Full text of H.6 Money Stock Measures : August 10, 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

A U G U S T 10,1995

M11

Date

M22

M33

L4

DEBT5

Seasonally adjusted
1993-AUG.
SEP.
OCT.
NOV.
DEC.

1095.1
1104.7
1113.5
1122.4
1128.6

3549.3
3559.1
3564.4
3576.7
3583.6

4205.5
4214.2
4222.7
4234.4
4242.5

5112.4
5110.4
5118.9
5131.7
5150.3

12133.1
12186.5
12222.6
12278.6
12344.2

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
1148.2
1147.6
1148.0

3589.1
3586.2
3597.4
3605.4
3608.5
3605.3
3616.7
3614.7
3613.8
3609.5
3610.8
3615.6

4245.9
4232.0
4240.6
4250.8
4251.4
4256.6
4274.5
4273 .8
4279.8
4285.8
4290.7
4302.3

5165.4
5162.6
5165.5
5181.9
5190.4
5188.5
5214.0
5215.7
5221.7
5239.9
5248.0
5292.2

12386.3
12435.2
12499.5
12556.8
12612.8
12652.5
12678.3
12741.5
12798.8
12845.7
12915.1
12957.6

1995-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY

1149.0
1147.3
1147.9
1149.7
1143.0
1143.8
1145.1

3627.2
3622.7
3630.1
3642.5
3658.0
3693.0
3710.8

4324.9
4334.2
4357.0
4378.8
4406.9
4451.5
4482.6

5319.3
5362.2
5407.5
5449.7
5475.1
5528.3 p

13012.5
13092.7
13152.6
13202.4
13266.2
13335.4 p

p

Not seasonally adjusted
1993-AUG.
SEP.
OCT.
NOV.
DEC.

1088.6
1099.3
1112.1
1129.5
1153.7

3542.3
3548.4
3561.3
3584.2
3606.1

4200.1
4201.9
4217.2
4246.7
4266.3

5101.3
5092.6
5110.2
5151.2
5184.9

12083.7
12145.7
12184.2
12251.5
12336.4

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
1144.0
1146.2
1147.4
1155.4
1173.7

3595.6
3573.3
3596.1
3622.6
3595.6
3600.4
3615.5
3607.3
3603.2
3606.6
3619.1
3639.1

4254.8
4221.8
4238.2
4264.2
4240.5
4250.2
4268.2
4267.4
4267.4
4280.9
4305.1
4328.4

5187.1
5155.5
5165.9
5193.8
5170.2
5177.1
5201.5
5204.5
5202.4
5231.0
5270.1
5329.8

12378.8
12408.3
12459.9
12499.9
12545.0
12605.4
12637.9
12693.3
12755.1
12805.3
12886.2
12949.3

1995-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY

1158.6
1134.3
1138.1
1158.7
1132.1
1139.2
1144.1

3633.7
3608.9
3628.1
3658.9
3645.6
3688.5
3710.3

4334.6
4322.9
4352.8
4390.5
4396.6
4445.1
4475.9

5342.3
5353.9
5406.7
5459.8
5453.8
5516.4 p

12987.2
13039.7
13104.3
13135.4
13178.8
13278.1 p

p

Footnotes appear on the following page
p

preliminary




Page 2

H.6 (508)
Table 2

MONEY STOCK AND DEBT MEASURES

1 9 9 5 TO JULY 1 9 9 5

6 Months

f r o m JAN.

1 9 9 5 TO JULY 1 9 9 5

12 M o n t h s

f r o m JULY 1 9 9 4 t o

JULY 1 9 9 5

T h i r t e e n w e e k s e n d i n g JULY 3 1 , 1995
f r o m t h i r t e e n weeks e n d i n g :
MAY
1 , 1 9 9 5 (13 w e e k s p r e v i o u s )

1.

M3

DEBT1

-1.6

7.5

9.5

5.6

4.6

7.3

5.8

—0.6

2.6

4.9

5.4

-1.6

6.1

8.2

3.9

6.6

JAN.

