Full text of H.6 Money Stock Measures : April 25, 1985

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

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

APBIL

Billion* of dollars
M1

M2
M1 plus overnight RPs
and Eurodollars.
MMMF balances (gen. pur
and broker/dealer), MMDAs,
and savings and small
time deposits3

Sum of currency,
travelers checks,
demand deposits and
>ther checkable deposits1

Date

"ST

25. 1985
Debt

M2 plus
large time deposits.
term RPs, term Eurodollars
and institution-only
MMMF balances3

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors9

I

Seasonally adjusted

1 9 8 4 — BAR.
APB.
BAT
JUBE
JULI
AUG.
SEPT.
OCT.
HO?.
DSC.

537.3
539.2
542.5
547.3
546.9
548.9
551.5
548.3
553.8
556.5

1985—JAB.
FEB.
HAB.

562.7
569.3
572.0

2229.1
2241.1
2255.2
2269.3
2280.2
2292.8
2306.2
2318.7
2345.6
2371.3

I
I

2398.8
2420.9
2429.2

5398.4
5458.0
5519.7
5575.5
5635.0
5692.5
5741.0
5796.9
5866.9
5936.6

3267.8
3293.3
3328*0
3366.7
3402.7
3429.9
3459.4
3480.. 5
3508.9
3543.9

2765.4
2788.0
2815.2
2839.0
2862.1
2879.0
2901.3
2925.3
2959*9
2995.1

6000.8
6062.5

3020.6
3041.3
3054.8

Not seasonally adjoeted

1984—BAB.
APB.
HAT
JUNE
JOLT
A0G.
SEPT.
OCT.
MO 7.
DEC.

530.4
545*6
537.3
547.9
549.9
545.0
548.5
548.2
555.9
570.4

2228.5
2252.2
2251.3
2272.3
2285.7
2287.6
2298.7
2316.0
2343.8
2376.3

2766.4
2798.9
2812.8
2840.5
2863.7
2875.0
2891.3
2920.8
2960.4
3002.3

1985— JAN.
FEB.
HAB.

566.2
558.5
564.7

2404.0
2414.4
2429.5

3024.3
3034.t
3056.5

I 5374.2
| 5431.8
i 5493.5
I 5552.3
5613.6
I 5674.1
57 28.5
5786.5
i 585$.6
j 5930.2

3273.9
3305.1
3321.8
3367.9
3403.4
3423.6
3447.9
J476.2
J5G9.4
3545.2

I 5992.3
! 6038.6

M1
For period ended
13-week average
1985-BAfi.

APB.

HOT*:

11
18
25

564.0
565.2
566.2
567. 1

1
8 P
15 P

568.0
568.9
570.0

4

Seasonally adjusted
4-week average
j

570.5
571.3
571.6
571.6
572.2
573.0
573.8

week average

572.7
570.7
570.1
572.9
574.9
573.9
573.6

13-week average

Mot »«a»onai«y adjusted
4-week average

week average

566.3
566.4
566.1
565.2

559.1
560.9
562.4
563.6

563.9
568. 1
564.5
556.0

564.3
563.9
564.9

564.5
569.0
575.0

567.5
585.9
586.4

SPBCIAL CA0TIO1 SHOULD BE TAKEi I » IBTEBPBBTIBG MEBK-TO-1EBK CBAIGES I f BOfEI SUPPLI DATA, iBICH A l l
HI6HLI fOLATILB ABD SUBJECT TO BBYISIOf.
P—IBDICATBS PBBLIBINABY DATA.
FOOT1OTES APPEAR OB TBB POLLOBIWG PACE




H.6(506)
Tabla 2

MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES
fercant chang* at seasonally ad|ust«d annual ratas

M1
3 flONTHS FfiOH DEC.

1984 TO SAB.

6 3ONTHS F8OH SSPT.

1984 TO flAB. 1985

7.4

1984 TO J U B .

6.5

12 MONTHS FBOfl SAB.

1985

1985

9.7

M2
9.8
10.5
9.0

M3
8.0

Debt1

13.3

10.6

13.0

10.5

13.5

THIRTEEN BEEKS ENDING APB. 1 5 , 1985
YHOU THIBTBB1 UBBIS ENDING;

"./

1/

3/

5/

10.4

JAM.

