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Board of Governors of the Federal Reserve System

Accessible Versions of Figures in Part 2

Table data presented with the Monetary Policy Report submitted to the Congress on February 27, 2008, pursuant to section 2B of the Federal Reserve Act

Change in Real GDP, 2001-07


Percent, annual rate
Period Real GDP
2001 0.23
2002 1.87
2003 3.68
2004 3.15
2005 2.88
2006 2.60
2007:H1 2.20
2007:Q3 4.91
2007:Q4 0.63

Note: Here and in subsequent figures, except as noted, change for a given period is measured to its final quarter from the final quarter of the preceding year.

Source: Department of Commerce, Bureau of Economic Analysis.

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Change in the Chain-Type Price Index for Personal Consumption Expenditures, 2001-07


Percent
Period Total Excluding food and energy
2001 1.74 2.22
2002 1.79 1.55
2003 1.89 1.44
2004 3.09 2.23
2005 3.17 2.17
2006 1.91 2.29
2007 3.35 2.13

Source: Department of Commerce, Bureau of Economic Analysis.

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Private Housing Starts, 1994-2007


Millions of units, annual rate
Period Single-family Multifamily
1994:Q1 1.19 0.20
1994:Q2 1.21 0.25
1994:Q3 1.19 0.26
1994:Q4 1.16 0.31
1995:Q1 1.04 0.28
1995:Q2 1.02 0.27
1995:Q3 1.12 0.29
1995:Q4 1.14 0.28
1996:Q1 1.15 0.31
1996:Q2 1.19 0.31
1996:Q3 1.18 0.32
1996:Q4 1.10 0.32
1997:Q1 1.14 0.29
1997:Q2 1.12 0.36
1997:Q3 1.15 0.31
1997:Q4 1.14 0.39
1998:Q1 1.23 0.33
1998:Q2 1.24 0.33
1998:Q3 1.28 0.35
1998:Q4 1.36 0.36
1999:Q1 1.34 0.37
1999:Q2 1.27 0.31
1999:Q3 1.29 0.36
1999:Q4 1.34 0.32
2000:Q1 1.28 0.38
2000:Q2 1.24 0.35
2000:Q3 1.19 0.31
2000:Q4 1.22 0.32
2001:Q1 1.26 0.35
2001:Q2 1.30 0.33
2001:Q3 1.28 0.32
2001:Q4 1.26 0.31
2002:Q1 1.36 0.36
2002:Q2 1.34 0.34
2002:Q3 1.34 0.36
2002:Q4 1.41 0.33
2003:Q1 1.41 0.32
2003:Q2 1.43 0.33
2003:Q3 1.52 0.37
2003:Q4 1.66 0.38
2004:Q1 1.56 0.36
2004:Q2 1.61 0.33
2004:Q3 1.64 0.34
2004:Q4 1.61 0.35
2005:Q1 1.70 0.37
2005:Q2 1.70 0.35
2005:Q3 1.75 0.35
2005:Q4 1.73 0.34
2006:Q1 1.75 0.38
2006:Q2 1.52 0.34
2006:Q3 1.39 0.31
2006:Q4 1.23 0.32
2007:Q1 1.17 0.29
2007:Q2 1.17 0.30
2007:Q3 0.99 0.31
2007:Q4 0.83 0.32

Note: The data are quarterly and extend through 2007:Q4.

Source: Department of Commerce, Bureau of the Census.

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Change in Prices of Existing Single-Family Houses, 1988-2007


Percent
Period Repeat-transactions index S&P/Case-Shiller ten-city index
1988:Q1 6.38 11.71
1988:Q2 6.62 10.70
1988:Q3 6.08 10.87
1988:Q4 6.23 10.68
1989:Q1 5.75 10.89
1989:Q2 4.91 10.94
1989:Q3 6.18 8.41
1989:Q4 6.04 6.67
1990:Q1 5.07 4.67
1990:Q2 3.66 1.93
1990:Q3 1.67 -0.26
1990:Q4 0.27 -2.80
1991:Q1 0.62 -5.34
1991:Q2 1.06 -5.71
1991:Q3 0.78 -3.64
1991:Q4 1.91 -2.22
1992:Q1 1.99 -0.32
1992:Q2 1.91 0.31
1992:Q3 2.78 -1.15
1992:Q4 2.65 -1.60
1993:Q1 1.47 -1.64
1993:Q2 2.71 -1.95
1993:Q3 2.76 -1.72
1993:Q4 2.83 -1.41
1994:Q1 3.79 -0.73
1994:Q2 3.71 0.52
1994:Q3 3.54 1.28
1994:Q4 2.90 1.65
1995:Q1 2.44 1.22
1995:Q2 2.45 0.15
1995:Q3 2.65 -0.19
1995:Q4 2.70 -0.36
1996:Q1 3.37 -0.15
1996:Q2 3.37 0.89
1996:Q3 3.11 1.15
1996:Q4 3.08 1.65
1997:Q1 2.69 2.12
1997:Q2 2.99 2.79
1997:Q3 3.07 3.84
1997:Q4 3.44 4.86
1998:Q1 4.11 6.55
1998:Q2 4.48 7.99
1998:Q3 5.05 9.39
1998:Q4 5.59 9.45
1999:Q1 5.77 8.87
1999:Q2 5.94 9.26
1999:Q3 6.13 9.32
1999:Q4 6.04 10.23
2000:Q1 6.37 11.48
2000:Q2 6.57 12.97
2000:Q3 6.69 13.17
2000:Q4 6.90 13.80
2001:Q1 6.97 14.41
2001:Q2 6.94 12.30
2001:Q3 6.93 10.88
2001:Q4 6.80 9.76
2002:Q1 6.59 7.95
2002:Q2 6.74 9.56
2002:Q3 7.18 12.25
2002:Q4 7.61 14.20
2003:Q1 7.63 15.23
2003:Q2 7.45 13.63
2003:Q3 7.48 12.25
2003:Q4 7.62 12.98
2004:Q1 8.04 14.92
2004:Q2 8.66 18.49
2004:Q3 9.04 20.29
2004:Q4 9.34 19.15
2005:Q1 9.44 18.72
2005:Q2 9.80 17.22
2005:Q3 9.78 15.87
2005:Q4 9.55 16.07
2006:Q1 8.99 13.79
2006:Q2 7.53 9.75
2006:Q3 5.50 5.33
2006:Q4 4.05 1.40
2007:Q1 3.33 -1.22
2007:Q2 2.90 -3.35
2007:Q3 1.94 -4.91
2007:Q4 -0.32 -8.27

Note: The data are quarterly and extend through 2007:Q4; changes are from one year earlier. For the years preceding 1991, the repeat-transactions index includes appraisals associated with mortgage refinancings; beginning in 1991, it includes purchase transactions only. The S&P/Case-Shiller index reflects all arm's-length sales transactions in the metropolitan areas of Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco, and Washington, D.C.

Source: For repeat transactions, Office of Federal Housing Enterprise Oversight; for S&P/Case-Shiller, Chicago Mercantile Exchange.

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Mortgage Rates, 2001-08


Percent
Period, week beginning Fixed rate Adjustable rate
3 January 2001 7.07 6.86
10 January 2001 6.89 6.65
17 January 2001 7.02 6.64
24 January 2001 7.15 6.64
31 January 2001 7.09 6.54
7 February 2001 6.98 6.45
14 February 2001 7.01 6.40
21 February 2001 7.12 6.43
28 February 2001 7.03 6.39
7 March 2001 6.97 6.29
14 March 2001 6.96 6.32
21 March 2001 6.89 6.22
28 March 2001 6.91 6.19
4 April 2001 7.01 6.23
11 April 2001 7.04 6.15
18 April 2001 7.14 6.08
25 April 2001 7.12 5.97
2 May 2001 7.14 6.00
9 May 2001 7.10 5.90
16 May 2001 7.14 5.81
23 May 2001 7.20 5.82
30 May 2001 7.24 5.89
6 June 2001 7.20 5.85
13 June 2001 7.14 5.82
20 June 2001 7.11 5.74
27 June 2001 7.11 5.77
4 July 2001 7.19 5.71
11 July 2001 7.21 5.79
18 July 2001 7.08 5.62
25 July 2001 7.03 5.72
1 August 2001 7.00 5.77
8 August 2001 7.00 5.70
15 August 2001 6.92 5.71
22 August 2001 6.91 5.68
29 August 2001 6.92 5.67
5 September 2001 6.89 5.64
12 September 2001 6.86 5.62
19 September 2001 6.80 5.58
26 September 2001 6.72 5.45
3 October 2001 6.64 5.34
10 October 2001 6.58 5.26
17 October 2001 6.61 5.26
24 October 2001 6.64 5.25
31 October 2001 6.56 5.26
7 November 2001 6.45 5.30
14 November 2001 6.51 5.06
21 November 2001 6.75 5.18
28 November 2001 7.02 5.22
5 December 2001 6.84 5.21
12 December 2001 7.09 5.19
19 December 2001 7.17 5.27
26 December 2001 7.16 5.25
2 January 2002 7.14 5.26
9 January 2002 7.06 5.26
16 January 2002 6.83 5.08
23 January 2002 6.96 5.10
30 January 2002 7.02 5.12
6 February 2002 6.88 5.04
13 February 2002 6.86 4.98
20 February 2002 6.81 4.96
27 February 2002 6.80 4.94
6 March 2002 6.87 5.07
13 March 2002 7.08 5.08
20 March 2002 7.14 5.11
27 March 2002 7.18 5.11
3 April 2002 7.13 4.99
10 April 2002 6.99 5.00
17 April 2002 6.94 4.95
24 April 2002 6.88 4.91
1 May 2002 6.78 4.75
8 May 2002 6.79 4.80
15 May 2002 6.89 4.81
22 May 2002 6.81 4.85
29 May 2002 6.76 4.76
5 June 2002 6.71 4.71
12 June 2002 6.71 4.67
19 June 2002 6.63 4.60
26 June 2002 6.55 4.61
3 July 2002 6.57 4.58
10 July 2002 6.54 4.66
17 July 2002 6.49 4.50
24 July 2002 6.34 4.31
31 July 2002 6.43 4.45
7 August 2002 6.31 4.37
14 August 2002 6.22 4.39
21 August 2002 6.27 4.34
28 August 2002 6.22 4.34
4 September 2002 6.15 4.35
11 September 2002 6.18 4.32
18 September 2002 6.05 4.28
25 September 2002 5.99 4.22
2 October 2002 6.01 4.29
9 October 2002 5.98 4.23
16 October 2002 6.15 4.27
23 October 2002 6.31 4.30
30 October 2002 6.13 4.25
6 November 2002 6.11 4.15
13 November 2002 5.94 4.09
20 November 2002 6.03 4.14
27 November 2002 6.13 4.19
4 December 2002 6.19 4.21
11 December 2002 6.04 4.18
18 December 2002 6.03 4.07
25 December 2002 5.93 4.01
1 January 2003 5.85 4.06
8 January 2003 5.95 4.03
15 January 2003 5.97 4.03
22 January 2003 5.91 3.93
29 January 2003 5.90 3.89
5 February 2003 5.88 3.89
12 February 2003 5.86 3.89
19 February 2003 5.84 3.81
26 February 2003 5.79 3.83
5 March 2003 5.67 3.76
12 March 2003 5.61 3.68
19 March 2003 5.79 3.75
26 March 2003 5.91 3.84
2 April 2003 5.79 3.82
9 April 2003 5.85 3.80
16 April 2003 5.82 3.79
23 April 2003 5.79 3.79
30 April 2003 5.70 3.74
7 May 2003 5.62 3.66
14 May 2003 5.45 3.67
21 May 2003 5.34 3.61
28 May 2003 5.31 3.63
4 June 2003 5.26 3.59
11 June 2003 5.21 3.54
18 June 2003 5.21 3.51
25 June 2003 5.24 3.45
2 July 2003 5.40 3.49
9 July 2003 5.52 3.55
16 July 2003 5.67 3.58
23 July 2003 5.94 3.67
30 July 2003 6.14 3.68
6 August 2003 6.34 3.80
13 August 2003 6.24 3.75
20 August 2003 6.28 3.84
27 August 2003 6.32 3.88
3 September 2003 6.44 3.98
10 September 2003 6.16 3.87
17 September 2003 6.01 3.81
24 September 2003 5.98 3.77
1 October 2003 5.77 3.72
8 October 2003 5.95 3.69
15 October 2003 6.05 3.79
22 October 2003 6.05 3.76
29 October 2003 5.94 3.74
5 November 2003 5.98 3.73
12 November 2003 6.03 3.76
19 November 2003 5.83 3.72
26 November 2003 5.89 3.77
3 December 2003 6.02 3.77
10 December 2003 5.88 3.77
17 December 2003 5.82 3.77
24 December 2003 5.81 3.73
31 December 2003 5.85 3.72
7 January 2004 5.87 3.76
14 January 2004 5.66 3.62
21 January 2004 5.64 3.56
28 January 2004 5.68 3.59
4 February 2004 5.72 3.61
11 February 2004 5.66 3.57
18 February 2004 5.58 3.53
25 February 2004 5.58 3.50
3 March 2004 5.59 3.47
10 March 2004 5.41 3.41
17 March 2004 5.38 3.39
24 March 2004 5.40 3.36
31 March 2004 5.52 3.46
7 April 2004 5.79 3.65
14 April 2004 5.89 3.69
21 April 2004 5.94 3.69
28 April 2004 6.01 3.75
5 May 2004 6.12 3.76
12 May 2004 6.34 3.90
19 May 2004 6.30 3.99
26 May 2004 6.32 3.87
2 June 2004 6.28 3.98
9 June 2004 6.30 4.14
16 June 2004 6.32 4.13
23 June 2004 6.25 4.13
30 June 2004 6.21 4.19
7 July 2004 6.01 4.05
14 July 2004 6.00 4.02
21 July 2004 5.98 4.12
28 July 2004 6.08 4.17
4 August 2004 5.99 4.08
11 August 2004 5.85 4.08
18 August 2004 5.81 4.01
25 August 2004 5.82 4.05
1 September 2004 5.77 3.97
8 September 2004 5.83 4.00
15 September 2004 5.75 4.03
22 September 2004 5.70 4.00
29 September 2004 5.72 3.97
6 October 2004 5.82 4.08
13 October 2004 5.74 4.01
20 October 2004 5.69 4.02
27 October 2004 5.64 3.96
3 November 2004 5.70 4.00
10 November 2004 5.76 4.16
17 November 2004 5.74 4.17
24 November 2004 5.72 4.27
1 December 2004 5.81 4.19
8 December 2004 5.71 4.15
15 December 2004 5.68 4.18
22 December 2004 5.75 4.17
29 December 2004 5.81 4.19
5 January 2005 5.77 4.10
12 January 2005 5.74 4.10
19 January 2005 5.67 4.11
26 January 2005 5.66 4.18
2 February 2005 5.63 4.23
9 February 2005 5.57 4.11
16 February 2005 5.62 4.15
23 February 2005 5.69 4.16
2 March 2005 5.79 4.14
9 March 2005 5.85 4.24
16 March 2005 5.95 4.20
23 March 2005 6.01 4.24
30 March 2005 6.04 4.33
6 April 2005 5.93 4.23
13 April 2005 5.91 4.30
20 April 2005 5.80 4.26
27 April 2005 5.78 4.21
4 May 2005 5.75 4.22
11 May 2005 5.77 4.23
18 May 2005 5.71 4.26
25 May 2005 5.65 4.21
1 June 2005 5.62 4.26
8 June 2005 5.56 4.21
15 June 2005 5.63 4.25
22 June 2005 5.57 4.23
29 June 2005 5.53 4.24
6 July 2005 5.62 4.33
13 July 2005 5.66 4.39
20 July 2005 5.73 4.42
27 July 2005 5.77 4.46
3 August 2005 5.82 4.47
10 August 2005 5.89 4.57
17 August 2005 5.80 4.58
24 August 2005 5.77 4.56
31 August 2005 5.71 4.48
7 September 2005 5.71 4.45
14 September 2005 5.74 4.46
21 September 2005 5.80 4.48
28 September 2005 5.91 4.68
5 October 2005 5.98 4.77
12 October 2005 6.03 4.85
19 October 2005 6.10 4.89
26 October 2005 6.15 4.91
2 November 2005 6.31 5.09
9 November 2005 6.36 5.12
16 November 2005 6.37 5.20
23 November 2005 6.28 5.14
30 November 2005 6.26 5.16
7 December 2005 6.32 5.16
14 December 2005 6.30 5.15
21 December 2005 6.26 5.22
28 December 2005 6.22 5.15
4 January 2006 6.21 5.16
11 January 2006 6.15 5.15
18 January 2006 6.10 5.18
25 January 2006 6.12 5.20
1 February 2006 6.23 5.33
8 February 2006 6.24 5.34
15 February 2006 6.28 5.36
22 February 2006 6.26 5.32
1 March 2006 6.24 5.34
8 March 2006 6.37 5.45
15 March 2006 6.34 5.37
22 March 2006 6.32 5.41
29 March 2006 6.35 5.51
5 April 2006 6.43 5.57
12 April 2006 6.49 5.61
19 April 2006 6.53 5.63
26 April 2006 6.58 5.68
3 May 2006 6.59 5.67
10 May 2006 6.58 5.62
17 May 2006 6.60 5.62
24 May 2006 6.62 5.61
31 May 2006 6.67 5.68
7 June 2006 6.62 5.63
14 June 2006 6.63 5.66
21 June 2006 6.71 5.75
28 June 2006 6.78 5.82
5 July 2006 6.79 5.83
12 July 2006 6.74 5.75
19 July 2006 6.80 5.80
26 July 2006 6.72 5.78
2 August 2006 6.63 5.69
9 August 2006 6.55 5.69
16 August 2006 6.52 5.65
23 August 2006 6.48 5.60
30 August 2006 6.44 5.59
6 September 2006 6.47 5.63
13 September 2006 6.43 5.60
20 September 2006 6.40 5.54
27 September 2006 6.31 5.47
4 October 2006 6.30 5.46
11 October 2006 6.37 5.56
18 October 2006 6.36 5.57
25 October 2006 6.40 5.60
1 November 2006 6.31 5.53
8 November 2006 6.33 5.55
15 November 2006 6.24 5.53
22 November 2006 6.18 5.49
29 November 2006 6.14 5.46
6 December 2006 6.11 5.43
13 December 2006 6.12 5.45
20 December 2006 6.13 5.44
27 December 2006 6.18 5.47
3 January 2007 6.18 5.42
10 January 2007 6.21 5.44
17 January 2007 6.23 5.51
24 January 2007 6.25 5.49
31 January 2007 6.34 5.54
7 February 2007 6.28 5.49
14 February 2007 6.30 5.52
21 February 2007 6.22 5.49
28 February 2007 6.18 5.49
7 March 2007 6.14 5.47
14 March 2007 6.14 5.42
21 March 2007 6.16 5.40
28 March 2007 6.16 5.43
4 April 2007 6.17 5.44
11 April 2007 6.22 5.47
18 April 2007 6.17 5.45
25 April 2007 6.16 5.43
2 May 2007 6.16 5.42
9 May 2007 6.15 5.48
16 May 2007 6.21 5.48
23 May 2007 6.37 5.64
30 May 2007 6.42 5.57
6 June 2007 6.53 5.65
13 June 2007 6.74 5.75
20 June 2007 6.69 5.66
27 June 2007 6.67 5.65
4 July 2007 6.63 5.71
11 July 2007 6.73 5.71
18 July 2007 6.73 5.72
25 July 2007 6.69 5.69
1 August 2007 6.68 5.59
8 August 2007 6.59 5.65
15 August 2007 6.62 5.67
22 August 2007 6.52 5.60
29 August 2007 6.45 5.84
5 September 2007 6.46 5.74
12 September 2007 6.31 5.66
19 September 2007 6.34 5.65
26 September 2007 6.42 5.60
3 October 2007 6.37 5.58
10 October 2007 6.40 5.73
17 October 2007 6.40 5.76
24 October 2007 6.33 5.66
31 October 2007 6.26 5.57
7 November 2007 6.24 5.50
14 November 2007 6.24 5.50
21 November 2007 6.20 5.42
28 November 2007 6.10 5.43
5 December 2007 5.96 5.46
12 December 2007 6.11 5.50
19 December 2007 6.14 5.51
26 December 2007 6.17 5.53
2 January 2008 6.07 5.47
9 January 2008 5.87 5.37
16 January 2008 5.69 5.26
23 January 2008 5.48 4.99
30 January 2008 5.68 5.05
6 February 2008 5.67 5.03
13 February 2008 5.72 5.00
20 February 2008 6.04 4.98

Note: The data, which are weekly and extend through February 20, 2008, are contract rates on thirty-year mortgages.

Source: Federal Home Loan Mortgage Corporation.

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Mortgage Delinquency Rates, 2001-07


Percent
Period Prime and near prime Subprime Alt-A pools
Fixed
rate		 Adjustable rate Fixed
rate		 Adjustable rate Fixed
rate		 Adjustable rate
January 2001 0.97 1.62 6.96 9.43 1.16 1.56
February 2001 0.97 1.63 6.97 9.48 1.21 1.85
March 2001 0.94 1.59 6.84 9.28 1.24 1.72
April 2001 0.93 1.63 6.77 9.20 1.26 1.45
May 2001 0.92 1.62 7.24 9.19 1.32 1.44
June 2001 0.95 1.65 7.64 9.51 1.39 1.53
July 2001 0.98 1.68 7.70 9.67 1.45 1.44
August 2001 1.00 1.69 7.72 9.94 1.51 0.99
September 2001 1.05 1.76 8.10 10.19 1.62 0.92
October 2001 1.06 1.77 8.09 10.28 1.71 0.85
November 2001 1.09 1.80 8.29 10.50 1.84 1.72
December 2001 1.13 1.85 8.41 10.55 1.93 1.72
January 2002 1.15 1.90 8.60 10.63 1.98 1.49
February 2002 1.12 1.84 8.68 10.61 1.98 1.59
March 2002 1.06 1.74 8.45 9.95 1.97 1.41
April 2002 1.01 1.61 8.53 9.51 1.94 1.19
May 2002 1.03 1.55 8.39 9.11 1.84 1.10
June 2002 1.04 1.53 8.57 9.09 1.85 1.14
July 2002 1.04 1.47 8.60 8.94 1.84 1.09
August 2002 1.07 1.45 8.70 9.04 1.78 1.20
September 2002 1.11 1.45 8.90 9.31 1.82 1.19
October 2002 1.10 1.40 8.94 9.21 1.85 1.17
November 2002 1.14 1.40 9.03 9.23 1.96 1.25
December 2002 1.17 1.37 8.91 9.29 2.02 1.30
January 2003 1.15 1.21 8.33 9.21 2.08 1.40
February 2003 1.16 1.19 8.25 8.99 2.10 1.45
March 2003 1.10 1.13 8.18 8.70 2.12 1.38
April 2003 1.09 1.07 8.03 8.51 2.08 1.40
May 2003 1.07 1.01 7.89 8.42 2.06 1.34
June 2003 1.07 0.99 7.46 8.21 2.05 1.44
July 2003 1.09 0.96 7.10 7.76 2.04 1.45
August 2003 1.11 0.94 6.98 7.77 1.98 1.36
September 2003 1.13 0.90 6.91 7.87 1.94 1.32
October 2003 1.08 0.83 6.74 7.77 1.88 1.18
November 2003 1.12 0.84 6.77 7.80 1.90 1.19
December 2003 1.11 0.80 6.67 7.62 1.80 1.06
January 2004 1.13 0.79 6.82 7.50 1.82 1.01
February 2004 1.11 0.77 6.54 7.13 1.81 0.93
March 2004 1.05 0.70 6.33 6.89 1.70 0.81
April 2004 1.07 0.67 5.94 6.38 1.57 0.74
May 2004 1.07 0.65 5.87 6.34 1.47 0.67
June 2004 1.07 0.63 5.79 6.28 1.47 0.57
July 2004 1.08 0.62 5.81 6.16 1.38 0.47
August 2004 1.07 0.61 5.63 6.12 1.31 0.46
September 2004 1.08 0.60 5.64 6.07 1.31 0.46
October 2004 1.10 0.60 5.64 6.13 1.29 0.44
November 2004 1.12 0.60 5.83 6.20 1.31 0.47
December 2004 1.11 0.59 5.79 6.12 1.21 0.43
January 2005 1.12 0.59 5.87 6.26 1.18 0.45
February 2005 1.08 0.58 5.72 6.09 1.09 0.46
March 2005 1.00 0.54 5.47 5.73 1.00 0.45
April 2005 0.96 0.51 5.31 5.50 0.93 0.43
May 2005 0.95 0.51 5.34 5.50 0.85 0.42
June 2005 0.94 0.51 5.27 5.49 0.84 0.41
July 2005 0.94 0.53 5.32 5.63 0.84 0.43
August 2005 0.97 0.55 5.30 5.73 0.80 0.43
September 2005 0.98 0.56 5.33 5.91 0.80 0.46
October 2005 1.01 0.57 5.46 6.30 0.82 0.50
November 2005 1.13 0.64 5.77 6.79 0.96 0.60
December 2005 1.15 0.66 5.85 7.06 0.99 0.68
January 2006 1.14 0.67 5.86 7.38 0.99 0.74
February 2006 1.09 0.65 5.73 7.45 0.94 0.76
March 2006 0.98 0.60 5.36 7.12 0.88 0.73
April 2006 0.96 0.59 5.28 7.27 0.85 0.73
May 2006 0.92 0.59 5.10 7.38 0.81 0.76
June 2006 0.91 0.60 5.07 7.69 0.82 0.81
July 2006 0.92 0.62 5.08 8.16 0.86 0.89
August 2006 0.91 0.64 5.08 8.48 0.88 0.97
September 2006 0.90 0.67 5.16 8.98 0.94 1.08
October 2006 0.91 0.71 5.13 9.39 0.99 1.20
November 2006 0.92 0.76 5.21 9.98 1.07 1.38
December 2006 0.87 0.78 5.33 10.59 1.15 1.54
January 2007 0.86 0.82 5.33 10.97 1.22 1.73
February 2007 0.86 0.86 5.30 11.25 1.28 1.86
March 2007 0.81 0.86 5.12 11.26 1.31 1.98
April 2007 0.79 0.91 5.14 11.72 1.37 2.13
May 2007 0.79 0.97 5.19 12.30 1.43 2.32
June 2007 0.81 1.07 5.62 13.43 1.57 2.63
July 2007 0.85 1.20 5.84 14.63 1.73 3.06
August 2007 0.87 1.32 6.02 15.76 1.92 3.54
September 2007 0.95 1.50 6.53 17.50 2.20 4.21
October 2007 1.00 1.70 6.78 18.88 2.42 4.98
November 2007 1.07 1.97 7.22 20.65 2.78 5.84
December 2007 1.14 2.29 7.80 22.64 ND ND

Note: The data are monthly. For subprime, prime, and near-prime mortgages, the data extend through December 2007; for mortgages in alt-A pools, which are a mix of prime, near-prime, and subprime mortgages, the data extend through November 2007. For further details on the loans included in alt-A pools, refer to text. Delinquency rate is the percent of loans ninety days or more past due or in foreclosure.

Source: First American LoanPerformance.

ND No data. Return to table

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Cumulative Defaults on Subprime 2/28 Loans, by Year of Origination, 2001-07


Percent
Loan age (months) 2001-04 2005 2006 2007
0 0.00 0.00 0.00 0.00
1 0.01 0.00 0.00 0.00
2 0.06 0.04 0.09 0.32
3 0.17 0.13 0.36 1.71
4 0.34 0.36 0.91 4.42
5 0.55 0.70 1.76 8.31
6 0.80 1.08 2.74 ND
7 1.06 1.49 3.79 ND
8 1.33 1.93 4.94 ND
9 1.62 2.38 6.11 ND
10 1.91 2.86 7.31 ND
11 2.21 3.36 8.56 ND
12 2.51 3.86 9.89 ND
13 2.82 4.38 11.30 ND
14 3.12 4.91 12.83 ND
15 3.43 5.45 14.40 ND
16 3.75 6.04 16.01 ND
17 4.04 6.65 17.68 ND
18 4.35 7.28 ND ND
19 4.66 7.95 ND ND
20 4.95 8.68 ND ND
21 5.24 9.36 ND ND
22 5.54 10.05 ND ND
23 5.83 10.76 ND ND
24 6.12 11.49 ND ND
25 6.42 12.26 ND ND
26 6.72 13.09 ND ND
27 7.04 13.98 ND ND
28 7.33 14.75 ND ND
29 7.62 15.45 ND ND
30 7.89 16.02 ND ND
31 8.15 16.66 ND ND
32 8.42 ND ND ND
33 8.66 ND ND ND
34 8.89 ND ND ND
35 9.11 ND ND ND
36 9.31 ND ND ND

Note: The data are monthly and extend through November 2007. Each series represents the fraction of loans originated in the indicated year that had defaulted by the indicated loan age; for example, roughly 6 percent of all loans originated sometime in the years 2001 to 2004 had defaulted by the time they were twenty-four months old. The last nine values for the three series covering 2005-07 are based on incomplete data. A 2/28 loan is a thirty-year loan with a fixed rate for the first two years and an adjustable rate for the remaining twenty-eight years.

Source: Staff calculations based on data from First American LoanPerformance.

ND No data. Return to table

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Change in Real Income and Consumption, 2001-07


Percent, annual rate
Period Disposable personal income Personal consumption expenditures
2001 1.19 2.82
2002 2.90 1.86
2003 3.68 3.44
2004 4.10 3.65
2005 1.07 2.75
2006 3.21 3.36
2007:H1 2.28 2.55
2007:H2 2.39 2.40

Source: Department of Commerce, Bureau of Economic Analysis.

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Consumer Sentiment, 1994-2008

Data are plotted as two curves and are expressed as indexes (for the Conference Board data, 1985 = 100; for the Reuters/Michigan data, 1966 = 100). Both curves start at about 90 in 1994 and generally increase, with moderate fluctuations, until early 2000, when the Conference Board curve reaches about 145 and the Reuters/Michigan curve reaches about 110. In late 2000, both curves begin a sharp decline, which generally continues through late 2001, when the Conference Board curve reaches about 85 and the Reuters/Michigan curve about 83. Both curves then generally decline, with moderate fluctuations, until early 2003, when the Conference Board curve temporarily reaches about 60, its lowest point, and the Reuters/Michigan curve reaches about 80. From mid-2003 through 2006, each curve fluctuates moderately within a range of about 80 to 110 (for the Conference Board) or a range of about 75 to 95 (for Reuters/Michigan). From mid-2007 through early 2008, the curves decline sharply; at the start of 2008, each curve is at a value below 80.

Note: The Conference Board data are monthly and extend through February 2008. The Reuters/Michigan data are monthly and extend through a preliminary estimate for February 2008.

Source: The Conference Board and Reuters/University of Michigan Surveys of Consumers.

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Wealth-to-Income Ratio, 1984-2007

Period Ratio
1984:Q1 4.28
1984:Q2 4.22
1984:Q3 4.23
1984:Q4 4.25
1985:Q1 4.34
1985:Q2 4.33
1985:Q3 4.37
1985:Q4 4.48
1986:Q1 4.56
1986:Q2 4.63
1986:Q3 4.59
1986:Q4 4.70
1987:Q1 4.84
1987:Q2 4.94
1987:Q3 4.93
1987:Q4 4.69
1988:Q1 4.71
1988:Q2 4.74
1988:Q3 4.71
1988:Q4 4.71
1989:Q1 4.70
1989:Q2 4.77
1989:Q3 4.86
1989:Q4 4.85
1990:Q1 4.73
1990:Q2 4.72
1990:Q3 4.57
1990:Q4 4.65
1991:Q1 4.77
1991:Q2 4.71
1991:Q3 4.73
1991:Q4 4.79
1992:Q1 4.70
1992:Q2 4.63
1992:Q3 4.64
1992:Q4 4.67
1993:Q1 4.79
1993:Q2 4.74
1993:Q3 4.81
1993:Q4 4.80
1994:Q1 4.80
1994:Q2 4.73
1994:Q3 4.74
1994:Q4 4.70
1995:Q1 4.76
1995:Q2 4.87
1995:Q3 4.97
1995:Q4 5.03
1996:Q1 5.06
1996:Q2 5.09
1996:Q3 5.10
1996:Q4 5.20
1997:Q1 5.17
1997:Q2 5.41
1997:Q3 5.53
1997:Q4 5.52
1998:Q1 5.69
1998:Q2 5.70
1998:Q3 5.40
1998:Q4 5.70
1999:Q1 5.76
1999:Q2 5.91
1999:Q3 5.76
1999:Q4 6.15
2000:Q1 6.10
2000:Q2 5.96
2000:Q3 5.88
2000:Q4 5.66
2001:Q1 5.38
2001:Q2 5.52
2001:Q3 5.11
2001:Q4 5.37
2002:Q1 5.26
2002:Q2 5.02
2002:Q3 4.81
2002:Q4 4.93
2003:Q1 4.88
2003:Q2 5.05
2003:Q3 5.06
2003:Q4 5.29
2004:Q1 5.29
2004:Q2 5.30
2004:Q3 5.28
2004:Q4 5.39
2005:Q1 5.44
2005:Q2 5.48
2005:Q3 5.58
2005:Q4 5.59
2006:Q1 5.65
2006:Q2 5.61
2006:Q3 5.65
2006:Q4 5.73
2007:Q1 5.68
2007:Q2 5.74
2007:Q3 5.72

Note: The data are quarterly and extend through 2007:Q3. The wealth-to-income ratio is the ratio of household net worth to disposable personal income.

Source: For net worth, Federal Reserve Board, flow of funds data; for income, Department of Commerce, Bureau of Economic Analysis.

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Personal Saving Rate, 1984-2007


Percent
Period Personal saving rate
1984:Q1 10.3
1984:Q2 10.6
1984:Q3 11.3
1984:Q4 11.0
1985:Q1 9.4
1985:Q2 10.2
1985:Q3 7.9
1985:Q4 8.6
1986:Q1 8.9
1986:Q2 8.9
1986:Q3 7.8
1986:Q4 7.2
1987:Q1 8.0
1987:Q2 5.8
1987:Q3 6.5
1987:Q4 7.5
1988:Q1 7.2
1988:Q2 7.4
1988:Q3 7.4
1988:Q4 7.1
1989:Q1 7.9
1989:Q2 7.1
1989:Q3 6.7
1989:Q4 6.8
1990:Q1 7.0
1990:Q2 7.2
1990:Q3 6.9
1990:Q4 6.9
1991:Q1 7.3
1991:Q2 7.2
1991:Q3 7.0
1991:Q4 7.6
1992:Q1 7.7
1992:Q2 7.9
1992:Q3 7.3
1992:Q4 7.8
1993:Q1 5.7
1993:Q2 6.2
1993:Q3 5.4
1993:Q4 5.9
1994:Q1 4.1
1994:Q2 5.1
1994:Q3 4.9
1994:Q4 5.3
1995:Q1 5.7
1995:Q2 4.7
1995:Q3 4.2
1995:Q4 4.0
1996:Q1 4.2
1996:Q2 3.9
1996:Q3 4.1
1996:Q4 3.8
1997:Q1 3.6
1997:Q2 3.9
1997:Q3 3.4
1997:Q4 3.7
1998:Q1 4.7
1998:Q2 4.5
1998:Q3 4.3
1998:Q4 3.8
1999:Q1 3.6
1999:Q2 2.2
1999:Q3 1.7
1999:Q4 1.9
2000:Q1 2.4
2000:Q2 2.4
2000:Q3 2.6
2000:Q4 1.9
2001:Q1 1.9
2001:Q2 1.2
2001:Q3 3.4
2001:Q4 0.5
2002:Q1 2.9
2002:Q2 2.8
2002:Q3 2.0
2002:Q4 1.8
2003:Q1 1.9
2003:Q2 2.2
2003:Q3 2.3
2003:Q4 2.2
2004:Q1 2.1
2004:Q2 2.0
2004:Q3 1.8
2004:Q4 2.5
2005:Q1 1.0
2005:Q2 0.8
2005:Q3 -0.5
2005:Q4 0.8
2006:Q1 0.9
2006:Q2 0.3
2006:Q3 0.0
2006:Q4 0.4
2007:Q1 1.0
2007:Q2 0.3
2007:Q3 0.6
2007:Q4 0.2

Note: The data are quarterly and extend through 2007:Q4.

Source: Department of Commerce, Bureau of Economic Analysis.

