Full text of H.6 Money Stock Measures : December 14, 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
Date

DECEMBER 14,1995

M11

M22

M33

L4

DEBT5

Seasonally adjusted
1993-DEC.

1128.6

3583.6

4242.3

5145.7

12514.2

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
3597.5
3605.2
3607.8
3604.3
3616.8
3615.0
3614.1
3610.2
3611.9
3616.9

4245.7
4231.7
4240.3
4250.2
4250.3
4255.1
4274.2
4273.7
4279.9
4286.3
4291.9
4303.9

5157.4
5160.4
5171.6
5180.1
5195.0
5190.8
5217.0
5226.5
5224.6
5237.4
5248.5
5269.7

12553.6
12603.2
12672.6
12734.9
12799.2
12841.6
12862.1
12924.1
12984.3
13034.5
13108.9
13150.8

1995-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV. p

1149.0
1147.3
1147.9
1149.7
1143.0
1143.9
1144.9
1143.4
1139.7
1129.8
1126.6

3628.9
3624.7
3632.4
3645.6
3662.3
3698.6
3717.8
3743.5
3757.3
3754.3
3763.5

4326.9
4336.7
4359.9
4382.8
4412.2
4459.4
4490.5
4519.2
4534.4
4546.1
4551.8

5295.1
5335.0
5378.1
5405.3
5433.8
5471.4
5524.1
5560.1
5600.7 p

13198.7
13275.3
13336.5
13413.4
13514.9
13574.9
13609.0
13653.3
13688.5
13731.8 p

Not seasonally adjusted
1993-DEC.

1153.7

3606.1

4266.1

5180.2

12507.1

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
3596.2
3622.4
3595.0
3599.4
3615.6
3607.5
3603.6
3607.2
3620.2
3640.5

4254.7
4221.6
4237.9
4263.6
4239.4
4248.7
4267.9
4267.2
4267.5
4281.4
4306.2
4330.0

5178.9
5153.3
5172.0
5192.0
5174.7
5179.3
5204.5
5215.1
5205.2
5228.5
5270.6
5307.3

12547.7
12581.2
12641.2
12684.1
12730.3
12786.1
12812.6
12872.5
12943.0
12998.4
13082.6
13143.4

1995-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV. p

1158.6
1134.3
1138.1
1158.7
1132.1
1139.3
1143.9
1137 . 0
1135.7
1129.4
1135.0

3635.4
3610.9
3630.4
3662.0
3649.9
3694.1
3717.2
3736.6
3747.1
3751.4
3772.5

4336.5
4325.4
4355.8
4394.5
4402.0
4453.0
4483.7
4512.9
4521.9
4541.4
4568.2

5317.8
5326.8
5377.3
5415.4
5413.2
5459.8
5510.5
5549.1
5579.4 p

13175.0
13227.0
13296.0
13352.0
13425.3
13507.8
13551.5
13589.6
13641.4
13690.5 p

Footnotes appear on the following page
p

preliminary




Page 2
H.6(508)
Table 2

MONEY STOCK AND DEBT MEASURES
M1

M2

M3

DEBT1

3 Months

f r o m AUG.

1 9 9 5 TO NOV.

1995

-5.9

2.1

2.9

3.6

6 Months

f r o m MAY

1995 t o

NOV.

1995

-2.9

5.5

6.3

4.7

1 9 9 4 TO NOV.

19 95

-1.8

4.2

6.1

5.3

f r o m NOV.

T h i r t e e n w e e k s e n d i n g DECEMBER
4 , 1995
f r o m t h i r t e e n weeks e n d i n g :
SEP.
4 , 1995 (13 weeks p r e v i o u s )

-4.5

3.8

4.5

12 M o n t h s

1

JUNE

5,

1995

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

-2.7

5.9

7.0

DEC.

5,

1994

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

-1.5

4.1

6.0

Growth rates for debt are based on periods beginning ai
and October 1994 to October 1995, respectively.

as Anril 1 9 9 5 t n O c t o b e r 1 9 9 5 .

Footnotes to Table 1:

'immMmmrnmmmm
levels of credit market debt are measured on a quarter-end basis and contain discontinuities.




H.6 (508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
M1
Period ending

M2

M3

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

1995-SEP.

