Full text of H.6 Money Stock Measures : January 24, 1985

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FEDERAL RESERVE statistical release

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»

H.6(508)
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

JaNOlEI 24, 1985

Billion* of dollars
M1
Sum of currency.
trawlers checks.
demand deposits and
other checkable deposit*1

0e»

M3
M2
M1 plus overnight RPt
M2plus
larga time deposits,
and Eurodollars,
MMMF balancas (gen. pur. term RPs, term Eurodollars
and institution-only
and broker/dealer), MMDAs,
MMMF balancas*
and savings and small
tlma deposits*
Seasonally adjusted

L

Debt

M3plue other
liquid assets4

Debt of domestic
nonftnancial sectors*

1983—DEC.

525.4

2196.3

2710.4

3183.1

5224.6

1984—JAN.

530*1
533. C
535.3
535.5
541.2
546.3
545.8
546.6
548.9
545.5
549.4
554.5

2206.8
2222.6
2230.0
2242.9
2258.6
2272.1
2281.9
2291.0
2305.6
2317.3
2346.4
2376.1

2723. 1
2746.2
2767.1
2792.1
2819.1
2841.6
2862.6
2873.5
2891.3
2916.4
2954.2
2988.2

3198.3
3227.9
3269.8
3296.1
3328*6
3372.9
3410.7
3432.4
3455.6

5262.8
5341.7
53S6.7
5455.9
5517.7
5571.7
5632.4
5694.5
5743.1
5798.9
5811.6

1983—DEC.

537.9

2198.1

2716.5

3187.1

5218.5

1984—JAM.
FEB.
HAS.
APR.

535.0
522.0
528.2
543.3
535.0
545.6
547.5
542.7
546.3
545.9
553.4
567.9

2210.6
2212.4
2231.0
2254.7
2253.5
2273.9
2287.0
2288.4
2299.2
2316.5
2344.8
2377.6

2729.0
2738.9
2768.3
2600.7
2814.4
2840.2
2861.5
2871.6
2885.6
2914.5
2955.2
2994.7

3209.7
3229.4
3276-2
3307.6
3324.4
3368.9
3402.6
3421.9
3443.8

5276.0
5322.5
5373.1
5430.1
5491.8
5550.9
5613.2
5676.3
5731.9
57S1.8
5861.8

FBB.
flAB.
APR.
HAI
JOKE
JULY
AOG.
SEPT.
OCT.
NOV.
DEC.

HAT

JOIB
JDLI
AOG.
SEPT.
OCT.
MOV.
DSC

M1
Foe period ended

Not seasonally adjusted

Seasonally adjusted
t average

10
17
24
31

548.0
547.8
548.0
548.9
549.6

549.9
551.3
550.9
551.8
554.3

547.3
551.2
550.9
557.8
557,4

548.9
549.4
550.5
553.0
555.7

553.6
555.9
557.ST
562.8
568.5

553,5
564.4
564.9
566.3
576.2

7P
14 P

550.7
551.4

556.4
557.9

559.6
556.8

558.5

574.4
576.4

566.0
573. 1

1984-DEC.

1985-JAN.

VOTE:

1

3

560.0

SPECIAL CAUTION SHOULD BE TAKE! II INTERPRETING UEEI-TO-HEEK CHANGES II HONEI SUfPLX DAIA, WHICH Aa£
HIGHLY VOLATILE AND SUBJECT TO REVISION.
P—INDICATES PRELIBINARI DATA.
FOOTNOTES APPEAR ON TBE FOLLOWING PAG£




H.6 (508)
Table 2

MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES
Percent change at Maaonally adjusted annual rate*

M1

M2
12.2

M3

Debt 1

3 MONTHS FROM S E P ? .

1 9 8 4 1 0 DEC.

1964

4.1

6 MONTHS FBOII JUNE

1 9 8 4 TO DEC.

1984

3.0

9.2

10-3

12.8

12 MONTHS FROM DEC.

1 9 8 3 TO DEC.

1984

5.5

8.2

10.2

13.4

13.4

THIRTEEN MEEKS ENDING JAN. 1 4 , 1985
FfiOa THIRTEEN HfiEKS ENDING:

1/

1/

2/

3/

4/
5/

OCT.

15,

1984

( 1 3 HEEKS PREVIOUS)

3.2

JULY

16,

1984

( 2 6 IEEKS PREYIOUS)

3.1

JAN.

