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Announcements

Chicago Fed Survey of Business Conditions Renamed

The Federal Reserve Bank of Chicago renamed the Chicago Fed Survey of Business Conditions (CFSBC) to the Chicago Fed Survey of Economic Conditions (CFSEC) to better represent the survey’s aim and base of respondents. This change is now reflected in FRED as well.

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.

For more details, see the CFSEC.

Posted in FRED Announcements

FRED Expands Commercial Paper with Historical Series

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.

Posted in FRED Announcements

FRED Expands Overnight AMERIBOR Unsecured Interest Rates with Derived Rates

FRED has added 2 additional series: the AMERIBOR® Term-30 and Term-90 derived interest rate indexes 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 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.

Posted in FRED Announcements

FRED Adds Overnight AMERIBOR Unsecured Interest Rates

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.

Posted in FRED Announcements

FRED Adds Selected Business and Consumer Loans Data

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.

Posted in FRED Announcements

FRED Adds Zillow Home Value Index (ZHVI)

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.

Posted in FRED Announcements

ICE Benchmark Administration Ltd (IBA) Data To Be Removed From FRED

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.

Posted in FRED Announcements