Full text of H.6 Money Stock Measures : August 29, 1985

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

For Release at 4:30 Eastern Time

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

AUGUST

2 9 , 1985

Billions of dollars
M1
Sum of currency,
travelers checks,
demand deposits and
other checkable deposits1

Date

M2
M3
M1 plus overnight RPs
M2 plus
and Eurodollars,
large time deposits,
MMMF balances (gen. pur. term RPs, term Eurodollars
and broker/dealer), MMDAs,
and institution-only
and savings and small
MMMF balances 3
2
time deposits

L

Debt

M3 plus other
liquid assets 4

Debt of domestic
nonfinancial sectors'*

Seasonally adjusted

1984—JULY
AUG.
SEPT*
OCT.
NOV.
DEC.

546.9
548.9
551.5
548.3
553.8
558.5

2280.2
2292.8
2308.4
2319.3
2346.3
2371.7

2862.0
2878.8
2901.0
2925.1
2959.9
2995.1

3394.9
3421.6
3452. 1
3473.5
3501.9
3539.5

5631. 1
5690.3
5742.1
5802.4
5877.9
5953.2

1985—JAN.
FEBMAR.
APE.
HAY
JUNE
JULY

562.7
569.4
572. 1
574.9
581.6
591.2
595.8

2398.9
2421.0
2429.3
2427.3
2444.6
2472.6
2490.4

30 20.6
3041.0
3055.5
3056.2
3075.8
3103.0
3113.8

3562.0
3593.4
3621.4
3624.2
3642.4

6019.3
6074.7
6129.6
6191.7
6253.5
6313.9

Not seasonally adjusted

1984—JULY
AUG.
SEPT,
OCT.
NOV.
DEC.

549.9
545.0
548.5
548.2
555.9
570.4

2285.7
2287.7
2298.8
2316.6
2344.4
2376.7

2863.6
2874.8
2890.9
2920.6
2960.4
3002.2

3395.7
3414.8
3441.6
3469.1
3502.2
3541.0

5609.6
5672. 1
5729.8
5791.9
5866.1
5947.2

1985—JAN.
FEB.
HAB.
APR.
HAY
JUNE
JULY

568.3
558.6
564.9
581.6
576.2
592.3
599. 1

2404.2
2414.5
2429.6
2439.2
2440.7
2476.3
2496.4

3024.3
3034.3
3057.3
3068.1
3073.7
3105.7
3116. 1

3566.8
3589.9
3627.7
3638.5
3637.4

6011. 1
6052.8
6100.8
6161.1
6224. 7
6288.6

M1

For period ended

Seasonally adjusted

1
8
15
22
29

582.9
584.6
586.0
587.5
589. 1

4-week average
592.2
593.6
594.2
595.0
595.2

5
12 P
19 P

591.0
592.9
594.8

596.6
599.4
602.0

13-week average

1985-JDLY

AUG.

NOTE:

week average
596. 1
596.6
591.8
595.5
596.8
602.1
603.2
606.0

13-week average

Not seasonally adjusted
4-week average

week average

583.6
585.5
586.6
587.4
588.9

593.0
595.9
597.9
600.5
598.9

59 2.9
610.3
603.6
595.0
586.8

590.9
593.0
594.9

597.5
597.9
599.9

604.7
604.9
603.2

SPECIAL CAUTION SHOULD BE TAKEN III INTEBPRETING HEEK-TO-NEEK CHANGES I I HONEI SUPPLY DATA# ITHICH ABE
HIGHLY VOLATILE AND SUBJECT TO BETISION.
P—INDICATES PBELIHINABY DATA.
POOTNOTBS APPEAB ON THE FOLLOWING PAGE




H.6 (508)
Table 2

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

M1

M2

M3

Debt1

3 MONTHS FROM APR.

1985 TO JULY 1985

14.5

10.4

7.5

12 • 0

6 MONTHS FROM JAN.

1985 TO JOLY 1985

11.8

7.6

6.2

12 .1

12 MONTHS FROM JULY

1984 TO JOLY 1985

8.9

9.2

8.8

13.3

THIRTEEN WEEKS ENDING AUG. 19, 1985
FEOM THIRTEEN WEEKS ENDING:

1/

1/

2/

3/

4/
5/

MAY

20 #

1985 (13 WEEKS PPEVIOUS)

13.9

FEB.

