Accessible Version

Part 1: Recent Economic and Financial Developments

Figure 1. Net change in payroll employment

3-month moving averages
Thousands of jobs

Period Total nonfarm Private
January 2009 -751.00 -761.00
February 2009 -729.67 -735.00
March 2009 -772.67 -774.00
April 2009 -737.33 -770.00
May 2009 -619.67 -633.33
June 2009 -502.33 -507.67
July 2009 -383.00 -331.00
August 2009 -337.67 -311.00
September 2009 -254.00 -212.33
October 2009 -212.33 -213.33
November 2009 -142.00 -140.67
December 2009 -160.33 -170.67
January 2010 -84.67 -73.67
February 2010 -106.67 -87.67
March 2010 39.67 27.67
April 2010 113.00 87.00
May 2010 310.33 137.00
June 2010 210.00 136.00
July 2010 106.33 106.33
August 2010 -80.33 111.67
September 2010 -52.00 112.33
October 2010 58.00 148.67
November 2010 109.67 154.00
December 2010 156.00 149.67
January 2011 83.00 96.00
February 2011 106.33 130.33
March 2011 152.33 177.00
April 2011 253.33 278.00
May 2011 216.00 244.67
June 2011 216.00 225.33
July 2011 123.67 168.67
August 2011 134.67 172.00
September 2011 142.33 202.67
October 2011 189.00 206.00
November 2011 199.33 214.67
December 2011 186.33 196.00
January 2012 236.00 253.33
February 2012 268.00 276.00
March 2012 276.00 279.67
April 2012 182.67 187.67
May 2012 142.00 154.00
June 2012 89.67 94.00
July 2012 111.33 117.33
August 2012 132.00 130.33
September 2012 174.33 176.00
October 2012 175.33 178.67
November 2012 160.33 171.33
December 2012 174.00 186.67
January 2013 195.67 206.00
February 2013 247.00 244.33
March 2013 209.00 215.00
April 2013 204.33 204.67
May 2013 184.33 196.33
June 2013 195.00 205.33
July 2013 170.00 189.00
August 2013 181.67 189.00
September 2013 191.00 190.67
October 2013 221.00 213.33
November 2013 220.00 216.00
December 2013 172.33 179.00
January 2014 165.00 175.67
February 2014 129.33 138.67
March 2014 204.33 201.33
April 2014 250.67 233.00
May 2014 282.33 270.67
June 2014 293.00 270.00
July 2014 250.67 245.67
August 2014 245.33 241.00
September 2014 237.33 233.67
October 2014 245.67 229.67
November 2014 273.00 251.00
December 2014 264.67 252.00
January 2015 267.00 256.33
February 2015 242.33 229.67
March 2015 186.00 182.00
April 2015 195.33 184.67
May 2015 230.67 218.67
June 2015 270.67 251.33
July 2015 268.00 252.67
August 2015 205.67 183.00
September 2015 170.33 156.67
October 2015 192.67 181.67
November 2015 231.00 230.00
December 2015 277.33 263.67
January 2016 212.33 195.67
February 2016 200.67 182.67
March 2016 196.00 173.33
April 2016 205.00 189.33
May 2016 140.33 121.33
June 2016 164.33 148.00
July 2016 210.33 178.33
August 2016 254.67 220.33
September 2016 238.67 205.00
October 2016 183.00 166.00
November 2016 179.00 177.67
December 2016 148.33 158.33
January 2017 182.67 193.33

Source: Department of Labor, Bureau of Labor Statistics.

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Figure 2. Labor force participation rate and employment-to-population ratio

Monthly
Percent

Period Labor force participation rate Employment-to-population ratio
January 2000 67.29 64.59
February 2000 67.33 64.56
March 2000 67.26 64.55
April 2000 67.33 64.74
May 2000 67.09 64.37
June 2000 67.11 64.45
July 2000 66.90 64.20
August 2000 66.93 64.19
September 2000 66.86 64.22
October 2000 66.83 64.24
November 2000 66.95 64.31
December 2000 67.02 64.39
January 2001 67.23 64.42
February 2001 67.12 64.27
March 2001 67.16 64.29
April 2001 66.92 64.00
May 2001 66.74 63.84
June 2001 66.69 63.68
July 2001 66.76 63.70
August 2001 66.51 63.24
September 2001 66.77 63.45
October 2001 66.74 63.17
November 2001 66.74 63.04
December 2001 66.71 62.89
January 2002 66.46 62.68
February 2002 66.76 62.97
March 2002 66.64 62.81
April 2002 66.69 62.73
May 2002 66.73 62.86
June 2002 66.61 62.75
July 2002 66.54 62.68
August 2002 66.56 62.75
September 2002 66.73 62.95
October 2002 66.55 62.75
November 2002 66.37 62.47
December 2002 66.32 62.37
January 2003 66.37 62.49
February 2003 66.37 62.46
March 2003 66.28 62.38
April 2003 66.42 62.41
May 2003 66.36 62.30
June 2003 66.54 62.34
July 2003 66.21 62.13
August 2003 66.11 62.10
September 2003 66.07 62.05
October 2003 66.08 62.14
November 2003 66.13 62.27
December 2003 65.94 62.20
January 2004 66.10 62.33
February 2004 65.98 62.31
March 2004 66.03 62.21
April 2004 65.92 62.26
May 2004 65.96 62.27
June 2004 66.07 62.36
July 2004 66.10 62.46
August 2004 65.97 62.40
September 2004 65.83 62.29
October 2004 65.92 62.33
November 2004 66.02 62.49
December 2004 65.91 62.38
January 2005 65.84 62.38
February 2005 65.93 62.38
March 2005 65.88 62.45
April 2005 66.06 62.66
May 2005 66.14 62.75
June 2005 66.06 62.73
July 2005 66.08 62.80
August 2005 66.15 62.91
September 2005 66.15 62.82
October 2005 66.09 62.81
November 2005 66.05 62.72
December 2005 65.97 62.77
January 2006 66.01 62.91
February 2006 66.14 62.99
March 2006 66.15 63.05
April 2006 66.12 63.00
May 2006 66.13 63.08
June 2006 66.19 63.13
July 2006 66.13 62.99
August 2006 66.20 63.11
September 2006 66.11 63.12
October 2006 66.20 63.27
November 2006 66.29 63.30
December 2006 66.37 63.44
January 2007 66.40 63.31
February 2007 66.27 63.27
March 2007 66.25 63.33
April 2007 65.92 62.96
May 2007 65.95 63.03
June 2007 66.05 63.04
July 2007 65.98 62.90
August 2007 65.78 62.74
September 2007 66.00 62.91
October 2007 65.82 62.71
November 2007 66.04 62.93
December 2007 66.02 62.74
January 2008 66.23 62.93
February 2008 66.00 62.78
March 2008 66.06 62.70
April 2008 65.94 62.66
May 2008 66.11 62.51
June 2008 66.05 62.38
July 2008 66.05 62.23
August 2008 66.06 62.02
September 2008 65.95 61.90
October 2008 66.01 61.72
November 2008 65.85 61.36
December 2008 65.80 61.00
January 2009 65.69 60.56
February 2009 65.79 60.29
March 2009 65.56 59.85
April 2009 65.67 59.78
May 2009 65.72 59.57
June 2009 65.65 59.41
July 2009 65.50 59.31
August 2009 65.36 59.08
September 2009 65.09 58.74
October 2009 65.01 58.52
November 2009 65.00 58.57
December 2009 64.62 58.25
January 2010 64.81 58.45
February 2010 64.85 58.47
March 2010 64.92 58.51
April 2010 65.15 58.69
May 2010 64.88 58.63
June 2010 64.63 58.54
July 2010 64.61 58.51
August 2010 64.72 58.56
September 2010 64.61 58.49
October 2010 64.41 58.32
November 2010 64.56 58.25
December 2010 64.32 58.31
January 2011 64.21 58.34
February 2011 64.15 58.36
March 2011 64.17 58.43
April 2011 64.20 58.37
May 2011 64.13 58.34
June 2011 64.03 58.20
July 2011 63.96 58.21
August 2011 64.10 58.34
September 2011 64.20 58.39
October 2011 64.08 58.42
November 2011 64.10 58.57
December 2011 64.01 58.57
January 2012 63.72 58.44
February 2012 63.80 58.51
March 2012 63.79 58.55
April 2012 63.66 58.45
May 2012 63.74 58.53
June 2012 63.78 58.56
July 2012 63.67 58.47
August 2012 63.54 58.42
September 2012 63.65 58.68
October 2012 63.76 58.79
November 2012 63.62 58.70
December 2012 63.69 58.66
January 2013 63.64 58.54
February 2013 63.42 58.54
March 2013 63.26 58.50
April 2013 63.37 58.57
May 2013 63.38 58.63
June 2013 63.43 58.65
July 2013 63.34 58.72
August 2013 63.26 58.67
September 2013 63.26 58.69
October 2013 62.79 58.27
November 2013 63.00 58.62
December 2013 62.88 58.66
January 2014 62.89 58.75
February 2014 62.93 58.73
March 2014 63.14 58.93
April 2014 62.79 58.87
May 2014 62.82 58.89
June 2014 62.82 59.00
July 2014 62.94 59.05
August 2014 62.89 59.02
September 2014 62.83 59.11
October 2014 62.89 59.29
November 2014 62.86 59.22
December 2014 62.74 59.24
January 2015 62.88 59.29
February 2015 62.73 59.27
March 2015 62.69 59.28
April 2015 62.75 59.35
May 2015 62.86 59.41
June 2015 62.63 59.34
July 2015 62.63 59.35
August 2015 62.57 59.38
September 2015 62.39 59.26
October 2015 62.46 59.34
November 2015 62.51 59.35
December 2015 62.70 59.55
January 2016 62.74 59.64
February 2016 62.91 59.80
March 2016 63.01 59.86
April 2016 62.83 59.70
May 2016 62.61 59.67
June 2016 62.70 59.63
July 2016 62.81 59.75
August 2016 62.83 59.74
September 2016 62.90 59.79
October 2016 62.77 59.73
November 2016 62.64 59.73
December 2016 62.67 59.71
January 2017 62.86 59.86

Note: Both series are a percentage of the population aged 16 and over.

Source: Department of Labor, Bureau of Labor Statistics.

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The Recovery from the Great Recession and Remaining Challenges: Figure A. Median household income, by race and ethnicity

Annual
Inflation-adjusted dollars

Period Asian White Hispanic or Latino Black or African American
2007 75,305 59,575 44,215 38,971
2008 72,180 57,588 41,737 37,809
2009 71,886 57,291 42,022 36,179
2010 69,061 56,213 40,909 34,957
2011 68,497 55,027 40,705 34,110
2012 70,385 55,442 40,265 34,808
2013 68,547 56,226 41,681 35,385
2014 74,915 56,931 42,540 35,694
2015 76,761 60,109 45,148 37,211

Note: Race refers to the race of the head of household. The Hispanic and Latino ethnicity and race categories are not mutually exclusive. Some individuals, for example, are both Hispanic and white, and they are represented in both lines.

Source: Department of Commerce, Bureau of the Census (2016), Income and Poverty in the United States: 2015, Table A-1: Households by Total Money Income, Race, and Hispanic Origin of Householder: 1967 to 2015 (Washington: Census Bureau, September), www.census.gov/library/publications/2016/demo/p60-256.html.

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The Recovery from the Great Recession and Remaining Challenges: Figure B. Indexed household income, by percentile

Annual
Inflation-adjusted dollars, 2007 = 100

Period 10th 20th 50th (median) 80th 90th
2007 100.00 100.00 100.00 100.00 100.00
2008 96.29 98.30 96.44 96.53 97.93
2009 96.30 97.41 95.76 96.64 97.80
2010 92.74 93.74 93.29 95.13 97.04
2011 90.96 92.06 91.86 93.65 97.35
2012 90.85 91.68 91.72 94.00 96.95
2013 90.76 91.68 92.04 94.27 98.18
2014 88.40 92.51 93.55 98.32 101.41
2015 95.37 98.30 98.42 102.35 104.32

Source: Department of Commerce, Bureau of the Census (2016), Income and Poverty in the United States: 2015, Table A-2: Selected Measures of Household Income Dispersion: 1967 to 2015 (Washington: Census Bureau, September), www.census.gov/library/publications/2016/demo/p60-256.html.

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The Recovery from the Great Recession and Remaining Challenges: Figure C. Real gross domestic product in international context

Annual
Percent change from 2009

Period United States United Kingdom Euro area Japan
2009 0.0 0.0 0.0 0.0
2010 2.5 1.9 2.0 4.7
2011 4.2 3.5 3.6 4.2
2012 6.5 4.8 2.7 6.1
2013 8.1 6.8 2.5 7.5
2014 10.8 10.1 3.7 7.5
2015 13.7 12.5 5.3 8.1
2016 15.5 14.8 7.0 8.9

Source: Organisation for Economic Co-operation and Development (2017), "OECD Economic Outlook No. 100 (Edition 2016/2)," OECD Economic Outlook: Statistics and Projections (database), http://dx.doi.org/10.1787/7fa317bf-en (accessed January 2017).

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The Recovery from the Great Recession and Remaining Challenges: Figure D. Unemployment rate in international context

Annual
Percentage point change from 2009

Period United States United Kingdom Euro area Japan
2009 0.0 0.0 0.0 0.0
2010 0.4 0.3 0.5 0.0
2011 -0.3 0.5 0.6 -0.5
2012 -1.2 0.4 1.8 -0.7
2013 -1.9 0.0 2.4 -1.0
2014 -3.1 -1.4 2.0 -1.5
2015 -4.0 -2.2 1.3 -1.7
2016 -4.4 -2.7 0.5 -1.9

Source: Organisation for Economic Co-operation and Development (2017), "OECD Economic Outlook No. 100 (Edition 2016/2)," OECD Economic Outlook: Statistics and Projections (database), http://dx.doi.org/10.1787/7fa317bf-en (accessed January 2017).

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The Recovery from the Great Recession and Remaining Challenges: Figure E. Real gross domestic product in historical context

Quarterly
Percent change from business cycle trough

Quarters after trough 1975 1982 1991 2002 2009
0 0.00 0.00 0.00 0.00 0.00
1 0.77 1.31 0.78 0.92 0.33
2 2.44 3.62 1.26 1.48 1.30
3 3.82 5.65 1.70 1.97 1.74
4 6.16 7.83 2.90 2.04 2.72
5 6.96 9.97 4.04 2.57 3.41
6 7.51 11.90 5.05 3.52 4.06
7 8.31 13.00 6.10 5.25 3.66
8 9.57 13.91 6.30 6.48 4.42
9 11.73 15.04 6.93 7.09 4.64
10 13.70 16.09 7.45 7.88 5.81
11 13.71 17.90 8.89 8.86 6.52
12 14.11 18.78 9.96 9.80 7.01
13 18.55 19.88 11.46 10.97 7.14
14 19.71 20.43 12.12 11.55 7.17
15 21.31 21.65 13.39 12.49 7.92
16 21.55 22.28 13.78 13.13 8.12
17 21.70 23.13 14.17 14.49 8.96
18 22.57 24.51 15.15 14.83 10.02
19 22.89 25.64 15.97 14.93 9.69
20 23.29 27.72 16.73 15.83 10.76
21 ND 28.43 18.77 15.91 12.11
22 ND 30.13 19.87 16.79 12.76
23 ND 30.88 21.13 17.58 13.33
24 ND 32.62 22.06 18.00 14.06
25 ND 33.95 23.90 ND 14.62
26 ND 35.01 25.47 ND 14.87
27 ND 36.01 26.45 ND 15.11
28 ND 36.30 27.70 ND 15.52
29 ND 37.79 28.94 ND 16.52
30 ND 38.33 30.62 ND 17.06
31 ND 38.36 32.77 ND ND
32 ND ND 33.83 ND ND
33 ND ND 34.93 ND ND
34 ND ND 36.63 ND ND
35 ND ND 39.00 ND ND
36 ND ND 39.41 ND ND
37 ND ND 42.04 ND ND
38 ND ND 42.21 ND ND
39 ND ND 43.02 ND ND
40 ND ND 42.61 ND ND

Note: Real gross domestic product indexed to business cycle trough as dated by the National Bureau of Economic Research. The x-axis shows the number of quarters since the business cycle trough.

Source: Department of Commerce, Bureau of Economic Analysis.

ND No data. Return to table

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Figure 3. Measures of labor underutilization

Monthly
Percent

Period Unemployment rate U-4 U-5 U-6
January 2005 5.3 5.6 6.4 9.3
February 2005 5.4 5.7 6.4 9.3
March 2005 5.2 5.5 6.2 9.1
April 2005 5.2 5.4 6.1 8.9
May 2005 5.1 5.4 6.0 8.9
June 2005 5.0 5.3 6.0 9.0
July 2005 5.0 5.3 5.9 8.8
August 2005 4.9 5.1 5.9 8.9
September 2005 5.0 5.3 5.9 9.0
October 2005 5.0 5.2 5.9 8.7
November 2005 5.0 5.3 5.9 8.7
December 2005 4.9 5.1 5.8 8.6
January 2006 4.7 5.0 5.7 8.4
February 2006 4.8 5.0 5.7 8.4
March 2006 4.7 5.0 5.6 8.2
April 2006 4.7 5.0 5.5 8.1
May 2006 4.6 4.8 5.5 8.2
June 2006 4.6 4.9 5.6 8.4
July 2006 4.7 5.0 5.7 8.5
August 2006 4.7 5.0 5.7 8.4
September 2006 4.5 4.7 5.3 8.0
October 2006 4.4 4.6 5.3 8.2
November 2006 4.5 4.7 5.4 8.1
December 2006 4.4 4.6 5.2 7.9
January 2007 4.6 4.9 5.6 8.4
February 2007 4.5 4.8 5.4 8.2
March 2007 4.4 4.6 5.3 8.0
April 2007 4.5 4.7 5.4 8.2
May 2007 4.4 4.7 5.3 8.2
June 2007 4.6 4.8 5.5 8.3
July 2007 4.7 4.9 5.5 8.4
August 2007 4.6 4.9 5.5 8.4
September 2007 4.7 4.8 5.5 8.4
October 2007 4.7 4.9 5.6 8.4
November 2007 4.7 4.9 5.5 8.4
December 2007 5.0 5.2 5.8 8.8
January 2008 5.0 5.3 6.0 9.2
February 2008 4.9 5.1 5.9 9.0
March 2008 5.1 5.3 5.9 9.1
April 2008 5.0 5.2 5.8 9.2
May 2008 5.4 5.7 6.3 9.7
June 2008 5.6 5.8 6.5 10.1
July 2008 5.8 6.1 6.7 10.5
August 2008 6.1 6.3 7.1 10.8
September 2008 6.1 6.4 7.1 11.0
October 2008 6.5 6.8 7.5 11.8
November 2008 6.8 7.2 8.0 12.6
December 2008 7.3 7.7 8.4 13.6
January 2009 7.8 8.3 9.1 14.2
February 2009 8.3 8.8 9.5 15.2
March 2009 8.7 9.1 9.9 15.8
April 2009 9.0 9.4 10.2 15.9
May 2009 9.4 9.8 10.6 16.5
June 2009 9.5 10.0 10.8 16.5
July 2009 9.5 9.9 10.8 16.4
August 2009 9.6 10.0 10.9 16.7
September 2009 9.8 10.2 11.0 16.7
October 2009 10.0 10.5 11.4 17.1
November 2009 9.9 10.4 11.2 17.1
December 2009 9.9 10.4 11.3 17.1
January 2010 9.8 10.4 11.3 16.7
February 2010 9.8 10.5 11.3 17.0
March 2010 9.9 10.5 11.2 17.1
April 2010 9.9 10.6 11.3 17.1
May 2010 9.6 10.3 10.9 16.6
June 2010 9.4 10.1 10.9 16.4
July 2010 9.4 10.1 11.0 16.4
August 2010 9.5 10.2 10.9 16.5
September 2010 9.5 10.2 10.9 16.8
October 2010 9.4 10.2 11.0 16.6
November 2010 9.8 10.5 11.2 16.9
December 2010 9.3 10.1 10.9 16.6
January 2011 9.1 9.7 10.8 16.2
February 2011 9.0 9.6 10.6 16.0
March 2011 9.0 9.5 10.4 15.9
April 2011 9.1 9.7 10.5 16.1
May 2011 9.0 9.5 10.3 15.8
June 2011 9.1 9.7 10.7 16.1
July 2011 9.0 9.6 10.6 15.9
August 2011 9.0 9.6 10.5 16.1
September 2011 9.0 9.7 10.5 16.4
October 2011 8.8 9.4 10.3 15.8
November 2011 8.6 9.3 10.1 15.5
December 2011 8.5 9.1 10.0 15.2
January 2012 8.3 8.9 9.9 15.2
February 2012 8.3 8.9 9.8 15.0
March 2012 8.2 8.7 9.6 14.5
April 2012 8.2 8.8 9.6 14.6
May 2012 8.2 8.7 9.6 14.7
June 2012 8.2 8.7 9.6 14.8
July 2012 8.2 8.7 9.6 14.8
August 2012 8.1 8.6 9.6 14.6
September 2012 7.8 8.3 9.3 14.8
October 2012 7.8 8.3 9.2 14.4
November 2012 7.7 8.3 9.2 14.4
December 2012 7.9 8.5 9.4 14.4
January 2013 8.0 8.5 9.4 14.5
February 2013 7.7 8.2 9.2 14.4
March 2013 7.5 8.0 8.9 13.8
April 2013 7.6 8.1 8.9 14.0
May 2013 7.5 8.0 8.8 13.8
June 2013 7.5 8.1 9.0 14.2
July 2013 7.3 7.9 8.7 13.8
August 2013 7.3 7.8 8.6 13.6
September 2013 7.2 7.7 8.6 13.7
October 2013 7.2 7.7 8.5 13.6
November 2013 6.9 7.4 8.2 13.1
December 2013 6.7 7.3 8.1 13.1
January 2014 6.6 7.1 8.1 12.7
February 2014 6.7 7.1 8.0 12.6
March 2014 6.7 7.1 7.9 12.6
April 2014 6.2 6.7 7.5 12.3
May 2014 6.3 6.7 7.5 12.1
June 2014 6.1 6.5 7.3 12.0
July 2014 6.2 6.6 7.5 12.2
August 2014 6.2 6.6 7.4 12.0
September 2014 5.9 6.3 7.3 11.8
October 2014 5.7 6.2 7.0 11.5
November 2014 5.8 6.2 7.0 11.4
December 2014 5.6 6.0 6.9 11.2
January 2015 5.7 6.1 7.0 11.3
February 2015 5.5 6.0 6.8 11.0
March 2015 5.4 5.9 6.7 10.9
April 2015 5.4 5.9 6.7 10.8
May 2015 5.5 5.8 6.6 10.7
June 2015 5.3 5.6 6.4 10.5
July 2015 5.2 5.6 6.4 10.3
August 2015 5.1 5.5 6.2 10.2
September 2015 5.0 5.4 6.2 10.0
October 2015 5.0 5.4 6.2 9.8
November 2015 5.0 5.4 6.1 9.9
December 2015 5.0 5.4 6.1 9.9
January 2016 4.9 5.3 6.2 9.9
February 2016 4.9 5.3 6.0 9.8
March 2016 5.0 5.4 6.0 9.8
April 2016 5.0 5.3 6.0 9.7
May 2016 4.7 5.0 5.7 9.7
June 2016 4.9 5.2 6.0 9.6
July 2016 4.9 5.2 6.0 9.7
August 2016 4.9 5.3 5.9 9.7
September 2016 4.9 5.3 6.0 9.7
October 2016 4.8 5.1 5.9 9.5
November 2016 4.6 5.0 5.8 9.3
December 2016 4.7 5.0 5.7 9.2
January 2017 4.8 5.1 5.8 9.4

Note: Unemployment rate measures total unemployed as a percentage of the labor force. U-4 measures total unemployed plus discouraged workers, as a percentage of the labor force plus discouraged workers. Discouraged workers are a subset of marginally attached workers who are not currently looking for work because they believe no jobs are available for them. U-5 measures total unemployed plus all marginally attached to the labor force, as a percentage of the labor force plus persons marginally attached to the labor force. Marginally attached workers are not in the labor force, want and are available for work, and have looked for a job in the past 12 months. U-6 measures total unemployed plus all marginally attached workers plus total employed part time for economic reasons, as a percentage of the labor force plus all marginally attached workers. The shaded bar indicates a period of business recession as defined by the National Bureau of Economic Research: December 2007-June 2009.

Source: Department of Labor, Bureau of Labor Statistics.

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Figure 4. Unemployment rate by race and ethnicity

Monthly
Percent

Period White Black or African American Asian Hispanic or Latino
January 2005 4.5 10.6 4.1 6.0
February 2005 4.6 10.9 4.3 6.3
March 2005 4.5 10.5 3.9 5.8
April 2005 4.4 10.3 4.2 6.4
May 2005 4.4 10.1 4.2 6.0
June 2005 4.3 10.2 3.6 5.7
July 2005 4.2 9.2 4.8 5.5
August 2005 4.2 9.7 3.7 5.8
September 2005 4.4 9.4 4.3 6.4
October 2005 4.4 9.1 3.2 6.0
November 2005 4.3 10.6 3.6 6.1
December 2005 4.2 9.2 3.8 6.1
January 2006 4.1 8.9 3.0 5.5
February 2006 4.1 9.5 3.0 5.4
March 2006 4.0 9.5 3.5 5.2
April 2006 4.1 9.4 3.9 5.5
May 2006 4.1 8.7 3.3 5.0
June 2006 4.1 8.9 3.1 5.2
July 2006 4.1 9.5 2.4 5.2
August 2006 4.1 8.8 3.0 5.3
September 2006 3.9 9.0 3.0 5.5
October 2006 3.9 8.4 2.8 4.8
November 2006 4.0 8.5 3.1 5.1
December 2006 3.9 8.3 2.5 5.0
January 2007 4.2 7.9 3.1 5.5
February 2007 4.1 8.0 2.6 5.1
March 2007 3.8 8.4 3.0 5.0
April 2007 4.0 8.3 3.5 5.6
May 2007 3.9 8.3 3.2 5.8
June 2007 4.1 8.5 2.7 5.5
July 2007 4.2 8.1 2.7 5.9
August 2007 4.2 7.6 3.5 5.5
September 2007 4.2 8.0 3.4 5.9
October 2007 4.1 8.5 3.8 5.7
November 2007 4.2 8.5 3.6 5.9
December 2007 4.4 9.0 3.7 6.3
January 2008 4.4 9.1 3.1 6.3
February 2008 4.4 8.4 2.9 6.2
March 2008 4.5 9.2 3.6 6.9
April 2008 4.4 8.6 3.5 7.1
May 2008 4.8 9.6 4.1 6.9
June 2008 5.0 9.4 4.2 7.6
July 2008 5.2 10.0 3.7 7.5
August 2008 5.4 10.6 4.5 8.0
September 2008 5.4 11.3 4.0 8.0
October 2008 5.9 11.4 3.9 8.8
November 2008 6.2 11.5 4.8 8.7
December 2008 6.7 12.1 5.1 9.4
January 2009 7.1 12.7 6.1 10.1
February 2009 7.6 13.7 6.7 11.3
March 2009 8.0 13.7 6.5 11.7
April 2009 8.1 15.0 6.8 11.4
May 2009 8.5 15.0 7.0 12.3
June 2009 8.7 14.8 7.9 12.1
July 2009 8.7 14.8 8.1 12.5
August 2009 8.9 14.8 7.6 13.0
September 2009 8.9 15.3 7.6 12.6
October 2009 9.2 15.8 7.6 12.8
November 2009 9.2 15.7 7.2 12.4
December 2009 9.0 16.1 8.4 12.8
January 2010 8.8 16.5 8.3 12.9
February 2010 8.9 16.1 8.2 12.7
March 2010 8.9 16.8 7.6 12.9
April 2010 9.0 16.6 7.0 12.5
May 2010 8.7 15.5 7.8 12.0
June 2010 8.6 15.2 7.4 12.3
July 2010 8.5 15.6 7.9 12.2
August 2010 8.6 15.9 7.3 12.0
September 2010 8.6 16.0 6.6 12.3
October 2010 8.6 15.6 7.2 12.3
November 2010 8.9 16.2 7.5 12.9
December 2010 8.5 15.5 7.2 12.9
January 2011 8.1 15.8 6.8 12.3
February 2011 8.1 15.5 6.7 11.8
March 2011 8.0 15.8 7.3 11.6
April 2011 8.1 16.5 6.5 11.9
May 2011 7.9 16.3 7.2 11.6
June 2011 8.1 16.2 6.5 11.5
July 2011 8.0 15.9 7.4 11.2
August 2011 7.9 16.4 7.2 11.2
September 2011 7.9 15.9 8.0 11.2
October 2011 7.9 14.6 7.4 11.3
November 2011 7.7 15.6 6.4 11.2
December 2011 7.5 15.4 6.8 11.1
January 2012 7.4 13.6 6.7 10.7
February 2012 7.4 14.0 6.2 10.9
March 2012 7.3 14.0 6.4 10.6
April 2012 7.4 13.3 5.4 10.3
May 2012 7.4 13.5 5.5 10.9
June 2012 7.3 14.5 6.1 10.9
July 2012 7.3 14.2 5.9 10.2
August 2012 7.2 13.8 5.9 10.1
September 2012 7.0 13.6 4.9 9.7
October 2012 6.9 14.1 4.9 10.0
November 2012 6.8 13.3 6.3 9.9
December 2012 6.9 14.0 6.6 9.6
January 2013 7.1 13.7 6.4 9.7
February 2013 6.8 13.9 6.0 9.8
March 2013 6.7 13.0 5.1 9.3
April 2013 6.7 13.2 5.3 9.0
May 2013 6.7 13.4 4.5 9.0
June 2013 6.6 14.0 4.7 9.0
July 2013 6.5 12.6 5.4 9.4
August 2013 6.4 12.8 5.2 9.3
September 2013 6.3 13.1 5.4 8.8
October 2013 6.3 12.9 5.3 9.1
November 2013 6.1 12.4 5.2 8.7
December 2013 6.0 11.9 4.2 8.4
January 2014 5.7 12.1 4.8 8.3
February 2014 5.8 11.9 5.9 8.2
March 2014 5.8 12.1 5.5 7.9
April 2014 5.3 11.5 5.8 7.3
May 2014 5.4 11.4 5.5 7.7
June 2014 5.3 10.9 4.8 7.6
July 2014 5.3 11.6 4.2 7.7
August 2014 5.3 11.4 4.6 7.5
September 2014 5.1 11.0 4.5 6.8
October 2014 4.8 10.8 5.0 6.8
November 2014 4.9 11.0 4.7 6.6
December 2014 4.8 10.5 4.3 6.4
January 2015 4.9 10.3 4.1 6.8
February 2015 4.8 10.3 4.0 6.8
March 2015 4.7 9.9 3.2 6.8
April 2015 4.7 9.6 4.4 6.8
May 2015 4.7 10.2 4.1 6.8
June 2015 4.6 9.6 3.8 6.7
July 2015 4.6 9.1 4.0 6.9
August 2015 4.4 9.4 3.5 6.7
September 2015 4.3 9.2 3.6 6.2
October 2015 4.3 9.1 3.5 6.3
November 2015 4.3 9.4 3.9 6.4
December 2015 4.5 8.4 4.0 6.2
January 2016 4.3 8.8 3.7 5.9
February 2016 4.3 8.8 3.8 5.5
March 2016 4.3 8.9 4.0 5.6
April 2016 4.3 8.8 3.8 6.1
May 2016 4.1 8.2 4.1 5.6
June 2016 4.4 8.6 3.5 5.8
July 2016 4.3 8.4 3.8 5.4
August 2016 4.4 8.1 4.2 5.7
September 2016 4.4 8.3 3.9 6.4
October 2016 4.3 8.6 3.4 5.7
November 2016 4.2 8.0 3.0 5.7
December 2016 4.3 7.8 2.6 5.9
January 2017 4.3 7.7 3.7 5.9

Note: Unemployment rate measures total unemployed as a percentage of the labor force. Persons whose ethnicity is identified as Hispanic or Latino may be of any race. The shaded bar indicates a period of business recession as defined by the National Bureau of Economic Research: December 2007-June 2009.

Source: Department of Labor, Bureau of Labor Statistics.

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Figure 5. Measures of change in hourly compensation

Quarterly
Percent change from year earlier

Period Compensation per hour, business sector Employment cost index
2010:Q1 1.87 1.65
2010:Q2 1.86 1.92
2010:Q3 1.82 2.00
2010:Q4 1.82 2.09
2011:Q1 2.01 1.98
2011:Q2 2.12 2.33
2011:Q3 2.30 2.14
2011:Q4 2.13 2.22
2012:Q1 1.49 2.12
2012:Q2 1.52 1.84
2012:Q3 1.44 1.92
2012:Q4 2.76 1.83
2013:Q1 2.78 1.90
2013:Q2 2.73 1.89
2013:Q3 2.83 1.88
2013:Q4 1.36 1.96
2014:Q1 1.97 1.70
2014:Q2 1.90 2.02
2014:Q3 1.95 2.27
2014:Q4 2.64 2.35
2015:Q1 2.10 2.75
2015:Q2 2.48 1.90
2015:Q3 2.69 1.89
2015:Q4 2.79 1.88
2016:Q1 3.02 1.79
2016:Q2 2.84 2.35
2016:Q3 2.75 2.26
2016:Q4 2.74 2.17

Note: Business-sector compensation is the four-quarter percentage change of the four-quarter moving average. For the employment cost index, change is over the 12 months ending in the last month of each quarter.

Source: Department of Labor, Bureau of Labor Statistics.

