Full text of H.6 Money Stock Measures : January 12, 1995

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Of GOv

FEDERAL RESERVE statistical release
H.6(508)
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES 6

For r e l e a s e at 4:30 p.m. Eastern Time

Billions of dollars

Date

JANUARY 12,1995

M11

M22

M33

DEBT5

Seasonally adjusted

it

1993-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1033 . 0
1035 .4
1040 .2
1047 . 1
1067 . 7
1076 .6
1086 .4
1095 .3
1105 . 1
1 1 1 3 ,. 4
1122 .4
1 1 2 8 . .4

3502 .7
3494 . 1
3494 .7
3497 . 9
3521 .8
3528 .6
3533 . 2
3536 .0
3 5 4 4 .3
3 5 4 8 .0
3 5 6 0 .3
3 5 6 7 , .9

4162
4156
4155
4163
4188
4189
4187
4188
4197
4205
4219
4232

1994-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC. p

1 1 3 3 ..5
1 1 3 8 . ,5
1 1 4 2 . ,3
1 1 4 1 . ,1
1142. 8
1146. 3
1153 . 1
1151. 0
1152. 0
1148. 5
1147. 6
1147 . 5

3 5 7 4 , .7
3 5 7 1 . .8
3 5 8 4 . .0
3 5 9 1 . ,0
3 5 9 4 . ,3
3587 . 9
3603 . 8
3598. 1
3597 . 0
3592 . 0
3593. 8
3599. 5

4 2 3 8 .. 1
4 2 1 3 ..0
4 2 2 0 .. 1
4 2 2 8 . .9
4 2 2 7 . .2
4 2 2 7 .,8
4250. 4
4243 . 9
4249 . 7
4258. 8
4266. 2
4281. 5

1993-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1041.0
1023.0
1031.6
1058.7
1058.1
1073.2
1084.3
1088.8
1099.1
1111.8
1129.6
1153.8

3508.2
3484.1
3495.7
3515.1
3507.2
3524.3
3529.5
3529.0
3533.9
3546.0
3569.0
3590.5

1994-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC. p

1142.8
1124.6
1131.9
1153.1
1132.8
1142.5
1151.0
1144.0
1146.1
1147.4
1155.3
1173.4

3581.3
3559.7
3582.4
3608.4
3579.7
3583.8
3600.1
3590.4
3586.5
3590.4
3603 .3
3623 .0

.6
.7
.6
.2
.8
.0
.9
.4
.6
.3
.0
.0

5040
5036
5037
5055
5089
5090
5087
5096
5089
5100
5113
5135

.2
.2
.5
.6
.4
.7
.2
.4
.6
.3
.8
.0

11743 . 8
11779 .3
11830 .4
11892 . 8
11953 . 9
12009 . 0
1 2 0 6 3 ,. 9
1 2 1 2 1 , .7
1 2 1 7 4 ,. 9
1 2 2 1 1 .4
12268 . 4
1 2 3 3 5 , .4

5157 .1
5146,.1
5 1 4 4 . .2
5 1 6 4 . .6
5 1 6 9 . .9
5159. 4
5186. 7
5180. 1
5175. 8
5204. 8
5217. 1 P

1 2 3 7 9 .. 6
1 2 4 3 0 . ,4
1 2 4 9 6 ., 0
1 2 5 5 5 . ,2
1 2 6 1 3 ., 6
1 2 6 5 5 ., 5
12683. 4
12749. 1
12809. 5
12856. 8
12924. 3 p

4163 .2
4150.0
4158.3
4178.5
4179.8
4185.3
4180.9
4185.1
4186.8
4199.8
4230.6
4251.4

5053.9
5030.9
5043.7
5065.0
5067.4
5080.2
5072.5
5086.2
5077.5
5092.7
5135.0
5169.9

11728.1
11741.0
11788.3
11839.6
11891.4
11964.3
12020.4
12072.4
12134.1
12172.9
12241.3
12327.6

4238.9
4203 .8
4220.1
4244.5
4218.3
4224.4
4243 .4
4240.0
4239.0
4253.4
4279.2
4302.0

5171.4
5137.8
5148.2
5173.8
5146.6
5148.9
5172.1
5169.4
5163.7
5197.1
5240.8 p

12372.1
12403.5
12456.5
12498.3
12545.8
12608.5
12643.0
12700.9
12765.8
12816.3
12895.4 p

Not seasonally adjusted

F o o t n o t e s a p p e a r on t h e following p a g e
p

preliminary




Page 2
H.6 (508)
Table 2

MONEY STOCK AND DEBT MEASURES
Percent c h a n g e at seasonally adjusted annual rates
M2

M3

DEBT1

1 9 9 4 TO DEC.

1994

-1.6

0.3

3.0

5.5

6 M o n t h s f r o m JUNE 1 9 9 4 t o DEC.

1994

0.2

0.6

2.5

4.9

1994

1.7

0.9

1.2

5.3

-1.6

-0.5

2.0

3 M o n t h s f r o m SEP.

12 M o n t h s f r o m DEC.

1 9 9 3 TO DEC.