18, 1985 (26 WEEKS PREVIOUS)

12.0

AUG.

20, 1984 (52 WEEKS PREVIOUS)

8.7

GROWTH BATES FOR DEBT ARE BASED ON PERIODS BEGINNING AND ENDING ONE MONTH EARLIER THAN FOR 1HE MONETABY AGGREGATES,
NAMELY, MARCH 1985 TO JUNE 1985, DECEMBER 1984 TO JUNE 1985, AND JUNE 1984 TO JUNE 1985, RESPECTIVELY.
FOOTNOTES TC TABLE 1
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF COMMERCIAL BANKS;
(2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS CTHEfi 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 FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING CF 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. THE CURRENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF Ml PLUS OVERNIGHT (AND CONTINUING CONTRACT) FPS ISSUED BY ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE, MMDAS, SAVINGS AND SMALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL H P S — I N AMOUNTS OF LESS THAN $100,000), AND EALAHCES IN BOTH
TAXABLF AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUNDS. EXCLUDES IRA AND KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND MONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMERCIAL
BANKS, HONEY MARKET FUNDS (GENERAL PURPOSE AND BROKEF/DEALEE), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE U.S* GOVERNMENT.
ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIfl TIME AND SAVINGS DEPOSITS.
CONSISTS OF M2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OR MORE) AND TERM RP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BHANCHES OF U.S. EANKS
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 A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT BPS AND EURODOLLARS HELD BY INSTITUTION-ONLY HONEY MARKET MUTUAL FUNDS.
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 CF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CfcEDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF COhPORATE BONES, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPER, hANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE D\TA ARE DERIVED FROM THE FEDERAL RESERVE BOARD«S FLOW CF FUNDS ACCOUNTS. ALL DATA CN DEBT OF DOMESTIC
NONFINANCIAL SECTORS ARE PPESENTED IN KCNTH-AVER\GE FORM, DERIVED BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IN THE UNDERLYING FLOW OF FUNDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FROM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED IN
IN THE FEDERAL RESERVE RELEASES Z.7 AND Z.I. IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT^ARE MEASURED ON A
A QUARTEF-END BASIS AND INCLUDE DISCONTINUITIES.




H.6<506)
Tab* 3

COMPONENTS OF THE MONEY STOCK
BMMona of doiiara, i

1

rtnoaaapoa*
at
at
thrift
commaiclal
inatitutiona
banks

8miUltima dap*alts*
at
at
commarcial
total
thrift
banks
Inatitutions
374. 7
468. 9
843. 6
378, 8
855. 0
476. 2
381. 7
864. 5
482. 8

•attmadaaoisits1
at
thrift
tota
bamI B * inatitutiona
254.6
389. 3
134. 6
255.0
392. 6
137. 6
258.0
0
396. 0
138.
at

lnM2»