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Household Financial Obligations Ratio, 1992-2007


Percent
Period Household financial
obligations ratio
1992:Q1 16.6837
1992:Q2 16.5349
1992:Q3 16.3898
1992:Q4 16.1607
1993:Q1 16.4665
1993:Q2 16.2231
1993:Q3 16.3288
1993:Q4 16.2064
1994:Q1 16.5133
1994:Q2 16.4761
1994:Q3 16.5922
1994:Q4 16.6659
1995:Q1 16.9005
1995:Q2 17.1798
1995:Q3 17.3625
1995:Q4 17.4643
1996:Q1 17.4394
1996:Q2 17.4998
1996:Q3 17.5985
1996:Q4 17.7022
1997:Q1 17.6777
1997:Q2 17.7349
1997:Q3 17.7477
1997:Q4 17.6857
1998:Q1 17.5024
1998:Q2 17.5046
1998:Q3 17.4690
1998:Q4 17.5044
1999:Q1 17.6259
1999:Q2 17.8001
1999:Q3 17.9539
1999:Q4 17.8851
2000:Q1 17.6719
2000:Q2 17.8543
2000:Q3 17.9525
2000:Q4 18.2493
2001:Q1 18.3694
2001:Q2 18.6148
2001:Q3 18.3531
2001:Q4 18.8955
2002:Q1 18.6038
2002:Q2 18.6314
2002:Q3 18.8094
2002:Q4 18.8895
2003:Q1 18.8440
2003:Q2 18.7207
2003:Q3 18.5264
2003:Q4 18.5790
2004:Q1 18.4853
2004:Q2 18.4663
2004:Q3 18.6374
2004:Q4 18.4898
2005:Q1 18.8695
2005:Q2 18.9533
2005:Q3 19.1461
2005:Q4 19.0582
2006:Q1 19.0914
2006:Q2 19.2739
2006:Q3 19.4293
2006:Q4 19.4864
2007:Q1 19.2770
2007:Q2 19.3452
2007:Q3 19.3224

Note: The data are quarterly and extend through 2007:Q3. The financial obligations ratio equals the sum of required payments on mortgage and consumer debt, automobile leases, rent on tenant-occupied property, homeowner's insurance, and property taxes, all divided by disposable personal income.

Source: Federal Reserve Board.

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Delinquency Rates on Consumer Loans, 1996-2007


Percent
Period Other loans Credit cards
1996:Q1 2.8677 4.0354
1996:Q2 2.9489 4.2598
1996:Q3 3.0420 4.4604
1996:Q4 3.0594 4.5917
1997:Q1 3.1000 4.6809
1997:Q2 3.0968 4.7190
1997:Q3 3.0458 4.6810
1997:Q4 3.0685 4.7845
1998:Q1 3.0849 4.7433
1998:Q2 3.1394 4.7446
1998:Q3 3.1511 4.7054
1998:Q4 3.1270 4.6994
1999:Q1 3.2453 4.6406
1999:Q2 3.1582 4.4665
1999:Q3 3.0205 4.5400
1999:Q4 2.9458 4.5032
2000:Q1 2.9192 4.3898
2000:Q2 2.9437 4.5067
2000:Q3 2.9813 4.5295
2000:Q4 3.0498 4.5585
2001:Q1 2.9715 4.8054
2001:Q2 2.9709 4.9515
2001:Q3 3.0920 4.9999
2001:Q4 3.0691 4.6842
2002:Q1 2.8722 4.9390
2002:Q2 2.8343 4.7906
2002:Q3 2.7912 4.8924
2002:Q4 2.6956 4.8397
2003:Q1 2.7917 4.6790
2003:Q2 2.6976 4.5324
2003:Q3 2.6038 4.2340
2003:Q4 2.6054 4.4227
2004:Q1 2.5229 4.2129
2004:Q2 2.5290 4.1547
2004:Q3 2.4712 4.0647
2004:Q4 2.3272 4.0192
2005:Q1 2.3792 3.7199
2005:Q2 2.3332 3.6739
2005:Q3 2.1431 3.8811
2005:Q4 2.1053 3.5159
2006:Q1 2.1085 3.9022
2006:Q2 2.1694 4.1445
2006:Q3 2.2829 4.0818
2006:Q4 2.2660 3.9215
2007:Q1 2.2955 4.0577
2007:Q2 2.3685 4.0286
2007:Q3 2.4812 4.3377
2007:Q4 2.6531 4.5471

Note: The data are quarterly and extend through 2007:Q4. Delinquency rate is the percent of loans thirty days or more past due.

Source: Federal Financial Institutions Examination Council, Consolidated Reports of Condition and Income (Call Report).

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Change in Real Business Fixed Investment, 2001-07


Percent, annual rate
Period Structures Equipment and software High-tech equipment and software Other equipment excluding transportation
2001 -11.15 -9.00 -10.61 -9.29
2002 -14.87 -3.37 -3.69 1.42
2003 0.22 6.63 14.87 4.71
2004 2.27 9.40 6.12 5.59
2005 -0.35 7.09 9.43 7.68
2006 12.33 2.52 5.77 -0.49
2007:H1 15.87 2.50 15.04 0.01
2007:H2 16.05 4.98 10.18 3.18

Note: High-tech equipment consists of computers and peripheral equipment and communications equipment.

Source: Department of Commerce, Bureau of Economic Analysis.

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Change in Real Business Inventories, 2001-07


Billions of chained (2000) dollars, annual rate
Period Real business inventories
2001 -31.72
2002 12.48
2003 14.28
2004 54.28
2005 33.24
2006 40.29
2007:H1 2.93
2007:H2 13.62

Source: Department of Commerce, Bureau of Economic Analysis.

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Before-Tax Profits of Nonfinancial Corporations as a Percent of Sector GDP, 1979-2007


Percent
Period Before-tax profits as percent of sector GDP
1979:Q1 11.3197
1979:Q2 10.8000
1979:Q3 10.1607
1979:Q4 9.8025
1980:Q1 9.3469
1980:Q2 7.8186
1980:Q3 8.3158
1980:Q4 9.1519
1981:Q1 9.5857
1981:Q2 9.4324
1981:Q3 10.2591
1981:Q4 9.1373
1982:Q1 8.3692
1982:Q2 8.7584
1982:Q3 8.6430
1982:Q4 7.8584
1983:Q1 8.7806
1983:Q2 9.9052
1983:Q3 10.5114
1983:Q4 10.6281
1984:Q1 11.6447
1984:Q2 11.7247
1984:Q3 11.2248
1984:Q4 11.1807
1985:Q1 10.8544
1985:Q2 10.5107
1985:Q3 11.2026
1985:Q4 10.2276
1986:Q1 9.6922
1986:Q2 9.3796
1986:Q3 9.0829
1986:Q4 9.0679
1987:Q1 9.3218
1987:Q2 10.0450
1987:Q3 10.7255
1987:Q4 10.4853
1988:Q1 10.9826
1988:Q2 10.9362
1988:Q3 10.9147
1988:Q4 11.3468
1989:Q1 10.2028
1989:Q1 9.8770
1989:Q3 9.6798
1989:Q4 9.1143
1990:Q1 9.2298
1990:Q2 9.6185
1990:Q3 8.7834
1990:Q4 8.4458
1991:Q1 8.6089
1991:Q2 8.4916
1991:Q3 8.3763
1991:Q4 8.2748
1992:Q1 8.7023
1992:Q2 9.0096
1992:Q3 8.5013
1992:Q4 9.5235
1993:Q1 9.1581
1993:Q2 9.9468
1993:Q3 9.8651
1993:Q4 10.9157
1994:Q1 10.3911
1994:Q2 11.3479
1994:Q3 11.5658
1994:Q4 11.9846
1995:Q1 11.3270
1995:Q2 11.2968
1995:Q3 11.9980
1995:Q4 12.0109
1996:Q1 12.5862
1996:Q2 12.7069
1996:Q3 12.7084
1996:Q4 12.9165
1997:Q1 12.8845
1997:Q2 12.9256
1997:Q3 13.3702
1997:Q4 12.9189
1998:Q1 11.7932
1998:Q2 11.5468
1998:Q3 11.7851
1998:Q4 11.1433
1999:Q1 11.2163
1999:Q2 11.2425
1999:Q3 10.6166
1999:Q4 10.3750
2000:Q1 9.5838
2000:Q2 9.6441
2000:Q3 8.9046
2000:Q4 8.0321
2001:Q1 7.2280
2001:Q2 7.1350
2001:Q3 6.4616
2001:Q4 6.1576
2002:Q1 7.0120
2002:Q2 7.7173
2002:Q3 8.1830
2002:Q4 9.0272
2003:Q1 8.3284
2003:Q2 8.5398
2003:Q3 9.0758
2003:Q4 9.4401
2004:Q1 10.7869
2004:Q2 11.5274
2004:Q3 11.8620
2004:Q4 11.5713
2005:Q1 11.7220
2005:Q2 12.4010
2005:Q3 11.2154
2005:Q4 12.0762
2006:Q1 12.3638
2006:Q2 12.3115
2006:Q3 12.8569
2006:Q4 11.1707
2007:Q1 11.3777
2007:Q2 11.6225
2007:Q3 11.3333

Note: The data are quarterly and extend through 2007:Q3. Profits are from domestic operations of nonfinancial corporations, with inventory valuation and capital consumption adjustments.

Source: Department of Commerce, Bureau of Economic Analysis.

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Selected components of net financing for nonfinancial corporate businesses, 2003-07

Data are plotted as stacked bars and are expressed in billions of dollars at an annual rate. The bars are semiannual for 2003 through 2006 and quarterly for 2007. The stacked bars denote changes in net financing from commercial paper, bonds, and bank loans. Net financing from bonds is the largest of the three components in most years, followed by net financing from bank loans, and then commercial paper. The bond component is large in the first half of 2003, moderately positive over the next 2-½ years, and then large again for the remaining periods starting in the first half of 2006. Net financing from bank loans is moderately negative in the two halves of 2003, near zero in the two halves of 2004, and then moderately positive through the second quarter of 2007. It increases significantly in the third and fourth quarters of 2007, when it accounts for almost half of the total net financing. Net financing from commercial paper is very small or nonexistent in all periods. It fluctuates between positive and negative values until becoming virtually zero in the fourth quarter of 2007.

Note: The data for the components except bonds are seasonally adjusted. The data for 2007:Q4 are estimated.

Source: Federal Reserve Board, flow of funds data.

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Net Percentage of Domestic Banks Tightening Standards and Increasing Spreads on Commercial and Industrial Loans to Large and Medium-Sized Borrowers, 1992-2008


Percent
Period Standards Spreads
1992:Q1 5.25 11.35
1992:Q2 0.90 11.65
1992:Q3 -1.70 0.00
1992:Q4 4.35 -3.60
1993:Q1 2.65 -0.90
1993:Q2 -7.85 -23.65
1993:Q3 -19.45 -39.35
1993:Q4 -17.75 -55.90
1994:Q1 -12.95 -46.55
1994:Q2 -12.20 -58.30
1994:Q3 -6.95 -52.20
1994:Q4 -17.40 -46.10
1995:Q1 -6.85 -44.45
1995:Q2 -5.90 -52.10
1995:Q3 -6.05 -45.70
1995:Q4 -3.45 -33.70
1996:Q1 6.95 -30.65
1996:Q2 -0.90 -36.10
1996:Q3 -3.70 -28.75
1996:Q4 -7.80 -34.55
1997:Q1 -5.45 -33.25
1997:Q2 -6.95 -32.45
1997:Q3 -5.70 -38.50
1997:Q4 -7.00 -40.40
1998:Q1 1.80 -25.40
1998:Q2 -7.10 -34.00
1998:Q3 0.00 -14.30
1998:Q4 36.40 47.30
1999:Q1 7.40 31.40
1999:Q2 10.00 7.10
1999:Q3 5.40 21.50
1999:Q4 9.10 23.60
2000:Q1 10.90 25.00
2000:Q2 24.60 35.20
2000:Q3 33.90 35.80
2000:Q4 43.80 54.40
2001:Q1 59.70 57.10
2001:Q2 50.90 44.40
2001:Q3 40.40 50.80
2001:Q4 50.90 58.90
2002:Q1 45.40 40.00
2002:Q2 25.00 23.70
2002:Q3 21.40 41.10
2002:Q4 20.00 29.10
2003:Q1 22.00 27.10
2003:Q2 8.90 14.60
2003:Q3 3.50 -12.30
2003:Q4 0.00 -13.80
2004:Q1 -17.90 -26.80
2004:Q2 -23.20 -39.30
2004:Q3 -20.00 -30.80
2004:Q4 -21.10 -50.00
2005:Q1 -23.60 -45.50
2005:Q2 -24.10 -70.40
2005:Q3 -16.70 -46.30
2005:Q4 -8.80 -45.60
2006:Q1 -10.70 -42.50
2006:Q2 -12.30 -59.70
2006:Q3 -8.90 -41.80
2006:Q4 0.00 -29.60
2007:Q1 0.00 -44.60
2007:Q2 -3.70 -52.80
2007:Q3 7.50 -32.10
2007:Q4 19.20 34.60
2008:Q1 32.20 43.60

Note: The data are drawn from a survey generally conducted four times per year; the last observation is from the January 2008 survey, which covers 2007:Q4. Net percentage is the percentage of banks reporting a tightening of standards or an increase in spreads less the percentage reporting an easing or a decrease. Spreads are measured as the loan rate less the bank's cost of funds. The definition for firm size suggested for, and generally used by, survey respondents is that large and medium-sized firms have annual sales of $50 million or more.

Source: Federal Reserve Board, Senior Loan Officer Opinion Survey on Bank Lending Practices.

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Financing Gap and Net Equity Retirement at Nonfinancial Corporations, 1992-2007

Figure of financing gap and net equity retirement at nonfinancial corporations, 1992-2007. Data are plotted as two curves. The financing gap starts at around $20 billion in 1992 and remains fairly steady through 1996. It then begins rising fairly steadily, reaching $310 billion in 2000. Through 2001 and 2002, the financing gap declines sharply, reaching about $20 billion in 2002 and remains fairly steady through 2004. It then drops again in 2005 to around -$110 billion and then rises again over the next two years, reaching nearly $250 billion in 2007. Net equity retirement starts at around -$30 billion in 1992 and remains fairly steady through 1996, when it begins to rise over the next years, reaching around $215 billion in 1998. It declines fairly steadily, reaching about $42 billion in 2001 and then begins to increase sharply, reaching nearly $840 billion in 2007.

Note: The data are annual; the observations for 2007 are based on partially estimated data. The financing gap is the difference between capital expenditures and internally generated funds, adjusted for inventory valuation. Net equity retirement is the difference between equity retired through share repurchases, domestic cash-financed mergers, or foreign takeovers of U.S. firms and equity issued by domestic companies in public or private markets. Equity issuance includes funds invested by private equity partnerships and stock option proceeds.

Source: Federal Reserve Board, flow of funds data.

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Default Rate on Outstanding Corporate Bonds, 1992-2008

Figure of default rate on outstanding corporate bonds, 1992-2008. Data are plotted as a curve. The default rate is about 1 percent in the beginning of 1992, falls to near zero in the middle of that year, and then fluctuates at low levels well below 1 percent through 1998. The default rate generally begins to rise in 1999, reaching a peak of nearly 4 percent in 2002, and then generally falls back to near zero by 2004. It then rises and falls several times in 2005, peaking at just over 1 percent in late 2005, and falls to near zero by the middle of 2006. It remained near zero through January 2008.

Note: The data are monthly and extend through January 2008. The rate for a given month is the face value of the bonds that defaulted in the six months ending that month, multiplied by 2 to annualize the defaults and then divided by the face value of all bonds outstanding at the end of the calendar quarter immediately preceding the six-month period.

Source: Moody's Investor Service.

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Net Interest Payments of Nonfinancial Corporations as a Percent of Cash Flow, 1979-2007


Percent
Period Net interest payments of
nonfinancial corporations
as a percent of cash flow
1979:Q1 11.3582
1979:Q2 11.9146
1979:Q3 12.5580
1979:Q4 13.5905
1980:Q1 14.7332
1980:Q2 15.7620
1980:Q3 15.1523
1980:Q4 15.3284
1981:Q1 14.6709
1981:Q2 15.4650
1981:Q3 16.0116
1981:Q4 16.8087
1982:Q1 17.8120
1982:Q2 17.6627
1982:Q3 17.2702
1982:Q4 17.5771
1983:Q1 16.8265
1983:Q2 15.6111
1983:Q3 15.3915
1983:Q4 15.4429
1984:Q1 14.5532
1984:Q2 14.9079
1984:Q3 15.6914
1984:Q4 15.7134
1985:Q1 15.9101
1985:Q2 15.8990
1985:Q3 14.9486
1985:Q4 15.8074
1986:Q1 16.5564
1986:Q2 16.7697
1986:Q3 16.7009
1986:Q4 16.3867
1987:Q1 15.9969
1987:Q2 15.4225
1987:Q3 15.0933
1987:Q4 15.4799
1988:Q1 15.1779
1988:Q2 15.3289
1988:Q3 15.9784
1988:Q4 16.4130
1989:Q1 18.6821
1989:Q2 19.5375
1989:Q3 19.8354
1989:Q4 20.1310
1990:Q1 19.8822
1990:Q2 19.4174
1990:Q3 19.9267
1990:Q4 19.8486
1991:Q1 19.2772
1991:Q2 18.7431
1991:Q3 18.2485
1991:Q4 17.2842
1992:Q1 16.0683
1992:Q2 15.0033
1992:Q3 14.4017
1992:Q4 13.6087
1993:Q1 13.9571
1993:Q2 12.9186
1993:Q3 12.3744
1993:Q4 11.5916
1994:Q1 10.9706
1994:Q2 10.9088
1994:Q3 11.1828
1994:Q4 11.3693
1995:Q1 12.0695
1995:Q2 12.0417
1995:Q3 11.5061
1995:Q4 11.3108
1996:Q1 10.4504
1996:Q2 10.4061
1996:Q3 10.4188
1996:Q4 10.4879
1997:Q1 10.6701
1997:Q2 10.5994
1997:Q3 10.4937
1997:Q4 10.8240
1998:Q1 11.7535
1998:Q2 12.2329
1998:Q3 12.3097
1998:Q4 12.6337
1999:Q1 12.4546
1999:Q2 12.6953
1999:Q3 13.3514
1999:Q4 13.9454
2000:Q1 14.9045
2000:Q2 15.0720
2000:Q3 15.7560
2000:Q4 16.3252
2001:Q1 16.7931
2001:Q2 16.9326
2001:Q3 16.7212
2001:Q4 17.1160
2002:Q1 15.5059
2002:Q2 13.7532
2002:Q3 12.8620
2002:Q4 12.0027
2003:Q1 13.1431
2003:Q2 12.1375
2003:Q3 11.1963
2003:Q4 10.4899
2004:Q1 9.7867
2004:Q2 9.4698
2004:Q3 8.8228
2004:Q4 8.8152
2005:Q1 8.7067
2005:Q2 8.1519
2005:Q3 7.9357
2005:Q4 7.8819
2006:Q1 7.7448
2006:Q2 7.8478
2006:Q3 7.4390
2006:Q4 7.9486
2007:Q1 7.9420
2007:Q2 7.8172
2007:Q3 7.9075

Note: The data are quarterly and extend through 2007:Q3.

Source: Department of Commerce, Bureau of Economic Analysis.

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Delinquency Rates on Commercial Real Estate Loans at Banks, 1991-2007


Percent
Period Multifamily and nonfarm nonresidential Construction and land development
1991:Q1 19.8121 18.0026
1991:Q2 19.3629 18.8983
1991:Q3 18.4080 18.5388
1991:Q4 17.4837 18.6303
1992:Q1 16.6608 18.3841
1992:Q2 15.8960 18.1165
1992:Q3 15.7581 18.2053
1992:Q4 15.0364 17.4026
1993:Q1 14.3163 15.0267
1993:Q2 13.3395 14.0212
1993:Q3 12.6674 12.2486
1993:Q4 11.0814 10.8098
1994:Q1 10.4199 9.5509
1994:Q2 9.4870 7.9857
1994:Q3 8.4078 7.3994
1994:Q4 8.2369 5.9620
1995:Q1 8.2272 5.5340
1995:Q2 8.0661 5.0379
1995:Q3 7.8136 4.8186
1995:Q4 6.1451 4.2980
1996:Q1 6.0579 4.1107
1996:Q2 5.7329 3.8694
1996:Q3 5.5905 3.3542
1996:Q4 5.2745 3.0355
1997:Q1 4.7136 3.0539
1997:Q2 4.4465 2.4215
1997:Q3 4.2578 2.4588
1997:Q4 4.1153 2.4738
1998:Q1 3.8320 2.4080
1998:Q2 3.7335 2.3886
1998:Q3 3.5976 2.2931
1998:Q4 3.5286 2.3781
1999:Q1 3.8906 2.1926
1999:Q2 3.2088 2.0192
1999:Q3 2.5984 1.7424
1999:Q4 2.3890 1.6730
2000:Q1 2.3539 1.8989
2000:Q2 2.2787 1.7484
2000:Q3 2.3773 1.8567
2000:Q4 2.4116 1.8826
2001:Q1 2.5147 1.9339
2001:Q2 2.7149 2.0928
2001:Q3 3.0416 2.3546
2001:Q4 3.0033 2.3264
2002:Q1 2.7350 2.1618
2002:Q2 2.6061 2.1749
2002:Q3 2.4775 2.0801
2002:Q4 2.4231 1.8723
2003:Q1 2.5358 1.9078
2003:Q2 2.5524 1.7760
2003:Q3 2.3881 1.5925
2003:Q4 2.2935 1.4084
2004:Q1 1.9858 1.2149
2004:Q2 2.1252 1.2140
2004:Q3 2.0649 1.0766
2004:Q4 1.8815 1.0199
2005:Q1 2.0414 1.0199
2005:Q2 1.9122 0.9632
2005:Q3 1.9734 0.9852
2005:Q4 1.9081 0.9674
2006:Q1 1.9281 0.9665
2006:Q2 1.9563 1.0091
2006:Q3 2.1232 1.2476
2006:Q4 2.4148 1.6229
2007:Q1 2.6221 1.8301
2007:Q2 2.8803 2.3947
2007:Q3 2.9092 3.1270
2007:Q4 3.3286 4.6812

Note: The data are quarterly and extend through 2007:Q4. Delinquency rate is the percent of loans thirty days or more past due or not accruing interest.

Source: Federal Financial Institutions Examination Council, Consolidated Reports of Condition and Income (Call Report).

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Ten-Year Investment-Grade Commercial Mortgage-Backed Securities Over Swaps, by Securities Rating, 1997-2008

Figure of spreads of ten-year investment-grade commercial mortgage-backed securities over swaps, by securities rating, 1997-2008. Data are plotted as two curves. The spread over swaps of securities rated AAA holds in a tight range of about 20 basis points to 40 basis points from the beginning of 1997 through the end of August 1998. It then begins to widen, reaching a peak of about 110 basis points in mid-October 1998. It then falls back and fluctuates within a relatively narrow range of about 20 basis points to about 75 basis points between the end of 1998 and mid-July of 2007. It then begins to widen again, reaching a peak of about 280 basis points in mid-February of 2008. The spread over swaps of securities rated BBB starts in 1997 at about 80 basis points, generally narrows to about 40 basis points in mid-1997, and then rises to nearly 100 basis points by early 1998. It widens sharply in mid-1998, reaching a peak of more than 250 basis points in early November 1998. It then narrows to about 110 basis points by mid-1999 and fluctuates within a wide range of about 60 basis points to roughly 200 basis points through June 2007. The spread rises significantly in July and August 2007 and varies within an elevated range through October, when the spread rises significantly again and reaches a peak of about 1250 basis points in mid-February of 2008.

Note: The data are weekly and extend through February 20, 2008.

Source: Bloomberg.

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Federal Receipts and Expenditures, 1987-2007


Percent of nominal GDP
Period Receipts Expenditures Expenditures
excluding net interest
1987 18.36 21.57 18.59
1988 18.14 21.24 18.21
1989 18.35 21.18 18.05
1990 17.99 21.84 18.63
1991 17.78 22.32 19.04
1992 17.49 22.14 18.95
1993 17.55 21.43 18.41
1994 18.07 20.99 18.08
1995 18.46 20.69 17.53
1996 18.88 20.27 17.14
1997 19.29 19.56 16.58
1998 19.96 19.16 16.36
1999 20.02 18.65 16.13
2000 20.86 18.43 16.13
2001 19.80 18.52 16.47
2002 17.86 19.38 17.73
2003 16.50 19.99 18.58
2004 16.35 19.93 18.54
2005 17.59 20.19 18.69
2006 18.48 20.39 18.65
2007 18.79 19.97 18.24

Note: The receipts and expenditures data are on a unified-budget basis and are for fiscal years (October through September); GDP is for the four quarters ending in Q3.

Source: Office of Management and Budget.

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Change in Real Government Expenditures on Consumption and Investment, 2001-07


Percent
Period Federal State and local
2001 6.42 4.22
2002 7.83 2.10
2003 5.54 -0.38
2004 2.43 -0.37
2005 1.33 0.66
2006 3.69 1.84
2007 1.62 2.98

Source: Department of Commerce, Bureau of Economic Analysis.

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Federal Government Debt held by the Public, 1960-2007

Figure of federal government debt held by the public, 1960-2007. Data are plotted as a curve and are expressed as a percent of nominal GDP. The curve starts in 1960 at about 45 percent and generally declines until 1974, when it reaches a value of just less than 25 percent. The curve then generally rises and reaches a peak of almost 50 percent in 1993; it declines until 2001, when it reaches a value of just less than 35 percent. The curve then generally rises, reaching a little more than 35 percent in 2007.

Note: The data for debt are as of year-end; the observation for 2007 is an estimate. The corresponding values for GDP are for Q4 at an annual rate. Excludes securities held as investments of federal government accounts.

Source: Federal Reserve Board, flow of funds data.

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State and Local Government Net Saving, 1987-2007


Percent of nominal GDP
Period Nonfederal saving
1987:Q1 0.13
1987:Q2 0.41
1987:Q3 0.25
1987:Q4 0.25
1988:Q1 0.27
1988:Q2 0.26
1988:Q3 0.41
1988:Q4 0.45
1989:Q1 0.49
1989:Q2 0.50
1989:Q3 0.41
1989:Q4 0.12
1990:Q1 0.28
1990:Q2 0.17
1990:Q3 0.10
1990:Q4 -0.05
1991:Q1 -0.12
1991:Q2 -0.10
1991:Q3 0.00
1991:Q4 -0.05
1992:Q1 0.00
1992:Q2 0.03
1992:Q3 -0.06
1992:Q4 0.07
1993:Q1 -0.15
1993:Q2 -0.03
1993:Q3 -0.01
1993:Q4 0.23
1994:Q1 0.06
1994:Q2 0.09
1994:Q3 0.25
1994:Q4 0.19
1995:Q1 0.14
1995:Q2 0.01
1995:Q3 0.18
1995:Q4 0.32
1996:Q1 0.31
1996:Q2 0.28
1996:Q3 0.35
1996:Q4 0.38
1997:Q1 0.36
1997:Q2 0.44
1997:Q3 0.53
1997:Q4 0.54
1998:Q1 0.56
1998:Q2 0.54
1998:Q3 0.56
1998:Q4 0.70
1999:Q1 0.54
1999:Q2 0.49
1999:Q3 0.56
1999:Q4 0.58
2000:Q1 0.58
2000:Q2 0.60
2000:Q3 0.49
2000:Q4 0.35
2001:Q1 0.32
2001:Q2 0.25
2001:Q3 -0.08
2001:Q4 -0.30
2002:Q1 -0.34
2002:Q2 -0.34
2002:Q3 -0.30
2002:Q4 -0.33
2003:Q1 -0.57
2003:Q2 -0.25
2003:Q3 -0.07
2003:Q4 0.13
2004:Q1 -0.07
2004:Q2 -0.02
2004:Q3 -0.10
2004:Q4 0.24
2005:Q1 0.26
2005:Q2 0.21
2005:Q3 0.04
2005:Q4 -0.02
2006:Q1 0.27
2006:Q2 0.32
2006:Q3 0.09
2006:Q4 0.06
2007:Q1 -0.04
2007:Q2 0.10
2007:Q3 -0.09

Note: The data, which are quarterly, are on a national income and product account basis and extend through 2007:Q3.

Source: Department of Commerce, Bureau of Economic Analysis.

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Net Saving, 1987-2007


Percent of nominal GDP
Period Nonfederal saving Federal saving Total
1987:Q1 8.33 -3.91 4.40
1987:Q2 7.29 -2.69 4.60
1987:Q3 7.83 -2.82 5.00
1987:Q4 8.59 -2.85 5.70
1988:Q1 8.71 -2.88 5.80
1988:Q2 8.85 -2.59 6.20
1988:Q3 8.95 -2.49 6.40
1988:Q4 8.91 -2.60 6.30
1989:Q1 8.80 -2.08 6.70
1989:Q2 8.01 -2.36 5.70
1989:Q3 7.50 -2.52 5.00
1989:Q4 7.13 -2.52 4.60
1990:Q1 7.59 -2.95 4.70
1990:Q2 7.92 -2.96 5.00
1990:Q3 7.03 -2.82 4.20
1990:Q4 7.10 -3.13 4.00
1991:Q1 7.79 -2.69 5.10
1991:Q2 7.43 -3.55 3.90
1991:Q3 7.24 -3.85 3.40
1991:Q4 7.69 -4.14 3.60
1992:Q1 8.40 -4.66 3.80
1992:Q2 8.47 -4.64 3.90
1992:Q3 7.07 -4.95 2.10
1992:Q4 7.26 -4.52 2.80
1993:Q1 7.47 -4.60 2.90
1993:Q2 7.12 -4.05 3.10
1993:Q3 6.48 -4.11 2.40
1993:Q4 6.56 -3.69 2.90
1994:Q1 5.78 -3.36 2.50
1994:Q2 6.37 -2.71 3.70
1994:Q3 6.49 -2.97 3.60
1994:Q4 6.75 -2.98 3.80
1995:Q1 7.22 -2.95 4.30
1995:Q2 6.62 -2.66 4.00
1995:Q3 6.76 -2.67 4.10
1995:Q4 6.61 -2.38 4.30
1996:Q1 6.80 -2.39 4.40
1996:Q2 6.50 -1.84 4.70
1996:Q3 6.59 -1.69 4.90
1996:Q4 6.46 -1.36 5.10
1997:Q1 6.40 -1.10 5.30
1997:Q2 6.70 -0.84 5.90
1997:Q3 6.54 -0.42 6.10
1997:Q4 6.49 -0.35 6.10
1998:Q1 6.43 0.15 6.60
1998:Q2 6.08 0.33 6.40
1998:Q3 6.05 0.69 6.70
1998:Q4 5.68 0.59 6.20
1999:Q1 6.04 0.88 6.90
1999:Q2 5.00 1.14 6.10
1999:Q3 4.51 1.16 5.60
1999:Q4 4.73 1.29 6.00
2000:Q1 4.35 2.21 6.40
2000:Q2 4.22 1.85 6.00
2000:Q3 4.10 1.94 5.90
2000:Q4 3.38 1.73 5.00
2001:Q1 3.47 1.56 4.90
2001:Q2 3.06 1.22 4.20
2001:Q3 3.98 -0.87 3.10
2001:Q4 2.50 -0.05 2.40
2002:Q1 4.47 -2.02 2.40
2002:Q2 4.47 -2.31 2.10
2002:Q3 3.93 -2.35 1.60
2002:Q4 4.14 -2.78 1.40
2003:Q1 3.51 -2.71 0.80
2003:Q2 4.35 -3.37 1.00
2003:Q3 5.00 -4.07 0.90
2003:Q4 5.14 -3.40 1.70
2004:Q1 5.17 -3.60 1.60
2004:Q2 4.91 -3.22 1.70
2004:Q3 4.29 -3.07 1.20
2004:Q4 4.56 -2.81 1.70
2005:Q1 4.46 -2.45 2.00
2005:Q2 4.19 -2.33 1.80
2005:Q3 2.14 -3.14 -1.00
2005:Q4 3.51 -2.31 1.20
2006:Q1 4.01 -1.69 2.30
2006:Q2 3.82 -1.82 2.00
2006:Q3 3.18 -1.80 1.40
2006:Q4 3.30 -1.36 1.90
2007:Q1 3.15 -1.61 1.50
2007:Q2 3.17 -1.50 1.70
2007:Q3 2.96 -1.66 1.30

Note: The data are quarterly and extend through 2007:Q3. Nonfederal saving is the sum of personal and net business saving and the net saving of state and local governments.

Source: Department of Commerce, Bureau of Economic Analysis.

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Change in Real Imports and Exports of Goods and Services, 1999-2007


Percent
Period Imports Exports
1999 12.1 5.6
2000 11.2 6.5
2001 -7.6 -11.9
2002 9.7 3.8
2003 4.8 5.8
2004 11.5 7.4
2005 5.1 7.0
2006 3.7 9.3
2007 1.4 7.7

Source: Department of Commerce

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U.S. Trade and Current Account Balances, 1999-2007


Percent of nominal GDP
Period U.S. trade account balance U.S. current account balance
1999:Q1 -2.37 -2.79
1999:Q2 -2.77 -3.14
1999:Q3 -3.07 -3.47
1999:Q4 -3.21 -3.59
2000:Q1 -3.74 -4.11
2000:Q2 -3.70 -4.06
2000:Q3 -3.94 -4.39
2000:Q4 -4.09 -4.45
2001:Q1 -3.90 -4.29
2001:Q2 -3.52 -3.85
2001:Q3 -3.56 -3.61
2001:Q4 -3.44 -3.45
2002:Q1 -3.63 -4.04
2002:Q2 -3.99 -4.44
2002:Q3 -4.10 -4.41
2002:Q4 -4.46 -4.66
2003:Q1 -4.66 -5.05
2003:Q2 -4.57 -4.80
2003:Q3 -4.45 -4.71
2003:Q4 -4.46 -4.51
2004:Q1 -4.77 -4.91
2004:Q2 -5.19 -5.47
2004:Q3 -5.32 -5.37
2004:Q4 -5.65 -6.14
2005:Q1 -5.48 -6.00
2005:Q2 -5.54 -5.95
2005:Q3 -5.76 -5.52
2005:Q4 -6.17 -6.79
2006:Q1 -5.85 -6.19
2006:Q2 -5.86 -6.25
2006:Q3 -6.01 -6.55
2006:Q4 -5.28 -5.61
2007:Q1 -5.27 -5.82
2007:Q2 -5.21 -5.49
2007:Q3 -4.98 -5.11
2007:Q4 -5.11 ND

Note: The data are quarterly. For the trade account, the data extend through 2007:Q4; for the current account, they extend through 2007:Q3.

Source: Department of Commerce.

ND No data. Return to table

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Prices of Oil and of Nonfuel Commodities, 2003-08


Dollars per barrel, January 2003 = 100
Period Oil Nonfuel commodities
January 2003 32.94 100.00
February 2003 35.87 100.35
March 2003 33.55 98.50
April 2003 28.25 97.98
May 2003 28.14 98.30
June 2003 30.72 97.27
July 2003 30.76 96.54
August 2003 31.59 98.12
September 2003 28.29 100.81
October 2003 30.33 104.91
November 2003 31.05 106.89
December 2003 32.15 108.45
January 2004 34.24 113.03
February 2004 34.74 116.47
March 2004 36.76 119.45
April 2004 36.69 119.47
May 2004 40.29 118.96
June 2004 38.04 118.00
July 2004 40.80 117.31
August 2004 44.94 114.72
September 2004 45.95 113.80
October 2004 53.13 113.14
November 2004 48.46 113.63
December 2004 43.33 114.12
January 2005 46.84 117.36
February 2005 47.97 120.63
March 2005 54.22 125.67
April 2005 53.04 122.38
May 2005 49.83 121.72
June 2005 56.40 122.54
July 2005 58.70 122.30
August 2005 64.97 123.34
September 2005 65.57 123.12
October 2005 62.36 124.17
November 2005 58.30 124.40
December 2005 59.43 128.86
January 2006 65.51 133.40
February 2006 61.63 137.51
March 2006 62.87 138.56
April 2006 69.69 146.46
May 2006 70.94 158.78
June 2006 70.96 154.42
July 2006 74.41 157.04
August 2006 73.05 156.94
September 2006 63.87 154.26
October 2006 58.89 158.28
November 2006 59.15 160.70
December 2006 62.06 163.28
January 2007 54.23 161.86
February 2007 59.26 165.82
March 2007 60.56 168.65
April 2007 63.96 175.44
May 2007 63.46 177.43
June 2007 67.48 176.80
July 2007 74.12 176.41
August 2007 72.39 170.26
September 2007 79.93 174.06
October 2007 85.93 176.42
November 2007 94.62 175.99
December 2007 91.70 175.81
January 2008 92.95 181.48
February 2008 93.13 ND

Note: The data are monthly. The last observation for the oil price is the average for February 1 through February 21, 2008. The price of nonfuel commodities extends through January 2008. The oil price is the spot price of West Texas intermediate crude oil. The price of nonfuel commodities is an index of forty-five primary-commodity prices.