30,

1995

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

-0.8

AUG.

1,

1994

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

-0.3

H

f r o m APR.

M2

to

3 Months

M1

i
o
^3

Percent change at seasonally adjusted annual rates

4.4

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, March 1995 to June 1995, December 1994 to June 1995,
and June 1994 to June 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 — t h e 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
corporate 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
1995-MAY

JUNE

M3

4-week
average

week
average

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

8
15
22
29

1147.9
1147.6
1147.4
1147.0

1148.3
1146.6
1144.9
1142.8

1143 .7
1143.3
1142.9
1141.3

3633.7
3636.0
3639.1
3642.7

3645.4
3649.6
3652.9
3657.3

3648.5
3652.2
3659.9
3668.6

4362.7
4368.1
4374.2
4379.9

4389.1
4394.5
4400.1
4406.3

4396.1
4400.0
4410.4
4418.7

5

1146.8
1146.5
1146.0
1145.6

1142.9
1143.1
1143.6
1144.4

1144.1
1143.9
1144.9
1144.7

3647.5
3652.4
3657.0
3661.6

3665.1
3674.2
3683.4
3691.2

3679.5
3688.8
3696.8
3699.8

4386.8
4394.3
4401.6
4408.1

4415.3
4427.2
4439.0
4448.5

4432.1
4447.7
4457.5
4456.6

1145.5
1145.0
1144.3
1143.7
1143.8

1144.1
1144.1
1143.2
1142.6
1144.5

1142.8
1144.1
1141.0
1142.4
1150.3

3666.7
3671.7
3677.0
3682.2
3687.6

3696.3
3700.3
3702.3
3706.0
3711.2

3699.6
3704.8
3704.9
3714.8
3720.2

4416.1
4423.4
4431.0
4438.9
4447.4

4455.8
4459.8
4464.6
4473.2
4484.0

4461.4
4463.6
4476.8
4491.0
4504.4

12
19
26
JULY

M2

13-week
average

3

10
17
24p
31P

Not seasonally adjusted
1995-MAY

JUNE

8
15
22
29

1143.5
1143.6
1143.3
1142.9

1151.4
1142.5
1136.5
1131.4

1144.2
1138.6
1125.6
1117.2

3634.1
3636.7
3639.6
3643.2

3648.9
3642.5
3641.7
3644.2

3645.1
3646.5
3642.2
3643.0

4361.3
4366.7
4372.8
4378.7

4389.8
4385.5
4388.6
4395.6

4392.2
4395.3
4395.2
4399.7

5

1143.2
1143.5
1143.7
1143.3

1133.3
1135.8
1139.4
1139.7

1151.7
1148.7
1139.9
1118.5

3648.4
3654.0
3658.5
3662.0

3655.8
3670.0
3682.0
3687.7

3691.3
3703.3
3690.2
3666.1

4386.5
4394.9
4402.1
4407.2

4408.8
4426.4
4440.2
4444.8

4445.1
4465.7
4450.4
4417.8

1143.2
1142.7
1140.5
1138.7
1138.4

1138.1
1141.9
1143.3
1145.4
1142.3

1145.2
1164.0
1145.6

3665.8
3669.6
3672.7
3676.7
3681.9

3689.0
3695.7
3701.4
3709.0
3710.1

3696.2
3730.2
3713.0
3696.7
3700.4

4413.7
4419.5
4424.6
4431.3
4439.8

4445.1
4448.4
4455.5
4468.4
4477.3

4446.5
4478.9
4478.6
4469.6
4482.0

12
19
26
JULY

3

10
17
24p

31p

1126.6
1132.8

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
Currency1

Date

Travelers checks2 Demand deposits3

Nontransactions components

Other checkable deposits
At commercial
banks4

At thrift
institutions5

Total

In M2e

In M3 only7

1994-MAR.

