Full text of U.S. Financial Data : November 12, 1993

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

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THE WEEK'S HIGHLIGHTS:
✓ Consumer prices rose at a 5.1 percent annual rate in October,
following no change in September. So far this year, consumer
prices have risen at a 2.8 percent rate, compared with a 3 percent
increase in 1992.
✓ Producer prices for finished goods fell at an annual rate of 2.9
percent in October, following a 1.9 percent increase in September.
Producer prices have risen 0.2 percent since October 1992.
s/ The civilian unemployment rate was 6.8 percent in October, up
slightly from September’s rate of 6.7 percent. October’s rate is
nearly one percentage point below its mid-1992 high of 7.7per­
cent. This reflects a 1.5 percent rate of employment expansion and
a 0.8 percent labor force growth rate.
%/ Consumer installment credit outstanding expanded at an annual
rate of 11 percent during September, following an 8.3 percent
rate of increase in August. Since September 1992, consumer
installment credit outstanding has increased 4.9 percent.

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
Averages of Uaity Mgures
Seasonally Adjusted

Billions of Dollars

1993

Billions of Dollars

Billions

Sep

1
15
29
Oct 13
27
Nov 10

413.4
414.7­
418.1
420.2
423.6
419.8

2 16 30 14 28 11 25 9 23 6 20 3 17 3 17 31 14 28 12 26
Sep
Oct Nov Dec Jan
Feb Mar
Apr May
1992

9 23 7 21 4 II 1 IS 2) 13 27
Jun Jul
Aug Sep
Oct

10 24
Nov

1993

Latest data plotted reserve maintenance period ending: November 10, 1993
The adjusted monetary base is the sum of reserve accounts of financial institutipns 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 sourcg 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:
To the average of 11/I1/92 2/3/93 4/14/93 5/12/93 6/9/93
7/7/93
8/4/93
9/15/93
two maintenance
periods ending:
4/14/93
5/12/93
6/9/93
7/7/93
8/4/93
9/15/93
10/13/93
11/10/93

7.6
8.5
9.9
9.2
9.9
9.8
10.4
10.2


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Federal Reserve Bank of St. Louis

9.0
11.2
9.9
10.8
10.5
11.2
10.9

16.7
12.3
13.2
12.1
12.9
12.2

11.4
13.0
11.7
12.6
11.9

9.9
9.5
11.2
10.6

11.8
13.3
12.1

12.2
11.0

12.5

Prepared by Federal Reserve Bank of St Louis

Money Stock (Ml) and Total Checkable Deposits
Billions of Dollars

Averages of Daily Figure.
Seasonally Adjusted

mu

1
mo

IJD

M1

Bi lions
11 10.5
11 12.6
11 11.7
11 16.5
11 14.5
11 18.7

no
790

; /V

/

1993
~ Sep 27
Oct 4
11
18
_
25
No 1

___ S __

1085

BiUians

—

1060
M1 (lef scale

^J

1005

770

~r^

r

*

■

750

i

1010
✓

TCD (right scale)

90S
✓

960
935

✓

730

v/

«** *"

*

TCD
199 3

r

Billions

£____

1
8
25
Nov 1

21 5 19 2 IS 30 14 28 11 25 « i! 8 22
Sep Oct
Nov Dec Jan
Fab Mar
1992

5 19 3 17 11 H 28 12 2S 9 23
Apr May Jun
Jul
Aug
1993

787.3 _
791.5
788.4
791.3
I

29 4 18
Sep Oct

i

1

15 2
Nov

Latest data plotted week ending: November 1. 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.
r
Total checkable deposits is the sum of demand deposits and other checkable deposits at depository institutions.

Money Slock (Ml)
Compounded annual rates of change, average of four weeks ending:

To the average 11/2/92
of four weeks
ending:
3/29/93
5/3/93
5/31/93
6/28/93
8/2/93
8/30/93
10/4/93
11/1/93

710

Sep 27 784.5
Oct 4 786.6

6.8
7.5
10.6
10.1
10.6
10.5
11.0
10.7


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

2/1/93

4.4
10.6
9.8
10.5
10.4
11.1
10.7

3/29/93

19.9
15.7
15.1
14.1
14.3
13.4

5/3/93

19.2
17.0
15.2
15.3
14.0

5/31/93

10.5
10.2
11.6
10.8

6/28/93

S/2/93

8/30/93

11.8
13.1
11.8

Prepared by Federa Reserve Bank of St Louie

610
670

4
Adjusted Reserves
Billions of Dollars

Seasonally Adjusted

Billions of Dollars

110
1993

Billions

Aug 18 102.0
- Sep 1
29 100.6
Oct 13 102.7
27 105.9

102

98

94

90

86

2 If 30 14 21 11 25 ! 23 0 20 3 17 3 17 31 14 21 12 26 9 23 7 21 4 II 1 15 2) 13 27 10 24
Sep Oct
Nov Dec Jan
Feb Mar Apr May Jun
Jul
Aug
Sep Oct Nov
1992

1993

Latest data plotted two weeks ending: October 27, 1993
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 10/28/92 1/20/93 3/31/93 4/28/93 5/26/93 6/23/93 7/21/93
9/1/93
periods ending:
3/31/93
4/28/93
5/26/93
6/23/93
7/21/93
9/1/93
9/29/93
10/27/93

-0.5
6.3
9.5
8.8
10.3
10.0
8.3
12.2


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Federal Reserve Bank of St. Louis

8.6
13.5
11.7
13.4
12.4
9.8
14.8

42.5
28.3
27.1
21.6
16.4
22.4

17.4
19.4
15.5
10.7
18.3

13.3
11.0
6.3
15.9

14.0
7.0
18.7

1.0
17.4

24.8

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier 1/
Averages of Daily Figures
Seasonn ly Adjusted
Compounded annual
rates of change,
average of the four
weeks ending
October 25, 1993 from
the four weeks ending:
Oct 26, 1992 0.3
Feb 1, 1993 -0.8
Apr 26, 1993 1.0
Jun 7, 1993 -1.0
Jul 5, 1993 -1.2
Aug 2, 1993 -1.5
Aug 30. 1993 -2.2

Ratio
Aug 16

2.643

Sep 13

2.659
2.659
2.647

Oct 11

7 21 5 IS 2 IS 31 11 21 11 25 8 22 8 22 5 11 3 17 31 14 28 12 28 1 23
Sep Oct
Nov Dec Jan
Feb Mar Apr May Jun
Jul
Aug
1992

1993

Sep

Oct

Nov

Latest data plotted two weeks ending: October 25, 1993

Currency Component of M12/
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

330

320

3I0

Billions of Dollars

330

I
I
I
Compounded annual
rates of change,
average of the four
weeks ending
November 1, 1993 from
the four weeks ending:
Nov 2. 1992 10.3
Feb 1, 1993 10.6
May 3. 1993 11.1
Ju n 28, 1993
Au 9 2. 1993
Au g 30. 1993

320

310

0.5
1.0
0.0

300
199 2
Sep 27
Oct 4
11
18
25
Nov 1

290

280

Bill!ons

7 21
Sep

5 11 2 It 30 14 2!
Oct Nov Dec
1992

II 25 ! 22
Jan Feb

J 2! 5 1! 3 12 31 14 21
Mar Apr May Jun

1993

Latest data plotted week ending: November 1, 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

12 II ! 23 8 20 4 II
Jul
Aug Sep Oct

31
31
31
31
31
31

8.2
B.2
6.7 —
7.2
8.2
9.5

1 IS 2)
Nov

_

290

280

Prepared by Federal Reserve Bank of St. Louis

5

6

Yields on Selected Securities

Percent

Percent

Averages of Daily Figures

9.0

J- -

Corporote
Aaa Bonde

-'n
*

✓\

%

9.0

■—

N. _

\ s' A ’ % ✓ 4

—.

i.O

0.0

'

/

\V

\\

F rime B< nk
L©an Rtf •

J

\

>\

7.0
\

r

2

N

ripal Be nds

4.0

u

—

J

J.O
Comn terckil
P< per

2.0

1 11 ! If It 13 27 II 25 J 12 5 19 5 19 2 IS 30 14 28 II 25 9 23 i 29
Sep

Oct Nov
1992

Dec

Jan

Feb

Mar

Apr

May

Jun
Jul
1993

Aug

3 17 1
Sep

15 2! 12 26
Oct

Nov

Latest data plotted are averages of rates available for the week ending: November 12, 1993

1993

90-Day
CDs

30—Day
Commercial
Paper

90-Day
Bankers'
Acceptances

Aug 20
27
Sep 3
10
17
24
Oct 1
8
15
22
29
Nov 5
12 *

3.13
3.14
3.13
3.11
3.12
3.11
3.16
3.23
3.22
3.23
3.29
3.36
3.36

3.15
3.11
3.14
3.12
3.14
3.15
3.17
3.15
3.14
3.13
3.14
3.15
3.15

3.09
3.08
3.08
3.06
3.08
3.08
3.10
3.18
3.17
3.18
3.24
3.31
3.30

Corporate
Aaa Bonds
6.79
6.71
6.61
6.51
6.66
6.79
6.69
6.70
6.62
6.63
6.73
6.87
6.92

Corporate
Baa Bonds

Municipal
Bonds *♦

7.53
7.43
7.34
7.26
7.33
7.43
7.35
7.35
7.25
7.26
7.38
7.57
7.64

5.40
5.35
5.35
5.24
5.27
5.30
5.30
5.30
5.20
5.20
5.31
5.45
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

2.0

Percent

Averages of Daily Figures

Funds

Discount Rats

18 30 13 27 11 25 8 22 5 19 5 1! 2 18 50 H 28 II 25 9 23 6 20 3 17 1 15 29
Feb Mar Apr May Jun
Jul
Aug Sep Oct
Latest data plotted are averages of rates available for the week ending: November 12, 1993

1993
Aug 20
27
Sep 3
10
17
24
Oct 1
8
15
22
29
Nov 5
12 *

Federal
Funds **

3—Month
Treasury
Bill

6—Month
Treasury
Bill **«

3.06
2.98
3.08
2.99
3.03
3.12
3.05
3.24
2.91
2.97
2.97
3.04
2.96

1 -Year
Treasury
Bill

5—Year
Treasury
Securities

Long-Term
Treasury
Securities

3.00
3.12
3.26
5.02
6.15
3.00
3.12
3.24
6.03
4.87
2.99
3.11
3.21
4.76
5.92
2.96
3.03
3.18
4.66
5.80
2.96
3.06
3.24
4.73
5.89
2.93
3.06
3.26
4.80
5.99
2.92
3.02
3.21
4.72
5.89
2.97
3.08
3.21
4.69
5.88
3.02
3.12
3.22
4.62
5.77
3.04
3.14
3.27
4.69
5.82
3.06
3.19
3.32
4.82
5.95
3.08
3.25
3.40
5.03
6.13
3.10
3.28
3.39
5.05
6.18
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

Billions of Dollars

M2
1993

Billions

Sep 27 3533.8
Oct 4 3537.3
11 3536.3.
18 3535.2
25 3530.2
Nov 1 3529.1

(left scale)

Non-M1 M2
1992

Billions

Sep 27 2423.3
Oct 4 2424.7
11 2424.6
18 2418.7
25 2415.7
Nov 1 2410.4

7 21
Sep

S 19 2 IS 30 14 21 11 25 8 22 8 22 5 19 3 17 31 14 21 12 26 9 23
Oct
Nov
Dec Jan Feb Mar Apr May Jun
Jul
Aug
1992
1993

S 20 4 18
Sep Oct

1 15 29
Nov

Latest data plotted week ending: November 1, 1993
Current data appear in the Federal Reserve Board's H.6 release.
M2 is the 9um of Ml, 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 11/2/92
of four weeks
ending:
3/29/93
5/3/93
5/31/93
6/28/93
8/2/93
8/30/93
10/4/93
11/1/93

-1.4
-1.0
0.7
1.0
1.0
1.0
1.3
1.1


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

2/1/93

-1.2
1.9
2.2
1.9
1.8
2.1
1.8

3/29/93

5.8
5.1
3.9
3.3
3.5
2.9

5/3/93 " 5/31/93

7.8
5.1
4.1
4.1
3.3

2.0
1.6
2.4
1.8

6/28/93

8/2/93

8/30/93

0.8
2.1
1.4

2.8
1.6

1.9

Prepared by Federal Reserve Bank of St. Louis

Savings and Money Market Funds
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Savings
1993

Billions

Sep 27 1 208.4
_0ct 4 1208.7
11 1210.3
18 1209.5
25 1207.5
Nov 1 1210.1

Money Market (right scale)
Money Market

1993

Savings Deposits (left scale)

