US Financial Data Weekly - St. Louis Fed

8/3/2019 US Financial Data Weekly - St. Louis Fed

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TUESDAY WEDNESDAY THURSDAY* FRIDAY

DEFINITIONS: A, actual value; P F , previous week’s forecast; C F, current week’s forecast; K, thousand; M, million; B, billion.

*The Board of Governors of the Federal Reserve System provides H.3, H.4.1, and H.6 releases each Thursday and H.10 and H.15 releases each Monday.

Forecast data are from Thomson Reuters . ©Thomson Reuters , 200 8 . All Rights Reserved. Use, duplication, or sale of this service or the

data contained herein, except as described in the Federal Reserve Bank of St. Louis Subscription Agreement, is strictly prohibited.

research.stlouisfed.org

Titles for the current week are links to their respective releases.

MONDAY*

USFinancial Data

Calendar of Releases

October 7, 2011

Final Edition

October 3

Construct Spending (Aug)

A: 1.4% PF: -0.3%

National Economic Trends

October 12October 11October 10 October 13

October 17

October 14

October 18 October 20October 19 October 21

October 4 October 5 October 6 October 7

ISM Index (Sep)

Latest Issue

A: 51.6 PF: 50.5

Factory Orders (Aug) ISM Non Mfg Index (Sep) Initial Claims (10/1) Nonfarm Payrolls (Sep)

Private Payrolls (Sep)

A: -0.2% A: 53.0 A: 401K A: 103K

A: 137K

PF: 0.0% PF: 53.0 PF: 410K PF: 60K

PF: 94K

Unemployment Rate (Sep)

PF: 9.1%A: 9.1%

Consumer Credit (Aug)

A: -$9.5B PF: $8.0B

(previous meeting)

Business Inventories (Aug)

FOMC Minutes Initial Claims (10/8)

PF: N/ACF: 405K

International Trade (Aug)

PF: -$46.0BCF: -$46.0B

Treasury Budget (Sep)

PF: N/ACF: N/A

Retail Sales (Sep)

PF: 0.3%CF: 0.6%

PF: 0.4%CF: 0.5%

Import Prices (Sep)

PF: -0.4%CF: -0.3%

Industrial Production (Sep)

CF: 0.2%

Existing Home Sales (Sep)

CF: 77.5%

PPI (Sep)

CF: 0.2%

Capacity Utilization (Sep) Core PPI (Sep)

CF: 0.2%

Latest Issue

Housing Starts (Sep)

CF: 583K

Building Permits (Sep)

CF: 600K

CPI (Sep)

Monetary Trends CF: 0.3%

Core CPI (Sep)

CF: 0.2%

Current Economic

Initial Claims (10/15)

CF: N/A

CF: 4.90M

Conditions (Beige Book)

http://www.federalreserve.gov/releases/


http://www.thomson.com/financial/financial.jsp




http://research.stlouisfed.org/

http://www.census.gov/const/www/c30index.html



http://research.stlouisfed.org/publications/net/20111001/netpub.pdf

http://www.ism.ws/ISMReport/?navItemNumber=4892



http://www.census.gov/manufacturing/m3/


http://workforcesecurity.doleta.gov/press/2011/100611.asp

http://www.bls.gov/ces/















http://www.federalreserve.gov/releases/g19/current/g19.htm



http://research.stlouisfed.org/
















Contents

Page

3 Adjusted Monetary Base

4 Adjusted Reserves

5 MZM

6 M2

7 Composition of Federal Reserve Assets and Liabilities

8 Reserve Bank Credit and Selected Categories

9 Other Federal Reserve Balance Sheet Items

10 Yields on Selected Securities

11 Corporate Bond Spreads and Mortgage Interest Rates

12 Yields on Nominal and Inflation-Indexed Treasury Securities

13 Federal Funds Futures Market

14 Equity Price Indices15 Crude Oil Prices

16 Natural Gas Prices

17 Exchange Rates

18 Currency, Savings, and Small Time Deposits

19 Institutional and Retail Money Funds, and Borrowings from Federal Reserve Banks

20 Bank Loans

21 Commercial Paper Outstanding

22 Reference Tables

23 Notes

Conventions used in this publication:

1. Unless otherwise indicated, figure and table data are weekly and seasonally adjusted.

2. For pages 10, 14, 15 (top chart), 16 (top chart), and 22 (top table), the last observation is a daily average that incorpo-rates all available data at the time of publication, which usually includes observations for the first three trading days of the week (Monday through Wednesday). The previous observations signify that week’s average.

