Full text of U.S. Financial Data : September 3, 1992
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Federa eserva Bank pEF 0 8 1992 nil H IM KYI A Kl M K\l ■ AIIWKol I SI IOI IS ■ THE WEEK'S HIGHLIGHTS: */ The composite index of leading indicators increased 0.1 percent in July to 149.6 (1982=100), after decreasing 0.3 percent in June. The leading indicators index has posted a gain in six of the first seven months of 1992. t/ Real personal income (PI) rose at a 1.6 percent annual rate in July, following a 0.3 percent annual rate of decline in June. Real disposable personal income (DPI), which is personal income less personal tax and nontax payments, rose at a 1.2 percent annual rate in July, after falling 0.1 percent in June. Real PI and real DPI have risen 1.5 and 2.1 percent, respectively, in the past year. Real personal consumption expenditures (PCE) grew at an annual rate of 2.1 percent in July, the third consecutive monthly increase. In the past year, real PCE has risen 1.4 percent. */ Sales of new one-family houses fell 2.6 percent in July to a season ally adjusted annual rate of563,000 units. New home sales rose 5.3 percent in June. 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) Two years (100 issues) $18 $30 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. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 Adjusted Monetary Base Averages ot Daily Figures Seasonally Adjusted Billions of Dollars 1992 Billions Jun 24 364.2 362.7 366.6 Aug 5 Sep 2 372.2 372.0 3 17 31 14 28 11 25 9 23 6 20 Jul Aug Billions of Dollars Sep Oct Nov 4 18 1 15 28 12 26 11 25 I 22 6 20 3 17 1 15 29 12 26 9 23 Dec Sep Jan Feb Mar Apr 1991 May Jun Jul Aug 1992 Latest data plotted reserve maintenance period ending: September 2, 1992 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: 2/5/92 3/4/92 4/1/92 4/29/92 5/27/92 7/8/92 8/5/92 9/2/92 Compounded annual rates of change, average of two maintenance periods ending: 9/4/91 11/27/91 2/5/92 3/4/92 4/1/92 4/29/92 5/27/92 7/8/92 7.9 10.2 9.2 9.3 9.2 8.0 8.6 9.2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 11.8 9.7 9.9 9.6 7.8 8.6 9.5 12.8 12.1 11.0 8.0 9.2 10.2 6.5 7.0 4.8 6.7 8.2 9.2 5.4 7.6 9.3 3.4 6.7 9.0 6.3 9.3 16.4 Prepared by Federal Reserve Bank of St. Louis Money Stock (Ml) and Total Checkable Deposits Averages ot Dally Figures Seasonally Adjusted Billions of Dollars Billions of Dollars M1 1992 Billions - Jul 20 27 962.3 Aug 3 966.3 10 972.1 17 975.3 24 972.1 TCD (right scale) M1 (left scale) TCD 1 15 2) 12 26 9 23 7 21 4 18 2 16 30 13 27 10 24 Jul Aug Sep Oct 1991 Nov Dec Jan Feb 1992 Billions Jul 20 27 Aug 3 10 17 24 674.0 674.5 677.7 682.2 684.7 681.6 9 23 6 20 4 18 1 15 29 13 27 10 24 7 21 Mar Apr May Jun 1992 Jul Aug Sep Latest data plotted week ending: August 24, 1992 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 surn 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 B/26/91 11/25/91 1/27/92 2/24/92 3/23/92 4/27/92 5/25/92 6/22/92 ending: 1/27/92 2/24/92 3/23/92 4/27/92 5/25/92 