T h i r t e e n w e e k s e n d i n g JANUARY 2 , 1 9 9 5
from t h i r t e e n weeks ending:
OCT.
3, 1994 (13 weeks p r e v i o u s )

1.

M1

JULY

4,

1994

(26 weeks p r e v i o u s )

0.8

0.2

2.0

JAN.

3,

1994

(52 weeks p r e v i o u s )

2.3

1*0

1*2

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, August 1994 to November 1994, May 1994 to November 1994,
and November 1993 to November 1994, respectively.

Footnotes to Table 1:

~

j^s^ovemyhHand

t?me H e t r o

U.S. banks worldwide, savings deposits (including money market deposit accounts), small-denomination time deposits (time deposits

3

-E

4.

S

S

s

s

a

sss

^Ps^n'a^unte'of

institution-only money market mutual funds. Excludes amounts held by depository institutions, the U.S. government, money market funds, and f o r e i 9 " banks and official
institutions. Also subtracted is the estimated amount of overnight RPs and Eurodollars held by institution-only money market mutual funds. Seasonally adjusted M3 is
market
obtained by adjusting its non-M2 component as a whole and then adding this result to seasonally adjusted M2.
Consists of M3 plus the nonbank public holdings of U.S. savings bonds, short-term Treasury securities, commercial paper and bankers acceptances, net of money market

5

corporate and nonfarm noncorporate businesses, and farms). Nonfederal debt consists of mortgages tax-exempt and

levels of credit market debt are measured on a quarter-end basis and contain discontinuities




Page 3

H.6 (508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
M1
Period ending

M2

M3

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

1994-OCT.

10
17
24
31

1152.2
1151.9
1151.3
1150.2

1150.8
1150.4
1149.3
1147 .7

1148.3
1148.4
1149.6
1144.3

3599.0
3598.4
3597.3
3595.3

3595.5
3595.4
3593.9
3590.8

3591.3
3595.0
3593.4
3583.4

4249.4
4250.1
4250.3
4250.6

4252.6
4255.2
4256.8
4258.8

4254.7
4258.5
4262.1
4259.9

NOV.

7
14
21
28

1150.0
1149.7
1149.6
1149.5

1146.5
1145.3
1146.2
1148.1

1143.8
1143.6
1152.9
1152.0

3594.9
3594.0
3594.1
3594.2

3589.5
3587.4
3590.0
3594.2

3586.0
3586.7
3604.0
3600.1

4252.4
4254.1
4255.9
4257.7

4260.5
4261.5
4264.2
4266.9

4261,
4262 .
4272 .
4271,

DEC.

5
12
19
26p

1149.2
1148.9
1148.7
1148.2

1149.6
1150.8
1149.3
1148.3

1150
1148
1147 ,
1147,

3594.3
3594.1
3594.0
3594.4

3597.3
3599.3
3596.6
3598.0

3598.5
3594.4
3593.5
3605.6

4259.6
4261.7
4264 .2
4266.8

4268.5
4271.7
4273.9
4278.4

4267.9
4275.2
4281.6
4288.7

1995-JAN.

2p

1147.6

1146.3

1142.1

3595.2

3599.9

3606.1

4269.9

4284.4

4292.1

Not seasonally adjusted
1994-OCT.

10
17
24
31

1145.8
1146.3
1146.4
1145.7

1143.4
1145.9
1148.5
1146.4

1159.
1157.
1134.
1134,

3590.5
3590.7
3590.4
3588.9

3583.5
3588.3
3592.5
3589.6

3606.3
3606.4
3575.3
3570.3

4241.2
4242.5
4243.7
4244.0

4237 .8
4243 .8
4251.2
4254.3

4265.5
4265.3
4243 .7
4242 .6

NOV.

7
14
21
28

1145.9
1146.5
1147.7
1149.4

1146
1147 ,
1151,
1155.

1159.5
1159.9
1153.9
1148.9

3589.0
3589.3
3590.9
3592 ,8

3589.2
3589.5
3597.7
3603.3

3604.7
3607.7
3608.1
3592.7

4246.1
4248.9
4252.1
4256.0

4257.5
4263.0
4271.9
4279.6

4278.5
4287 .3
4279.2
4273 .4

DEC,

5
12
19
26p

1150.3
1151.1
1152.9
1156.4

1158.6
1161.3
1165.4
1170.8

1171.5
1170.8
1170.4
1170.4

3594.9
3596.1
3598.4
3602.6

3608
3612 ,
3614,
3620.

3625.7
3624.8
3616.5
3613.4

4259.9
4263.5
4268.2
4274.4

4283.8
4289.3
4295.1
4300.2

4295.3
4309.3
4302.4
4293.9

1995-JAN.