We welcome your comments addressed to:

Editor, U.S. Financial DataResearch DivisionFederal Reserve Bank of St. LouisP.O. Box 442St. Louis, MO 63166-0442

or to:

[email protected]

U.S. Financial Data is published weekly by the Research Division of the Federal Reserve Bank of St. Louis. For more information on data in this publication, please visit research.stlouisfed.org/fred2or call (314) 444-8590. To be added to our free email notification list, please visit our web site at research.stlouisfed.org/publications/usfd.



U.S. Financial Data updated through10/06/11

3

Research Division

Federal Reserve Bank of St. Louis

10/06/10 12/29/10 03/09/11 04/06/11 05/04/11 06/01/11 07/13/11 08/10/11

03/09/11 43.8

04/06/11 54.1 114.5

05/04/11 52.3 95.5 78.7

06/01/11 51.6 85.3 67.0 43.6

07/13/11 48.1 71.7 53.6 37.5 36.0

08/10/11 44.3 62.7 44.8 31.2 28.4 22.0

09/07/11 38.4 51.9 34.1 22.0 18.0 11.1 -1.1

10/05/11 34.5 45.0 28.1 17.4 13.5 7.4 -2.4 -8.5

Adjusted Monetary Base

Compounded annual rates of change, average of two maintenance periods ending:To the average of

two maintenance

periods ending:

2010 2011

Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

Billions of dollars

Averages of Daily Figures, Seasonally Adjusted

Adjusted Monetary Base

1900

2000

2100

2200

2300

2400

2500

2600

2700

2800



U.S. Financial Data updated through

10/06/11

4

Research Division


09/22/10 12/15/10 02/23/11 03/23/11 04/20/11 05/18/11 06/29/11 07/27/11

02/23/11 33.8

03/23/11 74.0 163.8

04/20/11 80.9 156.6 314.2

05/18/11 77.1 133.0 195.8 87.4

06/29/11 75.6 117.1 144.7 78.6 60.7

07/27/11 69.6 101.6 115.0 63.5 47.8 46.6

08/24/11 61.6 85.3 89.5 48.0 33.8 29.3 6.5

09/21/11 53.7 71.2 70.0 35.7 23.0 17.6 -1.5 -10.8

Adjusted Reserves

Compounded annual rates of change, average of two maintenance periods ending:To the average of

two maintenance

periods ending:

2010 2011


Billions of dollars

Seasonally Adjusted

Adjusted Reserves

1000

1100

1200

1300

1400

1500

1600

1700

1800




5

Research Division


09/27/10 12/20/10 02/28/11 03/28/11 04/25/11 05/23/11 07/04/11 08/01/11

02/28/11 4.9

03/28/11 5.3 3.9

04/25/11 6.2 5.7 9.9

05/23/11 7.1 7.2 11.2 13.2

07/04/11 7.6 7.9 11.0 12.1 11.9

08/01/11 8.9 9.7 13.1 14.5 15.1 15.5

08/29/11 9.5 10.3 13.5 14.7 15.2 15.5 19.4

09/26/11 9.6 10.4 13.1 14.0 14.3 14.4 16.4 13.1

MZM

Compounded annual rates of change, average of four weeks ending:To the average

of four weeks

ending:

2010 2011


Billions of dollars


MZM

9400

9600

9800

10000

10200

10400

10600




10/06/11

6

Research Division


09/27/10 12/20/10 02/28/11 03/28/11 04/25/11 05/23/11 07/04/11 08/01/11

02/28/11 5.6

03/28/11 5.2 4.9

04/25/11 5.3 5.0 4.2

05/23/11 5.6 5.7 5.6 7.1

07/04/11 6.7 7.2 8.0 9.6 11.2

08/01/11 8.8 10.0 12.0 14.1 16.7 20.1

08/29/11 10.5 12.2 14.9 17.2 19.9 23.4 31.8

09/26/11 10.3 11.7 13.8 15.6 17.5 19.5 23.0 18.9

M2

Compounded annual rates of change, average of four weeks ending:To the average

of four weeks

ending:

2010 2011


Billions of dollars


M2

8500

8750

9000

9250

9500

9750




7

Research Division


2010 2011


Billions of Dollars

End of Period Wednesday Figures

Composition of Federal Reserve Assets

0

500

1000

1500

2000

2500

3000

3500

Short-Term Lending to Financial Firms and Markets

Rescue Operations

Operations Focused on Longer-Term Credit Conditions

Traditional Portfolio

Traditional Portfolio and Long-Term Assets

2010 2011


Billions of Dollars


Composition of Federal Reserve Liabilities

0

500

1000

1500

2000

2500

3000

Source Base (not adjusted for reserve requirement changes)

Treasury Financing Account

Traditional Liabilities and Capital Account




10/06/11

8

Research Division


2010 2011


Billions of dollars

Averages of Daily Figures

Reserve Bank Credit and Federal Reserve Holdings of U.S. Treasury Securities

Reserve Bank Credit

U.S. Treasury Securities

0

600

1200

1800

2400

3000

2010 2011


Billions of dollars


Term Deposits Held by Depository Institutions

0

1

2

3

4

5

6




9

Research Division


2010 2011


Billions of Dollars

Purchases of Agency Debt

Mortgage-Backed Securities


Federal Reserve Holdings of Agency Debt and Mortgage-Backed Securities

0

200

400

600

800

1000

1200

2010 2011


Federal Reserve Holdings in the Term Asset-Backed Securities Loan FacilityAverages of Daily Figures

Billions of Dollars

9

13

17

21

25

29

33

37

41




10/06/11

10

Research Division


2010 2011


Percent

Corporate Aaa

Prime Rate

2-Year Swap

30-Day Nonfinancial Commercial Paper


Yields on Selected Securities

0

1

2

3

4

5

6

7

2010 2011


Percent

10-Year Treasury

Federal Funds RateFFR Target Range3-Month Treasury|||

|||||

0

1

2

3

4

5




11

Research Division


2010 2011


Percent

Aaa - 10Y

Baa - 10Y


Corporate Bond Yields Relative to Yields on 10 - Year Treasury Securities

0

1

2

3

4

2010 2011


Percent

Jumbo

Conforming


Interest Rates on 30 - Year Conforming and Jumbo Mortgages

3.5

4.0

4.5

5.0

5.5

6.0




10/06/11

12

Research Division


2010 2011


Percent


Treasury Note Yields

5-Year

10-Year

30-Year

0

1

2

3

4

5

2010 2011


Percent

Averages of Daily FiguresInflation-Indexed Treasury Yields

5-Year

10-Year

30-Year

-1

0

1

2

3

2010 2011


Percent


Inflation-Indexed Treasury Yield Spreads

5-Year10-Year

30-Year

1.0

1.5

2.0

2.5

3.0




13

Research Division


Oct 2011 Nov 2011 Dec 2011 Jan 2012 Feb 2012 Mar 2012

Contract Month

Percent

Rates on Federal Funds Futures on Selected Dates

0.07

0.08

0.09

0.10

0.11

0.12

0.13

Week Ending:

10/05/1109/08/1108/10/11

2011

May Jun Jul Aug Sep Oct

FFR Target Rate Range

Oct 2011

Nov 2011

Dec 2011

|||

Percent

Daily Data

Rates on Federal Funds Futures Contracts

0.00

0.05

0.10

0.15

0.20

0.25

0.30




10/06/11

14

Research Division


2010 2011



Dow Jones Industrial Average and NASDAQ Composite

Closing Price February 5, 1971 = 100

NASDAQ (right scale)

Dow Jones (left scale)

10000

11000

12000

13000

14000

15000

2000

2200

2400

2600

2800

3000

2010 2011


January 2, 1980 = 1078.29 1941-43 = 10

S&P* (right scale)

Wilshire** (left scale)


Wilshire 5000 and Standard & Poor's 500

*Copyright 2011 The McGraw-Hill Companies, Inc. Standard & Poor's including its subsidiary corporations ("S&P") is a division ofThe McGraw-Hill Companies, Inc. Reproduction of this data in any form is prohibited without S&P's prior written permission.