6/22/92 7/27/92 B/24/92 12.1 15.1 15.2 13.4 13.6 12.4 11.8 12.2 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 18.5 17.8 14.4 14.5 12.7 11.8 12.4 24.0 15.6 15.6 12.7 11.6 12.3 8.7 10.7 8.5 8.1 9.4 8.5 6.3 6.4 8.3 8.3 7.7 9.8 4.4 8.1 11.2 Prepared by Federal Reserve Bank of St Louis Adjusted Resetves Billions of Dollars Seasonally Adjusted Billions of Dollars 92 1992 Billions 90 Jun 10 Jul B Aug 5 80 84 82 78 3 17 31 14 28 11 25 J 23 6 20 4 II 1 15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 Jul Aug Sep Oct 1991 Nov Dec Jan Feb Mar Apr May 1992 Jun Jul Aug Sep Latest data plotted two weeks ending: August 19, 1992 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 8/21/91 11/13/91 1/22/92 2/19/92 3/18/92 4/15/92 5/13/92 6/24/92 periods ending: 1/22/92 2/19/92 3/18/92 4/15/92 5/13/92 6/24/92 7/22/92 8/19/92 7.7 15.2 17.8 16.1 15.6 13.3 11.4 12.8 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 17.5 21.3 18.1 16.9 13.6 11.0 12.8 50.7 33.4 27.4 19.3 14.8 16.7 19.0 16.3 10.6 7.1 10.4 7.7 4.4 1.7 6.4 4.3 0.9 6.8 -2.9 5.6 10.0 Prepared by Federal Reserve Bank of St. Louis 76 Money Multiplier 1/ Averages of Daily Figures Seasonally Adjusted Ratio 3.2 Compounded annual rates of change, average of the four weeks ending August 17, 1992 from the four weeks ending: Aug 19, 1991 2.8 Nov 25, 1991 2.9 Mar 2, 1992 1.1 Mar 30, 1992 -0.6 Apr 27, 1992 0.5 May 25, 1992 -0.8 Jun 22. 1992 -2.0 Ratio Jul 6 Aug 3 2.636 2.61 1 2.631 2.615 2.616 2.617 2.5 2.5 l IS 29 12 26 9 23 7 21 4 18 2 16 30 13 27 10 24 9 23 6 20 Jul Aug Sep Oct Nov Dec Jan Feb Mar 15 29 13 27 10 24 7 21 Apr Jul Aug 2.3 Sep 1992 Latest data plotted two weeks ending: August 17, 1992 Currency Component of M12/ Averages of Daily Figures Seasonally Adjusted Billions of Dollars Billions of Dollars Compounded annual rates of change, average of the four weeks ending August 24, 1992 from the four weeks ending: Aug 26. 1991 8.0 Nov 25. 1991 8.2 Feb 24. 1992 8.0 Mar 23, 1992 9.2 Apr 27. 1992 10.1 May 25, 1992 11.2 Jun 22, 1992 13.5 1992 Jul 20 Aug 3 Billions 280.0 282.7 282.7 1 15 29 12 26 9 23 7 21 4 18 2 16 30 13 27 Jul Aug Sep Oct Nov Dec Jan 24 9 23 6 20 4 18 1 15 29 13 27 10 24 7 21 Feb Mar Apr May Jun Jul Aug Sep Latest data plotted week ending: August 24, 1992 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 6 Yields on Selected Securities Percent Percent Averages of Daily Figures Municipal Bond* Prime Bank -Loon Rate. 8 22 5 19 3 17 31 Jut Aug Sep Oct Nov Dec Jan Feb Mar Apr 1991 May Jun Jul Aug Sep 1992 Latest data plotted are averages of rates available for the week ending: September 4, 1992 1992 90-Day CDs 30—Day Commercial Paper 90-Day Bankers' Acceptances Corporate Aaa Bonds Corporate Baa Bonds Jun 12 19 26 Jul 3 10 17 24 31 Aug 7 14 21 28 Sep 4 * 3.86 3.83 3.84 3.75 3.37 3.34 3.32 3.32 3.32 3.28 3.28 3.34 3.33 3.91 3.89 3.89 3.80 3.45 3.42 3.40 3.36 3.39 3.35 3.37 3.39 3.41 3.81 3.79 3.79 3.66 3.33 3.28 3.29 3.29 3.28 3.25 3.26 3.31 3.30 8.24 8.22 8.20 8.16 8.08 8.09 8.06 8.01 7.99 