Full text of H.6 Money Stock Measures : August 8, 1985

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FEDERAL RESERVE statistical release
H.6 (506)
Table 1

AUGUST

MONEY STOCK, LlUUID ASSETS, AND DEBT MEASURES

8 , 1985

Billions of dollars
M1
Sum of currency.
travelers checks,
demand deposits and
other checkable deoosits1

Date

M2
M1 plus overnight RPs
and Eurodollars,
MMMF balances (gen. pur.
and broker/dealer), MMDAs,
and savings and small
time deposits1

M3
M2 plus
large time deposits,
term RPs, term Eurodollars
and institution-only
MMMF balances9

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors5

Seasonally adjusted

1984--J0NE
JULY
AOG.
SEPT.
OCT.
NOV.
DEC,

547.3
546.9
548.9
551.5
548.3
553.8
558.5

2269.3
2280.2
2292.8
2308.4
2319.3
2346.3
2371.7

2838.8
2862.0
2878.8
2901.0
2925.1
2959.9
2995.1

3359.7
3394.9
3421.6
3452.1
3473.5
3501.9
3539.5

5571.0
5631.1
5690.3
5742. 1
5802.4
5878.0
5953.2

1985—JAN.
FEB.
HAS.
APF.

562.7
569.4
572.1
575.0
581.6
591.2

2398.9
2421.0
2429.3
2427.3
2444.7
2473.1

3020.6
3041.0
3055. 6
3056.2
3075.9
3103.5

3562.0
3593.4
3621.4
3624.2

6019.2
6074.7
6129.6
6191.4
6251.9

HAT

JOVE

Not seasonally adjusted

1984—JUNE
JOLT
AOG.
SEPT.
OCT.
NOV.
DEC.

547.9
549.9
545.0
548.5
548.2
555.9
570.4

2272.3
2285.7
2287.7
2298.8
2316.6
2344.4
2376.7

2840.3
2863.6
2874.8
2890.9
2920.6
2960.4
3002.2

3361.9
3395.7
3414.8
3441.6
3469.1
3502.2
3541.0

5547.6
5609.6
5672. 1
5729.8
5791.9
5866. 1
5947.3

1 9 3 5 — JAW.

568.3
558.6
564.9
581.6
576.2
592.3

2404.2
2414.5
2429.6
2439.2
2440.7
2476.9

3024.3
3034.3
3057.3
3068.1
3073.8
3106.2

3566.8
3589.9
3627.7
3636.4

6011.0
6052.8
6100.8
6160.9
6223. 1

FEE.
UAH.
APB.
HAT
JOKE

M1
For period ended

1985-JDME

13-week average

Seasonally adjusted
4-week average

24

576.8
578.3
579.8
581.3

582.8
586.1
587.9
569.7

586.0
591.0
589.6
592.2

574.9
577.3
579.6
581.7

577.3
582.7
587.1
591.0

584.6
599.0
595.6
584.6

1
8
15
22 P
29 P

582.9
584.6
586.0
587.5
589.1

592.2
593.6
594.2
595.0
595.1

596.1
596.6
591.7
595.4
596.7

583.6
585.5
586.6
587.4
588.9

593.0
595.9
597.8
600.4
598.9

592.9
610.3
603.5
594,9
586.7

3

10
17
JULY

MOTE:

Not seasonally adjusted
week average

13-week average

4—week average

week average

SPECIAL CAUTION SHO0LD BE TAKEN III INTEBPBETIIG 1BEK-TO-BEEK CHAIGES I I HOHFT SUPPLY DATA, iHICB ABE
HIGHLY VOLATILE AMD SUBJECT TO B E f l S I O I .
P ~ W D I C A T E S PBELIHINABY DATA.
FOOTNOTES APPEAB ON THE FOLLOIING PAGE




H 6 (508)
Table 2

MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES
Percent change at seasonally adjusted annual rates
Ml
1985

13.4

3 MONTHS PfiOH MAR.

1 9 8 5 TO JUNE

6 MOUTHS FROM DEC.

1 9 8 4 TO JOKE ? 3 8 5

1U7

12 MOUTHS FROM JQIE

1 9 8 4 TO JUNE 1 9 8 5

8.0

M2

M3

Debt1

6.3

1L7

8.6

7.2

12.1

9.0

9.3

11.3

1.2

THIRTEEN KEEKS ENDING JULY 2 9 , 1985
FEOB THIRTEEN ISBKS ENDING:

1/

1/

2/

3/

4/
5/




APR.

