Title: Real User Cost Index of MSI-M2M (alternative) Series ID: OCM2MA Source: Federal Reserve Bank of St. Louis Release: Monetary Services Index (MSI) (Not a Press Release) Seasonal Adjustment: Not Seasonally Adjusted Frequency: Monthly Units: Percent Date Range: 1967-01-01 to 2013-04-01 Last Updated: 2013-05-17 9:01 AM CDT Notes: Preferred benchmark rate equals 100 basis points plus the largest rate in the set of rates. Alternative benchmark rate equals the larger of the preferred benchmark rate and the Baa corporate bond yield. DATE VALUE 1967-01-01 0.0302 1967-02-01 0.0276 1967-03-01 0.0272 1967-04-01 0.0237 1967-05-01 0.0238 1967-06-01 0.0264 1967-07-01 0.0255 1967-08-01 0.0262 1967-09-01 0.0263 1967-10-01 0.0281 1967-11-01 0.0313 1967-12-01 0.0330 1968-01-01 0.0302 1968-02-01 0.0289 1968-03-01 0.0329 1968-04-01 0.0321 1968-05-01 0.0360 1968-06-01 0.0365 1968-07-01 0.0333 1968-08-01 0.0311 1968-09-01 0.0307 1968-10-01 0.0337 1968-11-01 0.0361 1968-12-01 0.0379 1969-01-01 0.0401 1969-02-01 0.0439 1969-03-01 0.0466 1969-04-01 0.0462 1969-05-01 0.0528 1969-06-01 0.0626 1969-07-01 0.0614 1969-08-01 0.0601 1969-09-01 0.0626 1969-10-01 0.0557 1969-11-01 0.0586 1969-12-01 0.0625 1970-01-01 0.0555 1970-02-01 0.0515 1970-03-01 0.0482 1970-04-01 0.0450 1970-05-01 0.0477 1970-06-01 0.0511 1970-07-01 0.0472 1970-08-01 0.0446 1970-09-01 0.0443 1970-10-01 0.0439 1970-11-01 0.0442 1970-12-01 0.0426 1971-01-01 0.0402 1971-02-01 0.0381 1971-03-01 0.0388 1971-04-01 0.0389 1971-05-01 0.0399 1971-06-01 0.0407 1971-07-01 0.0408 1971-08-01 0.0472 1971-09-01 0.0460 1971-10-01 0.0388 1971-11-01 0.0381 1971-12-01 0.0381 1972-01-01 0.0372 1972-02-01 0.0373 1972-03-01 0.0375 1972-04-01 0.0376 1972-05-01 0.0375 1972-06-01 0.0373 1972-07-01 0.0375 1972-08-01 0.0372 1972-09-01 0.0366 1972-10-01 0.0364 1972-11-01 0.0359 1972-12-01 0.0355 1973-01-01 0.0353 1973-02-01 0.0506 1973-03-01 0.0477 1973-04-01 0.0495 1973-05-01 0.0465 1973-06-01 0.0482 1973-07-01 0.0572 1973-08-01 0.0632 1973-09-01 0.0614 1973-10-01 0.0568 1973-11-01 0.0534 1973-12-01 0.0591 1974-01-01 0.0512 1974-02-01 0.0458 1974-03-01 0.0495 1974-04-01 0.0573 1974-05-01 0.0642 1974-06-01 0.0667 1974-07-01 0.0746 1974-08-01 0.0753 1974-09-01 0.0702 1974-10-01 0.0598 1974-11-01 0.0545 1974-12-01 0.0557 1975-01-01 0.0520 1975-02-01 0.0511 1975-03-01 0.0501 1975-04-01 0.0507 1975-05-01 0.0512 1975-06-01 0.0508 1975-07-01 0.0503 1975-08-01 0.0505 1975-09-01 0.0506 1975-10-01 0.0507 1975-11-01 0.0503 1975-12-01 0.0503 1976-01-01 0.0494 1976-02-01 0.0483 1976-03-01 0.0476 1976-04-01 0.0465 1976-05-01 0.0460 1976-06-01 0.0462 1976-07-01 0.0457 1976-08-01 0.0446 