Source: For oil, the Commodity Research Bureau; for nonfuel commodities, International Monetary Fund.

ND No data. Return to table

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U.S. Net Financial Inflows, 2003-07


Billions of dollars
Period Net official financial inflows Net private financial inflows
2003:Q1 50.67 109.06
2003:Q2 67.02 -3.72
2003:Q3 64.27 65.31
2003:Q4 98.18 88.15
2004:Q1 148.92 -27.00
2004:Q2 81.07 84.87
2004:Q3 77.03 26.19
2004:Q4 95.25 70.41
2005:Q1 32.97 113.02
2005:Q2 81.48 16.03
2005:Q3 61.00 181.18
2005:Q4 103.44 188.22
2006:Q1 126.82 67.29
2006:Q2 122.07 21.16
2006:Q3 111.38 128.71
2006:Q4 87.72 139.28
2007:Q1 152.57 14.58
2007:Q2 70.12 83.69
2007:Q3 39.38 54.00

Note: The data are quarterly and extend through 2007:Q3.

Source: Department of Commerce.

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Net Private Foreign Purchases of Long-Term U.S. Securities, 2003-07


Billions of dollars
Period Bonds Equities
2003:Q1 64.81 -2.79
2003:Q2 110.44 19.64
2003:Q3 55.09 -4.84
2003:Q4 47.11 22.28
2004:Q1 69.69 5.46
2004:Q2 140.00 7.75
2004:Q3 76.19 0.78
2004:Q4 110.15 45.57
2005:Q1 133.87 19.71
2005:Q2 82.37 12.52
2005:Q3 150.61 30.45
2005:Q4 143.14 25.62
2006:Q1 79.83 63.03
2006:Q2 110.83 18.04
2006:Q3 92.03 35.11
2006:Q4 117.02 26.57
2007:Q1 108.67 43.46
2007:Q2 153.31 104.14
2007:Q3 10.24 -19.73

Note: The data are quarterly and extend through 2007:Q3.

Source: Department of Commerce.

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Net Change in Private Payroll Employment, 2001-08


Thousands of jobs, 3-month moving average
Period Net change in payroll employment
January 2001 87.00
February 2001 12.33
March 2001 -42.00
April 2001 -135.67
May 2001 -159.33
June 2001 -215.00
July 2001 -163.33
August 2001 -200.67
September 2001 -211.33
October 2001 -273.00
November 2001 -323.00
December 2001 -302.67
January 2002 -234.67
February 2002 -173.67
March 2002 -126.33
April 2002 -107.33
May 2002 -80.00
June 2002 -55.00
July 2002 -53.33
August 2002 -47.67
September 2002 -55.00
October 2002 13.33
November 2002 29.00
December 2002 -21.33
January 2003 -44.00
February 2003 -91.33
March 2003 -103.00
April 2003 -129.33
May 2003 -70.00
June 2003 -17.67
July 2003 -7.00
August 2003 -2.67
September 2003 62.67
October 2003 113.00
November 2003 115.00
December 2003 101.00
January 2004 103.00
February 2004 95.67
March 2004 155.00
April 2004 184.67
May 2004 277.00
June 2004 217.00
July 2004 152.33
August 2004 81.33
September 2004 101.33
October 2004 192.00
November 2004 177.67
December 2004 164.33
January 2005 88.67
February 2005 145.00
March 2005 143.00
April 2005 213.33
May 2005 199.00
June 2005 250.00
July 2005 239.00
August 2005 251.33
September 2005 200.67
October 2005 150.67
November 2005 190.67
December 2005 192.67
January 2006 240.67
February 2006 215.67
March 2006 250.67
April 2006 206.33
May 2006 129.00
June 2006 82.67
July 2006 99.33
August 2006 151.67
September 2006 158.67
October 2006 119.67
November 2006 119.00
December 2006 142.33
January 2007 155.33
February 2007 98.67
March 2007 89.33
April 2007 63.33
May 2007 108.67
June 2007 85.33
July 2007 105.67
August 2007 70.67
September 2007 62.33
October 2007 67.67
November 2007 71.67
December 2007 67.67
January 2008 33.00

Note: Nonfarm business sector. The data are monthly and extend through January 2008.

Source: Department of Labor, Bureau of Labor Statistics.

Return to text

Civilian Unemployment Rate, 1974-2008


Percent
Period Civilian unemployment rate
January 1974 5.1
February 1974 5.2
March 1974 5.1
April 1974 5.1
May 1974 5.1
June 1974 5.4
July 1974 5.5
August 1974 5.5
September 1974 5.9
October 1974 6.0
November 1974 6.6
December 1974 7.2
January 1975 8.1
February 1975 8.1
March 1975 8.6
April 1975 8.8
May 1975 9.0
June 1975 8.8
July 1975 8.6
August 1975 8.4
September 1975 8.4
October 1975 8.4
November 1975 8.3
December 1975 8.2
January 1976 7.9
February 1976 7.7
March 1976 7.6
April 1976 7.7
May 1976 7.4
June 1976 7.6
July 1976 7.8
August 1976 7.8
September 1976 7.6
October 1976 7.7
November 1976 7.8
December 1976 7.8
January 1977 7.5
February 1977 7.6
March 1977 7.4
April 1977 7.2
May 1977 7.0
June 1977 7.2
July 1977 6.9
August 1977 7.0
September 1977 6.8
October 1977 6.8
November 1977 6.8
December 1977 6.4
January 1978 6.4
February 1978 6.3
March 1978 6.3
April 1978 6.1
May 1978 6.0
June 1978 5.9
July 1978 6.2
August 1978 5.9
September 1978 6.0
October 1978 5.8
November 1978 5.9
December 1978 6.0
January 1979 5.9
February 1979 5.9
March 1979 5.8
April 1979 5.8
May 1979 5.6
June 1979 5.7
July 1979 5.7
August 1979 6.0
September 1979 5.9
October 1979 6.0
November 1979 5.9
December 1979 6.0
January 1980 6.3
February 1980 6.3
March 1980 6.3
April 1980 6.9
May 1980 7.5
June 1980 7.6
July 1980 7.8
August 1980 7.7
September 1980 7.5
October 1980 7.5
November 1980 7.5
December 1980 7.2
January 1981 7.5
February 1981 7.4
March 1981 7.4
April 1981 7.2
May 1981 7.5
June 1981 7.5
July 1981 7.2
August 1981 7.4
September 1981 7.6
October 1981 7.9
November 1981 8.3
December 1981 8.5
January 1982 8.6
February 1982 8.9
March 1982 9.0
April 1982 9.3
May 1982 9.4
June 1982 9.6
July 1982 9.8
August 1982 9.8
September 1982 10.1
October 1982 10.4
November 1982 10.8
December 1982 10.8
January 1983 10.4
February 1983 10.4
March 1983 10.3
April 1983 10.2
May 1983 10.1
June 1983 10.1
July 1983 9.4
August 1983 9.5
September 1983 9.2
October 1983 8.8
November 1983 8.5
December 1983 8.3
January 1984 8.0
February 1984 7.8
March 1984 7.8
April 1984 7.7
May 1984 7.4
June 1984 7.2
July 1984 7.5
August 1984 7.5
September 1984 7.3
October 1984 7.4
November 1984 7.2
December 1984 7.3
January 1985 7.3
February 1985 7.2
March 1985 7.2
April 1985 7.3
May 1985 7.2
June 1985 7.4
July 1985 7.4
August 1985 7.1
September 1985 7.1
October 1985 7.1
November 1985 7.0
December 1985 7.0
January 1986 6.7
February 1986 7.2
March 1986 7.2
April 1986 7.1
May 1986 7.2
June 1986 7.2
July 1986 7.0
August 1986 6.9
September 1986 7.0
October 1986 7.0
November 1986 6.9
December 1986 6.6
January 1987 6.6
February 1987 6.6
March 1987 6.6
April 1987 6.3
May 1987 6.3
June 1987 6.2
July 1987 6.1
August 1987 6.0
September 1987 5.9
October 1987 6.0
November 1987 5.8
December 1987 5.7
January 1988 5.7
February 1988 5.7
March 1988 5.7
April 1988 5.4
May 1988 5.6
June 1988 5.4
July 1988 5.4
August 1988 5.6
September 1988 5.4
October 1988 5.4
November 1988 5.3
December 1988 5.3
January 1989 5.4
February 1989 5.2
March 1989 5.0
April 1989 5.2
May 1989 5.2
June 1989 5.3
July 1989 5.2
August 1989 5.2
September 1989 5.3
October 1989 5.3
November 1989 5.4
December 1989 5.4
January 1990 5.4
February 1990 5.3
March 1990 5.2
April 1990 5.4
May 1990 5.4
June 1990 5.2
July 1990 5.5
August 1990 5.7
September 1990 5.9
October 1990 5.9
November 1990 6.2
December 1990 6.3
January 1991 6.4
February 1991 6.6
March 1991 6.8
April 1991 6.7
May 1991 6.9
June 1991 6.9
July 1991 6.8
August 1991 6.9
September 1991 6.9
October 1991 7.0
November 1991 7.0
December 1991 7.3
January 1992 7.3
February 1992 7.4
March 1992 7.4
April 1992 7.4
May 1992 7.6
June 1992 7.8
July 1992 7.7
August 1992 7.6
September 1992 7.6
October 1992 7.3
November 1992 7.4
December 1992 7.4
January 1993 7.3
February 1993 7.1
March 1993 7.0
April 1993 7.1
May 1993 7.1
June 1993 7.0
July 1993 6.9
August 1993 6.8
September 1993 6.7
October 1993 6.8
November 1993 6.6
December 1993 6.5
January 1994 6.6
February 1994 6.6
March 1994 6.5
April 1994 6.4
May 1994 6.1
June 1994 6.1
July 1994 6.1
August 1994 6.0
September 1994 5.9
October 1994 5.8
November 1994 5.6
December 1994 5.5
January 1995 5.6
February 1995 5.4
March 1995 5.4
April 1995 5.8
May 1995 5.6
June 1995 5.6
July 1995 5.7
August 1995 5.7
September 1995 5.6
October 1995 5.5
November 1995 5.6
December 1995 5.6
January 1996 5.6
February 1996 5.5
March 1996 5.5
April 1996 5.6
May 1996 5.6
June 1996 5.3
July 1996 5.5
August 1996 5.1
September 1996 5.2
October 1996 5.2
November 1996 5.4
December 1996 5.4
January 1997 5.3
February 1997 5.2
March 1997 5.2
April 1997 5.1
May 1997 4.9
June 1997 5.0
July 1997 4.9
August 1997 4.8
September 1997 4.9
October 1997 4.7
November 1997 4.6
December 1997 4.7
January 1998 4.6
February 1998 4.6
March 1998 4.7
April 1998 4.3
May 1998 4.4
June 1998 4.5
July 1998 4.5
August 1998 4.5
September 1998 4.6
October 1998 4.5
November 1998 4.4
December 1998 4.4
January 1999 4.3
February 1999 4.4
March 1999 4.2
April 1999 4.3
May 1999 4.2
June 1999 4.3
July 1999 4.3
August 1999 4.2
September 1999 4.2
October 1999 4.1
November 1999 4.1
December 1999 4.0
January 2000 4.0
February 2000 4.1
March 2000 4.0
April 2000 3.8
May 2000 4.0
June 2000 4.0
July 2000 4.0
August 2000 4.1
September 2000 3.9
October 2000 3.9
November 2000 3.9
December 2000 3.9
January 2001 4.2
February 2001 4.2
March 2001 4.3
April 2001 4.4
May 2001 4.3
June 2001 4.5
July 2001 4.6
August 2001 4.9
September 2001 5.0
October 2001 5.3
November 2001 5.5
December 2001 5.7
January 2002 5.7
February 2002 5.7
March 2002 5.7
April 2002 5.9
May 2002 5.8
June 2002 5.8
July 2002 5.8
August 2002 5.7
September 2002 5.7
October 2002 5.7
November 2002 5.9
December 2002 6.0
January 2003 5.8
February 2003 5.9
March 2003 5.9
April 2003 6.0
May 2003 6.1
June 2003 6.3
July 2003 6.2
August 2003 6.1
September 2003 6.1
October 2003 6.0
November 2003 5.8
December 2003 5.7
January 2004 5.7
February 2004 5.6
March 2004 5.8
April 2004 5.6
May 2004 5.6
June 2004 5.6
July 2004 5.5
August 2004 5.4
September 2004 5.4
October 2004 5.5
November 2004 5.4
December 2004 5.4
January 2005 5.2
February 2005 5.4
March 2005 5.2
April 2005 5.1
May 2005 5.1
June 2005 5.0
July 2005 5.0
August 2005 4.9
September 2005 5.1
October 2005 5.0
November 2005 5.0
December 2005 4.8
January 2006 4.7
February 2006 4.7
March 2006 4.7
April 2006 4.7
May 2006 4.7
June 2006 4.6
July 2006 4.7
August 2006 4.7
September 2006 4.5
October 2006 4.4
November 2006 4.5
December 2006 4.4
January 2007 4.6
February 2007 4.5
March 2007 4.4
April 2007 4.5
May 2007 4.5
June 2007 4.6
July 2007 4.7
August 2007 4.7
September 2007 4.7
October 2007 4.8
November 2007 4.7
December 2007 5.0
January 2008 4.9

Note: The data are monthly and extend through January 2008.

Source: Department of Labor, Bureau of Labor Statistics.

Return to text

Labor Force Participation Rate, 1974-2008


Percent
Period Labor force participation rate
January 1974 61.3
February 1974 61.4
March 1974 61.3
April 1974 61.1
May 1974 61.2
June 1974 61.2
July 1974 61.4
August 1974 61.2
September 1974 61.4
October 1974 61.3
November 1974 61.3
December 1974 61.2
January 1975 61.4
February 1975 61.0
March 1975 61.2
April 1975 61.3
May 1975 61.5
June 1975 61.2
July 1975 61.3
August 1975 61.3
September 1975 61.2
October 1975 61.2
November 1975 61.1
December 1975 61.1
January 1976 61.3
February 1976 61.3
March 1976 61.3
April 1976 61.6
May 1976 61.5
June 1976 61.5
July 1976 61.8
August 1976 61.8
September 1976 61.6
October 1976 61.6
November 1976 61.9
December 1976 61.8
January 1977 61.6
February 1977 61.9
March 1977 62.0
April 1977 62.1
May 1977 62.2
June 1977 62.4
July 1977 62.1
August 1977 62.3
September 1977 62.3
October 1977 62.4
November 1977 62.8
December 1977 62.7
January 1978 62.8
February 1978 62.7
March 1978 62.8
April 1978 63.0
May 1978 63.1
June 1978 63.3
July 1978 63.2
August 1978 63.2
September 1978 63.3
October 1978 63.3
November 1978 63.5
December 1978 63.6
January 1979 63.6
February 1979 63.8
March 1979 63.8
April 1979 63.5
May 1979 63.3
June 1979 63.5
July 1979 63.6
August 1979 63.6
September 1979 63.8
October 1979 63.7
November 1979 63.7
December 1979 63.9
January 1980 64.0
February 1980 64.0
March 1980 63.7
April 1980 63.8
May 1980 63.9
June 1980 63.7
July 1980 63.8
August 1980 63.7
September 1980 63.6
October 1980 63.7
November 1980 63.8
December 1980 63.6
January 1981 63.9
February 1981 63.9
March 1981 64.1
April 1981 64.2
May 1981 64.3
June 1981 63.7
July 1981 63.8
August 1981 63.8
September 1981 63.5
October 1981 63.8
November 1981 63.9
December 1981 63.6
January 1982 63.7
February 1982 63.8
March 1982 63.8
April 1982 63.9
May 1982 64.2
June 1982 63.9
July 1982 64.0
August 1982 64.1
September 1982 64.1
October 1982 64.1
November 1982 64.2
December 1982 64.1
January 1983 63.9
February 1983 63.8
March 1983 63.7
April 1983 63.8
May 1983 63.7
June 1983 64.3
July 1983 64.1
August 1983 64.3
September 1983 64.3
October 1983 64.0
November 1983 64.1
December 1983 64.1
January 1984 63.9
February 1984 64.1
March 1984 64.1
April 1984 64.3
May 1984 64.5
June 1984 64.6
July 1984 64.6
August 1984 64.4
September 1984 64.4
October 1984 64.4
November 1984 64.5
December 1984 64.6
January 1985 64.7
February 1985 64.7
March 1985 64.9
April 1985 64.9
May 1985 64.8
June 1985 64.6
July 1985 64.7
August 1985 64.6
September 1985 64.9
October 1985 65.0
November 1985 64.9
December 1985 65.0
January 1986 64.9
February 1986 65.0
March 1986 65.1
April 1986 65.1
May 1986 65.2
June 1986 65.4
July 1986 65.4
August 1986 65.3
September 1986 65.4
October 1986 65.4
November 1986 65.4
December 1986 65.3
January 1987 65.4
February 1987 65.5
March 1987 65.5
April 1987 65.4
May 1987 65.7
June 1987 65.5
July 1987 65.6
August 1987 65.7
September 1987 65.5
October 1987 65.7
November 1987 65.7
December 1987 65.7
January 1988 65.8
February 1988 65.9
March 1988 65.7
April 1988 65.8
May 1988 65.7
June 1988 65.8
July 1988 65.9
August 1988 66.1
September 1988 65.9
October 1988 66.0
November 1988 66.2
December 1988 66.1
January 1989 66.5
February 1989 66.3
March 1989 66.3
April 1989 66.4
May 1989 66.3
June 1989 66.5
July 1989 66.5
August 1989 66.5
September 1989 66.4
October 1989 66.5
November 1989 66.6
December 1989 66.5
January 1990 66.8
February 1990 66.7
March 1990 66.7
April 1990 66.6
May 1990 66.6
June 1990 66.4
July 1990 66.5
August 1990 66.5
September 1990 66.4
October 1990 66.4
November 1990 66.4
December 1990 66.4
January 1991 66.2
February 1991 66.2
March 1991 66.3
April 1991 66.4
May 1991 66.2
June 1991 66.2
July 1991 66.1
August 1991 66.0
September 1991 66.2
October 1991 66.1
November 1991 66.1
December 1991 66.0
January 1992 66.3
February 1992 66.2
March 1992 66.4
April 1992 66.5
May 1992 66.6
June 1992 66.7
July 1992 66.7
August 1992 66.6
September 1992 66.5
October 1992 66.2
November 1992 66.3
December 1992 66.3
January 1993 66.2
February 1993 66.2
March 1993 66.2
April 1993 66.1
May 1993 66.4
June 1993 66.5
July 1993 66.4
August 1993 66.4
September 1993 66.2
October 1993 66.3
November 1993 66.3
December 1993 66.4
January 1994 66.6
February 1994 66.6
March 1994 66.5
April 1994 66.5
May 1994 66.6
June 1994 66.4
July 1994 66.4
August 1994 66.6
September 1994 66.6
October 1994 66.7
November 1994 66.7
December 1994 66.7
January 1995 66.8
February 1995 66.8
March 1995 66.7
April 1995 66.9
May 1995 66.5
June 1995 66.5
July 1995 66.6
August 1995 66.6
September 1995 66.6
October 1995 66.6
November 1995 66.5
December 1995 66.4
January 1996 66.4
February 1996 66.6
March 1996 66.6
April 1996 66.7
May 1996 66.7
June 1996 66.7
July 1996 66.9
August 1996 66.7
September 1996 66.9
October 1996 67.0
November 1996 67.0
December 1996 67.0
January 1997 67.0
February 1997 66.9
March 1997 67.1
April 1997 67.1
May 1997 67.1
June 1997 67.1
July 1997 67.2
August 1997 67.2
September 1997 67.1
October 1997 67.1
November 1997 67.2
December 1997 67.2
January 1998 67.1
February 1998 67.1
March 1998 67.1
April 1998 67.0
May 1998 67.0
June 1998 67.0
July 1998 67.0
August 1998 67.0
September 1998 67.2
October 1998 67.2
November 1998 67.1
December 1998 67.2
January 1999 67.2
February 1999 67.2
March 1999 67.0
April 1999 67.1
May 1999 67.1
June 1999 67.1
July 1999 67.1
August 1999 67.0
September 1999 67.0
October 1999 67.0
November 1999 67.1
December 1999 67.1
January 2000 67.3
February 2000 67.3
March 2000 67.3
April 2000 67.3
May 2000 67.1
June 2000 67.1
July 2000 66.9
August 2000 66.9
September 2000 66.9
October 2000 66.8
November 2000 66.9
December 2000 67.0
January 2001 67.2
February 2001 67.1
March 2001 67.2
April 2001 66.9
May 2001 66.7
June 2001 66.7
July 2001 66.8
August 2001 66.5
September 2001 66.8
October 2001 66.7
November 2001 66.7
December 2001 66.7
January 2002 66.5
February 2002 66.8
March 2002 66.6
April 2002 66.7
May 2002 66.7
June 2002 66.6
July 2002 66.5
August 2002 66.6
September 2002 66.7
October 2002 66.6
November 2002 66.4
December 2002 66.3
January 2003 66.4
February 2003 66.4
March 2003 66.3
April 2003 66.4
May 2003 66.4
June 2003 66.5
July 2003 66.2
August 2003 66.1
September 2003 66.1
October 2003 66.1
November 2003 66.1
December 2003 65.9
January 2004 66.1
February 2004 66.0
March 2004 66.0
April 2004 65.9
May 2004 66.0
June 2004 66.1
July 2004 66.1
August 2004 66.0
September 2004 65.8
October 2004 65.9
November 2004 66.0
December 2004 65.9
January 2005 65.8
February 2005 65.9
March 2005 65.8
April 2005 66.1
May 2005 66.1
June 2005 66.1
July 2005 66.1
August 2005 66.2
September 2005 66.2
October 2005 66.1
November 2005 66.1
December 2005 66.0
January 2006 66.0
February 2006 66.1
March 2006 66.1
April 2006 66.1
May 2006 66.2
June 2006 66.2
July 2006 66.2
August 2006 66.2
September 2006 66.1
October 2006 66.2
November 2006 66.3
December 2006 66.4
January 2007 66.3
February 2007 66.2
March 2007 66.2
April 2007 66.0
May 2007 66.0
June 2007 66.1
July 2007 66.0
August 2007 65.8
September 2007 66.0
October 2007 65.9
November 2007 66.0
December 2007 66.0
January 2008 66.1

Note: The data are monthly and extend through January 2008.

Source: Department of Labor, Bureau of Labor Statistics.

Return to text

Change in Output per Hour, 1948-2007


Percent, annual rate
Period Change in output per hour
1948-1973 2.7
1974-1995 1.5
1996-2000 2.6
2001 3.3
2002 2.9
2003 4.7
2004 1.8
2005 1.7
2006 0.9
2007 2.6

Note: Nonfarm business sector. Change for each multiyear period is measured to the fourth quarter of the final year of the period from the fourth quarter of the year immediately preceding the period.

Source: Department of Labor, Bureau of Labor Statistics.

Return to text

Measures of Change in Hourly Compensation, 1997-2007


Percent
Period Nonfarm business compensation per hour Employment cost index
1997:Q1 2.8 3.0
1997:Q2 2.6 2.9
1997:Q3 2.8 3.1
1997:Q4 4.2 3.5
1998:Q1 5.5 3.6
1998:Q2 6.1 3.5
1998:Q3 6.8 3.9
1998:Q4 5.5 3.5
1999:Q1 5.5 2.9
1999:Q2 4.4 3.3
1999:Q3 3.7 3.0
1999:Q4 5.2 3.5
2000:Q1 6.9 4.6
2000:Q2 6.9 4.6
2000:Q3 8.0 4.7
2000:Q4 6.5 4.2
2001:Q1 4.5 4.2
2001:Q2 4.9 4.0
2001:Q3 3.4 4.0
2001:Q4 3.6 4.1
2002:Q1 3.5 3.8
2002:Q2 4.0 4.0
2002:Q3 3.9 3.5
2002:Q4 3.1 3.1
2003:Q1 3.0 3.6
2003:Q2 3.5 3.5
2003:Q3 4.4 3.9
2003:Q4 5.2 4.0
2004:Q1 3.8 3.8
2004:Q2 3.4 3.9
2004:Q3 3.4 3.8
2004:Q4 3.9 3.8
2005:Q1 4.9 3.5
2005:Q2 3.9 3.1
2005:Q3 4.0 2.9
2005:Q4 3.3 2.9
2006:Q1 4.2 2.6
2006:Q2 3.8 2.8
2006:Q3 2.7 3.0
2006:Q4 5.0 3.2
2007:Q1 4.7 3.2
2007:Q2 5.0 3.1
2007:Q3 5.7 3.1
2007:Q4 3.7 3.0

Note: The data are quarterly and extend through 2007:Q4. For nonfarm business compensation, change is over four quarters; for the employment cost index (ECI), change is over the twelve months ending in the last month of each quarter. The nonfarm business sector excludes farms, government, nonprofit institutions, and households. The sector covered by the ECI used here is the same as the nonfarm business sector plus nonprofit institutions. A new ECI series was introduced for data as of 2001, but the new series is continuous with the old.

Source: Department of Labor, Bureau of Labor Statistics.

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Change in Unit Labor Costs, 1996-2007


Percent, annual rate
Period Change in unit labor costs
1996-2000 2.25
2001 0.40
2002 0.20
2003 0.50
2004 2.10
2005 1.60
2006 4.10
2007 1.00

Note: Nonfarm business sector. The change for 1996 to 2000 is measured to 2000:Q4 from 1995:Q4.

Source: Department of Labor, Bureau of Labor Statistics.

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Change in Core Consumer Prices, 2001-07


Percent
Period Core consumer
price index		 Chain-type price index
for core PCE
2001 2.71 2.22
2002 2.06 1.55
2003 1.16 1.44
2004 2.15 2.23
2005 2.12 2.17
2006 2.65 2.29
2007 2.32 2.13

Source: For core consumer price index, Department of Labor, Bureau of Labor Statistics; for core PCE price index, Department of Commerce, Bureau of Economic Analysis.

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Prices of Indexes of Credit Default Swaps on Subprime Mortgages, 2007-08

Figure of prices of indexes of credit default swaps on subprime mortgages, 2007-08. Data are plotted as two curves. The price of the BBB index of credit default swaps on subprime mortgages starts in January 2007 at almost 100 percent. The price declines sharply through the end of February, when it reaches roughly 70 percent. It then rises, reaching almost 80 percent in March, and stays at about that level until mid-June, when it starts declining steeply. At the end of July, it levels off and stays at around 40 percent for a couple of months before generally decreasing, reaching almost 10 percent as of early 2008. The price of the AAA index of credit default swaps on subprime mortgages starts in January 2007 at 100 percent. It stays about constant until the beginning of July; it then generally declines, with a few small increases, until February 2008, when it reaches about 65 percent.

Note: The data are daily and extend through February 21, 2008. The series shown refer to pools of mortgages that were originated in 2006:H2.

Source: Markit.

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Gross Issuance of Securities Backed by Alt-A and Subprime Mortgage Pools, 2002-08


Billions of dollars, annual rate
Period Alt-A Subprime
2002 4.4552 10.2234
2003 6.1793 16.2465
2004 13.2155 30.2125
2005 27.6936 38.7530
2006:H1 30.0486 40.1366
2006:H2 30.8974 34.6300
2007:Q1 32.2910 29.5180
2007:Q2 33.6386 24.8979
2007:Q3 12.7353 8.8928
2007:Q4 4.5384 3.8736
January 2008 5.4000 2.0400

Note: Mortgages in alt-A pools are a mix of prime, near-prime, and subprime mortgages; for further details on alt-A pools, refer to text.

Source: Inside MBS & ABS.

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LCDX Indexes, 2007-08

Figure of LCDX indexes, 2007-08. Data are plotted as two curves. The series 8 curve begins at about 100 basis points near the end of May 2007. It generally increases to a peak of more than 350 basis points at the end of July and then generally decreases to approximately 175 basis points in mid-October. The series 9 curve begins in early October at a little less than 250 basis points. From that time through February 2008, the series 8 and series 9 curves exhibit similar patterns, but the series 9 curve generally remains about 50 basis points higher than the series 8 curve. Both curves generally increase through February 2008, when the series 8 curve reaches about 450 basis points and the series 9 curve about 500 basis points.

Note: The data are daily and extend through February 21, 2008. Each LCDX index consists of 100 single-name credit default swaps referencing entities with first-lien syndicated loans that trade in the secondary market for leveraged loans. Series 8 began trading on May 22, 2007, and series 9 on October 3, 2007.

Source: Markit.

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Commercial Paper, 2005-08

Figure of commercial paper, 2005-08. Data are plotted as curves in two panels--the top panel for spreads and the bottom panel for outstandings. In the top panel, the spread on AA-rated asset-backed commercial paper starts in 2005 at around zero basis points. The spread on A2/P2-rated nonfinancial commercial paper begins in 2005 at around 20 basis points. Both spreads stay almost constant, with minor fluctuations, until late summer of 2007, when they widen to about 100 basis points. They then narrow sharply; in October 2007, AA-rated asset-backed reaches around 30 basis points, and A2/P2-rated nonfinancial reaches around 70 basis points. At the end of 2007, both spreads spike to almost 150 basis points. At the start of 2008, AA-rated asset-backed decreases to around 30 basis points, and A2/P2-rated nonfinancial decreases to around 50 basis points. In the bottom panel, asset-backed outstandings start at around $650 billion in early 2005 and rise steadily through early August 2007, when they reach nearly $1,200 billion. They then decline sharply, reaching around $750 billion at the end of 2007. At the start of 2008, they rise slightly through January to around $800 billion, and they tick down through February. Unsecured nonfinancial outstandings begin at around $120 billion in early 2005 and fluctuate moderately through early December of 2006 in a narrow range of about $110 billion to $140 billion. In mid-December of 2006, they rise to around $160 billion and remain at roughly this elevated level, with moderate fluctuations, through February 2008.

Note: The data are weekly and extend through February 20, 2008. Outstandings are seasonally adjusted. For AA-rated asset-backed, spread on thirty-day exposures is over AA financial rate; for A2/P2-rated nonfinancial, spread is over AA nonfinancial rate.

Source: DTCC.

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One-Month Libor Minus OIS Rate, 2007-08

Figure of one-month Libor minus OIS rate, 2007-08. Data are plotted as a curve. The curve starts at about 7 basis points in January 2007 and remains at about that level until early August, when it begins a sharp increase that reaches about 90 basis points in early September. The curve then declines over the next several weeks, reaching about 20 basis points in late October. In mid-November, the curve begins rising sharply again and reaches about 110 basis points in early December. It begins to fall in mid-December and reaches about 10 basis points in mid-January of 2008. Later in January, it then trends higher, to about 30 basis points in February.

Note: The data are daily and extend through February 21, 2008. An overnight index swap (OIS) is an interest rate swap with the floating rate tied to an index of daily overnight rates, such as the effective federal funds rate. At maturity, two parties exchange, on the basis of the agreed notional amount, the difference between interest accrued at the fixed rate and interest accrued through geometric averaging of the floating, or index, rate.

Source: For Libor, British Bankers' Association; for the OIS rate, Prebon.

