Full text of H.6 Money Stock Measures : April 29, 1994

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. o^cow.

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

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

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

A P R I L 29, 1994

Billions of dollars

Date

M11

DEBT5

M33

M22

Seasonally adjusted
4190. 7
4189. 9
4183. 7
4186. 0
4196. 7
4200. 4
4196. 9
4194. 1
4 1 8 3 . ,0

5025. 4
5021. 7
5026. 9
5026. 6
5041. 0
5056. 7
5058. 5
5065. 3
5057 . 1

11335.8
11381.9
11435.0
11494.3
11553.6
11598.1
11626.0
11665.9
11721.5

3 5 0 2 ..8
3 4 9 4 . .2
3 4 9 4 .. 8
3 4 9 8 .. 0
3 5 2 1 .9
3528 .7
3533 .6
3535 .7
3543 .6
3545 . 1
3556 .2
3563 . 1

4 1 6 2 . .4
4 1 5 6 ..0
4 1 5 4 ..6
4162 . 0
4187 .6
4187 . 8
4186 .8
4186 .5
4195 .2
4200 .6
4212 .9
4224 .9

5 0 4 0 . ,0
5 0 3 5 . .5
5 0 3 6 . .4
5053 . 8
5086 .8
5087 .3
5083 .7
5092 .5
5085 .5
5093 .2
5104 .8
5123 .7

11758.5
11782.3
11822.2
11869.0
11914.9
11979.7
1 2 0 3 7 .7
12092.8
12145.7
12181.7
12244.6
12321.5

3569 .4
3565 .9
3581 .2

4228 . 5
4200 .4
4208 .7

5140 .8
5130 .9 p

12373.7
12422.9 p

1992-APR.
MAY
JUNE
JULY
AUG.
SEP .
OCT .
NOV.
DEC.

943. 7
952. 7
954. 7
964. 2
976. 1
989 . 2
1004. 2
1016. 6
1 0 2 4 . .8

3481.
3482.
3477.
3480.
3489.
3496.
3507.
3510.
3509.

19 9 3 - J A N .
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1033 . 0
1035,.4
1040 .2
1047 . 1
1067 .7
1076 .6
1086 . 8
1095 .3
1105 . 1
1113 .4
1122 . 4
1128 . 4

19 9 4 - J A N .
FEB.
MAR.

1133 . 5
1138 .6
1142 .4

9
1
8
7
4
6
5
5
0

Not seasonally adjusted
1992-APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

954.7
943.9
952.0
962.9
971.0
983.6
1001.8
1022 . 4
1046.7

3498.9
3467.4
3473.4
3478.1
3484.1
3486.7
3504.6
3517.4
3527.6

4205.2
4180.2
4179.8
4180.3
4195.5
4190.0
4190.5
4203.6
4198.2

5035. 2
5001. 1
5016. 7
5012. 9
5032. 9
5045. 2
5050. 3
5 0 8 3 ..6
5 0 8 7 ..6

11307. 1
11348. 7
11400. 0
11452. 0
11512. 6
11564. 9
11599. 4
11658. 2
1 1 7 2 3 . .3

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
1084.6
1088.8
1099 . 1
1111.8
1129.6
1153.8

3508.3
3484.2
3495.8
3515.2
3507.3
3524.4
3529.8
3528.6
3533.2
3543.1
3564.9
3585.7

4162.9
4149.4
4157.3
4177.2
4178.6
4184.1
4179.9
4183.2
4184.4
4195.1
4224.5
4244.3

5 0 5 3 ..6
5 0 3 0 . .2
5042 .5
5063 .3
5064 .8
5076 .8
5069 .0
5082 .3
5073 .4
5085 .7
5125 .9
5158 .5

1 1 7 4 5 . .0
1 1 7 5 7 . .3
1 1 7 9 8 . .6
1 1 8 4 1 . .7
1 1 8 8 3 .9
11946 .2
11997 .8
12053 .9
12112 .2
1 2 1 5 1 .7
12231 .4
12321 .5

1994-JAN.
FEB.
MAR.

