DATA FILE FOR ANDERSON'S MBS PAPER- NOVEMBER 1993 All data are as of October 16, 1993 The following data are from RAWDATA1.WK1, used in the RATS program called RATSPRG1.PRG. These data are also used in some of the figures. m1sa = M1 money stock, seasonally adjusted m2sa = M2 money stock, seasonally adjusted ddansa = Demand deposits, not seasonally adjusted ddasa = Demand deposits, seasonally adjusted Data from Federal Reserve Board of Governors m1sa m2sa ddansa ddasa Jan-80 386.10 1507.30 264.30 259.00 Feb-80 389.80 1520.30 254.00 261.30 Mar-80 389.20 1527.10 253.90 259.60 Apr-80 383.70 1523.80 256.80 253.00 May-80 383.10 1532.30 246.80 251.50 Jun-80 388.40 1552.10 253.50 254.40 Jul-80 392.90 1572.80 257.40 256.50 Aug-80 400.20 1589.90 258.80 261.40 Sep-80 405.80 1604.30 263.80 264.70 Oct-80 410.40 1617.00 268.00 267.20 Nov-80 413.20 1629.30 268.60 266.40 Dec-80 408.80 1629.50 270.20 261.20 Jan-81 411.70 1639.70 253.50 248.30 Feb-81 414.40 1651.10 234.10 240.80 Mar-81 419.00 1670.00 233.60 238.70 Apr-81 427.30 1690.90 242.20 238.90 May-81 424.00 1696.10 231.20 235.50 Jun-81 424.10 1704.90 232.50 233.20 Jul-81 426.10 1717.70 233.40 232.60 Aug-81 427.80 1734.40 230.50 232.90 Sep-81 428.40 1745.40 230.40 231.40 Oct-81 429.70 1760.10 232.10 231.50 Nov-81 432.80 1776.80 233.20 231.10 Dec-81 436.50 1792.90 239.50 231.20 Jan-82 443.60 1811.90 239.20 234.40 Feb-82 441.20 1814.80 224.20 230.60 Mar-82 442.20 1827.00 224.30 229.20 Apr-82 447.00 1840.60 232.00 229.30 May-82 446.30 1852.10 224.30 228.20 Jun-82 447.10 1862.90 226.40 226.90 Jul-82 447.60 1874.30 227.00 226.10 Aug-82 452.00 1893.10 225.20 227.50 Sep-82 458.00 1909.00 228.30 229.40 Oct-82 466.40 1924.30 232.80 232.30 Nov-82 472.40 1937.90 235.90 233.80 Dec-82 474.60 1951.90 242.50 234.00 Jan-83 478.00 2007.00 239.10 234.20 Feb-83 483.30 2044.30 227.00 233.50 Mar-83 489.50 2063.60 229.40 234.70 Apr-83 493.90 2079.70 237.00 234.60 May-83 499.40 2095.20 232.30 236.30 Jun-83 503.30 2108.60 236.80 236.90 Jul-83 508.30 2120.90 239.70 238.60 Aug-83 510.90 2130.30 236.50 238.80 Sep-83 513.50 2143.00 237.60 238.70 Oct-83 518.60 2163.70 240.20 239.90 Nov-83 520.00 2176.30 240.90 238.80 Dec-83 521.40 2186.10 247.40 238.50 Jan-84 525.30 2200.80 245.30 240.20 Feb-84 526.90 2220.10 233.30 240.10 Mar-84 530.60 2234.40 234.80 240.60 Apr-84 534.20 2249.60 243.60 241.60 May-84 536.50 2263.90 237.10 241.30 Jun-84 540.40 2276.80 242.90 242.60 Jul-84 541.10 2286.60 243.40 242.00 Aug-84 541.30 2296.40 239.10 241.10 Sep-84 544.80 2312.40 241.20 242.30 Oct-84 544.30 2325.10 241.00 240.90 Nov-84 547.80 2349.50 244.10 242.00 Dec-84 552.50 2374.30 253.00 243.90 Jan-85 556.30 2399.70 249.80 244.50 Feb-85 562.70 2424.20 240.00 247.10 Mar-85 566.50 2434.30 241.40 247.80 Apr-85 570.20 2436.50 250.10 248.30 May-85 575.40 2452.40 246.30 250.80 Jun-85 583.50 2479.60 254.50 253.80 Jul-85 589.50 2496.10 257.00 255.30 Aug-85 597.00 2513.70 255.80 257.60 Sep-85 604.70 2529.30 260.50 261.60 Oct-85 608.20 2539.20 261.20 261.30 Nov-85 613.10 2552.40 264.50 262.30 Dec-85 620.20 2569.40 276.90 266.70 Jan-86 621.10 2574.30 270.70 264.90 Feb-86 624.80 2584.90 258.00 265.70 Mar-86 633.70 2604.20 262.90 270.20 Apr-86 641.20 2628.90 274.60 272.80 May-86 652.90 2655.60 272.40 277.70 Jun-86 661.10 2677.00 280.90 280.00 Jul-86 670.60 2704.00 285.20 283.10 Aug-86 