Monthly
Percent change from year earlier

Period Average hourly earnings Atlanta Fed's Wage Growth Tracker
January 2010 2.09 1.6
February 2010 2.09 1.7
March 2010 1.81 1.9
April 2010 1.81 1.9
May 2010 1.90 1.6
June 2010 1.76 1.7
July 2010 1.85 1.8
August 2010 1.75 2.0
September 2010 1.84 1.9
October 2010 1.93 1.7
November 2010 1.79 1.7
December 2010 1.74 1.7
January 2011 1.92 1.9
February 2011 1.83 1.9
March 2011 1.83 1.9
April 2011 1.87 1.9
May 2011 2.04 2.0
June 2011 2.13 2.0
July 2011 2.30 2.1
August 2011 1.95 2.2
September 2011 1.94 2.1
October 2011 2.07 2.2
November 2011 1.98 2.0
December 2011 2.07 2.0
January 2012 1.79 1.9
February 2012 1.79 1.9
March 2012 2.14 2.0
April 2012 2.09 2.2
May 2012 1.74 2.1
June 2012 1.96 2.3
July 2012 1.69 2.1
August 2012 1.86 2.1
September 2012 1.99 2.1
October 2012 1.51 2.1
November 2012 1.94 2.3
December 2012 2.11 2.3
January 2013 2.06 2.4
February 2013 2.19 2.3
March 2013 1.88 2.2
April 2013 1.97 2.2
May 2013 2.14 2.2
June 2013 2.17 2.1
July 2013 2.04 2.3
August 2013 2.26 2.3
September 2013 2.08 2.4
October 2013 2.25 2.2
November 2013 2.20 2.0
December 2013 1.98 2.2
January 2014 2.02 2.3
February 2014 2.23 2.5
March 2014 2.14 2.4
April 2014 2.01 2.3
May 2014 2.13 2.3
June 2014 2.00 2.3
July 2014 2.09 2.4
August 2014 2.21 2.4
September 2014 2.04 2.6
October 2014 2.03 2.8
November 2014 2.03 2.9
December 2014 1.86 2.9
January 2015 2.19 3.0
February 2015 1.93 3.0
March 2015 2.22 3.2
April 2015 2.26 3.3
May 2015 2.30 3.3
June 2015 2.09 3.2
July 2015 2.21 3.1
August 2015 2.24 3.1
September 2015 2.32 3.0
October 2015 2.56 2.9
November 2015 2.39 3.1
December 2015 2.52 3.1
January 2016 2.51 3.1
February 2016 2.38 3.2
March 2016 2.45 3.2
April 2016 2.61 3.4
May 2016 2.52 3.5
June 2016 2.64 3.6
July 2016 2.76 3.4
August 2016 2.55 3.3
September 2016 2.75 3.6
October 2016 2.74 3.9
November 2016 2.65 3.9
December 2016 2.81 3.5
January 2017 2.48 ND

Note: For average hourly earnings, change is from 12 months earlier; for the Atlanta Fed's Wage Growth Tracker, the data are shown as a three-month moving average and extend through December 2016.

Source: Department of Labor, Bureau of Labor Statistics; Federal Reserve Bank of Atlanta, Wage Growth Tracker.

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Figure 6. Change in business-sector output per hour

Percent, annual rate

Period Percent change
1948-1973 3.20
1974-1995 1.59
1996-2000 3.09
2001-2007 2.61
2008-present 1.17

Note: Changes are measured from Q4 of the year immediately preceding the period through Q4 of the final year of the period. The final period is measured from 2007:Q4 through 2016:Q4.

Source: Department of Labor, Bureau of Labor Statistics.

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Figure 7. Change in the price index for personal consumption expenditures

Monthly
12-month percent change

Period Total Excluding food and energy
January 2010 2.19 1.56
February 2010 1.98 1.54
March 2010 2.19 1.56
April 2010 2.02 1.33
May 2010 1.93 1.34
June 2010 1.38 1.31
July 2010 1.55 1.35
August 2010 1.42 1.33
September 2010 1.35 1.19
October 2010 1.27 0.97
November 2010 1.20 0.99
December 2010 1.39 0.95
January 2011 1.43 0.99
February 2011 1.70 1.08
March 2011 1.97 1.09
April 2011 2.43 1.31
May 2011 2.71 1.43
June 2011 2.69 1.46
July 2011 2.77 1.58
August 2011 2.86 1.69
September 2011 2.93 1.72
October 2011 2.75 1.78
November 2011 2.73 1.84
December 2011 2.50 1.96
January 2012 2.57 2.09
February 2012 2.52 2.06
March 2012 2.37 2.11
April 2012 2.06 2.03
May 2012 1.66 1.91
June 2012 1.60 1.90
July 2012 1.44 1.84
August 2012 1.55 1.68
September 2012 1.71 1.73
October 2012 1.94 1.84
November 2012 1.68 1.78
December 2012 1.66 1.72
January 2013 1.55 1.67
February 2013 1.71 1.66
March 2013 1.35 1.56
April 2013 1.13 1.44
May 2013 1.24 1.43
June 2013 1.44 1.45
July 2013 1.51 1.44
August 2013 1.31 1.50
September 2013 1.11 1.50
October 2013 0.96 1.43
November 2013 1.23 1.49
December 2013 1.42 1.55
January 2014 1.46 1.47
February 2014 1.13 1.43
March 2014 1.43 1.54
April 2014 1.74 1.67
May 2014 1.83 1.74
June 2014 1.75 1.71
July 2014 1.78 1.77
August 2014 1.62 1.71
September 2014 1.62 1.72
October 2014 1.51 1.64
November 2014 1.29 1.55
December 2014 0.91 1.50
January 2015 0.26 1.41
February 2015 0.36 1.46
March 2015 0.37 1.44
April 2015 0.23 1.40
May 2015 0.31 1.35
June 2015 0.39 1.36
July 2015 0.36 1.31
August 2015 0.38 1.36
September 2015 0.24 1.38
October 2015 0.28 1.34
November 2015 0.45 1.38
December 2015 0.56 1.39
January 2016 1.10 1.61
February 2016 0.87 1.66
March 2016 0.76 1.55
April 2016 1.01 1.60
May 2016 0.96 1.64
June 2016 0.91 1.60
July 2016 0.85 1.64
August 2016 1.00 1.74
September 2016 1.25 1.70
October 2016 1.43 1.76
November 2016 1.38 1.66
December 2016 1.62 1.70

Note: The data extend through December 2016; changes are from one year earlier.

Source: Department of Commerce, Bureau of Economic Analysis.

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Figure 8. Brent spot and futures prices

Series: 
Spot price and December 2018 futures contracts
Horizon: January 5, 2012, to February 9, 2017

Description: The data are weekly averages of daily data and are plotted as two curves. Units for both the spot price and the futures contracts are in dollars per barrel along the right axis. In the early part of 2012, there is a notable increase and then a sharp decrease in the spot price. Both series remain fairly constant from late 2012 until mid-2014, when both series decrease sharply. Spot and futures prices are little changed, on net, over the first half of 2015 but then decline over the second half. Both series begin to increase in early 2016. In late 2016 and early 2017, the spot price increases while the futures prices begin to level off. As a result, the gap between futures contracts and the spot price narrows until the series are nearly identical in February 2017.

The spot price starts at just above 110 at the beginning of 2012 and then increases fairly rapidly through the first quarter before peaking at around 125. The price then falls dramatically to around 90 before recovering to around 110 through the middle of 2012. The price then fluctuates around 110 through the first half of 2014, with the most dramatic change being a fall from around 120 to around 100 in the beginning of 2013. In the second half of 2014, the series declines dramatically from above 110 to below 50. In the first quarter of 2015, the series increases steeply to 60 before making a slight drop to near 55. In the second quarter of 2015, the series increases to above 65, then declines to about 45 in the middle of the third quarter. From the beginning of the fourth quarter to the beginning of the first quarter of 2016, the series declines from about 50 to just under 30. The series gradually increases over 2016 and the start of 2017 to about 55 by the beginning of February, where the series ends.

The December 2018 future contracts series starts just above 90 in 2012 and is relatively unchanged with little volatility until the middle of 2014, when the series gradually increases to just under 100. Starting in the third quarter of 2014 until January 2015, the series drops dramatically to about 70. It then stays around 70 before a steeper decline to about 60 occurs in the third quarter. The series remains around 60 in the beginning of the fourth quarter but then declines to just below 45 between the middle of the fourth quarter and the beginning of the first quarter of 2016. The series then gradually increases over the first half of 2016 to about 55 by the middle of June. The series then fluctuates between 50 and 60 for the period from the middle of June until early February, when the series ends.

Note: The data are weekly averages of daily data and extend through February 9, 2017.

Source: NYMEX via Bloomberg.

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Figure 9. Non-oil import prices and U.S. dollar exchange rate

Monthly
12-month percent change

Period Non-oil import prices Broad nominal dollar
January 2011 2.99 -2.73
February 2011 3.62 -4.90
March 2011 4.26 -5.00
April 2011 4.60 -6.11
May 2011 4.68 -8.68
June 2011 5.15 -9.20
July 2011 5.43 -8.39
August 2011 5.51 -7.14
September 2011 5.41 -3.42
October 2011 4.76 0.07
November 2011 3.65 0.43
December 2011 3.37 0.71
January 2012 2.46 1.25
February 2012 1.66 0.26
March 2012 1.48 1.84
April 2012 0.69 3.89
May 2012 0.17 5.75
June 2012 -0.09 7.29
July 2012 -0.52 7.52
August 2012 -0.86 5.98
September 2012 -0.85 1.29
October 2012 -0.17 0.08
November 2012 0.09 0.08
December 2012 0.09 -1.43
January 2013 0.17 -0.90
February 2013 0.26 1.68
March 2013 -0.17 1.95
April 2013 -0.17 1.26
May 2013 -0.43 -0.05
June 2013 -0.52 -0.66
July 2013 -0.78 0.35
August 2013 -0.86 1.11
September 2013 -1.03 2.51
October 2013 -1.29 1.76
November 2013 -1.20 2.02
December 2013 -1.12 2.77
January 2014 -0.77 3.84
February 2014 -0.51 3.25
March 2014 0.00 2.26
April 2014 -0.34 2.24
May 2014 -0.09 1.48
June 2014 0.09 0.81
July 2014 0.70 0.03
August 2014 0.78 1.05
September 2014 0.70 2.78
October 2014 0.44 5.17
November 2014 0.09 6.01
December 2014 -0.09 8.43
January 2015 -1.21 9.70
February 2015 -1.72 10.83
March 2015 -2.58 12.93
April 2015 -2.67 12.25
May 2015 -2.67 11.74
June 2015 -2.59 12.44
July 2015 -2.85 14.66
August 2015 -3.11 15.76
September 2015 -3.20 14.90
October 2015 -3.38 12.45
November 2015 -3.39 12.26
December 2015 -3.74 10.69
January 2016 -3.15 10.81
February 2016 -3.07 8.47
March 2016 -2.73 4.40
April 2016 -2.30 3.75
May 2016 -1.86 5.66
June 2016 -2.04 5.23
July 2016 -1.33 4.16
August 2016 -0.89 1.31
September 2016 -0.63 1.32
October 2016 -0.45 3.16
November 2016 -0.18 4.01
December 2016 0.00 4.55
January 2017 ND 2.15

Note: The data for non-oil import prices extend through December 2016.

Source: Department of Labor, Bureau of Labor Statistics; Federal Reserve Board, Statistical Release H.10, "Foreign Exchange Rates."

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Figure 10. Median inflation expectations

SPF expectations for next 10 years

Period Percent
2007:Q1 2.00
2007:Q2 2.00
2007:Q3 2.10
2007:Q4 2.10
2008:Q1 2.20
2008:Q2 2.20
2008:Q3 2.20
2008:Q4 2.20
2009:Q1 2.20
2009:Q2 2.28
2009:Q3 2.15
2009:Q4 2.10
2010:Q1 2.10
2010:Q2 2.15
2010:Q3 2.11
2010:Q4 2.00
2011:Q1 2.10
2011:Q2 2.27
2011:Q3 2.25
2011:Q4 2.16
2012:Q1 2.15
2012:Q2 2.20
2012:Q3 2.20
2012:Q4 2.10
2013:Q1 2.00
2013:Q2 2.00
2013:Q3 2.00
2013:Q4 2.00
2014:Q1 2.00
2014:Q2 2.00
2014:Q3 2.00
2014:Q4 2.00
2015:Q1 2.00
2015:Q2 1.98
2015:Q3 2.00
2015:Q4 1.90
2016:Q1 1.97
2016:Q2 2.00
2016:Q3 2.00
2016:Q4 2.00
2017:Q1 2.10

Note: The SPF data for inflation expectations for personal consumption expenditures are quarterly and extend from 2007:Q1 through 2017:Q1.

Source: Federal Reserve Bank of Philadelphia, Survey of Professional Forecasters (SPF).

Michigan survey expectations for next 5 to 10 years

Period Percent
January 2003 2.7
February 2003 2.7
March 2003 2.8
April 2003 2.7
May 2003 2.8
June 2003 2.7
July 2003 2.7
August 2003 2.7
September 2003 2.7
October 2003 2.8
November 2003 2.7
December 2003 2.8
January 2004 2.8
February 2004 2.9
March 2004 2.9
April 2004 2.7
May 2004 2.8
June 2004 2.9
July 2004 2.8
August 2004 2.7
September 2004 2.8
October 2004 2.8
November 2004 2.7
December 2004 2.8
January 2005 2.7
February 2005 2.8
March 2005 2.9
April 2005 3.0
May 2005 2.9
June 2005 2.8
July 2005 2.9
August 2005 2.8
September 2005 3.1
October 2005 3.2
November 2005 3.0
December 2005 3.1
January 2006 2.9
February 2006 2.9
March 2006 2.9
April 2006 3.1
May 2006 3.2
June 2006 2.9
July 2006 2.9
August 2006 3.2
September 2006 3.0
October 2006 3.1
November 2006 3.0
December 2006 3.0
January 2007 3.0
February 2007 2.9
March 2007 2.9
April 2007 3.1
May 2007 3.1
June 2007 2.9
July 2007 3.1
August 2007 2.9
September 2007 2.9
October 2007 2.8
November 2007 2.9
December 2007 3.1
January 2008 3.0
February 2008 3.0
March 2008 2.9
April 2008 3.2
May 2008 3.4
June 2008 3.4
July 2008 3.2
August 2008 3.2
September 2008 3.0
October 2008 2.9
November 2008 2.9
December 2008 2.6
January 2009 2.9
February 2009 3.1
March 2009 2.6
April 2009 2.8
May 2009 2.9
June 2009 3.0
July 2009 3.0
August 2009 2.8
September 2009 2.8
October 2009 2.9
November 2009 3.0
December 2009 2.7
January 2010 2.9
February 2010 2.7
March 2010 2.7
April 2010 2.7
May 2010 2.9
June 2010 2.8
July 2010 2.9
August 2010 2.8
September 2010 2.7
October 2010 2.8
November 2010 2.8
December 2010 2.8
January 2011 2.9
February 2011 2.9
March 2011 3.2
April 2011 2.9
May 2011 2.9
June 2011 3.0
July 2011 2.9
August 2011 2.9
September 2011 2.8
October 2011 2.7
November 2011 2.7
December 2011 2.7
January 2012 2.7
February 2012 2.9
March 2012 3.0
April 2012 2.9
May 2012 2.7
June 2012 2.8
July 2012 2.7
August 2012 3.0
September 2012 2.8
October 2012 2.7
November 2012 2.8
December 2012 2.9
January 2013 2.9
February 2013 3.0
March 2013 2.8
April 2013 2.9
May 2013 2.9
June 2013 2.9
July 2013 2.8
August 2013 2.9
September 2013 3.0
October 2013 2.8
November 2013 2.9
December 2013 2.7
January 2014 2.9
February 2014 2.9
March 2014 2.9
April 2014 2.9
May 2014 2.8
June 2014 2.9
July 2014 2.7
August 2014 2.9
September 2014 2.8
October 2014 2.8
November 2014 2.6
December 2014 2.8
January 2015 2.8
February 2015 2.7
March 2015 2.8
April 2015 2.6
May 2015 2.8
June 2015 2.6
July 2015 2.8
August 2015 2.7
September 2015 2.7
October 2015 2.5
November 2015 2.6
December 2015 2.6
January 2016 2.7
February 2016 2.5
March 2016 2.7
April 2016 2.5
May 2016 2.5
June 2016 2.6
July 2016 2.6
August 2016 2.5
September 2016 2.6
October 2016 2.4
November 2016 2.6
December 2016 2.3
January 2017 2.6
February 2017 2.5

Note: The Michigan survey data are monthly and extend through February; the February data are preliminary.

Source: University of Michigan Surveys of Consumers.

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Figure 11. 5-to-10-year-forward inflation compensation

Series: Inflation swaps and TIPS breakeven 5-to-10-year-forward inflation compensation

Horizon: January 2009 to February 2017

Description: Weekly data are plotted as two curves. Units for both series are percent and are along the right axis. Broadly speaking, the two curves tend to run parallel, with the inflation swaps series running a little higher than the TIPS breakeven series after 2011. The two series are largely indistinguishable between 2009 and 2011.

The inflation swaps series starts in January 2009 at approximately 2.75 percent, spiking to approximately 3.5 in mid-2009, declining to approximately 2.5 in mid-2010, and spiking again to approximately 3 in mid-2011. The series continues to fluctuate between about 2.5 and 3.1 from late 2011 through mid-2014. The series then sharply declines over the latter half of 2014, briefly rises in mid-2015, and then declines, on average, through mid-2016 to a low of approximately 1.75. The series then begins to climb over the second half of 2016 to end at almost 2.5 on February 10, 2017.

The TIPS breakeven series starts at approximately 2.3 percent for the first week of January 2009, spiking to approximately 2.75 later that month, and subsequently follows a path similar to the inflation swaps series. The series continues to fluctuate between about 2.25 and 3.25 from early 2009 through mid-2014. The series then sharply declines over the latter half of 2014 and increases modestly in the second quarter of 2015. The series stays below 2 for the rest of 2015 and 2016, and then mostly climbs in late 2016 to end at almost 2.0 on February 10, 2017.

Note: The data are weekly averages of daily data and extend through February 10, 2017. TIPS is Treasury Inflation-Protected Securities.

Source: Federal Reserve Bank of New York; Barclays; Federal Reserve Board staff estimates.

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Figure 12. Change in real gross domestic product and gross domestic income

Percent, annual rate

Period Gross domestic product Gross domestic income
2010 2.73 2.59
2011 1.68 2.09
2012 1.28 2.85
2013 2.66 1.28
2014 2.49 3.97
2015 1.88 1.51
2016:H1 1.12 0.76
2016:H2* 2.69 ND

* Gross domestic income is not yet available for 2016:H2. Return to table

Source: Department of Commerce, Bureau of Economic Analysis.

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Figure 13. Change in real personal consumption expenditures and disposable personal income

Percent, annual rate

Period Personal consumption expenditures Disposable personal income
2010 3.05 2.62
2011 1.48 1.66
2012 1.32 5.05
2013 2.00 -2.84
2014 3.51 4.54
2015 2.56 3.03
2016:H1 2.95 2.52
2016:H2 2.73 2.08

Source: Department of Commerce, Bureau of Economic Analysis.

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Figure 14. Prices of existing single-family houses

Monthly
Percent change from year earlier

Period S&P/Case-Shiller national index Zillow index CoreLogic price index
January 2006 12.93 10.64 14.82
February 2006 12.09 10.20 13.97
March 2006 11.05 9.87 12.62
April 2006 9.97 9.57 11.07
May 2006 8.76 8.97 9.42
June 2006 7.29 8.10 7.53
July 2006 6.04 7.18 5.91
August 2006 4.83 6.58 4.50
September 2006 3.72 6.04 3.33
October 2006 2.96 5.39 2.40
November 2006 2.20 4.49 1.42
December 2006 1.74 3.93 0.33
January 2007 1.05 3.38 -0.59
February 2007 0.53 3.10 -1.46
March 2007 -0.30 2.56 -2.78
April 2007 -0.82 2.18 -3.67
May 2007 -1.35 1.76 -4.38
June 2007 -1.63 1.29 -4.72
July 2007 -1.96 0.72 -5.08
August 2007 -2.26 0.31 -5.72
September 2007 -2.75 -0.26 -6.70
October 2007 -3.54 -0.92 -7.95
November 2007 -4.60 -1.38 -9.17
December 2007 -5.39 -1.99 -10.31
January 2008 -6.36 -2.66 -11.57
February 2008 -7.27 -3.57 -12.79
March 2008 -7.84 -4.48 -13.50
April 2008 -8.13 -5.39 -14.12
May 2008 -8.17 -6.01 -14.23
June 2008 -8.26 -6.53 -14.26
July 2008 -8.44 -6.70 -14.59
August 2008 -8.85 -7.03 -14.96
September 2008 -9.60 -7.35 -15.75
October 2008 -10.35 -7.38 -16.52
November 2008 -10.90 -7.37 -17.01
December 2008 -12.00 -7.20 -17.84
January 2009 -12.69 -6.98 -18.27
February 2009 -12.75 -6.66 -17.76
March 2009 -12.74 -6.40 -16.90
April 2009 -12.17 -6.29 -15.58
May 2009 -11.28 -6.23 -13.81
June 2009 -10.05 -6.16 -11.99
July 2009 -9.03 -6.20 -10.39
August 2009 -8.28 -6.18 -8.99
September 2009 -7.60 -6.10 -7.72
October 2009 -6.65 -6.13 -6.04
November 2009 -5.21 -6.10 -4.02
December 2009 -3.85 -6.18 -2.28
January 2010 -2.93 -6.38 -1.41
February 2010 -3.10 -6.57 -1.39
March 2010 -2.00 -6.32 -0.16
April 2010 -1.08 -5.91 0.97
May 2010 -0.79 -5.66 1.17
June 2010 -1.43 -5.35 0.73
July 2010 -2.14 -5.15 -0.18
August 2010 -2.85 -5.17 -1.23
September 2010 -3.38 -5.26 -2.14
October 2010 -3.69 -5.40 -2.82
November 2010 -4.15 -5.49 -3.58
December 2010 -4.13 -5.39 -3.64
January 2011 -4.11 -5.18 -3.61
February 2011 -3.72 -4.97 -3.58
March 2011 -4.05 -5.05 -4.38
April 2011 -4.29 -5.18 -4.57
May 2011 -4.31 -5.26 -4.46
June 2011 -3.89 -5.28 -3.89
July 2011 -3.53 -5.36 -3.05
August 2011 -3.16 -5.21 -2.32
September 2011 -3.06 -4.80 -1.63
October 2011 -3.30 -4.46 -1.36
November 2011 -3.64 -4.23 -1.34
December 2011 -3.89 -3.99 -1.01
January 2012 -3.50 -3.62 -0.39
February 2012 -2.71 -3.13 0.59
March 2012 -1.38 -2.63 1.95
April 2012 -0.47 -2.19 2.77
May 2012 0.28 -1.55 3.50
June 2012 0.89 -1.04 3.85
July 2012 1.38 -0.33 4.23
August 2012 2.07 0.39 4.83
September 2012 3.01 0.85 5.44
October 2012 4.04 1.38 6.15
November 2012 5.36 1.98 7.12
December 2012 6.47 2.44 7.95
January 2013 7.58 2.90 8.75
February 2013 8.34 3.29 9.38
March 2013 8.90 3.55 10.01
April 2013 9.03 4.08 10.09
May 2013 9.09 4.53 9.92
June 2013 9.28 4.98 9.52
July 2013 9.73 5.29 9.56
August 2013 10.17 5.67 9.76
September 2013 10.63 5.91 10.13
October 2013 10.85 6.09 10.40
November 2013 10.72 6.20 10.36
December 2013 10.74 6.31 10.17
January 2014 10.47 6.35 10.17
February 2014 10.17 6.25 10.17
March 2014 8.98 6.23 9.32
April 2014 7.97 5.94 8.30
May 2014 7.05 5.65 7.28
June 2014 6.27 5.43 6.51
July 2014 5.60 5.21 5.90
August 2014 5.07 4.75 5.43
September 2014 4.75 4.60 5.19
October 2014 4.62 4.52 5.25
November 2014 4.59 4.38 5.22
December 2014 4.51 4.24 5.10
January 2015 4.32 4.04 5.18
February 2015 4.23 3.90 5.27
March 2015 4.29 4.13 5.40
April 2015 4.32 4.35 5.45
May 2015 4.38 4.46 5.45
June 2015 4.39 4.68 5.40
July 2015 4.44 4.84 5.23
August 2015 4.52 5.06 5.21
September 2015 4.72 5.16 5.43
October 2015 4.93 5.26 5.46
November 2015 5.15 5.36 5.48
December 2015 5.27 5.46 5.66
January 2016 5.36 5.62 5.65
February 2016 5.25 5.83 5.49
March 2016 5.12 5.80 5.47
April 2016 5.07 5.71 5.50
May 2016 5.01 5.69 5.21
June 2016 4.94 5.77 4.96
July 2016 4.95 5.85 5.00
August 2016 5.12 5.88 5.09
September 2016 5.31 6.02 5.27
October 2016 5.46 6.16 5.78
November 2016 5.64 6.53 6.49
December 2016 ND 6.78 7.17

Note: The data for the S&P/Case-Shiller index extend through November 2016. The data for the Zillow and CoreLogic indexes extend through December 2016.

Source: CoreLogic Home Price Index; Zillow; S&P/Case-Shiller U.S. National Home Price Index. The S&P/Case-Shiller Index is a product of S&P Dow Jones Indices LLC and/or its affiliates. (For Dow Jones Indices licensing information, see the note on the Contents page: For figures 14, 33, and 37, note that the S&P 500 Index and the Dow Jones Bank Index are products of S&P Dow Jones Indices LLC and/or its affiliates and have been licensed for use by the Board. Copyright © 2017 S&P Dow Jones Indices LLC, a subsidiary of the McGraw Hill Financial Inc., and/or its affiliates. All rights reserved. Redistribution, reproduction, and/or photocopying in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC's indices please visit www.spdji.com. S&P® is a registered trademark of Standard & Poor's Financial Services LLC, and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent, and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.)

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Figure 15. Nominal house prices and price-rent ratio

Monthly
Index

Period Price-rent ratio CoreLogic price index
January 1990 100.36 75.25
February 1990 100.57 75.52
March 1990 100.49 75.74
April 1990 100.28 75.86
May 1990 100.10 75.89
June 1990 99.63 75.86
July 1990 98.95 75.79
August 1990 98.33 75.70
September 1990 97.75 75.58
October 1990 97.23 75.46
November 1990 96.90 75.32
December 1990 96.41 75.17
January 1991 96.13 75.01
February 1991 95.73 74.87
March 1991 95.28 74.80
April 1991 94.95 74.81
May 1991 94.86 74.90
June 1991 94.85 75.00
July 1991 94.42 75.05
August 1991 94.38 75.01
September 1991 93.63 74.92
October 1991 93.49 74.81
November 1991 93.10 74.73
December 1991 92.93 74.71
January 1992 92.84 74.74
February 1992 92.78 74.80
March 1992 92.31 74.85
April 1992 92.47 74.87
May 1992 92.34 74.82
June 1992 92.00 74.73
July 1992 91.59 74.63
August 1992 91.54 74.58
September 1992 91.43 74.61
October 1992 90.98 74.67
November 1992 90.69 74.76
December 1992 90.80 74.84
January 1993 90.70 74.92
February 1993 90.66 74.99
March 1993 90.75 75.06
April 1993 90.46 75.14
May 1993 90.46 75.24
June 1993 90.39 75.39
July 1993 90.54 75.55
August 1993 90.53 75.75
September 1993 90.69 75.97
October 1993 90.74 76.20
November 1993 90.90 76.43
December 1993 90.94 76.61
January 1994 90.91 76.74
February 1994 90.64 76.83
March 1994 90.50 76.93
April 1994 90.59 77.05
May 1994 90.78 77.19
June 1994 90.92 77.35
July 1994 90.78 77.50
August 1994 90.56 77.62
September 1994 90.38 77.74
October 1994 90.38 77.84
November 1994 90.26 77.95
December 1994 90.34 78.06
January 1995 90.23 78.17
February 1995 90.19 78.29
March 1995 90.14 78.40
April 1995 90.11 78.53
May 1995 90.17 78.68
June 1995 90.21 78.86
July 1995 90.21 79.05
August 1995 90.27 79.26
September 1995 90.32 79.44
October 1995 90.27 79.61
November 1995 90.20 79.75
December 1995 90.21 79.91
January 1996 90.20 80.10
February 1996 90.23 80.32
March 1996 90.39 80.55
April 1996 90.47 80.77
May 1996 90.52 80.96
June 1996 90.42 81.13
July 1996 90.30 81.28
August 1996 90.28 81.42
September 1996 90.21 81.56
October 1996 90.15 81.71
November 1996 90.12 81.89
December 1996 90.18 82.09
January 1997 90.20 82.30
February 1997 90.22 82.53
March 1997 90.32 82.75
April 1997 90.37 82.99
May 1997 90.45 83.26
June 1997 90.51 83.57
July 1997 90.67 83.90
August 1997 90.78 84.24
September 1997 90.90 84.60
October 1997 91.12 84.99
November 1997 91.34 85.42
December 1997 91.66 85.90
January 1998 92.01 86.41
February 1998 92.37 86.92
March 1998 92.70 87.41
April 1998 92.99 87.87
May 1998 93.25 88.31
June 1998 93.40 88.75
July 1998 93.63 89.22
August 1998 93.86 89.74
September 1998 94.13 90.29
October 1998 94.48 90.87
November 1998 94.75 91.43
December 1998 95.10 91.96
January 1999 95.39 92.44
February 1999 95.72 92.90
March 1999 96.03 93.40
April 1999 96.41 93.97
May 1999 96.90 94.59
June 1999 97.36 95.24
July 1999 97.80 95.88
August 1999 98.24 96.52
September 1999 98.61 97.15
October 1999 99.06 97.81
November 1999 99.21 98.50
December 1999 99.66 99.22
January 2000 100.00 100.00
February 2000 100.61 100.83
March 2000 101.20 101.71
April 2000 101.91 102.60
May 2000 102.53 103.47
June 2000 103.04 104.28
July 2000 103.40 105.06
August 2000 103.74 105.81
September 2000 104.07 106.57
October 2000 104.37 107.35
November 2000 104.74 108.15
December 2000 105.07 108.98
January 2001 105.53 109.83
February 2001 105.93 110.67
March 2001 106.26 111.46
April 2001 106.59 112.18
May 2001 106.76 112.84
June 2001 107.03 113.50
July 2001 107.27 114.19
August 2001 107.48 114.91
September 2001 107.68 115.62
October 2001 107.84 116.28
November 2001 107.96 116.90
December 2001 108.02 117.50
January 2002 108.25 118.13
February 2002 108.50 118.85
March 2002 108.94 119.68
April 2002 109.58 120.63
May 2002 110.29 121.67
June 2002 110.92 122.75
July 2002 111.54 123.82
August 2002 112.15 124.83
September 2002 112.66 125.78
October 2002 113.08 126.68
November 2002 113.43 127.58
December 2002 113.88 128.47
January 2003 114.16 129.34
February 2003 114.63 130.20
March 2003 115.08 131.04
April 2003 115.53 131.90
May 2003 116.03 132.82
June 2003 116.71 133.85
July 2003 117.34 135.02
August 2003 118.06 136.32
September 2003 118.84 137.73
October 2003 119.76 139.21
November 2003 120.56 140.73
December 2003 121.46 142.27
January 2004 122.36 143.85
February 2004 123.24 145.46
March 2004 124.23 147.19
April 2004 125.25 149.06
May 2004 126.33 151.04
June 2004 127.40 153.02
July 2004 128.40 154.92
August 2004 129.24 156.74
September 2004 130.15 158.56
October 2004 131.14 160.44
November 2004 132.17 162.40
December 2004 133.09 164.44
January 2005 134.11 166.59
February 2005 135.24 168.87
March 2005 136.41 171.26
April 2005 137.56 173.64
May 2005 138.67 175.91
June 2005 139.69 178.04
July 2005 140.53 180.11
August 2005 141.44 182.18
September 2005 142.27 184.21
October 2005 143.00 186.15
November 2005 143.66 187.98
December 2005 144.31 189.64
January 2006 144.89 191.10
February 2006 145.17 192.22
March 2006 145.17 192.83
April 2006 144.94 192.90
May 2006 144.47 192.61
June 2006 143.84 192.10
July 2006 143.18 191.51
August 2006 142.46 190.98
September 2006 141.87 190.60
October 2006 141.36 190.39
November 2006 140.90 190.27
December 2006 140.35 190.12
January 2007 139.82 189.78
February 2007 139.05 189.09
March 2007 138.14 188.00
April 2007 137.11 186.46
May 2007 135.83 184.54
June 2007 134.47 182.45
July 2007 133.08 180.43
August 2007 131.79 178.55
September 2007 130.43 176.70
October 2007 128.89 174.81
November 2007 127.35 172.88
December 2007 125.78 170.86
January 2008 124.19 168.69
February 2008 122.55 166.28
March 2008 120.72 163.63
April 2008 118.79 160.89
May 2008 116.99 158.24
June 2008 115.06 155.76
July 2008 113.22 153.37
August 2008 111.31 150.98
September 2008 109.33 148.46
October 2008 107.15 145.81
November 2008 104.98 143.17
December 2008 103.05 140.76
January 2009 101.36 138.80
February 2009 100.20 137.38
March 2009 99.43 136.52
April 2009 99.06 136.15
May 2009 99.01 136.17
June 2009 99.18 136.41
July 2009 99.40 136.66
August 2009 99.52 136.85
September 2009 99.68 137.03
October 2009 99.85 137.22
November 2009 99.98 137.40
December 2009 100.02 137.52
January 2010 99.98 137.55
February 2010 100.04 137.56
March 2010 100.02 137.57
April 2010 100.02 137.53
May 2010 99.87 137.27
June 2010 99.42 136.70
July 2010 98.76 135.87
August 2010 98.10 134.91
September 2010 97.32 134.05
October 2010 96.76 133.44
November 2010 96.19 133.05
December 2010 95.71 132.77
January 2011 95.25 132.46
February 2011 94.82 132.03
March 2011 94.35 131.58
April 2011 94.03 131.20
May 2011 93.82 131.02
June 2011 93.77 131.06
July 2011 93.75 131.28
August 2011 93.57 131.52
September 2011 93.43 131.66
October 2011 93.06 131.69
November 2011 92.76 131.67
December 2011 92.46 131.70
January 2012 92.41 131.91
February 2012 92.59 132.38
March 2012 93.00 133.13
April 2012 93.63 134.14
May 2012 94.37 135.31
June 2012 95.15 136.46
July 2012 95.63 137.48
August 2012 96.05 138.37
September 2012 96.38 139.22
October 2012 96.54 140.13
November 2012 96.99 141.11
December 2012 97.45 142.15
January 2013 97.99 143.26
February 2013 98.63 144.47
March 2013 99.33 145.80
April 2013 100.22 147.20
May 2013 100.93 148.56
June 2013 101.67 149.86
July 2013 102.29 151.11
August 2013 102.73 152.37
September 2013 103.31 153.61
October 2013 103.74 154.75
November 2013 104.13 155.78
December 2013 104.37 156.72
January 2014 104.67 157.56
February 2014 104.96 158.25
March 2014 105.01 158.78
April 2014 105.04 159.17
May 2014 105.03 159.52
June 2014 105.07 159.94
July 2014 105.10 160.51
August 2014 105.27 161.25
September 2014 105.44 162.09
October 2014 105.61 162.94
November 2014 105.69 163.74
December 2014 105.89 164.51
January 2015 106.11 165.28
February 2015 106.31 166.08
March 2015 106.52 166.87
April 2015 106.79 167.60
May 2015 106.98 168.30
June 2015 107.12 169.00
July 2015 107.19 169.75
August 2015 107.30 170.51
September 2015 107.30 171.26
October 2015 107.33 171.98
November 2015 107.43 172.67
December 2015 107.53 173.37
January 2016 107.67 174.10
February 2016 107.86 174.88
March 2016 108.07 175.69
April 2016 108.27 176.44
May 2016 108.36 177.11
June 2016 108.41 177.74
July 2016 108.48 178.43
August 2016 108.64 179.36
September 2016 108.96 180.56
October 2016 109.27 181.98
November 2016 109.69 183.48
December 2016 110.08 184.90

Note: The data extend through December 2016. The CoreLogic price index is seasonally adjusted by Federal Reserve Board staff. The price--rent ratio is the ratio of nominal house prices to the consumer price index of rent of primary residence. The data are indexed to 100 in January 2000.

