Statistical Supplement | November 2006 Statistical Supplement to the Federal Reserve Bulletin, November 2006 |
Indicator | 2003 | 2004 | 2005 | 2006 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | |||||
Prices and trading volume (averages of daily figures) | |||||||||||||
Common stock prices (indexes) | |||||||||||||
1 | New York Stock Exchange (Dec. 31, 1965 = 50) | 5,456.00 | 6,614.10 | 7,351.19 | 8,007.35 | 8,044.86 | 8,174.34 | 8,351.28 | 8,353.45 | 7,985.59 | 8,103.97 | 8,294.89 | 8,383.29 |
2 | Industrial | 634.11 | 741.19 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
3 | Transportation | 437.37 | 521.11 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
4 | Utility | 238.05 | 271.45 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
5 | Finance | 566.74 | 657.07 | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
6 | Standard & Poor's Corporation (1941-43 = 10)1 | 965.23 | 1,130.65 | 1,207.23 | 1,278.72 | 1,276.65 | 1,293.74 | 1,302.18 | 1,290.00 | 1,253.12 | 1,260.24 | 1,287.15 | 1,317.81 |
7 | American Stock Exchange (Aug. 31, 1973 = 50)2 | 943.44 | 1,260.02 | 1,567.52 | 1,815.91 | 1,828.06 | 1,902.69 | 1,976.03 | 1,968.30 | 1,881.59 | 1,924.93 | 1,996.50 | 1,950.11 |
Volume of trading (thousands of shares) | |||||||||||||
8 | New York Stock Exchange | 1,361,043 | 1,403,376 | 1,542,724 | 1,808,726 | 1,660,932 | 1,728,333 | 2,285,601 | 2,510,157 | 2,501,759 | 2,351,792 | 2,201,576 | 2,446,458 |
9 | American Stock Exchange | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
Customer financing (millions of dollars, end-of-period balances) | |||||||||||||
10 | Margin credit at broker-dealers3 | 173,220 | 203,790 | 221,660 | 232,190 | 222,780 | 236,670 | 241,540 | 230,540 | 225,780 | 231,490 | 226,480 | 237,120 |
Free credit balances at brokers4 | |||||||||||||
11 | Margin accounts5 | 92,560 | 117,850 | 119,710 | 115,220 | 117,970 | 119,360 | 119,020 | 126,210 | 137,550 | 141,000 | 139,290 | 142,580 |
12 | Cash accounts | 84,920 | 93,580 | 88,730 | 83,250 | 81,600 | 82,750 | 83,000 | 81,090 | 84,400 | 79,420 | 79,460 | 80,470 |
Margin requirements (percent of market value and effective date)6 | |||||||||||||
Mar 11, 1968 | June 8, 1968 | May 6, 1970 | Dec 6, 1971 | Nov 24, 1972 | Jan 3, 1974 | ||||||||
13 | Margin stocks | 70 | 80 | 65 | 55 | 65 | 50 | ||||||
14 | Convertible bonds | 50 | 60 | 50 | 50 | 50 | 50 | ||||||
15 | Short sales | 70 | 80 | 65 | 55 | 65 | 50 |
1. In July 1976 a financial group made up of banks and insurance companies was added to the group of stocks on which the index is based. The index is now based on 400 industrial stocks (formerly 425), 20 transportation (formerly 15 rail), 40 public utility (formerly 60), and 40 financial. Return to table 2. On July 5, 1983, the American Stock Exchange rebased its index, effectively cutting previous readings in half. Return to table 3. Since July 1983, under the revised Regulation T, margin credit at broker-dealers has included credit extended against stocks, convertible bonds, stocks acquired through the exercise of subscription rights, corporate bonds, and government securities. Separate reporting of data for margin stocks, convertible bonds, and subscription issues was discontinued in April 1984. Return to table 4. Free credit balances are amounts in accounts with no unfulfilled commitments to brokers and are subject to withdrawal by customers on demand. Return to table 5. Series initiated in June 1984. Return to table 6. Margin requirements, stated in regulations adopted by the Board of Governors pursuant to the Securities Exchange Act of 1934, limit the amount of credit that can be used to purchase and carry "margin securities" (as defined in the regulations) when such credit is collateralized by securities. Margin requirements on securities are the difference between the market value (100 percent) and the maximum loan value of collateral as prescribed by the Board. Regulation T was adopted effective Oct. 15, 1934; Regulation U, effective May 1, 1936; Regulation G, effective Mar. 11, 1968; and Regulation X, effective Nov. 1, 1971. |
Statistical Supplement | November 2006 | Tips for printing wide tables | Symbols and Abbreviations