T4, 1985 ( 1 3 BBSKS PBETIOOS)

OCT.

15 f

1984

(26 1BEKS PREVIOUS)

7.5

APB.

16,

1984

( 5 2 MBEKS PBETIOOS)

6.4

SB0WT8 BATES FOB DEBT ABE BASED OB PBBIODS BEGINNING ABD ENDING OBE HONTH EABLIEB TBAB FOB THE BOBBTABY AGGBBGAIES,
SABFLY, HOVBflBEB 1984 TO FEB80ABI 1 9 8 5 , AUGUST 1984 TO /EBBOARI 1 9 8 5 , AID FEBfiOABT 1984 TO FEBBOABT 1 9 8 5 , BESPECTIVELY.
FOOTNOTES TO TABLE 1
COISISTS OF (1) COBBBNCY OUTSIDE THE TBEASOBT, FEDBBAL BESERVB BISKS, AMD THE VIOLTS CF COBBEBCIAL BANKS;
(2) TBAVBLBBS CHECKS OF IOBBABK ISSOSBS; (3) DEMAND DEPOSITS AT ALL COHBEfiCIAL 3AUKS OTHER 1HAM THOSE CUE TO
DOMESTIC BANKS, TBE U . S . GO1BBBIEBT, ABD FOBBIGB BABKS ABD OFFICIAL INSTITUTIONS LESS CASH ITEHS IN THE PROCESS
OF COLLECTION AND FEDBfiAL BBSEBTE FLOAT; AND {<•) OTBEB CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDEB
OF WITHDRAWAL (SOI) AND AUTOMATIC TBANSFBB SEBTICE (ATS) ACCOUNTS AT OEPOSITOBT INSTITUTIONS,
CREDIT ONIOB SBABE DBAFT ACCOUNTS AND DERAND DEPOSITS AT TBBIFT INSTITUTIONS.
THE CUBREBCT AND DEMAND
DEPOSIT COflPONENTS EXCLUDE TBE ESTIBATED AHOUNT OF VAULT CASH AND DEMAND DEPOSITS, BESPBCTITELT, HELD BI
THRIFT INSTITUTIONS TO SEBTICE THEIB OCD LIABILITIES.
CONSISTS OF BI PLUS OTBSSIGfiT tAND CONTINUING CONTRACT) SPS ISSUED BY ALL COAHEBCIAL EANKS AND OVEBNIGHT EURODOLLARS
ISSnED TO U . S . BESIDBNTS BT FOBEIGB BBAHCHES OF U . S . BANKS NOBLDilDE, HHDAS, SAflNGS AND SHALL DENOMINATION
TIHE DEPOSITS {TIBE DEPOSITS—INCLUDING BETAIL 3PS—IN AMOONTS CF LESS THAN $ 1 0 0 , 0 0 0 ) , AND BALANCES I« BOTH
TAXABLE AND TAX-EXBHPT GENERAL PUBPOSS AND BBOKES/3EALB8 SONET flABRET MUTUAL FUNDS. EXCLUDES ISA AND KEOGH
BALANCES AT DEPOSITORI INSTITUTIONS AND BONET KABK2T FUNDS. ALSO EXCLUDES ALL BALANCES HELD B2 O.S, COMMERCIAL
BANKS, BONET 8ABKET FUNDS 'GENERAL P08POSE AND BBOKSB/DEALEfi), FOREIGN GOYEBNAENTS AND COHBEBCIAL BANKS, AND
THE 3 . S . GOYSSNABNT.
kL3O SUBTRACTED IS A CONSOLIDATION ADJUSTHXNT THAT EBPBBSENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASB HELD BY THBIFT INSTITUTIONS TO SEBYICE TBEIB TIHE AND SAYINGS DEPOSITS.
CONSISTS OF 82 PLUS LARGE DEMOHINATION TIME DEPOSITS (IN *MOUNTS OF $ 1 0 0 , 0 0 0 OR MORE) AND 1EBH RP LIABILITIS^ ISSUED
5T COHHEBCIAL BANKS AND THBIFT INSTITUTIONS, TERM EUBODOLLARS HELD BY U . S . RESIDENTS AT FOREIGN BRANCHES OF 0 , 5 . dANXS
aOBLDWIDB ABD AT kLL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AND TAX-EXSflP?
INSTITOTIOB-ONLf MONEY flABKET flUTUAL FUNDS.
EXCLUDES &3OUKTS HELD BY DEPOSITORY INSTITUTIONS, THE 0 . 5 . GCY£fiHHEMl,
aABKBT FUNDS, AND POBEIGN BANKS AND OFFICIAL INSTITUTIONS.
ALSO SDBTEACtED IS A CONSOLIDATION ADJUSTMENT THAT HEFSISEVTS
TBE ESTIMATED A8OUNT OF OYBBNIGBT BPS AND EURODOLLARS HELD BY INSTITGTION-ONLY MONEY MABKET MUTUAL FOUDS.
COISISTS OF fl3 PLUS THE BOBBANK PUBLIC HOLDINGS OF 0.S« SAYINGS BONDS, SHOBT-TEBM TREASUBY SECURITIES, COMMERCIAL
PAPER ABD BANKEBS ACCEPTANCES, NET OF KO9SY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS,
DEBT OF DOMESTIC 1O1FINANCJAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE 0HITED STATES ;OV£RNa/KTf
STATE kMD LOCAL GOYBBNIENTS AND PBIYATS NONFINAHCIAL SECTORS.
FBIVATB DEBT CONSISTS OF CO6PGRATE BONDS, 3OR1GAC25,
COBSUBEB CBEDIT /INCLUDING BANK LOANS), OTBEB BANK LOANS, COMMERCIAL PAPBB, BANKEBS ACCEPTA1CES AND OTHER DEBT
INSTRU8EBTS. THE DATA ABB DBBITBD PROS THE FEDEBAL BESEBYE BOARD'S FLOB CF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC
NONFINABCIAL SECTORS ABE PRESENTED IB HCNTH-AYERAGE FORM, DEBXYBD BI AVERAGING MOMTH-EMD LEVELS OF ADJACENT 9ONTHS. THE
DATA HAVE ALSO BBEN ADJUSTED TO REMOVE STATISTICAL DXSCOBTINOITIBS THAT HAT ABISE IN THE UNDEBLYING FLOW OF FUNDS STATISTICS.
TBE PBBSEBTATIOB CF DEBT DATA IN THIS RELEASE DXFFB8S, THEREFORE, FBOB T8Z QOABTSBLY FLOB OF FUNDS STATISTICS CONTAINED IB
IN THE FBDBBAL BBSBBVE BBLEASB5 2 . 7 ABD Z . 1 .
IN TBOSB RELEASES, PUBLISHED LEVELS OF CSEDIT MABKET DEBT ABE MEASOHED ON A
A QOARTBB-BND BASIS AND INCLUDE DISCONTINUITIES.