11
18
25

1143.9
1143.5
1143.1

1143.2
1141.9
1141.2

1142.3
1139.8
1140.6

3728.3
3732 . 7
3736.8

3751.9
3754.5
3757.0

3754.2
3759.6
3760.1

4500.4
4505.8
4511.1

4527.2
4531.1
4533.1

4530.7
4535.0
4535.1

OCT.

2
9
23
30

1142.3
1141.1
1140.3
1139.3
1137.7

1138.7
1135.3
1133.0
1130.2
1129.4

1132.2
1128.4
1130.9
1129.2
1129.0

3740.9
3744.1
3747.5
3750.0
3752.2

3758.2
3757.7
3756.9
3755.3
3754.6

3758.7
3752.4
3756.5
3753.6
3756.0

4516.6
4522.0
4527.0
4530.9
4533.7

4535.8
4538.8
4542.3
4545.8
4547.1

4542.5
4542.5
4549.0
4549.0
4547.9

NOV.

6
13
20
27p

1136.6
1135.0
1133.6
1132.5

1129.6
1127.6
1127.2
1127.0

1129.4
1122.7
1127.5
1128.3

3753.8
3755.1
3756.3
3758.0

3755.7
3755.3
3758.0
3762.3

3756.5
3754.9
3764.5
3773.1

4536.0
4538.7
4541.2
4543.5

4548.1
4547.5
4548.3
4550.7

4546.6
4546.4
4552.3
4557.4

DEC.

4p

1131.0

1125.4

1123.0

3759.4

3766.2

3772.2

4545.7

4553.9

4559.4

16

Not seasonally adjusted
1995-SBP.

11
18
25

1140.2
1140.2
1139.9

1138.5
1139.5
1138.4

1156.3
1139.9
1114.2

3723.6
3728.0
3731.7

3746.2
3749.1
3748.8

3770.7
3752.4
3720.4

4493.1
4498.5
4503.5

4522.6
4526.9
4524.4

4548.6
4528.7
4492.1

OCT.

2
9
23
30

1138.0
1136.2
1135.8
1135.4
1134.0

1133.0
1129.0
1129.2
1130.9
1129.0

1121.6
1140.3
1140.8
1120.8
1114.0

3734.6
3736.8
3740.6
3743.5
3745.4

3745.8
3744.6
3748.6
3753.7
3752.1

3739.5
3766.0
3768.4
3741.0
3732.8

4507.7
4512.8
4518.1
4522.7
4525.8

4520.1
4521.2
4528.1
4539.2
4543.4

4511.0
4552.8
4556.3
4536.7
4527.6

6
13
20
27p

1133.2
1132.6
1132.5
1133.2

1129.6
1128.1
1131.8
1135.3

1142.8
1134.9
1135.3

1128.1

3747.5
3749.6
3752.3
3755.8

3753.1
3753.5
3762.1
3770.6

3770.2
3769.8
3775.7
3766.8

4528.9
4533.1
4537.4
4542.3

4546.2
4549.7
4557.5
4566.9

4564.1
4570.5
4567.8
4565.1

4p

1133.1

1135.0

1141.8

3759.2

3777.1

3796.0

4546.7

4572.3

4585.9

16

NOV.

DEC.

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
Nontransactions components

Other checkable deposits
Currency1

Date

7.

At commercial
banks4

At thrift
institutions5

Total

In M26

In M3 only7

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

2464.6
2464.1
2463.1

657.3
658.7
665.7

OCT.
NOV.
DEC.

350.0
353 . 0
354.5

8.3
8.4
8.4

384.5
382.5
382.2

298.0
297.7
297.6

107.5
106.1
105.3

405.4
403.8
402.9

2462.0
2464.3
2468.9

676.1
679.9
687.0

1995-JAN.
FEB.
MAR.

357 .7
358.8
362.5

8.4
8.4
8.8

383 . 6
384.1
383.3

295.1
291.8
289.3

104.2
104.1
104.0

399.3
395.9
393.3

2479.9
2477.4
2484.5

698.0
712.0
727.5

APR.
MAY
JUNE

365
368
367

9.2
9.2
9.0

381.2
380.6
386.8

289.6
281.9
276.3

103.9
103.1
104.4

393.6
385.0
380.7

2495.9
2519.3
2554.7

737.2
749.9
760.8

JULY
AUG.
SEP.