**Source: Wilshire Associates Incorporated, www.wilshire.com

10000

11000

12000

13000

14000

15000

1000

1100

1200

1300

1400

1500




15

Research Division


2010 2011


Dollars per barrel

West Texas Intermediate, Averages of Daily Figures

Crude Oil Spot Prices

70

75

80

85

90

95

100

105

110

115

Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

2011 2012

Crude Oil Futures PricesWest Texas Intermediate

Dollars per barrel

09/29/2011

10/05/2011

79

80

81

82

83

84

85




10/06/11

16

Research Division


2010 2011


Dollars per million btu

Henry Hub, Averages of Daily Figures

Natural Gas Spot Prices

3.2

3.5

3.8

4.1

4.4

4.7

5.0

Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

2011 2012

Natural Gas Futures Prices

Dollars per million btu

Henry Hub

10/05/2011

09/29/2011

3.5

3.7

3.9

4.1

4.3

4.5




17

Research Division


2010 2011


January 1987=100March 1973=100

Broad Index (right scale)

Major Index (left scale)


Trade-Weighted Exchange Rate Indexes

65

69

73

77

81

85

85

89

93

97

101

105

2010 2011


Euro/US$ Yen/US$


Euro (left scale)

Japan (right scale)

Exchange Rates

0.4

0.5

0.6

0.7

0.8

0.9

76

84

92

100

108

116




10/06/11

18

Research Division


2010 2011


Billions of dollars


Currency Component of M1

890

910

930

950

970

990

2010 2011


Billions of dollarsBillions of dollars

Small Time (left scale)

Savings (right scale)


Savings and Small Time Deposits

700

800

900

1000

1100

1200

3500

4000

4500

5000

5500

6000




19

Research Division


2010 2011


Billions of dollars

Retail Money

Institutional Money


Institutional and Retail Money Funds

500

700

900

1100

1300

1500

1700

1900

2100

2010 2011


Billions of dollars


Total Borrowings from Federal Reserve Banks

Note: Total borrowings include loans to depository institutions for primary, secondary, and seasonal credit, primary dealer and other broker-dealer credit.This category also contains asset-backed commercial paper money market mutual fund liquidity facility, credit extended to American InternationalGroup, Inc.,net, term asset-backed securities loan facility, and other credit extensions. Term auction credit is excluded.

0

10

20

30

40

50

60

70

80




10/06/11

20

Research Division


2010 2011


Billions of dollars Billions of dollars

Bank Credit (left scale)

Loans and Leases (right scale)

All Commercial Banks in the United States, Seasonally Adjusted

Bank Loans and Credit

8050

8300

8550

8800

9050

9300

9550

6250

6500

6750

7000

7250

7500

7750

2010 2011


Billions of dollars Billions of dollars

Large Banks (right scale)All Banks (left scale)

Seasonally Adjusted

Commercial and Industrial Loans

1175

1200

1225

1250

1275

1300

575

600

625

650

675

700




21

Research Division


2010 2011


Billions of dollars

Seasonally Adjusted

Commercial Paper Outstanding of Nonfinancial Companies

110

120

130

140

150

160

170

180

190

2010 2011


Billions of dollars

Seasonally Adjusted

Commercial Paper Outstanding: Financial and Asset-Backed

Asset-Backed

Financial

300

400

500

600

700




10/06/11

22

Research Division


30-Day 2-Year 3-Month 2-Year 5-Year 10-Year 30-Year

Comm. 90-Day Interest Corporate Corporate Municipal Federal Treasury Treasury Treasury Treasury Treasury