332.0

8.0

388.6

299.7

112.8

412.5

2456.3

643.2

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

2462.6
2465.0
2458.3

645.4
643.0
651.3

JULY
AUG.
SB P .

342.8
345.1
347.2

8.3
8.3
8.4

388.1
386.6
386.5

301.7
301.0
300.0

111.4
109.7
108.9

413.1
410.8
408.9

2464.5
2463.9
2462.8

657.7
659.1

OCT.
NOV.
DEC.

350.0
353.0
354.5

8.3
8.4
8.4

384.5
382.5
382.2

298
297
297

107.5
106.1
105.3

405.4
403.8
402.9

2461.3
2463.2
2467.6

676.2
679.9

357.7
358.8
362.5

8.4
8.4

8.8

383,
384.
383,

295.1
291.8
289.3

104.2
104.1
104.0

399.3
395.9
393.3

2478.2
2475.4
2482.1

697.7
711.5
726.9

365.7
368.1
367.4

9.2
9.2
9.0

381.3
380.6
386.8

289.6
281.9
276.3

104.0
103.1
104.3

393.6
385.0
380.6

2492.7
2515.0
2549.1

736.3
748.9
758.5

8.9

389.6

275.8

103.8

379.5

2565.7

771.8

386.0
387.1
387.9
386.7

276.2
276.4
276.9
276.5

104.8
104.0
103.7
104.6

381.0
380.4
380.6
381.2

2535.4
2544.9
2551.9
2555.1

752.6
758.9
760.8
756.8

386.9
388.7
387.0
388.0
394.5

275.8
276.1
275.0
275.6
275.2

104.6
104.1
103.4
102.9
103.8

380.4
380.1
378.4
378.5
379.0

2556.7
2560.7
2563.8
2572.4
2569.9

761.8
758.8
771.9
776.2
784.2

1995-JAN. •
FEB.
MAR.
APR.
MAY
JUNE
JULY

p

367.1

1995-JUNE

5
12
19
26

368.0
367.4
367.3
367.8

JULY

366,
366,
366,
367 ,
367 ,

3

10
17
24p
31p

1.
2.
3.

9.0
8.9
8.9
8.9
8.8

666.1

686.8

C u r r e n c y 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. This sum is seasonally adjusted as a whole.
. . .
,
,
.
,
.
. ,,
,
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. 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)
Table 4 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT

Billions of dollars, seasonally adjusted

Savings deposits1
Date

At
. thrift
institutions

Total

At .
commercial
banks

institutions

1994-MAR.

791.5

430.5

1222.0

463.1

308.9

772.0

361.9

APR.
MAY
JUNE

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

770.1
770 . 8
772 . 9

JULY
AUG.
SEP.

778.0
775.7
772.8

423.2
417.0
410.9

1 2 0 1 .2
1192 .6
1183 .7

469.9
476.0
481.2

306 . 6
306 .7
308 . 3

OCT.
NOV.
DEC.

765.4
759.2
752.3

405.6
398.5
391.9

1 1 7 1 .0
1157 .8
1 1 4 4 , .2

487.7
494.0
502.4

1995-JAN.
FEB.
MAR.

744.1
734.2
723.3

385.6
377.6
371.6

1 1 2 9 , ,8
1 1 1 1 . ,9
1094. 9

APR.
MAY
JUNE

716.0
717.2
728.1

366.4
364.1
363.0

730.5

p

Week e n d i n g
1995-JUNE
5

12

19
26
JULY

3

10
17
24p
31p

3.

p

General
purpose and
Institutionbroker/
only money
money
market funds
market funds

At
commercial
banks

JULY

1.
2.