680.30 2726.60 284.20 285.80 Sep-86 688.00 2746.20 286.10 287.50 Oct-86 695.40 2769.90 287.70 287.90 Nov-86 706.90 2785.70 294.70 292.20 Dec-86 724.60 2811.10 314.00 302.00 Jan-87 730.30 2830.10 305.70 299.20 Feb-87 730.80 2831.00 287.20 295.80 Mar-87 733.70 2834.60 286.80 294.90 Apr-87 744.00 2847.50 301.00 299.00 May-87 747.80 2852.60 294.00 300.20 Jun-87 742.90 2855.20 294.40 293.70 Jul-87 743.50 2861.70 294.30 292.10 Aug-87 746.60 2875.70 290.60 292.00 Sep-87 748.80 2891.10 289.20 290.70 Oct-87 757.30 2906.70 295.70 295.80 Nov-87 754.10 2908.20 294.20 291.50 Dec-87 750.00 2910.80 298.60 286.80 Jan-88 757.60 2935.10 295.90 289.80 Feb-88 758.40 2954.90 279.30 287.60 Mar-88 762.10 2972.40 280.00 287.70 Apr-88 769.40 2994.30 292.10 290.10 May-88 773.10 3012.60 283.10 289.50 Jun-88 778.60 3024.50 291.20 290.90 Jul-88 783.50 3032.50 293.00 291.00 Aug-88 784.10 3035.70 289.00 290.40 Sep-88 784.50 3039.20 287.50 289.30 Oct-88 785.40 3047.60 288.90 288.70 Nov-88 785.80 3063.00 290.10 287.30 Dec-88 786.90 3071.10 298.90 286.50 Jan-89 786.10 3075.10 290.50 284.60 Feb-89 785.60 3076.70 275.80 284.00 Mar-89 784.20 3083.50 276.00 283.40 Apr-89 781.00 3086.60 283.20 281.30 May-89 776.20 3089.20 273.50 280.10 Jun-89 773.20 3105.00 276.70 276.60 Jul-89 779.30 3131.80 281.80 280.00 Aug-89 780.00 3150.20 277.10 278.40 Sep-89 782.80 3167.20 276.30 278.20 Oct-89 788.60 3187.00 280.40 280.30 Nov-89 789.20 3206.50 281.50 278.40 Dec-89 794.10 3227.30 291.50 279.00 Jan-90 795.30 3238.80 282.90 277.10 Feb-90 800.70 3259.20 271.30 279.30 Mar-90 803.70 3271.00 271.60 278.70 Apr-90 807.30 3280.60 280.00 278.20 May-90 806.20 3283.60 269.00 275.60 Jun-90 809.70 3292.30 275.20 275.40 Jul-90 810.10 3300.20 277.30 275.60 Aug-90 816.20 3315.80 276.80 278.10 Sep-90 822.90 3331.00 278.10 280.10 Oct-90 822.30 3334.50 278.20 278.10 Nov-90 823.80 3333.70 280.60 277.40 Dec-90 826.10 3339.00 289.90 277.10 Jan-91 827.90 3353.70 277.80 274.10 Feb-91 833.20 3369.00 268.20 274.90 Mar-91 839.40 3386.20 270.30 275.60 Apr-91 841.30 3396.00 277.90 275.30 May-91 849.10 3407.20 271.90 277.80 Jun-91 857.60 3416.20 280.10 281.00 Jul-91 861.80 3415.90 281.10 280.50 Aug-91 867.90 3417.00 279.00 281.00 Sep-91 872.40 3418.10 278.50 280.70 Oct-91 879.50 3422.50 283.70 283.00 Nov-91 891.00 3435.80 290.90 287.40 Dec-91 899.20 3445.80 302.90 290.50 Jan-92 911.50 3451.00 299.90 296.30 Feb-92 926.20 3467.70 296.40 303.30 Mar-92 935.10 3467.80 302.60 308.00 Apr-92 941.20 3464.80 313.80 310.80 May-92 952.20 3467.50 308.30 314.70 Jun-92 952.60 3462.10 311.40 312.30 Jul-92 963.30 3463.70 317.70 317.50 Aug-92 975.50 3472.70 319.80 322.50 Sep-92 990.10 3480.70 326.10 329.00 Oct-92 1005.90 3492.10 336.70 336.00 Nov-92 1019.10 3498.70 343.90 339.50 Dec-92 1026.60 3497.80 355.30 340.90 Jan-93 1033.30 3488.80 346.20 341.90 Feb-93 1033.10 3477.20 334.30 341.90 Mar-93 1035.30 3474.60 336.30 342.00 Apr-93 1043.00 3477.30 350.60 347.30 May-93 1066.80 3507.70 352.00 359.10 Jun-93 1073.20 3514.90 359.50 360.60 Jul-93 1085.50 3521.30 365.50 365.80 Aug-93 1094.90 3526.80 367.50 370.80 Sep-93 1107.60 3534.50 373.00 376.50 The following data are from RAWDATA2.WK1, used in the RATS program called RATSPRG1.PRG. These data are also used in some of the figures. GNMA = GNMA securities outstanding GISSUE = GNMA securities issued FNMA = FNMA securities