139. 4
141. 0
142. 2

1733. 3
1744. 0
1756. 9

581. 8
586. 0
592. 6

128. 1
127. 0
126. 1

171. 0
169. 5
168. 5

299. 1
296. 5
294. 6

244. 5
246. 8
248. 6

141. 8
143. 9
146. 0

1771. 0
1792. 5
1813. 3

605.8
613,7
623.3

124. 9
123. 8
122. 6

167. 7
166. 9
166. 0

292. 6
290. 7
288. b

384.5
387.0

489.6
494.0
498.6

872. 7
878. 5
885. 6

263..2
26 3.,6
264.,4

141. 9
147. 1
151. 8

405. 2
410. 7
416. 2

5.3
5 .3
5• 4

249. 1
251. 7
251. 9

149. 0
151. 8
153. 6

1836. 2
1851. 6
1857. 1

621. 7
620. 0
626. 2

121. 6
121. 4
120. 3

166.9
168.0
168.4

288. 6
289. 4
288. 6

384. 7
382. 0
382. 8

497. 2
495. 6
495. 8

9
877^ 6
878. 6

262 3
264. 4
269. 4

154. 6
154. 9
154. 2

416. 9
419. 3
423. 6

161. 7
163. 1
164. 5

5.5
5 .5
5.7

252. 5
255. 8
260. 7

155. 3
157. 3
160. 3

1852. 4
1863. 0
1881. 4

628. 9
631. 2
630. 4

119. 6
120. 4
121. 9

168. 3
168. 9
170. 1

287.8
289.3
292.0

387. 6
390. 0
390. 8

497. 8
502. 0
503. 5

885. 3
892. 0
894. 2

273. 0
272. 1
267, 7

154. 4
156. 1
156. 4

427. 3
42H. 2
424. 1

165. 4

5.9

260. 9

163. 6

1894. 6

623. 4

123. 2

172. 8

296. 0

388. 4

500. 6

889. 0

266. 0

154. I

420. 2

Oamand
dsposlts'

155. 0
155. 9
156. 8

5.2
5.2
5.1

247, 3
246. 8
247. 5

OCT.
NOV.
DEC.

157. 1
157. 9
158. 7

5.0
5.1
5. 2

1985-JAN.
FEB.
MAR.

159.
160. 5
161. 3

APR.
MAY
JUNE
JULY

1934-JULY
AUG.
SEPT.

Nontran
compiwants

lnM3
only*

Travalsrs
chacks*

Data

Othat
chackaftfa
dapoatila4

Currency

total

383. 1

UF.KK ENDING
19R5
JULY

AUG.

1/
2/
3/

4/

5/
6/
7/
8/

9/
10/




1
8
15
22
29

165. 0
165. 2
164. 8
165. 4
165. 9

263.
262.
259.
260.
260.

5
12 P
19 P

166. b
166. 7
167. 2

262. 4
261. 7
263. 6

4
3
0
5
3

161.
163.
162.
163.
164.

9
4
2
7
7

167. 2
168. 6
169. 3

122.
123.
123.
123.
123.

3
1
1
3
2

124. 0
124. 3
124. 2

391.
388.
388.
388.
388.

2
9
7
4
0

26 5. 3
265. 7
266. 1
266. 8
266. 0

385. 5
384. 4
384. 2

265. 2
267. 1
267. 8

CURRENCY OUTSIDE THE U.S. TREASURY, FF.DERAL RESERVE BANKS AND VAULTS OF COMMERCIAL BANKS.
EXCLUDES THE ESTIMATED
AflOHNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SEFVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONbANK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEHAND DEPOSITS AT COMMERCIAL EANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DUE 10 DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT.
EXCLUDES THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BK THRIFT INSTITUTIONS TO SEFVICE THEIR OCD
LIABILITIES.
CONSISTS OF NOW AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CEEDIT UNION SHAR? DRAFT BALANCES AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFFERENCE BETWEEN THE
SEASONALLY ADJUSTED SU* OF DEMAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDEC ARE ALL CEILING
FREE "SUPER NOWS," AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEREGULATION COMMITTEE TO BE OFFERED BEGINNING JANUARY 5,
1983.
SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, MONEY MARKET FUND BALANCES (GENEPAL PURPOSE AND BROKER/DEALER),
MMDAS, AND SAVINGS AND SHALL 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.
SOM OF LARGE TIME DEPOSITS, TERM RPS AND TEFH EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FOND BALANCES (INSTITUTICNONLY) , LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS ANP EURODOLLARS HELD EY
INSTITUTION-ONLY HONEY HAPKET FUNDS.
SAVINGS DEPOSITS EXCLUDE MMDAS.
SMALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL P P S — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMEPCIAL BANKS AND THRIPTS ARE SUBTRACTED FROM SMALL
TIME DEPOSITS.
LAEGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LAEGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY MONEY MARKET MUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.

H.6 (506)
Table 4

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

1984-JONE

savings bonds

Non-M3 components of L
short-term treasury
bankers acceptances2
securities1

73.0

244.8

47.7

155.5

1261.3

4309.6

73.1

48.2
47.8
46.8

159.4
160.5
157.2

1277.9
1299.0
1311. 1

4353.2
4J91.3
4431.0

JULY
AUG.
SEPT.