367.1
368.3
369.1

8.9
8.9

275.7
272.1

266.8

103.7
104.1
105.2

379.4
376.2
372 . 0

2572.8

8.8

389
390
389

2617.6

772.7
775.7
777.2

OCT.
NOV. p

370.5
371.0

8.7
8.9

387 .2
386.9

258.9
255.5

104.5
104.4

363.4
359.8

2624.5
2636.9

791.7
788.3

8.7
8.7

387 . 8
387.1
387 . 0
385.8

257.6

23
30

369.7
370.3
370.7
371.4

259.4
258.5

104.6
104.5
103.4
104.6

362 .2
364.7
362.8
363 . 1

2623.9
2625.6
2624.4
2627.0

790.1
792.5
795.4
791.9

NOV.

6
13
20
27p

370.5
370.5
371.1
371.6

8.8
8.8

387.6
385.0
388 . 4
387.7

257,
254,
255,
255,

105.2
104.0
104.0
104.7

362 . 4
358.4
359.2
360.1

2627.1
2632.2
2637.0
2644.8

790.1
791.5
787.8
784.3

DEC.

4p

371.5

8.9

384.8

252 . 5

105.2

357.8

2649.2

787.3

9

16

4.
5.
6.

Demand deposits3

1994-JULY
AUG.
SEP •

1995-OCT.

1.
2.
3.

Travelers checks2

8.8
8.8

260.1

2600.2

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.
Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
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.
.
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

3.
4.
p

General
purpose and
broker/
dealer
money
market funds

Institution-

nnl\/ mnnov;

Large-denomination time deposits3

commercial
banks

At
thrift
institutions

Total

commercial
banks

At
thrift
institutions

1994-JULY
AUG.
SEP.

7 7 8 , .0
7 7 5 .7
772 ,8

423 .2
417 .0
410 .9

1 2 0 1 , ,2
1192 ,,6
1183 ,,7

4 7 0 , .0
4 7 6 ,. 1
4 8 1 , ,2

306 .6
306 .8
308 .3

7 7 6 . ,5
782. 8
7 8 9 . ,6

376 . 1
377 . 0
377 . 4

178 .7
177 . 4
176 .3

2 7 6 , .4
2 8 0 ,. 1
2 8 5 ,. 1

62 . 0
61. 9
63. 1

338.4
342.0
348.2

OCT.
NOV.
DEC.

7 6 5 , .4
7 5 9 , .2
752 ..3

4 0 5 , .6
3 9 8 , .5
3 9 1 , .9

1 1 7 1 . ,0
1157 .,8
1144. 2

487 ,,8
4 9 4 ,, 1
502 ,,6

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

799. 7
810. 8
820. 9

379 . 5
383 .3
389 . 0

180 . 8
180 . 5
180 . 8

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

64. 2
64. 5
64. 9

353.6
357.4
361.4

1995-JAN.
FEB.
MAR.

7 4 4 ,, 1
7 3 4 , .2
723 ,,3

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

1 1 2 9 , ,8
1 1 1 1 , ,9
1 0 9 4 , ,9

5 1 2 , .7
5 2 4 , .2
537 ,.8

323 ..9
3 3 2 , .3
3 4 1 , ,7

836. 5
856. 5
879. 5

392 . 1
3 9 1 .5
390 . 9

186 .3
180 . 4
189 . 0

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

6 8 c

66c 7
1
70. 1

361.9
371.2
378.6

APR.
MAY
JUNE

7 1 6 , ,0
717 ,. 2
7 2 8 ., 1

3 6 6 . .4
3 6 4 , ,2
363 ,, 0

1 0 8 2 ,. 4
1 0 8 1 ,, 4
1 0 9 1 ., 1

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

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

898. 5
912. 7
919. 7

396 . 0
405 . 4
426 .2

192 .9
1 9 4 , .8
2 0 5 , .6

3 0 9 , ,0
3 1 5 ,, 1
3 1 8 , ,5

71. 2
70. 4
7 0 c 8

380.2
385.5
389.3

JULY
AUG.
SEP.