outstanding FISSUE = FNMA securities issued FHLMC = FHLMC securities outstanding FHISSUE= FHLMC securities issued Data from Federal Reserve Board of Governors GNMA GISSUE FNMA FISSUE FHLMC FHISSUE 01-Jan-72 3309.0 247.8 0.0 0.0 0.0 0.0 01-Feb-72 3611.0 316.2 0.0 0.0 0.0 0.0 01-Mar-72 3992.0 397.7 0.0 0.0 0.0 0.0 01-Apr-72 4250.0 275.2 0.0 0.0 0.0 0.0 01-May-72 4445.0 195.0 0.0 0.0 0.0 0.0 01-Jun-72 4619.0 210.9 0.0 0.0 0.0 0.0 01-Jul-72 4745.0 145.8 0.0 0.0 0.0 0.0 01-Aug-72 4863.0 140.4 0.0 0.0 0.0 0.0 01-Sep-72 4973.0 130.9 0.0 0.0 0.0 0.0 01-Oct-72 5007.0 161.3 0.0 0.0 0.0 0.0 01-Nov-72 5232.0 141.1 0.0 0.0 0.0 0.0 01-Dec-72 5504.0 299.8 0.0 0.0 0.0 0.0 01-Jan-73 5795.0 323.3 0.0 0.0 0.0 0.0 01-Feb-73 5983.0 216.8 0.0 0.0 0.0 0.0 01-Mar-73 6089.0 140.0 0.0 0.0 0.0 0.0 01-Apr-73 6228.0 182.1 0.0 0.0 0.0 0.0 01-May-73 6519.0 338.8 0.0 0.0 0.0 0.0 01-Jun-73 6791.0 315.3 0.0 0.0 0.0 0.0 01-Jul-73 7109.0 384.7 0.0 0.0 0.0 0.0 01-Aug-73 7235.0 191.3 0.0 0.0 0.0 0.0 01-Sep-73 7222.0 38.0 0.0 0.0 0.0 0.0 01-Oct-73 7413.0 240.9 0.0 0.0 0.0 0.0 01-Nov-73 7564.0 210.4 0.0 0.0 0.0 0.0 01-Dec-73 7890.0 371.0 0.0 0.0 0.0 0.0 01-Jan-74 8498.0 665.6 0.0 0.0 0.0 0.0 01-Feb-74 8916.0 463.2 0.0 0.0 0.0 0.0 01-Mar-74 9555.0 627.3 0.0 0.0 0.0 0.0 01-Apr-74 9949.0 514.0 0.0 0.0 0.0 0.0 01-May-74 10146.0 270.7 0.0 0.0 0.0 0.0 01-Jun-74 10225.0 148.3 0.0 0.0 0.0 0.0 01-Jul-74 10400.0 246.0 0.0 0.0 0.0 0.0 01-Aug-74 10715.0 367.6 0.0 0.0 0.0 0.0 01-Sep-74 10982.0 331.3 0.0 0.0 0.0 0.0 01-Oct-74 11192.0 260.9 0.0 0.0 0.0 0.0 01-Nov-74 11382.0 231.5 0.0 0.0 0.0 0.0 01-Dec-74 11769.0 426.6 0.0 0.0 0.0 0.0 01-Jan-75 12224.0 525.6 0.0 0.0 0.0 0.0 01-Feb-75 12917.0 737.6 0.0 0.0 0.0 0.0 01-Mar-75 13340.0 488.6 0.0 0.0 0.0 0.0 01-Apr-75 14296.0 1029.0 0.0 0.0 1166.0 0.0 01-May-75 14856.0 621.3 0.0 0.0 1195.0 0.0 01-Jun-75 15437.0 639.6 0.0 0.0 1193.0 0.0 01-Jul-75 15924.0 589.9 0.0 0.0 1246.0 0.0 01-Aug-75 16403.0 593.2 0.0 0.0 1308.0 0.0 01-Sep-75 16595.0 239.0 0.0 0.0 1323.0 0.0 01-Oct-75 17255.0 769.8 0.0 0.0 1371.0 0.0 01-Nov-75 17573.0 430.8 0.0 0.0 1581.0 0.0 01-Dec-75 18257.0 783.0 0.0 0.0 1598.0 0.0 01-Jan-76 19015.0 840.1 0.0 0.0 1638.0 0.0 01-Feb-76 19571.0 662.0 0.0 0.0 1915.0 0.0 01-Mar-76 20478.0 987.6 0.0 0.0 1999.0 0.0 01-Apr-76 21492.0 1103.0 0.0 0.0 2065.0 0.0 01-May-76 22435.0 1064.1 0.0 0.0 2110.0 0.0 01-Jun-76 23634.0 1306.2 0.0 0.0 2154.0 0.0 01-Jul-76 24799.0 1327.7 0.0 0.0 2208.0 0.0 01-Aug-76 25765.0 1126.7 0.0 0.0 2450.0 0.0 01-Sep-76 26725.0 1068.3 0.0 0.0 2506.0 0.0 01-Oct-76 28310.0 1725.9 0.0 0.0 2590.0 0.0 01-Nov-76 29386.0 1206.1 0.0 0.0 2644.0 0.0 01-Dec-76 30571.0 1346.6 0.0 0.0 2671.0 0.0 01-Jan-77 31737.0 1350.0 0.0 0.0 3068.0 0.0 01-Feb-77 33034.0 1677.9 0.0 0.0 3329.0 0.0 01-Mar-77 34260.0 1224.1 0.0 0.0 3570.0 0.0 01-Apr-77 34858.0 827.0 0.0 0.0 3913.0 0.0 01-May-77 35708.0 1088.9 0.0 0.0 4188.0 0.0 01-Jun-77 36573.0 1203.6 0.0 0.0 4461.0 0.0 01-Jul-77 37604.0 1426.5 0.0 0.0 4618.0 0.0 01-Aug-77 39622.0 2154.1 0.0 0.0 5016.0 0.0 01-Sep-77 41089.0 1788.7 0.0 0.0 5332.0 0.0 01-Oct-77 42322.0 1487.7 0.0 0.0 5622.0 0.0 01-Nov-77 43910.0 1568.8 0.0 0.0 6231.0 0.0 01-Dec-77 44896.0 1642.9 0.0 0.0 6610.0 0.0 01-Jan-78 45890.0 1327.4 0.0 0.0 7033.0 0.0 01-Feb-78 45325.0 929.0 0.0 0.0 7431.0 0.0 01-Mar-78 46357.0 1314.6 0.0 0.0 7471.0 0.0 01-Apr-78 46463.0 823.3 0.0 