Data Download Program (DDP)
Announcements
This feed provides information about data available from the Federal Reserve Board through the Data Download Program (DDP).
October 17, 2024
G17: G.17 Data for September 2024 are now availableIndustrial production and capacity utilization data for September 2024 are now available.
Industrial production (IP) decreased 0.3 percent in September after advancing 0.3 percent in August. A strike at a major producer of civilian aircraft held down total IP growth by an estimated 0.3 percent in September, and the effects of two hurricanes subtracted an estimated 0.3 percent. For the third quarter as a whole, industrial production declined at an annual rate of 0.6 percent. Manufacturing output moved down 0.4 percent in September, and the index for mining fell 0.6 percent. The index for utilities gained 0.7 percent. At 102.6 percent of its 2017 average, total industrial production in September was 0.6 percent below its year-earlier level. Capacity utilization edged down to 77.5 percent in September, a rate that is 2.2 percentage points below its long-run (1972–2023) average.
September 27, 2024
H8: Notice to Users of the H.8 ReleaseSeptember 27, 2024
G17: Seasonal factors for motor vehicle sales have been releasedThe Federal Reserve has re-estimated seasonal factors for motor vehicle sales, using data through April 2024; in the estimation, data for September through November 2023 as well as for January 2024 are identified as outliers because of the United Auto Workers strike and winter storms. These factors are estimated once per year using X13-ARIMA. The factors will be revised again in the summer of 2025.
A comma-delimited text file containing these seasonal factors is available for download here (CSV).
September 25, 2024
FOR: Changes to Debt Service Ratio (DSR) publicationSeptember 25, 2024
DSR: Changes to Debt Service Ratio (DSR) publicationSeptember 20, 2024
H8: Notice to Users of the H.8 Release -- Forthcoming H.8 Benchmark and H.8 Series AdditionsEffective with the forthcoming release dated September 27, 2024, with data as of September 18, 2024, data on the H.8 release will be benchmarked through the June 2024 Call Report. Data on the current release are benchmarked through the March 2024 Call Report. The release will also incorporate revisions to underlying data.
Also effective with the forthcoming release, historical data between July 1, 2009, and March 30, 2022 will be adjusted to align with a previous reporting change. As of April 6, 2022, U.S. agencies and branches of foreign banks no longer reported consumer loans separately on the H.8 release, but included them in all other loans and leases, all loans not elsewhere classified, consistent with FFIEC 002 Call Report treatment of these loans. The forthcoming historical data adjustments will be accompanied by minor series name changes for two items: consumer loans, other consumer loans, all other consumer loans; and all other loans and leases, all loans not elsewhere classified.
In addition, the Data Download Program will contain previously-unpublished monthly, quarterly, and annual growth rates for the following line items:
- real estate loans, commercial real estate loans, construction and land development loans;
- real estate loans, commercial real estate loans, secured by farmland;
- real estate loans, commercial real estate loans, secured by multifamily properties;
- real estate loans, commercial real estate loans, secured by nonfarm nonresidential properties;
- consumer loans, other consumer loans, automobile loans;
- consumer loans, other consumer loans, all other consumer loans;
- all other loans and leases, loans to nondepository financial institutions;
- all other loans and leases, all loans not elsewhere classified.
September 20, 2024
Z1: Enhanced Financial Accounts projects updatedSeptember 17, 2024
G17: G.17 Data for August 2024 are now availableIndustrial production and capacity utilization data for August 2024 are now available.
In August, industrial production rose 0.8 percent after falling 0.9 percent in July. Similarly, the output of manufacturing increased 0.9 percent in August after decreasing 0.7 percent during the previous month. This pattern was due in part to a recovery in the index of motor vehicles and parts, which jumped nearly 10 percent in August after dropping roughly 9 percent in July. The index for manufacturing excluding motor vehicles and parts moved up 0.3 percent in August. The index for mining climbed 0.8 percent, while the index for utilities was flat. At 103.1 percent of its 2017 average, total industrial production in August was the same as its year-earlier level. Capacity utilization moved up to 78.0 percent in August, a rate that is 1.7 percentage points below its long-run (1972–2023) average.
September 12, 2024
Z1: 2024:Q2 data now available for the Financial Accounts of the United StatesSeptember 06, 2024
FOR: Upcoming changes to Debt Service Ratio (DSR) publicationAugust 30, 2024
Z1: 2024:Q2 preview now available for the Financial Accounts of the United StatesAugust 15, 2024
G17: G.17 Data for July 2024 are now availableIndustrial production and capacity utilization data for July 2024 are now available.
Industrial production fell 0.6 percent in July after increasing 0.3 percent in June. Early July shutdowns concentrated in the petrochemical and related industries due to Hurricane Beryl held down the growth of industrial production by an estimated 0.3 percentage point. Manufacturing output stepped down 0.3 percent as the index for motor vehicles and parts fell nearly 8 percent; manufacturing excluding motor vehicles and parts rose 0.3 percent. The index for mining moved sideways while the index for utilities decreased 3.7 percent. At 102.9 percent of its 2017 average, total industrial production in July was 0.2 percent below its year-earlier level. Capacity utilization moved down to 77.8 percent in July, a rate that is 1.9 percentage points below its long-run (1972-2023) average.
In 2025, the G.17 release on Industrial Production and Capacity Utilization will be published at 9:15 a.m. on January 17, February 14, March 18, April 16, May 15, June 17, July 16, August 15, September 16, October 17, November 18, and December 16.
August 14, 2024
G17: Industrial Production and Capacity Utilization - G.17August 07, 2024
H10: Foreign Exchange Rates - Revision to G.5August 01, 2024
H41: Change to the H.4.1 to include information related to MS Facilities 2020 LLCJuly 26, 2024
G17: Gross Value of Products and Industrial Supplies series labels corrected in DDPJuly 17, 2024
G17: Corrections to motor vehicle assembly data have been releasedThe motor vehicle assembly data released on July 17, 2024, have been updated for the period of June 2024 to correct for a reporting error. The June industrial production index for motor vehicle and parts production was unaffected.
July 17, 2024
G17: G.17 Data for June 2024 are now availableIndustrial production and capacity utilization data for June 2024 are now available.
Industrial production rose 0.6 percent in June after advancing 0.9 percent in May. For the second quarter as a whole, industrial production increased at an annual rate of 4.3 percent. Manufacturing output moved up 0.4 percent in June and rose 3.4 percent (annual rate) in the second quarter. In June, the indexes for mining and utilities posted gains of 0.3 percent and 2.8 percent, respectively. At 104 percent of its 2017 average, total industrial production in June was 1.6 percent above its year-earlier level. Capacity utilization moved up to 78.8 percent in June, a rate that is 0.9 percentage point below its long-run (1972–2023) average.
Note: The annual revision to industrial production and capacity utilization was published on June 28, 2024. Data referred to in the release dated June 18, 2024, were superseded by the data issued at the time of the annual revision.June 28, 2024
H8: Notice to Users of the H.8 ReleaseJune 28, 2024
G17: G.17 Annual Revision ReleasedThe Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. On net, growth rates for total IP were little changed in recent years, with most years unchanged; the rates of change for 2020 and 2023 were revised up by 0.1 percentage point and down by 0.1 percentage point, respectively. Similarly, the utilization rates for total industry are little changed from previous estimates.
June 20, 2024
DDP: Federal Reserve Board seeks DDP users for online surveyJune 18, 2024
G17: G.17 Data for May 2024 are now availableIndustrial production and capacity utilization data for May 2024 are now available.
Industrial production rose 0.9 percent in May. Manufacturing output posted a similar gain of 0.9 percent after declining in the previous two months. The index for mining increased 0.3 percent in May, and the index for utilities advanced 1.6 percent. At 103.3 percent of its 2017 average, total industrial production in May was 0.4 percent higher than its year-earlier level. Capacity utilization moved up to 78.7 percent in May, a rate that is 0.9 percentage point below its long-run (1972–2023) average.
June 14, 2024
Z1: Enhanced Financial Accounts projects updatedJune 07, 2024
Z1: Data Download Program and Federal Reserve Economic Data PartnershipJune 07, 2024
Z1: 2024:Q1 data now available for the Financial Accounts of the United StatesMay 24, 2024
Z1: 2024:Q1 preview now available for the Financial Accounts of the United StatesMay 23, 2024
H41: Change to the H.4.1 to include information related to MS Facilities LLCMay 21, 2024
CHGDEL: Data Download Program and Federal Reserve Economic Data PartnershipMay 17, 2024
H8: Notice to Users of the H.8 ReleaseMay 17, 2024
H8: Federal Reserve Board seeks Large Commercial Banks Report users for online surveyMay 16, 2024
G17: G.17 Data for April 2024 are now availableIndustrial production and capacity utilization data for April 2024 are now available.
Industrial production was little changed in April. Manufacturing output decreased 0.3 percent; excluding motor vehicles and parts, manufacturing output edged down 0.1 percent. The index for mining fell 0.6 percent, and the index for utilities rose 2.8 percent. At 102.8 percent of its 2017 average, total industrial production in April was 0.4 percentage point lower than its year-earlier level. Capacity utilization moved down to 78.4 percent in April, a rate that is 1.2 percentage points below its long-run (1972–2023) average.
May 16, 2024
G17: G.17 Annual Revision Planned to be Released on June 28, 2024The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization on June 28, 2024. Detailed results of the Economic Census for 2022 will not be published until 2025, so no new annual benchmark data will be included for manufacturing. Other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels), will be incorporated. The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2023 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
May 06, 2024
SLOOS: Data Download Program and Federal Reserve Economic Data PartnershipMay 02, 2024
H41: Change to the H.4.1 to include information related to MS Facilities LLCApril 30, 2024
G20: Data Download Program and Federal Reserve Economic Data PartnershipApril 16, 2024
G17: Data Download Program and Federal Reserve Economic Data PartnershipApril 16, 2024
G17: G.17 Data for March 2024 are now availableIndustrial production and capacity utilization data for March 2024 are now available.
Industrial production rose 0.4 percent in March but declined at an annual rate of 1.8 percent in the first quarter. Manufacturing output increased 0.5 percent in March, boosted in part by a gain of 3.1 percent in motor vehicles and parts; factory output excluding motor vehicles and parts moved up 0.3 percent. The index for mining fell 1.4 percent, and the index for utilities gained 2 percent. At 102.7 percent of its 2017 average, total industrial production in March was unchanged compared with its year-earlier level. Capacity utilization moved up to 78.4 percent in March, a rate that is 1.2 percentage points below its long-run (1972–2023) average.
April 15, 2024
G17: Industrial Production and Capacity Utilization - G.17April 05, 2024
G19: Data Download Program and Federal Reserve Economic Data PartnershipApril 02, 2024
FOR: Data Download Program and Federal Reserve Economic Data PartnershipApril 01, 2024
H10: Data Download Program and Federal Reserve Economic Data PartnershipMarch 29, 2024
H8: Data Download Program and Federal Reserve Economic Data PartnershipMarch 29, 2024
H8: Notice to Users of the H.8 ReleaseMarch 28, 2024
H41: Data Download Program and Federal Reserve Economic Data PartnershipMarch 28, 2024
SCOOS: Data Download Program and Federal Reserve Economic Data PartnershipMarch 26, 2024
PRATES: Data Download Program and Federal Reserve Economic Data PartnershipMarch 26, 2024
H15: Data Download Program and Federal Reserve Economic Data PartnershipMarch 26, 2024
CP: Data Download Program and Federal Reserve Economic Data PartnershipMarch 26, 2024
H6: Data Download Program and Federal Reserve Economic Data PartnershipMarch 26, 2024
H6: Money Stock RevisionsMarch 25, 2024
G20: Upcoming changes to the Finance Companies (G.20) releaseMarch 22, 2024
Z1: Enhanced Financial Accounts projects updatedMarch 15, 2024
G17: G.17 Data for February2024 are now availableIndustrial production and capacity utilization data for February 2024 are now available.
Industrial production edged up 0.1 percent in February after declining 0.5 percent in January. In February, the output of manufacturing rose 0.8 percent and the index for mining climbed 2.2 percent. Both gains partly reflected recoveries from weather-related declines in January. The index for utilities fell 7.5 percent in February because of warmer-than-typical temperatures. At 102.3 percent of its 2017 average, total industrial production in February was 0.2 percent below its year-earlier level. Capacity utilization for the industrial sector remained at 78.3 percent in February, a rate that is 1.3 percentage points below its long-run (1972–2023) average.
March 13, 2024
G17: Industrial Production and Capacity Utilization - G.17Note: Due to technical difficulties the "preview sample" page and the Data Download Program (DDP) may be intermittently slow or unavailable and will be updated as soon as possible. The G.17 release will be available on-time through https://www.federalreserve.gov/releases/g17/
March 07, 2024
H41: Changes to the H.4.1 to include information related to Municipal Liquidity Facility LLC and TALF II LLCMarch 07, 2024
G19: Upcoming changes to the Consumer Credit (G.19) releaseMarch 07, 2024
Z1: 2023:Q4 data now available for the Financial Accounts of the United StatesFebruary 23, 2024
Z1: 2023:Q4 preview now available for the Financial Accounts of the United StatesFebruary 15, 2024
G17: G.17 Data for January 2024 are now availableIndustrial production and capacity utilization data for January 2024 are now available.
Industrial production edged down 0.1 percent in January after recording no change in December. In January, manufacturing output declined 0.5 percent and mining output fell 2.3 percent; winter weather contributed to the declines in both sectors. The index for utilities jumped 6.0 percent, as demand for heating surged following a move from unusually mild temperatures in December to unusually cold temperatures in January. At 102.6 percent of its 2017 average, total industrial production in January was identical to its year-earlier level. Capacity utilization for the industrial sector moved down 0.2 percentage point in January to 78.5 percent, a rate that is 1.1 percentage points below its long-run (1972–2023) average.
February 14, 2024
G17: Industrial Production and Capacity Utilization - G.17Note: Due to technical difficulties the "preview sample" page and the Data Download Program (DDP) may be intermittently slow or unavailable and will be updated as soon as possible. The G.17 release will be available on-time through https://www.federalreserve.gov/releases/g17/
February 08, 2024
G17: Computer Storage Equipment Price Index ReleasedUpdated annual price indexes for computer storage equipment, the primary product of North American Industry Classification System (NAICS) industry 334112, "Computer Storage Device Manufacturing," have been released. These price indexes provide an estimate of price changes for computer storage equipment assuming that the quality of the device is unchanged. Data from IDC, a market research company specializing in information technology industries, were used to construct a matched-model quarterly price index, which was then converted to an annual index. This annual price index was first incorporated into the industrial production index for computer storage equipment at the time of the 2016 annual revision to the G.17 statistical release on industrial production and capacity utilization, which was published on April 1, 2016. The updated computer storage price index will be incorporated in the 2024 G.17 annual revision. More details on the data sources and index construction are available in a FEDS Note
February 01, 2024
H41: Change to the H.4.1 to include information related to MS Facilities LLCJanuary 26, 2024
H8: Notice to Users of the H.8 ReleaseJanuary 17, 2024
G17: G.17 Data for December 2023 are now availableIndustrial production and capacity utilization data for December 2023 are now available.
Industrial production moved up 0.1 percent in December and declined 3.1 percent at an annual rate in the fourth quarter. Manufacturing output edged up 0.1 percent in December after increasing 0.2 percent in November. The index for utilities declined 1.0 percent in December, while the index for mining rose 0.9 percent. At 102.5 percent of its 2017 average, total industrial production in December was 1 percent above its year-earlier level. Capacity utilization was unchanged in December at 78.6 percent, a rate that is 1.1 percentage points below its long-run (1972–2022) average.
January 16, 2024
G17: Industrial Production and Capacity Utilization - G.17Note: Due to technical difficulties the "preview sample" page and the Data Download Program (DDP) may be intermittently slow or unavailable and will be updated as soon as possible. The G.17 release will be available on-time through https://www.federalreserve.gov/releases/g17/ .
January 03, 2024
Z1: Files reposted to correct two series published in the December 7, 2023, Z.1 Financial Accounts of the United States releaseDecember 28, 2023
H41: Change to the H.4.1 to include information related to Municipal Liquidity Facility LLC and TALF II LLCDecember 18, 2023
H10: Updated weight tables go into effect on Monday, December 18th, 2023December 15, 2023
H8: Notice to Users of the H.8 ReleaseData on this H.8 release have been benchmarked through the September 2023 Call Report. Data on the previous release were benchmarked through the June 2023 Call Report. The release also incorporates revisions to underlying data. Notes on the Data for the following as-of dates have been added or revised to reflect additional information that became available after publication: July 6, 2022; October 5, 2022; January 4, 2023; and October 4, 2023.
Seasonal factors have not been updated for this benchmark release. Going forward, seasonal factors will be updated once per year, typically in the summer when the data are benchmarked through the March Call Report, or as needed. This methodological change will reduce volatility in the series and allow for a more thorough annual review of the seasonal factors.
December 15, 2023
Z1: Enhanced Financial Accounts projects updatedDecember 15, 2023
FOR: Financial Obligations Ratios (FOR) discontinuationDecember 15, 2023
SLOOS: Change in large bank definition in the October 2023 SLOOSDecember 15, 2023
G17: G.17 Data for November 2023 are now availableIndustrial production and capacity utilization data for November 2023 are now available.
In November, industrial production increased 0.2 percent, and manufacturing output rose 0.3 percent. The increase in manufacturing output was more than accounted for by a 7.1 percent bounceback in motor vehicles and parts production following the resolution of strikes at several major automakers. The index for manufacturing excluding motor vehicles and parts decreased 0.2 percent. The output of utilities moved down 0.4 percent, and the output of mines moved up 0.3 percent. Total industrial production in November was 0.4 percent below its year-earlier level. Capacity utilization moved up 0.1 percentage point to 78.8 percent in November, a rate that is 0.9 percentage point below its long-run (1972–2022) average.
December 14, 2023
G17: Industrial Production and Capacity Utilization - G.17 Data Download ProgramDecember 07, 2023
Z1: 2023:Q3 data now available for the Financial Accounts of the United StatesDecember 01, 2023
H8: Forthcoming H.8 Benchmark and Change to Seasonal Factor Update FrequencyDecember 01, 2023
Z1: 2023:Q3 preview now available for the Financial Accounts of the United StatesNovember 24, 2023
H41: Change to the H.4.1 to include information related to footnotes for certain lending facilitiesThe Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to reflect the Federal Reserve's return of a portion of Treasury's equity investment in the MS Facilities LLC (Main Street Lending Program), Municipal Liquidity Facility LLC, and TALF II LLC, which occurred on November 17, 2023. Footnote 15 in Factors Affecting Reserve Balances of Depository Institutions (table 1), footnote 14 in the Consolidated Statement of Condition of All Federal Reserve Banks (table 5), and footnote 9 in the Statement of Condition of Each Federal Reserve Bank (table 6) were revised accordingly.
November 16, 2023
G17: G.17 Data for October 2023 are now availableIndustrial production and capacity utilization data for October 2023 are now available.
Industrial production declined 0.6 percent in October. Manufacturing output fell 0.7 percent. Much of this decline was due to a 10 percent drop in the output of motor vehicles and parts that was affected by strikes at several major manufacturers of motor vehicles—the index for manufacturing excluding motor vehicles and parts edged up 0.1 percent. The index for utilities decreased 1.6 percent, and the output of mines increased 0.4 percent. Total industrial production in October was 0.7 percent below its year-earlier level. Capacity utilization moved down 0.6 percentage point to 78.9 percent in October, a rate that is 0.8 percentage point below its long-run (1972–2022) average.
November 02, 2023
H41: Change to the H.4.1 to include information related to MS Facilities LLCIn table 4, the outstanding amount of facility asset purchases for MS Facilities LLC (Main Street Lending Program) reflects the quarterly update to the allowance for loan losses. The allowance for loan losses was estimated based upon the Main Street Lending Program holdings as of September 30, 2023.
October 17, 2023
G17: G.17 Data for September 2023 are now availableIndustrial production and capacity utilization data for September 2023 are now available.
Industrial production increased 0.3 percent in September and advanced at an annual rate of 2.5 percent in the third quarter. Manufacturing output rose 0.4 percent in September, the index for mining moved up 0.4 percent, and the index for utilities decreased 0.3 percent. At 103.6 percent of its 2017 average, total industrial production in September was 0.1 percent above its year-earlier level. Capacity utilization moved up 0.2 percentage point to 79.7 percent in September, a rate that is equal to its long-run (1972–2022) average.
September 29, 2023
G17: Seasonal factors for motor vehicle sales have been releasedThe Federal Reserve has re-estimated seasonal factors for motor vehicle sales, using data through April 2023. These factors are estimated once per year using X13-ARIMA. The factors will be revised again in the summer of 2024.
A comma-delimited text file containing these seasonal factors is available for download here (CSV).
September 22, 2023
Z1: Enhanced Financial Accounts projects updatedSeptember 15, 2023
G17: G.17 Data for August 2023 are now availableIndustrial production and capacity utilization data for August 2023 are now available.
Industrial production increased 0.4 percent in August, and manufacturing output inched up 0.1 percent. The August reading for manufacturing was held back by a drop of 5 percent in the output of motor vehicles and parts; factory output elsewhere rose 0.6 percent. The index for mining moved up 1.4 percent, and the index for utilities climbed 0.9 percent. At 103.5 percent of its 2017 average, total industrial production in August was 0.2 percent above its year-earlier level. Capacity utilization moved up to 79.7 percent in August, in line with its long-run (1972–2022) average.
September 14, 2023
H15: Correction to Treasury rates for Wednesday, September 13, 2023September 08, 2023
H8: Forthcoming H.8 Benchmark to the June 2023 Call ReportSeptember 08, 2023
Z1: 2023:Q2 data now available for the Financial Accounts of the United StatesAugust 18, 2023
Z1: Next Z.1 release date is Friday September 8, 2023; at 12:00 noonAugust 16, 2023
G17: G.17 Data for July2023 are now availableIndustrial production and capacity utilization data for July 2023 are now available.
In July, total industrial production increased 1.0 percent following declines in the previous two months. Manufacturing output rose 0.5 percent in July; the production of motor vehicles and parts jumped 5.2 percent, while factory output elsewhere edged up 0.1 percent. The index for mining moved up 0.5 percent, and the index for utilities climbed 5.4 percent as very high temperatures in July raised demand for cooling. At 102.9 percent of its 2017 average, total industrial production in July was 0.2 percent below its year-earlier level. Capacity utilization moved up to 79.3 percent in July, a rate that is 0.4 percentage point below its long-run (1972–2022) average.
August 09, 2023
G17: Annual data on manufacturing investment and capital have been releasedAugust 04, 2023
H15: Updated Treasury rates for August 2, 2023 addedAugust 03, 2023
H41: Change to the H.4.1 to include information related to MS Facilities LLCAugust 01, 2023
G19: Upcoming changes to the Consumer Credit (G.19) releaseAugust 01, 2023
G20: Upcoming changes to the Finance Companies (G.20) release- In the G.20 Historical Data on Assets and Liabilities (https://www.federalreserve.gov/releases/g20/hist/fc_hist_q_levels.html, https://www.federalreserve.gov/releases/g20/hist/fc_hist_q_levels.html), the column "Notes, bonds, and debentures" will be renamed "Other debt financing". Data will remain the same.
- In the DDP data for Finance Companies (G.20), references to "Notes, bonds, and debentures" will be reclassified as "Other debt financing". Data will remain the same.
-In the DDP data for Finance Companies (G.20), data on "Non-recourse debt associated with financing activities" will stop being updated beyond March 2021. Historical data will continue to be available from December 2010 to March 2021. This data is an estimated subcomponent of "Other debt financing" and the Federal Reserve Board has not collected data on this measure since 2015.
July 18, 2023
G17: G.17 Data for June 2023 are now availableIndustrial production and capacity utilization data for June 2023 are now available.
Industrial production declined 0.5 percent in June for a second consecutive month but advanced 0.7 percent at an annual rate for the second quarter as a whole. Manufacturing output moved down 0.3 percent in June but rose 1.5 percent in the second quarter. In June, the indexes for mining and utilities fell 0.2 percent and 2.6 percent, respectively. At 102.2 percent of its 2017 average, total industrial production in June was 0.4 percent below its year-earlier level. Capacity utilization stepped down to 78.9 percent in June, a rate that is 0.8 percentage point below its long-run (1972–2022) average.
June 30, 2023
H8: Notice to Users of the H.8 ReleaseJune 23, 2023
H8: Forthcoming H.8 Benchmark and Changes to Data Reported on the H.8 ReleaseJune 22, 2023
SCOOS: SCOOS data now available on FREDJune 16, 2023
Z1: Enhanced Financial Accounts projects updatedJune 15, 2023
G17: G.17 Data for May 2023 are now availableIndustrial production and capacity utilization data for May 2023 are now available.
Industrial production edged down 0.2 percent in May following two consecutive months of increases. In May, the index for manufacturing ticked up 0.1 percent, while the indexes for mining and utilities fell 0.4 and 1.8 percent, respectively. At 103.0 percent of its 2017 average, total industrial production in May was 0.2 percent above its year-earlier level. Capacity utilization moved down to 79.6 percent in May, a rate that is 0.1 percentage point below its long-run (1972–2022) average./p>
June 08, 2023
Z1: 2023:Q1 data now available for the Financial Accounts of the United StatesJune 02, 2023
Z1: Next Z.1 release date is Thursday June 8, 2023; at 12:00 noonMay 25, 2023
H41: Change to the H.4.1 to include information related to footnotes for certain lending facilitiesMay 16, 2023
G17: G.17 Data for April 2023 are now availableIndustrial production and capacity utilization data for April 2023 are now available.
Industrial production rose 0.5 percent in April after moving sideways the previous two months. In April, manufacturing increased 1.0 percent, bolstered by a strong gain in the output of motor vehicles and parts; factory output excluding motor vehicles and parts moved up 0.4 percent. The index for mining rose 0.6 percent, while the index for utilities dropped 3.1 percent, as milder temperatures in April lowered demand for heating. At 103.0 percent of its 2017 average, total industrial production in April was 0.2 percent above its year-earlier level. Capacity utilization edged up to 79.7 percent in April, a rate that is equal to its long-run (1972–2022) average.
May 04, 2023
H41: Change to the H.4.1 to include information related to MS Facilities LLC and to provide additional information related to lending activitiesIn table 4, the outstanding amount of facility asset purchases for MS Facilities LLC (Main Street Lending Program) reflects the quarterly update to the allowance for loan losses. The allowance for loan losses was estimated based upon the Main Street Lending Program holdings as of March 31, 2023.
On May 1, 2023, the California Department of Financial Protection and Innovation closed First Republic Bank and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. For purposes of the H.4.1, the Federal Reserve's outstanding lending to First Republic Bank at the Discount Window and through the Bank Term Funding Program are now reflected in table 1 as "Other credit extensions". The outstanding loans are being repaid from assets left behind in the receivership, proceeds of the purchase and assumption agreement between the FDIC and JPMorgan Chase Bank, National Association, and pursuant to an FDIC guarantee.
April 14, 2023
G17: G.17 Data for March 2023 are now availableIndustrial production and capacity utilization data for March 2023 are now available.
Industrial production rose 0.4 percent in March and was little changed in the first quarter, increasing at an annual rate of 0.2 percent. In March, manufacturing and mining output each fell 0.5 percent. The index for utilities jumped 8.4 percent, as the return to more seasonal weather after a mild February boosted the demand for heating. At 103.0 percent of its 2017 average, total industrial production in March was 0.5 percent above its year-earlier level. Capacity utilization moved up to 79.8 percent in March, a rate that is 0.1 percentage point above its long-run (1972–2022) average.
March 28, 2023
G17: G.17 Annual Revision ReleasedThe Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. On net, revisions to total IP pushed its growth rates slightly lower in recent years; the rates of change for total IP have revised no more than 0.6 percentage point in any year. Similarly, the utilization rates for total industry are little changed from previous estimates.
March 24, 2023
Z1: Enhanced Financial Accounts projects updatedThe most recent data are available online at https://www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm. The following projects have been updated with the most recently available data: Issuer-to-Holder (From-Whom-To-Whom) Data; Distributional Financial Accounts; Household Debt by State, County, and MSA; Section 529 College Plans by State; Depository Institutions: Consolidated Balance Sheet; Depository Institutions: Off-Balance-Sheet Items; Depository Institutions: Mortgage and Consumer Loan Portfolios by Probability of Default; Hedge Funds; Money Market Mutual Funds: Investment Holdings Detail by Month; Funding Agreement-Backed Securities (FABS); Equity Issuance and Retirement; Syndicated Loan Portfolios of Financial Institutions; International Portfolio Investment Holdings of Long-term Securities by Country.
March 24, 2023
G17: G.17 Annual Revision Planned to be Released at noon (EDT) on March 28, 2023The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization at noon (EDT) on March 28, 2023. New annual benchmark data for manufacturing for 2021 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2022 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
March 17, 2023
G17: Seasonal Factors for domestic auto and truck production have been revisedSeasonal factors for auto and truck production were revised from January 2018 through June 2024 on March 17, 2023. The revised factors for September 2022 through February 2023 were used in the G.17 release issued on March 17, 2023, and the revised factors for earlier months will be incorporated into the production estimates at the time of the annual revision. The revised seasonal factors are based on production data through January 2023. The seasonal factors are scheduled to be revised again in March 2024.
March 17, 2023
G17: G.17 Annual Revision Planned to be Released on March 28, 2023The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization on March 28, 2023. New annual benchmark data for manufacturing for 2021 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2022 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
March 17, 2023
G17: G.17 Data for February 2023 are now availableIndustrial production and capacity utilization data for February 2023 are now available.
Industrial production was unchanged in February, and manufacturing output edged up 0.1 percent. The index for mining fell 0.6 percent, while the index for utilities rose 0.5 percent. At 102.6 percent of its 2017 average, total industrial production in February was 0.2 percent below its year-earlier level. Capacity utilization was unchanged in February at 78.0 percent, a rate that is 1.6 percentage points below its long-run (1972–2022) average.
March 16, 2023
H41: Change to the H.4.1 to include information related to the Bank Term Funding Program (BTFP)The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information related to the Bank Term Funding Program (BTFP). The Federal Reserve announced the BTFP on March 12, 2023, to facilitate lending to eligible U.S. depository institutions.
The BTFP began operations on March 13, 2023 and provides additional funding to eligible U.S. depository institutions by extending loans with a term of up to one year limited to the par value of eligible pledged collateral. Information for the facility is presented in tables 1, 2, 5, and 6.
Depository institutions are able to obtain liquidity against a wide range of collateral through the discount window. Factors affecting reserve balances of depository institutions (table 1) "other credit extensions" reports loans that were extended to depository institutions established by the Federal Deposit Insurance Corporation (FDIC). The Federal Reserve Banks' loans to these depository institutions are secured by collateral, and the FDIC provides repayment guarantees.
March 09, 2023
H6: Federal Reserve Board to make formatting changes to DDP XML filesMarch 09, 2023
Z1: Federal Reserve Board to make formatting changes to DDP XML filesMarch 09, 2023
SLOOS: Federal Reserve Board to make formatting changes to DDP XML filesMarch 09, 2023
SCOOS: Federal Reserve Board to make formatting changes to DDP XML filesMarch 09, 2023
PRATES: Federal Reserve Board to make formatting changes to DDP XML filesMarch 09, 2023
H41: Federal Reserve Board to make formatting changes to DDP XML filesMarch 09, 2023
H15: Federal Reserve Board to make formatting changes to DDP XML filesMarch 09, 2023
H10: Federal Reserve Board to make formatting changes to DDP XML filesMarch 09, 2023
H8: Federal Reserve Board to make formatting changes to DDP XML filesMarch 09, 2023
G20: Federal Reserve Board to make formatting changes to DDP XML filesMarch 09, 2023
G19: Federal Reserve Board to make formatting changes to DDP XML filesMarch 09, 2023
G17: Federal Reserve Board to make formatting changes to DDP XML filesMarch 09, 2023
FOR: Federal Reserve Board to make formatting changes to DDP XML filesMarch 09, 2023
CP: Federal Reserve Board to make formatting changes to DDP XML filesMarch 09, 2023
CHGDEL: Federal Reserve Board to make formatting changes to DDP XML filesMarch 09, 2023
Z1: 2022:Q4 data now available for the Financial Accounts of the United StatesMarch 06, 2023
Z1: Next Z.1 release date is Thursday March 9, 2023; at 12:00 noonFebruary 17, 2023
G20: Changes to Historical Data table headersFebruary 15, 2023
G17: G.17 Data for January 2023 are now availableIndustrial production and capacity utilization data for January 2023 are now available.
Industrial production was unchanged in January after falling 0.6 percent and 1.0 percent in November and December, respectively. In January, manufacturing output moved up 1.0 percent and mining output rose 2.0 percent following two months with substantial decreases for each sector. The output of utilities fell 9.9 percent in January, as a swing from unseasonably cool weather in December to unseasonably warm weather in January depressed the demand for heating. At 103.0 percent of its 2017 average, total industrial production in January was 0.8 percent above its year-earlier level. Capacity utilization declined 0.1 percentage point in January to 78.3 percent, a rate that is 1.3 percentage points below its long-run (1972–2022) average.
February 06, 2023
H10: Updated weight tables go into effect on Monday, February 6, 2023.February 02, 2023
H41: Change to the H.4.1 to include information related to MS Facilities LLCJanuary 18, 2023
G17: G.17 annual revision planned for the spring of 2023The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization in the spring of 2023. New annual benchmark data for manufacturing for 2021 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2022 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
January 18, 2023
G17: G.17 Data for December 2022 are now availableIndustrial production and capacity utilization data for December 2022 are now available.
Industrial production decreased 0.7 percent in December and 1.7 percent at an annual rate in the fourth quarter. In December, manufacturing output fell 1.3 percent amid widespread declines across the sector. The index for utilities jumped 3.8 percent, as cold temperatures boosted the demand for heating, while the index for mining moved down 0.9 percent. At 103.4 percent of its 2017 average, total industrial production in December was 1.6 percent above its year-earlier level. Capacity utilization dropped 0.6 percentage point in December to 78.8 percent, a rate that is 0.8 percentage point below its long-run (1972–2021) average.
December 16, 2022
Z1: Enhanced Financial Accounts projects updatedDecember 15, 2022
G17: G.17 Data for November 2022 are now availableIndustrial production and capacity utilization data for November 2022 are now available.
Industrial production declined 0.2 percent in November. Decreases of 0.6 percent for manufacturing and 0.7 percent for mining were partly offset by a rebound of 3.6 percent for utilities following three months of declines. At 104.5 percent of its 2017 average, total industrial production in November was 2.5 percent above its year-earlier reading. Capacity utilization moved down 0.2 percentage point in November to 79.7 percent, a rate that is 0.1 percentage point above its long-run (1972–2021) average.
December 09, 2022
Z1: 2022:Q3 data now available for the Financial Accounts of the United StatesDecember 02, 2022
Z1: Next Z.1 release date is Friday December 9, 2022; at 12:00 noonNovember 25, 2022
H41: Change to the H.4.1 to include information related to footnotes for certain lending facilitiesNovember 16, 2022
G17: G.17 Data for October 2022 are now availableIndustrial production and capacity utilization data for October 2022 are now available.
Industrial production decreased 0.1 percent in October, and its gain in September was revised down to 0.1 percent. Manufacturing output edged up 0.1 percent in October, and its increases in July, August, and September were all lower than previously reported. In October, the index for mining stepped down 0.4 percent, and the index for utilities fell 1.5 percent. At 104.7 percent of its 2017 average, total industrial production in October was 3.3 percent above its year-earlier reading. Capacity utilization decreased 0.2 percentage point in October to 79.9 percent, a rate that is 0.3 percentage point above its long-run (1972–2021) average.
November 08, 2022
CP: Commercial Paper (CP) data now availableOctober 18, 2022
G17: G.17 Data for September 2022 are now availableIndustrial production and capacity utilization data for September 2022 are now available.
Industrial production increased 0.4 percent in September and 2.9 percent at an annual rate in the third quarter. In September, manufacturing output rose 0.4 percent after advancing a similar amount in the previous month. The index for mining moved up 0.6 percent, and the index for utilities fell 0.3 percent. At 105.2 percent of its 2017 average, total industrial production in September was 5.3 percent above its year-earlier level. Capacity utilization moved up 0.2 percentage point in September to 80.3 percent, a rate that is 0.7 percentage point above its long-run (1972–2021) average.
September 30, 2022
H8: Notice to Users of the H.8 ReleaseSeptember 30, 2022
G17: Seasonal factors for motor vehicle sales have been releasedThe Federal Reserve has re-estimated seasonal factors for motor vehicle sales, using data through April 2022; in the estimation, sales data for January, March through May, August, and September 2021 are identified as outliers due to the disbursement of economic impact payments and the effect of supply chain bottlenecks on production. These factors are estimated once per year using X13-ARIMA. The factors will be revised again in the summer of 2023.
A comma-delimited text file containing these seasonal factors is available for download here (CSV).
September 23, 2022
Z1: Enhanced Financial Accounts projects updatedSeptember 15, 2022
G17: G.17 Data for August 2022 are now availableIndustrial production and capacity utilization data for August 2022 are now available.
Industrial production decreased 0.2 percent in August. Manufacturing output edged up 0.1 percent after increasing 0.6 percent in July. The index for mining was unchanged, and the index for utilities decreased 2.3 percent. At 104.5 percent of its 2017 average, total industrial production in August was 3.7 percent above its year-earlier level. Capacity utilization declined 0.2 percentage point in August to 80.0 percent, a rate that is 0.4 percentage point above its long-run (1972–2021) average.
September 09, 2022
Z1: 2022:Q2 data now available for the Financial Accounts of the United StatesSeptember 02, 2022
Z1: Next Z.1 release date is Friday September 9, 2022, at 12:00 noonAugust 16, 2022
G17: G.17 Data for July 2022 are now availableIndustrial production and capacity utilization data for July 2022 are now available.
In July, total industrial production increased 0.6 percent. Manufacturing output gained 0.7 percent after having fallen 0.4 percent in each of the two previous months. The production of motor vehicles and parts rose 6.6 percent, while factory output elsewhere moved up 0.3 percent. The index for mining increased 0.7 percent, while the index for utilities decreased 0.8 percent. At 104.8 percent of its 2017 average, total industrial production in July was 3.9 percent above its year-earlier level. Capacity utilization moved up 0.4 percentage point in July to 80.3 percent, a rate that is 0.7 percentage point above its long-run (1972–2021) average.
August 15, 2022
DDP: Federal Reserve Board seeks DDP users for online surveyThe Federal Reserve Board is conducting an online survey to collect data on online usage and consumption preferences of users of the Board's Data Download Program (DDP) website.
Visit our website to take the survey: https://boardofgovernors.gov1.qualtrics.com/jfe/form/SV_1I95KuU02McZSwS
August 12, 2022
G17: Annual data on manufacturing investment and capital have been releasedAugust 04, 2022
H41: Change to the H.4.1 to include information related to MS Facilities LLCIn table 4, the outstanding amount of facility asset purchases for MS Facilities LLC (Main Street Lending Program) reflects the quarterly update to the allowance for loan losses. The allowance for loan losses was estimated based upon the Main Street Lending Program holdings as of June 30, 2022.
July 15, 2022
G17: G.17 Data for June 2022 are now availableIndustrial production and capacity utilization data for June 2022 are now available.
Total industrial production moved down 0.2 percent in June but advanced at an annual rate of 6.1 percent for the second quarter as a whole. Manufacturing output declined 0.5 percent for a second consecutive month in June; even so, it rose at an annual rate of 4.2 percent in the second quarter. In June, the index for mining advanced 1.7 percent, while the index for utilities fell 1.4 percent. At 104.4 percent of its 2017 average, total industrial production in June was 4.2 percent above its year-earlier level. Capacity utilization decreased 0.3 percentage point in June to 80.0 percent, a rate that is 0.4 percentage point above its long-run (1972–2021) average.
July 12, 2022
Z1: Enhanced Financial Accounts data republishedJune 28, 2022
G17: G.17 Annual Revision ReleasedThe Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. The revision incorporates annual benchmark data for 2020 from the Annual Survey of Manufactures and data from other sources. The revision shows little revision to manufacturing IP growth and higher utilization rates in recent years.
June 17, 2022
Z1: Enhanced Financial Accounts projects updatedJune 17, 2022
G17: G.17 Data for May2022 are now availableIndustrial production and capacity utilization data for May 2022 are now available.
Total industrial production moved up 0.2 percent in May. Output has increased in every month of the year so far, with an average monthly gain of nearly 0.8 percent. In May, manufacturing output declined 0.1 percent after three months when growth averaged nearly 1 percent; the indexes for utilities and mining rose 1.0 percent and 1.3 percent, respectively, in May. At 105.7 percent of its 2017 average, total industrial production in May was 5.8 percent above its year-earlier level. Capacity utilization edged up to 79.0 percent, 0.5 percentage point below its long-run (1972–2021) average.
June 17, 2022
G17: G.17 Annual Revision Planned to be Released at noon (EDT) June 28, 2022The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization at noon (EDT) on June 28, 2022. New annual benchmark data for manufacturing for 2020 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator—either product data or input data—and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2021 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
June 09, 2022
Z1: 2022:Q1 data now available for the Financial Accounts of the United StatesJune 03, 2022
Z1: Next Z.1 release date is Thursday June 9, 2022; at 12:00 noonMay 26, 2022
H41: Change to the H.4.1 to include information related to footnotes for certain lending facilitiesMay 19, 2022
DDP: Federal Reserve Board seeks DDP users for focus groupsThe Federal Reserve Board is conducting focus groups to collect data on online usage and consumption preferences of users of the Board's Data Download Program (DDP) website.
Visit our Contact Us page, enter your information, and write "volunteer" in the comment box to sign up: https://www.federalreserve.gov/apps/ContactUs/feedback.aspx?refurl=/ddpfeedback/
May 17, 2022
G17: G.17 Data for April 2022 are now availableIndustrial production and capacity utilization data for April 2022 are now available.
In April, total industrial production increased 1.1 percent—the fourth consecutive month of gains of 0.8 percent or greater—and manufacturing output rose 0.8 percent. The index for utilities moved up 2.4 percent, and the index for mining advanced 1.6 percent. At 105.6 percent of its 2017 average, total industrial production in April was 6.4 percent above its year-earlier level. Capacity utilization climbed to 79.0 percent, a rate that is 0.5 percentage point below its long-run (1972–2021) average.
May 17, 2022
G17: G.17 Annual Revision Planned to be Released June 28, 2022The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization on June 28, 2022. New annual benchmark data for manufacturing for 2020 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator—either product data or input data—and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2021 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
April 15, 2022
H8: Changes to Items Reported on the H.8 Release as of April 6, 2022- The two Memoranda items covering net unrealized gains (losses) on available-for-sale securities have been discontinued: previous line item 42, Net unrealized gains (losses) on available-for-sale securities; and previous line item 43, Net unrealized gains (losses) on available-for-sale securities, U.S. Treasury and agency securities, MBS.
- As of April 6, 2022, line item 24, All other consumer loans, no longer includes any such loans held by foreign-related institutions. These loans are now included in line item 27, All loans not elsewhere classified.
- As of April 6, 2022, line item 27, All loans not elsewhere classified, includes all other consumer loans at foreign-related institutions, previously included in line item 24.
- As of April 6, 2022, line item 28, Allowance for loan and lease losses, no longer includes any allowances held by foreign-related institutions. Any allowances are included in line item 38, Net due to related foreign offices.
April 15, 2022
G17: G.17 Data for March 2022 are now availableIndustrial production and capacity utilization data for March 2022 are now available.
Total industrial production advanced 0.9 percent in March and rose at an annual rate of 8.1 percent for the first quarter. Manufacturing output gained 0.9 percent in March; the output of motor vehicles and parts jumped 7.8 percent, while factory output elsewhere moved up 0.4 percent. The index for utilities increased 0.4 percent, and the index for mining advanced 1.7 percent. At 104.6 percent of its 2017 average, total industrial production in March was 5.5 percent above its year-earlier level. Capacity utilization climbed to 78.3 percent, a rate that is 1.2 percentage points below its long-run (1972–2021) average.
March 28, 2022
CP: Commercial Paper (CP) data now availableMarch 25, 2022
H8: Notice to Users of the H.8 Release- The Notes on the Data are now in chronological order by the Wednesday-as-of-date corresponding to the activity, from the latest date to the earliest. Previously the notes were arranged by publication date. Notes reflecting activity on the same as-of date have been consolidated.
- Notes have been revised to reflect additional information that became available after publication, including revisions in either Reports of Condition and Income (Call Reports) or data submitted by panel respondents. Several new notes have been added for activity between 1999 and 2013.
- The line items listed in the notes correspond to the current line items of the H.8 release. For line items that have been discontinued since the original note publication, the discontinued items and associated structure change amounts are presented in parentheses following the current line items.
