Full text of U.S. Financial Data : November 16, 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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Federal Reserve Bank
FEDERAL
j iusikm;
J&RXSKoi
8T. LOUIS

tir

THE WEEK'S HIGHLIGHTS:
✓ The consumer price index (CPI-U) rose at a 4 percent annual rate

in October, nearly double the 2.1 percent pace posted over the
previous five months. Excluding food and energy prices, the CPI
advanced at a 3.8 percent rate in October. This core measure of
inflation has risen at a 3.3 percent rate so far this year, up from a
2.8 percent rate of gain over the same period last year.
t/ Industrial production fell at a 3.8 percent rate in October, after

rising at a 2 percent rate in September. Production has risen at a
2.5 percent rate since April, down from a 2.9 percent rate over the
previous six months. The capacity utilization rate fell 0.5 percentage
points in October to 83.6 percent, the eighth decline in the past nine
months.
✓ Total sales at the nation’s retailers fell at a 2.7 percent rate in

October, the first decline since July. After rising at a 4.6 percent
pace over the first half of this year, retail sales have since risen at
a 0.6 percent rate. Sales are not adjusted for inflation.
USFD will not be published next week because of the
Thanksgiving holiday.

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 ot Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Billions

Aug 30
Sep 13
Oct 11

Nov

7 21
Sep

8

468.1
469.1
469.2
469.4
468.2

5 19 2 16 30 14 28 11 25 8 22
Oct

Nov

Dec

Jan

Feb

22 5
Mar

IS 3
Apr

17 31
May

1994

28 12 26 9 23 6 20 4
Jun

Jul

Aug

Sep

18
Oct

1

1$ 29
Nov

1995

Latest data plotted reserve maintenance period ending: November 8, 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:
4/12/95
5/10/95
6/7/95
7/5/95
8/2/95
9/13/95
10/11/95
11/8/95

Compounded annual rates of change, average of two maintenance periods ending:
11/9/94 2/1/95
4/12/95 5/10/95
6/7/95
7/5/95
8/2/95
9/13/95

6.0
6.4
6.3
4.7
4.3
4.1
3.9
3.5


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Federal Reserve Bank of St. Louis

6.2
6.1
3.6
3.2
3.2
3.0
2.6

7.2
2.4
2.0
2.3
2.1
1.8

-0.7
-0.1
0.9
1.0
0.7

-2.9
-0.4
-0.1
-0.2

2.2
1.9
1.4

2.2
1.4

0.3

Prepared by Federal Reserve Bank of St. Louis

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

Billions of Dollars

1995
Oct

Billions of Dollars

M1
Billions

2
9
16
23
30
Nov 6

TCD
1995

1132.2
1128.4
1130.8 .
1129.3
1129.1
1129.6

Oct

Nov

M1 (left scale)

2

6

Billions
753.5
750.0
749.8
748.9
750.3

(right scale)

23 6 20 6 20 3
Sep

Oct
Nov
1994

Dec

Jan

Feb

Mar

17 1
Apr

15 29 12 26 10 24 7 21 4
May

Jun
1995

Jul

Aug

18 2 16 30 13 27
Sep

Oct

Nov

Latest data plotted week ending: November 6, 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 and other checkable deposits at depository institutions.

Money Stock (Ml)
To the average
of four weeks
ending:
4/3/95
5/8/95
6/5/95
7/3/95
8/7/95
9/4/95
10/9/95
11/6/95

Compounded annual rates of change, average of four weeks ending:
11/7/94
2/6/95
4/3/95
5/8/95
6/5/95
7/3/95
8/7/95
9/4/95

0.2
0.1
-0.7
-0.4
-0.3
-0.4
-1.1
-1.5


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

-0.5
-1.8
-1.2
-0.9
-0.9
-1.9
-2.3

-2.7
-1.4
-1.0
-1.0
-2.2
-2.7

-2.2
-1.3
-1.3
-2.6
-3.2

0.8
0.2
-1.9
-2.7

-0.4
-2.9
-3.6

-4.5
-5.0

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves
Seasonally Adjusted

Billions of Dollars

Billions of Do||ars

114
1995

Billions

Aug 30
— Sep 13

99.2
100.6
99.6

Oct 11
Nov

8

97.3

106

102

94

90

7 21 5
Sep

19 2 16 30 14 28 tl 25 8 22
Oct
Nov
1994

Feb

Dec

22 5 19 3
Mar

Apr

17 31 14 28 12 26 9 23 6 20 4 18 1
May

Jul

Aug

Sep

15 29

Oct

1995

Latest data plotted two weeks ending: November 8. 1995
Adjusted reserves is the difference between adjusted monetary base and currency component of M1.