16,

1984

( 5 2 WEEKS PRSYIOOS)

5.0

GROWTH RATES FOR DEJsT ARE BASED ON PERIODS BEGINNING AND ENDING ONE MONTR EkBLlEB THAN FOR 1HE MONETARY AGGREGATES,
NAMELY, AUGUST 1984 TO NOVEMBER 1984, MAT 1964 TO NOVEMBER 1984, AND NOVEMBER 1983 TO NOV£M£ER 1984, IESPECTIt£LY.
FOOTNOTES TO 1AELE 1
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF COMMERCIAL BAAKS;
(2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER ifiAN THGSi DUE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL INSIJ1UTIONS LESS CASH H E M S IK TIE PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE QBDEM
OF WITHDRAWAL (MOM) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPCSITCRY INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTI1UTICDS. THE CURRENCY AND DEMANC
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, H£LD £Y
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF Ml PLUS OVERNIGHT (AND CONTINUING CONTRACT) EPS ISSUED BY ALL COMMERCIAL BANKS AND OVIRNIGBI EURODOLLARS
ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS BORLDSIDE, MMCAS, SAVINGS AND SMALL OBNOMIaAlION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL RPS—IN AMOUNTS OF LESS THAN £100,000}, ANC £ALANC£S IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BflOKEfi/DEALEfi MONEY MARKET .MUTUAL FUNDS. EXCLUDES IRA AND BEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND MONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. CCHMERCIAL
BANKS, HONEY MARKET FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND CCMM£RCIAL EAJiXS, AND
THE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF H2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OR MORE) AND TERM B£ LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TEEM EURODOLLARS HELD BY UmS. RESIDENTS AT FOREIGN B&ANC&ES OF U.S. BJKKS
WORLDWIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AID BALANCES IN £OTH TAXABLE AID IAX-EX£HPI
INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, MONEY
MARKET FUHDS0 AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSXBEMT THAT R£ER£S£NTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS.
CONSISTS OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHOBT-IERH TREASURE S£CUBITI£S, COMM£RCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF MCNEY MARKET MUTUAL FUND HOLDINGS Cf THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARK£T DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE C££T CONSISTS OF CORPORATE £0ft£S, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAP£fc, £ANK£RS ACCEPTANCES AN£ CTH£fi CE£I
INSTRUMENTS. THE DATA ARE DEfilV.ED FROM THE FEDERAL RESERVE BOARD'S FLOW CF ttihtS ACCOUNTS. ALL DATA CM DEBT CF CCfiFSIIC
NONFINANCIAL SECTORS ABE PRESENTED IN MCNTH-AVEKAGE FORM, DERIVED BY AVEEAGING MONTH-END LEVELS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IN THE UNDERLYING FLOW OF FUNDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FROM T££ QUARTERLY FLO* OF FUNDS STATISTICS CONTAINED IK
IN THE FEDERAL RESERVE RELEASES 2.7 AND Z.I. IN THOSE RELEASES, PUBLISHED LEVELS OF CBEDIT HABK£T DEE? ARE HEASU£E£ ON A
A QUARTER-END BASIS AND INCLUDE DISCONTINUITIES. '




M6 0O*
I)

COMPONENTS OF THE MONEY STOCK
•Mllont of **m% MitomMy rtjuUrt

Cuntney*

1983~DBC.

148.0

4.9

243.7

128.9

1670.9

514. 1

134.6

178.2

J12.9

353. 1

440.0

#93. l

1984-JAN.
FEB.
BAB*

149.9
150.2
150.9

4.9
5.0
5.0

244.5
243.8
244.0

130.8
134.0
135.4

1676.7
1689.6
1694.8

516.3
523.6
537.0

132.1
130.1
128.9

177.7
176.5
176.6

309.9
306.6
305.5

352.9
352.8
353.5

444.1
448.1
449.9

797.0
800.9
803.4

226.8
227.9
232.4

U6.3
112.0
115.5

333.0
339.9
347.9

APS,
BAT
JUBB

151.8
152.9
154.2

5.1
5.1
5.1

245.3
245.2
248.2

133.3
138.0
138.8

1707.4
1717.4
1725.7

549.2
560.5
569.5

128.6
128.2
128.0

176.9
177.3
177.1

305.5
305.5
305.1

356.0
360.5
365.7

452.4
456.1
463.3

808.3
816.7
82S.0

236.0
243.4
249.4

119.5
123.8
129.4

355.5
367.3
378.8

JOLI
AUG.
SEPT.