Small-denomination time deposits2
"At

Large-denomination time deposits3
commercial
banks4

At
. thrift
institutions

183 . 8

268.8

61.4

330.3

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

776 . 5
782 .7
789 . 5

376 . 1
377 . 0
377 . 4

178.7
177.4
176.3

276.4
280.1
285.1

62 . 0
61 .9
63 . 1

338.4
342.0
348.2

3 1 1 , ,7
3 1 6 , ,2
3 1 7 . ,7

799 .4
8 1 0 , ,2
8 2 0 ,. 1

379 . 5
383 .3
389 . 0

180.8
180.5
180.8

289.4
292.9
296.6

64 .2
64 .5
64,.9

353.6
357.4
361.4

512.4
524.0
537.5

323. 0
331. 2
340. 4

8 3 5 . ,4
855. 1
877. 9

3 9 2 ,. 1
3 9 1 , .5
3 9 0 , ,9

186.3
180.4
189.0

295.2
303.1
308.5

6 6 , .7
6 8 ,, 1
7 0 ,, 1

361.9
371.2
378.6

1082« 4
1081. 4
1091. 1

547.8
555.9
562.1

348. 6
354. 4
355. 0

896. 4
910. 3
917. 1

3 9 6 , .0
405. 3
425. 9

192.9
194.8
205.6

309.1
315.6
318.4

7 1 . .2
70. 4
70. 8

380.3
386.0
389.2

360.7

1091. 2

566.0

355. 1

921. 0

441. 5

212.4

325.5

72. 5

397.9

725.6
728.9
729.1
728.2

363.0
362.6
363.3
363.4

1088.6
1091.5
1092.4
1091.6

559.5
561.1
562.9
563.2

355
355
354
354

.7
.5
.6
.7

915.2
916.6
917.6
918.0

415
423
426
429

.5
.0
.2
.9

199.7
205.6
206.5
206.6

318.7
318.9
319.0
317.6

70.3
70.2
70.6
71.2

389.0
389.1
389.6
388.8

726.2
729.3
731.3
731.6
731.6

362.0
361.2
360.5
360.6
359.9

1088.2
1090.5
1091.8
1092.2
1091.6

564.0
565.5
566.2
566.4
566.6

354 .4
3 5 4 , .3
3 5 5 , ,3
3 5 5 , .4
3 5 5 , .6

918.4
919.9
921.5
921.8
922.1

4 3 6 . .4
4 3 7 , .3
4 3 9 , .5
4 4 5 ,, 1
4 4 6 , ,4

209.7
208.5
215.8
213.1
213.2

315.0
319.4
326.3
329.0
331.7

72
72
72
72
72

387.0
391.7
398.8
401.5
404.4

.

thrift

Total

7x

Total

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.
L
gr9. e ' d . G n ? m , P a t , o n t i m e deposits at commercial banks less those held by money market mutual funds, depository institutions, U.S. government, and foreign banks and
oTTicicu insiiiuiions.
preliminary




Page 6
H 6(508)

Table 4-continued

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

Savings bonds

1.

Debt components4

Non-M3 Components of L

Date

Short-term T reasury
securities1

Bankers acceptances2

Commercial paper3

Federal debt

Non-Federal debt

1994-MAR.

173.9

344.7

15.5

390.8

3379.6

9119.8

APR.
MAY
JUNE

174.8
175.7
176.7

355.3
359.1
351.7

14.0

11.6
10.8

387.1
392.6
392.7

3390.6
3402.5
3416.3

9166.2
9210.4
9236.1

JULY
AUG.
SEP.

177.7
178.5
179.1

358.1
364.2
359.1

10.9
11.4
11.9

392.8
387.7
391.7

3419.3
3436.8
3454.1

9258.9
9304.7
9344.7

OCT.
NOV.
DEC.

179.5
179.9
180.3

358.6
362.3
372.9

11.8
11.0
10.2

404.2
404.0
426.5

3469.6
3494.1
3497.4

9376.1
9421.0
9460.2

1995-JAN.
FEB.
MAR.