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Interest Rates on Selected Treasury Securities, 2003-08


Percent
Period Ten-year rate Two-year rate Three-month rate
2 January 2003 4.07 1.80 1.22
3 January 2003 4.05 1.79 1.22
6 January 2003 4.09 1.84 1.21
7 January 2003 4.04 1.77 1.19
8 January 2003 4.00 1.71 1.19
9 January 2003 4.19 1.87 1.20
10 January 2003 4.16 1.79 1.20
13 January 2003 4.15 1.81 1.21
14 January 2003 4.10 1.76 1.19
15 January 2003 4.10 1.75 1.20
16 January 2003 4.10 1.75 1.18
17 January 2003 4.05 1.70 1.18
20 January 2003 ND ND ND
21 January 2003 4.01 1.67 1.19
22 January 2003 3.95 1.66 1.17
23 January 2003 3.98 1.69 1.17
24 January 2003 3.94 1.66 1.16
27 January 2003 3.98 1.70 1.17
28 January 2003 4.00 1.70 1.18
29 January 2003 4.06 1.77 1.18
30 January 2003 4.00 1.70 1.18
31 January 2003 4.00 1.72 1.18
3 February 2003 4.01 1.72 1.18
4 February 2003 3.96 1.68 1.16
5 February 2003 4.02 1.73 1.18
6 February 2003 3.97 1.68 1.17
7 February 2003 3.96 1.63 1.17
10 February 2003 3.99 1.68 1.17
11 February 2003 3.98 1.65 1.18
12 February 2003 3.93 1.62 1.18
13 February 2003 3.89 1.57 1.17
14 February 2003 3.95 1.62 1.18
17 February 2003 ND ND ND
18 February 2003 3.94 1.66 1.19
19 February 2003 3.88 1.61 1.18
20 February 2003 3.85 1.59 1.19
21 February 2003 3.90 1.63 1.19
24 February 2003 3.86 1.60 1.21
25 February 2003 3.81 1.58 1.20
26 February 2003 3.78 1.57 1.21
27 February 2003 3.76 1.58 1.21
28 February 2003 3.71 1.53 1.20
3 March 2003 3.68 1.52 1.20
4 March 2003 3.65 1.49 1.19
5 March 2003 3.63 1.46 1.18
6 March 2003 3.67 1.47 1.18
7 March 2003 3.63 1.39 1.12
10 March 2003 3.59 1.35 1.08
11 March 2003 3.60 1.38 1.10
12 March 2003 3.60 1.45 1.10
13 March 2003 3.74 1.59 1.12
14 March 2003 3.72 1.56 1.13
17 March 2003 3.82 1.63 1.15
18 March 2003 3.91 1.72 1.14
19 March 2003 3.98 1.72 1.16
20 March 2003 4.01 1.75 1.17
21 March 2003 4.11 1.80 1.18
24 March 2003 3.98 1.71 1.17
25 March 2003 3.97 1.69 1.18
26 March 2003 3.96 1.68 1.18
27 March 2003 3.95 1.62 1.16
28 March 2003 3.92 1.56 1.14
31 March 2003 3.83 1.51 1.14
1 April 2003 3.84 1.50 1.12
2 April 2003 3.94 1.60 1.13
3 April 2003 3.93 1.55 1.11
4 April 2003 3.96 1.55 1.11
7 April 2003 4.03 1.65 1.17
8 April 2003 3.95 1.59 1.15
9 April 2003 3.93 1.55 1.13
10 April 2003 3.95 1.60 1.14
11 April 2003 4.00 1.65 1.17
14 April 2003 4.04 1.74 1.20
15 April 2003 3.98 1.69 1.18
16 April 2003 3.96 1.67 1.17
17 April 2003 3.98 1.71 1.18
18 April 2003 ND ND ND
21 April 2003 4.00 1.71 1.18
22 April 2003 4.01 1.70 1.18
23 April 2003 4.02 1.70 1.17
24 April 2003 3.93 1.62 1.15
25 April 2003 3.91 1.57 1.14
28 April 2003 3.92 1.59 1.14
29 April 2003 3.96 1.62 1.15
30 April 2003 3.89 1.51 1.13
1 May 2003 3.88 1.50 1.10
2 May 2003 3.94 1.56 1.12
5 May 2003 3.92 1.55 1.13
6 May 2003 3.84 1.45 1.10
7 May 2003 3.72 1.45 1.11
8 May 2003 3.70 1.49 1.09
9 May 2003 3.69 1.45 1.11
12 May 2003 3.64 1.46 1.10
13 May 2003 3.63 1.47 1.09
14 May 2003 3.53 1.41 1.06
15 May 2003 3.53 1.46 1.06
16 May 2003 3.46 1.38 1.05
19 May 2003 3.46 1.35 1.05
20 May 2003 3.38 1.31 1.04
21 May 2003 3.39 1.38 1.06
22 May 2003 3.34 1.36 1.08
23 May 2003 3.34 1.38 1.08
26 May 2003 ND ND ND
27 May 2003 3.41 1.33 1.09
28 May 2003 3.44 1.35 1.12
29 May 2003 3.34 1.30 1.10
30 May 2003 3.37 1.33 1.11
2 June 2003 3.43 1.33 1.14
3 June 2003 3.34 1.20 1.08
4 June 2003 3.30 1.20 1.05
5 June 2003 3.34 1.25 1.04
6 June 2003 3.37 1.27 1.05
9 June 2003 3.29 1.19 1.03
10 June 2003 3.20 1.13 0.97
11 June 2003 3.21 1.16 0.94
12 June 2003 3.18 1.13 0.92
13 June 2003 3.13 1.10 0.86
16 June 2003 3.18 1.18 0.87
17 June 2003 3.27 1.25 0.90
18 June 2003 3.37 1.27 0.89
19 June 2003 3.35 1.17 0.81
20 June 2003 3.40 1.22 0.83
23 June 2003 3.32 1.17 0.85
24 June 2003 3.29 1.14 0.83
25 June 2003 3.38 1.30 0.92
26 June 2003 3.55 1.41 0.91
27 June 2003 3.58 1.38 0.87
30 June 2003 3.54 1.32 0.91
1 July 2003 3.56 1.30 0.89
2 July 2003 3.56 1.30 0.87
3 July 2003 3.67 1.32 0.87
4 July 2003 ND ND ND
7 July 2003 3.74 1.36 0.92
8 July 2003 3.75 1.39 0.92
9 July 2003 3.73 1.37 0.90
10 July 2003 3.70 1.33 0.89
11 July 2003 3.66 1.29 0.89
14 July 2003 3.74 1.35 0.91
15 July 2003 3.94 1.45 0.92
16 July 2003 3.97 1.49 0.91
17 July 2003 3.98 1.47 0.90
18 July 2003 4.00 1.51 0.91
21 July 2003 4.19 1.61 0.93
22 July 2003 4.17 1.57 0.93
23 July 2003 4.12 1.54 0.93
24 July 2003 4.20 1.54 0.93
25 July 2003 4.22 1.52 0.93
28 July 2003 4.31 1.61 0.97
29 July 2003 4.42 1.67 0.99
30 July 2003 4.34 1.64 0.98
31 July 2003 4.49 1.80 0.96
1 August 2003 4.44 1.85 0.95
4 August 2003 4.35 1.71 0.97
5 August 2003 4.47 1.88 0.96
6 August 2003 4.32 1.78 0.95
7 August 2003 4.30 1.74 0.95
8 August 2003 4.27 1.72 0.96
11 August 2003 4.38 1.81 0.96
12 August 2003 4.37 1.71 0.95
13 August 2003 4.58 1.86 0.96
14 August 2003 4.55 1.86 0.96
15 August 2003 4.55 1.85 0.95
18 August 2003 4.49 1.87 0.96
19 August 2003 4.38 1.81 0.96
20 August 2003 4.45 1.84 0.96
21 August 2003 4.53 1.98 0.97
22 August 2003 4.48 1.97 0.98
25 August 2003 4.53 2.02 1.02
26 August 2003 4.50 1.96 1.01
27 August 2003 4.54 2.05 1.00
28 August 2003 4.42 1.93 0.99
29 August 2003 4.45 1.95 0.98
1 September 2003 ND ND ND
2 September 2003 4.61 2.04 0.98
3 September 2003 4.60 2.02 0.97
4 September 2003 4.52 1.91 0.97
5 September 2003 4.35 1.72 0.96
8 September 2003 4.41 1.75 0.97
9 September 2003 4.37 1.71 0.96
10 September 2003 4.28 1.64 0.96
11 September 2003 4.35 1.71 0.96
12 September 2003 4.27 1.66 0.96
15 September 2003 4.28 1.63 0.96
16 September 2003 4.29 1.63 0.93
17 September 2003 4.20 1.63 0.95
18 September 2003 4.19 1.68 0.96
19 September 2003 4.17 1.70 0.95
22 September 2003 4.26 1.70 0.96
23 September 2003 4.24 1.68 0.94
24 September 2003 4.16 1.66 0.95
25 September 2003 4.12 1.65 0.94
26 September 2003 4.04 1.60 0.94
29 September 2003 4.09 1.61 0.97
30 September 2003 3.96 1.50 0.95
1 October 2003 3.96 1.47 0.95
2 October 2003 4.03 1.48 0.94
3 October 2003 4.21 1.65 0.94
6 October 2003 4.17 1.60 0.94
7 October 2003 4.27 1.67 0.92
8 October 2003 4.27 1.65 0.91
9 October 2003 4.32 1.69 0.91
10 October 2003 4.29 1.65 0.92
13 October 2003 ND ND ND
14 October 2003 4.37 1.73 0.93
15 October 2003 4.43 1.79 0.93
16 October 2003 4.47 1.96 0.93
17 October 2003 4.41 1.90 0.93
20 October 2003 4.41 1.88 0.95
21 October 2003 4.38 1.89 0.93
22 October 2003 4.29 1.80 0.96
23 October 2003 4.34 1.84 0.96
24 October 2003 4.24 1.76 0.93
27 October 2003 4.30 1.83 0.98
28 October 2003 4.23 1.71 0.96
29 October 2003 4.31 1.79 0.96
30 October 2003 4.36 1.86 0.96
31 October 2003 4.33 1.85 0.96
3 November 2003 4.40 1.90 0.96
4 November 2003 4.33 1.86 0.95
5 November 2003 4.38 1.94 0.96
6 November 2003 4.45 2.01 0.96
7 November 2003 4.48 2.04 0.96
10 November 2003 4.49 2.06 0.97
11 November 2003 ND ND ND
12 November 2003 4.44 2.05 0.95
13 November 2003 4.30 1.92 0.94
14 November 2003 4.22 1.84 0.95
17 November 2003 4.18 1.80 0.96
18 November 2003 4.17 1.83 0.96
19 November 2003 4.24 1.90 0.95
20 November 2003 4.16 1.83 0.95
21 November 2003 4.15 1.84 0.94
24 November 2003 4.23 1.94 0.96
25 November 2003 4.19 1.89 0.95
26 November 2003 4.25 1.97 0.94
27 November 2003 ND ND ND
28 November 2003 4.34 2.06 0.93
1 December 2003 4.40 2.12 0.95
2 December 2003 4.38 2.07 0.94
3 December 2003 4.41 2.09 0.94
4 December 2003 4.38 2.06 0.93
5 December 2003 4.23 1.88 0.92
8 December 2003 4.29 1.94 0.93
9 December 2003 4.32 1.97 0.93
10 December 2003 4.30 1.94 0.93
11 December 2003 4.27 1.83 0.90
12 December 2003 4.26 1.84 0.91
15 December 2003 4.28 1.88 0.91
16 December 2003 4.24 1.83 0.91
17 December 2003 4.19 1.83 0.90
18 December 2003 4.16 1.85 0.89
19 December 2003 4.15 1.82 0.88
22 December 2003 4.18 1.84 0.91
23 December 2003 4.28 1.96 0.90
24 December 2003 4.20 1.83 0.90
25 December 2003 ND ND ND
26 December 2003 4.17 1.82 0.87
29 December 2003 4.24 1.86 0.91
30 December 2003 4.29 1.86 0.94
31 December 2003 4.27 1.84 0.94
1 January 2004 ND ND ND
2 January 2004 4.38 1.94 0.93
5 January 2004 4.41 1.95 0.92
6 January 2004 4.29 1.84 0.92
7 January 2004 4.27 1.84 0.91
8 January 2004 4.27 1.85 0.88
9 January 2004 4.11 1.68 0.87
12 January 2004 4.11 1.68 0.90
13 January 2004 4.05 1.63 0.89
14 January 2004 4.01 1.65 0.88
15 January 2004 3.99 1.67 0.88
16 January 2004 4.04 1.70 0.89
19 January 2004 ND ND ND
20 January 2004 4.08 1.69 0.90
21 January 2004 4.05 1.69 0.89
22 January 2004 3.99 1.66 0.88
23 January 2004 4.09 1.71 0.90
26 January 2004 4.16 1.75 0.91
27 January 2004 4.11 1.70 0.91
28 January 2004 4.22 1.87 0.94
29 January 2004 4.22 1.88 0.94
30 January 2004 4.16 1.84 0.92
2 February 2004 4.18 1.83 0.95
3 February 2004 4.13 1.78 0.94
4 February 2004 4.15 1.80 0.94
5 February 2004 4.20 1.85 0.94
6 February 2004 4.12 1.77 0.93
9 February 2004 4.09 1.76 0.95
10 February 2004 4.13 1.82 0.95
11 February 2004 4.05 1.73 0.93
12 February 2004 4.10 1.75 0.93
13 February 2004 4.05 1.70 0.92
16 February 2004 ND ND ND
17 February 2004 4.05 1.70 0.95
18 February 2004 4.05 1.72 0.94
19 February 2004 4.05 1.70 0.94
20 February 2004 4.10 1.75 0.94
23 February 2004 4.05 1.69 0.97
24 February 2004 4.04 1.69 0.97
25 February 2004 4.02 1.67 0.96
26 February 2004 4.05 1.69 0.96
27 February 2004 3.99 1.66 0.96
1 March 2004 4.00 1.67 0.97
2 March 2004 4.05 1.74 0.97
3 March 2004 4.07 1.74 0.97
4 March 2004 4.04 1.73 0.96
5 March 2004 3.85 1.57 0.95
8 March 2004 3.78 1.52 0.95
9 March 2004 3.73 1.51 0.96
10 March 2004 3.74 1.54 0.96
11 March 2004 3.74 1.52 0.97
12 March 2004 3.78 1.54 0.96
15 March 2004 3.78 1.56 0.97
16 March 2004 3.70 1.51 0.96
17 March 2004 3.71 1.53 0.93
18 March 2004 3.76 1.55 0.93
19 March 2004 3.80 1.56 0.93
22 March 2004 3.74 1.52 0.96
23 March 2004 3.73 1.52 0.95
24 March 2004 3.73 1.50 0.93
25 March 2004 3.75 1.51 0.93
26 March 2004 3.85 1.59 0.95
29 March 2004 3.91 1.63 0.97
30 March 2004 3.91 1.63 0.96
31 March 2004 3.86 1.60 0.95
1 April 2004 3.91 1.65 0.93
2 April 2004 4.15 1.86 0.95
5 April 2004 4.24 1.91 0.95
6 April 2004 4.19 1.86 0.93
7 April 2004 4.19 1.87 0.95
8 April 2004 4.21 1.88 0.93
9 April 2004 ND ND ND
12 April 2004 4.25 1.91 0.95
13 April 2004 4.35 2.01 0.95
14 April 2004 4.40 2.13 0.96
15 April 2004 4.42 2.10 0.95
16 April 2004 4.37 2.03 0.93
19 April 2004 4.39 2.07 0.97
20 April 2004 4.43 2.11 0.98
21 April 2004 4.45 2.22 1.00
22 April 2004 4.40 2.15 0.97
23 April 2004 4.48 2.29 0.98
26 April 2004 4.46 2.28 1.00
27 April 2004 4.43 2.21 0.99
28 April 2004 4.50 2.30 0.98
29 April 2004 4.55 2.34 0.97
30 April 2004 4.53 2.31 0.98
3 May 2004 4.53 2.34 1.01
4 May 2004 4.56 2.32 1.01
5 May 2004 4.61 2.34 0.99
6 May 2004 4.63 2.39 1.00
7 May 2004 4.79 2.64 1.07
10 May 2004 4.81 2.61 1.09
11 May 2004 4.79 2.61 1.06
12 May 2004 4.83 2.62 1.04
13 May 2004 4.85 2.67 1.00
14 May 2004 4.79 2.59 0.99
17 May 2004 4.70 2.51 1.07
18 May 2004 4.74 2.58 1.06
19 May 2004 4.79 2.61 1.04
20 May 2004 4.72 2.55 1.03
21 May 2004 4.76 2.60 1.03
24 May 2004 4.75 2.59 1.08
25 May 2004 4.73 2.58 1.08
26 May 2004 4.67 2.52 1.08
27 May 2004 4.60 2.46 1.06
28 May 2004 4.66 2.54 1.08
31 May 2004 ND ND ND
1 June 2004 4.71 2.60 1.17
2 June 2004 4.74 2.65 1.17
3 June 2004 4.71 2.63 1.17
4 June 2004 4.78 2.70 1.20
7 June 2004 4.78 2.67 1.25
8 June 2004 4.78 2.73 1.27
9 June 2004 4.82 2.79 1.27
10 June 2004 4.81 2.81 1.29
11 June 2004 ND ND ND
14 June 2004 4.89 2.97 1.42
15 June 2004 4.69 2.77 1.34
16 June 2004 4.74 2.84 1.30
17 June 2004 4.71 2.81 1.27
18 June 2004 4.72 2.81 1.28
21 June 2004 4.70 2.80 1.34
22 June 2004 4.72 2.80 1.32
23 June 2004 4.71 2.78 1.29
24 June 2004 4.66 2.74 1.28
25 June 2004 4.66 2.74 1.30
28 June 2004 4.76 2.86 1.38
29 June 2004 4.70 2.83 1.38
30 June 2004 4.62 2.70 1.33
1 July 2004 4.57 2.64 1.22
2 July 2004 4.48 2.54 1.29
5 July 2004 ND ND ND
6 July 2004 4.49 2.56 1.34
7 July 2004 4.50 2.56 1.30
8 July 2004 4.49 2.55 1.27
9 July 2004 4.49 2.55 1.27
12 July 2004 4.46 2.53 1.34
13 July 2004 4.50 2.58 1.34
14 July 2004 4.50 2.62 1.34
15 July 2004 4.50 2.64 1.34
16 July 2004 4.38 2.54 1.34
19 July 2004 4.38 2.56 1.35
20 July 2004 4.47 2.67 1.36
21 July 2004 4.50 2.71 1.35
22 July 2004 4.48 2.69 1.36
23 July 2004 4.45 2.69 1.37
26 July 2004 4.49 2.75 1.46
27 July 2004 4.62 2.82 1.47
28 July 2004 4.61 2.78 1.46
29 July 2004 4.60 2.75 1.44
30 July 2004 4.50 2.68 1.44
2 August 2004 4.48 2.66 1.51
3 August 2004 4.45 2.66 1.49
4 August 2004 4.45 2.66 1.49
5 August 2004 4.43 2.64 1.48
6 August 2004 4.24 2.40 1.43
9 August 2004 4.28 2.45 1.52
10 August 2004 4.32 2.55 1.52
11 August 2004 4.30 2.54 1.44
12 August 2004 4.27 2.52 1.43
13 August 2004 4.22 2.47 1.43
16 August 2004 4.26 2.51 1.50
17 August 2004 4.21 2.44 1.48
18 August 2004 4.23 2.44 1.49
19 August 2004 4.22 2.43 1.48
20 August 2004 4.24 2.46 1.49
23 August 2004 4.28 2.50 1.55
24 August 2004 4.28 2.50 1.55
25 August 2004 4.26 2.51 1.55
26 August 2004 4.22 2.48 1.55
27 August 2004 4.23 2.48 1.56
30 August 2004 4.19 2.47 1.62
31 August 2004 4.13 2.41 1.60
1 September 2004 4.13 2.41 1.58
2 September 2004 4.20 2.46 1.60
3 September 2004 4.30 2.61 1.65
6 September 2004 ND ND ND
7 September 2004 4.26 2.58 1.67
8 September 2004 4.18 2.50 1.65
9 September 2004 4.22 2.50 1.64
10 September 2004 4.19 2.50 1.66
13 September 2004 4.16 2.50 1.67
14 September 2004 4.15 2.47 1.67
15 September 2004 4.18 2.51 1.67
16 September 2004 4.08 2.44 1.67
17 September 2004 4.14 2.53 1.71
20 September 2004 4.07 2.46 1.73
21 September 2004 4.05 2.49 1.72
22 September 2004 4.00 2.50 1.71
23 September 2004 4.02 2.57 1.72
24 September 2004 4.04 2.62 1.73
27 September 2004 4.01 2.59 1.75
28 September 2004 4.02 2.55 1.72
29 September 2004 4.10 2.61 1.72
30 September 2004 4.14 2.63 1.71
1 October 2004 4.21 2.63 1.70
4 October 2004 4.19 2.65 1.72
5 October 2004 4.18 2.65 1.71
6 October 2004 4.23 2.70 1.71
7 October 2004 4.26 2.72 1.70
8 October 2004 4.15 2.61 1.70
11 October 2004 ND ND ND
12 October 2004 4.12 2.56 1.72
13 October 2004 4.09 2.53 1.72
14 October 2004 4.03 2.48 1.74
15 October 2004 4.07 2.53 1.75
18 October 2004 4.07 2.55 1.81
19 October 2004 4.07 2.57 1.82
20 October 2004 4.01 2.53 1.82
21 October 2004 4.01 2.57 1.84
22 October 2004 4.00 2.55 1.84
25 October 2004 3.99 2.54 1.90
26 October 2004 4.01 2.54 1.89
27 October 2004 4.11 2.63 1.92
28 October 2004 4.09 2.59 1.90
29 October 2004 4.05 2.56 1.90
1 November 2004 4.11 2.61 2.00
2 November 2004 4.10 2.60 1.98
3 November 2004 4.09 2.60 1.96
4 November 2004 4.10 2.63 1.98
5 November 2004 4.21 2.80 2.03
8 November 2004 4.22 2.80 2.08
9 November 2004 4.22 2.80 2.08
10 November 2004 4.25 2.82 2.08
11 November 2004 ND ND ND
12 November 2004 4.20 2.86 2.08
15 November 2004 4.20 2.89 2.13
16 November 2004 4.21 2.91 2.14
17 November 2004 4.14 2.85 2.13
18 November 2004 4.12 2.86 2.13
19 November 2004 4.20 2.95 2.14
22 November 2004 4.18 2.95 2.20
23 November 2004 4.19 2.98 2.17
24 November 2004 4.20 3.01 2.18
25 November 2004 ND ND ND
26 November 2004 4.24 3.03 2.20
29 November 2004 4.34 3.07 2.24
30 November 2004 4.36 3.02 2.24
1 December 2004 4.38 3.01 2.22
2 December 2004 4.40 3.04 2.22
3 December 2004 4.27 2.94 2.21
6 December 2004 4.24 2.93 2.26
7 December 2004 4.23 2.95 2.25
8 December 2004 4.14 2.91 2.24
9 December 2004 4.19 2.93 2.24
10 December 2004 4.16 2.95 2.25
13 December 2004 4.16 2.98 2.25
14 December 2004 4.14 2.99 2.22
15 December 2004 4.09 2.97 2.21
16 December 2004 4.19 3.01 2.20
17 December 2004 4.21 3.03 2.20
20 December 2004 4.21 3.06 2.23
21 December 2004 4.18 3.05 2.21
22 December 2004 4.21 3.04 2.19
23 December 2004 4.23 3.02 2.19
24 December 2004 ND ND ND
27 December 2004 4.30 3.07 2.28
28 December 2004 4.31 3.08 2.26
29 December 2004 4.33 3.12 2.23
30 December 2004 4.27 3.10 2.22
31 December 2004 4.24 3.08 2.22
3 January 2005 4.23 3.10 2.34
4 January 2005 4.29 3.20 2.35
5 January 2005 4.29 3.22 2.34
6 January 2005 4.29 3.18 2.31
7 January 2005 4.29 3.20 2.32
10 January 2005 4.29 3.23 2.38
11 January 2005 4.26 3.24 2.36
12 January 2005 4.25 3.22 2.35
13 January 2005 4.20 3.21 2.36
14 January 2005 4.23 3.24 2.37
17 January 2005 ND ND ND
18 January 2005 4.21 3.26 2.41
19 January 2005 4.20 3.26 2.38
20 January 2005 4.17 3.21 2.36
21 January 2005 4.16 3.16 2.36
24 January 2005 4.14 3.20 2.39
25 January 2005 4.20 3.23 2.41
26 January 2005 4.21 3.27 2.42
27 January 2005 4.22 3.28 2.45
28 January 2005 4.16 3.25 2.46
31 January 2005 4.14 3.29 2.53
1 February 2005 4.15 3.29 2.52
2 February 2005 4.15 3.32 2.52
3 February 2005 4.18 3.34 2.49
4 February 2005 4.09 3.29 2.48
7 February 2005 4.07 3.31 2.53
8 February 2005 4.05 3.33 2.53
9 February 2005 4.00 3.24 2.52
10 February 2005 4.07 3.29 2.52
11 February 2005 4.10 3.34 2.55
14 February 2005 4.08 3.38 2.60
15 February 2005 4.10 3.37 2.60
16 February 2005 4.16 3.41 2.58
17 February 2005 4.19 3.38 2.58
18 February 2005 4.27 3.45 2.61
21 February 2005 ND ND ND
22 February 2005 4.29 3.46 2.68
23 February 2005 4.27 3.46 2.68
24 February 2005 4.29 3.52 2.69
25 February 2005 4.27 3.54 2.75
28 February 2005 4.36 3.59 2.78
1 March 2005 4.38 3.59 2.76
2 March 2005 4.38 3.57 2.74
3 March 2005 4.39 3.59 2.76
4 March 2005 4.32 3.57 2.76
7 March 2005 4.31 3.61 2.77
8 March 2005 4.38 3.62 2.76
9 March 2005 4.52 3.66 2.76
10 March 2005 4.48 3.68 2.75
11 March 2005 4.56 3.73 2.76
14 March 2005 4.52 3.75 2.81
15 March 2005 4.54 3.75 2.81
16 March 2005 4.52 3.72 2.80
17 March 2005 4.47 3.70 2.79
18 March 2005 4.51 3.72 2.81
21 March 2005 4.53 3.72 2.86
22 March 2005 4.63 3.86 2.89
23 March 2005 4.61 3.84 2.83
24 March 2005 4.60 3.88 2.84
25 March 2005 ND ND ND
28 March 2005 4.64 3.90 2.85
29 March 2005 4.60 3.87 2.84
30 March 2005 4.56 3.86 2.83
31 March 2005 4.50 3.80 2.79
1 April 2005 4.46 3.75 2.80
4 April 2005 4.47 3.74 2.81
5 April 2005 4.48 3.75 2.80
6 April 2005 4.44 3.70 2.77
7 April 2005 4.49 3.72 2.77
8 April 2005 4.50 3.77 2.79
11 April 2005 4.45 3.75 2.77
12 April 2005 4.38 3.71 2.77
13 April 2005 4.38 3.66 2.78
14 April 2005 4.37 3.60 2.78
15 April 2005 4.27 3.54 2.79
18 April 2005 4.27 3.55 2.91
19 April 2005 4.21 3.50 2.91
20 April 2005 4.22 3.52 2.87
21 April 2005 4.32 3.65 2.88
22 April 2005 4.26 3.62 2.93
25 April 2005 4.26 3.64 2.94
26 April 2005 4.28 3.67 2.92
27 April 2005 4.25 3.64 2.89
28 April 2005 4.19 3.59 2.88
29 April 2005 4.21 3.66 2.90
2 May 2005 4.21 3.64 2.94
3 May 2005 4.21 3.68 2.91
4 May 2005 4.20 3.63 2.87
5 May 2005 4.19 3.58 2.81
6 May 2005 4.28 3.73 2.86
9 May 2005 4.29 3.76 2.92
10 May 2005 4.23 3.69 2.90
11 May 2005 4.21 3.68 2.87
12 May 2005 4.18 3.66 2.88
13 May 2005 4.12 3.61 2.82
16 May 2005 4.13 3.61 2.90
17 May 2005 4.12 3.61 2.88
18 May 2005 4.07 3.56 2.86
19 May 2005 4.11 3.64 2.87
20 May 2005 4.13 3.69 2.82
23 May 2005 4.07 3.65 2.97
24 May 2005 4.04 3.61 2.94
25 May 2005 4.08 3.61 2.95
26 May 2005 4.08 3.64 2.94
27 May 2005 4.08 3.64 2.96
30 May 2005 ND ND ND
31 May 2005 4.00 3.60 2.99
1 June 2005 3.91 3.50 2.97
2 June 2005 3.89 3.52 2.97
3 June 2005 3.98 3.57 3.00
6 June 2005 3.96 3.59 3.02
7 June 2005 3.92 3.57 3.02
8 June 2005 3.95 3.60 3.02
9 June 2005 3.98 3.64 2.99
10 June 2005 4.05 3.71 3.00
13 June 2005 4.09 3.71 3.03
14 June 2005 4.13 3.71 3.01
15 June 2005 4.12 3.72 3.00
16 June 2005 4.09 3.70 2.97
17 June 2005 4.09 3.72 2.98
20 June 2005 4.11 3.72 3.02
21 June 2005 4.06 3.71 3.02
22 June 2005 3.95 3.62 3.03
23 June 2005 3.96 3.63 3.06
24 June 2005 3.92 3.59 3.08
27 June 2005 3.90 3.60 3.16
28 June 2005 3.97 3.65 3.15
29 June 2005 3.99 3.65 3.13
30 June 2005 3.94 3.66 3.13
1 July 2005 4.06 3.76 3.17
4 July 2005 ND ND ND
5 July 2005 4.11 3.79 3.22
6 July 2005 4.08 3.77 3.19
7 July 2005 4.05 3.71 3.15
8 July 2005 4.11 3.78 3.17
11 July 2005 4.11 3.81 3.20
12 July 2005 4.15 3.82 3.21
13 July 2005 4.17 3.84 3.22
14 July 2005 4.19 3.86 3.23
15 July 2005 4.18 3.86 3.25
18 July 2005 4.22 3.89 3.30
19 July 2005 4.20 3.88 3.31
20 July 2005 4.17 3.90 3.30
21 July 2005 4.28 3.96 3.34
22 July 2005 4.23 3.92 3.37
25 July 2005 4.25 3.95 3.45
26 July 2005 4.24 3.95 3.44
27 July 2005 4.27 3.99 3.40
28 July 2005 4.20 3.96 3.40
29 July 2005 4.28 4.02 3.41
1 August 2005 4.32 4.04 3.49
2 August 2005 4.34 4.06 3.49
3 August 2005 4.30 4.02 3.46
4 August 2005 4.32 4.04 3.47
5 August 2005 4.40 4.11 3.52
8 August 2005 4.42 4.16 3.55
9 August 2005 4.41 4.13 3.52
10 August 2005 4.40 4.13 3.51
11 August 2005 4.32 4.10 3.51
12 August 2005 4.24 4.05 3.52
15 August 2005 4.27 4.08 3.55
16 August 2005 4.23 4.03 3.54
17 August 2005 4.28 4.07 3.52
18 August 2005 4.21 4.01 3.50
19 August 2005 4.21 4.03 3.52
22 August 2005 4.22 4.03 3.54
23 August 2005 4.20 4.01 3.54
24 August 2005 4.19 3.99 3.53
25 August 2005 4.18 4.00 3.54
26 August 2005 4.20 4.06 3.55
29 August 2005 4.20 4.06 3.55
30 August 2005 4.16 3.97 3.54
31 August 2005 4.02 3.84 3.52
1 September 2005 4.02 3.72 3.48
2 September 2005 4.03 3.75 3.45
5 September 2005 ND ND ND
6 September 2005 4.09 3.80 3.53
7 September 2005 4.15 3.87 3.49
8 September 2005 4.15 3.87 3.48
9 September 2005 4.14 3.88 3.49
12 September 2005 4.18 3.92 3.52
13 September 2005 4.14 3.88 3.48
14 September 2005 4.17 3.90 3.43
15 September 2005 4.22 3.90 3.45
16 September 2005 4.26 3.97 3.50
19 September 2005 4.25 3.93 3.59
20 September 2005 4.26 4.00 3.62
21 September 2005 4.19 3.96 3.42
22 September 2005 4.19 3.95 3.47
23 September 2005 4.25 4.02 3.48
26 September 2005 4.30 4.07 3.54
27 September 2005 4.30 4.08 3.50
28 September 2005 4.26 4.09 3.47
29 September 2005 4.29 4.13 3.54
30 September 2005 4.34 4.18 3.55
3 October 2005 4.39 4.21 3.62
4 October 2005 4.38 4.22 3.63
5 October 2005 4.36 4.21 3.58
6 October 2005 4.37 4.20 3.60
7 October 2005 4.35 4.18 3.62
10 October 2005 ND ND ND
11 October 2005 4.39 4.22 3.74
12 October 2005 4.45 4.24 3.70
13 October 2005 4.48 4.24 3.75
14 October 2005 4.48 4.27 3.77
17 October 2005 4.50 4.29 3.87
18 October 2005 4.49 4.27 3.86
19 October 2005 4.47 4.25 3.86
20 October 2005 4.46 4.27 3.85
21 October 2005 4.39 4.22 3.86
24 October 2005 4.45 4.25 3.93
25 October 2005 4.54 4.34 3.93
26 October 2005 4.60 4.38 3.90
27 October 2005 4.57 4.36 3.88
28 October 2005 4.58 4.40 3.92
31 October 2005 4.57 4.40 3.98
1 November 2005 4.58 4.42 3.96
2 November 2005 4.61 4.43 3.94
3 November 2005 4.65 4.47 3.94
4 November 2005 4.66 4.47 3.97
7 November 2005 4.65 4.47 3.96
8 November 2005 4.57 4.43 3.96
9 November 2005 4.64 4.49 3.99
10 November 2005 4.55 4.44 3.97
11 November 2005 ND ND ND
14 November 2005 4.61 4.50 4.02
15 November 2005 4.56 4.47 4.01
16 November 2005 4.49 4.42 4.00
17 November 2005 4.46 4.37 4.01
18 November 2005 4.50 4.40 4.00
21 November 2005 4.46 4.39 4.00
22 November 2005 4.43 4.32 3.93
23 November 2005 4.47 4.36 3.95
24 November 2005 ND ND ND
25 November 2005 4.43 4.33 3.95
28 November 2005 4.41 4.33 3.98
29 November 2005 4.48 4.40 3.98
30 November 2005 4.49 4.42 3.95
1 December 2005 4.52 4.45 3.97
2 December 2005 4.52 4.43 3.99
5 December 2005 4.57 4.47 4.05
6 December 2005 4.49 4.42 4.05
7 December 2005 4.52 4.42 4.03
8 December 2005 4.47 4.37 3.94
9 December 2005 4.54 4.43 3.94
12 December 2005 4.56 4.45 3.92
13 December 2005 4.54 4.43 3.92
14 December 2005 4.45 4.37 3.90
15 December 2005 4.47 4.37 3.93
16 December 2005 4.45 4.37 3.93
19 December 2005 4.45 4.38 3.98
20 December 2005 4.47 4.42 3.97
21 December 2005 4.49 4.43 3.99
22 December 2005 4.44 4.40 3.98
23 December 2005 4.38 4.37 3.99
26 December 2005 ND ND ND
27 December 2005 4.34 4.35 3.99
28 December 2005 4.38 4.37 3.96
29 December 2005 4.37 4.38 4.01
30 December 2005 4.39 4.41 4.08
2 January 2006 ND ND ND
3 January 2006 4.37 4.34 4.17
4 January 2006 4.36 4.31 4.19
5 January 2006 4.36 4.32 4.20
6 January 2006 4.38 4.36 4.22
9 January 2006 4.38 4.36 4.24
10 January 2006 4.43 4.41 4.29
11 January 2006 4.46 4.44 4.30
12 January 2006 4.42 4.39 4.32
13 January 2006 4.36 4.34 4.33
16 January 2006 ND ND ND
17 January 2006 4.34 4.33 4.39
18 January 2006 4.34 4.33 4.36
19 January 2006 4.38 4.37 4.36
20 January 2006 4.37 4.37 4.35
23 January 2006 4.36 4.35 4.39
24 January 2006 4.40 4.37 4.41
25 January 2006 4.49 4.46 4.43
26 January 2006 4.53 4.49 4.45
27 January 2006 4.52 4.51 4.45
30 January 2006 4.54 4.52 4.40
31 January 2006 4.53 4.54 4.48
1 February 2006 4.57 4.59 4.48
2 February 2006 4.57 4.59 4.48
3 February 2006 4.54 4.59 4.48
6 February 2006 4.55 4.62 4.49
7 February 2006 4.57 4.61 4.50
8 February 2006 4.56 4.64 4.51
9 February 2006 4.54 4.66 4.52
10 February 2006 4.59 4.69 4.53
13 February 2006 4.58 4.68 4.56
14 February 2006 4.62 4.69 4.56
15 February 2006 4.61 4.71 4.55
16 February 2006 4.59 4.69 4.55
17 February 2006 4.54 4.66 4.54
20 February 2006 ND ND ND
21 February 2006 4.57 4.71 4.57
22 February 2006 4.53 4.68 4.57
23 February 2006 4.56 4.72 4.59
24 February 2006 4.58 4.74 4.60
27 February 2006 4.59 4.74 4.63
28 February 2006 4.55 4.69 4.63
1 March 2006 4.59 4.71 4.60
2 March 2006 4.64 4.72 4.61
3 March 2006 4.68 4.76 4.61
6 March 2006 4.74 4.77 4.60
7 March 2006 4.74 4.77 4.60
8 March 2006 4.73 4.72 4.58
9 March 2006 4.74 4.72 4.59
10 March 2006 4.76 4.74 4.61
13 March 2006 4.77 4.74 4.61
14 March 2006 4.71 4.66 4.59
15 March 2006 4.73 4.69 4.63
16 March 2006 4.65 4.62 4.61
17 March 2006 4.68 4.65 4.63
20 March 2006 4.66 4.65 4.67
21 March 2006 4.71 4.72 4.69
22 March 2006 4.70 4.74 4.69
23 March 2006 4.73 4.77 4.67
24 March 2006 4.67 4.72 4.65
27 March 2006 4.70 4.72 4.63
28 March 2006 4.79 4.81 4.65
29 March 2006 4.81 4.82 4.63
30 March 2006 4.86 4.84 4.61
31 March 2006 4.86 4.82 4.63
3 April 2006 4.88 4.86 4.67
4 April 2006 4.87 4.84 4.68
5 April 2006 4.84 4.81 4.67
6 April 2006 4.90 4.84 4.68
7 April 2006 4.97 4.89 4.69
10 April 2006 4.97 4.89 4.70
11 April 2006 4.93 4.88 4.70
12 April 2006 4.98 4.91 4.70
13 April 2006 5.05 4.96 4.70
14 April 2006 ND ND ND
17 April 2006 5.01 4.91 4.73
18 April 2006 4.99 4.84 4.73
19 April 2006 5.04 4.86 4.73
20 April 2006 5.04 4.89 4.73
21 April 2006 5.01 4.90 4.75
24 April 2006 4.99 4.89 4.76
25 April 2006 5.07 4.95 4.79
26 April 2006 5.12 4.99 4.79
27 April 2006 5.09 4.91 4.78
28 April 2006 5.07 4.87 4.77
1 May 2006 5.14 4.94 4.82
2 May 2006 5.12 4.92 4.81
3 May 2006 5.15 4.94 4.82
4 May 2006 5.16 4.97 4.80
5 May 2006 5.12 4.94 4.82
8 May 2006 5.12 4.97 4.87
9 May 2006 5.13 4.97 4.88
10 May 2006 5.13 5.01 4.88
11 May 2006 5.14 4.99 4.82
12 May 2006 5.19 5.01 4.84
15 May 2006 5.15 4.99 4.86
16 May 2006 5.10 4.96 4.83
17 May 2006 5.16 4.97 4.83
18 May 2006 5.08 4.94 4.83
19 May 2006 5.05 4.96 4.82
22 May 2006 5.04 4.94 4.83
23 May 2006 5.07 4.97 4.84
24 May 2006 5.03 4.94 4.82
25 May 2006 5.07 4.98 4.82
26 May 2006 5.06 4.96 4.84
29 May 2006 ND ND ND
30 May 2006 5.09 4.99 4.84
31 May 2006 5.12 5.04 4.86
1 June 2006 5.11 5.04 4.83
2 June 2006 5.00 4.92 4.81
5 June 2006 5.02 4.99 4.85
6 June 2006 5.01 4.99 4.86
7 June 2006 5.02 5.02 4.86
8 June 2006 5.00 5.01 4.86
9 June 2006 4.98 5.01 4.87
12 June 2006 4.99 5.02 4.94
13 June 2006 4.97 5.02 4.90
14 June 2006 5.05 5.11 4.90
15 June 2006 5.10 5.14 4.84
16 June 2006 5.13 5.16 4.87
19 June 2006 5.14 5.19 4.94
20 June 2006 5.15 5.19 4.93
21 June 2006 5.16 5.20 4.92
22 June 2006 5.20 5.23 4.92
23 June 2006 5.23 5.27 4.97
26 June 2006 5.25 5.27 5.04
27 June 2006 5.21 5.24 5.05
28 June 2006 5.25 5.29 5.01
29 June 2006 5.22 5.21 5.01
30 June 2006 5.15 5.16 5.09
3 July 2006 5.15 5.17 5.09
4 July 2006 ND ND ND
5 July 2006 5.23 5.24 5.01
6 July 2006 5.19 5.22 5.00
7 July 2006 5.14 5.17 5.02
10 July 2006 5.13 5.17 5.06
11 July 2006 5.10 5.17 5.05
12 July 2006 5.10 5.17 5.06
13 July 2006 5.08 5.12 5.05
14 July 2006 5.07 5.08 5.06
17 July 2006 5.07 5.12 5.11
18 July 2006 5.13 5.19 5.13
19 July 2006 5.06 5.12 5.11
20 July 2006 5.03 5.06 5.08
21 July 2006 5.05 5.08 5.09
24 July 2006 5.05 5.10 5.10
25 July 2006 5.07 5.11 5.13
26 July 2006 5.04 5.06 5.11
27 July 2006 5.07 5.07 5.10
28 July 2006 5.00 4.98 5.07
31 July 2006 4.99 4.97 5.10
1 August 2006 4.99 4.97 5.12
2 August 2006 4.96 4.97 5.10
3 August 2006 4.96 4.98 5.11
4 August 2006 4.91 4.91 5.09
7 August 2006 4.93 4.96 5.12
8 August 2006 4.93 4.91 5.10
9 August 2006 4.92 4.91 5.07
10 August 2006 4.93 4.93 5.05
11 August 2006 4.97 4.96 5.07
14 August 2006 5.00 5.01 5.12
15 August 2006 4.93 4.94 5.10
16 August 2006 4.87 4.87 5.07
17 August 2006 4.87 4.89 5.09
18 August 2006 4.84 4.87 5.10
21 August 2006 4.82 4.85 5.11
22 August 2006 4.82 4.87 5.10
23 August 2006 4.82 4.87 5.09
24 August 2006 4.81 4.88 5.09
25 August 2006 4.79 4.86 5.11
28 August 2006 4.80 4.88 5.10
29 August 2006 4.79 4.87 5.07
30 August 2006 4.76 4.83 5.05
31 August 2006 4.74 4.79 5.05
1 September 2006 4.73 4.77 5.02
4 September 2006 ND ND ND
5 September 2006 4.78 4.80 5.00
6 September 2006 4.80 4.82 4.97
7 September 2006 4.80 4.82 4.97
8 September 2006 4.78 4.80 4.92
11 September 2006 4.80 4.83 4.94
12 September 2006 4.78 4.82 4.91
13 September 2006 4.77 4.80 4.92
14 September 2006 4.79 4.83 4.95
15 September 2006 4.80 4.87 4.95
18 September 2006 4.81 4.88 4.95
19 September 2006 4.74 4.79 4.95
20 September 2006 4.73 4.81 4.94
21 September 2006 4.65 4.71 4.92
22 September 2006 4.60 4.67 4.92
25 September 2006 4.56 4.63 4.88
26 September 2006 4.59 4.68 4.88
27 September 2006 4.60 4.66 4.88
28 September 2006 4.63 4.68 4.87
29 September 2006 4.64 4.71 4.89
2 October 2006 4.62 4.66 4.88
3 October 2006 4.62 4.67 4.91
4 October 2006 4.57 4.60 4.93
5 October 2006 4.61 4.65 4.94
6 October 2006 4.70 4.74 4.94
9 October 2006 ND ND ND
10 October 2006 4.75 4.82 5.00
11 October 2006 4.78 4.85 5.02
12 October 2006 4.79 4.85 5.06
13 October 2006 4.81 4.87 5.05
16 October 2006 4.79 4.85 5.09
17 October 2006 4.78 4.83 5.09
18 October 2006 4.77 4.85 5.09
19 October 2006 4.79 4.85 5.10
20 October 2006 4.79 4.87 5.09
23 October 2006 4.83 4.90 5.12
24 October 2006 4.83 4.91 5.13
25 October 2006 4.78 4.88 5.12
26 October 2006 4.73 4.81 5.12
27 October 2006 4.68 4.76 5.11
30 October 2006 4.68 4.78 5.10
31 October 2006 4.61 4.71 5.08
1 November 2006 4.57 4.66 5.07
2 November 2006 4.60 4.67 5.07
3 November 2006 4.72 4.82 5.09
6 November 2006 4.71 4.82 5.09
7 November 2006 4.66 4.77 5.08
8 November 2006 4.64 4.75 5.10
9 November 2006 4.62 4.75 5.09
10 November 2006 4.59 4.73 5.10
13 November 2006 4.61 4.76 5.09
14 November 2006 4.57 4.74 5.09
15 November 2006 4.61 4.80 5.09
16 November 2006 4.66 4.85 5.09
17 November 2006 4.61 4.76 5.09
20 November 2006 4.60 4.76 5.08
21 November 2006 4.58 4.75 5.07
22 November 2006 4.57 4.74 5.05
23 November 2006 ND ND ND
24 November 2006 4.55 4.73 5.04
27 November 2006 4.54 4.71 5.05
28 November 2006 4.51 4.67 5.04
29 November 2006 4.52 4.69 5.04
30 November 2006 4.46 4.62 5.03
1 December 2006 4.43 4.52 5.03
4 December 2006 4.43 4.52 5.01
5 December 2006 4.45 4.52 4.99
6 December 2006 4.48 4.59 4.99
7 December 2006 4.49 4.58 4.98
8 December 2006 4.56 4.68 4.97
11 December 2006 4.52 4.67 4.94
12 December 2006 4.49 4.61 4.94
13 December 2006 4.58 4.70 4.95
14 December 2006 4.60 4.73 4.96
15 December 2006 4.60 4.73 4.91
18 December 2006 4.60 4.71 4.97
19 December 2006 4.60 4.71 4.97
20 December 2006 4.60 4.71 4.97
21 December 2006 4.55 4.66 4.97
22 December 2006 4.63 4.71 4.99
25 December 2006 ND ND ND
26 December 2006 4.61 4.71 5.00
27 December 2006 4.66 4.77 4.98
28 December 2006 4.70 4.82 5.00
29 December 2006 4.71 4.82 5.02
1 January 2007 ND ND ND
2 January 2007 4.68 4.80 5.07
3 January 2007 4.67 4.76 5.05
4 January 2007 4.62 4.71 5.04
5 January 2007 4.65 4.76 5.05
8 January 2007 4.66 4.78 5.08
9 January 2007 4.66 4.79 5.08
10 January 2007 4.69 4.81 5.09
11 January 2007 4.74 4.86 5.11
12 January 2007 4.77 4.88 5.09
15 January 2007 ND ND ND
16 January 2007 4.75 4.86 5.11
17 January 2007 4.79 4.91 5.12
18 January 2007 4.75 4.89 5.12
19 January 2007 4.78 4.93 5.14
22 January 2007 4.76 4.91 5.13
23 January 2007 4.81 4.94 5.14
24 January 2007 4.81 4.93 5.13
25 January 2007 4.87 4.98 5.14
26 January 2007 4.88 4.99 5.13
29 January 2007 4.90 4.99 5.14
30 January 2007 4.88 4.98 5.13
31 January 2007 4.83 4.94 5.12
1 February 2007 4.84 4.96 5.13
2 February 2007 4.83 4.94 5.14
5 February 2007 4.81 4.92 5.16
6 February 2007 4.77 4.90 5.14
7 February 2007 4.74 4.87 5.16
8 February 2007 4.73 4.87 5.16
9 February 2007 4.79 4.92 5.15
12 February 2007 4.80 4.94 5.18
13 February 2007 4.82 4.95 5.17
14 February 2007 4.74 4.87 5.16
15 February 2007 4.70 4.83 5.16
16 February 2007 4.69 4.83 5.17
19 February 2007 ND ND ND
20 February 2007 4.68 4.81 5.19
21 February 2007 4.69 4.82 5.18
22 February 2007 4.73 4.87 5.19
23 February 2007 4.68 4.82 5.18
26 February 2007 4.63 4.77 5.19
27 February 2007 4.50 4.59 5.14
28 February 2007 4.56 4.65 5.16
1 March 2007 4.56 4.63 5.15
2 March 2007 4.52 4.56 5.12
5 March 2007 4.51 4.53 5.10
6 March 2007 4.53 4.58 5.14
7 March 2007 4.50 4.54 5.12
8 March 2007 4.51 4.56 5.10
9 March 2007 4.59 4.66 5.10
12 March 2007 4.56 4.62 5.09
13 March 2007 4.50 4.52 5.09
14 March 2007 4.53 4.54 5.06
15 March 2007 4.54 4.57 5.05
16 March 2007 4.55 4.58 5.04
19 March 2007 4.58 4.61 5.06
20 March 2007 4.56 4.60 5.06
21 March 2007 4.53 4.51 5.05
22 March 2007 4.60 4.58 5.06
23 March 2007 4.62 4.60 5.08
26 March 2007 4.60 4.56 5.06
27 March 2007 4.62 4.58 5.08
28 March 2007 4.62 4.53 5.06
29 March 2007 4.64 4.58 5.05
30 March 2007 4.65 4.58 5.04
2 April 2007 4.65 4.60 5.04
3 April 2007 4.67 4.63 5.05
4 April 2007 4.66 4.61 5.06
5 April 2007 4.68 4.63 5.04
6 April 2007 4.76 4.75 5.05
9 April 2007 4.75 4.73 5.02
10 April 2007 4.73 4.71 5.03
11 April 2007 4.74 4.73 5.04
12 April 2007 4.74 4.73 5.03
13 April 2007 4.76 4.76 5.02
16 April 2007 4.74 4.74 5.01
17 April 2007 4.69 4.68 5.01
18 April 2007 4.66 4.64 5.00
19 April 2007 4.68 4.64 4.99
20 April 2007 4.68 4.64 4.99
23 April 2007 4.66 4.62 4.98
24 April 2007 4.63 4.58 4.98
25 April 2007 4.66 4.63 4.97
26 April 2007 4.69 4.67 4.96
27 April 2007 4.71 4.67 4.95
30 April 2007 4.63 4.60 4.92
1 May 2007 4.64 4.63 4.90
2 May 2007 4.65 4.65 4.91
3 May 2007 4.68 4.71 4.90
4 May 2007 4.65 4.68 4.90
7 May 2007 4.64 4.68 4.90
8 May 2007 4.63 4.68 4.90
9 May 2007 4.67 4.73 4.88
10 May 2007 4.65 4.70 4.87
11 May 2007 4.67 4.71 4.86
14 May 2007 4.69 4.73 4.85
15 May 2007 4.71 4.75 4.84
16 May 2007 4.71 4.73 4.75
17 May 2007 4.76 4.78 4.81
18 May 2007 4.81 4.82 4.83
21 May 2007 4.79 4.81 4.88
22 May 2007 4.83 4.83 4.93
23 May 2007 4.86 4.85 4.91
24 May 2007 4.86 4.85 4.91
25 May 2007 4.86 4.85 4.88
28 May 2007 ND ND ND
29 May 2007 4.88 4.88 4.90
30 May 2007 4.88 4.89 4.85
31 May 2007 4.90 4.92 4.73
1 June 2007 4.95 4.97 4.79
4 June 2007 4.93 4.97 4.81
5 June 2007 4.98 4.99 4.84
6 June 2007 4.97 4.97 4.80
7 June 2007 5.11 5.03 4.80
8 June 2007 5.12 5.01 4.77
11 June 2007 5.14 5.01 4.73
12 June 2007 5.26 5.08 4.72
13 June 2007 5.20 5.08 4.66
14 June 2007 5.23 5.10 4.65
15 June 2007 5.16 5.05 4.55
18 June 2007 5.15 5.01 4.64
19 June 2007 5.09 4.94 4.65
20 June 2007 5.14 4.97 4.74
21 June 2007 5.16 4.98 4.70
22 June 2007 5.14 4.92 4.72
25 June 2007 5.09 4.87 4.83
26 June 2007 5.10 4.90 4.83
27 June 2007 5.09 4.91 4.77
28 June 2007 5.12 4.96 4.77
29 June 2007 5.03 4.87 4.81
2 July 2007 5.00 4.86 4.95
3 July 2007 5.05 4.89 4.95
4 July 2007 ND ND ND
5 July 2007 5.16 4.99 4.95
6 July 2007 5.19 4.99 4.95
9 July 2007 5.16 4.97 4.97
10 July 2007 5.03 4.85 4.95
11 July 2007 5.09 4.89 4.95
12 July 2007 5.13 4.94 4.97
13 July 2007 5.11 4.94 4.97
16 July 2007 5.05 4.89 4.98
17 July 2007 5.08 4.91 4.96
18 July 2007 5.02 4.84 4.96
19 July 2007 5.04 4.87 4.98
20 July 2007 4.96 4.79 4.97
23 July 2007 4.97 4.80 5.02
24 July 2007 4.94 4.77 5.02
25 July 2007 4.92 4.74 4.99
26 July 2007 4.79 4.56 4.92
27 July 2007 4.80 4.56 4.85
30 July 2007 4.82 4.59 4.96
31 July 2007 4.78 4.56 4.96
1 August 2007 4.76 4.56 4.89
2 August 2007 4.77 4.59 4.89
3 August 2007 4.71 4.46 4.85
6 August 2007 4.72 4.46 4.88
7 August 2007 4.77 4.56 4.94
8 August 2007 4.84 4.64 4.95
9 August 2007 4.79 4.49 4.80
10 August 2007 4.81 4.47 4.56
13 August 2007 4.78 4.46 4.74
14 August 2007 4.73 4.39 4.64
15 August 2007 4.69 4.27 4.21
16 August 2007 4.60 4.08 3.79
17 August 2007 4.68 4.18 3.74
20 August 2007 4.64 4.11 3.16
21 August 2007 4.60 4.05 3.60
22 August 2007 4.63 4.15 3.67
23 August 2007 4.62 4.20 3.89
24 August 2007 4.63 4.30 4.24
27 August 2007 4.60 4.28 4.63
28 August 2007 4.53 4.13 4.40
29 August 2007 4.57 4.14 3.98
30 August 2007 4.51 4.08 3.84
31 August 2007 4.54 4.15 4.01
3 September 2007 ND ND ND
4 September 2007 4.56 4.13 4.47
5 September 2007 4.48 4.03 4.36
6 September 2007 4.51 4.08 4.29
7 September 2007 4.38 3.90 4.06
10 September 2007 4.34 3.87 3.96
11 September 2007 4.37 3.95 4.11
12 September 2007 4.41 3.95 4.04
13 September 2007 4.49 4.08 4.08
14 September 2007 4.47 4.05 4.00
17 September 2007 4.48 4.08 4.16
18 September 2007 4.50 4.00 4.01
19 September 2007 4.53 4.00 3.93
20 September 2007 4.69 4.10 3.79
21 September 2007 4.64 4.06 3.73
24 September 2007 4.63 4.05 3.86
25 September 2007 4.63 4.00 3.80
26 September 2007 4.63 3.97 3.74
27 September 2007 4.58 3.95 3.71
28 September 2007 4.59 3.97 3.82
1 October 2007 4.56 4.02 3.93
2 October 2007 4.54 3.98 3.96
3 October 2007 4.55 4.02 3.96
4 October 2007 4.54 4.00 3.95
5 October 2007 4.65 4.08 3.99
8 October 2007 ND ND ND
9 October 2007 4.67 4.15 4.07
10 October 2007 4.65 4.15 4.06
11 October 2007 4.66 4.13 4.12
12 October 2007 4.70 4.23 4.20
15 October 2007 4.69 4.22 4.31
16 October 2007 4.66 4.12 4.25
17 October 2007 4.57 4.00 4.01
18 October 2007 4.52 3.93 3.76
19 October 2007 4.41 3.80 3.85
22 October 2007 4.42 3.85 4.00
23 October 2007 4.41 3.81 3.98
24 October 2007 4.36 3.74 3.85
25 October 2007 4.37 3.74 3.94
26 October 2007 4.41 3.77 3.96
29 October 2007 4.39 3.79 4.01
30 October 2007 4.40 3.82 3.96
31 October 2007 4.48 3.94 3.94
1 November 2007 4.36 3.77 3.81
2 November 2007 4.31 3.66 3.61
5 November 2007 4.35 3.69 3.71
6 November 2007 4.38 3.70 3.76
7 November 2007 4.34 3.61 3.49
8 November 2007 4.28 3.47 3.38
9 November 2007 4.23 3.42 3.27
12 November 2007 ND ND ND
13 November 2007 4.26 3.54 3.50
14 November 2007 4.28 3.57 3.41
15 November 2007 4.17 3.35 3.30
16 November 2007 4.15 3.33 3.40
19 November 2007 4.07 3.18 3.40
20 November 2007 4.06 3.14 3.25
21 November 2007 4.00 2.99 3.09
22 November 2007 ND ND ND
23 November 2007 4.01 3.07 3.23
26 November 2007 3.83 2.92 3.14
27 November 2007 3.95 3.05 3.16
28 November 2007 4.03 3.17 3.05
29 November 2007 3.94 3.06 2.99
30 November 2007 3.97 3.04 3.15
3 December 2007 3.89 2.90 3.06
4 December 2007 3.89 2.90 3.07
5 December 2007 3.92 2.90 3.07
6 December 2007 4.02 3.03 3.09
7 December 2007 4.12 3.12 3.11
10 December 2007 4.15 3.17 3.05
11 December 2007 3.98 2.94 2.94
12 December 2007 4.05 3.07 2.88
13 December 2007 4.18 3.21 2.87
14 December 2007 4.24 3.31 2.88
17 December 2007 4.20 3.24 3.08
18 December 2007 4.14 3.19 3.05
19 December 2007 4.06 3.12 2.92
20 December 2007 4.04 3.09 2.92
21 December 2007 4.18 3.19 2.99
24 December 2007 4.23 3.24 3.34
25 December 2007 ND ND ND
26 December 2007 4.30 3.31 3.32
27 December 2007 4.21 3.24 3.17
28 December 2007 4.11 3.12 3.18
31 December 2007 4.04 3.05 3.37
1 January 2008 ND ND ND
2 January 2008 3.91 2.88 3.26
3 January 2008 3.91 2.83 3.24
4 January 2008 3.88 2.74 3.20
7 January 2008 3.86 2.76 3.27
8 January 2008 3.86 2.76 3.25
9 January 2008 3.82 2.69 3.22
10 January 2008 3.91 2.71 3.24
11 January 2008 3.82 2.59 3.09
14 January 2008 3.81 2.58 3.19
15 January 2008 3.72 2.53 3.17
16 January 2008 3.74 2.51 3.14
17 January 2008 3.66 2.44 3.07
18 January 2008 3.66 2.36 2.86
21 January 2008 ND ND ND
22 January 2008 3.52 2.08 2.35
23 January 2008 3.51 2.09 2.21
24 January 2008 3.68 2.25 2.37
25 January 2008 3.61 2.23 2.30
28 January 2008 3.61 2.20 2.34
29 January 2008 3.69 2.29 2.28
30 January 2008 3.78 2.30 2.21
31 January 2008 3.67 2.17 1.96
1 February 2008 3.62 2.09 2.10
4 February 2008 3.68 2.08 2.27
5 February 2008 3.61 1.93 2.19
6 February 2008 3.61 1.96 2.10
7 February 2008 3.74 1.99 2.17
8 February 2008 3.64 1.93 2.23
11 February 2008 3.62 1.93 2.30
12 February 2008 3.66 1.94 2.30
13 February 2008 3.70 1.91 2.27
14 February 2008 3.85 1.93 2.31
15 February 2008 3.76 1.91 2.21
18 February 2008 ND ND ND
19 February 2008 3.89 2.06 2.28
20 February 2008 3.93 2.14 2.25
21 February 2008 3.77 1.98 2.20