Source: For prices, CoreLogic; for rents, Department of Labor, Bureau of Labor Statistics.

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Figure 16. Wealth-to-income ratio

Quarterly
Ratio

Period Ratio
1993:Q1 5.01
1993:Q2 5.02
1993:Q3 5.08
1993:Q4 5.10
1994:Q1 5.06
1994:Q2 5.02
1994:Q3 5.03
1994:Q4 4.98
1995:Q1 5.00
1995:Q2 5.08
1995:Q3 5.14
1995:Q4 5.20
1996:Q1 5.22
1996:Q2 5.22
1996:Q3 5.22
1996:Q4 5.20
1997:Q1 5.18
1997:Q2 5.38
1997:Q3 5.48
1997:Q4 5.45
1998:Q1 5.61
1998:Q2 5.62
1998:Q3 5.41
1998:Q4 5.70
1999:Q1 5.72
1999:Q2 5.87
1999:Q3 5.77
1999:Q4 6.09
2000:Q1 6.10
2000:Q2 5.96
2000:Q3 5.95
2000:Q4 5.77
2001:Q1 5.55
2001:Q2 5.69
2001:Q3 5.39
2001:Q4 5.64
2002:Q1 5.57
2002:Q2 5.38
2002:Q3 5.22
2002:Q4 5.30
2003:Q1 5.27
2003:Q2 5.41
2003:Q3 5.41
2003:Q4 5.63
2004:Q1 5.79
2004:Q2 5.83
2004:Q3 5.88
2004:Q4 6.04
2005:Q1 6.17
2005:Q2 6.26
2005:Q3 6.35
2005:Q4 6.43
2006:Q1 6.46
2006:Q2 6.39
2006:Q3 6.38
2006:Q4 6.49
2007:Q1 6.48
2007:Q2 6.47
2007:Q3 6.41
2007:Q4 6.23
2008:Q1 5.90
2008:Q2 5.59
2008:Q3 5.47
2008:Q4 5.12
2009:Q1 5.02
2009:Q2 5.06
2009:Q3 5.21
2009:Q4 5.26
2010:Q1 5.32
2010:Q2 5.17
2010:Q3 5.27
2010:Q4 5.42
2011:Q1 5.43
2011:Q2 5.41
2011:Q3 5.18
2011:Q4 5.30
2012:Q1 5.38
2012:Q2 5.35
2012:Q3 5.50
2012:Q4 5.42
2013:Q1 5.87
2013:Q2 5.96
2013:Q3 6.11
2013:Q4 6.28
2014:Q1 6.27
2014:Q2 6.29
2014:Q3 6.24
2014:Q4 6.31
2015:Q1 6.44
2015:Q2 6.41
2015:Q3 6.25
2015:Q4 6.35
2016:Q1 6.34
2016:Q2 6.34
2016:Q3 6.39

Note: The data extend through 2016:Q3. The series is the ratio of household net worth to disposable personal income.

Source: For net worth, Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States"; for income, Department of Commerce, Bureau of Economic Analysis.

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Homeownership by Race and Ethnicity: Figure A. Homeownership rates, by race and ethnicity

Percent

Period White Black or African American Asian Hispanic or Latino All
1900 49.06 20.98 ND ND 45.84
1910 48.12 22.90 ND ND 45.35
1920 48.12 22.54 ND ND 45.47
1930 49.02 23.61 ND ND 46.50
1940 45.57 22.99 ND ND 43.54
1960 64.38 38.14 ND ND 61.88
1970 65.38 41.62 ND ND 62.89
1980 67.74 45.17 52.92 44.40 65.03
1990 68.19 43.50 52.61 42.34 64.24
2000 71.30 46.29 53.46 45.98 66.20
2006 72.34 46.54 60.17 49.52 67.27
2009 70.97 44.64 59.43 48.31 65.96
2012 69.29 42.73 57.34 46.05 64.01
2015 68.59 41.20 57.74 45.43 63.15

Note: The data are every 10 years through 2000, except 1950; after 2000, the data are for 2006, 2009, 2012, and 2015. Persons whose ethnicity is identified as Hispanic or Latino may be of any race.

Source: Department of Commerce, Bureau of the Census.

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Homeownership by Race and Ethnicity: Figure B. Homeownership rates, by race and ethnicity, for households headed by persons aged 30 to 39

Percent

Period White Black or African American Asian Hispanic or Latino
1900 38.25 17.04 ND ND
1910 37.19 17.72 ND ND
1920 36.52 16.12 ND ND
1930 36.59 16.63 ND ND
1940 30.94 13.26 ND ND
1960 63.60 29.42 ND ND
1970 65.58 35.13 ND ND
1980 67.87 40.25 51.19 43.17
1990 61.79 32.48 47.18 37.56
2000 63.66 36.36 44.95 41.60
2006 63.31 35.49 52.04 43.78
2009 59.45 32.79 49.42 39.42
2012 54.32 26.27 44.35 34.92
2015 52.99 23.57 42.28 33.46

Note: The data are every 10 years through 2000, except 1950; after 2000, the data are for 2006, 2009, 2012, and 2015. Persons whose ethnicity is identified as Hispanic or Latino may be of any race.

Source: Department of Commerce, Bureau of the Census.

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Figure 17. Changes in household debt

Billions of dollars, annual rate

Period Mortgages Consumer credit Sum
2007 702.82 153.16 855.99
2008 -17.52 34.30 16.79
2009 -141.93 -88.79 -230.72
2010 -482.70 91.81 -390.88
2011 -214.94 111.06 -103.88
2012 -206.22 162.09 -44.14
2013 -82.95 175.85 92.89
2014 -5.74 221.79 216.05
2015 86.12 217.74 303.85
2016 183.23 214.64 397.86

Note: Changes are calculated from year-end to year-end except 2016 changes, which are calculated from Q3 to Q3.

Source: Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States."

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Figure 18. Indexes of consumer sentiment and income expectations

Monthly
Index

Period Real income expectations
(Diffusion index)
Consumer sentiment
(Index)
January 2000 96.00 112.00
February 2000 96.00 111.30
March 2000 95.33 107.10
April 2000 94.00 109.20
May 2000 93.67 110.70
June 2000 93.33 106.40
July 2000 92.33 108.30
August 2000 93.00 107.30
September 2000 93.00 106.80
October 2000 92.00 105.80
November 2000 90.33 107.60
December 2000 92.00 98.40
January 2001 92.67 94.70
February 2001 93.67 90.60
March 2001 91.33 91.50
April 2001 90.00 88.40
May 2001 87.00 92.00
June 2001 86.67 92.60
July 2001 88.33 92.40
August 2001 91.33 91.50
September 2001 91.33 81.80
October 2001 90.67 82.70
November 2001 89.33 83.90
December 2001 92.33 88.80
January 2002 94.67 93.00
February 2002 95.67 90.70
March 2002 94.33 95.70
April 2002 93.00 93.00
May 2002 91.67 96.90
June 2002 89.33 92.40
July 2002 87.33 88.10
August 2002 88.67 87.60
September 2002 90.00 86.10
October 2002 90.33 80.60
November 2002 89.67 84.20
December 2002 90.67 86.70
January 2003 91.00 82.40
February 2003 87.33 79.90
March 2003 85.67 77.60
April 2003 86.00 86.00
May 2003 89.00 92.10
June 2003 89.33 89.70
July 2003 89.33 90.90
August 2003 88.33 89.30
September 2003 88.67 87.70
October 2003 88.33 89.60
November 2003 90.33 93.70
December 2003 89.00 92.60
January 2004 90.67 103.80
February 2004 88.00 94.40
March 2004 89.00 95.80
April 2004 85.00 94.20
May 2004 83.33 90.20
June 2004 81.67 95.60
July 2004 82.67 96.70
August 2004 83.67 95.90
September 2004 83.33 94.20
October 2004 81.33 91.70
November 2004 81.00 92.80
December 2004 83.33 97.10
January 2005 84.67 95.50
February 2005 85.67 94.10
March 2005 83.33 92.60
April 2005 80.67 87.70
May 2005 78.33 86.90
June 2005 77.67 96.00
July 2005 80.33 96.50
August 2005 80.00 89.10
September 2005 78.67 76.90
October 2005 75.00 74.20
November 2005 74.33 81.60
December 2005 77.33 91.50
January 2006 78.67 91.20
February 2006 79.00 86.70
March 2006 76.33 88.90
April 2006 78.67 87.40
May 2006 77.67 79.10
June 2006 76.33 84.90
July 2006 75.67 84.70
August 2006 78.33 82.00
September 2006 81.00 85.40
October 2006 84.33 93.60
November 2006 85.00 92.10
December 2006 86.33 91.70
January 2007 84.00 96.90
February 2007 83.67 91.30
March 2007 82.00 88.40
April 2007 80.33 87.10
May 2007 78.33 88.30
June 2007 76.00 85.30
July 2007 75.00 90.40
August 2007 74.00 83.40
September 2007 73.33 83.40
October 2007 73.00 80.90
November 2007 76.00 76.10
December 2007 77.00 75.50
January 2008 78.00 78.40
February 2008 73.67 70.80
March 2008 72.67 69.50
April 2008 67.00 62.60
May 2008 66.00 59.80
June 2008 60.33 56.40
July 2008 62.33 61.20
August 2008 61.33 63.00
September 2008 67.33 70.30
October 2008 67.00 57.60
November 2008 69.00 55.30
December 2008 65.67 60.10
January 2009 67.00 61.20
February 2009 67.33 56.30
March 2009 68.67 57.30
April 2009 68.00 65.10
May 2009 66.00 68.70
June 2009 65.67 70.80
July 2009 65.00 66.00
August 2009 66.00 65.70
September 2009 67.67 73.50
October 2009 66.67 70.60
November 2009 66.33 67.40
December 2009 66.33 72.50
January 2010 67.67 74.40
February 2010 67.00 73.60
March 2010 66.33 73.60
April 2010 65.67 72.20
May 2010 66.00 73.60
June 2010 65.67 76.00
July 2010 64.33 67.80
August 2010 64.00 68.90
September 2010 64.33 68.20
October 2010 66.00 67.70
November 2010 67.67 71.60
December 2010 66.33 74.50
January 2011 64.33 74.20
February 2011 61.33 77.50
March 2011 59.33 67.50
April 2011 58.67 69.80
May 2011 57.00 74.30
June 2011 56.00 71.50
July 2011 58.33 63.70
August 2011 59.67 55.80
September 2011 59.33 59.50
October 2011 57.67 60.80
November 2011 57.33 63.70
December 2011 58.67 69.90
January 2012 58.67 75.00
February 2012 60.00 75.30
March 2012 61.33 76.20
April 2012 61.00 76.40
May 2012 62.33 79.30
June 2012 59.67 73.20
July 2012 60.67 72.30
August 2012 58.33 74.30
September 2012 60.33 78.30
October 2012 60.33 82.60
November 2012 63.00 82.70
December 2012 62.33 72.90
January 2013 63.00 73.80
February 2013 60.33 77.60
March 2013 63.33 78.60
April 2013 64.33 76.40
May 2013 67.00 84.50
June 2013 67.33 84.10
July 2013 68.00 85.10
August 2013 68.67 82.10
September 2013 66.33 77.50
October 2013 66.33 73.20
November 2013 64.67 75.10
December 2013 66.00 82.50
January 2014 67.00 81.20
February 2014 68.67 81.60
March 2014 69.00 80.00
April 2014 66.67 84.10
May 2014 65.33 81.90
June 2014 67.00 82.50
July 2014 68.33 81.80
August 2014 69.33 82.50
September 2014 69.67 84.60
October 2014 69.67 86.90
November 2014 70.33 88.80
December 2014 72.67 93.60
January 2015 77.00 98.10
February 2015 78.33 95.40
March 2015 76.67 93.00
April 2015 76.33 95.90
May 2015 77.33 90.70
June 2015 78.00 96.10
July 2015 77.33 93.10
August 2015 78.00 91.90
September 2015 77.00 87.20
October 2015 76.33 90.00
November 2015 76.33 91.30
December 2015 79.33 92.60
January 2016 81.00 92.00
February 2016 81.67 91.70
March 2016 81.67 91.00
April 2016 79.33 89.00
May 2016 79.67 94.70
June 2016 80.33 93.50
July 2016 81.00 90.00
August 2016 80.67 89.80
September 2016 81.33 91.20
October 2016 82.00 87.20
November 2016 84.67 93.80
December 2016 84.67 98.20
January 2017 85.00 98.50
February 2017 84.33 95.70

Note: The data extend through February 2017; the February data are preliminary. The consumer sentiment data are monthly and are indexed to 100 in 1966. The real income expectations data are calculated as the net percentage of survey respondents expecting family income to go up more than prices during the next year or two plus 100 and are shown as a three-month moving average.

Source: University of Michigan Surveys of Consumers.

Return to text

Figure 19. Private housing starts and permits

Monthly
Millions of units, annual rate

Period Multifamily starts Single-family starts Single-family permits
January 2003 0.32 1.54 1.42
February 2003 0.33 1.30 1.36
March 2003 0.33 1.40 1.36
April 2003 0.27 1.37 1.39
May 2003 0.36 1.39 1.39
June 2003 0.35 1.51 1.46
July 2003 0.36 1.54 1.48
August 2003 0.35 1.48 1.52
September 2003 0.38 1.56 1.53
October 2003 0.34 1.63 1.57
November 2003 0.39 1.69 1.51
December 2003 0.41 1.65 1.55
January 2004 0.35 1.56 1.54
February 2004 0.37 1.48 1.56
March 2004 0.37 1.63 1.65
April 2004 0.36 1.65 1.62
May 2004 0.33 1.65 1.68
June 2004 0.30 1.53 1.62
July 2004 0.33 1.68 1.62
August 2004 0.33 1.69 1.61
September 2004 0.35 1.56 1.59
October 2004 0.41 1.66 1.59
November 2004 0.32 1.46 1.57
December 2004 0.33 1.71 1.61
January 2005 0.41 1.74 1.65
February 2005 0.42 1.79 1.63
March 2005 0.28 1.58 1.58
April 2005 0.40 1.66 1.65
May 2005 0.31 1.71 1.64
June 2005 0.35 1.72 1.68
July 2005 0.33 1.72 1.72
August 2005 0.37 1.73 1.72
September 2005 0.36 1.79 1.80
October 2005 0.33 1.74 1.74
November 2005 0.34 1.81 1.73
December 2005 0.37 1.63 1.66
January 2006 0.45 1.82 1.69
February 2006 0.32 1.80 1.64
March 2006 0.37 1.60 1.55
April 2006 0.31 1.51 1.50
May 2006 0.37 1.57 1.45
June 2006 0.35 1.45 1.39
July 2006 0.31 1.42 1.31
August 2006 0.29 1.36 1.28
September 2006 0.34 1.38 1.22
October 2006 0.28 1.21 1.18
November 2006 0.28 1.29 1.16
December 2006 0.40 1.25 1.20
January 2007 0.28 1.13 1.17
February 2007 0.29 1.19 1.14
March 2007 0.29 1.20 1.15
April 2007 0.29 1.20 1.06
May 2007 0.29 1.13 1.04
June 2007 0.32 1.13 1.00
July 2007 0.31 1.04 0.98
August 2007 0.37 0.96 0.92
September 2007 0.25 0.94 0.86
October 2007 0.39 0.88 0.82
November 2007 0.36 0.83 0.80
December 2007 0.23 0.81 0.74
January 2008 0.31 0.77 0.71
February 2008 0.38 0.72 0.66
March 2008 0.28 0.73 0.64
April 2008 0.33 0.68 0.66
May 2008 0.29 0.68 0.63
June 2008 0.40 0.65 0.61
July 2008 0.31 0.62 0.57
August 2008 0.24 0.61 0.54
September 2008 0.28 0.54 0.53
October 2008 0.24 0.54 0.47
November 2008 0.19 0.46 0.42
December 2008 0.16 0.40 0.36
January 2009 0.13 0.36 0.34
February 2009 0.22 0.36 0.38
March 2009 0.15 0.35 0.36
April 2009 0.09 0.39 0.39
May 2009 0.13 0.41 0.43
June 2009 0.10 0.48 0.46
July 2009 0.09 0.51 0.49
August 2009 0.10 0.49 0.49
September 2009 0.08 0.51 0.48
October 2009 0.06 0.48 0.47
November 2009 0.09 0.50 0.48
December 2009 0.10 0.48 0.51
January 2010 0.10 0.51 0.50
February 2010 0.08 0.53 0.51
March 2010 0.09 0.54 0.54
April 2010 0.12 0.57 0.48
May 2010 0.13 0.46 0.44
June 2010 0.09 0.45 0.43
July 2010 0.12 0.43 0.41
August 2010 0.18 0.42 0.40
September 2010 0.15 0.45 0.40
October 2010 0.11 0.44 0.41
November 2010 0.09 0.45 0.42
December 2010 0.11 0.43 0.45
January 2011 0.20 0.43 0.42
February 2011 0.13 0.39 0.38
March 2011 0.17 0.43 0.40
April 2011 0.14 0.42 0.40
May 2011 0.15 0.41 0.41
June 2011 0.17 0.44 0.41
July 2011 0.19 0.43 0.42
August 2011 0.16 0.42 0.43
September 2011 0.23 0.42 0.43
October 2011 0.17 0.44 0.44
November 2011 0.25 0.47 0.45
December 2011 0.17 0.52 0.46
January 2012 0.21 0.52 0.46
February 2012 0.24 0.47 0.49
March 2012 0.22 0.47 0.48
April 2012 0.25 0.50 0.48
May 2012 0.19 0.52 0.50
June 2012 0.23 0.52 0.50
July 2012 0.22 0.52 0.52
August 2012 0.22 0.54 0.52
September 2012 0.25 0.59 0.56
October 2012 0.30 0.61 0.57
November 2012 0.26 0.57 0.57
December 2012 0.36 0.62 0.59
January 2013 0.28 0.61 0.59
February 2013 0.31 0.66 0.61
March 2013 0.38 0.62 0.61
April 2013 0.25 0.58 0.62
May 2013 0.32 0.60 0.62
June 2013 0.25 0.61 0.63
July 2013 0.29 0.60 0.62
August 2013 0.27 0.62 0.63
September 2013 0.28 0.58 0.62
October 2013 0.33 0.59 0.62
November 2013 0.39 0.71 0.65
December 2013 0.36 0.65 0.61
January 2014 0.32 0.58 0.62
February 2014 0.35 0.60 0.61
March 2014 0.32 0.65 0.62
April 2014 0.39 0.65 0.62
May 2014 0.35 0.64 0.63
June 2014 0.33 0.60 0.65
July 2014 0.43 0.65 0.64
August 2014 0.35 0.64 0.64
September 2014 0.34 0.66 0.66
October 2014 0.38 0.72 0.65
November 2014 0.33 0.66 0.66
December 2014 0.36 0.72 0.68
January 2015 0.39 0.71 0.67
February 2015 0.30 0.59 0.64
March 2015 0.34 0.63 0.66
April 2015 0.45 0.75 0.68
May 2015 0.37 0.69 0.69
June 2015 0.53 0.69 0.70
July 2015 0.39 0.76 0.69
August 2015 0.40 0.73 0.71
September 2015 0.45 0.74 0.71
October 2015 0.36 0.71 0.73
November 2015 0.39 0.79 0.74
December 2015 0.40 0.77 0.74
January 2016 0.35 0.78 0.73
February 2016 0.37 0.85 0.73
March 2016 0.36 0.75 0.73
April 2016 0.39 0.76 0.74
May 2016 0.39 0.74 0.73
June 2016 0.43 0.76 0.74
July 2016 0.45 0.77 0.71
August 2016 0.44 0.72 0.74
September 2016 0.27 0.78 0.74
October 2016 0.45 0.87 0.77
November 2016 0.27 0.83 0.78
December 2016 0.43 0.80 0.83

Note: The data extend through December 2016.

Source: Department of Commerce, Bureau of the Census.

Return to text

Figure 20. New and existing home sales

Monthly
Millions, annual rate

Period Existing home sales New home sales
January 2003 6.03 1.00
February 2003 6.02 0.94
March 2003 5.86 1.00
April 2003 5.84 1.01
May 2003 5.94 1.08
June 2003 5.94 1.19
July 2003 6.27 1.17
August 2003 6.52 1.21
September 2003 6.58 1.13
October 2003 6.39 1.14
November 2003 6.23 1.09
December 2003 6.49 1.13
January 2004 6.23 1.17
February 2004 6.41 1.16
March 2004 6.66 1.28
April 2004 6.73 1.19
May 2004 6.85 1.24
June 2004 6.92 1.18
July 2004 6.84 1.09
August 2004 6.70 1.18
September 2004 6.68 1.21
October 2004 6.85 1.31
November 2004 6.96 1.18
December 2004 6.89 1.24
January 2005 7.10 1.20
February 2005 6.88 1.32
March 2005 6.96 1.33
April 2005 7.12 1.26
May 2005 7.08 1.29
June 2005 7.18 1.27
July 2005 7.14 1.39
August 2005 7.23 1.26
September 2005 7.25 1.24
October 2005 7.10 1.34
November 2005 7.03 1.21
December 2005 6.84 1.24
January 2006 6.72 1.17
February 2006 6.84 1.06
March 2006 6.83 1.12
April 2006 6.70 1.12
May 2006 6.58 1.09
June 2006 6.48 1.07
July 2006 6.32 0.97
August 2006 6.34 1.04
September 2006 6.28 1.02
October 2006 6.36 0.94
November 2006 6.34 1.00
December 2006 6.40 1.00
January 2007 5.74 0.89
February 2007 5.79 0.83
March 2007 5.46 0.83
April 2007 5.29 0.89
May 2007 5.27 0.84
June 2007 5.12 0.79
July 2007 5.07 0.78
August 2007 4.87 0.70
September 2007 4.58 0.69
October 2007 4.43 0.73
November 2007 4.46 0.64
December 2007 4.41 0.62
January 2008 4.17 0.63
February 2008 4.12 0.59
March 2008 4.16 0.54
April 2008 4.11 0.54
May 2008 4.14 0.50
June 2008 4.09 0.49
July 2008 4.15 0.48
August 2008 4.19 0.44
September 2008 4.27 0.43
October 2008 4.09 0.39
November 2008 3.77 0.39
December 2008 4.01 0.38
January 2009 3.82 0.34
February 2009 3.97 0.37
March 2009 3.86 0.34
April 2009 3.90 0.34
May 2009 4.00 0.38
June 2009 4.10 0.39
July 2009 4.37 0.41
August 2009 4.45 0.42
September 2009 4.62 0.39
October 2009 5.02 0.40
November 2009 5.44 0.38
December 2009 4.40 0.35
January 2010 4.19 0.35
February 2010 4.27 0.34
March 2010 4.49 0.38
April 2010 4.82 0.42
May 2010 4.88 0.28
June 2010 4.45 0.31
July 2010 3.45 0.28
August 2010 3.68 0.28
September 2010 3.84 0.32
October 2010 3.83 0.29
November 2010 4.02 0.29
December 2010 4.27 0.33
January 2011 4.45 0.31
February 2011 4.15 0.27
March 2011 4.24 0.30
April 2011 4.15 0.31
May 2011 4.13 0.31
June 2011 4.19 0.30
July 2011 4.15 0.30
August 2011 4.41 0.30
September 2011 4.34 0.30
October 2011 4.35 0.32
November 2011 4.40 0.33
December 2011 4.37 0.34
January 2012 4.48 0.34
February 2012 4.58 0.37
March 2012 4.52 0.35
April 2012 4.59 0.35
May 2012 4.60 0.37
June 2012 4.47 0.36
July 2012 4.53 0.37
August 2012 4.76 0.38
September 2012 4.71 0.39
October 2012 4.79 0.36
November 2012 4.96 0.39
December 2012 4.89 0.40
January 2013 4.98 0.44
February 2013 5.06 0.44
March 2013 5.07 0.45
April 2013 5.09 0.45
May 2013 5.14 0.43
June 2013 5.11 0.46
July 2013 5.27 0.38
August 2013 5.26 0.38
September 2013 5.14 0.40
October 2013 5.04 0.44
November 2013 4.92 0.45
December 2013 4.86 0.44
January 2014 4.74 0.45
February 2014 4.72 0.42
March 2014 4.74 0.41
April 2014 4.78 0.40
May 2014 4.90 0.45
June 2014 4.97 0.42
July 2014 4.99 0.40
August 2014 4.96 0.45
September 2014 5.03 0.47
October 2014 5.14 0.47
November 2014 5.04 0.45
December 2014 5.07 0.49
January 2015 4.93 0.52
February 2015 4.97 0.55
March 2015 5.25 0.49
April 2015 5.14 0.50
May 2015 5.29 0.51
June 2015 5.41 0.47
July 2015 5.48 0.50
August 2015 5.29 0.51
September 2015 5.44 0.46
October 2015 5.29 0.48
November 2015 4.86 0.51
December 2015 5.45 0.54
January 2016 5.47 0.53
February 2016 5.07 0.53
March 2016 5.36 0.54
April 2016 5.43 0.57
May 2016 5.51 0.57
June 2016 5.57 0.56
July 2016 5.38 0.62
August 2016 5.30 0.56
September 2016 5.49 0.57
October 2016 5.57 0.57
November 2016 5.65 0.60
December 2016 5.49 0.54

Note: The data extend through December 2016. New home sales includes only single-family sales. Existing home sales includes single-family, condo, townhome, and co-op sales.

Source: For new home sales, Census Bureau; for existing home sales, National Association of Realtors.

Return to text

Figure 21. Mortgage rates and housing affordability

Housing affordability index

Period Index
January 2006 104.21
February 2006 105.60
March 2006 105.63
April 2006 104.51
May 2006 104.08
June 2006 107.43
July 2006 108.15
August 2006 109.42
September 2006 108.39
October 2006 109.61
November 2006 112.15
December 2006 110.70
January 2007 112.14
February 2007 110.76
March 2007 112.33
April 2007 113.19
May 2007 114.99
June 2007 114.28
July 2007 115.05
August 2007 115.00
September 2007 120.45
October 2007 123.54
November 2007 123.53
December 2007 126.22
January 2008 128.80
February 2008 133.29
March 2008 132.16
April 2008 133.37
May 2008 133.54
June 2008 133.47
July 2008 135.49
August 2008 136.17
September 2008 142.79
October 2008 144.83
November 2008 147.21
December 2008 160.48
January 2009 164.86
February 2009 161.53
March 2009 163.45
April 2009 174.24
May 2009 173.75
June 2009 171.72
July 2009 168.85
August 2009 169.90
September 2009 164.44
October 2009 168.88
November 2009 172.48
December 2009 174.73
January 2010 166.38
February 2010 166.08
March 2010 167.30
April 2010 165.60
May 2010 169.09
June 2010 171.06
July 2010 174.84
August 2010 177.34
September 2010 177.17
October 2010 176.42
November 2010 177.20
December 2010 174.44
January 2011 177.39
February 2011 178.51
March 2011 178.64
April 2011 182.08
May 2011 180.19
June 2011 184.59
July 2011 191.72
August 2011 188.16
September 2011 188.49
October 2011 194.18
November 2011 189.14
December 2011 191.13
January 2012 189.55
February 2012 189.69
March 2012 196.59
April 2012 188.21
May 2012 190.35
June 2012 192.06
July 2012 195.16
August 2012 197.59
September 2012 197.67
October 2012 198.69
November 2012 197.80
December 2012 198.90
January 2013 198.71
February 2013 194.84
March 2013 188.00
April 2013 184.70
May 2013 184.46
June 2013 179.64
July 2013 170.93
August 2013 165.00
September 2013 165.95
October 2013 164.36
November 2013 168.08
December 2013 164.66
January 2014 161.72
February 2014 163.54
March 2014 165.44
April 2014 165.98
May 2014 164.54
June 2014 165.47
July 2014 166.02
August 2014 165.38
September 2014 167.38
October 2014 165.00
November 2014 166.66
December 2014 167.05
January 2015 169.79
February 2015 168.70
March 2015 167.18
April 2015 167.64
May 2015 167.18
June 2015 167.05
July 2015 166.90
August 2015 166.26
September 2015 166.79
October 2015 166.92
November 2015 165.94
December 2015 162.61
January 2016 160.80
February 2016 162.92
March 2016 165.52
April 2016 164.28
May 2016 165.92
June 2016 166.53
July 2016 170.92
August 2016 170.78
September 2016 168.00
October 2016 166.89
November 2016 163.80

Note: The housing affordability index data are monthly through November 2016. At an index value of 100, a median-income family has exactly enough income to qualify for a median-priced home mortgage. Housing affordability is seasonally adjusted by Board staff.

Source: National Association of Realtors.

