This index from the Dallas Fed, developed by Lutz Kilian, measures global real economic activity in industrial commodity markets. This business-cycle index is expressed in percent deviations from trend. It is derived from a panel of dollar-denominated global bulk dry cargo shipping rates and may be viewed as a proxy for the volume of shipping in global industrial commodity markets.
For further discussion of the advantages of this index compared with measures of global real GDP or global industrial production, see Kilian and Zhou (2018).
These 53 series represent the changes that the FDIC implemented after redefining the “national rate” as follows: the average of rates paid by all insured depository institutions and credit unions for which data are available, with rates weighted by each institution’s share of domestic deposits.
On December 15, 2020, the FDIC Board of Directors approved a final rule making certain revisions to the interest rate restrictions applicable to less-than-well-capitalized institutions (as defined in Section 38 of the Federal Deposit Insurance Act), which are effective on April 1, 2021. The interest rate restrictions generally limit a less-than-well-capitalized institution from soliciting deposits by offering rates that significantly exceed rates in its prevailing market.
Users are encouraged to read the previously mentioned documentation, as well as view the release tables.
We’re pleased to announce that FRED is celebrating 30 years as a trusted leader in providing economic data! And archival FRED (ALFRED) is celebrating 15 years of storing real-time vintages of FRED data!
The invitation list for this celebration includes you, of course, and 788,000 of our closest friends. (That is, our data series.) Additional “guests” will trickle in over time.
We’re marking this milestone with an update to the FRED website header, which includes FRED-specific content such as Release Calendar, FRED Blog, and About FRED. It also gives credit to our parent, the St. Louis Fed’s Research Division, and sibling websites, all under the heading Economic Research Resources.
Notice the new trending search terms on the FRED homepage? This list of the most-looked-for data in FRED is updated twice per day to provide you with the most relevant and timely data info.
We’re happy we can continue to enhance these data services and provide valuable resources for your data needs. Help us celebrate by testing out these new features and let us know if you have any birthday data wishes.
FRED has added 153 series from the Federal Deposit Insurance Corporation’s Quarterly Banking Profile (QBP). The QBP provides the earliest comprehensive summary of financial results for all FDIC-insured institutions. These series provide quarterly aggregate U.S. data since 1984.
These four series are an extension of the Secured Overnight Financing Rate (SOFR). The SOFR averages are compounded averages of the SOFR over rolling 30-, 90-, and 180-calendar-day periods. The SOFR Index measures the cumulative impact of compounding the SOFR on a unit of investment over time, with the initial value set to 1 on April 2, 2018 (i.e., the first value date of the SOFR). The SOFR Index value reflects the effect of compounding the SOFR each business day and allows the calculation of compounded SOFR averages over custom time periods.
Users can view a daily snapshot of these data with the release tables.
The Board of Governors has made several changes to the H.6 statistical release, “Money Stock Measures,” to reflect changes announced on December 17, 2020.
As of February 23, 2021, the H.6 statistical release is published at a monthly frequency, on the fourth Tuesday of the month. In addition, the following changes have been made:
Savings deposits are now recognized as a type of transaction account, reflecting the Board’s action on April 24, 2020, to remove the regulatory distinction between transaction accounts and savings deposits. Therefore, the items “Savings deposits” and “Other checkable deposits” are now combined into “Other liquid deposits” in the M1 monetary aggregate. This action increases the M1 monetary aggregate significantly while leaving the M2 monetary aggregate unchanged.
The press release now contains only monthly average data needed to construct the monetary aggregates, thereby eliminating the release of data on institutional money funds and memorandum items on U.S. government deposits and deposits due to foreign banks and foreign official institutions. Components of the monetary aggregates will continue to be reported at a total industry level without a breakdown by banks and thrifts.
Weekly average, non-seasonally adjusted data will continue to be made available, while weekly average, seasonally adjusted data will no longer be provided.
In addition, due to the discontinuance of institutional money funds series, the Federal Reserve Bank of St. Louis is no longer able to calculate Money Zero Maturity (MZM) Money Stock, so these series and the Real MZM Stock (MZMREAL) have been discontinued in FRED as well. Users interested in calculating MZM can obtain institutional money funds data from the Investment Company Institute (ICI).