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FRED Adds Brave-Butters-Kelley Indexes

FRED has added the Brave-Butters-Kelley Indexes (BBKI), a research project from the Federal Reserve Bank of Chicago. The BBK Coincident and Leading Indexes and Monthly GDP Growth for the U.S. are constructed from a large panel of monthly measures of real economic activity and quarterly real GDP growth. Monthly GDP growth is indexed to the quarterly estimates from the U.S. Bureau of Economic Analysis and consists of three components: cycle, trend, and irregular components.

Explore the monthly and quarterly BBK indexes in FRED here.

Posted in FRED Announcements

FRED Adds Index of Global Real Economic Activity

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).

Posted in FRED Announcements

FRED Adds U.S. Patent Data

FRED has added two releases from the United States Patent and Trademark Office (USPTO) with over 4,000 series on patents granted in the U.S.

The first release, U.S. Granted Utility Patents by Counties and CBSAs, has U.S. granted utility patents originating in U.S. counties and U.S. core-based statistical areas from 2000 to 2015.

The second release, U.S. Granted Patents by States, Territories, and Countries, has U.S. granted patents originating in U.S. states/territories and foreign countries from 1992 to 2019. Patents granted are also broken down by patent type: utility, plant, design, and reissue patents.

Posted in FRED Announcements

FRED Adds New National Rate Cap Series

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.

Posted in FRED Announcements

FRED and ALFRED Celebrate New Milestones!

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.

Posted in FRED 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