Note: The data are daily and extend through February 21, 2008.

Source: Department of the Treasury.

ND No data. Return to table

Return to text

TIPS-Based Inflation Compensation, 2003-08

Figure of TIPS-based inflation compensation, 2003-08. Data are plotted as curves. Ten-year inflation compensation begins 2003 at just below 2 percent, rises to just above 2 percent in the early part of that year, and then falls to about 1.75 percent around midyear. It increases to almost 2.5 percent in late 2003 and fluctuates between 2.3 percent and 2.8 percent over the remaining periods. Five-year inflation compensation is about 1.25 percent at the beginning of 2003 and then rises gradually to a peak of just under 3 percent in the first half of 2005. It then fluctuates within a 50 basis point band around 2.5 percent through the end of 2006, when it falls more sharply to about 2 percent. It rises again to nearly 2.5 percent in early 2007, falls back to a bit less than 2 percent after midyear, and then rises to about 2.25 percent late in the year. It then fluctuates between 2 percent and 2.25 percent through February 2008.

Note: The data are daily and extend through February 21, 2008. Based on a comparison of the yield curve for Treasury inflation-protected securities (TIPS) with the nominal off-the-run Treasury yield curve.

Source: Federal Reserve Board calculations based on data provided by the Federal Reserve Bank of New York and Barclays.

Return to text

Spreads of corporate bond yields over comparable off-the-run Treasury yields, by securities rating, 1998 to 2008

Figure of spreads of corporate bond yields over comparable off-the-run Treasury yields, by securities rating, 1998-2008. Data are plotted as three curves. The high-yield bond spread fluctuates between 2.6 percent and 8.4 percent. It begins around 3 percent in 1998, rises to about 6 percent in late 1998, and then generally rises to peak near 8 percent three times: in 2000, 2001, and 2002. It then generally falls to just under 4 percent by 2004, where it fluctuates within a relatively narrow range through mid-2007. It then generally rises, reaching about 6 percent by the beginning of 2008. The BBB and AA spreads exhibit similar patterns but fluctuate within narrower and lower ranges: the BBB between 0.7 percent and 3.2 percent and the AA between 0.4 percent and 2 percent.

Note: The data are daily and extend through February 21, 2008. The spreads shown are the yields on ten-year bonds less the ten-year Treasury yield.

Source: Derived from smoothed corporate yield curves using Merrill Lynch bond data.