2p

1159.5

1173.6

1182.7

3606.7

3622.6

3635.7

4280.1

4302.6

4304.6

N o t e . S p e c i a l caution s h o u l d b e t a k e n in interpreting w e e k - t o - w e e k c h a n g e s in m o n e y supply data, which are highly volatile and subject to revision,
p

preliminary data.




Page 4
H.6 (508)
Table 4

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Nontransactions components

Other checkable deposits
Currency

Date

4.
5.
6.
7.

Travelers checks 2

Demand deposits 3

At commercial
banks 4

At thrift
institutions5

Total

In M26

In M3 only7

1993-AUG.
SEP.

312.4
315.4

7.8
7.8

370.9
375.4

295.9
297.8

108.3
108.8

404.2
406.6

2440.8
2439.2

652.3
653.3

OCT.
NOV.
DEC.

317.6
319.5
321.4

7.8
7.9
7.9

378.4
383 . 2
384.8

299.1
300.8
302.6

110.4
111.0
111.7

409.5
411.8
414.3

2434.6
2438.0
2439.5

657.3
658.6
664.1

1994-JAN.
FEB.
MAR.

325.2
329.2
332.4

7.9
7.9
8.0

388.3
390.3
390.0

300.4
299.2
300 . 0

111.6
112.0
112.0

412.0
411.2
411.9

2441.2
2433.3
2441.7

663.4
641.1
636.1

APR.
MAY
JUNE

334.8
337.6
340.3

8.1
8.1
8.1

388.9
385.8
386.5

298.3
300.8
301.3

111.0
110.5
110.1

409.3
411.2
411.4

2449.9
2451.6
2441.6

637.8
632.9
640.0

JULY
AUG.
SEP.

343.2
345.4
347.3

8.2
8.3
8.4

389 .
387 .
388,

302.4
301.1
300.1

110.1
108.7
108.1

412.5
409.7
408.2

2450.7
2447.1
2445.0

646.7
645.8
652.8

OCT.
NOV.
DEC.

349.9
352 . 8
353.5

8.4
8.4
8.4

385
383 ,
383 ,

297 . 5
297.3
297 . 1

106.9
105.5
105.2

404.4
402.8
402.3

2443
2446
2452.0

666.8
672.5
682 . 0

352.3
352.4
352.9
353.6

8.3
8.4
8.4
8.5

380.8
381.1
387.9
384.8

297
296
298
297

..3
..5
,,5
,.7

1 0 5 . ,0
1 0 5 , .2
1 0 5 . .2
107 ..3

402 ..4
4 0 1 . .7
403 ..7
405 .0

2 4 4 2 ..2
2443 . 1
2451..1
2 4 4 8 ., 1

675
675
668
670

353 ,
353 ,
353 ,
353

8.5
8.5 e
8.4 e
8.4 e

383.8
383.7
383.7
383.9

298 .2
299 ,.1
297 . 1
296 .9

1 0 5 . .6
1 0 4 . .0
104 .8
105 .6

403
403
401
402

,.8
,. 1
.8
.5

2 4 4 8 . ,5
2 4 4 6 . .0
2 4 4 6 . .5
2457 ..7

669 . 4
680 . 9
6 8 8 . .1
683 . 1

355.0

8.4 e

379.8

292 .5

106 .3

398 .9

2 4 6 4 ,0

686 ..0

Week ending
1994-NOV.
7
14
21
28

1.
2.
3.

1

DEC.

5
12
19
26p

1995-JAN.

2p

.7
.9
.6
.9

Currency o u t s i d e U . S . Treasury, Federal R e s e r v e B a n k s and t h e vaults of depository institutions.
.
. , , ,
Outstanding a m o u n t of U . S . d o l l a r - d e n o m i n a t e d travelers c h e c k s of n o n b a n k i s s u e r s . Travelers c h e c k s i s s u e d by depository institutions are included in d e m a n d d e p o s i t s .
D e m a n d d e p o s i t s at c o m m e r c i a l b a n k s and foreign-related institutions other than t h o s e d u e to depository institutions, the U . S . g o v e r n m e n t and foreign b a n k s and oniciai
institutions, l e s s c a s h items in t h e p r o c e s s of collection a n d F e d e r a l R e s e r v e float.
C o n s i s t s of N O W and A T S b a l a n c e s at c o m m e r c i a l b a n k s , U . S . b r a n c h e s and a g e n c i e s of foreign b a n k s , and E d g e Act corporations.
C o n s i s t s of N O W and ATS b a l a n c e s at thrifts, credit union s h a r e draft b a l a n c e s , and d e m a n d d e p o s i t s at thrifts.
,
,
S u m of overnight R P s and Eurodollars, m o n e y market fund b a l a n c e s (general p u r p o s e and broker/dealer), s a v i n g s d e p o s i t s (including m o n e y market d e p o s i t a c c o u n t s )
and small time d e p o s i t s . This s u m is s e a s o n a l l y a d j u s t e d a s a w h o l e .
. . .
,
,
. ,
^ i
S u m of large time d e p o s i t s , term R P s and Eurodollars of U . S . r e s i d e n t s , m o n e y market fund b a l a n c e s (institution-only), l e s s t h e e s t i m a t e d a m o u n t ot overnight H r s and
Eurodollars held by institution-only m o n e y market mutual f u n d s . This s u m is s e a s o n a l l y adjusted a s a w h o l e .


