Full text of U.S. Financial Data : September 26, 1996

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

Federal Reserve Bank
Till.

rIJ,StfiMiicial Data

ii;di;km
a ki si km
^gliVNkof ;

ar.ar.un is

THE WEEK'S HIGHLIGHTS:
✓

New orders for durable goods fell $5.4 billion in August, or by
3.1 percent, the largest decline in 16 months. Actual shipments
of durable goods, on the other hand, rose 0.3 percent in August,
following a 0.5 percent increase in July.

✓

Sales of existing single-family homes were at an annual rate of
4.13 million units in August, down 0.5 percent from their July sales
pace. Measured on a year-to-date basis, however, existing home
sales are up 11.3 percent from the same period last year.
According to the Conference Board, its consumer confidence index
measured 111.8 percent (1985=100) in September, off 0.2 percentage
points from August. In the third quarter, consumer confidence
reached its highest level since the fourth quarter of 1989.

✓

The index of U.S. import prices fell 0.2 percent in August, the
fourth consecutive drop, as petroleum and nonpetroleum import
prices both declined. Import prices have fallen 0.5 percent
measured from a year earlier.

✓

The yield on long-term Treasury securities averaged 6.96 percent
for the week ending Sept. 27, up 99 basis points from the week ending
Dec. 29, 1995, and up 34 basis points from 52 weeks earlier
(see page 7).
All data are seasonally adjusted unless otherwise indicated.

U.S. Financial Data is published weekly by the Research 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 on data, please call (314) 444-8590. 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) electronic
bulletin board at (314) 621-1824 or internet World Wide Web server at http://www.stls.frb.org/fred.

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

2
Adjusted Monetary Base
Averoges of Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

Billions
477.6
478.6
479.6
481.4
480.8
482.4

2 16 30 13 27 11 25 8 22 6 20 3 17 31 14 28 13 27 10 24 8 22 5 19 3 17 31 14 28 11 25 9 23

Aug

Sep

Oct

Nov

Dec

Jon

Feb

Mor

Apr

1995

Moy

Jun

Jul

Aug

Sep

Oct

1996

The odjusted monetary base is the sum of reserve occounts of financial institutions ot Federal Reserve banks,
currency in circulation (currency held by the public ond in the voults of oil depository institutions) ond on
adjustment for reserve requirement ratio chonges. The major source of the odjusted monetary bose is Federol
Reserve credit. Doto ore computed by this bonk. A detoiled description of the odjusted monelory bose is
available from this bank.
Recent doto ore preliminary.

Adjusted Monetary Base
To the overoge of
two maintenance
periods ending:
2/28/96

Compounded onnuol rotes of chonge, overage of two maintenance periods ending:
9/27/95 12/20/95

2/28/96

3/27/96

4/24/96

5/22/96

6/19/96

3/27/96

1.1
2.0

4/24/96

1.6

1.5

5/22/96

0.9

1.2

-1.5

6/19/96

1.1
1.7

2.4

2.3

2.6
3.6

1.2

7/31/96

1.8
2.6

2.9

8/28/96

2.7

3.1

4.1

3.6

4.1
4.6

6.6

6.5

9/25/96

2.7

3.0

3.9

3.5

4.4

5.8

5.5

7/31/96


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

2.2
2.8

6.6
4.9

Prepored by Federal Reserve Bank of St. Louis

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

Billions of Dollars

Aug 12
Sep

2

Billions of Dollars

Billions
T099^4
1096.8
1099.6
1098.3
1096.5
1091.8

Billions
706.7
703.6
705.5
ini ■*
704.3
701.9
696.6

Aug 12
Sep

2

-790
'

M1 (left scale)

TCD (right scale)

1080-

Aug

Sep

Oct

Apr

Moy

1995

Jun

Aug

Sep

Oct

1996

Ml is the sum of currency held by the nonbonk public, demand deposits, other checkable deposits and travelers
checks. Total checkable deposits is the sum of demand deposits and other checkable deposits ot depository
institutions. Current data appear in the Federal Reserve Board's H.6 release.