1142.8
1124.7
1131.9

3576.1
3553.8
3579.6

4229.3
4191.2
4208.6

5155 . 1
5122 -5 p

12359 .4
12396 .7

Footnotes appear on the following p a g e
p

preliminary




H.6 (508)
Table 2

Page 2

MONEY STOCK AND DEBT MEASURES
Percent change at seasonally adjusted annual rates
M1

M2

M3

3 Months f r o m DEC. 1993 TO MAR. 19 94

5.0

2.0

-1.5

5.8

6 Months f r o m SEP. 1993 TO MAR. 1994

6.8

2.1

0.6

5.5

12 Months f r o m MAR. 1993 TO MAR. 1994

9.8

2.5

1.3

5.4

T h i r t e e n weeks e n d i n g APRIL 18, 1994
from t h i r t e e n weeks e n d i n g :
JAN. 17, 19 9 4 (13 w e e k s p r e v i o u s )

5.5

2.0

-0.7

OCT. 18, 1993 (26 w e e k s p r e v i o u s )

7 .2

2.1

0.9

APR. 19,

9.8

2.3

1.3

1

'

1993 (52 w e e k s p r e v i o u s )

thanf

a S e b f u a V y 1993 ^ F e b r m r f ^ r e s p i c t i v e l y ^

Footnotes to Table 1:

DEBT1

° r m o n e t a r y aggregates, namely, November 1993 to February 1994, August 1993 to February 1994,

~~

~~

—

—

—

1.

m X S f u n d (loldingJof t h e s ^ a s s e f f ' ' 0




°f

U

'S'

SaVingS bonds

'

shor,

-,erm

Treasur

V securities, commercial paper and b a n k e r s a c c e p t a n c e s , net of m o n e y market

Page 3
H.6 (508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted

Period ending

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-JAN.

24
31

1126.9
1128.2

1132.4
1134.0

1136.2
1136.0

3561.7
3563.2

3569.6
3569.8

3571.9
3566.5

4220.9
4222.4

4230.5
4228.4

4227.9
4221.8

FEB.

7
14
21
28

1129.4
1130.7
1132.0
1133.2

1135.3
1136.7
1137.4
1138.6

1135.6
1139.0
1139.1
1140.6

3564.0
3564.9
3565.4
3566.1

3569.5
3568.5
3565.8
3565.9

3565.7
3570.0
3561.1
3566.7

4222.4
4221.7
4220.2
4218.5

4223.5
4216.2
4207.3
4200.5

4 2 0 9 .7
4205.5
4192.3
4194.4

MAR.

7
14
21
28

1134.3
1135.5
1136.6
1137.8

1139.8
1140.4
1141.5
1143.0

1140.4
1141.6
1143.3
1146.7

3567.3
3568.8
3570.5
3572.3

3568.4
3571.7
3577.8
3582.8

3575.8
3583.1
3585.7
3586.6

4217.2
4216.1
4215.4
4214.3

4198.1
4199.6
4205.5
4210.0

4200.2
4211.6
4215.9
4212.4

APR.

4
lip
18p

1139.2
1140.3
1140.6

1144.9
1145.4
1144.1

1148.0
1143.7
1137.9

3573.7
3576.0
3577.4

3585.0
3588.5
3589.8

3584.7
3596.8
3591.1

4212.9
4212.3
4211.7

4213.0
4215.4
4218.1

4212.2
4221.0
4226.6

Not seasonally adjusted
1994-JAN.

24
31

1142.4
1142.2

1154.5
1138.6

1123.2
1110.4

3576.0
3575.8

3588.4

3555.3
3535.3

4232.9
4232.9

4239.6
4227.0

4207.6
4191.5

FEB.

7
14
21
28

1142.3
1141.5
1141.5
1140.9

1129.5
1123.7
1123.1
1124.7

1133.6
1127.7
1120.7
1116.7

3575.2
3573.7
3572.9
3572.5

3561.3
3553.6
3551.3
3553.8

3563.2
3560.4
3546.1
3545.3

4231.3
4228.6
4225.7
4222.7

4213.9
4201.6
4194.3
4191.2

4206.1
4201.1
4178.6
4179.0

MAR.

7
14
21
28

1140.3
1139.4
1137.6
1134.8

1126.8
1129.0
1130.8
1131.4

1141.9
1136.6
1128.1
1119.0

3571.9
3571.6
3571.3
3571.0

3559 . 1
3566.6
3574.7
3579.8

3584.4
3590.4
3578.7
3565.6

4219.9
4217.0
4214.8
4211.7

4192.0
4197.7
4205.8
4209.4

4209.3
4223.8
4211.2
4193.2

APR.

4
HP
18p

1133.7
1133.4
1134.4

1135.6
1143.1
1152.2

1158.7
1166.4
1164.5

3571.6
3573.9
3576.5

3585.4
3597.2
3608.9

3607.0
3637.5
3625.4

4210.7
4210.9
4211.5

4214.1
4223.6
4235.3

4228.2
4261.6
4258.3

N o t e : S p e c i a l c a u t i o n 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 s u p p l y d a t a , w h i c h a r e highly volatile a n d s u b j e c t to r e v i s i o n ,
p

preliminary d a t a .