- The two Memoranda items covering net unrealized gains (losses) on available-for-sale securities will be discontinued: previous line item 42, Net unrealized gains (losses) on available-for-sale securities; and previous line item 43, Net unrealized gains (losses) on available-for-sale securities, U.S. Treasury and agency securities, MBS.
- As of April 6, 2022, line item 24, All other consumer loans, will no longer include any such loans held by foreign-related institutions. These loans are now included in line item 27, All loans not elsewhere classified.
- As of April 6, 2022, line item 27, All loans not elsewhere classified, will include all other consumer loans at foreign-related institutions, currently included in line item 24.
- As of April 6, 2022, line item 28, Allowance for loan and lease losses, will no longer include any allowances held by foreign-related institutions. Any allowances will be included in line item 38, Net due to related foreign offices.
March 22, 2022
H6: Money Stock RevisionsThis release includes seasonally adjusted measures of the monetary aggregates and components produced with revised seasonal factors, which were derived from data through December 2021 and estimated using the Census Bureau's X-13ARIMA-SEATS seasonal adjustment program.1 Appendix tables accompanying the release contain the revised seasonal factors for months from January 2021 to March 2023. The tables also contain revised seasonally adjusted M1 and M2 levels as well as revised seasonally adjusted M1 and M2 annualized growth rates for the last two years.
1. Information on the seasonal adjustment program is available on the U.S. Census Bureau website at https://www.census.gov/data/software/x13as.html.
March 18, 2022
Z1: Enhanced Financial Accounts projects updatedMarch 17, 2022
G17: G.17 Data for Feruary 2022 are now availableIndustrial production and capacity utilization data for February 2022 are now available.
Total industrial production rose 0.5 percent in February to a level that is 103.6 percent of its 2017 average. Manufacturing output increased 1.2 percent after having been little changed in each of the previous two months. In February, the index for utilities declined 2.7 percent, and the output of mines edged up 0.l percent.
Total industrial production in February was 7.5 percent higher than its year-earlier level, but severe winter weather in February 2021 significantly suppressed industrial activity that month. A more useful comparison shows that the index has advanced a still-strong 4.2 percent since January 2021. Capacity utilization for the industrial sector increased 0.3 percentage point in February to 77.6 percent, a rate that is 1.9 percentage points below its long-run (1972–2021) average.
March 17, 2022
G17: Seasonal Factors for domestic auto and truck production have been revisedSeasonal factors for auto and truck production were revised from January 2017 through June 2023 on March 17, 2022. The revised factors for September 2021 through February 2022 were used in the G.17 release issued on March 17, 2022, and the revised factors for earlier months will be incorporated into the production estimates at the time of the annual revision in the second quarter of 2022. The revised seasonal factors are based on production data through January 2022; in the estimation, production data for February and September 2021 are identified as outliers due to more intense supply chain disruptions; February data were also affected by severe winter weather. The seasonal factors are scheduled to be revised again in March 2023.
March 10, 2022
Z1: 2021:Q4 data now available for the Financial Accounts of the United StatesMarch 07, 2022
G19: Upcoming changes to the Consumer Credit (G.19) releaseMarch 04, 2022
Z1: Next Z.1 release date is Thursday March 10, 2022; at 12:00 noonFebruary 16, 2022
G17: G.17 Data for January 2022 are now availableIndustrial production and capacity utilization data for January 2022 are now available.
In January, total industrial production increased 1.4 percent. Manufacturing output and mining production rose 0.2 percent and 1.0 percent, respectively. The index for utilities jumped 9.9 percent; after being held down in December by unusually mild weather, the demand for heating surged in January with the arrival of significantly colder-than-normal temperatures. At 103.5 percent of its 2017 average, total industrial production in January was 4.1 percent higher than its year-earlier level and 2.1 percent above its pre-pandemic (February 2020) reading. Capacity utilization for the industrial sector increased 1.0 percentage point in January to 77.6 percent, a rate that is 1.9 percentage points below its long-run (1972–2021) average.
NOTE: The data in this release include preliminary estimates of industrial capacity for 2022 (table 8). Measured from fourth quarter to fourth quarter, total industrial capacity is projected to rise 0.9 percent this year after increasing 0.4 percent in 2021. Manufacturing capacity is expected to move up 0.3 percent in 2022 after edging up 0.1 percent in 2021. Capacity in the mining sector is estimated to rise 2.0 percent in 2022 after falling 1.1 percent in 2021. Capacity at electric and natural gas utilities is projected to increase 2.4 percent in 2022 after expanding 2.6 percent in 2021.
February 03, 2022
H41: Change to the H.4.1 to include information related to MS Facilities LLCIn table 4, the outstanding amount of facility asset purchases for MS Facilities LLC (Main Street Lending Program) reflects the quarterly update to the allowance for loan losses. The allowance for loan losses was estimated based upon the Main Street Lending Program holdings as of December 31, 2021.
January 14, 2022
G17: G.17 Data for December 2021 are now availableIndustrial production and capacity utilization data for December 2021 are now available.
Industrial production declined 0.1 percent in December. Losses of 0.3 percent for manufacturing and 1.5 percent for utilities were mostly offset by a gain of 2.0 percent for mining. For the fourth quarter as a whole, total industrial production rose at an annual rate of 4.0 percent. At 101.9 percent of its 2017 average, total industrial production in December was 3.7 percent higher than it was at the end of 2020 and 0.6 percent above its pre-pandemic (February 2020) reading. Capacity utilization for the industrial sector edged down 0.1 percentage point in December to 76.5 percent, a rate that is 3.1 percentage points below its long-run (1972–2020) average.
January 03, 2022
H10: Updated weight tables go into effect on Monday, January 3, 2022December 30, 2021
H41: Change to the H.4.1 to include information related to Corporate Credit Facilities LLCDecember 20, 2021
Z1: Banking EFAs data files repostedDecember 17, 2021
Z1: Enhanced Financial Accounts projects updatedDecember 16, 2021
G17: G.17 Data for November 2021 are now availableIndustrial production and capacity utilization data for November 2021 are now available.
Industrial production rose 0.5 percent in November. The indexes for both manufacturing and mining increased 0.7 percent, while the index for utilities decreased 0.8 percent.
At 102.3 percent of its 2017 average, total industrial production in November was 5.3 percent above its year-earlier level and at its highest reading since September 2019. Capacity utilization for the industrial sector increased 0.3 percentage point to 76.8 percent; even so, it was 2.8 percentage points below its long-run (1972–2020) average.
December 16, 2021
G17: G.17 annual revision planned for the second quarter of 2022The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization in the second quarter of 2022. New annual benchmark data for manufacturing for 2020 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2021 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
December 09, 2021
Z1: 2021:Q3 data now available for the Financial Accounts of the United StatesDecember 03, 2021
Z1: Next Z.1 release date is Thursday December 9, 2021; at 12:00 noonDecember 03, 2021
H8: Notice to Users of the H.8 ReleaseNovember 26, 2021
H41: Change to the H.4.1 to include information related to footnotes for certain lending facilitiesNovember 23, 2021
H6: Revisions to the H.6 Statistical ReleaseNovember 16, 2021
G17: G.17 Data for October 2021 are now availableIndustrial production and capacity utilization data for October 2021 are now available.
Industrial production rose 1.6 percent in October after falling 1.3 percent in September; about half of the gain in October reflected a recovery from the effects of Hurricane Ida. Manufacturing output increased 1.2 percent in October; excluding a large gain in the production of motor vehicles and parts, factory output moved up 0.6 percent. The output of utilities rose 1.2 percent, and mining output stepped up 4.1 percent.
At 101.6 percent of its 2017 average, total industrial production in October was 5.1 percent above its year-earlier level and at its highest reading since December 2019. In October, capacity utilization for the industrial sector increased 1.2 percentage points to 76.4 percent; even so, it was still 3.2 percentage points below its long-run (1972–2020) average.
November 04, 2021
H41: Change to the H.4.1 to include information related to MS Facilities LLCOctober 18, 2021
G17: G.17 Data for August 2021 are now availableIndustrial production and capacity utilization data for September 2021 are now available.
Industrial production fell 1.3 percent in September after moving down 0.1 percent in August; output was previously reported to have risen 0.4 percent in August. In September, manufacturing output decreased 0.7 percent: The production of motor vehicles and parts fell 7.2 percent, as shortages of semiconductors continued to hobble operations, while factory output elsewhere declined 0.3 percent. The output of utilities dropped 3.6 percent, as demand for cooling subsided after a warmer-than-usual August. Mining production fell 2.3 percent.
The lingering effects of Hurricane Ida more than accounted for the drop in mining in September; they also contributed 0.3 percentage point to the drop in manufacturing. Overall, about 0.6 percentage point of the drop in total industrial production resulted from the impact of the hurricane.
Despite the decrease in September, total industrial production rose 4.3 percent at an annual rate for the third quarter as a whole, its fifth consecutive quarter with a gain of at least 4 percent.
At 100.0 percent of its 2017 average, total industrial production in September was 4.6 percent above its year-earlier level. Capacity utilization for the industrial sector fell 1.0 percentage point in September to 75.2 percent, a rate that is 4.4 percentage points below its long-run (1972–2020) average.
October 05, 2021
G17: Annual data on manufacturing investment and capital have been releasedOctober 01, 2021
Z1: Enhanced Financial Accounts projects updatedSeptember 30, 2021
H41: Change to the H.4.1 to include information related to Corporate Credit Facilities LLCSeptember 30, 2021
CP: Revisions to Commercial Paper OutstandingSeptember 23, 2021
Z1: 2021:Q2 data now available for the Financial Accounts of the United StatesSeptember 17, 2021
Z1: Next Z.1 release date is Thursday September 23, 2021; at 12:00 noonSeptember 15, 2021
G17: G.17 Data for August 2021 are now availableIndustrial production and capacity utilization data for August 2021 are now available.
Industrial production increased 0.4 percent in August after moving up 0.8 percent in July. Late-month shutdowns related to Hurricane Ida held down the gain in industrial production by an estimated 0.3 percentage point. Although the hurricane forced plant closures for petrochemicals, plastic resins, and petroleum refining, overall manufacturing output rose 0.2 percent. Mining production fell 0.6 percent, reflecting hurricane-induced disruptions to oil and gas extraction in the Gulf of Mexico. The output of utilities increased 3.3 percent, as unseasonably warm temperatures boosted demand for air conditioning.
At 101.6 percent of its 2017 average, total industrial production in August was 5.9 percent above its year-earlier level and 0.3 percent above its pre-pandemic (February 2020) level. Capacity utilization for the industrial sector rose 0.2 percentage point in August to 76.4 percent, a rate that is 3.2 percentage points below its long-run (1972–2020) average.
September 14, 2021
CP: Commercial Paper (CP) data now availableSeptember 09, 2021
G17: Communications Equipment Price Indexes ReleasedThe Federal Reserve has released updated communications equipment quarterly price indexes. The Quarterly Product Price Indexes are extended through 2019Q4. The Annual Product Price Indexes, Annual Industry Price Indexes, and Industry Weights have not been extended or updated. Comma-delimited text files and an Excel workbook containing quarterly and annual data are available for download. The data are also available as HTML tables.
August 24, 2021
H6: Money Stock Revisions1. Revised quarterly data are from the commercial bank Consolidated Reports of Condition and Income (FFIEC 031, 041, and 051; OMB No. 7100-0036), the credit union Statement of Financial Condition (NCUA 5300/5300SF; OMB No. 3133-0004), and the discontinued quarterly collection of the Report of Deposits and Vault Cash (FR 2900; OMB No. 7100-0087).
2. Information on foreign currency denominated deposits are reported quarterly on the Report of Foreign (Non-U.S.) Currency Deposits (FR 2915; OMB No. 7100-0237) and subtracted from the appropriate component when constructing the monetary aggregates.
August 17, 2021
G17: G.17 Data for July 2021 are now availableIndustrial production and capacity utilization data for July 2021 are now available.
Industrial production increased 0.9 percent in July after moving up 0.2 percent in June. In July, manufacturing output rose 1.4 percent. About half of the gain in factory output is attributable to a jump of 11.2 percent for motor vehicles and parts, as a number of vehicle manufacturers trimmed or canceled their typical July shutdowns. Despite the large increase last month, vehicle assemblies continued to be constrained by a persistent shortage of semiconductors; the production of motor vehicles and parts in July was about 3-1/2 percent below its recent peak in January 2021. The output of utilities decreased 2.1 percent in July, while the index for mining rose 1.2 percent.
At 101.1 percent of its 2017 average, total industrial production in July was 6.6 percent above its year-earlier level but 0.2 percent below its pre-pandemic (February 2020) level. Capacity utilization for the industrial sector rose 0.7 percentage point in July to 76.1 percent, a rate that is 3.5 percentage points below its long-run (1972–2020) average.
August 05, 2021
H41: Change to the H.4.1 to include information related to MS Facilities LLCIn table 4, the outstanding amount of facility asset purchases for MS Facilities LLC (Main Street Lending Program) reflects the quarterly update to the allowance for loan losses. The allowance for loan losses was estimated based upon the Main Street Lending Program holdings as of June 30, 2021.
July 30, 2021
G17: Seasonal factors for motor vehicle sales have been releasedThe Federal Reserve has re-estimated seasonal factors for motor vehicle sales, using data through April 2021. These factors are estimated once per year using X-13 ARIMA; in the estimation, sales data for March through August 2020 are identified as outliers due to the pandemic recession. The factors will be revised again in the summer of 2022. A comma-delimited text file containing these seasonal factors is available for download here (CSV).
July 28, 2021
PRATES: IORB Rate Replaces IORR and IOER RatesJuly 22, 2021
H41: Change to the H.4.1 to include information related to CPFF II LLCThe Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to reflect closing the Commercial Paper Funding Facility II LLC (CPFF II LLC). CPFF II LLC related lines were removed from table 2, table 4, and table 6. Footnote 1 in Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities (table 2) and Footnotes 2 and 3 in Information on Principal Amounts of Credit Facilities LLCs (table 4) were revised accordingly.
July 15, 2021
G17: G.17 Data for June 2021 are now availableIndustrial production and capacity utilization data for June 2021 are now available.
Industrial production increased 0.4 percent in June after moving up 0.7 percent in May. In June, manufacturing output edged down 0.1 percent, as an ongoing shortage of semiconductors contributed to a decrease of 6.6 percent in the production of motor vehicles and parts. Excluding motor vehicles and parts, factory output increased 0.4 percent. The output of utilities advanced 2.7 percent, reflecting heightened demand for air conditioning, as much of the country experienced a heat wave in June. The index for mining increased 1.4 percent.
For the second quarter as a whole, total industrial production rose at an annual rate of 5.5 percent. Manufacturing output increased at an annual rate of 3.7 percent despite a drop of 22.5 percent for motor vehicles and parts.
At 100.1 percent of its 2017 average, total industrial production in June was 9.8 percent above its year-earlier level but 1.2 percent below its pre-pandemic (February 2020) level. Capacity utilization for the industrial sector rose 0.3 percentage point in June to 75.4 percent, a rate that is 4.2 percentage points below its long-run (1972–2020) average.
July 01, 2021
H41: Change to the H.4.1 to include information related to CPFF II LLCThe Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to reflect the Federal Reserve's full return of the Treasury's equity investment in the Commercial Paper Funding Facility II LLC (CPFF II LLC), which occurred on June 29, 2021. Footnote 14 in Factors Affecting Reserve Balances of Depository Institutions (table 1) and Consolidated Statement of Condition of All Federal Reserve Banks (table 5) and footnote 9 in Statement of Condition of Each Federal Reserve Bank (table 6) were revised accordingly.
Additionally, the outstanding amount of facility asset purchases reported in Information on Principal Accounts of Credit Facilities LLCs (table 4) has been modified to reflect corporate bonds at fair value instead of book value following the June 2, 2021 announcement to begin winding down the Corporate Credit Facilities LLC portfolio. (https://www.federalreserve.gov/newsevents/pressreleases/monetary20210602a.htm)
June 21, 2021
Z1: Enhanced Financial Accounts projects updatedThe most recent data are available online at https://www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm. The following projects have been updated with the most recently available data: Distributional Financial Accounts; Household Debt by State, County, and MSA; Depository Institutions: Consolidated Balance Sheet; Depository Institutions: Off-Balance-Sheet Items; Depository Institutions: Mortgage and Consumer Loan Portfolios by Probability of Default; Hedge Funds; Money Market Mutual Funds: Investment Holdings Detail by Month; Funding Agreement-Backed Securities (FABS); Equity Issuance and Retirement; Syndicated Loan Portfolios of Financial Institutions; International Portfolio Investment Holdings of Long-term Securities by Country.
June 15, 2021
Z1: Erratum for the June 10, 2021 Financial Accounts publicationIncorrect values were published for four annual data series shown as memo items on table B.103 lines 44, 45, and 46 (series FL103164106.A, FL104104016.A, and FL104104006.A), and table B.104 line 41 (FL114104006.A). The incorrect values were published in DDP and in files showing years 2017-2020 for B.103 and B.104, including the Z.1 PDF file, Z.1 release page HTML tables, Financial Accounts Guide PDF files, and the Financial Accounts Guide HTMLs.
Published quarterly data series values are correct ((FL103164106.Q, FL104104016.Q, FL104104006.Q, and FL114104006.Q) and the year-end equivalent Q4 values continue to be available via DDP at https://www.federalreserve.gov/datadownload/Choose.aspx?rel=z1, and via the zipped CSV files at https://www.federalreserve.gov/releases/z1/20210610/z1_csv_files.zip.
Data corrections will be reflected in the next Z.1 release on Thursday, September 23, 2021, at 12:00 noon.
June 15, 2021
G17: G.17 Data for May 2021 are now availableIndustrial production and capacity utilization data for May 2021 are now available.
Total industrial production increased 0.8 percent in May. Manufacturing production advanced 0.9 percent, reflecting, in part, a large gain in motor vehicle assemblies; factory output excluding motor vehicles and parts increased 0.5 percent. The indexes for mining and utilities rose 1.2 percent and 0.2 percent, respectively.
In May, at 99.9 percent of its 2017 average, total industrial production was 16.3 percent higher than it was a year earlier but 1.4 percent lower than its pre-pandemic (February 2020) level. Capacity utilization for the industrial sector rose 0.6 percentage point in May to 75.2 percent, a rate that is 4.4 percentage points below its long-run (1972–2020) average.
June 10, 2021
Z1: 2021:Q1 data now available for the Financial Accounts of the United StatesJune 04, 2021
Z1: Next Z.1 release date is Thursday June 10, 2021; at 12:00 noonMay 28, 2021
G17: G.17 Annual Revision ReleasedMay 14, 2021
G17: G.17 Data for April 2021 are now availableIndustrial production and capacity utilization data for April 2021 are now available.
Total industrial production increased 0.7 percent in April. The indexes for mining and utilities increased 0.7 percent and 2.6 percent, respectively; the index for manufacturing rose 0.4 percent despite a drop in motor vehicle assemblies that principally resulted from shortages of semiconductors. An important contributor to the gain in factory output was the return to operation of plants that were damaged by February's severe weather in the south central region of the country and had remained offline in March. The weather-induced drop in total industrial production in February and the subsequent rebound in March are now estimated to have been larger than reported last month.
At 106.3 percent of its 2012 average in April, total industrial production has moved up 16.5 percent from its level in April 2020 (the trough of the pandemic), but it was 2.7 percent below its pre-pandemic (February 2020) level. Capacity utilization for the industrial sector rose 0.5 percentage point in April to 74.9 percent, a rate that is 4.7 percentage points below its long-run (1972–2020) average.
May 14, 2021
G17: G.17 Annual Revision Planned to be Released May 28, 2021The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization at noon (EDT) on May 28, 2021. The base year for the revised indexes will be 2017. New annual benchmark data for manufacturing for 2017 through 2019 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The weights for market-group splits of the industry-level indexes will be updated with information from the 2012 benchmark input-output accounts from the U.S. Bureau of Economic Analysis. The updated IP indexes will include revisions to the monthly production indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2020 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
May 06, 2021
H41: Change to the H.4.1 to include information related to MS Facilities LLC.In table 4, the outstanding amount of facility asset purchases for MS Facilities LLC (Main Street Lending Program) reflects the quarterly update to the allowance for loan losses. The allowance for loan losses was estimated based upon the Main Street Lending Program holdings as of March 31, 2021 and does not indicate actual losses experienced by the program.
May 03, 2021
CP: Commercial Paper ReleaseThe April 2021 Commercial Paper outstanding data are now available in the Data Download Program (DDP).
The data are available at: http://www.federalreserve.gov/datadownload/Choose.aspx?rel=CP
April 20, 2021
G17: Corrections to seasonal factors for domestic auto and truck production have beeen releasedThe seasonal factors for domestic and auto truck production released on April 15, 2021, have been updated for the period January 2015 to June 2022 on April 20, 2021, to correct for a reporting error.
April 15, 2021
G17: Seasonal Factors for domestic auto and truck production have been revisedSeasonal factors for auto and truck production were revised from January 2016 through June 2022 on April 15, 2021. The revised factors for October 2020 through March 2021 were used in the G.17 release issued on April 15, 2021, and the revised factors for earlier months will be incorporated into the production estimates at the time of the annual revision in the spring of 2021. The revised seasonal factors are based on production data through January 2021; in the estimation, production data for March through May 2020 are identified as outliers due to the pandemic recession. The seasonal factors are scheduled to be revised again in March 2022.
April 15, 2021
G17: G.17 Data for March 2021 are now availableIndustrial production and capacity utilization data for March 2021 are now available.
In March, total industrial production increased 1.4 percent. The gain in March followed a drop of 2.6 percent in February, which largely resulted from widespread outages related to severe winter weather in the south central region of the country. For the first quarter as a whole, total industrial production rose 2.5 percent at an annual rate. In March, manufacturing production and mining output increased 2.7 percent and 5.7 percent, respectively. The output of utilities dropped 11.4 percent, as the demand for heating fell because of a swing in temperatures from an unseasonably cold February to an unseasonably warm March.
At 105.6 percent of its 2012 average, total industrial production in March was 1.0 percent higher than its year-earlier level, but it was 3.4 percent below its pre-pandemic (February 2020) level. Capacity utilization for the industrial sector increased 1.0 percentage point in March to 74.4 percent, a rate that is 5.2 percentage points below its long-run (1972–2020) average.
April 12, 2021
H10: Foreign Exchange Rates – Revision of Broad and EME dollar indexes for H.10/G.5/G.5AApril 01, 2021
Z1: 2020:Q4 data correctionThe following tables and lines were updated for 2020:Q4 to reflect corrections to the underlying input series mentioned above: B.1, lines 1-3, 7, and 31-36; L.100, lines 1 and 24; L.101, lines 1 and 22; L.229, lines 1 and 2; B.101, lines 1-3, 5, 9, 28, 40, and 50; B.103, lines 1-3, 39, 43, and 45; B.104, lines 1-4, 36, and 39; R.101, lines 1, 16-18, 22, 28, and 32; R.103, lines 1, 16-18, and 31; R.104, lines 1, 15-17, and 26; B.101.h, lines 1, 5, 18, and 27-31; B.101.n, lines 1-3, and 30; B.101.e, lines 1-3, 22, and 24-28; S.2.q, lines 62-64, 69, 70, 71, and 76-78; S.3.q, lines 76, 77, 81, 85, 88-92, 96, 110, 114, 123, and 134; and S.4.q, lines 60-62, 71-74, 76, 101, and 113; S.5.q, lines 78, 79, 92-96, 127, and 148.
In addition, table B.1, line 8; B.104, line 3; S.4.a line 82; and S.4.q, line 75 previously displayed incorrect values for LM115035005. LM115035005 has been corrected for all time periods to match FL115035005.
March 26, 2021
H8: Revisions to H.8 DDP dataMarch 23, 2021
H6: Money Stock Revisions
1. Information on the seasonal adjustment program is available on the U.S. Census Bureau website at https://www.census.gov/srd/www/x13as.
March 19, 2021
Z1: Enhanced Financial Accounts projects updatedMarch 16, 2021
G17: G.17 Data for February 2021 are now availableIndustrial production and capacity utilization data for February 2021 are now available.
In February, total industrial production decreased 2.2 percent. Manufacturing output and mining production fell 3.1 percent and 5.4 percent, respectively; the output of utilities increased 7.4 percent.
The severe winter weather in the south central region of the country in mid-February accounted for the bulk of the declines in output for the month. Most notably, some petroleum refineries, petrochemical facilities, and plastic resin plants suffered damage from the deep freeze and were offline for the rest of the month. Excluding the effects of the winter weather would have resulted in an index for manufacturing that fell about 1/2 percent and in an index for mining that rose about 1/2 percent. Both indexes would have remained below their pre-pandemic (February 2020) levels.
At 104.7 percent of its 2012 average, total industrial production in February was 4.2 percent lower than its year-earlier level. Capacity utilization for the industrial sector decreased 1.7 percentage points in February to 73.8 percent, a rate that is 5.8 percentage points below its long-run (1972–2020) average.
March 11, 2021
Z1: 2020:Q4 data now available for the Financial Accounts of the United StatesMarch 05, 2021
Z1: Next Z.1 release date is Thursday March 11, 2021; at 12:00 noonFebruary 25, 2021
H41: Change to the H.4.1 to include information related to MS Facilities LLC.In table 4, the outstanding amount of facility asset purchases for MS Facilities LLC (Main Street Lending Program) reflects the quarterly update to the allowance for loan losses. The allowance for loan losses was estimated based upon the Main Street Lending Program holdings as of December 31, 2020 and does not indicate actual losses experienced by the program.
February 23, 2021
H6: First Monthly H.6 Statistical ReleaseAs announced on December 17, 2020, the Board's Statistical Release H.6, "Money Stock Measures," will recognize savings deposits as a type of transaction account, starting with the publication today. This recognition reflects the Board's action on April 24, 2020, to remove the regulatory distinction between transaction accounts and savings deposits by deleting the six-per-month transfer limit on savings deposits in Regulation D. This change means that savings deposits have had a similar regulatory definition and the same liquidity characteristics as the transaction accounts reported as "Other checkable deposits" on the H.6 statistical release since the change to Regulation D. Consequently, today's H.6 statistical release combines release items "Savings deposits" and "Other checkable deposits" retroactively back to May 2020 and includes the resulting sum, reported as "Other liquid deposits," in the M1 monetary aggregate. This action increases the M1 monetary aggregate significantly while leaving the M2 monetary aggregate unchanged.
Today's H.6 statistical release also implements a number of streamlining modifications, also previously announced. The H.6 statistical release is now published at a monthly frequency and contains only monthly average data needed to construct the monetary aggregates. Components of the monetary aggregates are reported at a total industry level without a breakdown by banks and thrifts. The release is available at 1:00 p.m. on the fourth Tuesday of every month in only one format—HTML.
For more information on the first monthly H.6 statistical release, see the H.6 Technical Q&As. Retroactive updates to transaction accounts and savings deposits data back to May 2020 along with historical data for discontinued release items are available in the "build your own" and preformatted packages associated with the H.6 release in the Download Program (DDP). The DDP for the H.6 statistical release will also contain weekly average, nonseasonally adjusted data for the monetary aggregates and their components. Even though these data have been dropped from the release, the DDP will contain historical weekly average, nonseasonally adjusted data back to 1975 or the early 1980s, depending on the release item, and through the weeks constituting the last month published on the monthly H.6 statistical release.
February 18, 2021
H41: Change to the H.4.1 ASCII format data tablesAs of March 4, 2021 the ASCII format data tables for the H.4.1 Factors Affecting Reserve Balances will no longer be available on this webpage. Historical data tables will continue to be available and current data will continue to be available through the Data Download Program and HTML.
February 17, 2021
G17: G.17 Data for January 2021 are now availableIndustrial production and capacity utilization data for January 2021 are now available.
Industrial production increased 0.9 percent in January. Manufacturing output rose 1.0 percent, about the same as its average gain over the previous five months. Mining production advanced 2.3 percent, while the output of utilities declined 1.2 percent. At 107.2 percent of its 2012 average, total industrial production in January was 1.8 percent lower than its year-earlier level. Capacity utilization for the industrial sector increased 0.7 percentage point in January to 75.6 percent, a rate that is 4.0 percent below its long-run (1972–2020) average.
Note: The data in this release include preliminary estimates of industrial capacity for 2021 (table 8). Measured from fourth quarter to fourth quarter, total industrial capacity is projected to rise 0.5 percent this year after being unchanged in 2020. Manufacturing capacity is expected to edge up 0.2 percent in 2021 after slipping 0.2 percent in 2020. Capacity in the mining sector is estimated to drop 1.7 percent in 2021 after falling 2.1 percent in 2020. Capacity at electric and natural gas utilities is projected to increase 2.6 percent in 2021 after expanding 3.2 percent in 2020.
February 11, 2021
H6: Final Weekly H.6 Statistical ReleaseFebruary 05, 2021
H8: Revisions to H.8 DDP dataData released on January 22, 2021 included revised historical data for three series between 1973 and 2009. The three revised series were: other assets including trading assets; borrowings; and other liabilities including trading liabilities. No other historical data were revised.
As background, on January 12, 2018, several changes to line items shown on the H.8 release were announced. Some of the changes involved the combination of series that had previously been available separately. Three such changes were:
1. Trading assets, previously published separately, became part of other assets;
2. Similarly, trading liabilities became part of other liabilities;
3. Borrowings from banks and borrowings from nonbanks, previously published separately, became borrowings.
At the time of the announcement, historical data for these three newly combined series were made available back to 2010. Recently, estimations of these three series were constructed for periods prior to 2010, and the data were made available through the Data Download Program as of January 22, 2021.
February 01, 2021
H10: Updated weight tables go into effect on Monday February 1, 2021January 28, 2021
H6: Revisions to the H.6 Statistical ReleaseJanuary 15, 2021
G17: G.17 Data for December 2020 are now availableIndustrial production and capacity utilization data for December 2020 are now available.
Industrial production advanced 1.6 percent in December, with gains of 0.9 percent for manufacturing, 1.6 percent for mining, and 6.2 percent for utilities. The increase for utilities resulted from a rebound in demand for heating after unseasonably warm weather in November. For the fourth quarter as a whole, total industrial production rose at an annual rate of 8.4 percent. At 105.7 percent of its 2012 average, total industrial production in December was 3.6 percent lower than it was a year earlier and 3.3 percent below its pre-pandemic February reading. Capacity utilization for the industrial sector rose 1.1 percentage points in December to 74.5 percent, a rate that is 5.3 percentage points below its long-run (1972–2019) average.
January 14, 2021
H41: Change to the H.4.1 to include information related to footnotes for MS Facilities LLC (Main Street Lending Program)January 07, 2021
H41: Change to the H.4.1 to include information related to footnotes for certain lending facilitiesDecember 17, 2020
H6: Revisions to the H.6 Statistical ReleaseAs announced on March 15, 2020, the Board of Governors reduced reserve requirement ratios on net transaction accounts to 0 percent, effective March 26, 2020. This action eliminated reserve requirements for all depository institutions and rendered the regulatory distinction between reservable "transaction accounts" and nonreservable "savings deposits" unnecessary. On April 24, 2020, the Board removed this regulatory distinction by deleting the six-per-month transfer limit on savings deposits in Regulation D. This action resulted in savings deposits having the same liquidity characteristics as the transaction accounts currently reported as "Other checkable deposits" on Statistical Release H.6, "Money Stock Measures."
Because of the change in their liquidity characteristics, savings deposits will be recognized as a type of transaction account on the H.6 statistical release. The Board will combine H.6 statistical release items "Savings deposits" and "Other checkable deposits" and report the resulting sum as "Other liquid deposits." Like other transaction accounts, other liquid deposits will be included in the M1 monetary aggregate. This action will increase the M1 monetary aggregate significantly while leaving the M2 monetary aggregate unchanged.
At the same time next year, the Board will make a number of modifications to streamline the H.6 statistical release. Of particular note, the publication frequency of the release will change from weekly to monthly, and the release will contain only monthly average data. Weekly average, nonseasonally adjusted data will continue to be provided in the Board's Data Download Program, while weekly average, seasonally adjusted data will no longer be provided. Other release modifications will include (1) providing components of the monetary aggregates at a total industry level without a breakdown of components by banks and thrifts; (2) reporting only data used to construct the monetary aggregates, thereby eliminating items superfluous to that purpose; and (3) making the release available in only one format—HTML.
The last weekly H.6 statistical release will be published on February 11, 2021. The first monthly H.6 statistical release containing the revisions previously discussed will be published on February 23, 2021, inclusive of retroactive updates to the data back to May 2020. For supplemental information on the revisions to the H.6 statistical release, see the Technical Q&As associated with the release.
December 15, 2020
G17: G.17 Data for November 2020 are now availableIndustrial production and capacity utilization data for November 2020 are now available.
Industrial production increased 0.4 percent in November. After having fallen 16.5 percent between February and April, the level of the index has risen to about 5 percent below its pre-pandemic (February) reading. In November, manufacturing output advanced 0.8 percent for its seventh consecutive monthly gain. An increase of 5.3 percent for motor vehicles and parts contributed significantly to the gain in factory production; excluding motor vehicles and parts, manufacturing output moved up 0.4 percent. The output of utilities declined 4.3 percent, as warmer-than-usual temperatures reduced the demand for heating. Mining production increased 2.3 percent after decreasing 0.7 percent in October.
December 10, 2020
Z1: 2020:Q3 data now available for the Financial Accounts of the United StatesDecember 04, 2020
Z1: Next Z.1 release date is Thursday December 10, 2020; at 12:00 noonNovember 17, 2020
G17: G.17 Data for October 2020 are now availableIndustrial production and capacity utilization data for October 2020 are now available.
Industrial production rose 1.1 percent in October. The index has recovered much of its 16.5 percent decline from February to April, but output in October was still 5.6 percent lower than its pre-pandemic February level. After edging up 0.1 percent in September, manufacturing output increased 1.0 percent in October. The output of utilities rose 3.9 percent, while the output at mines declined 0.6 percent to a level that was 14.4 percent below its year-earlier reading. At 103.2 percent of its 2012 average, total industrial production was 5.3 percent lower in October than it was a year earlier. Capacity utilization for the industrial sector increased 0.8 percentage point in October to 72.8 percent, a rate that is 7.0 percentage points below its long-run (1972–2019) average but 8.6 percentage points above its low in April.
November 05, 2020
H41: Change to the H.4.1 to include information related to MS Facilities LLC.October 19, 2020
Z1: DFA data visualizationsOctober 16, 2020
G17: G.17 annual revision planned for early 2021The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization in early 2021. New annual benchmark data for manufacturing for 2017 and 2018 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The weights for market-group splits of the industry-level indexes will be updated with information from the 2012 benchmark input-output accounts from the U.S. Bureau of Economic Analysis. The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2019 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
October 16, 2020
G17: G.17 Data for September 2020 are now availableIndustrial production and capacity utilization data for September 2020 are now available.
Industrial production fell 0.6 percent in September, its first decline after four consecutive months of gains. The index increased at an annual rate of 39.8 percent for the third quarter as a whole. Although production has recovered more than half of its February to April decline, the September reading was still 7.1 percent below its pre-pandemic February level. Manufacturing output decreased 0.3 percent in September and was 6.4 percent below February's level. The output of utilities dropped 5.6 percent, as demand for air conditioning fell by more than usual in September. Mining production increased 1.7 percent in September; even so, it was 14.8 percent below a year earlier. At 101.5 percent of its 2012 average, total industrial production was 7.3 percent lower in September than it was a year earlier. Capacity utilization for the industrial sector decreased 0.5 percentage point in September to 71.5 percent, a rate that is 8.3 percentage points below its long-run (1972–2019) average but 7.3 percentage points above its low in April.
October 02, 2020
Z1: Enhanced Financial Accounts projects updatedSeptember 24, 2020
H6: H.3 Statistical Release Consolidated onto the H.6 Statistical ReleaseThe Board's Statistical Release H.6, "Money Stock Measures," includes, for the first time, release items previously published on Statistical Release H.3, "Aggregate Reserves of Depository Institutions and the Monetary Base," that remain relevant after the elimination of reserve requirements. The H.3 release items consolidated onto the H.6 statistical release include the monetary base and nonborrowed reserves and their components. The components of these concepts—specifically, (1) "Currency in circulation" and "Total balances maintained" for the monetary base and (2) "Total reserves" and "Total borrowings from the Federal Reserve" for nonborrowed reserves—also now appear on the H.6 statistical release. In addition, references to traveler's checks have been removed from the release.
For more information on the consolidated H.6 release, see the H.6 Technical Q&As. Data on the newly consolidated H.6 release items, including historical data back to January 1959, are available in the "build your own" and preformatted packages associated with the H.6 statistical release in the Data Download Program (DDP). The DDP for the H.6 statistical release no longer contains the historical preformatted packages that were retired in 2012. The H.6 release items contained in those tables, as well as all other H.6 items, are available in the monthly or weekly "H.6 statistical release" preformatted packages.
September 24, 2020
H3: H.3 Statistical Release Consolidated onto the H.6 Statistical ReleaseThe last H.3 statistical release was published on September 17, 2020. Certain H.3 release items were consolidated onto the H.6 statistical release as of September 24, 2020. For more information on the consolidation and related changes, please see the announcements posted on August 20, 2020 and September 24, 2020.
September 21, 2020
Z1: 2020:Q2 data now available for the Financial Accounts of the United StatesSeptember 17, 2020
H3: Final H.3 Statistical ReleaseSeptember 15, 2020
Z1: Next Z.1 release date is Monday, September 21, 2020; at 12:00 noonSeptember 15, 2020
G17: G.17 Data for August 2020 are now availableIndustrial production and capacity utilization data for August 2020 are now available.
Industrial production rose 0.4 percent in August for its fourth consecutive monthly increase. However, even after the recent gains, the index in August was 7.3 percent below its pre-pandemic February level. Manufacturing output continued to improve in August, rising 1.0 percent, but the gains for most manufacturing industries have gradually slowed since June. Mining production fell 2.5 percent in August, as Tropical Storm Marco and Hurricane Laura caused sharp but temporary drops in oil and gas extraction and well drilling. The output of utilities moved down 0.4 percent. At 101.4 percent of its 2012 average, the level of total industrial production was 7.7 percent lower in August than it was a year earlier. Capacity utilization for the industrial sector increased 0.3 percentage point in August to 71.4 percent, a rate that is 8.4 percentage points below its long-run (1972–2019) average but 7.3 percentage points above its low in April.
September 04, 2020
CP: Commercial Paper (CP) data now availableSeptember 02, 2020
H15: H.15 Selected Interest Rates data in DDP temporarily unavailableThe H.15 Selected Interest Rates Data Download Program (DDP) is temporarily unavailable due to technical difficulties. A notice will be posted when the data are published to the DDP. The data are available at http://www.federalreserve.gov/releases/h15/current/default.htm
August 31, 2020
H15: Correction to historical 20-year Treasury Constant Maturity seriesAugust 26, 2020
H15: Correction of Treasury Rates for August 19, 2020
The H.15 release incorrectly noted that the markets were closed on August 19, 2020 and did not include data from the U.S. Treasury on that date. The H.15 release and the Data Download Program have been updated with the missing rates.
August 20, 2020
DDP: Consolidation of the H.3 and H.6 Statistical ReleasesAs announced on March 15, 2020, the Board of Governors reduced reserve requirement ratios on net transaction accounts to 0 percent, effective March 26, 2020. This action eliminated reserve requirements for all depository institutions. As a result, many of the release items on the Board's Statistical Release H.3, "Aggregate Reserves of Depository Institutions and the Monetary Base," are zero. Consequently, the Board has decided to consolidate the remaining relevant items from the H.3 statistical release onto Statistical Release H.6, "Money Stock Measures."
The H.3 release items that will be consolidated onto the H.6 statistical release include the monetary base and nonborrowed reserves and their components. The components to be moved are (1) "Currency in circulation" and "Total balances maintained" for the monetary base and (2) "Total reserves" and "Total borrowings from the Federal Reserve" for nonborrowed reserves.
The last H.3 statistical release will be published on September 17, 2020. The first H.6 statistical release containing the monetary base and nonborrowed reserves will be published on September 24, 2020. On this same release, columns labeled "Traveler's checks" will be removed from the H.6 statistical release.
For a template of the first page of the consolidated H.6 statistical release, along with supplemental information on the consolidation, see the Technical Q&As associated with each release. Access to historical data for all H.3 release items will remain available through the Data Download Program (DDP). In addition, the H.3 release items being consolidated onto the H.6 statistical release will be available in the DDP in both the "build your own" and preformatted packages associated with the H.6 statistical release. Further refinements to the preformatted packages for the H.6 statistical release will also be made. The 12 "H.6 historical table" preformatted packages will no longer be available; all data elements of these packages are contained in the monthly or weekly "H.6 statistical release" packages.
August 14, 2020
G17: G.17 Data for July 2020 are now availableIndustrial production and capacity utilization data for July 2020 are now available.
Total industrial production rose 3.0 percent in July after increasing 5.7 percent in June; even so, the index in July was 8.4 percent below its pre-pandemic February level. Manufacturing output continued to improve in July, rising 3.4 percent. Most major industries posted increases, though they were much smaller in magnitude than the advances recorded in June. The largest gain in July—28.3 percent—was registered by motor vehicles and parts; factory production elsewhere advanced 1.6 percent. Mining production rose 0.8 percent after decreasing for five consecutive months. The output of utilities increased 3.3 percent, as unusually warm temperatures increased the demand for air conditioning. At 100.2 percent of its 2012 average, the level of total industrial production was 8.2 percent lower in July than it was a year earlier. Capacity utilization for the industrial sector increased 2.1 percentage points in July to 70.6 percent, a rate that is 9.2 percentage points below its long-run (1972–2019) average but 6.4 percentage points above its low in April.
August 13, 2020
H3: DDP Data now availableThe data for Wednesday, August 13, 2020, from the Board's H.3 statistical release are now available in the Data Download Program (DDP). https://www.federalreserve.gov/datadownload/Choose.aspx?rel=H3
July 31, 2020
G17: Seasonal factors for motor vehicle sales have been releasedThe Federal Reserve has re-estimated seasonal factors for motor vehicle sales, using data through February 2020. These factors are estimated once per year using X13-ARIMA. The factors will be revised again in the summer of 2021. A comma-delimited text file containing these seasonal factors is available for download here (CSV).
July 30, 2020
H41: DDP Data now availableJuly 16, 2020
H41: Change to the H.4.1 to include information related to MS Facilities LLC.The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information related to MS Facilities LLC (Main Street Lending Program). The program was introduced on the H.4.1 cover note on June 4, 2020 https://www.federalreserve.gov/releases/h41/20200604/. On July 6, 2020, the Main Street Lending Program announced it was operationally ready to purchase participations in loans originated by eligible lenders to facilitate lending support to small and medium-sized businesses, and on July 15, 2020, the Main Street Lending Program began purchasing participations in loans in accordance with the program. The Federal Reserve Bank of Boston extended credit to the MS Facilities LLC under the authority of section 13(3) of the Federal Reserve Act, with approval of the Board and Treasury Secretary.
July 15, 2020
G17: G.17 Data for June 2020 are now availableIndustrial production and capacity utilization data for June 2020 are now available.
Total industrial production rose 5.4 percent in June after increasing 1.4 percent in May; even so, it remained 10.9 percent below its pre-pandemic February level. For the second quarter as a whole, the index fell 42.6 percent at an annual rate, its largest quarterly decrease since the industrial sector retrenched after World War II. Manufacturing output climbed 7.2 percent in June, as all major industries posted increases. The largest gain—105.0 percent—was registered by motor vehicles and parts, while factory production elsewhere rose 3.9 percent. Mining production fell 2.9 percent, and the output of utilities increased 4.2 percent. At 97.5 percent of its 2012 average, the level of total industrial production was 10.8 percent lower in June than it was a year earlier. Capacity utilization for the industrial sector increased 3.5 percentage points to 68.6 percent in June, a rate that is 11.2 percentage points below its long-run (1972–2019) average but 1.9 percentage points above its trough during the Great Recession.
The estimates for industrial capacity for 2020 were revised for this release. The revisions reflect updated measures of physical capacity from various government and private sources as well as updated estimates of capital spending by industry. Measured from the fourth quarter of 2019 to the fourth quarter of 2020, capacity for the industrial sector is now expected to be flat, whereas previously it was estimated to rise 1.3 percent. Manufacturing capacity is estimated to edge down 0.2 percent, a downward revision of 1.0 percentage point. Mining capacity also revised down and is now expected to decline 2.1 percent; it had been expected to expand 2.9 percent. This downward revision primarily reflects a reduction in capacity for oil and gas extraction. The gain in capacity for utilities, at 3.2 percent, is only 0.1 percentage point lower than previously estimated.
July 06, 2020
CP: Commercial Paper (CP)July 02, 2020
H41: Change to the H.4.1 to include information related to TALF II LLC.June 25, 2020
CP: Revisions to Commercial Paper OutstandingJune 22, 2020
CP: Commercial Paper (CP)June 19, 2020
Z1: Enhanced Financial Accounts projects updatedJune 18, 2020
H41: Change to the H.4.1 to include information related to TALF II LLC and supplemental information on all credit facilities LLCs.The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information on the Term Asset-Backed Securities Loan Facility (TALF) and a new table 4 that provides supplemental information on all credit facilities.