Money Stock (M1)
To the overoge
of four weeks
ending:

Compounded annual rates of change, average of four weeks ending:
9/18/95 12/18/95

2/19/96

3/18/96

4/15/96

5/13/96

2/19/96

-2.9

4/15/96

-2.4

0.1

5/13/96

-3.1

-1.6

1.2

-3.8

6/17/96

-2.9

-1.6

0.4

-3.0

7/15/96

-3.4

-2.4

-1.2

-4.1

-5.5

8/19/96

-3.7

-2.9

-2.2

-4.5

-5.7

-5.0

9/16/96

-4.0

-3.5

-3.0

-5.1

-6.1

7/15/96

-5.4

3/18/96

6/17/96

-5.7


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

-0.1
6.2
-4.5
-4.4

Prepared by Federal Reserve Bank of St. Louis

3

4
Adjusted Reserves
Seasonally Adjusted
Billions of Dollars

Billions of Dollars
Billions
96.6
95.7
95.4
95.3
96.0
94.8

110

106

102

98

94

I'M'
2 16 30 13 27 11 25 8 22 6 20 3 17 31 14 28 13 27 10 24 8 22 5 19 3 17 31 14 28 11 25 9 23

Aug

Sep

Apr

Oct

May

Aug

Jun

Sep

90

Oct

Adjusted reserves is the difference between the odjusted monetory base ond the currency component of Ml.

Adjusted Reserves
two mo^Jtenonce

Compounded annual rotes of change, average of two maintenance periods ending:
9/13/95 12/6/95 2/14/96 3/13/96 4/10/96
3/8/96
6/5/96 7/17/96

periods ending:
2/14/96

-6.0

3/13/96

-4.4

4/10/96

-2.9

0.3

6.2

5/8/96

-6.2

-5.5

-6.5

-12.0

6/5/96

-3.8

-2.0

-0.7

-2.6

-7.1

7/17/96

-4.2

-3.0

-2.4

-4.1

-7.0

8/14/96
9/11/96

-4.8

-3.8

-3.7

-5.2

-7.7

2.7
-1.2

-8.3

-4.4

-3.4

-3.2

-4.5

-6.4

-0.9

-6.0


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

-1.5

Prepared by Federal Reserve Bank of St. Louis

Money Multiplier
Averages of Daily Figures
3.0

Seasonally Adjusted

Ratio

Rotio

Compounded onnuol rotes
of change, overage of
the four weeks ending
September 9, 1996, from
the four weeks ending:
2 R- Sep 11, 1995
1
Dec 18, 1QQ*
-6.3
-7.7
Mo r 11,
Apr 22 ,
1996 -1
Moy 20
1996 -12
J uI 15, 1996

Aug

Aug 12
1.282
Sep

Oct
1995
Rotio of Ml to adjusted monetary base.

'

9

Sep

1996

Currency Component of M1
Averages of Daily Figures
Billions of Dollars

Seasonally Adjusted

Billions of Dollars

Compounded onnuol rotes
of change, average of
the four weeks ending
September 16. 1996, from
the four weeks ending:
Sep
18. 1995
4.
Dec
18. 1995
4.
Mo r
18. 1 996
6.
Apr
15. 1996
6
Moy 13. 1996
7.
Jun 17, 1996
8.
Ju I
1 5, 1 996
7.

Aug 12
Sep

1

Sep

1995
Current doto appear in the Federal Reserve Board’s H.6 release.


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

15 29 13 27 10 24

Moy

Oct

5

Jun

8 22

5

2

19 2

Billions
384.3
384.9
385.9
385.8
386.3
386.9
16 30 H 28

Sep

Oct

1996
Prepared by Federol Reserve Bank of St. Louis

6
Yields on Selected Securities
Averages of Daily Figures
Percent

Percent

Prime Rote

Corporate
Aaa Bonds

Commercial
Paper

Municipal Bonds

4 18
Aug

15 29 13 27 10 24 8 22 5 19 2 16
Sep
Oct
Nov
Dec
Jon
Feb

15 29 12 26 10 24 7 21
Mar
Apr
May

1995

1996
Jul

5
12
19
26
Aug 2
9
16
23
30
Sep 6
13
20
27

5 19 2 16 30 13 27 11 25
Aug
Sep
Oct

1996

30-Doy
Commercial
Paper

90-Day
CDs

90-Day
Bankers'
Acceptances

Corporate
Aaa Bonds

Corporate
Boa Bonds

5.49
5.45
5.44
5.40
5.43
5.39
5.39
5.36
5.39
5.45
5.45
5.45
5.50

5.49
5.57
5.54
5.51
5.52
5.41
5.39
5.37
5.42
5.55
5.51
5.49
5.52

5.43
5.47
5.45
5.44
5.44
5.33
5.31
5.29
5.33
5.44
5.42
5.39
5.36

7.62
7.73
7.61
7.62
7.55
7.35
7.39
7.48
7.66
7.75
7.71
7.63
7.64

8.32
8.42
8.32
8.34
8.27
8.08
8.11
8.18
8.35
8.43
8.40
8.33
8.33

Municipal
Bonds ••
5.94
6.00
5.88
5.86
5.79
5.67
5.74
5.75
5.86
5.95
5.89
5.88
NA