Page 4

H.6 (508)
Table 4

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Date
1992-NOV.
DEC.

289.5
292.2

1993-JAN.
FEB.
MAR.

294.5
297.0
299.3

APR.
MAY
JUNE

301.8
304.4
307.2

JULY
AUG.
SEP.

309.7
312.4
315.4

OCT.
NOV.
DEC.

317.6
319.5
321.4

1994-JAN.
FEB.
MAR-

325.3
329.2
332.4

Week e n d i n g
199 4-FEB. 2 1
28

1.

Currency1

Travelers checks 2

Demand deposits 3

Other checkable deposits
At commercial
banks4

At thrift
institutions5

Nontransactions components
Total

In M26

In M3 only7

337.5
339 .6

278.2
280.8

103.2
104.1

381.4
384.9

2493.9
2484.3

683.5
674.0

341.9
342.7
344.3

283.5
283.8
284.9

105.0
103.9
103.6

388.6
387.7
388.5

2469.8
2458.8
2454.6

659.6
661.8
659.8

8.1
8.1
8.0

349.0
358.8
362 .2

284.2
290.3
292.4

104.1
106.1
106.8

388.2
396.4
399 .2

2450.9
2454.1
2452.1

664.0
665.8
659.1

7.9
7.8
7.8

366.4
370.9
375.4

294.8
295.9
297.8

108.0
108.3
108.8

402.8
404.2
406.6

2446.8
2440.4
2438.5

653.3
650.8
651.6

378.4
383.2
384.8

299 . 1
300.8
302.6

110.4
111.0
111.7

409.5
411.8
414.3

2431.7
2433.8
2434.7

655.5
656.7
661.8

7.9
7.9
8.0

388.4
390.4
390.1

300.4
299.3
300.0

111.5
111.8
111.8

412.0
411.1
411.8

2435.9
2427.3
2438.9

659.0
634.6
627.5

329 .4
330.6

7.9
7.9

390.3
391.0

300.1
300.0

111.4
111.1

411.5
411.0

2422.0
2426.1

631.2
627.7

8.1
8.1

MAR.

7
14
21
28

331.2
331.7
332.3
334.0

7.9
8.0
8.0
8.1

388.5
390.3
391.1
391.6

300.3
299 . 6
300 . 0
300.8

112.4
112.0
111.8
112.2

412.7
411.6
411.8
413.0

2435.4
2441.5
2442.4
2439.9

624.5
628.5
630.2
625.8

APR.

4
HP
18p

333 .7
334.0
334.3

8 .1
8.1 e
8.1 e

393 .9
391.4
387.1

301.8
298.6
297.6

110.5
111.6
110.7

412.2
410.2
408.3

2436.8
2453.1
2453.2

627.4
624.1
635.5

Currency outside U.S. Treasury, Federal R e s e r v e Banks and the vaults of depository institutions.
Outstanding amount of U.S. dollar-denominated travelers c h e c k s of nonbank issuers. 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 deposits.
3.
D e m a n d d e p o s i t s at commercial b a n k s and foreign-related institutions other than t h o s e due to depository institutions, the U.S. g o v e r n m e n t and foreign b a n k s and official
institutions, l e s s c a s h items in the p r o c e s s of collection and Federal R e s e r v e float.
4.
C o n s i s t s of NOW and ATS b a l a n c e s at commercial banks, U.S. b r a n c h e s and a g e n c i e s of foreign banks, and E d g e Act corporations.
5.
C o n s i s t s of NOW 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.
6.
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 purpose 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 deposit 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 adjusted a s a whole.
7.
S u m of large time d e p o s i t s , term R P s and Eurodollars of U.S. residents, m o n e y market fund b a l a n c e s (institution-only), l e s s the estimated amount of overnight R P s and
Eurodollars held by institution-only m o n e y market mutual funds. This s u m is s e a s o n a l l y adjusted a s a whole.

e
estimated
p
preliminary


2.

Page 5

H.6 (508)
Table 4 - continued

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

1992-NOV.
DEC.

At
commercial
banks
751.1
754.6

At
thrift
institutions
427.8
429 . 0

19 9 3 - J A N .
FEB.
MAR.