Mortgage rates

Period Percent
5 January 2006 6.21
12 January 2006 6.15
19 January 2006 6.10
26 January 2006 6.12
2 February 2006 6.23
9 February 2006 6.24
16 February 2006 6.28
23 February 2006 6.26
2 March 2006 6.24
9 March 2006 6.37
16 March 2006 6.34
23 March 2006 6.32
30 March 2006 6.35
6 April 2006 6.43
13 April 2006 6.49
20 April 2006 6.53
27 April 2006 6.58
4 May 2006 6.59
11 May 2006 6.58
18 May 2006 6.60
25 May 2006 6.62
1 June 2006 6.67
8 June 2006 6.62
15 June 2006 6.63
22 June 2006 6.71
29 June 2006 6.78
6 July 2006 6.79
13 July 2006 6.74
20 July 2006 6.80
27 July 2006 6.72
3 August 2006 6.63
10 August 2006 6.55
17 August 2006 6.52
24 August 2006 6.48
31 August 2006 6.44
7 September 2006 6.47
14 September 2006 6.43
21 September 2006 6.40
28 September 2006 6.31
5 October 2006 6.30
12 October 2006 6.37
19 October 2006 6.36
26 October 2006 6.40
2 November 2006 6.31
9 November 2006 6.33
16 November 2006 6.24
23 November 2006 6.18
30 November 2006 6.14
7 December 2006 6.11
14 December 2006 6.12
21 December 2006 6.13
28 December 2006 6.18
4 January 2007 6.18
11 January 2007 6.21
18 January 2007 6.23
25 January 2007 6.25
1 February 2007 6.34
8 February 2007 6.28
15 February 2007 6.30
22 February 2007 6.22
1 March 2007 6.18
8 March 2007 6.14
15 March 2007 6.14
22 March 2007 6.16
29 March 2007 6.16
5 April 2007 6.17
12 April 2007 6.22
19 April 2007 6.17
26 April 2007 6.16
3 May 2007 6.16
10 May 2007 6.15
17 May 2007 6.21
24 May 2007 6.37
31 May 2007 6.42
7 June 2007 6.53
14 June 2007 6.74
21 June 2007 6.69
28 June 2007 6.67
5 July 2007 6.63
12 July 2007 6.73
19 July 2007 6.73
26 July 2007 6.69
2 August 2007 6.68
9 August 2007 6.59
16 August 2007 6.62
23 August 2007 6.52
30 August 2007 6.45
6 September 2007 6.46
13 September 2007 6.31
20 September 2007 6.34
27 September 2007 6.42
4 October 2007 6.37
11 October 2007 6.40
18 October 2007 6.40
25 October 2007 6.33
1 November 2007 6.26
8 November 2007 6.24
15 November 2007 6.24
22 November 2007 6.20
29 November 2007 6.10
6 December 2007 5.96
13 December 2007 6.11
20 December 2007 6.14
27 December 2007 6.17
3 January 2008 6.07
10 January 2008 5.87
17 January 2008 5.69
24 January 2008 5.48
31 January 2008 5.68
7 February 2008 5.67
14 February 2008 5.72
21 February 2008 6.04
28 February 2008 6.24
6 March 2008 6.03
13 March 2008 6.13
20 March 2008 5.87
27 March 2008 5.85
3 April 2008 5.88
10 April 2008 5.88
17 April 2008 5.88
24 April 2008 6.03
1 May 2008 6.06
8 May 2008 6.05
15 May 2008 6.01
22 May 2008 5.98
29 May 2008 6.08
5 June 2008 6.09
12 June 2008 6.32
19 June 2008 6.42
26 June 2008 6.45
3 July 2008 6.35
10 July 2008 6.37
17 July 2008 6.26
24 July 2008 6.63
31 July 2008 6.52
7 August 2008 6.52
14 August 2008 6.52
21 August 2008 6.47
28 August 2008 6.40
4 September 2008 6.35
11 September 2008 5.93
18 September 2008 5.78
25 September 2008 6.09
2 October 2008 6.10
9 October 2008 5.94
16 October 2008 6.46
23 October 2008 6.04
30 October 2008 6.46
6 November 2008 6.20
13 November 2008 6.14
20 November 2008 6.04
27 November 2008 5.97
4 December 2008 5.53
11 December 2008 5.47
18 December 2008 5.19
25 December 2008 5.14
1 January 2009 5.10
8 January 2009 5.01
15 January 2009 4.96
22 January 2009 5.12
29 January 2009 5.10
5 February 2009 5.25
12 February 2009 5.16
19 February 2009 5.04
26 February 2009 5.07
5 March 2009 5.15
12 March 2009 5.03
19 March 2009 4.98
26 March 2009 4.85
2 April 2009 4.78
9 April 2009 4.87
16 April 2009 4.82
23 April 2009 4.80
30 April 2009 4.78
7 May 2009 4.84
14 May 2009 4.86
21 May 2009 4.82
28 May 2009 4.91
4 June 2009 5.29
11 June 2009 5.59
18 June 2009 5.38
25 June 2009 5.42
2 July 2009 5.32
9 July 2009 5.20
16 July 2009 5.14
23 July 2009 5.20
30 July 2009 5.25
6 August 2009 5.22
13 August 2009 5.29
20 August 2009 5.12
27 August 2009 5.14
3 September 2009 5.08
10 September 2009 5.07
17 September 2009 5.04
24 September 2009 5.04
1 October 2009 4.94
8 October 2009 4.87
15 October 2009 4.92
22 October 2009 5.00
29 October 2009 5.03
5 November 2009 4.98
12 November 2009 4.91
19 November 2009 4.83
26 November 2009 4.78
3 December 2009 4.71
10 December 2009 4.81
17 December 2009 4.94
24 December 2009 5.05
31 December 2009 5.14
7 January 2010 5.09
14 January 2010 5.06
21 January 2010 4.99
28 January 2010 4.98
4 February 2010 5.01
11 February 2010 4.97
18 February 2010 4.93
25 February 2010 5.05
4 March 2010 4.97
11 March 2010 4.95
18 March 2010 4.96
25 March 2010 4.99
1 April 2010 5.08
8 April 2010 5.21
15 April 2010 5.07
22 April 2010 5.07
29 April 2010 5.06
6 May 2010 5.00
13 May 2010 4.93
20 May 2010 4.84
27 May 2010 4.78
3 June 2010 4.79
10 June 2010 4.72
17 June 2010 4.75
24 June 2010 4.69
1 July 2010 4.58
8 July 2010 4.57
15 July 2010 4.57
22 July 2010 4.56
29 July 2010 4.54
5 August 2010 4.49
12 August 2010 4.44
19 August 2010 4.42
26 August 2010 4.36
2 September 2010 4.32
9 September 2010 4.35
16 September 2010 4.37
23 September 2010 4.37
30 September 2010 4.32
7 October 2010 4.27
14 October 2010 4.19
21 October 2010 4.21
28 October 2010 4.23
4 November 2010 4.24
11 November 2010 4.17
18 November 2010 4.39
25 November 2010 4.40
2 December 2010 4.46
9 December 2010 4.61
16 December 2010 4.83
23 December 2010 4.81
30 December 2010 4.86
6 January 2011 4.77
13 January 2011 4.71
20 January 2011 4.74
27 January 2011 4.80
3 February 2011 4.81
10 February 2011 5.05
17 February 2011 5.00
24 February 2011 4.95
3 March 2011 4.87
10 March 2011 4.88
17 March 2011 4.76
24 March 2011 4.81
31 March 2011 4.86
7 April 2011 4.87
14 April 2011 4.91
21 April 2011 4.80
28 April 2011 4.78
5 May 2011 4.71
12 May 2011 4.63
19 May 2011 4.61
26 May 2011 4.60
2 June 2011 4.55
9 June 2011 4.49
16 June 2011 4.50
23 June 2011 4.50
30 June 2011 4.51
7 July 2011 4.60
14 July 2011 4.51
21 July 2011 4.52
28 July 2011 4.55
4 August 2011 4.39
11 August 2011 4.32
18 August 2011 4.15
25 August 2011 4.22
1 September 2011 4.22
8 September 2011 4.12
15 September 2011 4.09
22 September 2011 4.09
29 September 2011 4.01
6 October 2011 3.94
13 October 2011 4.12
20 October 2011 4.11
27 October 2011 4.10
3 November 2011 4.00
10 November 2011 3.99
17 November 2011 4.00
24 November 2011 3.98
1 December 2011 4.00
8 December 2011 3.99
15 December 2011 3.94
22 December 2011 3.91
29 December 2011 3.95
5 January 2012 3.91
12 January 2012 3.89
19 January 2012 3.88
26 January 2012 3.98
2 February 2012 3.87
9 February 2012 3.87
16 February 2012 3.87
23 February 2012 3.95
1 March 2012 3.90
8 March 2012 3.88
15 March 2012 3.92
22 March 2012 4.08
29 March 2012 3.99
5 April 2012 3.98
12 April 2012 3.88
19 April 2012 3.90
26 April 2012 3.88
3 May 2012 3.84
10 May 2012 3.83
17 May 2012 3.79
24 May 2012 3.78
31 May 2012 3.75
7 June 2012 3.67
14 June 2012 3.71
21 June 2012 3.66
28 June 2012 3.66
5 July 2012 3.62
12 July 2012 3.56
19 July 2012 3.53
26 July 2012 3.49
2 August 2012 3.55
9 August 2012 3.59
16 August 2012 3.62
23 August 2012 3.66
30 August 2012 3.59
6 September 2012 3.55
13 September 2012 3.55
20 September 2012 3.49
27 September 2012 3.40
4 October 2012 3.36
11 October 2012 3.39
18 October 2012 3.37
25 October 2012 3.41
1 November 2012 3.39
8 November 2012 3.40
15 November 2012 3.34
22 November 2012 3.31
29 November 2012 3.32
6 December 2012 3.34
13 December 2012 3.32
20 December 2012 3.37
27 December 2012 3.35
3 January 2013 3.34
10 January 2013 3.40
17 January 2013 3.38
24 January 2013 3.42
31 January 2013 3.53
7 February 2013 3.53
14 February 2013 3.53
21 February 2013 3.56
28 February 2013 3.51
7 March 2013 3.52
14 March 2013 3.63
21 March 2013 3.54
28 March 2013 3.57
4 April 2013 3.54
11 April 2013 3.43
18 April 2013 3.41
25 April 2013 3.40
2 May 2013 3.35
9 May 2013 3.42
16 May 2013 3.51
23 May 2013 3.59
30 May 2013 3.81
6 June 2013 3.91
13 June 2013 3.98
20 June 2013 3.93
27 June 2013 4.46
4 July 2013 4.29
11 July 2013 4.51
18 July 2013 4.37
25 July 2013 4.31
1 August 2013 4.39
8 August 2013 4.40
15 August 2013 4.40
22 August 2013 4.58
29 August 2013 4.51
5 September 2013 4.57
12 September 2013 4.57
19 September 2013 4.50
26 September 2013 4.32
3 October 2013 4.22
10 October 2013 4.23
17 October 2013 4.28
24 October 2013 4.13
31 October 2013 4.10
7 November 2013 4.16
14 November 2013 4.35
21 November 2013 4.22
28 November 2013 4.29
5 December 2013 4.46
12 December 2013 4.42
19 December 2013 4.47
26 December 2013 4.48
2 January 2014 4.53
9 January 2014 4.51
16 January 2014 4.41
23 January 2014 4.39
30 January 2014 4.32
6 February 2014 4.23
13 February 2014 4.28
20 February 2014 4.33
27 February 2014 4.37
6 March 2014 4.28
13 March 2014 4.37
20 March 2014 4.32
27 March 2014 4.40
3 April 2014 4.41
10 April 2014 4.34
17 April 2014 4.27
24 April 2014 4.33
1 May 2014 4.29
8 May 2014 4.21
15 May 2014 4.20
22 May 2014 4.14
29 May 2014 4.12
5 June 2014 4.14
12 June 2014 4.20
19 June 2014 4.17
26 June 2014 4.14
3 July 2014 4.12
10 July 2014 4.15
17 July 2014 4.13
24 July 2014 4.13
31 July 2014 4.12
7 August 2014 4.14
14 August 2014 4.12
21 August 2014 4.10
28 August 2014 4.10
4 September 2014 4.10
11 September 2014 4.12
18 September 2014 4.23
25 September 2014 4.20
2 October 2014 4.19
9 October 2014 4.12
16 October 2014 3.97
23 October 2014 3.92
30 October 2014 3.98
6 November 2014 4.02
13 November 2014 4.01
20 November 2014 3.99
27 November 2014 3.97
4 December 2014 3.89
11 December 2014 3.93
18 December 2014 3.80
25 December 2014 3.83
1 January 2015 3.87
8 January 2015 3.73
15 January 2015 3.66
22 January 2015 3.63
29 January 2015 3.66
5 February 2015 3.59
12 February 2015 3.69
19 February 2015 3.76
26 February 2015 3.80
5 March 2015 3.75
12 March 2015 3.86
19 March 2015 3.78
26 March 2015 3.69
2 April 2015 3.70
9 April 2015 3.66
16 April 2015 3.67
23 April 2015 3.65
30 April 2015 3.68
7 May 2015 3.80
14 May 2015 3.85
21 May 2015 3.84
28 May 2015 3.87
4 June 2015 3.87
11 June 2015 4.04
18 June 2015 4.00
25 June 2015 4.02
2 July 2015 4.08
9 July 2015 4.04
16 July 2015 4.09
23 July 2015 4.04
30 July 2015 3.98
6 August 2015 3.91
13 August 2015 3.94
20 August 2015 3.93
27 August 2015 3.84
3 September 2015 3.89
10 September 2015 3.90
17 September 2015 3.91
24 September 2015 3.86
1 October 2015 3.85
8 October 2015 3.76
15 October 2015 3.82
22 October 2015 3.79
29 October 2015 3.76
5 November 2015 3.87
12 November 2015 3.98
19 November 2015 3.97
26 November 2015 3.95
3 December 2015 3.93
10 December 2015 3.95
17 December 2015 3.97
24 December 2015 3.96
31 December 2015 4.01
7 January 2016 3.97
14 January 2016 3.92
21 January 2016 3.81
28 January 2016 3.79
4 February 2016 3.72
11 February 2016 3.65
18 February 2016 3.65
25 February 2016 3.62
3 March 2016 3.64
10 March 2016 3.68
17 March 2016 3.73
24 March 2016 3.71
31 March 2016 3.71
7 April 2016 3.59
14 April 2016 3.58
21 April 2016 3.59
28 April 2016 3.66
5 May 2016 3.61
12 May 2016 3.57
19 May 2016 3.58
26 May 2016 3.64
2 June 2016 3.66
9 June 2016 3.60
16 June 2016 3.54
23 June 2016 3.56
30 June 2016 3.48
7 July 2016 3.41
14 July 2016 3.42
21 July 2016 3.45
28 July 2016 3.48
4 August 2016 3.43
11 August 2016 3.45
18 August 2016 3.43
25 August 2016 3.43
1 September 2016 3.46
8 September 2016 3.44
15 September 2016 3.50
22 September 2016 3.48
29 September 2016 3.42
6 October 2016 3.42
13 October 2016 3.47
20 October 2016 3.52
27 October 2016 3.47
3 November 2016 3.54
10 November 2016 3.57
17 November 2016 4.03
24 November 2016 4.03
1 December 2016 4.08
8 December 2016 4.13
15 December 2016 4.16
22 December 2016 4.30
29 December 2016 4.32
5 January 2017 4.20
12 January 2017 4.12
19 January 2017 4.09
26 January 2017 4.19
2 February 2017 4.19
9 February 2017 4.17

Note: The mortgage rate data are weekly through February 9, 2017.

Source: Freddie Mac Primary Mortgage Market Survey.

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Figure 22. Change in real private nonresidential fixed investment

Percent, annual rate

Period Structures Equipment and intangible capital
2010 -3.96 11.98
2011 8.01 9.21
2012 4.12 5.53
2013 5.78 4.51
2014 8.01 4.14
2015 -8.78 3.77
2016:H1 -1.00 -1.32
2016:H2 3.14 1.55

Source: Department of Commerce, Bureau of Economic Analysis.

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Figure 23. Selected components of net debt financing for nonfinancial businesses

Billions of dollars, monthly rate

Period Bank loans Bonds Commercial paper Sum
2006 11.44 6.12 1.87 19.43
2007 19.76 10.00 0.94 30.71
2008 15.31 9.57 0.64 25.52
2009 -28.00 17.65 -6.09 -16.45
2010 -8.65 14.86 2.04 8.25
2011 10.47 13.54 2.78 26.78
2012 13.84 27.14 1.17 42.15
2013 8.01 23.05 1.18 32.23
2014 13.08 22.64 3.12 38.84
2015 14.67 33.20 -0.45 47.41
2016:H1 15.89 34.11 1.93 51.92
2016:Q3 13.95 28.47 -11.28 31.15

Source: Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States."

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Figure 24. Corporate bond yields, by securities rating

Series: High-yield, triple-B, and double-A

Horizon: January 1998 to February 2017

Description: Daily data are plotted as three curves. Units are percentage points along the right axis. The behavior of all three curves follows a similar pattern.

The high-yield series starts at the beginning of 1998 at just above 9. The series increases generally to about 13.5 by the end of 2000. The series then decreases, bottoming out around 7.3 in early 2004. It fluctuates in small increments around 8 before beginning to increase in mid-2007. At the beginning of 2008:Q4, the series jumps quickly, and it nearly reaches 20 in 2009. It then declines quickly to around 14, experiences another jump to about 17 in 2009:Q1, and then continues to decline generally, landing near 7 in early 2012. After increasing slightly to around 7.7 in mid-2012, the series resumes its fall, reaching below 6 in 2013:Q2. The series increases to slightly below 7 through 2014:Q4 before falling again in early 2015. The series rises starting in mid-2015 and climbs above 8 in early 2016 before falling for the remainder of 2016 and early 2017, reaching just below 6 by February 9, 2017.

The triple-B series starts at the beginning of 1998 at about 6.5. The series fluctuates between about 6 and 9 until mid-2003, when it decreases generally to around 5. It gradually climbs back up to 7 by mid-2008 and then increases quickly, reaching near 10 later in that year. The series sharply declines throughout 2009, reaching about 6 by the end of the year; it then continues to decline more gradually, dipping below 4 near the end of 2012 and again in 2013:Q1. The series increases, reaching about 5 by mid-2013 before falling below 4 in early 2015 and then rising to almost 4.75 in early 2016. The series declines in 2016 and remains mostly below 4 until late 2016. The series increases at the end of 2016 and early 2017, reaching about 4.25 by February 9, 2017.

The double-A series starts at the beginning of 1998 at about 6.25. The series declines generally to about 5.5 in 1998:Q4 before increasing generally to about 8 in 2000:Q2. The series then decreases generally to just above 4 by mid-2003. It remains between about 5 and 6 through the beginning of 2008. Then it increases quickly, reaching about 8.5 by 2008:Q4. The series sharply declines in late 2008 and early 2009, and then continues to fall more gradually until it reaches about 2.5 by the end of 2012. The series increases through the beginning of 2013 to around 4 but then falls through early 2015 to just under 3. It then rises to about 3.75 by mid-2015 before falling below 3 for most of 2016. The series then increases in late 2016, reaching about 3.25 by February 9, 2017.

Note: The yields shown are yields on 10-year bonds.

Source: BofA Merrill Lynch Global Research, used with permission.

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Figure 25. Change in real imports and exports of goods and services

Percent, annual rate

Period Imports Exports
2011 3.49 4.16
2012 0.27 2.18
2013 2.45 5.92
2014 6.09 3.05
2015 2.54 -2.16
2016:H1 -0.20 0.52
2016:Q3 2.19 9.97
2016:Q4 8.25 -4.30

Source: Department of Commerce, Bureau of Economic Analysis.

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Figure 26. U.S. trade and current account balances

Quarterly
Percent of nominal GDP

Period Trade Current account
2000:Q1 -3.5 -3.86
2000:Q2 -3.5 -3.84
2000:Q3 -3.8 -4.12
2000:Q4 -3.8 -4.14
2001:Q1 -3.7 -4.07
2001:Q2 -3.4 -3.61
2001:Q3 -3.4 -3.93
2001:Q4 -3.3 -3.28
2002:Q1 -3.5 -3.84
2002:Q2 -3.8 -4.21
2002:Q3 -3.9 -4.16
2002:Q4 -4.3 -4.47
2003:Q1 -4.5 -4.81
2003:Q2 -4.4 -4.55
2003:Q3 -4.3 -4.49
2003:Q4 -4.3 -4.29
2004:Q1 -4.6 -4.59
2004:Q2 -5.0 -5.15
2004:Q3 -5.2 -5.16
2004:Q4 -5.4 -5.73
2005:Q1 -5.3 -5.30
2005:Q2 -5.3 -5.53
2005:Q3 -5.5 -5.64
2005:Q4 -5.9 -6.27
2006:Q1 -5.7 -5.80
2006:Q2 -5.7 -5.87
2006:Q3 -5.8 -6.21
2006:Q4 -5.1 -5.41
2007:Q1 -5.1 -5.60
2007:Q2 -5.1 -5.25
2007:Q3 -4.9 -4.69
2007:Q4 -4.8 -4.34
2008:Q1 -5.2 -4.99
2008:Q2 -5.1 -4.81
2008:Q3 -5.2 -4.77
2008:Q4 -4.1 -4.19
2009:Q1 -2.7 -2.73
2009:Q2 -2.4 -2.48
2009:Q3 -2.8 -2.62
2009:Q4 -3.0 -2.82
2010:Q1 -3.3 -2.95
2010:Q2 -3.5 -3.06
2010:Q3 -3.6 -3.13
2010:Q4 -3.3 -2.68
2011:Q1 -3.7 -3.10
2011:Q2 -3.8 -3.13
2011:Q3 -3.7 -2.78
2011:Q4 -3.8 -2.86
2012:Q1 -3.8 -3.01
2012:Q2 -3.6 -2.90
2012:Q3 -3.3 -2.60
2012:Q4 -3.3 -2.55
2013:Q1 -3.2 -2.40
2013:Q2 -3.1 -2.29
2013:Q3 -2.9 -2.21
2013:Q4 -2.6 -1.88
2014:Q1 -3.0 -2.22
2014:Q2 -3.0 -2.18
2014:Q3 -2.8 -2.18
2014:Q4 -3.0 -2.44
2015:Q1 -3.0 -2.58
2015:Q2 -2.8 -2.49
2015:Q3 -2.9 -2.71
2015:Q4 -2.9 -2.49
2016:Q1 -2.8 -2.88
2016:Q2 -2.7 -2.56
2016:Q3 -2.5 -2.42
2016:Q4 -2.9 ND

Note: The data for the current account extend through 2016:Q3. GDP is gross domestic product.

Source: Department of Commerce, Bureau of Economic Analysis.

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Figure 27. Change in real government expenditures on consumption and investment

Percent, annual rate

Period Federal State and local
2009 3.94 1.30
2010 3.25 -4.03
2011 -4.01 -2.35
2012 -2.14 -2.27
2013 -6.67 -0.11
2014 -1.31 1.32
2015 1.69 2.48
2016:H1 -0.94 0.49
2016:H2 0.60 1.19

Source: Department of Commerce, Bureau of Economic Analysis.

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Figure 28. Federal receipts and expenditures

Annual
Percent of nominal GDP

Period Expenditures Receipts
1996 19.56 18.21
1997 18.87 18.62
1998 18.45 19.23
1999 17.89 19.22
2000 17.63 19.96
2001 17.63 18.85
2002 18.49 17.04
2003 19.06 15.73
2004 18.97 15.55
2005 19.18 16.71
2006 19.40 17.59
2007 19.05 17.93
2008 20.22 17.11
2009 24.40 14.60
2010 23.36 14.61
2011 23.43 14.98
2012 22.07 15.29
2013 20.92 16.80
2014 20.35 17.55
2015 20.60 18.15
2016 20.94 17.75

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

Source: Office of Management and Budget.

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Figure 29. Federal government debt held by the public

Quarterly

Period Percent of nominal GDP
1967:Q1 31.43
1967:Q2 30.29
1967:Q3 30.72
1967:Q4 31.29
1968:Q1 30.96
1968:Q2 29.73
1968:Q3 30.05
1968:Q4 29.78
1969:Q1 29.03
1969:Q2 27.34
1969:Q3 27.23
1969:Q4 27.47
1970:Q1 27.32
1970:Q2 26.32
1970:Q3 26.55
1970:Q4 27.30
1971:Q1 26.36
1971:Q2 26.01
1971:Q3 26.30
1971:Q4 27.06
1972:Q1 26.50
1972:Q2 25.27
1972:Q3 25.19
1972:Q4 25.38
1973:Q1 25.08
1973:Q2 23.96
1973:Q3 23.56
1973:Q4 23.33
1974:Q1 23.31
1974:Q2 22.32
1974:Q3 22.18
1974:Q4 22.27
1975:Q1 23.26
1975:Q2 23.76
1975:Q3 24.34
1975:Q4 25.08
1976:Q1 25.60
1976:Q2 25.65
1976:Q3 26.16
1976:Q4 26.42
1977:Q1 26.59
1977:Q2 25.67
1977:Q3 25.83
1977:Q4 26.21
1978:Q1 26.67
1978:Q2 25.32
1978:Q3 25.28
1978:Q4 25.02
1979:Q1 24.93
1979:Q2 24.14
1979:Q3 23.93
1979:Q4 24.06
1980:Q1 24.12
1980:Q2 24.32
1980:Q3 24.78
1980:Q4 24.53
1981:Q1 24.54
1981:Q2 24.19
1981:Q3 24.05
1981:Q4 24.97
1982:Q1 26.04
1982:Q2 25.86
1982:Q3 27.29
1982:Q4 28.80
1983:Q1 29.80
1983:Q2 30.25
1983:Q3 30.63
1983:Q4 30.74
1984:Q1 31.07
1984:Q2 31.04
1984:Q3 31.80
1984:Q4 32.89
1985:Q1 33.20
1985:Q2 33.76
1985:Q3 34.12
1985:Q4 35.70
1986:Q1 36.03
1986:Q2 36.85
1986:Q3 37.58
1986:Q4 38.67
1987:Q1 38.72
1987:Q2 38.70
1987:Q3 38.53
1987:Q4 38.82
1988:Q1 39.11
1988:Q2 38.60
1988:Q3 38.69
1988:Q4 38.89
1989:Q1 38.76
1989:Q2 38.24
1989:Q3 38.35
1989:Q4 39.06
1990:Q1 39.21
1990:Q2 39.29
1990:Q3 39.98
1990:Q4 41.47
1991:Q1 42.09
1991:Q2 42.19
1991:Q3 43.21
1991:Q4 44.21
1992:Q1 44.82
1992:Q2 45.03
1992:Q3 45.53
1992:Q4 45.99
1993:Q1 46.53
1993:Q2 46.87
1993:Q3 47.03
1993:Q4 47.44
1994:Q1 47.47
1994:Q2 46.71
1994:Q3 46.68
1994:Q4 46.71
1995:Q1 47.15
1995:Q2 47.12
1995:Q3 46.76
1995:Q4 46.63
1996:Q1 47.09
1996:Q2 45.82
1996:Q3 45.75
1996:Q4 45.63
1997:Q1 45.58
1997:Q2 43.97
1997:Q3 43.39
1997:Q4 43.29
1998:Q1 43.09
1998:Q2 41.68
1998:Q3 40.67
1998:Q4 40.23
1999:Q1 39.80
1999:Q2 38.21
1999:Q3 37.41
1999:Q4 37.08
2000:Q1 36.42
2000:Q2 33.70
2000:Q3 32.92
2000:Q4 32.32
2001:Q1 32.44
2001:Q2 30.56
2001:Q3 31.20
2001:Q4 31.58
2002:Q1 31.66
2002:Q2 31.56
2002:Q3 32.08
2002:Q4 32.74
2003:Q1 32.93
2003:Q2 33.46
2003:Q3 33.65
2003:Q4 34.11
2004:Q1 34.76
2004:Q2 34.54
2004:Q3 34.70
2004:Q4 34.97
2005:Q1 35.57
2005:Q2 34.80
2005:Q3 34.74
2005:Q4 35.13
2006:Q1 35.58
2006:Q2 34.65
2006:Q3 34.69
2006:Q4 34.72
2007:Q1 35.38
2007:Q2 34.15
2007:Q3 34.53
2007:Q4 34.87
2008:Q1 36.27
2008:Q2 35.59
2008:Q3 39.07
2008:Q4 43.71
2009:Q1 47.45
2009:Q2 49.95
2009:Q3 52.43
2009:Q4 53.57
2010:Q1 56.41
2010:Q2 57.93
2010:Q3 59.87
2010:Q4 61.61
2011:Q1 63.29
2011:Q2 62.98
2011:Q3 64.96
2011:Q4 66.21
2012:Q1 67.92
2012:Q2 68.53
2012:Q3 69.50
2012:Q4 71.13
2013:Q1 72.40
2013:Q2 72.01
2013:Q3 71.53
2013:Q4 72.66
2014:Q1 74.09
2014:Q2 72.70
2014:Q3 72.73
2014:Q4 73.58
2015:Q1 73.58
2015:Q2 72.61
2015:Q3 72.29
2015:Q4 75.00
2016:Q1 76.13
2016:Q2 75.48
2016:Q3 75.86

Note: The data extend through 2016:Q3. The data for gross domestic product (GDP) are at an annual rate. Federal debt held by the public equals federal debt less Treasury securities held in federal employee defined benefit retirement accounts, evaluated at the end of the quarter.

Source: For GDP, Department of Commerce, Bureau of Economic Analysis; for federal debt, Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States."

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Figure 30. State and local employment and structures investment

Employment

Period Employees in millions
January 2008 19.650
February 2008 19.670
March 2008 19.691
April 2008 19.695
May 2008 19.726
June 2008 19.758
July 2008 19.801
August 2008 19.801
September 2008 19.769
October 2008 19.777
November 2008 19.782
December 2008 19.781
January 2009 19.793
February 2009 19.781
March 2009 19.763
April 2009 19.755
May 2009 19.757
June 2009 19.762
July 2009 19.695
August 2009 19.712
September 2009 19.625
October 2009 19.681
November 2009 19.691
December 2009 19.651
January 2010 19.631
February 2010 19.604
March 2010 19.595
April 2010 19.585
May 2010 19.580
June 2010 19.547
July 2010 19.518
August 2010 19.475
September 2010 19.378
October 2010 19.431
November 2010 19.421
December 2010 19.396
January 2011 19.384
February 2011 19.339
March 2011 19.315
April 2011 19.314
May 2011 19.258
June 2011 19.304
July 2011 19.187
August 2011 19.167
September 2011 19.137
October 2011 19.148
November 2011 19.129
December 2011 19.118
January 2012 19.113
February 2012 19.119
March 2012 19.115
April 2012 19.105
May 2012 19.088
June 2012 19.106
July 2012 19.098
August 2012 19.096
September 2012 19.103
October 2012 19.079
November 2012 19.074
December 2012 19.081
January 2013 19.064
February 2013 19.080
March 2013 19.076
April 2013 19.079
May 2013 19.080
June 2013 19.069
July 2013 19.053
August 2013 19.079
September 2013 19.087
October 2013 19.093
November 2013 19.102
December 2013 19.081
January 2014 19.072
February 2014 19.088
March 2014 19.100
April 2014 19.133
May 2014 19.126
June 2014 19.169
July 2014 19.142
August 2014 19.130
September 2014 19.172
October 2014 19.184
November 2014 19.190
December 2014 19.204
January 2015 19.209
February 2015 19.223
March 2015 19.211
April 2015 19.236
May 2015 19.253
June 2015 19.265
July 2015 19.275
August 2015 19.313
September 2015 19.296
October 2015 19.305
November 2015 19.310
December 2015 19.324
January 2016 19.343
February 2016 19.353
March 2016 19.385
April 2016 19.392
May 2016 19.396
June 2016 19.417
July 2016 19.455
August 2016 19.485
September 2016 19.505
October 2016 19.491
November 2016 19.483
December 2016 19.470
January 2017 19.456

Note: The employment data are monthly.

Source: Department of Labor, Bureau of Labor Statistics.

Real structures

Period Billions of chained (2009) dollars, annual rate
2008:Q1 290.07
2008:Q2 293.95
2008:Q3 294.25
2008:Q4 289.16
2009:Q1 288.72
2009:Q2 294.66
2009:Q3 293.35
2009:Q4 282.38
2010:Q1 273.59
2010:Q2 284.21
2010:Q3 285.58
2010:Q4 274.46
2011:Q1 265.67
2011:Q2 261.38
2011:Q3 258.57
2011:Q4 257.89
2012:Q1 248.86
2012:Q2 246.08
2012:Q3 238.48
2012:Q4 230.27
2013:Q1 228.32
2013:Q2 228.83
2013:Q3 228.83
2013:Q4 225.73
2014:Q1 222.69
2014:Q2 227.97
2014:Q3 228.90
2014:Q4 232.70
2015:Q1 233.63
2015:Q2 246.30
2015:Q3 246.93
2015:Q4 241.79
2016:Q1 253.90
2016:Q2 239.77
2016:Q3 232.43
2016:Q4 243.91

Note: The structures data are quarterly.

Source: Department of Commerce, Bureau of Economic Analysis.

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Figure 31. Yields on nominal Treasury securities

Series: 5-, 10-, and 30-year yields on nominal Treasury securities

Horizon: January 2000, to February 9, 2017

Description: Daily data are plotted as three curves. Units are percent. The curves follow similar patterns and rarely intersect.

The 5-year Treasury yield curve starts in 2000 at 6.5 and declines steeply to just above 2 in 2003. The series gradually increases over the next three years to roughly 5 in 2006, where it stays until dropping to about 1.5 in late 2008. The series increases in the beginning of 2009 to roughly 2.5, and it remains between 2 and 3 until declining and returning to 1 during 2010. The series rises back above 2 in early 2011 but falls again below 1 in late 2011, where it stays until mid-2013. It then increases sharply to roughly 1.5. The series generally stays between 1 and 2 until the end of 2016, when it increases sharply again to 2. The 5-year Treasury yield curve ends at around 2 in February 2017.

The 10-year Treasury yield curve starts in 2000 slightly above 6.5 but does not fall as steeply as the 5-year Treasury yield curve and reaches a low of roughly 3 in 2003. The series gradually increases over the next three years to roughly 5 in 2006, once again at the same level as the 5-year Treasury yield curve. After 2007, the 10-year Treasury yield curve remains above the 5-year Treasury yield curve by roughly 1 percentage point. The curve drops below 2.5 in late 2008. The series then increases in the beginning of 2009 to nearly 4, and it remains between 3 and 4 until declining and returning to 2.5 during 2010. The series rises back above 3 in early 2011 but falls again below 2 in late 2011, where it stays until mid-2013. It then sharply increases to about 2.75. With a slight uptick in mid-2015, the series gradually declines from its 2.75 peak to a low of 1.5 at the end of 2016 before sharply increasing to about 2.5. The 10-year Treasury yield curve ends at about 2.5 in February 2017.

The 30-year Treasury yield curve starts in 2000 slightly above 6.5 and gradually falls to just above 5.25 in early 2002, when the series breaks until early 2006. The series resumes at roughly 4.5 and hovers around this value until late 2008, when the series rapidly spikes down to about 2.5. The series rises back above 4 in mid-2009, where it remains until declining to 3.75 during 2010. The series rises back near 4.5 in early 2011 but falls below 3 in late 2011, where it stays until mid-2013. In mid-2013 the series sharply increases to nearly 4. The series falls gradually to about 2.25 in early 2015, reaching a level close to the 10-year Treasury yield. In mid-2015, the series rises to slightly more than 3 and gradually declines to about 2.5 at the end of 2016, when it sharply increases again to slightly more than 3. The 30-year Treasury yield curve ends at around 3 in February 2017.

Note: The Treasury ceased publication of the 30-year constant maturity series on February 18, 2002, and resumed that series on February 9, 2006.

Source: Department of the Treasury.

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Figure 32. Yield and spread on agency mortgage-backed securities

Series: Yield and spread on agency mortgage-backed securities

Horizon: January 1999, to February 9, 2017

Description: Daily data are plotted as two curves. Units for the yield series are percent along the left axis. Units for the spread series are basis points along the right axis.

The yield series starts in January 1999 around 6.25 and quickly increases to approximately 8.5 in 2000 before declining to approximately 4.25 by mid-2003. The series increases to approximately 6.25 by mid-2006 and then declines to approximately 4 by early 2009 and approximately 2 by late 2012. The series increases again to approximately 3.75 by late 2013, gradually declining to about 2.5 before slightly increasing to about 3 in mid-2015. The series declines to about 2.5 in late 2016, when it increases sharply to slightly more than 3. The series ends at around 3 in February 2017.

The spread series starts in January 1999 at approximately 150, drops to 125 in mid-1999, and returns to 150 in 2000. A similar decline and rise occurs in mid-2000 before the series hovers around 150 throughout 2001. The series increases to approximately 175 by late 2002. The series declines to approximately 100 by early 2005, where it hovers for about two years, then spikes to approximately 275, where it remains throughout 2008 before declining to approximately 150 by mid-2009. The series then fluctuates between 100 and 150 from late 2009 through early 2015, with a brief decline below 100 in late 2012. The series flattens to roughly 100 by mid-2015 and ends at approximately 100 in February 2017.

Note: The data are daily. Yield shown is for the Fannie Mae 30-year current coupon, the coupon rate at which new mortgage-backed securities would be priced at par, or face, value. Spread shown is to the average of the 5- and 10-year nominal Treasury yields.

Source: Department of the Treasury; Barclays.

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Figure 33. Equity prices

Series: Dow Jones bank index and S&P 500 index

Horizon: January 1994, to February 9, 2017

Description: Daily data are plotted as two curves. Units for both series have been indexed to 100 based on their respective values on December 31, 2007.

The Dow Jones bank index series starts in January 1994 at approximately 30. The series increases to approximately 110 in 1998, after which it fluctuates between about 70 and 100 from 1999 through 2003. The series then increases to approximately 140 in early 2007 before falling sharply to approximately 20 in early 2009. The series gradually recovers over the next several years, rising to approximately 80 in mid-2015 before dropping slightly to approximately 65 in early 2016. The series sharply increases at the end of 2016 to about 100, where it ends in February 2017.

The S&P 500 index series starts in January 1994 at approximately 30. The series increases to approximately 100 in 2000 before falling to approximately 50 by the end of 2002. The series increases to approximately 100 in early 2007, then sharply falls to approximately 50 in early 2009. The series generally increases over the next several years to about 140 in 2015 before fluctuating between approximately 120 and 140 until the end of 2016, when it increases to nearly 160. The series ends just below 160 in February 2017.

Source: Standard & Poor's Dow Jones Indices via Bloomberg. (For Dow Jones Indices licensing information, see the note on the Contents page, or Figure 14.)