29,

1985

( 1 3 WEEKS PBBVIOUS)

12.0

JAM.

28,

1985

( 2 6 WEEKS PREVIOUS)

11.2

JULY

30,

1984

( 5 2 iSBKS PREVIOUS)

8.0

GBOITH SATES FOB DEBT ABE BASED 01 PERIODS B2GI&WING AID EMDIVG ONE SOUTH BARLI21 THAN fOB TQ2 MONETARY AGGNBCATBS,
NAMELY, FEBRUARY 1985 TO HAT ^985, NOVEMBER 1984 TO HAY 1985, AMD HAY 1984 TO 2SAY 1985, ftSSPBCTIVELY.
FOOTNOTES TO TABLE 1
CONSISTS OF (1) COBBEMCY OOTSIDE THE TREASURY, 7EDBRAL BBSBBYE BANKS, AMD THE VAULTS OF COHHBBCIAL BANKS;
(2) TBAVELEBS CHECKS OF NONBANK ISSUERS; £3) DBHAND DEPOSITS AT ALL COMMERCIAL BANKS OTHES TflAN THOSE DOB TO
DOHESTIC BANKS, THE 0. S. GOVEHNNEIT, AND TOREICM BACKS kllD OFFICIAL INSTITUTIONS LESS CASH ITEHS IN TUB PBOCBSS
Of COLLECTION ASD FSDEBAL BESEBYB FLOAT; AND {-':> OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NBGOTIABLB OBDEB
OF HITHDBAVAL (NOB) AND AOTOHATIC TBANSFEB SERVICE (ATS) ACCOUNTS AT DEPOSITOBY INSTITUTIONS,
CREDIT ONION SHABE DBAFT ACCOORTS AND DEHAMD DEPOSITS AT THBIFT INSTITUTIONS. THE CUBBBNCY AND DEHAMD
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AHOCST GF VAULT CASH AND DEHAMD DEPOSITS, RESPECTIVELY, HELD BY
THBIFT INSTITUTIONS TO SEHYICE THEIB OCD LIABILITIES.
CONSISTS OF S1 PLUS OYEBNIGHT (AND CONTINUING CONTBACT) BPS ISSUED BY ALL COMMERCIAL BANKS AMD OfBBMIGHT BOBODOLLABS
ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE, HHDAS, SAVINGS AMP SHALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL 3PS—IN AHOUMTS OF LESS TBAM $100,000), A8D BALANCES IN BOTH
TAXABLE AMD TAX-EXEMPT GENERAL PUEPOSE AMD BBOKER/DEALBB HONEY HABKBT MUTUAL FUNDS. EXCLUDES IRA AMD KBOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND HONBY MARKET F3SDS. ALSO EXCLUDES ALL BALANCES HELD BY 0. S. COMMERCIAL
BANKS, HONEY MARKET FUNDS (GENERAL PURPOSE AND BROKER/DEAL£3)„ FOREIGN GOVBRNSEBTS AMD COMMERCIAL BAMKS, AMP
THE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE BSTIHATBD AMOUNT
OF DEMAND DEPOSITS AND fAULT CASH HELD BY THRIFT IMSTITUSIOMS TO SERVICE T3EIR TIHB AMD SAVIBGS DEPOSITS.
CONSISTS OF M2 PLUS LARGE DENOMINATION TIME DEPOSITS (IK AHOONTS 07 $100,000 OR MORE) AMD TERM RP LIABILITIES ISSUED
BY COHMEBCIAL BANKS AND THRIFT INSTITUTIONS, TER3 EUHODOJJ.ABS HELD 3Y U.S. BSSIDB»TS AT FOREIGN BBAMCHBS OF U.S. BAMKS
WOBLDNIDE AMD AT ALL BASKING OFFICES IN THE UNITED KINGDOM AMD CANADA, AHD BALANCES IN BOTH TAXABLE AMD TAX-EXEMPT
INSTITUTION-ONLY MONEY MABKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BY DEPOSITOBY INSTITUTIONS, THE U.S. GOVERNMENT, MONEY
MARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS* ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT BBPBBSBMTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AMD EURODOLLARS HELD BY INSTITUTION-ONLY HQ*BY HABKET MOTUAL FUNDS.
CONSISTS OF H3 PLUS THE NOKBAMK PUBLIC HOLDINGS OF 0, S. S37I1GS BOMBS, SBOBT-T159 TRBAS3SY S9C0RITIBS, C0M4BRCIAL
PAPER AMD BANKERS ACCEPTANCES, NET OF KQNBY MARK2T 33TUAL ?UND HOLDINGS OF THESE ASSETS.
DEBT OF DOHESTIC MONFINANCIAL SECTORS CONSISTS OF OtfTSTANDING CREDIT HARCET DEBT OF THE 8SITBD STATES GOVBRMMBNT,
STATE AND LOCAL GOVERNMENTS AMD PRIVATE NOKFINArCIM, SECTORS. PRIVATE C3RT CONSISTS OF ClftPOBATB 1OMDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BA3K LOAfeS, COH«ERCI*,)L PAP3S, BANKERS ACCEPTANCES AMD OTHER DBBT
INSTRUMENTS. THE DATA ARE DERIVED PROM THE FEDERAL RESERVE BOARD«S FLOW OF FUNDS ACCOONTSo ALL DATA ON DEBT OF DOMBSTIC
NOMFINANCIAL SECTORS ARE PRBSESTSD IH HO»TH-AVERAGE FORK, DERIVED BY AVERAGING HOMTH-EMD LEVELS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT HAY ARISE IN THE UNDERLYING FLOW OF FUNDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FROH THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED IN
IN THE FEDERAL RESEBVE RELEASES 2.7 AND Z. 1o IN THOSE RELEASES, PUBLISHED LEVELS OF CBEDIT H&3KBT DBBT ARE HBASUBED OH A
A QUARTER-END BASIS AND INCLUDE DISCONTINUITIES.