Current data ore from the Federol Reserve Board's H.15 release, and are averages of rates ovoiloble for the
week ending on September 27, 1996 .
•• Bond Buyer's Averoge Index of 20 municipal bonds, Thursday data
NA - Not Available
_
Prepored by Federal Reserve Bank of St. Louis


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

Selected Interest Rates
Averages of Daily Figures
Percent

Percent

10-Year
Treasury Securities

Federal
Funds Rate
Discount Rate
3-Month
Treasury Bill

4

18

15 29 13 27 10 24

B 22 5 19 2 16

15 29 12 26 10 24 7 21

May

1996
Jul

5
12
19
26
Aug 2
9
16
23
30
Sep 6
13
20
27 •

Federal
Funds ••
5.53
5.26
5.23
5.25
5.53
5.38
5.10
5.18
5.21
5.39
5.16
5.22
5.34

3-Month
Treasury
Bill

1 -Year
Treasury

5-Year
Treasury
Securities

5.13
5.15
5.13
5.16
5.15
5.03
5.03
5.02
5.09
5.19
5.13
5.12
5.04

5.49
5.57
5.47
5.53
5.48
5.30
5.30
5.34
5.48
5.61
5.54
5.50
5.44

6.60
6.72
6.59
6.62
6.52
6.28
6.31
6.38
6.60
6.73
6.64
6.59
6.53

5

19 2

16 30 13 27

Jun

10-Year
Treosury
Securities

Long-Term
Treasury
Securities

6.85
7.04
6.95
7.16
6.81
7.04
6.85
7.05
6.76
6.96
6.54
6.77
6.56
6.80
6.63
6.87
6.84
7.07
6.95
7.17
6.88
7.12
6.82
7.06
6.77
6.96
Except for long-term Treasury securities, which ore computed by this Bonk, current data appear in the Federol
Reserve Board's H.15 releose.
• Averoges of rotes avaikible
•• Seven-day averoges for week ending two doys earlier thon dote shown
Prepared by Federol Reserve Bonk 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 Oollors

Aug 12

3775-

Sep

2

Billions
3752.7
3754.2
3756.8
3756.3
3773.1
3771.0

Billions of Dollars

M2 (left scale)

■2600

Non-Mi M2
)6
Billions
Aug 12
2657.4
2657.2
Sep 2
2658.0
2676.1
2679.2

Non-M1 M2 (right scale)

Aug

Sep

Apr

Oct

Moy

Aug

Jun

Sep

Oct

M2 is the sum of M1, savings (including money market deposit accounts), smoll time deposits and retoil money
funds. Current data appear in the Federal Reserve Boord's H.6 releose.

Money Stock (M2)
Compounded annual rates of change, average of four weeks ending:
To the overoge
of four weeks
ending:

9/18/95 12/18/95

2/19/96

3/18/96

4/15/96

5/13/96

6/17/96

2/19/96

4.1

3/18/96

5.6
5.5

7.4

4/15/96

6.9

9.7

5/13/96

4.5

5.0

5.3

1.1

6/17/96

4.4

4.7

4.8

2.0

0.6

7/15/96
8/19/96

4.1
4.0

4.2
4.1

4.1
4.0

1.8
2.2

0.7
1.6

2.4
2.9

2.6

9/16/96

4.1

4.2

4.1

2.6

2.1

3.3

7/15/96

3.2


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

Prepared by Federal Reserve Bank of St. Louis

Savings and Small Time Deposits
Averages of Daily Figures
Billions of Dollars

Seasonally Adjusted

Billions of Dollars

Savings

1055

Small Time

Billions
1225.0
225.5

1996
Aug 12

1222.1

1996

Sep

2

2

1015

936.9

Sep

Billions
932.2
933.5
934.5
935.2

975

Small Time (right scale)
935

895

855

Savings Deposits (left scale)

7 21 4
Aug

18 2
Sep

16 30 13 27 1 1 25 8 22 5 19 4

18

Oct

15 29 13 27 10 24 8 22 5
Apr

May

Jun

19 2 16 30 14 28
Sep

Oct

Sovings deposits and small time deposits ore ot oil depository institutions.