155.0
156.0
156.7

5.2
5.2
5.1

247.1
245.5
246.4

138.5
139.9
140.7

1736.1
1744.3
1756.8

580.7
582.5
585.7

127.4
126.3
125.9

175.6
173.4
172.9

303.0
299.7
298.8

371.8
377.8
382.2

473.3
464.1
492.2

645.2
862.0
874.4

254.8
255.2
^57.7

134.2
136.7
135.1

389.0
391.9
392.8

OCT.

157.2
157.5
158.0

5.0
5.1
5.2

243.8
245.7
2418.3

139.6
141.1
142.9

1771.8
1796.9
1821.7

599.1
607.8
612*1

125.2
124.7
123.6

172.1
171.4
170.8

297.3
296.1
294.3

384.4
386.0
387.7

500.6
505.6
509.5

885.0
891.6
897.1

262.3
261*0
260.9

138.1
143.3
148.8

401.0
404.4
409.8

NOf.
DEC.

MEEK

19841
DEC.

198 5
JAB.

1/
2/
3/

4/

5/
6/
7/
8/
9/
10/




1GQ.4

ENDING

3
10
17
24
31

157.2
157.3
157.5
158.1
159.0

244.3
245.9
246.4
249.8
251.0

140.7
142.8
141.8
144.6
142.2

124.4
124.4
123.8
122.9
122.7

387.6
388.3
388.1
387.2
386.4

258.0
261.6
259.5
262.1
262.5

7 P
14 P

159.2
159.1

250.7
247.9

144.5
144.7

122.6
121.5

366.3
384.6

259.7
260.8

CUBflEHCI OUTSIDE THE U.S. TBEASUBY, FEDEBAL BESEBVE BANKS AMD VAULTS OF COMAEBCIAL BANKS. BXCIUDJS IHB ESIIBAIEI)
ABOUNT OF VAOLT CASH HELD BY THRIFT INSTITUTIONS TO SEfiVICE THEIB OCD L1AB1I11IES.
OUTSTANDING AMOUNT OF U.S. DOLLAB-DENOMINATBD TBAVELEBS CHECKS OF NGNBANK ISSUEBS. TBAYELBBS CHECKS ISSUED El DEfCSIZCBX
INSTITUTIONS ABE INCLUDED IN DEMAND DEECSITS.
DEMAND DEPOSITS AT COMBEBCIAL BANKS AND FOREIGN BELATBD INSTITUTIONS OTfiEfi THAN THOSE DUE 10 DOMESTIC BANKS, THE U.S.. GOVEBttBENT AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEBS IN THE PROCESS OF COLLECTION AND FitEBAL BBSEBVE fIOAI.
EXCLUDES THE ESTIMATED ABOUNT OF DEMAND DEPOSITS HELD AT COMMEBC1AL BANKS EY 1UBIFT INSII10IIONS SO SEBIlCi 1UEIB CCA
LIABILITIES.
CONSISTS OF NOU AND ATS BALANCES AT ALL DEPOSITOBI INSTITUTIONS, CBEDIT UNION SBABE DfiAFl BALANCES AkD
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHBfi CHECKABLE DEPOSIIS SEASONALLY ADJUSTED EQUALS THE DIfiEB£NC£ EilUkhh THE
SEASONALLY ADJOSTED SUB OF DEBAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDE! ABE ALL CillliG
FBEB "SUPEB NOUS," AUTHOBIZED BY THE DEPOSITORY INSTITUTIONS DEBEGOLATXCk CCBBITIEE 10 IE CFFEBEC BEGINNING JANUAiX 5,
1983.
SUM OF OVEBNIGHT BPS AND OVEBNIGHT EUBODOLLABS, BONEY HAflKET FUND BALANCES (GEBEBAL PUBPOSE AND £BOKiB/DEALEB),
MMDAS, AND SAVINGS AND SHALL TIBE DEPOSITS, LESS THE CONSOLIDATION ADJOS1MEN1 1HAT BEPBESEN1S 1HE ES1IBA1ED ABOUN1 CH
DEMAND DEPOSITS AND VAULT CASH HELD BY THBIFT INSTITUTIONS TO SEfiVICE itiElU llflE AND SAVINGS DEPOSITS LIAiilllllES.
SUM Of LARGE TIME DEPOSITS, TEBM BPS AND TEBM EUBODOLLABS OF U.S. EESIDiHIS, MONLY BABKE1 EUND BALANCES (1US111U11CUONLY), LESS A CONSOLIDATION ADJUSTMENT THAT BEPBES&NTS THE ESTIBATED AMCUkl Of OVEBNIGH1 BPS AND EUBCDCLLABS UlLZ It
INSTITUTION-ONLY MONEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE HHDAS.
.SMALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL E P S — ABE THOSE ISSUED IN AMOUNTS Cf LESS IHAfc $1C0*0U0. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMEBCIAL BANKS AkD IHBIflS ABE SUfclfilCltC FfeCM SBALX
TIME DEPOSITS.
LAUGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,OGC CB MCBE, EXCLUDING THOSE BCCKED AT
INTERNATIONAL BANKING (ACUITIES.
LAlu;E DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY BONEY MARK ill MUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOREIGN EANKS AND OFFICIAL INSIIIU1IONS.