180.5
180.4
180.5

375.4
392.0
405.5

9.8
9.9
10.4

428.7
445.7
454.1

3504.7
3535.8
3557.5

9507.8
9556.8
9595.1

APR.
MAY
JUNE

180.9
181.6
182.3

404.4
395.9
409.9

10.3
9.5

475.2
481.2
475.8

3559.5
3577.0
3602.0

9642.9
9689.2
9733.4

8.8

2.
3.
4.

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




Page 7

H.6 (508)
Table 5

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

Other checkable deposits

Overnight

Overnight
Eurodollars®

642.1

77.0

23.0

2469.9
2463.1
2458.1

641.6
644.9
649.8

77.6
78.5
80.7

21.3
24.1

410.0
406.2
405.6

2464.6
2463.3
2457.0

652.6

80.5

660.1

82.0

29.1
28.9

664.2

83.7

28.1

107.4
107.1
107.0

401.4
403.1
407.6

2459.2
2463.7
2465.4

674.3

83.5
83.0
84.2

30.3
30.1
32.5

104.4

2475.1
2474.6
2490.0

700.8
714.0
724.7

86.1

103.0

405.7
394.1
394.2

87.0

101.8

86.8

36.4
31.6
30.7

296.6
279.7
274.9

105.8
102.7
104.3

402.4
382.4
379.2

2500.1
2513.6
2549.3

731.7
751.0
756.6

84.6
85.0
85.2

30.1
30.0
29.8

388.8

272.8

104.0

376.9

2566.2

765.6

82.2

29.4

387.1
385.6
382.8
372.7

279.2
278.4
276.1
269.0

107.2

101.0

386.4
384.5
380.0
370.0

2539.6
2554.6
2550.4
2547.6

753.8
762.4
760.2
751.7

84.9
85.4
85.1
86.0

30.8
30.1
29.1
29.5

390.8
397.2
390.0
378.5
386.0

272.4
278.8
272.9
269.3
268.4

104.2
107.5
104.3
101.4
101.7

376.6
386.3
377.2
370.7
370.1

2551.0
2566.2
2567.4
2570.0
2567.6

750.3
748.7
765.6
773.0
781.6

84.2
83.9
81.7

29.5
29.5
27.9
29.4
30.7

Currency1

Travelers
checks2

Demand
deposits3

1994-MAR.

330.6

7.8

APR.
MAY
JUNE

334.3
337.2
340.5

JULY
AUG.
SEP.

Date

At commercial
banks4

At thrift
institutions5

Total

379.6

301.6

112 .0

413.5

2464.7

7.8
7.9
8.3

389.2
377.7
382.3

306.4
298.1
299.5

115.0

421.4
409.7
411.2

344.7
345.7
347.0

8.8

387.3
383 . 1
384.7

298.4
297.2
297.4

111.6
109.0
108.3

OCT.
NOV.
DEC.

349.6
353.2
357.6

8.5

387.9
390.8
400.3

294.1
296.0
300.6

1995-JAN.
FEB.
MAR.

355.9
357.1
361.4

8.1
8.1

388.9
375.0
374.1

301.3
292.3
291.1

APR.
MAY
JUNE

365.5
367.9
368.1

8.8
8.9
9.2

382.0
372.9
382.6

p

368.9

9.5

Week e n d i n g
1995-JUNE
5
12
19
26

369.1
369.4
367.8
366.5

9.1
9.1
9.2
9.3

JULY

JULY

3

10
17
24p
31p

1.
2.
3.

368,
371,
368,
367,
367,

8.9

8.8
8.2

8.1

8.4

111.6

111.7

106.1
103.9

In M26

In M3 only7

686.0
689.3

82.2
80.2

26.2

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

broker/dealer).
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
Savings deposits1
Date

At
commercial
banks

At
thrift
institutions

1994-MAR.

7 9 1 , ,9

4 3 0 ,> 8

APR.
MAY
JUNE

7 9 1 ,. 1
7 8 5 , ,3
7 8 2 , .3

JULY
AUG.
SEP.