754.1
757.2
757.2

APR.
MAY
JUNE

3.
4.
p

Institutiononly money
market funds

882 . 2
870.5

353.7
352.0

208.5
201.5

At
commercial
banks 4
296.1
292.8

Large-denomination time deposits 3

1178.9
1183.6

At
commercial
banks
513.4
508.7

At
thrift
institutions
368.8
361.8

429.8
426.5
425.3

1183.8
1183.7
1182.4

504.2
504.8
501.7

356.7
349 . 0
345.1

860.8
853.8
846.8

350.3
345.3
345.9

196.6
198.0
197.7

285.7
284.1
279.8

67.5
66.0
65.1

353 .2
350.1
344.8

759.5
766.7
771.0

426.0
428.4
429.4

1185.5
1195.1
1200.4

496.6
491.9
487.5

342.8
340.5
336.3

839.4
832.4
823.9

345.9
348.5
347.5

196.3
198.0
194.7

283.6
283.6
280.9

65.3
64.7
64.4

348.8
348.2
345.3

JULY
AUG.
SEP.

771.7
775.4
778.0

430.4
430.5
430.4

1202.1
1205.9
1208.4

483.0
478.6
475.4

331.4
327.6
324.0

814.4
806.2
799.4

346.6
345.5
345.0

192.6
190.1
190.8

277.4
277.8
276.6

64.5
63.9
63.8

341.8
341.6
340.4

OCT.
NOV.
DEC.

778.4
782.4
785.3

430.4
429.5
430.2

1208.8
1211.9
1215.5

472.4
469 . 5
468 . 5

321.0
318.5
314.3

793.5
788.0
782.8

344.4
347.0
348.8

194.3
194.8
197.0

277.9
275.9
277 .0

63 . 7
63.5
61.8

341.6
339.4
338.9

1994-JAN.
FEB.
MAR.

790.1
791.1
790.2

430.2
429.9
431.9

1220.4
1221.0
1222.1

465 . 5
464.0
462.6

311.7
308.5
307 . 1

777.2
772.5
769 .6

347.8
343 .7
348.6

192.7
176.9
177.4

279 . 1
273.5
271.4

62.0
61.7
60.9

341.1
335.2
332.4

790.3
789.9

430.2
430.7

1220.5
1220.7

463.8
463.4

308.1
307.7

771.9
771.1

342.7
344.1

17 5 . 4
172.0

273.0
272.4

61.4
61.4

334.4
333 .8

Week e n d i n g
199 4 - F E B . 2 1
28

1.
2.

General
purpose and
broker/dealer
money
market funds

Small-denomination time deposits 2
Total

Total

At
thrift
institutions
68.5
67.5

Total
364.6
360.3

MAR.

7
14
21
28

791.3
792.9
790.2
788.9

431.2
431.6
432.3
432.5

1222.4
1224.4
1222.5
1221.4

463 . 0
462 . 7
462.7
462.3

307.4
307.2
307.1
306.7

770.4
769.9
769.8
769.0

346.3
349.2
349.7
348.3

176.4
174.9
180.9
175.8

271.9
271.8
272.9
271.3

61.1
60.8
60.9
60.8

333 . 0
332.7
333.8
332.1

APR.

4
HP
18p

790.3
789.8
789.5

433.0
432.0
432.8

1223.3
1221.8
1222.3

461.4
461.5
461.7

306.5
306.6
306.5

767.8
768.1
768.2

351.1
360.2
364.0

181.8
175.0
183.2

264.2
267.8
269.4

61.2
61.2
61.3

325.4
329 .0
330.7

S a v i n g s d e p o s i t s include m o n e y market deposit 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 t i m e 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 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 a n d
thrifts a r e s u b t r a c t e d f r o m s m a l l t i m e 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 t i m e d e p o s i t s a r e 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 m o r e , e x c l u d i n g t h o s e b o o k e d at international b a n k i n g facilities.
L a r g e - d e n o m i n a t i o n t i m e 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 h e l d by m o n e y market mutual f u n d s , d e p o s i t o r y institutions, U . S . g o v e r n m e n t , a n d f o r e i g n b a n k s a n d official
institutions.
preliminary




Page 6

H.6 (508)
Table 4 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Debt components 4

Non-M3 Components of L

Date
1992-NOV.
DEC.

154.6
156.6

Short-term Treasury
securities1
326.6
332.5

1993-JAN.
FEB.
MAR.

158.7
160.8
162.4

337.3
339.3
338.4

20.6
20.0
19.4

361.0
359.4
361.5

3078.7
3090.8
3121.1

8679.8
8691.5
8701.1

APR.
MAY
JUNE

163.6
164.7
165.9

341.8
343.4
344.3

19.3
19.2
18.5

367.1
371.8
370.9

3149.0
3175.8
3208.1

8720.0
8739.1
8771.6

JULY
AUG.
SEP.

