Full text of H.6 Money Stock Measures : August 30, 1984
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FEDERAL RESERVE statistical release H.6<50«t Tabl* 1 MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES AUGUST 30, 1984 Billions of dollar* M1 M2 Sum of currency, M1 plus overnight Rfe and Eurodollars, MS M2p*US L Debt liquid assets4 nonfinanciai sectors* t^rm Bflk. t ^ m Fiinrwtall.«w demand depoetts and other checkable deposits' and brofcer/dealer), MMOAa, and savings and small Urn* deposits1 and institution-only MMMF balances* Seasonally adjusted 1983—JOLI ADG SEPT. OCT. NOY. DBC. 514.9 517.4 518.9 521*6 523.0 525.3 2126.6 2135.3 2147.9 2167.2 2182.1 2196.2 2604.0 2617.2 2636.7 2656.4 2686.9 2707.8 3059.7 3075.1 3097.9 3114.0 3144.8 3178.0 4983.8 5024.7 5066. 1 5109.3 5153.1 5204.5 1984—JAB. FEB. flAB. APB. BAT JOIB JOLI 530.0 532.9 535.1 535.3 541.0 546.2 545.6 2206.8 2222.5 2229.9 2242.8 2258.6 2271.7 2281.2 2721.2 2744.1 2765.3 2790.0 2816.0 2837.8 2858.8 3196.9 3226.8 3268.8 3295.3 3327.2 3369.1 5260.1 5317.2 5371.5 5431.7 5498.6 5556.4 Not seasonally adjusted 1983—JOLT AUG. SEPT. OCT. NOT. DEC. 516.6 513.5 516.3 522.3 526.7 537.8 2131.9 2133.3 2142.2 2167.1 2181.2 2198.0 2604.0 2615.6 2631.3 2655.0 2687.9 2713.9 3052.5 3070.6 3085.7 3109.9 3146.0 3185.8 4957.3 5000.2 5048.4 5095.4 5138*9 5197.7 1984— J l i . FEB. 534.8 521.8 528.1 543.2 534.9 545.5 547.3 2210.5 2212.3 2230.9 2254.7 2253.5 2273.5 2286.3 2727.0 2736.8 2766.5 2798.6 2811.3 2836.4 2857.7 3208.4 3228.3 3275.1 3306.8 3323.1 3365.1 5254.2 5301.7 5352.9 5409.2 5471.0 5528.8 BAB. APB* HAT JOIB JOLT M1 Foe period ended Not seasonally adjusted Seasonally adjust** 13 week s> 1984-JOLT AOG. 9 16 23 30 541.3 542.1 542.9 543.9 544.4 546.1 545.7 546.0 545.7 545.1 544.6 546.6 546.5 544.8 542.2 541.4 542.11 542.3 542.2 542.5 545.1 546.7 548.0 549.6 546.8 545.1 558.6 553.4 541.1 534.0 6 13 P 20 P 545.0 545.4 545.6 545.2 545.1 545.9 547.3 546.2 547.9 543.2 543.9 544.$ 544.3 542.9 543.5 548.7 547.6 543.7 2 HOTS: HIGHLY TOLATILE ABD SOBJECT TO BBTISIOB. P—IBOICATBS PBBLIUBABT DATA. FOOTBOTBS APPBAB OB THE FOLLOiliG PAGE H.6 (508) Table 2 MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES Ftrcent change at seasonally adjusted annual rates M1 3 MONTHS FBOM APB. 1981 TO JOLT 1984 7,7 6 MONTHS FROM Jll. 1984 TO JOLT 1984 12 MONTHS FBOfl JOLT 1983 TO JOLT 1984 M2 M3 Debt1 6.8 9.9 13.8 5.9 6.7 10.1 13.