COMPONENTS OF THE MONEY STOCK
Othar

Data

Cunawcy*

T

cha*t»

Oamand
OspoeMs'

Norton•actions
oampi wants
In MS
on*/

at

rtnoadapoaM
at
thrift

9mM tana tfapoiiMa"
at

at

at

Lanis ttma dapoima*
at

latal

latal

1984-HAR.

151.2

5.0

245.5

135.6

1691.8

536.4

banks
130. 1

APR.
MAY
JUNE

152.1
152.8
154.3

5.1
5.1
5.1

245.9
246.3
248.9

136.1
138.3
139.0

1701.8
1712.8
1722.0

546.9
560.0
569.6

129.3
128.8
128.7

172.6
172.7
172.1

301.9
301.5
300.8

361.2
366.2
371.0

450.0
456.4
463.0

811.2
822.6
834.0

237.6
245.2
249.4

120.1
124.6
130.1

357.7
369.8
379.5

JULY
AUG.
SEPT.

155.0
155.9
156.8

5.2
5.2
5.1

247.3
246.8
247.5

139.4
141.0
142.2

1733.3
1743.9
1756.7

581.9
586.2
593.1

128. 1
127.0
126.1

171.0
169.5
168.5

299.1
296.5
294.6

374.7
378.8
381.7

468.9
476.2
482.7

843.6
855.0
864.4

254.6
255.0
258.0

134.6
137.6
138.1

389.3
392.6
396.1

OCT.
NOV.
DEC.