Adjusted Reserves
To the average of
two maintenance
periods ending:
4/12/95
5/10/95
6/7/95
7/5/95
8/2/95
9/13/95
10/11/95
11/8/95

Compounded annual rates of change, average of two maintenance periods ending:
4/12/95 5/10/95
11/9/94
2/1/95
6/7/95
7/5/95
8/2/95
9/13/95

-3.9
-2.9
-2.0
-3.9
-2.7
-2.3
-2.5
-3.7


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Federal Reserve Bank of St. Louis

-5.0
-3.1
-5.7
-3.7
-3.0
-3.2
-4.7

3.3
-3.8
-1.0
-0.7
-1.4
-3.6

-6.9
-2.1
-1.4
-2.1
-4.5

-5.1
-2.9
-3.4
-6.0

3.2
0.8
-3.5

-2.1
-6.5

-11.1

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier1/
Averages ot Daily Mgures
Seasonally Adjusted
Compounded annual
rates of change,
average of the four
weeks ending
November 6, 1995 from
the four weeks ending:

Ratio
Aug 28
Oct

3

17 31 14 28 12 26

9

Nov

Nov 7, 1994 -5.0
Jan 30. 1995 -4.9
May 8, 1995 -4.5
Jun 5. 1995 -2.7
Jul 3. 1995 -5.1
Jul 31, 1995 -6.4
Sep 11, 1995 -8.2

5 19

2.445

6

2.435
2.433
2.409
2.408
2.412

Sep 1 1

9 23 6 20 6 20 3 17

Sep

Oct
Nov
Dec
Jan
Feb
Mar
Apr
1994
Latest data plotted two weeks ending: November 6. 1 995

15 29 12 26 10 24 7 21 4 18
May

16 30 13 27

Jun

Currency Component of M12/
nvciuyca ui L*utiy riyuics

Billions of Dollars

Billions of Dollars

Seasonally Adjusted

Compounded annual
rates of change,
average of the four
weeks ending
November 6. 1995 from
the four weeks ending:
Nov
Feb
May
Jun
Jul
Aug
Sep

7.
6,
8,
5.
3.
7,
4,

1994
1995
1995
1995
1995
1995
1995

5.6
4.5
2.2
1.5
2.7
3.5
3.3

Billions
Oct

Nov

17 31 14 28 12 26 9 23 6 20 6 20 3 17
Feb

Mar

Apr

15 29 12 26 10 24 7 21
May

1994

Jun

Jul

Aug

2

370.1

6

369.7
370.3
370.7
371.4
370.5

18 2
Sep

16 30 13 27
Oct

Nov

Latest data plotted week ending: November 6, 1995
1/ Ratio of Ml to adjusted monetary base
2/ Current data appear in the Federal Reserve Board's H.6 release.


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

5

6

Yields on Selected Securities
Percent

Percent

Averages of Daily Figures

Prime Bank
Loan Rate'

Corporate
Aaa Bonds

-.

2 IS 30
Sep
Oct
Nov
1994

Dec

Municipal Bonds

20 3 17 3 17 3! 14 28
Jan
Feb Mar
Apr May

Jun
1995

Jul

Aug

Sep

Oct

Nov

Latest data plotted are averages of rates available for the week ending: November 17, 1995

1995

30-Day
Commercial
Paper

90-Day
CDs

90-Day
Bankers'
Acceptances

Aug 25
Sep
1
8
15
22
29
Oct
6
13
20
27
Nov
3
10
17 *

5.84
5.84
5.82
5.81
5.80
5.85
5.84
5.82
S.80
5.81
5.80
5.81
5.81

5.77
5.75
5.75
5.71
5.70
5.78
5.79
5.79
5.78
5.79
5.77
5.74
5.75

5.69
5.67
5.66
5.64
5.62
5.70
5.70
5.70
5.71
5.73
5.67
5.64
5.65

Corporate
Aaa Bonds
7.58
7.41
7.33
7.29
7.31
7.33
7.20
7.14
7.08
7.10
7.05
7.04
7.02

Corporate
Baa Bonds

Municipal
Bonds **

8.20
8.04
7.95
7.91
7.93
7.95
7.82
7.76
7.70
7.73
7.70
7.71
7.69

6.08
5.98
5.90
5.83
5.91
6.00
5.88
5.82
5.72
5.76
5.70
5.68
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