$ 6*0 7.3 9.8 12.7 THIRTEEN WEEKS EMDIMG AUG. 20, 1984 FBOfl TBIBTBBN WEEKS ENDING: 1/ 1/ 2/ 3/ 4/ 5/ HAT. 21, 1984 (13 NBEKS PBBVIOUS) 6.8 FBB. 20, 1984 (26 WEEKS PBBVIOOS) 6.4 AUG. 22, 1983 (52 WEEKS PBBYIOUS) CBOWTH BATES FOB DEBT iBB BASBD 01 PBBIODS BBGIIVIVG AMD ENDING ONE MOUTH EABLIIB TBAI FOB 1HB BONETABT AGGBBGATES, NAHELT, MARCH 1984 TO JOBB 1984, DECEMBER 1983 TO JOMB 1984, ABO JOBB 1983 TO JOHE 1984, BESPECTIT1LI. FOOTBOTBS TO TABLE 1 CONSISTS OF (1) COBBEICI OOTSIDB THE TBEASOBI, FEDERAL RESERVE BANKS, AND THE VAULTS OF COBBEBCIAL BANKS; (2) TBAVBLEBS CHECKS OF NONBANK ISSUEHS; (3) DEMAND DEPOSITS AT ALL COHflEBCIAL BANKS OTHEB THAN THOSE DOE TO DOHESTIC BANKS, THE U.S. GOVBBNHBBT, AND FOBBIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND FBDEBAL BESBBVB FLOAT; AND (4) OTHEB CHBCKABLB DEPOSITS (OCD) CONSISTING OF NEGOTIABLE OBOEB OF WITHDRAWAL (MOW) AND AUTOMATIC TBANSFEB SBBVICB (ATS) ACCOUNTS AT DEPOSITOBT INSTITUTIONS, CBEDIT UNION S8ABB DBAFT ACCOUNTS AND DBflAND DEPOSITS AT THBIFT INSTITUTIONS. THB CUBBENCT AND DEMAND DEPOSIT COMPONENTS EXCLUDE THB ESTIMATED AHOUNT OF TAULT CASH AND DBHAND DEPOSITS, BESPBCTIfELY, HELD BT THBIFT INSTITUTIONS TO SBBflCB THEIB OCD LIABILITIES. CONSISTS OF HI PLUS OVEBNIGBT (AND CONTINUING CONTBACT) BPS ISSUED BI ALL COHHEHCIAL BANKS AND OVEBMIGHT EUBODOLLABS ISSUED TO U.S. BESIDBNTS BT FOBEIGN BBANCHBS OF O.S. BANKS WOBLDBIDE, HHDAS, SAVINGS AND SHALL DENOMINATION TIHB DBPOSITS (TIME DEPOSITS—INCLUDING BBTAIL BPS—IN AHOUNTS OF LESS THAN $100,000)0 AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT GENBBAL POBPOSE AND BBOKBB/DBALEB SONET HARKET MUTUAL FUNDS. EXCLUDES IBA AND KEOGH BALANCES AT DBPOSITOBT INSTITUTIONS AND H0M1Y HABKBT FUNDS. ALSO EXCLUDBS ALL BALANCES HELD BT U.S. COHHEBCIAL BANKS, HONET ttABKBT FUNDS (GBNEBAL PUBPOSB AND BBOKBB/DBALEB), FOBEIGN GOVEBNMENTS AND COHHEBCIAL BANKS, AND THB U.S. GOVEBNHENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTHBNT THAT BBPBESBNTS THE ESTIHATBD AHOUNT OF DBHAND DEPOSITS AND VAULT CASH HELD BT THRIFT INSTITUTIONS TO SEBVICB THEIB TIHB AND SAVINGS DEPOSITS. CONSISTS OF H2 PLUS LARGE DENOMINATION TIHB DBPOSITS (IN AMOUNTS OF $100,000 OB HOBE) AND 1EBM RP LIABILITIES ISSUED BT COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BT U.S. RBSIDBMTS AT FORBIGN BBANCHBS OF U.S. BANKS BOBLDWIDB AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT IMSTITOTION-ONLT MOMEI MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BT DBPOSITOBT INSTITUTIONS, THE U.S. GOVERNMENT, MONET MARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTHBNT THAT BBPBESBNTS THB BSTIHATBD AMOUNT OF OVEBMIGHT BPS AND EURODOLLARS HELD BT IMSTITOTION-ONLT HONET MARKET MUTUAL FUNDS. CONSISTS OF M3 PLOS THB NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURT SECURITIES, COMMEBCIAL PAPBB AID BANKBBS ACCEPTANCES, NET OF HONET HABKBT MUTUAL FOND HOLDINGS OF THESE ASSETS. DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CBBDIT MARKET DEBT OF THE UNITED STATBS GOVERNMENT, STATB AND LOCAL GOVERNMENTS AND PRIVATE NOMFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF COBPORATE BONDS, MORTGAGES, CONSUMES CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPER, BANKBRS ACCEPTANCES AND OTHER DEBT INSTRUMENTS. THE DATA ABB DEBIVED FROM THE FEDERAL RBSEBVB BOABD'S FLOW CF FUNDS ACCOUNTS. ALL DATA CM DEBT OF DOMESTIC NONFINANCIAL SECTORS ABE PRBSENTBD IN MONTH-AVERAGE FORM, DERIVED BT AVERAGING HONTft-END LEVELS OF ADJACENT MONTHS. THB DATA HAVE ALSO BEEN ADJUSTED TO BEHOVE STATISTICAL DISCONTINUITIES THAT MAT ARISE IN THE UNDERLTIMG FLOW OF FUNDS STATISTICS. THB PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FROM THE QOABTEBLI FLOW OF FUNDS STATISTICS CONTAINED IN IN THB FEDERAL RESBRVB BELEASES Z.7 AND Z.1. IN THOSE RELEASES, PUBLISHED LBVELS OF CRBDIT MARKET DEBT ARB MBASURBD ON A A QOABTBB~BBD BASIS AMq INCLUDE DISCONTINUITIES. H.6 (506) Table 3 COMPONENTS OF THE MONEY STOCK Billions of dollars, seasonally adjusted Non transactions components in M3 in M2* only* SavinQs deposits7 at st total commercial thrift banks institutions Selected nontransactions items Small time deposits* st at thrift total commercial institutions banks U r M time deposits1 at at thrift total commercial 10 banks institutions Demand deposits' Othsr chacksbts deposits4 14.6 I1.7 11.7 244.5 243.7 243.0 123.4 125.6 126.4 1611.6 1617.9 1629.0 477.5 482.0 488.8 138.8 138.0 137.4 181*9 181.3 180.5 320.7 319.3 317.9 328.0 333.4 338.2 4 09.0 415.6 420.7 737.0 749.0 759.0 224.1 224.0 223.8 80.1 84.5 89.4 304.2 306.6 313.2 146.0 147.2 148.0 41.8 ^1.9 I1.9 243.6 242.8 243.7 127.2 128.2 128.8 1645.6 1659.2 1670.9 489.2 504.7 511.7 137.0 136.1 134.6 180.2 179.2 178.2 317.1 315.4 312.9 344.8 350.0 353.1 428.2 435.5 440.0 773.0 785.5 793.1 221.7 224.2 225.5 93.9 96.6 100.4 315.6 320.8 325.9 1984-JAM. FIB. HAB. 149.9 150.2 150.9 4.9 5.0 5.0 244.5 243.8 244.0 130.7 133.8 135.2 1676.8 1689.6 1694.6 514.4 521.7 535.3 132.1 130.1 128.9 177.7 176.5 176.6 309.9 306.6 305.5 352.9 352.8 353.5 444.1 448.1 449.9 797.0 800.9 803.4 227.2 228.3 232.8 106.3 112.0 115.5 333.4 340.3 348.3 API. BAY JUNE 151.8 152.9 154.2 5.1 5.1 5.1 245.3 245.3 248.3 133.2 137.8 138.6 1707.5 1717.5 1725.5 547.2 557.4 566.1 128.6 128.2 128.0 176.9 177.3 177.2 305.5 305.5 305.2 356.0 360.5 365.7 452.4 456.1 463.3 808.3 816.7 829.1 236.4 243.8 249.7 119.5 123.8 129.4 355.9 367.6 379.0 JULY 155.0 5.2 247.1 138.3 1735.* 577.6 127.4 176.0 303.3 371.8 473.8 845.6 255.1 134.0 389.1 154.1 155.0 155.1 155.3 155.4 249.2 247.7 248.2 246.8 242.5 136.2 138.9 138.0 137.5 139.0 127.8 128.0 127.5 127.2 126.8 368.4 370.0 371.2 372.5 374.2 252.0 253.2 254.7 256.6 257.1 155*8 155.9 156.0 246.6 245.2 247.5 139.6 139.8 139.2 126.8 126.6 126.5 375.8 377.3 378.7 254.6 255.6 256.3 Dais Currency Travelers chucks1 142.4 143.5 144.8 OCT. NOV. 1983-JULI AUG. SIFT. 8EEK ENDING 1984-J91I 2 9 16 23 30 ADC 6 13P 20P 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 