Full text of U.S. Financial Data : November 18, 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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Federal Reserve Bank

Difinkial Data

KHU.KM
KI SI KM
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ST.MM IS

THE WEEK'S HIGHLIGHTS:
✓ Industrial production rose at a 9 percent annual rate in October,
following a 5.5 percent increase in September. Industrial produc­
tion was up 4.4 percent from a year earlier. October’s figures
reflected a rebound in production of motor vehicles and parts.
✓ Privately owned housing starts in October reached an annual rate
of 1,396,000 units, up from the revised September rate of
1,359,000 units. During the first 10 months of this year, 1,087,300
housing units were started, an increase of 4.9 percent from the
1,036,600 units started in the same 1992 period.
✓ Retail sales for October advanced 1.5 percent, after rising 0.1
percent in September. Sales were up 6.2 percent from October
1992, with durable goods up 10.6 percent and nondurable goods
up 3.6 percent.
✓ Total business inventories rose 0.3 percent in September while
sales increased 0.8 percent. Inventories were up 2.9 percent from
September 1992, and sales were up 5.9 percent.

Views expressed do not necessarily reflect official positions of the Federal Reserve System.
US. 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:
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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.

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Federal Reserve Bank of St. Louis

2
Adjusted Monetary Base
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

1993

Billions

Oct 13
27
Nov 10

420.2
423.6
420.4

Billions of Dollars

Latest dato plotted reserve maintenance period ending: November 10, 1993
The adjusted monetary base is the 9um 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
T .. „
, Compounded annual rates of change, average of two maintenance periods ending:
To the average of 11/11/92 2/3/93 4/u/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
10.3


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Federal Reserve Bank of St. Louis

9.0
11.2
9.9
10.8
10.5
11.2
11.0

16.7
12.3
13.2
12.1
12.9
12.3

11.4
13.0
11.7
12.6
12.1

9.9
9.5
11.2
10.8

11.8
13.3
12.4

12.2
11.3

13.1

Prepared by Federal Reserve Bank of St Louis

Money Stock (Ml) and Total Checkable Deposits
Averages or Daily Mgures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

M1
1993 Billions
“ Oct 4 1112.6
11 1111.7
18 1116.5
25 1114.5
_ Nov 1 1118.4
8 1118.4

M1 (left scale)

TCD (right scale)

TCD
1_993 Billions
Oct 4 786.6
11 787.3
18 791.5
25 788.5 — S90
Nov 1 791.1
8 791.5

7 21 5 1! 2 18 30 14 20 11 25 8 22 8 22 5 19 3 17 31 14 28 12 26 9 23 8 20 4 18 1
Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

15 29

Oct

Latest data plotted week ending: November 8, 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)
Compounded annual rates of change, average of four weeks ending:
To the average
11/9/92 2/8/93
4/5/93 5/10/93 6/7/93
7/5/93
8/9/93
9/6/93
of four weeks
ending:
4/5/93
5/10/93
6/7/93
7/5/93
8/9/93
9/6/93
10/11/93
11/8/93

6.4
7.7
10.2
9.7
10.2
10.3
10.8
10.4


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

6.6
11.3
10.2
10.9
11.0
11.5
11.0

19.6
15.2
14.8
14.2
14.3
13.2

16.4
15.4
14.4
14.5
13.2

10.3
10.6
11.7
10.7

12.7
13.4
11.8

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

110
1993
Sep

Billions

1
15
29
Oct 13
27
Nov 10

99.5
100.6
102.7
105.9
101.1

102

98

94

90

88

2 IS 38 IS 21 It 25 S 2J ( 20 J 17 J 17 Jl 14 28 1! 28 9 2) 7 21 4 18 I 15 28 13 27 10 24
Sep

Oct
Nov
1992

Dec

Jan

Feb

Mar

Apr

May

Jun
1993

Jul

Aug

Sep

Oct

Nov

Latest data plotted two weeks ending: November 10, 1 993
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 11/11/92 2/3/93 4/14/93 5/12/93 6/9/93
8/4/93
9/15/93
7/7/93
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