http://fraser.stlouisfed.org/
e
estimated
Federal Reserve Bank of St. Louis

p

preliminary

H 6 (508)
Table 4 - c o n t i n u e d

Page 5

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Savings deposits 1
Date

At

At
thrift
institutions

Total

430 .5
430 .4

778 .4
782 .4
785 .3

FEB.
MAR.

commercial
banks
775 .4
778 .0

Large denomination time deposits 3
At
commercial
b a m <s4

At
thrift
institul [ions

327.9
324.5

806 .5
799 .9

345 .5
345 .0

190 . 1
190 .8

277 .8
276 .6

63 . 9
63 . 8

341.6
340.4

430 .4
429 .5
430 .2

1208 . 8
1211 .9
1215 .5

472 .5
469 .5
468 .6

322 .4
321.1
317.1

794 .9
790 .6
785 .7

344 .4
347 .0
348 .8

194 .3
194 .8
197 .0

277 .5
275 .9
277 .2

63 .7
63 . 5
61 .8

341.6
339.4
339.0

790 .1
791 .1
7 9 0 .2

430 .2
429 .8
4 3 1 .7

1220 .3
1220 .9
1221 .9

465 .5
464 .0
462 .6

314.1
310 . 8
309.2

779 .6
774 .8
7 7 1 .8

349 .3
345 .8
348 .2

192 .7
176 .9
177 .4

279 .7
274 .7
271 .1

62 . 1
61 .8
61.. 1

341.8
336.5
332.2

APR.
MAY
JUNE

788 . 2
784 . 2
779 . 2

432 . 5
4 3 1 , ,7
4 2 8 . ,0

1 2 2 0 ,.7
1 2 1 5 , .9
1207 , 2

4 6 1 , .7
464,. 1
4 6 6 . .7

307 . 9
306 . 3
305.5

769
770
772

,. 6
.. 4
.2

359 . 4
361,.9
3 5 6 , .3

1 7 7 ,. 0
1 6 9 ..3
1 6 9 , ,5

270 .6
2 7 4 ,.9
2 7 4 ..9

6 1 ,.5
60,,1
6 0 , ,4

332.1
335.0
335.3

JULY
AUG.
SEP.

777 . 8
776. 0
773. 7

424. 7
418 . 8
412 . 9

1202 . 5
1194 . 8
1186. 6

468 . 9
474. 8
479. 8

305 . 8
304 . 9
305.5

774. 6
779. 8
785. 3

361, 7
361. 1
360 . 5

170 . 9
169. 3
167 . 9

2 7 6 , .5
279. 8
284. 7

61. 2
60 . 9
62 . 1

337.7
340.7
346.8

OCT.
NOV.
DEC.

765. 9
759. 6
752 . 3

407 . 5
400 . 2
393 . 3

1173 . 4
1159. 9
1145. 6

486. 8
494. 0
502 . 9

308 . 8
313 . 9
315.4

795 . 7
807 . 9
818 . 3

363 . 3
368 . 1
374. 5

175. 3
175. 6
176. 6

290. 1
295. 8
299. 9

63 . 3
63 . 5
63 . 9

353.3
359.3
363.8

OCT.
NOV.
DEC.

1994-JAN.

p

Week e n d i n g

Total

mdfKfcil Tunas

""ji

1! I ii § l i i i § i i i
i i IB § i i li li II l; i

1 9 9 S

7 4 8 , 0

i

"

J A N

'

2 P

3 9 1

"°

1 1 3 9

'

1

5 0 6

'

7

3

" . l

822.8

375.8

183.3

295.3

64.7

360.0

S
a v i n g,rjs d e p o s i t 7s i n c l u d e m o n e y '"airxci
market utjputHl
d e p o s i t adUUUUfllS.
ccounts.
Qmoll
Sma

-Honnminatinn tim o

^ ^ I. . -J:

- A • i r-\ rs

a n d thrifts are s u b t r a c t e d I r o n T s m a l l T m e d e p o s h s

E
p

At
thrift

Institutiononly m o n e y
market f u n d s

1205 .9
1208 .4

SEP.

/

At

General
purpose and
broker/
dealer
money

commercial
banks
478 .6
475 .4

1993-AUG.

1.