7 3 0 ,, 7
7 3 9 , ,5
7 4 6 ,, 7

3 6 0 , ,1
3 5 8 , ,6
3 5 8 , ,5

1 0 9 1 . ,4
1 0 9 8 ., 1
1105. 2

567 ,, 1
5 6 9 ,, 7
5 7 0 , .6

3 5 7 , ,4
3 5 8 , ,0
3 5 8 ,, 7

924. 5
927. 7
929. 3

442 . 0
455 . 9
462 . 6

2 1 2 , ,4
2 1 0 ,. 8
213 ,.5

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

72. 6
73. 2
73. 7

396.3
398.4
401.1

OCT.
NOV. p

753 ., 7
7 6 1 . ,3

3 5 8 , ,5
3 5 6 , ,4

1112. 2
1117. 7

5 7 1 , ,3
573 ,,3

3 5 9 , ,5
3 6 0 , ,6

930. 8
933. 9

466 .4
4 7 1 .3

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

3 3 8 ,. 4
3 4 3 ,. 4

74. 8
75, 1

413.2
418.5

757 . 7
754. 4
753. 3
753. 5

358.
358.
358.
358.

6
5
7
2

1116.
1112.
1111.
1111.

2
9
9
7

570. 7
5 7 1 ., 1
571. 5
571. 8

358. 6
359. 2
359. 8
360. 4

929. 3
930. 2
931. 3
932 . 3

4 6 4 ,, 8
4 6 6 , ,2
4 6 7 ,. 2
4 6 7 , ,6

2 1 6 , >5
2 1 6 , ,2
2 1 8 ,, 1
2 1 3 , ,3

336.
338.
339.
339.

9
5
9
4

74. 4
75. 0
75. 0
75. 0

411.3
413.5
414.9
414.5

3
9
4
5

572.
573.
573.
574.

2
3
5
0

360.
360.
360.
360.

5
3
6
6

932. 7
933 . 6
934. 2
934. 6

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

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

342.
343.
344.
342.

5
7
5
6

75.
75.
75.
74.

2
1
1
8

417.7
418.8
419.6
417.4

573. 6

361.

0

934. 5

4 7 3 , ,6

2 1 8 ., 7

344. 3

75.

0

419.3

Week e n d i n c r
1995-OCT.
9
16
23
30

1.
2.

Small-denomination time deposits2

NOV.

6
13
20
27p

758. 0
762. 4
762. 1
760. 5

357. 3
356. 5
356. 4
356. 0

1115.
1118.
1118.
1116.

DEC.

4p

765. 5

355. 8

1121. 3

Total

market f unds

commercial
banks4

At
thrift
institutions

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.
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




Page 6
H.6 (508)
Table 4-continued

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

Debt components4

Non-M3 Components of L

Date
Savings bonds

Short-term Treasury
securities1

Bankers acceptances2

Commercial paper3

Federal debt

Non-Federal debt

1994-JULY
AUG.
SEP.

177.7
178.5
179.1

360.8
365.0
360.5

13.2
13.8
14.8

391.1
395.4
390.2

3420.4
3437.9
3455.3

9441.7
9486.2
9529.0

OCT.
NOV.
DEC.

179.5
179.9
180.3

358.5
361.9
370.2

13.It
13.5
14.0

399.9
401.4
401.3

3470.6
3494.7
3497.6

9563.9
9614.2
9653.1

1995-JAN.
FEB.
MAR.

180.5
180.4
180.5

371.4
389.9
401.9

13.4
13.4
14.1

402 . 8
414.7
421.7

3504.5
3535.2
3556.4

9694.3
9740.1
9780.1

APR.
MAY
JUNE

180.9
181.6
182.3

396,
383,
390,

13.9
12.3
11.3

430.8
443.8
427.5

3558.6
3576.9
3602.6

9854.8
9938.0
9972.2

JULY
AUG.
SEP. p

183.0
183.7
184.1

410.8
410.1
431.4

11.8

428.0
435.0
437.8

3615.5
3621.4
3623.8

9993.5
10031.9
10064.7

3632.6

10099.1

OCT.

12.2
12.9

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

1.




Table 5

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Currency1

Date
1994-JULY
AUG.
SEP.
OCT.
NOV.
DEC.