H.6 (506)
Table 4

COMPONENTS OF LIQUID ASSETS AND DEBT
Billions of dollars, seasonally adjusted

Date

2/
3/
4/

Non-M3 components of L
bankars acceptances*
short-term trtasury
stcuritiM1

commercial paper*

Debt components4
federal debt
non-federal debt

1983-NOV.
DEC.

70.8
71.0

217.2
223.3

42.9
43.3

124.7
135.2

1163.6
1173. I

4006.9
4051.6

19 8 4 - J A N .
FEB.
MAR.

71.2
71.7
72.2

226.3
231.2
245.2

42.7
41.6
42.4

134.9
137.3
142.9

1192.2
1216.2
1224.9

4090.6
4125.5
4171,8

APR.
HAT
JUNE

72.5
72.8
73.0

241.4
239.9
254.4

43.1
45.3
46.9

146.9
151.4
157.1

1236.5
1252.2
1259.9

4219.4
4265.4
4311.8

JOLT
AUG.
SEPT.

73.2
73-»
73.6

267.4
276.8
286.3

47.3
47.3
46.2

160.2
161.4
158.2

1276.8
1300. S
1310.9

4355.5
4394.4
4432.2

OCT.
MOV.

1/

savings bonds

P

1323. 1
1345.6

i

4475.8
4526.1

CONSISTS OF 0.S. TREASURY BILLS AMD COUPONS NITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BT OTHEB THAN DEPOSITOBY
INSTITUTIONS, FEDBBAL BESEBVE BANKS, MONET MARKET MUTUAL FUNDS AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BT ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOBEIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND NONET BARKET MUTUAL FUNDS.
TOTAL COBHERCIAL PAPER LESS COMMERCIAL PAPER HELD BT MONEY MABKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BT AVERAGING EMD-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6 (508)
Table 5

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Nontransactions components

Other checkable deposits
Date

Currency1

Travelers
checks'

Demand
deposits9

at commercial
banks4

at thrift
institutions*

total

in M2*

in M3 only 7

Overnight
RPt'

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

1983-DEC.

150.5

4.6

251.6

97.7

33.6

131.3

1660.2

516.4

44.8

11.4

138.2

19 84-JAN.
FEE.
MAR.

148.4
148.3
149.8

4.6
4.7
4.6

249.4
237.9
239.4

99.2
97.8
99.7

33.4
33.3
34.5

132.6
131.1
134.2

1675.7
1690.5
1702.7

518.4
526.4
537.4

47.1
48.1
47.0

11.5
11.4
11.3

137.8
142.1
144.6

APR.
MAY
JUNB

151.5
152.9
154.9

4.8
5.0
5.4

247.8
241.3
247.0

102.6
99.7

101.1

36.4
36.2
37.2

139.1
135.9
138.3

1711.4
1716.5
1728.3

546.0
560.9
566.4

46.4
47.0
43.9

11.1
12.1
12.6

145.9
146.5
148.9

JULY
AUG.
SEPT.

156.3
156.5
156.5

247.5
242.9
245.3

100.4
100.2
101.2

37.6
37.4
37.9

136.0
137.5
139.1

1739.5
1745.7
1752.9

574.4
583.2
566.5

43.4
45.2
44.1

13.7
13.5
12.7

150.5
150.6
152.0

OCT.
NOV.
DBC.

156.7
158.6
160.9

5.3
5.7
5.4
5.0
4.8
4.9

244.9
248.0
256.4

100.9
102.5
105.4

38.4
39.5
40.4

139.4
142.0
145.7

1770.6
1791.4
1809.7

597.9
610.4
617.0

44.7
48.1
45.0

12.1
10.1
12.4

155.7
162.2
168.1

HEEK ENDING:
1984-DBC.