Small denomination time deposits 2

E

E

F

preliminary




-

«

R P s — a r e

l h o s e

l s s u e d

m

a m o u n t s of l e s s t h a n $ 1 0 0 , 0 0 0 . All IRA a n d K e o g h a c c o u n t b a l a n c e s at c o m m e r c i a l b a n k s

e n d foreign b a n k s and

Page 6
H.6 (508)
Table 4 - continued

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

Savings bonds

Short-term Treasury
securities 1

Bankers acceptances 2

Commercial paper 3

Federal debt

Non-Federal debt

1993-AUG.
SEP.

168.2
169.2

343.8
328.0

16.5
16.4

379.5
378.4

3247.9
3267.5

8873.8
8907.4

OCT.
NOV.
DEC.

170.1
170.8
171.7

323.7
324.6
329.9

16.4
15.3
14.6

384.7
384.1
386.8

3269.7
3295.5
3328.0

8941.6
8972.9
9007.4

1994-JAN.
MAR.

172.7
173.4
174.1

339.8
341.5
344.8

14.9
15.3
15.7

391.6
403.0
389.6

3338.3
3355.1
3379.6

9041.3
9075.3
9116.4

APR.
MAY
JUNE

174.8
175.7
176.6

361.9
364.5
351.8

14.2
11.5
10.6

384.9
391.0
392.6

3390 ,
3402 ,
3416

9164.
9211.
9239.

JULY
AUG.

177.5
178.4
179.0

355
359
344

10.8
11.3
12.0

392.7
387.0
391.0

3 419
3436
3454

9264,
9312 .
9355,

179.4
179.9

346.8
354.3

11.9
10.7

407.8
405.9

3469.4
3494.0

9387 .
9430

FEB.

SEP.
OCT.
NOV.

1.

Debtcomponents 4

Non-M3 Components of L

Date

p

2.
3.
4.

C o n s i s t s of U . S . Treasury bills and c o u p o n s with remaining maturities of l e s s than 12 m o n t h s held by other than d e p o s i t o r y institutions, F e d e r a l R e s e r v e B a n k s , m o n e y
market mutual f u n d s , and foreign entities.
Net of b a n k e r s a c c e p t a n c e s held by a c c e p t i n g b a n k s , Federal R e s e r v e B a n k s , foreign official institutions, Federal H o m e Loan B a n k s , a n d m o n e y market mutual f u n d s .
Total c o m m e r c i a l p a p e r l e s s c o m m e r c i a l p a p e r held by m o n e y market mutual f u n d s .
Debt data are on a monthly a v e r a g e b a s i s , derived by a v e r a g i n g a d j a c e n t e n d - o f - m o n t h levels, and h a v e b e e n a d j u s t e d to r e m o v e d i s c o n t i n u i t i e s .

p

preliminary




H.6(508)
Table 5

Page 7

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Currency 1

Date

Travelers
checks2

1993-AUG

Other checkable deposits
At commercial
banks 4

At thrift
institutions 5

Nontransactions components
Overnight

Overnipht ^

In M3 only 7

314 .8

367 . 9
373.1

292 . 1
295.0

107 . 7
108.0

399.7
403.0

2440.2
2434.8

656.1
652 .9

319.8

381.1
391.1
402.6

295.6
299.6
306.3

109.8
112.4

405.3
410.9
418.6

2434.3
2439.5
2436.7

653 . 8
661.5
660.9

72.3
73.2
74.5

17.4
17.8

OCT
NOV
DEC

Demand
deposits 3

14.7
14.9

1994-JAN.
FEB.
MAR.

324.0
327 . 3
330.7

7.7
7.7
7.8

393.1
380.6
380.6

306.8
299.6
301.6

111.2
109.5
111.3

417.9
409.1
412 .9

2438.6
2435.1
2450.5

657.6
644.0
637.7

APR.
MAY
JUNE

77.1
76.6
80.1

18.0
16.9
18.4

334.4
337 . 4
340.6

7.8
7.9
8.3

390.2
378.8
383 .4

306.3
298.1
299.4

114,
110.

1X0.

420.6
408.7
410.1

2455.3
2446.9
2441.3

636.2
638 . 6
640.6

JULY
AUG.
SEP.

80.3
80.7
82.7

344
345.
347 .

16.7
19.3
21.5

8.8
8.9
8.8

388.4
384.2
385.7

298.3
297.2
297.3

110.
108.
107.2

408.9
405.2
404.5

2449.0
2446.4
2440.4

643.4
649.6
652.5

OCT.
NOV.
DEC. p

83.8
85.8
87.6

25.4
25.1
24.9

349.
353.
357.

8.5
8.2
8.1

389.0
391.8
401.1

294.0
296.1
300.7

106.3
106.0
105.8

400.3
402.0
406.6

2443.0
2448.0
2449.6

663.0
675.8
679.0

87
86

27 . 3
26.2
28.6

1995-JAN.