Total

1222 . 7

462. 9

308. 8

7 7 1 , .6

370.3

185 .7

banks
2 6 7 . ,3

4 3 2 , ,3
4 3 0 , ,6
4 2 8 ,, 1

1223 . 4
1215 . 9
1210 . 4

461. 8
463 .,7
4 6 7 . ,0

3 0 7 . ,5
305. 5
305. 2

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

378 3
375.4
368.7

181,• 8
176 .8
172 ,.5

7 8 0 . ,0
777. 0
7 7 2 , ,7

4 2 4 , .3
4 1 7 . ,7
410. 3

1204 .3
1194 . 6
1183 . 6

470. 5
476. 5
481. 7

306. 9
3 0 7 ., 1
3 0 8 . ,7

777 ,, 4
7 8 3 , ,6
7 9 0 , ,3

373,4
374.2
371.3

OCT.
NOV.
DEC.

765. 5
761. 4
751. 1

4 0 5 . ,7
3 9 9 . ,7
391. 2

1171 . 1
1161 .0
1142 .3

488. 3
493. 7
502. 0

312. 1
316. 0
317. 4

8 0 0 ,. 4
809 .,7
8 1 9 , ,4

1995-JAN.
FEB.
MAR.

739.5
729.8
723.4

383 .2
375.3
371.6

1105
1095

1122

512.9
524.1
537.3

323 .3
331.3
340.3

APR.
MAY
JUNE

717.8
717.8
730.2

367.3
364.4
364.0

1085
1082
1094.2

547.2
554.8
561.7

JULY

732.4

361.6

1094.0

729
734
730
726

365,
365,
364,
362,

1094.8

727.2
734.0
734.9
731.9
730.8

362 . 5
363.5
362.3
360.7
359.5

19
26
JULY

3
10
17

24p
31p

p

Large-denomination time deposits3

At
thrift
institutions

12

3.
4.

Generaf
purpose and Institutionbroker/
only money
dealer
market funds
money
market funds

At
commercial
banks

Week e n d i n g
1995-JUNE
5

1.
2.

Small-denomination time deposits12
Total

At
commercial
4

At
thrift
institutions
61. 1

328.4

2 6 6 , ,3
2 7 4 ,, 1
2 7 5 , ,3

6 1 .A
60. 9
61. 3

327.7
335.0
336.6

173,.8
176,. 2
172 ,• 6

2 7 5 , .4
2 8 1 , .4
2 8 6 , ,2

6 1 . ,8
62 . 2
6 3 . .3

337.1
343.6
349.6

373.9
379.9
387.1

178, , 1
182 .5
183,. 1

2 9 0 , .0
294 .4
2 9 6 , .3

64. 3
64. 8
64 c.8

354.3
359.1
361.1

836.2
855.4
877.6

392.8
396.3
399.8

192.4
190.8

293.8
301.6
306.4

66.4
67,8
69.7

360.2
369.4
376.1

348.2
353.7
354.8

895.4
908.5
916.4

404.8
407.8
423.6

191.3
193.8
199.2

306.9
318.1
319.9

70.7
70.9
71.1

377.7
389.0
391.0

566.7

355.5

922.2

438.4

206.6

324.1

72.2

396.3

1094.7
1089.1

558,
560,
562,
562,

355.1
355.1
354.2
354.6

913.7
915.5
916.6
917.5

415.3
423.5
424.9
425.6

195.1
200.7
200.6
198.7

322.3
322.7
320.8
317.2

71
71,
71,
71,

393.4
393.8
391.8
388.3

1089.7
1097.5
1097.2
1092.6
1090.3

564.6
566.4
567.1
567.2
567.1

354.7
354.8
355.8
355.8
355.9

919.3
921.2
922.9
923.0
923 . 1

428.4
434.0
437.8
442 .8
443 .3

200.1

312,
317 ,
324
328 ,
331,

71.5
71.8
72.1
72,3
72.7

383.8
389.0
396.7
400.4
404.3

1100.1

188.8

200.9
209.2
209.1

210.2

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




Total

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

Debt components®

Non-M3 Components of L

At commercial
banks

At thrift
institutions

Total

Term
Eurodollars2

l-MAR.