0.0 7861.0 0.0 01-May-78 47387.0 1254.5 0.0 0.0 8434.0 0.0 01-Jun-78 48033.0 998.9 0.0 0.0 9422.0 0.0 01-Jul-78 48663.0 996.8 0.0 0.0 10371.0 0.0 01-Aug-78 50051.0 1647.7 0.0 0.0 10224.0 0.0 01-Sep-78 50844.0 1202.8 0.0 0.0 10512.0 0.0 01-Oct-78 52095.0 1761.8 0.0 0.0 10987.0 0.0 01-Nov-78 53358.0 1721.1 0.0 0.0 11463.0 0.0 01-Dec-78 54347.0 1380.6 0.0 0.0 11892.0 0.0 01-Jan-79 56716.0 1702.5 0.0 0.0 12093.0 0.0 01-Feb-79 57878.0 1361.2 0.0 0.0 12462.0 0.0 01-Mar-79 59139.0 1464.6 0.0 0.0 12466.0 0.0 01-Apr-79 60202.0 1488.4 0.0 0.0 12790.0 0.0 01-May-79 61398.0 1673.2 0.0 0.0 13296.0 0.0 01-Jun-79 62841.0 1859.7 0.0 0.0 13562.0 0.0 01-Jul-79 64781.0 2032.4 0.0 0.0 13781.0 0.0 01-Aug-79 66736.0 2933.9 0.0 0.0 14200.0 0.0 01-Sep-79 69008.0 2640.2 0.0 0.0 14421.0 0.0 01-Oct-79 71456.0 2639.3 0.0 0.0 14838.0 0.0 01-Nov-79 73464.0 3250.1 0.0 0.0 14916.0 0.0 01-Dec-79 75787.0 1894.5 0.0 0.0 15180.0 0.0 01-Jan-80 78849.0 2610.9 0.0 0.0 15274.0 0.0 01-Feb-80 79900.0 1353.6 0.0 0.0 15397.0 0.0 01-Mar-80 80843.0 1125.5 0.0 0.0 15454.0 0.0 01-Apr-80 82419.0 1778.5 0.0 0.0 15613.0 0.0 01-May-80 83385.0 1126.9 0.0 0.0 15949.0 0.0 01-Jun-80 84282.0 1319.8 0.0 0.0 16120.0 0.0 01-Jul-80 85634.0 1874.2 0.0 0.0 16370.0 0.0 01-Aug-80 88031.0 2215.2 0.0 0.0 16658.0 0.0 01-Sep-80 89452.0 1807.1 0.0 0.0 16852.0 0.0 01-Oct-80 91425.0 2255.3 0.0 0.0 16950.0 0.0 01-Nov-80 92574.0 1612.7 0.0 0.0 16912.0 0.0 01-Dec-80 93874.0 1567.2 0.0 0.0 16853.0 0.0 01-Jan-81 95061.0 1300.0 0.0 0.0 16952.0 0.0 01-Feb-81 96292.0 1306.0 0.0 0.0 17010.0 0.0 01-Mar-81 97184.0 1045.7 0.0 0.0 17067.0 0.0 01-Apr-81 98405.0 1404.1 0.0 0.0 17131.0 0.0 01-May-81 99144.0 1245.5 0.0 0.0 17515.0 0.0 01-Jun-81 100558.0 1382.9 0.0 0.0 17565.0 0.0 01-Jul-81 101581.0 1589.9 0.0 0.0 17765.0 0.0 01-Aug-81 102743.0 959.5 0.0 0.0 17773.0 0.0 01-Sep-81 103750.0 1184.2 0.0 0.0 17935.0 0.0 01-Oct-81 104293.0 739.5 0.0 0.0 18149.0 0.0 01-Nov-81 104823.0 795.7 582.0 0.0 18713.0 0.0 01-Dec-81 105790.0 1304.4 717.0 0.0 19842.0 0.0 01-Jan-82 106589.0 949.4 1037.0 321.5 21446.0 1629.0 01-Feb-82 107434.0 983.6 1717.5 682.0 22513.0 1115.0 01-Mar-82 108592.0 939.3 2785.5 1070.8 23959.0 1564.0 01-Apr-82 109240.0 1071.0 3440.0 662.3 26078.0 2177.0 01-May-82 110142.0 1212.8 4232.0 801.6 27203.0 1194.0 01-Jun-82 111459.0 1143.1 4556.0 337.1 28692.0 1562.0 01-Jul-82 112318.0 1199.0 6392.0 1857.6 30828.0 2204.0 01-Aug-82 113175.0 1454.6 7057.4 788.6 33370.0 2619.0 01-Sep-82 114776.0 1519.6 8132.6 1007.5 35121.0 1925.0 01-Oct-82 115935.0 1483.1 10267.7 2166.8 37228.0 2200.0 01-Nov-82 117068.0 1676.7 12060.3 1912.4 39293.0 2178.0 01-Dec-82 118940.0 1974.9 14450.2 2361.1 42963.0 3804.0 01-Jan-83 120850.0 2512.6 15464.2 1081.6 44425.0 1641.0 01-Feb-83 123739.0 3544.3 16586.3 1213.4 45942.0 1756.0 01-Mar-83 127939.0 4269.2 18157.1 1683.7 48008.0 2469.0 01-Apr-83 131391.0 4923.2 19138.0 1152.2 49071.0 1525.0 01-May-83 134961.0 4960.9 20064.3 1421.0 50079.0 1408.0 01-Jun-83 139276.0 4967.1 20932.6 1096.8 50934.0 1244.0 01-Jul-83 143898.0 5191.0 22312.8 1650.8 52007.0 1491.0 01-Aug-83 146516.0 4822.9 23078.1 1051.8 53142.0 1586.0 01-Sep-83 151597.0 4910.4 23819.4 1018.3 54152.0 1554.0 01-Oct-83 154777.0 4051.6 24311.3 749.6 56427.0 2758.0 01-Nov-83 156687.0 3526.1 24475.0 380.6 57112.0 1139.0 01-Dec-83 159850.0 3057.1 25121.3 841.0 57895.0 1121.0 