1976-09-01 0.0431 1976-10-01 0.0424 1976-11-01 0.0420 1976-12-01 0.0413 1977-01-01 0.0411 1977-02-01 0.0414 1977-03-01 0.0413 1977-04-01 0.0410 1977-05-01 0.0406 1977-06-01 0.0400 1977-07-01 0.0397 1977-08-01 0.0394 1977-09-01 0.0393 1977-10-01 0.0399 1977-11-01 0.0402 1977-12-01 0.0404 1978-01-01 0.0416 1978-02-01 0.0417 1978-03-01 0.0422 1978-04-01 0.0425 1978-05-01 0.0436 1978-06-01 0.0462 1978-07-01 0.0477 1978-08-01 0.0464 1978-09-01 0.0498 1978-10-01 0.0565 1978-11-01 0.0650 1978-12-01 0.0661 1979-01-01 0.0644 1979-02-01 0.0602 1979-03-01 0.0593 1979-04-01 0.0585 1979-05-01 0.0593 1979-06-01 0.0573 1979-07-01 0.0583 1979-08-01 0.0623 1979-09-01 0.0688 1979-10-01 0.0800 1979-11-01 0.0821 1979-12-01 0.0793 1980-01-01 0.0781 1980-02-01 0.0842 1980-03-01 0.1023 1980-04-01 0.0967 1980-05-01 0.0714 1980-06-01 0.0628 1980-07-01 0.0630 1980-08-01 0.0662 1980-09-01 0.0691 1980-10-01 0.0746 1980-11-01 0.0909 1980-12-01 0.1131 1981-01-01 0.1069 1981-02-01 0.0929 1981-03-01 0.0831 1981-04-01 0.0871 1981-05-01 0.1043 1981-06-01 0.1022 1981-07-01 0.1059 1981-08-01 0.1014 1981-09-01 0.0972 1981-10-01 0.0901 1981-11-01 0.0821 1981-12-01 0.0856 1982-01-01 0.0891 1982-02-01 0.0883 1982-03-01 0.0856 1982-04-01 0.0851 1982-05-01 0.0844 1982-06-01 0.0867 1982-07-01 0.0863 1982-08-01 0.0855 1982-09-01 0.0828 1982-10-01 0.0775 1982-11-01 0.0755 1982-12-01 0.0749 1983-01-01 0.0738 1983-02-01 0.0740 1983-03-01 0.0715 1983-04-01 0.0689 1983-05-01 0.0674 1983-06-01 0.0690 1983-07-01 0.0685 1983-08-01 0.0697 1983-09-01 0.0691 1983-10-01 0.0686 1983-11-01 0.0700 1983-12-01 0.0710 1984-01-01 0.0699 1984-02-01 0.0695 1984-03-01 0.0721 1984-04-01 0.0739 1984-05-01 0.0763 1984-06-01 0.0779 1984-07-01 0.0778 1984-08-01 0.0734 1984-09-01 0.0712 1984-10-01 0.0690 1984-11-01 0.0674 1984-12-01 0.0691 1985-01-01 0.0697 1985-02-01 0.0698 1985-03-01 0.0732 1985-04-01 0.0721 1985-05-01 0.0706 1985-06-01 0.0664 1985-07-01 0.0672 1985-08-01 0.0677 1985-09-01 0.0676 1985-10-01 0.0665 1985-11-01 0.0635 1985-12-01 0.0603 1986-01-01 0.0592 1986-02-01 0.0566 1986-03-01 0.0523 1986-04-01 0.0509 1986-05-01 0.0526 1986-06-01 0.0533 1986-07-01 0.0528 1986-08-01 0.0540 1986-09-01 0.0552 1986-10-01 0.0561 1986-11-01 0.0548 1986-12-01 0.0538 1987-01-01 0.0518 1987-02-01 0.0514 1987-03-01 0.0514 1987-04-01 0.0549 1987-05-01 0.0583 1987-06-01 0.0582 1987-07-01 0.0589 1987-08-01 0.0604 1987-09-01 0.0642 1987-10-01 0.0659 1987-11-01 0.0628 1987-12-01 0.0633 1988-01-01 0.0617 1988-02-01 0.0584 1988-03-01 0.0582 1988-04-01 0.0609 1988-05-01 0.0618 1988-06-01 0.0611 1988-07-01 0.0615 1988-08-01 0.0618 1988-09-01 0.0588 1988-10-01 0.0546 1988-11-01 