0.3
5.4
10.4
5.8
9.3
7.0
8.9
10.1


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

7.2
15.4
7.1
12.2
8.4
10.9
12.2

43.7
16.6
23.0
14.1
16.8
17.9

6.9
18.2
9.2
13.2
15.0

5.3
0.0
6.5
9.8

11.1
17.0
18.8

7.5
12.4

29.2

Prepared by Federal Reserve Bank of SL Louis

Money Multiplier1 /
Averages of Daily Figures
Seasonally Adjusted
Compounded annual
rates of change,
average of the four
weeks ending
November 8. 1 993 from
the four weeks ending:
Nov 9, 1992 0.1
Feb 1, 1993 -0.5
May 10, 1993 1.1
Jun 7, 1993 -0.5
Jul 5. 1993 -0.7
Aug 2, 1993 -0.7
Sep 13, 1993 -2.2

Ratio
Aug 30
Sep 13

2.659

Oct 11
Nov 8

7 21 5 IS 2 16 30 H 28 II 25 8 22
Sep

22 5 19 3 17 31 14 28 12 26

Oct
Nov
Dec
Jan
Feb
1992
Latest data plotted two weeks ending: November 8, 1993

Jul

23 6 20 4 18
Aug

Sep

Oct

1993

Currency Component of M12/
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

320

310

300

Billions of Dollars

I
I
I
Compounded annual
rates of change,
average of the four
weeks ending
November 8, 1993 from
the four weeks ending:
Nov 9, 1992 10.4
Feb 8. 1993 10.6
May 10, 1993 11.2
Jun 7. 1993 11.1
1 5. 1993 0.4
9 9, 1993 1.0
P 6. 1993 9.4

330

320

310

___ 'S i'E

330

300
199 2
Oct

Billions

4
1
18
25
Nov 1
8

280

l ' l
Sep

Oct
Nov
1992

Dec

Jan

Feb

Mar

Apr

May

Jun
1993

Jul

Aug

L>

l

31
31
31
31
31
31

■ i ■

3.2
S.7
7.2
3.2
9.5
3.1

I
r~H''

Sep

Oct

Nov

Latest data plotted week ending: November 8, 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

290

6

Yields on Selected Securities

Percent

Percent

Averages of Daily Figures

».o

- «■ . — «. ,

^

8.0

_ ^
> ^

5.0

Corpcirate
Aaa B onde

- \

* *N _
N

Muni sipal Be nds

(.0

** «

s s'

■ ** s

F rime Be nk
L aan Rat •

i

\

- ^ "■

V

/

—V

—

r*

J

N. „ 1

V

\

S

1

t
—J

tJ

7.0

5.0

0.0

4.0
.1

V

3.0

3.0
Comr lercial
P< per

2.0

5 II
Sep

2 It 30 13 27 II 25 I 22 S li 3 15 2 II 30 11 20

II 25 5 23 I 21 3 17 I 15 25 12 2f

Oct

Jun Jul
1993

Nov
1992

Dec

Jan

Feb

Mar

Apr

May

Aug

Sep

Oct

Nov

Latest data plotted are averages of rates available for the week ending: November 19, 1993

1993

90-Day
CDs

30—Day
Commercial
Paper

90-Day
Bankers’
Acceptances

Corporate
Aaa Bonds

Corporate
Baa Bonds

Municipal
Bonds **

Aug 27
Sep 3
10
17
24
Oct 1
8
15
22
29
Nov 5
12
19 *

3.14
3.13
3.11
3.12
3.11
3.16
3.23
3.22
3.23
3.29
3.36
3.36
3.33

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

3.08
3.08
3.06
3.08
3.08
3.10
3.18
3.17
3.18
3.24
3.31
3.30
3.28

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

7.43
7.34
7.26
7.33
7.43
7.35
7.35
7.25
7.26
7.38
7.57
7.65
7.66

5.35
5.35
5.24
5.27
5.30
5.30
5.30
5.20
5.20
5.31
5.45
5.46
NX

Current data appear in the Federal Reserve Board's H.15 release.
* Averages of rotes available
** Bond Buyer's Average Index of 20 municipal bonds, Thursday data
NX - 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

7.0

7.0
5—Year
Tm ry Sscu rttw
f

v

\

\

✓

\

\' '

*__________

k

✓ V.

