Full text of H.6 Money Stock Measures : April 27, 1995

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES6

For release at 4:30 p.m. Eastern Time

Billions of dollars

Date

APRIL 2 7 , 1 9 9 5

M11

M22

M33

L4

DEBT5

Seasonally adjusted
1993-APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1047.7
1067.2
1076.3
1085.2
1095.1
1104.7
1113 . 5
1122.4
1128.6

3507.8
3530.6
3540.2
3543.6
3549.3
3559.1
3564.4
3576.7
3583.6

4174.1
4202.0
4204.6
4202.3
4205.5
4214.2
4222.7
4234.4
4242.5

5062.4
5098.7
5105.0
5099.8
5112.4
5110.4
5118.9
5131.7
5150.3

11889.7
11949.0
12007.2
12064.0
12122.0
12175.1
12211.5
12268.4
12335.3

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

1132.5
1137.0
1141.1
1142.8
1143.5
1147.0
1152.2
1150.8
1151.0
1148.1
1147.5
1147.8

3589.1
3586.1
3597.4
3605.3
3608.4
3605.1
3616.1
3614.1
3613.2
3608.9
3610.0
3614.5

4246.0
4232.1
4240.8
4250.9
4251.5
4256.6
4273.7
4272.7
4278.4
4284.8
4291.1
4304.0

5165.6
5163.0
5165.8
5181.4
5188.7
5185.4
5208.5
5207.9
5211.5
5231.0
5241.5
5287.4

12391.2
12444.1
12498.1
12546.3
12591.6
12641.4
12681.1
12738.5
12800.0
12856.5
12919.2
12965.0

1995-JAN.
FEB.
MAR.

1148.8
1147.1
1147.8

3626.6
3623.2
3631.8

4327.2
4335.7
4358.1

5320.0
5374.2 p

13024.0
13102.2 p

Not seasonally adjusted
1993-APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1057.7
1057.2
1072.2
1083.6
1088.6
1099.3
1112.1
1129.5
1153.7

3525.2
3517.8
3535.4
3541.6
3542.3
3548.4
3561.3
3584.2
3606.1

4187.9
4191.3
4198.6
4195.7
4200.1
4201.9
4217.2
4246.7
4266.3

5074.5
5078.9
5093.4
5087.3
5101.3
5092.6
5110.2
5151.2
5184.9

11836.5
11886.5
11962.4
12020.5
12072.7
12134.3
12173.1
12241.3
12327.4

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

1142.3
1124.2
1131.4
1152.7
1132.5
1142.3
1150.9
1143.9
1146.1
1147.3
1155.3
1173.5

3595.6
3573.3
3596.1
3622.6
3595.5
3600.3
3614.9
3606.6
3602.6
3605.9
3618.3
3638.0

4254.9
4221.9
4238.3
4264.3
4240.5
4250.2
4267.4
4266.2
4265.9
4280.0
4305.5
4330.1

5187.3
5155.8
5166.2
5193.3
5168.5
5174.1
5196.1
5196.7
5192.4
5222.3
5263.5
5324.9

12383.7
12417.3
12458.6
12489.4
12523.8
12594. 4
12640. 7
1 2 6 9 0 .. 3
1 2 7 5 6 .. 3
1 2 8 1 6 .. 0
12890. 3
12956.8

1995-JAN.
FEB.
MAR.

1158.5
1134.2
1138.0

3633.0
3609.5
3629.9

4336.9
4324.4
4354.0

5343.0
5366.0 p

12998.8
13049.2 p

Footnotes appear on the following page
p

preliminary




Page 2
H.6 (508)
Table 2

MONEY STOCK AND DEBT MEASURES
Percent change at seasonally adjusted annual rates

APR. 1 8 ,

1994

(52 w e e k s p r e v i o u s )

1.0

3 .7

5.7

1.0

CO
<N

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

5.7

5.3

1.7

4.6

0.9

3.4

1.0

2.5

-0.5
CO
O

1994

5.0

H

1.

OCT. 1 7 ,

1.9

o

T h i r t e e n w e e k s e n d i n g APRIL 1 7 , 1 9 9 5
f r o m t h i r t e e n weeks e n d i n g :
JAN. 1 6 , 1 9 9 5 ( 1 3 w e e k s p r e v i o u s )

DEBT1

vo
o

12 M o n t h s f r o m MAR. 1994 TO MAR. 1 9 9 5

M3

vo
o
1

6 M o n t h s f r o m SEP. 1994 TO MAR. 1 9 9 5

M2

o
o

3 M o n t h s f r o m DEC. 1994 TO MAR. 1 9 9 5

M1

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, November 1994 to February 1995, August 1994 to February 1995,
and February 1994 to February 1995, respectively.