01-Jan-84 162108.0 2693.9 25182.1 251.0 58501.0 978.0 01-Feb-84 164562.0 2710.8 26124.5 1126.0 58930.0 812.0 01-Mar-84 166261.0 2617.9 28354.0 2405.4 59376.0 868.0 01-Apr-84 167555.0 2310.6 28660.8 501.5 59650.0 723.0 01-May-84 169493.0 2537.1 28961.6 551.9 59969.0 832.0 01-Jun-84 170893.0 2610.5 29255.9 579.7 61267.0 1844.0 01-Jul-84 172512.0 2271.6 30485.2 1533.3 62298.0 1580.0 01-Aug-84 174175.0 2231.1 32053.8 1861.8 63346.0 1564.0 01-Sep-84 175770.0 2052.8 32888.4 1092.4 63964.0 1140.0 01-Oct-84 177620.0 1924.9 33784.1 1013.0 66085.0 2569.0 01-Nov-84 178523.0 1901.5 34820.6 1141.0 67661.0 1956.0 01-Dec-84 179981.0 2234.3 36214.9 1489.0 70822.0 3818.0 01-Jan-85 181880.0 2136.3 36914.7 912.8 72546.0 1983.0 01-Feb-85 183963.0 2980.6 38508.0 1819.7 74500.0 2425.0 01-Mar-85 185954.0 2797.0 39370.2 1087.4 76759.0 2750.0 01-Apr-85 187603.0 2638.8 40952.0 1856.0 78190.0 1973.0 01-May-85 190202.0 3251.1 41612.8 1004.4 80734.0 3200.0 01-Jun-85 192925.0 3866.1 42754.7 1519.3 83327.0 3281.0 01-Jul-85 195574.0 3466.4 43890.6 1526.5 86766.0 4226.0 01-Aug-85 198134.0 4386.1 45667.6 2207.3 88513.0 2685.0 01-Sep-85 201026.0 4728.3 48769.3 3653.6 91915.0 4501.0 01-Oct-85 205182.0 5147.6 50362.7 2227.6 93871.0 3082.0 01-Nov-85 209205.0 5680.2 52198.4 2469.1 96171.0 3449.0 01-Dec-85 212145.0 4901.6 54987.0 3365.5 100386.0 5295.0 01-Jan-86 215614.0 4573.5 58391.2 3964.0 102516.0 3020.0 01-Feb-86 218495.0 5445.5 60751.8 2978.2 105647.0 4268.0 01-Mar-86 220348.0 5251.7 62310.0 2259.9 110337.0 5900.0 01-Apr-86 223222.0 6121.1 64171.0 2835.0 114241.0 5593.0 01-May-86 225470.0 7952.1 67311.7 4491.0 119277.0 7350.0 01-Jun-86 229204.0 8373.2 72376.9 6831.4 125903.0 9593.0 01-Jul-86 233642.0 8899.3 76197.3 6106.4 130697.0 8117.0 01-Aug-86 236846.0 9103.7 81059.6 7079.0 137242.0 10128.0 01-Sep-86 241230.0 10507.6 86358.5 7356.9 146871.0 13090.0 01-Oct-86 248755.0 12760.0 89573.0 5535.0 155201.0 11401.0 01-Nov-86 254423.0 11171.7 93525.0 5635.9 162593.0 10540.0 01-Dec-86 262698.0 11273.9 97174.0 5493.8 171372.0 11197.0 01-Jan-87 270262.0 10612.9 101686.6 6362.7 174522.0 8215.0 01-Feb-87 276371.0 9583.9 104670.3 4690.6 179938.0 7844.0 01-Mar-87 281117.0 8617.2 107673.4 4627.4 186295.0 9146.0 01-Apr-87 286188.0 8688.1 112672.7 6996.8 192290.0 9852.0 01-May-87 289380.0 10116.2 116860.8 7086.2 196126.0 7768.0 01-Jun-87 293246.0 8564.6 121270.1 6647.8 200284.0 7436.0 01-Jul-87 298487.0 8630.5 125461.0 5842.3 204373.0 6825.0 01-Aug-87 304403.0 8437.7 127880.5 3997.4 206886.0 4721.0 01-Sep-87 308339.0 6367.9 130540.3 4083.4 208871.0 4158.0 01-Oct-87 312191.0 5779.0 133101.5 3819.2 210097.0 3111.0 01-Nov-87 314806.0 4743.6 134633.3 2701.9 211097.0 2727.0 01-Dec-87 315832.0 4748.0 139960.4 6374.2 212634.0 3201.0 01-Jan-88 316245.0 3884.4 140522.2 1682.5 212914.0 1832.0 01-Feb-88 317909.0 3210.9 142797.0 3189.9 214028.0 2414.0 01-Mar-88 318703.0 3130.4 145241.6 3352.4 214724.0 2312.0 01-Apr-88 319609.0 3374.0 149568.6 5444.0 214889.0 2266.0 01-May-88 320427.0 3901.5 152826.3 4600.0 215096.0 2325.0 01-Jun-88 322616.0 4818.5 157438.4 6219.9 216155.0 3650.0 01-Jul-88 325788.0 6089.7 160635.6 4895.0 217830.0 4116.0 01-Aug-88 329693.0 6458.9 163253.3 4260.8 219294.0 3719.0 01-Sep-88 333177.0 5978.5 167170.4 5622.0 220683.0 3729.0 01-Oct-88 336456.0 5565.9 170394.7 4771.9 222321.0 3674.0 01-Nov-88 338474.0 4478.1 