Return to text

Stock Price Indexes, 2005-08


January 3, 2005 = 100
Period Dow Jones financial index Wilshire 5000
3 January 2005 100.0000 100.0000
4 January 2005 98.9856 98.6958
5 January 2005 98.4407 98.1223
6 January 2005 98.9224 98.4634
7 January 2005 98.4509 98.2598
10 January 2005 98.5754 98.6642
11 January 2005 98.0509 97.9967
12 January 2005 97.7753 98.3339
13 January 2005 97.0406 97.6378
14 January 2005 97.4243 98.2923
17 January 2005 ND ND
18 January 2005 98.8407 99.2551
19 January 2005 97.9366 98.3350
20 January 2005 97.2528 97.5865
21 January 2005 96.7426 97.0654
24 January 2005 96.7038 96.5760
25 January 2005 96.6589 96.8680
26 January 2005 96.9957 97.4833
27 January 2005 96.5528 97.5381
28 January 2005 96.3344 97.2675
31 January 2005 97.5161 98.2065
1 February 2005 98.5791 98.8730
2 February 2005 98.5038 99.2654
3 February 2005 98.1285 98.9885
4 February 2005 99.2720 100.0904
7 February 2005 99.1989 99.9635
8 February 2005 98.9347 100.0335
9 February 2005 98.6183 99.0641
10 February 2005 98.9122 99.4268
11 February 2005 99.5941 100.1711
14 February 2005 99.5816 100.2617
15 February 2005 99.7831 100.5575
16 February 2005 99.3065 100.6636
17 February 2005 98.4387 99.8833
18 February 2005 97.4538 99.8863
21 February 2005 ND ND
22 February 2005 95.8849 98.3938
23 February 2005 96.5123 98.9048
24 February 2005 96.7802 99.6866
25 February 2005 97.7125 100.6652
28 February 2005 96.9918 100.0699
1 March 2005 97.8915 100.6458
2 March 2005 97.5142 100.6162
3 March 2005 97.3458 100.6399
4 March 2005 98.5825 101.5614
7 March 2005 98.8405 101.8426
8 March 2005 98.5582 101.2921
9 March 2005 97.2211 100.2628
10 March 2005 97.7261 100.3031
11 March 2005 96.7990 99.7162
14 March 2005 97.5852 100.3349
15 March 2005 96.9024 99.6778
16 March 2005 96.0403 98.8526
17 March 2005 95.7803 99.0728
18 March 2005 95.3639 98.9420
21 March 2005 94.5333 98.5528
22 March 2005 92.8462 97.6591
23 March 2005 92.7969 97.5062
24 March 2005 92.4967 97.5243
25 March 2005 ND ND
28 March 2005 92.9687 97.6732
29 March 2005 92.5583 96.8337
30 March 2005 93.5994 98.1387
31 March 2005 93.4209 98.1703
1 April 2005 92.2343 97.5838
4 April 2005 92.6917 97.8387
5 April 2005 92.8481 98.2375
6 April 2005 93.4495 98.4504
7 April 2005 93.7533 99.0048
8 April 2005 93.0781 98.1392
11 April 2005 93.1512 98.0760
12 April 2005 94.2777 98.6322
13 April 2005 93.0690 97.4411
14 April 2005 91.9990 96.3873
15 April 2005 91.0197 94.8680
18 April 2005 91.7401 95.1664
19 April 2005 92.0754 95.8903
20 April 2005 90.8406 94.6236
21 April 2005 91.5185 96.4175
22 April 2005 91.1480 95.6316
25 April 2005 92.2993 96.5591
26 April 2005 91.8557 95.7176
27 April 2005 92.9444 95.9881
28 April 2005 91.9579 94.8563
29 April 2005 93.2842 95.8527
2 May 2005 93.5516 96.3497
3 May 2005 93.5756 96.2980
4 May 2005 95.2083 97.5298
5 May 2005 94.8658 97.3606
6 May 2005 94.3440 97.3299
9 May 2005 95.1784 97.9527
10 May 2005 94.0274 96.9693
11 May 2005 94.4995 97.3212
12 May 2005 93.4972 96.3104
13 May 2005 92.6872 95.8271
16 May 2005 94.2490 96.8173
17 May 2005 94.8873 97.4631
18 May 2005 95.9767 98.5729
19 May 2005 96.1510 99.0509
20 May 2005 96.1244 98.9407
23 May 2005 96.1570 99.3824
24 May 2005 95.8954 99.4172
25 May 2005 95.3230 98.9817
26 May 2005 95.9585 99.6848
27 May 2005 96.1364 99.8748
30 May 2005 ND ND
31 May 2005 95.9082 99.4316
1 June 2005 96.7326 100.3307
2 June 2005 96.5886 100.5660
3 June 2005 95.9964 99.9051
6 June 2005 96.3061 100.0820
7 June 2005 96.3098 100.0722
8 June 2005 96.3746 99.7964
9 June 2005 96.5972 100.3774
10 June 2005 96.3811 100.1754
13 June 2005 96.4629 100.4411
14 June 2005 96.7473 100.7711
15 June 2005 97.0460 100.9968
16 June 2005 97.3909 101.4744
17 June 2005 97.9058 101.8634
20 June 2005 97.8378 101.8008
21 June 2005 97.8849 101.6004
22 June 2005 98.0087 101.6687
23 June 2005 97.0481 100.6093
24 June 2005 96.9190 99.9046
27 June 2005 96.9101 99.8491
28 June 2005 97.7604 100.8535
29 June 2005 98.0837 100.7773
30 June 2005 97.5629 100.1818
1 July 2005 97.7591 100.5148
4 July 2005 ND ND
5 July 2005 98.4787 101.4595
6 July 2005 97.8732 100.7103
7 July 2005 98.0830 100.9798
8 July 2005 99.0351 102.1962
11 July 2005 99.5109 102.9164
12 July 2005 99.7153 103.1338
13 July 2005 99.8691 103.1363
14 July 2005 100.1149 103.2327
15 July 2005 100.3458 103.3699
18 July 2005 99.4467 102.8376
19 July 2005 99.6270 103.6432
20 July 2005 100.0219 104.2090
21 July 2005 99.3974 103.4398
22 July 2005 99.9400 104.0662
25 July 2005 99.5957 103.6114
26 July 2005 99.7717 103.8486
27 July 2005 99.8164 104.2701
28 July 2005 100.1445 104.9529
29 July 2005 99.3090 104.2650
1 August 2005 99.3319 104.4328
2 August 2005 100.0179 105.1848
3 August 2005 100.1021 105.1508
4 August 2005 99.2746 104.2922
5 August 2005 97.9517 103.4009
8 August 2005 97.3116 103.0190
9 August 2005 97.8430 103.5918
10 August 2005 97.7322 103.4527
11 August 2005 98.3135 104.1864
12 August 2005 97.9400 103.6153
15 August 2005 98.4487 103.9177
16 August 2005 98.0022 102.6968
17 August 2005 97.9052 102.7107
18 August 2005 97.8914 102.5571
19 August 2005 98.0065 102.6378
22 August 2005 98.3028 102.8509
23 August 2005 97.8366 102.5653
24 August 2005 97.0141 102.0344
25 August 2005 97.3078 102.2620
26 August 2005 96.3854 101.5792
29 August 2005 96.8398 102.2183
30 August 2005 96.2796 101.9181
31 August 2005 97.0450 103.0530
1 September 2005 97.3947 103.1937
2 September 2005 97.2384 102.8206
5 September 2005 ND ND
6 September 2005 98.3675 104.0932
7 September 2005 98.3764 104.3847
8 September 2005 97.8480 103.9795
9 September 2005 98.5003 104.7478
12 September 2005 98.6162 104.7455
13 September 2005 98.0508 103.9402
14 September 2005 97.7529 103.5050
15 September 2005 97.8161 103.5108
16 September 2005 99.0836 104.2245
19 September 2005 98.2978 103.6869
20 September 2005 97.8059 102.8878
21 September 2005 96.1352 101.8280
22 September 2005 96.5706 102.1231
23 September 2005 96.8501 102.2921
26 September 2005 96.7314 102.4498
27 September 2005 96.7117 102.4267
28 September 2005 96.2166 102.4601
29 September 2005 97.7060 103.4107
30 September 2005 97.6124 103.6614
3 October 2005 97.5091 103.6614
4 October 2005 96.4201 102.6394
5 October 2005 95.7527 100.9528
6 October 2005 95.8895 100.4126
7 October 2005 95.9527 100.8321
10 October 2005 95.2929 100.1030
11 October 2005 94.6724 99.7893
12 October 2005 94.0239 98.9794
13 October 2005 94.3341 98.8834
14 October 2005 95.4404 99.8348
17 October 2005 95.5946 100.1461
18 October 2005 94.9914 99.1065
19 October 2005 96.8222 100.5422
20 October 2005 95.8474 99.1038
21 October 2005 96.4405 99.4718
24 October 2005 98.2550 101.1805
25 October 2005 97.7982 100.9101
26 October 2005 98.0468 100.4520
27 October 2005 97.5406 99.1961
28 October 2005 99.2334 100.7775
31 October 2005 99.7977 101.7549
1 November 2005 99.3408 101.4806
2 November 2005 100.3694 102.6398
3 November 2005 100.0898 103.0626
4 November 2005 100.4266 103.0738
7 November 2005 101.1348 103.3479
8 November 2005 100.6858 102.9453
9 November 2005 101.2021 103.1363
10 November 2005 103.0247 103.9627
11 November 2005 103.5921 104.2823
14 November 2005 103.5513 104.2059
15 November 2005 102.6084 103.6980
16 November 2005 102.1675 103.8220
17 November 2005 103.3982 104.9529
18 November 2005 103.8738 105.3978
21 November 2005 104.4534 106.0332
22 November 2005 105.2331 106.5925
23 November 2005 106.1082 106.9478
24 November 2005 ND ND
25 November 2005 106.2372 107.1464
28 November 2005 105.4413 106.0604
29 November 2005 105.4800 106.0767
30 November 2005 104.1412 105.6240
1 December 2005 105.0229 107.0004
2 December 2005 105.0392 107.0650
5 December 2005 104.7657 106.7260
6 December 2005 104.5861 106.8525
7 December 2005 103.7472 106.3347
8 December 2005 103.6370 106.3308
9 December 2005 104.3595 106.6269
12 December 2005 104.0738 106.7490
13 December 2005 105.0494 107.2069
14 December 2005 105.4882 107.5949
15 December 2005 104.9616 107.3326
16 December 2005 105.1086 107.0307
19 December 2005 104.3248 106.2445
20 December 2005 104.4902 106.2688
21 December 2005 104.9596 106.6396
22 December 2005 105.5147 107.1284
23 December 2005 105.7107 107.2247
26 December 2005 ND ND
27 December 2005 104.9229 106.1670
28 December 2005 104.7392 106.3740
29 December 2005 104.5085 106.0861
30 December 2005 104.0942 105.5883
2 January 2006 ND ND
3 January 2006 105.7433 107.2432
4 January 2006 105.6637 107.7460
5 January 2006 106.0536 107.7994
6 January 2006 106.6454 108.8274
9 January 2006 107.1496 109.3445
10 January 2006 107.2434 109.4438
11 January 2006 107.6761 109.7513
12 January 2006 106.9659 109.0539
13 January 2006 106.8761 109.1887
16 January 2006 ND ND
17 January 2006 105.9740 108.7873
18 January 2006 105.6107 108.4022
19 January 2006 105.4780 109.1441
20 January 2006 103.3697 107.2529
23 January 2006 103.7983 107.5000
24 January 2006 104.1473 107.9858
25 January 2006 104.2942 107.7360
26 January 2006 105.8739 108.5957
27 January 2006 106.1087 109.3480
30 January 2006 105.8393 109.4831
31 January 2006 105.5168 109.2655
1 February 2006 105.5351 109.3681
2 February 2006 104.6371 108.4082
3 February 2006 104.0942 107.8625
6 February 2006 104.3412 108.0295
7 February 2006 103.7044 107.0065
8 February 2006 104.2881 107.7751
9 February 2006 104.4657 107.5709
10 February 2006 104.8657 107.7547
13 February 2006 104.5371 107.2517
14 February 2006 105.8617 108.2799
15 February 2006 106.3822 108.7099
16 February 2006 107.0781 109.5519
17 February 2006 106.7781 109.4167
20 February 2006 ND ND
21 February 2006 106.4760 109.0565
22 February 2006 108.3048 109.8506
23 February 2006 107.9925 109.5393
24 February 2006 108.1905 109.7459
27 February 2006 108.3252 110.1620
28 February 2006 107.2843 109.0010
1 March 2006 107.7863 109.9745
2 March 2006 107.2067 109.8503
3 March 2006 106.9128 109.6947
6 March 2006 106.7414 108.9173
7 March 2006 106.8761 108.4562
8 March 2006 106.9455 108.6004
9 March 2006 106.4495 108.1056
10 March 2006 107.3271 108.8723
13 March 2006 107.3292 109.0933
14 March 2006 108.4966 110.2216
15 March 2006 108.8538 110.7589
16 March 2006 109.2293 110.9249
17 March 2006 109.5477 111.1501
20 March 2006 109.4865 111.0326
21 March 2006 108.4721 110.2807
22 March 2006 109.2089 110.9690
23 March 2006 108.7701 110.8038
24 March 2006 108.7946 111.0633
27 March 2006 108.7272 110.9896
28 March 2006 107.8884 110.4026
29 March 2006 108.5068 111.3852
30 March 2006 107.9231 111.2045
31 March 2006 107.9619 110.9678
3 April 2006 107.8659 111.0212
4 April 2006 108.8130 111.6245
5 April 2006 109.1293 112.1223
6 April 2006 108.8211 111.9569
7 April 2006 107.7925 110.8306
10 April 2006 107.8394 110.8110
11 April 2006 106.9026 109.8794
12 April 2006 107.0781 110.0774
13 April 2006 107.1741 110.2071
14 April 2006 ND ND
17 April 2006 107.1353 109.9445
18 April 2006 109.0232 111.8659
19 April 2006 109.3640 112.2957
20 April 2006 109.4763 112.3207
21 April 2006 109.3559 112.2765
24 April 2006 109.1497 111.9505
25 April 2006 108.4844 111.4707
26 April 2006 109.0599 111.6870
27 April 2006 110.4417 111.9254
28 April 2006 111.3774 112.0263
1 May 2006 109.7759 111.6087
2 May 2006 110.3559 112.2206
3 May 2006 110.1963 111.8809
4 May 2006 110.5724 112.3419
5 May 2006 112.0826 113.5138
8 May 2006 111.7193 113.4962
9 May 2006 111.8234 113.5097
10 May 2006 111.8173 113.2868
11 May 2006 110.0754 111.7382
12 May 2006 108.9655 110.3206
15 May 2006 109.5987 110.3640
16 May 2006 109.4906 110.2142
17 May 2006 107.3455 108.3938
18 May 2006 106.4687 107.6328
19 May 2006 106.9251 108.0691
22 May 2006 106.6220 107.4889
23 May 2006 106.1145 107.0381
24 May 2006 106.1515 107.0885
25 May 2006 107.2218 108.4337
26 May 2006 108.0172 109.0939
29 May 2006 ND ND
30 May 2006 106.4373 107.3304
31 May 2006 107.0781 108.3213
1 June 2006 108.5201 109.7297
2 June 2006 108.9692 109.9584
5 June 2006 107.3128 107.8987
6 June 2006 106.9495 107.5940
7 June 2006 107.3088 106.9453
8 June 2006 107.5842 106.9516
9 June 2006 107.3945 106.5290
12 June 2006 105.9890 104.9410
13 June 2006 104.0282 103.7260
14 June 2006 103.4164 104.2149
15 June 2006 105.7110 106.6681
16 June 2006 105.0583 106.2399
19 June 2006 104.3453 105.1919
20 June 2006 104.5329 105.0968
21 June 2006 105.3949 106.3021
22 June 2006 104.9494 105.7782
23 June 2006 104.3971 105.8605
26 June 2006 105.2750 106.4259
27 June 2006 104.2981 105.3985
28 June 2006 104.7405 105.8922
29 June 2006 107.0334 108.3557
30 June 2006 106.7683 108.3854
3 July 2006 107.9212 109.1936
4 July 2006 ND ND
5 July 2006 107.0898 108.2723
6 July 2006 107.3896 108.4924
7 July 2006 106.9123 107.6351
10 July 2006 107.4576 107.7236
11 July 2006 107.5634 108.1617
12 July 2006 106.4891 106.9401
13 July 2006 104.9981 105.4218
14 July 2006 104.4646 104.8041
17 July 2006 104.4824 104.5614
18 July 2006 104.7837 104.7510
19 July 2006 107.4970 106.8168
20 July 2006 107.0238 105.6114
21 July 2006 106.2393 104.6559
24 July 2006 107.6169 106.5177
25 July 2006 107.9129 107.2937
26 July 2006 107.9170 107.1820
27 July 2006 107.2720 106.5703
28 July 2006 109.1723 107.9579
31 July 2006 108.8097 107.8825
1 August 2006 108.4784 107.2547
2 August 2006 108.6335 107.9145
3 August 2006 109.0563 108.1902
4 August 2006 109.4771 108.0674
7 August 2006 109.0017 107.6922
8 August 2006 108.3399 107.2126
9 August 2006 107.0600 106.6449
10 August 2006 107.5161 107.1507
11 August 2006 107.1123 106.6302
14 August 2006 107.2409 106.7678
15 August 2006 109.0196 108.3245
16 August 2006 109.6145 109.3109
17 August 2006 109.9430 109.4869
18 August 2006 110.0845 109.8358
21 August 2006 109.6715 109.3717
22 August 2006 109.6515 109.4833
23 August 2006 109.3934 108.8660
24 August 2006 109.6215 109.0536
25 August 2006 109.0609 108.9950
28 August 2006 109.8200 109.6265
29 August 2006 109.5853 109.9752
30 August 2006 109.7557 110.1105
31 August 2006 109.8886 110.1841
1 September 2006 110.0456 110.7395
4 September 2006 ND ND
5 September 2006 110.4477 111.0261
6 September 2006 109.9944 109.7645
7 September 2006 109.2031 109.2261
8 September 2006 109.8396 109.5917
11 September 2006 110.0208 109.5533
12 September 2006 111.4044 110.8624
13 September 2006 112.1462 111.3777
14 September 2006 112.1852 111.1783
15 September 2006 112.7466 111.4566
18 September 2006 112.4500 111.5341
19 September 2006 112.6258 111.2365
20 September 2006 113.3998 111.8466
21 September 2006 112.7585 111.2259
22 September 2006 112.7001 110.8175
25 September 2006 113.7244 111.7683
26 September 2006 114.2262 112.5778
27 September 2006 113.9481 112.7104
28 September 2006 114.2277 112.8980
29 September 2006 113.9508 112.5749
2 October 2006 113.5175 112.0979
3 October 2006 114.5892 112.2359
4 October 2006 115.8809 113.6596
5 October 2006 116.0579 114.1698
6 October 2006 115.5360 113.8307
9 October 2006 115.9742 114.0717
10 October 2006 115.9850 114.3511
11 October 2006 115.5693 113.9915
12 October 2006 116.2614 115.2036
13 October 2006 116.6012 115.5300
16 October 2006 116.3879 115.9629
17 October 2006 116.1428 115.4820
18 October 2006 116.4031 115.5758
19 October 2006 115.5500 115.7451
20 October 2006 115.4773 115.7106
23 October 2006 116.1911 116.3805
24 October 2006 116.1182 116.4186
25 October 2006 116.4793 116.8617
26 October 2006 117.4708 117.6179
27 October 2006 116.3384 116.5770
30 October 2006 116.7251 116.6938
31 October 2006 116.5970 116.6499
1 November 2006 115.5433 115.6386
2 November 2006 115.2695 115.5468
3 November 2006 114.9534 115.4222
6 November 2006 116.4210 116.7707
7 November 2006 116.5873 117.0081
8 November 2006 116.9279 117.3687
9 November 2006 116.2626 116.7240
10 November 2006 116.9340 117.0497
13 November 2006 117.1014 117.3655
14 November 2006 117.7933 118.2410
15 November 2006 117.8151 118.6636
16 November 2006 118.5241 118.8589
17 November 2006 118.2985 118.9194
20 November 2006 118.8158 118.9677
21 November 2006 118.8594 119.2408
22 November 2006 119.0056 119.5634
23 November 2006 ND ND
24 November 2006 118.7037 119.2410
27 November 2006 116.6695 117.4073
28 November 2006 116.7598 117.7646
29 November 2006 117.5421 118.8911
30 November 2006 117.3960 119.0762
1 December 2006 116.9127 118.7473
4 December 2006 118.3472 119.9281
5 December 2006 118.8016 120.3866
6 December 2006 118.9667 120.2661
7 December 2006 118.5485 119.7787
8 December 2006 118.8126 119.9633
11 December 2006 119.5019 120.1811
12 December 2006 119.4944 119.9646
13 December 2006 119.5169 120.0729
14 December 2006 120.3108 121.0232
15 December 2006 120.7138 121.1021
18 December 2006 121.0405 120.5319
19 December 2006 120.8746 120.7214
20 December 2006 121.1420 120.6261
21 December 2006 120.7498 120.1574
22 December 2006 120.2445 119.5903
25 December 2006 ND ND
26 December 2006 121.0915 120.1244
27 December 2006 122.0324 121.0175
28 December 2006 121.7106 120.8318
29 December 2006 121.0262 120.2642
1 January 2007 ND ND
2 January 2007 ND ND
3 January 2007 121.3509 120.1728
4 January 2007 121.2317 120.3684
5 January 2007 120.1422 119.4818
8 January 2007 120.5218 119.7547
9 January 2007 120.4789 119.8185
10 January 2007 120.8708 120.1377
11 January 2007 121.5511 121.0461
12 January 2007 121.8128 121.6851
15 January 2007 ND ND
16 January 2007 122.0778 121.7398
17 January 2007 121.7743 121.6114
18 January 2007 121.3495 121.0515
19 January 2007 121.6742 121.5146
22 January 2007 121.4789 120.8732
23 January 2007 121.5660 121.3947
24 January 2007 122.7076 122.4599
25 January 2007 121.2283 121.1172
26 January 2007 121.4296 121.0854
29 January 2007 120.9641 121.1237
30 January 2007 121.6038 121.7921
31 January 2007 122.3582 122.5785
1 February 2007 123.0562 123.2825
2 February 2007 123.3868 123.5109
5 February 2007 123.2918 123.3729
6 February 2007 123.9869 123.5485
7 February 2007 124.6412 123.8433
8 February 2007 124.0250 123.7226
9 February 2007 122.7524 122.7821
12 February 2007 122.2329 122.3335
13 February 2007 123.4224 123.2534
14 February 2007 124.2379 124.1022
15 February 2007 124.3518 124.2654
16 February 2007 124.4529 124.2802
19 February 2007 ND ND
20 February 2007 125.0367 124.8107
21 February 2007 124.6677 124.7228
22 February 2007 124.3683 124.6603
23 February 2007 123.0515 124.2479
26 February 2007 122.1059 124.0272
27 February 2007 117.9507 119.8058
28 February 2007 118.5899 120.3828
1 March 2007 118.3219 120.0827
2 March 2007 117.0102 118.5989
5 March 2007 114.8866 117.2191
6 March 2007 117.3427 119.1492
7 March 2007 116.5170 118.8782
8 March 2007 117.5851 119.7298
9 March 2007 117.8565 119.8907
12 March 2007 117.8382 120.2607
13 March 2007 114.2287 117.8050
14 March 2007 114.9134 118.4807
15 March 2007 115.9706 119.0344
16 March 2007 115.1941 118.5504
19 March 2007 116.4847 119.8558
20 March 2007 117.2990 120.6412
21 March 2007 119.9730 122.6209
22 March 2007 119.3036 122.6504
23 March 2007 119.4856 122.7855
26 March 2007 118.9939 122.8462
27 March 2007 118.0385 122.0967
28 March 2007 116.7266 121.2073
29 March 2007 117.3341 121.5774
30 March 2007 117.2797 121.5440
2 April 2007 116.7697 121.8722
3 April 2007 118.0778 122.9938
4 April 2007 117.7887 123.1115
5 April 2007 117.9833 123.4934
6 April 2007 ND ND
9 April 2007 117.9239 123.5584
10 April 2007 118.2025 123.8742
11 April 2007 117.2488 123.0943
12 April 2007 117.2616 123.8477
13 April 2007 117.8986 124.3037
16 April 2007 120.1801 125.6133
17 April 2007 120.4563 125.7755
18 April 2007 121.4671 125.7597
19 April 2007 121.1883 125.4800
20 April 2007 122.0213 126.6105
23 April 2007 121.5889 126.3908
24 April 2007 121.1389 126.2948
25 April 2007 122.5973 127.4582
26 April 2007 122.3157 127.4381
27 April 2007 122.1691 127.3092
30 April 2007 121.2681 126.1249
1 May 2007 121.4044 126.3906
2 May 2007 122.1790 127.3886
3 May 2007 122.8767 127.8668
4 May 2007 123.1468 128.1640
7 May 2007 123.4281 128.4047
8 May 2007 123.1718 128.2394
9 May 2007 123.9357 128.7165
10 May 2007 122.2370 126.9179
11 May 2007 123.3376 128.1677
14 May 2007 122.5870 127.8000
15 May 2007 122.1547 127.4405
16 May 2007 123.2731 128.4154
17 May 2007 122.8645 128.2723
18 May 2007 123.2008 129.0995
21 May 2007 123.3694 129.5289
22 May 2007 123.7055 129.6715
23 May 2007 123.4815 129.4631
24 May 2007 122.2652 128.0594
25 May 2007 122.5087 128.7977
28 May 2007 ND ND
29 May 2007 123.1937 129.1897
30 May 2007 124.0597 130.2490
31 May 2007 123.7840 130.4252
1 June 2007 124.2499 131.0200
4 June 2007 124.2059 131.3281
5 June 2007 123.3265 130.6119
6 June 2007 122.3996 129.4214
7 June 2007 120.2182 127.1187
8 June 2007 121.5732 128.4928
11 June 2007 121.8814 128.6020
12 June 2007 120.4772 127.2497
13 June 2007 122.4345 129.0365
14 June 2007 122.2161 129.6738
15 June 2007 122.8182 130.5917
18 June 2007 122.6325 130.4441
19 June 2007 123.0509 130.6621
20 June 2007 121.0772 128.9827
21 June 2007 121.2711 129.6988
22 June 2007 119.4036 128.2419
25 June 2007 118.6097 127.7038
26 June 2007 118.3546 127.2801
27 June 2007 119.4383 128.4906
28 June 2007 119.2862 128.5118
29 June 2007 118.4484 128.3037
2 July 2007 119.9098 129.7209
3 July 2007 120.4711 130.1580
4 July 2007 ND ND
5 July 2007 120.0425 130.3145
6 July 2007 120.3261 130.8063
9 July 2007 119.9771 130.9456
10 July 2007 117.3912 129.0884
11 July 2007 117.8259 129.7552
12 July 2007 120.2159 132.0345
13 July 2007 120.4833 132.4395
16 July 2007 120.0486 132.0530
17 July 2007 120.0425 132.0564
18 July 2007 118.6668 131.7654
19 July 2007 118.3995 132.3955
20 July 2007 116.2768 130.7991
23 July 2007 116.0829 131.2360
24 July 2007 112.7296 128.5856
25 July 2007 113.5950 128.9878
26 July 2007 110.8988 126.0078
27 July 2007 109.5069 124.0873
30 July 2007 110.7356 125.2848
31 July 2007 108.8681 123.8501
1 August 2007 109.2089 124.4636
2 August 2007 109.4681 125.0914
3 August 2007 105.3229 121.7386
6 August 2007 109.9110 124.1913
7 August 2007 110.8507 125.0380
8 August 2007 113.2982 126.9168
9 August 2007 109.3810 123.4929
10 August 2007 109.1410 123.4989
13 August 2007 108.2354 123.4342
14 August 2007 105.5882 121.1312
15 August 2007 104.5106 119.3267
16 August 2007 108.1292 119.6974
17 August 2007 111.9622 122.5752
20 August 2007 111.2234 122.6852
21 August 2007 111.8683 122.9079
22 August 2007 112.7847 124.4247
23 August 2007 112.1663 124.1714
24 August 2007 112.7500 125.6514
27 August 2007 111.1989 124.5811
28 August 2007 107.6741 121.6820
29 August 2007 109.6375 124.2857
30 August 2007 108.5517 123.8043
31 August 2007 110.1927 125.2422
3 September 2007 ND ND
4 September 2007 111.4581 126.5883
5 September 2007 109.1987 125.2311
6 September 2007 109.0109 125.7256
7 September 2007 107.4292 123.6211
10 September 2007 107.1863 123.2669
11 September 2007 108.6048 124.9187
12 September 2007 108.3934 124.8640
13 September 2007 110.0376 125.7598
14 September 2007 110.1110 125.9162
17 September 2007 109.2946 125.1725
18 September 2007 114.0175 128.8195
19 September 2007 114.7237 129.6587
20 September 2007 112.8439 128.8186
21 September 2007 113.0949 129.3859
24 September 2007 111.8724 128.7443
25 September 2007 111.4315 128.6701
26 September 2007 112.0622 129.3782
27 September 2007 113.0215 129.9972
28 September 2007 112.5296 129.5805
1 October 2007 114.8135 131.3835
2 October 2007 115.8360 131.5467
3 October 2007 115.8090 130.8912
4 October 2007 116.0993 131.1822
5 October 2007 117.5708 132.6313
8 October 2007 116.6463 132.2652
9 October 2007 117.5463 133.3314
10 October 2007 116.4932 133.2600
11 October 2007 116.1544 132.4892
12 October 2007 116.0605 133.1847
15 October 2007 113.9603 131.9946
16 October 2007 111.9255 131.1235
17 October 2007 111.6846 131.3976
18 October 2007 110.5437 131.3119
19 October 2007 107.3822 127.9996
22 October 2007 108.4109 128.6167
23 October 2007 109.0926 129.7853
24 October 2007 108.2701 129.3754
25 October 2007 107.6435 129.1492
26 October 2007 110.2682 130.8973
29 October 2007 110.1335 131.4317
30 October 2007 109.6641 130.5927
31 October 2007 110.6213 132.2067
1 November 2007 105.7086 128.7292
2 November 2007 103.9615 128.7943
5 November 2007 102.5574 127.9939
6 November 2007 104.2799 129.5197
7 November 2007 99.3244 125.9045
8 November 2007 99.8918 125.8665
9 November 2007 100.0980 124.0747
12 November 2007 100.1959 122.6694
13 November 2007 104.8698 126.1106
14 November 2007 104.0942 125.2725
15 November 2007 101.1715 123.6919
16 November 2007 100.3919 124.2264
19 November 2007 97.4978 121.9942
20 November 2007 96.2936 122.3547
21 November 2007 94.4118 120.5235
22 November 2007 ND ND
23 November 2007 97.1467 122.4627
26 November 2007 93.2648 119.8543
27 November 2007 95.5833 121.4617
28 November 2007 100.1776 124.9818
29 November 2007 99.4693 125.0339
30 November 2007 102.1614 125.9589
3 December 2007 101.0838 125.2507
4 December 2007 99.2448 124.4366
5 December 2007 101.2144 126.2191
6 December 2007 103.8840 128.2422
7 December 2007 102.9451 128.1726
10 December 2007 104.9882 129.1531
11 December 2007 99.9551 125.8820
12 December 2007 99.0611 126.4759
13 December 2007 98.6366 126.5308
14 December 2007 96.7814 124.7787
17 December 2007 95.8099 122.7739
18 December 2007 96.0385 123.5844
19 December 2007 96.1813 123.5294
20 December 2007 95.7017 124.2964
21 December 2007 97.6814 126.3520
24 December 2007 99.3959 127.4622
25 December 2007 ND ND
26 December 2007 98.8856 127.5891
27 December 2007 96.6405 125.6477
28 December 2007 96.1344 125.7815
31 December 2007 96.7895 125.0050
1 January 2008 ND ND
2 January 2008 94.5710 123.2673
3 January 2008 93.7648 123.0509
4 January 2008 91.0727 119.8703
7 January 2008 91.5360 120.0301
8 January 2008 88.2419 117.7813
9 January 2008 89.5706 119.1108
10 January 2008 91.5279 120.1599
11 January 2008 91.2034 118.4506
14 January 2008 91.9565 119.6640
15 January 2008 88.7542 116.7576
16 January 2008 89.8828 116.1767
17 January 2008 85.9152 112.9434
18 January 2008 84.4253 112.2584
21 January 2008 ND ND
22 January 2008 86.3724 111.2564
23 January 2008 92.2892 113.6475
24 January 2008 92.6361 114.7889
25 January 2008 90.5156 113.2299
28 January 2008 93.5934 115.2298
29 January 2008 94.7955 115.8968
30 January 2008 93.6811 115.1951
31 January 2008 96.2793 117.2200
1 February 2008 98.1999 118.8601
4 February 2008 95.8548 117.7089
5 February 2008 91.7463 114.1794
6 February 2008 90.7217 113.1840
7 February 2008 92.2279 114.1104
8 February 2008 90.2074 113.7472
11 February 2008 88.6072 114.3956
12 February 2008 89.7726 115.1185
13 February 2008 90.4809 116.7711
14 February 2008 88.7440 115.1895
15 February 2008 89.3012 115.1625
18 February 2008 ND ND
19 February 2008 88.5501 115.1033
20 February 2008 89.9135 116.0534
21 February 2008 88.6236 114.5201

Note: The data are daily and extend through February 21, 2008.

Source: Dow Jones Indexes.

ND No data. Return to table

Return to text

Implied S&P Volatility, 2000-08


Percent
Period Implied S&P volatility
7 January 2000 21.72
14 January 2000 19.66
21 January 2000 20.82
28 January 2000 26.14
4 February 2000 21.54
11 February 2000 24.42
18 February 2000 26.00
25 February 2000 25.20
3 March 2000 19.21
10 March 2000 21.24
17 March 2000 22.37
24 March 2000 23.31
31 March 2000 23.67
7 April 2000 24.39
14 April 2000 33.49
21 April 2000 25.85
28 April 2000 26.20
5 May 2000 27.53
12 May 2000 26.05
19 May 2000 25.44
26 May 2000 24.47
2 June 2000 21.48
9 June 2000 22.14
16 June 2000 20.50
23 June 2000 22.34
30 June 2000 19.54
7 July 2000 19.22
14 July 2000 19.32
21 July 2000 18.94
28 July 2000 20.84
4 August 2000 18.62
11 August 2000 18.55
18 August 2000 17.05
25 August 2000 16.53
1 September 2000 17.53
8 September 2000 18.46
15 September 2000 18.52
22 September 2000 20.74
29 September 2000 20.57
6 October 2000 22.71
13 October 2000 27.60
20 October 2000 24.24
27 October 2000 26.47
3 November 2000 23.67
10 November 2000 28.53
17 November 2000 24.81
24 November 2000 26.00
1 December 2000 27.48
8 December 2000 22.41
15 December 2000 26.55
22 December 2000 27.55
29 December 2000 26.85
5 January 2001 28.67
12 January 2001 24.56
19 January 2001 23.24
26 January 2001 22.57
2 February 2001 23.19
9 February 2001 22.03
16 February 2001 22.12
23 February 2001 27.21
2 March 2001 27.43
9 March 2001 25.62
16 March 2001 29.91
23 March 2001 30.45
30 March 2001 28.64
6 April 2001 31.69
13 April 2001 26.12
20 April 2001 25.38
27 April 2001 26.61
4 May 2001 23.91
11 May 2001 23.54
18 May 2001 21.23
25 May 2001 20.60
1 June 2001 21.59
8 June 2001 19.92
15 June 2001 22.81
22 June 2001 20.02
29 June 2001 19.06
6 July 2001 21.63
13 July 2001 21.14
20 July 2001 22.34
27 July 2001 22.00
3 August 2001 19.89
10 August 2001 20.55
17 August 2001 23.84
24 August 2001 19.71
31 August 2001 24.92
7 September 2001 30.99
14 September 2001 31.84
21 September 2001 42.66
28 September 2001 31.93
5 October 2001 33.39
12 October 2001 35.27
19 October 2001 34.11
26 October 2001 28.42
2 November 2001 30.71
9 November 2001 27.44
16 November 2001 25.07
23 November 2001 23.25
30 November 2001 24.92
7 December 2001 23.49
14 December 2001 24.63
21 December 2001 22.50
28 December 2001 21.40
4 January 2002 20.45
11 January 2002 22.60
18 January 2002 22.52
25 January 2002 21.01
1 February 2002 21.12
8 February 2002 23.26
15 February 2002 22.37
22 February 2002 22.86
1 March 2002 19.96
8 March 2002 19.27
15 March 2002 18.42
22 March 2002 17.77
29 March 2002 17.40
5 April 2002 19.13
12 April 2002 19.42
19 April 2002 18.30
26 April 2002 22.14
3 May 2002 20.19
10 May 2002 22.41
17 May 2002 17.70
24 May 2002 18.90
31 May 2002 19.98
7 June 2002 23.51
14 June 2002 25.96
21 June 2002 27.23
28 June 2002 25.40
5 July 2002 27.11
12 July 2002 32.94
19 July 2002 38.17
26 July 2002 35.51
2 August 2002 41.29
9 August 2002 35.33
16 August 2002 28.81
23 August 2002 29.32
30 August 2002 32.64
6 September 2002 36.33
13 September 2002 35.82
20 September 2002 38.98
27 September 2002 36.97
4 October 2002 39.46
11 October 2002 35.70
18 October 2002 33.53
25 October 2002 30.00
1 November 2002 29.30
8 November 2002 29.41
15 November 2002 26.65
22 November 2002 23.16
29 November 2002 27.50
6 December 2002 28.88
13 December 2002 28.18
20 December 2002 26.71
27 December 2002 29.55
3 January 2003 24.68
10 January 2003 24.32
17 January 2003 25.70
24 January 2003 31.51
31 January 2003 31.17
7 February 2003 34.01
14 February 2003 32.62
21 February 2003 30.25
28 February 2003 29.63
7 March 2003 31.08
14 March 2003 30.98
21 March 2003 28.67
28 March 2003 27.75
4 April 2003 29.13
11 April 2003 24.44
18 April 2003 21.50
25 April 2003 20.80
2 May 2003 20.63
9 May 2003 19.69
16 May 2003 18.40
23 May 2003 19.17
30 May 2003 19.47
6 June 2003 21.25
13 June 2003 20.66
20 June 2003 19.14
27 June 2003 19.16
4 July 2003 19.39
11 July 2003 18.47
18 July 2003 19.11
25 July 2003 17.75
1 August 2003 20.75
8 August 2003 19.59
15 August 2003 18.27
22 August 2003 18.55
29 August 2003 18.63
5 September 2003 18.17
12 September 2003 18.68
19 September 2003 19.08
26 September 2003 22.23
3 October 2003 19.50
10 October 2003 18.45
17 October 2003 17.62
24 October 2003 17.71
31 October 2003 16.10
7 November 2003 16.93
14 November 2003 16.94
21 November 2003 18.98
28 November 2003 16.32
5 December 2003 17.09
12 December 2003 16.41
19 December 2003 16.42
26 December 2003 17.45
2 January 2004 18.22
9 January 2004 16.75
16 January 2004 15.00
23 January 2004 15.50
30 January 2004 16.63
6 February 2004 16.00
13 February 2004 15.63
20 February 2004 16.25
27 February 2004 14.55
5 March 2004 14.48
12 March 2004 18.30
19 March 2004 19.15
26 March 2004 17.33
2 April 2004 15.64
9 April 2004 16.26
16 April 2004 14.94
23 April 2004 14.01
30 April 2004 16.82
7 May 2004 18.13
14 May 2004 18.47
21 May 2004 18.49
28 May 2004 15.50
4 June 2004 16.78
11 June 2004 15.04
18 June 2004 14.99
25 June 2004 15.19
2 July 2004 15.08
9 July 2004 15.78
16 July 2004 14.34
23 July 2004 16.50
30 July 2004 15.32
6 August 2004 19.34
13 August 2004 17.98
20 August 2004 16.00
27 August 2004 14.71
3 September 2004 13.91
10 September 2004 13.76
17 September 2004 14.83
24 September 2004 14.28
1 October 2004 12.75
8 October 2004 15.05
15 October 2004 15.04
22 October 2004 15.28
29 October 2004 16.27
5 November 2004 13.84
12 November 2004 13.33
19 November 2004 13.50
26 November 2004 12.79
3 December 2004 12.96
10 December 2004 12.76
17 December 2004 11.95
24 December 2004 11.23
31 December 2004 13.29
7 January 2005 13.49
14 January 2005 12.43
21 January 2005 14.36
28 January 2005 13.24
4 February 2005 11.21
11 February 2005 11.43
18 February 2005 11.33
25 February 2005 11.49
4 March 2005 11.94
11 March 2005 12.80
18 March 2005 13.14
25 March 2005 13.42
1 April 2005 14.09
8 April 2005 12.62
15 April 2005 17.74
22 April 2005 15.38
29 April 2005 15.31
6 May 2005 14.05
13 May 2005 16.32
20 May 2005 13.14
27 May 2005 12.15
3 June 2005 12.15
10 June 2005 11.96
17 June 2005 11.48
24 June 2005 12.18
1 July 2005 11.40
8 July 2005 11.45
15 July 2005 10.33
22 July 2005 10.52
29 July 2005 11.57
5 August 2005 12.48
12 August 2005 12.74
19 August 2005 13.42
26 August 2005 13.72
2 September 2005 13.57
9 September 2005 11.98
16 September 2005 11.22
23 September 2005 12.96
30 September 2005 11.92
7 October 2005 14.59
14 October 2005 14.87
21 October 2005 16.13
28 October 2005 14.25
4 November 2005 13.17
11 November 2005 11.90
18 November 2005 11.12
25 November 2005 10.88
2 December 2005 11.01
9 December 2005 11.69
16 December 2005 10.68
23 December 2005 10.27
30 December 2005 12.07
6 January 2006 11.00
13 January 2006 11.23
20 January 2006 14.56
27 January 2006 11.97
3 February 2006 12.96
10 February 2006 12.87
17 February 2006 12.01
24 February 2006 11.46
3 March 2006 11.96
10 March 2006 13.59
17 March 2006 12.12
24 March 2006 11.19
31 March 2006 11.39
7 April 2006 12.26
14 April 2006 12.38
21 April 2006 11.59
28 April 2006 11.59
5 May 2006 11.62
12 May 2006 13.59
19 May 2006 17.18
26 May 2006 14.26
2 June 2006 14.32
9 June 2006 18.12
16 June 2006 17.25
23 June 2006 15.89
30 June 2006 13.08
7 July 2006 13.97
14 July 2006 18.05
21 July 2006 17.53
28 July 2006 14.33
4 August 2006 14.34
11 August 2006 14.30
18 August 2006 11.64
25 August 2006 12.31
1 September 2006 11.96
8 September 2006 13.16
15 September 2006 11.78
22 September 2006 12.60
29 September 2006 11.98
6 October 2006 11.56
13 October 2006 10.75
20 October 2006 10.63
27 October 2006 10.80
3 November 2006 11.16
10 November 2006 10.79
17 November 2006 10.05
24 November 2006 10.73
1 December 2006 11.66
8 December 2006 12.07
15 December 2006 10.05
22 December 2006 11.36
29 December 2006 11.56
5 January 2007 12.14
12 January 2007 10.15
19 January 2007 10.40
26 January 2007 11.13
2 February 2007 10.08
9 February 2007 10.44
16 February 2007 10.02
23 February 2007 10.58
2 March 2007 18.61
9 March 2007 14.09
16 March 2007 16.79
23 March 2007 12.95
30 March 2007 14.64
6 April 2007 13.23
13 April 2007 12.20
20 April 2007 12.07
27 April 2007 12.45
4 May 2007 12.91
11 May 2007 12.95
18 May 2007 12.76
25 May 2007 13.34
1 June 2007 12.78
8 June 2007 14.84
15 June 2007 13.94
22 June 2007 15.75
29 June 2007 16.23
6 July 2007 14.72
13 July 2007 15.15
20 July 2007 17.18
27 July 2007 24.17
3 August 2007 25.16
10 August 2007 28.30
17 August 2007 29.99
24 August 2007 20.72
31 August 2007 23.38
7 September 2007 26.23
14 September 2007 24.92
21 September 2007 19.00
28 September 2007 18.00
5 October 2007 16.91
12 October 2007 17.73
19 October 2007 22.96
26 October 2007 19.56
2 November 2007 23.01
9 November 2007 28.50
16 November 2007 25.49
23 November 2007 25.61
30 November 2007 22.87
7 December 2007 20.85
14 December 2007 23.27
21 December 2007 18.47
28 December 2007 20.74
4 January 2008 23.94
11 January 2008 23.68
18 January 2008 27.18
25 January 2008 29.08
1 February 2008 24.02
8 February 2008 28.01
15 February 2008 25.06
21 February 2008 25.12

Note: The data are weekly and extend through February 21, 2008. The series shown--the VIX--is the implied thirty-day volatility of the S&P 500 stock price index as calculated from a weighted average of options prices.

Source: Chicago Board Options Exchange.

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Change in Total Domestic Nonfinancial Debt, 1991-2007

Figure of change in total domestic nonfinancial debt, 1991-2007. Data are plotted as a curve. The curve starts in 1991 at nearly 4.5 percent. It then generally increases, reaching nearly 5.5 percent in 1997 and almost 7 percent in 1998. It generally decreases over the next two years, reaching about 5 percent in 2000. It rises further from 2001 through 2005, when it peaks at more than 9 percent. It then declines, reaching about 8 percent in 2007.

Note: The data are annual and are computed by dividing the annual flow for a given year by the level at the end of the preceding year. Value for 2007 is partially based on estimated data.

Source: Federal Reserve Board, flow of funds data.

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Commercial Bank Profitability, 1988-2007


Percent
Period Return on assets Return on equity
1988 0.7139 11.5991
1989 0.4658 7.3259
1990 0.4682 7.3128
1991 0.5206 7.8043
1992 0.9073 12.6375
1993 1.2027 15.3202
1994 1.1525 14.6249
1995 1.1764 14.6880
1996 1.2001 14.5147
1997 1.2505 14.8351
1998 1.1956 14.0742
1999 1.3089 15.4292
2000 1.1761 13.9696
2001 1.1727 13.3981
2002 1.3140 14.3647
2003 1.3872 15.3489
2004 1.3340 14.1404
2005 1.3106 12.9929
2006 1.3858 13.6413
2007 0.9952 9.7333

Note: The data are annual and extend through 2007.

Source: Federal Financial Institutions Examination Council, Consolidated Reports of Condition and Income (Call Report).

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M2 Growth Rate, 1991-2007


Percent
Period Growth rate
1991 3.1117
1992 1.7701
1993 1.2654
1994 0.6621
1995 3.8543
1996 4.6110
1997 5.6037
1998 8.3412
1999 6.1076
2000 5.9629
2001 10.1861
2002 6.6916
2003 5.6368
2004 5.3615
2005 4.2162
2006 4.9405
2007 5.9461

Note: The data are annual on a fourth-quarter over fourth-quarter basis. M2 consists of currency, traveler's checks, demand deposits, other checkable deposits, savings deposits (including money market deposit accounts), small-denomination time deposits, and balances in retail money market funds.

Source: Federal Reserve Board, Statistical Release H.6, "Money Stock Measures."

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Equity Indexes in Selected Advanced Foreign Economies, 2006-08

Figure of equity indexes in selected advanced foreign economies, 2006-08. Data are plotted as four curves and are expressed as indexes (the week ending January 6, 2006 = 100). From January 6, 2006, to around mid-September of that year, the curves for Canada, the United Kingdom, and the euro area track each other closely. Over nearly the entire period, the curve for the euro area stays above the curves for Canada and the United Kingdom. After mid-February 2007, the curve for Canada remains above that for the United Kingdom; until then, the curve for the United Kingdom stays above that for Canada most of the time. On January 6, 2006, the three curves begin at 100, peak around 107 in early May, drop to around 97 in mid-June, and rise again to around 105 in mid-September; at this point, the curves begin to diverge. The curve for the euro area rises to around 125 by late February 2007, while the curves for Canada and the United Kingdom both rise to around 115 over the same period. All three curves then drop: The curve for the euro area falls to about 115, while those for Canada and the United Kingdom both end up around 111--all over the course of about three weeks. From this point in mid-March, the curves for the euro area, Canada, and the United Kingdom rise, reaching around 130, 125, and 120, respectively, by late June. Between late June and early November, all three curves fall roughly 10 index points and then regain 10 index points to end up about where they were before. Between early and late November, each curve drops about 10 index points; this time, each curve regains only about 5 index points over the next month or so. At this point, the curves for the euro area, Canada, and the United Kingdom are each at about 125, 120, and 115 respectively. In early January 2008, all three curves drop sharply. By early February, the curve for the euro area falls to around 110, where it hovers over the remainder of the period. The curve for Canada also drops to about 110 by early February, but it increases later in February, reaching a value of around 118 by the end of the period. The curve for the United Kingdom drops to around 102 by early February and hovers there over the remainder of the period. The curve for Japan stays below the other three curves during the period. Starting at 100 on January 6, 2006, the curve stays between around 95 and 105 until late May; between then and mid-June, the curve drops to around 90 and fluctuates between about 90 and 98 for the rest of 2006. Over January and February 2007, the curve rises to a peak of around 107, staying between around 101 and 107 until late July. Between late July and mid-September, the curve drops about 15 index points to around 90, rises to nearly 100 in early October, then falls fairly steadily by early February 2008 to around 75, around which the curve remains for the rest of the period.

Note: The data are weekly. The last observation for each series is the average for February 18 through February 21, 2008.

Source: Bloomberg.

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Equity Indexes in Selected Emerging-Market Economies, 2006-08

Figure of equity indexes in selected emerging-market economies, 2006-08. Data are plotted as three curves and are expressed as indexes (the week ending January 6, 2006 = 100). Over the period, the curve for Latin America and that for emerging Asia track each other closely; most of the time, the curve for Latin America stays above that for emerging Asia. Both curves begin at 100 on January 6, 2006, and steadily increase to a peak of about 120 in mid-May. From about mid-May to mid-June, both curves decline to around 100. They then climb steadily until late February 2007--to about 140 for Latin America and 130 for emerging Asia. Both curves dip about 10 index points between late February and the first week of March, and then both increase very steadily, peaking around the third week of July at roughly 180 for Latin America and roughly 160 for emerging Asia. From the third week of July to about the third week of August, the curve for Latin America decreases to about 150, and that for emerging Asia decreases to about 140. From late August to about the first week of November, the curve for Latin America and that for emerging Asia climb to peaks of about 200 and 190, respectively, before dipping to about 185 and 170 by the end of November. Both curves remain within roughly 10 index points of these levels until about the second week of January 2008, when they both decline about 20 index points over the rest of that month. The curve for Latin America increases sharply during February, rising to around 200, while the curve for emerging Asia increases modestly in that month, rising to around 160. The curve for China starts at 100 on January 9, 2006, and is indistinguishable from the curves for emerging Asia and Latin America until around the second week of May, when it reaches 120. At this point, the curves for emerging Asia and Latin America drop off, as discussed earlier, and the curve for China continues to rise. The curve for China fluctuates between 130 and 140 from around the second week of May to September 1 before increasing to a peak of about 250 around the third week of February 2007. The curve fluctuates around this value for about a month before ascending again. From mid-June to early July, the curve fluctuates between the values of roughly 350 and 315. From early July to late October, the curve rises steeply to roughly 500 and hovers near there for about two weeks before dropping back to almost 400 by the end of November. In the second week of January 2008, the curve reaches a peak of around 450 before dropping to hover at around 375 from February 1 through the end of the period.