Paper CDs Rate Swap Aaa Bonds Baa Bonds Bonds Funds Bill Securities Securities Securities Securities

Jul 15 0.09 0.21 0.64 4.89 5.71 4.51 0.07 0.02 0.37 1.48 2.94 4.21

22 0.08 0.23 0.65 4.91 5.75 4.46 0.06 0.03 0.39 1.50 2.97 4.26

29 0.10 0.25 0.62 4.84 5.72 4.47 0.06 0.07 0.41 1.50 2.97 4.25

Aug 5 0.14 0.30 0.56 4.43 5.38 4.19 0.12 0.04 0.32 1.23 2.62 3.88

12 0.11 0.28 0.47 4.32 5.31 3.97 0.09 0.03 0.21 0.99 2.27 3.66

19 0.09 0.29 0.45 4.31 5.29 3.83 0.10 0.02 0.20 0.93 2.17 3.57

26 0.10 0.30 0.51 4.37 5.40 4.09 0.09 0.01 0.22 0.97 2.19 3.53

Sep 2 0.09 0.31 0.50 4.34 5.40 4.14 0.09 0.02 0.20 0.93 2.17 3.52

9 0.09 0.31 0.52 4.11 5.24 4.05 0.08 0.02 0.20 0.87 1.99 3.30

16 0.09 0.32 0.52 4.14 5.33 4.07 0.09 0.01 0.20 0.91 2.03 3.32

23 0.09 0.34 0.49 3.98 5.18 3.85 0.09 0.01 0.20 0.85 1.87 3.02

30 0.07 0.35 0.54 4.06 5.31 3.93 0.08 0.02 0.26 0.96 1.97 3.02

Oct 7 0.09 0.36 0.62 3.84 5.18 . 0.09 0.01 0.25 0.91 1.84 2.80

Interest RatesPercent

*

*Averages of rates available

Small Retail Institutional

M2 MZM Currency Time Savings Money Money

Aug 15 9522.0 10430 975.9 812.1 5905.5 718.7 1719.8

22 9540.0 10442 977.9 808.7 5905.1 723.3 1710.7

29 9570.4 10468 979.6 805.6 5924.1 716.8 1703.5

Sep 5 9591.4 10519 979.6 803.1 5933.2 718.7 1730.4

12 9584.2 10505 982.0 799.2 5965.1 713.8 1720.2

19 9569.8 10498 982.8 795.2 5957.5 711.4 1723.7

26 9603.6 10533 982.8 792.7 5958.2 715.9 1722.0

Money Stock and ComponentsBillions of dollars, seasonally adjusted

C&I C&I Comm.

Bank Loans and Loans Loans Paper TotalCredit Leases (All) (Large) (sa) Borrowings

Aug 24 9293.4 6825.1 1297.0 667.8 176.2 11.761

31 9278.1 6815.3 1299.7 670.7 170.7 11.698

Sep 7 9302.7 6834.8 1298.2 670.5 176.9 11.672

14 9280.1 6801.0 1295.0 669.5 171.4 11.660

21 9274.7 6801.0 1295.0 671.5 187.2 11.568

28 . . . . 180.9 11.451

Oct 5 . . . . 184.0 11.406

Bank Loans and CreditBillions of dollars, seasonally adjusted

AdjustedMonetary Adjusted

Base Reserves

Jul 13 2725.274 1733.19

27 2710.802 1718.55

Aug 10 2704.462 1735.78

24 2689.191 1701.02

Sep 7 2672.528 1687.69

21 2684.771 1703.90

Oct 5 2656.784 .

Reserves and BaseBillions of dollars, seasonally adjusted

Major Broad Exchange Exchange

Exchange Exchange Rate: Rate:Rate Index Rate Index Euro/$ Yen/$

Aug 19 68.9 95.0 0.694 76.6

26 69.0 95.3 0.694 76.8

Sep 2 69.0 95.1 0.696 76.8

9 70.5 96.5 0.718 77.4

16 70.9 97.5 0.728 76.9

23 71.7 99.1 0.735 76.4

30 72.3 99.7 0.737 76.6

Exchange Rates





U.S. Financial Data

Page 19: Data appear in the Federal Reserve Board’s H.6 and H.4.1

releases. Retail Money Funds are included in M2. Institutional

Money Funds are not part of M2; they used to be included in M3,

which was discontinued as of March 23, 2006.