167.1
168.2
169.2

341.9
341.7
326.3

17.4
16.5
16.4

370.4
379.5
378.4

3227.8
3252.2
3271.3

8809.9
8840.7
8874.4

OCT.
NOV.
DEC.

170.1
170.8
171.7

321.5
320.9
324.0

16.4
16.1
16.3

384.7
384.1
386.8

3266.4
3291.4
3327.9

8915.3
8953.1
8993.6

172.7
173.4

331.5
332.0

16.6
17.0

391.6
408.0

3335.6
3349.3

9038.2
9073.6

Savings bonds

1994-JAN.
FEB. p

Bankers acceptances 2

Commercial paper3

20.3
20.6

369.7
364.3

3033.4
3068.4

8632.6
8653.1

Federal debt

Non-Federal debt

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 months held by other than depository institutions, Federal R e s e r v e Banks, m o n e y market
mutual funds, and foreign entities.
Net of bankers a c c e p t a n c e s held by accepting banks, Federal R e s e r v e Banks, foreign official institutions, Federal H o m e Loan Banks, and m o n e y market mutual funds.
Total commercial paper l e s s commercial paper held by m o n e y market mutual funds.
Debt data are on a monthly a v e r a g e basis, derived by averaging adjacent end-of-month levels, and h a v e b e e n adjusted to r e m o v e discontinuities.

p

preliminary

1.




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

Nontransactions components

Other checkable deposits
At commercial
banks 4

At thrift
institutions5

Total

In M26

Overnight RPs 8

In M3 only7

Overnight
Eurodollars9

1992-NOV.
DEC.

290.0
295.0

7.9
7.8

343 .9
355.1

277 . 0
284.3

103.6
104.6

380.6
388.9

2494.9
2480.9

686.2
670.5

60.0
59.3

20.9
21.3

1993-JAN.
FEB.
MAR.

293 . 5
295.3
297.9

7.8
7.7
7.8

345.9
334.3
336.5

289.4
284.2
286.5

104.4
101.5
103.0

393.8
385.7
389.5

2467.3
2461.2
2464.1

654.6
665.2
661.5

60.0
60.7
62.7

17.8
17.0
16.1

APR.
MAY
JUNE

301.3
304.4
307.4

7.8
7.9
8.2

350.5
352.0
359.6

291.9
287.6
290.6

107.3
106.2
107.5

399 .2
393 . 8
398.0

2456.4
2449.2
2451.2

662.1
671.2
659.7

62.5
61.7
64.8

14.7
13.5
13.7

JULY
AUG.
SEP.

311.0
312.8
314.8

8.4
8.4
8.2

365.9
367.9
373.1

290.9
292.1
295.0

108.5
107.7
108.0

399 . 3
399.7
403.0

2445.2
2439.8
2434.1

650.1
654.6
651.2

67.7
67.4
70.4

13.5
14.7
14.9

OCT.
NOV.
DEC.

317.3
319.8
324.9

8.0
7.7
7.6

381.1
391.1
402.6

295.6
299.6
306.3

109.8
111.4
112.4

405.3
410.9
418.6

2431.3
2435.3
2432.0

652.0
659.6
658.6

70.8
71.7
72.6

17.2
17.4
17.8

1994-JAN.
FEB.
MAR.

324.0
327.3
330.7

7.7
7.7
7.8

393.2
380.7
380.8

306.8
299.7
301.7

111.1
109.3
111.1

417.9
409.0
412.7

2433.3
2429.1
2447.7

653.2
637.4
629.0

75.7
75.1
79.2

17.9
16.6
18.2

1994-FEB. 2 1
28

328.0
326.6

7.7
7.7

378.7
377.5

298.5
297.6

107.9
107.4

406.4
405.0

2425.4
2428.7

632.5
633.7

73.8
75.4

15.5
18.7

MAR.

7
14
21
28

330.5
330.6
330.8
330.8

7.7
7.7
7.8
7.8

383.6
384.0
378.5
374.1

306.4
302.6
300.7
297.8

113.7
111.6
110.4
108.5

420.2
414.2
411.1
406.2

2442.4
2453.8
2450.5
2446.6

624.9
633.5
632.5
627.6

78.8
81.6
80.1
79.0

17.6
17.9
18.7
18.9

APR.

4
lip
18p

333.9
335.3
334.1

7.8
7.8
7.8

395.9
396.2
395.7

306.1
310.3
311.2

115.0
116.8
115.7

421.1
427.1
426.9

2448.3
2471.1
2460.9

621.2
624.1
633.0

72.7
82.5
82.2

17.7
15.8
15.2

1.
2.
3.