Note: The data are weekly. The last observation for each series is the average for February 18 through February 21, 2008. For the Latin American and emerging Asian groups, each economy's index weight is its market capitalization as a share of the group's total. The Latin American economies are Argentina, Brazil, Chile, Colombia, Mexico, and Peru. The emerging Asian economies are China, India, Indonesia, Malaysia, Pakistan, the Philippines, South Korea, Taiwan, and Thailand.

Source: For Latin America and emerging Asia, Morgan Stanley Capital International (MSCI) index; for China, Shanghai composite index, as reported by Bloomberg.

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Yields on Benchmark Government Bonds in Selected Advanced Foreign Economies, 2004-08

Figure of yields on benchmark government bonds in selected advanced foreign economies, 2004-08. Data are plotted as four curves. The yields for the United Kingdom start at about 4-3/4 percent, rise to about 5-1/4 percent by mid-2004, decline to about 4-1/4 percent by early 2006, rise to about 5-1/2 percent by mid-2007, decline to about 4-1/2 percent by the end of 2007, and then rise a bit to about 4-3/4 percent by the end of the period. The yields for Canada start at about 4-3/4 percent, fall to about 4-1/4 percent in early 2004, rise to about 5 percent by mid-2004, decline to about 4 percent by mid-2005, rise to just more than 4-1/2 percent by mid-2006, decline to about 4 percent by the end of 2006, rise to about 4-3/4 percent by mid-2007, and fall to just less than 4 percent by the end of the period. The yields for Germany start at about 4-1/4 percent, fall to just less than 4 percent in early 2004, rise to just more than 4-1/4 percent by mid-2004, decline to about 3 percent by late 2005, rise to about 4-3/4 percent by mid-2007, and then decline to about 4 percent by the end of the period. The yields for Japan start at just less than 1-1/2 percent, rise to nearly 2 percent by mid-2004, decline to about 1-1/4 percent by mid-2005, rise to about 2 percent by early 2006, and fall to about 1-1/2 percent by the end of the period.

Note: The data, which are for ten-year bonds, are weekly. The last observation for each series is the average for February 18 through February 21, 2008.

Source: Bloomberg.

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U.S. Dollar Nominal Exchange Rate, Broad Index, 2004-08


Week ending January 9, 2004 = 100
Period U.S. dollar exchange rate
9 January 2004 100.0
16 January 2004 100.1
23 January 2004 100.5
30 January 2004 100.9
6 February 2004 101.1
13 February 2004 100.4
20 February 2004 100.5
27 February 2004 101.5
5 March 2004 102.1
12 March 2004 102.1
19 March 2004 101.9
26 March 2004 101.7
2 April 2004 101.3
9 April 2004 101.7
16 April 2004 102.5
23 April 2004 103.3
30 April 2004 103.5
7 May 2004 103.7
14 May 2004 105.1
21 May 2004 104.5
28 May 2004 103.8
4 June 2004 103.3
11 June 2004 103.1
18 June 2004 103.6
25 June 2004 103.1
2 July 2004 102.9
9 July 2004 102.2
16 July 2004 102.2
23 July 2004 102.4
30 July 2004 103.4
6 August 2004 103.1
13 August 2004 102.7
20 August 2004 102.2
27 August 2004 102.7
3 September 2004 102.7
10 September 2004 102.4
17 September 2004 102.4
24 September 2004 102.1
1 October 2004 101.8
8 October 2004 101.6
15 October 2004 101.3
22 October 2004 100.7
29 October 2004 99.8
5 November 2004 99.3
12 November 2004 98.7
19 November 2004 98.2
26 November 2004 97.4
3 December 2004 96.9
10 December 2004 97.4
17 December 2004 97.7
24 December 2004 97.3
31 December 2004 96.7
7 January 2005 97.7
14 January 2005 97.4
21 January 2005 97.8
28 January 2005 97.9
4 February 2005 98.0
11 February 2005 98.5
18 February 2005 97.8
25 February 2005 97.4
4 March 2005 97.4
11 March 2005 96.7
18 March 2005 96.9
25 March 2005 97.8
1 April 2005 98.3
8 April 2005 98.4
15 April 2005 98.4
22 April 2005 98.0
29 April 2005 98.0
6 May 2005 98.0
13 May 2005 98.3
20 May 2005 99.0
27 May 2005 99.1
3 June 2005 99.4
10 June 2005 99.4
17 June 2005 99.8
24 June 2005 99.5
1 July 2005 99.9
8 July 2005 100.6
15 July 2005 99.8
22 July 2005 99.8
29 July 2005 99.7
5 August 2005 98.8
12 August 2005 98.4
19 August 2005 98.6
26 August 2005 98.8
2 September 2005 98.6
9 September 2005 98.0
16 September 2005 98.5
23 September 2005 98.7
30 September 2005 99.2
7 October 2005 99.3
14 October 2005 99.5
21 October 2005 99.8
28 October 2005 99.5
4 November 2005 99.8
11 November 2005 100.3
18 November 2005 100.6
25 November 2005 100.3
2 December 2005 100.0
9 December 2005 99.7
16 December 2005 99.2
23 December 2005 99.5
30 December 2005 99.7
6 January 2006 98.6
13 January 2006 98.3
20 January 2006 98.4
27 January 2006 97.7
3 February 2006 98.0
10 February 2006 98.5
17 February 2006 98.6
24 February 2006 98.5
3 March 2006 98.0
10 March 2006 98.8
17 March 2006 98.4
24 March 2006 98.6
31 March 2006 98.9
7 April 2006 98.4
14 April 2006 98.5
21 April 2006 97.7
28 April 2006 96.9
5 May 2006 95.9
12 May 2006 95.2
19 May 2006 95.9
26 May 2006 96.3
2 June 2006 96.0
9 June 2006 96.5
16 June 2006 97.1
23 June 2006 97.3
30 June 2006 97.3
7 July 2006 96.4
14 July 2006 96.7
21 July 2006 97.1
28 July 2006 96.8
4 August 2006 96.3
11 August 2006 96.0
18 August 2006 96.0
25 August 2006 96.0
1 September 2006 96.1
8 September 2006 96.1
15 September 2006 96.5
22 September 2006 96.4
29 September 2006 96.4
6 October 2006 96.5
13 October 2006 97.1
20 October 2006 96.7
27 October 2006 96.4
3 November 2006 95.9
10 November 2006 95.9
17 November 2006 96.1
24 November 2006 95.9
1 December 2006 95.1
8 December 2006 94.7
15 December 2006 95.1
22 December 2006 95.3
29 December 2006 95.4
5 January 2007 95.6
12 January 2007 96.2
19 January 2007 96.1
26 January 2007 96.1
2 February 2007 96.2
9 February 2007 96.0
16 February 2007 95.7
23 February 2007 95.5
2 March 2007 95.5
9 March 2007 95.7
16 March 2007 95.4
23 March 2007 94.9
30 March 2007 94.7
6 April 2007 94.6
13 April 2007 94.3
20 April 2007 93.7
27 April 2007 93.5
4 May 2007 93.4
11 May 2007 93.3
18 May 2007 93.2
25 May 2007 93.1
1 June 2007 92.8
8 June 2007 92.8
15 June 2007 93.2
22 June 2007 93.0
29 June 2007 92.9
6 July 2007 92.2
13 July 2007 91.8
20 July 2007 91.4
27 July 2007 91.5
3 August 2007 91.9
10 August 2007 91.8
17 August 2007 92.7
24 August 2007 92.5
31 August 2007 92.2
7 September 2007 92.0
14 September 2007 91.3
21 September 2007 90.7
28 September 2007 89.9
5 October 2007 89.7
12 October 2007 89.4
19 October 2007 89.1
26 October 2007 88.8
2 November 2007 88.0
9 November 2007 87.3
16 November 2007 87.9
23 November 2007 88.0
30 November 2007 88.1
7 December 2007 88.4
14 December 2007 88.6
21 December 2007 89.1
28 December 2007 88.4
4 January 2008 87.9
11 January 2008 88.1
18 January 2008 88.0
25 January 2008 88.1
1 February 2008 87.3
8 February 2008 87.6
15 February 2008 87.6
22 February 2008 87.4

Note: The data, which are in foreign currency units per dollar, are weekly. The last observation for each series is the average for February 18 through February 21, 2008. The broad index is a weighted average of the foreign exchange values of the U.S. dollar against the currencies of a large group of the most important U.S. trading partners. The index weights, which change over time, are derived from U.S. export shares and from U.S. and foreign import shares.

Source: Federal Reserve Board.

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U.S. Dollar Exchange Rate Against Selected Major Currencies, 2004-08

Figure of U.S. dollar exchange rate against selected major currencies, 2004-08. Data are plotted as four curves and are expressed as indexes (the week ending January 9, 2004 = 100). All series begin at 100. The exchange rate index for the Japanese yen rises to about 107 by mid-2004, declines to about 96 by late 2004, rises gradually to about 117 by mid-2007, and then declines to about 100 by the end of the period. The exchange rate index for the euro rises to about 108 by mid-2004, declines to about 96 by early 2005, rises to about 109 by late 2005, and then declines gradually to about 86 by the end of the period. The exchange rate index for the U.K. pound declines to about 94 by the end of 2004, rises to about 106 by late 2005, declines gradually to about 88 by late 2007, and then rises to about 93 by the end of the period. The exchange rate index for the Canadian dollar rises to about 108 by mid-2004, declines gradually to about 72 by late 2007, and then rises to nearly 80 by the end of the period.

Note: The data, which are in foreign currency units per dollar, are weekly. The last observation for each series is the average for February 18 through February 21, 2008.

Source: Bloomberg.

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Consumer Prices for Major Foreign Economies, 2004-08


Percent
Period Canada Euro area Japan United Kingdom
January 2004 1.3 1.9 -0.3 1.4
February 2004 0.7 1.6 0.0 1.3
March 2004 0.8 1.7 -0.1 1.1
April 2004 1.7 2.0 -0.4 1.1
May 2004 2.4 2.5 -0.5 1.5
June 2004 2.5 2.4 0.0 1.6
July 2004 2.3 2.3 -0.1 1.4
August 2004 1.9 2.3 -0.2 1.3
September 2004 1.8 2.1 0.0 1.1
October 2004 2.3 2.4 0.5 1.2
November 2004 2.4 2.2 0.8 1.5
December 2004 2.1 2.4 0.2 1.7
January 2005 1.9 1.9 0.2 1.6
February 2005 2.1 2.1 -0.1 1.7
March 2005 2.3 2.1 0.0 1.9
April 2005 2.4 2.1 0.1 1.9
May 2005 1.6 2.0 0.1 1.9
June 2005 1.7 2.1 -0.5 2.0
July 2005 2.0 2.2 -0.3 2.3
August 2005 2.6 2.2 -0.3 2.4
September 2005 3.2 2.6 -0.3 2.5
October 2005 2.6 2.5 -0.8 2.4
November 2005 2.0 2.3 -1.0 2.1
December 2005 2.1 2.2 -0.4 1.9
January 2006 2.8 2.4 -0.1 2.0
February 2006 2.2 2.3 -0.1 2.0
March 2006 2.2 2.2 -0.2 1.8
April 2006 2.4 2.5 -0.1 2.0
May 2006 2.8 2.5 0.1 2.2
June 2006 2.4 2.5 0.5 2.5
July 2006 2.3 2.4 0.3 2.4
August 2006 2.1 2.3 0.9 2.5
September 2006 0.7 1.8 0.6 2.4
October 2006 1.0 1.6 0.4 2.4
November 2006 1.4 1.9 0.3 2.7
December 2006 1.7 1.9 0.3 3.0
January 2007 1.1 1.8 0.0 2.7
February 2007 2.0 1.8 -0.2 2.8
March 2007 2.3 1.9 -0.1 3.1
April 2007 2.2 1.9 0.0 2.8
May 2007 2.2 1.9 0.0 2.5
June 2007 2.2 1.9 -0.2 2.4
July 2007 2.2 1.8 0.0 1.9
August 2007 1.7 1.8 -0.2 1.8
September 2007 2.5 2.1 -0.2 1.8
October 2007 2.4 2.6 0.3 2.1
November 2007 2.5 3.1 0.6 2.1
December 2007 2.4 3.1 0.7 2.1
January 2008 2.2 3.2 n.a. 2.2

Note: The data are monthly, and change is from one year earlier. The data extend through December 2007 for Japan and through January 2008 for Canada, the euro area, and the United Kingdom.

Source: Haver.

n.a. Not available. Return to table

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Official or Targeted Interest Rates in Selected Advanced Foreign Economies, 2004-08