See www.federalreserve.gov/releases/h6/discm3.htm.

Total Borrowings include loans to depository institutions for (i)

primary, secondary, and seasonal credit and (ii) primary dealer and

other broker-dealer credit. This category also includes the asset-backed commercial paper money market mutual fund liquidity facility,

credit extended to American International Group, Inc., term asset-

backed securities loan facility, and other credit extensions. Term auc-

tion credit is excluded. Data and recent information regarding Federal

Reserve lending programs appear in the Federal Reserve Board's

H.4.1 release at http://www.federalreserve.gov/releases/h41/Current/.

Page 20: Data appear in the Federal Reserve Board’s H.8 release.

Bank Loans and Credit include foreign-related institutions. Bank

Credit includes loans and leases and securities. All Banks includes

foreign-related institutions. Large Banks are domestically chartered

banks (adjusted for mergers) and report on a weekly basis.

Page 21: Current data appear at

www.federalreserve.gov/releases/cp/outstandings.htm.

Page 22: Treasury Security yields are Treasury constant maturities

as reported in the Board of Governors of the Federal Reserve

System’s H.15 release.

The 3-Month Treasury Bill yield is the secondary market yield from

the H.15 release. Federal Funds represents seven-day averages for

the week ending two days earlier than the date shown in the table.

Municipal Bonds represents Bond Buyer’s Average Index of 20

municipal bonds, Thursday data.

Sources Board of Governors of the Federal Reserve System

Monetary aggregates and components: H.6 release. Bank credit: H.8

release. Total Borrowings and Federal Reserve Balance Sheet

Items: H.4.1 release. Interest rates: H.15 release. Exchange rates:

H.10 release. Commercial paper: Board of Governors web site.

Chicago Board of Trade

Federal funds futures contract.

Dow Jones Indexes

Dow Jones Industrial Average.


Adjusted monetary base, adjusted reserves, and MZM.

NASDAQ Stock Market, Incorporated

NASDAQ Composite®.

Standard & Poor’s

Standard & Poor’s 500 composite index.

U.S. Department of the TreasuryU.S. inflation-indexed security yields.

Wall Street Journal

Jumbo mortgage interest rates, oil (West Texas intermediate) and

natural gas (Henry Hub) spot and futures prices.

Wilshire Associates Incorporated (www.wilshire.com)

Wilshire 5000®.

ReferencesAnderson, Richard G. and Robert H. Rasche (1996a). “A Revised

Measure of the St. Louis Adjusted Monetary Base,” Federal

Reserve Bank of St. Louis Review, March/April, 78(2), pp. 3-13.

____ and ____(1996b). “Measuring the Adjusted Monetary Base in

an Era of Financial Change,” Federal Reserve Bank of St. Louis

Review, November/ December, 78(6), pp. 3-37.

____ and ____(2001). “Retail Sweep Programs and Bank Reserves,

1994-1999,” Federal Reserve Bank of St. Louis Review,

January/February, pp. 51-72.

____ and ____ , with Jeffrey Loesel (2003). “A Reconstruction of the

Federal Reserve Bank of St. Louis Adjusted Monetary Base and

Reserves,” Federal Reserve Bank of St. Louis Review,

September/October, 85(5), pp. 39-70.

Motley, Brian (1988). “Should M2 Be Redefined?” Federal Reserve

Bank of San Francisco Economic Review, Winter, pp. 33-51.

Poole, William (1991). Statement before the Subcommittee on

Domestic Monetary Policy of the Committee on Banking, Finance

and Urban Affairs, U.S. House of Representatives, November 6,

1991. Government Printing Office, Serial No. 102-82.

Note: Articles from this Bank’s Review are available on the Internet

at research.stlouisfed.org/publications/review/.

Documents

US Financial Data Weekly - St. Louis Fed