68 .3

27 . 0

95 . 4

46 .2

174 . 6

3 4 8 , .2

15 .2

3 8 9 ,7

3 3 7 4 . »4

9085. 5

APR.
MAY
JUNE

7 1 .4
69 . 1
72 . 1

27 . 4
28 . 8
30 .3

98 . 8
97 . 8
102 . 4

4 6 ,. 5
4 7 , .7
5 0 , .3

175 . 4
1 7 6 , .2
1 7 6 ,. 9

3 5 3 ,, 1
3 5 7 . ,2
3 4 8 , .6

1 3 , .7
11,. 4
10,.6

3 8 7 , .3
385 .0
3 9 0 ,. 9

3 3 7 6 . .8
3 3 7 9 . .7
3 3 9 4 .. 5

9 1 2 3 ., 1
9 1 6 5 . ,3
9210. 9

JULY
AUG.
SEP.

7 1 .0
6 8 ,. 4
68 . 4

32 . 0
32 . 8
33 . 4

103 . 0
1 0 1 .2
101 .9

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

1 7 7 ,. 4
1 7 7 , .9
1 7 8 , .4

3 5 5 . >1
3 6 6 ., 1
3 5 2 . ,0

10,.8
1 1 ,. 1
11,.7

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

3 3 9 3 .9
3 4 1 8 , .5
3 4 3 8 . »6

9 2 4 4 . ,0
9 2 7 4 . ,8
9316. 5

OCT.
NOV.
DEC.

6 7 . .2
6 7 . .5
6 7 . ,1

34 .7
3 5 , .4
3 7 , .5

1 0 1 .9
1 0 2 ,. 9
1 0 5 , .2

5 2 . ,7
5 4 . ,5
5 2 . .4

1 7 9 , .0
1 7 9 , .7
1 8 0 .. 2

3 5 0 . ,6
3 6 6 . ,2
3 8 1 . ,9

1 1 , .9

11,. 1
1 0 ,. 4

4 0 8 ,. 6
4 0 8 ,, 0
4 2 8 ,. 9

3 4 4 8 . .8
3 4 8 5 , .4
3 4 9 9 . .0

9 3 5 6 . ,4
9 4 0 0 ., 8
9 4 5 0 . ,3

-JAN.
FEB.
MAR.

7 0 , ,2
7 3 ., 1
7 2 . ,3

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

1 0 8 , .9
1 1 2 , .7
1 1 2 , .5

5 3 ., 1
5 6 . ,3
5 8 . ,4

1 8 0 . .6
1 8 0 . ,8
1 8 1 . ,2

3 8 0 . ,0
3 9 3 . ,5
4 0 9 . ,8

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

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

3 4 9 9 . .0
3 5 2 5 . .0
3 5 5 1 .. 1

9 4 8 8 . ,3
9 5 1 4 . ,7
9553. 2

APR.
MAY
JUNE

74. 5
78. 7
77. 4

4 0 . ,9
4 1 . ,7
4 0 ., 8

1 1 5 . .4
1 2 0 .. 4
1 1 8 . ,2

59. 9
60. 6
61. 6

1 8 1 . ,7
1 8 2 ., 1
182. 4 P

4 0 2 . ,3
394. 4
406. 7 p

1 0 ., 1
9 . ,3
8 . .6 p

4 7 5 . ,2
4 7 1 .. 4
4 7 3 .• 5 p

3 5 4 4 ., 1
3 5 5 2 .. 6
3579. 3 p

9 5 9 1 . ,3
9 6 2 6 ., 1
9698. 8 P

p

72. 8

40. 5

1 1 3 . ,3

63. 0

5

78.6
79.0
78.5
75.0

40.8
41.3
40.7
40.6

119.4
120.3
119.2
115.6

59.1
61.1
61.7
62.5

75.4
70.9
70.3
73.4
75.7

40.5
40.3
40.4
40.6
40.6

115.8
111.3
110.7
114.0
116.3

JULY

Savings bonds

Short-term
Treasury
securities3

Bankers
acceptances4

Commercial
paper6

Federal debt

Non-Federal
debt

Weefr emUftq
1995-JUNE

12
19
26
JULY

3

10
17
24p
31P

1.
2.
3.
4.
5.
6

63.6

61.1
62.9
63.4
64.3

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.