Percent
Period Canada Euro area Japan United Kingdom
1 January 2004 2.50 2.00 0.00 3.75
2 January 2004 2.50 2.00 0.00 3.75
5 January 2004 2.50 2.00 0.00 3.75
6 January 2004 2.50 2.00 0.00 3.75
7 January 2004 2.50 2.00 0.00 3.75
8 January 2004 2.50 2.00 0.00 3.75
9 January 2004 2.50 2.00 0.00 3.75
12 January 2004 2.50 2.00 0.00 3.75
13 January 2004 2.50 2.00 0.00 3.75
14 January 2004 2.50 2.00 0.00 3.75
15 January 2004 2.50 2.00 0.00 3.75
16 January 2004 2.50 2.00 0.00 3.75
19 January 2004 2.50 2.00 0.00 3.75
20 January 2004 2.50 2.00 0.00 3.75
21 January 2004 2.50 2.00 0.00 3.75
22 January 2004 2.50 2.00 0.00 3.75
23 January 2004 2.50 2.00 0.00 3.75
26 January 2004 2.50 2.00 0.00 3.75
27 January 2004 2.50 2.00 0.00 3.75
28 January 2004 2.50 2.00 0.00 3.75
29 January 2004 2.50 2.00 0.00 3.75
30 January 2004 2.50 2.00 0.00 3.75
2 February 2004 2.50 2.00 0.00 4.00
3 February 2004 2.50 2.00 0.00 4.00
4 February 2004 2.50 2.00 0.00 4.00
5 February 2004 2.50 2.00 0.00 4.00
6 February 2004 2.50 2.00 0.00 4.00
9 February 2004 2.50 2.00 0.00 4.00
10 February 2004 2.50 2.00 0.00 4.00
11 February 2004 2.50 2.00 0.00 4.00
12 February 2004 2.50 2.00 0.00 4.00
13 February 2004 2.50 2.00 0.00 4.00
16 February 2004 2.50 2.00 0.00 4.00
17 February 2004 2.50 2.00 0.00 4.00
18 February 2004 2.50 2.00 0.00 4.00
19 February 2004 2.50 2.00 0.00 4.00
20 February 2004 2.50 2.00 0.00 4.00
23 February 2004 2.50 2.00 0.00 4.00
24 February 2004 2.50 2.00 0.00 4.00
25 February 2004 2.50 2.00 0.00 4.00
26 February 2004 2.50 2.00 0.00 4.00
27 February 2004 2.50 2.00 0.00 4.00
1 March 2004 2.25 2.00 0.00 4.00
2 March 2004 2.25 2.00 0.00 4.00
3 March 2004 2.25 2.00 0.00 4.00
4 March 2004 2.25 2.00 0.00 4.00
5 March 2004 2.25 2.00 0.00 4.00
8 March 2004 2.25 2.00 0.00 4.00
9 March 2004 2.25 2.00 0.00 4.00
10 March 2004 2.25 2.00 0.00 4.00
11 March 2004 2.25 2.00 0.00 4.00
12 March 2004 2.25 2.00 0.00 4.00
15 March 2004 2.25 2.00 0.00 4.00
16 March 2004 2.25 2.00 0.00 4.00
17 March 2004 2.25 2.00 0.00 4.00
18 March 2004 2.25 2.00 0.00 4.00
19 March 2004 2.25 2.00 0.00 4.00
22 March 2004 2.25 2.00 0.00 4.00
23 March 2004 2.25 2.00 0.00 4.00
24 March 2004 2.25 2.00 0.00 4.00
25 March 2004 2.25 2.00 0.00 4.00
26 March 2004 2.25 2.00 0.00 4.00
29 March 2004 2.25 2.00 0.00 4.00
30 March 2004 2.25 2.00 0.00 4.00
31 March 2004 2.25 2.00 0.00 4.00
1 April 2004 2.00 2.00 0.00 4.00
2 April 2004 2.00 2.00 0.00 4.00
5 April 2004 2.00 2.00 0.00 4.00
6 April 2004 2.00 2.00 0.00 4.00
7 April 2004 2.00 2.00 0.00 4.00
8 April 2004 2.00 2.00 0.00 4.00
9 April 2004 2.00 2.00 0.00 4.00
12 April 2004 2.00 2.00 0.00 4.00
13 April 2004 2.00 2.00 0.00 4.00
14 April 2004 2.00 2.00 0.00 4.00
15 April 2004 2.00 2.00 0.00 4.00
16 April 2004 2.00 2.00 0.00 4.00
19 April 2004 2.00 2.00 0.00 4.00
20 April 2004 2.00 2.00 0.00 4.00
21 April 2004 2.00 2.00 0.00 4.00
22 April 2004 2.00 2.00 0.00 4.00
23 April 2004 2.00 2.00 0.00 4.00
26 April 2004 2.00 2.00 0.00 4.00
27 April 2004 2.00 2.00 0.00 4.00
28 April 2004 2.00 2.00 0.00 4.00
29 April 2004 2.00 2.00 0.00 4.00
30 April 2004 2.00 2.00 0.00 4.00
3 May 2004 2.00 2.00 0.00 4.25
4 May 2004 2.00 2.00 0.00 4.25
5 May 2004 2.00 2.00 0.00 4.25
6 May 2004 2.00 2.00 0.00 4.25
7 May 2004 2.00 2.00 0.00 4.25
10 May 2004 2.00 2.00 0.00 4.25
11 May 2004 2.00 2.00 0.00 4.25
12 May 2004 2.00 2.00 0.00 4.25
13 May 2004 2.00 2.00 0.00 4.25
14 May 2004 2.00 2.00 0.00 4.25
17 May 2004 2.00 2.00 0.00 4.25
18 May 2004 2.00 2.00 0.00 4.25
19 May 2004 2.00 2.00 0.00 4.25
20 May 2004 2.00 2.00 0.00 4.25
21 May 2004 2.00 2.00 0.00 4.25
24 May 2004 2.00 2.00 0.00 4.25
25 May 2004 2.00 2.00 0.00 4.25
26 May 2004 2.00 2.00 0.00 4.25
27 May 2004 2.00 2.00 0.00 4.25
28 May 2004 2.00 2.00 0.00 4.25
31 May 2004 2.00 2.00 0.00 4.25
1 June 2004 2.00 2.00 0.00 4.50
2 June 2004 2.00 2.00 0.00 4.50
3 June 2004 2.00 2.00 0.00 4.50
4 June 2004 2.00 2.00 0.00 4.50
7 June 2004 2.00 2.00 0.00 4.50
8 June 2004 2.00 2.00 0.00 4.50
9 June 2004 2.00 2.00 0.00 4.50
10 June 2004 2.00 2.00 0.00 4.50
11 June 2004 2.00 2.00 0.00 4.50
14 June 2004 2.00 2.00 0.00 4.50
15 June 2004 2.00 2.00 0.00 4.50
16 June 2004 2.00 2.00 0.00 4.50
17 June 2004 2.00 2.00 0.00 4.50
18 June 2004 2.00 2.00 0.00 4.50
21 June 2004 2.00 2.00 0.00 4.50
22 June 2004 2.00 2.00 0.00 4.50
23 June 2004 2.00 2.00 0.00 4.50
24 June 2004 2.00 2.00 0.00 4.50
25 June 2004 2.00 2.00 0.00 4.50
28 June 2004 2.00 2.00 0.00 4.50
29 June 2004 2.00 2.00 0.00 4.50
30 June 2004 2.00 2.00 0.00 4.50
1 July 2004 2.00 2.00 0.00 4.50
2 July 2004 2.00 2.00 0.00 4.50
5 July 2004 2.00 2.00 0.00 4.50
6 July 2004 2.00 2.00 0.00 4.50
7 July 2004 2.00 2.00 0.00 4.50
8 July 2004 2.00 2.00 0.00 4.50
9 July 2004 2.00 2.00 0.00 4.50
12 July 2004 2.00 2.00 0.00 4.50
13 July 2004 2.00 2.00 0.00 4.50
14 July 2004 2.00 2.00 0.00 4.50
15 July 2004 2.00 2.00 0.00 4.50
16 July 2004 2.00 2.00 0.00 4.50
19 July 2004 2.00 2.00 0.00 4.50
20 July 2004 2.00 2.00 0.00 4.50
21 July 2004 2.00 2.00 0.00 4.50
22 July 2004 2.00 2.00 0.00 4.50
23 July 2004 2.00 2.00 0.00 4.50
26 July 2004 2.00 2.00 0.00 4.50
27 July 2004 2.00 2.00 0.00 4.50
28 July 2004 2.00 2.00 0.00 4.50
29 July 2004 2.00 2.00 0.00 4.50
30 July 2004 2.00 2.00 0.00 4.50
2 August 2004 2.00 2.00 0.00 4.75
3 August 2004 2.00 2.00 0.00 4.75
4 August 2004 2.00 2.00 0.00 4.75
5 August 2004 2.00 2.00 0.00 4.75
6 August 2004 2.00 2.00 0.00 4.75
9 August 2004 2.00 2.00 0.00 4.75
10 August 2004 2.00 2.00 0.00 4.75
11 August 2004 2.00 2.00 0.00 4.75
12 August 2004 2.00 2.00 0.00 4.75
13 August 2004 2.00 2.00 0.00 4.75
16 August 2004 2.00 2.00 0.00 4.75
17 August 2004 2.00 2.00 0.00 4.75
18 August 2004 2.00 2.00 0.00 4.75
19 August 2004 2.00 2.00 0.00 4.75
20 August 2004 2.00 2.00 0.00 4.75
23 August 2004 2.00 2.00 0.00 4.75
24 August 2004 2.00 2.00 0.00 4.75
25 August 2004 2.00 2.00 0.00 4.75
26 August 2004 2.00 2.00 0.00 4.75
27 August 2004 2.00 2.00 0.00 4.75
30 August 2004 2.00 2.00 0.00 4.75
31 August 2004 2.00 2.00 0.00 4.75
1 September 2004 2.25 2.00 0.00 4.75
2 September 2004 2.25 2.00 0.00 4.75
3 September 2004 2.25 2.00 0.00 4.75
6 September 2004 2.25 2.00 0.00 4.75
7 September 2004 2.25 2.00 0.00 4.75
8 September 2004 2.25 2.00 0.00 4.75
9 September 2004 2.25 2.00 0.00 4.75
10 September 2004 2.25 2.00 0.00 4.75
13 September 2004 2.25 2.00 0.00 4.75
14 September 2004 2.25 2.00 0.00 4.75
15 September 2004 2.25 2.00 0.00 4.75
16 September 2004 2.25 2.00 0.00 4.75
17 September 2004 2.25 2.00 0.00 4.75
20 September 2004 2.25 2.00 0.00 4.75
21 September 2004 2.25 2.00 0.00 4.75
22 September 2004 2.25 2.00 0.00 4.75
23 September 2004 2.25 2.00 0.00 4.75
24 September 2004 2.25 2.00 0.00 4.75
27 September 2004 2.25 2.00 0.00 4.75
28 September 2004 2.25 2.00 0.00 4.75
29 September 2004 2.25 2.00 0.00 4.75
30 September 2004 2.25 2.00 0.00 4.75
1 October 2004 2.50 2.00 0.00 4.75
4 October 2004 2.50 2.00 0.00 4.75
5 October 2004 2.50 2.00 0.00 4.75
6 October 2004 2.50 2.00 0.00 4.75
7 October 2004 2.50 2.00 0.00 4.75
8 October 2004 2.50 2.00 0.00 4.75
11 October 2004 2.50 2.00 0.00 4.75
12 October 2004 2.50 2.00 0.00 4.75
13 October 2004 2.50 2.00 0.00 4.75
14 October 2004 2.50 2.00 0.00 4.75
15 October 2004 2.50 2.00 0.00 4.75
18 October 2004 2.50 2.00 0.00 4.75
19 October 2004 2.50 2.00 0.00 4.75
20 October 2004 2.50 2.00 0.00 4.75
21 October 2004 2.50 2.00 0.00 4.75
22 October 2004 2.50 2.00 0.00 4.75
25 October 2004 2.50 2.00 0.00 4.75
26 October 2004 2.50 2.00 0.00 4.75
27 October 2004 2.50 2.00 0.00 4.75
28 October 2004 2.50 2.00 0.00 4.75
29 October 2004 2.50 2.00 0.00 4.75
1 November 2004 2.50 2.00 0.00 4.75
2 November 2004 2.50 2.00 0.00 4.75
3 November 2004 2.50 2.00 0.00 4.75
4 November 2004 2.50 2.00 0.00 4.75
5 November 2004 2.50 2.00 0.00 4.75
8 November 2004 2.50 2.00 0.00 4.75
9 November 2004 2.50 2.00 0.00 4.75
10 November 2004 2.50 2.00 0.00 4.75
11 November 2004 2.50 2.00 0.00 4.75
12 November 2004 2.50 2.00 0.00 4.75
15 November 2004 2.50 2.00 0.00 4.75
16 November 2004 2.50 2.00 0.00 4.75
17 November 2004 2.50 2.00 0.00 4.75
18 November 2004 2.50 2.00 0.00 4.75
19 November 2004 2.50 2.00 0.00 4.75
22 November 2004 2.50 2.00 0.00 4.75
23 November 2004 2.50 2.00 0.00 4.75
24 November 2004 2.50 2.00 0.00 4.75
25 November 2004 2.50 2.00 0.00 4.75
26 November 2004 2.50 2.00 0.00 4.75
29 November 2004 2.50 2.00 0.00 4.75
30 November 2004 2.50 2.00 0.00 4.75
1 December 2004 2.50 2.00 0.00 4.75
2 December 2004 2.50 2.00 0.00 4.75
3 December 2004 2.50 2.00 0.00 4.75
6 December 2004 2.50 2.00 0.00 4.75
7 December 2004 2.50 2.00 0.00 4.75
8 December 2004 2.50 2.00 0.00 4.75
9 December 2004 2.50 2.00 0.00 4.75
10 December 2004 2.50 2.00 0.00 4.75
13 December 2004 2.50 2.00 0.00 4.75
14 December 2004 2.50 2.00 0.00 4.75
15 December 2004 2.50 2.00 0.00 4.75
16 December 2004 2.50 2.00 0.00 4.75
17 December 2004 2.50 2.00 0.00 4.75
20 December 2004 2.50 2.00 0.00 4.75
21 December 2004 2.50 2.00 0.00 4.75
22 December 2004 2.50 2.00 0.00 4.75
23 December 2004 2.50 2.00 0.00 4.75
24 December 2004 2.50 2.00 0.00 4.75
27 December 2004 2.50 2.00 0.00 4.75
28 December 2004 2.50 2.00 0.00 4.75
29 December 2004 2.50 2.00 0.00 4.75
30 December 2004 2.50 2.00 0.00 4.75
31 December 2004 2.50 2.00 0.00 4.75
3 January 2005 2.50 2.00 0.00 4.75
4 January 2005 2.50 2.00 0.00 4.75
5 January 2005 2.50 2.00 0.00 4.75
6 January 2005 2.50 2.00 0.00 4.75
7 January 2005 2.50 2.00 0.00 4.75
10 January 2005 2.50 2.00 0.00 4.75
11 January 2005 2.50 2.00 0.00 4.75
12 January 2005 2.50 2.00 0.00 4.75
13 January 2005 2.50 2.00 0.00 4.75
14 January 2005 2.50 2.00 0.00 4.75
17 January 2005 2.50 2.00 0.00 4.75
18 January 2005 2.50 2.00 0.00 4.75
19 January 2005 2.50 2.00 0.00 4.75
20 January 2005 2.50 2.00 0.00 4.75
21 January 2005 2.50 2.00 0.00 4.75
24 January 2005 2.50 2.00 0.00 4.75
25 January 2005 2.50 2.00 0.00 4.75
26 January 2005 2.50 2.00 0.00 4.75
27 January 2005 2.50 2.00 0.00 4.75
28 January 2005 2.50 2.00 0.00 4.75
31 January 2005 2.50 2.00 0.00 4.75
1 February 2005 2.50 2.00 0.00 4.75
2 February 2005 2.50 2.00 0.00 4.75
3 February 2005 2.50 2.00 0.00 4.75
4 February 2005 2.50 2.00 0.00 4.75
7 February 2005 2.50 2.00 0.00 4.75
8 February 2005 2.50 2.00 0.00 4.75
9 February 2005 2.50 2.00 0.00 4.75
10 February 2005 2.50 2.00 0.00 4.75
11 February 2005 2.50 2.00 0.00 4.75
14 February 2005 2.50 2.00 0.00 4.75
15 February 2005 2.50 2.00 0.00 4.75
16 February 2005 2.50 2.00 0.00 4.75
17 February 2005 2.50 2.00 0.00 4.75
18 February 2005 2.50 2.00 0.00 4.75
21 February 2005 2.50 2.00 0.00 4.75
22 February 2005 2.50 2.00 0.00 4.75
23 February 2005 2.50 2.00 0.00 4.75
24 February 2005 2.50 2.00 0.00 4.75
25 February 2005 2.50 2.00 0.00 4.75
28 February 2005 2.50 2.00 0.00 4.75
1 March 2005 2.50 2.00 0.00 4.75
2 March 2005 2.50 2.00 0.00 4.75
3 March 2005 2.50 2.00 0.00 4.75
4 March 2005 2.50 2.00 0.00 4.75
7 March 2005 2.50 2.00 0.00 4.75
8 March 2005 2.50 2.00 0.00 4.75
9 March 2005 2.50 2.00 0.00 4.75
10 March 2005 2.50 2.00 0.00 4.75
11 March 2005 2.50 2.00 0.00 4.75
14 March 2005 2.50 2.00 0.00 4.75
15 March 2005 2.50 2.00 0.00 4.75
16 March 2005 2.50 2.00 0.00 4.75
17 March 2005 2.50 2.00 0.00 4.75
18 March 2005 2.50 2.00 0.00 4.75
21 March 2005 2.50 2.00 0.00 4.75
22 March 2005 2.50 2.00 0.00 4.75
23 March 2005 2.50 2.00 0.00 4.75
24 March 2005 2.50 2.00 0.00 4.75
25 March 2005 2.50 2.00 0.00 4.75
28 March 2005 2.50 2.00 0.00 4.75
29 March 2005 2.50 2.00 0.00 4.75
30 March 2005 2.50 2.00 0.00 4.75
31 March 2005 2.50 2.00 0.00 4.75
1 April 2005 2.50 2.00 0.00 4.75
4 April 2005 2.50 2.00 0.00 4.75
5 April 2005 2.50 2.00 0.00 4.75
6 April 2005 2.50 2.00 0.00 4.75
7 April 2005 2.50 2.00 0.00 4.75
8 April 2005 2.50 2.00 0.00 4.75
11 April 2005 2.50 2.00 0.00 4.75
12 April 2005 2.50 2.00 0.00 4.75
13 April 2005 2.50 2.00 0.00 4.75
14 April 2005 2.50 2.00 0.00 4.75
15 April 2005 2.50 2.00 0.00 4.75
18 April 2005 2.50 2.00 0.00 4.75
19 April 2005 2.50 2.00 0.00 4.75
20 April 2005 2.50 2.00 0.00 4.75
21 April 2005 2.50 2.00 0.00 4.75
22 April 2005 2.50 2.00 0.00 4.75
25 April 2005 2.50 2.00 0.00 4.75
26 April 2005 2.50 2.00 0.00 4.75
27 April 2005 2.50 2.00 0.00 4.75
28 April 2005 2.50 2.00 0.00 4.75
29 April 2005 2.50 2.00 0.00 4.75
2 May 2005 2.50 2.00 0.00 4.75
3 May 2005 2.50 2.00 0.00 4.75
4 May 2005 2.50 2.00 0.00 4.75
5 May 2005 2.50 2.00 0.00 4.75
6 May 2005 2.50 2.00 0.00 4.75
9 May 2005 2.50 2.00 0.00 4.75
10 May 2005 2.50 2.00 0.00 4.75
11 May 2005 2.50 2.00 0.00 4.75
12 May 2005 2.50 2.00 0.00 4.75
13 May 2005 2.50 2.00 0.00 4.75
16 May 2005 2.50 2.00 0.00 4.75
17 May 2005 2.50 2.00 0.00 4.75
18 May 2005 2.50 2.00 0.00 4.75
19 May 2005 2.50 2.00 0.00 4.75
20 May 2005 2.50 2.00 0.00 4.75
23 May 2005 2.50 2.00 0.00 4.75
24 May 2005 2.50 2.00 0.00 4.75
25 May 2005 2.50 2.00 0.00 4.75
26 May 2005 2.50 2.00 0.00 4.75
27 May 2005 2.50 2.00 0.00 4.75
30 May 2005 2.50 2.00 0.00 4.75
31 May 2005 2.50 2.00 0.00 4.75
1 June 2005 2.50 2.00 0.00 4.75
2 June 2005 2.50 2.00 0.00 4.75
3 June 2005 2.50 2.00 0.00 4.75
6 June 2005 2.50 2.00 0.00 4.75
7 June 2005 2.50 2.00 0.00 4.75
8 June 2005 2.50 2.00 0.00 4.75
9 June 2005 2.50 2.00 0.00 4.75
10 June 2005 2.50 2.00 0.00 4.75
13 June 2005 2.50 2.00 0.00 4.75
14 June 2005 2.50 2.00 0.00 4.75
15 June 2005 2.50 2.00 0.00 4.75
16 June 2005 2.50 2.00 0.00 4.75
17 June 2005 2.50 2.00 0.00 4.75
20 June 2005 2.50 2.00 0.00 4.75
21 June 2005 2.50 2.00 0.00 4.75
22 June 2005 2.50 2.00 0.00 4.75
23 June 2005 2.50 2.00 0.00 4.75
24 June 2005 2.50 2.00 0.00 4.75
27 June 2005 2.50 2.00 0.00 4.75
28 June 2005 2.50 2.00 0.00 4.75
29 June 2005 2.50 2.00 0.00 4.75
30 June 2005 2.50 2.00 0.00 4.75
1 July 2005 2.50 2.00 0.00 4.75
4 July 2005 2.50 2.00 0.00 4.75
5 July 2005 2.50 2.00 0.00 4.75
6 July 2005 2.50 2.00 0.00 4.75
7 July 2005 2.50 2.00 0.00 4.75
8 July 2005 2.50 2.00 0.00 4.75
11 July 2005 2.50 2.00 0.00 4.75
12 July 2005 2.50 2.00 0.00 4.75
13 July 2005 2.50 2.00 0.00 4.75
14 July 2005 2.50 2.00 0.00 4.75
15 July 2005 2.50 2.00 0.00 4.75
18 July 2005 2.50 2.00 0.00 4.75
19 July 2005 2.50 2.00 0.00 4.75
20 July 2005 2.50 2.00 0.00 4.75
21 July 2005 2.50 2.00 0.00 4.75
22 July 2005 2.50 2.00 0.00 4.75
25 July 2005 2.50 2.00 0.00 4.75
26 July 2005 2.50 2.00 0.00 4.75
27 July 2005 2.50 2.00 0.00 4.75
28 July 2005 2.50 2.00 0.00 4.75
29 July 2005 2.50 2.00 0.00 4.75
1 August 2005 2.50 2.00 0.00 4.50
2 August 2005 2.50 2.00 0.00 4.50
3 August 2005 2.50 2.00 0.00 4.50
4 August 2005 2.50 2.00 0.00 4.50
5 August 2005 2.50 2.00 0.00 4.50
8 August 2005 2.50 2.00 0.00 4.50
9 August 2005 2.50 2.00 0.00 4.50
10 August 2005 2.50 2.00 0.00 4.50
11 August 2005 2.50 2.00 0.00 4.50
12 August 2005 2.50 2.00 0.00 4.50
15 August 2005 2.50 2.00 0.00 4.50
16 August 2005 2.50 2.00 0.00 4.50
17 August 2005 2.50 2.00 0.00 4.50
18 August 2005 2.50 2.00 0.00 4.50
19 August 2005 2.50 2.00 0.00 4.50
22 August 2005 2.50 2.00 0.00 4.50
23 August 2005 2.50 2.00 0.00 4.50
24 August 2005 2.50 2.00 0.00 4.50
25 August 2005 2.50 2.00 0.00 4.50
26 August 2005 2.50 2.00 0.00 4.50
29 August 2005 2.50 2.00 0.00 4.50
30 August 2005 2.50 2.00 0.00 4.50
31 August 2005 2.50 2.00 0.00 4.50
1 September 2005 2.75 2.00 0.00 4.50
2 September 2005 2.75 2.00 0.00 4.50
5 September 2005 2.75 2.00 0.00 4.50
6 September 2005 2.75 2.00 0.00 4.50
7 September 2005 2.75 2.00 0.00 4.50
8 September 2005 2.75 2.00 0.00 4.50
9 September 2005 2.75 2.00 0.00 4.50
12 September 2005 2.75 2.00 0.00 4.50
13 September 2005 2.75 2.00 0.00 4.50
14 September 2005 2.75 2.00 0.00 4.50
15 September 2005 2.75 2.00 0.00 4.50
16 September 2005 2.75 2.00 0.00 4.50
19 September 2005 2.75 2.00 0.00 4.50
20 September 2005 2.75 2.00 0.00 4.50
21 September 2005 2.75 2.00 0.00 4.50
22 September 2005 2.75 2.00 0.00 4.50
23 September 2005 2.75 2.00 0.00 4.50
26 September 2005 2.75 2.00 0.00 4.50
27 September 2005 2.75 2.00 0.00 4.50
28 September 2005 2.75 2.00 0.00 4.50
29 September 2005 2.75 2.00 0.00 4.50
30 September 2005 2.75 2.00 0.00 4.50
3 October 2005 3.00 2.00 0.00 4.50
4 October 2005 3.00 2.00 0.00 4.50
5 October 2005 3.00 2.00 0.00 4.50
6 October 2005 3.00 2.00 0.00 4.50
7 October 2005 3.00 2.00 0.00 4.50
10 October 2005 3.00 2.00 0.00 4.50
11 October 2005 3.00 2.00 0.00 4.50
12 October 2005 3.00 2.00 0.00 4.50
13 October 2005 3.00 2.00 0.00 4.50
14 October 2005 3.00 2.00 0.00 4.50
17 October 2005 3.00 2.00 0.00 4.50
18 October 2005 3.00 2.00 0.00 4.50
19 October 2005 3.00 2.00 0.00 4.50
20 October 2005 3.00 2.00 0.00 4.50
21 October 2005 3.00 2.00 0.00 4.50
24 October 2005 3.00 2.00 0.00 4.50
25 October 2005 3.00 2.00 0.00 4.50
26 October 2005 3.00 2.00 0.00 4.50
27 October 2005 3.00 2.00 0.00 4.50
28 October 2005 3.00 2.00 0.00 4.50
31 October 2005 3.00 2.00 0.00 4.50
1 November 2005 3.00 2.00 0.00 4.50
2 November 2005 3.00 2.00 0.00 4.50
3 November 2005 3.00 2.00 0.00 4.50
4 November 2005 3.00 2.00 0.00 4.50
7 November 2005 3.00 2.00 0.00 4.50
8 November 2005 3.00 2.00 0.00 4.50
9 November 2005 3.00 2.00 0.00 4.50
10 November 2005 3.00 2.00 0.00 4.50
11 November 2005 3.00 2.00 0.00 4.50
14 November 2005 3.00 2.00 0.00 4.50
15 November 2005 3.00 2.00 0.00 4.50
16 November 2005 3.00 2.00 0.00 4.50
17 November 2005 3.00 2.00 0.00 4.50
18 November 2005 3.00 2.00 0.00 4.50
21 November 2005 3.00 2.00 0.00 4.50
22 November 2005 3.00 2.00 0.00 4.50
23 November 2005 3.00 2.00 0.00 4.50
24 November 2005 3.00 2.00 0.00 4.50
25 November 2005 3.00 2.00 0.00 4.50
28 November 2005 3.00 2.00 0.00 4.50
29 November 2005 3.00 2.00 0.00 4.50
30 November 2005 3.00 2.00 0.00 4.50
1 December 2005 3.25 2.25 0.00 4.50
2 December 2005 3.25 2.25 0.00 4.50
5 December 2005 3.25 2.25 0.00 4.50
6 December 2005 3.25 2.25 0.00 4.50
7 December 2005 3.25 2.25 0.00 4.50
8 December 2005 3.25 2.25 0.00 4.50
9 December 2005 3.25 2.25 0.00 4.50
12 December 2005 3.25 2.25 0.00 4.50
13 December 2005 3.25 2.25 0.00 4.50
14 December 2005 3.25 2.25 0.00 4.50
15 December 2005 3.25 2.25 0.00 4.50
16 December 2005 3.25 2.25 0.00 4.50
19 December 2005 3.25 2.25 0.00 4.50
20 December 2005 3.25 2.25 0.00 4.50
21 December 2005 3.25 2.25 0.00 4.50
22 December 2005 3.25 2.25 0.00 4.50
23 December 2005 3.25 2.25 0.00 4.50
26 December 2005 3.25 2.25 0.00 4.50
27 December 2005 3.25 2.25 0.00 4.50
28 December 2005 3.25 2.25 0.00 4.50
29 December 2005 3.25 2.25 0.00 4.50
30 December 2005 3.25 2.25 0.00 4.50
2 January 2006 3.50 2.25 0.00 4.50
3 January 2006 3.50 2.25 0.00 4.50
4 January 2006 3.50 2.25 0.00 4.50
5 January 2006 3.50 2.25 0.00 4.50
6 January 2006 3.50 2.25 0.00 4.50
9 January 2006 3.50 2.25 0.00 4.50
10 January 2006 3.50 2.25 0.00 4.50
11 January 2006 3.50 2.25 0.00 4.50
12 January 2006 3.50 2.25 0.00 4.50
13 January 2006 3.50 2.25 0.00 4.50
16 January 2006 3.50 2.25 0.00 4.50
17 January 2006 3.50 2.25 0.00 4.50
18 January 2006 3.50 2.25 0.00 4.50
19 January 2006 3.50 2.25 0.00 4.50
20 January 2006 3.50 2.25 0.00 4.50
23 January 2006 3.50 2.25 0.00 4.50
24 January 2006 3.50 2.25 0.00 4.50
25 January 2006 3.50 2.25 0.00 4.50
26 January 2006 3.50 2.25 0.00 4.50
27 January 2006 3.50 2.25 0.00 4.50
30 January 2006 3.50 2.25 0.00 4.50
31 January 2006 3.50 2.25 0.00 4.50
1 February 2006 3.50 2.25 0.00 4.50
2 February 2006 3.50 2.25 0.00 4.50
3 February 2006 3.50 2.25 0.00 4.50
6 February 2006 3.50 2.25 0.00 4.50
7 February 2006 3.50 2.25 0.00 4.50
8 February 2006 3.50 2.25 0.00 4.50
9 February 2006 3.50 2.25 0.00 4.50
10 February 2006 3.50 2.25 0.00 4.50
13 February 2006 3.50 2.25 0.00 4.50
14 February 2006 3.50 2.25 0.00 4.50
15 February 2006 3.50 2.25 0.00 4.50
16 February 2006 3.50 2.25 0.00 4.50
17 February 2006 3.50 2.25 0.00 4.50
20 February 2006 3.50 2.25 0.00 4.50
21 February 2006 3.50 2.25 0.00 4.50
22 February 2006 3.50 2.25 0.00 4.50
23 February 2006 3.50 2.25 0.00 4.50
24 February 2006 3.50 2.25 0.00 4.50
27 February 2006 3.50 2.25 0.00 4.50
28 February 2006 3.50 2.25 0.00 4.50
1 March 2006 3.75 2.50 0.00 4.50
2 March 2006 3.75 2.50 0.00 4.50
3 March 2006 3.75 2.50 0.00 4.50
6 March 2006 3.75 2.50 0.00 4.50
7 March 2006 3.75 2.50 0.00 4.50
8 March 2006 3.75 2.50 0.00 4.50
9 March 2006 3.75 2.50 0.00 4.50
10 March 2006 3.75 2.50 0.00 4.50
13 March 2006 3.75 2.50 0.00 4.50
14 March 2006 3.75 2.50 0.00 4.50
15 March 2006 3.75 2.50 0.00 4.50
16 March 2006 3.75 2.50 0.00 4.50
17 March 2006 3.75 2.50 0.00 4.50
20 March 2006 3.75 2.50 0.00 4.50
21 March 2006 3.75 2.50 0.00 4.50
22 March 2006 3.75 2.50 0.00 4.50
23 March 2006 3.75 2.50 0.00 4.50
24 March 2006 3.75 2.50 0.00 4.50
27 March 2006 3.75 2.50 0.00 4.50
28 March 2006 3.75 2.50 0.00 4.50
29 March 2006 3.75 2.50 0.00 4.50
30 March 2006 3.75 2.50 0.00 4.50
31 March 2006 3.75 2.50 0.00 4.50
3 April 2006 4.00 2.50 0.00 4.50
4 April 2006 4.00 2.50 0.00 4.50
5 April 2006 4.00 2.50 0.00 4.50
6 April 2006 4.00 2.50 0.00 4.50
7 April 2006 4.00 2.50 0.00 4.50
10 April 2006 4.00 2.50 0.00 4.50
11 April 2006 4.00 2.50 0.00 4.50
12 April 2006 4.00 2.50 0.00 4.50
13 April 2006 4.00 2.50 0.00 4.50
14 April 2006 4.00 2.50 0.00 4.50
17 April 2006 4.00 2.50 0.00 4.50
18 April 2006 4.00 2.50 0.00 4.50
19 April 2006 4.00 2.50 0.00 4.50
20 April 2006 4.00 2.50 0.00 4.50
21 April 2006 4.00 2.50 0.00 4.50
24 April 2006 4.00 2.50 0.00 4.50
25 April 2006 4.00 2.50 0.00 4.50
26 April 2006 4.00 2.50 0.00 4.50
27 April 2006 4.00 2.50 0.00 4.50
28 April 2006 4.00 2.50 0.00 4.50
1 May 2006 4.25 2.50 0.00 4.50
2 May 2006 4.25 2.50 0.00 4.50
3 May 2006 4.25 2.50 0.00 4.50
4 May 2006 4.25 2.50 0.00 4.50
5 May 2006 4.25 2.50 0.00 4.50
8 May 2006 4.25 2.50 0.00 4.50
9 May 2006 4.25 2.50 0.00 4.50
10 May 2006 4.25 2.50 0.00 4.50
11 May 2006 4.25 2.50 0.00 4.50
12 May 2006 4.25 2.50 0.00 4.50
15 May 2006 4.25 2.50 0.00 4.50
16 May 2006 4.25 2.50 0.00 4.50
17 May 2006 4.25 2.50 0.00 4.50
18 May 2006 4.25 2.50 0.00 4.50
19 May 2006 4.25 2.50 0.00 4.50
22 May 2006 4.25 2.50 0.00 4.50
23 May 2006 4.25 2.50 0.00 4.50
24 May 2006 4.25 2.50 0.00 4.50
25 May 2006 4.25 2.50 0.00 4.50
26 May 2006 4.25 2.50 0.00 4.50
29 May 2006 4.25 2.50 0.00 4.50
30 May 2006 4.25 2.50 0.00 4.50
31 May 2006 4.25 2.50 0.00 4.50
1 June 2006 4.25 2.75 0.00 4.50
2 June 2006 4.25 2.75 0.00 4.50
5 June 2006 4.25 2.75 0.00 4.50
6 June 2006 4.25 2.75 0.00 4.50
7 June 2006 4.25 2.75 0.00 4.50
8 June 2006 4.25 2.75 0.00 4.50
9 June 2006 4.25 2.75 0.00 4.50
12 June 2006 4.25 2.75 0.00 4.50
13 June 2006 4.25 2.75 0.00 4.50
14 June 2006 4.25 2.75 0.00 4.50
15 June 2006 4.25 2.75 0.00 4.50
16 June 2006 4.25 2.75 0.00 4.50
19 June 2006 4.25 2.75 0.00 4.50
20 June 2006 4.25 2.75 0.00 4.50
21 June 2006 4.25 2.75 0.00 4.50
22 June 2006 4.25 2.75 0.00 4.50
23 June 2006 4.25 2.75 0.00 4.50
26 June 2006 4.25 2.75 0.00 4.50
27 June 2006 4.25 2.75 0.00 4.50
28 June 2006 4.25 2.75 0.00 4.50
29 June 2006 4.25 2.75 0.00 4.50
30 June 2006 4.25 2.75 0.00 4.50
3 July 2006 4.25 2.75 0.25 4.50
4 July 2006 4.25 2.75 0.25 4.50
5 July 2006 4.25 2.75 0.25 4.50
6 July 2006 4.25 2.75 0.25 4.50
7 July 2006 4.25 2.75 0.25 4.50
10 July 2006 4.25 2.75 0.25 4.50
11 July 2006 4.25 2.75 0.25 4.50
12 July 2006 4.25 2.75 0.25 4.50
13 July 2006 4.25 2.75 0.25 4.50
14 July 2006 4.25 2.75 0.25 4.50
17 July 2006 4.25 2.75 0.25 4.50
18 July 2006 4.25 2.75 0.25 4.50
19 July 2006 4.25 2.75 0.25 4.50
20 July 2006 4.25 2.75 0.25 4.50
21 July 2006 4.25 2.75 0.25 4.50
24 July 2006 4.25 2.75 0.25 4.50
25 July 2006 4.25 2.75 0.25 4.50
26 July 2006 4.25 2.75 0.25 4.50
27 July 2006 4.25 2.75 0.25 4.50
28 July 2006 4.25 2.75 0.25 4.50
31 July 2006 4.25 2.75 0.25 4.50
1 August 2006 4.25 3.00 0.25 4.75
2 August 2006 4.25 3.00 0.25 4.75
3 August 2006 4.25 3.00 0.25 4.75
4 August 2006 4.25 3.00 0.25 4.75
7 August 2006 4.25 3.00 0.25 4.75
8 August 2006 4.25 3.00 0.25 4.75
9 August 2006 4.25 3.00 0.25 4.75
10 August 2006 4.25 3.00 0.25 4.75
11 August 2006 4.25 3.00 0.25 4.75
14 August 2006 4.25 3.00 0.25 4.75
15 August 2006 4.25 3.00 0.25 4.75
16 August 2006 4.25 3.00 0.25 4.75
17 August 2006 4.25 3.00 0.25 4.75
18 August 2006 4.25 3.00 0.25 4.75
21 August 2006 4.25 3.00 0.25 4.75
22 August 2006 4.25 3.00 0.25 4.75
23 August 2006 4.25 3.00 0.25 4.75
24 August 2006 4.25 3.00 0.25 4.75
25 August 2006 4.25 3.00 0.25 4.75
28 August 2006 4.25 3.00 0.25 4.75
29 August 2006 4.25 3.00 0.25 4.75
30 August 2006 4.25 3.00 0.25 4.75
31 August 2006 4.25 3.00 0.25 4.75
1 September 2006 4.25 3.00 0.25 4.75
4 September 2006 4.25 3.00 0.25 4.75
5 September 2006 4.25 3.00 0.25 4.75
6 September 2006 4.25 3.00 0.25 4.75
7 September 2006 4.25 3.00 0.25 4.75
8 September 2006 4.25 3.00 0.25 4.75
11 September 2006 4.25 3.00 0.25 4.75
12 September 2006 4.25 3.00 0.25 4.75
13 September 2006 4.25 3.00 0.25 4.75
14 September 2006 4.25 3.00 0.25 4.75
15 September 2006 4.25 3.00 0.25 4.75
18 September 2006 4.25 3.00 0.25 4.75
19 September 2006 4.25 3.00 0.25 4.75
20 September 2006 4.25 3.00 0.25 4.75
21 September 2006 4.25 3.00 0.25 4.75
22 September 2006 4.25 3.00 0.25 4.75
25 September 2006 4.25 3.00 0.25 4.75
26 September 2006 4.25 3.00 0.25 4.75
27 September 2006 4.25 3.00 0.25 4.75
28 September 2006 4.25 3.00 0.25 4.75
29 September 2006 4.25 3.00 0.25 4.75
2 October 2006 4.25 3.25 0.25 4.75
3 October 2006 4.25 3.25 0.25 4.75
4 October 2006 4.25 3.25 0.25 4.75
5 October 2006 4.25 3.25 0.25 4.75
6 October 2006 4.25 3.25 0.25 4.75
9 October 2006 4.25 3.25 0.25 4.75
10 October 2006 4.25 3.25 0.25 4.75
11 October 2006 4.25 3.25 0.25 4.75
12 October 2006 4.25 3.25 0.25 4.75
13 October 2006 4.25 3.25 0.25 4.75
16 October 2006 4.25 3.25 0.25 4.75
17 October 2006 4.25 3.25 0.25 4.75
18 October 2006 4.25 3.25 0.25 4.75
19 October 2006 4.25 3.25 0.25 4.75
20 October 2006 4.25 3.25 0.25 4.75
23 October 2006 4.25 3.25 0.25 4.75
24 October 2006 4.25 3.25 0.25 4.75
25 October 2006 4.25 3.25 0.25 4.75
26 October 2006 4.25 3.25 0.25 4.75
27 October 2006 4.25 3.25 0.25 4.75
30 October 2006 4.25 3.25 0.25 4.75
31 October 2006 4.25 3.25 0.25 4.75
1 November 2006 4.25 3.25 0.25 5.00
2 November 2006 4.25 3.25 0.25 5.00
3 November 2006 4.25 3.25 0.25 5.00
6 November 2006 4.25 3.25 0.25 5.00
7 November 2006 4.25 3.25 0.25 5.00
8 November 2006 4.25 3.25 0.25 5.00
9 November 2006 4.25 3.25 0.25 5.00
10 November 2006 4.25 3.25 0.25 5.00
13 November 2006 4.25 3.25 0.25 5.00
14 November 2006 4.25 3.25 0.25 5.00
15 November 2006 4.25 3.25 0.25 5.00
16 November 2006 4.25 3.25 0.25 5.00
17 November 2006 4.25 3.25 0.25 5.00
20 November 2006 4.25 3.25 0.25 5.00
21 November 2006 4.25 3.25 0.25 5.00
22 November 2006 4.25 3.25 0.25 5.00
23 November 2006 4.25 3.25 0.25 5.00
24 November 2006 4.25 3.25 0.25 5.00
27 November 2006 4.25 3.25 0.25 5.00
28 November 2006 4.25 3.25 0.25 5.00
29 November 2006 4.25 3.25 0.25 5.00
30 November 2006 4.25 3.25 0.25 5.00
1 December 2006 4.25 3.50 0.25 5.00
4 December 2006 4.25 3.50 0.25 5.00
5 December 2006 4.25 3.50 0.25 5.00
6 December 2006 4.25 3.50 0.25 5.00
7 December 2006 4.25 3.50 0.25 5.00
8 December 2006 4.25 3.50 0.25 5.00
11 December 2006 4.25 3.50 0.25 5.00
12 December 2006 4.25 3.50 0.25 5.00
13 December 2006 4.25 3.50 0.25 5.00
14 December 2006 4.25 3.50 0.25 5.00
15 December 2006 4.25 3.50 0.25 5.00
18 December 2006 4.25 3.50 0.25 5.00
19 December 2006 4.25 3.50 0.25 5.00
20 December 2006 4.25 3.50 0.25 5.00
21 December 2006 4.25 3.50 0.25 5.00
22 December 2006 4.25 3.50 0.25 5.00
25 December 2006 4.25 3.50 0.25 5.00
26 December 2006 4.25 3.50 0.25 5.00
27 December 2006 4.25 3.50 0.25 5.00
28 December 2006 4.25 3.50 0.25 5.00
29 December 2006 4.25 3.50 0.25 5.00
1 January 2007 4.25 3.50 0.25 5.25
2 January 2007 4.25 3.50 0.25 5.25
3 January 2007 4.25 3.50 0.25 5.25
4 January 2007 4.25 3.50 0.25 5.25
5 January 2007 4.25 3.50 0.25 5.25
8 January 2007 4.25 3.50 0.25 5.25
9 January 2007 4.25 3.50 0.25 5.25
10 January 2007 4.25 3.50 0.25 5.25
11 January 2007 4.25 3.50 0.25 5.25
12 January 2007 4.25 3.50 0.25 5.25
15 January 2007 4.25 3.50 0.25 5.25
16 January 2007 4.25 3.50 0.25 5.25
17 January 2007 4.25 3.50 0.25 5.25
18 January 2007 4.25 3.50 0.25 5.25
19 January 2007 4.25 3.50 0.25 5.25
22 January 2007 4.25 3.50 0.25 5.25
23 January 2007 4.25 3.50 0.25 5.25
24 January 2007 4.25 3.50 0.25 5.25
25 January 2007 4.25 3.50 0.25 5.25
26 January 2007 4.25 3.50 0.25 5.25
29 January 2007 4.25 3.50 0.25 5.25
30 January 2007 4.25 3.50 0.25 5.25
31 January 2007 4.25 3.50 0.25 5.25
1 February 2007 4.25 3.50 0.50 5.25
2 February 2007 4.25 3.50 0.50 5.25
5 February 2007 4.25 3.50 0.50 5.25
6 February 2007 4.25 3.50 0.50 5.25
7 February 2007 4.25 3.50 0.50 5.25
8 February 2007 4.25 3.50 0.50 5.25
9 February 2007 4.25 3.50 0.50 5.25
12 February 2007 4.25 3.50 0.50 5.25
13 February 2007 4.25 3.50 0.50 5.25
14 February 2007 4.25 3.50 0.50 5.25
15 February 2007 4.25 3.50 0.50 5.25
16 February 2007 4.25 3.50 0.50 5.25
19 February 2007 4.25 3.50 0.50 5.25
20 February 2007 4.25 3.50 0.50 5.25
21 February 2007 4.25 3.50 0.50 5.25
22 February 2007 4.25 3.50 0.50 5.25
23 February 2007 4.25 3.50 0.50 5.25
26 February 2007 4.25 3.50 0.50 5.25
27 February 2007 4.25 3.50 0.50 5.25
28 February 2007 4.25 3.50 0.50 5.25
1 March 2007 4.25 3.75 0.50 5.25
2 March 2007 4.25 3.75 0.50 5.25
5 March 2007 4.25 3.75 0.50 5.25
6 March 2007 4.25 3.75 0.50 5.25
7 March 2007 4.25 3.75 0.50 5.25
8 March 2007 4.25 3.75 0.50 5.25
9 March 2007 4.25 3.75 0.50 5.25
12 March 2007 4.25 3.75 0.50 5.25
13 March 2007 4.25 3.75 0.50 5.25
14 March 2007 4.25 3.75 0.50 5.25
15 March 2007 4.25 3.75 0.50 5.25
16 March 2007 4.25 3.75 0.50 5.25
19 March 2007 4.25 3.75 0.50 5.25
20 March 2007 4.25 3.75 0.50 5.25
21 March 2007 4.25 3.75 0.50 5.25
22 March 2007 4.25 3.75 0.50 5.25
23 March 2007 4.25 3.75 0.50 5.25
26 March 2007 4.25 3.75 0.50 5.25
27 March 2007 4.25 3.75 0.50 5.25
28 March 2007 4.25 3.75 0.50 5.25
29 March 2007 4.25 3.75 0.50 5.25
30 March 2007 4.25 3.75 0.50 5.25
2 April 2007 4.25 3.75 0.50 5.25
3 April 2007 4.25 3.75 0.50 5.25
4 April 2007 4.25 3.75 0.50 5.25
5 April 2007 4.25 3.75 0.50 5.25
6 April 2007 4.25 3.75 0.50 5.25
9 April 2007 4.25 3.75 0.50 5.25
10 April 2007 4.25 3.75 0.50 5.25
11 April 2007 4.25 3.75 0.50 5.25
12 April 2007 4.25 3.75 0.50 5.25
13 April 2007 4.25 3.75 0.50 5.25
16 April 2007 4.25 3.75 0.50 5.25
17 April 2007 4.25 3.75 0.50 5.25
18 April 2007 4.25 3.75 0.50 5.25
19 April 2007 4.25 3.75 0.50 5.25
20 April 2007 4.25 3.75 0.50 5.25
23 April 2007 4.25 3.75 0.50 5.25
24 April 2007 4.25 3.75 0.50 5.25
25 April 2007 4.25 3.75 0.50 5.25
26 April 2007 4.25 3.75 0.50 5.25
27 April 2007 4.25 3.75 0.50 5.25
30 April 2007 4.25 3.75 0.50 5.25
1 May 2007 4.25 3.75 0.50 5.50
2 May 2007 4.25 3.75 0.50 5.50
3 May 2007 4.25 3.75 0.50 5.50
4 May 2007 4.25 3.75 0.50 5.50
7 May 2007 4.25 3.75 0.50 5.50
8 May 2007 4.25 3.75 0.50 5.50
9 May 2007 4.25 3.75 0.50 5.50
10 May 2007 4.25 3.75 0.50 5.50
11 May 2007 4.25 3.75 0.50 5.50
14 May 2007 4.25 3.75 0.50 5.50
15 May 2007 4.25 3.75 0.50 5.50
16 May 2007 4.25 3.75 0.50 5.50
17 May 2007 4.25 3.75 0.50 5.50
18 May 2007 4.25 3.75 0.50 5.50
21 May 2007 4.25 3.75 0.50 5.50
22 May 2007 4.25 3.75 0.50 5.50
23 May 2007 4.25 3.75 0.50 5.50
24 May 2007 4.25 3.75 0.50 5.50
25 May 2007 4.25 3.75 0.50 5.50
28 May 2007 4.25 3.75 0.50 5.50
29 May 2007 4.25 3.75 0.50 5.50
30 May 2007 4.25 3.75 0.50 5.50
31 May 2007 4.25 3.75 0.50 5.50
1 June 2007 4.25 4.00 0.50 5.50
4 June 2007 4.25 4.00 0.50 5.50
5 June 2007 4.25 4.00 0.50 5.50
6 June 2007 4.25 4.00 0.50 5.50
7 June 2007 4.25 4.00 0.50 5.50
8 June 2007 4.25 4.00 0.50 5.50
11 June 2007 4.25 4.00 0.50 5.50
12 June 2007 4.25 4.00 0.50 5.50
13 June 2007 4.25 4.00 0.50 5.50
14 June 2007 4.25 4.00 0.50 5.50
15 June 2007 4.25 4.00 0.50 5.50
18 June 2007 4.25 4.00 0.50 5.50
19 June 2007 4.25 4.00 0.50 5.50
20 June 2007 4.25 4.00 0.50 5.50
21 June 2007 4.25 4.00 0.50 5.50
22 June 2007 4.25 4.00 0.50 5.50
25 June 2007 4.25 4.00 0.50 5.50
26 June 2007 4.25 4.00 0.50 5.50
27 June 2007 4.25 4.00 0.50 5.50
28 June 2007 4.25 4.00 0.50 5.50
29 June 2007 4.25 4.00 0.50 5.50
2 July 2007 4.50 4.00 0.50 5.75
3 July 2007 4.50 4.00 0.50 5.75
4 July 2007 4.50 4.00 0.50 5.75
5 July 2007 4.50 4.00 0.50 5.75
6 July 2007 4.50 4.00 0.50 5.75
9 July 2007 4.50 4.00 0.50 5.75
10 July 2007 4.50 4.00 0.50 5.75
11 July 2007 4.50 4.00 0.50 5.75
12 July 2007 4.50 4.00 0.50 5.75
13 July 2007 4.50 4.00 0.50 5.75
16 July 2007 4.50 4.00 0.50 5.75
17 July 2007 4.50 4.00 0.50 5.75
18 July 2007 4.50 4.00 0.50 5.75
19 July 2007 4.50 4.00 0.50 5.75
20 July 2007 4.50 4.00 0.50 5.75
23 July 2007 4.50 4.00 0.50 5.75
24 July 2007 4.50 4.00 0.50 5.75
25 July 2007 4.50 4.00 0.50 5.75
26 July 2007 4.50 4.00 0.50 5.75
27 July 2007 4.50 4.00 0.50 5.75
30 July 2007 4.50 4.00 0.50 5.75
31 July 2007 4.50 4.00 0.50 5.75
1 August 2007 4.50 4.00 0.50 5.75
2 August 2007 4.50 4.00 0.50 5.75
3 August 2007 4.50 4.00 0.50 5.75
6 August 2007 4.50 4.00 0.50 5.75
7 August 2007 4.50 4.00 0.50 5.75
8 August 2007 4.50 4.00 0.50 5.75
9 August 2007 4.50 4.00 0.50 5.75
10 August 2007 4.50 4.00 0.50 5.75
13 August 2007 4.50 4.00 0.50 5.75
14 August 2007 4.50 4.00 0.50 5.75
15 August 2007 4.50 4.00 0.50 5.75
16 August 2007 4.50 4.00 0.50 5.75
17 August 2007 4.50 4.00 0.50 5.75
20 August 2007 4.50 4.00 0.50 5.75
21 August 2007 4.50 4.00 0.50 5.75
22 August 2007 4.50 4.00 0.50 5.75
23 August 2007 4.50 4.00 0.50 5.75
24 August 2007 4.50 4.00 0.50 5.75
27 August 2007 4.50 4.00 0.50 5.75
28 August 2007 4.50 4.00 0.50 5.75
29 August 2007 4.50 4.00 0.50 5.75
30 August 2007 4.50 4.00 0.50 5.75
31 August 2007 4.50 4.00 0.50 5.75
3 September 2007 4.50 4.00 0.50 5.75
4 September 2007 4.50 4.00 0.50 5.75
5 September 2007 4.50 4.00 0.50 5.75
6 September 2007 4.50 4.00 0.50 5.75
7 September 2007 4.50 4.00 0.50 5.75
10 September 2007 4.50 4.00 0.50 5.75
11 September 2007 4.50 4.00 0.50 5.75
12 September 2007 4.50 4.00 0.50 5.75
13 September 2007 4.50 4.00 0.50 5.75
14 September 2007 4.50 4.00 0.50 5.75
17 September 2007 4.50 4.00 0.50 5.75
18 September 2007 4.50 4.00 0.50 5.75
19 September 2007 4.50 4.00 0.50 5.75
20 September 2007 4.50 4.00 0.50 5.75
21 September 2007 4.50 4.00 0.50 5.75
24 September 2007 4.50 4.00 0.50 5.75
25 September 2007 4.50 4.00 0.50 5.75
26 September 2007 4.50 4.00 0.50 5.75
27 September 2007 4.50 4.00 0.50 5.75
28 September 2007 4.50 4.00 0.50 5.75
1 October 2007 4.50 4.00 0.50 5.75
2 October 2007 4.50 4.00 0.50 5.75
3 October 2007 4.50 4.00 0.50 5.75
4 October 2007 4.50 4.00 0.50 5.75
5 October 2007 4.50 4.00 0.50 5.75
8 October 2007 4.50 4.00 0.50 5.75
9 October 2007 4.50 4.00 0.50 5.75
10 October 2007 4.50 4.00 0.50 5.75
11 October 2007 4.50 4.00 0.50 5.75
12 October 2007 4.50 4.00 0.50 5.75
15 October 2007 4.50 4.00 0.50 5.75
16 October 2007 4.50 4.00 0.50 5.75
17 October 2007 4.50 4.00 0.50 5.75
18 October 2007 4.50 4.00 0.50 5.75
19 October 2007 4.50 4.00 0.50 5.75
22 October 2007 4.50 4.00 0.50 5.75
23 October 2007 4.50 4.00 0.50 5.75
24 October 2007 4.50 4.00 0.50 5.75
25 October 2007 4.50 4.00 0.50 5.75
26 October 2007 4.50 4.00 0.50 5.75
29 October 2007 4.50 4.00 0.50 5.75
30 October 2007 4.50 4.00 0.50 5.75
31 October 2007 4.50 4.00 0.50 5.75
1 November 2007 4.50 4.00 0.50 5.75
2 November 2007 4.50 4.00 0.50 5.75
5 November 2007 4.50 4.00 0.50 5.75
6 November 2007 4.50 4.00 0.50 5.75
7 November 2007 4.50 4.00 0.50 5.75
8 November 2007 4.50 4.00 0.50 5.75
9 November 2007 4.50 4.00 0.50 5.75
12 November 2007 4.50 4.00 0.50 5.75
13 November 2007 4.50 4.00 0.50 5.75
14 November 2007 4.50 4.00 0.50 5.75
15 November 2007 4.50 4.00 0.50 5.75
16 November 2007 4.50 4.00 0.50 5.75
19 November 2007 4.50 4.00 0.50 5.75
20 November 2007 4.50 4.00 0.50 5.75
21 November 2007 4.50 4.00 0.50 5.75
22 November 2007 4.50 4.00 0.50 5.75
23 November 2007 4.50 4.00 0.50 5.75
26 November 2007 4.50 4.00 0.50 5.75
27 November 2007 4.50 4.00 0.50 5.75
28 November 2007 4.50 4.00 0.50 5.75
29 November 2007 4.50 4.00 0.50 5.75
30 November 2007 4.50 4.00 0.50 5.75
3 December 2007 4.25 4.00 0.50 5.50
4 December 2007 4.25 4.00 0.50 5.50
5 December 2007 4.25 4.00 0.50 5.50
6 December 2007 4.25 4.00 0.50 5.50
7 December 2007 4.25 4.00 0.50 5.50
10 December 2007 4.25 4.00 0.50 5.50
11 December 2007 4.25 4.00 0.50 5.50
12 December 2007 4.25 4.00 0.50 5.50
13 December 2007 4.25 4.00 0.50 5.50
14 December 2007 4.25 4.00 0.50 5.50
17 December 2007 4.25 4.00 0.50 5.50
18 December 2007 4.25 4.00 0.50 5.50
19 December 2007 4.25 4.00 0.50 5.50
20 December 2007 4.25 4.00 0.50 5.50
21 December 2007 4.25 4.00 0.50 5.50
24 December 2007 4.25 4.00 0.50 5.50
25 December 2007 4.25 4.00 0.50 5.50
26 December 2007 4.25 4.00 0.50 5.50
27 December 2007 4.25 4.00 0.50 5.50
28 December 2007 4.25 4.00 0.50 5.50
31 December 2007 4.25 4.00 0.50 5.50
1 January 2008 4.00 4.00 0.50 5.50
2 January 2008 4.00 4.00 0.50 5.50
3 January 2008 4.00 4.00 0.50 5.50
4 January 2008 4.00 4.00 0.50 5.50
7 January 2008 4.00 4.00 0.50 5.50
8 January 2008 4.00 4.00 0.50 5.50
9 January 2008 4.00 4.00 0.50 5.50
10 January 2008 4.00 4.00 0.50 5.50
11 January 2008 4.00 4.00 0.50 5.50
14 January 2008 4.00 4.00 0.50 5.50
15 January 2008 4.00 4.00 0.50 5.50
16 January 2008 4.00 4.00 0.50 5.50
17 January 2008 4.00 4.00 0.50 5.50
18 January 2008 4.00 4.00 0.50 5.50
21 January 2008 4.00 4.00 0.50 5.50
22 January 2008 4.00 4.00 0.50 5.50
23 January 2008 4.00 4.00 0.50 5.50
24 January 2008 4.00 4.00 0.50 5.50
25 January 2008 4.00 4.00 0.50 5.50
28 January 2008 4.00 4.00 0.50 5.50
29 January 2008 4.00 4.00 0.50 5.50
30 January 2008 4.00 4.00 0.50 5.50
31 January 2008 4.00 4.00 0.50 5.50
1 February 2008 4.00 4.00 0.50 5.25
4 February 2008 4.00 4.00 0.50 5.25
5 February 2008 4.00 4.00 0.50 5.25
6 February 2008 4.00 4.00 0.50 5.25
7 February 2008 4.00 4.00 0.50 5.25
8 February 2008 4.00 4.00 0.50 5.25
11 February 2008 4.00 4.00 0.50 5.25
12 February 2008 4.00 4.00 0.50 5.25
13 February 2008 4.00 4.00 0.50 5.25
14 February 2008 4.00 4.00 0.50 5.25
15 February 2008 4.00 4.00 0.50 5.25
18 February 2008 4.00 4.00 0.50 5.25
19 February 2008 4.00 4.00 0.50 5.25
20 February 2008 4.00 4.00 0.50 5.25
21 February 2008 4.00 4.00 0.50 5.25
22 February 2008 4.00 4.00 0.50 5.25

Note: The data are daily and extend through February 21, 2008. The data shown are, for Canada, the overnight rate; for the euro area, the minimum bid rate on main refinancing operations; for Japan, the call money rate; and, for the United Kingdom, the official bank rate paid on commercial reserves.

Source: The central bank of each area or country shown.

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Last update: February 24, 2009