0.0548 1988-12-01 0.0554 1989-01-01 0.0549 1989-02-01 0.0568 1989-03-01 0.0615 1989-04-01 0.0590 1989-05-01 0.0545 1989-06-01 0.0534 1989-07-01 0.0515 1989-08-01 0.0485 1989-09-01 0.0489 1989-10-01 0.0478 1989-11-01 0.0473 1989-12-01 0.0476 1990-01-01 0.0491 1990-02-01 0.0510 1990-03-01 0.0516 1990-04-01 0.0523 1990-05-01 0.0532 1990-06-01 0.0515 1990-07-01 0.0516 1990-08-01 0.0537 1990-09-01 0.0557 1990-10-01 0.0568 1990-11-01 0.0560 1990-12-01 0.0546 1991-01-01 0.0560 1991-02-01 0.0541 1991-03-01 0.0545 1991-04-01 0.0543 1991-05-01 0.0544 1991-06-01 0.0556 1991-07-01 0.0553 1991-08-01 0.0537 1991-09-01 0.0531 1991-10-01 0.0539 1991-11-01 0.0552 1991-12-01 0.0554 1992-01-01 0.0577 1992-02-01 0.0601 1992-03-01 0.0609 1992-04-01 0.0612 1992-05-01 0.0613 1992-06-01 0.0611 1992-07-01 0.0607 1992-08-01 0.0600 1992-09-01 0.0606 1992-10-01 0.0633 1992-11-01 0.0645 1992-12-01 0.0632 1993-01-01 0.0621 1993-02-01 0.0601 1993-03-01 0.0584 1993-04-01 0.0587 1993-05-01 0.0596 1993-06-01 0.0585 1993-07-01 0.0574 1993-08-01 0.0547 1993-09-01 0.0526 1993-10-01 0.0525 1993-11-01 0.0557 1993-12-01 0.0561 1994-01-01 0.0559 1994-02-01 0.0569 1994-03-01 0.0600 1994-04-01 0.0631 1994-05-01 0.0635 1994-06-01 0.0632 1994-07-01 0.0642 1994-08-01 0.0634 1994-09-01 0.0650 1994-10-01 0.0664 1994-11-01 0.0667 1994-12-01 0.0640 1995-01-01 0.0635 1995-02-01 0.0609 1995-03-01 0.0593 1995-04-01 0.0585 1995-05-01 0.0551 1995-06-01 0.0526 1995-07-01 0.0539 1995-08-01 0.0555 1995-09-01 0.0533 1995-10-01 0.0517 1995-11-01 0.0511 1995-12-01 0.0496 1996-01-01 0.0497 1996-02-01 0.0517 1996-03-01 0.0554 1996-04-01 0.0571 1996-05-01 0.0582 1996-06-01 0.0590 1996-07-01 0.0585 1996-08-01 0.0571 1996-09-01 0.0585 1996-10-01 0.0561 1996-11-01 0.0537 1996-12-01 0.0547 1997-01-01 0.0565 1997-02-01 0.0553 1997-03-01 0.0573 1997-04-01 0.0585 1997-05-01 0.0571 1997-06-01 0.0554 1997-07-01 0.0532 1997-08-01 0.0537 1997-09-01 0.0526 1997-10-01 0.0515 1997-11-01 0.0503 1997-12-01 0.0494 1998-01-01 0.0484 1998-02-01 0.0490 1998-03-01 0.0498 1998-04-01 0.0501 1998-05-01 0.0499 1998-06-01 0.0483 1998-07-01 0.0485 1998-08-01 0.0484 1998-09-01 0.0481 1998-10-01 0.0496 1998-11-01 0.0517 1998-12-01 0.0514 1999-01-01 0.0523 1999-02-01 0.0535 1999-03-01 0.0550 1999-04-01 0.0548 1999-05-01 0.0571 1999-06-01 0.0598 1999-07-01 0.0590 1999-08-01 0.0605 1999-09-01 0.0606 1999-10-01 0.0621 1999-11-01 0.0598 1999-12-01 0.0598 2000-01-01 0.0610 2000-02-01 0.0603 2000-03-01 0.0610 2000-04-01 0.0610 2000-05-01 0.0650 2000-06-01 0.0605 2000-07-01 0.0592 2000-08-01 0.0583 2000-09-01 0.0591 2000-10-01 0.0590 2000-11-01 0.0583 2000-12-01 0.0560 2001-01-01 0.0562 2001-02-01 