3
10
17
24
31

158.0
160.8
160.7
162.2
160.5

248.3
251*8
254.2
256.1
265.0

102.9
105.9
105.0
105.2
105.6

39.6
41. 1
40. 1
39.9
40.2

142.4
147.0
145.2
145.1
145.8

52.9
47.1
46.4
39.7
43.2

11.5
10.7
12.0
13.5
13.9

165.5
167.1
166.7
169.1
166.7

1985-JAM.

7 P
14 P

160.5
159.1

269.9
258.3

110.5
109.7

42.3
41.2

152.7
150.9

46.5
46.0

14.7

166.0
173.3

1/
2/
3/
4/
5/
6/
7/
8/
9/

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND TBE VAULTS Cf COMMERCIAL BANKS. EXCLUDES THE
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS CF NONBANK ISSUEBS. TRAVELERS CHECKS ISSUED EY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BAsKS, THE U.S. GOVERNMENT AND IOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.fi. FLOAT, LESS THE ESIIMATID AMOUNT OF LltlUD
DEPOSITS HELD AT COMMERCIAL HANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR CCD LIABILITIES.
CONSISTS OF MO* AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER NOUS OF $35.1 BILLION IN THE WEEK ENDED DECEMBEB 31, $36.6 BILLION IN 1HE klEK ENDEl JANUARY
7 # AND $36.8 BILLION IN THE WEEK ENDED JANUARY 14.
CONSISTS OF NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOUS OF $12.6 BILLION IN THE WEEK SNfiiD DECEMBER 31, S13.5
BILLION IN THE WEEK ENDED JANUARY 7, AND $13.4 BILLION IN THE fcEEK ENDED JANUABY 14.
SUM OF OVERNIGHT RPS AND EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND £BOKIB/DEAlEfi), MMDAS AND SAVINGS
AND SMALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS kUL VAULT CASH HELD BY THRIFT INSTITUTIONS IC SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT Of OVERNIGHT EPS AND EURODOLLARS HELD £Y INSTI1UTIGN-CNLY
MONEY MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL IANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS (GENERAL PUKPOSE AND BROKER/DEALER).
ISSUED BY FOREIGN EfiANCHES OF U.S. BANKS WORLDWIDE TO U.S. RESIDENTS GTUI6 THAN DEPOSITORY INSTITUTIONS AND
MONEY KAfiKtT MUTUAL FUNDS (GENERAL PURFOSE AND BBOKER/DFALFR).




H.6 (508)

lable 5-continued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted

Date

1983-DEC.

Money market deposit accounts
at
at
thrift
total
commercial
institutions
banks

230.0

145. 9

376. 0

at
commercial
banks

132.0

Savings deposits
at
thrift
institutions

176.5

total

308. 5

Small denomination time deposits1
at
at
total
thrift
commercial
Institutions
banks

Large denomination time deposits'
at
at
commercial
thrift
total
4
banks
Institutions

351.0

437. 6

788. 6

226.5

100.7

329.2

799. 4
805. 4
£07. 6

228.$
229.3
232.1

105.7
111.2
114.2

334.6
340.5
346.9

1984-JAN.
FED.
HAfi.

234.2
238.3
242.6

146. 2
147. 7
149. 9

380. 3
386. 0
392. 5

131.3
129.9
130.2

176.2
175.3
177.0

307. 4
305. 2
307. 2

353.7
355.4
356.0

44 5. 7
450. 0
1151. 6

APR.

151. 0
150. 2
148. 0

396. 4
394. 6
392. 9

130.5
129.9
129.7

178.1
178.3
178.8

308. 7
308. 2
308. 5

356.5
360.5
365.4

454. 2
457. 2
463. 7

aiQ. 7

JUNE

245.4
244.3
244.9

817. 6
629. 0

233.4
241.3
247.0

118.2
123.3
128.2

351.6
364.6
375.1

JOLT
AOG.
SBPT.

243.9
242.6
243.8

145. 3
141. 2
139. 6

389. 2
383. 8
383. «

128.9
126.4
124.7

177.7
173.3
171.8

306. 7
299. 7
296. 6

370.8
377.6
381.6

473. 1
482. 5
490. 1

643. 9
860. 1
67 1. 7

251.5
255.5
258.6

132.S
136.S
136. S

384.4
392.5
395.5

OCT.
MOV.
DEC.

247.2
256.0
266.0

139. 6
141. 3
143. 9

386. 8
397. 3
410. 0

123.8
122.3
121.0

171.8
170.4
169.1

295. 6
292. 6
290. 0

383.8
384.8
365.2

499. 1
504. 2
506. 1

883. 5
868. 9
691. 9

263.2
262.6
264.7

141.7
146.1
149.5

404.9
408.7
414.2

HAY

MEEK ENDING
1984
DEC.