Travelers
checks2

Demand
deposits3

344,
345,
347,

8.8

349
353
357

8.5
8.2

8.9

8.8

8.1

Nontransactions components

Other checkable deposits
At commercial
banks4

At thrift
institutions5

387.3
383.1
384.7

298.4
297.2
297.4

111.6

387.9
390.8
400.3

Ovemicjht

Overnight
Eurodollars8

652.2
659.7
663.9

80.5

29,

82.2
84.0

28,
28,

2459.9
2464.8
2466.8

674.2
686.0
689.5

83.8
83.4
84.7

30,
30,
32,

405.7
394.1
394.2

2476.8
2476.6
2492.3

701.1
714.4
725.3

87.6

36.3
31.6
30.7

85.8

Total

In M2®

109.0
108.3

410.0
406.2
405.6

2464.7
2463.5
2457.4

294.1
296.0
300.6

107.4
107.1
107.0

401.4
403.1
407.6

388.9
375.0
374.1

301.3
292.3
291.1

104.4
101.8
103.0

In M3 only7

1995-JAN.
FEB.
MAR.

355.9
357.1
361.4

APR.
MAY
JUNE

365.5
367.9
368.2

8.9
9.2

382.0
372.8
382.6

296.6
279.7
274.9

105.7
102,
104,

402.3
382.4
379.3

2503
2517
2554.8

732,
752,
758,

JULY
AUG.
SEP.

369.0
369.0
369.2

9.5
9.5
9.3

388.7
386.5
388.1

272.8
268.7
264.6

104,
103,
104,

376.8
372.0
369.1

2573,
2599,
2611.4

766,
776,
774.8

OCT.
NOV. p

369.9
371.6

8.9
8.7

390.7
395.5

255,
253,

104,
105,

359.8
359.2

2622.0

790,
795,

86.1

32.5
30.8

9.0
9.0
8.9

394.1
397.5
386.2
383.7

257.6
258.3
254.2
251.7

107.4
105.7
102.2
101.5

365.0
364.0
356.5
353.2

2625.7
2627.6

23
30

372.2
370.4
369.3
368.3

2620.2
2618.8

786.8
787.9
795.7
794.9

83.9
87.6
85.4

86.2

31.8
32.2
32.8
32.7

6
13
20
27p

371.4
371.8
371.3
372.4

8.8
8.6

395.9
394.4
397.6
393.7

258.7
254.3
253.3
250.2

108.0
105.7
104.4
103.2

366.8
359.9
357.7
353.4

2627.4
2634.9
2640.4
2638.7

793,
800,
792,
798,

85.6
83.0
87.1
83.9

29,
29,
31,
31,

4p

372.2

8.5

399.1

253.6

108.4

362.0

2654.2

789.9

88.7

34.8

1995-OCT.

9

16

NOV.

DEC.

1.
2.
3.

8.1

8.1
8.4

8.8

8.8
8.7
8.7

2637.5

86.8
87.6

86.8
88.0
85.0
86.7

88.0
85.3

30.1
29.9
29.6
29.4
31.6
33.0

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).

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).


Page 8
H.6 (508)
Table 5 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Small-denomination time deposits 2

Savings deposits 1
Date

3.
4.

p

Institutiononly money
market funds

Large-denomination time deposits 3
At
commercial
banks 4

At
thrift
institutions

commercial
banks

At
thrift
institutions

Total

1204.3
1194.6
1183.6

470.5
476.6
481.8

306.9
307 . 1
308.7

777.5
783.7
790.5

373 . 4
374.2
371.3

173.8
176.2
172.6

275.4
281.4
286.2

61.8
62.2
63.3

337.1
343.6
349.6

405.7
399.7
391.2

1171.1
1161.0
1142.3

488.4
493.8
502.2

312.3
316.5
318.1

800.7
810.4
820.2

373.9
379.9
387 . 1

178.1
182.5
183.1

290.0
294.4
296.3

64.3
64.8
64.8

354.3
359.1
361.1

739.5
729.8
723 . 4

383.2
375.3
371.6

1122.7
1105.1
1095.0

513.1
524.4
537.6

324.2
332.4
341.6

837 . 3
856.8
879.2

392 . 8
396.3
399.8

192.4
188.8
190.8

293.8
301.6
306.4

66.4
67.8
69.7

360.2
369.4
376.1

APR.
MAY
JUNE

717.8
717.8
730.2

367.4
364.4
364.0

1085.2
1082.3
1094.3

547,
555,
562,

350.0
355.8
357 . 0

897 ,
910,
919 ,

404.8
407.9
423.9

191.3
193.8
199.2

306.8
317.6
320.0

70.7
70.9
71.1

377.6
388.5
391.1

JULY
AUG.
SEP.