1 CUBRBMCY OUTSIDB THE U.S. TBEASUBY, FBDBBAL BESEBVE BANKS AND VAULTS OP COMMERCIAL BANKS. EICL0DBS THE BSTIBATED AMOUNT OF VAULT CASH HELD BT THBIPT INSTITUTIONS TO SERVICE THEIB OC0 LIABILITIES. OUTSTANDING AHOUNT OF U.S. DOLLAB-DENOHIMATBD TBAVBLEBS CHECKS OP MONBAMK ISSOEBS. TRAVELERS CHECKS ISSUED BY 03P0SITOBX INSTITUTIONS ABB INCLUDED IB DEHAND DEPOSITS. DEMAND DEPOSITS AT COHHBBCIAL BANKS AND POBEIGN BELATED INSTITUTIONS OTHEB THIN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVEBNHENT AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEHS IN THE PBOCESS OF COLLECTION AND FEDEBAL BESEBVE FLOAT. EXCLUDES THE ESTIMATED AHOUNT OF DEHAND DEPOSITS HELD AT COflflEBCIAL BANKS BI THRIFT INSTITUTIONS TO SEBVICS THBIB OCD LIABILITIES. CONSISTS OF NOW AND ATS BALANCES AT ALL DEPOSITOBY INSTITUTIONS, CBEDIT UNION SHABE DBAFT BALANCES AND DEMAND DEPOSITS IT THBIFT INSTITUTIONS. OTHEB CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFFBBENCE BETHEiN THE SEASONALLY ADJUSTED SOB OF DEBAMD DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDED ABE ALL CEILING FBBE "SUPER NOUS," AOTHOBIZBD BY THE DBPOSITOBY INSTITUTIONS DEREGULATION COBBITTEE TO BE OPFEBBD BEGINNING JANDABY 5, 1983. SUM OF OVBBNIGHT BPS AND OVEBNIGHT EURODOLLABS, HONEY HARKET FUND BALANCES (GENERAL PUBPOSE AND BHOKEB/DEALEfi) , UflDAS, AND SAVINGS AND SHALL TIHE DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AHOUNT OF DEHAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIB TIfiE AND SAVINGS DEPOSITS LIABILITIES. SUB OF LIBGB TIHE DEPOSITS, TERH RPS AND TERH EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET FOND BALANCES (INSTITUTIONONLY), LESS A CONSOLIDATION ADJUSTMENT THAT BEPBBSBSTS THE ESTIMATED AMOUNT OF OVERNIGHT BPS AND EURODOLLARS HELD BY INSTITUTION-ONLY BONEY MARKET FUNDS. SAVINGS DEPOSITS EXCLUDE HHDAS. SHALL DENOMINATION TIHE DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUED IN AMOUNTS OF LBSS THAN $100,000. ALL INDIVIDUAL RETIREMENT ACCOUNTS (IBA) AND XSOGB ACCOUNTS AT COMHBBCIAL BANKS AND THBIFTS ABE SUBTBAC1ED FBOM SMALL TIME DEPOSITS. LASGE DENOMINATION TIME DEPOSITS ABB THOSE ISSOED IM AMOUNTS OF $100,000 OB MOBE, EXCLUDING THOSE BOOKED AT IMTEBMATIONAL BANKING FACILITIES. LABGS DENOMINATION TIflfi DEPOSITS AT COHHEBCIAJ. BANKS LESS THOSE HELD BY MOMBY MABKBT MUTUAL FHMDS9 DIPOSITOBT INSTITUTIONS AN3 FOREIGN BANKS AND OFFICIAL INSTITUTIONS- Hi(60t) Table 4 COMPONENTS OF LIQUID ASSETS AND DEBT Sllllons of dollars, seasonally adjusted Data 1983-JOIB 70.1 70.3 commercial paper* Debt components4 federal debt non-federal debt 206.8 40.6 122.9 1091.0 3840.4 41.6 43.6 43.8 124.4 121.0 125.3 1113.6 1128.2 1142.6 3870.2 3896.5 3923.5 70.5 219.6 222.9 221-6 OCT. •Of, DEC. 70.7 70.8 71.0 216*5 217.2 223.3 42.6 43.0 43.4 125.7 126.9 132.4 