174277.8 5405.2 224601.0 4231.0 01-Dec-88 340527.0 4290.9 178249.8 5434.4 226406.0 5510.0 01-Jan-89 343215.0 4283.4 180822.0 4074.0 227144.0 3408.0 01-Feb-89 345425.0 3954.2 184209.0 4811.0 230327.0 4899.0 01-Mar-89 348622.0 3875.0 188071.0 5473.0 234695.0 6037.0 01-Apr-89 349046.0 4073.4 191420.0 4407.0 238231.0 5554.0 01-May-89 351030.0 4088.6 193681.0 3762.0 240720.0 4474.0 01-Jun-89 353759.0 4838.5 196501.0 4339.0 245242.0 6551.0 01-Jul-89 356196.0 5069.1 200468.0 5464.0 248316.0 5181.0 01-Aug-89 358508.0 4796.1 203923.0 5081.0 252578.0 6650.0 01-Sep-89 361291.0 5511.9 208894.0 6883.0 257939.0 8050.0 01-Oct-89 364006.0 5485.9 213482.0 6614.0 262513.0 7059.0 01-Nov-89 367099.0 5759.0 220118.0 8720.0 266889.0 7058.0 01-Dec-89 369867.0 5332.2 228232.0 10136.0 272870.0 8526.0 01-Jan-90 372635.0 5201.4 233903.0 7760.0 278350.0 7764.0 01-Feb-90 375695.0 5257.8 239853.0 7972.0 281736.0 5796.0 01-Mar-90 378292.0 4930.6 246391.0 8339.0 285990.0 6502.0 01-Apr-90 379918.0 4538.6 252236.0 7790.0 289242.0 5687.0 01-May-90 382381.0 5171.3 257218.0 7081.0 292448.0 5791.0 01-Jun-90 385456.0 5707.0 263330.0 8266.0 295340.0 5546.0 01-Jul-90 388475.0 5513.9 268052.0 6869.0 297082.0 4247.2 01-Aug-90 391894.0 6525.9 275227.0 9378.0 298999.0 4808.6 01-Sep-90 394859.0 5390.0 281806.0 8953.0 301797.0 5707.0 01-Oct-90 397618.0 5317.4 287674.0 8078.0 304838.0 5734.0 01-Nov-90 401278.0 5862.4 293710.0 8199.0 308658.0 6315.0 01-Dec-90 403613.0 4936.5 299833.0 8010.0 316359.0 9918.0 01-Jan-91 405817.0 4424.9 302737.0 4830.0 318472.0 4439.7 01-Feb-91 408214.0 4763.7 306641.0 5881.0 320342.0 4550.8 01-Mar-91 409929.0 4317.2 312101.0 7508.0 323524.0 6183.9 01-Apr-91 410163.0 4235.7 316705.0 7395.0 325654.0 6226.0 01-May-91 411273.0 4797.1 323109.0 10239.0 328529.0 7693.0 01-Jun-91 413707.0 5991.5 331089.0 12024.0 334780.0 10694.0 01-Jul-91 416206.0 6128.2 336854.0 9588.0 338558.0 8058.0 01-Aug-91 419972.0 7339.0 344698.0 11584.0 343243.0 8803.8 01-Sep-91 422501.0 5384.2 351917.0 10732.0 348843.0 9305.0 01-Oct-91 424038.0 5147.5 358267.0 9729.0 351843.0 7449.0 01-Nov-91 425241.0 5287.5 364182.0 10266.0 355749.0 9544.0 01-Dec-91 425295.0 4840.4 371984.0 13127.0 359163.0 9538.0 01-Jan-92 425179.0 5151.3 376720.0 11288.0 362094.0 10521.0 01-Feb-92 424761.0 5639.4 381903.0 12715.0 364870.0 11998.0 01-Mar-92 421954.0 5261.1 389853.0 17219.0 367878.0 13639.0 01-Apr-92 420735.0 5943.4 395822.0 17889.0 371438.0 16139.0 01-May-92 422170.0 7444.4 404390.0 18984.0 379006.0 17214.0 01-Jun-92 422922.0 6778.2 413226.0 16942.0 382797.0 13740.0 01-Jul-92 424314.0 6929.8 418401.0 12915.0 387598.0 11849.0 01-Aug-92 425187.0 7132.9 424466.0 13340.0 390967.0 12314.0 01-Sep-92 422254.0 6597.6 429935.0 15077.0 391762.0 14267.0 01-Oct-92 419574.0 7752.1 434986.0 18866.0 394054.0 18771.0 01-Nov-92 420101.0 8740.1 439581.0 19608.0 400487.0 19154.0 01-Dec-92 419516.0 8603.7 444979.0 19194.0 407514.0 19602.0 01-Jan-93 422223.0 8720.8 449618.0 16882.0 416573.0 16536.0 01-Feb-93 423896.0 7621.9 454097.0 12290.0 421814.0 12105.0 01-Mar-93 421514.0 6789.5 457316.0 9798.0 420932.0 10286.0 01-Apr-93 416738.0 8142.0 459406.0 12816.0 418542.0 13807.0 01-May-93 414816.0 10001.0 461485.0 17549.0 419921.0 17532.0 01-Jun-93 413166.0 11818.0 465220.0 20000.0 422822.0 18958.0 01-Jul-93 414784.0 13614.0 468728.0 20077.0 427536.0 18631.0 