H 6 (508)

COMPONENTS Of THE MONEY STOCK
•

lilt.

^ J

- * _ * ! -

-—

^ . _ ^.^.^.^.^.Ifc-.

A j

^l

A^

^

viiiions 01 ooiiare, Muonmvy oOfusfM

Data

Cunancy*

TWWMWS

chacfca*

Demand
tfapoaltt'

Ottiar
cnacfcabto
daooattt4

Nootfan Mcttona
oompc #*9.ita

toM3
toM2*

«V

at
:

154.3

5.1

248.9

139.0

1722.0

569.4

tanks
128.7

JULY
AUG.
SEPT.

155.0
155.9
156.8

5.2
5.2
5.1

247.3
246.8
247.5

139.4
141,0
142.2

1733.3
1744.0
1756.9

581.8
586.0
592.6

OCT.
NOT.
DEC.

157. 1
157.9
158.7

5.0
5.1
5.2

244.5
246.8
248.6

141.8
143.9
146.0

1771.0
1792.5
1813.3

1985-JAN.
PEB.
HAS.

159.4
160.5
161.3

5.3
5.3
5.4

249.1
251.7
251.9

149.0
151.8
153.6

APS.
HAT
JUNE

161.7
163.1
164.5

5.5
5.5
5.7

252.5
255.8
260.7

155.3
157.3
160.3

1984-JUMB

•rtnoadapoatt
at
lt*flH
kittltutlona

8MMUltima

at
total

1

tfapoirftt

at

at
ifwirf

tatal

banfca

Lama tkna data* • *
I
at

OOflMINNCial I
tflflrt
sanm
i maiwiwiiona

total

172,1

300.8

371.0

463. d

834. g

249.4

1 JO. 1

J79. 5

128.1
127.0
126.1

171.0
169*5
168.5

299.1
296.5
294.6

374.7
378.8
381.7

468.9
476.2
482.8

843.6
855.0
864.5

254.6
255.0
258.0

134.6
137.6
138.0

389.3
392.6
396.0

605.8
613.7
623.3

124.9
123.8
; 122.6

16^.7
166.9
166.0

292.6
290.7
288.6

383.1
384.5
387.0

489.6
494.0
498.6

872.7
878.5
885.6

263.2
263.6
264.4

141.9
147.1
•51.8

405.2
410.7
416.2

1836.2
1*51.6
1357.1

621.7
620.0
626.3

121.6
121.4
120.3

m.9
168.0
168.4

288.6
289*4
288.6

384.7
382.0
382.8

497.2
495.6
495.8

861.9
877.6
878.6

262.3
264.4
269.5

154.6
154.9
154.2

416.9
419.3
423.7

?352.4
1863.0
1881.9

628.9
631.2
630.4

119.6
120.4
12^.9

166.3
1*8.9
170.2

287.8
289.3
292.0

387.6
390.0
390.8

497.6
502.1
503.9

885.3
892.0
894.7

273.0
272.1
267.8

154.4
156.1
156.4

427.4
428.3
424.2

MEEK ENDING
1985
JUNE

JULY

1/

3
10
17
24

163.5
164.3
164.5
164.8

258.4
261.2
259.7
261.1

158.6
159.9
159.7
160.5

121.0
121.8
122.0
122.0

390.4
390.2
390.7
391.2

269.4
267.8
268.9
267.8

1
6
15
22 P
29 P

165.0
165.2
164.8
165.4
165.9

263.4
262.3
259.0
260.6
260.4

161.9
163.4
162.2
163.7
164.7

122.3
123.1
123.1
123.3
123.3

391.2
389.0
388.8
388.5
388.1

265.4
265.8
266.1
266.8
266.1

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND VADI'/S OF COBHEBCIAL BANKS. EXCLUDES THE ESTIMATED