5.0

\

/

✓
^t

* "* N
5.0

\

0.0
Feds ral

Funds Rats

yv

3.0 \ _

\ s* 3—1 lonth
Trsai ury Bill

h

2.0 ■ 1 1 »
Sep

Oct
Nov
1992

Dec

\

-VL V

Jan

Feb

><■ Y~il
D •count Rats

% ^

Aug 27
Sep 3
10
17
24
Oct 1
8
15
22
29
Nov 5
12
19 *

Federal
Funds **
2.98
3.08
2.99
3.03
3.12
3.05
3.24
2.91
2.97
2.97
3.04
2.96
3.03

3.0

1! 2 It 30 H 28 11 25 9 23 6 20 3 17 1 15 2) 12 21

Mar

Apr

May

Jun
Jul
Aug
Sep
1993
Latest data plotted ore averages of rates available for the week ending: November 19. 1993

1993

AOct

Nov

3—Month
Treasury
Bill

6—Month
Treasury
Bill ***

1 -Year
Treasury
Bill

5—Year
Treasury

Long-Term
Treasury

3.00
2.99
2.96
2.96
2.93
2.92
2.97
3.02
3.04
3.06
3.08
3.10
3.10

3.12
3.11
3.03
3.06
3.06
3.02
3.08
3.12
3.14
3.19
3.25
3.28
3.26

3.24
3.21
3.18
3.24
3.26
3.21
3.21
3.22
3.27
3.32
3.40
3.39
3.39

4.87
4.76
4.66
4.73
4.80
4.72
4.69
4.62
4.69
4.82
5.03
5.04
5.00

6.03
5.92
5.80
5.89
5.99
5.89
5.88
5.77
5.82
5.95
6.13
6.17
6.16

which are computed by this bank. Treasury bill yields are on a discount basis 9
^ secum.es
* 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

2.0

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

Billions of Dollars

Billions of Dollars

2725
1993

Billions

Oct

3515 -

4 3535.6
3536.0
3534.9.
3530.0
Nov 1 3528.8
3539.7

2625

(left scale)

2525

2425
Non-M1 M2 (right scale)
Non-M1 M2
1993 Billions
Oct

4
11
18
25
Nov 1
8

7 21 5 It 2 14 30 14 28 11 25
Sep

Oct

Nov

Dec

Jan

Mar

Apr

May

2325

2225

17 31 14 24

22 5 1)
Feb

2423.0
2424.3
2418.4
2415.5
2410.4
2421.3

Jun

Latest data plotted week ending: November 8, 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 11/9/92
4/5/93
5/10/93
6/7/93
7/5/93
B/9/93
9/6/93
2/8/93
ending:
4/5/93
5/10/93
6/7/93
7/5/93
8/9/93
9/6/93
10/11/93
11 /B/93

-1.6
-0.8
0.7
0.7
0.9
1.0
1.2
1.1


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

0.1
2.6
2.2
2.2
2.1
2.3
2.0

6.4
4.6
3.9
3.5
3.5
2.9

5.6
4.3
3.7
3.6
2.9

1.4
1.5
2.0
1.5

1.9
2.5
1.8

2.7
1.6

1.6

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
Oct

4
11
18
25
Nov 1
8

1208.7
1210.3.
1209.5
1207.6
1210.3
1214.4

(right scale)
Money Market
1993 Billions

Savings Deposits (left scale)

Oct

4
11
18
25
Nov 1
8

333.2
333.6 —
332.0
332.8
333.3
333.8

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 6 20 4 II 1 15 2)
Sep
Oct
Nov
Dec
Jan
Feb Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
k
1992
.
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
Billions of Dollars
Billions of Dollars
Averages of Daily Figures, Seasonally Adjusted
100
1
1
1035
Small Time
1993 Billions

370

Oct

4
11
18

799.3
797.4
795.7

Nov

1
8

79 2.4
79 D.4

! jargeTI me (le' t scale i

310

905
L(3rge Ti me
li12 Bi lions

310 -

11
18
25
Nov 1
8

•~»