01-Aug-93 415498.0 13116.0 472490.0 17334.0 430903.0 18008.0 01-Sep-93 415498.0 12781.0 481880.0 24872.0 430089.0 16230.0 The following data are used in some of the figures. rate = Contract rate on 30-year, fixed-rate conventional home mortgages ddasa = Demand deposits, seasonally adjusted ocdsa = Other checkable deposits, seasonally adjusted mmdasa = Money market demand accounts, seasonally adjusted hel = Revolving credit real estate loans at domestically chartered commercial banks Data are from Federal Reserve Board of Governors rate ddasa ocdsa mmdasa hel Jan-80 NA 259.00 17.40 417.48 NA Feb-80 NA 261.30 18.00 410.57 NA Mar-80 NA 259.60 18.40 400.02 NA Apr-80 NA 253.00 19.10 386.33 NA May-80 NA 251.50 19.20 382.21 NA Jun-80 NA 254.40 20.60 390.74 NA Jul-80 NA 256.50 22.00 402.65 NA Aug-80 NA 261.40 23.20 414.44 NA Sep-80 NA 264.70 24.60 419.40 NA Oct-80 NA 267.20 25.70 419.64 NA Nov-80 NA 266.40 27.90 414.50 NA Dec-80 NA 261.20 28.00 400.12 NA Jan-81 NA 248.30 43.80 382.68 NA Feb-81 NA 240.80 53.10 375.03 NA Mar-81 NA 238.70 59.10 371.93 NA Apr-81 NA 238.90 66.20 372.45 NA May-81 NA 235.50 66.00 367.01 NA Jun-81 NA 233.20 68.00 360.99 NA Jul-81 NA 232.60 69.80 359.90 NA Aug-81 NA 232.90 70.80 353.75 NA Sep-81 NA 231.40 72.60 348.34 NA Oct-81 NA 231.50 73.50 343.50 NA Nov-81 NA 231.10 76.10 343.03 NA Dec-81 NA 231.20 78.30 343.87 NA Jan-82 NA 234.40 81.80 346.91 NA Feb-82 NA 230.60 82.30 345.35 NA Mar-82 NA 229.20 84.00 344.10 NA Apr-82 NA 229.30 87.80 344.26 NA May-82 NA 228.20 87.00 344.01 NA Jun-82 NA 226.90 88.30 343.64 NA Jul-82 NA 226.10 89.00 341.99 NA Aug-82 NA 227.50 91.10 343.89 NA Sep-82 NA 229.40 94.30 346.71 NA Oct-82 NA 232.30 98.80 355.15 NA Nov-82 NA 233.80 102.60 362.63 NA Dec-82 NA 234.00 103.70 400.06 NA Jan-83 NA 234.20 106.00 521.94 NA Feb-83 NA 233.50 110.50 601.90 NA Mar-83 NA 234.70 113.90 639.09 NA Apr-83 NA 234.60 117.20 660.69 NA May-83 NA 236.30 119.80 678.08 NA Jun-83 NA 236.90 122.20 687.36 NA Jul-83 NA 238.60 124.70 688.92 NA Aug-83 NA 238.80 126.10 687.36 NA Sep-83 NA 238.70 127.40 687.36 NA Oct-83 NA 239.90 129.90 686.36 NA Nov-83 NA 238.80 131.00 685.01 NA Dec-83 NA 238.50 131.80 685.01 NA Jan-84 13.37 240.20 132.80 685.71 NA Feb-84 13.23 240.10 133.80 692.26 NA Mar-84 13.39 240.60 135.90 697.04 NA Apr-84 13.65 241.60 137.50 702.43 NA May-84 13.94 241.30 139.30 701.63 NA Jun-84 14.42 242.60 140.80 697.98 NA Jul-84 14.67 242.00 141.20 692.95 NA Aug-84 14.47 241.10 141.50 686.08 NA Sep-84 14.35 242.30 143.10 685.50 NA Oct-84 14.13 240.90 143.60 686.41 NA Nov-84 13.64 242.00 145.30 694.46 NA Dec-84 13.18 243.90 147.20 704.73 NA Jan-85 13.08 244.50 149.60 720.32 NA Feb-85 12.92 247.10 152.40 737.56 NA Mar-85 13.17 247.80 154.80 744.59 NA Apr-85 13.20 248.30 157.00 748.74 NA May-85 12.91 250.80 158.60 755.37 NA Jun-85 12.22 253.80 162.40 767.59 NA Jul-85 12.03 255.30 165.50 779.84 NA Aug-85 12.19 257.60 169.30 791.37 NA Sep-85 12.19 261.60 172.10 798.66 NA Oct-85 12.14 261.30 174.80 805.70 NA Nov-85 11.78 262.30 177.80 812.64 NA Dec-85 11.26 266.70 179.70 815.12 NA Jan-86 10.88 264.90 181.70 817.04 NA Feb-86 10.71 265.70 183.70 820.92 NA Mar-86 10.08 270.20 186.70 824.19 NA Apr-86 9.94 272.80 190.70 835.11 NA May-86 10.14 277.70 196.30 849.61 NA Jun-86 10.68 280.00 201.30 862.47 NA Jul-86 10.51 283.10 206.20 874.82 NA Aug-86 10.20 