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

Selected Interest Rates

Percent

Percent

9.0

9.0

1.0
— a >» «•*

✓

V

s
t

✓

\

io­ -Year
T ta sury SecurTO »s

tA

Fee eral
Fund »Rate

s

>

S

✓)

. /

6.0

\
6.0

** r v,
r~
f 3- lonth"

/

"s

Treai ury Bill

** *■* N

/r
-A—*

5.0

/

Dietsount R ate

A'
7T*

3.0

i-T-i i i
Sep

Oct
Nov
'994-

Dec

Jan

Feb

Mar

Apr

May

Jun
1995

Jul

Aug

Sep

Oct

Nov

Latest data plotted are averages of rates available for the week ending: November 17, 1995

1995

Federal
Funds **

Aug 25
Sep
1
8
15
22
29
Oct
6
13
20
27
Nov
3
10
17 *
r- r

-----------rrr

5.70
5.71
5.77
5.73
5.78
5.80
6.00
5.72
5.71
5.76
5.76
5.71
5.74
i

3-Month
Treasury
Bill

1 -Year
Treasury
Bill

5—Year
Treasury
Securities

10-Year
Treasury
Securities

Long-Term
Treasury

5.41
5.31
5.33
5.31
5.22
5.26
5.30
5.30
5.27
5.24
5.31
5.38
5.40

5.48
5.34
5.32
5.29
5.26
5.37
5.30
5.29
5.28
5.27
5.19
5.16
5.16

6.28
6.08
5.99
5.96
5.9B
6.08
5.92
5.88
5.83
5.84
5.75
5.73
5.73

6.52
6.31
6.20
6.15
6.17
6.26
6.10
6.05
5.99
6.04
5.98
5.97
5.98

6.71
6.55
6.53
6.38
6.56
6.62
6.47
6.39
6.31
6.34
6.28
6.27
6.28

... '''“''“'owhk uuuiuo n. ivj icicusc exuiuumu ioni

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


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Federal Reserve Bank of St. Louis

Prepared by 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

1995
Oct

Nov

Billions of Dollars

Billions

2 3759.3
3753.3
3757.9.
3755.4
3758.3
6 3759.1

M2 (left scale)
*

Non-M1 M2 (right scale)

Non-M1 M2
1995 Billions
Oct

2
9
16
23
30
Nov 6

5 19
Sep

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

6 20 6 20 3 17
Feb Mar
Apr

1

2627.1
2624.9
2627.1
2626.1
2629.2
2629.5

15 29 12 26 10 24 7 21 4 18 2 16 30 13 27
May
Jun Jul
Aug
Sep
Oct
Nov

1994

1995

Latest data plotted week ending: November 6, 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)
To the average

Compounded annual rates of change, average of four weeks ending:
5/8/95
6/5/95
7/3/95
11/7/94
2/6/95
4/3/95
8/7/95
9/4/95

ending:
4/3/95
5/8/95
6/5/95
7/3/95
8/7/95
9/4/95
10/9/95
11/6/95

1.9
2.2
2.9
4.0
4.3
4.7
4.5
4.1


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Federal Reserve Bank of St. Louis

2.2
3.4
5.0
5.3
5.7
5.3
4.8

5.4
7.4
7.1
7.4
6.6
5.7

9.8
8.5
8.5
7.2
6.1

8.9
8.8
7.1
5.8

7.3
5.8
4.4

5.4
3.7

1.6

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

Small Time

Billions

Oct

2
9
16
23
30
Nov 6

1995

1110.2*
1115.3
1112.0
1110.9
1110.81114.6

Billions

Oct

2
9
16
23
30
Nov 6

930.4
930.4
931.4
932.5
933.6 —
933.9

Small Tima (right scale)

Savings Deposits (left scale)

5 H

3

17 31 14 28 12 28 ! 23 f II S 21 3

17

I

Sep

Oct
Nov
Dec
Jan
Feb
Mar
Apr
1994
Note: Savings deposits ore at all depository institutions.