Table 4, "Information on Principal Accounts of Credit Facilities LLCs," was added to provide information about outstanding principal amount of loans extended to LLCs by Reserve Banks. The table also provides information on the net portfolio holdings of credit facilities LLCs including outstanding amounts of facility asset purchases, Treasury contributions, and other assets.
The TALF operates through the Term Asset-Backed Securities Loan Facility II LLC (TALF II LLC), a special purpose vehicle that was formed to help support the flow of credit to consumers and businesses. On March 23, 2020, the Federal Reserve announced the TALF. On June 16, 2020, the Federal Reserve Bank of New York (FRBNY) received Treasury's equity contribution for the TALF program.
Consistent with generally accepted accounting principles, the assets and liabilities of TALF II LLC have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on the release because the FRBNY is the managing member of TALF II LLC. The net portfolio holdings of TALF II LLC appear as an asset on the statement of condition of the FRBNY (now table 6), the consolidated statement of condition of all Federal Reserve Banks (now table 5), factors affecting reserve balances of depository institutions (table 1), and information on principal accounts of credit facilities LLC (table 4). The amount provided by the U.S. Treasury as credit protection for the TALF II LLC is included in "Treasury contributions to credit facilities" in tables 1, 4, 5, and 6.
June 16, 2020
G17: G.17 Data for May 2020 are now availableIndustrial production and capacity utilization data for May 2020 are now available.
Total industrial production increased 1.4 percent in May, as many factories resumed at least partial operations following suspensions related to COVID-19. Even so, total industrial production in May was 15.4 percent below its pre-pandemic level in February. Manufacturing output—which fell sharply in March and April—rose 3.8 percent in May; most major industries posted increases, with the largest gain registered by motor vehicles and parts. The indexes for mining and utilities declined 6.8 percent and 2.3 percent, respectively. At 92.6 percent of its 2012 average, the level of total industrial production was 15.3 percent lower in May than it was a year earlier. Capacity utilization for the industrial sector increased 0.8 percentage point to 64.8 percent in May, a rate that is 15.0 percentage points below its long-run (1972–2019) average and 1.9 percentage points below its trough during the Great Recession.
June 11, 2020
H41: Change to the H.4.1 to include information related to Municipal Liquidity Facility LLC (MLF).The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information related to Municipal Liquidity Facility LLC (MLF). The MLF LLC was introduced on the H.4.1 cover note on May 28, 2020 https://www.federalreserve.gov/releases/h41/20200528/. On June 2, 2020, the MLF LLC began purchasing eligible municipal notes and on June 5, 2020 settlement of the first purchase transactions occurred. The Federal Reserve Bank of New York extended credit to the MLF LLC under the authority of section 13(3) of the Federal Reserve Act, with approval of the Treasury Secretary, at settlement of the investment activity. Information on the lending was added to the note on consolidation. Municipal notes held by MLF LLC were added in the Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities (table 2).
Additionally, the asset basis in table 2 for the "Commercial paper held by Commercial Paper Funding Facility II LLC" and "Loan participations held by MS Facilities LLC (Main Street Lending Programs)" was updated to reflect "Book value" for consistency with the presentation in tables 1, 4, and 5.
Pursuant to the MS Facilities LLC (Main Street Lending Program) agreements, 85% of the Treasury's equity contributions were invested in nonmarketable Treasury securities and reported in "Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)" in tables 1, 4, and 5.
June 11, 2020
Z1: 2020:Q1 data now available for the Financial Accounts of the United StatesJune 05, 2020
Z1: Next Z.1 release date is Thursday June 11, 2020; at 12:00 noonJune 04, 2020
H41: Change to the H.4.1 to reflect the MS Facilities LLC (Main Street Lending Program)The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information related to Main Street Lending Program (MSLP). Under the MSLP, the Federal Reserve Bank of Boston (FRBB) is operating three facilities: Main Street New Loan Facility, Main Street Priority Loan Facility, and Main Street Expanded Loan Facility. These facilities operate through the MS Facilities LLC (MSF LLC), a special purpose vehicle that was formed to help ensure credit flows to small and medium-sized businesses.
On April 30, 2020, the Federal Reserve announced the MSLP. On June 1, 2020, the Federal Reserve Bank of New York (FRBNY) received Treasury's equity contribution for the MSLP program on behalf of the FRBB.
Consistent with generally accepted accounting principles, the assets and liabilities of MSF LLC have been consolidated with the assets and liabilities of the FRBB in the preparation of the statements of condition shown on the release because the FRBB is the managing member of MSF LLC. The net portfolio holdings of MSF LLC appear as an asset in the statement of condition of the FRBB (table 5), the consolidated statement of condition of all Federal Reserve Banks (table 4), and factors affecting reserve balances of depository institutions (table 1). The amount provided by the U.S. Treasury as credit protection for the MSF LLC is included in "Treasury contributions to credit facilities" in tables 1, 4, and 5.
On May 29, 2020, pursuant to the Municipal Liquidity Facility LLC (MLF LLC) agreements, 85% of the Treasury's equity contributions were invested in nonmarketable Treasury securities and reported in "Net portfolio holdings of Municipal Liquidity Facility LLC" in tables 1, 4, and 5. As of June 3, 2020, the MLF LLC executed its first transaction. Upon settlement, FRBNY will extend a loan.
June 01, 2020
CHGDEL: March 2020 Call reporting deadline extended by 30 daysMay 28, 2020
H41: Change to the H.4.1 to reflect the Municipal Liquidity Facility LLCThe Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information related to Municipal Liquidity Facility (MLF). This facility operates through the Municipal Liquidity Facility LLC (MLF LLC), a special purpose vehicle that was formed to help support state and local governments better manage cash flow pressures in order to continue to serve households and business in their communities.
On April 9, 2020, the Federal Reserve announced the MLF. On May 26, 2020, the Federal Reserve Bank of New York (FRBNY) received Treasury's equity contribution for the MLF program.
Consistent with generally accepted accounting principles, the assets and liabilities of MLF LLC have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on the release because the FRBNY is the managing member of MLF LLC. MLF asset balances from trading activity will be reported in this release on a one-day lag after the transaction date. The net portfolio holdings of MLF LLC appear as an asset on the statement of condition of the FRBNY (table 5), the consolidated statement of condition of all Federal Reserve Banks (table 4), and factors affecting reserve balances of depository institutions (table 1). The amount provided by the U.S. Treasury as credit protection for the MLF LLC is included in "Treasury contributions to credit facilities" in tables 1, 4, and 5.
On May 22, 2020 and pursuant to the facility agreements, 85% of the Treasury's equity contributions were invested in nonmarketable Treasury securities and reported in "Net portfolio holdings of Commercial Paper Funding Facility II LLC" and "Net portfolio holdings of Corporate Credit Facilities LLC" in tables 1, 4, and 5. Note 7 in table 1, note 8 in table 4, and note 2 in table 5, each regarding the net portfolio holdings of the LLCs, were modified to indicate inclusion of those assets. Additionally, the note on consolidation in table 5 was modified to include information related to this activity.
May 21, 2020
H41: Change to the H.4.1 to indicate additional information related to the Money Market Mutual Fund Liquidity FacilityMay 15, 2020
H41: Cover note updated May 15, 2020May 15, 2020
G17: G.17 Data for April 2020 are now availableIndustrial production and capacity utilization data for April 2020 are now available.
Total industrial production fell 11.2 percent in April for its largest monthly drop in the 101-year history of the index, as the COVID-19 (coronavirus disease 2019) pandemic led many factories to slow or suspend operations throughout the month. Manufacturing output dropped 13.7 percent, its largest decline on record, as all major industries posted decreases. The output of motor vehicles and parts fell more than 70 percent; production elsewhere in manufacturing dropped 10.3 percent. The indexes for utilities and mining decreased 0.9 percent and 6.1 percent, respectively. At 92.6 percent of its 2012 average, the level of total industrial production was 15.0 percent lower in April than it was a year earlier. Capacity utilization for the industrial sector decreased 8.3 percentage points to 64.9 percent in April, a rate that is 14.9 percentage points below its long-run (1972–2019) average and 1.8 percentage points below its all-time (since 1967) low set in 2009.
In addition to the regular revisions that reflect incoming data, the industrial production indexes for March were revised to incorporate data on initial claims for unemployment insurance by employees who had worked in the industrial sector. The methods used to construct the estimates are described on the Federal Reserve Board's website at www.federalreserve.gov/releases/g17/g17_technical_qa.htm#covid2020ui.
May 14, 2020
H41: DDP data now availableMay 14, 2020
H41: Changes to the H.4.1 to reflect the Corporate Credit Facility LLCMay 12, 2020
CP: Commercial Paper (CP)The May 12, 2020 Commercial Paper release and data are now available in the Data Download Program (DDP). The data are available at: http://www.federalreserve.gov/datadownload/Choose.aspx?rel=CP
May 07, 2020
CP: Revisions to Commercial Paper RatesMay 04, 2020
SLOOS: Weighted aggregate series available in DDPWith the release of the April 2020 Senior Loan Officer Opinion Survey results six new series are available via the Data Download Program (DDP). These series report aggregate standards and demand for business loans, household loans, and all loans, weighted by banks' loan portfolio shares. The construction of these series is described in Glancy, David, Robert Kurtzman, and Rebecca Zarutskie (2020). "An Aggregate View of Bank Lending Standards and Demand," FEDS Notes. Washington: Board of Governors of the Federal Reserve System, 2020-05-04, https://doi.org/10.17016/2380-7172.2546.
Weighted series can be found by selecting the "Memo" data set in the "Build Your Package" tool and have the following names:
All loans: SUBLPDMOS_XWB_N.Q (standards) and SUBLPDMOD_XWB_N.Q (demand)
Business loans: SUBLPDMBS_XWB_N.Q (standards) and SUBLPDMBD_XWB_N.Q (demand)
Household loans: SUBLPDMHS_XWB_N.Q (standards) and SUBLPDMHD_XWB_N.Q (demand)
April 23, 2020
H41: Change to the H.4.1 to reflect the Paycheck Protection Program Liquidity Facility.The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information related to Paycheck Protection Program Liquidity Facility (PPPLF). The Federal Reserve established the PPPLF to facilitate lending to small businesses via the Small Business Administration's Paycheck Protection Program (PPP). Information for the facility is presented in tables 1, 2, 4, and 5.
The PPPLF program was announced by the Federal Reserve on April 9, 2020, and began operations on April 16, 2020. The PPPLF program will extend credit to eligible financial institutions that originate PPP loans, taking the loans as collateral at face value.
April 17, 2020
CP: Commercial Paper (CP)April 17, 2020
H41: DDP data now availableApril 16, 2020
H41: DDP data delayApril 16, 2020
H41: Change to the H.4.1 to reflect the Commercial Paper Funding Facility II LLCApril 15, 2020
Z1: Rest of the World: International Portfolio Investment Holdings of Long-term Securities by Country PDF tables repostedApril 15, 2020
G17: G.17 Data for March 2020 are now availableIndustrial production and capacity utilization data for March 2020 are now available.
Total industrial production fell 5.4 percent in March, as the COVID-19 (coronavirus disease 2019) pandemic led many factories to suspend operations late in the month. Manufacturing output fell 6.3 percent; most major industries posted decreases, with the largest decline registered by motor vehicles and parts. The decreases for total industrial production and for manufacturing were their largest since January 1946 and February 1946, respectively. The indexes for utilities and mining declined 3.9 percent and 2.0 percent, respectively. At 103.7 percent of its 2012 average, the level of total industrial production in March was 5.5 percent lower than a year earlier. Capacity utilization for the industrial sector decreased 4.3 percentage points to 72.7 percent in March, a rate that is 7.1 percentage points below its long-run (1972–2019) average.
The estimates in this release incorporated data on stay-at-home orders as well as other information on industrial activity for late in the month. An explanation of the methods used to construct the estimates is available on the Federal Reserve Board's website at www.federalreserve.gov/releases/g17/g17_technical_qa.htm#covid2020.
April 09, 2020
H3: Elimination of Reserve RequirementsApril 09, 2020
H41: Changes to Factors Affecting Reserve Balances - H.4.1March 26, 2020
H3: Update to Other credit extensionsMarch 26, 2020
H41: Changes to Factors Affecting Reserve Balances - H.4.1The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information related to the Primary Dealer Credit Facility (PDCF) and Money Market Mutual Fund Liquidity Facility (MMLF). Information for both facilities is presented in tables 1, 2, 4, and 5.
The PDCF was approved by the Board of Governors on March 17, 2020, and began operations on March 20, 2020. The PDCF will offer primary dealers overnight and term funding with maturities of up to 90 days. The MMLF was approved by the Board of Governors on March 18, 2020, and began operations on March 23, 2020. The MMLF will offer eligible financial institutions loans secured by high-quality assets purchased by the financial institution from money market mutual funds.
March 20, 2020
H41: DDP data now availableMarch 19, 2020
H41: Changes to Factors Affecting Reserve Balances - H.4.1March 19, 2020
H41: DDP data delayMarch 17, 2020
G17: Seasonal Factors for domestic auto and truck production have been revisedSeasonal factors for auto and truck production were revised from January 2015 through June 2021 on March 17, 2020. The revised factors for September 2019 through February 2020 were used in the G.17 release issued on March 17, 2020, and the revised factors for earlier months will be incorporated into the production estimates at the time of the annual revision in the summer of 2020. The revised seasonal factors are based on production data through January 2020. The seasonal factors are scheduled to be revised again in March 2021.
March 17, 2020
G17: G.17 Data for February 2020 are now availableIndustrial production and capacity utilization data for February 2020 are now available.
Industrial production rose 0.6 percent in February after falling 0.5 percent in January. Manufacturing output edged up 0.1 percent in February; excluding a large gain for motor vehicles and parts and a large drop for civilian aircraft, factory output was unchanged. The index for mining declined 1.5 percent, but the index for utilities jumped 7.1 percent, as temperatures returned to more typical levels following an unseasonably warm January. At 109.6 percent of its 2012 average, the level of total industrial production in February was unchanged from a year earlier. Capacity utilization for the industrial sector increased 0.4 percentage point in February to 77.0 percent, a rate that is 2.8 percentage points below its long-run (1972–2019) average.
March 12, 2020
Z1: 2019:Q4 data now available for the Financial Accounts of the United StatesMarch 06, 2020
G19: Upcoming changes to the Consumer Credit (G.19) releaseMarch 06, 2020
Z1: Next Z.1 release date is Thursday March 12, 2020; at 12:00 noonFebruary 14, 2020
G17: G.17 Data for January 2020 are now availableIndustrial production and capacity utilization data for January 2020 are now available.
Industrial production declined 0.3 percent in January, as unseasonably warm weather held down the output of utilities and as a major manufacturer significantly slowed production of civilian aircraft. The index for manufacturing edged down 0.1 percent in January; excluding the production of aircraft and parts, factory output advanced 0.3 percent. The index for mining rose 1.2 percent. At 109.2 percent of its 2012 average, total industrial production was 0.8 percent lower in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.3 percentage point in January to 76.8 percent, a rate that is 3.0 percentage points below its long-run (1972–2019) average.
January 23, 2020
H6: MONEY STOCK REVISIONSThe Federal Reserve revised its measures of the money stock and their
components to incorporate updated seasonal factors and a new quarterly
benchmark.
This release includes seasonally adjusted measures of the monetary aggregates and components produced with revised seasonal factors, which were derived from data through December 2019 and estimated using the Census Bureau's X-13ARIMA-SEATS seasonal adjustment program.
The quarterly benchmark incorporates revisions from several sources. Revisions to weekly deposit data begin in 2016. Revisions to deposit data reported in the quarterly deposit reports and deposit data from Call Reports for banks and thrift institutions that are not weekly or quarterly deposit reporters start in 2012.
The effects of both the revisions to seasonal factors and the new quarterly benchmark on the growth rates of M1 and M2 are outlined in appendix tables 6 and 7.
Historical data, updated each week, are available with the H.6 statistical release at www.federalreserve.gov/econresdata/statisticsdata.htm.
January 17, 2020
G17: G.17 annual revision planned for the summer of 2020The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization in the summer of 2020. New annual benchmark data for manufacturing for 2017 and 2018 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The weights for market-group splits of the industry-level indexes will be updated with information from the 2012 benchmark input-output accounts from the Bureau of Economic Analysis. The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2019 from the Census Bureau's Quarterly Survey of Plant Capacity, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
January 17, 2020
G17: G.17 Data for December 2019 are now availableIndustrial production and capacity utilization data for December 2019 are now available.
Industrial production declined 0.3 percent in December, as a decrease of 5.6 percent for utilities outweighed increases of 0.2 percent for manufacturing and 1.3 percent for mining. The drop for utilities resulted from a large decrease in demand for heating, as unseasonably warm weather in December followed unseasonably cold weather in November. For the fourth quarter as a whole, total industrial production moved down at an annual rate of 0.5 percent. At 109.4 percent of its 2012 average, total industrial production was 1.0 percent lower in December than it was a year earlier. Capacity utilization for the industrial sector fell 0.4 percentage point in December to 77.0 percent, a rate that is 2.8 percentage points below its long-run (1972–2018) average.
January 06, 2020
Z1: Distributional Financial Accounts and Funding Agreement-Backed Securities (FABS) data files repostedDecember 17, 2019
G17: G.17 Data for November 2019 are now availableIndustrial production and capacity utilization data for November 2019 are now available.
Industrial production and manufacturing production both rebounded 1.1 percent in November after declining in October. These sharp November increases were largely due to a bounceback in the output of motor vehicles and parts following the end of a strike at a major manufacturer. Excluding motor vehicles and parts, the indexes for total industrial production and for manufacturing moved up 0.5 percent and 0.3 percent, respectively. Mining production edged down 0.2 percent, while the output of utilities increased 2.9 percent.
December 16, 2019
H10: Updated weight tables go into effect on Monday December 16, 2019December 12, 2019
Z1: 2019:Q3 data now available for the Financial Accounts of the United StatesDecember 06, 2019
H15: H.15 Selected Interest Rates data in DDP temporarily unavailableDecember 06, 2019
G19: G.19 Consumer Credit data in DDP temporarily unavailableDecember 06, 2019
Z1: Next Z.1 release date is Thursday December 12, 2019; at 12:00 noonNovember 15, 2019
G17: G.17 Data for October 2019 are now availableIndustrial production and capacity utilization data for October 2019 are now available.
Industrial production fell 0.8 percent in October after declining 0.3 percent in September. Manufacturing production decreased 0.6 percent in October. Much of this decline was due to a drop of 7.1 percent in the output of motor vehicles and parts that resulted from a strike at a major manufacturer of motor vehicles. The decreases for total industrial production, manufacturing, and motor vehicles and parts were their largest since May 2018, April 2019, and January 2019, respectively.
November 05, 2019
SLOOS: SLOOS Chart Data release correctionOn November 4, 2019, the SLOOS Chart Data HTML file was posted with data with small discrepancies from their correct values. This file has been reposted with the corrected data. Data in the release tables and Data Download Program are unaffected.
October 17, 2019
G17: G.17 Data for September 2019 are now availableIndustrial production and capacity utilization data for September 2019 are now available.
Industrial production fell back 0.4 percent in September after advancing 0.8 percent in August. For the third quarter, industrial production rose at an annual rate of 1.2 percent following declines of about 2 percent in both the first and the second quarters.
Manufacturing production decreased 0.5 percent in September, with output reduced by a strike at a major manufacturer of motor vehicles. Excluding motor vehicles and parts, the overall index and the manufacturing index each moved down 0.2 percent. Mining production fell 1.3 percent, while utilities output rose 1.4 percent.
September 30, 2019
Z1: International Data Submissions Page SDMX files correctedSeptember 27, 2019
Z1: Enhanced Financial Accounts projects updatedSeptember 23, 2019
SLOOS: Additional Senior Loan Officer Opinion Survey data available in DDP and historical data revisionThe Data Download Program (DDP) for the Senior Loan Officer Opinion Survey will be extended on October 7, 2019 to include series for large and other banks for all currently reported series for domestically chartered banks in the DDP, in addition to the currently reported data series for all domestically chartered banks. The new data series reported by bank size may be selected using the "Bank Size" menu in the "Build your Package" tool. A new data series, "SUBLPDMCO_N.Q", that reports the total assets value which delineates large banks from other banks in each survey, is also now available. The bank size variable can be selected under the "Memo" data set in the "Build your Package" tool.
In addition to these new data series, historical values of several existing data series will be revised as follows:
September 20, 2019
Z1: 2019:Q2 data now available for the Financial Accounts of the United StatesThis release incorporates several revisions, structural changes, and enhancements. Major changes are described in the "Release Highlights" section of the publication. As noted in the "Release Highlights", the Alternative Measure of Owner-Occupied Real Estate EFA is incorporated into the owner-occupied residential real estate estimate and the EFA discontinued. These and other changes, such as code changes, are also described in the online Financial Accounts Guide at www.federalreserve.gov/apps/fof/. The file structure of the Z.1 release consists of a single Z.1 PDF, corresponding HTML tables, and a single set of compressed CSV files with accompanying data dictionary text files. Data are available for download through the Federal Reserve Data Download Program (DDP). Series that appear in published tables are available immediately. Underlying detail series are generally available for download within two business days of the Z.1 release. The next Z.1 release will be Thursday, December 12, 2019, at 12:00 noon.
September 17, 2019
G17: G.17 Data for August 2019 are now availableIndustrial production and capacity utilization data for August 2019 are now available.
Industrial production rose 0.6 percent in August after declining 0.1 percent in July. Manufacturing production increased 0.5 percent, more than reversing its decrease in July. Factory output has increased 0.2 percent per month over the past four months after having decreased 0.5 percent per month during the first four months of the year. In August, the indexes for utilities and mining moved up 0.6 percent and 1.4 percent, respectively. At 109.9 percent of its 2012 average, total industrial production was 0.4 percent higher in August than it was a year earlier. Capacity utilization for the industrial sector increased 0.4 percentage point in August to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972–2018) average.
September 13, 2019
Z1: Next Z.1 release date is Friday September 20, 2019; at 12:00 noonA preview of changes to the upcoming Friday September 20, 2019 Financial Accounts of the United States (Z.1) release is now available. A single PDF document, corresponding HTML tables, and single set of compressed CSV files with accompanying data dictionary text files are available from the current Z.1 release page at https://www.federalreserve.gov/releases/Z1/Current/default.htm. Preliminary release highlights and code changes are available from the online Financial Accounts Guide at https://www.federalreserve.gov/apps/fof/.
August 15, 2019
G17: G.17 Data for July 2019 are now availableIndustrial production and capacity utilization data for July 2019 are now available.
Industrial production declined 0.2 percent in July. Manufacturing output decreased 0.4 percent last month and has fallen more than 1-1/2 percent since December 2018. In July, mining output fell 1.8 percent, as Hurricane Barry caused a sharp but temporary decline in oil extraction in the Gulf of Mexico. The index for utilities rose 3.1 percent. At 109.2 percent of its 2012 average, total industrial production was 0.5 percent higher in July than it was a year earlier. Capacity utilization for the industrial sector decreased 0.3 percentage point in July to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2018) average.
July 30, 2019
G17: Seasonal factors for motor vehicle sales have been releasedThe Federal Reserve has re-estimated seasonal factors for motor vehicle sales, using data through April 2019. These factors are estimated once per year using X13-ARIMA. The factors will be revised again in the summer of 2020. A comma-delimited text file containing these seasonal factors is available for download here (CSV). A Technical Q&A with details on the calculation of the seasonal factors for light vehicles is available here.
July 16, 2019
G17: G.17 Data for June 2019 are now availableJune 21, 2019
Z1: Enhanced Financial Accounts projects updatedThe most recent data are available online at https://www.federalreserve.gov/apps/fof/efa/enhanced-financial-accounts.htm . The following projects have been updated with the most recent available data: Distributional Financial Accounts; Household Debt by State, County, and MSA; Alternative Measure of Owner-Occupied Real Estate; Section 529 College Plans by State; Depository Institutions: Consolidated Balance Sheet; Depository Institutions: Off-Balance-Sheet Items; Depository Institutions: Mortgage and Consumer Loan Portfolios by Probability of Default; Money Market Mutual Funds: Investment Holdings Detail by Month; Funding Agreement-Backed Securities (FABS); Equity Issuance and Retirement; Syndicated Loan Portfolios of Financial Institutions; International Portfolio Investment Holdings of Long-term Securities by Country.
June 14, 2019
G17: G.17 Data for May 2019 are now availableIndustrial production and capacity utilization data for May 2019 are now available.
Industrial production rose 0.4 percent in May after falling 0.4 percent in April. The indexes for manufacturing and mining gained 0.2 percent and 0.1 percent, respectively, in May; the index for utilities climbed 2.1 percent. At 109.6 percent of its 2012 average, total industrial production was 2.0 percent higher in May than it was a year earlier. Capacity utilization for the industrial sector moved up 0.2 percentage point in May to 78.1 percent, a rate that is 1.7 percentage points below its long-run (1972–2018) average.
June 13, 2019
G17: Estimates of Manufacturing Investment, Capital Stock, and Capital Services UpdatedThe Federal Reserve Board released updated estimates of manufacturing investment, capital stock, and capital services. G.17 data on investment and capital stocks by industry and broad asset class are provided to the National Bureau of Economic Research-Center for Economic Studies (NBER-CES) Manufacturing Industry Database. With the June 13, 2019 release, new series for capital services and the portions of investment and capital associated with software are provided. In addition, the data are now available at both the 4-digit and 6-digit NAICs level. Previously, data were only available at the 4-digit level.
June 06, 2019
Z1: Z.1 Release: 2019:Q1 data now available for the Financial Accounts of the United StatesThis release incorporates several revisions, structural changes, and enhancements. Major changes are described in the "Release Highlights" section of the publication. These and other changes, such as code changes, are also described in the online Financial Accounts Guide at www.federalreserve.gov/apps/fof/. The file structure of the Z.1 release consists of a single Z.1 PDF, corresponding HTML tables, and a single set of compressed CSV files with accompanying data dictionary text files. Data are available for download through the Federal Reserve Data Download Program (DDP). Series that appear in published tables are available immediately. Underlying detail series are generally available for download within two business days of the Z.1 release. The next Z.1 release will be Friday, September 20, 2019, at 12:00 noon.
June 04, 2019
H10: Foreign Exchange Rates H.10 Data Download ProgramThe June 3, 2019 Foreign Exchange Rates data are now available in the Data Download Program (DDP). The data are available at: https://www.federalreserve.gov/datadownload/Choose.aspx?rel=H10
June 03, 2019
H10: DDP Publishing delay for H.10 & G.5 release for June 3, 2019May 31, 2019
Z1: Next Z.1 release date is Thursday June 6, 2018; at 12:00 noonMay 28, 2019
H10: Changes to Foreign Exchange Rates - H.10/G.5Effective June 24, 2019, the Federal Reserve Board staff will make a change to the indexation of the daily Broad, AFE, and EME dollar indexes. For more information, see the "Technical Q&As."
May 15, 2019
G17: G.17 Data for April 2019 are now availableIndustrial production and capacity utilization data for April 2019 are now available.
Industrial production fell 0.5 percent in April, and the rates of change for previous months were revised down on net. Output is now reported to have declined 1.9 percent at an annual rate in the first quarter. Manufacturing production moved down 0.5 percent in April after being unchanged in March. The index for mining advanced 1.6 percent in April, while the index for utilities fell 3.5 percent. At 109.2 percent of its 2012 average, total industrial production was 0.9 percent higher in April than it was a year earlier. Capacity utilization for the industrial sector decreased 0.6 percentage point in April to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972-2018) average.
May 09, 2019
CP: Revisions to Commercial Paper OutstandingApril 22, 2019
CP: Commercial Paper (CP) Data Download ProgramThe April 19, 2019 Commercial Paper data are now available in the Data Download Program (DDP). The data are available at: http://www.federalreserve.gov/datadownload/Choose.aspx?rel=CP
April 16, 2019
G17: Gross Value of Products and Industrial Supplies series corrected in DDPThe Federal Reserve corrected the labels for the Gross Value of Products and Industrial Supplies series in the Data Download Program for the G.17 release on Industrial Production and Capacity Utilization issued on April 16, 2019. The Gross Value of Products and Industrial Supplies series were mislabeled as in 2009 dollars when they should have been labeled as in 2012 dollars. The Data Download Program now contains the correct information.
April 16, 2019
G17: G.17 Data for March 2019 are now availableIndustrial production and capacity utilization data for March 2019 are now available.
Industrial production edged down 0.1 percent in March after edging up 0.1 percent in February; for the first quarter as a whole, the index slipped 0.3 percent at an annual rate. Manufacturing production was unchanged in March after declining in both January and February. The index for utilities rose 0.2 percent, while mining output moved down 0.8 percent. At 110.2 percent of its 2012 average, total industrial production was 2.8 percent higher in March than it was a year earlier. Capacity utilization for the industrial sector decreased 0.2 percentage point in March to 78.8 percent, a rate that is 1.0 percentage point below its long-run (1972-2018) average.
Note: The annual revision to industrial production and capacity utilization was published on March 27, 2019. Data referred to in the release dated March 15, 2019, were superseded by the data issued at the time of the annual revision.
April 08, 2019
H15: Correction to Treasury rates for February 25-28, 2019
Series |
Date |
Original |
Corrected |
6-month TCM |
2019-02-25 |
2.52 |
2.51 |
6-month TCM |
2019-02-26 |
2.52 |
2.51 |
6-month TCM |
2019-02-27 |
2.53 |
2.52 |
1-year TCM |
2019-02-26 |
2.56 |
2.55 |
1-year TCM |
2019-02-27 |
2.55 |
2.54 |
March 29, 2019
SLOOS: Senior Loan Officer Opinion Survey data correctionMarch 27, 2019
G17: G.17 Annual Revision ReleasedCapacity for total industry expanded modestly in each year from 2015 to 2017 before advancing 1 1/2 percent in 2018; it is expected to advance about 2 percent in 2019. Revisions for recent years were very small and showed slightly less expansion in most years relative to earlier reports.
In the fourth quarter of 2018, capacity utilization for total industry stood at 79.4 percent, about 3/4 percentage point above its previous estimate and about 1/2 percentage point below its long-run (1972-2018) average. The utilization rate in 2017 is also higher than its previous estimate.
March 22, 2019
Z1: Enhanced Financial Accounts projects updatedMarch 15, 2019
G17: Seasonal Factors for domestic auto and truck production have been revisedSeasonal factors for auto and truck production were revised from January 2014 through June 2020 on March 15, 2019. The revised factors for December 2018 through February 2019 were used in the G.17 release issued on March 15, 2019, and the revised factors for earlier months will be incorporated into the production estimates at the time of the annual revision on March 27, 2019. The revised seasonal factors are based on production data through January 2019. The factors reflect the holiday schedule in place from the domestic autoworkers' current contract, which expires in September 2019. The same holiday pattern is assumed to prevail through June 2020. The factors will be revised if a different holiday schedule is put in place when the new contract is signed. The seasonal factors are also scheduled to be revised again in March 2020.
March 15, 2019
G17: G.17 Data for February 2019 are now availableIndustrial production and capacity utilization data for February 2019 are now available.
Industrial production edged up 0.1 percent in February after decreasing 0.4 percent in January. Manufacturing production fell 0.4 percent in February for its second consecutive monthly decline. The index for utilities rose 3.7 percent, while the index for mining moved up 0.3 percent. At 109.7 percent of its 2012 average, total industrial production was 3.5 percent higher in February than it was a year earlier. Capacity utilization for the industrial sector edged down 0.1 percentage point in February to 78.2 percent, a rate that is 1.6 percentage points below its long-run (1972-2018) average.
March 07, 2019
Z1: Z.1 Release: 2018:Q4 data now available for the Financial Accounts of the United StatesMarch 01, 2019
Z1: Next Z.1 release date is Thursday March 7, 2019; at 12:00 noonFebruary 26, 2019
G17: Computer Storage Equipment Price Index ReleasedAn updated annual price index for computer storage equipment, the primary product of North American Industry Classification System (NAICS) industry 334112, "Computer Storage Device Manufacturing," has been released. In addition, the underlying quarterly frequency series is provided for the first time. These price indexes provide an estimate of price changes for computer storage equipment assuming that the quality of the device is unchanged. Data from IDC, a market research company specializing in information technology industries, were used to construct a matched-model quarterly price index, which was then converted to an annual index. This annual price index was first incorporated into the industrial production index for computer storage equipment at the time of the 2016 annual revision to the G.17 statistical release on industrial production and capacity utilization, which was published on April 1, 2016. The updated computer storage price index will be incorporated in the G.17 annual revision planned for release on March 27, 2019. More details on the data sources and index construction are available in a FEDS Note.
February 15, 2019
G17: G.17 annual revision planned for March 27, 2019The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization on March 27, 2019. The Economic Census for 2017 will not be available from the U.S. Census Bureau by early 2019, so no new annual benchmark data will be included for manufacturing. Other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels), will be incorporated. The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
Capacity and capacity utilization will be revised to incorporate data through the fourth quarter of 2018 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
February 15, 2019
G17: G.17 Data for January 2019 are now availableIndustrial production and capacity utilization data for January 2019 are now available.
Industrial production decreased 0.6 percent in January after rising 0.1 percent in December. In January, manufacturing production fell 0.9 percent, primarily as a result of a large drop in motor vehicle assemblies; factory output excluding motor vehicles and parts decreased 0.2 percent. The indexes for mining and utilities moved up 0.1 percent and 0.4 percent, respectively. At 109.4 percent of its 2012 average, total industrial production was 3.8 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector decreased 0.6 percentage point in January to 78.2 percent, a rate that is 1.6 percentage points below its long-run (1972-2018) average.
February 07, 2019
H6: MONEY STOCK REVISIONSThe Federal Reserve revised its measures of the money stock and their components to incorporate updated seasonal factors and a new quarterly benchmark.
This release includes seasonally adjusted measures of the monetary aggregates and components produced with revised seasonal factors, which were derived from data through December 2018 and estimated using the Census Bureau's X-13ARIMA-SEATS seasonal adjustment program.[1] The updated seasonal factors resulted in minor revisions to the growth rates of seasonally adjusted M2 for individual months in 2018, and they slightly decreased the growth rate for seasonally adjusted M2 in the first half of 2018 and slightly increased it in the second half of 2018.
The quarterly benchmark incorporates revisions from several sources. Revisions to weekly deposit data begin in 2016. Revisions to deposit data reported in the quarterly deposit reports and deposit data from Call Reports for banks and thrift institutions that are not weekly or quarterly deposit reporters start in 2017.[2] In addition, this benchmark incorporates data from Call Reports on the amount of small-denomination time deposits held in individual retirement accounts (IRAs) and Keogh accounts; the associated revisions to deposit data start in 2018. Likewise, it incorporates revisions to IRA and Keogh balances held at retail and institutional money market mutual funds; the associated revisions to data on money market mutual funds begin in 2007. In addition, this release incorporates the receipt of historical information from other sources of data.
The effects of both the revisions to seasonal factors and the new quarterly benchmark on the growth rates of M1 and M2 are outlined in appendix tables 6 and 7.
Historical data, updated each week, are available with the H.6 statistical release at www.federalreserve.gov/econresdata/statisticsdata.htm.
--------------------
[1] Information on the seasonal adjustment program is available on the U.S. Census Bureau website at https://www.census.gov/srd/www/x13as.
[2] "Call Reports" refers to the commercial bank Consolidated Reports of Condition and Income (FFIEC 031, 041, and 051; OMB No. 7100-0036) and the credit union Statement of Financial Condition (NCUA 5300/5300SF; OMB No. 3133-0004).
January 18, 2019
G17: 100 Years of the Industrial Production IndexWith this release, the index of industrial production comprises a full 100 years of monthly data, from January 1919 to December 2018. A brief history of the index is available on the Board's website at https://www.federalreserve.gov/releases/g17/100_years_of_ip_data.htm.
January 18, 2019
G17: G.17 Data for December 2018 are now availableIndustrial production and capacity utilization data for December are now available.
Industrial production increased 0.3 percent in December after rising 0.4 percent in November. For the fourth quarter as a whole, total industrial production moved up at an annual rate of 3.8 percent. In December, manufacturing output increased 1.1 percent, its largest gain since February 2018. The output of mines rose 1.5 percent, but the index for utilities fell 6.3 percent, as warmer-than-usual temperatures lowered the demand for heating. At 109.9 percent of its 2012 average, total industrial production was 4.0 percent higher in December than it was a year earlier. Capacity utilization for the industrial sector rose 0.1 percentage point in December to 78.7 percent, a rate that is 1.1 percentage points below its long-run (1972-2017) average.
January 17, 2019
H6: Change to the Publication of Data on Traveler's Checks of Nonbank IssuersAs announced on December 13, 2018, the Board has discontinued publication of data on the outstanding amount of U.S. dollar-denominated traveler's checks of nonbank issuers. The date of the last reported value in the "Traveler's checks" column in tables 3 and 5 of the H.6 statistical release is December 31, 2018.
Historical data for traveler's checks of non-bank issuers remain available through the Data Download Program.
January 15, 2019
H10: Changes to Foreign Exchange Rates - H.10/G.5January 08, 2019
H10: Foreign Exchange Rates -- H.10/G.5AFor the G5A annual release, the average annual exchange rate for the Venezuelan bolivar in 2018 was calculated using the "bolivar fuerte" rate through Friday, August 17 and the "bolivar soberano" rate multiplied by 100,000 beginning Monday, August 20.
January 07, 2019
H10: H.10 Foreign Exchange Rates in DDPDecember 27, 2018
H41: Changes to H.4.1, removal of table related to Maiden Lane (previously numbered as table 4)4:30 P.M. EST
December 27, 2018
Publication Note
The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to reflect the removal of table 4 "Information on Principal Accounts of Maiden Lane LLC." The table has been removed because the remaining assets in the portfolio holdings of Maiden Lane LLC have been reduced to a de minimis balance.
Amounts for "Net portfolio holdings of Maiden Lane LLC," continue to be shown on table 1 "Factors Affecting Reserve Balances of Depository Institutions," on the renumbered table 4 "Consolidated Statement of Condition of All Federal Reserve Banks" in order to provide information on figures from the previous year, and on the renumbered table 5 "Statement of Condition of Each Federal Reserve Bank."
December 14, 2018
G17: G.17 Data for November 2018 are now availableIndustrial production and capacity utilization data for November 2018 are now available.
Industrial production rose 0.6 percent in November after moving down 0.2 percent in October; the index for October was previously reported to have edged up 0.1 percent. In November, manufacturing production was unchanged, the output of mining increased 1.7 percent, and the index for utilities gained 3.3 percent. At 109.4 percent of its 2012 average, total industrial production was 3.9 percent higher in November than it was a year earlier. Capacity utilization for the industrial sector rose 0.4 percentage point in November to 78.5 percent, a rate that is 1.3 percentage points below its long-run (1972-2017) average.
December 13, 2018
H6: SPECIAL NOTICEIn January 2019, the Board will discontinue publication of data on the outstanding amount of U.S. dollar-denominated traveler's checks of nonbank issuers. Dollar-denominated traveler's checks serve as an alternative to demand deposits and currency as a means of payment and therefore are included in M1. Nonbank traveler's checks have fallen steadily for many years to a point at which they represent an immaterial share of the monetary aggregates. The insignificant amounts no longer justify the burden of collection and publication of these data.
The date of the last reported value in the "Traveler's checks" column in tables 3 and 5 of the H.6 statistical release will be December 31, 2018.
Historical data for traveler's checks of non-bank issuers will remain available through the Data Download Program.
December 06, 2018
Z1: Z.1 release: 2018:Q3 data now available for the Financial Accounts of the United StatesNovember 30, 2018
Z1: Next Z.1 release date is Thursday December 6, 2018; at 12:00 noonNovember 16, 2018
G17: G.17 Data for October 2018 are now availableIndustrial production and capacity utilization data for October 2018 are now available.
Industrial production edged up 0.1 percent in October, as a gain for manufacturing outweighed decreases elsewhere. As a result of upward revisions primarily in mining, the overall index is now reported to have advanced at an annual rate of 4.7 percent in the third quarter, appreciably above the gain of 3.3 percent reported initially. Hurricanes lowered the level of industrial production in both September and October, but their effects appear to be less than 0.1 percent per month. In October, manufacturing output rose 0.3 percent for its fifth consecutive monthly increase, while the indexes for mining and for utilities declined 0.3 percent and 0.5 percent, respectively. At 109.1 percent of its 2012 average, total industrial production was 4.1 percent higher in October than it was a year earlier. Capacity utilization for the industrial sector was 78.4 percent, a rate that is 1.4 percentage points below its long-run (1972-2017) average.
October 16, 2018
G17: G.17 Data for September 2018 are now availableIndustrial production and capacity utilization data for September 2018 are now available.
Industrial production increased 0.3 percent in September, about the same rate of change as in the previous two months. Output growth in September was held down slightly by Hurricane Florence, with an estimated effect of less than 0.1 percentage point. For the third quarter as a whole, total industrial production advanced at an annual rate of 3.3 percent. In September, manufacturing output moved up 0.2 percent for its fourth consecutive monthly increase, while the output of utilities was unchanged. The index for mining increased 0.5 percent and has moved up in each of the past eight months. At 108.5 percent of its 2012 average, total industrial production was 5.1 percent higher in September than it was a year earlier. Capacity utilization for the industrial sector was unchanged at 78.1 percent, a rate that is 1.7 percentage points below its long-run (1972-2017) average.
October 16, 2018
G17: G.17 annual revision planned around the end of the first quarter of 2019The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization around the end of the first quarter of 2019. The Economic Census for 2017 will not be available from the U.S. Census Bureau by early 2019, so no new annual benchmark data will be included for manufacturing. Other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels), will be incorporated. The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
Capacity and capacity utilization will be revised to incorporate data through the fourth quarter of 2018 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
October 04, 2018
Z1: Enhanced Financial Accounts projects updatedSeptember 28, 2018
Z1: Enhanced Financial Accounts projects updatedSeptember 20, 2018
Z1: Z.1 release: 2018:Q2 data now available for the Financial Accounts of the United StatesSeptember 19, 2018
H15: Correction to Treasury rates for Monday, September 17, 2018September 19, 2018
Z1: Z.1 Guide metadata updatedSeptember 14, 2018
G17: G.17 Data for August 2018 are now availableIndustrial production and capacity utilization data for August 2018 are now available.
Industrial production rose 0.4 percent in August for its third consecutive monthly increase. Manufacturing output moved up 0.2 percent on the strength of a 4.0 percent rise for motor vehicles and parts; motor vehicle assemblies jumped to an annual rate of 11.5 million units, the strongest reading since April. Excluding the gain in motor vehicles and parts, factory output was unchanged. The output of utilities advanced 1.2 percent, and mining production increased 0.7 percent; the index for mining last decreased in January. At 108.2 percent of its 2012 average, total industrial production was 4.9 percent higher in August than it was a year earlier. Capacity utilization for the industrial sector moved up in August to 78.1 percent, a rate that is 1.7 percentage points below its long-run (1972-2017) average.
September 07, 2018
Z1: Next Z.1 release date is Thursday September 20, 2018; at 12:00 noonAugust 29, 2018
G17: Annual data on manufacturing investment and capital have been releasedAugust 15, 2018
G17: G.17 Data for July 2018 are now availableIndustrial production and capacity utilization data for July 2018 are now available.
Industrial production edged up 0.1 percent in July after rising at an average pace of 0.5 percent over the previous five months. Manufacturing production increased 0.3 percent, the output of utilities moved down 0.5 percent, and, after posting five consecutive months of growth, the index for mining declined 0.3 percent. At 108.0 percent of its 2012 average, total industrial production was 4.2 percent higher in July than it was a year earlier. Capacity utilization for the industrial sector was unchanged in July at 78.1 percent, a rate that is 1.7 percentage points below its long-run (1972-2017) average.
August 09, 2018
SCOOS: SCOOS DDP data now availableAugust 07, 2018
G19: G.19 Consumer Credit updateJuly 31, 2018
H10: Revisions of H.10 information for July 19 and 20July 31, 2018
G17: Seasonal factors for motor vehicle sales have been releasedThe Federal Reserve has re-estimated seasonal factors for motor vehicle sales, using data through April 2018. These factors are estimated once per year using X13-ARIMA. The factors will be revised again in the summer of 2019. A comma-delimited text file containing these seasonal factors is available for download here (CSV). A Technical Q&A with details on the calculation of the seasonal factors for light vehicles is available here.
July 17, 2018
G17: G.17 Data for June 2018 are now availableIndustrial production and capacity utilization data for June 2018 are now available.
