The goal of the survey remains unchanged: to assess the state of the economy in the Seventh Federal Reserve District, which is served by the Federal Reserve Bank of Chicago. The survey has always been filled out by both business and nonbusiness contacts.
FRED has added 38 historical commercial paper (CP) series from before April 2006: On April 10, 2006, the Federal Reserve Board made major changes to its CP outstanding calculations. New outstanding categories were added, some existing category definitions were modified, and current and historical CP issuer information was updated. For more information, refer to the Commercial Paper Rates and Outstanding Summary.
CP consists of short-term, promissory notes issued primarily by corporations (up to 270 days in maturity but averaging about 30 days). CP is often used to raise cash for current transactions as a lower-cost alternative to bank loans.
AMERIBOR® (American Interbank Offered Rate) is a transparent benchmark interest rate based on overnight unsecured loans transacted on the American Financial Exchange (AFX). The AMERIBOR® Term-30 and Term-90 indexes are designed to capture wholesale funding costs for American financial institutions over a 30-day and 90-day period, respectively, at a specific moment in time. These forward-looking short-term interest rates are calculated using a broad dataset of real-world primary issuances of wholesale commercial deposits and commercial paper of U.S.-domiciled financial institutions of every size. These indexes are also designed to be a transparent and representative short-term LIBOR alternative.
The graph above shows crude oil prices in dollars per barrel (black line) and diesel (blue line), gasoline (red line), and heating oil (green line) prices in dollars per gallon.
Q1. Relative to crude oil prices, how do oil-based fuel prices change over time?
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FRED has added 9 new benchmark interest rates: the Unsecured Overnight AMERIBOR® Interest Rate, AMERIBOR® Term Structure Interest Rates, and the 30- and 90-day AMERIBOR® Overnight Average Rates from the American Financial Exchange (AFX).
AMERIBOR® (American Interbank Offered Rate) is a transparent benchmark interest rate based on overnight unsecured loans transacted on the American Financial Exchange (AFX). The arbitrage-free AMERIBOR® Term Structure of Interest Rates is derived from the Overnight Unsecured AMERIBOR® Interest Rate and the implied AMERIBOR® forward rates from the AMERIBOR® futures prices.
AMERIBOR® reflects the actual borrowing costs of thousands of small, medium, and regional banks across America. AMERIBOR® is also useful for larger banks and financial institutions that do business with these banks, as well as small and middle-market companies.
FRED has added 30 new series to the G.20 Finance Companies release from the Board of Governors of the Federal Reserve System. Most of these series are aggregates of current FRED series, combining owned and securitized data. For example, the two series in the graph above combine leases owned and leases securitized into the aggregate series of leases owned and securitized for both consumer motor vehicle loans and business motor vehicle loans.
The FRED graph above shows the value of quarterly real gross domestic product during and after the five most recent economic recessions: 1981-1982, 1990-1991, 2001, 2007-2009, and 2020.
Q1. Which recession was the deepest?
Q2. Which recession was the shallowest?
The FRED graph above shows the growth of stock share prices (blue line) and home prices (red line) between January 2020 and October 2021.
Q1. Which prices decreased during the COVID-19-induced recession?
Q2. Which prices experienced the largest growth between January 2020 and October 2021?
The FRED graph above shows the unemployment rate for men (blue line), for women (red line), and for both genders (black line) between July 2007 and January 2022.
Q1. During the Great Recession in 2007-2009, did men or women make up the majority of those who became unemployed?
Q2. During the COVID-19-induced recession in 2020, did men or women make up the majority of those who became unemployed ?
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This Page One Economics essay describes the new key tool of monetary policy: the interest rate on reserve balances.
Focus on Large-Scale Asset Purchases
This Page One Economics essay describes the use of temporary open-market operations and large-scale asset purchases to support the flow of credit to households and businesses.
Storytelling with Data and FRED Interactive Modules
Q1. Between September 17, 2008, and September 9, 2020, which were larger: total reserve balances maintained with Federal Reserve Banks or required reserve balances?
Q2. After March 25, 2020, what was the dollar value of required reserve balances?
Q1. How do overnight repurchase agreements impact financial markets? Do they add or subtract liquidity?
Q2. Between September 2019 and September 2020, when did the value of overnight repurchase agreements peak?
Q1. How do reverse overnight repurchase agreements impact financial markets? Do they add or subtract liquidity?
Q2. Between January 2020 and January 2022, when did the value of reverse overnight repurchase agreements peak?
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FRED has added 52 series on the Zillow Home Value Index, or ZHVI, from Zillow. The ZHVI is Zillow’s flagship measure of both the typical home value and housing market appreciation currently and over time. For more information, refer to the ZHVI user guide or Zillow’s deep dive post about the ZHVI methodology.
On January 31, 2022, FRED will no longer include data from ICE Benchmark Administration Limited (IBA).
All series from the datasets below will be deleted from the FRED database, Excel Add-in, Mobile applications, APIs, and all other FRED services.
ICE Libor Rates
ICE Swap Rates
LMBA Gold Price: Daily Prices
LMBA Silver Price: Daily Prices
Custom links to these series or custom graphs that contain these series may be broken or may return unexpected results. We apologize for this inconvenience and hope you continue to find value in our free data services.