AfiOUNT OF 7A0LT CASH BE1D BY THRIFT INSTITUTIONS TO SERVICE THEIR CCO LIABILITIES.
OUTSTANDING AHOUNT OF 0.S. DCLLAR-DENOfllNATED TRAVELERS CHECKS OF NONBAiK ISSUERS. TfiATBLBHS CHECKS ISSOED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEHAND DEPOSITS.
3/ DEMAND DEPOSITS AT COHHERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAI THOSE DOB TO DOHESTIC BANKS, THE U.S. GOVBBBHENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITBBS IB THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT.
EICLUDES THE ESTIMATED AHOONT OF DEHAND DEPOSITS HELD AT CORHERCIAL BANKS BY THRIFT INSTITUTIONS 10 SBRflCB TBEIB OCD
LIABILITIES.
4/ CONSISTS OF NOH AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT ONION SHARE DRAFT BALANCES AND
DEHAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASOBALLY ADJOSTED EQUALS THE DIFFERENCE BETIEEN THE
SEASONALLY ADJOSTED SUB OF DEHAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDED ABE ALL CEILING
FREE "SUPER HOWS," AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEREGULATION COHHITTEB TO CE OFFERED BEGINNING JANOABY 5,
1983.
5/ SUB OF OVERNIGHT BPS AND OVEBNIGHT EURODOLLARS, HONEY HABKET FOND BALANCES (GENERAL PURPOSE ABD BBOKEB/DBALEB),
HHDAS, AND SAVINGS AND SHALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJOSTBENT THAT BEPRESENTS THE ES1IRATBD ABOUNT OF
DEHAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE TBEIB TIHE £BD SAVINGS DEPOSITS LIABILITIES.
6/ SUH OF LARGE TIHE DEPOSITS, TERM RPS AND TERR EURODOLLARS OF 0.S. RESIDENTS, HONBl RARKBT FUBD BALANCES (INSTITUTIONONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIBATED ABCUNT OF OVERNIGHT RPS ABD EURODOLLARS HELD BY
INSTITUTION-ONLY HCNEY BARKET FUNDS.
7/ SAVINGS DEPOSITS SICLUDE HHDAS.
8/ SHALL DENOMINATION TIHE DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUID IN AMOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SHALL
TIME DEPOSITS.
9/ LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF 1100,000 OR HORE, EXCLUDING THOSB BOOKED AT
INTERNATIONAL BANKING FACILITIES.
10/ LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY HONEY MARKET HUTOAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.
2/




H6(508)
Table 4

COMPONENTS OF LIQUID ASSETS AND DEBT
Billions of dollars, seasonally adjusted
Non-M3 components J ^ _
short-term treasury
bankers acceptances^
securities'