Footnotes to Table 1:
1.

2.

3.

4.
5.

Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) travelers checks of nonbank issuers; (3) demand
deposits at all commercial banks other than those due to depository institutions, the U.S. government, and foreign banks and official institutions, less cash items in the
process of collection and Federal Reserve float; and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer
service (ATS) accounts at depository institutions, credit union share draft accounts and demand deposits at thrift institutions. Seasonally adjusted M1 is calculated by
summing currency, travelers checks, demand deposits, and OCDs, each seasonally adjusted separately.
Consists of M1 plus overnight (and continuing contract) RPs issued by all depository institutions and overnight Eurodollars issued to U.S. residents by foreign branches of
U.S. banks worldwide, savings deposits (including money market deposit accounts), small-denomination time deposits (time deposits—including retail RPs—in amounts of
less than $100,000), and balances in both taxable and tax-exempt general purpose and broker/dealer money market mutual funds. Excludes individual retirement account
(IRA) and Keogh balances at depository institutions and money market funds. Also excludes all balances held by U.S. commercial banks, money market funds (general
purpose and broker/dealer), foreign governments and commercial banks, and the U.S. government. Seasonally adjusted M2 is computed by adjusting its non-M1 component as a whole and then adding this result to seasonally adjusted M1.
Consists of M2 plus large-denomination time deposits (in amounts of $100,000 or more) and term RP liabilities issued by all depository institutions, term Eurodollars held
by U.S. residents at foreign branches of U.S. banks worldwide and at all banking offices in the United Kingdom and Canada, and balances in both taxable and tax-exempt
institution-only money market mutual funds. Excludes amounts held by depository institutions, the U.S. government, money market funds, and foreign 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
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
mutual fund holdings of these assets.
Debt: The debt aggregate is the outstanding credit market debt of the domestic nonfinancial sectors —the federal sector (U.S. government, not including governmentsponsored, enterprises or federally related mortgage pools) and the nonfederal sectors (state and local governments, households and nonprofit organizations, nonfinancial
corpdrate and nonfarm noncorporate businesses, and farms). Nonfederal debt consists of mortgages, tax-exempt and corporate bonds, consumer credit, bank loans,
commercial paper, and other loans. The data, which are derived from the Federal Reserve Board's flow of funds accounts, are break-adjusted (that is, discontinuities in
the data have been smoothed into the series) and month-averaged (that is, the data have been derived by averaging adjacent month-end levels). The presentation of the
debt data in this release differ, therefore, from the quarterly flow of funds statistics contained in the Federal Reserve releases Z.7 and Z.1. In those releases, published
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
1 9 9 5 - J A N . 23
30

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

1148.1
1148.1

1148.9
1149.4

1149.2
1147.1

3615.6
3617.1

3625.0
3625.7

3628.2
3622.4

4303.8
4307.4

4321.5
4327.0

4333.6
4332.7

FEB.

6
13
20
27

1148.4
1148.6
1148.3
1148.1

1149.6
1148.4
1147.5
1147.2

1150.4
1146.8
1145.5
1146.2

3618.9
3620.4
3620.9
3621.4

3626.9
3625.6
3623.6
3623.6

3628.2
3623.4
3620.5
3622.4

4310.9
4314.3
4317.2
4321.2

4331.9
4332.5
4332 . 1
4335.5

4332.1
4331.7
4331.9
4346.1

MAR.

6
13
20
27

1147.9
1147.7
1148.0
1148.2

1146.4
1146.5
1147.8
1148.8

1147.2
1147.1
1150.8
1150.0

3621.6
3622.7
3624.6
3626.4

3621.3
3622.2
3626.8
3631.6

3618.9
3626.8
3639.0
3641.8

4324.7
4328.6
4332.9
4337.9

4338.4
4343.2
4351.0
4358.0

4343.7
4351.2
4363.1
4374.0

APR.

3
lOp
17p

1148.2
1148.2
1148.1

1148.2
1148.9
1148.8

1144.7
1150.0
1150.4

3627,
3629,
3629.7

3635.6
3639.3
3639.0

3634.6
3641.8
3637.9

4341.5
4345.9
4349.8

4361.4
4366.1
4370.4

4357.2
4370.0
4380.2

Not seasonally adjusted
1 9 9 5 - J A N . 23
30
FEB.

1163.7
1162.8

1172.3
1157.2

1143.0
1122.1

3629.8
3630.2

3647.4
3632.2

3618.2
3589.8

4321.3
4324.5

4343.4
4337.6

4328.6
4309.9

1161.8
1160.1

1147.5
1137.4
1129.7
1121.9

3630.3
3629.6
3628.2
3627.5

3619.9
3610.8
3607.5
3609.5

3621.3
3613.7
3605.1
3597.7

4326.2
4327.3
4328.2
4330.0

4330.7
4323.4
4320.7
4324.0

4327.6
4327.3
4317.9
4323.1

6
13
20
27

1158.3
1156.2

1146.0
1137.5
1134.2
1134.1

MAR.

