Financial Data Tools
The St. Louis Fed is home to FRED® (Federal Reserve Economic Data), a publicly available database of more than 800,000 U.S. and international economic time series. The charts in this section and the publications listed below make select FRED data series related to the credit crisis readily available.
Federal Reserve Bank of St. Louis Data Publications
International Economic Trends
A compilation of data on the G-7 countries and the euro area. A brief essay in each issue covers a topic relevant to international economics.
A review of U.S. monetary and financial conditions, with an emphasis on various measures of the monetary policy stance. A brief essay in each issue covers a current topic on money, financial markets, or a related issue.
National Economic Trends
A snapshot, primarily graphical, of the state of the U.S. economy. A brief essay in each issue covers a topic of current interest.
United States Financial Data
Charts and tables relating to weekly monetary and reserve aggregates, selected interest rates, commercial bank loans and more.
FRED Data Tools
Daily Fed Funds Rate
The daily fed funds rate (or effective fed funds rate) is the interest rate that depository institutions charge one another for overnight loans of deposits at the Federal Reserve. The Board of Governors updates this data daily in its H.15 Statistical Release. The Federal Open Market Committee (FOMC) sets the target for the fed funds rate. On Dec. 16, 2008, the FOMC replaced its traditional target rate with a target range between 0-0.25 percent, which it left unchanged on January 28, 2009.
Yield on 10-Year US Treasury Securities
The current market interest rate (yield) on U.S. Treasury securities that mature 10 years in the future. The Board of Governors updates this data daily in its H.15 statistical release.
Yield on Baa-rated Corporate Bonds
Moody's Baa Corporate Bond Index reflects the average yield of constituent corporate bonds that have been given Moody's Baa credit rating. Corporate bonds can receive ratings that range from a high of Aaa to a low of C. Bonds given the Baa rating are considered as medium-grade obligations, meaning they are neither highly protected nor poorly secured. Bonds rated Baa and above are considered investment grade.
Yield on One-Month AA Financial Commercial Paper
Commercial paper is sold by financial institutions as an alternative to borrowing from banks or other institutions. These short-term promissory notes are used for operation expenses such as payroll and rent. The One-Month AA Financial Commercial Paper Rate is updated daily by the Board of Governors in its H.15 release and shows the rate on one-month papers issued by highly rated (AA) financial companies. See the Fed's Commercial Paper report for more information.
Yield on One-Month AA Nonfinancial Commercial Paper
Commercial paper is sold by nonfinancial institutions as an alternative to borrowing from banks or other institutions. These short-term promissory notes are used for operation expenses such as payroll and rent. The One-Month AA Nonfinancial Commercial Paper Rate is updated daily by the Board of Governors in its H.15 release and shows the rate on one-month papers issued by highly rated (AA) nonfinancial companies. See the Fed's Commercial Paper report for more information.
Bank credit is a category on the asset side of a bank's balance sheet. It is the sum of (i) Treasury, Agency, and other securities, and (ii) loans and leases. In December 2008, bank credit comprised 81 percent of total assets of commercial banks in the United States. Additional information can be found in the Federal Reserve's H.8 release.
Commercial and Industrial Loans
Commercial and Industrial (C&I) loans are extensions of credit for commercial and industrial purposes to sole proprietorships, partnerships, corporations, and other business enterprises, whether secured (other than by real estate) or unsecured, single-payment or installment. C&I loans comprised about 22 percent of loans and leases in December 2008.
Consumer loans are extensions of credit extended to individuals and are comprised of credit cards, other revolving credit plans, and other consumer loans including single payment, installment, and all student loans. Consumer loans comprised about 12 percent of loans and leases in December 2008.
Real Estate Loans
Real Estate Loans consist of loans to individuals and businesses that are secured by real estate. The loans may be secured by a first or second lien, they may be open-end or closed-end, and the collateral may consist of 1-4 family homes, multifamily properties, farmland, or nonfarm nonresidential properties. Real estate loans include credit to purchase commercial real estate and to fund construction and land development. Real estate loans comprised about 53 percent of loans and leases in December 2008.
Adjusted Monetary Base
The Adjusted Monetary Base is the sum of currency (including coin) in circulation outside Federal Reserve Banks and the U.S. Treasury, plus deposits held by depository institutions at Federal Reserve Banks. These data are adjusted for the effects of changes in statutory reserve requirements on the quantity of base money held by depositories. They are updated monthly by the Federal Reserve Bank of St. Louis.
Asset-Backed Commercial Paper Money Market Mutual Fund (AMLF)
The Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility is a lending facility that provides funding to U.S. depository institutions and bank holding companies to finance their purchases of high-quality asset-backed commercial paper (ABCP) from money market mutual funds under certain conditions. The program is intended to assist money funds that hold such paper in meeting demands for redemptions by investors and to foster liquidity in the ABCP market and money markets more generally. See the Fed's Discount Window web site for more Information.
Central Bank Liquidity Swaps
Central Bank Liquidity Swaps shows the outstanding value of central bank liquidity swaps. This value equals the sum of the dollar value of the outstanding swap drawings. The Federal Reserve H.4.1 Release contains additional information.
Federal Agency Debt Securities
Federal Agency Debt Securities represents the face value of securities held by the Federal Reserve. Agency securities are obligations of the Federal government agencies or government sponsored agencies. For more information, see the Open Market Operations of the New York Federal Reserve .
M2 Monetary Aggregate
M2 is a measure of the U.S. money stock that includes M1 (currency and coins held by the non-bank public, checkable deposits, and travelers' checks) plus savings deposits (including money market deposit accounts), small time deposits under $100,000, and shares in retail money market mutual funds. The Board of Governors releases M2 data weekly in its H.6 Statistical Release.
Maiden Lane LLC
Maiden Lane LLC was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets.
Maiden Lane II LLC
Maiden Lane II was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group (AIG).
Maiden Lane III LLC
Maiden Lane III was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group (AIG) has written credit default swap (CDS) contracts.
Net Portfolio Holdings of the Commercial Paper Funding Facility
The Commercial Paper Funding Facility (CPFF) is designed to provide a liquidity backstop to U.S. issuers of commercial paper. The CPFF is intended to improve liquidity in short-term funding markets and thereby contribute to greater availability of credit for businesses and households. The Board of Governors updates this data weekly in its H.4.1 Statistical Release.
Primary Dealer and Other Broker-Dealer Credit
Primary Dealer and Other Broker-Dealer Credit includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers.
Reserve Balances with Federal Reserve Banks
Reserve Balances with Federal Reserve Banks is the amount of money that depository institutions maintain in their accounts at their regional Federal Reserve Banks. This data is updated weekly in the Board of Governor's H.4.1 Statisical Release.
Reserve Bank Holdings of Mortgage-backed Securities
Reserve Bank Holdings of Mortgage-backed Securities is the current face value of the System's holdings of mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae. More information can be found at the New York Fed .
Term Auction Credit (Weekly)
Term Auction Credit is the total amount to date that the Fed has lent to depository institutions through its temporary Term Auction Facility (TAF). The Board of Governors updates this data weekly in its H.4.1 Statistical Release.
Total Borrowings from Federal Reserve Banks
Total Borrowings of Depository Institutions from the Federal Reserve include loans to depository institutions for (i) primary, secondary, and seasonal credit and (ii) primary dealer and other broker-dealer credit. Updated weekly by the Board of Governors in its H.4.1 release, the data also include credit extended through the asset-backed commercial paper money market mutual fund liquidity facility, credit extended to American International Group, and other credit extensions. Term auction credit is excluded.