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Developments Related to Financial Stability: Figure A. Private nonfinancial sector credit-to-GDP ratio
Period Ratio Year-over-year growth (Percent)
1980:Q1 0.972 2.85
1980:Q2 0.983 3.09
1980:Q3 0.982 2.41
1980:Q4 0.965 0.03
1981:Q1 0.942 -3.05
1981:Q2 0.960 -2.40
1981:Q3 0.955 -2.78
1981:Q4 0.968 0.36
1982:Q1 0.991 5.16
1982:Q2 0.993 3.51
1982:Q3 0.997 4.34
1982:Q4 0.998 3.06
1983:Q1 0.995 0.44
1983:Q2 0.989 -0.48
1983:Q3 0.986 -1.02
1983:Q4 0.988 -1.01
1984:Q1 0.993 -0.25
1984:Q2 1.003 1.42
1984:Q3 1.014 2.83
1984:Q4 1.035 4.75
1985:Q1 1.051 5.91
1985:Q2 1.065 6.21
1985:Q3 1.073 5.83
1985:Q4 1.099 6.21
1986:Q1 1.110 5.64
1986:Q2 1.128 5.94
1986:Q3 1.145 6.69
1986:Q4 1.168 6.24
1987:Q1 1.173 5.65
1987:Q2 1.179 4.48
1987:Q3 1.186 3.56
1987:Q4 1.176 0.70
1988:Q1 1.189 1.39
1988:Q2 1.191 1.05
1988:Q3 1.195 0.77
1988:Q4 1.198 1.89
1989:Q1 1.197 0.63
1989:Q2 1.200 0.77
1989:Q3 1.201 0.49
1989:Q4 1.213 1.25
1990:Q1 1.211 1.20
1990:Q2 1.210 0.79
1990:Q3 1.213 0.99
1990:Q4 1.225 1.00
1991:Q1 1.223 0.95
1991:Q2 1.214 0.38
1991:Q3 1.201 -0.98
1991:Q4 1.194 -2.57
1992:Q1 1.183 -3.25
1992:Q2 1.168 -3.86
1992:Q3 1.159 -3.54
1992:Q4 1.148 -3.80
1993:Q1 1.149 -2.86
1993:Q2 1.149 -1.57
1993:Q3 1.154 -0.43
1993:Q4 1.149 0.07
1994:Q1 1.151 0.18
1994:Q2 1.147 -0.25
1994:Q3 1.151 -0.25
1994:Q4 1.152 0.28
1995:Q1 1.161 0.84
1995:Q2 1.172 2.24
1995:Q3 1.175 2.14
1995:Q4 1.179 2.27
1996:Q1 1.185 2.11
1996:Q2 1.180 0.68
1996:Q3 1.183 0.63
1996:Q4 1.179 -0.01
1997:Q1 1.182 -0.27
1997:Q2 1.182 0.15
1997:Q3 1.187 0.39
1997:Q4 1.194 1.29
1998:Q1 1.209 2.24
1998:Q2 1.225 3.68
1998:Q3 1.228 3.42
1998:Q4 1.231 3.15
1999:Q1 1.247 3.21
1999:Q2 1.258 2.68
1999:Q3 1.274 3.72
1999:Q4 1.273 3.37
2000:Q1 1.295 3.78
2000:Q2 1.293 2.73
2000:Q3 1.309 2.79
2000:Q4 1.316 3.36
2001:Q1 1.326 2.42
2001:Q2 1.337 3.42
2001:Q3 1.366 4.36
2001:Q4 1.374 4.43
2002:Q1 1.380 4.08
2002:Q2 1.384 3.50
2002:Q3 1.390 1.73
2002:Q4 1.407 2.44
2003:Q1 1.415 2.53
2003:Q2 1.429 3.26
2003:Q3 1.422 2.34
2003:Q4 1.420 0.90
2004:Q1 1.433 1.27
2004:Q2 1.439 0.72
2004:Q3 1.447 1.75
2004:Q4 1.463 3.03
2005:Q1 1.464 2.14
2005:Q2 1.481 2.91
2005:Q3 1.489 2.86
2005:Q4 1.504 2.80
2006:Q1 1.519 3.79
2006:Q2 1.542 4.14
2006:Q3 1.560 4.77
2006:Q4 1.580 5.05
2007:Q1 1.595 5.00
2007:Q2 1.616 4.75
2007:Q3 1.634 4.78
2007:Q4 1.653 4.59
2008:Q1 1.682 5.43
2008:Q2 1.674 3.61
2008:Q3 1.686 3.19
2008:Q4 1.700 2.87
2009:Q1 1.706 1.45
2009:Q2 1.703 1.72
2009:Q3 1.684 -0.12
2009:Q4 1.646 -3.20
2010:Q1 1.626 -4.69
2010:Q2 1.595 -6.30
2010:Q3 1.576 -6.40
2010:Q4 1.548 -5.91
2011:Q1 1.549 -4.72
2011:Q2 1.527 -4.30
2011:Q3 1.513 -4.04
2011:Q4 1.498 -3.24
2012:Q1 1.488 -3.94
2012:Q2 1.481 -2.98
2012:Q3 1.478 -2.30
2012:Q4 1.487 -0.78
2013:Q1 1.477 -0.74
2013:Q2 1.479 -0.16
2013:Q3 1.477 -0.09
2013:Q4 1.462 -1.62
2014:Q1 1.474 -0.22
2014:Q2 1.469 -0.68
2014:Q3 1.461 -1.08
2014:Q4 1.465 0.18
2015:Q1 1.473 -0.06
2015:Q2 1.476 0.48
2015:Q3 1.476 1.04
2015:Q4 1.485 1.38
2016:Q1 1.502 1.94
2016:Q2 1.503 1.84
2016:Q3 1.502 1.74

Note: The data on the credit-to-GDP ratio and its year-over-year growth are quarterly and extend through 2016:Q3. The shaded bars indicate periods of business recession as defined by the National Bureau of Economic Research: January 1980-July 1980, July 1981-November 1982, July 1990-March 1991, March 2001-November 2001, and December 2007-June 2009.

Source: Federal Reserve Board, Statistical Release Z.1, "Financial Accounts of the United States"; Bureau of Economic Analysis, national income and product accounts (NIPA); Board staff calculations.

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Figure 34. Ratio of total commercial bank credit to nominal gross domestic product

Quarterly

Period Percent
2005:Q1 62.84
2005:Q2 63.57
2005:Q3 64.06
2005:Q4 64.40
2006:Q1 64.46
2006:Q2 65.56
2006:Q3 66.44
2006:Q4 66.65
2007:Q1 67.26
2007:Q2 67.65
2007:Q3 68.68
2007:Q4 69.77
2008:Q1 70.98
2008:Q2 70.65
2008:Q3 70.67
2008:Q4 72.59
2009:Q1 72.26
2009:Q2 71.60
2009:Q3 69.66
2009:Q4 67.10
2010:Q1 65.52
2010:Q2 63.64
2010:Q3 62.90
2010:Q4 62.28
2011:Q1 61.97
2011:Q2 60.94
2011:Q3 60.94
2011:Q4 61.00
2012:Q1 60.89
2012:Q2 60.86
2012:Q3 61.18
2012:Q4 61.40
2013:Q1 61.21
2013:Q2 61.14
2013:Q3 60.40
2013:Q4 59.87
2014:Q1 60.63
2014:Q2 60.81
2014:Q3 60.90
2014:Q4 61.36
2015:Q1 62.48
2015:Q2 62.88
2015:Q3 63.23
2015:Q4 63.97
2016:Q1 64.91
2016:Q2 65.33
2016:Q3 65.72
2016:Q4 66.06

Source: Federal Reserve Board, Statistical Release H.8, "Assets and Liabilities of Commercial Banks in the United States"; Department of Commerce, Bureau of Economic Analysis.

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Figure 35. Profitability of bank holding companies

Quarterly
Percent, annual rate

Period Return on assets Return on equity
1996:Q1 1.07 14.15
1996:Q2 1.23 15.73
1996:Q3 1.18 14.80
1996:Q4 1.27 16.05
1997:Q1 1.25 15.99
1997:Q2 1.17 15.18
1997:Q3 1.21 15.53
1997:Q4 1.24 16.07
1998:Q1 1.14 15.06
1998:Q2 1.21 15.83
1998:Q3 1.04 13.21
1998:Q4 1.04 14.61
1999:Q1 1.26 16.58
1999:Q2 1.27 17.08
1999:Q3 1.37 18.03
1999:Q4 1.31 17.55
2000:Q1 1.29 17.56
2000:Q2 0.91 12.63
2000:Q3 1.19 16.21
2000:Q4 1.13 15.26
2001:Q1 0.99 13.12
2001:Q2 0.92 12.24
2001:Q3 0.86 11.01
2001:Q4 0.92 11.94
2002:Q1 1.15 14.51
2002:Q2 1.11 14.19
2002:Q3 1.14 14.22
2002:Q4 1.03 13.13
2003:Q1 1.16 14.35
2003:Q2 1.24 16.07
2003:Q3 1.28 16.39
2003:Q4 1.34 17.22
2004:Q1 1.27 16.24
2004:Q2 1.02 13.31
2004:Q3 1.19 14.47
2004:Q4 1.24 15.34
2005:Q1 1.18 13.93
2005:Q2 1.20 14.25
2005:Q3 1.25 14.94
2005:Q4 1.20 15.55
2006:Q1 1.16 14.20
2006:Q2 1.20 14.14
2006:Q3 1.24 15.26
2006:Q4 1.31 17.57
2007:Q1 1.02 12.50
2007:Q2 1.12 12.77
2007:Q3 0.74 9.55
2007:Q4 -0.12 -0.04
2008:Q1 0.14 2.07
2008:Q2 -0.09 -2.92
2008:Q3 -0.66 -8.84
2008:Q4 -1.61 -20.03
2009:Q1 0.04 0.90
2009:Q2 -0.02 -1.80
2009:Q3 0.13 1.27
2009:Q4 0.09 2.43
2010:Q1 0.41 5.13
2010:Q2 0.57 5.50
2010:Q3 0.41 4.11
2010:Q4 0.50 6.36
2011:Q1 0.60 6.63
2011:Q2 0.46 4.44
2011:Q3 0.92 9.36
2011:Q4 0.58 6.48
2012:Q1 0.57 5.95
2012:Q2 0.73 7.19
2012:Q3 0.72 6.54
2012:Q4 0.88 8.73
2013:Q1 0.80 7.79
2013:Q2 0.88 8.44
2013:Q3 0.82 7.34
2013:Q4 0.93 8.90
2014:Q1 0.83 7.90
2014:Q2 0.83 7.69
2014:Q3 0.87 7.68
2014:Q4 0.83 7.83
2015:Q1 0.93 8.67
2015:Q2 0.97 8.58
2015:Q3 0.99 8.60
2015:Q4 0.87 7.93
2016:Q1 0.78 6.94
2016:Q2 0.94 8.05
2016:Q3 1.00 8.80

Note: The data, which are seasonally adjusted, are quarterly and extend through 2016:Q3.

Source: Federal Reserve Board, Form FR Y-9C, Consolidated Financial Statements for Bank Holding Companies.

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Figure 36. 10-year nominal benchmark yields in selected advanced economies

Series: United States, United Kingdom, Germany, and Japan 10-year benchmark yields

Horizon: January 9, 2014, to February 9, 2017

Description: The data are weekly averages of daily data and are plotted as four curves. Units are in percent along the right axis. The curves generally move in the same direction from 2014 to 2016, with the United States and United Kingdom tracking closely until the middle of 2016 and both remaining above Germany and Japan. Germany starts considerably higher than Japan but dips briefly below Japan twice, in the first half of 2015 and near the end of 2016.

The series for the United States starts in January 2014 at approximately 3 and gradually decreases to about 1.7 by midway through the first quarter of 2015. The series then climbs to around 2.4 by the beginning of the third quarter. It then fluctuates between 2.0 and just above 2.3 until the end of 2015. The series then declines to just above 1.7 in February 2016 before fluctuating between 1.7 and 1.95 through the beginning of June. The series dips to below 1.5 in the middle of 2016 before beginning to rise substantially around November 2016. The series peaks above 2.5 near the beginning of 2017.

The series for the United Kingdom starts in January 2014 at just below 3 and gradually declines to about 1.45 by the middle of the first quarter of 2015. The series then increases to about 1.85 and decreases again back to around 1.5 in the end of the first quarter of 2015. The series then climbs to about 2.1 by the beginning of the third quarter and fluctuates between 1.75 and just above 2.0 until the end of 2015. The series then declines to about 1.4 by the middle of the first quarter of 2016 before fluctuating between about 1.4 and 1.6 through the end of May. The series then begins to fall rapidly around June of 2016, with the trough coming in the third quarter at around 0.5. The series then begins to recover, ending around 1.3.

The series for Germany starts in January 2014 at around 1.9 and steadily decreases to just above 0.9 by midway through the third quarter. The series rebounds slightly to almost 1.1 at the end of the third quarter before continuing its steady decline to about 0.1 by the beginning of the second quarter of 2015. Then the series increases to about 0.9 by the end of the second quarter before declining to below 0.2 by the middle of the first quarter of 2016. It fluctuates between 0.1 and 0.3 through the beginning of June. The series dips below zero around the middle of 2016 and fluctuates near zero until the fourth quarter, when the series begins to rise, ending at just below 0.5.

The series for Japan starts in January of 2014 at 0.7 and gradually declines to about 0.25 in early 2015. Beginning in February 2015, it slowly increases to almost 0.5 by the end of the second quarter of 2015. The series then declines to its lowest value of near -0.25 in the third quarter of 2016 before gradually rising just above zero by the series' end.

Note: The data are weekly averages of daily data and extend through February 9, 2017.

Source: Bloomberg.

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Figure 37. Equity indexes for selected foreign economies

Series: Advanced foreign economies, emerging market economies, euro-area banks

Horizon: January 9, 2014, through February 9, 2017

Description: The data are weekly averages of daily data, plotted as three curves. The unit along the right axis is an index with the week of January 9, 2014, equal to 100. The advanced foreign economies series and the emerging market economies series move roughly in the same direction, with the euro-area banks series tracking closely through the middle of 2015 before falling off substantially. The EME series extends higher than the AFE series through most of 2014. The EME series begins to decline around the end of the first quarter of 2015, while the AFE series also begins to fall off in the middle of 2015. Both series reach a trough around the beginning of 2016 before increasing gradually through the end of the series.

The advanced foreign economies series fluctuates between about 95 and 102 in the beginning of 2014. The series then drops significantly around the beginning of the fourth quarter of 2014 before steadily increasing to around 115 in early 2015. The series then fluctuates around 115 until the third quarter of 2015, when the series suddenly drops to around 100. After regaining some ground, the series falls again around the beginning of 2016 to below 95. The series then fluctuates around 100, gradually increasing through the third quarter. The series then begins to rise quickly around end-2016 before steadying around 110 at the series' end.

The emerging market economies series fluctuates between about 95 and 100 in the beginning of 2014 before gradually rising to above 110 through the third quarter of 2014. The series then decreases to below 105 before gradually rising to around 115 in early 2015. The series then falls off dramatically through mid-2015, regains some ground, and then falls off again with the trough just above 85 in early 2016. The series then begins to gradually increase, ending at around 110.

The euro-area banks series shows volatility throughout the period. It has an upward trajectory through the beginning of 2014 before falling off beneath 95 in the middle of the year. The series then goes back up to around 105 before falling rapidly back below 95. It then decreases to almost 85 in early 2015 before rapidly rebounding to around 110 in the beginning of the second quarter. The series then stays near 105 until beginning a rapid fall in the third quarter, ending in the first quarter of 2016 around 65. The series falls off again in June until it reaches just above 55 in July. The series then trends up through the end of the series, with the pace accelerating in early December, before leveling out above 80.

Note: The data are weekly averages of daily data and extend through February 9, 2017.

Source: For advanced foreign economies, MSCI EAFE Index via Thomson Reuters Datastream; for emerging market economies, MSCI Emerging Markets Index via Thomson Reuters Datastream; for euro-area banks, Dow Jones Euro STOXX Bank Index via Bloomberg. (For Dow Jones Indices licensing information, see the note on the Contents page, or Figure 14.)

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Figure 38. Emerging market mutual fund flows and spreads

Series: Bond fund flows, equity fund flows, and EMBI+

Horizon: January 2014 through February 9, 2017

Description: EMBI+ data are weekly averages of daily data and are plotted as a curve. The units for EMBI+ are in basis points along the left axis. Bond and equity fund flows data are plotted as stacked bars. The units for both bond and equity fund flows are billions of dollars along the right axis. Both bond and equity fund flows are negative in early 2014 before becoming positive in the middle of the year and then falling off at the end of the year. The fund flows data are volatile, but they are generally negative for much of 2015 and early 2016. Fund flows are then positive through October 2016 before falling off at the end of the year. For EMBI+, the data fall for much of the first half of 2014 before trending up in the second half of the year. The EMBI+ series then shows significant volatility through 2015 before rapidly increasing and then falling off in early 2016.

EMBI+ data begin around 340 before rapidly increasing to around 390 in early February and then trending down to around 275 in the middle of 2014. The data then trend up through the end of 2014, with the pace rapidly accelerating in December. The series falls off again in early 2015 before trending up and reaching about 445 in August and then falling back to around 380. The series trends up again in early 2016, reaching about 470 in February. The series then decreases through the rest of 2016, reaching 340 in October before trending up to around 380 in early December. The series then decreases through the end of the period, and ends at about 340.

Both bond and equity fund flows are negative for the first quarter of 2014, with the magnitudes for equities larger than those for bonds each month. The data turn positive in the second quarter before decreasing to near zero in October and November. The data are negative with significant magnitudes in December and January, with especially large equity fund flows. After a brief period with both equity and bond fund flows near zero, the data once again show significant outflows for both equity and bond funds from the middle of 2015 through early 2016, except for a single month of positive equity fund flows in October. Beginning in the middle of 2016, there is a brief period of positive and large inflows into both equity and bond funds. In late 2016, there are pronounced outflows from both equity and bond funds before a return to moderate inflows in January 2017.

Note: The EMBI+ data are weekly averages of daily data and extend through February 9, 2017. The EPFR data are monthly sums of weekly data. The fund flows data exclude funds located in China.

Source: For bond and equity fund flows, EPFR Global; for EMBI+, J.P. Morgan Emerging Markets Bond Index Plus via Bloomberg.

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Figure 39. U.S. dollar exchange rate indexes

Weekly
Week ending January 9, 2014 = 100

Period Mexican peso Chinese renminbi Broad dollar British pound
9 January 2014 100.00 100.00 100.00 100.00
16 January 2014 100.13 99.93 100.06 100.21
23 January 2014 101.66 99.98 100.66 99.49
30 January 2014 102.10 100.01 100.88 99.36
6 February 2014 101.98 100.13 101.00 100.57
13 February 2014 101.65 100.16 100.62 99.61
20 February 2014 101.25 100.36 100.38 98.43
27 February 2014 101.24 101.02 100.63 98.64
6 March 2014 101.14 101.39 100.50 98.30
13 March 2014 100.97 101.41 100.41 98.69
20 March 2014 100.82 102.25 100.54 99.02
27 March 2014 100.40 102.59 100.77 99.38
3 April 2014 99.87 102.62 100.46 98.81
10 April 2014 99.38 102.56 99.98 98.44
17 April 2014 99.76 102.75 100.01 98.06
24 April 2014 99.74 103.03 100.26 97.85
1 May 2014 100.06 103.38 100.24 97.56
8 May 2014 99.15 103.08 99.76 97.11
15 May 2014 98.84 102.94 99.83 97.68
22 May 2014 98.57 103.03 99.81 97.57
29 May 2014 98.24 103.17 99.95 98.05
5 June 2014 98.54 103.28 100.17 98.04
12 June 2014 99.18 102.97 100.10 97.84
19 June 2014 99.56 102.85 100.11 96.79
26 June 2014 99.35 102.90 99.83 96.68
3 July 2014 99.02 102.59 99.44 96.02
10 July 2014 99.21 102.48 99.47 95.96
17 July 2014 99.01 102.53 99.70 96.03
24 July 2014 98.87 102.49 99.80 96.44
31 July 2014 99.83 102.13 100.22 97.03
7 August 2014 101.11 101.96 100.69 97.56
14 August 2014 100.43 101.71 100.57 98.11
21 August 2014 99.84 101.53 100.51 98.71
28 August 2014 100.13 101.60 100.85 99.15
4 September 2014 100.02 101.50 101.05 99.78
11 September 2014 100.43 101.37 101.69 101.58
18 September 2014 100.86 101.46 102.09 100.86
25 September 2014 101.50 101.42 102.64 100.61
2 October 2014 102.65 101.43 103.45 101.34
9 October 2014 102.59 101.41 103.59 102.40
16 October 2014 102.98 101.23 103.41 102.72
23 October 2014 103.26 101.14 103.43 102.13
30 October 2014 102.97 101.03 103.41 102.01
6 November 2014 103.57 101.03 104.72 102.95
13 November 2014 103.61 101.18 105.12 103.97
20 November 2014 103.67 101.18 105.31 104.95
27 November 2014 104.26 101.37 105.46 104.56
4 December 2014 107.07 101.62 106.55 104.77
11 December 2014 110.46 102.03 107.45 104.93
18 December 2014 112.15 102.37 108.00 104.76
25 December 2014 112.15 102.79 108.52 105.54
1 January 2015 112.45 102.61 108.62 105.64
8 January 2015 113.07 102.66 109.68 108.19
15 January 2015 111.40 102.42 109.51 108.30
22 January 2015 111.82 102.62 109.99 108.73
29 January 2015 112.00 103.17 110.94 108.83
5 February 2015 113.27 103.33 111.33 108.58
12 February 2015 114.02 103.16 111.60 107.66
19 February 2015 113.87 103.29 111.43 106.68
26 February 2015 114.49 103.38 111.77 106.44
5 March 2015 114.72 103.61 112.28 107.15
12 March 2015 118.07 103.47 114.24 109.43
19 March 2015 117.70 103.09 114.75 111.48
26 March 2015 114.48 102.59 112.76 110.32
2 April 2015 115.81 102.50 113.21 110.77
9 April 2015 113.77 102.41 112.40 110.46
16 April 2015 116.46 102.56 113.19 111.35
23 April 2015 117.35 102.42 112.52 109.76
30 April 2015 116.77 102.50 111.46 107.35
7 May 2015 117.65 102.52 111.44 108.27
14 May 2015 116.14 102.55 110.95 105.03
21 May 2015 115.69 102.50 111.16 105.10
28 May 2015 117.11 102.46 112.74 106.90
4 June 2015 118.01 102.43 112.79 107.39
11 June 2015 118.77 102.53 112.66 106.79
18 June 2015 117.49 102.58 112.11 104.84
25 June 2015 117.57 102.58 112.13 104.20
2 July 2015 119.68 102.52 112.92 104.74
9 July 2015 120.59 102.60 113.73 106.40
16 July 2015 120.18 102.59 113.95 105.59
23 July 2015 122.31 102.60 114.88 105.48
30 July 2015 124.33 102.60 115.18 105.45
6 August 2015 123.79 102.60 115.68 105.39
13 August 2015 124.20 104.18 116.07 105.60
20 August 2015 125.79 105.62 116.82 105.07
27 August 2015 129.77 105.81 116.97 105.32
3 September 2015 128.44 105.22 117.20 107.24
10 September 2015 128.28 105.24 117.44 107.08
17 September 2015 127.57 105.23 116.96 106.44
24 September 2015 128.72 105.33 117.51 106.83
1 October 2015 129.57 105.15 117.87 108.38
8 October 2015 127.15 105.02 116.66 107.79
15 October 2015 125.94 104.84 115.53 106.94
22 October 2015 126.21 104.98 115.99 106.39
29 October 2015 126.19 104.98 116.89 107.24
5 November 2015 125.94 104.46 116.87 106.88
12 November 2015 128.25 104.97 118.31 108.65
19 November 2015 127.68 105.38 118.60 107.90
26 November 2015 126.04 105.54 118.36 108.68
3 December 2015 126.78 105.58 118.62 109.32
10 December 2015 129.37 106.01 118.73 108.82
17 December 2015 131.57 106.84 119.64 109.17
24 December 2015 131.02 107.04 119.80 110.40
31 December 2015 131.70 107.09 119.86 110.95
7 January 2016 133.24 108.25 121.12 112.27
14 January 2016 136.73 108.70 121.91 113.55
21 January 2016 140.28 108.73 122.69 115.69
28 January 2016 140.75 108.70 122.34 114.92
4 February 2016 139.89 108.64 121.66 113.98
11 February 2016 143.42 108.58 121.02 113.70
18 February 2016 141.70 107.94 120.82 114.53
25 February 2016 138.72 107.83 120.65 116.73
3 March 2016 137.27 108.14 120.56 117.48
10 March 2016 135.92 107.55 119.18 115.34
17 March 2016 135.48 107.40 118.64 114.94
24 March 2016 133.09 107.25 117.72 115.13
31 March 2016 132.78 107.20 117.60 115.05
7 April 2016 134.53 106.97 117.25 115.95
14 April 2016 134.02 106.89 116.72 115.81
21 April 2016 132.81 106.91 116.37 114.77
28 April 2016 132.89 107.24 116.54 113.15
5 May 2016 133.56 107.19 116.12 112.89
12 May 2016 137.46 107.51 117.34 113.77
19 May 2016 139.77 107.89 118.19 113.37
26 May 2016 140.77 108.28 118.96 112.66
2 June 2016 141.28 108.64 119.17 113.38
9 June 2016 140.60 108.45 117.64 113.27
16 June 2016 143.79 108.74 118.50 115.82
23 June 2016 142.03 108.73 117.68 112.40
30 June 2016 143.45 109.68 119.09 122.85
7 July 2016 142.78 110.30 118.97 126.08
14 July 2016 140.59 110.48 118.84 125.15
21 July 2016 141.60 110.48 119.16 124.53
28 July 2016 143.44 110.20 119.69 125.27
4 August 2016 143.92 109.63 118.51 123.98
11 August 2016 141.16 109.81 118.32 126.27
18 August 2016 138.35 109.58 117.33 126.46
25 August 2016 140.29 109.88 117.69 124.92
1 September 2016 142.49 110.29 118.65 125.00
8 September 2016 141.14 110.20 117.97 123.19
15 September 2016 145.86 110.30 119.00 124.19
22 September 2016 150.45 110.18 119.52 126.07
29 September 2016 149.58 110.20 119.17 126.56
6 October 2016 147.18 110.19 119.22 128.43
13 October 2016 145.72 110.84 120.08 134.04
20 October 2016 143.14 111.32 119.97 134.23
27 October 2016 142.29 111.93 120.50 134.75
3 November 2016 145.40 111.82 120.60 133.95
10 November 2016 147.29 111.99 120.92 131.87
17 November 2016 155.83 113.38 123.76 132.04
24 November 2016 156.66 113.96 124.49 132.32
1 December 2016 157.30 113.96 124.63 131.58
8 December 2016 156.16 113.67 123.88 129.87
15 December 2016 155.23 114.18 124.19 130.35
22 December 2016 156.48 114.82 125.45 132.75
29 December 2016 157.91 114.85 125.77 134.24
5 January 2017 160.91 114.51 125.41 133.33
12 January 2017 164.67 114.33 125.27 134.78
19 January 2017 165.81 113.42 124.64 133.59
26 January 2017 163.05 113.46 124.16 130.92
2 February 2017 158.89 113.63 123.28 130.90
9 February 2017 156.41 113.50 122.86 131.49

Note: The data, which are in foreign currency units per dollar, are weekly averages of daily data and extend through February 9, 2017.

Source: Federal Reserve Board, Statistical Release H.10, "Foreign Exchange Rates."

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Figure 40. Real gross domestic product growth in selected advanced foreign economies

Percent, annual rate

Period United Kingdom Japan Euro area Canada
2013 2.42 2.70 0.70 3.55
2014 3.46 -0.33 1.31 2.19
2015 1.70 1.16 1.98 0.35
2016:H1 1.97 2.30 1.64 0.70
2016:Q3 2.26 1.33 1.75 3.47
2016:Q4 2.42 ND 2.02 ND

Note: The data for the United Kingdom incorporate the flash estimate for 2016:Q4. The data for the euro area incorporate the preliminary flash estimate for 2016:Q4. The data for Japan and Canada extend through 2016:Q3.

Source: For the United Kingdom, Office for National Statistics; for Japan, Cabinet Office, Government of Japan; for the euro area, Eurostat; for Canada, Statistics Canada; all via Haver Analytics.

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Figure 41. Inflation in selected advanced foreign economies

Monthly
12-month percent change

Period United Kingdom Japan Euro area Canada
January 2014 1.89 1.35 0.77 1.47
February 2014 1.72 1.56 0.71 1.14
March 2014 1.61 1.67 0.47 1.38
April 2014 1.77 3.54 0.71 2.21
May 2014 1.49 3.64 0.49 2.37
June 2014 1.90 3.63 0.50 2.37
July 2014 1.59 3.42 0.37 2.12
August 2014 1.55 3.31 0.36 2.12
September 2014 1.23 3.20 0.32 2.11
October 2014 1.29 2.89 0.38 2.36
November 2014 0.97 2.47 0.28 1.95
December 2014 0.55 2.36 -0.17 1.46
January 2015 0.28 2.57 -0.60 1.05
February 2015 0.03 2.26 -0.27 0.97
March 2015 -0.01 2.36 -0.08 1.29
April 2015 -0.12 0.70 0.01 0.72
May 2015 0.11 0.60 0.34 0.88
June 2015 -0.04 0.40 0.22 1.04
July 2015 0.15 0.20 0.24 1.28
August 2015 0.01 0.10 0.13 1.20
September 2015 -0.12 0.00 -0.09 0.95
October 2015 -0.11 0.20 0.12 0.95
November 2015 0.11 0.20 0.15 1.35
December 2015 0.20 0.10 0.23 1.59
January 2016 0.29 -0.10 0.33 1.92
February 2016 0.28 0.20 -0.15 1.51
March 2016 0.46 0.00 -0.04 1.27
April 2016 0.29 -0.30 -0.24 1.67
May 2016 0.31 -0.50 -0.10 1.58
June 2016 0.46 -0.40 0.08 1.42
July 2016 0.56 -0.40 0.16 1.26
August 2016 0.64 -0.50 0.24 1.18
September 2016 0.98 -0.40 0.41 1.42
October 2016 0.91 0.10 0.51 1.49
November 2016 1.17 0.50 0.57 1.26
December 2016 1.56 0.30 1.14 1.49
January 2017 ND ND 1.76 ND

Note: The data for the euro area incorporate the flash estimate for January 2017. The data for Canada, Japan, and the United Kingdom extend through December 2016.

Source: For the United Kingdom, Office for National Statistics; for Japan, Ministry of International Affairs and Communications; for the euro area, Statistical Office of the European Communities; for Canada, Statistics Canada; all via Haver Analytics.

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Figure 42. Real gross domestic product growth in selected emerging market economies

Percent, annual rate

Period China Korea Mexico Brazil
2013 7.60 3.49 1.06 2.58
2014 7.12 2.69 2.66 -0.32
2015 6.76 3.12 2.45 -5.82
2016:H1 6.84 2.63 1.06 -1.79
2016:Q3 6.80 2.49 4.01 -3.29
2016:Q4 6.63 1.56 2.42 ND

Note: The data for Mexico incorporate the flash estimate for 2016:Q4. The data for China are seasonally adjusted by Board staff. The data for Mexico, Brazil, and Korea are seasonally adjusted by their respective government agencies. The data for Brazil extend through 2016:Q3.

Source: For China, China National Bureau of Statistics; for Korea, Bank of Korea; for Mexico, Instituto Nacional de Estadistica y Geografia; for Brazil, Instituto Brasileiro de Geografia e Estatistica; all via Haver Analytics.

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Part 2: Monetary Policy

 

 

Figure 43. Selected interest rates

Target range for the federal funds rate
Percent

Period Target federal funds rate Upper target federal funds rate Lower target federal funds rate
11 December 2007 4.25 ND ND
22 January 2008 3.50 ND ND
30 January 2008 3.00 ND ND
18 March 2008 2.25 ND ND
30 April 2008 2.00 ND ND
25 June 2008 2.00 ND ND
5 August 2008 2.00 ND ND
16 September 2008 2.00 ND ND
8 October 2008 1.50 ND ND
29 October 2008 1.00 ND ND
16 December 2008 ND 0.25 0.00
28 January 2009 ND 0.25 0.00
18 March 2009 ND 0.25 0.00
29 April 2009 ND 0.25 0.00
24 June 2009 ND 0.25 0.00
12 August 2009 ND 0.25 0.00
23 September 2009 ND 0.25 0.00
4 November 2009 ND 0.25 0.00
16 December 2009 ND 0.25 0.00
27 January 2010 ND 0.25 0.00
16 March 2010 ND 0.25 0.00
28 April 2010 ND 0.25 0.00
23 June 2010 ND 0.25 0.00
10 August 2010 ND 0.25 0.00
21 September 2010 ND 0.25 0.00
3 November 2010 ND 0.25 0.00
14 December 2010 ND 0.25 0.00
26 January 2011 ND 0.25 0.00
15 March 2011 ND 0.25 0.00
27 April 2011 ND 0.25 0.00
22 June 2011 ND 0.25 0.00
9 August 2011 ND 0.25 0.00
21 September 2011 ND 0.25 0.00
2 November 2011 ND 0.25 0.00
13 December 2011 ND 0.25 0.00
25 January 2012 ND 0.25 0.00
13 March 2012 ND 0.25 0.00
25 April 2012 ND 0.25 0.00
20 June 2012 ND 0.25 0.00
1 August 2012 ND 0.25 0.00
13 September 2012 ND 0.25 0.00
24 October 2012 ND 0.25 0.00
12 December 2012 ND 0.25 0.00
30 January 2013 ND 0.25 0.00
20 March 2013 ND 0.25 0.00
1 May 2013 ND 0.25 0.00
19 June 2013 ND 0.25 0.00
31 July 2013 ND 0.25 0.00
18 September 2013 ND 0.25 0.00
30 October 2013 ND 0.25 0.00
18 December 2013 ND 0.25 0.00
29 January 2014 ND 0.25 0.00
19 March 2014 ND 0.25 0.00
30 April 2014 ND 0.25 0.00
18 June 2014 ND 0.25 0.00
30 July 2014 ND 0.25 0.00
17 September 2014 ND 0.25 0.00
29 October 2014 ND 0.25 0.00
17 December 2014 ND 0.25 0.00
28 January 2015 ND 0.25 0.00
18 March 2015 ND 0.25 0.00
29 April 2015 ND 0.25 0.00
17 June 2015 ND 0.25 0.00
29 July 2015 ND 0.25 0.00
17 September 2015 ND 0.25 0.00
28 October 2015 ND 0.25 0.00
16 December 2015 ND 0.25 0.00
17 December 2015 ND 0.50 0.25
27 January 2016 ND 0.50 0.25
16 March 2016 ND 0.50 0.25
27 April 2016 ND 0.50 0.25
15 June 2016 ND 0.50 0.25
27 July 2016 ND 0.50 0.25
21 September 2016 ND 0.50 0.25
2 November 2016 ND 0.50 0.25
14 December 2016 ND 0.50 0.25
15 December 2016 ND 0.75 0.50
1 February 2017 ND 0.75 0.50

Source: Federal Reserve Board.