1/
2/
3/
4/

commercial paper'

Debt components4
federal debt
non-federal debt

46. 5
47. 7

152. 0
155. 5

1251.9
1261.3

4263.8
4309.6

48. 2
47. 8
46. 8

159. 4
160. 5
157. 2

1277.9
1299.0
1311. 1

4353.2
4391.3
4431.0

44.8
42. 5
41. 3

156* 7
157. 6
161* 8

1325.2
1347.2
1367.0

4477.3
4530.8
4586.2

40. 8
42. 5
44. 3

159. 6
164.8
169, .8

1385.3
1401.0
1413.5

4633.9
4673.6
4716.2

44.0

168.9

1429.0
1446.6

4762.4
4805.3

CONSISTS OF O . S . TBEASOBY BILLS AND COUPONS WITH BE MA I MUG MATURITIES OF LESS THAN 12 SOUTHS HELD BY CTBJBB TflAH OBPOSITOBT
INSTITUTIONS, FEDEBAL BESBBVB BANKS, HONEY MABKBT BOTUAL FQHDS ADO FOUBIGN ENTITIES.
NET OF BANKEBS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDEBAL BBSEBfE BANKS, F0BE16I OFFICIAL INSTITUTIONS, THE FBDEBAL
HOME LOAN BANK SISTER AND HONEY HABKBT H0TUAL FUNDS.
TOTAL COfiflERCIAL PAPEB LESS COHBEHCIAL PAPEB HELD BY HONEY HABKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVEHAGZ BASIS. D£BI?ED BY AVEBAGIMG EMD-OF-HOkTH LEVELS OF ADJACENT MONTHS, AND HA¥E BEEN
ADJUSTED TO BBHOVE DISCOBTINUITIES.




H 6 (508)
Table 5

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

Othp r checkable deposits
Travelers

Date

1

Currency

checks

2

Demand
deposits3

at corr-mercial
banks4

at thrift
institutions9

total

in M2

e

7

in M3 only

Overnight
RPs'

Overnight
Eurodollars9

General
purpose and
broker/dealer
money market
funds

154.9

5.4

247.8

101.7

38. 1

139.8

1724.3

568.0

H3.3

12.6

148.9

JULY
AUG.
SEPT.

156.3
156.5
156.5

5.8
5.7
5.4

248.4
243.8
246. 1

101.0
100.7
101.7

38.4
38.2
38.8

139.4
138.9
140.5

1735.8
1742.7
1750.3

578.0
587.1
592.1

«2.7
45.0
44.1

13.6
13.5
12.6

150.5
150.6
152.1

OCT.
NOV.
DEC.

156.7
158.7
160.9

5.0
4.8
4.9

245.8
248.9
257.4

101.5
103. 1
105.9

39.3
HO. 4
41.3

140.8
143.4
147.2

1768.4
1788.5
1806.3

604.0
616.0
625.5

44.7
47.9
45.2

12.1
10.1
12.4

155.6
162.0
167.5

1985-JAN.
FEE.
MAR.

158.3
158.6
159.8

4.9
5.0
5. 1

254.9
244.9
246.3

108.3
107.8
109.9

41.8
42.3
43.8

150.1
150.1
153.6

1835.9
1855.9
1864.7

620.1
619.8
627.7

48.7
56.3
55.7

14.2
13.3
12.1

171.9
175. 1
177.6

APR.
NAY
JUNE

161.2
163.2
165.2

5.2
5.4
6.0

255.1
251.4
259.8

114.1
110.5
113.8

46. 1
45.7
«7.5

160.1
156.2
161.3

1857.6
1864.5
1884.6

628.9
633.1
629.4

47.4
51.3
50.3

11.7
12.4
12.4

176.2
172.2
175.4

1984-JONE

UEEK

ENDING:

1985-JUNE

JULY

1/
2/
3/
4/

5/

6/
7/
8/
9/

3
10
17
24

163.4
166. 1
165.3
164.6

257.1
262.9
261.7
254.9

112.0
115.8
114.9
112.3

46.5
48.5
47.7
46.7

158.5
164.2
162.6
159.0

57.9
48.9
50.3
49.9

12.4
12.3
11.7
12.7

172.8
174. 1
175.5
177.2

1
8
15
22 P
29 P

165.0
168.6
167. 1
166.6
165.7

261.6
268.5
265.4
259.3
254.1

112.6
117.0
115.8
114.3
113.1

47. 1
49.8
48. 8
48.2
47.2

159.8
166.8
164.6
162.5
160.3

48.4
44.9
51.6
51.6
52.1

13.1
9.6
12.4
12.3
14.0

176.1
174.7
176.9
176.2
174.7

...._
_ J
....
... ....
._.!
_.....
CURRENCY O0TSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AMD TBE TA0LTS OP COMMERCIAL BANKS.
EXCLUDES THE ESTINATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF RONBANK 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. GOVERNBENT AND fOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.B. PLGiT, LESS THE ESTIMATED AflOUNT 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 FOREIGI BANKS, AID EDGE ACT
CORPORATIONS. INCLUDES SUPER NOHS OP $40.6 BILLION IN THE WEEK ENDED JULY 15, $40.5 BILLION IN THE I2BK ENDED JULY 2 2 ,
AND 540.2 BILLION IN THE HEEK ENDED JULY 29.
CONSISTS OF NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND HOTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEBAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOHS OP $17.1 BILLION IN THE HEEK ENDED JULY 15, S17.0
BILLIOK IN THE HEEK ENDED JULY
22, AND $16.8 BILLION IN THE NBEK ENDED JULY 29.
SUH OF OVERNIGHT RPS AND EURODOLLARS, HONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BBOKJH/DEAL1R), HMDAS AND SAVINGS
AND SHALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS ANC VAULT CASH HELD BY THRIFT INSTITUTIONS TC SERVICE
THEIR TIflE AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM BPS AND EURODOLLARS OF U*S. RESIDENTS, HONEY MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD EY INSTITUTION-ONLY
HONEY MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CCRTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
HONPY MARKET MUTUAL FUNDS |GENERAL PURPOSE AND BROKER/DEALER).
ISSUED PY FOREIGN PRANCHES OF U.S. RANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS <GENFRAL PlIF POSE ANN RROK RR/DEALFR) .




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
total
thrift
commercial
institutions
banks

•

•

at
commercial
banks

savings deposits .—
r
at"
thrift
institutions

j

... ...

,

Small denomination time deposits7^
- at""
"
commercial
thrift
total
banks
institutions

" " • "

total

a t

JLar g e d e n o m in a tlon time deposits3
"at
at
thrift
commercial
total
institutions
banks'

245.9

151.9

397.8

130.0

174.4

304.4

367.1

457.2

824.4

248.5

129.7

378.2

JULY
AUG.
SEPT.

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

366.2
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.
MAR.

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
423.1

APB.
MAT
JUNE

295.9
298.3
307.3

164.5
165.6
167.8

460.4
463.9
475.2

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
497.2

879.4
880.8
883.6

270.5
270*0
267.3

153.4
156.1
156.0

423.9
426.1
423.3

1984-JUNE

MEEK ENDING
1985
JUNE

JULY

1/
2/

3/
4/

3
10
17
24

303.1
306. 1
307.8
308.0

1
8
15
22 P
29 P

309.3
311.2
312.7
313.3
314,3

i

122.4
123.3
123.3
123.1

385.9
386. 1
386.5
386.6

269.1
268.5
267.9
266.4

123.5
124.6
124.5
124.4
124.0

386.8
387.1
386.7
386.4
386.1

265.3
264.3
264.3
265.8
266.5

SAVINGS DEPOSITS EXCLUDE NHDAS.
SHALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL EPS — ABE IHOSE ISSUED IB AMOUNTS OP LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BA1KS AND THRIFTS ABE SUBTRACTED FROM SMALL
TIME DEPOSITS.
LAPGE DENOMINATION TIME DEPOSITS ABE THOSE ISSUED IN ANOUBTf, OF $100,000 OB MORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOMINATION TINE DFPOSITS AT COMMERCIAL BANKS LKSS THOSE HELD BY HONEY MARKET MUTUAL FUNDS, DEPOSITORY
INSTITUTIONS AND FOREIGN BANKS AND O F F T T A T 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
paper8

Federal debt4

Non-Federal6
debt

• 5.7

29.2

30.0

59.2

89.3

72.8

243.2

47.2

158.3

1255.8

4291.8

JULY
AUG.
SEPT.

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
66.5
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

4338.8
4 376.3
4419.3

OCT.
NO?.
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
63.2

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

4469.0
4523. 1
4582.5

1985-JAN.
FEE.
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

268.5
273.8
284. 1

42.0
42.7
43.2

157.3
164.2
167.7

1383.1
1397.4
1412.0

4627.9
4655.4
4688.8

APR.
HAT
JUNE

59.6
63.5
67.1

35.2
33,4
33. 1

36.8
35.4
34.0

71.9
68.8
67.1

80.6
80.9
78.4

75.6

282.7

42.6

169.3

1427.1
1443.8

4733.8
4779.4

3
10
17
24

65.8
65.5
67.0
69.2

33.6
33.3
32.7
33.4

1
8
15
22 P
29 P

67.3
64.7
64.8
65.5
64.3

32.6
33. 1
31.3
29.5
29.8

1984-JUNE

WEEK E N D I N G :

1985-JUNE

JULY

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

TERM RPS ABE THOSE ilTH ORIGINAL MATURITIES GREATER THAN ONE DAT, EXCLUDING CONTINUING CONTRACTS AND BBTAIL RPS. INCLUDES
A RELATIVELY SHALL AMOUNT OF OVERNIGHT RPS AT THRIPT INSTITUTIONS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAT. CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS BT
FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE AND BT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEY MARKET MUTUAL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AMD COUPONS HITH REMAINING HATOBITIES OP LESS THAN 12 MONTHS HELD BI CTHER THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, MONET MARKET MUTUAL FUNDS, AND FOREIGN ENTITIES.
NET OP BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOHE LOAN BANK SYSTEM AND HONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY HARKE1 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 BEHOVE DISCONTINUITIES.




H 6 (508)
Table 6

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

Date

foreign
commercial
banks

foreign
official

institutions

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

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
market
mutual funds

total

8.6

2.0

8.4

3.9

3.8

8.5

16.2

0.9

40.0

53.9

6.2

100.0

JOLT
AUG.
SEPT,

8.7
8.*
8.4

2.0
1.9
2.0

8.4
9.0
9.4

2.8
2.9
3.4

4.0
3.6
6.0

9.0
7.5
14.1

15.8
13.9
23.6

0.9
0.9
1.0

40.6
41.3
41.9

54.7
55.1
55.9

6.2
6.2
6.2

101.5
102.7
104.0

OCT.
NOT.
DEC.

8.5
8.8
8.6

1.8
2.1
2.0

9.2
9.4
9.6

2.7
2.8
3.4

4.0
3.2
3.4

8.4
7.5
9.1

15.1
13.6
16.0

I.O
1.1
1.0

42.6
43.2
43.8

56.9
57.7
59.0

6.2
6.5
6.9

105.7
107.3
109.7

1985-JAW.
FEB.
HAP.

8.5
8.3
7.5

1.9
2.1
1.8

9.2
8.9
8.7

3.7
3. 1
3.6

4.0
4.3
3.8

14.9
12.7
9.2

22.5
20.1
16.6

l.t
1.1
1.0

45.3
47.0
48.8

61.4
63.1
65.4

7.4
7.7
7.9

114.0
117.9
122. 1

APR.
HAT
JUME

7.6
7.8
7.8

1.9
2.1
1.9

8.5
8.4
8.3

3.9
3.1
3.4

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

69.2
70. 5e
71.4e

8.6
8.6
8.5e

131.2
134.2e
135. 8e

3
10
17
24

7.6
8.2
7.4
7.7

1.9
1.8
2.2
1.9

8.3
8.4
8.3
8.3

2.8
3.0
4.7
3.5

2.7
2.3
2.0
3.7

9.8
5.4
4.7
17.3

15.2
10.8
11.3
24.5

1.0
1.0
1.0

1
8
15
22 P
29 P

7.9
7.3
8.1
8.3
7.7

1.8
1.9
1.9
1.8
1.7

8.3
8.2
8*3
8.3
8.3

2.9
4.2
2.8
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

1.0
1.0
1.0
1.0
1.0

1984-JUNE

WEEK EIDIMG:
1985
JUNE

JULY




estimated