7.93 7.91 7.97 7.95 9.08 9.02 9.02 8.98 8.89 8.87 8.82 8.71 8.68 8.62 8.62 8.69 8.68 Municipal Bonds +*** 6.52 6.46 6.42 6.38 6.17 6.16 6.05 5.89 6.06 6.05 6.21 6.31 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 NA - Not Available Prepared by Federal Reserve Bank of St. Louis http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Selected Interest Rates Percent Percent Averages of Daily Figures 3-Month Discount Rate IB 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 Jul Aug Sep Oct Nov Dec Feb Mar Apr May Jun Jul Aug Latest data plotted are averages of rates available for the week ending: September 4. 1992 1992 Jun 12 19 26 Jul 3 10 17 24 31 Aug 7 14 21 28 Sep 4 * Federal Funds ** 3-Month Treasury Bill 6—Month Treasury Bill *♦* 3.69 3.73 3.72 3.87 3.24 3.28 3.22 3.18 3.33 3.24 3.33 3.27 3.33 1-Year Treasury Bill 5—Year Treasury Securities Long-Term Treasury Securities 3.67 3.83 3.99 6.56 7.74 3.63 3.75 3.93 6.44 7.67 3.64 3.77 3.94 6.40 7.65 3.48 3.66 3.79 6.22 7.56 3.22 3.32 3.48 5.93 7.42 3.19 3.31 3.38 5.85 7.45 3.17 3.24 3.38 5.74 7.36 3.18 3.27 3.43 5.70 7.20 3.16 3.30 3.39 5.69 7.18 3.11 3.19 3.28 5.53 7.08 3.07 3.18 3.26 5.48 7.11 3.16 3.24 3.38 5.69 7.23 3.15 3.26 3.31 5.54 7.17 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 1992 Billions Jul 20 27 icnn _Aug 3 J:,uu 10 17 24 3457.5 3459.3 3460.7. 3470.0 3468.3 3464.6 (left scale) Non-M1 M2 (right scale) Non-M1 M2 1992 Billions Jul 20 27 3 10 17 24 Aug 1 15 29 12 26 9 23 7 21 4 18 2 16 30 13 27 10 24 Jul Aug Sep Oct Nov Dec Jan Feb 9 23 6 20 4 18 Mar Apr May 1991 2496.5 2497.0 2494.4 2497.9 2493.0 2492.5 1 15 29 13 27 10 24 7 21 Jun Jul Aug Sep 1992 Latest data plotted week ending: August 24, 1992 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 8/26/91 11/25/91 1/27/92 2/24/92 3/23/92 4/27/92 5/25/92 6/22/92 of four weeks ending: 1/27/92 2/24/92 3/23/92 4/27/92 5/25/92 6/22/92 7/27/92 6/24/92 2.5 3.7 3.5 2.6 2.4 2.0 1.6 1.6 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4.7 4.1 2.5 2.2 1.7 1.2 1.3 6.1 2.6 2.2 1.5 0.8 1.0 -0.7 -0.2 -0.5 -0.9 -0.4 -1.2 -1.2 -1.5 -0.8 -0.3 -1.0 -0.2 Prepared by Federal Reserve Bank of St. Louis Savings and Money Market Funds Averages of Daily Figures Seasonally Adjusted Billions of Dollars usa 1135 1090 Billions of Dollars 415 --------- 1----------1--------Savings 1992 Billions Jul 20 27 3 10 17 24 Aug 1134.8 1136.8 113 7.8 114 2.4 114 5.8 114 7.0 390 Mont y Market (rigt t scale N ✓ 365 S^ -s __ > - V. • — •** 1045 li! 340 t Sc vings C •posits (left cale) 1000 955 iey Me rket l Mill ons .0 34<3.4 Aug 3 349.1 10 346.9 17 348.0 24 347.6 ______ I______ I_____ is 29 I2 26 9 IJ 7 21 9 11 Aug Sep Oct Nov Jul 1991 11 3 13 27 10 2* 9 21 i 20 Dec Jan Feb Mar Apr . ... i 11 May IS 20 13 27 10 24 7 11 Jun Jul Aug Sep 315 290 1992 Note: Savings deposits are at ail depository institutions. Money market funds are general purpose and broker/dealer. Large and Small Time Deposits1/ rwi ucpusnuiy iiiauiuuuiia Billions of Dollars Billions of Dollars Averages