Large Time Deposits and Retail Money Funds
Averages of Daily Figures
Billions of Dollars

seasonally Adjusted

Billions of Dollars

Large Time
Aug 12
570Sep

2

Retail Money
1996
Billions
Aug 12
496.0
498.4
499.6
Sep 2
500.7
504.8

Billions
449.6
454.9
458.0
461.3
459.8
462.1

507.3

Retail Money

Large Time

7 21
Aug

4 18 2 16 30 13 27 11 25 8 22 5 19 4 18 1
Sep
Oct

15 29 13 27 10 24 8 22 5 19 2 16 30 14 28*
May

Jun

1995
1996
Large time deposits and retoil money funds ore ot oil despository institutions. Lorge time deposits ore those
issued in denominations of $100,000 or more. Retail money funds were originally colled general purpose
and broker/dealer money market funds.
Prepared by Federal Reserve Bonk of St. Louis


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

9

775

10
Total Borrowings
From Federal Reserve Banks
Billions of Dollars

Billions of Dollars

Billions
0.325
0.372
0.465
0.323
0.326
0.343

Aug 21
Sep

Averages of Daily Figures

4

0.8-

22 5 19 3 17 31 14 28 11 25

2 16 30 13 27 11 25 8 22 6 20 3 17 31 14 28 13 27 10 24

Sep

Moy

Oct

1995
Borrowings include seasonal, adjustment ond extended credit.

Jun

Aug

Sep

Oct

1996

Bank Loans and Credit
All Commercial Banks in the United States1^
Billions of Dollars

Seasonally Adjusted

Billions of Dollars

Bank Credit
Billions
Aug

7

Sep

4

3670.4
3666.9
3669.5
3668.7
3667.9
3677.4

Bonk Credit (left scale)2/

LoonsdcLeases
Billions
7
2696.2
2696.2

Loans and Leases (right scale)

Aug

Sep

Moy
1995
Current data appeor in the Federal Reserve Board's H.8 release.
1 / Includes foreign-reloted institutions
2/ Includes loons and leases ond securities


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

Jun

Aug

2705.9
2707.7
2711.2

4

2717.5
Sep

Oct

1996

Prepared by Federal Reserve Bonk of St. Louis

Commercial Paper of Nonfinancial Companies
Not Seasonally Adjusted

Billions of Dollars

Billions of Dollars 220

mom

Sep

197.455
196.050
191.810
190.505
191.113
200.616

4

200

180

2

16 30 13 27 11 25 8 22 6 20 3 17 31 14 28 13 27 10 24 8 22 5

Aug

Sep

Oct

Nov

Dec

Jon

Feb

Mor

Apr

1995

May

19 3

Jun

17 31 14 28 11 25 9 23

Jul

Aug

Sep

Oct

1996

Commercial and Industrial Loans
Seosonolly Adjusted

Billions of Dollors

Billions of Dollors

All Bonks
Billions
750-

^9

7

Sep

4

742.1
740.6
744.6
746.7
751.1
753.3

All Bonks (left scale)1/

Large Bonks (right scole)2/
Lorge Bonks
196
Billions
Aug 7
361.2
361.0
363.6
363.8
Sep 4
365.5
366.8
2

16 30 13 27 11 25 8 22 6 20 3

Aug

Sep

Oct

Nov

Dec

17 31 14 28 13 27 10 24 8 22 5

Jon

Feb

Mar

1995

May

19 3

Jun

17 31 14 28 11 25 9 23

Jul

Aug

Sep

Oct

1996

Current data oppeor in the Federal Reserve Board's H.8 reieose.
1/ Includes foreign-related institutions
2/ Weekly reports, domestically chartered bonk.


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

Apr

II

Prepared by Federal Reserve Book ol St. Louis

160

Dollar's Trade - Weighted Exchange Index
Averoges of Daily Figures
1973=100

1973=100

110

100

90

80

70
2 16 30 13 27 11 25

22 6 30 3 17 31 U 28 13 27 10 24 8 22 5 19 3 17 31 14 28 11 25
Sep
Apr
Moy

Ocl

1996
Current data appear in the Federal Reserve Board's H.10 release. Dole ore weighted overages ot the foreign-currency
price of the U.S. dollar, computed using 10 industrial country currencies.


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

Prepared by Federal Reserve Bank of St. Louis