## figure3-1

## Source details

**Canonical URL:** [figure3-1](https://www.imf.org/-/media/files/publications/gfsr/2017/april/figure3-1.pdf)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2017/april/figure3-1.pdf.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2017/april/figure3-1.pdf.json)

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### Overview
- Title shown on figure: "Figure 3.1. United States: Financial Conditions Indices, 1991–2016 (Standard deviations)"
- Time axis ticks shown: "Jan. 1991", "Jun. 92", "Nov. 93", "Apr. 95", "Sep. 96", "Feb. 98", "Jul. 99", "Dec. 2000", "May 02", "Oct. 03", "Mar. 05", "Aug. 06", "Jan. 08", "Jun. 09", "Nov. 10", "Apr. 12", "Sep. 13", "Feb. 15", "Jul. 16"
- Vertical axis values shown: "–2", "–1", "0", "1", "2", "3", "4", "5", "6", "7"

### Indices and labeling
- Indices identified in the figure:
  - "IMF FSIFCI"
  - "Chicago Fed FCI"
  - "Kansas City Fed FSIFCI"
- Legend note: "FCI = financial conditions index; Fed = Federal Reserve Bank; FSI = financial stress index."

### Data interpretation and note
- Observation from figure: "Estimated U.S. financial conditions seem to reflect key financial events well."
- Note text reproduced exactly:
  - "Higher values indicate tighter-than-average financial conditions. The IMF FSI aims to identify episodes of acute financial stress, when financial intermediation is impaired, similar to the Kansas City Fed FSI. The Chicago Fed FCI summarizes U.S. financial conditions in money markets and debt and equity markets and in the traditional and shadow banking systems (see Box 3.1 for details). FCI = financial conditions index; Fed = Federal Reserve Bank; FSI = financial stress index."

### Sources shown on figure
- "Federal Reserve Bank of Chicago; Federal Reserve Bank of Kansas City; IMF, Global Data Source database; and IMF staff estimates."

*Figure: figure3-1, IMF staff.*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2017/april/figure3-1.pdf_