285.80 212.10 889.13 NA Sep-86 10.01 287.50 217.00 903.66 NA Oct-86 9.97 287.90 222.80 918.77 NA Nov-86 9.70 292.20 228.80 931.28 NA Dec-86 9.31 302.00 235.30 940.92 NA Jan-87 9.20 299.20 242.60 952.14 NA Feb-87 9.08 295.80 244.90 960.03 NA Mar-87 9.04 294.90 247.80 964.66 NA Apr-87 9.83 299.00 252.80 970.12 NA May-87 10.60 300.20 254.30 971.45 NA Jun-87 10.54 293.70 254.70 968.71 NA Jul-87 10.28 292.10 255.60 965.71 47.80 Aug-87 10.33 292.00 257.60 962.62 53.58 Sep-87 10.89 290.70 259.30 960.19 55.48 Oct-87 11.26 295.80 261.30 952.37 33.54 Nov-87 10.65 291.50 260.30 941.72 41.67 Dec-87 10.65 286.80 259.30 937.62 39.79 Jan-88 10.49 289.80 262.70 936.67 14.21 Feb-88 9.89 287.60 264.50 938.57 28.97 Mar-88 9.93 287.70 266.60 941.46 24.81 Apr-88 10.20 290.10 270.00 944.88 25.86 May-88 10.46 289.50 272.90 948.19 27.64 Jun-88 10.46 290.90 275.60 951.30 29.21 Jul-88 10.43 291.00 278.90 951.86 28.13 Aug-88 10.60 290.40 278.90 946.03 28.10 Sep-88 10.48 289.30 279.00 938.01 28.77 Oct-88 10.30 288.70 279.40 932.87 21.08 Nov-88 10.27 287.30 280.10 932.29 30.91 Dec-88 10.61 286.50 280.60 926.62 25.29 Jan-89 10.73 284.60 280.80 916.29 27.33 Feb-89 10.65 284.00 280.20 904.60 26.96 Mar-89 11.03 283.40 278.60 894.25 27.61 Apr-89 11.05 281.30 277.00 880.88 22.87 May-89 10.77 280.10 272.30 864.48 24.57 Jun-89 10.20 276.60 272.10 860.40 22.56 Jul-89 9.88 280.00 273.90 863.39 12.99 Aug-89 9.99 278.40 275.50 867.57 22.99 Sep-89 10.13 278.20 277.90 872.42 18.49 Oct-89 9.95 280.30 280.80 877.62 13.80 Nov-89 9.77 278.40 282.50 885.67 19.87 Dec-89 9.74 279.00 285.10 891.02 23.26 Jan-90 9.90 277.10 286.20 897.25 28.64 Feb-90 10.20 279.30 287.60 901.04 13.50 Mar-90 10.27 278.70 289.60 904.34 19.43 Apr-90 10.37 278.20 291.70 907.69 19.03 May-90 10.48 275.60 291.30 907.41 0.90 Jun-90 10.16 275.40 292.90 909.95 0.96 Jul-90 10.04 275.60 290.90 912.92 1.26 Aug-90 10.10 278.10 291.30 916.43 1.26 Sep-90 10.18 280.10 292.50 918.89 0.80 Oct-90 10.18 278.10 291.60 918.97 1.54 Nov-90 10.01 277.40 292.60 919.73 0.97 Dec-90 9.67 277.10 293.90 920.80 0.66 Jan-91 9.64 274.10 294.90 922.88 0.44 Feb-91 9.37 274.90 296.60 929.29 0.76 Mar-91 9.50 275.60 300.20 939.54 0.94 Apr-91 9.49 275.30 302.10 951.02 1.14 May-91 9.47 277.80 306.90 965.03 0.70 Jun-91 9.62 281.00 311.20 977.00 0.78 Jul-91 9.58 280.50 314.30 987.37 0.45 Aug-91 9.24 281.00 318.20 995.03 0.57 Sep-91 9.01 280.70 321.40 1003.00 0.55 Oct-91 8.86 283.00 324.70 1015.30 0.55 Nov-91 8.71 287.40 330.20 1028.50 0.58 Dec-91 8.50 290.50 333.80 1042.50 0.71 Jan-92 8.43 296.30 338.60 1060.30 1.07 Feb-92 8.76 303.30 344.30 1080.70 0.04 Mar-92 8.94 308.00 347.50 1094.30 0.25 Apr-92 8.85 310.80 349.00 1107.50 0.24 May-92 8.67 314.70 354.70 1119.60 0.40 Jun-92 8.51 312.30 355.90 1126.00 0.28 Jul-92 8.13 317.50 358.60 1134.50 0.56 Aug-92 7.98 322.50 362.80 1145.70 0.20 Sep-92 7.92 329.00 366.70 1158.90 0.06 Oct-92 8.09 336.00 373.70 1170.50 0.57 Nov-92 8.31 339.50 381.60 1180.40 0.14 Dec-92 8.22 340.90 385.20 1186.00 0.09 Jan-93 8.02 341.90 388.60 1184.40 0.20 Feb-93 7.68 341.90 386.40 1182.30 0.01 Mar-93 7.50 342.00 386.30 1178.80 0.82 Apr-93 7.47 347.30 386.20 1181.60 0.45 May-93 7.47 359.10 395.50 1193.70 0.28 Jun-93 7.42 360.60 397.90 1198.70 0.18 Jul-93 7.21 365.80 402.30 1200.10 0.07 Aug-93 7.11 370.80 403.80 1205.20 -0.23 Sep-93 7.11 376.50 406.90 1209.10 NA