2p

357 . 9

8.1

409.9

301.4

105.5

1

406.8

2453.0

668.9

88,

94.0

34.8

2.
3.
4.
5.
6.
7.
8.

g§
E u r o d o l l a r s h e l d by i n s t i t u t i o n - o n l y * m o n e y markeFmutua'l f u i ^ s ^ ' ^ ^ '
broker/dealer).

9

"

d continuin9

m o n e y

m a r k e t

, u n d

b a l a n c e s (institution-only), l e s s t h e e s t i m a t e d a m o u n t of o v e r n i g h t R P s a n d

contract R P s i s s u e d by all d e p o s i t o r y institutions to o t h e r than d e p o s i t o r y institutions a n d m o n e y market mutual f u n d s ( g e n e r a l p u r p o s e a n d

9. FRASER
Digitized for
I s s u e d by foreign b r a n c h e s of U . S . b a n k s worldwide to U . S . r e s i d e n t s other than d e p o s i t o r y institutions a n d m o n e y market mutual f u n d s ( g e n e r a l p u r p o s e a n d broker/dealer,.


Page 8
H.6(508)
Table 5 - continued

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

1206.9
1206.4

commercial
banks
479.6
476.7

At
thrift
institutions
328.6
325.4

808.2
802.0

General
purpose and
broker/
dealer
money
market funds
343.0
340.8

430.0
430.4
429.4

1207.7
1214.4
1213.2

473.3
468.8
467.6

323 . 0
320.7
316.4

796.3
789.5
784.0

786.1
787.7
791.3

428.0
427.9
432.3

1214.1
1215.6
1223.6

465.6
463.8
462.2

314.1
310.7
308 . 9

APR.
MAY
JUNE

790.6
784.8
781.9

433.8
432.1
429.5

1224.4
1216.9
1211.4

461.2
463.1
466.3

JULY
AUG.
SEP.

779
776
772

425.7
419.1
412.2

1205.3
1195.6
1184.6

OCT.
NOV.
DEC. p

765.2
761.3
751.1

407.1
401.1
392.6

764.4
764.5
760.6
757.1

Small denomination time deposits 2

Savings deposits 1
Date

1.
2.
3.
4.
p

340.7
345.0
347.2

189.2
194.0
195.8

277.6
276.2
276.0

63.7
63.6
61.6

341.3
339.8
337.6

779.7
774.5
771.1

349.6
351.5
357.2

196.2
186 . 1
180.5

276.7
273.0
270.9

61.4
61.4
61.1

338.1
334.4
332.0

307 . 6
305.6
305.2

768.8
768.7
771.5

365.0
361.4
354.2

176.2
171.0
166.3

269.9
277.3
276.8

61.3
60.6
60.8

331.2
337.8
337.6

469
475
481

306.4
305.6
306.4

776,
781.
787 ,

358.3
358.5
355.8

167.4
169.5
165.1

276.2
281.6
285 . 8

61d
61.3
62.3

337.3
342.9
348.1

1172.3
1162.4
1143.7

487
493
501.8

309.4
313.4
314.7

797 ,
816.4

359.2
366.0
372.9

170.5
175.0
175.5

289.8
296.2
298.6

63.2
63.6
63 . 7

353.0
359.9
362.3

403 .7
402.3
400.7
398.7

1168.1
1166.8
1161.3
1155.8

491.9
492.7
493.3
494.3

311.4
313.0
313.9
314.7

803.4
805.7
807.2
809 . 0

360.9
363.7
367.7
370.3

174.8
180.1
174.2
172.3

294.4
295.9
296.2
298.0

63.5
63.7
63.6
63.8

357.9
359.6
359.8
361.7

757 ,
756
751
746

397.8
395.4
392.3
389.2

1154
1151
1143
1135

496.9
499.5
501.9
504.2

314 . 8
314.8
314.1
314.1

811
814
816
818

370.6
375.4
374.5
373.0

169.9
177.2
176.5
175.9

298,
300 ,
300 ,
298.8

63.7
63.6
63.4
63.6

362.0
364.5
364.1
362.4

743 . 9

388 . 9

1132 . 8

506.3

315.8

822 . 1

369.3

176.7

292.7

64.2

356.8

OCT.
NOV.
DEC.

777.7
784.0
783.9

1994-JAN.
FEB.
MAR.

DEC.

5
12
19
2 6p

1995-JAN.

2p

At
thrift
institutions
64.3
64.0

190.1
187.5

At
thrift
institutions
430.8
429.7

Weefc ending
1994-NOV.
7
14
21
28

Large denomination time deposits 3
At
commercial
banks 4
279.5
277.6

commercial
banks
776.0
776.7

1993-AUG.
SEP.