73.6

252. 1
261.1
273.5

OCT.
NOV.
DEC.

73.7
73.9
74.1

273. 1
268.0
267.2

44.8
42.5
41.3

156.7
157.6
161.8

1325. 2
1347.2
1367.0

4477.2
4530.7
4586.2

1985-JAN.
FEB.
MAR.

74.4
74.9
75.3

266.7
270.3
276.5

40.8
42.5
44.3

159.6
164.8
169.8

1385.3
1401.0
1413.5

4634.0
4673.7
4716.2

75.8
76.2

279.4
279.2

44.0
42.5

168.9
168.6

1429.0
1446. 6
1462.2

4762.6
4806.9
4851.8

APR.
HAY
JUNE P

73.3

_ _ ...

1/
2/
3/
4/

Debt components4
federal debt
non-federal debt

commercial paper3

.... .

]

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 FESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY HONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE 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
Date

Currency1

at thritt
institutions5

at commercial
banks4

in M26

total

Overnight
Eurodollars9

Overnight
RPs8

General
purpose and
broker/dealer
money market

-\-

42.7 !
45. 0 !
44. 1 j

13.6
13.5
12.6

150.5
150.6
152. 1

604.0
616.0
625.5

44.7

47.9 i
45.2 !

12. 1
10.1
12.4

155.6
162.0
167.5

1835.9
1855.9
1864.7

620.1
619.8
627.7

48.7 I
56.3 |
55.7 |

14.2
13.3
12. 1

171. 9
175. 1
177.fc

160. 1
156.2
161.3

1857.6
1864.5
1884.1

628.9
633.0
629.4

47.4 j
51.3 I
50.3 !

11.7
12.4
12.3

176.2
172.2
175.4

48. 5

163.5

1897.3

619.6

50.2 !

11.9

112.6
117.0
115.8
114.3
113. 1

47. 1 i
49.8
4 8.8 I
48.2 i
47.2

159.7
166. 8
164.6
162.5
160.3

48.5
45. 0
51.7
51.8
52.2

13.0
9.4
12.2
12.2
13.4

176. 1
174.7
176.9
176.2
174.7

117.0
117.8
116.8

50.0

167.0
167.6
166.0 !

52.0
50.9
53.7

12.8
13.2
13.8

175.4
176.7
176.6

101.0
100.7
101.7 |

38. 4
38.2
38.8

139. U
138.9
140.5

1735.8
1742.7
1750.3

OCT.
NOV.
DEC.

101.5 !
103.1 !
105.9 j

39. 3
40.4
41.3

140.8
143.4
147.2

1768.4
1788.5
1806.3

1985-JAN.
FEB.
MAR.

108.3 i
107.8 ,
109.9 ;

4 1. 8
42.3
43.8

150. 1
150. 1
153.6

APR.
HAY
JUNE

114. 1
110.5
113.8

46. 1
45.7
47. 5

JULY

115.0

1984-JULY
AUG.
SEPT.

\

! 175.6

WEEK ENDING:

1
8

1985-JOLY

261.8 !
268.5 |
265.4
259.3 i

15
22
29
AUG.

5
12 P
19 P

254.0 |

167.7
168.6
167.8

263.2 I
262.1
262.7

49. 7
49, >
i

I
1/
2/
3/
4/
5/
6/
7/
8/
9/

j

1

I

L

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND THE VAULTS OF COMMERCIAL BANKS. EXCLUDES' THE ESTIMATED
AMOUNT 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 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 NOW AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER NOWS OF $41.2 BILLION IN THE WEEK ENDED AUG. 5, $41.5 BILLION IN THE WEEK ENDED AUG. 12,
AND $41.4 BILLION IN THE MEEK ENDED AUGUST 19.
CONSISTS OF NOV AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOHS OF $17.5 BILLION IN THE WEEK ENDED AUG. 5, $17.5
BILLION IN THE WEEK ENDED AUG. 12, AND $17.3 BILLION IN THE SEEK ENDED AUGUST 19.
SUH OF OVERNIGHT RPS AND EURODOLLARS, HONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), NHDAS AND SAVINGS
AND SHALL TIHE DEPOSITS LESS THE ESTIMATED AMOUNT OF DEHABD DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIAEILITIES.
SUH OF LARGE TIHE DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, HONEY HARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AHOUNT OF OVERNIGHT EPS AND EURODOLLARS HELD BY INSTITUTION-ONLY
HONEY HARKET HUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHEB THAN DEPOSITORY INSTITUTIONS AND
HONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AMD BROKEJK/DEALER) •
ISSUED BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
HOHEY HARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKEfi/DEALBB).