2-Year and 10-Year Treasury Rates
Daily

Percent

Date 2-year Treasury rate 10-year Treasury rate
2 January 2008 2.88 3.91
3 January 2008 2.83 3.91
4 January 2008 2.74 3.88
7 January 2008 2.76 3.86
8 January 2008 2.76 3.86
9 January 2008 2.69 3.82
10 January 2008 2.71 3.91
11 January 2008 2.59 3.82
14 January 2008 2.58 3.81
15 January 2008 2.53 3.72
16 January 2008 2.51 3.74
17 January 2008 2.44 3.66
18 January 2008 2.36 3.66
21 January 2008 ND ND
22 January 2008 2.08 3.52
23 January 2008 2.09 3.51
24 January 2008 2.25 3.68
25 January 2008 2.23 3.61
28 January 2008 2.20 3.61
29 January 2008 2.29 3.69
30 January 2008 2.30 3.78
31 January 2008 2.17 3.67
1 February 2008 2.09 3.62
4 February 2008 2.08 3.68
5 February 2008 1.93 3.61
6 February 2008 1.96 3.61
7 February 2008 1.99 3.74
8 February 2008 1.93 3.64
11 February 2008 1.93 3.62
12 February 2008 1.94 3.66
13 February 2008 1.91 3.70
14 February 2008 1.93 3.85
15 February 2008 1.91 3.76
18 February 2008 ND ND
19 February 2008 2.06 3.89
20 February 2008 2.14 3.93
21 February 2008 1.98 3.77
22 February 2008 1.98 3.79
25 February 2008 2.13 3.91
26 February 2008 2.04 3.88
27 February 2008 2.01 3.85
28 February 2008 1.87 3.71
29 February 2008 1.65 3.53
3 March 2008 1.61 3.54
4 March 2008 1.65 3.63
5 March 2008 1.66 3.70
6 March 2008 1.53 3.62
7 March 2008 1.53 3.56
10 March 2008 1.47 3.46
11 March 2008 1.74 3.60
12 March 2008 1.63 3.49
13 March 2008 1.63 3.56
14 March 2008 1.47 3.44
17 March 2008 1.35 3.34
18 March 2008 1.58 3.48
19 March 2008 1.54 3.38
20 March 2008 1.59 3.34
21 March 2008 ND ND
24 March 2008 1.84 3.56
25 March 2008 1.79 3.51
26 March 2008 1.71 3.51
27 March 2008 1.73 3.56
28 March 2008 1.67 3.47
31 March 2008 1.62 3.45
1 April 2008 1.80 3.57
2 April 2008 1.88 3.60
3 April 2008 1.91 3.61
4 April 2008 1.83 3.50
7 April 2008 1.95 3.57
8 April 2008 1.87 3.58
9 April 2008 1.77 3.49
10 April 2008 1.84 3.55
11 April 2008 1.76 3.49
14 April 2008 1.78 3.53
15 April 2008 1.84 3.60
16 April 2008 1.98 3.72
17 April 2008 2.13 3.75
18 April 2008 2.19 3.77
21 April 2008 2.20 3.75
22 April 2008 2.24 3.74
23 April 2008 2.22 3.77
24 April 2008 2.41 3.87
25 April 2008 2.44 3.91
28 April 2008 2.36 3.86
29 April 2008 2.35 3.85
30 April 2008 2.29 3.77
1 May 2008 2.37 3.78
2 May 2008 2.47 3.89
5 May 2008 2.42 3.88
6 May 2008 2.38 3.93
7 May 2008 2.31 3.87
8 May 2008 2.25 3.79
9 May 2008 2.25 3.77
12 May 2008 2.30 3.78
13 May 2008 2.47 3.90
14 May 2008 2.53 3.92
15 May 2008 2.45 3.83
16 May 2008 2.47 3.85
19 May 2008 2.42 3.83
20 May 2008 2.34 3.78
21 May 2008 2.41 3.81
22 May 2008 2.56 3.92
23 May 2008 2.46 3.85
26 May 2008 ND ND
27 May 2008 2.55 3.93
28 May 2008 2.62 4.03
29 May 2008 2.67 4.08
30 May 2008 2.66 4.06
2 June 2008 2.51 3.98
3 June 2008 2.45 3.92
4 June 2008 2.47 3.98
5 June 2008 2.52 4.06
6 June 2008 2.40 3.94
9 June 2008 2.73 4.02
10 June 2008 2.91 4.11
11 June 2008 2.83 4.10
12 June 2008 3.03 4.23
13 June 2008 3.05 4.27
16 June 2008 3.02 4.25
17 June 2008 2.94 4.23
18 June 2008 2.89 4.16
19 June 2008 2.99 4.22
20 June 2008 2.88 4.16
23 June 2008 2.98 4.19
24 June 2008 2.87 4.10
25 June 2008 2.82 4.12
26 June 2008 2.68 4.07
27 June 2008 2.65 3.99
30 June 2008 2.63 3.99
1 July 2008 2.63 4.01
2 July 2008 2.60 3.99
3 July 2008 2.54 3.99
4 July 2008 ND ND
7 July 2008 2.47 3.95
8 July 2008 2.47 3.91
9 July 2008 2.41 3.85
10 July 2008 2.44 3.83
11 July 2008 2.59 3.96
14 July 2008 2.47 3.90
15 July 2008 2.39 3.87
16 July 2008 2.44 3.97
17 July 2008 2.58 4.07
18 July 2008 2.66 4.11
21 July 2008 2.66 4.09
22 July 2008 2.74 4.14
23 July 2008 2.81 4.16
24 July 2008 2.61 4.03
25 July 2008 2.70 4.13
28 July 2008 2.59 4.06
29 July 2008 2.65 4.09
30 July 2008 2.64 4.07
31 July 2008 2.52 3.99
1 August 2008 2.51 3.97
4 August 2008 2.53 3.98
5 August 2008 2.54 4.04
6 August 2008 2.56 4.06
7 August 2008 2.43 3.92
8 August 2008 2.51 3.94
11 August 2008 2.56 3.99
12 August 2008 2.45 3.91
13 August 2008 2.50 3.94
14 August 2008 2.45 3.89
15 August 2008 2.40 3.84
18 August 2008 2.35 3.82
19 August 2008 2.32 3.83
20 August 2008 2.25 3.79
21 August 2008 2.33 3.84
22 August 2008 2.42 3.87
25 August 2008 2.33 3.79
26 August 2008 2.35 3.79
27 August 2008 2.31 3.77
28 August 2008 2.37 3.79
29 August 2008 2.36 3.83
1 September 2008 ND ND
2 September 2008 2.26 3.74
3 September 2008 2.26 3.71
4 September 2008 2.20 3.64
5 September 2008 2.23 3.66
8 September 2008 2.30 3.66
9 September 2008 2.23 3.62
10 September 2008 2.22 3.65
11 September 2008 2.18 3.64
12 September 2008 2.23 3.74
15 September 2008 1.78 3.47
16 September 2008 1.89 3.48
17 September 2008 1.64 3.41
18 September 2008 1.78 3.54
19 September 2008 2.16 3.78
22 September 2008 2.13 3.83
23 September 2008 2.11 3.85
24 September 2008 2.03 3.80
25 September 2008 2.16 3.88
26 September 2008 2.11 3.85
29 September 2008 1.70 3.61
30 September 2008 2.00 3.85
1 October 2008 1.82 3.77
2 October 2008 1.62 3.66
3 October 2008 1.60 3.63
6 October 2008 1.43 3.48
7 October 2008 1.47 3.50
8 October 2008 1.65 3.72
9 October 2008 1.65 3.84
10 October 2008 1.62 3.89
13 October 2008 ND ND
14 October 2008 1.82 4.08
15 October 2008 1.64 4.04
16 October 2008 1.61 3.99
17 October 2008 1.64 3.98
20 October 2008 1.71 3.91
21 October 2008 1.58 3.76
22 October 2008 1.53 3.65
23 October 2008 1.54 3.63
24 October 2008 1.57 3.76
27 October 2008 1.59 3.79
28 October 2008 1.65 3.89
29 October 2008 1.58 3.93
30 October 2008 1.59 4.00
31 October 2008 1.56 4.01
3 November 2008 1.45 3.96
4 November 2008 1.39 3.81
5 November 2008 1.36 3.73
6 November 2008 1.28 3.75
7 November 2008 1.33 3.83
10 November 2008 1.27 3.82
11 November 2008 ND ND
12 November 2008 1.19 3.75
13 November 2008 1.24 3.84
14 November 2008 1.22 3.72
17 November 2008 1.22 3.68
18 November 2008 1.15 3.53
19 November 2008 1.09 3.38
20 November 2008 1.00 3.10
21 November 2008 1.09 3.20
24 November 2008 1.31 3.35
25 November 2008 1.15 3.11
26 November 2008 1.09 2.99
27 November 2008 ND ND
28 November 2008 1.00 2.93
1 December 2008 0.90 2.72
2 December 2008 0.90 2.68
3 December 2008 0.87 2.67
4 December 2008 0.82 2.55
5 December 2008 0.93 2.67
8 December 2008 0.97 2.77
9 December 2008 0.84 2.67
10 December 2008 0.86 2.69
11 December 2008 0.79 2.64
12 December 2008 0.78 2.60
15 December 2008 0.75 2.53
16 December 2008 0.65 2.37
17 December 2008 0.73 2.20
18 December 2008 0.68 2.08
19 December 2008 0.74 2.13
22 December 2008 0.87 2.16
23 December 2008 0.90 2.18
24 December 2008 0.90 2.20
25 December 2008 ND ND
26 December 2008 0.89 2.16
29 December 2008 0.78 2.13
30 December 2008 0.75 2.11
31 December 2008 0.76 2.25
1 January 2009 ND ND
2 January 2009 0.88 2.46
5 January 2009 0.78 2.49
6 January 2009 0.80 2.51
7 January 2009 0.82 2.52
8 January 2009 0.83 2.47
9 January 2009 0.75 2.43
12 January 2009 0.74 2.34
13 January 2009 0.76 2.33
14 January 2009 0.73 2.24
15 January 2009 0.73 2.23
16 January 2009 0.73 2.36
19 January 2009 ND ND
20 January 2009 0.73 2.40
21 January 2009 0.78 2.56
22 January 2009 0.75 2.62
23 January 2009 0.83 2.65
26 January 2009 0.85 2.70
27 January 2009 0.87 2.59
28 January 2009 0.89 2.71
29 January 2009 0.95 2.87
30 January 2009 0.94 2.87
2 February 2009 0.89 2.76
3 February 2009 0.96 2.89
4 February 2009 0.98 2.95
5 February 2009 0.98 2.95
6 February 2009 0.99 3.05
9 February 2009 1.05 3.07
10 February 2009 0.92 2.90
11 February 2009 0.93 2.78
12 February 2009 0.89 2.75
13 February 2009 0.97 2.89
16 February 2009 ND ND
17 February 2009 0.87 2.64
18 February 2009 0.97 2.74
19 February 2009 1.01 2.85
20 February 2009 0.96 2.78
23 February 2009 0.96 2.78
24 February 2009 1.03 2.80
25 February 2009 1.09 2.95
26 February 2009 1.08 2.98
27 February 2009 1.00 3.02
2 March 2009 0.89 2.91
3 March 2009 0.91 2.93
4 March 2009 0.97 3.01
5 March 2009 0.90 2.83
6 March 2009 0.91 2.83
9 March 2009 0.96 2.89
10 March 2009 1.01 2.99
11 March 2009 1.03 2.95
12 March 2009 1.03 2.89
13 March 2009 0.98 2.89
16 March 2009 1.00 2.97
17 March 2009 1.05 3.02
18 March 2009 0.82 2.51
19 March 2009 0.87 2.61
20 March 2009 0.89 2.65
23 March 2009 0.93 2.68
24 March 2009 0.93 2.68
25 March 2009 0.96 2.81
26 March 2009 0.90 2.76
27 March 2009 0.90 2.78
30 March 2009 0.84 2.73
31 March 2009 0.81 2.71
1 April 2009 0.83 2.68
2 April 2009 0.88 2.77
3 April 2009 0.96 2.91
6 April 2009 0.94 2.95
7 April 2009 0.91 2.93
8 April 2009 0.93 2.86
9 April 2009 0.96 2.96
10 April 2009 ND ND
13 April 2009 0.89 2.88
14 April 2009 0.86 2.80
15 April 2009 0.86 2.82
16 April 2009 0.91 2.86
17 April 2009 0.99 2.98
20 April 2009 0.93 2.88
21 April 2009 0.96 2.94
22 April 2009 1.00 2.98
23 April 2009 0.97 2.96
24 April 2009 0.99 3.03
27 April 2009 0.90 2.95
28 April 2009 0.95 3.05
29 April 2009 0.94 3.12
30 April 2009 0.91 3.16
1 May 2009 0.92 3.21
4 May 2009 0.94 3.19
5 May 2009 0.98 3.20
6 May 2009 0.96 3.18
7 May 2009 1.00 3.29
8 May 2009 1.00 3.29
11 May 2009 0.92 3.17
12 May 2009 0.90 3.17
13 May 2009 0.89 3.11
14 May 2009 0.87 3.10
15 May 2009 0.88 3.14
18 May 2009 0.93 3.22
19 May 2009 0.91 3.25
20 May 2009 0.87 3.19
21 May 2009 0.89 3.35
22 May 2009 0.92 3.45
25 May 2009 ND ND
26 May 2009 0.96 3.50
27 May 2009 0.96 3.71
28 May 2009 0.97 3.67
29 May 2009 0.92 3.47
1 June 2009 0.97 3.71
2 June 2009 0.96 3.65
3 June 2009 0.91 3.56
4 June 2009 0.96 3.72
5 June 2009 1.32 3.84
8 June 2009 1.42 3.91
9 June 2009 1.33 3.86
10 June 2009 1.38 3.98
11 June 2009 1.35 3.88
12 June 2009 1.30 3.81
15 June 2009 1.26 3.76
16 June 2009 1.23 3.67
17 June 2009 1.19 3.68
18 June 2009 1.28 3.86
19 June 2009 1.25 3.79
22 June 2009 1.17 3.72
23 June 2009 1.14 3.65
24 June 2009 1.19 3.72
25 June 2009 1.12 3.55
26 June 2009 1.10 3.52
29 June 2009 1.11 3.51
30 June 2009 1.11 3.53
1 July 2009 1.05 3.55
2 July 2009 0.98 3.51
3 July 2009 ND ND
6 July 2009 0.96 3.52
7 July 2009 0.98 3.47
8 July 2009 0.91 3.33
9 July 2009 0.94 3.44
10 July 2009 0.91 3.32
13 July 2009 0.92 3.38
14 July 2009 0.97 3.50
15 July 2009 1.03 3.63
16 July 2009 1.00 3.59
17 July 2009 1.02 3.67
20 July 2009 0.99 3.61
21 July 2009 0.96 3.50
22 July 2009 0.98 3.58
23 July 2009 1.08 3.72
24 July 2009 1.05 3.70
27 July 2009 1.08 3.75
28 July 2009 1.12 3.72
29 July 2009 1.17 3.69
30 July 2009 1.19 3.67
31 July 2009 1.13 3.52
3 August 2009 1.18 3.66
4 August 2009 1.20 3.70
5 August 2009 1.23 3.80
6 August 2009 1.22 3.79
7 August 2009 1.32 3.89
10 August 2009 1.24 3.80
11 August 2009 1.21 3.71
12 August 2009 1.18 3.72
13 August 2009 1.12 3.59
14 August 2009 1.07 3.55
17 August 2009 1.04 3.48
18 August 2009 1.06 3.51
19 August 2009 1.01 3.45
20 August 2009 1.03 3.42
21 August 2009 1.13 3.56
24 August 2009 1.05 3.48
25 August 2009 1.05 3.45
26 August 2009 1.06 3.44
27 August 2009 1.04 3.47
28 August 2009 1.01 3.46
31 August 2009 0.97 3.40
1 September 2009 0.92 3.38
2 September 2009 0.89 3.29
3 September 2009 0.91 3.33
4 September 2009 0.94 3.45
7 September 2009 ND ND
8 September 2009 0.93 3.47
9 September 2009 0.93 3.48
10 September 2009 0.90 3.36
11 September 2009 0.90 3.34
14 September 2009 0.94 3.42
15 September 2009 0.96 3.47
16 September 2009 1.01 3.48
17 September 2009 0.98 3.42
18 September 2009 1.03 3.49
21 September 2009 1.02 3.49
22 September 2009 1.02 3.46
23 September 2009 0.96 3.44
24 September 2009 0.93 3.40
25 September 2009 0.98 3.34
28 September 2009 0.98 3.31
29 September 2009 1.00 3.31
30 September 2009 0.95 3.31
1 October 2009 0.87 3.21
2 October 2009 0.88 3.24
5 October 2009 0.88 3.24
6 October 2009 0.91 3.27
7 October 2009 0.87 3.21
8 October 2009 0.90 3.27
9 October 2009 0.98 3.40
12 October 2009 ND ND
13 October 2009 0.91 3.34
14 October 2009 0.96 3.45
15 October 2009 0.97 3.49
16 October 2009 0.97 3.43
19 October 2009 0.99 3.41
20 October 2009 0.95 3.35
21 October 2009 1.00 3.42
22 October 2009 0.97 3.44
23 October 2009 1.04 3.51
26 October 2009 1.06 3.59
27 October 2009 0.99 3.49
28 October 2009 0.95 3.44
29 October 2009 0.98 3.53
30 October 2009 0.90 3.41
2 November 2009 0.92 3.45
3 November 2009 0.92 3.50
4 November 2009 0.91 3.57
5 November 2009 0.90 3.57
6 November 2009 0.86 3.54
9 November 2009 0.87 3.52
10 November 2009 0.85 3.50
11 November 2009 ND ND
12 November 2009 0.82 3.45
13 November 2009 0.82 3.43
16 November 2009 0.78 3.33
17 November 2009 0.78 3.33
18 November 2009 0.77 3.36
19 November 2009 0.73 3.35
20 November 2009 0.75 3.36
23 November 2009 0.77 3.37
24 November 2009 0.73 3.32
25 November 2009 0.73 3.28
26 November 2009 ND ND
27 November 2009 0.68 3.21
30 November 2009 0.67 3.21
1 December 2009 0.67 3.28
2 December 2009 0.72 3.32
3 December 2009 0.74 3.39
4 December 2009 0.84 3.48
7 December 2009 0.78 3.44
8 December 2009 0.73 3.40
9 December 2009 0.76 3.45
10 December 2009 0.78 3.49
11 December 2009 0.83 3.55
14 December 2009 0.87 3.56
15 December 2009 0.88 3.60
16 December 2009 0.85 3.61
17 December 2009 0.77 3.50
18 December 2009 0.82 3.55
21 December 2009 0.89 3.69
22 December 2009 0.95 3.76
23 December 2009 0.96 3.77
24 December 2009 1.00 3.82
25 December 2009 ND ND
28 December 2009 1.09 3.85
29 December 2009 1.09 3.82
30 December 2009 1.08 3.80
31 December 2009 1.14 3.85
1 January 2010 ND ND
4 January 2010 1.09 3.85
5 January 2010 1.01 3.77
6 January 2010 1.01 3.85
7 January 2010 1.03 3.85
8 January 2010 0.96 3.83
11 January 2010 0.95 3.85
12 January 2010 0.92 3.74
13 January 2010 0.97 3.80
14 January 2010 0.94 3.76
15 January 2010 0.89 3.70
18 January 2010 ND ND
19 January 2010 0.93 3.73
20 January 2010 0.92 3.68
21 January 2010 0.87 3.62
22 January 2010 0.84 3.62
25 January 2010 0.86 3.66
26 January 2010 0.87 3.65
27 January 2010 0.90 3.66
28 January 2010 0.87 3.68
29 January 2010 0.82 3.63
1 February 2010 0.86 3.68
2 February 2010 0.86 3.67
3 February 2010 0.88 3.73
4 February 2010 0.80 3.62
5 February 2010 0.77 3.59
8 February 2010 0.79 3.62
9 February 2010 0.84 3.67
10 February 2010 0.91 3.72
11 February 2010 0.91 3.73
12 February 2010 0.84 3.69
15 February 2010 ND ND
16 February 2010 0.82 3.66
17 February 2010 0.87 3.74
18 February 2010 0.90 3.79
19 February 2010 0.95 3.78
22 February 2010 0.91 3.80
23 February 2010 0.87 3.69
24 February 2010 0.87 3.70
25 February 2010 0.82 3.64
26 February 2010 0.81 3.61
1 March 2010 0.80 3.61
2 March 2010 0.80 3.62
3 March 2010 0.82 3.63
4 March 2010 0.86 3.61
5 March 2010 0.91 3.69
8 March 2010 0.90 3.72
9 March 2010 0.89 3.71
10 March 2010 0.92 3.73
11 March 2010 0.97 3.73
12 March 2010 0.97 3.71
15 March 2010 0.96 3.71
16 March 2010 0.93 3.66
17 March 2010 0.95 3.65
18 March 2010 0.98 3.68
19 March 2010 1.02 3.70
22 March 2010 1.01 3.67
23 March 2010 1.02 3.69
24 March 2010 1.08 3.84
25 March 2010 1.10 3.91
26 March 2010 1.04 3.86
29 March 2010 1.04 3.88
30 March 2010 1.06 3.88
31 March 2010 1.02 3.84
1 April 2010 1.05 3.89
2 April 2010 1.11 3.96
5 April 2010 1.18 4.01
6 April 2010 1.14 3.98
7 April 2010 1.06 3.89
8 April 2010 1.09 3.91
9 April 2010 1.08 3.90
12 April 2010 1.07 3.87
13 April 2010 1.07 3.84
14 April 2010 1.07 3.88
15 April 2010 1.04 3.86
16 April 2010 0.98 3.79
19 April 2010 1.01 3.83
20 April 2010 1.05 3.82
21 April 2010 1.03 3.77
22 April 2010 1.07 3.80
23 April 2010 1.10 3.84
26 April 2010 1.09 3.83
27 April 2010 1.03 3.71
28 April 2010 1.03 3.80
29 April 2010 1.01 3.76
30 April 2010 0.97 3.69
3 May 2010 1.00 3.72
4 May 2010 0.96 3.63
5 May 2010 0.88 3.58
6 May 2010 0.75 3.41
7 May 2010 0.83 3.45
10 May 2010 0.87 3.57
11 May 2010 0.85 3.56
12 May 2010 0.89 3.56
13 May 2010 0.87 3.55
14 May 2010 0.79 3.44
17 May 2010 0.81 3.47
18 May 2010 0.76 3.38
19 May 2010 0.80 3.36
20 May 2010 0.76 3.25
21 May 2010 0.76 3.20
24 May 2010 0.77 3.23
25 May 2010 0.81 3.18
26 May 2010 0.82 3.21
27 May 2010 0.87 3.34
28 May 2010 0.76 3.31
31 May 2010 ND ND
1 June 2010 0.78 3.29
2 June 2010 0.82 3.35
3 June 2010 0.82 3.39
4 June 2010 0.72 3.20
7 June 2010 0.74 3.17
8 June 2010 0.74 3.18
9 June 2010 0.74 3.20
10 June 2010 0.79 3.33
11 June 2010 0.75 3.24
14 June 2010 0.77 3.28
15 June 2010 0.79 3.32
16 June 2010 0.75 3.27
17 June 2010 0.72 3.21
18 June 2010 0.74 3.24
21 June 2010 0.74 3.26
22 June 2010 0.71 3.18
23 June 2010 0.66 3.13
24 June 2010 0.67 3.14
25 June 2010 0.65 3.12
28 June 2010 0.62 3.05
29 June 2010 0.61 2.97
30 June 2010 0.61 2.97
1 July 2010 0.63 2.96
2 July 2010 0.63 3.00
5 July 2010 ND ND
6 July 2010 0.62 2.95
7 July 2010 0.63 3.00
8 July 2010 0.63 3.04
9 July 2010 0.63 3.07
12 July 2010 0.65 3.08
13 July 2010 0.67 3.15
14 July 2010 0.62 3.07
15 July 2010 0.61 3.00
16 July 2010 0.61 2.96
19 July 2010 0.61 2.99
20 July 2010 0.61 2.98
21 July 2010 0.58 2.90
22 July 2010 0.60 2.96
23 July 2010 0.60 3.02
26 July 2010 0.62 3.03
27 July 2010 0.65 3.08
28 July 2010 0.61 3.03
29 July 2010 0.59 3.03
30 July 2010 0.55 2.94
2 August 2010 0.56 2.99
3 August 2010 0.53 2.94
4 August 2010 0.56 2.98
5 August 2010 0.53 2.94
6 August 2010 0.50 2.86
9 August 2010 0.54 2.86
10 August 2010 0.52 2.79
11 August 2010 0.54 2.72
12 August 2010 0.55 2.74
13 August 2010 0.54 2.68
16 August 2010 0.51 2.58
17 August 2010 0.52 2.64
18 August 2010 0.51 2.64
19 August 2010 0.49 2.58
20 August 2010 0.49 2.62
23 August 2010 0.49 2.60
24 August 2010 0.50 2.50
25 August 2010 0.53 2.54
26 August 2010 0.51 2.50
27 August 2010 0.56 2.66
30 August 2010 0.50 2.54
31 August 2010 0.47 2.47
1 September 2010 0.50 2.58
2 September 2010 0.50 2.63
3 September 2010 0.52 2.72
6 September 2010 ND ND
7 September 2010 0.49 2.61
8 September 2010 0.52 2.66
9 September 2010 0.57 2.77
10 September 2010 0.58 2.81
13 September 2010 0.53 2.74
14 September 2010 0.50 2.68
15 September 2010 0.50 2.74
16 September 2010 0.48 2.77
17 September 2010 0.48 2.75
20 September 2010 0.47 2.72
21 September 2010 0.43 2.61
22 September 2010 0.44 2.56
23 September 2010 0.45 2.56
24 September 2010 0.45 2.62
27 September 2010 0.44 2.54
28 September 2010 0.37 2.48
29 September 2010 0.44 2.52
30 September 2010 0.42 2.53
1 October 2010 0.42 2.54
4 October 2010 0.41 2.50
5 October 2010 0.41 2.50
6 October 2010 0.38 2.41
7 October 2010 0.36 2.41
8 October 2010 0.35 2.41
11 October 2010 ND ND
12 October 2010 0.37 2.44
13 October 2010 0.37 2.46
14 October 2010 0.38 2.52
15 October 2010 0.37 2.59
18 October 2010 0.38 2.52
19 October 2010 0.37 2.50
20 October 2010 0.35 2.51
21 October 2010 0.37 2.57
22 October 2010 0.35 2.59
25 October 2010 0.37 2.59
26 October 2010 0.40 2.67
27 October 2010 0.40 2.75
28 October 2010 0.37 2.69
29 October 2010 0.34 2.63
1 November 2010 0.34 2.66
2 November 2010 0.34 2.63
3 November 2010 0.34 2.67
4 November 2010 0.33 2.53
5 November 2010 0.38 2.58
8 November 2010 0.41 2.60
9 November 2010 0.46 2.72
10 November 2010 0.44 2.65
11 November 2010 ND ND
12 November 2010 0.51 2.76
15 November 2010 0.53 2.92
16 November 2010 0.51 2.85
17 November 2010 0.50 2.89
18 November 2010 0.52 2.90
19 November 2010 0.52 2.88
22 November 2010 0.49 2.80
23 November 2010 0.45 2.77
24 November 2010 0.53 2.93
25 November 2010 ND ND
26 November 2010 0.51 2.87
29 November 2010 0.52 2.84
30 November 2010 0.45 2.81
1 December 2010 0.53 2.97
2 December 2010 0.55 3.01
3 December 2010 0.49 3.03
6 December 2010 0.42 2.95
7 December 2010 0.54 3.15
8 December 2010 0.63 3.26
9 December 2010 0.64 3.23
10 December 2010 0.64 3.32
13 December 2010 0.61 3.29
14 December 2010 0.66 3.49
15 December 2010 0.68 3.53
16 December 2010 0.66 3.47
17 December 2010 0.61 3.33
20 December 2010 0.62 3.36
21 December 2010 0.63 3.35
22 December 2010 0.65 3.36
23 December 2010 0.67 3.41
24 December 2010 ND ND
27 December 2010 0.71 3.36
28 December 2010 0.75 3.50
29 December 2010 0.64 3.35
30 December 2010 0.66 3.38
31 December 2010 0.61 3.30
3 January 2011 0.61 3.36
4 January 2011 0.63 3.36
5 January 2011 0.71 3.50
6 January 2011 0.68 3.44
7 January 2011 0.60 3.34
10 January 2011 0.59 3.32
11 January 2011 0.60 3.37
12 January 2011 0.61 3.40
13 January 2011 0.59 3.34
14 January 2011 0.59 3.35
17 January 2011 ND ND
18 January 2011 0.60 3.39
19 January 2011 0.60 3.37
20 January 2011 0.65 3.47
21 January 2011 0.63 3.44
24 January 2011 0.65 3.43
25 January 2011 0.62 3.35
26 January 2011 0.62 3.45
27 January 2011 0.59 3.42
28 January 2011 0.54 3.36
31 January 2011 0.58 3.42
1 February 2011 0.61 3.48
2 February 2011 0.67 3.52
3 February 2011 0.71 3.58
4 February 2011 0.77 3.68
7 February 2011 0.78 3.68
8 February 2011 0.86 3.75
9 February 2011 0.81 3.65
10 February 2011 0.85 3.70
11 February 2011 0.85 3.64
14 February 2011 0.87 3.62
15 February 2011 0.84 3.61
16 February 2011 0.86 3.62
17 February 2011 0.80 3.58
18 February 2011 0.78 3.59
21 February 2011 ND ND
22 February 2011 0.74 3.46
23 February 2011 0.74 3.49
24 February 2011 0.73 3.46
25 February 2011 0.72 3.42
28 February 2011 0.69 3.42
1 March 2011 0.66 3.41
2 March 2011 0.69 3.46
3 March 2011 0.79 3.58
4 March 2011 0.68 3.49
7 March 2011 0.70 3.51
8 March 2011 0.73 3.56
9 March 2011 0.70 3.48
10 March 2011 0.65 3.37
11 March 2011 0.64 3.40
14 March 2011 0.61 3.36
15 March 2011 0.63 3.33
16 March 2011 0.58 3.22
17 March 2011 0.60 3.25
18 March 2011 0.61 3.28
21 March 2011 0.67 3.34
22 March 2011 0.68 3.34
23 March 2011 0.69 3.36
24 March 2011 0.72 3.42
25 March 2011 0.79 3.46
28 March 2011 0.81 3.47
29 March 2011 0.81 3.50
30 March 2011 0.80 3.47
31 March 2011 0.80 3.47
1 April 2011 0.80 3.46
4 April 2011 0.77 3.45
5 April 2011 0.84 3.50
6 April 2011 0.85 3.56
7 April 2011 0.81 3.58
8 April 2011 0.83 3.59
11 April 2011 0.85 3.59
12 April 2011 0.77 3.52
13 April 2011 0.75 3.49
14 April 2011 0.77 3.51
15 April 2011 0.71 3.43
18 April 2011 0.69 3.40
19 April 2011 0.68 3.39
20 April 2011 0.69 3.43
21 April 2011 0.68 3.42
22 April 2011 ND ND
25 April 2011 0.67 3.39
26 April 2011 0.65 3.34
27 April 2011 0.65 3.39
28 April 2011 0.62 3.34
29 April 2011 0.61 3.32
2 May 2011 0.61 3.31
3 May 2011 0.61 3.28
4 May 2011 0.60 3.25
5 May 2011 0.58 3.18
6 May 2011 0.57 3.19
9 May 2011 0.57 3.17
10 May 2011 0.59 3.23
11 May 2011 0.56 3.19
12 May 2011 0.57 3.22
13 May 2011 0.57 3.18
16 May 2011 0.54 3.15
17 May 2011 0.55 3.12
18 May 2011 0.58 3.18
19 May 2011 0.55 3.17
20 May 2011 0.55 3.15
23 May 2011 0.55 3.13
24 May 2011 0.56 3.12
25 May 2011 0.54 3.13
26 May 2011 0.48 3.07
27 May 2011 0.48 3.07
30 May 2011 ND ND
31 May 2011 0.45 3.05
1 June 2011 0.44 2.96
2 June 2011 0.45 3.04
3 June 2011 0.42 2.99
6 June 2011 0.43 3.01
7 June 2011 0.39 3.01
8 June 2011 0.39 2.98
9 June 2011 0.43 3.01
10 June 2011 0.41 2.99
13 June 2011 0.40 3.00
14 June 2011 0.45 3.11
15 June 2011 0.38 2.98
16 June 2011 0.38 2.93
17 June 2011 0.38 2.94
20 June 2011 0.38 2.97
21 June 2011 0.40 2.99
22 June 2011 0.39 3.01
23 June 2011 0.35 2.93
24 June 2011 0.35 2.88
27 June 2011 0.41 2.95
28 June 2011 0.48 3.05
29 June 2011 0.47 3.14
30 June 2011 0.45 3.18
1 July 2011 0.50 3.22
4 July 2011 ND ND
5 July 2011 0.44 3.16
6 July 2011 0.43 3.12
7 July 2011 0.49 3.17
8 July 2011 0.40 3.03
11 July 2011 0.37 2.94
12 July 2011 0.37 2.92
13 July 2011 0.37 2.92
14 July 2011 0.38 2.98
15 July 2011 0.37 2.94
18 July 2011 0.37 2.94
19 July 2011 0.39 2.91
20 July 2011 0.40 2.96
21 July 2011 0.40 3.03
22 July 2011 0.40 2.99
25 July 2011 0.42 3.03
26 July 2011 0.41 2.99
27 July 2011 0.44 3.01
28 July 2011 0.42 2.98
29 July 2011 0.36 2.82
1 August 2011 0.38 2.77
2 August 2011 0.33 2.66
3 August 2011 0.33 2.64
4 August 2011 0.27 2.47
5 August 2011 0.28 2.58
8 August 2011 0.27 2.40
9 August 2011 0.19 2.20
10 August 2011 0.19 2.17
11 August 2011 0.19 2.34
12 August 2011 0.20 2.24
15 August 2011 0.19 2.29
16 August 2011 0.20 2.23
17 August 2011 0.19 2.17
18 August 2011 0.20 2.08
19 August 2011 0.20 2.07
22 August 2011 0.22 2.10
23 August 2011 0.22 2.15
24 August 2011 0.23 2.29
25 August 2011 0.22 2.23
26 August 2011 0.20 2.19
29 August 2011 0.20 2.28
30 August 2011 0.20 2.19
31 August 2011 0.20 2.23
1 September 2011 0.19 2.15
2 September 2011 0.20 2.02
5 September 2011 ND ND
6 September 2011 0.21 1.98
7 September 2011 0.21 2.05
8 September 2011 0.19 2.00
9 September 2011 0.17 1.93
12 September 2011 0.21 1.94
13 September 2011 0.21 2.00
14 September 2011 0.19 2.03
15 September 2011 0.21 2.09
16 September 2011 0.18 2.08
19 September 2011 0.16 1.97
20 September 2011 0.18 1.95
21 September 2011 0.21 1.88
22 September 2011 0.20 1.72
23 September 2011 0.23 1.84
26 September 2011 0.25 1.91
27 September 2011 0.25 2.00
28 September 2011 0.27 2.03
29 September 2011 0.27 1.99
30 September 2011 0.25 1.92
3 October 2011 0.24 1.80
4 October 2011 0.25 1.81
5 October 2011 0.25 1.92
6 October 2011 0.29 2.01
7 October 2011 0.30 2.10
10 October 2011 ND ND
11 October 2011 0.32 2.18
12 October 2011 0.29 2.24
13 October 2011 0.29 2.19
14 October 2011 0.28 2.26
17 October 2011 0.28 2.18
18 October 2011 0.28 2.19
19 October 2011 0.28 2.18
20 October 2011 0.28 2.20
21 October 2011 0.30 2.23
24 October 2011 0.30 2.25
25 October 2011 0.26 2.14
26 October 2011 0.28 2.23
27 October 2011 0.31 2.42
28 October 2011 0.28 2.34
31 October 2011 0.25 2.17
1 November 2011 0.23 2.01
2 November 2011 0.23 2.03
3 November 2011 0.24 2.09
4 November 2011 0.22 2.06
7 November 2011 0.25 2.04
8 November 2011 0.25 2.10
9 November 2011 0.24 2.00
10 November 2011 0.24 2.04
11 November 2011 ND ND
14 November 2011 0.24 2.04
15 November 2011 0.26 2.06
16 November 2011 0.26 2.01
17 November 2011 0.27 1.96
18 November 2011 0.29 2.01
21 November 2011 0.27 1.97
22 November 2011 0.26 1.94
23 November 2011 0.26 1.89
24 November 2011 ND ND
25 November 2011 0.28 1.97
28 November 2011 0.26 1.97
29 November 2011 0.27 2.00
30 November 2011 0.25 2.08
1 December 2011 0.27 2.11
2 December 2011 0.25 2.05
5 December 2011 0.27 2.04
6 December 2011 0.25 2.08
7 December 2011 0.24 2.02
8 December 2011 0.22 1.99
9 December 2011 0.22 2.07
12 December 2011 0.24 2.03
13 December 2011 0.24 1.96
14 December 2011 0.25 1.92
15 December 2011 0.26 1.92
16 December 2011 0.24 1.86
19 December 2011 0.24 1.82
20 December 2011 0.26 1.94
21 December 2011 0.28 1.98
22 December 2011 0.28 1.97
23 December 2011 0.28 2.03
26 December 2011 ND ND
27 December 2011 0.30 2.02
28 December 2011 0.28 1.93
29 December 2011 0.28 1.91
30 December 2011 0.25 1.89
2 January 2012 ND ND
3 January 2012 0.27 1.97
4 January 2012 0.25 2.00
5 January 2012 0.27 2.02
6 January 2012 0.25 1.98
9 January 2012 0.26 1.98
10 January 2012 0.24 2.00
11 January 2012 0.24 1.93
12 January 2012 0.22 1.94
13 January 2012 0.24 1.89
16 January 2012 ND ND
17 January 2012 0.21 1.87
18 January 2012 0.24 1.92
19 January 2012 0.26 2.01
20 January 2012 0.26 2.05
23 January 2012 0.26 2.09
24 January 2012 0.24 2.08
25 January 2012 0.22 2.01
26 January 2012 0.22 1.96
27 January 2012 0.22 1.93
30 January 2012 0.22 1.87
31 January 2012 0.22 1.83
1 February 2012 0.23 1.87
2 February 2012 0.23 1.86
3 February 2012 0.23 1.97
6 February 2012 0.24 1.93
7 February 2012 0.25 2.00
8 February 2012 0.27 2.01
9 February 2012 0.27 2.04
10 February 2012 0.27 1.96
13 February 2012 0.29 1.99
14 February 2012 0.29 1.92
15 February 2012 0.29 1.93
16 February 2012 0.29 1.99
17 February 2012 0.29 2.01
20 February 2012 ND ND
21 February 2012 0.31 2.05
22 February 2012 0.29 2.01
23 February 2012 0.31 1.99
24 February 2012 0.31 1.98
27 February 2012 0.30 1.92
28 February 2012 0.30 1.94
29 February 2012 0.30 1.98
1 March 2012 0.30 2.03
2 March 2012 0.28 1.99
5 March 2012 0.31 2.00
6 March 2012 0.30 1.96
7 March 2012 0.30 1.98
8 March 2012 0.32 2.03
9 March 2012 0.33 2.04
12 March 2012 0.33 2.04
13 March 2012 0.35 2.14
14 March 2012 0.40 2.29
15 March 2012 0.37 2.29
16 March 2012 0.37 2.31
19 March 2012 0.39 2.39
20 March 2012 0.41 2.38
21 March 2012 0.39 2.31
22 March 2012 0.37 2.29
23 March 2012 0.37 2.25
26 March 2012 0.36 2.26
27 March 2012 0.33 2.20
28 March 2012 0.34 2.21
29 March 2012 0.33 2.18
30 March 2012 0.33 2.23
2 April 2012 0.33 2.22
3 April 2012 0.36 2.30
4 April 2012 0.35 2.25
5 April 2012 0.35 2.19
6 April 2012 0.32 2.07
9 April 2012 0.32 2.06
10 April 2012 0.28 2.01
11 April 2012 0.30 2.05
12 April 2012 0.29 2.08
13 April 2012 0.27 2.02
16 April 2012 0.27 2.00
17 April 2012 0.27 2.03
18 April 2012 0.27 2.00
19 April 2012 0.27 1.98
20 April 2012 0.29 1.99
23 April 2012 0.27 1.96
24 April 2012 0.27 2.00
25 April 2012 0.26 2.01
26 April 2012 0.26 1.98
27 April 2012 0.26 1.96
30 April 2012 0.27 1.95
1 May 2012 0.27 1.98
2 May 2012 0.27 1.96
3 May 2012 0.28 1.96
4 May 2012 0.27 1.91
7 May 2012 0.27 1.92
8 May 2012 0.27 1.88
9 May 2012 0.27 1.87
10 May 2012 0.27 1.89
11 May 2012 0.27 1.84
14 May 2012 0.29 1.78
15 May 2012 0.29 1.76
16 May 2012 0.30 1.76
17 May 2012 0.32 1.70
18 May 2012 0.32 1.71
21 May 2012 0.30 1.75
22 May 2012 0.30 1.79
23 May 2012 0.28 1.73
24 May 2012 0.29 1.77
25 May 2012 0.30 1.75
28 May 2012 ND ND
29 May 2012 0.30 1.74
30 May 2012 0.27 1.63
31 May 2012 0.27 1.59
1 June 2012 0.25 1.47
4 June 2012 0.25 1.53
5 June 2012 0.25 1.57
6 June 2012 0.26 1.66
7 June 2012 0.27 1.66
8 June 2012 0.28 1.65
11 June 2012 0.27 1.60
12 June 2012 0.30 1.67
13 June 2012 0.30 1.61
14 June 2012 0.30 1.64
15 June 2012 0.29 1.60
18 June 2012 0.29 1.59
19 June 2012 0.30 1.64
20 June 2012 0.32 1.65
21 June 2012 0.32 1.63
22 June 2012 0.31 1.69
25 June 2012 0.31 1.63
26 June 2012 0.31 1.66
27 June 2012 0.31 1.65
28 June 2012 0.31 1.60
29 June 2012 0.33 1.67
2 July 2012 0.30 1.61
3 July 2012 0.30 1.65
4 July 2012 ND ND
5 July 2012 0.28 1.62
6 July 2012 0.27 1.57
9 July 2012 0.27 1.53
10 July 2012 0.27 1.53
11 July 2012 0.27 1.54
12 July 2012 0.25 1.50
13 July 2012 0.25 1.52
16 July 2012 0.24 1.50
17 July 2012 0.25 1.53
18 July 2012 0.22 1.52
19 July 2012 0.22 1.54
20 July 2012 0.22 1.49
23 July 2012 0.22 1.47
24 July 2012 0.22 1.44
25 July 2012 0.22 1.43
26 July 2012 0.23 1.45
27 July 2012 0.25 1.58