6
13
20
27

1154.4
1152.4
1149.9
1146.3

1134.3
1136.0
1138.0
1138.4

1148.2
1144.3
1137.6
1123.6

3626.2
3625.7
3625.9
3625.4

3610.2
3615.2
3622.1
3628.3

3624.3
3633.5
3633.0
3622.3

4331.8
4333.4
4335.5
4337.9

4328.3
4336.0
4346.0
4353.3

4344.8
4358.2
4357.7
4352.4

APR.

3
lOp
17p

1143.4
1141.8
1142.0

1137.8
1144.4
1153.7

1145.5
1170.9
1174.6

3625.3
3626.2
3628.0

3634.4
3646.6
3657.0

3648.6
3682.5
3674.4

4340.2
4344.0
4348.4

4357.8
4369.4
4383.5

4362.8
4404.5
4414.4

Note. Special caution should be taken in interpreting week-to-week changes in money 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
Currency1

Date

At thrift
institutions5

Total

In M26

In M3 only7

7.9
7.9

382.2
383.9

301,
303,

111.4
111.7

412.6
414.7

2454.3
2455.0

657.6
658.9

1994-JAN.
FEB.
MAR.

325.4
328.9
332.0

8.0
8.0
8.0

386.9
388.6
388.6

300.3
299.0
299.7

112.0
112.6
112.8

412.3
411.6
412.5

2456.6
2449.1
2456.3

656.9
645.9
643.4

APR.
MAY
JUNE

334.5
337.3
340.0

8.1
8.1
8.2

388.1
385.6
386.3

299.1
300.5
301.0

112.9
112.0
111.5

412.0
412.4
412.5

2462.5
2464.9
2458.1

645.6
643.1
651.4

JULY
AUG.
SEP.

342.8
345.1
347.2

8.3
8.3
8.4

388.0
386 .6
386.5

301.7
301.0
300.0

111.4
109.7
108.9

413.1
410.8
408.9

2463.9
2463.3
2462.2

657.6
658.6
665.2

OCT.
NOV.
DEC.

350.0
353.0
354.5

8.3
8.4
8.4

384.4
382.3
382.0

298.0
297.7
297.6

107.5
106.1
105.3

405.4
403.8
402.9

2460.8
2462.5
2466.7

675.9
681.1
689.5

1995-JAN.
FEB.
MAR.

357.7
358.8
362.5

8.4
8.4
8.8

383.5
384.1
383 . 4

295.1
291.8
289.3

104.2
103.9
103.8

399.3
395.8
393.1

2477.7
2476.1
2484.0

700.7
712.5
726.3

358.8
358.8

8.4
8.5

382.9
385.1

291.5
290.1

103.8
103.7

395.3
393 . 8

2475.0
2476.2

711.4
723.8

6
13
20
27

359.6
361.7
363.3
364.1

8.5
8.8
9.0

383.4
383.9
385.3
384.3

289.4
289.7
289.6
289.3

106.2
103.1
103.7
103.4

395.7
392.9
393.3
392 .7

2471.7
2479.7
2488.2
2491.8

724.8
724.4
724.1
732.2

3
lOp
17p

364.0
364.3
365.3

9.1
9.0 e
9.0 e

379.6
383.1
383.9

288.9
290.8
289.9

103.0
102.8
102.4

392.0
393.6
392.2

2490.0
2491.8
2487.5

722.6
728.2
742.4

APR.

7.

At commercial
banks 4

319,
322,

MAR.

4.
5.
6.

Demand deposits 3

1993-NOV.
DEC.

Week; e n d i n g
1 9 9 5 - F E B . 20
27

1.
2.
3.

Travelers checks 2

8.6

Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits.
Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions, the U.S. government and foreign banks and official
institutions, less cash items in the process of collection and Federal Reserve float.
Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
Sum of overnight RPs and Eurodollars, money market fund balances (general purpose and broker/dealer), savings deposits (including money market deposit accounts)
and small time deposits. This sum is seasonally adjusted as a whole.
Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances (institution-only), less the estimated amount of overnight RPs and
Eurodollars held by institution-only money market mutual funds. This sum is seasonally adjusted as a whole.


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

p

preliminary

Page 5
H.6 (508)
Table4-continued

.