Industrial production rose 0.6 percent in June after declining 0.5 percent in May. For the second quarter as a whole, industrial production advanced at an annual rate of 6.0 percent, its third consecutive quarterly increase. Manufacturing output moved up 0.8 percent in June. The production of motor vehicles and parts rebounded last month after truck assemblies fell sharply in May because of a disruption at a parts supplier. Factory output, aside from motor vehicles and parts, increased 0.3 percent in June. The index for mining rose 1.2 percent and surpassed the level of its previous historical peak (December 2014); the output of utilities moved down 1.5 percent. At 107.7 percent of its 2012 average, total industrial production was 3.8 percent higher in June than it was a year earlier. Capacity utilization for the industrial sector increased 0.3 percentage point in June to 78.0 percent, a rate that is 1.8 percentage points below its long-run (1972-2017) average.
June 21, 2018
SCOOS: Senior Credit Officer Opinion Survey (SCOOS) DDP data unavailableJune 15, 2018
Z1: Enhanced Financial Accounts projects updatedJune 15, 2018
G17: G.17 Data for May 2018 are now availableIndustrial production and capacity utilization data for May 2018 are now available.
Industrial production edged down 0.1 percent in May after rising 0.9 percent in April. Manufacturing production fell 0.7 percent in May, largely because truck assemblies were disrupted by a major fire at a parts supplier. Excluding motor vehicles and parts, factory output moved down 0.2 percent. The index for mining rose 1.8 percent, its fourth consecutive month of growth; the output of utilities moved up 1.1 percent. At 107.3 percent of its 2012 average, total industrial production was 3.5 percent higher in May than it was a year earlier. Capacity utilization for the industrial sector decreased 0.2 percentage point in May to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972-2017) average.
June 11, 2018
Z1: Data precision errors affecting three Z.1 release series have been correctedJune 08, 2018
Z1: Data precision errors affecting three Z.1 release seriesJune 07, 2018
Z1: Z.1 release: 2018:Q1 data now available for the Financial Accounts of the United StatesJune 01, 2018
G17: Communications Equipment Price Indexes ReleasedThe Federal Reserve released updated communications equipment price indexes. Comma-delimited text files and an Excel workbook containing quarterly and annual data are available for download. The data are also available as HTML tables.
June 01, 2018
G17: Technical Q&A published on the the new communications equipment price indexesA Technical Q&A has been posted that describes the new communications equipment price indexes published on the Federal Reserve's website June 1, 2018.
June 01, 2018
Z1: Next Z.1 release date is Thursday June 7, 2018; at 12:00 noonMay 16, 2018
G17: G.17 Data for April 2018 are now availableIndustrial production and capacity utilization data for April 2018 are now available.
Industrial production rose 0.7 percent in April for its third consecutive monthly increase. The rates of change for industrial production for previous months were revised downward, on net; for the first quarter, output is now reported to have advanced 2.3 percent at an annual rate. After being unchanged in March, manufacturing output rose 0.5 percent in April. The indexes for mining and utilities moved up 1.1 percent and 1.9 percent, respectively. At 107.3 percent of its 2012 average, total industrial production in April was 3.5 percent higher than it was a year earlier. Capacity utilization for the industrial sector climbed 0.4 percentage point in April to 78.0 percent, a rate that is 1.8 percentage points below its long-run (1972-2017) average.
May 03, 2018
G17: G.17 Technical Q&A on the construction of capacity indexes for the motor vehicle industryA new Technical Q&A has been posted that describes the construction of the Federal Reserve's measures of capacity for the motor vehicle industry.
April 17, 2018
G17: G.17 Data for March 2018 are now availableIndustrial production and capacity utilization data for March 2018 are now available.
Industrial production rose 0.5 percent in March after increasing 1.0 percent in February; the index advanced 4.5 percent at an annual rate for the first quarter as a whole. After having climbed 1.5 percent in February, manufacturing production edged up 0.1 percent in March. Mining output rose 1.0 percent, mostly as a result of gains in oil and gas extraction and in support activities for mining. The index for utilities jumped 3.0 percent after being suppressed in February by warmer-than-normal temperatures. At 107.2 percent of its 2012 average, total industrial production was 4.3 percent higher in March than it was a year earlier. Capacity utilization for the industrial sector moved up 0.3 percentage point in March to 78.0 percent, a rate that is 1.8 percentage points below its long-run (1972-2017) average.
The annual revision to industrial production and capacity utilization was published on March 23, 2018. Data referred to in the release dated March 16, 2018, were superseded by the data issued at the time of the annual revision.
March 29, 2018
SCOOS: The SCOOS macro-level data is now available through DDP.March 23, 2018
Z1: Enhanced Financial Accounts projects updatedMarch 23, 2018
G17: G.17 Annual Revision ReleasedRevisions to capacity for total industry were mixed. Capacity growth was revised up about 1/2 percentage point for 2016, but revisions to other recent years were negative. Capacity for total industry is estimated to have expanded less than 1 percent in 2015, 2016, and 2017, but it is expected to increase about 2 percent in 2018.
March 21, 2018
CP: Federal government offices in Washington, D.C., are closed due to inclement weather.The Federal Open Market Committee will meet as planned. The FOMC statement will be released as scheduled at 2 p.m. EDT, and the Chairman's news conference will start at 2:30 p.m. EDT.
The Federal Reserve Board plans to issue the following releases as scheduled:
Selected Interest Rates - H.15
All other previously scheduled releases for Wednesday, March 21 will be postponed until the next business day government offices are open.
March 21, 2018
H15: Federal government offices in Washington, D.C., are closed due to inclement weather.The Federal Open Market Committee will meet as planned. The FOMC statement will be released as scheduled at 2 p.m. EDT, and the Chairman's news conference will start at 2:30 p.m. EDT.
The Federal Reserve Board plans to issue the following releases as scheduled:
Selected Interest Rates - H.15
All other previously scheduled releases for Wednesday, March 21 will be postponed until the next business day government offices are open.
March 16, 2018
G17: G.17 Data for February 2018 are now availableIndustrial production and capacity utilization data for February 2018 are now available.
Industrial production rose 1.1 percent in February following a decline of 0.3 percent in January. Manufacturing production increased 1.2 percent in February, its largest gain since October. Mining output jumped 4.3 percent, mostly reflecting strong gains in oil and gas extraction. The index for utilities fell 4.7 percent, as warmer-than-normal temperatures last month reduced the demand for heating. At 108.2 percent of its 2012 average, total industrial production in February was 4.4 percent higher than it was a year earlier. Capacity utilization for the industrial sector climbed 0.7 percentage point in February to 78.1 percent, its highest reading since January 2015 but still 1.7 percentage points below its long-run (1972-2017) average.
March 16, 2018
G17: Seasonal Factors for auto and truck production have been revisedSeasonal factors for auto and truck production were revised from January 2006 through June 2019 on March 16, 2018. The revised factors for September 2017 through February 2018 were used in the G.17 release issued on March 16, 2018, and the revised factors for earlier months will be incorporated into the production estimates at the time of the annual revision on March 23, 2018. The revised seasonal factors are based on production data through January 2018. The seasonal factors will be revised again in March 2019.
March 08, 2018
Z1: Z.1 release: 2017:Q4 data now available for the Financial Accounts of the United StatesMarch 08, 2018
CP: Revisions to Commercial Paper Outstanding, Volumes Statistics, and RatesMarch 05, 2018
Z1: Next Z.1 release date is Thursday March 8, 2018; at 12:00 noonMarch 01, 2018
H41: Change to H.4.1 to reflect the passage of the "Bipartisan Budget Bill of 2018"The amounts of the line items "Other liabilities and capital" on table 1, and "Surplus" on tables 5 and 6 reflect the lump-sum payment of approximately $2.5 billion to the Treasury on February 22, 2018, which was necessary to reduce aggregate Reserve Bank capital surplus to the $7.5 billion limitation in the Budget Act.
February 15, 2018
G17: G.17 Data for January 2018 are now availableIndustrial production and capacity utilization data for January 2018 are now available.
Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972-2017) average.
February 15, 2018
G17: G.17 Preliminary Estimates of Industry CapacityThe data in the February 15, 2018 release include preliminary estimates of industrial capacity for 2018. Measured from fourth quarter to fourth quarter, total industrial capacity is projected to rise 2.3 percent this year after increasing 1.1 percent in 2017. Manufacturing capacity is expected to advance 1.5 percent in 2018, somewhat faster than the 0.7 percent pace in 2017. Capacity in the mining sector is estimated to rise 6.3 percent in 2018 following a smaller increase of 2.7 percent in 2017. Capacity at electric and natural gas utilities is projected to increase 2.5 percent in 2018 after moving up 0.7 percent in 2017.
February 15, 2018
G17: G.17 Annual Revision to be released on March 23, 2018The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization on March 23, 2018. New annual benchmark data for 2016 for manufacturing will be incorporated, as will other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
The revision to the historical data for capacity and capacity utilization will incorporate data through the fourth quarter of 2017 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
February 12, 2018
H10: Change to exchange rate for VenezuelaJanuary 30, 2018
G20: Upcoming changes to the Finance Companies (G.20) releaseJanuary 25, 2018
H6: MONEY STOCK REVISIONSThe Federal Reserve revised its measures of the money stock and their components to incorporate updated seasonal factors and a new quarterly benchmark.
This release includes seasonally adjusted measures of the monetary aggregates and components produced with revised seasonal factors, which were derived from data through December 2017 and estimated using the Census Bureau's X-13ARIMA-SEATS seasonal adjustment program.[1] The updated seasonal factors resulted in minor revisions to the growth rates of seasonally adjusted M2 for individual months in 2017, and they slightly decreased the growth rate for seasonally adjusted M2 in the first half of 2017 and slightly increased it in the second half of 2017.
The quarterly benchmark incorporates revisions from several sources. Revisions to weekly deposit data begin in 2003. Revisions to deposit data reported in the quarterly deposit reports and deposit data from Call Reports for banks and thrift institutions that are not weekly or quarterly deposit reporters start in 2016.[2] Revisions to money market mutual fund data begin in 2017. In addition, this benchmark incorporates data from Call Reports on the amount of small-denomination time deposits held in individual retirement accounts (IRAs) and Keogh accounts; the associated revisions to deposit data start in 2017. Likewise, it incorporates revisions to IRA and Keogh balances held at retail and institutional money market mutual funds; the associated revisions to data on money market mutual funds also begin in 2017. In addition, this release incorporates the receipt of historical information from other sources of data.
The effects of both the revisions to seasonal factors and the new quarterly benchmark on the growth rates of M1 and M2 are outlined in appendix tables 6 and 7.
Historical data, updated each week, are available with the H.6 statistical release at www.federalreserve.gov/econresdata/statisticsdata.htm.
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[1] Information on the seasonal adjustment program is available on the U.S. Census Bureau website at https://www.census.gov/srd/www/x13as.
[2] "Call Reports" refers to the commercial bank Consolidated Reports of Condition and Income (FFIEC 031, 041, and 051; OMB No. 7100-0036) and the credit union Statement of Financial Condition (NCUA 5300/5300SF; OMB No. 3133-0004).
January 19, 2018
H8: H.8 DDP data correctedEffective January 19, 2018, three corrections have been made to the presentation of data available in the DDP:
1. Historical Data for the discontinued items had remained alongside current items in the DDP as of January 12, 2018. For now, the discontinued items have been removed from the DDP because discontinued items are no longer comingled with current items in the DDP. Data for the discontinued items will be made separately available in the DDP in the future.
2. Data for the new combined items--Other assets including trading assets (line 32), Borrowings (line 37), and Other liabilities including trading liabilities (line 37)--had been incorrectly omitted for the week ending January 6, 2010. These gaps in the data caused the levels of total assets and total liabilities to also be incorrect that week. In addition, these gaps caused distortions in the associated monthly average data for January 2010. This issue has been corrected.
3. The historical series for the new item, Total Federal funds and reverse RPs (line 30), was not included in the DDP. This issue has been corrected.
January 17, 2018
H10: Foreign Exchange Rates - H.10 DDP data correctedJanuary 17, 2018
G17: G.17 Data for December 2017 are now availableIndustrial production and capacity utilization data for December 2017 are now available.
Industrial production rose 0.9 percent in December even though manufacturing output only edged up 0.1 percent. Revisions to mining and utilities altered the pattern of growth for October and November, but the level of the overall index in November was little changed. For the fourth quarter as a whole, total industrial production jumped 8.2 percent at an annual rate after being held down in the third quarter by Hurricanes Harvey and Irma. At 107.5 percent of its 2012 average, the index has increased 3.6 percent since December 2016 for its largest calendar-year gain since 2010.
The gain in manufacturing output in December was its fourth consecutive monthly increase. The output of utilities advanced 5.6 percent for the month, while the index for mining moved up 1.6 percent. Capacity utilization for the industrial sector was 77.9 percent, a rate that is 2.0 percentage points below its long-run (1972-2016) average.
January 12, 2018
H8: Changes to Items Reported on the H.8 Release as of January 3, 2018Effective with this release, several changes have been made to the line items shown on the H.8 release. These changes relate to the Federal Reserve Board's notice published in the Federal Register, 82 FR 49207 on October 24, 2017.
The following line item changes have been made on the release:
1. Previous line item 26, Fed funds and reverse RPs with nonbanks, and previous line item 32, Fed funds and reverse RPs with banks, have been combined as new line item 30, Total federal funds sold and reverse RPs. Note that line item 1, Bank credit, and line item 9, Loans and leases in bank credit, no longer include Fed funds and reverse RPs with nonbanks and the category Interbank loans (former line item 31) has been eliminated.
2. Previous line items 35 and 44, Trading assets and liabilities, respectively, are no longer being published. The amount of trading assets and liabilities are now reported as part of other assets and liabilities (line items
32 and 39), respectively.
3. The two previous components of Borrowings--previous line item 42, Borrowings from banks in the U.S. and previous line item 43, Borrowings from others--are no longer being published separately; these line items have been combined into line item 37, Borrowings.
4. The three Memoranda line items covering loans to businesses with original amounts of $1,000,000 or less have been dropped: previous line item 52, Loans secured by nonfarm nonresidential properties; previous line item 53, Commercial and industrial loans to U.S. addressees; and their total, previous line item 51.
Historical data for the discontinued items will remain available for download through the Federal Reserve Board's Data Download Program. Historical data for the new combined series will be available back to 2010.
January 11, 2018
Z1: Data visualization tools addedDecember 15, 2017
Z1: Enhanced Financial Accounts projects updatedThe most recent data are available online at https://www.federalreserve.gov/apps/fof/efa/enhanced-financial-accounts.htm. All projects have been updated with the most recently available data.
December 15, 2017
G17: G.17 Data for November 2017 are now availableIndustrial production and capacity utilization data for November 2017 are now available.
Industrial production moved up 0.2 percent in November after posting an upwardly revised increase of 1.2 percent in October. Manufacturing production also rose 0.2 percent in November, its third consecutive monthly gain. The output of utilities dropped 1.9 percent. The index for mining increased 2.0 percent, as oil and gas extraction returned to normal levels after being held down in October by Hurricane Nate. Excluding the post-hurricane rebound in oil and gas extraction, total industrial production would have been unchanged in November. Total industrial production was 106.4 percent of its 2012 average in November and was 3.4 percent above its year-earlier level. Capacity utilization for the industrial sector was 77.1 percent in November, a rate that is 2.8 percentage points below its long-run (1972-2016) average.
December 15, 2017
G17: G.17 annual revision planned around the end of the first quarter of 2018The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization around the end of the first quarter of 2018. New annual benchmark data for 2016 will be incorporated for manufacturing, as will other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
Capacity and capacity utilization will be revised to incorporate data through the fourth quarter of 2017 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
December 07, 2017
Z1: Z.1 release: 2017:Q3 data now available for the Financial Accounts of the United StatesDecember 01, 2017
Z1: Next Z.1 release date is Thursday December 7, 2017; at 12:00 noonA preview of changes to the upcoming December 7, 2017 Financial Accounts of the United States (Z.1) release is now available. Z.1 preview files include a single PDF, corresponding HTML tables, and single set of compressed CSV files with accompanying data dictionary text files available on the current Z.1 release page at https://www.federalreserve.gov/releases/Z1/Current/default.htm. Code changes and preliminary release highlights are available online in the Financial Accounts Guide at https://www.federalreserve.gov/apps/fof/.
November 16, 2017
G17: G.17 Data for October 2017 are now availableIndustrial production and capacity utilization data for October 2017 are now available.
Industrial production rose 0.9 percent in October, and manufacturing increased 1.3 percent. The index for utilities rose 2.0 percent, but mining output fell 1.3 percent, as Hurricane Nate caused a sharp but short-lived decline in oil and gas drilling and extraction. Even so, industrial activity was boosted in October by a return to normal operations after Hurricanes Harvey and Irma suppressed production in August and September.[1] Excluding the effects of the hurricanes, the index for total output advanced about 0.3 percent in October, and the index for manufacturing advanced about 0.2 percent.
[1] A technical Q&A discussing the effects of the recent hurricanes on industrial production is available on the Federal Reserve Board's website at https://www.federalreserve.gov/releases/g17/g17_technical_qa.htm#HarveyIrmaNate2017. Additional discussion about the estimation process is available at https://doi.org/10.17016/2380-7172.2086
November 13, 2017
H15: Corrections to several historical Treasury ratesHistorical rates for several series from the U.S. Treasury have been corrected. Affected rates include the 4-week, 3-month and 6-month Treasury bill (secondary market) rates, the 7-year inflation-indexed Treasury constant maturity rate, and the inflation-indexed long-term average rate.
A table with the corrected observations is available at: https://federalreserve.gov/releases/h15/historical-data-correction.htm
October 20, 2017
G17: G.17 Technical Q&A on the effects of Hurricanes Harvey and Irma on August and September IPOctober 17, 2017
G17: G.17 Data for September 2017 are now availableIndustrial production and capacity utilization data for September 2017 are now available.
Industrial production rose 0.3 percent in September. The rates of change for July and August were notably revised; the current estimate for July, a decrease of 0.1 percent, was 0.5 percentage point lower than previously reported, while the estimate for August, a decrease of 0.7 percent, was 0.2 percentage point higher than before. The estimates for manufacturing, mining, and utilities were each revised lower in July. The continued effects of Hurricane Harvey and, to a lesser degree, the effects of Hurricane Irma combined to hold down the growth in total production in September by 1/4 percentage point.[1] For the third quarter as a whole, industrial production fell 1.5 percent at an annual rate; excluding the effects of the hurricanes, the index would have risen at least 1/2 percent. Manufacturing output edged up 0.1 percent in September but fell 2.2 percent at an annual rate in the third quarter. The indexes for mining and utilities in September rose 0.4 percent and 1.5 percent, respectively. At 104.6 percent of its 2012 average, total industrial production in September was 1.6 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.2 percentage point in September to 76.0 percent, a rate that is 3.9 percentage points below its long-run (1972-2016) average.
A technical Q&A discussing the effect of Hurricane Harvey on industrial production for August will be published on the Board's website at https://www.federalreserve.gov/releases/g17/g17_technical_qa.htm#hurricaneharvey2017. Additional discussion about the estimation process is available at https://doi.org/10.17016/2380-7172.2086.
October 12, 2017
G17: FEDS Note Released: Natural Disasters and the Measurement of Industrial Production - Hurricane Harvey, a Case StudyOctober 04, 2017
PRATES: Policy Rates historical data correctionOctober 02, 2017
Z1: Enhanced Financial Accounts projects updatedSeptember 29, 2017
Z1: Enhanced Financial Accounts projects updatedSeptember 28, 2017
G20: Upcoming changes to the Finance Companies (G.20) releaseSeptember 21, 2017
Z1: Z.1 release: 2017:Q2 data now available for the Financial Accounts of the United StatesSeptember 15, 2017
Z1: Next Z.1 release date is Thursday September 21, 2017; at 12:00 noonSeptember 15, 2017
CP: Revisions to Commercial Paper OutstandingSeptember 15, 2017
G17: G.17 Data for August 2017 are now availableIndustrial production and capacity utilization data for August 2017 are now available.
Industrial production declined 0.9 percent in August following six consecutive monthly gains. Hurricane Harvey, which hit the Gulf Coast of Texas in late August, is estimated to have reduced the rate of change in total output by roughly 3/4 percentage point. The index for manufacturing decreased 0.3 percent; storm-related effects appear to have reduced the rate of change in factory output in August about 3/4 percentage point. The manufacturing industries with the largest estimated storm-related effects were petroleum refining, organic chemicals, and plastics materials and resins.
A technical Q&A discussing the effect of Hurricane Harvey on industrial production for August will be published on the Board's website at https://www.federalreserve.gov/releases/g17/g17_technical_qa.htm#hurricaneharvey2017.
September 07, 2017
G19: Upcoming changes to the Consumer Credit (G.19) releaseAugust 17, 2017
G17: G.17 Data for July 2017 are now availableIndustrial production and capacity utilization data for July 2017 are now available.
Industrial production rose 0.2 percent in July following an increase of 0.4 percent in June. In July, manufacturing output edged down 0.1 percent; the production of motor vehicles and parts fell substantially, but that decrease was mostly offset by a net gain of 0.2 percent for other manufacturing industries. Following a six-month string of increases beginning in September 2016, factory output was little changed, on net, between February and July. The indexes for mining and utilities in July rose 0.5 percent and 1.6 percent, respectively. At 105.5 percent of its 2012 average, total industrial production was 2.2 percent above its year-earlier level. Capacity utilization for the industrial sector was unchanged in July at 76.7 percent, a rate that is 3.2 percentage points below its long-run (1972-2016) average.
August 08, 2017
G17: Annual data on manufacturing investment and capital have been releasedAugust 01, 2017
G17: Seasonal factors for motor vehicle sales have been releasedJuly 14, 2017
G17: G.17 Data for June 2017 are now availableIndustrial production and capacity utilization data for June 2017 are now available.
Industrial production rose 0.4 percent in June for its fifth consecutive monthly increase. Manufacturing output moved up 0.2 percent; although factory output has gone up and down in recent months, its level in June was little different from February. The index for mining posted a gain of 1.6 percent in June, just slightly below its pace in May. The index for utilities, however, remained unchanged. For the second quarter as a whole, industrial production advanced at an annual rate of 4.7 percent, primarily as a result of strong increases for mining and utilities. Manufacturing output rose at an annual rate of 1.4 percent, a slightly slower increase than in the first quarter. At 105.2 percent of its 2012 average, total industrial production in June was 2.0 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.2 percentage point in June to 76.6 percent, a rate that is 3.3 percentage points below its long-run (1972-2016) average.
July 14, 2017
G17: Revised Estimates of Industrial CapacityThe estimates for industrial capacity in 2017 were revised for today's G.17 release. The revisions reflect updated measures of physical capacity from various government and private sources as well as updated estimates of capital spending by industry. Measured from the fourth quarter of 2016 to the fourth quarter of 2017, capacity indexes for the industrial sector and for manufacturing are now expected to increase 1.1 percent and 0.7 percent, respectively; each gain is 0.1 percentage point higher than previously estimated. Mining capacity is now expected to rise 2.7 percent. This increase is 0.5 percentage point higher than previously estimated, primarily reflecting faster capacity growth for oil and gas extraction. The increase in capacity for utilities is unrevised at 0.7 percent.
June 16, 2017
Z1: Enhanced Financial Accounts projects updatedJune 15, 2017
G17: G.17 Data for May 2017 are now availableIndustrial production and capacity utilization data for May 2017 are now available.
Industrial production was unchanged in May following a large increase in April and smaller increases in February and March. Manufacturing output declined 0.4 percent in May; the index is little changed, on net, since February. The indexes for mining and utilities posted gains of 1.6 percent and 0.4 percent, respectively, in May. At 105.0 percent of its 2012 average, total industrial production in May was 2.2 percent above its year-earlier level. Capacity utilization for the industrial sector edged down 0.1 percentage point in May to 76.6 percent, a rate that is 3.3 percentage points below its long-run (1972-2016) average.
June 08, 2017
Z1: Z.1 release: 2017:Q1 data now available for the Financial Accounts of the United StatesJune 02, 2017
Z1: Next Z.1 release date is Thursday June 8, 2017; at 12:00 noonMay 18, 2017
H15: Correction of Treasury rates for April 14, 2017, the week ending April 14, 2017, and the month of April 2017April 18, 2017
G17: G.17 Data for March 2017 are now availableIndustrial production and capacity utilization data for March 2017 are now available.
Industrial production increased 0.5 percent in March after moving up 0.1 percent in February. The increase in March was more than accounted for by a jump of 8.6 percent in the output of utilities-the largest in the history of the index-as the demand for heating returned to seasonal norms after being suppressed by unusually warm weather in February. Manufacturing output fell 0.4 percent in March, led by a large step-down in the production of motor vehicles and parts; factory output aside from motor vehicles and parts moved down 0.2 percent. The production at mines edged up 0.1 percent. For the first quarter as a whole, industrial production rose at an annual rate of 1.5 percent. At 104.1 percent of its 2012 average, total industrial production in March was 1.5 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.4 percentage point in March to 76.1 percent, a rate that is 3.8 percentage points below its long-run (1972-2016) average.
April 18, 2017
G17: Introduction of Reliability Estimates for Industrial Production IndexesWith the G.17 statistical release on April 18, 2017, the Federal Reserve Board began publishing estimates of the reliability of the levels and the rates of change (monthly and quarterly) of the reported production indexes for total industry, manufacturing, mining, and utilities. The reliability estimates are designed to give data users a sense of the typical range into which a statistic will likely end up after its final (fifth) revision in a monthly release. The reliability estimates are based on the revision history for the indexes back to 2008; each G.17 release will include estimates for those months and quarters for which either new or updated estimates were issued that month. A detailed explanation is available on the Board's website at https://www.federalreserve.gov/releases/g17/revisions/20170418/DefaultRev.htm.
The reliability estimates are issued in table 15 of the G.17 release, available on the Board's website at https://www.federalreserve.gov/releases/g17/Current/default.htm. A text file that contains the estimates is also available on the Federal Reserve's website at https://www.federalreserve.gov/releases/g17/ipdisk/revh_sa.txt.
April 04, 2017
CP: Revisions to Commercial Paper OutstandingMarch 31, 2017
G17: Communications Equipment Price Indexes ReleasedMarch 31, 2017
G17: G.17 Annual Revision ReleasedMarch 24, 2017
Z1: Enhanced Financial Accounts projects updatedMarch 17, 2017
G17: G.17 Annual Revision to be released at noon (EDT) on March 31, 2017The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization at 12:00 noon (EDT) on March 31, 2017. New annual benchmark data for 2015 for manufacturing will be incorporated, as will other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
Capacity and capacity utilization will be revised to incorporate data through the fourth quarter of 2016 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
March 17, 2017
G17: G.17 Data for February 2017 are now availableIndustrial production and capacity utilization data for February 2017 are now available.
Industrial production was unchanged in February following a 0.1 percent decrease in January. In February, manufacturing output moved up 0.5 percent for its sixth consecutive monthly increase. Mining output jumped 2.7 percent, but the index for utilities fell 5.7 percent, as continued unseasonably warm weather further reduced demand for heating. At 104.7 percent of its 2012 average, total industrial production in February was 0.3 percent above its level of a year earlier. Capacity utilization for the industrial sector declined 0.1 percentage point in February to 75.4 percent, a rate that is 4.5 percentage points below its long-run (1972-2016) average.
March 17, 2017
G17: Seasonal Factors for auto and truck production have been revisedSeasonal factors for auto and truck production were revised back to January 1996 and extended through June 2018 on March 17, 2017. The revised factors for September 2016 through February 2017 were used in the G.17 release published on March 17, 2017, and the revised factors for earlier months will be incorporated into the production estimates at the time of the annual revision on March 31, 2017. The revised seasonal factors are based on production data through January 2017. The revised factors also correct an error in the number of holidays for January 2017, which had previously been understated. The seasonal factors will be revised again in March 2018.
March 09, 2017
Z1: Z.1 release: 2016:Q4 data now available for the Financial Accounts of the United StatesMarch 03, 2017
Z1: Next Z.1 release date is Thursday March 9, 2017; at 12:00 noonFebruary 21, 2017
CHGDEL: Revised estimations for pre-2001 charge-off and delinquency ratesFebruary 16, 2017
PRATES: Change to the Publication of Interest Rates on Reserve BalancesEffective February 23, 2017, the Federal Reserve Board will publish on each business day at 4:30 p.m., Eastern Time, the interest rates on reserve balances applicable for the next business day. The interest rates on reserve balances, which include the interest rates on required and excess balances, are determined by the Board and officially announced in the most recent Implementation Note. The associated data are made available on the Federal Reserve Board's website on the "Interest on Required Balances and Excess Balances" page and in the Policy Rates Data Download Program.
February 15, 2017
G17: G.17 Data for January 2017 are now availableIndustrial production and capacity utilization data for January 2017 are now available.
Industrial production decreased 0.3 percent in January following a 0.6 percent increase in December. In January, manufacturing output moved up 0.2 percent, and mining output jumped 2.8 percent. The index for utilities fell 5.7 percent, largely because unseasonably warm weather reduced the demand for heating. At 104.6 percent of its 2012 average, total industrial production in January was at about the same level as it was a year earlier. Capacity utilization for the industrial sector fell 0.3 percentage point in January to 75.3 percent, a rate that is 4.6 percentage points below its long-run (1972-2016) average.
February 15, 2017
G17: G.17 Preliminary Estimates of Industry CapacityThe data in the February 15, 2017 release include preliminary estimates of industrial capacity for 2017. Measured from fourth quarter to fourth quarter, total industrial capacity is projected to rise 1.3 percent this year after increasing 0.4 percent in 2016. Manufacturing capacity is expected to advance 1.1 percent in 2017, somewhat faster than the 0.7 percent pace in 2016. Capacity in the mining sector is estimated to rise 0.9 percent in 2017 after falling 3.4 percent in 2016. Capacity at electric and natural gas utilities is projected to increase 0.8 percent, about the same rate as in the three previous years.
January 26, 2017
H6: MONEY STOCK REVISIONS
The Federal Reserve revised its measures of the money stock and their components to incorporate updated seasonal factors and a new quarterly benchmark.
This release includes seasonally adjusted measures of the monetary aggregates and components produced with revised seasonal factors, which were derived from data through December 2016 and estimated using the Census Bureau's X-13 ARIMA-SEATS seasonal adjustment program.[1] The updated seasonal factors resulted in minor revisions to the growth rates of seasonally adjusted M2 for individual months in 2016, slightly pushing up the growth rate for seasonally adjusted M2 in the first half of 2016 and pulling it down slightly in the second half of 2016.
This release also includes a new quarterly benchmark, which incorporates minor revisions to data reported in the quarterly deposit reports and takes account of deposit data from Call Reports for banks and thrift institutions that are not weekly or quarterly deposit reporters.[2] These revisions to deposit data start in 2015. In addition, this release incorporates data from Call Reports on the amount of small-denomination time deposits held in individual retirement accounts (IRAs) and Keogh accounts; related revisions to deposit data start in 2016. Likewise, the benchmark incorporates revisions to IRA and Keogh balances held at retail and institutional money market mutual funds; these revisions to data on money market mutual funds begin in 2007. This release also incorporates the receipt of historical information from other sources of data.
The effects of both the revisions to seasonal factors and the new quarterly benchmark on the growth rates of M1 and M2 are outlined in appendix tables 6 and 7.
Historical data, updated each week, are available with the H.6 statistical release at www.federalreserve.gov/econresdata/statisticsdata.htm.
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[1] Information on the seasonal adjustment program is available on the U.S. Census Bureau website at https://www.census.gov/srd/www/x13as.
[2] "Call Reports" refers to the commercial bank Consolidated Reports of Condition and Income (FFIEC 031 and 041; OMB No. 7100-0036) and the credit union Statement of Financial Condition (NCUA 5300/5300SF; OMB No. 3133-0004).
January 18, 2017
G17: G.17 Data for December 2016 are now availableIndustrial production and capacity utilization data for December 2016 are now available.
Industrial production rose 0.8 percent in December after falling 0.7 percent in November. For the fourth quarter as a whole, the index slipped 0.6 percent at an annual rate. In December, manufacturing output moved up 0.2 percent and mining output was unchanged. The index for utilities jumped 6.6 percent, largely because of a return to more normal temperatures following unseasonably warm weather in November; the gain last month was the largest since December 1989. At 104.6 percent of its 2012 average, total industrial production in December was 0.5 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.6 percentage point in December to 75.5 percent, a rate that is 4.5 percentage points below its long-run (1972-2015) average.
December 21, 2016
Z1: Enhanced Financial Accounts projects updatedDecember 14, 2016
G17: G.17 Data for November 2016 are now availableIndustrial production and capacity utilization data for November 2016 are now available.
Industrial production declined 0.4 percent in November after edging up 0.1 percent in October. In November, manufacturing output moved down 0.1 percent, and mining posted a gain of 1.1 percent. The index for utilities dropped 4.4 percent, as warmer-than-normal temperatures reduced the demand for heating. At 103.9 percent of its 2012 average, total industrial production in November was 0.6 percent lower than its year-earlier level. Capacity utilization for the industrial sector decreased 0.4 percentage point in November to 75.0 percent, a rate that is 5.0 percentage points below its long-run (1972-2015) average.
December 08, 2016
Z1: Z.1 release: 2016:Q3 data now available for the Financial Accounts of the United StatesDecember 06, 2016
Z1: CSV preview files replacedDecember 02, 2016
Z1: Next Z.1 release date is Thursday December 8, 2016; at 12:00 noonNovember 16, 2016
G17: G.17 Data for October 2016 are now availableIndustrial production and capacity utilization data for October 2016 are now available.
Industrial production was unchanged in October after decreasing 0.2 percent in September. Although the level of industrial production in September was the same as the previous estimate, revisions to the index for utilities raised the rate of change in total industrial production in August and lowered it in September. In October, manufacturing output increased 0.2 percent, and mining posted a gain of 2.1 percent for its largest increase since March 2014. The index for utilities dropped 2.6 percent, as warmer-than-normal temperatures reduced the demand for heating. At 104.3 percent of its 2012 average, total industrial production in October was 0.9 percent lower than its year-earlier level. Capacity utilization for the industrial sector edged down 0.1 percentage point in October to 75.3 percent, a rate that is 4.7 percentage points below its long-run (1972-2015) average.
October 28, 2016
G17: Communications Equipment Price Indexes ReleasedOctober 17, 2016
G17: G.17 Data for September 2016 are now availableIndustrial production and capacity utilization data for September 2016 are now available.
Industrial production edged up 0.1 percent in September after falling 0.5 percent in August. For the third quarter as a whole, industrial production rose at an annual rate of 1.8 percent for its first quarterly increase since the third quarter of 2015. Manufacturing output increased 0.2 percent in September and moved up at an annual rate of 0.9 percent in the third quarter. In September, the index for utilities declined 1.0 percent; mining posted a gain of 0.4 percent, which partially reversed its August decline. At 104.2 percent of its 2012 average, total industrial production in September was 1.0 percent lower than its year-earlier level. Capacity utilization for the industrial sector edged up 0.1 percentage point in September to 75.4 percent, a rate that is 4.6 percentage points below its long-run (1972-2015) average.
October 12, 2016
H10: Updated weight tables go into effect on Tuesday, October 11, 2016October 11, 2016
H15: Discontinuance of several rates on October 11, 2016The H.15 will be published at 4:15pm every business day (excluding holidays).
September 30, 2016
Z1: Enhanced Financial Accounts projects updatedSeptember 26, 2016
H15: Discontinuance of several rates on October 11, 2016September 16, 2016
Z1: Z.1 release: 2016:Q2 data now available for the Financial Accounts of the United StatesSeptember 15, 2016
G17: G.17 Data for August 2016 are now availableIndustrial production and capacity utilization data for August 2016 are now available.
Industrial production decreased 0.4 percent in August after rising 0.6 percent in July. Manufacturing output also declined 0.4 percent in August, reversing its increase in July; the level of the index in August is little changed from its level in March. Following two consecutive monthly increases, the index for utilities fell back 1.4 percent in August. Even so, the index was 1.7 percent above its year-earlier level, as hot temperatures this summer boosted the usage of air conditioning. The output of mining moved up 1.0 percent in August, its fourth consecutive monthly increase following an extended downturn; the index, however, was still about 9 percent below its year-ago level. At 104.4 percent of its 2012 average, total industrial production in August was 1.1 percent lower than its year-earlier level. Capacity utilization for the industrial sector decreased 0.4 percentage point in August to 75.5 percent, a rate that is 4.5 percentage points below its long-run (1972-2015) average.
September 09, 2016
Z1: Next Z.1 release date is Friday September 16, 2016; at 12:00 noonAugust 26, 2016
Z1: Structure change to CSV filesIn response to user feedback and to meet accessibility requirements, the format of the new compressed CSV files has changed since their June introduction. Specifically, these files now show additional precision and now only include series mnemonics and data values. For each CSV file, a corresponding data dictionary text file will be provided with additional series-level information. To help users transition to the new file format, updated compressed PRN files will also be posted with the September 16, 2016 release.
August 16, 2016
G17: G.17 Data for July 2016 are now availableIndustrial production and capacity utilization data for July 2016 are now available.
Industrial production rose 0.7 percent in July after moving up 0.4 percent in June. The advance in July was the largest for the index since November 2014. Manufacturing output increased 0.5 percent in July for its largest gain since July 2015. The index for utilities rose 2.1 percent as a result of warmer-than-usual weather in July boosting demand for air conditioning. The output of mining moved up 0.7 percent; the index has increased modestly, on net, over the past three months after having fallen about 17 percent between December 2014 and April 2016. At 104.9 percent of its 2012 average, total industrial production in July was 0.5 percent lower than its year-earlier level. Capacity utilization for the industrial sector increased 0.5 percentage point in July to 75.9 percent, a rate that is 4.1 percentage points below its long-run (1972-2015) average.
August 05, 2016
Z1: New Enhanced Financial Accounts Projects and UpdatesAugust 02, 2016
G17: Annual data on manufacturing investment and capital have been releasedAugust 02, 2016
G17: Seasonal factors for auto and truck sales have been releasedJuly 15, 2016
H15: Corrections to State and local bond rates for June 9, June 16, June 23, June 30, and July 7, 2016Historical rates for State and local bonds for June 9, June 16, June 23, June 30, and July 7, 2016, have been corrected, as well as the weekly rates for June 10, June 17, June 24, July 1, and July 8, 2016, and the monthly rate for June 2016. The State and local bond rate published for June 9, 2016, should have been 3.03 (rather than 3.18); the rate published for June 16, 2016, should have been 2.99 (rather than 3.18); the rate published for June 23, 2016, should have been 2.90 (rather than 3.18); the rate published for June 30, 2016, should have been 2.85 (rather than 3.18); and the rate published for July 7, 2016, should have been 2.80 (rather than 3.18). The rate published for week ending June 10, 2016, should have been 3.03 (rather than 3.18); the rate published for the week ending June 17, 2016, should have been 2.99 (rather than 3.18); the rate published for the week ending June 24, 2016, should have been 2.90 (rather than 3.18); the rate published for the week ending July 1, 2016, should have been 2.85 (rather than 3.18); and the rate published for the week ending July 8, 2016, should have been 2.80 (rather than 3.18). The rate published for the month of June 2016 should have been 3.01 (rather than 3.20).
July 15, 2016
G17: G.17 Data for June 2016 are now availableIndustrial production and capacity utilization data for June 2016 are now available.
Industrial production increased 0.6 percent in June after declining 0.3 percent in May. For the second quarter as a whole, industrial production fell at an annual rate of 1.0 percent, its third consecutive quarterly decline. Manufacturing output moved up 0.4 percent in June, a gain largely due to an increase in motor vehicle assemblies. The output of manufactured goods other than motor vehicles and parts was unchanged. The index for utilities rose 2.4 percent as a result of warmer weather than is typical for June boosting demand for air conditioning. The output of mining moved up 0.2 percent for its second consecutive small monthly increase following eight straight months of decline. At 104.1 percent of its 2012 average, total industrial production in June was 0.7 percent lower than its year-earlier level. Capacity utilization for the industrial sector increased 0.5 percentage point in June to 75.4 percent, a rate that is 4.6 percentage points below its long-run (1972-2015) average.
July 15, 2016
G17: Revised Estimates of Industrial CapacityThe estimates for industrial capacity in 2015 were revised for today's G.17 release. The revisions reflect updated measures of physical capacity from various government and private sources as well as updated estimates of capital spending by industry. Capacity for the industrial sector, measured from the fourth quarter of 2015 to the fourth quarter of 2016, is now expected to increase 0.4 percent, a rate that is 0.1 percentage point lower than previously estimated. Manufacturing capacity is now expected to rise 0.7 percent, a pace 0.2 percentage point less than the previous estimate; a smaller increase in the capacity for manufacturing of selected high-technology goods accounts for the downward revision. The decrease in mining capacity for 2016 is unrevised at 3.4 percent, and the gain in capacity for utilities is also unrevised at 0.8 percent.
June 28, 2016
Z1: Erratum for the June 9, 2016 Financial Accounts publicationJune 17, 2016
Z1: Enhanced Financial Accounts projects updatedJune 17, 2016
Z1: Preview of new Z.1 file structure now availableJune 15, 2016
G17: G.17 Data for May 2016 are now availableIndustrial production and capacity utilization data for May 2016 are now available.
Industrial production decreased 0.4 percent in May after increasing 0.6 percent in April. Declines in the indexes for manufacturing and utilities in May were slightly offset by a small gain for mining. The output of manufacturing moved down 0.4 percent, led by a large step-down in the production of motor vehicles and parts; factory output aside from motor vehicles and parts edged down 0.1 percent. The index for utilities fell 1.0 percent, as a drop in the output of electric utilities was partly offset by a gain for natural gas utilities. After eight straight monthly declines, the production at mines moved up 0.2 percent. At 103.6 percent of its 2012 average, total industrial production in May was 1.4 percent below its year-earlier level. Capacity utilization for the industrial sector decreased 0.4 percentage point in May to 74.9 percent, a rate that is 5.1 percentage points below its long-run (1972-2015) average.
June 09, 2016
Z1: Z.1 release: 2016:Q1 data now available for the Financial Accounts of the United StatesThis release incorporates numerous revisions, structural changes, and enhancements. Major changes are described in the "Release Highlights" section of the publication. These and other changes, such as code changes, are also described in the online Financial Accounts Guide (www.federalreserve.gov/apps/fof/). Data are available for download through the Federal Reserve Data Download Program (DDP). Series that appear in published tables are available immediately. Underlying detail series are generally available for download within two business days of the Z.1 release.
The next Z.1 release will be Friday, September 16, 2016, at 12:00 noon. With the September Z.1 release, the structure of associated Z.1 published files will be changed to simplify and enhance the data's usability. A preview of the new structure will be posted online in the coming weeks.
June 02, 2016
Z1: Next Z.1 release date is Thursday June 9, 2016; at 12:00 noonMay 20, 2016
G17: G.17 release correction issued for unit truck assemblies and unit motor vehicle assembliesThe Federal Reserve has issued a correction to the G.17 release on Industrial Production and Capacity Utilization that was issued on May 17, 2016. Table 3 of the release contained incorrect data on unit truck assemblies and unit motor vehicle assemblies. All of the other figures in the release were correct. An updated release is available on the Board's website, and the data files and the DDP now contain the correct information.
May 17, 2016
G17: G.17 Data for April 2016 are now availableIndustrial production and capacity utilization data for April 2016 are now available.
Industrial production increased 0.7 percent in April after decreasing in the previous two months. Manufacturing output rose 0.3 percent after declining the same amount in March. The index for utilities jumped 5.8 percent in April, as the demand for electricity and natural gas returned to a more normal level after being suppressed by warmer-than-usual weather in March. Mining production fell 2.3 percent in April, and it has decreased more than 1 1/2 percent per month, on average, over the past eight months. At 104.1 percent of its 2012 average, total industrial production in April was 1.1 percent below its year-earlier level. Capacity utilization for the industrial sector increased 0.5 percentage point in April to 75.4 percent, a rate that is 4.6 percentage points below its long-run (1972-2015) average.
May 09, 2016
CP: Revisions of Commercial Paper information for May 9, 2016April 15, 2016
G17: G.17 Data for March 2016 are now availableIndustrial production and capacity utilization data for March 2016 are now available.
Industrial production decreased 0.6 percent in March for a second month in a row. For the first quarter as a whole, industrial production fell at an annual rate of 2.2 percent. A substantial portion of the overall decrease in March resulted from declines in the indexes for mining and utilities, which fell 2.9 percent and 1.2 percent, respectively; in addition, manufacturing output fell 0.3 percent. The sizable decrease in mining production continued the industry's recent downward trajectory; the index has fallen in each of the past seven months, at an average pace of 1.6 percent per month. At 103.4 percent of its 2012 average, total industrial production in March was 2.0 percent below its year-earlier level. Capacity utilization for the industrial sector decreased 0.5 percentage point in March to 74.8 percent, a rate that is 5.2 percentage points below its long-run (1972-2015) average.