30 July 2012 0.23 1.53
31 July 2012 0.23 1.51
1 August 2012 0.24 1.56
2 August 2012 0.24 1.51
3 August 2012 0.24 1.60
6 August 2012 0.24 1.59
7 August 2012 0.27 1.66
8 August 2012 0.29 1.68
9 August 2012 0.29 1.69
10 August 2012 0.27 1.65
13 August 2012 0.27 1.65
14 August 2012 0.27 1.73
15 August 2012 0.27 1.80
16 August 2012 0.29 1.83
17 August 2012 0.29 1.81
20 August 2012 0.29 1.82
21 August 2012 0.31 1.80
22 August 2012 0.26 1.71
23 August 2012 0.26 1.68
24 August 2012 0.28 1.68
27 August 2012 0.28 1.65
28 August 2012 0.27 1.64
29 August 2012 0.27 1.66
30 August 2012 0.27 1.63
31 August 2012 0.22 1.57
3 September 2012 ND ND
4 September 2012 0.23 1.59
5 September 2012 0.25 1.60
6 September 2012 0.27 1.68
7 September 2012 0.25 1.67
10 September 2012 0.25 1.68
11 September 2012 0.25 1.70
12 September 2012 0.25 1.77
13 September 2012 0.24 1.75
14 September 2012 0.27 1.88
17 September 2012 0.25 1.85
18 September 2012 0.25 1.82
19 September 2012 0.27 1.79
20 September 2012 0.27 1.80
21 September 2012 0.27 1.77
24 September 2012 0.27 1.74
25 September 2012 0.27 1.70
26 September 2012 0.26 1.64
27 September 2012 0.25 1.66
28 September 2012 0.23 1.65
1 October 2012 0.25 1.64
2 October 2012 0.23 1.64
3 October 2012 0.23 1.64
4 October 2012 0.23 1.70
5 October 2012 0.27 1.75
8 October 2012 ND ND
9 October 2012 0.25 1.74
10 October 2012 0.27 1.72
11 October 2012 0.28 1.70
12 October 2012 0.27 1.69
15 October 2012 0.27 1.70
16 October 2012 0.27 1.75
17 October 2012 0.30 1.83
18 October 2012 0.29 1.86
19 October 2012 0.30 1.79
22 October 2012 0.32 1.83
23 October 2012 0.29 1.79
24 October 2012 0.29 1.80
25 October 2012 0.31 1.86
26 October 2012 0.30 1.78
29 October 2012 0.30 1.74
30 October 2012 ND ND
31 October 2012 0.30 1.72
1 November 2012 0.30 1.75
2 November 2012 0.28 1.75
5 November 2012 0.28 1.72
6 November 2012 0.30 1.78
7 November 2012 0.27 1.68
8 November 2012 0.27 1.62
9 November 2012 0.27 1.61
12 November 2012 ND ND
13 November 2012 0.27 1.59
14 November 2012 0.25 1.59
15 November 2012 0.24 1.58
16 November 2012 0.24 1.58
19 November 2012 0.25 1.61
20 November 2012 0.27 1.66
21 November 2012 0.27 1.69
22 November 2012 ND ND
23 November 2012 0.29 1.70
26 November 2012 0.27 1.66
27 November 2012 0.27 1.64
28 November 2012 0.27 1.63
29 November 2012 0.25 1.62
30 November 2012 0.25 1.62
3 December 2012 0.25 1.63
4 December 2012 0.25 1.62
5 December 2012 0.25 1.60
6 December 2012 0.25 1.59
7 December 2012 0.25 1.64
10 December 2012 0.24 1.63
11 December 2012 0.24 1.66
12 December 2012 0.25 1.72
13 December 2012 0.27 1.74
14 December 2012 0.24 1.72
17 December 2012 0.25 1.78
18 December 2012 0.28 1.84
19 December 2012 0.28 1.82
20 December 2012 0.28 1.81
21 December 2012 0.26 1.77
24 December 2012 0.26 1.79
25 December 2012 ND ND
26 December 2012 0.26 1.77
27 December 2012 0.26 1.74
28 December 2012 0.27 1.73
31 December 2012 0.25 1.78
1 January 2013 ND ND
2 January 2013 0.27 1.86
3 January 2013 0.27 1.92
4 January 2013 0.27 1.93
7 January 2013 0.27 1.92
8 January 2013 0.25 1.89
9 January 2013 0.24 1.88
10 January 2013 0.26 1.91
11 January 2013 0.26 1.89
14 January 2013 0.26 1.89
15 January 2013 0.26 1.86
16 January 2013 0.26 1.84
17 January 2013 0.28 1.89
18 January 2013 0.26 1.87
21 January 2013 ND ND
22 January 2013 0.26 1.86
23 January 2013 0.26 1.86
24 January 2013 0.23 1.88
25 January 2013 0.28 1.98
28 January 2013 0.29 2.00
29 January 2013 0.30 2.03
30 January 2013 0.27 2.03
31 January 2013 0.27 2.02
1 February 2013 0.27 2.04
4 February 2013 0.25 2.00
5 February 2013 0.27 2.04
6 February 2013 0.27 2.00
7 February 2013 0.25 1.99
8 February 2013 0.25 1.99
11 February 2013 0.27 1.99
12 February 2013 0.29 2.02
13 February 2013 0.29 2.05
14 February 2013 0.27 2.00
15 February 2013 0.29 2.01
18 February 2013 ND ND
19 February 2013 0.29 2.03
20 February 2013 0.27 2.02
21 February 2013 0.26 1.99
22 February 2013 0.27 1.97
25 February 2013 0.25 1.88
26 February 2013 0.25 1.88
27 February 2013 0.27 1.91
28 February 2013 0.25 1.89
1 March 2013 0.25 1.86
4 March 2013 0.24 1.88
5 March 2013 0.25 1.90
6 March 2013 0.25 1.95
7 March 2013 0.25 2.00
8 March 2013 0.27 2.06
11 March 2013 0.27 2.07
12 March 2013 0.27 2.03
13 March 2013 0.27 2.04
14 March 2013 0.27 2.04
15 March 2013 0.25 2.01
18 March 2013 0.26 1.96
19 March 2013 0.24 1.92
20 March 2013 0.26 1.96
21 March 2013 0.27 1.95
22 March 2013 0.26 1.93
25 March 2013 0.24 1.93
26 March 2013 0.25 1.92
27 March 2013 0.25 1.87
28 March 2013 0.25 1.87
29 March 2013 ND ND
1 April 2013 0.23 1.86
2 April 2013 0.25 1.88
3 April 2013 0.24 1.83
4 April 2013 0.22 1.78
5 April 2013 0.24 1.72
8 April 2013 0.24 1.76
9 April 2013 0.24 1.78
10 April 2013 0.24 1.84
11 April 2013 0.24 1.82
12 April 2013 0.22 1.75
15 April 2013 0.22 1.72
16 April 2013 0.24 1.75
17 April 2013 0.24 1.73
18 April 2013 0.24 1.72
19 April 2013 0.24 1.73
22 April 2013 0.24 1.72
23 April 2013 0.23 1.74
24 April 2013 0.23 1.73
25 April 2013 0.23 1.74
26 April 2013 0.22 1.70
29 April 2013 0.20 1.70
30 April 2013 0.22 1.70
1 May 2013 0.20 1.66
2 May 2013 0.20 1.66
3 May 2013 0.22 1.78
6 May 2013 0.22 1.80
7 May 2013 0.22 1.82
8 May 2013 0.22 1.81
9 May 2013 0.22 1.81
10 May 2013 0.26 1.90
13 May 2013 0.24 1.92
14 May 2013 0.26 1.96
15 May 2013 0.26 1.94
16 May 2013 0.23 1.87
17 May 2013 0.26 1.95
20 May 2013 0.26 1.97
21 May 2013 0.26 1.94
22 May 2013 0.26 2.03
23 May 2013 0.26 2.02
24 May 2013 0.26 2.01
27 May 2013 ND ND
28 May 2013 0.29 2.15
29 May 2013 0.30 2.13
30 May 2013 0.31 2.13
31 May 2013 0.30 2.16
3 June 2013 0.30 2.13
4 June 2013 0.32 2.14
5 June 2013 0.30 2.10
6 June 2013 0.30 2.08
7 June 2013 0.32 2.17
10 June 2013 0.32 2.22
11 June 2013 0.34 2.20
12 June 2013 0.34 2.25
13 June 2013 0.32 2.19
14 June 2013 0.29 2.14
17 June 2013 0.27 2.19
18 June 2013 0.27 2.20
19 June 2013 0.31 2.33
20 June 2013 0.33 2.41
21 June 2013 0.38 2.52
24 June 2013 0.42 2.57
25 June 2013 0.43 2.60
26 June 2013 0.39 2.55
27 June 2013 0.36 2.49
28 June 2013 0.36 2.52
1 July 2013 0.34 2.50
2 July 2013 0.34 2.48
3 July 2013 0.36 2.52
4 July 2013 ND ND
5 July 2013 0.40 2.73
8 July 2013 0.37 2.65
9 July 2013 0.37 2.65
10 July 2013 0.38 2.70
11 July 2013 0.34 2.60
12 July 2013 0.37 2.61
15 July 2013 0.34 2.57
16 July 2013 0.34 2.55
17 July 2013 0.32 2.52
18 July 2013 0.32 2.56
19 July 2013 0.32 2.50
22 July 2013 0.32 2.50
23 July 2013 0.33 2.53
24 July 2013 0.34 2.61
25 July 2013 0.32 2.61
26 July 2013 0.31 2.58
29 July 2013 0.33 2.61
30 July 2013 0.33 2.63
31 July 2013 0.31 2.60
1 August 2013 0.35 2.74
2 August 2013 0.30 2.63
5 August 2013 0.32 2.67
6 August 2013 0.32 2.67
7 August 2013 0.32 2.61
8 August 2013 0.30 2.58
9 August 2013 0.32 2.57
12 August 2013 0.32 2.61
13 August 2013 0.34 2.71
14 August 2013 0.34 2.71
15 August 2013 0.36 2.77
16 August 2013 0.36 2.84
19 August 2013 0.36 2.88
20 August 2013 0.36 2.82
21 August 2013 0.38 2.87
22 August 2013 0.42 2.90
23 August 2013 0.40 2.82
26 August 2013 0.41 2.79
27 August 2013 0.38 2.72
28 August 2013 0.40 2.78
29 August 2013 0.39 2.75
30 August 2013 0.39 2.78
2 September 2013 ND ND
3 September 2013 0.43 2.86
4 September 2013 0.46 2.90
5 September 2013 0.52 2.98
6 September 2013 0.46 2.94
9 September 2013 0.45 2.90
10 September 2013 0.50 2.96
11 September 2013 0.47 2.93
12 September 2013 0.45 2.92
13 September 2013 0.45 2.90
16 September 2013 0.41 2.88
17 September 2013 0.39 2.86
18 September 2013 0.34 2.69
19 September 2013 0.34 2.76
20 September 2013 0.34 2.75
23 September 2013 0.35 2.72
24 September 2013 0.35 2.67
25 September 2013 0.36 2.63
26 September 2013 0.34 2.66
27 September 2013 0.34 2.64
30 September 2013 0.33 2.64
1 October 2013 0.33 2.66
2 October 2013 0.31 2.63
3 October 2013 0.33 2.62
4 October 2013 0.33 2.66
7 October 2013 0.37 2.65
8 October 2013 0.40 2.66
9 October 2013 0.37 2.68
10 October 2013 0.35 2.71
11 October 2013 0.35 2.70
14 October 2013 ND ND
15 October 2013 0.37 2.75
16 October 2013 0.34 2.69
17 October 2013 0.33 2.61
18 October 2013 0.33 2.60
21 October 2013 0.33 2.63
22 October 2013 0.31 2.54
23 October 2013 0.31 2.51
24 October 2013 0.33 2.53
25 October 2013 0.32 2.53
28 October 2013 0.32 2.54
29 October 2013 0.31 2.53
30 October 2013 0.33 2.55
31 October 2013 0.31 2.57
1 November 2013 0.33 2.65
4 November 2013 0.32 2.63
5 November 2013 0.32 2.69
6 November 2013 0.30 2.67
7 November 2013 0.29 2.63
8 November 2013 0.32 2.77
11 November 2013 ND ND
12 November 2013 0.34 2.80
13 November 2013 0.32 2.75
14 November 2013 0.29 2.69
15 November 2013 0.31 2.71
18 November 2013 0.31 2.67
19 November 2013 0.29 2.71
20 November 2013 0.28 2.80
21 November 2013 0.29 2.79
22 November 2013 0.31 2.75
25 November 2013 0.30 2.74
26 November 2013 0.29 2.71
27 November 2013 0.28 2.74
28 November 2013 ND ND
29 November 2013 0.28 2.75
2 December 2013 0.30 2.81
3 December 2013 0.28 2.79
4 December 2013 0.30 2.84
5 December 2013 0.30 2.88
6 December 2013 0.30 2.88
9 December 2013 0.30 2.86
10 December 2013 0.30 2.81
11 December 2013 0.31 2.86
12 December 2013 0.34 2.89
13 December 2013 0.34 2.88
16 December 2013 0.34 2.89
17 December 2013 0.34 2.85
18 December 2013 0.32 2.89
19 December 2013 0.35 2.94
20 December 2013 0.37 2.89
23 December 2013 0.38 2.94
24 December 2013 0.38 2.99
25 December 2013 ND ND
26 December 2013 0.42 3.00
27 December 2013 0.40 3.02
30 December 2013 0.39 2.99
31 December 2013 0.38 3.04
1 January 2014 ND ND
2 January 2014 0.39 3.00
3 January 2014 0.41 3.01
6 January 2014 0.40 2.98
7 January 2014 0.40 2.96
8 January 2014 0.43 3.01
9 January 2014 0.44 2.97
10 January 2014 0.39 2.88
13 January 2014 0.39 2.84
14 January 2014 0.39 2.88
15 January 2014 0.41 2.90
16 January 2014 0.41 2.86
17 January 2014 0.40 2.84
20 January 2014 ND ND
21 January 2014 0.40 2.85
22 January 2014 0.44 2.87
23 January 2014 0.39 2.79
24 January 2014 0.37 2.75
27 January 2014 0.37 2.78
28 January 2014 0.38 2.77
29 January 2014 0.36 2.69
30 January 2014 0.36 2.72
31 January 2014 0.34 2.67
3 February 2014 0.30 2.61
4 February 2014 0.31 2.64
5 February 2014 0.32 2.70
6 February 2014 0.33 2.73
7 February 2014 0.30 2.71
10 February 2014 0.32 2.70
11 February 2014 0.35 2.75
12 February 2014 0.35 2.80
13 February 2014 0.32 2.73
14 February 2014 0.32 2.75
17 February 2014 ND ND
18 February 2014 0.31 2.71
19 February 2014 0.33 2.73
20 February 2014 0.34 2.76
21 February 2014 0.33 2.73
24 February 2014 0.35 2.75
25 February 2014 0.34 2.70
26 February 2014 0.33 2.67
27 February 2014 0.33 2.65
28 February 2014 0.33 2.66
3 March 2014 0.32 2.60
4 March 2014 0.33 2.70
5 March 2014 0.33 2.70
6 March 2014 0.37 2.74
7 March 2014 0.38 2.80
10 March 2014 0.37 2.79
11 March 2014 0.37 2.77
12 March 2014 0.37 2.73
13 March 2014 0.34 2.66
14 March 2014 0.36 2.65
17 March 2014 0.38 2.70
18 March 2014 0.36 2.68
19 March 2014 0.47 2.78
20 March 2014 0.45 2.79
21 March 2014 0.45 2.75
24 March 2014 0.47 2.74
25 March 2014 0.47 2.75
26 March 2014 0.45 2.71
27 March 2014 0.45 2.69
28 March 2014 0.45 2.73
31 March 2014 0.44 2.73
1 April 2014 0.44 2.77
2 April 2014 0.47 2.82
3 April 2014 0.46 2.80
4 April 2014 0.43 2.74
7 April 2014 0.41 2.71
8 April 2014 0.40 2.69
9 April 2014 0.37 2.71
10 April 2014 0.37 2.65
11 April 2014 0.37 2.63
14 April 2014 0.37 2.65
15 April 2014 0.39 2.64
16 April 2014 0.39 2.65
17 April 2014 0.43 2.73
18 April 2014 ND ND
21 April 2014 0.42 2.73
22 April 2014 0.45 2.73
23 April 2014 0.43 2.70
24 April 2014 0.43 2.70
25 April 2014 0.43 2.68
28 April 2014 0.44 2.70
29 April 2014 0.44 2.71
30 April 2014 0.42 2.67
1 May 2014 0.41 2.63
2 May 2014 0.42 2.60
5 May 2014 0.43 2.63
6 May 2014 0.43 2.61
7 May 2014 0.41 2.62
8 May 2014 0.40 2.61
9 May 2014 0.40 2.62
12 May 2014 0.41 2.66
13 May 2014 0.39 2.61
14 May 2014 0.39 2.54
15 May 2014 0.38 2.50
16 May 2014 0.38 2.52
19 May 2014 0.36 2.54
20 May 2014 0.35 2.52
21 May 2014 0.37 2.54
22 May 2014 0.37 2.56
23 May 2014 0.37 2.54
26 May 2014 ND ND
27 May 2014 0.39 2.52
28 May 2014 0.37 2.44
29 May 2014 0.37 2.45
30 May 2014 0.37 2.48
2 June 2014 0.39 2.54
3 June 2014 0.41 2.60
4 June 2014 0.41 2.61
5 June 2014 0.40 2.59
6 June 2014 0.41 2.60
9 June 2014 0.43 2.62
10 June 2014 0.45 2.64
11 June 2014 0.44 2.65
12 June 2014 0.42 2.58
13 June 2014 0.45 2.60
16 June 2014 0.49 2.61
17 June 2014 0.51 2.66
18 June 2014 0.48 2.61
19 June 2014 0.48 2.64
20 June 2014 0.50 2.63
23 June 2014 0.48 2.63
24 June 2014 0.49 2.59
25 June 2014 0.48 2.57
26 June 2014 0.46 2.53
27 June 2014 0.45 2.54
30 June 2014 0.47 2.53
1 July 2014 0.47 2.58
2 July 2014 0.49 2.64
3 July 2014 0.52 2.65
4 July 2014 ND ND
7 July 2014 0.52 2.63
8 July 2014 0.51 2.58
9 July 2014 0.51 2.57
10 July 2014 0.46 2.55
11 July 2014 0.48 2.53
14 July 2014 0.48 2.55
15 July 2014 0.49 2.56
16 July 2014 0.50 2.55
17 July 2014 0.47 2.47
18 July 2014 0.51 2.50
21 July 2014 0.51 2.49
22 July 2014 0.49 2.48
23 July 2014 0.50 2.48
24 July 2014 0.53 2.52
25 July 2014 0.53 2.48
28 July 2014 0.54 2.50
29 July 2014 0.54 2.47
30 July 2014 0.56 2.57
31 July 2014 0.53 2.58
1 August 2014 0.47 2.52
4 August 2014 0.47 2.51
5 August 2014 0.47 2.49
6 August 2014 0.48 2.49
7 August 2014 0.44 2.43
8 August 2014 0.45 2.44
11 August 2014 0.47 2.44
12 August 2014 0.45 2.46
13 August 2014 0.43 2.43
14 August 2014 0.42 2.40
15 August 2014 0.42 2.34
18 August 2014 0.44 2.39
19 August 2014 0.46 2.40
20 August 2014 0.49 2.43
21 August 2014 0.49 2.41
22 August 2014 0.53 2.40
25 August 2014 0.53 2.39
26 August 2014 0.52 2.39
27 August 2014 0.51 2.37
28 August 2014 0.50 2.34
29 August 2014 0.48 2.35
1 September 2014 ND ND
2 September 2014 0.53 2.42
3 September 2014 0.52 2.41
4 September 2014 0.54 2.45
5 September 2014 0.52 2.46
8 September 2014 0.54 2.48
9 September 2014 0.56 2.50
10 September 2014 0.58 2.54
11 September 2014 0.58 2.54
12 September 2014 0.58 2.62
15 September 2014 0.58 2.60
16 September 2014 0.55 2.60
17 September 2014 0.59 2.62
18 September 2014 0.59 2.63
19 September 2014 0.59 2.59
22 September 2014 0.58 2.57
23 September 2014 0.57 2.54
24 September 2014 0.59 2.57
25 September 2014 0.56 2.52
26 September 2014 0.59 2.54
29 September 2014 0.58 2.50
30 September 2014 0.58 2.52
1 October 2014 0.53 2.42
2 October 2014 0.53 2.44
3 October 2014 0.57 2.45
6 October 2014 0.54 2.43
7 October 2014 0.52 2.36
8 October 2014 0.46 2.35
9 October 2014 0.46 2.34
10 October 2014 0.45 2.31
13 October 2014 ND ND
14 October 2014 0.39 2.21
15 October 2014 0.34 2.15
16 October 2014 0.35 2.17
17 October 2014 0.39 2.22
20 October 2014 0.37 2.20
21 October 2014 0.38 2.23
22 October 2014 0.41 2.25
23 October 2014 0.41 2.29
24 October 2014 0.41 2.29
27 October 2014 0.41 2.27
28 October 2014 0.42 2.30
29 October 2014 0.48 2.34
30 October 2014 0.48 2.32
31 October 2014 0.50 2.35
3 November 2014 0.52 2.36
4 November 2014 0.52 2.35
5 November 2014 0.52 2.36
6 November 2014 0.54 2.39
7 November 2014 0.51 2.32
10 November 2014 0.55 2.38
11 November 2014 ND ND
12 November 2014 0.55 2.37
13 November 2014 0.53 2.35
14 November 2014 0.54 2.32
17 November 2014 0.54 2.34
18 November 2014 0.53 2.32
19 November 2014 0.54 2.36
20 November 2014 0.53 2.34
21 November 2014 0.53 2.31
24 November 2014 0.53 2.30
25 November 2014 0.51 2.27
26 November 2014 0.53 2.24
27 November 2014 ND ND
28 November 2014 0.47 2.18
1 December 2014 0.49 2.22
2 December 2014 0.55 2.28
3 December 2014 0.57 2.29
4 December 2014 0.55 2.25
5 December 2014 0.65 2.31
8 December 2014 0.64 2.26
9 December 2014 0.64 2.22
10 December 2014 0.59 2.18
11 December 2014 0.62 2.19
12 December 2014 0.56 2.10
15 December 2014 0.60 2.12
16 December 2014 0.58 2.07
17 December 2014 0.62 2.14
18 December 2014 0.67 2.22
19 December 2014 0.67 2.17
22 December 2014 0.71 2.17
23 December 2014 0.73 2.26
24 December 2014 0.73 2.27
25 December 2014 ND ND
26 December 2014 0.73 2.25
29 December 2014 0.72 2.22
30 December 2014 0.69 2.20
31 December 2014 0.67 2.17
1 January 2015 ND ND
2 January 2015 0.66 2.12
5 January 2015 0.68 2.04
6 January 2015 0.65 1.97
7 January 2015 0.62 1.96
8 January 2015 0.62 2.03
9 January 2015 0.59 1.98
12 January 2015 0.56 1.92
13 January 2015 0.54 1.91
14 January 2015 0.51 1.86
15 January 2015 0.44 1.77
16 January 2015 0.49 1.83
19 January 2015 ND ND
20 January 2015 0.53 1.82
21 January 2015 0.53 1.87
22 January 2015 0.53 1.90
23 January 2015 0.52 1.81
26 January 2015 0.54 1.83
27 January 2015 0.54 1.83
28 January 2015 0.50 1.73
29 January 2015 0.51 1.77
30 January 2015 0.47 1.68
2 February 2015 0.49 1.68
3 February 2015 0.52 1.79
4 February 2015 0.52 1.81
5 February 2015 0.52 1.83
6 February 2015 0.65 1.95
9 February 2015 0.65 1.96
10 February 2015 0.67 2.01
11 February 2015 0.67 2.00
12 February 2015 0.61 1.99
13 February 2015 0.66 2.02
16 February 2015 ND ND
17 February 2015 0.70 2.14
18 February 2015 0.62 2.07
19 February 2015 0.67 2.11
20 February 2015 0.67 2.13
23 February 2015 0.64 2.06
24 February 2015 0.60 1.99
25 February 2015 0.61 1.96
26 February 2015 0.66 2.03
27 February 2015 0.63 2.00
2 March 2015 0.66 2.08
3 March 2015 0.68 2.12
4 March 2015 0.66 2.12
5 March 2015 0.65 2.11
6 March 2015 0.73 2.24
9 March 2015 0.70 2.20
10 March 2015 0.70 2.14
11 March 2015 0.70 2.11
12 March 2015 0.67 2.10
13 March 2015 0.68 2.13
16 March 2015 0.66 2.10
17 March 2015 0.70 2.06
18 March 2015 0.57 1.93
19 March 2015 0.63 1.98
20 March 2015 0.60 1.93
23 March 2015 0.60 1.92
24 March 2015 0.58 1.88
25 March 2015 0.59 1.93
26 March 2015 0.61 2.01
27 March 2015 0.58 1.95
30 March 2015 0.58 1.96
31 March 2015 0.56 1.94
1 April 2015 0.55 1.87
2 April 2015 0.55 1.92
3 April 2015 0.49 1.85
6 April 2015 0.51 1.92
7 April 2015 0.52 1.89
8 April 2015 0.54 1.92
9 April 2015 0.56 1.97
10 April 2015 0.57 1.96
13 April 2015 0.54 1.94
14 April 2015 0.53 1.90
15 April 2015 0.51 1.91
16 April 2015 0.50 1.90
17 April 2015 0.51 1.87
20 April 2015 0.55 1.90
21 April 2015 0.55 1.92
22 April 2015 0.57 1.99
23 April 2015 0.55 1.96
24 April 2015 0.54 1.93
27 April 2015 0.54 1.94
28 April 2015 0.56 2.00
29 April 2015 0.56 2.06
30 April 2015 0.58 2.05
1 May 2015 0.60 2.12
4 May 2015 0.60 2.16
5 May 2015 0.62 2.19
6 May 2015 0.65 2.25
7 May 2015 0.63 2.18
8 May 2015 0.59 2.16
11 May 2015 0.62 2.28
12 May 2015 0.61 2.28
13 May 2015 0.59 2.27
14 May 2015 0.56 2.23
15 May 2015 0.55 2.14
18 May 2015 0.58 2.23
19 May 2015 0.63 2.27
20 May 2015 0.60 2.26
21 May 2015 0.60 2.19
22 May 2015 0.64 2.21
25 May 2015 ND ND
26 May 2015 0.64 2.14
27 May 2015 0.64 2.14
28 May 2015 0.62 2.13
29 May 2015 0.61 2.12
1 June 2015 0.64 2.19
2 June 2015 0.64 2.27
3 June 2015 0.69 2.38
4 June 2015 0.66 2.31
5 June 2015 0.73 2.41
8 June 2015 0.70 2.39
9 June 2015 0.72 2.42
10 June 2015 0.75 2.50
11 June 2015 0.73 2.39
12 June 2015 0.74 2.39
15 June 2015 0.72 2.36
16 June 2015 0.71 2.32
17 June 2015 0.67 2.32
18 June 2015 0.66 2.35
19 June 2015 0.65 2.26
22 June 2015 0.68 2.37
23 June 2015 0.70 2.42
24 June 2015 0.68 2.38
25 June 2015 0.68 2.40
26 June 2015 0.72 2.49
29 June 2015 0.64 2.33
30 June 2015 0.64 2.35
1 July 2015 0.69 2.43
2 July 2015 0.64 2.40
3 July 2015 ND ND
6 July 2015 0.60 2.30
7 July 2015 0.58 2.27
8 July 2015 0.55 2.22
9 July 2015 0.60 2.32
10 July 2015 0.65 2.42
13 July 2015 0.69 2.44
14 July 2015 0.66 2.41
15 July 2015 0.64 2.36
16 July 2015 0.67 2.36
17 July 2015 0.68 2.34
20 July 2015 0.71 2.38
21 July 2015 0.71 2.35
22 July 2015 0.75 2.33
23 July 2015 0.71 2.28
24 July 2015 0.70 2.27
27 July 2015 0.68 2.23
28 July 2015 0.69 2.26
29 July 2015 0.70 2.29
30 July 2015 0.72 2.28
31 July 2015 0.67 2.20
3 August 2015 0.68 2.16
4 August 2015 0.74 2.23
5 August 2015 0.73 2.28
6 August 2015 0.71 2.23
7 August 2015 0.73 2.18
10 August 2015 0.73 2.24
11 August 2015 0.68 2.15
12 August 2015 0.67 2.14
13 August 2015 0.72 2.19
14 August 2015 0.73 2.20
17 August 2015 0.72 2.16
18 August 2015 0.74 2.20
19 August 2015 0.67 2.12
20 August 2015 0.69 2.09
21 August 2015 0.64 2.05
24 August 2015 0.59 2.01
25 August 2015 0.67 2.12
26 August 2015 0.67 2.18
27 August 2015 0.68 2.18
28 August 2015 0.72 2.19
31 August 2015 0.74 2.21
1 September 2015 0.70 2.17
2 September 2015 0.72 2.20
3 September 2015 0.71 2.18
4 September 2015 0.71 2.13
7 September 2015 ND ND
8 September 2015 0.74 2.20
9 September 2015 0.75 2.21
10 September 2015 0.75 2.23
11 September 2015 0.71 2.20
14 September 2015 0.73 2.18
15 September 2015 0.82 2.28
16 September 2015 0.82 2.30
17 September 2015 0.70 2.21
18 September 2015 0.69 2.13
21 September 2015 0.72 2.20
22 September 2015 0.69 2.14
23 September 2015 0.70 2.16
24 September 2015 0.67 2.13
25 September 2015 0.70 2.17
28 September 2015 0.67 2.10
29 September 2015 0.64 2.05
30 September 2015 0.64 2.06
1 October 2015 0.64 2.05
2 October 2015 0.58 1.99
5 October 2015 0.61 2.07
6 October 2015 0.61 2.05
7 October 2015 0.65 2.08
8 October 2015 0.65 2.12
9 October 2015 0.65 2.12
12 October 2015 ND ND
13 October 2015 0.64 2.06
14 October 2015 0.57 1.99
15 October 2015 0.61 2.04
16 October 2015 0.61 2.04
19 October 2015 0.61 2.04
20 October 2015 0.66 2.08
21 October 2015 0.64 2.04
22 October 2015 0.61 2.04
23 October 2015 0.66 2.09
26 October 2015 0.66 2.07
27 October 2015 0.65 2.05
28 October 2015 0.73 2.10
29 October 2015 0.75 2.19
30 October 2015 0.75 2.16
2 November 2015 0.77 2.20
3 November 2015 0.80 2.23
4 November 2015 0.84 2.25
5 November 2015 0.85 2.26
6 November 2015 0.90 2.34
9 November 2015 0.89 2.36
10 November 2015 0.87 2.32
11 November 2015 ND ND
12 November 2015 0.89 2.32
13 November 2015 0.86 2.28
16 November 2015 0.88 2.27
17 November 2015 0.86 2.25
18 November 2015 0.90 2.27
19 November 2015 0.91 2.24
20 November 2015 0.93 2.26
23 November 2015 0.94 2.25
24 November 2015 0.93 2.24
25 November 2015 0.93 2.23
26 November 2015 ND ND
27 November 2015 0.92 2.22
30 November 2015 0.94 2.21
1 December 2015 0.91 2.15
2 December 2015 0.94 2.18
3 December 2015 0.96 2.33
4 December 2015 0.96 2.28
7 December 2015 0.94 2.23
8 December 2015 0.94 2.24
9 December 2015 0.93 2.22
10 December 2015 0.95 2.24
11 December 2015 0.88 2.13
14 December 2015 0.97 2.23
15 December 2015 0.98 2.28
16 December 2015 1.02 2.30
17 December 2015 1.00 2.24
18 December 2015 0.97 2.19
21 December 2015 0.96 2.20
22 December 2015 0.99 2.24
23 December 2015 1.01 2.27
24 December 2015 1.03 2.25
25 December 2015 ND ND
28 December 2015 1.05 2.24
29 December 2015 1.09 2.32
30 December 2015 1.08 2.31
31 December 2015 1.06 2.27
1 January 2016 ND ND
4 January 2016 1.02 2.24
5 January 2016 1.04 2.25
6 January 2016 0.99 2.18
7 January 2016 0.96 2.16
8 January 2016 0.94 2.13
11 January 2016 0.94 2.17
12 January 2016 0.93 2.12
13 January 2016 0.91 2.08
14 January 2016 0.90 2.10
15 January 2016 0.85 2.03
18 January 2016 ND ND
19 January 2016 0.88 2.06
20 January 2016 0.85 2.01
21 January 2016 0.84 2.02
22 January 2016 0.88 2.07
25 January 2016 0.88 2.03
26 January 2016 0.85 2.01
27 January 2016 0.84 2.02
28 January 2016 0.83 2.00
29 January 2016 0.76 1.94
1 February 2016 0.81 1.97
2 February 2016 0.75 1.87
3 February 2016 0.72 1.88
4 February 2016 0.70 1.87
5 February 2016 0.74 1.86
8 February 2016 0.66 1.75
9 February 2016 0.69 1.74
10 February 2016 0.71 1.71
11 February 2016 0.64 1.63
12 February 2016 0.71 1.74
15 February 2016 ND ND
16 February 2016 0.74 1.78
17 February 2016 0.74 1.81
18 February 2016 0.71 1.75
19 February 2016 0.76 1.76
22 February 2016 0.78 1.77
23 February 2016 0.76 1.74
24 February 2016 0.75 1.75
25 February 2016 0.72 1.71
26 February 2016 0.80 1.76
29 February 2016 0.78 1.74
1 March 2016 0.85 1.83
2 March 2016 0.85 1.84
3 March 2016 0.85 1.83
4 March 2016 0.88 1.88
7 March 2016 0.91 1.91
8 March 2016 0.88 1.83
9 March 2016 0.90 1.90
10 March 2016 0.93 1.93
11 March 2016 0.97 1.98
14 March 2016 0.97 1.97
15 March 2016 0.98 1.97
16 March 2016 0.87 1.94
17 March 2016 0.87 1.91
18 March 2016 0.84 1.88
21 March 2016 0.87 1.92
22 March 2016 0.91 1.94
23 March 2016 0.87 1.88
24 March 2016 0.89 1.91
25 March 2016 ND ND
28 March 2016 0.89 1.89
29 March 2016 0.78 1.81
30 March 2016 0.76 1.83
31 March 2016 0.73 1.78
1 April 2016 0.76 1.79
4 April 2016 0.75 1.78
5 April 2016 0.72 1.73
6 April 2016 0.73 1.76
7 April 2016 0.70 1.70
8 April 2016 0.70 1.72
11 April 2016 0.70 1.73
12 April 2016 0.74 1.79
13 April 2016 0.75 1.77
14 April 2016 0.77 1.80
15 April 2016 0.74 1.76
18 April 2016 0.75 1.78
19 April 2016 0.77 1.79
20 April 2016 0.80 1.85
21 April 2016 0.82 1.88
22 April 2016 0.84 1.89
25 April 2016 0.85 1.91
26 April 2016 0.86 1.94
27 April 2016 0.83 1.87
28 April 2016 0.78 1.84
29 April 2016 0.77 1.83
2 May 2016 0.80 1.88
3 May 2016 0.75 1.81
4 May 2016 0.75 1.79
5 May 2016 0.72 1.76
6 May 2016 0.74 1.79
9 May 2016 0.72 1.77
10 May 2016 0.72 1.77
11 May 2016 0.74 1.73
12 May 2016 0.76 1.75
13 May 2016 0.76 1.71
16 May 2016 0.79 1.75
17 May 2016 0.82 1.76
18 May 2016 0.90 1.87
19 May 2016 0.89 1.85
20 May 2016 0.89 1.85
23 May 2016 0.91 1.84
24 May 2016 0.92 1.86
25 May 2016 0.92 1.87
26 May 2016 0.87 1.83
27 May 2016 0.90 1.85
30 May 2016 ND ND
31 May 2016 0.87 1.84
1 June 2016 0.91 1.85
2 June 2016 0.89 1.81
3 June 2016 0.78 1.71
6 June 2016 0.80 1.73
7 June 2016 0.78 1.72
8 June 2016 0.78 1.71
9 June 2016 0.77 1.68
10 June 2016 0.73 1.64
13 June 2016 0.73 1.62
14 June 2016 0.74 1.62
15 June 2016 0.69 1.60
16 June 2016 0.70 1.57
17 June 2016 0.70 1.62
20 June 2016 0.74 1.67
21 June 2016 0.76 1.71
22 June 2016 0.75 1.69
23 June 2016 0.78 1.74
24 June 2016 0.64 1.57
27 June 2016 0.61 1.46
28 June 2016 0.61 1.46
29 June 2016 0.62 1.50
30 June 2016 0.58 1.49
1 July 2016 0.59 1.46
4 July 2016 ND ND
5 July 2016 0.56 1.37
6 July 2016 0.58 1.38
7 July 2016 0.58 1.40
8 July 2016 0.61 1.37
11 July 2016 0.66 1.43
12 July 2016 0.69 1.53
13 July 2016 0.68 1.48
14 July 2016 0.68 1.53
15 July 2016 0.71 1.60
18 July 2016 0.68 1.59
19 July 2016 0.70 1.56
20 July 2016 0.73 1.59
21 July 2016 0.70 1.57
22 July 2016 0.71 1.57
25 July 2016 0.72 1.58
26 July 2016 0.75 1.57
27 July 2016 0.73 1.52
28 July 2016 0.72 1.52
29 July 2016 0.67 1.46
1 August 2016 0.67 1.51
2 August 2016 0.67 1.55
3 August 2016 0.67 1.55
4 August 2016 0.64 1.51
5 August 2016 0.72 1.59
8 August 2016 0.74 1.59
9 August 2016 0.71 1.55
10 August 2016 0.69 1.50
11 August 2016 0.76 1.57
12 August 2016 0.71 1.51
15 August 2016 0.72 1.55
16 August 2016 0.76 1.57
17 August 2016 0.74 1.56
18 August 2016 0.71 1.53
19 August 2016 0.76 1.58
22 August 2016 0.76 1.55
23 August 2016 0.74 1.55
24 August 2016 0.76 1.56
25 August 2016 0.78 1.58
26 August 2016 0.84 1.62
29 August 2016 0.81 1.57
30 August 2016 0.80 1.57
31 August 2016 0.80 1.58
1 September 2016 0.78 1.57
2 September 2016 0.80 1.60
5 September 2016 ND ND
6 September 2016 0.74 1.55
7 September 2016 0.74 1.54
8 September 2016 0.78 1.61
9 September 2016 0.79 1.67
12 September 2016 0.79 1.68
13 September 2016 0.80 1.73
14 September 2016 0.77 1.70
15 September 2016 0.74 1.71
16 September 2016 0.77 1.70
19 September 2016 0.79 1.70
20 September 2016 0.79 1.69
21 September 2016 0.79 1.66
22 September 2016 0.79 1.63
23 September 2016 0.77 1.62
26 September 2016 0.76 1.59
27 September 2016 0.75 1.56
28 September 2016 0.75 1.57
29 September 2016 0.73 1.56
30 September 2016 0.77 1.60
3 October 2016 0.80 1.63
4 October 2016 0.82 1.69
5 October 2016 0.85 1.72
6 October 2016 0.86 1.75
7 October 2016 0.83 1.73
10 October 2016 ND ND
11 October 2016 0.87 1.77
12 October 2016 0.87 1.79
13 October 2016 0.85 1.75
14 October 2016 0.84 1.80
17 October 2016 0.81 1.77
18 October 2016 0.82 1.75
19 October 2016 0.81 1.76
20 October 2016 0.84 1.76
21 October 2016 0.84 1.74
24 October 2016 0.84 1.77
25 October 2016 0.86 1.77
26 October 2016 0.86 1.79
27 October 2016 0.87 1.85
28 October 2016 0.86 1.86
31 October 2016 0.86 1.84
1 November 2016 0.83 1.83
2 November 2016 0.81 1.81
3 November 2016 0.81 1.82
4 November 2016 0.80 1.79
7 November 2016 0.82 1.83
8 November 2016 0.87 1.88
9 November 2016 0.90 2.07
10 November 2016 0.92 2.15
11 November 2016 ND ND
14 November 2016 1.00 2.23
15 November 2016 1.02 2.23
16 November 2016 1.00 2.22
17 November 2016 1.04 2.29
18 November 2016 1.07 2.34
21 November 2016 1.08 2.33
22 November 2016 1.07 2.31
23 November 2016 1.12 2.36
24 November 2016 ND ND
25 November 2016 1.12 2.36
28 November 2016 1.11 2.32
29 November 2016 1.09 2.30
30 November 2016 1.11 2.37
1 December 2016 1.14 2.45
2 December 2016 1.11 2.40
5 December 2016 1.13 2.39
6 December 2016 1.12 2.39
7 December 2016 1.10 2.34
8 December 2016 1.12 2.40
9 December 2016 1.15 2.47
12 December 2016 1.15 2.49
13 December 2016 1.17 2.48
14 December 2016 1.27 2.54
15 December 2016 1.29 2.60
16 December 2016 1.28 2.60
19 December 2016 1.24 2.54
20 December 2016 1.25 2.57
21 December 2016 1.21 2.55
22 December 2016 1.22 2.55
23 December 2016 1.22 2.55
26 December 2016 ND ND
27 December 2016 1.28 2.57
28 December 2016 1.26 2.51
29 December 2016 1.22 2.49
30 December 2016 1.20 2.45
2 January 2017 ND ND
3 January 2017 1.22 2.45
4 January 2017 1.24 2.46
5 January 2017 1.17 2.37
6 January 2017 1.22 2.42
9 January 2017 1.21 2.38
10 January 2017 1.19 2.38
11 January 2017 1.20 2.38
12 January 2017 1.18 2.36
13 January 2017 1.21 2.40
16 January 2017 ND ND
17 January 2017 1.17 2.33
18 January 2017 1.23 2.42
19 January 2017 1.25 2.47
20 January 2017 1.20 2.48
23 January 2017 1.16 2.41
24 January 2017 1.21 2.47
25 January 2017 1.23 2.53
26 January 2017 1.21 2.51
27 January 2017 1.22 2.49
30 January 2017 1.22 2.49
31 January 2017 1.19 2.45
1 February 2017 1.22 2.48
2 February 2017 1.21 2.48
3 February 2017 1.21 2.49
6 February 2017 1.16 2.42
7 February 2017 1.16 2.40
8 February 2017 1.15 2.34
9 February 2017 1.20 2.40