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

1211.5
1215.7

At
commercial
banks
469.6
468.6

320.7
316.5

790.3
785.1

General
purpose and
broker/
dealer
money
market funds
358.2
360.1

429.8
429.1
430.5

1221.1
1221.9
1222.0

465.7
464.5
463.1

313.8
310.5
308.9

779.5
775.0
772.0

788.9
784.6
780.0

431.1
430.2
426.8

1220.0
1214.8
1206.8

462.3
464.6
467.4

307.9
306.2
305.5

JULY
AUG.
SEP.

778.0
775.7
772.8

423.2
417.0
410.9

1201.2
1192.6
1183.7

469.9
476.0
481.2

OCT.
NOV.
DEC.

765.4
759.2
752.3

405.6
398.5
391.9

1171.0
1157.8
1144.2

1995-JAN.
FEB.
MAR.

744.2
734.4
723.6

385.6
377.7
371.6

734.1
730.5

Small-denomination time deposits 2

Savings deposits 1

361.2
359.5
361.9

194.6
182.1
183.8

273.4
270.1
268.8

61.7
61.7
61.4

335.1
331.8
330.3

770.1
770.8
772.9

370.5
373.5
370.7

183.1
177.5
177.9

268.0
272.0
274.0

61.8
60.4
61.0

329.8
332.4
335.0

306.1
306.2
307.8

776.0
782.2
789.0

376.1
377.0
377.4

178.7
177.4
176.3

276.3
279.8
284.6

61.9
61.7
62.7

338.2
341.5
347.3

487.7
494.0
502.4

311.3
315.8
317.2

799.0
809.8
819.7

379.5
383.3
389.0

180.8
180.5
180.8

289.3
293.8
298.4

63.7
63.9
64.3

353.0
357.7
362.7

1129.8
1112.1
1095.2

512.6
524.3
538.1

322.5
330.6
339.7

835.1
854.9
877.8

392.2
391.8
391.4

186.3
180.4
189.0

296.9
303.5
308.1

66.1
67.6
69.6

363.0
371.0
377.7

376.9
375.5

1110.9
1106.0

525.2
529.2

331.9
333.1

857.1
862.3

390.7
392.3

178.9
183.5

304.3
308.1

67.7
68.3

372.0
376.4

1994-JAN.
FEB.
MAR.

791.3
792.7
791.5

APR.
MAY
JUNE

Week e n 4 i . a a
1 9 9 5 - F E B . 20
27

At
thrift
institutions
63.2
61.6

196.4
198.1

1993-NOV.
DEC.

banks
782.4
785.8

At

Large-denomination time deposits 3
At . ,
commercial
banks 4
270.2
271.2

At
thrift
institutions
429.0
429.8

Date

Institutiononly money
market funds

Total

At
thrift

Total

Total
333.5
332.7

MAR.

6
13
20
27

727.7
725.9
723.8
722.2

374.0
372.2
371.9
370.7

1101.7
1098.1
1095.7
1092.9

532.5
536.3
538.9
540.7

336.2
338.4
340.1
341.6

868.6
874.7
879.0
882.4

387.6
391.6
390.4
393.4

183.5
188.0
188.7
193.6

308.3
307.2
309.2
308.5

68.9
69.2
69.5
70.0

377.2
376.4
378.7
378.5

APR.

3
10p
17p

716.3
717.1
718.6

368.1
366.2
366.2

1084.4
1083.2
1084.8

543.7
546.0
548.3

343.6
345.7
347.8

887.3
891.8
896.2

394.8
396.5
396.1

191.8
192.3
193.1

303.7
306.3
309.0

70.9
71.0
71.8

374.6
377.3
380.8

2.

1.

I S d e S n B t o l t r o d T p o l s - S d i ^ M a i r R P s - a r e those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks

3.
4.

Sstssiffi
official institutions,

p FRASER
preliminary
Digitized for


f*age 6

H.6 (508)
Table 4 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Non-M3 Components of L

Dale
Savings bonds
1993-NOV.
DEC.

170.9
171.5

1994-JAN.
FEB.
MAR.

172.5
173.2
173.9

APR.
MAY
JUNE

.

Commercial paper 3

Federal debt

Non-Federal debt

382.6
387.1

3295.5
3328.0

8972 . 9
9007.3

340.9
341.6
344.9

14.8
14.9
15.5

391.4
401.2
390.8

3338.3
3355.1
3379.6

9052.9
9089.0
9118.5

174.8
175.7
176.7

354.7
357.3
348.7

14.0

11.6
10.8

387.1
392.6
392.7

3390.6
3402.5
3416.3

9155.7
9189.2
9225.1

JULY
AUG.
SEP.

177.7
178.5
179.1

353.4
357.7
350.4

10.9
11.4
11.9

392.8
387.7
391.7

3419.3
3436.8
3454.1

9261.7
9301.7
9345.8

OCT.
NOV.
DEC.