H.6 (508)
Table 5-continued

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

Date

Money market deposit accounts
at
at
thrift
commercial
total

Savings deposits 1

Small denomination time deposits 2

at

at

commercial
banks

thrift
institutions

total

at

at

commercial
banks

thrift
institutions

total

Large denomination time deposits 1

at

at

commercial
banks 4

thrift

total

institutions

banks

institutions

244.9
243.6
244.8

149.3
145.3
143.8

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
483.4

839.3
855.8
867.4

253.5
256.4
259.3

134.6
138.7
138.6

388.0
395. 1
397.9

OCT.
NOV.
DEC.

248.2
257.1
267.1

143.9
145.4
147.9

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

493.2
497.4
499.4

879.4
884.5
887.0

264.0
263.6
265.9

143.1
147.6
151.1

407.1
411.2
416.9

1985-JAN.
FEB.
HAR.

280.4
289.3
294.0

153.2
159.0
163.9

433.7
448.3
457.9

121.1
120.4
120.6

165.7
166.5
168.2

286.9
286.9
288.8

386.3
384.1
383.7

502.0
499.5
496.3

888.4
883.6
880.0

263.0
263.9
269.8

154. 1
154.9
153.3

417. 1
418.8
423.0

APR.
HAY
JUNE

295.9
298.3
307.3

164.5
165.6
167.8

460.3
463.9
475.1

120.9
121.7
123.2

169.3
170.1
172.6

290.2
291.8
295.8

383.9
385.2
386.4

495.6
495.5
496.8

879.4
880.8
883.2

270.4
270.0
267.3

153.4
156.1
156.0

423.8
426.0
423.2

JULY

313.0

171.0

484.0

124.4

175.1

299.4

386.4

498.0

884.4

265. 1

154.3

419.4

1984-JULY
106.
SEPT.

WEEK ENDING
1985
JULY

AUG.

1
8
15
22
29

309.3
311.2
312.7
313.3
314.3

123.5
124.6
124.5
124.4
124.0

366.8
387.0
386.6
386.3
385.9

265.2
264.2
264.3
265.8
266.4

5
12 P
19 P

315.7
316.8
317.8

124.2
124.4
124.0

385.7
385.6
385.5

266.0
268.5
269.5

i

1/
2/
3/
4/

SAVINGS DEPOSITS EXCLUDE HHDAS.
SHALL DENOHINATION TIHE DEPOSITS — INCLUDING RETAIL RPS — ABE THOSE ISSUED IN AHOUNTS OP LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COHHERCIAL BAKKS AND THRIFTS ARE SUBTRACTED FROH SHALL
TIME DEPOSITS.
LARGE DENOHINATION TIHE DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR BORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOMINATION TIHE DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY HONEY HARKET HUTUAL FUNDS, DEPOSITORY
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (508)
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
Bankers
treasury
acceptances4
securities3

Components of Debt
Commercial
paper*

Federal debt 6

Non-Federal6
debt

46.1
46.2
46.9

28.1
30.7
31.3

31.8
33.4
35.4

60.0
64.1
66.6

88.3
86.5
85.6

73.0
73.3
73.5

250.4
259.4
271.6

47.5
47.7
47.2

161.2
159.8
158.4

1270.8
1295.8
1310.5

4336.8
4376.3
4419.3

OCT.
MOV.
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

80.6
81.9
83.2

73.8
74.0
74.4

271.3
265.1
264.8

45.1
43.3
42.8

158.3
159.4
156.9

1323.0
1343.0
1364.7

4468.9
4523.0
4582.5

1985-JAN.
FEB.
MAR.