0.0567 2001-03-01 0.0574 2001-04-01 0.0606 2001-05-01 0.0621 2001-06-01 0.0621 2001-07-01 0.0629 2001-08-01 0.0623 2001-09-01 0.0649 2001-10-01 0.0657 2001-11-01 0.0662 2001-12-01 0.0693 2002-01-01 0.0682 2002-02-01 0.0688 2002-03-01 0.0709 2002-04-01 0.0703 2002-05-01 0.0708 2002-06-01 0.0696 2002-07-01 0.0692 2002-08-01 0.0666 2002-09-01 0.0651 2002-10-01 0.0684 2002-11-01 0.0680 2002-12-01 0.0670 2003-01-01 0.0664 2003-02-01 0.0639 2003-03-01 0.0631 2003-04-01 0.0625 2003-05-01 0.0583 2003-06-01 0.0568 2003-07-01 0.0613 2003-08-01 0.0650 2003-09-01 0.0630 2003-10-01 0.0626 2003-11-01 0.0619 2003-12-01 0.0613 2004-01-01 0.0600 2004-02-01 0.0584 2004-03-01 0.0570 2004-04-01 0.0602 2004-05-01 0.0629 2004-06-01 0.0632 2004-07-01 0.0615 2004-08-01 0.0598 2004-09-01 0.0578 2004-10-01 0.0570 2004-11-01 0.0567 2004-12-01 0.0559 2005-01-01 0.0544 2005-02-01 0.0523 2005-03-01 0.0543 2005-04-01 0.0536 2005-05-01 0.0529 2005-06-01 0.0513 2005-07-01 0.0520 2005-08-01 0.0517 2005-09-01 0.0521 2005-10-01 0.0543 2005-11-01 0.0548 2005-12-01 0.0539 2006-01-01 0.0529 2006-02-01 0.0529 2006-03-01 0.0541 2006-04-01 0.0563 2006-05-01 0.0567 2006-06-01 0.0568 2006-07-01 0.0563 2006-08-01 0.0546 2006-09-01 0.0533 2006-10-01 0.0532 2006-11-01 0.0530 2006-12-01 0.0528 2007-01-01 0.0532 2007-02-01 0.0532 2007-03-01 0.0527 2007-04-01 0.0527 2007-05-01 0.0529 2007-06-01 0.0553 2007-07-01 0.0547 2007-08-01 0.0545 2007-09-01 0.0541 2007-10-01 0.0534 2007-11-01 0.0530 2007-12-01 0.0557 2008-01-01 0.0552 2008-02-01 0.0599 2008-03-01 0.0616 2008-04-01 0.0633 2008-05-01 0.0625 2008-06-01 0.0638 2008-07-01 0.0646 2008-08-01 0.0645 2008-09-01 0.0661 2008-10-01 0.0809 2008-11-01 0.0846 2008-12-01 0.0784 2009-01-01 0.0767 2009-02-01 0.0766 2009-03-01 0.0799 2009-04-01 0.0800 2009-05-01 0.0773 2009-06-01 0.0720 2009-07-01 0.0683 2009-08-01 0.0636 2009-09-01 0.0613 2009-10-01 0.0612 2009-11-01 0.0616 2009-12-01 0.0625 2010-01-01 0.0614 2010-02-01 0.0623 2010-03-01 0.0617 2010-04-01 0.0615 2010-05-01 0.0597 2010-06-01 0.0614 2010-07-01 0.0593 2010-08-01 0.0561 2010-09-01 0.0561 2010-10-01 0.0567 2010-11-01 0.0586 2010-12-01 0.0602 2011-01-01 0.0603 2011-02-01 0.0607 2011-03-01 0.0597 2011-04-01 0.0596 2011-05-01 0.0573 2011-06-01 0.0571 2011-07-01 0.0572 2011-08-01 0.0534 2011-09-01 0.0526 2011-10-01 0.0535 2011-11-01 0.0513 2011-12-01 0.0524 2012-01-01 0.0522 2012-02-01 0.0514 2012-03-01 0.0522 2012-04-01 0.0518 2012-05-01 0.0506 2012-06-01 0.0502 2012-07-01 0.0488 2012-08-01 0.0491 2012-09-01 0.0485 2012-10-01 0.0460 2012-11-01 0.0453 2012-12-01 0.0465 2013-01-01 0.0474 2013-02-01 0.0485 2013-03-01 0.0485 2013-04-01 0.0460