1985
JAM.

1/
2/
3/
4/

3
10
17
24
31

260.7
263.5
265.4
267.1
269.9

121.6
121.7
121.1
120.3
120.4

3£5.1
385.3
365.2
365.2
385.1

261.7
265.5
262.9
265.4
266.3

7 P
14 P

274.5
278.4

121.6

12UI

385.2
384.9

263.5
263.0

SAVINGS DEPOSITS EXCL0DE HHDAS..
SHALL DENOMINATION TIHE DEPOSITS — INCLUDING RETAIL EPS — ABB 1HOSE ISSUED II AMOUNTS OF LESS THAN $100,000. A H
INDIVIDUAL BETIBEHENT ACCOUNTS (IBA) AMD KEO&U ACCOUNTS AT COHHEBCIAL BAiKS AND THRIFTS AB£ SdfiTRAClill IBOfl S H A H
TIME DEPOSITS.
LAfiGE DENOMINATION IIHE DEPOSITS ABE TiiOSE ISSUED 1H AI1OUNTS OF $100,000 00 HO*E, EXCLUDING THOSE BOOIED AT 1*1 IBJUIIQNAL
BANKING FACILITIES (IBFS).
LARGE DENOMINATION TIME DEPOSITS AX COMMERCIAL BANKS LESS THOSE HELD 31 &QHEY J9AB&ET HUTUAL FUNDS, DifCSITGfil
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (508)
labla 5-continuad

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not saaaonally adjusted
MflY) RPS

Date

Institution
only mon#y
markat funds

at commercial
banks

at thrift
institutions

total

Term
Eurodollars*

Savings
bonds

Non M3 Componsnts of L
Short-term
Bankars
traasury
accaptancaa*
sacuritiss'

Components of Oat*

Cammarclai
papar*

fedaraldatot*

Non-Fsdaral*
datot

1983-DEC.

43.2

36.4

19.6

56.0

93.4

71.3

222.7

44.7

131.6

1170.2

4046.3

1984-JAN.
PEB.
NAB.

43.5
44.6
45.0

34.2
35.7
35.4

19.1
18.8
20.6

53.3
54.5
55.9

69.9
89.9
93.2

71.6
71.8
72.1

229.9
239.0
252.5

43.6
42.2
42.0

135.6
137.6
141.2

1189.6
1210.7
1223.6

4066.2
4111.6
4149.5

APH.
flAY
JOME

45.0
45.3
45.7

36.2
35.7
32.5

23.6
25.9
27.1

59.8
61.6
59.6

93.1
94.1
90.3

72.3
72.6
72.8

245.6
240.7
251.3

42.4
44.7
46.2

146.4
152.1
158.3

1235. 9
1246.7
1255.8

4194.2
4243.1
4295*1

JULY
AUG.
SEPT.

46.1
46.2
46.9

31.4
34.3
34.9

26.2
29.1
29.7

59.6
63.4
64.7

88.8
85.9
84.3

73.0
73.3
73.5

260.5
270.7
280.0

46.5
46.6
46*2

161.2
159.8
158.4

127C.6
1295.6
1310.5

4342.4
4380.$
4421.4

OCT.
NOV.
DEC.

52.2
58.3
62.7

36.9
39.4
36.2

29.5
28.8
28.4

66.4
68.3
64.6

79.7
81.2
82.5

1323.0
134J.0

4468.8
4518.6

1EB£

ENDING:

1984-DEC.

3
10
17
24
31

61.3
61.9
62.2
63.6
63.8

35.0
32.9
34.4
40.7
37.2

1985-JAM.