1156.0 1166.5 1174.0 3953.3 3986.6 4030.5 1984-JAB. FIB, BAR. 71.2 71.7 72.2 226.6 231.8 245.8 42.8 41.7 42.6 135.0 137.4 143.0 1191.3 1213.1 1220.7 4068.8 4104.1 4150.8 AFB. • AT 72.5 72.8 73.0 241.8 240.0 252.1 43.3 45.4 47.1 147.7 152.9 159.1 1233.4 1253.1 1265.4 4198.4 4245.5 4291.0 1/ 3/ 4/ 69*8 Non-M3 components of L short-term treasury bankers acceptances1 securities1 JOLT AUG. SEPT. JO MB P 2/ savings bonds COBSISTS OP U.S. TBBASUBI BILLS ABO COOPOMS MITH BBHAIBIBG BATOBITIES OP LBSS THAN 12 BOBTBS BELD BT OTHBB TBAB DBPOSITOBT IBSTITUTIOBS, PEDBBAL BBSBBfB BANKS, BOBBT BABKET B0T0AL PUBDS AMD POBEIGM B1TXTIES. MET OP BABKEBS ACCEPT All CBS HELD BT ACCEPT IMG BANKS, PBDBBAL BESBfifE BANKS, POBEIGB OFFICIAL INSTITUTIONS, TBB FEDERAL HOHE LOAM BANK STSTBfl AMD HOME! BABKBT BUTUAL FOMDS. TOTAL COBNEBCIAL PAPBB LBSS COBBBBCIAL PAPBB HELD BT BOMET BABKET BUTUAL PUBOS. DEBT DATA ABE 01 A BOMTBLT AfEBAGB BASIS, DBfilfEO BT AfEBAGIMG BMD-OF-BOMTH LETELS OP ADJACENT BONTBS, AND BAfE BEEM ADJUSTED TO BEBOfB DISCONTIBOITIBS. H.6 (508) Table 5 COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT Billions or dollars, not seasonally adjusted Nontransacticns components Other checkable deposits Date 1 Currency Travelers checks' Demand deposits' at commercial banks4 at thrift Institutions* total inM2* in M3 only 7 Overnight RP»* Overnight Eurodollars* General purpose and broker/dealer money market funds 143.6 143.8 144.3 5.2 5.1 5.0 244.9 241.1 242.0 91.9 92.4 93.4 31.0 31.1 31.6 122.9 123.5 124.9 1615.2 1619.8 1626.0 472.1 482.3 489.1 43.5 42.0 42.8 9.6 10.4 10.7 138.7 139.1 137.9 DBC 145.7 147.9 150.9 1.8 1.6 1.6 244.8 245.2 251.6 94.3 95.6 97.7 32.7 33.3 33.5 127.0 128.9 131.2 1644.8 1654.5 1660.2 487.9 506.7 515.9 45.3 44.9 44.8 11.7 10.3 11.4 137.5 138.8 138.2 1984-JAM. FEB. BAB. 148.4 148.3 149.8 I1.7 I1.8 1.6 249.4 237.9 239.4 99.2 97.8 99.7 33.2 33.2 34.4 132.5 130.9 134.1 1675.7 1690.5 1702.8 516.5 524.5 535.7 47.1 48.1 47.0 11.5 11.4 11.3 137.9 142.1 144.8 APR. HAT J0B1 151.5 152.9 154.9 4.8 5.0 5.4 247.8 241.3 247.0 102.8 99.7 101.1 36.2 36.0 1711.5 1718.6 37.0 139.0 135.8 138.1 1728.0 543.9 557.8 563.0 46.4 47.0 43.9 11.1 12.2 12.3 146.0 146.5 146.8 JOLI 156.3 5.8 247.5 100.4 37.3 137.8 1738.9 571.4 43.1 12.8 150.4 1963-JOLY AUG. SEPT. OCT. not. HBBE ENDING? 1984-JULY AUG. 1/ 2 9 16 23 30 154.8 157.8 156.8 156.0 155.0 248.4 253.3 252.2 243.3 238.8 99.3 103.1 101.1 99.3 98.1 36.9 38.7 37.6 36.7 36.1 136.2 141.8 138.7 136.0 134.3 42.1 42.7 42.0 44.1 44.0 14.7 12.2 12.3 13.3 13.0 148.8 148.8 150.4 150.8 151.7 6 13 P 20 P 157.1 157.5 246.3 245.9 244.2 101.3 100.9 100.0 38.2 37.5 36.9 139.4 138.3 43.5 44.9 10.8 12.1 44.6 13.3 151.5 150.1 149.7 156.7 137.0 COBBENCT OOfSXOB TBB U.S. TRBAS0BY, FEDE&AL RESERVE BANKS ABO TBB VAULTS OP COHBBRCTAL BARES. EXCLUDES THE BSTIHATBD ABOOBT OP VAULT CASB HELD BY THRIFT INSTITUTIONS TO SERVICE THBIB OCO LIABILITIES. 