157.1
157.9
158.7

5.0
5.1
5.2

244.5
246.8
248.6

141.8
143.9
146.0

1770.3
1791.9
1812.9

606.6
614.3
623.8

124.9
123.8
122.6

167.7
166.9
166.0

292.6
290.7
288.6

383.1
384.5
387.0

489.0
493.4
498.0

872.1
877.9
885.0

263.2
263.6
264.4

142.5
147.6
152.4

405.7
411.2
416.8

1985-JAN.
FEB.
MAR.

159.4
160.5
161.3

5.3
5.3
5.4

249.1
251.7
251.8

148.9
151.7
153.5

1836.1
1851.6
1857.2

621.8
620.4
625.6

121.6
121.4
120.3

167.0
168.2
168.7

288.7
289.6
288.9

384.7
382.0
382.8

496.8
495.1
495.7

881.4
877.2
878.5

262.3
264.4
269.4

155.0
155.4
154.1

417.3
419.7
423.5

banks*

banks

172.8

302.9

356.5

445.7

802.3

233.9

115.8

349.7

WEEK ENDING
1985
MAR.

APR.

1/
2/
3/

4/

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

4
11
18
25

161.4
161.1
161.1
161.3

252.7
251.5
250.7
252.3

153.2
152.8
153.0
153.9

121.0
120.5
120.2
120.0

381.6
381.9
382.3
383.4

266.5
267.7
269.5
270.5

1
8 P
15 P

161.5
161.8
161.3

253.8
251.8
252.1

154.2
154.8
154.8

119.9
119.4
119.3

384.8
387.7
388.2

271.4
271.1
271.7

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND VAULTS OF COMMERCIAL BANKS. EXCLUDES 1HE ESTIMATED
AHOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DBHAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DUE 10 DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LISS CASH ITEMS IN THS PROCESS OF COLLECTION AND FEDERAL BESEBVB FLOAT.
EXCLUDES THE ESTIMATED AMOUNT OF DBHAND DEPOSITS HELD AT C0HH8BCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
CONSISTS OF NOW AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CRBDIT UNION SHARE DRAFT BALANCES AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLB DEPOSITS SEASONALLY ADJUSTED 8QUALS THE DIFFERENCE BETHBEN THE
SEASONALLY ADJUSTED SUM OF DBHAND DEPOSITS PLUS OCD AID SEASONALLY ADJOSTED DEMAND DBPOSITS. INCLUDED ARE ALL CEILING
FREE "SUPER HOBS," AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEREGULATION COMMITTEE TO ES CFFERED BEGINNING JANUARY 5,
1983.
SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, HONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER)
Bit DAS, AMD SAVINGS AND SMALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF
DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS LIABILITIES.
SUB OF LARGE TINE DEPOSITS, TERM RPS AMD TERM EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTICNONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AHOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY
INSTITUTIQN-ONLY HONEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE HHDAS.
SMALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000, ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SHALL
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 HONEY MARKET MUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AMD OFFICIAL INSTITUTIONS.







H.6(508)
Table 4

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

Date

2/
3/
4/

Non-M3 components of L
bankers acceptances1
short-term treasury
securities1

commercial paper*

Debt components4
federal debt
non-federal debt

1984-FEB.
MAR.

71,8
72.1

233.2
243.4

42.9
44.0

142.9

1214.5
1224.6

4128.9
4173.7

;pe.
HAY
JUNE

72.5
72.7
73.0

242.0
241.5
251.6

44.7
46.5
47.7

146.1
152.0
155.5

1236.8
1251.9
1261.3

4221.3
4267.8
4314.2

JULY
AUG.
SEPT.

73.1
73.3
73.6

259.9
269.2
280.4

48.2
47.8
46.8

159.4
160.5
157.2

1277.9
1299.0
1311.1

4357.1
4393.5
4430.0

OCT.
NOV.
DEC.

73.7
73.9
73.9

279.9
275.0
271.8

44.8
42.5
41.3

156.7
157.6
161.8

1325.2
1347.2
1367.1

4471.7
4519.6
4569.6

1385.5
1402.2

4615.3
4660.3

1985-JAN.
FEB.