April 15, 2016
G17: Computer Storage Equipment Price Index ReleasedThe Federal Reserve updated its computer storage equipment price index with new data for 2015. The index provides an estimate of year-to-year price changes for computer storage equipment assuming that the quality of the device is unchanged. Data from IDC, a company specializing in information technology industries, were used to construct a matched-model quarterly price index, which was then converted to an annual index. This annual price index was incorporated into the industrial production indexes for computer storage equipment at the time of the annual revision to the G.17 statistical release on industrial production and capacity utilization that was published on April 1, 2016.
April 11, 2016
Z1: Enhanced Financial Accounts projects updatedApril 01, 2016
G17: G.17 Annual Revision ReleasedThe Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. Total IP is now reported to have increased about 2 1/2 percent per year, on average, from 2011 through 2014 before falling 1 1/2 percent in 2015. Relative to earlier reports, the current rates of change are lower, especially for 2014 and 2015. Total IP is now estimated to have returned to its pre-recession peak in November 2014, six months later than previously estimated. Capacity for total industry is now reported to have increased about 2 percent in 2014 and 2015 after having increased only 1 percent in 2013. Compared with the previously reported estimates, the gain in 2015 is 1/2 percentage point higher, and the gain in 2013 is 1/2 percentage point lower. Industrial capacity is expected to increase 1/2 percent in 2016.
April 01, 2016
G17: Seasonal Factors for auto and truck production have been revisedSeasonal factors for auto and truck production have been revised from January 1996 through October 2017. The seasonal factors will be revised again in March 2017.
March 23, 2016
Z1: Financial Accounts data correctedMarch 18, 2016
Z1: Enhanced Financial Accounts projects updatedMarch 16, 2016
G17: G.17 Data for February 2016 are now availableIndustrial production and capacity utilization data for February 2016 are now available.
Industrial production decreased 0.5 percent in February after increasing 0.8 percent in January. Sizable declines in the indexes for both utilities and mining in February outweighed a gain of 0.2 percent for manufacturing. The output of utilities dropped 4.0 percent, as unseasonably warm weather curbed the demand for heating. Mining production fell 1.4 percent and has decreased nearly 1.3 percent per month, on average, over the past six months. At 106.3 percent of its 2012 average, total industrial production in February was 1.0 percent below its year-earlier level. Capacity utilization for the industrial sector decreased 0.4 percentage point in February to 76.7 percent, a rate that is 3.3 percentage points below its long-run (1972-2015) average.
March 10, 2016
Z1: Z.1 release: 2015:Q4 data now available for the Financial Accounts of the United StatesMarch 04, 2016
Z1: Next Z.1 release date is Thursday March 10, 2016; at 12:00 noonFebruary 24, 2016
G17: Annual data on manufacturing investment and capital have been releasedFebruary 24, 2016
CP: Revisions of Commercial Paper information for February 5th to February 22ndFebruary 17, 2016
G17: G.17 Data for January 2016 are now availableIndustrial production and capacity utilization data for January 2016 are now available.
Industrial production increased 0.9 percent in January after decreasing 0.7 percent in December. A storm late in the month likely held down production in January by a small amount. The index for utilities jumped 5.4 percent; demand for heating moved up markedly after having been suppressed by unseasonably warm weather in December. Manufacturing output increased 0.5 percent in January and was 1.2 percent above its year-earlier level. Mining production was unchanged following four months with declines that averaged about 1 1/2 percent per month. At 106.8 percent of its 2012 average, total industrial production in January was 0.7 percent below its year-earlier level. Capacity utilization for the industrial sector increased 0.7 percentage point in January to 77.1 percent, a rate that is 2.9 percentage points below its long-run (1972-2015) average.
February 03, 2016
Z1: New Enhanced Financial Accounts Projects and UpdatesFebruary 01, 2016
H15: Implementation of Planned Changes to the Effective Federal Funds RateOn January 6, 2016, the Federal Reserve Bank of New York announced the implementation date for two changes to the calculation of the effective federal funds rate (EFFR). Effective March 1, the data source for the EFFR will move from aggregated data provided by federal funds brokers to transaction-level data reported by depository institutions. In addition, the calculation method will change from a volume-weighted average to a volume-weighted median.
The H.15 will include the new EFFR rate on March 2, with data for March 1, 2016. More information, including additional detail on the calculation methodology, will also be published March 2.
For additional information, please see:
Statement Regarding the Implementation of Planned Changes to the Effective Federal Funds Rate and Publication of the Overnight Bank Funding Rate
Statement Regarding Planned Changes to the Calculation of the Federal Funds Effective Rate and the Publication of an Overnight Bank Funding Rate
Statement Regarding the Calculation Methodology for the Effective Federal Funds Rate and Overnight Bank Funding Rate
January 28, 2016
H6: MONEY STOCK REVISIONSThe Federal Reserve revised its measures of the money stock and their components to incorporate updated seasonal factors and a new quarterly benchmark.
This release includes seasonally adjusted measures of the monetary aggregates and components produced with revised seasonal factors, which were derived from data through December 2015 and estimated using the X-12-ARIMA procedure.[1] While the updated seasonal factors resulted in revisions to the growth rates of seasonally adjusted M2 for individual months in 2015, the growth rates for seasonally adjusted M2 in the first and second half of 2015 were roughly unchanged.
This release also includes a new quarterly benchmark, which incorporates minor revisions to data reported in the quarterly deposit reports, and takes account of deposit data from Call Reports for banks and thrift institutions that are not weekly or quarterly deposit reporters.[2] These revisions to deposit data start in 2012. In addition, this release incorporates data from Call Reports on the amount of small-denomination time deposits held in individual retirement accounts (IRAs) and Keogh accounts; related revisions to deposit data start in 2015. Likewise, the benchmark incorporates revisions to IRA and Keogh balances held at retail and institutional money market mutual funds; these revisions to data on money market mutual funds begin in 2015. This release also incorporates the receipt of historical information from other sources of data.
The effects of both the revisions to seasonal factors and the new quarterly benchmark on the growth rates of M1 and M2 are outlined in appendix tables 6 and 7.
Historical data, updated each week, are available with the H.6 statistical release at www.federalreserve.gov/econresdata/statisticsdata.htm.
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[1] Information on the seasonal adjustment procedure is available on the U.S. Census Bureau website at https://www.census.gov/srd/www/x13as.
[2] "Call Reports" refers to the commercial bank Consolidated Reports of Condition and Income (FFIEC 031 and 041; OMB No. 7100-0036) and the credit union Statement of Financial Condition (NCUA 5300/5300SF; OMB No. 3133-0004).
January 28, 2016
CP: Revisions to Commercial Paper OutstandingJanuary 26, 2016
H10: Federal Reserve Board ClosureJanuary 25, 2016
H10: Federal Reserve Board ClosureJanuary 15, 2016
G17: G.17 Data for December 2015 are now availableIndustrial production and capacity utilization data for December 2015 are now available.
Industrial production declined 0.4 percent in December, primarily as a result of cutbacks for utilities and mining. The decrease for total industrial production in November was larger than previously reported, but upward revisions to earlier months left the level of the index in November only slightly below its initial estimate. For the fourth quarter as a whole, industrial production fell at an annual rate of 3.4 percent. Manufacturing output edged down in December. The index for utilities dropped 2.0 percent, as continued warmer-than-usual temperatures reduced demand for heating. Mining production decreased 0.8 percent in December for its fourth consecutive monthly decline. At 106.0 percent of its 2012 average, total industrial production in December was 1.8 percent below its year-earlier level. Capacity utilization for the industrial sector decreased 0.4 percentage point in December to 76.5 percent, a rate that is 3.6 percentage points below its long-run (1972-2014) average.
January 07, 2016
H6: Removal from List of Principal Federal Economic IndicatorsEffective January 1, 2016, the Federal Reserve Board's Statistical Release "Money Stock Measures" (the H.6) has been removed from the Office of Management and Budget's list of Principal Federal Economic Indicators. The release will not change in any other way; the removal of the Principal Federal Economic Indicator designation will not affect the contents of the release, or the manner of its publication. The H.6 will still be released every Thursday, unless that Thursday is a federal holiday, in which case the release will be issued the next business day.
December 31, 2015
H41: Change to H.4.1 to reflect the passage of the FAST ActThe amounts of the line items "Other liabilities and capital" on table 1, and "Surplus" on tables 5 and 6 reflect the payment of approximately $19.3 billion to Treasury on December 28, 2015, which was necessary to reduce aggregate Reserve Bank surplus to the $10 billion limitation in the FAST Act.
December 29, 2015
H15: Correction to Aaa and Baa corporate bond data for December 24 and the week ending December 25, 2015December 22, 2015
Z1: Financial Accounts data correctedDecember 21, 2015
CP: Correction to 7-day AA Financial Commercial Paper rate for December 18, 2015December 18, 2015
G17: Addendum to the release text for the G.17 annual revision is now availableAn addendum to the release text for the 2015 annual revision to the index of industrial production and capacity utilization, which was released on July 21, 2015, has been issued.
December 18, 2015
Z1: New Enhanced Financial Accounts Projects and UpdatesDecember 16, 2015
G17: G.17 Data for November 2015 are now availableIndustrial production and capacity utilization data for November 2015 are now available.
Industrial production declined 0.6 percent in November after decreasing 0.4 percent in October. In November, manufacturing production was unchanged from October. The index for utilities dropped 4.3 percent, as unusually warm weather held down the demand for heating. The index for mining fell 1.1 percent in November, with much of this decrease attributable to sizable declines for coal mining and for oil and gas well drilling and servicing. At 106.5 percent of its 2012 average, total industrial production in November was 1.2 percent below its year-earlier level. Capacity utilization for the industrial sector declined 0.5 percentage point in November to 77.0 percent, a rate that is 3.1 percentage points below its long-run (1972-2014) average.
December 16, 2015
G17: G.17 annual revision planned around the end of the first quarter of 2016The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity utilization around the end of the first quarter of 2016. New annual benchmark data for 2014 for manufacturing will be incorporated, as will other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
Capacity and capacity utilization will be revised to incorporate data through the fourth quarter of 2015 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
December 16, 2015
G17: Microprocessor Price Index and Computer Storage Equipment Price Index ReleasedThe Federal Reserve released updated microprocessor price index with new data for 2012 and 2013. This price index was previously issued in 2013 with data for 2007 through 2011. The updated price index was incorporated into the industrial production index for semiconductors and related electronic components published on July 21, 2015, as a part of the annual revision to the G.17 statistical release on industrial production and capacity utilization.
The Federal Reserve also issued an annual price index for computer storage equipment for the period 2002 through 2014. The index provides an estimate of year-to-year price changes for computer storage equipment assuming that the quality of the device is unchanged. Data from IDC, a company specializing in information technology industries, were used to construct a matched-model quarterly price index, which was then converted to an annual index. This annual price index was incorporated into the industrial production indexes for computer storage equipment at the time of the annual revision to the G.17 statistical release on industrial production and capacity utilization that was published on July 21, 2015.
December 10, 2015
Z1: Z.1 release: 2015:Q3 data now available for the Financial Accounts of the United StatesThis release incorporates numerous revisions, structural changes, and enhancements. Major changes are described in the "Release Highlights" section of the publication. These and other changes, such as code changes, are also described in the online Financial Accounts Guide (www.federalreserve.gov/apps/fof/). Data are available for download through the Federal Reserve Data Download Program (DDP). Series that appear in published tables are available immediately. Underlying detail series are generally available for download within two business days of the Z.1 release. The next Z.1 release will be Thursday, March 10, 2016, at 12:00 noon.
December 07, 2015
G19: Addition to the Consumer Credit (G.19) releaseDecember 04, 2015
Z1: Next Z.1 release date is Thursday December 10, 2015; at 12:00 noonA preview of changes to the upcoming December 10, 2015, Financial Accounts of the United States (Z.1) release, including code changes, release highlights, and table structure, is available online at http://www.federalreserve.gov/releases/z1/preview/Coded/preliminary-code-changes.htm.
November 17, 2015
G17: G.17 Data for October 2015 are now availableIndustrial production and capacity utilization data for October 2015 are now available.
Industrial production declined 0.2 percent in October after decreasing the same amount in September. In October, the index for manufacturing moved up 0.4 percent, while the index for mining fell 1.5 percent and the index for utilities dropped 2.5 percent. For the third quarter as a whole, total industrial production is now estimated to have increased at an annual rate of 2.6 percent; a gain of 1.8 percent had been reported previously. At 107.2 percent of its 2012 average, total industrial production in October was 0.3 percent above its year-earlier level. Capacity utilization for the industrial sector declined 0.2 percentage point in October to 77.5 percent, a rate that is 2.6 percentage points below its long-run (1972-2014) average.
October 30, 2015
Z1: Enhanced Financial Accounts project updatedData for 2015:Q2 are now available for the Enhanced Financial Accounts project on Syndicated Loan Portfolios of Financial Institutions. The most recent data are available online at https://www.federalreserve.gov/apps/fof/efa/enhanced-financial-accounts.htm
October 26, 2015
H10: Updated weight tables go into effect on Monday, October 26, 2015October 16, 2015
G17: G.17 Data for September 2015 are now availableIndustrial production and capacity utilization data for September 2015 are now available.
Industrial production decreased 0.2 percent in September after edging down 0.1 percent in August. The decline in August is smaller than previously reported. In September, manufacturing output moved down 0.1 percent for a second consecutive monthly decrease; the index for mining fell 2.0 percent, while the index for utilities rose 1.3 percent. For the third quarter as a whole, total industrial production rose at an annual rate of 1.8 percent, and manufacturing output increased 2.5 percent. A strong gain for motor vehicles and parts contributed substantially to the quarterly increases. At 107.1 percent of its 2012 average, total industrial production in September was 0.4 percent above its year-earlier level. Capacity utilization for the industrial sector fell 0.3 percentage point in September to 77.5 percent, a rate that is 2.6 percentage points below its long-run (1972-2014) average.
October 01, 2015
H6: Removal from List of Principal Federal Economic IndicatorsEffective January 1, 2016, the Federal Reserve Board's Statistical Release "Money Stock Measures" (the H.6) will be removed from the Office of Management and Budget's list of Principal Federal Economic Indicators. The release will not change in any other way; the removal of the Principal Federal Economic Indicator designation will not affect the contents of the release, or the manner of its publication. The H.6 will still be released every Thursday, unless that Thursday is a federal holiday, in which case the release will be issued the next business day.
October 01, 2015
H41: Effective January 1, 2016, the H.4.1 will be removed from the Office of Management and Budget's list of Principal Federal Economic Indicators.Effective January 1, 2016, the Federal Reserve Board's Statistical Release "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks" (the H.4.1) will be removed from the Office of Management and Budget's list of Principal Federal Economic Indicators. The release will not change in any other way; the removal of the Principal Federal Economic Indicator designation will not affect the contents of the release, or the manner of its publication. The H.4.1 will still be released every Thursday, unless that Thursday is a federal holiday, in which case the release will be issued the next business day.
September 25, 2015
Z1: Enhanced Financial Accounts projects updatedData for 2015:Q2 are now available for the Enhanced Financial Accounts projects related to depository institutions' consolidated balance sheet and off-balance-sheet items. The most recent data are available online at https://www.federalreserve.gov/apps/fof/efa/enhanced-financial-accounts.htm
September 21, 2015
Z1: Financial Accounts data correctedThe allocation between marketable and nonmarketable Treasury securities in the latest Z.1 release has been corrected for 1945:Q4 to 1986:Q4. This change affects the Data Download Program, Historical PDFs, and Historical prn files for tables F.106, L.106, F.210, and L.210. Total Treasury securities and federal government debt are unchanged.
September 18, 2015
Z1: Next Z.1 release date is Thursday, December 10, 2015, at 12:00 noonSeptember 18, 2015
Z1: Minor changes to Z.1 DDP packagesTwo minor changes to the Z.1 DDP packages for the September 18, 2015 release have been made. First, all pre-formatted packages have been modified to contain only the 5 most recent observations by default. Also, pre-formatted packages containing unpublished sector series for flows, levels, and revaluations are no longer available.
September 17, 2015
G17: G.17 Data for August 2015 are now availableIndustrial production and capacity utilization data for August 2015 are now available.
Industrial production decreased 0.4 percent in August after increasing 0.9 percent in July. The increase in July is now estimated to be greater than originally reported last month, largely as a result of upward revisions for mining and utilities. Manufacturing output fell 0.5 percent in August primarily because of a large drop in motor vehicles and parts that reversed a substantial portion of its jump in July; production elsewhere in manufacturing was unchanged. The index for mining fell 0.6 percent in August, while the index for utilities rose 0.6 percent. At 107.1 percent of its 2012 average, total industrial production in August was 0.9 percent above its year-earlier level. Capacity utilization for the industrial sector fell 0.4 percentage point in August to 77.6 percent, a rate that is 2.5 percentage points below its long-run (1972-2014) average.
September 11, 2015
Z1: Next Z.1 release date is Friday September 18, 2015; at 12:00 noonA preview of changes to the upcoming September 18, 2015, Financial Accounts of the United States (Z.1) release, including code changes, release highlights, and table structure, is available online at http://www.federalreserve.gov/releases/z1/preview/Coded/preliminary-code-changes.htm.
August 28, 2015
Z1: New: Enhanced Financial AccountsAugust 14, 2015
G17: G.17 Data for July 2015 are now availableIndustrial production and capacity utilization data for July 2015 are now available.
Industrial production increased 0.6 percent in July after moving up 0.1 percent in June. In July, manufacturing output advanced 0.8 percent primarily because of an increase in motor vehicle assemblies. The output of motor vehicles and parts jumped 10.6 percent, and production elsewhere in manufacturing edged up 0.1 percent. The index for mining rose 0.2 percent, while the index for utilities fell 1.0 percent. At 107.5 percent of its 2012 average, total industrial production in July was 1.3 percent above its year-earlier level. (The comparison base year for industrial production was advanced to 2012 in the annual revision to the statistics published on July 21, 2015.) Capacity utilization for the industrial sector increased 0.3 percentage point in July to 78.0 percent, a rate that is 2.1 percentage points below its long-run (1972-2014) average.
August 13, 2015
G17: The base year for the G.17 data was advanced to 2012The annual revision to the G.17 statistics on industrial production (IP) and the related measures of capacity utilization, which was published on July 21, 2015, advanced the comparison base year to 2012. Future monthly releases, including the G.17 publication that will be issued tomorrow, August 14, 2015, will reflect this change.
August 07, 2015
G17: Communications Equipment Price Indexes ReleasedAugust 06, 2015
H3: Change to the Payment of Interest on Excess Reserve BalancesJuly 30, 2015
H3: Change to the Payment of Interest on Excess Reserve BalancesJuly 30, 2015
G17: Seasonal factors for auto and truck sales have been releasedJuly 23, 2015
H3: Change to the Payment of Interest on Excess Reserve BalancesJuly 23, 2015
PRATES: Change to the Payment of Interest on Excess Reserve BalancesJuly 21, 2015
G17: G.17 Annual Revision ReleasedJuly 20, 2015
G17: G.17 Annual Revision - Additional Information about New SeriesJuly 15, 2015
G17: G.17 Annual Revision 2015 Time and New SeriesJuly 15, 2015
G17: G.17 Data for June 2015 are now availableJuly 10, 2015
G19: Revisions of G.19 - Consumer Credit for July 8, 2015June 15, 2015
G17: G.17 Data for May 2015 are now availableIndustrial production and capacity utilization data for May 2015 are now available.
Industrial production decreased 0.2 percent in May after falling 0.5 percent in April. The decline in April was larger than previously reported, but the rates of change for previous months were generally revised higher, leaving the level of the index in April slightly above its initial estimate. Manufacturing output decreased 0.2 percent in May and was little changed, on net, from its level in January. In May, the index for mining moved down 0.3 percent after declining more than 1 percent per month, on average, in the previous four months. The slower rate of decrease for mining output last month was due in part to a reduced pace of decline in the index for oil and gas well drilling and servicing. The output of utilities increased 0.2 percent in May. At 105.1 percent of its 2007 average, total industrial production in May was 1.4 percent above its year-earlier level. Capacity utilization for the industrial sector decreased 0.2 percentage point in May to 78.1 percent, a rate that is 2.0 percentage points below its long-run (1972-2014) average.
June 11, 2015
Z1: Next Z.1 release date is Thursday, September 18, 2015, at 12:00 noonJune 04, 2015
Z1: Next Z.1 release date is Thursday June 11, 2015; at 12:00 noonA preview of changes to the upcoming June 11, 2015, Financial Accounts of the United States (Z.1) release, including code changes, release highlights, and table structure, is available online at http://www.federalreserve.gov/releases/z1/preview/Coded/preliminary-code-changes.htm.
June 02, 2015
G17: Seasonal Factors for auto and truck production have been reestimatedMay 19, 2015
G20: Changes to the Finance Companies (G.20) ReleaseMay 15, 2015
G17: G.17 Data for April 2015 are now availableIndustrial production and capacity utilization data for April 2015 are now available.
Industrial production decreased 0.3 percent in April for its fifth consecutive monthly loss. Manufacturing output was unchanged in April after recording an upwardly revised gain of 0.3 percent in March. In April, the index for mining moved down 0.8 percent, its fourth consecutive monthly decrease; a sharp fall in oil and gas well drilling has more than accounted for the overall decline in mining this year. The output of utilities fell 1.3 percent in April. At 105.2 percent of its 2007 average, total industrial production in April was 1.9 percent above its year-earlier level. Capacity utilization for the industrial sector decreased 0.4 percentage point in April to 78.2 percent, a rate that is 1.9 percentage points below its long-run (1972-2014) average.
May 15, 2015
G17: G.17 Annual Revision 2015 Publication DateThe Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization on July 21, 2015. New annual benchmark data for 2012 and 2013 for manufacturing will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The weights for market-group splits of the indexes will be updated with information from the 2007 benchmark input-output accounts from the Bureau of Economic Analysis. The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
May 05, 2015
G19: Upcoming changes to the May 7th Consumer Credit (G.19) releaseStarting on May 7th, 2015, publication of finance company auto loan terms of credit series will resume using a new source. The new series will be produced on a quarterly basis and will extend back to 2008Q1. The replaced finance company terms of credit series shown on prior G.19 releases will continue to be made available in the G.19 Data Download. The release will also contain revisions extending back to January 2006 that are primarily caused by updated seasonal factors and the benchmarking of estimates to data released by the Department of Education and the U.S. Census Bureau.
April 15, 2015
G17: G.17 Data for March 2015 are now availableIndustrial production and capacity utilization data for March 2015 are now available.
Industrial production decreased 0.6 percent in March after increasing 0.1 percent in February. For the first quarter of 2015 as a whole, industrial production declined at an annual rate of 1.0 percent, the first quarterly decrease since the second quarter of 2009. The decline last quarter resulted from a drop in oil and gas well drilling and servicing of more than 60 percent at an annual rate and from a decrease in manufacturing production of 1.2 percent. In March, manufacturing output moved up 0.1 percent for its first monthly gain since November; however, factory output in January is now estimated to have fallen 0.6 percent, about twice the size of the previously reported decline. The index for mining decreased 0.7 percent in March. The output of utilities fell 5.9 percent to largely reverse a similarly sized increase in February, which was related to unseasonably cold temperatures. At 105.2 percent of its 2007 average, total industrial production in March was 2.0 percent above its level of a year earlier. Capacity utilization for the industrial sector decreased 0.6 percentage point in March to 78.4 percent, a rate that is 1.7 percentage points below its long-run (1972-2014) average.
March 16, 2015
G17: G.17 Data for February 2015 are now availableIndustrial production and capacity utilization data for February 2015 are now available.
Industrial production increased 0.1 percent in February after decreasing 0.3 percent in January. In February, manufacturing output moved down 0.2 percent, its third consecutive monthly decline. The rates of change for the total index in January and for manufacturing in both December and January are lower than previously reported. The index for mining fell 2.5 percent in February; drops in the indexes for coal mining and for oil and gas well drilling and servicing primarily accounted for the decrease. The output of utilities jumped 7.3 percent, as especially cold temperatures drove up demand for heating. At 105.8 percent of its 2007 average, total industrial production in February was 3.5 percent above its level of a year earlier. Capacity utilization for the industrial sector decreased to 78.9 percent in February, a rate that is 1.2 percentage points below its long-run (1972-2014) average.
March 12, 2015
Z1: Next Z.1 release date is Thursday, June 11, 2015, at 12:00 noonMarch 06, 2015
Z1: Next Z.1 release date is Thursday March 12, 2015; at 12:00 noonA preview of changes to the upcoming March 12, 2015, Financial Accounts of the United States (Z.1) release, including code changes, release highlights, and table structure, is available online at http://www.federalreserve.gov/releases/z1/preview/Coded/preliminary-code-changes.htm.
February 18, 2015
G17: G.17 Data for January 2015 are now availableIndustrial production and capacity utilization data for January 2015 are now available.
Industrial production increased 0.2 percent in January after decreasing 0.3 percent in December. The rates of change in output for September through December are all slightly lower than previously published; even so, production is estimated to have advanced at an annual rate of 4.3 percent in the fourth quarter of last year. In January, manufacturing output moved up 0.2 percent and was 5.6 percent above its year-earlier level. The index for mining decreased 1.0 percent, with the decline more than accounted for by a substantial drop in the index for oil and gas well drilling and related support activities. The output of utilities increased 2.3 percent. At 106.2 percent of its 2007 average, total industrial production in January was 4.8 percent above its level of a year earlier. Capacity utilization for the industrial sector was unchanged in January at 79.4 percent, a rate that is 0.7 percentage point below its long-run (1972-2014) average.
February 17, 2015
H15: Federal Reserve Board ClosureFebruary 17, 2015
H10: Federal Reserve Board ClosureFebruary 06, 2015
SLOOS: Additional Senior Loan Officer Opinion Survey data available in DDPThe Data Download Program (DDP) for the Senior Loan Officer Opinion Survey has now been extended to include these new series from the survey. Responses to the residential real estate questions under the previous definitions may be obtained from the DDP by selecting the "Discontinued standards, terms, and demand" option under "Build your package."
January 22, 2015
H6: Money Stock Revisions4:30 p.m. EST
January 22, 2015
The Federal Reserve revised its measures of the money stock and their components to incorporate updated seasonal factors and a new quarterly benchmark.
This release includes seasonally adjusted measures of the monetary aggregates and components produced with revised seasonal factors, which were derived from data through December 2014 and estimated using the X-12-ARIMA procedure.[1] The revisions to the seasonal factors resulted in a lower growth rate for seasonally adjusted M2 in the first half of 2014 and a higher growth rate for seasonally adjusted M2 in the second half.
This release also includes a new quarterly benchmark, which incorporates minor revisions to data reported in the quarterly deposit reports, and it takes account of deposit data from Call Reports for banks and thrift institutions that are not weekly or quarterly deposit reporters.[2] These revisions to deposit data start in 2013. In addition, this release incorporates data from Call Reports on the amount of small-denomination time deposits held in individual retirement accounts (IRAs) and Keogh accounts; related revisions to deposit data start in 2014. Likewise, the benchmark incorporates revisions to IRA and Keogh balances held at retail and institutional money market mutual funds; these revisions to data on money market mutual funds begin in 1996. This release also incorporates the receipt of historical information from other sources of data.
The effects of both the revisions to seasonal factors and the new quarterly benchmark on the growth rates of M1 and M2 are outlined in appendix tables 6 and 7.
Historical data, updated each week, are available with the H.6 statistical release at www.federalreserve.gov/releases.
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[1] Information on the X-12-ARIMA procedure is available on the U.S. Census Bureau website at www.census.gov/srd/www/x12a.
[2] "Call Reports" refers to the commercial bank Consolidated Reports of Condition and Income (FFIEC 031 and 041; OMB No. 7100-0036) and the credit union Statement of Financial Condition (NCUA 5300/5300SF; OMB No. 3133-0004).
January 16, 2015
H8: Changes to Items Reported on the H.8 Release as of January 7, 2015Effective with this release, several changes have been made to line items shown on the H.8 release. These changes relate to the Federal Reserve Board's notice published in the Federal Register, 79 FR 57101 on September 24, 2014.
The following line items have been added to the release:
1. Current line item 14, Commercial real estate loans, has been disaggregated into four components: (a) Construction and land development loans; (b) Loans secured by farmland; (c) Loans secured by multifamily properties; and (d) Loans secured by nonfarm nonresidential properties.
2. Current line item 17, Other consumer loans, has been subdivided into two items: (a) Automobile loans; and (b) All other consumer loans.
3. Current line item 20, All other loans and leases, has been split into two items: (a) Loans to nondepository financial institutions; and (b) Other loans not elsewhere classified.
4. A subcomponent of Memoranda line item 44, Net unrealized gains (losses) on available-for-sale securities, covering net unrealized gains (losses) on U.S. Treasury and agency securities, mortgage-backed securities, has been added.
5. Two Memoranda line items covering loans to businesses with original amounts of $1,000,000 or less have been added: (a) Loans secured by nonfarm nonresidential properties; and (b) Commercial and industrial loans to U.S. addressees.
The following line items have been discontinued:
1. Former line items 27 and 38, Derivatives with positive and negative fair values, are no longer being published. The amount of derivatives with positive and negative fair values are now reported as part of line item 26 and line item 37, respectively.
2. Memoranda line items 45, 46, 47, and 48, covering securitized consumer and real estate loans, have also been dropped.
The historical data for the discontinued items will remain available for download through the Federal Reserve Board's Data Download Program (DDP).
January 16, 2015
CP: Revisions of Commercial Paper information for January 15, 2015On January 16, 2015, the Commercial Paper Volume Statistics page was updated erroneously for A2/P2 nonfinancial issuance on January 15, 2015. The information has been corrected in the Commercial Paper release and the DDP database.
January 16, 2015
G17: G.17 Data for December 2014 are now availableIndustrial production and capacity utilization data for December 2014 are now available.
Industrial production decreased 0.1 percent in December after rising 1.3 percent in November. The decrease in December reflected a sharp drop in the output of utilities, as warmer-than-usual temperatures reduced demand for heating; excluding utilities, industrial production rose 0.7 percent. Manufacturing posted a gain of 0.3 percent for its fourth consecutive monthly increase. The index for mining increased 2.2 percent after falling in the previous two months. At 106.5 percent of its 2007 average, total industrial production in December was 4.9 percent above its level of a year earlier. For the fourth quarter of 2014 as a whole, industrial production advanced at an annual rate of 5.6 percent, with widespread gains among the major market and industry groups. Capacity utilization for the industrial sector decreased 0.3 percentage point in December to 79.7 percent, a rate that is 0.4 percentage point below its long-run (1972-2013) average.
January 09, 2015
H8: Upcoming Changes to Items Reported on the H.8 Release as of January 7, 2015Effective with the release dated January 16, 2015, several changes will be made to line items shown on the H.8 release.
These changes relate to the Federal Reserve Board's notice published in the Federal Register, 79 FR 57101 on September 24, 2014.
The following line items will be added to the release:
1. Current line item 14, Commercial real estate loans, will be disaggregated into four components: (a) Construction and land development loans; (b) Loans secured by farmland; (c) Loans secured by multifamily properties; and (d) Loans secured by nonfarm nonresidential properties.
2. Current line item 17, Other consumer loans, will be subdivided into two items: (a) Automobile loans; and (b) All other consumer loans.
3. Current line item 20, All other loans and leases, will be split into two items: (a) Loans to nondepository financial institutions; and (b) Other loans not elsewhere classified.
4. A subcomponent of Memoranda line item 44, Net unrealized gains (losses) on available-for-sale securities, covering net unrealized gains (losses) on U.S. Treasury and agency securities, mortgage-backed securities, will be added.
5. Two Memoranda line items covering loans to businesses with original amounts of $1,000,000 or less will be added: (a) Loans secured by nonfarm nonresidential properties; and (a) Commercial and industrial loans to U.S. addressees.
The following line items will be discontinued:
1. Current line items 27 and 38, Derivatives with positive and negative fair values, will no longer be published. The amount of derivatives with positive and negative fair values will be reported as part of line item 26 and line item 37, respectively.
2. Memoranda line items 45, 46, 47, and 48, covering securitized consumer and real estate loans, will also be dropped.
The historical data for the discontinued items will remain available for download through the Federal Reserve Board's Data Download Program (DDP).
December 15, 2014
G17: G.17 Data for November 2014 are now availableIndustrial production and capacity utilization data for November 2014 are now available.
Industrial production increased 1.3 percent in November after edging up in October; output is now reported to have risen at a faster pace over the period from June through October than previously published. In November, manufacturing output increased 1.1 percent, with widespread gains among industries. The rise in factory output was well above its average monthly pace of 0.3 percent over the previous five months and was its largest gain since February. In November, the output of utilities jumped 5.1 percent, as weather that was colder than usual for the month boosted demand for heating. The index for mining decreased 0.1 percent. At 106.7 percent of its 2007 average, total industrial production in November was 5.2 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.8 percentage point in November to 80.1 percent, a rate equal to its long-run (1972-2013) average.
December 11, 2014
CP: Correction to directly-placed outstanding for December 10, 2014On December 11, 2014, the directly-placed outstanding for December 10, 2014, on the Outstanding page were posted erroneously. The directly-placed outstanding category for December 10, 2014, is now correct in both the Commercial Paper release and the DDP database.
December 11, 2014
Z1: Next Z.1 release date is Thursday, March 12, 2015, at 12:00 noonDecember 05, 2014
Z1: Next Z.1 release date is Thursday December 11, 2014; at 12:00 noonA preview of changes to the upcoming December 11, 2014, Financial Accounts of the United States (Z.1) release, including code changes, release highlights, and table structure, is available online at http://www.federalreserve.gov/releases/z1/preview/Coded/preliminary-code-changes.htm.
November 17, 2014
G17: G.17 Data for October 2014 are now availableIndustrial production and capacity utilization data for October 2014 are now available.
Industrial production edged down 0.1 percent in October after having advanced 0.8 percent in September. In October, manufacturing output increased 0.2 percent for the second consecutive month. The index for mining declined 0.9 percent and the output of utilities moved down 0.7 percent. At 104.9 percent of its 2007 average, total industrial production in October was 4.0 percent above its level of a year earlier. Capacity utilization for the industrial sector decreased 0.3 percentage point in October to 78.9 percent, a rate that is 1.2 percentage points below its long-run (1972-2013) average.
November 13, 2014
H41: Change to H.4.1, removal of table related to TALF LLC (previously numbered as table 5)In order to provide information on amounts from the previous year, amounts for the "Term Asset-Backed Securities Loan Facility" and the "Net portfolio holdings of TALF LLC" continue to be shown on table 1 "Factors Affecting Reserve Balances of Depository Institutions," and amounts for the net portfolio holdings of TALF LLC also continue to be shown on the renumbered table 5 "Consolidated Statement of Condition of All Federal Reserve Banks."
November 03, 2014
SLOOS: Additional Senior Loan Officer Opinion Survey data available in DDPOctober 21, 2014
CP: Commercial Paper (CP) Data Download ProgramOctober 21, 2014
H10: Updated weight tables go into effect on Monday, October 20, 2014October 16, 2014
G17: G.17 Data for September 2014 are now availableIndustrial production and capacity utilization data for September 2014 are now available.
Industrial production increased 1.0 percent in September and advanced at an annual rate of 3.2 percent in the third quarter of 2014, roughly its average quarterly increase since the end of 2010. In September, manufacturing output moved up 0.5 percent, while the indexes for mining and for utilities climbed 1.8 percent and 3.9 percent, respectively. For the third quarter as a whole, manufacturing production rose at an annual rate of 3.5 percent and mining output increased at an annual rate of 8.7 percent. The output of utilities fell at an annual rate of 8.5 percent for a second consecutive quarterly decline. At 105.1 percent of its 2007 average, total industrial production in September was 4.3 percent above its level of a year earlier. The capacity utilization rate for total industry moved up 0.6 percentage point in September to 79.3 percent, a rate that is 1.0 percentage point above its level of 12 months earlier but 0.8 percentage point below its long-run (1972-2013) average.
September 18, 2014
H41: Change to H.4.1, Removal of Tables related to Maiden Lane II LLC and III LLC (previously numbered as tables 5 and 6)Amounts for "Net portfolio holdings of Maiden Lane II LLC," and "Net portfolio holdings of Maiden Lane III LLC" continue to be shown on table 1 "Factors Affecting Reserve Balances of Depository Institutions," and on the renumbered table 6 "Consolidated Statement of Condition of All Federal Reserve Banks" in order to provide information on figures from the previous year.
September 18, 2014
Z1: Next Z.1 release date is Thursday, December 11, 2014, at 12:00 noonSeptember 15, 2014
G17: G.17 Data for August 2014 are now availableIndustrial production and capacity utilization data for August 2014 are now available.
The index of industrial production edged down 0.1 percent in August, and the index for manufacturing output decreased 0.4 percent; the declines were the first for each since January. The gains in July for both indexes were revised down. The declines in total industrial production and in manufacturing output in August reflected a decrease of 7.6 percent in the production of motor vehicles and parts, which had jumped more than 9 percent in July. Excluding motor vehicles and parts, factory output rose 0.1 percent in both July and August. The production at mines moved up 0.5 percent in August, and the output of utilities rose 1.0 percent. At 104.1 percent of its 2007 average, total industrial production in August was 4.1 percent above its year-earlier level. Capacity utilization for total industry decreased 0.3 percentage point in August to 78.8 percent, a rate 1.0 percentage point above its level of a year earlier and 1.3 percentage points below its long-run (1972-2013) average.
September 12, 2014
Z1: Next Z.1 release date is Thursday September 18, 2014; at 12:00 noonA preview of changes to the upcoming September 18, 2014, Financial Accounts of the United States (Z.1) release, including code changes, release highlights, and table structure, is available online at http://www.federalreserve.gov/releases/z1/preview/Coded/preliminary-code-changes.htm.
August 15, 2014
G17: G.17 Data for July 2014 are now availableIndustrial production and capacity utilization data for July 2014 are now available.
Industrial production increased 0.4 percent in July for its sixth consecutive monthly gain. Manufacturing output advanced 1.0 percent in July, its largest increase since February. The production of motor vehicles and parts jumped 10.1 percent, while output in the rest of the manufacturing sector rose 0.4 percent. The production at mines moved up 0.3 percent, its ninth consecutive monthly increase. The output of utilities dropped 3.4 percent, as weather that was milder than usual for July reduced demand for air conditioning. At 104.4 percent of its 2007 average, total industrial production in July was 5.0 percent above its year-earlier level. Capacity utilization for total industry edged up 0.1 percentage point to 79.2 percent in July, a rate 1.7 percentage points above its level of a year earlier and 0.9 percentage point below its long-run (1972-2013) average.
August 01, 2014
G17: Seasonal factors for auto and light truck sales have been releasedSeasonal factors for auto and truck sales have been released.
The Federal Reserve Board estimates seasonal factors for new light vehicle sales and provides these factors to The Bureau of Economic Analysis (BEA) for use in the National Income and Product Accounts. These factors are estimated once per year using X12-ARIMA and were last estimated in summer 2014, using vehicle sales data through April 2014. The factors will be revised again in summer 2015.
July 16, 2014
G17: G.17 Data for June 2014 are now availableIndustrial production and capacity utilization data for June 2014 are now available.
Industrial production increased 0.2 percent in June and advanced at an annual rate of 5.5 percent for the second quarter of 2014. In June, manufacturing output edged up 0.1 percent for its fifth consecutive monthly gain, while the production at mines moved up 0.8 percent and the output of utilities declined 0.3 percent. For the second quarter as a whole, manufacturing production rose at an annual rate of 6.7 percent, while mining output increased at an annual rate of 18.8 percent because of gains in the extraction of oil and gas; by contrast, the output of utilities fell at an annual rate of 21.4 percent following a weather-related increase of 15.6 percent in the first quarter. At 103.9 percent of its 2007 average, total industrial production in June was 4.3 percent above its level of a year earlier. The capacity utilization rate for total industry was unchanged in June at 79.1 percent, a rate that is 1.0 percentage point below its long-run (1972-2013) average.
July 16, 2014
G17: Revised Estimates of Industrial CapacityThe estimates for industrial capacity in 2013 were revised for today's G.17 release. The revisions reflect updated measures of physical capacity from various government and trade sources as well as updated estimates of capital spending by industry. Capacity for the industrial sector, measured from the fourth quarter of 2013 to the fourth quarter of 2014, is now expected to increase 3.1 percent, a rate that is 0.1 percentage point faster than previously estimated. Manufacturing capacity is expected to rise 2.2 percent in 2014, a pace 0.4 percentage point less than in previous estimates; the downward revisions to capacity were widespread among manufacturing industries. The increase in mining capacity for 2014 has been revised up 3.4 percentage points to 9.2 percent, entirely as a result of an upward revision to the capacity for oil and gas extraction. The gain in capacity for utilities, at 1.0 percent, is unrevised.
July 08, 2014
G19: G.19 Consumer Credit data in DDP now availableJuly 08, 2014
G19: G.19 Consumer Credit data in DDP temporarily unavailableJune 16, 2014
G17: G.17 Data for May 2014 are now availableIndustrial production and capacity utilization data for May 2014 are now available.
Industrial production rose 0.6 percent in May after having declined 0.3 percent in April. The decrease in April was previously reported to have been 0.6 percent. Manufacturing output increased 0.6 percent in May after having moved down 0.1 percent in the previous month. In May, the output of mines gained 1.3 percent and the production of utilities decreased 0.8 percent. At 103.7 percent of its 2007 average, total industrial production in May was 4.3 percent above its level of a year earlier. The capacity utilization rate for total industry increased 0.2 percentage point in May to 79.1 percent, a rate that is 1.0 percentage point below its long-run (1972-2013) average.
June 12, 2014
H41: Correction to the face value of securities under reverse repurchase agreementsThe Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been corrected to include securities pledged as collateral for tri-party reverse repurchase agreements shown in table 10 as "Less: Face value of securities under reverse repurchase agreements."
Historical data incorporating this correction can be accessed through the Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41. Historical releases incorporating this correction can be accessed at http://www.federalreserve.gov/releases/h41.
The revised data are reported at the following link:
http://www.federalreserve.gov/releases/h41/2014update.htm.
June 10, 2014
Z1: Financial Accounts data correctedUnidentified miscellaneous liabilities of the security brokers and dealers sector in the Z.1 Financial Accounts release have been corrected for 2008:Q1 to 2009:Q3 and are now available in the Z.1 release, the Data Download Program and the historical quarterly zip files.
Next Z.1 Release date is Thursday September 18, 2014; at 12:00 noon
June 05, 2014
Z1: Next Z.1 release date is Thursday September 18, 2014; at 12:00 noonSome series identifiers for data in the Financial Accounts have been changed to make the coding more consistent across instrument categories. In addition, new series have been added while others have been discontinued. A list of these code changes, effective with the release on June 5, 2014, is available online at: http://www.federalreserve.gov/apps/fof/CodeChange.aspx
May 30, 2014
Z1: Next Z.1 release date is Thursday September 18, 2014; at 12:00 noonSome series identifiers for data in the Financial Accounts have been changed to make the coding more consistent across instrument categories. In addition, new series have been added while others have been discontinued. A list of these code changes, effective with the release on June 5, 2014, is available online at: http://www.federalreserve.gov/apps/fof/
May 15, 2014
G17: G.17 Data for April 2014 are now availableIndustrial production and capacity utilization data for April 2014 are now available.
Industrial production decreased 0.6 percent in April 2014 after having risen about 1 percent in both February and March. In April, manufacturing output fell 0.4 percent. The index had increased substantially in February and March following a decrease in January; severe weather had restrained production early in the quarter. The output of utilities dropped 5.3 percent in April, as demand for heating returned toward normal levels. The production at mines increased 1.4 percent following a gain of 2.0 percent in March. At 102.7 percent of its 2007 average, total industrial production in April was 3.5 percent above its level of a year earlier. The capacity utilization rate for total industry decreased 0.7 percentage point in April to 78.6 percent, a rate that is 1.5 percentage points below its long-run (1972-2013) average.
May 07, 2014
G19: Revisions to the G.19May 01, 2014
H15: Correction to the 1- and 3-month financial commercial paper rates for April 25th, 2014The weekly H.15 release issued on Monday, April 28th, 2014, has been corrected. The 1- and 3-month financial commercial paper rates published for April 25, 2014, should have been 0.06 and 0.11, respectively (rather than n.a.).
April 30, 2014
G19: Upcoming changes to the Consumer Credit (G.19) Data Download ProgramStarting on May 7th, 2014, all Commercial Banks and Savings Institutions series will be discontinued in the Data Download Program (DDP), with a series ending date of February 2011. The historical data will continue to be made available in the DDP. Publication of estimates for the Depository Institutions sector, the sum of Commercial Banks and Savings Institutions, will continue unaffected.
April 24, 2014
CP: Revised Average Maturity for Outstanding Commercial PaperApril 16, 2014
CP: Revisions to Commercial Paper OutstandingApril 16, 2014
G17: G.17 Data for March 2014 are now availableIndustrial production and capacity utilization data for March 2014 are now available.
Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. The rise in February was higher than previously reported primarily because of stronger gains for durable goods manufacturing and for mining. For the first quarter as a whole, industrial production moved up at an annual rate of 4.4 percent, just slightly slower than in the fourth quarter of 2013. In March, the output of manufacturing rose 0.5 percent, the output of utilities increased 1.0 percent, and the output of mines gained 1.5 percent. At 103.2 percent of its 2007 average, total industrial production in March was 3.8 percent above its level of a year earlier. Capacity utilization for total industry increased in March to 79.2 percent, a rate that is 0.9 percentage point below its long-run (1972-2013) average but 1.2 percentage points higher than a year prior.
April 03, 2014
G17: Communications Equipment Price Indexes ReleasedMarch 28, 2014
G17: Seasonal Factors for auto and truck production have been reestimatedMarch 28, 2014
G17: G.17 Annual Revision ReleasedThe Federal Reserve Board issued its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization. Data for the new series are available on the Board's public website and the Data Download Program.
The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. The annual revision for 2014 was more limited than in recent years because the source data required to extend the annual benchmark indexes of production into 2012 were mostly unavailable. Consequently, the IP indexes published with this revision are very little changed from previous estimates. Measured from fourth quarter to fourth quarter, total IP is now reported to have increased about 3 1/3 percent in each year from 2011 to 2013. Relative to the rates of change for total IP published earlier, the new rates are 1/2 percentage point higher in 2012 and little changed in any other year. Total IP still shows a peak-to-trough decline of about 17 percent for the most recent recession, and it still returned to its pre-recession peak in the fourth quarter of 2013.
March 17, 2014
G17: G.17 Data for February 2014 are now availableIndustrial production and capacity utilization data for February 2014 are now available.
Industrial production increased 0.6 percent in February after having declined 0.2 percent in January. In February, manufacturing output rose 0.8 percent and nearly reversed its decline of 0.9 percent in January, which resulted, in part, from extreme weather. The gain in factory production in February was the largest since last August. The output of utilities edged down 0.2 percent following a jump of 3.8 percent in January, and the production at mines moved up 0.3 percent. At 101.6 percent of its 2007 average, total industrial production in February was 2.8 percent above its level of a year earlier. The capacity utilization rate for total industry increased in February to 78.8 percent, a rate that is 1.3 percentage points below its long-run (1972-2013) average.
March 17, 2014
CP: No Update on March 17, 2014March 13, 2014
CP: Correction to 90-day A2-P2 Nonfinancial Commercial Paper Rate for March 12, 2014March 07, 2014
G17: Seasonal Factors for auto and truck production have been reestimatedMarch 06, 2014
Z1: Next Z.1 release date is Thursday June 5, 2014; at 12:00 noonSome series identifiers for data in the Financial Accounts have been changed to make the coding more consistent across instrument categories. In addition, new series have been added while others have been discontinued. A list of these code changes, effective with the release on March 6, 2014, is available online at: http://www.federalreserve.gov/apps/fof/CodeChange.aspx
March 03, 2014
CP: No Update on March 3, 2014March 03, 2014
H10: Federal Reserve Board ClosureFebruary 27, 2014
Z1: Next Z.1 release date is Thursday March 6, 2014; at 12:00 noonA preview of changes to the upcoming March 6, 2014 Financial Accounts of the United States (Z.1) release, including code changes, release highlights, and table structure, is available online at http://www.federalreserve.gov/releases/z1/preview/Coded/preliminary-code-changes.htm.
February 21, 2014
SLOOS: Additional Senior Loan Officer Opinion Survey data available in DDPThe Data Download Program (DDP) for the Senior Loan Officer Opinion Survey has now been extended to include these new series from the survey. Responses to the consolidated domestic commercial real estate questions prior to the split may be obtained from the DDP by selecting the "Discontinued standards, terms, and demand" option under "Build your package."
February 20, 2014
H3: Changes to the Reporting of Balances Maintained by Entities Designated as Systemically Important Financial Market Utilities in the H.3 ReleaseFebruary 20, 2014
H41: Change to H.4.1, Deposits held at the Federal Reserve Banks by financial market utilities (FMUs) designated as systemically importantFebruary 14, 2014
G17: G.17 Technical Q&A on the severe winter weather and January IPA new Technical Q&A has been posted on how the effects of the severe winter weather in January were incorporated into the IP index.
February 14, 2014
G17: G.17 Data for January 2014 are now availableIndustrial production and capacity utilization data for January 2014 are now available.
Industrial production decreased 0.3 percent in January after having risen 0.3 percent in December. In January, manufacturing output fell 0.8 percent, partly because of the severe weather that curtailed production in some regions of the country. Additionally, manufacturing production is now reported to have been lower in the fourth quarter; the index is now estimated to have advanced at an annual rate of 4.6 percent in the fourth quarter rather than 6.2 percent. The output of utilities rose 4.1 percent in January, as demand for heating was boosted by unseasonably cold temperatures. The production at mines declined 0.9 percent following a gain of 1.8 percent in December. At 101.0 percent of its 2007 average, total industrial production in January was 2.9 percent above its level of a year earlier. The capacity utilization rate for total industry decreased in January to 78.5 percent, a rate that is 1.6 percentage points below its long-run (1972-2013) average.
February 14, 2014
G17: G.17 Annual Revision 2014 Publication DateThe Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization on March 28, 2014.
February 14, 2014
G17: Articles for the 2012 and 2013 G.17 annual revisions are now availableArticles have been issued with further detail on the revisions to the index of industrial production (IP) and capacity utilization that were released on March 30, 2012, and March 22, 2013.
February 13, 2014
CP: No Update on February 13, 2014January 21, 2014
H15: Federal Reserve Board ClosureJanuary 21, 2014
H10: Federal Reserve Board ClosureJanuary 17, 2014
G17: G.17 Data for December 2013 are now availableIndustrial production and capacity utilization data for December 2013 are now available.
Industrial production rose 0.3 percent in December, its fifth consecutive monthly increase. For the fourth quarter as a whole, industrial production advanced at an annual rate of 6.8 percent, the largest quarterly increase since the second quarter of 2010; gains were widespread across industries. Following increases of 0.6 percent in each of the previous two months, factory output rose 0.4 percent in December and was 2.6 percent above its year-earlier level. The production of mines moved up 0.8 percent; the index has advanced 6.6 percent over the past 12 months. The output of utilities fell 1.4 percent after three consecutive monthly gains. At 101.8 percent of its 2007 average, total industrial production in December was 3.7 percent above its year-earlier level and 0.9 percent above its pre-recession peak in December 2007. Capacity utilization for total industry moved up 0.1 percentage point to 79.2 percent, a rate 1.0 percentage point below its long-run (1972-2012) average.
December 16, 2013
G17: G.17 Data for November 2013 are now availableIndustrial production and capacity utilization data for November 2013 are now available.
Industrial production increased 1.1 percent in November after having edged up 0.1 percent in October; output was previously reported to have declined 0.1 percent in October. The gain in November was the largest since November 2012, when production rose 1.3 percent. Manufacturing output increased 0.6 percent in November for its fourth consecutive monthly gain. Production at mines advanced 1.7 percent to more than reverse a decline of 1.5 percent in October. The index for utilities was up 3.9 percent in November, as colder-than-average temperatures boosted demand for heating. At 101.3 percent of its 2007 average, total industrial production was 3.2 percent above its year-earlier level. In November, industrial production surpassed for the first time its pre-recession peak of December 2007 and was 21 percent above its trough of June 2009. Capacity utilization for the industrial sector increased 0.8 percentage point in November to 79.0 percent, a rate 1.2 percentage points below its long-run (1972-2012) average.
December 16, 2013
G17: G.17 Annual RevisionThe Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization in late March 2014.
December 10, 2013
H15: No update on December 10, 2013December 09, 2013
FOR: Upcoming changes to the Household Debt Service and Financial Obligations RatiosDecember 09, 2013
Z1: Next Z.1 release date is Thursday March 6, 2014; at 12:00 noonSome series identifiers for data in the Financial Accounts have been changed to make the coding more consistent across instrument categories. In addition, new series have been added while others have been discontinued. A list of these code changes, effective with the release on December 9, 2013, is available online at: http://www.federalreserve.gov/apps/fof/CodeChange.aspx
December 06, 2013
CP: Maturity DistributionOn December 6, 2013, the Commercial Paper release included Maturity Distribution of Commercial Paper Outstanding as of Thursday, December 5, 2013. Going forward, the Federal Reserve will continue to release updates of these series only on Mondays reflecting data as of the previous Friday.
December 05, 2013
H15: Discontinuance of CD rates (secondary market)December 02, 2013
Z1: Next Z.1 release date is Monday December 9, 2013; at 12:00 noonA preview of changes to the upcoming December 9, 2013 Financial Accounts of the United States (Z.1) release, including code changes, release highlights, and table structure, is available online at http://www.federalreserve.gov/releases/z1/preview/Coded/preliminary-code-changes.htm.
November 15, 2013
G17: G.17 Data for October 2013 are now availableIndustrial production and capacity utilization data for October 2013 are now available.
Industrial production edged down 0.1 percent in October after having increased 0.7 percent in September. Manufacturing production rose 0.3 percent in October for its third consecutive monthly gain. The index for mining fell 1.6 percent after having risen for six consecutive months, and the output of utilities dropped 1.1 percent after having jumped 4.5 percent in September. The level of the index for total industrial production in October was equal to its 2007 average and was 3.2 percent above its year-earlier level. Capacity utilization for the industrial sector declined 0.2 percentage point in October to 78.1 percent, a rate 1.1 percentage points above its level of a year earlier and 2.1 percentage points below its long-run (1972-2012) average.
October 29, 2013
Z1: Next Z.1 release date is Monday December 9, 2013; at 12:00 noonSome series identifiers for data in the Financial Accounts have been changed to make the coding more consistent across instrument categories. In addition, new series have been added while others have been discontinued. A list of these code changes, effective with the release on September 25, 2013, is available online at: http://www.federalreserve.gov/Releases/Z1/preview/Code_changes. A preview of the coded tables is available through the "Z.1 Release Preview" link on this site. For a detailed description of the major changes see the "Release Highlights" page in the Financial Accounts Guide at http://www.federalreserve.gov/apps/fof/FOFHighlight.aspx.
October 28, 2013
G17: G.17 Data for September 2013 are now availableIndustrial production and capacity utilization data for September 2013 are now available.
Industrial production increased 0.6 percent in September following a gain of 0.4 percent in August. For the third quarter as a whole, industrial production rose at an annual rate of 2.3 percent. Manufacturing output edged up 0.1 percent in September following a gain of 0.5 percent in August, and increased at an annual rate of 1.2 percent for the third quarter. Production at mines moved up 0.2 percent in September and advanced at an annual rate of 12.9 percent for the third quarter. The output of utilities rose 4.4 percent in September following declines in each of the previous five months. The level of the index for total industrial production in September was equal to its 2007 average and was 3.2 percent above its year-earlier level. Capacity utilization for total industry moved up 0.4 percentage point to 78.3 percent, a rate 1.9 percentage points below its long-run (1972-2012) average.
October 28, 2013
G17: Gross Value of Products Series Rebased to 2009 in October's G.17 ReleaseWith the October 28, 2013 release of the G.17, the comparison base year for the data in Table 9, Gross Value of Final Products and Nonindustrial Supplies, and in Table 10, Gross-Value-Weighted Industrial Production: Stage-of-Process Groups, was advanced to 2009 to conform with the comparison base year of the national income and product accounts issued by the Bureau of Economic Analysis.
October 21, 2013
H10: Updated weight tables went into effect on Monday, October 21, 2013Updated weight tables went into effect on Monday, October 21, 2013. View new tables.
October 16, 2013
H10: Updated weight tables go into effect on Monday, October 21, 2013October 10, 2013
G17: Communications Equipment Price Indexes ReleasedOctober 09, 2013
G17: G.17 October 17th release delayedThe industrial production indexes that are published in the G.17 Statistical Release on Industrial Production and Capacity Utilization incorporate a range of data from other government agencies, the publication of which has been delayed as a result of the federal government shutdown. Consequently, the G.17 release will not be published as scheduled on October 17, 2013. After the reopening of the federal government, the Federal Reserve will announce a publication date for the G.17 release.
October 07, 2013
G19: G.19 Consumer Credit UpdateSeptember 25, 2013
Z1: Next Z.1 release date is Thursday December 5, 2013; at 12:00 noonSeptember 19, 2013
Z1: Next Z.1 release date is Wednesday September 25, 2013; at 12:00 noonSeptember 16, 2013
G19: Upcoming changes to the Consumer Credit (G.19) releaseSeptember 16, 2013
G17: G.17 Data for August 2013 are now availableIndustrial production and capacity utilization data for August 2013 are now available.
Industrial production advanced 0.4 percent in August after having been unchanged in July; the gains in August were broadly based. Following a decrease in July of 0.4 percent, which was steeper than previously reported, manufacturing production rose 0.7 percent in August. The output of mines moved up 0.3 percent, its fifth consecutive monthly increase, and the production of utilities fell 1.5 percent, its fifth consecutive monthly decrease. At 99.4 percent of its 2007 average, total industrial production in August was 2.7 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.2 percentage point in August to 77.8 percent, a rate 0.6 percentage point above its level of a year earlier and 2.4 percentage points below its long-run (1972-2012) average.
August 22, 2013
CP: Revisions to Commercial Paper OutstandingAugust 15, 2013
G17: Rebasing of Gross Value of Products Series Coming in October ReleaseWith the October 17, 2013, release of the G.17, the comparison base year for the data in Table 9, Gross Value of Final Products and Nonindustrial Supplies, and in Table 10, Gross-Value-Weighted Industrial Production: Stage-of-Process Groups, will be advanced to 2009 to conform with the comparison base year of the national income and product accounts issued by the Bureau of Economic Analysis.
August 15, 2013
G17: G.17 Data for July 2013 are now availableIndustrial production and capacity utilization data for July 2013 are now available.
Industrial production was unchanged in July after having gained 0.2 percent in June. In July, manufacturing production declined 0.1 percent. The output of mines advanced 2.1 percent, its fourth consecutive monthly increase, and the production of utilities fell 2.1 percent, its fourth consecutive monthly decrease. At 98.9 percent of its 2007 average, total industrial production in July was 1.4 percent above its year-earlier level. Capacity utilization for total industry edged down 0.1 percentage point to 77.6 percent in July, a rate 0.3 percentage point below its level of a year earlier and 2.6 percentage points below its long-run (1972-2012) average.
August 05, 2013
SLOOS: Additional Senior Loan Officer Opinion Survey data available in DDPThe Data Download Program (DDP) for the Senior Loan Officer Opinion Survey has been extended to include most series from the survey.
In order to accommodate the expansion of the data available for download, all series names have been renamed, however the original series are still available for download. A mapping of old to new names is available here.
August 02, 2013
G17: Seasonal factors for auto and light truck sales have been releasedSeasonal factors for auto and truck sales have been released.
The Federal Reserve Board estimates seasonal factors for new light vehicle sales and provides these factors to The Bureau of Economic Analysis (BEA) for use in the National Income and Product Accounts. These factors are estimated once per year using X12-ARIMA and were last estimated in summer 2013, using vehicle sales data through April 2013. The seasonal factors for months that had not yet occurred were based on projections from the X12-ARIMA program. The factors will be revised again in summer 2014.
July 26, 2013
H10: Correction to H.10 Foreign Exchange Rates released July 22, 2013July 16, 2013
G17: G.17 Data for June 2013 are now availableIndustrial production and capacity utilization data for June 2013 are now available.
Industrial production increased 0.3 percent in June after having been unchanged in May. For the second quarter as a whole, industrial production moved up at an annual rate of 0.6 percent. In June, manufacturing production rose 0.3 percent following an increase of 0.2 percent in May. The output at mines advanced 0.8 percent in June, while the output of utilities decreased 0.1 percent. At 99.1 percent of its 2007 average, total industrial production was 2.0 percent above its year-earlier level. The rate of capacity utilization for total industry edged up 0.1 percentage point to 77.8 percent, a rate that was 0.1 percentage point above its level of a year earlier but 2.4 percentage points below its long-run (1972-2012) average.
July 16, 2013
G17: Revised Estimates of Industrial CapacityThe estimates for industrial capacity in 2013 were revised for today's G.17 release. The revisions reflect updated measures of physical capacity from various government and trade sources as well as updated estimates of industry capital spending. Capacity for the industrial sector, measured from the fourth quarter of 2012 to the fourth quarter of 2013, is now expected to increase 1.8 percent, a rate that is 0.1 percentage point slower than previously estimated. Manufacturing capacity is expected to rise 1.6 percent in 2013, a pace 0.2 percentage point less than in previous estimates. Relative to the previous estimates, faster gains in the high-technology and motor vehicles industries have been more than offset by slower gains elsewhere in manufacturing. The increase in mining capacity for 2013 has been revised upward by 0.5 percentage point to 4.4 percent, while the change in capacity for utilities, at 0.9 percent, is 0.2 percentage point faster than previously estimated.
July 11, 2013
H3: Changes to the H.3 statistical release, including changes due to the Simplification of Reserve Requirements, Phase 24:30 p.m. EDT
July 11, 2013
The Board's H.3 statistical release, "Aggregate Reserves of Depository Institutions and the Monetary Base," includes data for the first time depicting (1) the penalty-free band around reserve balance requirements provided for in the final phase of the simplification of reserves administration, (2) interest rates paid on balances maintained to satisfy reserve balance requirements and balances maintained that exceed the top of the penalty-free band, and (3) a monetary base series calculated based on a simplified formula. At the same time, several series formerly published in the H.3 statistical release have been discontinued, including the break-adjusted, seasonally adjusted monetary base. Historical data for all discontinued series remain available through the Data Download Program. For supplemental information on the new H.3 statistical release, see: www.federalreserve.gov/releases/h3/h3_technical_qa.htm.
June 26, 2013
G17: Industrial Production Seasonal Adjustment ProceduresA file with detailed information on the procedures used to seasonally adjust the Industrial Production Indexes is now available for download.
June 14, 2013
G17: G.17 Data for May 2013 are now availableIndustrial production and capacity utilization data for May 2013 are now available.
Industrial production was unchanged in May after having decreased 0.4 percent in April. In May, manufacturing production rose 0.1 percent after falling in each of the previous two months, and the output at mines increased 0.7 percent. The gains in manufacturing and mining were offset by a decrease of 1.8 percent in the output of utilities. At 98.7 percent of its 2007 average, total industrial production in May was 1.6 percent above its year-earlier level. The rate of capacity utilization for total industry edged down 0.1 percentage point to 77.6 percent, a rate 0.2 percentage point below its level of a year earlier and 2.6 percentage points below its long-run (1972-2012) average.
June 14, 2013
G17: Seasonal Factors for auto and truck production have been reestimatedSeasonal factors for auto and truck production have been revised back to December 2012 and extended through March 2014. The seasonal factors will be revised again in early 2014 for the annual revision to the industrial production indexes.
June 06, 2013
H3: Upcoming changes to the H.3 statistical release, including changes due to the Simplification of Reserve Requirements, Phase 24:30 p.m. EDT
June 6, 2013
The Board's H.3 statistical release, "Aggregate Reserves of Depository Institutions and the Monetary Base," will be modified on July 11, 2013, to include data for the first time depicting (1) the penalty-free band around reserve balance requirements provided for in the final phase of the simplification of reserves administration, (2) interest rates paid on balances maintained to satisfy reserve balance requirements and balances maintained that exceed the top of the penalty-free band, and (3) a monetary base series calculated based on a simplified formula. At the same time, several series currently published in the H.3 statistical release will be discontinued, including the break-adjusted, seasonally adjusted monetary base. Historical data for all discontinued series will remain available through the Data Download Program. A template for the modified H.3 statistical release, along with supplemental information, can be found here: http://www.federalreserve.gov/releases/h3/upcoming-changes.htm.
June 06, 2013
Z1: Next Z.1 release date is Wednesday September 25, 2013; at 12:00 noonHTML/CSV files will be available later today.
June 05, 2013
Z1: Next Z.1 release date is Thursday June 6, 2013; at 12:00 noonMay 15, 2013
CP: Correction to 90-day AA Financial Commercial Paper Rate for February 14, 2013
On February 15, the 90-day AA financial rate for February 14 was erroneously posted as 0.06. The correct rate is 0.34. After discovering the error, the Commercial Paper release was updated with the correct rate, as was the DDP database.
May 15, 2013
G17: G.17 Data for April 2013 are now availableIndustrial production and capacity utilization data for April 2013 are now available.
Industrial production decreased 0.5 percent in April after having increased 0.3 percent in March and 0.9 percent in February. Manufacturing output moved down 0.4 percent in April after a decline of 0.3 percent in March. The index for utilities decreased 3.7 percent in April, as heating demand fell back to a more typical seasonal level after having been elevated in March because of unusually cold weather. The output of mines increased 0.9 percent in April. At 98.7 percent of its 2007 average, total industrial production was 1.9 percent above its year-earlier level. The rate of capacity utilization for total industry decreased 0.5 percentage point to 77.8 percent, a rate 0.1 percentage point above its level of a year earlier but 2.4 percentage points below its long-run (1972--2012) average.
April 19, 2013
H41: H.4.1 historical data in DDP temporarily unavailableApril 19, 2013
G17: Communications Equipment Price Indexes ReleasedApril 18, 2013
H41: Change to the H.4.1 historical preformatted data packagesApril 18, 2013
H41: Unamortized Premium, Unamortized Discount and Foreign Denominated Assets BreakoutThe Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to separately present the amounts of unamortized premiums and unamortized discounts on securities held outright, as well as the amount of foreign currency denominated asset holdings.
The amounts shown in table 1 of this release as "Unamortized premiums on securities held outright" and "Foreign currency denominated assets" were previously included as components of "Other Federal Reserve assets." The footnote accompanying "Other Federal Reserve assets" in table 1 has been updated to identify the remaining major components, which include accrued interest, other accounts receivable, and bank premises. The amount shown in table 1 of this release as "Unamortized discounts on securities held outright" was previously included as a component of "Other liabilities and capital." The release also reflects this additional detail on tables 8 and 9.
Historical data incorporating these new and revised line items can be accessed through the Data
Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41.
April 16, 2013
G17: G.17 Data for March 2013 are now availableIndustrial production and capacity utilization data for March 2013 are now available.
Industrial production rose 0.4 percent in March after having increased 1.1 percent in February. For the first quarter as a whole, output moved up at an annual rate of 5.0 percent, its largest gain since the first quarter of 2012. Manufacturing output edged down 0.1 percent in March after having risen 0.9 percent in February; the index advanced at an annual rate of 5.3 percent in the first quarter. Production at mines decreased 0.2 percent in March and edged down in the first quarter. In March, the output of utilities jumped 5.3 percent, as unusually cold weather drove up heating demand. At 99.5 percent of its 2007 average, total industrial production in March was 3.5 percent above its year-earlier level. The rate of capacity utilization for total industry moved up in March to 78.5 percent, a rate that is 1.2 percentage points above its level of a year earlier but 1.7 percentage points below its long-run (1972--2012) average.
April 01, 2013
CP: Maturity Distribution of Commercial Paper Outstanding with data as of March 29th has been correctedMarch 22, 2013
G17: G.17 Annual Revision ReleasedThe Federal Reserve Board issued its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization. Data for the new series are available on the Board's public website and the Data Download Program.
The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. Measured from fourth quarter to fourth quarter, total IP is now reported to have increased 0.7 percentage point less in 2011 than was previously published. The revisions to IP for other years were smaller: Compared to the previous estimates, industrial production fell slightly less in 2008 and 2009 and increased slightly less in 2010 and 2012. At 97.7 percent of its 2007 average, the index in the fourth quarter of 2012 now stands 0.4 percent below its previous estimate. With these revisions, IP is still estimated to have advanced about 6 percent in 2010, the first full year following the trough in June 2009 of the most recent recession, but it is now estimated to have risen about 3 percent both in 2011 and in 2012. Since the trough of the recession, total IP has reversed about 90 percent of its peak-to-trough decline.
March 22, 2013
G17: Seasonal Factors for auto and truck production have been reestimatedSeasonal factors for auto and truck production were revised in March 2013 for the annual revision to the index of industrial production. The seasonal factors were revised back to January 2000. The seasonal factors will next be revised in mid June 2013, when manufacturers issue their initial assembly plans for the third quarter.
March 21, 2013
G20: Revisions to finance company Assets and Liabilities estimates releasedMarch 15, 2013
G17: G.17 Annual RevisionThe Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity utilization on March 22, 2013, at 12:00 noon EDT.
March 15, 2013
G17: G.17 Data for February 2013 are now availableIndustrial production and capacity utilization data for February 2013 are now available.
Industrial production increased 0.7 percent in February after having been unchanged in January. Manufacturing output rose 0.8 percent in February, and the index revised up for the previous two months. In February, the output of utilities advanced 1.6 percent, as temperatures for the month were near their seasonal norms after two months of unseasonably warm weather. The production at mines declined 0.3 percent, its third consecutive monthly decrease. At 99.5 percent of its 2007 average, total industrial production in February was 2.5 percent above its level of a year earlier. The capacity utilization rate for total industry increased to 79.6 percent, a rate that is 0.6 percentage point below its long-run (1972--2012) average.
March 11, 2013
G17: Microprocessor Price Index ReleasedMarch 07, 2013
Z1: Next Z.1 release date is Thursday June 6, 2013; at 12:00 noonSome series identifiers for data in the Flow of Funds accounts have been changed to make the coding more consistent across instrument categories. In addition, new series have been added while others have been discontinued. A list of these code changes, effective with the release on March 7, 2012, is available online at: http://www.federalreserve.gov/Releases/Z1/preview/Code_changes
March 06, 2013
CP: Federal offices closedMarch 06, 2013
H15: Federal offices closedFebruary 15, 2013
G17: G.17 Data for January 2013 are now availableIndustrial production and capacity utilization data for January 2013 are now available.
Industrial production edged down 0.1 percent in January after having risen 0.4 percent in December. In January, manufacturing output decreased 0.4 percent following upwardly revised gains of 1.1 percent in December and 1.7 percent in November. For the fourth quarter as a whole, manufacturing production is now estimated to have advanced 1.9 percent at an annual rate; previously, the increase was reported to have been 0.2 percent. In January, the output of utilities rose 3.5 percent, as demand for heating was boosted by temperatures that fell closer to their seasonal norms; the production at mines declined 1.0 percent. At 98.6 percent of its 2007 average, total industrial production in January was 2.1 percent above its level of a year earlier. The capacity utilization rate for total industry decreased in January to 79.1 percent, a rate that is 1.1 percentage points below its long-run (1972--2012) average.
February 15, 2013
G17: G.17 Annual RevisionThe Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity utilization on March 22, 2013.
January 25, 2013
E2: E.2 Data Download Program (DDP) data now availableJanuary 17, 2013
H6: Money Stock RevisionsThe benchmark incorporates minor revisions to data reported in the quarterly deposit reports, and it takes account of deposit data from Call Reports for banks and thrift institutions that are not weekly or quarterly deposit reporters. These revisions to deposit data start in 2011. In addition, this release incorporates data from Call Reports on the amount of small-denomination time deposits held in individual retirement accounts (IRAs) and Keogh accounts; related revisions to deposit data start in 2011. The benchmark also incorporates revisions to IRA and Keogh balances held at retail and institutional money market mutual funds; these revisions to data on money market mutual funds begin in 2007. This release also incorporates the receipt of historical information from other sources of data.
Seasonally adjusted measures of the monetary aggregates and components incorporate revised seasonal factors, which were derived from data through December 2012. Monthly seasonal factors were estimated using the X-12-ARIMA procedure. The effects of both the new benchmark and the revisions to seasonal factors on the growth rates of M1 and M2 are outlined in appendix tables 6 and 7.
Historical data, updated each week, are available with the H.6 statistical release at www.federalreserve.gov/releases.
January 16, 2013
G17: G.17 Data for December 2012 are now availableIndustrial production and capacity utilization data for December 2012 are now available.
Industrial production increased 0.3 percent in December after having risen 1.0 percent in November when production rebounded in the industries that had been negatively affected by Hurricane Sandy in late October. For the fourth quarter as a whole, total industrial production moved up at an annual rate of 1.0 percent. Manufacturing output advanced 0.8 percent in December following a gain of 1.3 percent in November; production edged up at an annual rate of 0.2 percent in the fourth quarter. The output at mines rose 0.6 percent in December, and the output of utilities fell 4.8 percent as unseasonably warm weather held down the demand for heating. At 98.1 percent of its 2007 average, total industrial production in December was 2.2 percent above its year-earlier level. Capacity utilization for total industry moved up 0.1 percentage point to 78.8 percent, a rate 1.5 percentage points below its long-run (1972--2011) average.
January 11, 2013
H8: Updated DDP data now availableThe data for January 11, 2013, from the Board's H.8 statistical release are now available in the Data Download Program (DDP).
http://www.federalreserve.gov/datadownload/Choose.aspx?rel=H8
December 21, 2012
CP: No Update on December 24, 2012December 21, 2012
E2: Changes to Items Report on the Release for December, 2012- The minimum loan size reported on the survey is now $10,000, an increase from the previous minimum loan size of $7,500. This new minimum is reflected on all tables of the E.2 release.
- Loans guaranteed, either in part or in whole, by the Small Business Association (SBA) are now identified. The percent of loans backed by the SBA are now shown on tables 1-6. A new table summarizing the terms of loans backed by the SBA has been added (table 7).
- Loans made under syndication or participation are now identified. The percent of loans made under these arrangements are now shown on tables 1-6. A new table summarizing the terms of loans made under participation or syndication has been added (table 8).
In addition to these changes, the time series from the aggregate data reported on the E.2 release will be available for customizable download through the Federal Reserve Board's Data Download Program (DDP) in late January. These data will be updated quarterly with the E.2 release. Finally, we will no longer provide a PDF of the E.2 release.
December 18, 2012
G17: Communications Equipment Price Indexes ReleasedDecember 14, 2012
G17: G.17 Data for November 2012 are now availableIndustrial production and capacity utilization data for November 2012 are now available.
Industrial production increased 1.1 percent in November after having fallen 0.7 percent in October. The gain in November is estimated to have largely resulted from a recovery in production for industries that had been negatively affected by Hurricane Sandy, which hit the Northeast region in late October. In November, manufacturing output increased 1.1 percent after having decreased 1.0 percent in October; in addition to the storm-related rebound, a sizable rise in the production of motor vehicles and parts boosted factory output in November. The output of utilities advanced 1.0 percent, and production at mines rose 0.8 percent. At 97.5 percent of its 2007 average, total industrial production in November was 2.5 percent above its year-earlier level. Capacity utilization for total industry increased 0.7 percentage point to 78.4 percent, a rate 1.9 percentage points below its long-run (1972--2011) average.
December 10, 2012
Z1: Next Z.1 Release date is Thursday March 7, 2013; at 12:00 noonSome series identifiers for data in the Flow of Funds accounts have been changed to make the coding more consistent across instrument categories. In addition, new series have been added while others have been discontinued. A list of these code changes, effective with the release on December 6, 2012, is available online at: http://www.federalreserve.gov/Releases/Z1/preview/Code_changes
November 29, 2012
H3: Annual Review of Break and Seasonal Factors for Reserves and the Monetary Base4:30 P.M. EST
November 29, 2012
SPECIAL NOTICE
Data on reserves and the monetary base have been revised to reflect the result of annual reviews of seasonal factors and break factors. Revisions to seasonal factors start in January 1999, while revisions to break factors begin in January 2011. Break factors remove discontinuities (or "breaks") associated with regulatory changes in reserve requirements, such as the annual indexations of the low-reserve tranche and the reserve requirement exemption.[1] The maximum revision to total reserves, nonborrowed reserves, required reserves, and the monetary base in any maintenance period was $956 million; most revisions were less than $500 million.
A more detailed description of the methods for constructing break factors and seasonal factors is available under "Annual review of break and seasonal factors" on the Federal Reserve's website. Historical data, updated each week, are available from the Data Download Program website.
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1. The Monetary Control Act of 1980 established a reserve ratio of 3 percent against the first $25 million in net transaction deposits (low-reserve tranche) at each depository institution. Since 1982, the low-reserve tranche has been indexed each January by 80 percent of the previous year's (June 30 to June 30) growth rate of net transaction deposits at all depository institutions. For all reserve maintenance periods ending in 2012, the low-reserve tranche is $71.0 million, rising to $79.5 million for maintenance periods ending in 2013.
Under the Garn-St Germain Depository Institutions Act of 1982, the first $2 million of reservable liabilities of each depository institution was exempted from reserve requirements. Since 1983, this exemption amount has been indexed each year by 80 percent of the rate of increase of the reservable liabilities at all depository institutions over the preceding year (June 30 to June 30). For all reserve maintenance periods ending in 2012, the reserve requirement exemption is $11.5 million, rising to $12.4 million for maintenance periods ending in 2013.
November 26, 2012
Z1: Next Z.1 Release date is Thursday December 6, 2012; at 12:00 noonA preview of the coded tables for the December 6, 2012 Z.1 release is available online at: http://www.federalreserve.gov/Releases/Z1/preview/Coded/index.htm
November 26, 2012
G19: G.19 Consumer Credit updateNovember 16, 2012
G17: Seasonal Factors for auto and truck production have been reestimatedSeasonal factors for auto and truck production have been reestimated using final production data through September 2012. Factors were revised for May 2012 through December 2012 and have been extended through September 2013. Seasonal factors for months prior to May 2012 will be revised at the time of the annual revision to the index of industrial production, currently scheduled for March 2013.
November 16, 2012
G17: G.17 Data for October 2012 are now availableIndustrial production and capacity utilization data for October 2012 are now available.
Industrial production declined 0.4 percent in October after having increased 0.2 percent in September. Hurricane Sandy, which held down production in the Northeast region at the end of October, is estimated to have reduced the rate of change in total output by nearly 1 percentage point. The largest estimated storm-related effects included reductions in the output of utilities, of chemicals, of food, of transportation equipment, and of computers and electronic products. In October, the index for manufacturing decreased 0.9 percent; excluding storm-related effects, factory output was roughly unchanged from September. The output of utilities edged down 0.1 percent in October, and production at mines advanced 1.5 percent. At 96.6 percent of its 2007 average, total industrial production in October was 1.7 percent above its year-earlier level. Capacity utilization for total industry decreased 0.4 percentage point to 77.8 percent, a rate 2.5 percentage points below its long-run (1972--2011) average.
October 29, 2012
DDP: Federal Reserve Board Closure, October 30, 2012October 29, 2012
DDP: Federal Reserve Board ClosureDue to expected severe weather, federal offices in the Washington, D.C., area, are closed to the public on Monday, October 29, 2012. The Board's daily and weekly statistical releases scheduled for Monday will be published on the first business day that federal offices in the Washington, D.C., area reopen.
October 16, 2012
G17: G.17 Data for September 2012 are now availableIndustrial production and capacity utilization data for September 2012 are now available.
Industrial production rose 0.4 percent in September after having fallen 1.4 percent in August. For the third quarter as a whole, industrial production declined at an annual rate of 0.4 percent. Manufacturing output increased 0.2 percent in September but moved down at an annual rate of 0.9 percent in the third quarter. Production at mines advanced 0.9 percent in September, and the output of utilities moved up 1.5 percent. Roughly 0.3 percentage point of the decline in overall industrial production in August reflected the effect of precautionary idling of production in late August along the Gulf of Mexico in anticipation of Hurricane Isaac, and part of the rise in September is a result of the subsequent resumption of activity at idled facilities. At 97.0 percent of its 2007 average, total industrial production in September was 2.8 percent above its year-earlier level. Capacity utilization for total industry moved up 0.3 percentage point to 78.3 percent, a rate 2.0 percentage points below its long-run (1972-2011) average.
October 10, 2012
H10: Updated weight tables went into effect on Wednesday, October 10, 2012October 02, 2012
H10: Updated weight tables will go into effect on Wednesday October 10, 2012September 27, 2012
G17: Communications Equipment Price Indexes ReleasedSeptember 21, 2012
H8: Technical Q&As pageSeptember 21, 2012
G20: G20 Announcement to be released on Friday, September 21stSeptember 20, 2012
Z1: Next Z.1 Release date is Thursday December 6, 2012; at 12:00 noonA preview of the coded tables for the September 20, 2012 Z.1 release is available online at: http://www.federalreserve.gov/Releases/Z1/preview/Coded/index.htm
September 18, 2012
Z1: Next Z.1 Release date is Thursday September 20, 2012; at 12:00 noonA preview of the coded tables for the June 7, 2012 Z.1 release is available online at: http://www.federalreserve.gov/Releases/Z1/preview/Coded/index.htm
September 14, 2012
G17: G.17 Data for August 2012 are now availableIndustrial production and capacity utilization data for August 2012 are now available.
Industrial production fell 1.2 percent in August after having risen 0.5 percent in July. Hurricane Isaac restrained output in the Gulf Coast region at the end of August, reducing the rate of change in total industrial production by an estimated 0.3 percentage point. Manufacturing output decreased 0.7 percent in August after having risen 0.4 percent in both June and July. Precautionary shutdowns of oil and gas rigs in the Gulf of Mexico in advance of the hurricane contributed to a drop of 1.8 percent in the output of mines for August. The output of utilities declined 3.6 percent. At 96.8 percent of its 2007 average, total industrial production in August was 2.8 percent above its year-earlier level. Capacity utilization for total industry moved down 1.0 percentage point to 78.2 percent, a rate 2.1 percentage points below its long-run (1972--2011) average.
September 14, 2012
G17: G.17 Annual RevisionThe Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity utilization the end of March 2013.
September 07, 2012
G19: Upcoming changes to the Consumer Credit (G.19) releaseAugust 15, 2012
G17: G.17 Data for July 2012 are now availableIndustrial production and capacity utilization data for July 2012 are now available.
Industrial production increased 0.6 percent in July after having risen 0.1 percent in both May and June. Revisions to the rates of change for recent months left the level of the index in June little changed from its previous estimate. Manufacturing output rose 0.5 percent in July, the same rate of increase as was recorded for June. In July, the output of mines increased 1.2 percent, and the output of utilities rose 1.3 percent. At 98.0 percent of its 2007 average, total industrial production in July was 4.4 percent above its year-earlier level. Capacity utilization for total industry moved up 0.4 percentage point to 79.3 percent, a rate 1.0 percentage point below its long-run (1972-2011) average.
August 15, 2012
G17: Seasonal Factors for auto and truck production have been reestimatedSeasonal factors for auto and truck production have been reestimated using final production data through June 2012 and manufacturers' assembly plans through September 2012; they also reflect the holiday schedule in place from the new domestic autoworkers' agreement signed in the 3rd quarter of 2011. Factors have been revised back to March 2012 and extended through December 2012. Factors will next be revised in October 2012, after final data for production in the third quarter are available.
August 03, 2012
H10: G5/H.10 Foreign Exchange Rates in DDPAugust 02, 2012
H10: G5/H.10 Foreign Exchange Rates DDP and data correctionAugust 02, 2012
CP: Outstanding Levels for July 4 have been correctedAugust 01, 2012
G17: Seasonal factors for auto and light truck sales have been releasedSeasonal factors for auto and truck sales have been released.
The Federal Reserve Board estimates seasonal factors for new light vehicle sales and provides these factors to The Bureau of Economic Analysis (BEA) for use in the National Income and Product Accounts. These factors are estimated once per year using X12-ARIMA and were last estimated in summer 2012, using vehicle sales data through April 2012. The seasonal factors for months that had not yet occurred were based on projections from the X12-ARIMA program. The factors will be revised again in summer 2013. A comma-delimited text file containing these seasonal factors is available for download.
July 27, 2012
CP: Commercial Paper Release will be delayed on Friday, July 27July 26, 2012
H3: Simplification of Reserve Requirements, Phase 14:30 P.M. EDT
July 26, 2012
As stated in the April 5, 2012, press release, the Federal Reserve Board is in the process of simplifying the administration of reserve requirements. The first steps in this process include discontinuing "as of" adjustments related to deposit revisions, replacing all other as-of adjustments with direct compensation, and eliminating the contractual clearing balance program. As a result, required clearing balances and adjustments to compensate for float are zero beginning with the two weeks ending July 25, 2012. All other as-of adjustments are zero beginning with the two weeks ending August 8, 2012. These items are referenced in several footnotes in table 2 of the release.
July 17, 2012
G17: G.17 Data for June 2012 are now availableIndustrial production and capacity utilization data for June 2012 are now available.
Industrial production increased 0.4 percent in June after having declined 0.2 percent in May. In the manufacturing sector, output advanced 0.7 percent in June and reversed a decrease of 0.7 percent in May. In the second quarter of 2012, manufacturing output rose at an annual rate of 1.4 percent, a marked deceleration from its strong gain of 9.8 percent in the first quarter. The largest contribution to the increase in the second quarter came from motor vehicles and parts, which climbed 18.2 percent; excluding motor vehicles and parts, manufacturing output edged up 0.1 percent. Outside of manufacturing, the output of mines advanced 0.7 percent in June, while the output of utilities decreased 1.9 percent. For the quarter, however, the output of mines fell at an annual rate of 1.2 percent, while the output of utilities rose 14.9 percent. At 97.4 percent of its 2007 average, total industrial production in June was 4.7 percent above its year-earlier level. Capacity utilization for total industry moved up 0.2 percentage point in June to 78.9 percent, a rate 1.4 percentage points below its long-run (1972-2011) average.
July 09, 2012
G19: G.19 Historical page updateJuly 06, 2012
Z1: Updated Release Highlight for the June 7, 2012 ReleaseFriday, July 6, 2012, 4:00 PM
One of the Release Highlights for the June 7, 2012 release of the Flow of Funds Accounts (covering the first quarter of 2012) has been updated. The updated release highlight reads as follows:
Assets of the nonfarm nonfinancial corporate business sector (tables F.102, L.102, B.102, and R.102) have been revised from 2010:Q1 forward, to reflect new advance data from the Internal Revenue Service (IRS) Statistics of Income (SOI) for 2010, new data on mutual fund holdings from the Investment Company Institute (ICI) for 2011, and changes to judgmental factors used to create estimates for the most recent quarters.
The complete set of Release Highlights can be found here: http://www.federalreserve.gov/apps/fof/FOFHighlight.aspx
June 28, 2012
G20: Upcoming changes to the Finance Companies (G.20) releaseThe new flow data represent changes in the level of receivables due to economic and financial activity, rather than breaks in the data series due to changes in methodology, source data, and other technical aspects of the estimation that affect the level of receivables. Access to flow data allows users to calculate a growth rate for finance company receivables that excludes such breaks.
These changes will be accompanied by revisions to the estimates of receivables outstanding back to January 2006 and reflect improvements in methodology and a comprehensive review of the source data. New data will be available at: http://www.federalreserve.gov/releases/g20/current/
June 15, 2012
G17: G.17 Data for May 2012 are now availableIndustrial production and capacity utilization data for May 2012 are now available.
Industrial production edged down 0.1 percent in May after having gained 1.0 percent in April. A decrease of 0.4 percent for manufacturing production in May partially reversed a large increase in April. Outside of manufacturing, the output of mines advanced 0.9 percent in May, while the output of utilities rose 0.8 percent. At 97.3 percent of its 2007 average, total industrial production in May was 4.7 percent above its year-earlier level. Capacity utilization for total industry declined 0.2 percentage point to 79.0 percent, a rate 1.3 percentage points below its long-run (1972-2011) average.
June 07, 2012
G19: G.19 Consumer Credit DDP updateOn June 7, 2012, the G.19 Consumer Credit Data Download Program (DDP) historical data were updated to add data omitted in the 3 p.m. release of the DDP. http://www.federalreserve.gov/datadownload/Choose.aspx?rel=G19
June 07, 2012
Z1: Next Z.1 Release date is Thursday September 20, 2012; at 12:00 noonThe June 7, 2012 Z.1 release will incorporate major data revisions, structural changes and release enhancements. Preliminary release highlights describing these major changes are available on the "Release Highlights" page of the Z.1 Guide at: http://www.federalreserve.gov/apps/fof/FOFHighlight.aspx
Some series identifiers for data in the Flow of Funds accounts will change to make the coding more consistent across instrument categories. In addition, new series have been added while others have been discontinued. A list of these code changes, effective with the release on June 7, 2012, is available online at: http://www.federalreserve.gov/Releases/Z1/preview/Code_changes
Also, a number of tables have been renumbered and restructured. A preview of the coded tables for the June 7, 2012 Z.1 release is available online at: http://www.federalreserve.gov/Releases/Z1/preview/Coded/index.htm
June 04, 2012
G19: Upcoming changes to the Consumer Credit (G.19) releaseFederal Reserve Board announces upcoming changes to its Consumer Credit (G.19) release: http://www.federalreserve.gov/newsevents/press/other/20120604a.htm
May 22, 2012
Z1: Next Z.1 Release date is Thursday June 7, 2012; at 12:00 noonThe June 7, 2012 Z.1 release will incorporate major data revisions, structural changes and release enhancements. Preliminary release highlights describing these major changes are available on the "Release Highlights" page of the Z.1 Guide at: http://www.federalreserve.gov/apps/fof/FOFHighlight.aspx
Some series identifiers for data in the Flow of Funds accounts will change to make the coding more consistent across instrument categories. In addition, new series have been added while others have been discontinued. A list of these code changes, effective with the release on June 7, 2012, is available online at: http://www.federalreserve.gov/Releases/Z1/preview/Code_changes
Also, a number of tables have been renumbered and restructured. A preview of the coded tables for the June 7, 2012 Z.1 release is available online at: http://www.federalreserve.gov/Releases/Z1/preview/Coded/index.htm
May 16, 2012
G17: G.17 Data for April 2012 are now availableIndustrial production and capacity utilization data for April 2012 are now available.