2/ OUTSTANDING ABOUVT OF O.S* DOLLAR-DENOHINATBD TRAVELERS CHECKS OF NOBBANK ISSUERS. TBAVBLEBS CflBCKS ISSUED BY DEPOSITORY IBSTITOTIOBS ABB INCLUDED IB OBHABD DEPOSITS. 3/ DSRAND DEPOSITS AT COHflRBCIAL BABES OTHER THAN THOSE DOE TO DOHBSTIC BANKS, THE O.S. COVERMHBUT ABO POBBIGN BARKS ADD OFFICIAL IBSTITUTIONS, LESS CASH ITBBS IS THE PROCESS OF COLLECTION AND F.R. FLOAT. LESS TBB BSTIBATEO ABOOIT OF D1HANO DEPOSITS HELD AT COHBERCIAL BANKS BY THRIFT INSTITUTIONS :O SERVICE THEIR OCD LIABILITIES. 4/ CONSISTS OF NOR AND ATS BALANCES AT COHHBRCIAL BANKS, O.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND BDGE ACT CORPORATIONS. INCLUDES SUPER NOUS OF $31.8 BILLION IN THB HEBK ENDED AOG. 6, $31.8 BILLION IN THE SEEK ENDED AOGOST 13, AND $31.8 BILLION IN THE REEK BNOBD AUGUST 20. 5/ CONSISTS OF NOB AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND HDTUAL SAVINGS BANKS, CREDIT ONION SHARE DRAFT BALANCES, AND DBBAND DEPOSITS AT THBIFTS. INCLUDBS SDPBR NOUS OF $12.2 BILLION IB THE iBBK BNDED AOG. 6, 12.0 BILLION IN THE MEEK ENDED AUGUST 13, AND $11.8 BILLION IN THB UBBK BNDED AUGUST 20. 6/ 50* OF OVERNIGHT RPS AND EURODOLLARS, HONEY BARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), HHDAS AND SAVINGS AND SHALL TIHB DEPOSITS LESS THE ESTIHATED ABOOBT OF DEMAND DEPOSITS ABD VAULT CASH HBLD BY THRIFT INSTITUTIONS TO SERVICE THBIB TIBB AND SAVINGS DEPOSIT LIABILITIES. 7/ SOU OF LABGB TIflE DEPOSITS, TRBB BPS AND EURODOLLARS OF U.S. RESIDENTS, HONBY BABKBT FUND BALABCES (INSTITUTION-ONLY), LBSS A CONSOLIDATION ADJOSTHENT THAT REPRESENTS THB BSTIHATBD ABOONT OF OVBBNIGHT RPS AND BUBODOLLABS HBLD BY INSTITUTION-OILI HONEY BASKET HUTUAL FUNDS. 8/ CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COHHBRCIAL BANKS TO OTHER THAN DBPOSITOBY INSTITUTIONS AND HONEY HABKBT HUTUAL FUNDS (GBNBRAL PURPOSE AND BROKER/DEALER). 9/ ISSUED BY FOREIGN BRANCHES OF U.S. BANKS HORLDRIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND •ON BY BAREST HOTUAL FUNDS (GBNBBAL PURPOSE AND BBOKER/DBALER). H.6 (508) Table 5-continued COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT Billions of dollars, not seasonally adjusted Data Money market deposit accounts at at total thrift commercial banks institutions at commercial banks Savings deposits at thrift institutions i total Small denomination time deposits1 at at thrift total commercial institutions banka 218.4 218.9 221.1 152.2 149.7 148.4 370.5 368.6 369.5 140.6 138.3 136.4 184.2 181.5 179.8 324. 8 319. 8 316. 2 327.0 332.8 337.3 408.8 414.2 419.0 OCT. KOI. DEC. 223.4 227.1 230.0 147.1 145.8 145.9 370.5 372.9 376.0 135.8 133.7 132.0 180.1 178.3 176.5 316. 0 312. 0 308. 5 1984-JAN. FEB. HAS. 234.2 238.3 242.6 146.2 147.7 149.9 380.3 386.0 392.5 131.3 129.9 130.2 176.2 175.3 177.0 307. 4 305. 2 307. 2 343.9 348.9 351.0 353.7 355.4 356.0 APR. MAY JUII 245.4 244.3 244.9 151.0 150.2 148.0 396.4 394.6 392.9 130.5 129.9 129.7 178.1 178.3 178.9 308. 7 308. 2 308. 6 356.5 360.5 365.4 JOLI 243.9 145*0 388.9 128.9 178.1 307. 0 370.7 427.5 434.2 437.6 445.7 450.0 451.6 454.2 457.2 463.7 473.6 1983-JOI. I AUG. SIFT. 735.8 747.0 756.3 771.4 783.1 788.6 799.4 805.4 807.6 810.7 817.6 829.1 844.3 Large denomination time deposits' at at thrift commercial total 4 institutions banka 220.7 223.8 224.2 222.1 225.5 229.0 229.3 229.7 233.1 233.7 241.6 247.3 251.8 79. 4 84. 7 90. 5 300. 1 308. 5 314. 8 95. 8 98. 3 100. 7 317. 9 323. 7 329. 7 105. 7 111. 2 114* 2 335. 0 340. 9 347. 3 118. 2 123. 3 128. 2 351. 9 364. 9 375. 4 132. 8 384. 6 1BEK ENDING 1984 JOLT 2 9 16 23 30 106. 6 13 P 20 P 243.9 244.5 244.3 243.6 243.2 129.5 130.0 129.3 128.6 127.7 242.8 242.7 242.3 127.4 127.0 126.4 367.4 368.8 370.0 371.4 373.2 375.2 376.9 378.5 249.3 249.6 250*6 253.0 254.4 254.0 255.5 256*4 1/ M Z u ^ E M M a m o S ^ r o l M U T S ~ INCLUDING RETAIL RPS - ARE THOSE ISSUED IN AMOUNTS OF LESS THAN S1OO,OOO. ALL INDIflDUAL RETIREMENT ACCOONTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SMALL 3/ " " ^ D E N O M I N A T I O N TIME DEPOSITS ARE THOSE ISSQBD IN AMOUNTS OF *100,000 OH MORE, EXCLUDING THOSE BOOKED IT INTERNATIONAL 4/ LARGB^DBNOMINATION TIMB^BPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY MONEY MARKET MUTUAL FUNDS, DEPOSITORY INSTITUTIONS AND FOREIGN BAMKS AND OFFICIAL INSTITUTIONS. H.6 (508) labte 5-continusd COMPONENTS OF THE MONEY STOCK. LIQUID ASSETS AND DEBT MlUont ol doilara. not Muonally "form R»V Data Institution only monsy markat funds at commarcial tonka at thrift institutions total Tarm Eurodollars1 38.6 38.4 38.8 29.6 31.6 31.9 14.8 15.2 16.1 44.3 46.9 48.0 92.1 91.9 otc. 39.8 40.6 40.3 30,6 35.3 36.4 16.7 18.1 19.6 47.3 53.4 56.0 86.8 91.7 93.4 198%-JIM. PEB* HA*. 40.6 41.6 41.8 34.2 35.7 35.4 19.1 18.8 20.6 53.3 54.5 55.$ 90.5 90.6 94.2 1PB* an 36.2 35.7 J0I1 41.8 42.0 42.3 32.5 23.6 25.9 27.3 59.8 61.6 59.8 93.8 93*9 89.7 JULY 42.6 31.4 28.3 59.7 88.9 30 42.2 42.2 42.4 42.6 43.3 32.7 28.8 31.4 31.0 33.0 6 13 P 20 P 42.7 42.8 42.6 33.4 34.5 34.1 1983-JOLY AUG. SEPT. OCT. NOV. 90.7 Savings goods Non M3 Components of L Short-tarm Bankars traasury accaotancaa* sacuritiaa* Consonants of Dtbt CommarciaJ papaf* FsdaraJ daot* NonFsdsraJ* dsbt 69.9 70.2 70.4 214.1 217.9 216.7 40.9 43.1 43.8 123.7 123.9 123.5 1099.9 1116.1 1134.0 3857.4 3684.1 3914.4 70.7 71.0 71.3 216.4 215.7 222.8 43.0 43.4 44.8 124.8 128.0 132.9 1147.6 1158.0 1170.2 3947.8 3980.9 4027.5 71.6 71.8 72.1 230.2 239.6 253.1 43.8 42.3 42.2 135.8 137.7 141.2 1189.8 1210.7 1223.6 4064.4 4091.0 4129.3 72.3 72.6 72.6 246.2 240.8 249.0 42.6 44.9 46.4 147.1 153.6 160.3 1235.9 1248.7 4173.3 4222.3 4273.0 1255.8 •E1K ENDING: 1984-JQLY 2 9 16 23 AUG. 1/ 2/ 3/ 4/ 5/ 6/ TERH BPS ABB THOSE KITH OBIGIMAi HITOfilTIBS GBBATEB TRAM ONE DAT, EXCLUDING CONTINUING CONTBACTS ABO BBTAIL BPS. TBBH EUBODOLLABS ABB THOSE HITfl OBIGINAL HATUBITIBS GBEATBfi THAN ONE DAI. CONSISTS OP THOSE ISSUED TO U.S. BESIDENTS BI POBEIGN BBANCHES OP U.S. BANKS VOBLDHIDE AND BT ALL BANKING OPPICBS IN THE ONITED KINGDOB AND CANADA. EXCLUDES THOSE HELD BT DEPOSITOBT INSTITUTIONS AND HOMEI HABKET HUTUAL PONDS. CONSISTS OP U.S. TBEASUBY BILLS AND COUPONS WITH BEflAINING HATUBITIBS OP LESS THAN 12 HONTHS HELD BT OIBBB THAN DEPOSITOBI INSTITUTIONS, PEDEBAL BESEBfE BANKS, HONEY HABKBT HUTUAL PUNDS, AND POBEIGN ENTITIES. NET OPfiANKEfiSACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL BBSBBfE BANKS, POBEIGN OFFICIAL INSTITUTIONS, THE PEDEBAL HOHE LOAN BANK SYSTEM AND HONEY HABKET BOTUAL FUNDS. TOTAL COHHEBCIAL PAPEB LESS COHHBBCIAL PAPEB HELD BY HONEY HABKET HUTUAL FUNDS. DEBT DATA ABB ON A BONTHLY AVBBAGE BASIS, DEBIFED DI AVERAGING BND-OF-HQNTH LEVELS OP ADJACENT HONTHS, AND HAVE BEEN ADJUSTED TO BEHOVE DISCONTINUITIES. H 6(508) Tabled MEMORANDUM ITEMS Billions of dollars, not seasonally adjusted Demand deposits at banks due to Dais foreign commercial banks foreign official Institutions Time and savings deposits due to foreign commercial banks and foreign official Institutions 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 IRA and Keogh Accounts time and savings deposits at commercial banks commercial banks thrift Institutions money merket mutual funds total 8.2 7.9 8.1 2.0 2.0 2.0 7.3 7.3 7.3 2.8 2.4 3.2 4.2 3.5 7.4 19.1 14.0 14.8 26.0 19.9 25.3 0.8 0.8 0.8 27.5 28.0 28.5 36.0 36.7 37.6 5.0 5.1 5.0 68.4 69.8 71.1 8.0 8.4 8.2 1.9 2.0 2.0 7.1 7.2 7.1 2.7 2.7 3.0 7.1 2.9 3.6 22.0 •Of. DEC. 4.7 7.8 31.8 10.4 14.4 0.8 0.7 0.7 28.9 29.5 30.1 37.8 38.3 39.5 5.1 5.1 5.0 71.8 72.9 74.6 1984-JAI. FEB. flit. 8.3 8.5 8.1 11.8 7.0 6.8 6.9 3.1 3.1 3.0 4.7 4.5 4.0 16.5 19.2 14.5 24.2 26.8 21.5 0.9 0.9 0.9 31.0 32.7 34.7 41.0 42.8 44.6 5.2 5.5 5.7 77.2 81.0 85.0 API. 1.7 1.9 1.8 7.2 7.« 7.5 4.2 3.8 8.5 24.0 17.0 16.1 0.9 0.9 0.8 38.3 39.$ 40.1 47.6 49.2 50.0 6.1 6.3 7.5 3.8 2.7 3.9 12.7 10.0 JO IB 8.0 8.2 8.1 6.3« 92.0 95.0 96. 3« JOLT 8.2 1.8 7.2 2.8 4.0 9.0 15.8 0.8 40.6 50.3 6.3« 97. 2e 8.3 8.6 8.0 8.0 8.3 1.8 2.0 11.8 1.7 1.9 7.7 7.3 7.2 7.1 7.2 2.7 3.4 2.9 2.5 2.4 3.9 4.5 3.4 4.0 4.2 11.6 18.2 10.8 15.3 17.3 19.2 0.8 0.8 0.8 0.8 0.8 8.2 8.0 11.6 7.3 7.5 7.5 4.2 2.3 3.0 3.9 3.1 17.6 11. 1 12.9 0.8 0.8 0.8 1983-JOLT AOG. SEPT. OCT. HAT 1.9 1.9 •BBK E i D U G : 1984 JOLT 2 9 16 23 30 AOG. 6 13 P 20 P * estisated 8.2 1.7 1.8 3.3 2.9 9.0 10.8 12.6 9.4 5.7 6.5