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Announcements

FRED Adds Key European Central Bank Interest Rates

FRED has added three new series: the key interest rates set by the Governing Council of the ECB for the euro area. These interest rates include:

  • The deposit facility rate, which banks may use to make overnight deposits with the Eurosystem.
  • The main refinancing operations (MRO) rate, which provides the bulk of liquidity to the banking system.
  • The marginal lending facility rate, which offers overnight credit to banks from the Eurosystem.

These data are copyrighted by the ECB. More details about the ECB’s policy rates are available on their website.

Posted in FRED Announcements

FRED Adds Data from the FDIC’s QBP

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.

Also, the Reports of Condition and Income for All Insured U.S. Commercial Banks release will be discontinued. Similar aggregate U.S. data can be found in the QBP release. Links to series similar to the discontinued ones are provided in the series notes where available. Raw data to reconstruct the other regional-based series are available from the Federal Financial Institutions Examination Council (FFIEC) Central Data Repository’s Public Data Distribution.

Posted in FRED Announcements

FRED Adds SOFR Averages and Index

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.

Posted in FRED Announcements

FRED Updates Money Stock Measures (H.6), Discontinues Money Zero Maturity

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.

The changes described above have been implemented in FRED for the H.6 statistical release.

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).

For more details, see the Board’s announcements and the Technical Q&As for H.6.

Posted in FRED Announcements

FRED Revises and Expands Indeed Hiring Data

FRED has expanded job posting data from Indeed. The release now features trends in job postings for France and several new metro areas in the U.S.

Indeed has discontinued wage-tier posting data, and these data will no longer be updated on FRED. Indeed has also modified their release methodology significantly.

These data are copyrighted and require pre-approval: Contact Indeed to request permission to use the data.

Posted in FRED Announcements

FRED Adds Monthly Business Formation Statistics Data

The U.S. Census Bureau has updated their Business Formation Statistics (BFS) release, and FRED now includes new monthly data starting in July 2004 (including new data for U.S. Census regions and national data by two-digit NAICS codes).

Quarterly data have been discontinued and replaced with similar monthly data. These monthly series can be found within the notes of the quarterly series. FRED also allows aggregation of data through the “Edit Graph” panel’s “Modify frequency” menu.

The BFS release

  • provides timely and high-frequency data on business applications and employer business formations
  • measures business initiation activity (Business Application Series) as indicated by applications for an employer identification number (EIN) on the IRS Form SS-4
  • provides information on actual and projected employer business formations that originate from these applications, based on the record of first payroll tax liability for an EIN
  • contains measures of delay in business starts as indicated by the average duration between the application for an EIN and the transition to an employer business

For more information, see the U.S. Census’s FAQs.

Posted in FRED Announcements

FRED Adds Federal Reserve Weekly Balance Sheet Records Since 1914

FRED has added about 120 series on weekly historical balance sheet records for the Federal Reserve System, starting in 1914 and spanning through April 2018. These series were digitized by Cecilia Bao, Justin Chen, Nicholas Fries, Andrew Gibson, Emma Paine, and Kurt Schuler in their working paper “The Federal Reserve System’s Weekly Balance Sheet Since 1914,” issued jointly with the Center for Financial Stability.

The Fed’s balance sheet line items evolve over time: Some aggregates do not appear in all of the historical press releases or stop being included after a certain date. The authors continue to calculate these series based on their subcomponents.

Details on the authors’ calculations and links to the corresponding series in the H.4.1 Factors Affecting Federal Reserve Balances statistical release from the Board of Governors are available in the relevant series notes under the individual FRED graphs.

Posted in FRED Announcements