15 I! 1] 2( 10 24 7 21 4
May

Jun
1995

Jul

Aug

II
Sec

2 15 31 13 27

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
_ Oct

Money Market

1995

Billions

2

Sep

Oct

416.2
415.8
419.1

5 19 3

409.0

2
9
16
23
30

Nov

6

17 31 14 2B 12 26 9 23 6 20 S 20 3 17 1
Oct
Nov
1994

Dec

Feb

Mar

Apr

15 29 12 26
May

Jun

24 7 21 4
Jul

Aug

Billions

464.0 - 535
464.8
466.2
467.2
467.6
469.2

18 2 16 30 13 27
Sep

Oct

Latest data plotted week ending: November 6. 1995
1/ Large time deposits are those issued in denominations of $100,000 or more.
Money market funds are general purpose and broker/dealer.
Pr(!par(!d by Federa| R6serve Ban|< of s, ^


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
I
"I
1.2
1995

Billions of Dollars

1.2

B1 lions

I.D _ Oct 11

O
0
0
0
O

18
25
Nov 1
8

239
214
154
086

j
0.6

0.6

/k

K,

0.2

• l r i ' i 1

7 21 5
Sep

*

Ki

0.2

1 i '

' i 1 i

r 1 i

Nov

Dec

Jan

IS 2 IS 30 14 20 11 25 8 22

Oct

8 22 5

Feb

Mar

19

3 17 31 14 28 12 26 9 23

Apr May

Jun

1994

Jul

Aug

6 20 4 18 1
Sep

15 29

Oct

Nov

1995

.

Borrowings include seasonal, adjustment and extended credit; extended credit was $19 million in the week ending
January 25. 1995, and was zero in the other weeks shown.

b

Bank Loans and Credit

,,

All Commercial Banks in the United States
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

2680

3600 ---------1
Bank Cr edit
1995 Si lions

2(20

3640 ” Sep 27 3S 60.9
Oct

4
11
18
25
Nov 1

3S
3£
3£
3£
3:

47.4
51.6
50.0
61.3
59.4

Ba rik

Creidit

2/

(left scale’

>
/"

2560

d
4

3420
✓

—

2500

/

2440

-

33(0
r

3300

Loan i and Leases

*

right s cale)
Loar s&Lec3ses
Bill ons
199 5

—r*

Sep 27 2580.4
Oct 4 2569.2
11 2576.6
18 2577.2__
25 2580.4
Nov 1 2589.5
L.I.mI

„ s

3240

3190

✓

V

7 11
Sep

» t ■ r

l ' 1

i ■ i

1 1 1 1 i ■ rr

5 19 2 If 30 14 If II IS 9 12 1 21

S 19 3

Oct

Apr

Nov

Dec

1994

Jan

Feb

Mar

„

« T'T- 1 i <

Latest Wednesday data plotted : November 1, 1995
Current data appear in the Federal Reserve Board's H.8 release.
1 / Includes foreign—related institutions
2/ Includes loons and leases and securities


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

Jun

2320

2260

■ i ■ i"~ —1—>—1—' l * T*

17 31 14 2f 12 26 9 23 f 20 4 II

May

2360

Jul

Aug

Sep

Oct

I

IS 19
Nov

1995

Prepared by Federal Reserve Bank of St. Louis

Commercial Paper of Nonfinancial Companies
Billions of Dollars

Billions of Dollars

Not Seasonally Adjusted
Billions

1 21
Sep

5

19 2 16 30 14 28 11 25 8 22 8 22 5 19 3 17 31 14 28 12 28 9 23 6 20 4 18
Oct
Nov
1994

Dec

Jan

Feb

Mar

Apr

May

Jun
1995

Jul

Aug

Sep

Oct

Latest data plotted week ending: November 8, 1995

Commercial and Industrial Loans

Billions of Dollars

Billions of Dollars

Seasonally Adjusted

All Banks
1995

- Sep 27
Oct 4
11
18
25
_ Nov 1

Billions

701.5

All Banka (left scale)

703.9

Large Banka (right scale)

Large Banks__ 7in
1 qqc,
1995

7 21

5

19 2

16 30 14 28 11 25

8 22

8 22 5 19 3 17 31 14 28 12 26 9 23

Sep

Oct
Nov
Dec
Jan
Feb
Mar Apr
May
1994
Latest Wednesday data plotted : November 1, 1995
Current data appear 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

11

Jun
1995

Jul

Auq

Q;ni___
Billions

Sep 27
Oct 4

347.1
345.8

6 20
SeD

Prepared by Federal Reserve Bank of St. Louis

Dollar's Trade-Weighted Exchange Index
1973-100

1973-100

Averages of Daily Figures

1225 1973=100
Oct 11
Nov

1

7 21 5 19 2 16 30 M 28 11 25 8 22 8 22 5 19 3 17 31 H 28 12 26 9 23 6 20
Sep

Oct
Nov
1994

Dec

Feb

Mar

Apr

Jul

May

Aug

Sep

1995

Latest data plotted week ending: November 15, 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.


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Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis