5.14
5.06

6.93
6.86
6.66
6.55
6.56
6.66
6.63
6.74
6.72
6.52
6.49
6.62
6.56

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


http://fraser.stlouisfed.org
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

3550

—!

Billions of Dollars

2725

|

M2
1993

Billions

Mar 22 3471.7
29 3475.1

3300

2625

M2 ( eft sc< le)

—'v

12 34 77.7
19 34 68.4
26 34 69.9

2525

3450

*»*
No i-M1 i 2 (righ scale

3400

»

_

2425
No n-M1 M2
199 3 Bill ons

3350

Mar 22
29
Apr 5
12
19
26
l

2434.8 2438.8
2435.3
2434.1
2429.8
2429.9
I

2325

2225

3300
Mar

Apr

May

Jun

Jul
Aug
1992

Sep

Oct

Nov

Dec

Jan

Feb

Mar
1993

Apr

May

Latest data plotted week ending: April 26, 1993
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 4/27/92 7/27/92 9/28/92 10/26/92 11/23/92 12/28/92 1/25/93 3/1/93
ending:
9/28/92
10/26/92
11/23/92
12/28/92
1/25/93
3/1/93
3/29/93
4/26/93

1.0
1.4
1.7
1.5
0.9
0.4
0.3
0.2


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

3.1
3.2
2.5
1.5
0.6
0.5
0.4

3.5
2.2
0.8
-0.3
-0.4
-0.3

1.5
-0.2
-1.2
-1.1
-0.9

-1.6
-2.4
-2.0
-1.7

-3.8
-2.9
-2.2

-2.4
-1.7

-0.4

Prepared by Federal Reserve Bank of St. Louis

Savings and Money Market Funds
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars
12(0
I--------- 1--------Savings
1993 Billions

1220

1180

Mar 22
29
Apr 5
12
19
26

Billions of Dollars

420

1178.4
1179.8
117 9.2
11 £ 0.1
117 9.2
11E 3.4

380

!k_.

3(0
^—-

/

1 x.

, “ "X ^

x* *■
4oney larket right s cale)

.

&

mo

✓

22
29
5
12
19
26
......

l

1100

Saving • Depo tit* (le t scale

Apr

w I'M
—'—i—•—r 1 r» r *1*1 "P 1
m
i "■ i »
2 16 JO 13 27 11 25 0 22 6 20 3 17 31 M 26 12 26 9 23 7 21 4 IS 1

Mar

Apr

May Jun

Jul

Aug

.

Sep

Oct

Nov

Dec

Jan

15

Feb

1992

1

330

ney M □rket
3 Bill! ons
33 3.5
331.6
330.1
330.9
330.9
333.1

15 20 I! 26 10 24

Mar

Apr

300

270

May

1993

Note: Savings deposits are at all depository institutions. Money market funds are general purpose
and broker/dealer.

Large and Small Time Deposits1/
All Depository Institutions
Averages of Daily Figures, Seasonally Adjusted

Billions of Dollars

425

395

V

/
N x. _
X.

305

La 'ge
1992
—
- Mar 22
29
Apr 5
12
19
26

16 3
Mar

Tinne
Bill ons
33
33 8.4
34 ■0.8
34 1.3
34 3.9
34 6.3

14175

1

Small
1993
Mar 22
29
Apr 5
2
9
26

/

/ ________

V

365

335

Billions of Dollars

1

Time
Billions
849.9
847.8
845.8
84 5.2 —
84 3.1
84 1.3

945

.arg* 7lm« (l eft seal 0
***

880

s maHnme (right sea e)

^

X
—

13 27 11 25 J 22 6 26 3 17 3 14 21 12 26 ! 23
May
Jul
Aug
Sep
Jun
Oct
Nov

Apr

7 ' 21 ’
Dec

4 16
Jan

1992

15
Feb

'~rt 1 r
1
15 2$ 12 2E 10 24
Mar
1993

Apr

May

Latest data plotted week ending: April 26, 1993
1/ Large time deposits are those issued in denominations of $100,000 or more.