179.5
179.9
180.3

350.7
355.5
366.6

11.7
10.9
10.1

404.2
404.0
426.5

3469.6
3494.1
3497.4

9386.9
9425.1
9467.6

180.5
180.4

373.9
402.6

9.7
9.8

428.6
445.7

3504.7
3536.0

9519.3
9566.2

£ 3 2 ? f a l T Y H % % % " ' ™"h " " " a i " l n 9 '" a "" i ™ 6S °f I®88 than 12 months held by othe,than deposKory institutions. Federal Reserve Banks, money

^&S^.h3dVi2S5°"c™i"s*u,lons'FederalHome^Banks'•ndm°"9"markM

1:
p

Bankers acceptances 2
15.5
14.9

1995-JAN.
FEB. p

'•

Short-term Treasury
securities 1
328.4
334.2

Debt components 4

Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities.
preliminary




Page 7
H.6 (508)
Table 5

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Currency1

Date

Travelers
checks 2

Demand
deposits 3

Nontransections components

Other checkable deposits
At commercial
banks 4

At thrift
institutions5

Total

In M26

Overnight

Overnight
Eurodollars9

In M3 only 7

1993-NOV.
DEC.

319.8
324.8

7.7
7.6

390.2
401.8

299.6
306.2

112.3
113.2

411.9
419.4

2454.6
2452.4

662.5
660.2

73.2
74.4

21.7
22.1

1994-JAN.
FEB.
MAR.

324.0
327.3
330.6

7.7
7.7
7.8

392.0
379.5
379.6

306.6
299.6
301.6

112.1
110.3
112.0

418.6
409.8
413.5

2453.4
2449.1
2464.7

659.3
648.7
642.2

75.9
73.7
77.0

22.1
21.2
23.0

APR.
MAY
JUNE

334.3
337.2
340.5

7.8
7.9
8.3

389.2
377.7
382.3

306.4
298.1
299.5

115.0
111.6
111.7

421.4
409.7
411.2

2469.9
2463.0
2458.0

641.7
645.0
649.9

77.6
78.4
80.6

21.3
24.1
26.2

JULY
AUG.
SEP.

344.7
345.7
347.0

8.8
8.9
8.8

387.3
383.1
384.7

298.4
297.2
297.4

111.6
109.0
108.3

410.0
406.2
405.6

2464.0
2462.7
2456.5

652.5
659.6
663.3

80.3
81.9
83.7

29.1
28.9
28.1

OCT.
NOV.
DEC.

349.6
353.2
357.6

8.5
8.2
8.1

387.8
390.7
400.1

294.1
296.0
300.6

107.4
107.1
107.0

401.4
403.1
407.6

2458.6
2463.1
2464.6

674.0
687.2
692.0

83.4
82.9
84.1

30.2
29.9
32.2

1995-JAN.
FEB.
MAR.

355.9
357.1
361.4

8.1
8.1
8.4

388.8
375.0
374.2

301.4
292.4
291.2

104.3
101.6
102.8

405.7
394.0
394.0

2474.6
2475.3
2491.8

703.8
714.9
724.1

87.1
86.5
87.8

36.0
31.8
31.0

357.5
356.0

8.1
8.1

373.1
371.0

290.7
287.5

100.4
99.2

391.0
386.8

2475.4
2475.8

712.8
725.4

87.0
84.7

31.7
32.5

Week e n d i n a
1 9 9 5 - F E B . 20
27
MAR.

6
13
20
27

359.4
361.7
362.1
361.5

8.2
8.3
8.5
8.6

379.3
377.5
374.1
366.2

296.1
293.3
290.5
287.0

105.3
103.5
102.5
100.4

401.4
396.8
393.0
387.3

2476.1
2489.2
2495.4
2498.7

720.6
724.7
724.7
730.1

84.6
84.2
90.7
90.3

29.1
30.6
30.4
32.2

APR.

3
lOp
17p

362.7
366.6
366.3

8.8
8.7 e
8.6 e

378.8
387.1
391.6

291.0
300.5
301.2

104.3
108.1
107.0

395.3
408.5
408.2

2503.0
2511.6
2499.8

714.2
722.0
740.0

89.1
87.2
80.3

33.7
29.7
26.9

1.
2.
3.

Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits.
Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions, the U.S. government and foreign banks and official
institutions, less cash items in the process of collection and Federal Reserve float.
4. Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
5. Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
6. Sum of overnight RPs and Eurodollars, money market fund balances (general purpose and broker/dealer), savings deposits (including money market deposit accounts) and small time
deposits.
7. Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances (institution-only), less the estimated amount of overnight RPs and
Eurodollars held by institution-only money market mutual funds.
8. Consists of overnight and continuing contract RPs issued by all depository institutions to other than depository institutions and money market mutual funds (general purpose and
Digitized forbroker/dealer).
FRASER
http://fraser.stlouisfed.org/
9. Issued by foreign branches of U.S. banks worldwide to U.S. residents other than depository institutions and money market mutual funds (general purpose and broker/dealer).
Federal Reserve Bank of St. Louis

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

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

1214.5
1213.2

At
commercial
banks
469.3
468.2

At
thrift
institutions
320.5
316.2

789.9
784.4

General
purpose and
broker/
dealer
money
market funds
355.4
358.3

427 . 1
426 .7
430 • 8

1213.5
1214.9
1222.7

466.2
464.6
462.9

314.1
310.6
308.8

780.2
775.2
771.6

791.1
785.3
782.3

432 . 3
430 . 6
428 . 1

1223.4
1215.9
1210.4

461.8
463.7
467.0

307.5
305.5
305.2

JULY
AUG.
SEP.

780.0
777.0
772.7

424 . 3
417 .7
410 . 8

1204.3
1194.6
1183.6

470.5
476.5
481.7

OCT.
NOV.
DEC.

765.5
761.4
751.1

405 .7
399 . 7
391 .2

1171.1
1161.0
1142.3

1995-JAN.
FEB.
MAR.

739.6
730.0
723.7

383 . 2
375 . 4
371 .6

729.5
725.0

Small-denomination time deposits 2

Savings deposits 1
Date

1.
2.
3.
4.

Large-denomination time deposits 3
At
thrift
institutions
63.5
61.5

198.0
200.0

At
,
commercial
banks 4
271.3
270.8

361.6
364.1
370.3

200.5
191.0
185.7

271.9
268.8
267.3

61.3
61.4
61.1

333.2
330.2
328.4

769.3
769.2
772.1

378.3
375.4
368.7

181.8
176.8
172.5

266.3
274.1
275.3

61.4
60.9
61.3

327.7
335.0
336.6

306.5
306.5
308.2

776.9
783.1
789.9

373.4
374.2
371.3

173.8
176.2
172.6

275.3
281.1
285.7

61.7
61.9
62.9

337.0
343.1
348.7

488.3
493.7
502.0

311.7
315.7
317.0

800.0
809.3
819.0

373.9
379.9
387.1

178.1
182.5
183.1

289.9
295.2
298.1

63.8
64.2
64.3

353.7
359.5
362.3

1122.8
1105.3
1095.3

513.1
524.4
537.9

322.8
330.7
339.6

835.8
855.1
877.5

392.9
396.7
400.3

192.4
188.8
190.8

295.5
301.9
306.0

65.8
67.2
69.1

361.3
369.2
375.1

374 . 5
372 . 7

1104.1
1097.7

525.3
529.0

332.0
333.0

857.3
862.0

395.4
398.9

186.4
191.0

302.6
306.2

67.3
67.9

370.0
374.1

1993-NOV.
DEC.

At
commercial
banks
784.4
784.3

At
thrift
institutions
430.1
429.0

1994-JAN.
FEB.
MAR.

786.3
788.2
791.9

APR.
MAY
JUNE

Week e n f l i n q
1 9 9 5 - F E B . 20
27

Institutiononly money
market funds

Total

Total

Total
334.8
332.3

MAR.

6
13
20
27

725.6
726.4
723.6
721.2

372 . 9
372 . 4
371 .8
370 . 3

1098.5
1098.8
1095.4
1091.5

532.5
536.2
538.5
540.4

336.2
338.3
339.9
341.4

868.7
874.5
878.4
881.8

395.3
401.1
400.5
402.8

188.0
191.6
190.7
193.4

306.4
305.9
307.2
306.1

68.5
68.9
69.1
69.4

374.9
374.7
376.3
375.5

APR.

3
lOp
17p

721.1
726.1
722.4

370 . 5
370 . 8
368 . 1

1091.6
1096.9
1090.6

543.6
545.8
547.8

343.5
345.6
347.5

887.0
891.4
895.2

401.7
406.4
406.8

189.3
190.5
193.2

300.7
304.0
306.1

70.2
70.5
71.2

370.8
374.5
377.3

Savings deposits include money market deposit accounts.
Small-denomination time deposits—including retail RPs—are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and thrifts are subtracted from small time deposits.
Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities.
Large-denomination time deposits at commercial banks less those held by money market mutual funds, depository institutions, U.S. government, and foreign
banks and official institutions.

preliminary
Digitized pfor FRASER


Page 9
H.6 (508)
Table 5 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Term RPs 1
At commercial
banks

At thrift
institutions

Total

Term
Eurodollars2

1993-NOV.
DEC.