Institution
only money
market funds

Total

Total

806 ,

S a v i n g s d e p o s i t s include m o n e y market d e p o s i t a c c o u n t s .
S m a l l - d e n o m i n a t i o n time d e p o s i t s — i n c l u d i n g retail R P s — a r e t h o s e i s s u e d in a m o u n t s of l e s s than $ 1 0 0 , 0 0 0 . All IRA and K e o g h a c c o u n t b a l a n c e s at c o m m e r cial b a n k s and thrifts are subtracted from small time d e p o s i t s .
L a r g e - d e n o m i n a t i o n time d e p o s i t s are t h o s e i s s u e d in a m o u n t s of $1 0 0 , 0 0 0 or more, excluding t h o s e b o o k e d at international banking facilities.
L a r g e - d e n o m i n a t i o n time d e p o s i t s at c o m m e r c i a l b a n k s l e s s t h o s e held by m o n e y market mutual funds, depository institutions, U . S . g o v e r n m e n t , and foreign
b a n k s and official institutions.
preliminary




Total
343.8
341.6

Page 9

H.6(508)
Table 5 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Term RPs1
Date

At commercial
banks

At thrift
institutions

Total

Term
Eurodollars2

1993-AUG.
SEP.

72 . 0
71 . 2

25 .6
26 .0

97 .6
97 .3

44 . 1
45 . 2

167 . 8
168 .7

342 . 4
326 .0

16 . 3
15 . 9

374 . 6
380 . 2

3229 . 4
3251 .9

8842 .9
8882 .2

OCT.
NOV.
DEC.

70 . 5
69 .7
70 . 8

25 .4
25 . 9
26 .0

95 . 9
95 .6
96 . 8

45 . 0
48 . 9
47 . 0

169 . 6
170 .6
1 7 1 .4

3 2 1 .8
332 .5
342 .6

16 .3
15 .7
15 .3

385 .2
385 .6
389 .3

3249 .4
3287 . 0
3329 . 5

8923 .5
8954 .3
8998 . 1

1994-JAN.
FEB.
MAR.

66 . 2
64 . 0
66 . 8

26 .6
27 .5
27 .2

92 . 9
91 . 5
94 . 0

46 . 0
48 . 1
47 . 2

172, .6
173 ,.7
174, .6

345. .3
342. .9
348. .6

15 .6
15, .5
15, .2

398, .9
4 0 2 , .0
3 8 9 . .7

3 3 3 3 . .0
3 3 4 5 . .4
3 3 7 4 . .5

9 0 3 9 .0
9 0 5 8 . .2
9082 ,.0

APR.
MAY
JUNE

70 .3
67 .9
70 .2

27 .6
29 . 1
30 .6

97 . 9
96 . 9
100 . 8

47 . 5
48 . 6
50 . 9

1 7 5 . .4
17 6. 2
17 6. ,9

3 5 2 . .8
355. 8
346. 2

13 ..7
11. .4
10. 6

387 .,3
3 8 5 . ,0
390. 9

3 3 7 6 , .8
3 3 7 9 . .7
3394. 5

9 1 2 1 , .5
9166,.1
9 2 1 4 . .0

JULY
AUG.
SEP.

69 .6
67 . 1
67 ,.6

32 .3
33 . 1
33 ,.7

101 . 9
100 .3
101 .3

51 .8
52 .0
52 .8

177. 4
177. 9
178. 4

351. 0
358. 5
341. 6

10. 8
11. 1
11. 6

389. 5
382. 0
393 . 0

3393 . 9
3418. 4
3438. 4

9249. 1
9282. 5
9327. 3

OCT.
NOV.
DEC. p

66. .3
66 ..5
66 .,3

34 ..1
35 ..2
36 ,,9

101 . 1
101, .7
103 ,.3

53 ,.9
55, . 6
53 ,.4

179. 0
179. 7 P

344. 3
362. 9 P

11. 8
11. 0 p

408. 6
408. 0 p

3448. 7
3485. 3 p

9367 . 6
9410. 1 p

67 . 0
64. 8
63 . 5
71. 1

35, 1
36. 0
35 . 0
34 . 6

102 .,1
100 , 8
98, 5
105. 7

55.
56.
55.
56.

Weefc en<Unq
1994-NOV.
7
14
21
28

2.

4.
5.
6.

Debtcomponents 6

Non-M3 Components of L

5
12
19
26p

65. 3
68 . 9
69. 3
65. 0

35. 6
35. 9
37 . 4
38. 4

100. 8
104. 8
106. 7
103 . 4

52 . 3
53 . 0
53 . 8
54. 4

1995-JAN.

2p

61. 6

37 . 1

98. 7

53 . 2

... -

......

y Y .

U ,

"

M

Short-term
Treasury

Bankers

Commercial

Federal debt

Non-Federal
debt

6
0
2
4

DEC.

.

Savings bonds

uay, caliuumly uumiiiuiiiu uuiiuduib tiriu reian n r s .