1/

savings bonds

138.1

CONSISTS OF U . S . TREASURY BILLS AND C(
MJFONS WITH BEHAINING MATURITIES OF 1ESS THAU 12 MOUTHS HRT.n RV nTUFD TP» II

nVDACTVAD*

INSTITUTIONS, FEDEBAL RESEBVE BANKS, HOMET NABKET HOT0AL PONDS ABO FOBEIGN ENTITIES.
NET OF BANKEBS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL BESCBVE BANKS, FOREIGN OFFICIAL INSTITUTIONS. THE FEDEBAL
HOSE LOAN BANK SYSTEH AND HONEY HABKET ROTQAL FONDS.
TOTAL COHHEBCIAL PAPEB LESS COHSEICIAL PAPEB HELD BY HONEY HABKET HUTOAL FONDS.
DEBT DATA ABE ON A HONTHLY AVEBAGE BASIS, DEBIVBD BY AVERAGING BND-OF-HONTH LEfBLS OF ADJACENT HONTHS. AND HAVE BEEN
ADJUSTED TO REHOVE 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

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

Travelers
checks2

Demand
deposits3

149.9

4.8

240. 1

100.3

35.4

135.7

1698. 1

537.9

45.3

11.3

144.8

APE.
MAY
JUNE

151.6
152.9
154.9

4.8
5.0
5.4

248.6
242. 1
247.8

103.4
100.3
101.7

37.3
37. 1
38.1

140.6
137.4
139.8

1706.6
1714.0
1724.3

546.7
561.4
568.2

45.2
46.2
43.3

11.1
12.1
12.6

145.9
146.5
148.9

JULY
AUG.
SEPT.

156.3
156.5
156.5

5.8
5.7
5.4

248.4
243.8
246.1

101.0
100.7
101.7

38.4
38.2
38.8

139.4
138.9
140.5

1735.8
1742.7
1750.1

578.0
587.3
592.6

42.7
45.0
44.1

13.6
13.4
12.6

150.5
150.6
152.1

OCT.
NOV.

156.7
158.7
160.9

5.0
4.6
4.9

245.8
248.9
257.4

101.5
103.1
105.9

39.3
40.4
41.3

140.8
143.4
147.2

1767.8
1787.9
1805.9

604.8
616.6
626.0

44.7
47.9
45.2

12.1
10.1
12.4

155.6
162.0
167.7

158.3
158.6
159.8

4.9
5.0
5.1

254.9
244.9
246.3

108.3
107.7
109.9

41.8
42.3
43.7

150.1
150.0
153.5

1835.8
1855.9
1864.7

620.3
620.2
627.0

48.7
56.3
55.7

14.2
13.4
12.0

172.2
175.4
177.9

Date

1984-MAR.

DEC,
1985-JAN.
FEB.
HAS.

Currency1

at commercial
banks4

at thrift
institutions9

total

in M2 e

in M3 only7

Overnight
RPt»

KEEK ENDING:

1985-MAR.

APR.

4
11
18
25

159.0
160.4
159.8
159.2

246.7
247.8
246.6
241.9

109.6
110.7
109.6
108.7

43.4
44. 1
43.4
43.0

153. u
154.7
152.9
151.7

59.7
57.0
55.3
54.5

12.9
10.2
1U7
12.8

177.0
178.2
177.8
178.4

1
8 P
15 P

159.3
162.5
161.6

249.0
256.8
258.9

109.9
114.8
116.1

44.1
46.6
46.7

154.0
161*4
162.7

53.4
42.4
46*0

13.1
8.8
11.3

177.4
178.1
178.4

1/ CURRENCY O0TSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AMD THE VAULTS OF COMMERCIAL BANKS.
2/
3/
4/

5/
6/
7/
8/
9/

EXCLUDES THE ESTIMATED
AMOUNT OF VAUL? CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF MOMBANK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.B. FLOAT, LESS THE ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF NOy AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER NOHS OF $38.1 BILLION IN THE REEK ENDED APRIL 1, $39.3 BILLION IN THE BEEK ENDED APRIL
8, AND $39.9 BILLION IN THE MEEK ENDED APRIL 15.
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 HOWS OF $15.5 BILLION IN THE WEEK ENDED APRIL
1, $16.2
BILLION IN THE WEEK ENDED APRIL 8, AND $16.2 BILLION IN THE SEEK ENDED APRIL 15.
SUN OF OVERNIGHT RPS AND EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), HHDAS AND SAVINGS
AND SMALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THJ2IFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET ?Q*D BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOONT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY
MONEY MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BASKS TO OTHER THAN DEPOSITORI INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
ISSUED BY FOREIGN BRANCHES OF 0.S. BANKS WORLDilDB TO D.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AID
MONEY MARKET MUTUAL TU^DS (GENERAL PURPOSE AND BROKER/DEALER).