732 . 6
740.8
746.8

361.6
359.3
358.6

1094.2
1100.1
1105.4

567.8
570.3
571.1

357,
358,
359,

925,
928,
930,

438.9
452.6
454.9

206.6
209.3
209.0

322,
326,
328,

72.3
73.6
74.0

394.6
400.2
402.6

OCT.
NOV. p

753.9
763.6

358.6
357.5

1112.5
1121.1

571.9
573.0

359,
360.

931.8
933.3

459.1
467.0

212 . 9
217.4

339.2
345.3

75.0
75.5

414.3
420.7

760.3
756.8
752.2
750.8

359.8
359.7
358.1
357.0

1120.1
1116.5
1110.3
1107.8

572.3
572.0
571.8
571.6

359.6
359.7
360.0
360 . 3

931.9
931.8
931.8
931.9

458.0
459.5
459.8
460.3

211,
211,
215,
213.8

338.2
339.0
340.6
340.6

74.7
75.1
75.1
75.3

413.0
414.1
415.8
415.9

commercial
banks

At
thrift
institutions

1994-JULY
AUG.
SEP.

780.0
777.0
772.7

424.3
417.7
410.8

OCT.
NOV.
DEC.

765.5
761.4
751.1

1995-JAN.
FEB.
MAR.

Week e n d i n g
1995-OCT.
9
16
23
30

1.
2.

General
purpose and
broker/
dealer
money
market funds

Total

Total

NOV.

6
13
20
27p

760.3
766.1
764.2
761.2

358,
358,
357 ,
356

1118.7
1124.3
1121.6
1117.6

572.1
573.1
573.1
573.4

360.4
360.2
360.3
360.3

932.5
933.3
933 . 4
933,7

461.2
465.1
467.0
472.2

215,
216,
216,
219.7

344,
345,
345,
344.8

75.6
75.6
75.4
75.3

419.7
421.5
421.3
420.2

DEC.

4p

768.6

357 . 2

1125.7

573.1

360 . 7

933.8

471.2

220.3

345.6

75.3

420.9

Savings deposits include money market deposit accounts.
S m a l l - d e n o m i n a t i o n t i m e d e p o s i t s — i n c l u d i n g retail R P s — a r e t h o s e i s s u e d in a m o u n t s of l e s s t h a n $ 1 0 0 , 0 0 0 . All I R A a n d K e o g h a c c o u n t b a l a n c e s at c o m m e r cial b a n k s a n d thrifts are s u b t r a c t e d f r o m small t i m e deposits.
L a r g e - d e n o m i n a t i o n t i m e d e p o s i t s a r e t h o s e i s s u e d in a m o u n t s of $ 1 0 0 , 0 0 0 o r m o r e , e x c l u d i n g t h o s e b o o k e d at i n t e r n a t i o n a l b a n k i n g f a c i l i t i e s .
L a r g e - d e n o m i n a t i o n t i m e d e p o s i t s at c o m m e r c i a l b a n k s l e s s t h o s e h e l d b y m o n e y m a r k e t m u t u a l f u n d s , d e p o s i t o r y i n s t i t u t i o n s , U . S . g o v e r n m e n t , a n d f o r e i g n
b a n k s and official institutions.
preliminary




Page 9
H.6 (508)
Table 5-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Term RPs1
Date

Term
Eurodollars2

fehort-term
Treasury
secunties3

Bankers
acceptances4

Commercial
paper6

Non-Federal
debt

At commercial
banks

At thrift
institutions

1994-JULY
AUG.
SEP.

7 0 ,. 8
6 8 , .2
6 8 , .3

32.0
32.8
33 .4

102.8
101.0
101.7

5 0 . .9
51.1
5 1 ,, 9

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

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

1 3 ,, 1
1 3 , ,5
1 4 , ,4

387.8
389.6
391.5

3393.9
3418.3
3438.3

9418.7
9454.2
9504.7

OCT.
NOV.
DEC.

67 . 1
6 7 ,. 5
67.8

34 .8
35 . 6
37 .7

101.9
103.1
105.6

5 2 , .6
5 4 . ,3
5 2 . .2

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

3 5 0 , ,6
3 6 5 , ,8
3 7 9 , ,2

1 3 , .3
1 3 , .6
1 4 , ,4

404.2
405.3
403.6

3448.5
3485.2
3499.0

9549.9
9597.4
9644.4

1995-JAN.
FEB.
MAR.