® r / n Eurodollars are those with original maturities greater than one day. Consists of tnose issued to U.S. residents by foreign branches of U.S. banks world-wide and by
all banking offices in the United Kingdom and Canada. Excludes those held by depository institutions and money market mutual funds.
Consists of U.S. Treasury bills and coupons with remaining maturities of less than 12 months held by other than depository institutions, Federal Reserve Banks money
1
market mutual funds, and foreign entities.
Net of bankers acceptances held by accepting banks, Federal Reserve Banks, foreign official institutions, Federal Home Loan Banks, and money market mutual funds,
lotal commercial paper less commercial paper held by money market mutual funds.
Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities.

p FRASER
preliminary
Digitized for


Page 10
H.6 (508)
Table 6

MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted

Foreign
commercial
banks

Foreign
official
institutions

Time and
savings
deposits
due to
foreign
banks and
official

1993-AUG.
SEP.

8. 1
8. 5

1.6
1.5

OCT.
NOV.
DEC.

8. ,3
8. 2
9. 1

1994-JAN.
FEB.
MAR.

Demand deposits
at banks due to

Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

Note
balances at
depository
institutions

Total
cash
balance

Time and
savings
deposits at
commercial
banks

At
commercial
banks

11.2
10.8

3. 8
5. 5

5. 7
9, 3

20. 0
23. 2

29. 5
37. 9

3. 1
2. 8

146.,1
145. .8

117. 4
116. 9

47. 4
47. 5

310. 9
310. 2

1.6
1.8
1.6

10.7
10.8
10.9

4. 5
4. 0
5. 2

5. 9
5. 6
6. 7

12. 6
8. 8
16. 2

23. 1
18. 4
2 8 . ,1

2. 6
2. 7
2. 6

145. .2
144. .6
144, ,2

116. 1
115. 3
114. 6

48. 1
49. 1
4 9 . ,8

309. 4
3 0 9 . ,0
3 0 8 . .6

8. 5
8. 4
8. 1

1.6
1.5
1.6

11.3
11.9
12.5

5, ,7
4. 2
4. 3

7. ,3
6. 3
5. 2

25. ,2
27. 9
15. ,7

38. .3
38. ,4
2 5 . ,1

2. , 1
2. 6
2. 4

143, .9
143. ,6
142. .6

114. . 1 e
113. ,7 e
113. .3 e

4 8 . .6 e
48. .6 e
51, .8 e

306, .7 e
305, .9 e
307 ,.7 e

APR.
MAY
JUNE

8. 6
8. 1
8, 2

1.5
1.5
1.5

12.9
13.0
13.1

7. 1
4. 2
5, 3

5. 6
5. 9
5. ,9

20. 8
24, ,3
18. .4

33. ,5
34. .4
29. .6

2. , 1
3. . 1
2. .9

142. . 2
142. .2
142. .3

113. .0 e
112. ,7 e
112, .0 e

54 .8 e
56 . 4 e
56 . 8 e

310 .0 e
311 .3 e
311 .2 e

JULY
AUG.
SEP.

8.,3
7. .8
8.,2

1.5
1.5
1.5

13.2
13.2
13.2

4. ,8
3. .9
5.. 8

5, ,4
5. . 1
6, ,0

11. .3
10. , 1
16. .9

21. .5
19. ,0
28. .8

2. .7
2. .9
2, .5

142, .6
142 .6
142 .7

111 .8 e
111 .7 e
111. .6 e

56 .2 e
56 .9 e
57, .5 e

310 . 6 e
3 1 1 .2 e
311 .8 e

OCT.
NOV.
DEC. p

8,. 1
8,.2
8,.5

1.6
1.7
1.6

13.2
13.3
13.3

4. ,3
3, .9
5,.7

5, ,6
5.,2
6,.2

12. . 1
9,.8
13. .4

22. .0
18. .9
25, .3

2, .2
2, .0
1,.3

142, .7
142, .8
142, .9

111. .7 e
111. .7 e
111. .7 e

58, . 1 e
58, .5 e
59, .0 e

312 . 5 e
313 . 0 e
313 . 6 e

8 .1
7 .5
8 .2
8 .8

1.6
1.5
1.6
2.3

13.2
13.3
13.2
13.3

4, . 1
3,.7
4 .3
3 .9

5,.5
5,.3
4,.9
5 .1

15 . 1
10 .0
6 .3
7 .9

24 .8
19 .0
15 .5
16, .9

2 .2
2 .0
1 .9
1 .8

Date

Week endina
1994-NOV.
7
14
21
28

e
p

IRA and Keogh Accounts

U.S. government deposits

DEC.

5
12
19
26p

9 .2
8 .3
8 .5
8 .2

1.5
1.6
1.4
1.7

13.3
13.3
13.3
13.3

4 .5
3 .7
9 .4
4 .5

4 .6
5 .8
5 .8
7 .2

9 .7
2 .0
22 .8
15 .7

18
11
38
27

.7
.5
.0
.4

1 .9
0 .7
0 .7
1 .7

1995-JAN.

2p

8 .7

1.7

13.3

6 .4

7 .4

16 . 8

30 .6

1 .7

estimated
preliminary




At
thrift
institutions

At
money
market
funds

Total