Currency outside U.S. Treasury, Federal R e s e r v e Banks and the vaults of depository institutions.
Outstanding amount of U.S. dollar-denominated travelers c h e c k s of nonbank issuers. 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 commercial 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 official
institutions, l e s s c a s h items in the p r o c e s s of collection and Federal R e s e r v e float.
4.
C o n s i s t s of NOW and A T S b a l a n c e s at commercial banks, U.S. b r a n c h e s and a g e n c i e s of foreign banks, and E d g e Act corporations.
5.
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.
6.
S u m 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. S u m of large time d e p o s i t s , term R P s and Eurodollars of U.S. residents, m o n e y market fund b a l a n c e s (institution-only), l e s s the estimated amount of overnight R P s and
Eurodollars held by institution-only m o n e y 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 broker/dealer).
9.
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. residents other than depository institutions and m o n e y market mutual funds (general p u r p o s e and broker/dealer).

e
estimated
p
preliminary
http://fraser.stlouisfed.org/

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
Savings deposits 1
Date
1992-NOV.
DEC.

At
commercial
banks
752.5
752.9

At
thrift
institutions
428.6
428.1

1993-JAN.
FEB.
MAR.

750.2
754.0
758.5

APR.
MAY
JUNE

3.
4.
p

General
purpose and
broker/dealer
money
market funds

Institutiononly money
market funds

Large-denomination time deposits 3

1181.1
1181.1

At
commercial
banks
512.7
507.8

At
thrift
institutions
368.3
361.2

881.1
869 . 0

351.9
350.2

207.4
200.4

At
commercial
banks 4
296.4
291.7

427.5
424.7
426.0

1177.7
1178.7
1184.5

504.4
504.7
501.3

356.8
349.0
344.8

861.3
853.6
846.1

350.6
351.2
354.8

200.5
208.4
201.1

282.8
282.5
279 . 7

66.8
65.7
65.0

349.6
348.2
344.8

761.9
767.2
773.6

427.4
428.6
430.9

1189.3
1195.8
1204.5

496.1
490.7
487.1

342.4
339.7
336.0

838.5
830.5
823.0

351.4
347.7
345.2

195.6
199.7
191.0

282.7
285.8
282.8

65.1
65.2
64.8

347.8
351.0
347.6

JULY
AUG.
SEP.

773.6
776.0
776.7

431.4
430.8
429.7

1205.0
1206.9
1206.4

483.9
479.6
476.7

332.1
328.3
324.9

816.0
807 . 9
801.5

343.0
343.0
340.8

188.6
190.1
187 .5

277.1
279.5
277 .6

64.4
64.3
64.0

341.5
343.8
341.6

OCT.
NOV.
DEC.

777.7
784.0
783.8

430.0
430.4
429.4

1207.7
1214.4
1213 .2

473.3
468.8
467.6

321.6
318.1
313.6

794.9
786.9
781.2

340.7
345.0
347.2

189.2
194.0
195.8

277.6
276.2
275.9

63.7
63.6
61.6

341.3
339.8
337.5

199 4 - J A N .
FEB.
MAR.

786.1
787.7
791.3

428.0
428.0
432.5

1214.2
1215.7
1223.8

465.6
463.8
462.1

311.8
308.4
306.8

777.4
772.2
768.9

348.1
349.4
357.6

196.2
186.1
180.5

276.1
271.8
271.3

61.4
61.3
60.9

337.4
333.1
332.1

786,.8
784 .8

428 .3
427 .9

1 2 1 5 .0
1 2 1 2 ,.7

463 .5
4 6 2 .9

308,.0
3 0 7 ,.3

7 7 1 .5
7 7 0 , .3

349 . 6
351 .5

1 8 2 , .2
1 8 2 ,.7

2 7 1 .8
2 7 1 .5

6 1 .2
6 1 .2

3 3 2 ;.9
3 3 2 , .7

Week e n d i n g
-FEB. 2 1
28

1.
2.

Small-denomination time deposits 2
Total

Total

At
thrift
institutions
68.6
67.2

Total
365.0
358.9

MAR.

7
14
21
28

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

4 3 1 .0
4 3 2 ,. 6
4 3 2 , .7
4 3 2 , .7

1 2 2 1 , .9
1 2 2 7 ,.3
1 2 2 3 . .6
1 2 2 1 , .8

4 6 2 .7
4 6 2 .2
4 6 2 ,. 0
461,.8

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

7 6 9 ,. 8
7 6 9 , .2
7 6 8 , .7
7 6 8 , .3

3 5 4 ,. 3
3 5 7 ,. 8
359 . 3
3 5 8 ,.6

1 7 8 , .7
1 8 1 , .5
184,. 1
1 7 9 , .7

271,.6
2 7 2 ,. 1
272 ,.2
2 7 1 , .2

6 1 , .0
6 0 . .9
6 0 , .8
6 0 . .8

3 3 2 . .6
3 3 3 , .0
3 3 3 ,.0
3 3 1 , .9

APR.