of Daily Figures, Seasonally Adjusted Small Time 1992 Jul 20 27 Aug 3 10 Small Time (right scale) Billions 941.2 937.5 934.1 929.9 — 926.2 923.1 Large Time (left scale) Large Time 1992 Billions — Jul 20 386.9 27 384.9 Aug 3 386.7 10 384.9 17 383.8 24 383.3 1 IS 29 12 26 9 23 7 21 I 18 2 16 30 13 27 10 24 9 23 6 20 4 18 1 15 29 13 27 10 24 7 21 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 1991 1992 Latest data plotted week ending: August 24, 1992 1/ Large time deposits are those issued in demoninations 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 From Federal Reserve Banks Averages of Daily Figures Billions of Dollars 1992 Billions of Dollars Billions _ Jul 29 . 12 19 26 2 0.237 0.243 0.229 0.268 0.267 0.249 ] 17 31 14 28 11 25 8 23 6 20 4 18 1 15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 21 9 23 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 1991 1992 Adjustment + Seasonal Borrowings From Federal Reserve Hanks Averages of Daily Figures Billions of Dollars 1992 Jul 29 -Aug 5 12 19 26 Sep 2 Billions of Dollars Billions 0.237 0.243 0.229 0.268 0.267 0.249 3 17 31 14 28 11 25 9 23 6 20 4 18 1 15 29 12 26 11 25 Jul Aug Sep Oct Nov Dec Jan Feb Mar 1991 22 6 20 3 17 1 15 29 12 26 9 23 Apr May Jun Jul Aug Sep 1992 Latest data plotted week ending: September 2, 1992 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 1992 Billions of Dollars Not Seasonally Adjusted Billions Jul 22 140.593 138.774 Aug 5 139.513 138.560 138.298 136.339 3 I7 31 14 28 11 25 9 23 Jul Aug Sep Oct 1991 6 2B 4 18 1 15 29 12 26 11 25 8 22 6 20 3 17 1 15 29 12 26 9 23 Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 1992 Latest data plotted week ending: August 26, 1992 Commercial and Industrial Loans'/ Billions of Dollars 38G 360 340 320 Weekly Reporting Large Commercial Banks2/ Seasonally Adjusted ---------1--------- 1--------Compounded annu al rates of change, average of the fou weeks ending August 19, 1992 fr om the four weeks ent ing: Aug 21. 1991 -t .0 Nov 20, 1991 -€ .2 _ Feb 19, 1992 -E .7 Mar 18, 1992 -« .9 Apr 22. 1992-1 .2 May 20, 1992-1 .8 Billions of Dollars ----- ,----199. Jul Aug 380 Billions 5 279.491__ 12 278.028 >9 5 2 9 276.467 277.339 276.711 276.982 3(0 340 320 300 200 2(0 280 3 17 31 14 21 11 25 ! 23 i 20 4 18 1 15 20 12 20 11 25 8 22 0 20 3 17 1 15 2! 1! 20 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 1991 1992 0 23 Sep Latest data plotted week ending: August 19, 1992 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 11 260 Dollar’s Trade-Weighted Exchange Index 1973=100 1973=100 Averages ot Daily figures 1992 1973=100 Aug 5 Sep 2 3 17 31 14 21 11 25 § 23 i 20 Jul Aug Sep Oct Nov 1991 4 18 1 15 29 12 26 Dec Jan Feb - 11 25 I 22 6 20 3 17 Mar Apr May Jun 1992 I 15 2) 12 21 9 23 Jul Aug Sep Latest data plotted week ending: September 2. 1992 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 K < Pi P M a> J http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
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