H.6 (508)
Table 5-continued

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

Date

Money rrtarket deposit accounts
at
at
thrift
total
commercial
institutions
banks

at
commercial
banks

Savings deposits1
at
thrift
institutions

total

Small denomination time deposits2
at
at
thrift
total
commercial
banks
institutions

Large denomination time deposits3

at

at

commercial
banks4

thrift
institutions

total

1984-HAR.

243.4

153.4

396.9

130.4

172.6

303.0

357.6

446.3

603.9

234.6

115.2

349.9

APfi.
MAY
JUNE

246.3
245.3
245.9

154.7
154.1
151.9

401.0
399.4
397.8

130.7
130.2
130.0

173.7
173.8
174.4

304.5
304.0
304.4

356.0
362.0
367.1

448.2
450.9
457^2

806. 1
812.9
824.4

235.4
243. 1
248.5

119.3
124.6
129.7

354.7
367 7
378.2

JULY
AUG.
SEPT.

244.9
243.6
244.8
248.2
257.1
267. 1
280.4
289.3
294.0

149.3
145.3
143.8
143.9
145.4
147.9

394.2
388.9
388.6

129.3
126.8
125.2

173.3
168.9
167.4

302.6
295.7
292.6

372.7
379.9
384.0

466.6
475.9
483.3

839.3
855.8
867.3

253.5
256.4
259.3

134.6
138.7
138.7

388.0
395. 1
398.0

392.0
402.4
415.1

124.3
122.7
121.4

167.4
166.1
164.9

291.7
288.8
286.3

386.2
387.1
387.6

492.6
496.9
498.8

878.7
883.9
886.4

264.0
263.6
265.9

143.6
148.1
151.6

407. 6
411.7
417.5

153.2
158.9
163.8

433.6
448.2
457.3

12U1
120. ft
120.6

165.8
1*6-1
168.5

286.9
287.1
289.1

386.3
384.1
383.7

501. 6
499. 0
496.1

887.9
883.2
879.8

263. 0
263.9
269.7

154.5
155.3
153*2

417

OCT.
NO?.
DEC.
1 9 8 5 - JAB.
FBfi.
HAfi.

11

APB.

1/
2/
3/
4/

4
11
18
25

292.6
293.5
293.9
294.1

120.3
120.6
120.5
120.5

383.4
383.4
383.5
383.9

266.7
268*3
269.2
271.3

1
8 P
15 P

295.2
297.2
297.3

121.0
121.6
121.0

384.3
384.0
384.3

271.7
270.8
269.5

SAVINGS DEPOSITS EXCLUDE MMDAS.
SMALL DENOMINATION TIHE DEPOSITS — INCLCDIIG RETAIL EPS — ARE THOSE ISSUED 18 AflOOBTS OF LESS THAI $100,000. ALL
INDIVIDUAL HETIREMENT ACCO0MTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BARKS AND THRIFTS ARE SUBTRACTED FROfl SflALL
TIME DEPOSITS.
LARGE DENOMINATION TIHS DEPOSITS ARE THOSE ISSUED II AflOUITS OP $100,000 OR HORE, EXCLUDING THOSE BOOISO AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOMINATION TIBE DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY MONET MARKET H0T1AL FUNDS, 0KPOSXTOHY
INSTITUTIONS AND FOREIGI BAIKS AID OFFICIAL INSTITUTIONS.




S
j

0

422.9

WEEK ENDING
1985
MAR.

f •

(11Q

H.6 (506)
Table 5-continued

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

Date

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

Term
Eurodollars2

Savings
bonds

Non M3 Components of L
Short-term
treasury
Bankers
securities*
acceptances 4

Components of Debt
Commercial
Federal detot*

Non-Federal*
debt

1984-MAR.