65.0
62.2
59.5

29.9
31.2
32.7

35.1
34.5
36.2

65.0
65.7
68.9

81.2
81.3
84.7

74.6
74.9
75.3

266.5
273.8
284.1

42.0
42.7
43.2

157.3
164.2
167.7

1383.1
1397.4
1412.0

4628.0
4655.4
4688.8

APR.
(SAY
JUNE

59.6
63.5
67.1

35.2
33.4
33.1

36.8
35.4
33.8

71.9
68.8
66.9

80.6
80.9
78.7

75.6
76.1

282.8
277.1

42.6
41.7

169.3
168.8

1427. 1
1443.8
1457.9

4734.0
4780.9
4830.8

JULY

64.8

31.1

33.4

64.5

76.5

15
22
29

67.3
64.7
64.8
65.5
64.3

32.7
33.2
31.5
29.6
30.0

5
12 P
19 P

62.9
62.8
62.2

30.2
31.5
33.0

1984-JOLT
AUG.
SEPT.

WEEK E N D I N G :

1985-JULY

1
8

AOG.

1/
2/
3/
4/
5/
6/

TERN RPS ARE THOSE MITH ORIGINAL MATURITIES GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS. INCLUDES
A RELATIVELY SMALL AHOONT OP OVERNIGHT RPS AT THRIFT INSTITUTIONS.
TEBH EURODOLLARS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAY. CONSISTS OP THOSE ISSUED TO U.S. RESIDENTS BY
FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE AND BY ALL BANKING OPFICES 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, PEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM 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 END-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6 (508)
Table 6

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

Date

foreign
official
institutions

foreign
commercial
banks
_|

Time and
savings
deposits
cue to foreign
commercial
banks and
foreign official
institutions

demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

note balances
at commercial
banks
and thrift
institutions

41.9

16.0

1.0
1.1
1.0

42.6
43.2
43.8

6.2
6.5
6.9

105.7
107.3
109.7

14.9
12.7
9.2

22.5
20. 1
16.6

1.1
1.1
1.0

45.3
47.0
48.8

7.4
7.7
7.9

114.0
117.9
122.1

6.6
6.7
2.8

11.5
17.8
11.4

22.0
27.6
17.7

1.0
1.0
1.0

53.5
55.1
55.9

6.6
8.6
8. 5e

131.2
134.2e
136.2e

3.1

4.0

20.0

27.0

1.0

56.7

8.6e

138.6e

8.3
8.2
8.3
8,3
8.3

2.9
4.2
2sQ
2.8
2.4

3.5
5.3
3.4
3.9
3.7

20.3
21.2
18.5
20.0
21.5

26.6
30.7
24.8
26.6
27.6

•o
.0
.0
.0
.0

8.3
8.1
8.2

3.4
2.5
2.8

2.4
3.5
2.9

15.9
9.5
8.8

21.7
15.5
14.4

. 1
.0
.1

8.4
7.5
9.1

15.1
13.6

3.6

4.0
4.3
3.8

8.5
8.4
8.3

3.9
3.1
3.4

1.8

8.3

1.8
1.9
1.9
1.8
1.7
1.9
1.9
2.1

14. 1

OCT.
NOV.
DEC,

8.5
8.8
6.6

1.8
2. 1
2.0

9.2
9.4
9.6

2.7
2.8
3.4

4.0
3*2
3.4

1985-JANFEB.
MAE.

8.5
8.3
7.5

1.9
2. 1
1.8

9.2
8.9
8.7

3.7
3. 1

APR.
NAX
JONE

7.6
7.8
7.8

1.9
2.1
1.9

JOly

7.9




total

101.5
102.7
104.0

4.0
3.6
6.0

e = estimated

money
market
mutual funds

6.2
6.2
6.2

2.8
2.9
3.4

8.2
7.8
7.4

commercial
banks

40.6
41.3

8.4
9.0
9.4

5
12 p
19 p

time
and savings
deposits at
commercial
banks

0.9
0.9
1.0

2.0
1.9
2.0

AUG.

total demand
deposits and
note and
FR balances

15.8
13.9
23.6

9.0
7.5

8.7
8.4
8.4

1984-JULY
AOG.
SEPT.

IRA and Keogh Accounts

U.S. government deposits

i