4
lip
18p

7 9 5 , .5
7 9 9 .. 1
7 9 1 ..8

435,.8
437 . 1
4 3 4 .. 1

1 2 3 1 . .4
1 2 3 6 . .2
1 2 2 6 . .0

461,.5
4 6 1 , .3
4 6 1 , .2

3 0 6 . .6
3 0 6 ..5
3 0 6 .. 1

7 6 8 ,. 1
7 6 7 . .8
7 6 7 ..3

3 5 8 , .4
368,.8
3 7 0 . .2

1 7 5 . .9
1 7 6 . .6
1 8 0 ..8

2 6 4 .. 1
2 6 7 . .4
2 6 8 . .2

6 1 . .2
6 1 . .2
6 1 . .0

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

S a v i n g s d e p o s i t s i n c l u d e 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 t i m e 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 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 a n d thrifts a r e s u b t r a c t e d from s m a l l t i m e 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 t i m e d e p o s i t s a r e t h o s e i s s u e a i n a m o u n t s of $ 1 0 0 , 0 0 0 or m o r e , e x c l u d i n g t h o s e b o o k e d at international b a n k i n g facilities.
L a r g e - d e n o m i n a t i o n t i m e 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 h e l d b y m o n e y m a r k e t mutual f u n d s , d e p o s i t o r y institutions, U . S . g o v e r n m e n t , a n d f o r e i g n b a n k s
a n d official institutions.
preliminary




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

3.
4.
5.
6.

Debt components 6

At commercial
banks

At thrift
institutions

Total

1992-NOV.
DEC.

61.5
61.1

20.3
20.0

81.8
81.1

47.2
45.6

154.4
156.4

334.4
345.3

20.8
21.4

370.4
366.3

3028 .3
3069 . 8

8629 .9
8653 . 5

1993-JAN.
FEB.
MAR.

59 . 1
60.2
63 .7

21.0
22.1
22.3

80.1
82.3
86.0

43.5
46.7
49.8

158.6
161.0
162.9

343.0
340.5
341.9

21.4
20.2
18.9

367.7
359.1
361.6

3076 .2
3087 . 3
3121 .4

8668 . 8
8670 . 0
8677 . 2

APR.
MAY
JUNE

65.9
66.6
70.2

22 .9
23.2
22.6

88.9
89 .8
92.8

48.7
48.7
45.5

164.2
165.2
166.1

333.4
335 .2
338.6

18.7
19.1
18.5

369.7
366.7
369.5

3 1 4 2 . .9
3 1 6 1 .. 1
3 1 8 8 . .9

8698 . 8
8722 . 8
8757..4

JULY
AUG.
SEP.

72.7
71.9
71.1

23.7
24.2
24.5

96.4
96.0
95.6

41.9
44.1
45.2

167.0
167.8
168.7

337.5
340.4
324.3

17.4
16.2
15.9

367.3
374.6
380.2

3 2 0 1 . .8
3229 ..4
3 2 5 1 ., 9

8796.. 1
8824..4
8 8 6 0 . .3

OCT.
NOV.
DEC.

70.2
69.4
70.3

24.0
24.7
25.0

94.3
94.0
95.4

44.9
48.5
45.7

169.6
170.6
171.4

319.5
328.6
336.5

16.2
16.5
17.0

385.2
385.6
389 . 3

3249. 4
3287. 0
3329. 5

8902. 3
8944. 4
8992 . 0

1994-JAN.
FEB.
MAR.

65.5
62.7
65 .3

25.2
25.0
23 .8

90.7
87.7
89.1

44.1
46.2
43.8

172.6
173.7 p

336.9
333.4 p

17.3
17.2 p

398.9
407.0 p

3333. 0
3345. 4 p

9026. 4
9051. 3 P

62.6
63.8

25.1
24.8

87.8
88.6

45.9
45.6

Week endlncT
199 4-FEB. 2 1
28

1
2.

Non-M3 Components of L
Term
Eurodollars2

MAR.

7
14
21
28

62 .7
66.7
64.6
65.2

24.3
24.1
23.9
23.3

87.0
90.7
88.4
88.5

42.7
44.4
43.9
44.2

APR.