840

336.2
335.1
333.5
333.0
333.4

Small T me (r ght sc< le)

«*
*■»

280

070

T TT

riTi TTT

-1 Ml'

> i i i1

i » i

^

l * l * T-'-r-'

7 21

5 19 2 16 30 14 2! 11 25 6 22 ! 22 S 19 3 17 31 14 2! 12 26 9 23 6 26 4 II I 15 29

Sep

Oct
Nov
1992

Dec

Jon

Feb

Mar

Apr

May

Jun
Jul
1993

Aug

Sep

Oct

Nov

Latest data plotted week ending: November 8, 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

775

10
Total Borrowings
From Federal Reserve Banks
Averages of Daily Figures

Billions of Dollars

Billions of Dollars

■

1993

Billions

Oct 13
20
27
Nov 3

0.228
0.221
0.188
0.142

17

0.073

10

0.121

—

1.2

-------

1.0

2 IS 30 14 28 11 25 ) 23 S 20 3 17 3 17 31 14 28 12 21 9 23 7 21 4 18 1 15 2) 13 27 II 24
Sep

Oct
Nov
1992

Dec

Jan

Feb

Mar

Apr

May

Jun
1993

Jul

Aug

Sep

Oct

Nov

Adjustment + Seasonal Borrowings
l-rom t-eaeral Keserve BanKs
Averages of Daily Figures

Billions of Dollars

Billions of Dollars

1993

Billions

Oct 13

0.228

27
Nov 3

0.188
0.142

17

0.073

20
10

0.221
0.121

—

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

Oct Nov
1992

Dec

Jan

Feb

Mar

Apr

May

Jun
Jul
1993

Aug

Sep

Oct

Nov

Latest data plotted week ending: November 17, 1993


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

Prepared by Federal Reserve Bank of St. Louis

Commercial Paper of Nonfinancial Companies

Billions of Dollars

1993

Billions of Dollars

Not Seasonally Adjusted
Billions

160.785
161.124
160.963

2 II 31 14 21
25 9 23 6 20 3 17 3 17 31 14 28 12 28 8 23 7 21 4 18 1 15 28 13 27 10 24
Sep Oct Nov Dec Jan
Feb Mar
Apr
May
Jun
Jul
Aug
Sep Oct
Nov
Latest data plotted week ending: November 10, 1993

Commercial and Industrial Loans ^
Billions of Dollars

325
3I5
305
295

Weekly Reporting Large Commercial Banks 2/
Billions of Dollars

—
Compounded annu al
rates of change,
average of the fou
weeks ending
November 3, 1993 rom
the four weeks end ing:
Nov 4, 1992 —2 .9
Feb 3, 1993 -2 .4 _
May 5, 1 993
.1
Jun 2, 1 993 -C .3
Jun 30, 1 993 -2 .0
Aug 4, 1 993 -C .4

325

—
1993
Oct
1
2
2

Biillfl 02
273.4 54__
272.3 89
272.1 65
272.8 67
272.9 30
274.1 98__

315
305
295

285

285

275

275

265

16 30 14 28 11 25 8 23 5 20 3 17 3 17 31 14 28 12 26
Sep
Oct
Nov Dec Jan
Feb Mar Apr May
1992
7

8 23 7 21 4 18
Jun
Jul
Aug
1993

~*1 l 1 l 1 I 1 I

l »

15 28 13 27 10 24
Sep Oct
Nov

Latest data plotted week ending: November 3, 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


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Federal Reserve Bank of St. Louis

11

265

Dollar’s Trade-Weighted Exchange Index
Averages of Daily Figures

973=100

115
19931973=100

105

2

16 30 14 26 11 25 9 23 6 20 3 17 3 17 31 14 26 12 26 9 23 7 21 4 16 1 15 29 13 27 10 24
Aug
Sep
Oct
Nov
Feb Mar
Apr May
Jun
Sep
Oct
Nov Dec
Jan

Latest data plotted week ending: November 17. 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

H
X!

o

a
<

C) on


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Federal Reserve Bank of St. Louis