45.0

31.9

21.6

53.5

93.2

72.1

251.2

43.0

141.2

1223.6

4150.6

APR.
HA?
JUNE

45.0
45.3
45.7

32.5
32.0
29.2

24.8
27.5
30.0

57.3
59.5
59.2

93.1
93.6
89.5

72.3
72.6
72.8

244. 1
238.$
249. 1

43.4
45.7
47.2

146.4
152.1
158.3

1235.9
1248.7
1255.8

4195.9
4244.8
4296.6

JULY
AUG.
SEPT*

46.1
46.2
46.9

28.1
30.7
31.3

31.8
33.4
35.*

60.0
6*. 1
66.6

88.4
86.7
86.0

73.0
73.3
73.5

258.0
267.9
277.5

47.5
47.7
47.2

161.2
159.8
158.4

1270.8
1295.8
1310.5

4342.8
4378.4
4418.0

OCT.
NOV.
DEC.

52.2
58.3
62.7

33.1
35.4
32.5

36.1
35.3
37.3

69.3
70.7
69.7

81.0
82.1
83.2

73.8
74.0
74.2

278.2
272.3
269. 1

45.1
43.3
42.6

158.3
159.4
156.9

1323.0
1343.0
1364.7

4463.5
4511.6
4565.5

19 8 5 - J A M .
FEE.
MAR.

65.0
62.2
59.5

29.9
31.2
32.7

35.1
34.4
35.4

65.0
65.6
68.0

80.9

1383.1
1397.4

4609.2
4641.1

4
11
18
25

61.5
59.8
58.4
58.8

32.2
31.6
33.2
32.9

1
8 P
15 P

59.9
58.4
57.8

33.3
40.3
35.6

8L4

85.0

WEEK E N D I N G :
1985-MAR.

APR.

1/

2/
3/
4/
5/
6/

TERM RPS ARE THOSE IITR ORIGINAL MATURITIES GREATER T f l A H O N E D A T ,

EXCLUDING CONTINUING COMTRACTS AH D 6fitAlt RPS.
1SCL0
A RELATIVELY SMALL AMOUNT OP OVERNIGHT EPS AT THRIFT I1STITUTIOHS.
TERH EURODOLLARS ARE THOSE «ITH ORIGINAL MATURITIES GREATER THAI OSE DAT. CONSISTS OF THOSE ISSOED TO 0.5. RESIDENTS BT
FOREIGN BRANCHES OF U.S. BANKS HORLDSIDE AND BT ALL BAHKIBG OFFICES IS TBS UNITED KIIGDOH AMD CABADA. EXCLUDES THOSE HELD
BT DEPOSITORY INSTITDTIONS AND HOMEY HABK2T HOTUAL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AND COUPONS HITS REHAINING MATOfiITIES Of LESS THAN 12 H0MY3S HELD BT OTHER THAN DEPOSITORI
INSTITUTIONS, FEDERAL BES2RVE BABKS, 50NET BASKET MUTUAL FUNDS, AND FORBIGP ENTITIES.
NET OF BANKEhS ACCEPTANCES HELD BX ACCEPTING BANKS, FBDERAL BESEBVE BAMKS, F0BEI6V OFFICIAL IBSTITDTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AID MOIET BASKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPEE LESS COMMERCIAL PAPER HELD BT MONET MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DEBITED BT ATEBAGING END^OF-MOSTB LEVELS OF i&JACBNT MONTHS, M D HAVE BSSI
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
banks

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

8.4

2.0

7.7

3.0

4.0

14.5

21.5

0.9

34.2

47.4

5.7

87.3

APR.
HAY
JUNE

8.3
8.7
8.6

1.9
2.1
2.0

8.0
8.2
8.4

3.8

6.7
4.6
3.8

12.7
10*0

23.2
17.4
16.2

0.9
0.9
0.9

38.1
39.4
40.0

51.1
52.9
53.9

6.2
6.3
6.2

95.4
98.6
100.0

JULY
AUG.
SEPT.

8.7
8.4
8.4

2.0
1.9
2.0

8.4
9.0
9.4

2.8

9.0

3.4

4.0
3.6
6.0

15.8
13.9
23.6

0.9
0.9
1.0

40.6
41.3
41.9

54.7
55.1
55.9

6.2
6.2
6.2

101.5
102.7
104.0

OCT.
MOV.
DEC.

8.5
8.8
8.6

1.8
2.1
2.0

2.7
2.8
3.4

4.0
3.2
3.4

8.4

9.4
9.5

15.1
13.6
16.0

1.0
1.1
1.0

42.6
43.2
43.8

56.9
57.7

6.2
6.5

59.0

6.7

105.7
107.3
109.5

1985-JAN.
FEB.
MAB.