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

1010

Prepared by Federal Reserve Bank of St. Louis

9

815

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

1993

Billions

fl fj -Mar 31
Apr 7
14
21
28
A J — May 5

4

Billions of Dollars

0.152
0.038
0.038
0.079
0.118
0.083

18 1 15 29 13 27 10 24 8 22 5 19 2 16 30 14 28 11 25 9 23 6 20 3 17 3 17 31 14 28 12 26
Mar
Apr May
Jun
Jul
Aug
Sep Oct
Nov Dec Jan
Feb Mar
Apr May
1992
1993

Adjustment + Seasonal Borrowings
from federal Keserve banks
Averages of Daily Figures

Billions of Dollars

1993
() S -Mar 31
y'J
Apr 7
14
21
28
Q 4 —May 5

Billions of Dollars

Billions
0.152
0.038
0.038
0.079
0.117
0.082 .

4 18 1 15 29 13 27 10 24 8 22 5 19 2 16 30 14 28 11 25 9 23 6 20 3 17 3 17 31 14 28 12 26
Mar
Apr May
Jun
Jul
Aug
Sep Oct
Nov Dec Jan
Feb Mar
Apr May
1992
1993
Latest data plotted week ending: May 5, 1993


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

Prepared by Federal Reserve Bank of St. Louis

Commercial Paper of NonfinanciaJ Companies

Billions of Dollars

Apr

4

18

Billions of Dollars

Not Seasonally Adjusted

7

1

15 2! 13 27 10 24 8 22 5 IS 2

Mar

Apr

May

Jun

Jul

Aug

IS 30 IS 28 11 25 9 23 S 20 3 17 3 17 31 14 28 12 28
Sep

Oct

Nov

Dec

Jan

Mar

Apr

May

Latest data plotted week ending: April 28, 1993

Commercial and Industrial Loans'7
WMkly ReP°rti"9 Largo Commercial Banks V
Seasonally Adjusted

Billions of Dollars

325
315
305
255

Billions of Dollars

I
I
I
Compounded annual
rates of change,
average of the four
weeks ending
April 21, 1993 from
the four weeks ending:
Apr 22. 1992 -5.3
Jul 22. 1992 -4.4
Oct 21. 1992 -6.4
Nov 18, 1992 -7.8
Dec 23. 1992 -9.0
Jan 20, 1993 -7.4
Feb 24. 1993-11.1

325

T
1993

Billions

_Mar 17
24
31
Apr 7
14
21

275.71 5_
274.034
274.725
271.548
270.279
271.412

315
305
235

285

285

275

275

265

f 1

) 11
Mar

1

............. ‘‘I'll

r'T

‘‘l ■ l"r

11 I ' H-t-i-tVi 1 I

IS 2! 13 27 1! 21 J 22 5 « 2 It JO 11 21

Apr

May

Jun

Jul

Aug

Sep

Oct

1992

I ' I

I ■ I i

vr .

. | r-f-r i i I1. | i

265

II 25 9 2J t 20 J 17 3 17 31 11 2! 12 20
Nov

Dec

Jan

Feb

Mar

Apr

May

1993

Latest data plotted week ending: April 21, 1993
1/ Commercial and industrial loans include banker's acceptances and commercial paper.
2/Banks with domestic assets greater than $1.4 billion
_
.. _ , , „
„ , „^ , .
Prepared by Federal Reserve Bank of St. Louis


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

11

Dollar's Trade-Weighted Exchange Index

1973=100

1973=100

Averages of Daily Figures

1993 1973=100
Mar 31

Apr 7
May

4 II 1 15 2! 13 27 Id 24 8 22 5 19 2 II 30 14 21
Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

25 9 23 6 20
Nov

Dec

Jan

5

17 3 17 31 14 21 12 26
Feb

Mar

Apr

May

Latest data plotted week ending: May 5, 1993
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

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