7P
14 P

62.1
65.*

31.1
34.0

1/
2/

3/
4/
5/
6/

TEHH EPS ARE THOSE KITH OfilGINAL HATOfllTIES GBEATEfi THAN ONE DAY, EXCLUDING CONTINUING CCNIBACTS AND SEIA1I BPS.
TEEM EOBODOLLAfiS ABE THOSE MITH ORIGINAL MATURITIES GREATER THAN ONE DAY. CONSISTS Cf TtiCSE 1SSUEL TO O.S. fitSIDEIIS BY
FOREIGN BfiAMCHES OF Q.S. BAMKS HOBLDWIDE AND BY ALL BANKING OFFICES IN Ibl UMI1ID KIMGDOB AND CANADA. EXC10DES 1HCSE HELD
BY DEPOSITOfiY INSTITUTIONS AND MONEY MABKET flUTOAL FUNDS.
CONSISTS OF O.S. TBEASOBY BILLS AND CO0PONS WITH BEMAINING BATUBITIES OF LESS IBAN 12 MONTHS HELD BY ClHEfi THAN DEPCSJ.IOBY
INSTITUTIONS, FEDEBAL BSSBBVE BANKS, HONEY HABKET MUTUAL FUNDS, AND FOBEIGN ENTITIES.
NET OF BANKEBS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDEBAL BESEfiVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEEEBAI
HOME LOAN BANK SYSTEM AND HONEY MABKET BUTUAL FUNDS.
TOTAL COMMEBCIAL PAPEfi LESS CCMMEBCIAL PAPEB HELD BY MONEY MABKET MUTUAL fUNES.
DEBT DATA ABE ON A MONTHLY AVEBAGE BASIS, DEBIVED BY AVEBAGING END-OF-MONIH LEVELS OF ADJACiNT MONTHS, AND ilAVE Eli*
ADJUSTED TO BEHOVE DISCONTINUITIES.




H.6 (508)
Table 6

MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted
Demand deposits at banks due to

Date

foreign
commercial
Danks

foreign
official
institutions

Time and
savings
deposits
due to foreign
commercial
banks and
foreign official
institutions

IRA and Keogh Accounts

U.S. government deposits
demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

note balances
at commercial
banks
and thrift
institutions

total demand
deposits and
note and
FR balances

time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

money
market
mutual funds

total

1983-DEC.

8.2

2.0

7.1

3.0

3.6

7.8

14.4

0.7

30.1

39.5

5.C

74.6

1984-JAN.
FEB.
MAE.

8.3
8.5
8.1

1.8
1.9
.9

7.0
6.8
6.9

3.1
3.1
3.0

4.7
4.5
4.0

U.5
19.2
14.5

24.2
26.6
21.5

0.9
0.9
0.9

31.0
32.7
34.7

41.0
42.8
44.6

5.2
5.5
5-7

77.3
81.0
85.0

APB.
MAI
JUNE

8.0
8.2
8.1

1.7
11.9
• 8

7.2
7.4
7.5

3.8
2.7
3.9

7.5
4.^
3.8

12.7
10.0
8.5

24.0
16.9
16. 1

0.9
0.9
0.8

38.3
39.5
40.1

47.6
49.2
50.0

b.2
4.3
6.2

92.1
95.0
96.3

JOLT
AUG.
SEPT.

6.2
8.0
8.0

1.8
.8
1.9

7.3
7.5
7.6

2.8
2.9
3.4

4.0
3.6
6.2

9.0
7.5
14.1

15.8
13.9
23*7

0.8
0.8
0.8

40.6
41.4
42.0

50.7
51.0
51.7

6.2
6.2

97.5
9£.7
9S.be

OCT.
NOV.
DEC,

8. 1
8.5
8.3

1.7
2.0
1.8

7.3
7.4
7.6

2.6
2.8
3.4

3.9
3. 1
3.5

8.4
7.5
9.1

14.9
13.5
16.0

0.9
1.0
0.9

42.6
43.2
43.8

52.6
53.3
54.2

6. 2e

3
10
17
24
31

8.1
8.5
8.2
8.5
8.0

1.9
1.9
2.1
1.7
1.7

7.4
7.7
7.7
7.6
7.6

2.3
2.8
4.6
3.4
3.1

2.6
3»3
3.5
3.7
4.0

5.3
6.0
4.6
13.9
13.6

10.2
12.1
12.7
21.0
20.9

1.0
0.9
0.9
0.9
0.9

7 P
14 P

9.0
7.7

1.8

1.7

7.5
7.2

4.3
2.8

3.5
3.5

9.9
13.0

17.6
19.2

0.9
0.9

WEEK ENDING:
1984
DEC.