Industrial production increased 1.1 percent in April. Output is now reported to have fallen 0.6 percent in March and to have moved up 0.4 percent in February; previously, industrial production was estimated to have been unchanged in both months. Manufacturing output increased 0.6 percent in April after having decreased 0.5 percent in March. Excluding motor vehicles and parts, which increased nearly 4 percent, manufacturing output moved up 0.3 percent, and output for all but a few major industries increased. Production at mines rose 1.6 percent, and the output of utilities gained 4.5 percent after unseasonably warm weather in the first quarter held down demand for heating. At 97.4 percent of its 2007 average, total industrial production for April was 5.2 percent above its year-earlier level. The rate of capacity utilization for total industry moved up to 79.2 percent, a rate 3.1 percentage points above its level from a year earlier but 1.1 percentage points below its long-run (1972-2011) average.
May 11, 2012
G17: Updated Source and Description Tables AvailableWe have updated the list of industrial production, capacity, capacity utilization, and gross value series that are available to the public.
The tables on the "About" page of the Federal Reserve's website for Industrial Production and Capacity Utilization that show the detailed source and structure information have been revised to indicate unpublished series that are available to the public upon request. These series are not published in the G.17 release or as part of the data download program because they do not meet our publication standards. The tables also indicate which detailed series will remain unavailable for contractual reasons with data vendors. Aggregate IP series, capacity and capacity utilization series, and gross-value-weighted series not listed in these tables are also available upon request.
April 17, 2012
G17: G.17 Data for March 2012 are now availableIndustrial production and capacity utilization data for March 2012 are now available.
Industrial production was unchanged in March for a second month but rose at an annual rate of 5.4 percent in the first quarter of 2012. Manufacturing output declined 0.2 percent in March but jumped 10.4 percent at an annual rate in the first quarter. The gain in manufacturing output in the first quarter was broadly based: Even excluding motor vehicles and parts, which jumped at an annual rate of nearly 40 percent, manufacturing output moved up at an annual rate of 8.3 percent and output for all but a few major industries increased 5 percent or more. In March, production at mines rose 0.2 percent and the output of utilities gained 1.5 percent. For the quarter, however, the output of utilities dropped at an annual rate of 13.8 percent, largely as a result of unseasonably warm temperatures over the past several months, while the output of mining fell 5.4 percent. At 96.6 percent of its 2007 average, total industrial production for March was 3.8 percent above its year-earlier level. The rate of capacity utilization for total industry edged down to 78.6 percent, a rate 2.1 percentage points above its level from a year earlier but 1.7 percentage points below its long-run (1972--2011) average.
April 12, 2012
CP: Revisions to Commercial Paper OutstandingMarch 30, 2012
G17: G.17 Annual RevisionThe Federal Reserve Board issued its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization. Data for the new series are available on the Board's public website and the Data Download Program.
The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. Measured from fourth quarter to fourth quarter, total IP is now reported to have dropped 0.3 percentage point more in 2009; its gains in both 2010 and 2011 were essentially unchanged from what was previously reported. With these minor revisions, the broad contour of total IP in recent years is similar to previous estimates. Since the trough of the last recession in June 2009, total IP has reversed about three-fourths of its peak-to-trough decline.
Capacity utilization rates for recent years were revised down. The revisions show that the rate of capacity utilization for total industry was 0.7 percentage point lower than previously estimated in the fourth quarter of 2010 and 0.4 percentage point lower in 2011, primarily as a result of small upward revisions to estimates of industrial capacity. The capacity utilization rate for the fourth quarter of 2008 was revised down 0.3 percentage point, and the rate in the final quarter of 2009 was revised down about 0.8 percentage point.
March 30, 2012
G17: Seasonal Factors for auto and truck production have been reestimatedSeasonal factors for auto and truck production have been reestimated using final production data through February 2012 and manufacturers' assembly plans through June 2012; they also reflect the holiday schedule in place from the new domestic autoworkers' agreement signed in the 3rd quarter of 2011. Factors have been revised back to June 2007 and extended through December 2012.
March 16, 2012
G17: G.17 Data for February 2012 are now availableIndustrial production and capacity utilization data for February 2012 are now available.
Industrial production was unchanged in February after having risen 0.4 percent in January. Previously, industrial production was reported to have been unchanged in January. Manufacturing output moved up 0.3 percent in February. Within manufacturing, the index for motor vehicles and parts fell 1.1 percent after jumping 8.6 percent in January, but the index for manufacturing excluding motor vehicles and parts increased 0.4 percent in February. Production at mines fell 1.2 percent, while the output of utilities was unchanged. At 96.2 percent of its 2007 average, total industrial production for February was 4.0 percent above its year-earlier level. Capacity utilization for total industry edged down to 78.7 percent, a rate 1.2 percentage points above its level from a year earlier but 1.6 percentage points below its long-run (1972-2011) average.
March 16, 2012
G17: G.17 Annual RevisionThe Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity utilization at noon EDT on March 30, 2012.
March 09, 2012
H41: DDP data now availableMarch 08, 2012
H41: DDP data delayMarch 08, 2012
Z1: Next Z.1 Release date is Thursday June 7, 2012; at 12:00 noonSeveral series identifiers for data in the Flow of Funds accounts will change to make the coding more consistent across instrument categories. In addition, some new series have been added while others have been discontinued. A list of these code changes, effective with the release on March 8, 2012, is available online at: http://www.federalreserve.gov/Releases/Z1/preview/Code_changes
February 15, 2012
G17: G.17 Data for January 2012 are now availableIndustrial production and capacity utilization data for January 2012 are now available.
Industrial production was unchanged in January, as a gain of 0.7 percent in manufacturing was offset by declines in mining and utilities. Within manufacturing, the index for motor vehicles and parts jumped 6.8 percent and the index for other manufacturing industries increased 0.3 percent. The output of utilities fell 2.5 percent, as demand for heating was held down by temperatures that moved further above seasonal norms; the output of mines declined 1.8 percent. Total industrial production is now reported to have advanced 1.0 percent in December; the initial estimate had been an increase of 0.4 percent. This large upward revision reflected higher output for many manufacturing and mining industries. At 95.9 percent of its 2007 average, total industrial production in January was 3.4 percent above its level of a year earlier. The capacity utilization rate for total industry decreased to 78.5 percent, a rate 1.8 percentage points below its long-run (1972--2011) average.
January 26, 2012
H41: Revaluation of the net portfolio holdings of Maiden Lane LLCs and the TALF fair value adjustmentJanuary 19, 2012
H6: Money Stock RevisionsThe benchmark incorporates minor revisions to data reported in the weekly and quarterly deposit reports, and it takes account of deposit data from Call Reports for banks and thrift institutions that are not weekly or quarterly deposit reporters. These revisions to deposit data start in 2002. In addition, this release incorporates data from Call Reports on the amount of small-denomination time deposits held in individual retirement accounts (IRAs) and Keogh accounts; related revisions to deposit data start in 2006. The benchmark also incorporates revisions to IRA and Keogh balances held at retail and institutional money market mutual funds; these revisions to data on money market mutual funds begin in 1996. This release also incorporates the receipt of historical information from other sources of data.
Seasonally adjusted measures of the monetary aggregates and components incorporate revised seasonal factors, which were derived from data through December 2011. Monthly seasonal factors were estimated using the X-12-ARIMA procedure. The effects of both the new benchmark and the revisions to seasonal factors on the growth rates of M1 and M2 are outlined in appendix tables 6 and 7.
Historical data, updated each week, are available with the H.6 statistical release at www.federalreserve.gov/releases.
January 18, 2012
G17: G.17 Data for December 2011 are now availableIndustrial production and capacity utilization data for December 2011 are now available.
Industrial production increased 0.4 percent in December after having fallen 0.3 percent in November. For the fourth quarter as a whole, industrial production rose at an annual rate of 3.1 percent, its 10th consecutive quarterly gain. In the manufacturing sector, output advanced 0.9 percent in December with similarly sized gains for both durables and nondurables. The output of utilities fell 2.7 percent, as unseasonably warm weather reduced the demand for heating; the output of mines moved up 0.3 percent. At 95.3 percent of its 2007 average, total industrial production in December was 2.9 percent above its level of a year earlier. The capacity utilization rate for total industry rose to 78.1 percent, a rate 2.3 percentage points below its long-run (1972--2010) average.
January 18, 2012
G17: G.17 Annual RevisionThe Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity utilization on March 30, 2012.
December 30, 2011
G19: Table style refresh now available for Consumer Credit--G.19 (no data changes)December 15, 2011
G17: G.17 Data for November 2011 are now availableIndustrial production and capacity utilization data for November 2011 are now available.
Industrial production decreased 0.2 percent in November after having advanced 0.7 percent in October. Factory output moved down 0.4 percent in November; excluding a drop of 3.4 percent in the output of motor vehicles and parts, manufacturing production declined 0.2 percent. Mining production edged up 0.1 percent, while the output of utilities rose 0.2 percent. At 94.8 percent of its 2007 average, total industrial production for November was 3.7 percent above its year-earlier level. Capacity utilization for total industry decreased to 77.8 percent, a rate 2.0 percentage points above its level from a year earlier but 2.6 percentage points below its long-run (1972--2010) average.
December 14, 2011
FOR: Correction to the household debt service and financial obligations ratios (FOR) data download program (DDP), released December 13, 2011Wednesday, December 14, 2011
The data for the household debt service and financial obligations ratios (FOR) in the data download program (DDP), released December 13, 2011, did not include data through the third quarter. Updated data for are now available: http://www.federalreserve.gov/datadownload/Choose.aspx?rel=FOR. This correction notice pertains only to the data provided by the DDP.
December 12, 2011
G17: Seasonal Factors for auto and truck production have been reestimatedSeasonal factors for auto and truck production have been reestimated using final production data through October 2011 and manufacturers' assembly plans through March 2012; they also reflect the holiday schedule in place from the new domestic autoworkers' agreement signed in the 3rd quarter of 2011. Factors have been revised back to June 2011 and extended through September 2012.
December 08, 2011
Z1: Next Z.1 Release date is Thursday March 8, 2012; at 12:00 noonSeveral series identifiers for data in the Flow of Funds accounts will change to make the coding more consistent across instrument categories. In addition, some new series have been added while others have been discontinued. A list of these code changes, effective with the release on December 8, 2011, is available online at: http://www.federalreserve.gov/Releases/Z1/preview/Code_changes
December 01, 2011
Z1: Upcoming changes to Z.1 series identifiersSeveral series identifiers for data in the Flow of Funds accounts will change to make the coding more consistent across instrument categories. In addition, some new series have been added while others have been discontinued. A list of these code changes, effective with the release on December 8, 2011, is available online at: http://www.federalreserve.gov/Releases/Z1/preview/Code_changes
November 16, 2011
G17: G.17 Annual RevisionThe Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity utilization in late March 2012.
November 16, 2011
G17: G.17 Data for October 2011 are now availableIndustrial production and capacity utilization data for October 2011 are now available.
Industrial production expanded 0.7 percent in October after having declined 0.1 percent in September. Previously, industrial production was reported to have gained 0.2 percent in September; most of this revision resulted from lower estimated output for mining. Factory output increased 0.5 percent in October after having risen 0.3 percent in September. Production at mines climbed 2.3 percent in October, while the output of utilities edged down 0.1 percent. At 94.7 percent of its 2007 average, total industrial production for October was 3.9 percent above its year-earlier level. Capacity utilization for total industry stepped up to 77.8 percent, a rate 2.1 percentage points above its level from a year earlier but 2.6 percentage points below its long-run (1972-2010) average.
October 27, 2011
H6: Money Stock Measure data are now available from the interactive Data Download Program4:30 P.M. EDT
October 27, 2011
Data from the Federal Reserve Board's H.6 statistical release, "Money Stock Measures,"
are now available through the Data Download Program (DDP). The DDP provides interactive access to Federal Reserve statistical data in a variety of formats, including XML, and is available at http://www.federalreserve.gov/datadownload/.
The H.6 statistical release is typically published on Thursday, generally at 4:30 p.m. ET.
Data from the release will be available from the DDP generally 15 to 30 minutes thereafter.
October 27, 2011
H3: Annual Review of Break and Seasonal Factors for Reserves and the Monetary Base4:30 P.M. EDT
October 27, 2011
SPECIAL NOTICE
Data on reserves and the monetary base have been revised to reflect the result
of annual reviews of seasonal factors and break factors. Revisions to seasonal
factors start in January 1999, while revisions to break factors begin in January
2010. Break factors remove discontinuities (or "breaks") associated with regulatory
changes in reserve requirements, such as the annual indexations of the low-reserve
tranche and the reserve requirement exemption.1 The maximum revision to total
reserves, nonborrowed reserves, required reserves, and the monetary base in any
maintenance period was $2.0 billion; most revisions were less than $700 million.
A more detailed description of the methods for constructing break factors and
seasonal factors is available under "Annual review of break and seasonal factors"
on the Federal Reserve's website (http://www.federalreserve.gov/releases/h3/hist/).
Historical data, updated each week, are available there as well.
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1. The Monetary Control Act of 1980 established a reserve ratio of 3 percent
against the first $25 million in net transaction deposits (low-reserve tranche) at
each depository institution. Since 1982, the low-reserve tranche has been indexed
each January by 80 percent of the previous year's (June 30 to June 30) growth rate
of net transaction deposits at all depository institutions. For all reserve
maintenance periods ending in 2011, the low-reserve tranche is $58.8 million,
rising to $71.0 million for maintenance periods ending in 2012.
Under the Garn-St Germain Depository Institutions Act of 1982, the first $2
million of reservable liabilities of each depository institution was exempted from
reserve requirements. Since 1983, this exemption amount has been indexed each year
by 80 percent of the rate of increase of the reservable liabilities at all
depository institutions over the preceding year (June 30 to June 30). For all
reserve maintenance periods ending in 2011, the reserve requirement exemption is
$10.7 million, rising to $11.5 million for maintenance periods ending in 2012.
October 27, 2011
H41: Revaluation of the net portfolio holdings of Maiden Lane LLCs and the TALF fair value adjustment4:30 P.M. EDT
October 27, 2011
The weekly average values, shown in table 1, reflect the September 30, 2011,
quarterly updates to the fair values of the net portfolio holdings of Maiden Lane
LLC, Maiden Lane II LLC, and Maiden Lane III LLC, and the fair value adjustment of
the Term Asset-Backed Securities Loan Facility, or TALF, which is included in "Other
Federal Reserve assets." The amounts for the first six days of this reporting week
are based on the values as of June 30, 2011, and the amounts for the last day of the
reporting week are based on the values as of September 30, 2011.
October 17, 2011
G17: G.17 Data for September 2011 are now availableIndustrial production and capacity utilization data for September 2011 are now available.
Industrial production increased 0.2 percent in September after having been unchanged in August. Previously, industrial production was reported to have stepped up 0.2 percent in August. For the third quarter as a whole, industrial production rose at an annual rate of 5.1 percent. Manufacturing output moved up 0.4 percent in September after having gained 0.3 percent in August. Production at mines advanced 0.8 percent in September, while the output of utilities decreased 1.8 percent. At 94.2 percent of its 2007 average, total industrial production for September was 3.2 percent above its year-earlier level. Capacity utilization for total industry edged up to 77.4 percent, a rate 1.7 percentage points above its level from a year earlier but 3.0 percentage points below its long-run (1972-2010) average.
October 04, 2011
H10: Correction to H.10 and G.5 released October 3, 2011October 4, 2011
Correction to H.10 and G.5 released October 3, 2011
The data for the H.10 exchange rates did not include data for September 28. Subsequently, the calculation of the G.5 rates were affected because of the missing data. Updated data for H.10 and G.5 are now available.
http://www.federalreserve.gov/releases/h10/current/
http://www.federalreserve.gov/releases/g5/current/
September 28, 2011
Z1: Flow of Funds data correctedSeptember 28, 2011
H8: Corrections to historical dataSeptember 20, 2011
H10: Correction to H.10 Real Monthly Indexes released September 1, 2011The H.10 Real Monthly Indexes published on September 1 did not include the August 2011 data. Updated data for August Real Monthly Indexes are now available. http://www.federalreserve.gov/releases/h10/summary/default.htm
September 16, 2011
Z1: Next Z.1 Release date is Thursday December 8, 2011; at 12:00 noonThe web-based guide to the Flow of Funds Accounts has been expanded to include two new features. The "Release Highlights" page lists major data revisions and other changes to the accounts in a searchable format for all Z.1 releases beginning with 2004:Q1. The "Code Changes" page lists changes to flow of funds mnemonics in a sortable and searchable format beginning with 2009:Q4. The guide is located at: http://www.federalreserve.gov/apps/fof
September 15, 2011
G17: G.17 Data for August 2011 are now availableIndustrial production and capacity utilization data for August 2011 are now available.
Industrial production increased 0.2 percent in August after having advanced 0.9 percent in July. Manufacturing rose 0.5 percent in August, after a similarly sized gain in July, and the rates of change were revised down slightly in April, May, and June. In August, the output of mines moved up 1.2 percent. The output of utilities decreased 3.0 percent, as temperatures moderated somewhat from the previous month. At 94.0 percent of its 2007 average, total industrial production for August was 3.4 percent above its year-earlier level. Capacity utilization for total industry edged up to 77.4 percent, a rate 1.9 percentage points above its level from a year earlier but 3.0 percentage points below its long-run (1972-2010) average.
August 26, 2011
H41: Correction to the Data Download Program data for Factors Affecting Reserve Balances (H.4.1)August 26, 2011
The data for the Board's H.4.1 statistical release published in the Data Download Program (DDP) on August 25 included incorrect data observations. These data were originally published in the afternoon on August 25, and then removed once the error was identified. We recommend that all DDP users replace the data downloaded yesterday with the corrected data published today, August 26. NOTE: This correction notice pertains only to the H.4.1 data provided by the DDP; there were no errors in the data published on the official H.4.1 statistical release and accompanying historical tables published on August 25.
August 18, 2011
H41: Correction to the average amount of marketable securities held in custody for foreign official and international accountsAugust 18, 2011
The Board's H.4.1 statistical release ("Factors Affecting Reserve Balances of
Depository Institutions and Condition Statement of Federal Reserve Banks") for
August 17, 2011, released today, understated the average amount of marketable
securities held in custody for foreign official and international accounts.
As a result, corrections to table 1A have been made. In table 1A, the weekly
average value of the "Marketable securities held in custody for foreign
official and international accounts" for the week ended Wednesday, August 17,
2011, was corrected from $2,981,694 million to $3,478,623 million. The weekly
average value of "U.S. Treasury securities" held in custody for the week ended
Wednesday, August 17, 2011, was corrected from $2,352,395 million to
$2,744,281 million, and the weekly average value of "Federal agency
securities" held in custody for the week ended Wednesday, August 17, 2011, was
corrected from $629,299 million to $734,343 million.
August 16, 2011
H10: Updated weight tables went into effect on Monday August 15, 2011August 16, 2011
G17: G.17 Publication Dates for 2012August 16, 2011
G17: G.17 Data for July 2011 are now availableIndustrial production and capacity utilization data for July 2011 are now available.
Industrial production advanced 0.9 percent in July. Although the index was revised down in April, primarily as a result of a downward revision to the output of utilities, stronger manufacturing output led to upward revisions to production in both May and June. Manufacturing output rose 0.6 percent in July, as the index for motor vehicles and parts jumped 5.2 percent and production elsewhere moved up 0.3 percent. The output of mines advanced 1.1 percent, and the output of utilities increased 2.8 percent, as the extreme heat during the month boosted air conditioning usage. At 94.2 percent of its 2007 average, total industrial production for July was 3.7 percentage points above its year-earlier level. The capacity utilization rate for total industry climbed to 77.5 percent, a rate 2.2 percentage points above the rate from a year earlier but 2.9 percentage points below its long-run (1972--2010) average.
August 11, 2011
CP: Revisions to Commercial Paper OutstandingJuly 28, 2011
H41: Revaluation of the net portfolio holdings of Maiden Lane LLCs and the TALF fair value adjustment4:30 P.M. EDT
July 28, 2011
The weekly average values, shown in table 1, reflect the June 30, 2011, quarterly updates to the fair values of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC, and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF, which is included in "Other Federal Reserve assets." The amounts for the first six days of this reporting week are based on the values as of March 31, 2011, and the amounts for the last day of the reporting week are based on the values as of June 30, 2011.
July 20, 2011
CP: Correction to 7-day AA Financial Commercial Paper Rate for July 19July 15, 2011
G17: G.17 Data for June 2011 are now availableIndustrial production and capacity utilization data for June 2011 are now available.
Industrial production increased 0.2 percent in June after having edged down 0.1 percent in May. For the second quarter as a whole, total industrial production increased at an annual rate of 0.8 percent. Manufacturing output was unchanged in June. In the second quarter, supply chain disruptions following the earthquake in Japan curtailed the production of motor vehicles and parts and restrained output in related industries; the production index for overall manufacturing was little changed for the quarter. The output of mines rose 0.5 percent in June, while the output of utilities climbed 0.9 percent. At 93.1 percent of its 2007 average, total industrial production in June was 3.4 percent above its year-earlier level. The capacity utilization rate for total industry remained unchanged at 76.7 percent in June, a rate 2.2 percentage points above the rate from a year earlier but 3.7 percentage points below its average from 1972 to 2010.
June 30, 2011
H41: Correction to the average amount outstanding of securities lent under the Term Securities Lending Facility for the week ending September 24, 2008June 30, 2011
The Board's H.4.1 statistical release ("Factors Affecting Reserve Balances of
Depository Institutions and Condition Statement of Federal Reserve Banks") for
September 25, 2008, overstated the average amount outstanding of securities
lent under the Term Securities Lending Facility (TSLF). On September 18,
2008, a set of securities lent under the TSLF was returned to the Federal
Reserve, but the return of these securities was not reflected in the reported
value for the TSLF until September 24, 2008. As a result, corrections to
table 1A, Memorandum Items, have been made to reflect the earlier return of
these securities on September 18, 2008. Under the TSLF, the Federal Reserve
maintained ownership of securities lent, and the lending of securities did not
directly affect the Federal Reserve's assets and liabilities.
In table 1A, the weekly average value of the "Term facility" for the week
ended Wednesday, September 24, 2008, was corrected from $185,636 million to
$174,045 million. Also in table 1A, the weekly average value of "Securities
lent to dealers" for the week ended Wednesday, September 24, 2008, was
corrected from $204,948 million to $193,357 million.
June 15, 2011
G17: Seasonal Factors for auto and truck production have been reestimatedSeasonal factors for auto and truck production have been reestimated using final production data through April 2011 and manufacturers' assembly plans through September 2011. Factors have been revised back to December 2010 and extended through December 2011.
June 15, 2011
G17: G.17 Data for May 2011 are now availableIndustrial production and capacity utilization data for May 2011 are now available.
Industrial production edged up 0.1 percent in May, the second consecutive month with little or no gain. Revisions to total industrial production in months before May were small. In May, manufacturing production rose 0.4 percent after having fallen 0.5 percent in April. The output of motor vehicles and parts has been held down in the past two months because of supply chain disruptions following the earthquake in Japan. Excluding motor vehicles and parts, manufacturing output advanced 0.6 percent in May and edged down 0.1 percent in April; the decrease in April in part reflected production lost because of tornadoes in the South at the end of the month. Outside of manufacturing, the output of mines increased 0.5 percent in May, while the output of utilities fell 2.8 percent. At 93.0 percent of its 2007 average, total industrial production in May was 3.4 percent above its year-earlier level. Capacity utilization for total industry was flat at 76.7 percent, a rate 3.7 percentage points below its average from 1972 to 2010.
June 14, 2011
CP: Additional Information on Commercial Paper Tier Level OutstandingJune 09, 2011
Z1: Next Z.1 Release date is Friday September 16, 2011; at 12:00 noonThe hard-copy Guide to the Flow of Funds Accounts published in 2000 is no longer available for purchase. The URL of the new guide is: http://www.federalreserve.gov/apps/fof
June 06, 2011
Z1: Next Z.1 Release date is Thursday June 9, 2011; at 12:00 noonThe hard-copy Guide to the Flow of Funds Accounts published in 2000 is no longer available for purchase. The URL of the new guide is: http://www.federalreserve.gov/apps/fof
May 26, 2011
H41: Correction to the amount of loans outstanding under the Term Asset-Backed Securities Loan Facility as of May 11, 2011For release on
May 26, 2011
The Board's H.4.1 statistical release ("Factors Affecting Reserve Balances of Depository
Institutions and Condition Statement of Federal Reserve Banks") for May 12, 2011, understated the amount of loans outstanding under the Term Asset-Backed Securities Loan Facility and other liabilities by $22.5 million due to the recording of a loan payment one day early. As a result, corrections to tables 1, 2, 8, and 9 have been made.
In table 1, the amount of loans outstanding under the "Term Asset-Backed Securities Loan Facility" on Wednesday, May 11, 2011, was corrected from $15,308 million to $15,330 million, and the related weekly average value was corrected from $15,703 million to $15,706 million. Also in table 1, the amount of "Other liabilities and capital" on Wednesday, May 11, 2011, was corrected from $72,735 million to $72,758 million, and the related weekly average value was corrected from $73,931 million to $73,934 million.
In table 2, the amount of "Loans" with remaining maturities of "Over 1 year to 5 years" was corrected from $15,293 million to $15,316 million and the amount of "Loans" in the "All" maturity category was corrected from $15,330 million to $15,353 million.
In tables 8 and 9, the total amount of "Loans" was corrected from $15,330 million to $15,353 million. In table 8, the amount of "Other liabilities and accrued dividends" was corrected from $20,171 million to $20,194 million. In table 9, the total amount of "Other liabilities and accrued dividends" was corrected from $19,007 million to $19,029 million. In table 9, the corrections also affected the "New York" amounts for "Loans," which revised from $15,308 million to $15,330 million, and "Other liabilities and accrued dividends," which revised from $14,825 million to $14,847 million.
May 26, 2011
H3: Revision to the amount of loans outstanding under the Term Asset-Backed Securities Loan Facility for the two weeks ending May 18, 2011For release on
May 26, 2011
The Board's H.3 statistical release ("Aggregate Reserves of Depository Institutions and
the Monetary Base") for May 26, 2011, includes a revision to the amount of loans
outstanding under the Term Asset-Backed Securities Loan Facility for the two weeks
ending May 18, 2011. For more information on the revision, please see the cover note
attached to the corrected H.4.1 release dated May 12, 2011.
May 17, 2011
G17: G.17 Data for April 2011 are now availableIndustrial production and capacity utilization data for April 2011 are now available.
Industrial production was unchanged in April after having increased 0.7 percent in March. Output in February is now estimated to have declined 0.3 percent; previously it was reported to have edged up 0.1 percent. In April, manufacturing production fell 0.4 percent after rising for nine consecutive months. Total motor vehicle assemblies dropped from an annual rate of 9.0 million units in March to 7.9 million units in April, mainly because of parts shortages that resulted from the earthquake in Japan. Excluding motor vehicles and parts, factory production rose 0.2 percent in April. The output of mines advanced 0.8 percent, while the output of utilities increased 1.7 percent. At 93.1 percent of its 2007 average, total industrial production was 5.0 percent above its year-earlier level. The rate of capacity utilization for total industry edged down 0.1 percentage point to 76.9 percent, a rate 3.5 percentage points below its average from 1972 to 2010.
May 10, 2011
SLOOS: Senior Loan Officer Survey on Bank Lending Practices data are now available from the Data Download ProgramApril 28, 2011
H41: Revaluation of the net portfolio holdings of Maiden Lane LLCs and the TALF fair value adjustment4:30 P.M. EDT
April 28, 2011
The weekly average values, shown in table 1, reflect the March 31, 2011, quarterly updates to the fair values of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC, and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF, which is included in "Other Federal Reserve assets." The amounts for the first six days of this reporting week are based on the values as of December 31, 2010, and the amounts for the last day of the reporting week are based on the values as of March 31, 2011.
April 15, 2011
G17: G.17 Data for March 2011 are now availableIndustrial production and capacity utilization data for March 2011 are now available.
Industrial production increased 0.8 percent in March and rose at an annual rate of 6.0 percent for the first quarter as a whole. Manufacturing output advanced 0.7 percent in March, its fourth consecutive month of strong expansion; factory production climbed at an annual rate of 9.1 percent in the first quarter. Outside of manufacturing, the output of mines rose 0.6 percent in March, while the output of utilities increased 1.7 percent after declining significantly in the preceding two months. At 93.6 percent of its 2007 average, total industrial production was 5.9 percent above its year-earlier level. The rate of capacity utilization for total industry rose 0.5 percentage point to 77.4 percent, a rate 3.0 percentage points below its average from 1972 to 2010.
April 14, 2011
H41: Correction to the maturity distribution of other loans in table 2 for March 30, 2011April 14, 2011
The Board's H.4.1 statistical release ("Factors Affecting Reserve Balances of Depository
Institutions and Condition Statement of Federal Reserve Banks") for March 31, 2011
contained a misclassification in table 2, which has been corrected. The amount of other
loans with remaining maturities of 91 days to 1 year was corrected from $0 million to $5
million, and the amount of other loans with remaining maturities over 1 year to 5 years
was corrected from $19,221 million to $19,216 million.
April 07, 2011
H10: Updated weight tables will go into effect on Monday April 18, 2011April 07, 2011
G19: No data published for new car loans at auto finance companiesMarch 25, 2011
G17: G.17 Annual RevisionThe Federal Reserve Board issued its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization. Data for the new series are available on the Board's public website and the Data Download Program.
March 17, 2011
G17: G.17 Annual RevisionThe Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on March 25, 2011, at 12:00 noon EDT..
March 17, 2011
G17: G.17 Data for February 2011 are now availableIndustrial production and capacity utilization data for February 2011 are now available.
Industrial production declined 0.1 percent in February after having risen 0.3 percent in January; output in January was previously estimated to have edged down 0.1 percent. Manufacturing output increased 0.4 percent in February, and the gain in January was revised up to 0.9 percent. Outside of manufacturing, the output of mines rose 0.8 percent in February, which more than reversed its decline in January. However, the output of utilities fell 4.5 percent--the drop reflected unseasonably warm weather in February, which reduced the demand for heating after two months of unseasonably cold temperatures. At 95.5 percent of its 2007 average, total industrial production was 5.6 percent above its year-earlier level. The capacity utilization rate for total industry edged down 0.1 percentage point to 76.3 percent, a rate 4.2 percentage points below its average from 1972 to 2010.
March 14, 2011
H15: Correction to the 10-year Treasury constant maturities rate for March 10, 2011February 16, 2011
G17: G.17 Annual RevisionThe Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on March 25, 2011.
February 16, 2011
G17: G.17 Data for January 2011 are now availableIndustrial production and capacity utilization data for January 2011 are now available.
Industrial production decreased 0.1 percent in January 2011 after having risen 1.2 percent in December. In the manufacturing sector, output increased 0.3 percent in January after an upwardly revised gain of 0.9 percent in December. Excluding motor vehicles and parts, factory production rose 0.1 percent in January. The output of utilities fell 1.6 percent in January, as temperatures moved closer to normal after unseasonably cold weather boosted the demand for heating in December; the output of utilities advanced 4.1 percent in that month. In January, the output of mines declined 0.7 percent. At 95.1 percent of its 2007 average, total industrial production in January was 5.2 percent above its level of a year earlier. The capacity utilization rate for total industry edged down to 76.1 percent, a rate 4.4 percentage points below its average from 1972 to 2010.
February 11, 2011
Z1: Next Z.1 Release DateThe next Z.1 Release date is Thursday March 10, 2011; at 12:00 noon.
Beginning with the March 10, 2011 release of the Flow of Funds accounts, there have been changes to several table layouts and series identifiers. Further information on the changes to the series codes and new table structures are available online at http://www.federalreserve.gov/Releases/Z1/preview/Code_changes
Data for the compressed quarterly files of the Flow of Funds Z.1 statistical release will be in millions of dollars.
February 03, 2011
H41: Revaluation of the net portfolio holdings of Maiden Lane LLCs and the TALF fair value adjustment4:30 P.M. EST
February 3, 2011
The weekly average values, shown in table 1, reflect the December 31, 2010, quarterly updates to the fair values of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC, and the fair value adjustment of the Term Asset-Backed Securities Loan Facility, or TALF, which is included in "Other Federal Reserve assets." The amounts for the first six days of this reporting week are based on the values as of September 30, 2010, and the amounts for the last day of the reporting week are based on the values as of December 31, 2010.
January 27, 2011
H3: Closing of the American International Group, Inc. (AIG) Capitalization Plan4:30 p.m. EST
January 27, 2011
The Board's H.3 statistical release, "Aggregate Reserves of Depository
Institutions and the Monetary Base," reflects the closing of the American
International Group, Inc. (AIG), recapitalization plan, which occurred on
January 14, 2011. The recapitalization plan was designed to restructure and
facilitate repayment of the financial support provided to AIG by the U.S.
Department of the Treasury and the Federal Reserve. Upon closing of the
recapitalization plan, the credit extended to AIG by the Federal Reserve Bank
of New York under the revolving credit facility (AIG loan), including accrued
interest and fees, was repaid in full. The AIG loan is reported in the "Credit
extended to American International Group, Inc., net" category of total and
other borrowings from the Federal Reserve, which is shown in table 1a of the
H.3 statistical release.
The average value of "Credit extended to American International Group, Inc.,
net" for the two-week period ending January 26, 2011, reflects the closing of
the AIG recapitalization plan. The average value for the two-week period
ending January 26, 2011, is greater than zero because the AIG loan was repaid
in full on January 14, the second day of this two-week period. Table 1a will
continue to show historical values for "Credit extended to American
International Group, Inc., net" to provide a complete disaggregation of total
and other borrowings from the Federal Reserve for past periods.
January 27, 2011
CP: Revisions to Commercial Paper OutstandingJanuary 20, 2011
H41: Closing of the American International Group, Inc. (AIG) recapitalization planFor release at
4:30 P.M. Eastern Time
January 20, 2011
The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," reflects the closing of the American International Group, Inc. (AIG) recapitalization plan, which occurred on January 14, 2011. The recapitalization plan was designed to restructure and facilitate repayment of the financial support provided to AIG by the U.S. Department of the Treasury (Treasury) and the Federal Reserve. Upon closing of the recapitalization plan, the cash proceeds from certain asset dispositions, specifically the initial public offering of AIA Group Limited (AIA) and the sale of American Life Insurance Company (ALICO), were used first to repay in full the credit extended to AIG by the FRBNY under the revolving credit facility (AIG loan), including accrued interest and fees, and then to redeem a portion of the FRBNY's preferred interests in ALICO Holdings LLC taken earlier by the FRBNY in satisfaction of a portion of the AIG loan. The remaining FRBNY preferred interests in ALICO Holdings LLC and AIA Aurora LLC, valued at approximately $20 billion, were purchased by AIG through a draw on the Treasury's Series F preferred stock commitment and then transferred by AIG to the Treasury as consideration for the draw on the available Series F funds.
The weekly average values shown in table 1 reflect, as of January 14, 2011, the repayment by AIG of the "Credit extended to American International Group, Inc., net" and the "Preferred interests in AIA Aurora LLC and ALICO Holdings LLC," and the distribution of the "Funds from American International Group, Inc. asset dispositions, held as agent."
The H.4.1 statistical release continues to show average amounts for "Credit extended to American International Group, Inc., net," "Preferred interests in AIA Aurora LLC and ALICO Holdings LLC," and "Funds from American International Group, Inc. asset dispositions, held as agent," even though all funding commitments to AIG have been terminated, to provide a complete disaggregation of changes in assets and liabilities from the corresponding week one year ago.
January 14, 2011
G17: G.17 Data for December 2010 are now availableIndustrial production and capacity utilization data for December 2010 are now available.
Industrial production increased 0.8 percent in December after having risen 0.3 percent in November. The rate of change for industrial production was revised down in November but revised up in September and October; the net effect of the revisions from July to November left the level of industrial production in November slightly higher than was previously reported. For the fourth quarter as a whole, industrial production increased at an annual rate of 2.4 percent, a slower pace than in the earlier quarters of the year. In the manufacturing sector, output moved up 0.4 percent in December with gains in both durables and nondurables. Excluding motor vehicles and parts, factory output increased 0.5 percent. The output of mines advanced 0.4 percent; the output of utilities surged 4.3 percent, as unusually cold weather boosted the demand for heating. At 94.9 percent of its 2007 average, total industrial production in December was 5.9 percent above its level of a year earlier. The capacity utilization rate for total industry rose to 76.0 percent, a rate 4.6 percentage points below its average from 1972 to 2009.
January 06, 2011
H41: Change in Presentation of Reserve Bank Remittances to the U.S. TreasuryFor release at
4:30 P.M. Eastern time
January 6, 2011
The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to reflect an accounting policy change that will result in a more transparent presentation of each Federal Reserve Bank's capital accounts and distribution of residual earnings to the U.S. Treasury. Although the accounting policy change does not affect the amount of residual earnings that the Federal Reserve Banks distribute to the U.S. Treasury, it may affect the timing of the distributions. Consistent with long-standing policy of the Board of Governors, the residual earnings of each Federal Reserve Bank, after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in, are distributed weekly to the U.S. Treasury. The distribution of residual earnings to the U.S. Treasury is made in accordance with the Board of Governor's authority to levy an interest charge on the Federal Reserve Banks based on the amount of each Federal Reserve Bank's outstanding Federal Reserve notes.
Effective January 1, 2011, as a result of the accounting policy change, on a daily basis each Federal Reserve Bank will adjust the balance in its surplus account to equate surplus with capital paid-in and, in addition, will adjust its liability for the distribution of residual earnings to the U.S. Treasury. Previously these adjustments were made only at year-end. Adjusting the surplus account balance and the liability for the distribution of residual earnings to the U.S. Treasury is consistent with the existing requirement for daily accrual of many other items that appear in the Board's H.4.1 statistical release. The liability for the distribution of residual earnings to the U.S. Treasury will be reported as "Interest on Federal Reserve notes due to U.S. Treasury" on table 10. Previously, the amount necessary to equate surplus with capital paid-in and the amount of the liability for the distribution of residual earnings to the U.S. Treasury were included in "Other capital accounts" in table 9 and in "Other capital" in table 10.
December 22, 2010
G20: DDP data for Finance Companies are incompleteDecember 15, 2010
G17: G.17 Data for November 2010 are now availableIndustrial production and capacity utilization data for November 2010 are now available.
Industrial production increased 0.4 percent in November after a decline of 0.2 percent in October. The rate of change for industrial production was revised down in October but up in September; the net effect of the revisions from June to October left the level of industrial production in October about the same as was previously reported. In the manufacturing sector, output advanced 0.3 percent in November with gains in both durables and nondurables. The gains among durable goods industries were particularly broad-based; only the production of motor vehicles and parts decreased substantially. Excluding motor vehicles and parts, overall factory output advanced 0.7 percent. The output of mines edged lower, but the output of utilities moved up 1.9 percent as the return of more seasonal temperatures boosted the demand for heating. At 93.9 percent of its 2007 average, total industrial production in November was 5.4 percent above its level a year earlier. The capacity utilization rate for total industry rose to 75.2 percent, a rate 5.4 percentage points below its average from 1972 to 2009.
December 02, 2010
H41: Revaluation of the TALF fair value adjustmentFor release at
4:30 p.m. EST
December 2, 2010
The weekly average values, shown in table 1, reflect the September 30, 2010, quarterly update to the fair value adjustment for the Term Asset-Backed Securities Loan Facility, or TALF, which is included in "Other Federal Reserve assets." The amounts for the first six days of this reporting week are based on values as of June 30, 2010, and the amount for the last day of the reporting week is based on values as of September 30, 2010.
December 02, 2010
DDP: New interactive graphics feature of Data Download Program (DDP)"Graphics play an important role in identifying data trends and relationships," said Federal Reserve Vice Chair Janet L. Yellen. "With the help of this intuitive new user interface, it's now possible to create customized charts directly from Federal Reserve statistical data."
November 18, 2010
H41: Quarterly update to the loan restructuring adjustment for the credit extended to American International Group, Inc.For release at
4:30 p.m. EDT
November 18, 2010
The weekly average values, shown in table 1, reflect the September 30, 2010 quarterly update to the loan restructuring adjustment for the credit extended to American International Group, Inc., which is included in "Credit extended to American International Group, Inc., net." The amounts for the first six days of this reporting week are based on values as of June 30, 2010, and the amounts for the last day of the reporting week are based on values as of September 30, 2010.
November 16, 2010
G17: G.17 Data for October 2010 are now availableIndustrial production and capacity utilization data for October 2010 are now available.
Industrial production was unchanged in October after having fallen 0.2 percent in September. For the manufacturing sector, output gained 0.5 percent in October after having risen 0.1 percent in September. Factory production in September was initially reported to have decreased 0.2 percent, but incoming data on steel, fabricated metal products, machinery, and chemicals helped boost the index. The output of utilities dropped 3.4 percent in October, as unseasonably warm temperatures reduced demand for heating. Production at mines fell 0.1 percent. At 93.4 percent of its 2007 average, total industrial production in October was 5.3 percent above its year-earlier level. The capacity utilization rate for total industry was flat at 74.8 percent, a rate 6.6 percentage points above the low in June 2009 and 5.8 percentage points below its average from 1972 to 2009.
November 16, 2010
G17: G.17 Annual RevisionThe Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on in late March 2011.
November 05, 2010
Z1: Next Z.1 Release DateThe next Z.1 Release date is Thursday December 9, 2010; at 12:00 noon.
Beginning with the December 9, 2010 release of the Flow of Funds accounts, there have been changes to several table layouts and series identifiers. Further information on the changes to the series codes and new table structures are available online at http://www.federalreserve.gov/Releases/Z1/preview/Code_changes
November 04, 2010
H41: Release modification to report the funds held as agent by the Federal Reserve Bank of New York (FRBNY) related to the recapitalization plan announced by American International Group, Inc. (AIG)For release at
4:30 P.M. EDT
November 4, 2010
The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to report the funds held as agent by the Federal Reserve Bank of New York (FRBNY) related to the recapitalization plan announced by American International Group, Inc. (AIG) on September 30, 2010. The recapitalization plan, which is expected to close by the end of the first quarter of 2011, is designed to restructure and facilitate repayment of the financial support provided to AIG by the U.S. Department of the Treasury and the FRBNY. Pending the closing of the recapitalization plan, the cash proceeds from certain AIG asset dispositions will be held by the FRBNY as agent.
At the closing of the recapitalization plan, the cash proceeds from certain asset dispositions, most notably the initial public offering of AIA Group Limited (AIA) and the sale of American Life Insurance Company (ALICO), will be used first to repay in full the credit extended to AIG by the FRBNY under the revolving credit facility (AIG loan) and then to retire a portion of the FRBNY's preferred interests in AIA Aurora LLC and ALICO Holdings LLC (preferred interests) taken earlier by the FRBNY in satisfaction of a portion of the AIG loan. Alternatively, if the recapitalization plan is terminated under the terms of the plan, then the proceeds from the initial public offering of AIA and the sale of ALICO will be used to redeem the preferred interests in accordance with the AIA Aurora LLC and ALICO Holdings LLC limited liability company agreements, and any excess proceeds from these transactions, as well as proceeds from the disposition of other assets, will be used to repay the AIG loan.
The FRBNY began to hold as agent funds from the cash proceeds from the initial public offering of AIA on October 29, 2010, and from the cash proceeds from the sale of ALICO on November 1, 2010.
The funds held by the FRBNY as agent from the disposition of the AIG assets are reported in table 1 and are included in "Other liabilities and accrued dividends" in table 9 and in table 10.
October 28, 2010
H41: Revaluation of the net portfolio holdings of Maiden Lane LLCsFor release at
4:30 P.M. EDT
October 28, 2010
The weekly average values, shown in table 1, reflect the September 30, 2010, quarterly updates to the fair value of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC. The amounts for the first six days of this reporting week are based on the values as of June 30, 2010, and the amounts for the last day of the reporting week are based on the values as of September 30, 2010.
October 21, 2010
H41: Release modification to reflect the recent expansion of the set of counterparties with whom the Federal Reserve might conduct reverse repurchase agreements for the purposes of open market operationsFor Release at
4:30 P.M. Eastern time
October 21, 2010
The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to reflect the recent expansion of the set of counterparties with whom the Federal Reserve might conduct reverse repurchase agreements for the purposes of open market operations. (See http://www.ny.frb.org/markets/rrp_counterparties.html). As a result of this expansion, the line "Dealers" under the heading "Reverse repurchase agreements" will be replaced with "Others" in table 1. Currently, the set of counterparties in the "Others" category is primary dealers and an eligible set of money market funds.