8.5
8.3
7.5

1.9
2.1
1.8

9.2
8.9
8.7

3.7

4.0
4.3
3.8

14.9
12.7

22.5
20. 1
16.6

1.1
1.1
1.0

45.3
47.0
48.8

61.4
63.2
65.7

7.0

3.2
3.6

4
11
18
25

8.0
7.6
7.2
7.6

I.9
1.8
1.8
1.8

8.9
8.Q
8.7
8.7

2.9
3.0
6.3
3.0

3,2
4.2
3.7
4.3

12.1

18.2
12.2
15.5
21.0

1.0
1. 1
1.0
1.0

1
8 P
15 P

7.5
8.3

1.9
1.8

2.0

2.7
3.2
4.4

3.3
4.4
3.3

17.1
13.2

7.7

8.7
8.6
8.5

1.0
1.0
1.0

1984-MAB.

SEEK
1985
HAS.

APR.

9.2

2.7
3.9

2.9

8.5

7.5

14.1
7.5
9.1

9.2

ENDING:

e = estimated




5.0
5-5

13.7
11.0
5.6
1.4

9.1

7.4e
7.7e

113.7
117.6e
122.2e

SPECIAL SUPPLEMENTARY TABLE
Monthly Survey of Selected Deposits and Other Accounts
At All Insured Commercial Banks and All Mutual Savings Banks1
February 27, 1985 and March 27, 1985
(not seasonally adjusted)
Liability Categories

Insured Commercial Banks
Amount Outstanding ($mil) Average Rate Paid (I)
February 27
March 27
February 27
March 27

"Super NOW" accounts2*
(standard error of the estimate)

36,451
(510)

Money market deposit accounts^*

292,510

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

36,966
(493)
295,138

Number of Issuing Banks
February 27
March 27

6.78

6.79

11,832

11,748

7.72

7.75

12,811

12,872

5,210
(388)

5,344
(420)

7.79

7.83

7,902

7,820

32 to 91 days
(standard error of the estimate)

18,448
(730)

18,440
(726)

7.90

8.10

13,085

12,899*

92 to 182 days
(standard error of the estimate)

162,504
(2,256)

161,383
(2,333)

8.63

8.93

13,737

13,639

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

60,120
(1,250)

61,231
(1,221)

8.97

9.32

12,701

12,866

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

71,347
(1,466)

73,518
(1,655)

9.61

9.87

13,239

13,155

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

106,353
(1,581)

107,458
(1,632)

10.07

10.32

12,764

12,642

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

47,822
(295)

49,887
(335)

(N.A.)

(N.A.)

13,097

13,104

Retail repurchase agreements6
(standard error of the estimate)

1,297
(265)

1,293
(240)

7.47

7.51

2,883

2,898

Liability Categories

State-Chartered Mutual Savings Banks
Amount Outstanding ($mil)
Average Rate Paid (Z)
Number of Issuing Banks
February 27
March 27
February 27
March 27
February 27
March 27

"Super NOW" accounts2*
(standard error of the estimate)

959
(2)

1,000
(2)

7.08

7.08

214

213

Money market deposit accounts5*
(standard error of the estimate)

28,156
(83)

28,431
(79)

7.97

8.01

347

346

224
(32)

255
(33)

7.70

7.71

109

109

32 to 91 days
(standard error of the estimate)

1,053
(69)

1,075
(69)

8.02

8.11

273

273

92 to 182 days
(standard error of the estimate)

25,476
(90)

25,017
(71)

8.77

9.01

354

353

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

10,600
(48)

10,813
(113)

9.32

9.58

317

323

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

10,835
(241)

10,569
(414)

9.87

10.02

339

338

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

18,661
(159)

18,821
(137)

10.41

10.63

341

340

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

8,931
(201)

9,166
(206)

(N.A.)

(N.A.)

352

351

Retail repurchase agreements6
(standard error of the estimate)

90
(70)

95
(68)

7.71

7.80

61

61

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)

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 $1,000 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 $1,000 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 $1,000 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 size, 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.
* In January, 1985 the minimum balance required in Super NOW and MMDA accounts was lowered from $2,500 to $1,000.