1985
JAM.

e

= estimated




6.2e

6.3e

101. 4e
10i.7e
104.2e

SPECIAL SUPPLEMENTARY TABLE
Monthly Survey of Selected Deposits and Other Accounts
At All Insured Commercial Banks and All Mutual Savings Banks 1
November 28, 1984 and December 26, 1984
(not seasonally adjusted)
Liability Categories
"Super NOW" accounts2
(standard error of the estimate)
Money market deposit accounts^
Interest-bearing time deposits with
balances of less than $100,000
with original maturities of: 4
7 to 31 days
(standard error of the estimate)

Insured Co ercial Banks
Amount Outstanding ($mil) Average Rate Paid (X)
November 28 December 26
November 28 December 26
32,961
(453)
258,012

34,686
(498)
267,113

Number of Issuing Banks
November 28 December 26

7.25

7.02

11,783

11,813

8.65

8.10

12,922

12,879

5,271
(447)

5,354
(466)

8.52

8.01

7,928

7,890

32 to 91 days
(standard error of the estimate)

17,761
(752)

17,953
(772)

8.65

8.07

13,195

13,030

92 to 182 days
(standard error of the estimate)

166,078
(2,258)

165,349
(2,251)

9.39

8.77

13,837

13,809

183 days to 1 year
(standard error of the estimate)

58,748
(1,286)

59,429
(1,293)

9.69

9.11

12,705

12,665

over 1 year to 2-1/2 years
(standard error of the estimate)

69,413
(1,482)

69,875
(1,505)

10.27

9.73

13,352

13,307

2-1/2 years and over
(standard error of the estimate)

107,128
(1,626)

107,119
(1,573)

10.62

10.18

12,859

12,835

All IRA/Keogh Plan deposits5
(standard error of the estimate)

43,458
(245)

44,033
(279)

(N.A.)

(N.A.)

13,166

13,166

Retail repurchase agreements"
(standard error of the estimate)

1,263
(206)

1,229
(212)

8.41

7.49

2,973

2,993

Liability Categories
M

State-Chartered Mutual Savings Banks
Amount Outstanding ($mil)
Average Rate Paid (I)
Number of Issuing Banks
November 281 December 26~ November 281 December 26
November 281 December 26

Sup*»r NOW" accounts2
(standard error of the estimate)

824
(3)

845
(2)

7.54

7.30

218

218

Money market deposit accounts^
(standard error of the estimate)

26,045
(77)

26,551
(77)

9.06

8.52

358

358

Interest-bearing time deposits with
balances of less than $100,000
with original maturities of:*
7 to 31 days
(standard error of the estimate)

206
(27)

204
(29)

8.13

7.50

113

113

32 to 91 days
(standard error of the estimate)

813
(72)

868
(72)

8.91

8.37

269

269

92 to 182 days
(standard error of the estimate)

26,732
(169)

26,606
(195)

10.04

9.18

358

358

183 days to 1 year
(standard error of the estimate)

9,962
(177)

10,232
(79)

10.36

9.64

313

313

over 1 year to 2-1/2 years
(standard error of the estimate)

10,689
(208)

10,696
(173)

10.71

10.14

343

343

2-1/2 years and over
(standard error of the estimate)

20,139
(205)

20,062
(186)

11.07

10.53

335

336

All IRA and Keogh Plan deposits3
(standard error of the estimate)

8,522
(177)

8,643
(179)

(N.A.)

(N.A.)

356

356

Retail repurchase agreements^
(standard error of the estimate)

87
(70)

76
(65)

8.52

7.92

61

68

N.A. - Data not available.
1. Estimates are based on data collected by the Federal Reserve from a stratified random sample of about 550 banks
and 75 mutual savings banks.
2. "Super NOW" accounts are NOW accounts containing an agreement between depositor and depository such that,
provided certain conditions—including a $2,500 minimum balance—are met, some or all funds deposited are eligible
to earn more than 5.25 percent.
3. Money market deposit accounts (MMDAs)—Deposits with a $2,500 initial and average balance requirement, no
required minimum maturity but institutions must reserve the right to require at least seven day's notice prior to
withdrawal, no restrictions on depositor eligibility, or limitations on the amount of interest that may be paid
unless the average balance falls below $2,500 during which period the NOW account rate ceiling applies; such
accounts may allow up to six transfers per month, no more than three of which may be draft and may permit unlimited
withdrawals by mail, messenger, or In person. Estimates for this category of deposits are based on data collected
by the Federal Reserve from weekly deposit reports submitted by about 10,500 commercial banks.
4. All interest-bearing time certificates and open account time deposits with balances of less than $100 000,
Including those held in IRAs and Keogh Plan deposits.
5. All IRA/Keogh Plan time deposits regardless of sire, type of Instrument in which held, or Interest rate paid.
6. Retail repurchase agreements are In denominations of less than $100,000 with maturities of less than 90 days
that arise from the transfer of direct obligations of, or obligations fully-guaranteed as to principal and interest
by, the U.S. Government or an agency thereof.