7 0 , ,5
7 1 , ,6

2 5 , .9
2 6 , .0

96.4
97.6

4 8 ,, 1
4 6 , ,5

170.6
171.4

1994-JAN.
FEB.
MAR.

67.0
64, .8
68, .3

2 6 , .6
2 7 ,. 5
2 7 , .2

93.7
92.3
95.5

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

172.6
173.7
174.6

APR.
MAY
JUNE

7 1 , .4
69, . 1
7 2 ,. 1

2 7 , .6
28 .9
30 .4

99.0
98.0
102.5

46 . 5
47.7
50 .3

JULY
AUG.
SEP.

7 1 , .0
68, .4
68, ,4

32 .0
32 .9
33 . 5

103.1
101.3
101.9

OCT.
NOV.
DEC.

67 .2
67 . 5
67 .7

34 .7
35 . 5
37 .6

1995-JAN.
FEB.
MAR.

70 .2
73 .4
72 .9

Date

Week e n d i n a
1 9 9 5 - F E B . 20
27

1.
2.

Debtcomponents 6

Non-M3 Components of L
Savings bonds

Short-term
Treasury
securities 3
332.5
342.6

Bankers
acceptances 4

Commercial
paper6

Federal debt

Non-Federal
debt

15.7
15.3

385.6
389.3

3287.0
3329.5

8954.3
8997.9

345.3
342.7
348.3

15.6
15.5
15.2

398.9
402.0
389.7

3333.0
3345.4
3374.4

9050.7
9071.9
9084.1

175.4
176.2
176.9

352.5
355.3
345.6

13.7
11.4
10.6

387.3
385.0
390.9

3376.8
3379.7
3394.5

9112.6
9144.1
9199.9

5 1 .0
5 1 .2
52 . 1

177.4
177.9
178.4

351.0
359.5
343.5

10.8
11.1
11.6

389.5
382.0
393.0

3393.9
3418.5
3438.6

9246.8
9271.8
9317.7

101.9
102.9
105.3

53 .0
55 . 3
53 .7

179.0
179.7
180.2

342.9
359.3
375.4

11.8
11.0
10.3

408.6
408.0
428.9

3448.8
3485.4
3499.0

9367.2
9404.9
9457.7

38 .8
39 .2
39 .4

109.0
112.6
112.3

54 . 8
57 .6
58 .7

180.6
180.8 p

378.5
404.1 p

10.3
10.3 p

436.8
446.3 p

3499.0
3525.1 p

9499.8
9524.1 p

72.4
74 .2

39 .4
39 .4

111.8
113.6

58.0
59 .4
.5
.7
.1
.6

MAR.

6
13
20
27

72 . 5
73 . 3
72 .7
74.6

39
39
39
39

.2
.4
.6
.8

111.7
112.6
112.3
114.5

58
58
58
59

APR.

3
lOp
17p

70 . 5
72 .2
80 .0

38, . 5
39 . 1
40 .2

108.9
111.3
120.2

58.3
58 .2
6 1 .7

4.
5.
6.

Term RPs are those with original maturities greater than one day, excluding continuing contracts and retail RPs.
Term Eurodollars are those with original maturities greater than one day. Consists of those 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
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.
Total 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

preliminary

3.




Page 10

H.6 (508)
Table 6

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

1993-NOV.
DEC.

U.S. government deposits

IRA and Keogh Accounts

Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

10.8
10.9

4.1
5.2

5.6
6.7

8.8
16.2

18.4
28.1

2.7
2.6

144.6
144.2

115 . 3
114 . 6

49 . 1
49 . 8

309.0
308.6

1.5

5.8
4.2
4.3

7.3
6.3
5.2

25.2
27.9
15.7

38.3
38.4
25.1

2.1
2.6
2.4

143.9
143.6
142.6

114 . 0
113 . 4
112 . 9

48 . 6
48 . 6
51 .8

306.5
305.6
307.3

Foreign
commercial
banks

Foreign
official
institutions

8.2
9.1

1.8
1.6

8.5
8.4

1.6

Note
balances at
depository
institutions

Total
cash
balance

Timg and
At
deposits^ commercial
commercial
banks
banks

At
thrift
institutions

At
money
market
funds

Total

1994-JAN.
FEB.
MAR.

8.1

1.6

11.3
11.9
12.5

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

112 . 6
112 . 2
111 .5

54 . 8
56 . 4
56 . 8

309.6
310.9
310.6

JULY
AUG.
SEP.

8.3
7.7

1.5
1.5
1.5

13.4
14.0
14.6

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

1 1 1 , .2 e
1 1 0 , .2 e
1 0 9 . ,2 e

55, .9 e
56, . 1 e
56, . 8 e

309.6 e
308.9 e
308.6 e

OCT.
NOV.
DEC.