4
lip
18p

70.4
67.1
69.1

22.7
23.1
23.7

93.1
90.1
92.8

43.3
45.0
45.9

Savings bonds

Short-term
Treasury

Bankers

Commercial

Federal debt

N on-Federal

T o r m P P c ora thnco \*lith nrinin o 1 m<-»+in»
. i. o a i c uiuoc
ui.yiuai mcuuMutJb yreaibr uian o n e aay, exciuaing connnuing contracts and retail R P s

m S l u K ' l n d f o S $ 3 i «
T % : m m : ' r d : % % :

C0UP

° n S ™i,h

r e m a m

'n9

ma

Lu^e,fsxansches <" as-bankswordi-wW8andb> =«

a

"J",l6s

01

'«ss

1 2 m o n t h s held by other than depository Institutions, Federal R e s e r v e B a n k s , m o n e y market
™

^

Banks, and m o n e y market mutual funds.

Debt data are on a monthly a v e r a g e basis, derived by averaging adjacent end-of-month levels, and have b e e n adjusted to r e m o v e discontinuities.
preliminary




Page 10
H.6 (508)
Table 6

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

Foreign
official
institutions

1992-NOV.
DEC.

8. ,4
9..0

1. 6
1. ,6

8. .9
9..6

4. . 1
5. 2

5. 5
6 . .0

12. .4
14. ,3

2 1 . .9
25. .5

2 . .7
2 . .6

147. .2
147. .2

19 9 3 - J A N .
FEB.
MAR.

8..7
8..7
8..3

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

10. . 1
10. .3
10. .5

6.. 1
4..3
4..2

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

27. .0
2 5 . .2
13. .2

40..8
35. .4
22. .8

2. .0
2 . .5
2 . .4

APR.
MAY
JUNE

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

1. ,7
1. ,6
1. .6

10. .8
11. . 1
11..5

5..8
4..2
5..4

6..2
5..8
8.. 1

14..5
16.. 1
21. . 1

26. .5
26. . 1
34..6

JULY
AUG.
SEP.

8..5
8.. 1
8..5

1. ,7
1. ,6
1. .5

11..5
11. .2
10..8

4..2
3..8
5..5

6..9
5..7
9..3

21. .4
20..0
23, . 2 '

OCT.
NOV.
DEC.

8..3
8..2
9..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

1994-JAN.
FEB.
MAR.

8..5
8..3
7..9

1. .6
1. .5
1. .6

11..0
11..0
11..0

5..7
4..2
4..3

8,.4
8.6

1..5
1.3

11, .0
11.0

Date

Week e n d l n c r
1994-FEB. 21
28

e
p

U.S. government deposits

Time and
savings
deposits due
to foreign
banks and
official
institutions

MAR.

7
14
21
28

8.0
7.9
7.8
7.9

1.5
1.6
1.7
1.8

11.0
11.0
11.0
11.0

APR.

4
HP
18p

8.3
9.4
7.8

1.5
1.5
1.7

11.0

estimated
preliminary




11.0
11.0

IRA and Keogh Accounts

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

At
money
market
funds

Total

125.6
124.9

46.2
45.4

318.9
317.4

147. .2
146. .9
147. .7

123.7
122.6
121.2

44.6
45.6
45.6

315.6
315.1
314.4

1..5
2. .6
3..0

148. .0
146. .9
146. .5

119.8
119.1
118.5

45.1
46.0
46.7

313.0
312.0
311.7

32..5
29..5
37..9

2..8
3.. 1
2..8

146. .4
146. . 1
145, .8

118.1 e
117.8 e
117.4 e

47.3
47.4
47.5

311.8
311.2
310.7

12..6
8..8
16.,2

23.. 1
18..4
28.. 1

2,.6
2 .7
2 .6

145, .2
144, .6
144 .2

117.6 e
118.0 e
117.5 e

48.1
49.1
49.8

310.9
311.7
311.4

7..3
6..3
5..2

25 .2
27 .9
15 .7

38..3
38..4
25 . 1

2 .1
2 .5
2 .4

143 .9
143 .6
142 . 8

116.6 e
116.1 e
115.5 e

50.1 e
50.7 e
51.3 e

310.6 e
310.4 e
309.6 e

4 .2
4.4

5 .6
4.5

23 . 0
24.2

32 . 8
33.1

2 .5
2.5

4.5
3.9
5.8
3.4

5.1
4.9
5.7
4.6

15.9
6.5
19.6
20.0

25.6
15.2
31.1
28.0

2.5
2.5
2.4
2.3

5.3
3.9
14.2

6.3
4.3
4.8

17.0
9.2
10.7

28.6
17.4
29.6

1.9
1.0
1.0

At
thrift
institutions