Billions

Sep 27
Oct 4
11
18
25
Nov 1

7 21
Sep

S 1) 2 IS 30 14 28 11 25 I 22
Oct Nov Dec Jan Feb
1992

8 22 5 It 3 17 31 14 28 12 26 § 23
Mar Apr May Jun
Jul
Aug
1993

334.1
333.2 “
333.6
332.0
332.8
333.3

6 20 4 18 1 15 2S
Sep Oct Nov

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

Large and Small Time Deposits1'
Billioi

Averages of Daily Figures, seasonally Adjusted

Large Time (left scale i

Large
1993
-Sep 27
Oct 4
11
18
25
Nov 1

Time
Billions
333.1
333.8
336.2
335.1
333.5
333.3

Billions of Dollars
Small
1993
Sep 27
Oct 4
11
18
25
Nov 1

Time
Billions
801.1
799.9
797.7
796.0 —
794.1
792.5

Small Time (right scale)

7 21 5 IS 2 II 30 14 28 11 25 I 22 8 22 5 10 3 17 31 14 28 12 21 9 23 8 20 4 18 I 15 29
Sep Oct Nov Dec Jan
Feb Mar Apr May Jun
Jul
Aug Sep Oct Nov
1992
1993
Latest data plotted week ending: November 1, 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

Prepared by Federal Reserve Bank of St. Louis

9

10
Total Borrowings
Billions of Dollars

From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

1993

Billions

Oct

6
13
20
27
■Nov 3

0.612
0.228
0.221
0.188
0.142 ----

10

0.121

2 16 36 14 21 11 25 9 23 6 20 3 17 3 17 31 14 21 12 26 9 23 7 21 4 18 1 15 29 13 27 10 24
Sep Oct Nov Dec Jan
Feb Mar Apr May Jun
Jul
Aug Sep Oct
Nov
1992

1993

Adjustment + Seasonal Borrowings
Billions of Dollars

hrom hederai Reserve Banks
Averages of Daily Figures

Billions of Dollars

1993
Oct

6
13

20

27
■Nov 3
10

2 16 30 14 21 11 25 9 23 6 20 3 17 3 17 31 14 28 12 26
Sep
Oct Nov Dec Jan
Feb Mar Apr May
1992

Billions
0.612
0.228
0.221

0.188
0.142 —
0.121

9 23 7 21 4 18 I 15 29 13 27 10 24
Jun
Jul
Aug Sep Oct Nov
1993

Latest data plotted week ending: November 10, 1993


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

Prepared by Federal Reserve Bank of St. Louis

r

Commercial Paper of Nonfinanciai Companies

Billions of Dollars

1993

Billions of Dollars

Not Seosonolly Adjusted
Billions

Sep 29 156.516
161.124

2 li 31 14 21 11 25 ! 23 \ 21 3 17 3 17 31 14 28 12 26 9 23 7 21 4 18 1 15 28 13 27 19 24
Sep Oct Nov Dec Jan
Feb Mar Apr May Jun
Jul
Aug
Sep Oct Nov
Latest data plotted week ending: November 3, 1993

Commercial and Industrial Loans17
.. „
Blip, ot Dollar.

I

Compounded annu ol
rates of change,
average of the four
weeks ending
October 27. 1993f
the four weeks end
Oct 28. 1992 —3
Jan 27, 1993 -2
Apr 28, 1 993
.0
May 26, 1 993 -0 .1
Jun 30, 1 993 -2 .6
Jul 28, 1 993 -1 . 1
1 993 -C

I
1993

Oct

hi

295

i

305

Billions of Dollars

I

1

315

Weekly Reporting Large Commercial Banks2/
' PSeasonal* Adjusted

325

Billions

273.643__
273.454
272.389
1. 272.165
2 272.867
2' 272.928
2

315
305
295

285

285

275

275

265

2 li 30 10 21 II 25 9 23
Sep Oct Nov Dec
1992

i 21 3 17 3 17 31 14 28 12 26
Jan
Feb Mar Apr May

9 23 7 21 4 11 1 15 29 13 27 10 24
Jun Jul Aug Sep
Oct
Nov
1993

Latest data plotted week ending: October 27, 1993
1/ Commercial and industrial loans include banker's acceptances and commercial paper.
2/ Banks with domestic assets greater than $1.4 billion
5
Prepared by Federal Reserve Bank of St. Louis


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

11

265

Dollar’s Trade-Weighted Exchange Index
1973=100

Averages of Daily Figures

1993 1973=100

Nov 3

2 16 30 14 2! 11 25 9 23 6 20 3 17 3 17 31 14 28 12 26 9 23 7 21 4 18 1 15 29 13 27 10 24
Sep

Oct
Nov
1992

Dec

Jan

Feb

Mar

Apr

May

Jun
1993

Jul

Aug

Sep

Oct

Nov

Latest data plotted week ending: November 10, 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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70
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