Digitized
FRASER
p forpreliminary


Page 10

H 6(508)
Table 6

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

due to
foreign
banks and
official
institutions

U.S. government deposits

IRA and Keogh Accounts
Time and

Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

12.5

4.3

5.2

15.7

25.1

2 .4

142. 6

112, .S

51,.8

307.3

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
1 4 2 . ,2
1 4 2 . ,3

112 . 6
112 .2
1 1 1 .5

54,.8
56,,4
56 .8

309.6
310.9
310.6

8.3
7.7
8.1

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

1 4 2 . ,6
142. 6
1 4 2 . ,7

110 .7
109, .7
108, .7

55,.9
56 . 1
56 • 8

309.2
308.4
308.1

OCT.
NOV.
DEC.

8.0
8.3
8.6

1.6
1.8
1.6

14.8
14.6
14.4

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
1,,9
1,,3

142. 7
142. 9
143. 3

108 .3 e
108 . 4 e
108, .2 e

58 .3
59 .4
59 .7

309.3 e
310.7 e
311.1 e

1995-JAN.
FEB.
MAR.

8.4
7.9
8.0

1.6
1.6
1.6

14.0
13.3
12.7

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 . .3
2 . ,4

143. 7
144. 6
145. 6

108, .4 e
108, • 8 e
109, ,0 e

59,.7
59,.9
60,. 1

311.8 e
313.3 e
314.6 e

APR.
MAY
JUNE

7.6
8.1
8.0

1.6
1.5
1.6

12.3
12.3
12.3

5.5
3.1
4.5

6.2
5.7
7.9

12.4
18.7
19.6

24.1
27.5
32.0

2, 6
2. 6
2. 6

146. 4
146. 8
147. 8

1 0 9 , ,3 e
1 0 9 , ,4 e
1 0 9 , ,4 e

60.,3
60,.6 e
60.,9 e

315.9 e
316.7 e
318.1 e

p

8.2

1.5

12.3

3.3

6.6

27.7

37.5

2. 8

149. 4

1 0 9 . .5 e

6 1 . ,2 e

320.1 e

5
12
19
26

8.5
8.3
7.9
7.4

1.7
1.6
1.5
1.5

12.3
12.3
12.3
12.3

3.5
3.4
8.4
3.3

4.5
5.3
8.9
8.6

12.2
3.6
17.7
34.3

20.2
12.2
35.0
46.2

2.
2.
2.
2.

5
6
6
6

3
10
17
24p
31p

8.4
9.1
8.3
7.7
7.8

1.5
1.6
1.6
1.5
1.5

12.3
12.3
12.3
12.3
12.3

3.7
3.4
3.9
2.6
3.0

13.6
6.3
5.6
5.3
6.3

34.8
23.1
24.5
27.7
32.3

52.1
32.7
34.0
35.6
41.6

2.
2.
3.
3.
3.

6
5
0
0
0

Date

Foreign
commercial
banks

Foreign
official
institutions

1994-MAR.

8.1

1.6

APR.
MAY
JUNE

8.6
8.1
8.2

JULY
AUG.
SEP.

JULY

Week ending
1995-JUNE

JULY

e
p

Time and
savings

estimated
preliminary




Note
balances at
depository
institutions

Total
cash
balance

commercial
banks

At
commercial
banks

At
thrift
institutions

At
money
market
funds

Total