8.2

8.0

8.4

1.6
1.8
1.6

14.9
15.0
15.0

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
142.9
143.3

1 0 8 , .1 e
108, 7 e
108. 6 e

58, ,3 e
59. 4 e
5 9 . ,7 e

309.7 e
311.0 e
311.5 e

1995-JAN.
FEB.
MAR.

8.2
7.8
7.9

1.6
1.6
1.6

15.0
14.9
14.9

4.9
3.3
3.4

7.0
5.9
5.2

20.0
21.1
10.1

31.9
30.3
18.8

1.2
2.2
2.3

143.7
144.6
145.5

108. 8 e
109. 2 e
109. 3 e

59. 6 e
59. 6 e
59. 6 e

312.0 e
313.4 e
314.4 e

7.9
8.0

1.6

1.5

14.9
14.8

3.4
3.2

5.7
5.2

18.9
19.9

28.0
28.4

2.3
2.2

1.8

3.7
2.9

5.2
5.3
6.1
4.6

14.4
7.9
8.7
9.8

23.2
16.1
19.2
17.2

2.3
2.2
2.3
2.3

5.0
5.1
5.7

10.8
7.5
5.2

19.4
15.9
18.2

2.3
2.6
2.6

8.1

Week e n d i n g
1 9 9 5 - F E B . 20
27
MAR.

APR.

e
p

Time and
savings
deposits
due to
foreign
banks and
official
institutions

6
13
20
27

7.9
7.7
7.9
8.0

1.5

14.8
14.9
14.9
14.9

3
lOp
17p

8.0
7.2
7.4

1.7
1.5
1.6

14.9
14.9
14.9

estimated
preliminary




1.5

1.6

H.6 (508)
Special Supplementary Table

Monthly Survey of Selected Deposits1
February 28,1995 and March 31,1995
(not seasonally adjusted)
Insured Commercial Banks
Amount Outstanding ($mil.)

Change
(b. p.)

Feb. 28

Mar. 31

0.93

2.01

2.00

-1

713,012
564,743
148,269

-0.27
-0.02
-1.21

3.09
N.A.
N.A.

3.13
N.A.
N.A.

4
N.A.
N.A.

31,777
98,248
169,103
176,877
191,383

31,364
96,500
176,093
184,427
194,030

-1.30
-1.78
4.13
4.27
1.38

4.19
4.83
5.57
6.12
6.52

4.23
4.94
5.60
6.12
6.47

4
11
3
0
-5

145,040

145,814

0.53

N.A.

N.A.

N.A.

Liability Categories

Feb. 28

Mar. 31

NOW Accounts

290,188

292,877

Savings Deposits
Personal
Nonpersonal

714,955
564,877
150,078

Interest-bearing time deposits with
balances of less than $100,000
with original maturities of:
7 to 91 days
92 to 182 days
183 days to 1 year
1 to 2-V2 year
2-V2 years and over
All IRA/Keogh Plan deposits3

2

Change
(percent)

Average Rate Paid (%)

BIF-insured Savings Banks 4
Amount Outstanding ($mil.)

3.21

2.04

2.00

-4

68,986
66,045
2,941

-1.42
-1.64
3.66

2.95
N.A.
N.A.

2.94
N.A.
N.A.

-1
N.A.
N.A.

2,086
11,953
19,979
21,870
22,275

1,971
11,882
20,613
22,916
22,511

-5.52
-0.60
3.17
4.78
1.06

4.17
5.33
5.94
6.37
6.75

4.22
5.38
5.95
6.32
6.68

5
5
1
-5
-7

20,099

20,231

0.65

N.A.

N.A.

N.A.

10,950

11,301

Savings Deposits
Personal
Nonpersonal

69,982
67,144
2,837

Interest-bearing time deposits with
balances of less than $100,000
with original maturies of:
7 to 91 days
92 to 182 days
183 days to 1 year
1 to 2-7 2 year
2-Vz years and over
All IRA/Keogh Plan deposits3

2

Change
(b.p.)

Mar. 31

Mar. 31

NOW Accounts

Change
(percent)

Feb. 28

Feb. 28

Liability Categories

Average Rate Paid (%)

N.A. — data are not available
NOTE: Data for earlier month may show revisions.
1. Estimates are based on data collected by the Federal Reserve System from a stratified random sample of about 425 commercial
banks and 75 savings banks. All rates are expressed as annual effective yields.
2. Includes personal and nonpersonal money market deposit accounts.
3. Total IRA and Keogh Plan deposits regardless of size, type of instrument in which held, or interest rate paid.
4. BIF-insured savings banks include both mutual and federal savings banks.