October 18, 2010
G17: G.17 Data for September 2010 are now availableIndustrial production and capacity utilization data for September 2010 are now available.
Industrial production decreased 0.2 percent in September after having increased 0.2 percent in August. The indexes both for manufacturing and for manufacturing excluding motor vehicles and parts also moved down 0.2 percent in September. Production at mines moved up 0.7 percent, while the output of utilities fell 1.9 percent. For the third quarter as a whole, total industrial production rose at an annual rate of 4.8 percent after having advanced about 7 percent in both the first and second quarters of this year. The index for manufacturing decelerated sharply in the third quarter: After having jumped at an annual rate of 9.1 percent in the second quarter, factory output gained 3.6 percent in the third quarter. At 93.2 percent of its 2007 average, total industrial production in September was 5.4 percent above its year-earlier level. The capacity utilization rate for total industry edged down to 74.7 percent, a rate 4.2 percentage points above the rate from a year earlier but 5.9 percentage points below its average from 1972 to 2009.
September 20, 2010
Z1: Next Z.1 Release DateThe next Z.1 Release date is Thursday December 9, 2010; at 12:00 noon.
Many nine-digit flow of funds mnemonics have been changed to make the coding more consistent across instrument categories. A list of these code changes is available online at http://www.federalreserve.gov/Releases/Z1/preview/Code_changes
August 17, 2010
G17: G.17 Publication Dates for 2011August 05, 2010
H41: Quarterly update to the fair value adjustments for the Term Asset-Backed Securities Loan FacilityFor release at
4:30 p.m. EDT
August 5, 2010
The weekly average values, shown in table 1, reflect the June 30, 2010, quarterly update to the fair value adjustments for the Term Asset-Backed Securities Loan Facility (TALF). The TALF fair value adjustments are included in the item "other Federal Reserve assets." The first six days of this reporting week for this item include the TALF fair value adjustments as of March 31, 2010, and the last day of the reporting week includes the TALF fair value adjustments as of June 30, 2010.
July 29, 2010
H41: Revaluation of the net portfolio holdings of Maiden Lane LLCsFor Release at
4:30 P.M. EDT
July 29, 2010
The weekly average values, shown in table 1, reflect the June 30, 2010, quarterly updates to the fair value of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC and the loan restructuring adjustment, which is included in the reported value of the credit extended to American International Group, Inc. The amounts for the first six days of this reporting week are based on the values as of March 31, 2010, and the amounts for the last day of the reporting week are based on the values as of June 30, 2010.
July 22, 2010
H41: Maiden Lane LLC began making distributions to repay its loan extended by the Federal Reserve Bank of New York (FRBNY)For Release at
4:30 P.M. EDT
July 22, 2010
Consistent with the terms of the Maiden Lane LLC (LLC) transaction, on July 15, 2010, the LLC began making distributions to repay its loan extended by the Federal Reserve Bank of New York (FRBNY). These distributions will occur on a monthly basis unless otherwise directed by the Federal Reserve and will follow the order of payments explained in the note to Table 4. These distributions will also result in a corresponding reduction of the net portfolio holdings of the LLC.
June 25, 2010
G17: G.17 Annual RevisionThe Federal Reserve Board issued its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization. Data for the new series are available on the Board's public website and the Data Download Program.
June 24, 2010
H41: Information on the amount of term deposits outstanding is presented on the H.4.1 releaseFor Release at
4:30 P.M. Eastern time
June 24, 2010
The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information on term deposits held by depository institutions. Term deposits are a new tool that the Federal Reserve could use to manage the aggregate quantity of reserve balances held by depository institutions.
On May 28, 2010, the Federal Reserve announced a schedule for three small-value auctions of term deposits to be offered through its Term Deposit Facility (TDF). These auctions are intended to ensure the effective operation of the TDF and to help eligible institutions become familiar with the term deposit program. The first auction was conducted on June 14, 2010, and settlement occurred on June 17, 2010. The small-value TDF auctions are a matter of prudent planning and have no implications for the near-term conduct of monetary policy.
Information on the amount of term deposits outstanding is presented on table 1, table 10, and table 11. The maturity distribution of term deposits is presented in table 2.
June 21, 2010
G17: G.17 Annual RevisionThe Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on June 25, 2010, at 12:00 p.m.
June 15, 2010
H41: Correction to the commitments to buy and sell mortgage-backed securities for June 9, 2010For Release on
June 15, 2010
The Board's H.4.1 statistical release ("Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks") for June 10, 2010 contained an error in table 3, which has been corrected. The amount of commitments to buy mortgage-backed securities was corrected from $49,554 million to $46,924 million, and the amount of commitments to sell mortgage-backed securities was corrected from $13,980 million to $11,350 million.
June 10, 2010
Z1: Quarterly compressed files discontinuedStarting with the June 10, 2010 release, the compressed quarterly files of data for the Flow of Funds Z.1 statistical release have been discontinued. All Flow of Funds data (including those formerly in the compressed quarterly files) are available via the Board's Data Download Program (DDP) at http://www.federalreserve.gov/datadownload/Choose.aspx?rel=Z.1. Users of the compressed quarterly files that have problems using the Flow of Funds DDP data may contact us at 202-452-3482.
June 01, 2010
CHGDEL: Supplementary Information Regarding Banks' Adoption of FAS 166 and 167For more information on FAS 166 and 167, please see the Financial Accounting Standards Board's news release.
May 13, 2010
H41: Re-establishment of temporary U.S. dollar liquidity swap facilitiesFor Release at
4:30 P.M. Eastern time
May 13, 2010
The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to report the maturity distribution of temporary U.S. dollar liquidity swap facilities (central bank liquidity swaps). These facilities were re-established in response to the re-emergence of strains in U.S. dollar short-term funding markets in Europe and are designed to help improve liquidity conditions in U.S. dollar funding markets and to prevent the spread of strains to other markets and financial centers.
The maturity distribution of these swaps is reported again in table 2. The release continues to show the outstanding dollar value of central bank liquidity swaps in tables 1, 10, and 11.
Detailed information about draws on the swap lines by the participating central banks is presented on the Federal Reserve Bank of New York's website: http://www.newyorkfed.org/markets/liquidity_swap.html.
May 10, 2010
H10: Foreign exchange rate data are now available through interactive Data Download ProgramThe Data Download Program allows users to create customized data sets or download pre-formatted packages in multiple formats, including XML. More information about how to use the program is available at http://www.federalreserve.gov/datadownload/help/default.htm.
The H.10 release is typically published on Monday, generally at 4:15 p.m. ET. Data from the release will be available for download in the Data Download Program at the same time. The G.5 is published at the beginning of every month and monthly exchange rates will be updated in the Data Download Program when the release is published.
In addition, the Federal Reserve Board will also publish data from the Foreign Exchange Rates releases via RSS. RSS feeds for daily exchange rate data for the prior week will be published on Monday immediately following the publication of the weekly H.10 statistical release at 4:15 p.m. To subscribe, please visit the RSS feeds page.
April 29, 2010
H41: Revaluation of the net portfolio holdings of Maiden Lane LLCs, AIG loan restructuring adjustment and TALF fair value adjustmentFor release at
4:30 p.m. EDT
April 29, 2010
The weekly average values, shown in table 1, reflect the March 31, 2010, quarterly updates to the fair value of the net portfolio holdings of Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC; the fair value adjustment of the Term Asset-Backed Securities Loan Facility, which is included in other Federal Reserve assets; and the loan restructuring adjustment, which is included in the reported value of the credit extended to American International Group, Inc. The amounts for the first six days of this reporting week are based on the values as of December 31, 2009, and the amounts for the last day of the reporting week are based on the values as of March 31, 2010.
April 09, 2010
H8: Publication of Percent Changes on the H.8 ReleaseThe percent changes have been adjusted to remove the effects of nonbank structure activity of $5 billion or more, as well as the estimated effects of the initial consolidation of certain variable interest entities (FIN 46) and off-balance-sheet vehicles (FAS 166/167). The adjustments are generally made using the figures reported in the H.8 Notes on the Data. A ratio procedure is used to adjust past levels to make them comparable with current levels. For more information on how the H.8 release data are constructed, see About the Release.
April 02, 2010
H41: AIG loan restructuring adjustment and TALF fair value adjustmentThe Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to reflect a revision to the loan restructuring adjustment associated with the revolving credit extended to American International Group, Inc. (AIG). In addition, the release has been modified to incorporate fair value adjustments associated with the Term Asset-Backed Securities Loan Facility (TALF).
Consistent with generally accepted accounting principles (GAAP), the AIG revolving credit extension has been reduced by a revision of $1,255 million to the loan restructuring adjustment. The restructuring adjustment is related to the loan modification that eliminated the floor on the Libor rate, announced on March 2, 2009, and that was first incorporated in reported figures beginning with the July 30, 2009, H.4.1 release. The restructuring adjustment recognizes the economic effect of the reduced interest rate on the revolving credit facility and will be amortized over the remaining term of the credit extension. The revised restructuring adjustment incorporates quarterly updates as of December 31, 2009, of estimates of factors such as interest rates and future cash flow streams that are used to value the original loan restructuring adjustment. The Federal Reserve expects that the credit extension, including interest and commitment fees under the modified terms, will be fully repaid.
The weekly average balance of the credit extended to AIG shown in table 1 reflects holdings from March 25, 2010, through Wednesday, March 31, 2010.* The balance for the first six days of this reporting week reflects the loan restructuring adjustment prior to its revision. The balance for the final day of the reporting week reflects the revised loan restructuring adjustment.
Several items on the release have been modified to include fair value adjustments associated with the TALF. A fair value adjustment to the TALF loans extended by FRBNY is recorded in "Other Federal Reserve assets" in table 1 and "Other assets" in table 10 and in table 11. This fair value adjustment of $557 million reflects the value of the future interest received by FRBNY that is paid to the TALF LLC to provide credit protection. The adjustment is substantially offset by a corresponding increase in the fair value of the liability to the U.S. Treasury related to its beneficial interest in the TALF LLC recorded in "Other liabilities and capital" in table 1 and "Other liabilities" in table 10 and in table 11. The fair value adjustments associated with the TALF will be updated quarterly.
* This cover note was revised to reflect the correct dates of the reporting week. The original cover note listed the dates for the previous reporting week.
March 25, 2010
H15: Discontinuance of rates posted by Commercial Paper Funding Facility (CPFF)March 24, 2010
Z1: Correction to March 11, 2010, Z.1 DDP dataData from the Z.1 Flow of Funds statistical release was re-posted in the Data Download Program (DDP) on March 24, 2010, at 12 p.m. noon to correct data precision. On March 11, 2010 data were reported in billions; the corrected data are reported in millions consistent with previous published data. This correction affects only the DDP data. The published statistical release is not affected.
March 11, 2010
Z1: Next Z.1 Release DateFebruary 17, 2010
G17: Preliminary Estimates of Industrial Capacity for 2010February 11, 2010
H41: Revaluation of the net portfolio holdings of Maiden Lane LLCsFebruary 09, 2010
CP: No Update on February 9, 2010February 09, 2010
H15: No update on February 9, 2010February 08, 2010
H15: No update on February 8, 2010January 15, 2010
H8: Supplementary Information Regarding Banks' Adoption of FAS 166 and 167The effects of banks' adoption of FASB's Financial Accounting Statements No. 166 (FAS 166), Accounting for Transfers of Financial Assets, and No. 167 (FAS 167), Amendments to FASB Interpretation No. 46(R), will be incorporated in the H.8 commercial bank balance sheet data for March 31, 2010 (to be published on April 9, 2010).
For more information on FAS 166 and 167, please see the Financial Accounting Standards Board's news release.
December 21, 2009
CP: No Update on December 21, 2009December 18, 2009
H8: No Update on December 24 and December 25December 10, 2009
Z1: Code changes for current Z.1 release OLD NEW
105013285 105015285
403020003 403020005
403030003 403030005
402050003 402050005
403069103 403069105
403061103 403061105
403061703 403061705
403063003 403063005
403161703 403161705
403164103 403164105
403069215 403069245
403069200 403069230
403069225 403069285
403069255 403069205
403169203 403169283
403191003 403191033
155012603 155012665
675013265 675013263
675013023 675013025
116007181 116007185
315012005 315012065
215012003 215012063
195012005 385012005
December 07, 2009
G19: Revisions to student loan data in the G.19December 03, 2009
H41: Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC4:30 p.m. EDT
December 3, 2009
The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information related to the Federal Reserve Bank of New York's (FRBNY) preferred interests in AIA Aurora LLC and ALICO Holdings LLC. This information is presented in table 1, in a new table 9, "Supplemental Information on the Federal Reserve Bank of New York"s Preferred Interests in AIA Aurora LLC and ALICO Holdings LLC," in table 10, and in table 11.
In conjunction with the restructuring of the government's assistance to American International Group (AIG) announced March 2, 2009, the outstanding balance and amount available of revolving credit provided to AIG by the FRBNY has been reduced in exchange for preferred interests in two special purpose vehicles, AIA Aurora LLC and ALICO Holdings LLC. These two limited liability companies were created to directly or indirectly hold all of the outstanding common stock of American International Assurance Company Ltd. (AIA) and American Life Insurance Company (ALICO), two life insurance subsidiaries of AIG. AIG will retain control of AIA Aurora LLC and ALICO Holdings LLC, and the FRBNY will have certain consent, disposition, and conversion rights with respect to its preferred interests.
The FRBNY's combined preferred interests in AIA Aurora LLC and ALICO Holdings LLC are presented in table 1, in table 10, and in table 11. Supplemental information on the FRBNY's preferred interests in the two LLCs is presented in table 9. This table presents the FRBNY's preferred interests in the two LLCs and the accrued dividends on those preferred interests.
December 02, 2009
G17: G.17 Annual RevisionThe Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization in the second quarter of 2010. The date for the issuance of the revision has been deferred because of a prospective delay in the availability of the 2008 Annual Survey of Manufactures from the U.S. Census Bureau.
November 19, 2009
H41: TALF LLCFor release at
4:30 p.m. EDT
November 19, 2009
The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information related to TALF LLC, a limited liability company formed to purchase and manage any asset-backed securities that might be received by the Federal Reserve Bank of New York (FRBNY) in connection with the Term Asset-Backed Securities Loan Facility (TALF). This information will be presented in a new table 8, "Information on Principal Accounts of TALF LLC." The release has also been modified to include information related to the net portfolio holdings of TALF LLC. This information is presented in table 1, in table 8, in table 9, and in table 10.
On November 25, 2008, the Federal Reserve announced the creation of the TALF under the authority of section 13(3) of the Federal Reserve Act. Under the TALF, the FRBNY extends loans to eligible borrowers to finance the purchase of eligible asset-backed securities (ABS) that serve as the collateral for the loans. The loans provided through the TALF are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY. The loans are extended for the market value of the security less an amount known as a haircut. As a result, the borrower bears the initial risk of a decline in the value of the security. TALF LLC has committed, for a fee, to purchase all ABS received by FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Purchases of these securities are funded first through the fees received by the LLC and any interest the LLC has earned on its investments. In the event that such funding proves insufficient, the U.S. Treasury's Troubled Asset Relief Program (TARP) will provide additional subordinated debt funding to the TALF LLC to finance up to $20 billion of asset purchases. Subsequently, the FRBNY will finance any additional purchases of securities by providing senior debt funding to TALF LLC. Thus, the TARP funds provide credit protection to FRBNY.
The Federal Reserve has completed its evaluation and consistent with generally accepted accounting principles, the assets and liabilities of TALF LLC will be consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on the release. Although the U.S. Treasury provides credit protection to the FRBNY, the FRBNY is the more closely associated beneficiary of the LLC because it directs the significant financial activities of the TALF LLC.
The consequences of this consolidation appear on the release in the following ways. Any extensions of credit from the FRBNY to TALF LLC are eliminated, as is the accrued interest on such loans. The net portfolio holdings of TALF LLC are included in "total factors supplying reserve funds" in table 1 and in "assets" in table 9 and in table 10. The liabilities of TALF LLC to entities other than the FRBNY are included in "other liabilities and capital" in table 1 and in "other liabilities and accrued dividends" in table 9 and in table 10.
Information on the principal accounts of TALF LLC is presented separately in a new table 8. This table presents the net portfolio holdings of TALF LLC, which comprise the fair value of the ABS holdings of TALF LLC and other investments that result from the initial funding provided by the U.S. Treasury, fees paid by the FRBNY, and interest received on investments. In addition, the table presents the book value of the outstanding principal of the loan extended by the FRBNY, the book value of the accrued interest payable to the FRBNY, and the book value of the funding provided by the U.S. Treasury to TALF LLC, which includes the accrued interest payable to the U.S. Treasury.
October 16, 2009
G17: G.17 Annual RevisionThe Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on in late March 2010.
September 18, 2009
Z1: Correction to tables R.100, R.102, and R.103September 17, 2009
Z1: Code changes for current Z.1 releaseOLD NEW
205400003 205420003
315400003 315420003
105400513 105405513
105405513 105405003
136300003 136330005
136300005 136330005
155012315 155012603
165012065 165012665
105012065 105012665
115012065 115012665
115012005 115012065
115012003 115012005
645012203 645012063
175012665 175012865
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175012065 175012665
176300003 156300003
096300003 826300003
156601743 156601745
796330023 796330025
796330063 796330065
115405003 115405005
796300023 796330023
796300063 796330063
September 16, 2009
G17: G.17 Publication Dates for 2010August 05, 2009
H41: Federal Reserve Balance sheet data are now available through interactive Data Download ProgramThe Federal Reserve Board on Wednesday announced that data from its H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," which includes the weekly publication of the Federal Reserve's balance sheet, is now available through the Data Download Program. The program provides interactive access to Federal Reserve statistical data in a variety of formats and is available at http://www.federalreserve.gov/datadownload/.
The Data Download Program allows users to create customized data sets or download pre-formatted packages in multiple formats, including XML. More information about how to use the program is available at http://www.federalreserve.gov/datadownload/help/default.htm.
The H.4.1 release is typically published on Thursday, generally at 4:30 p.m. ET. Data from the release will be available for download in the Data Download Program at the same time.
July 10, 2009
H8: Changes to Data and Items Reported on the Release for July 1, 2009Effective with this release, several changes, summarized below, have been made to the data and the line items shown on the H.8 release. These changes relate to the adoption, as of July 1, 2009, of a single reporting form for all weekly reporters (see the Federal Reserve Board's notice published in the Federal Register, 74 FR 10739). Historical data have been revised to reflect these changes. In addition, data from the H.8 release are now available for customizable download through the Federal Reserve Board's Data Download Program (DDP). These data will be updated weekly with the H.8 release.
- The line items on loans now include the loans that banks hold in trading accounts. Previously, loans that banks held in trading accounts were included in trading account securities.
- Derivatives with a positive fair value and other trading assets are now shown as trading assets not included in bank credit. Previously, derivatives with a positive fair value and other trading assets were included in securities in bank credit.
- The set of line items shown on the release has been changed.
- The set of line items shown on the release is now identical for each bank group (all commercial banks; domestically chartered commercial banks; large domestically chartered commercial banks; small domestically chartered commercial banks; and foreign-related institutions in the U.S.). As a result, more line items are now shown on the release for small domestically chartered banks and foreign-related institutions. Data values that had not previously been reported by a bank group are denoted "--". Previously, the set of balance sheet items shown on the release differed substantially by bank group.
- The line items on securities are now shown by issuer (Treasury and agency or other) and type of security (mortgage-backed securities (MBS) or non-MBS). Previously, securities were shown by account type (investment account versus trading account) for large domestically chartered commercial banks and foreign-related institutions, and detail on mortgage-backed securities was shown only for large domestically chartered commercial banks that held such securities in investment accounts.
- Banks' allowance for loan and lease losses is now shown.
- Some line items are no longer shown separately: security loans are now included in all other loans and leases; state and local government loans held in investment accounts by large banks are now included in other securities, non-MBS; transaction deposits are now included in deposits, other deposits; and nontransaction deposits are now included in deposits, large time deposits or in deposits, other deposits, as appropriate.
- Some memoranda items that were previously shown for large domestically chartered commercial banks have been eliminated: pass-thru mortgage-backed securities; CMO, REMIC, and other mortgage-backed securities.
- The definitions of large and small domestically chartered commercial
banks have been revised.
- Large domestically chartered commercial banks are now defined as the top 25 domestically chartered commercial banks, ranked by domestic assets as of the previous commercial bank Call Report to which the H.8 release data have been benchmarked. Previously, large domestically chartered commercial banks were defined as banks that reported the FR 2416 form (that form was discontinued as of July 1, 2009).
- If a large domestically chartered bank is acquired by a commercial bank or if a large bank leaves the commercial bank universe, then it is replaced with the bank next in line, typically the bank ranked number 26.
- If a nonbank converts to a commercial bank charter, or if a small bank becomes large in size, it is not considered for the large bank panel (regardless of size) until the data are benchmarked to the subsequent Call Report.
- Small domestically chartered commercial banks are now defined as all domestically chartered commercial banks not included in the top 25. Previously, small domestically chartered commercial banks were defined as all domestically chartered banks that did not report the FR 2416 form.
- To the extent possible, the information available via the historical H.8 "Notes on the Data" link has been revised to incorporate the changes to the line items shown on the release.
June 11, 2009
Z1: Code changes for current Z.1 releaseOLD NEW
165035003 165035005
105012603 105012065
135012603 135012065
165012603 165012065
175012603 175012065
115012305 115012065
315013003 315013005
403069603 403069103
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713061703 713061705
896330023 836330023
896330063 836330063
May 14, 2009
CP: Revisions to Commercial Paper OutstandingMarch 27, 2009
G17: G.17 Annual RevisionThe Federal Reserve Board issued its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization. With this revision, the series code for Carpet and Rug Mills (NAICS 31411) was changed to G31411. Prior to the revision, the series code was N31411. Data for the new series are available on the Board's public website and the Data Download Program
March 16, 2009
G17: G.17 Annual RevisionThe Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on March 27, 2009, at 2:00 p.m.
February 27, 2009
H8: Link to Previously Published "Notes on the Data" Now AvailableFebruary 18, 2009
G17: Preliminary Estimates of Industrial Capacity for 2009January 16, 2009
G17: G.17 Annual RevisionThe Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on March 27, 2009.
January 12, 2009
H15: No Update on January 19 and January 20January 06, 2009
Z1: Correction to table L.108The Z.1 Flow of Funds statistical release was reposted on January 6, 2009 at 10:00 a.m. to correct errors on table L.108 lines 8 and 16 affecting data in 2008:Q3. Corrected data were made available through the Data Download Program on January 6, 2009 at 10:15 a.m.
January 02, 2009
H15: Addition of rates posted by Commercial Paper Funding Facility (CPFF)December 29, 2008
H3: Note on Nonborrowed ReservesThe H.3 statistical release indicates that nonborrowed reserves of depository institutions were negative for much of 2008 but more recently have turned positive.
By definition, nonborrowed reserves are equal to total reserves minus borrowed reserves. Borrowed reserves are equal to the sum of credit extended through the Federal Reserve's regular discount window programs and credit extended through certain Federal Reserve liquidity facilities. Total borrowings from the Federal Reserve are presented in table 1a of the release. Over much of 2008, in order to maintain a level of total reserves consistent with the Federal Open Market Committee's objective for the federal funds rate, increases in borrowed reserves were offset through a nearly commensurate decrease in nonborrowed reserves, which was accomplished through a reduction in the Federal Reserve's holdings of securities and other assets. The negative level of nonborrowed reserves was an arithmetic result of the fact that borrowings from the Federal Reserve liquidity facilities were larger than total reserves.
More recently, nonborrowed reserves have again turned positive. This development is purely an arithmetic result, in this case of the fact that a large volume of reserves has recently been provided through channels that, for purposes of the Federal Reserve's statistical releases, are not considered borrowings. These channels include foreign currency swap arrangements with foreign central banks and certain special purpose vehicles. Credit extended to these special purpose vehicles are not shown on the Federal Reserve's balance sheet. Rather, as noted on the H.4.1 statistical release, the assets of these vehicles are consolidated onto the Federal Reserve's balance sheet, and consequently credit extended to these special purpose entities is not treated as a borrowing for purposes of the H.3 statistical release.
December 16, 2008
CP: No Update on December 26December 15, 2008
CP: 2009 Holiday Schedule for Commercial PaperJanuary 1
January 19
January 20
February 16
May 25
July 3
September 7
October 12
November 11
November 26
December 25
November 05, 2008
CP: Clarification of Criteria Considered for Commercial Paper RatesThrough November 4, the documentation on the "About" page of this release indicated that paper issued under "credit-enhanced programs" was excluded from the samples of issues used to calculate reported rates. This wording was intended to convey that asset-backed commercial paper was excluded from the calculation of financial rates. Indeed, consistent with that intent, the Federal Reserve has, since 2006, published a separate rate series for asset-backed commercial paper. To avoid confusion, the reference to "credit-enhanced programs" will be dropped.
September 15, 2008
G17: Capacity Utilization Rates for October 2007 - February 2008 UpdatedCapacity utilization rates for October 2007 through February 2008 have been updated with the G.17 Statistical Release published on September 15, 2008. In April 2008, a six-month reporting window was instituted for the industrial production indexes in the G.17 Statistical Release; however, the capacity utilization rates inadvertently continued to be calculated for only a four-month window. Table 7A shows the revised rates for the affected months. The download program and the historical data files on the Federal Reserve Board's website have been updated with revised data.
September 15, 2008
G17: G.17 Annual RevisionSeptember 15, 2008
G17: G.17 Publication Dates for 2009August 11, 2008
G17: Bulletin article discusses the 2008 IP/CU Annual RevisionJuly 18, 2008
H8: Changes to Items Reported on the Release for July 9, 2008- The balance sheet items on the seasonally adjusted and not seasonally adjusted pages are now identical.
- For large domestically chartered banks, former item 4d, "Other securities, Investment account, Other," has been disaggregated into items 4b2 and 4b3, "Mortgage-backed" and "Other." Historical data beginning October 2, 1996, are available on the Federal Reserves web site.
- For foreign-related institutions, former item 7, "Real estate loans," has been renumbered as item 10 and renamed "Commercial real estate," which reflects the loan category more accurately.
- For small domestically chartered banks, former item 9, "Real estate loans, other," has been disaggregated into items 9 and 10, "Other residential" and "Commercial." Historical data beginning June 2, 2004, are available on the web site.
- For seasonally adjusted assets of large and small domestically chartered banks, former item 10, "Consumer loans," has been renumbered as item 11 and disaggregated into items 12 and 13, "Credit cards and other revolving plans" and "Other." Historical data beginning June 28, 2000, are available on the web site.
- For domestically chartered commercial banks and foreign-related institutions, former item 11, "Security loans," has been renumbered as item 14 and disaggregated into items 15 and 16, "Fed funds and RPs with brokers" and "Other." Historical data beginning January 3, 1973, are available on the web site.
- For foreign-related institutions, former item 12, "Other loans and leases," has been renumbered as item 17 and disaggregated into items 17a and 17b, "Fed funds and RPs with others" and "Other." Historical data beginning January 3, 1973, are available on the web site.
- For small domestically chartered banks and foreign-related institutions, former item 13, "Interbank loans," has been renumbered as item 18 and disaggregated into items 19 and 20, "Fed funds and RPs with banks" and "Other." Historical data are available on the web site beginning January 6, 1988, for small domestically chartered banks and January 3, 1973, for foreign-related institutions.
- For foreign-related institutions, former item 19, "Nontransaction deposits," has been renumbered as item 26 and a component, "Large time" has been added (item 27). Historical data beginning January 3, 1973, are available on the web site.
- For large domestically chartered banks and foreign-related institutions, former memo items 29 and 30, "Reval. gains (losses) on off-bal. sheet items," have been renamed as "Derivatives with a positive (negative) fair value" and moved onto the balance sheet as items 4a1 and 33a. The remaining memo items have been moved to the end of the balance sheet pages. Historical data beginning October 2, 1996, are available on the web site.
May 28, 2008
CP: Revisions to Commercial Paper OutstandingMay 21, 2008
CHGDEL: Adoption of FAS 159 by some banks in 2008:1April 11, 2008
H8: Supplementary Information Regarding Balance Sheet Data for April 2, 2008The adoption by some banks of FAS 159, The Fair Value Option for Financial Assets and Financial Liabilities (FVO), affected commercial bank balance sheet data for April 2, 2008. The "Notes on the Data" section on page 14 of the H.8 Statistical Release contains information on the affected balance sheet items.
For more information on FAS 159, please refer to www.fasb.org/st/summary/stsum159.shtml.
April 01, 2008
G17: G.17 Change in Reporting WindowApril 01, 2008
G17: G.17 Annual RevisionFebruary 15, 2008
G17: Preliminary estimates of industrial capacity for 2008February 15, 2008: The data in this release include preliminary estimates of industrial capacity for 2008. Measured fourth quarter to fourth quarter, total industrial capacity is projected to rise 1.9 percent this year after having expanded 1.8 percent in 2007. Manufacturing capacity is estimated to increase 2.1 percent in 2008, the same amount as in 2007. In 2008, mining capacity is estimated to expand 0.7 percent, and utilities capacity is projected to rise 1.9 percent; both rates of increase would be slightly faster than for last year. With the publication on March 28, 2008, of the annual revision to industrial production, capacity, and capacity utilization, these estimates will be updated to reflect more-comprehensive source data, including the 2006 Survey of Plant Capacity, physical capacity data from government and trade sources, and the revised production indexes.
February 15, 2008
G17: G.17 Annual RevisionFebruary 08, 2008
H3: Recent Declines in Nonborrowed ReservesThe H.3 statistical release indicates that nonborrowed reserves of depository institutions have declined substantially since mid-December to a level that is now negative. This development reflects the provision of a large volume of reserves through the Term Auction Facility (TAF) and has no adverse implications for the availability of reserves to the banking system.
By definition, nonborrowed reserves are equal to total reserves minus borrowed reserves. Borrowed reserves are equal to credit extended through the Federal Reserve's regular discount window programs as well as credit extended through the TAF. To maintain a level of total reserves consistent with the Federal Open Market Committee's target federal funds rate, increases in borrowed reserves must generally be met by a commensurate decrease in nonborrowed reserves, which is accomplished through a reduction in the Federal Reserve's holdings of securities and other assets. The negative level of nonborrowed reserves is an arithmetic result of the fact that TAF borrowings are larger than total reserves.
January 10, 2008
G19: Correction to Consumer Credit interest rate observationDecember 10, 2007
G19: Consumer credit data are now available from the Data Download ProgramDecember 10, 2007
G20: Finance company data are now available from the Data Download ProgramDecember 10, 2007
FOR: Household debt service and financial obligations data are now available from the Data Download ProgramNovember 16, 2007
CP: Rates and Volume Statistics for November 15 Have Been ReissuedNovember 02, 2007
H8: Supplementary Information Regarding Balance Sheet Data for October 24, 2007Effective with this release of data for October 24, 2007, a change has been made to the memo items for small domestically chartered banks (page 13). Former item 33a, securitized consumer loans consisting of "Credit cards and related plans," and former item 33b, securitized consumer loans consisting of "Other" types of consumer loans, have been discontinued.
Also effective with this release, the "Notes on the Data" section at the end of the release will describe nonbank structure activity only when the net effect on bank assets is $5.0 billion or more. Detail will be provided for components with a net effect of $0.5 billion or more.
October 01, 2007
H15: Corrections for rounding errors on interest rate swaps
Swap Rate |
Observation Date |
Publication Date |
Original Value |
Correct Value |
---|---|---|---|---|
1-year | 2007-08-21 | 2007-08-27 | 4.89 | 4.90 |
2-year | 2007-08-14 | 2007-08-20 | 5.01 | 5.02 |
3-year | 2006-02-06 | 2006-02-13 | 5.01 | 5.02 |
2007-03-16 | 2007-03-19 | 4.93 | 4.94 | |
2007-04-03 | 2007-04-09 | 4.97 | 4.98 | |
2007-04-25 | 2007-04-30 | 4.93 | 4.94 | |
2007-05-09 | 2007-05-14 | 5.01 | 5.02 | |
4-year | 2006-11-20 | 2006-11-27 | 5.01 | 5.02 |
2006-12-18 | 2006-12-26 | 4.97 | 4.98 | |
5-year | 2007-03-14 | 2007-03-19 | 4.89 | 4.90 |
2007-04-05 | 2007-04-09 | 5.01 | 5.02 | |
2007-05-11 | 2007-05-14 | 5.01 | 5.02 | |
7-year | 2006-11-28 | 2006-12-04 | 4.93 | 4.94 |
2007-09-13 | 2007-09-17 | 4.97 | 4.98 |
The above corrections have been made to the historical data. In addition, some earlier observations in the historical data have been corrected. However, these observations were published correctly on the original statistical releases.
September 18, 2007
H3: H.3 Data UpdateThe DDP values for 09/5/07 and 09/12/07 for Total borrowings of Depository Institutions from the Federal Reserve (RESBR14A_N.WW) have been updated to reflect the correct values as posted on the H.3 release and H.3 Weekly Historical Aggregate Table 6: Memorandum Items dated 09/13/2007.
August 15, 2007
G17: G.17 Annual RevisionJuly 20, 2007
H8: Supplementary Information Regarding Balance Sheet Data for July 11, 2007
The seasonally adjusted data released on July 13, 2007--both the H.8
statistical release and the associated historical data--were based
inadvertently on a set of newly estimated seasonal factors. These
seasonal factors did not represent our final estimates and should not
have been published.
In today's H.8 statistical release and in the associated historical data, we have restored the previous set of seasonal factors. In addition, we have corrected the H.8 statistical release of July 13, 2007, by restoring the previous set of seasonal factors to those data. We will publish newly estimated seasonal factors when they have been finalized.
July 13, 2007
H8: Changes to Items Reported on the Release for July 4, 2007- For seasonally adjusted and not seasonally adjusted assets and liabilities of large domestically chartered banks (pages 5 and 7), former item 12a, "State and local government" loans, and former item 12b, "Agricultural" loans, have been discontinued and the remaining three items under item 12 have been renumbered as 12a through 12c. Data for the two discontinued items have been aggregated into renumbered item 12b, "All other loans."
- For seasonally adjusted and not seasonally adjusted assets and liabilities of small domestically chartered banks (pages 9 and 10), former item 11, "Security" loans, has been discontinued and data for this item have been aggregated into existing item 12, "Other loans and leases."
- For memo items of large domestically chartered banks (page 13), former item 34, "Securitized business loans," has been discontinued. On the same page, new item 34, "Securitized real estate loans," has been added to the memo items for both large and small domestically chartered banks.
June 18, 2007
CP: Change to Credit Rating Agencies ConsideredJune 15, 2007
G17: Semiannual update to the capacity estimatesJune 04, 2007
G17: Bulletin article discusses the 2006 IP/CU Annual RevisionMay 25, 2007
CP: Commercial paper data now available via RSS feedApril 30, 2007
H3: Aggregate Reserves data are now available from the Data DownloadApril 13, 2007
H8: Supplementary Information Regarding Balance Sheet Data for April 4, 2007Under FVO, banks generally have an irrevocable option to elect a fair value measurement for most financial assets and liabilities at their inception. In addition, at the time of FVO adoption, banks have a one-time option to convert a broad array of existing asset and liability items to a fair value measurement basis. A bank that elects to adopt FVO must also adopt FAS 157, Fair Value Measurements. For more information on FAS 159 and FAS 157, refer to www.fasb.org/st/summary/stsum159.shtml and www.fasb.org/st/summary/stsum157.shtml, respectively.
March 09, 2007
Z1: Data correction for Z.1 releaseThe Z.1 Flow of Funds statistical release was reposted on March 8, 2007 at 5:21 PM to correct errors in components of federal government debt affecting data from 1970 forward. Corrected data were made available through the Data Download Program on March 9, 2007 at 10:30 AM.
February 15, 2007
G17: Preliminary estimates of industrial capacity for 2007January 03, 2007
CP: Discontinuance of LOC OutstandingDecember 18, 2006
DDP: RSS feeds now available from the Federal Reserve BoardDecember 13, 2006
G17: 2006 Annual IP RevisionDecember 04, 2006
G17: Seasonal factors for auto and truck productionNovember 16, 2006
G17: 2006 Annual IP Revision is tentatively 12/11/2006October 19, 2006
CP: Revisions to Commercial Paper OutstandingOctober 17, 2006
G17: G.17 Publication Dates for 2007July 17, 2006
G17: 2006 Annual IP RevisionJune 15, 2006
G17: Updated estimates of industrial capacity in 2006June 05, 2006
G17: Seasonal factors for auto and truck productionMay 17, 2006
G17: Beverages (NAICS 2121), NSA, reissuedApril 14, 2006
G17: Change in number of decimals displayedApril 11, 2006
CP: Major Changes to Commercial Paper OutstandingMarch 21, 2006
G17: Change in number of decimals displayedMarch 17, 2006
G17: 2005 Annual IP Revision articleJanuary 17, 2006
G17: Final survey of industrial electric power useDecember 06, 2005
G17: Final survey of industrial electric power useNovember 17, 2005
G17: Seasonal factors for auto and truck productionNovember 07, 2005
G17: 2005 Annual IP RevisionNovember 04, 2005
G17: 2005 Annual IP RevisionOctober 24, 2005
G17: Several individual IP series will be changedOctober 24, 2005
G17: Seasonal factors for auto and truck productionOctober 14, 2005
G17: Names for the G.17 data files changedOctober 06, 2005
G17: Names for the G.17 data files changedSeptember 14, 2005
G17: G.17 Publication dates for 2006August 16, 2005
G17: 2005 Annual IP RevisionJune 15, 2005
G17: Updated estimates of industrial capacity in 2005June 10, 2005
G17: Seasonal factors for auto and truck productionFebruary 16, 2005
G17: Preliminary estimates of 2005 industrial capacityJuly 28, 2004
H15: Addition of 20-Year Treasury Constant Maturity Inflation-IndexedJune 14, 2004
H8: Changes to Items Reported on the Release for June 2, 2004- For not seasonally adjusted assets and liabilities of all domestically chartered banks (page 4) and of small banks (page 10), item 9, "Real estate loans, other," has been disaggregated into item 9a, "Real estate loans, other residential," and item 9b, "Real estate loans, commercial," effective with the week of June 2, 2004.
- For seasonally adjusted assets and liabilities of large banks (page 5), item 3b, "Treasury and Agency securities, investment account," has been disaggregated into item 3c, "Mortgage-backed," and item 3d, "Other." Similarly, item 9, "Real estate loans, other," has been disaggregated into item 9a, "Real estate loans, other residential," and item 9b, "Real estate loans, commercial." This additional detail has been available for large banks on a not seasonally adjusted basis (page 7) since October 2, 1996.
- For not seasonally adjusted assets of large banks (page 7), items 3e, 3f, and 3g, non-mortgage-backed Treasury and Agency investment account securities having remaining maturities of, respectively, 1 year or less, between 1 and 5 years, and more than 5 years, have been discontinued effective with the week of June 2, 2004.
- For memo items of large banks (page 13), formerly item 33, "Offshore credit to U.S. residents," has been discontinued effective with the week of June 2, 2004.
June 02, 2004
H15: Discontinuance of Treasury Long-Term Average Nominal RateJanuary 16, 2004
H8: Revised Supplementary Information Regarding Balance Sheet Data for December 17, 2003January 05, 2004
H15: Inclusion of Yields on Treasury Inflation-Protected SecuritiesOctober 17, 2003
H8: Supplementary Information Regarding Balance Sheet Data for October 8, 2003The balance sheet items affected are other securities, item 4, other loans and leases, item 12, and borrowings from others, item 24. Some of these changes extend back to July 2. Revised data for the H.8 statistical release are available on the Board's website, www.federalreserve.gov/releases.
October 10, 2003
H8: Supplementary Information Regarding Balance Sheet Data for October 1, 2003July 11, 2003
H8: Supplementary Information Regarding Balance Sheet Data for July 2, 2003July 29, 2002
H8: Extension of Major Bank Credit Series to 1947Monthly estimates of total bank credit and its major components, seasonally adjusted and not seasonally adjusted, have been extended back from January 1973, the former start date for all the bank credit series, to January 1947. The components that have been extended are holdings of U.S. government securities, holdings of other securities, and the following loan categories: commercial and industrial, real estate, consumer, security, and "all other."
Data in the H.8 are for all commercial banks in the United States, which consist of domestically chartered banks and foreign-related institutions (mainly U.S. branches and agencies of foreign banks). The data for 1973 through 1987 report totals for all institutions as well as subtotals for domestically chartered banks and for foreign-related institutions; beginning in 1988, the data are further disaggregated between large and small domestically chartered banks. The extended data (1947-72) show only all-institution totals.
As with the current data, the extended monthly data are prorated averages of Wednesday values. The weekly Wednesday data underlying the monthly averages mix actual historical observations with estimates that are based on linear interpolations of semimonthly, monthly, and, in a few cases, lower-frequency observations.
Several bank credit series received generally minor revisions for the 1973-87 period when the longer time series were introduced.
July 29, 2002
H8: Discontinuation of District-specific balance sheet dataEffective with this edition of the H.8 statistical release, the Federal Reserve is discontinuing the publication of the District-specific balance sheet data of large, domestically chartered banks that appeared on pages 11 through 14 of the release.
The reason for the change is that, with the ability of banks to establish branches virtually nationwide as of June 1, 1997, a number of large bank holding companies have converted banks located across several Federal Reserve Districts into branches of a single bank. These consolidations have significantly shifted bank balance sheet items among Federal Reserve Districts, further weakening the connection between banking data reported separately by Federal Reserve District and actual banking activities in each District.
However, the item coverage of the aggregate balance sheets of large banks in the H.8 has been expanded to retain the national totals of some of the items in the District tables that had not appeared in the national tables. As a result, the H.8 now reports the large bank data on four pages rather than two.
February 25, 2002
H15: Changes to Treasury Long-Term Rate SeriesAs of the release dated February 25, 2002, the H.15 no longer reports a 30-year constant maturity yield for Treasury securities and begins reporting a yield for Treasury securities with 25 years or more remaining to maturity.
The changes reflect the Treasury's announcement on January 30, 2002, that, effective February 18, it would cease supplying an estimate of the 30-year constant maturity yield and that it would commence supplying a long-term yield based on a basket of long-dated securities.
As indicated in footnote 12 of the release, the new long-term rate is based on an unweighted average of the bid yields for all Treasury fixed-coupon securities with remaining terms to maturity of at least 25 years. A factor to adjust the daily long-term average to estimate a 30-year rate is available at the Treasury web site reported in footnote 13 of the release.
October 26, 2001
H15: Original and Revised Treasury Rates for the Week Ending September 14, 2001The H.15 site has links to the original September 17, 2001, release as well as to the revised releases for that date and for September 24.
Data for most of the interest rates reported in the H.15 release of September 17, 2001, were missing for September 11-13 because of inactive markets or delays in data processing arising from the disasters of September 11.
On September 25 the Treasury released the data that had been missing for September 13 regarding the constant maturity interest rates on Treasury securities and the secondary rates on bills. On October 1, 2001, the Federal Reserve issued a revised version of the H.15 release of September 17 to show the September 13 values of those series and the correspondingly updated values of the averages for the week ending September 14; also on October 1, 2001, the Federal Reserve issued a revised version of the September 24 release to show the new values of the averages for the week ending September 14.
September 04, 2001
H15: Changes in the reporting of Treasury securitiesOn July 31, 2001, the Department of the Treasury began the weekly issuance of 4-week bills. On August 27, 2001, the Treasury stopped reporting secondary market yields for 1-year Treasury bills, the final issuance of which was on February 27, 2001.
Effective with the issue of September 4, 2001, the H.15 statistical release reflects these changes by reporting the secondary market rate for 4-week bills and by no longer reporting the secondary market rate for 1-year bills.
In addition, the H.15 now reports a 1-month constant maturity rate, which the Treasury began calculating when it introduced the 4-week bill.
June 13, 2001
CHGDEL: Revisions to historical dataJuly 10, 2000
H15: Note to Users of the H.15 Statistical Release; The addition of swap rates.Rates for fixed-rate payers in interest rate swaps, as collected under the auspices of the International Swaps and Derivatives Association, Inc., are being added. These swap rates are for maturities of 1, 2, 3, 4, 5, 7, 10, and 30 years.
No longer appearing on the release are auction highs for 3-month, 6-month, and 1-year Treasury bills. These figures continue to be available from the Treasury's website: http://www.publicdebt.treas.gov/of/ofrespr.htm. Also being dropped is the Treasury composite (an unweighted average of yields on all outstanding bonds neither due nor callable in less than 10 years).
Finally, the H.15 no longer contains rates for 3-month and 6-month bankers acceptances. The quotes continue to be available on Telerate, which was the source for these rates as reported on the H.15.