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Home > Releases > Cleveland Financial Stress Index > Cleveland Financial Stress Index (CFSI)

Cleveland Financial Stress Index (CFSI)

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Type: Line | Bar Size: Medium | Large | X-Large
Range: 1yr 5yrs 10yrs Max Log Scale: Left
Units:  Levels | Chg. | Chg. from Yr. Ago | % Chg. | % Chg. from Yr. Ago | Comp. Annual Rate of Chg. | Cont. Comp. Rate of Chg. | Cont. Comp. Annual Rate of Chg.
Notes: Growth Rate Calculations | US recession dates
  Real-Time Period
Title Start     End     

Cleveland Financial Stress Index 2014-02-17 Current
 
Source    

Federal Reserve Bank of Cleveland 2014-02-17 Current
 
Release    

Cleveland Financial Stress Index 2014-02-17 Current
 
Units    

Z-score 2014-02-17 Current
 
Frequency    

Daily, Seven Day 2014-02-17 Current
 
Seasonal Adjustment    

Not Seasonally Adjusted 2014-02-17 Current
 
Notes    

The CFSI is designed to track distress in the US financial system on a continuous basis giving the financial-system supervisors the ability to monitor stressful episodes as they are building in the economy. Such early detection is important because financial stress can quickly be amplified when stress is occurring in more than one market. The CFSI tracks stress in six types of markets: credit markets, equity markets, foreign exchange markets, funding markets (interbank markets), real estate markets, and securitization markets. The CFSI is a coincident indicator of systemic stress, where a high value of CFSI indicates high systemic financial stress. Units of CFSI are expressed as standardized differences from the mean (z-scores).

The CFSI data for weekends and holidays is extrapolated.

To interpret the stress continuum, CFSI is first divided it into four levels or grades. The grade thresholds are dynamic and move slowly over time. The four grades are:

Grade Description Range
Grade 1 Low stress period CFSI < -0.733
Grade 2 Normal stress period -0.733 ≥ CFSI < 0.544
Grade 3 Moderate stress period 0.544 ≥ CFSI < 1.82
Grade 4 Significant stress period CFSI ≥ 1.82

2014-02-17 Current
 

Related Categories

Money, Banking, & Finance > Financial Indicators > Financial Activity Measures


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