Note: The 2-year and 10-year Treasury rates are the constant-maturity yields based on the most actively traded securities.

Source: Department of the Treasury.

Return to text

Figure 44. Federal Reserve assets and liabilities

Assets
Weekly

Values for each component are in billions of dollars; charted totals are in trillions of dollars

Period Treasury securities
held outright
Agency debt and
mortgage-backed
securities holdings
Credit and
liquidity facilities
Other assets Sum
2 January 2008 740.63 0.00 68.92 112.64 922.19
9 January 2008 728.20 0.00 65.02 87.54 880.75
16 January 2008 728.26 0.00 69.57 95.76 893.58
23 January 2008 723.31 0.00 74.02 79.92 877.25
30 January 2008 718.37 0.00 74.05 107.85 900.26
6 February 2008 713.38 0.00 84.46 73.19 871.02
13 February 2008 713.37 0.00 84.04 85.60 883.00
20 February 2008 713.36 0.00 71.37 94.22 878.95
27 February 2008 713.36 0.00 70.69 109.78 893.83
5 March 2008 713.39 0.00 60.04 107.78 881.21
12 March 2008 703.44 0.00 60.03 133.10 896.56
19 March 2008 660.48 0.00 108.93 119.24 888.65
26 March 2008 612.31 0.00 117.61 164.05 893.97
2 April 2008 581.24 0.00 165.80 136.67 883.71
9 April 2008 560.11 0.00 154.84 178.08 893.03
16 April 2008 548.63 0.00 170.51 162.76 881.90
23 April 2008 548.66 0.00 168.04 169.08 885.78
30 April 2008 548.69 0.00 165.76 173.68 888.13
7 May 2008 536.71 0.00 163.79 188.72 889.23
14 May 2008 515.66 0.00 204.90 159.61 880.18
21 May 2008 502.86 0.00 205.87 189.75 898.49
28 May 2008 491.09 0.00 241.22 171.74 904.05
4 June 2008 486.94 0.00 232.79 176.21 895.94
11 June 2008 482.07 0.00 234.04 174.50 890.61
18 June 2008 478.73 0.00 233.89 189.68 902.30
25 June 2008 478.80 0.00 227.40 186.51 892.71
2 July 2008 478.87 0.00 253.81 170.28 902.96
9 July 2008 478.95 0.00 254.28 164.81 898.03
16 July 2008 479.04 0.00 257.21 174.43 910.68
23 July 2008 479.12 0.00 258.89 161.66 899.66
30 July 2008 479.21 0.00 258.48 180.94 918.63
6 August 2008 479.33 0.00 258.64 163.74 901.71
13 August 2008 479.43 0.00 258.83 176.37 914.63
20 August 2008 479.54 0.00 264.77 154.30 898.61
27 August 2008 479.64 0.00 265.25 165.09 909.98
3 September 2008 479.73 0.00 260.38 165.15 905.25
10 September 2008 479.78 0.00 264.88 181.06 925.72
17 September 2008 479.84 0.00 362.66 152.59 995.09
24 September 2008 476.58 10.00 583.65 141.60 1211.83
1 October 2008 476.62 14.50 874.40 138.47 1503.99
8 October 2008 476.58 14.11 944.54 156.37 1591.59
15 October 2008 476.55 14.11 1140.87 139.28 1770.81
22 October 2008 476.51 14.11 1175.21 136.78 1802.60
29 October 2008 476.47 13.62 1341.64 137.35 1969.09
5 November 2008 476.46 13.24 1446.42 138.10 2074.21
12 November 2008 476.44 12.97 1585.33 138.11 2212.85
19 November 2008 476.43 12.50 1563.89 134.32 2187.14
26 November 2008 476.41 12.22 1483.21 134.28 2106.12
3 December 2008 476.35 11.57 1514.22 134.77 2136.92
10 December 2008 476.25 15.81 1622.55 135.40 2250.01
17 December 2008 476.14 17.62 1623.08 138.15 2254.98
24 December 2008 476.01 20.88 1596.47 138.95 2232.31
31 December 2008 475.92 19.71 1605.85 137.98 2239.46
7 January 2009 475.72 19.26 1508.61 117.85 2121.44
14 January 2009 475.51 29.79 1445.63 98.78 2049.71
21 January 2009 475.32 30.15 1452.64 79.01 2037.11
28 January 2009 475.13 35.74 1356.38 59.84 1927.08
4 February 2009 474.98 37.29 1280.36 58.80 1851.44
11 February 2009 474.87 39.53 1269.91 59.09 1843.40
18 February 2009 474.76 98.87 1283.96 57.97 1915.56
25 February 2009 474.64 107.08 1276.22 58.17 1916.12
4 March 2009 474.62 107.14 1262.55 57.00 1901.32
11 March 2009 474.66 113.39 1253.34 58.13 1899.51
18 March 2009 474.70 284.76 1245.94 61.54 2066.94
25 March 2009 474.75 286.55 1246.29 63.97 2071.56
1 April 2009 492.33 290.25 1231.40 64.96 2078.94
8 April 2009 508.41 292.94 1219.10 68.12 2088.57
15 April 2009 526.10 417.08 1171.06 72.26 2186.50
22 April 2009 534.97 432.10 1156.24 73.50 2196.81
29 April 2009 549.05 434.31 1008.69 74.66 2066.71
6 May 2009 560.60 437.29 1004.43 77.44 2079.76
13 May 2009 577.09 504.50 1033.08 81.68 2196.35
20 May 2009 583.27 508.15 1009.59 80.62 2181.63
27 May 2009 600.14 507.30 889.50 83.17 2080.12
3 June 2009 606.17 509.60 877.70 84.23 2077.70
10 June 2009 628.69 513.79 825.07 84.76 2052.30
17 June 2009 638.67 545.73 802.15 85.98 2072.53
24 June 2009 653.19 563.85 720.93 87.59 2025.57
1 July 2009 663.47 560.27 693.31 88.57 2005.63
8 July 2009 673.50 560.28 668.70 90.26 1992.74
15 July 2009 684.03 628.12 670.22 90.08 2072.45
22 July 2009 692.73 648.15 606.85 91.28 2039.00
29 July 2009 695.76 648.80 564.70 91.29 2000.55
5 August 2009 705.33 650.95 539.17 93.75 1989.20
12 August 2009 728.97 652.89 537.71 95.33 2014.90
19 August 2009 736.09 721.32 511.95 91.28 2060.64
26 August 2009 744.88 740.26 497.98 91.79 2074.90
2 September 2009 752.84 744.59 493.58 92.71 2083.72
9 September 2009 757.77 748.39 487.07 94.71 2087.95
16 September 2009 759.80 810.21 473.31 96.45 2139.78
23 September 2009 765.63 822.80 468.97 101.23 2158.63
30 September 2009 769.16 823.54 448.07 100.25 2141.02
7 October 2009 769.19 826.10 441.40 101.40 2138.09
14 October 2009 773.46 899.37 411.98 107.97 2192.79
21 October 2009 773.49 916.71 405.07 105.85 2201.12
28 October 2009 774.56 915.67 365.83 105.48 2161.54
4 November 2009 776.51 921.35 361.14 106.06 2165.07
11 November 2009 776.52 925.25 325.62 107.65 2135.04
18 November 2009 776.53 1000.09 326.61 105.50 2208.72
25 November 2009 776.54 1007.19 316.88 105.76 2206.36
2 December 2009 776.54 1007.24 314.46 105.83 2204.07
9 December 2009 776.55 1010.46 290.61 108.76 2186.38
16 December 2009 776.56 1058.92 290.62 109.66 2235.76
23 December 2009 776.58 1070.31 278.34 110.58 2235.80
30 December 2009 776.59 1068.14 280.28 109.06 2234.07
6 January 2010 776.60 1068.62 280.65 109.45 2235.30
13 January 2010 776.60 1129.42 271.62 114.06 2291.70
20 January 2010 776.61 1133.10 229.88 112.21 2251.81
27 January 2010 776.62 1133.40 225.46 111.41 2246.89
3 February 2010 776.61 1134.99 225.91 111.80 2249.32
10 February 2010 776.59 1141.81 224.52 113.75 2256.68
17 February 2010 776.57 1191.13 201.45 108.43 2277.57
24 February 2010 776.55 1199.09 199.77 110.72 2286.13
3 March 2010 776.55 1194.34 199.90 109.35 2280.15
10 March 2010 776.59 1198.18 197.17 110.53 2282.47
17 March 2010 776.63 1233.93 186.52 110.92 2308.00
24 March 2010 776.67 1241.29 183.75 111.45 2313.15
31 March 2010 776.70 1237.69 182.65 110.11 2307.15
7 April 2010 776.71 1237.72 181.86 111.28 2307.58
14 April 2010 776.71 1270.78 177.70 114.16 2339.35
21 April 2010 776.71 1270.83 176.92 113.09 2337.56
28 April 2010 776.72 1265.32 176.99 111.44 2330.47
5 May 2010 776.75 1265.53 171.60 112.29 2326.16
12 May 2010 776.79 1266.47 179.16 113.68 2336.10
19 May 2010 776.83 1287.06 178.45 108.54 2350.89
26 May 2010 776.88 1280.29 169.69 107.19 2334.04
2 June 2010 776.91 1280.33 171.25 107.72 2336.22
9 June 2010 776.93 1280.39 165.18 109.03 2331.53
16 June 2010 776.95 1293.80 164.31 109.25 2344.32
23 June 2010 776.97 1294.27 162.86 110.39 2344.50
30 June 2010 776.99 1282.89 162.78 108.19 2330.85
7 July 2010 777.00 1283.05 161.41 110.56 2332.02
14 July 2010 777.00 1290.67 161.13 111.91 2340.72
21 July 2010 777.01 1283.97 160.18 111.16 2332.32
28 July 2010 777.02 1276.86 160.82 110.60 2325.30
4 August 2010 777.02 1277.12 160.49 111.85 2326.48
11 August 2010 777.01 1278.84 158.47 113.21 2327.53
18 August 2010 779.55 1270.23 156.90 106.98 2313.66
25 August 2010 784.50 1259.67 151.08 105.77 2301.02
1 September 2010 786.28 1259.67 148.80 107.24 2302.00
8 September 2010 789.89 1259.67 147.19 109.05 2305.80
15 September 2010 794.65 1246.75 146.24 108.44 2296.08
22 September 2010 805.11 1245.98 144.95 111.13 2307.17
29 September 2010 811.67 1232.64 143.55 110.83 2298.69
6 October 2010 819.07 1232.64 143.17 113.21 2308.09
13 October 2010 821.16 1230.72 143.08 114.92 2309.88
20 October 2010 832.12 1216.49 141.92 114.70 2305.23
27 October 2010 837.85 1200.72 142.78 114.05 2295.39
3 November 2010 842.01 1200.72 142.49 115.13 2300.35
10 November 2010 853.04 1200.72 141.54 117.47 2312.77
17 November 2010 873.62 1187.27 140.90 112.97 2314.76
24 November 2010 901.24 1185.98 140.63 118.15 2346.00
1 December 2010 917.45 1170.83 140.90 117.73 2346.92
8 December 2010 949.61 1170.83 139.56 122.29 2382.29
15 December 2010 967.55 1156.73 138.70 122.78 2385.75
22 December 2010 1007.24 1155.86 138.11 126.72 2427.92
29 December 2010 1016.10 1139.60 138.19 126.67 2420.57
5 January 2011 1030.98 1139.60 137.89 127.59 2436.06
12 January 2011 1062.06 1138.47 137.31 130.29 2468.13
19 January 2011 1079.58 1126.04 89.20 130.35 2425.16
26 January 2011 1114.45 1109.70 88.89 130.49 2443.53
2 February 2011 1138.17 1109.70 88.83 132.73 2469.42
9 February 2011 1167.09 1109.70 88.50 135.19 2500.48
16 February 2011 1190.34 1102.81 87.72 127.99 2508.87
23 February 2011 1213.43 1102.32 86.70 130.78 2533.22
2 March 2011 1236.26 1092.18 85.94 130.74 2545.12
9 March 2011 1266.07 1092.18 85.83 133.00 2577.08
16 March 2011 1280.39 1084.10 85.02 133.55 2583.05
23 March 2011 1305.24 1076.34 84.64 135.12 2601.34
30 March 2011 1333.44 1069.65 84.43 135.00 2622.52
6 April 2011 1358.21 1069.65 83.65 137.17 2648.68
13 April 2011 1374.69 1068.04 83.08 139.59 2665.41
20 April 2011 1402.49 1061.68 81.56 140.04 2685.78
27 April 2011 1413.47 1053.21 83.40 140.91 2690.98
4 May 2011 1441.86 1052.14 81.39 143.37 2718.76
11 May 2011 1466.21 1052.14 80.58 145.56 2744.50
18 May 2011 1495.17 1044.34 79.49 139.02 2758.01
25 May 2011 1519.33 1036.95 78.88 139.84 2775.00
1 June 2011 1532.24 1036.95 78.40 141.14 2788.72
8 June 2011 1554.66 1036.95 75.72 143.88 2811.21
15 June 2011 1575.94 1032.87 74.48 144.26 2827.55
22 June 2011 1601.96 1032.69 74.34 147.41 2856.40
29 June 2011 1617.06 1025.56 74.23 148.40 2865.25
6 July 2011 1624.51 1023.92 72.95 148.72 2870.10
13 July 2011 1630.41 1023.92 72.99 150.75 2878.07
20 July 2011 1634.09 1018.22 69.01 149.98 2871.30
27 July 2011 1638.16 1009.72 65.23 150.46 2863.58
3 August 2011 1640.92 1009.72 65.13 151.45 2867.21
10 August 2011 1644.74 1009.72 65.19 152.77 2872.42
17 August 2011 1647.63 1003.23 62.43 144.62 2857.91
24 August 2011 1648.44 1002.13 62.57 146.30 2859.43
31 August 2011 1652.11 994.72 62.15 144.91 2853.89
7 September 2011 1655.60 994.72 62.06 146.28 2858.66
14 September 2011 1658.96 994.72 62.10 147.76 2863.54
21 September 2011 1663.10 987.51 59.41 147.72 2857.75
28 September 2011 1664.65 979.15 59.42 147.69 2850.92
5 October 2011 1671.78 979.15 59.25 149.51 2859.70
12 October 2011 1668.77 979.15 59.32 153.58 2860.82
19 October 2011 1670.26 969.74 57.69 154.70 2852.39
26 October 2011 1678.01 956.93 54.07 156.68 2845.68
2 November 2011 1654.19 956.93 53.82 157.09 2822.03
9 November 2011 1668.11 956.93 53.83 160.92 2839.79
16 November 2011 1675.84 949.48 51.42 154.84 2831.58
23 November 2011 1664.80 947.51 50.86 158.81 2821.98
30 November 2011 1672.04 932.96 50.88 158.36 2814.23
7 December 2011 1675.03 932.96 50.52 162.18 2820.69
14 December 2011 1673.47 963.99 98.89 166.13 2902.49
21 December 2011 1684.25 956.42 107.14 168.28 2916.09
28 December 2011 1672.09 941.29 143.96 168.75 2926.09
4 January 2012 1663.44 941.73 143.78 168.74 2917.69
11 January 2012 1650.84 942.68 135.16 170.48 2899.15
18 January 2012 1651.51 948.93 146.46 172.52 2919.42
25 January 2012 1661.53 937.12 146.34 174.55 2919.55
1 February 2012 1662.46 937.51 147.62 177.36 2924.95
8 February 2012 1660.69 937.53 149.27 180.79 2928.27
15 February 2012 1667.07 949.30 148.68 172.83 2937.89
22 February 2012 1656.58 953.86 147.24 175.13 2932.81
29 February 2012 1661.60 941.61 147.52 174.99 2925.72
7 March 2012 1659.28 940.60 107.45 177.42 2884.75
14 March 2012 1659.77 953.69 99.51 180.59 2893.56
21 March 2012 1663.48 950.25 96.61 182.30 2892.65
28 March 2012 1664.91 933.26 95.85 184.11 2878.14
4 April 2012 1669.37 933.27 77.35 185.49 2865.48
11 April 2012 1681.09 933.27 63.40 189.44 2867.20
18 April 2012 1672.14 950.56 61.51 191.26 2875.47
25 April 2012 1667.77 942.37 63.38 193.05 2866.56
2 May 2012 1667.63 942.39 59.30 194.96 2864.28
9 May 2012 1665.94 942.40 58.49 197.33 2864.15
16 May 2012 1656.79 952.39 52.67 189.12 2850.98
23 May 2012 1656.82 958.24 52.14 192.29 2859.50
30 May 2012 1656.67 945.00 47.67 193.31 2842.65
6 June 2012 1664.29 945.01 47.78 194.94 2852.02
13 June 2012 1660.16 961.19 48.91 198.82 2869.07
20 June 2012 1663.58 959.52 45.23 202.51 2870.85
27 June 2012 1666.53 946.46 47.79 202.76 2863.55
4 July 2012 1666.37 946.5