70 .2
73 .2
72 . 6

39 .2
40 . 1
40 . 8

109.4
113.4
113.4

52 ,9
56 , 1
5 8 , .2

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

3 7 6 , .0
3 9 1 , ,4
4 0 6 .. 1

1 4 . .2
1 3 . .9
1 3 .• 9

410.5
415.3
420.4

3499.0
3525.0
3551.1

9676.1
9702.0
9744.9

APR.
MAY
JUNE

74.7
78.5
76 . 9

4 1 .8
43 .2
42 . 9

116.5
121.7
119.9

5 9 , ,7
6 0 , .8
6 2 , .0

181.7
1 8 2 ,. 1
1 8 2 , .4

3 9 4 . .8
3 8 2 . ,4
3 8 7 . .8

13.7
1 2 .. 1
1 1 ,. 0

430.8
434.7
425.5

3544.1
3552.6
3579.3

9807.9
9872.7
9928.5

JULY
AUG.
SEP.

72 . 6
74 . 1
7 1 .8

43 . 0
44 .2
44 . 6

115.5
118.3
116.4

62 .8
6 1 , .6
60,.0

1 8 2 , .8
1 8 3 , .0
1 8 3 , .3 p

4 0 8 .. 1
4 1 2 . .6
4 2 2 . .3 P

1 1 ,. 6
1 1 ,. 9
1 2 ,. 6 p

424.4
428.7
439.2 p

3588.8
3602.2
3606.8

9962.6
9987.4
10034.6

OCT.
MOV. p

72 . 4
67 . 6

43 . 9
43 . 9

116.3
111.5

59 .0
58 .2

3610.1 p

10080.5 p

9
16
23
30

72 .5
7 1 .8
73 . 8
73.4

43
43
43
44

.6
.5
.5
.6

116.2
115.3
117.3
118.0

58,.9
59 .0
59 .2
59 .2

6
13
20
27p

68 .3
72 .5
64,. 8
67 .5

45 . 0
44 .2
43 .5
43.4

113.3
116.7
108.3

111.0

57,.9
57 .9
58.0
59 .8

4p

6 1 .2

43 . 4

104.5

56.3

1995*-OCT.

MOV.

DEC.

1.
2.

Debt components6

Non-M3 Components of L
Total

Savings bonds

Federal debt

4.
5.
6.

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.

p

preliminary

3.




Page 10

H.6 (508)
Table 6

MEMORANDUM ITEMS

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

Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

U.S. government deposits
Note
balances at
depository
institutions

Foreign
commercial
banks

Foreign
official
institutions

8.3
7.7

13 * 4
14.0
14.6

4.8
3.9
5.8

5.4
5.1

11.3

8.1

1.5
1.5
1.5

6.0

16.9

OCT.
NOV.
DEC.

8,.0
8,.4
8,. 7

1,,6
1., 8
1,,6

14,.8
14,.6
14,. 4

4,.3
3,.9
5,.7

5,. 6
5.,2
6.,2

1995-JAN.
FEB.
MAR.

8,,4
8.,0
8,, 1

1. 6
1. 6
1. 6

14,.0
13,,3
12,,7

4,. 9
3,.3
3,.4

APR.
MAY
JUNE

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

1. 6
1.,5
1.,6

12,.3
12,.3
12,, 3

JULY
AUG.
SEP.

8,. 4
7..5
7,.5

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

OCT.
NOV. p

8,, 2
8..0

9
16
23
30

NOV.

DEC.

1995-OCT.

Total
cash
balance

IRA and Keogh Accounts
Time and
d,%"38,,
commercial
banks

At
commercial
banks

At
thrift
institutions

At
money
market
funds

Total

28.8

2.7
2.9
2.5

142.6
142.6
142.7

110.7
109.7
108.7

55.9
56.1
56.8

309.2
308.4
308.1

12 . 1
9 .8
13 . 4

22 .0
18,. 9
25,.3

2,. 2
1,.9
1,.3

142, .7
142, .9
1 4 3 , .3

108.1
107.9
107.6

58.3
59.4
59.7

309.1
310.2
310.5

7 .,0
5. 9
5. 2

20,.0
21,. 1
10,. 1

31,,9
30,,3
18,.8

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

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

107.5
107.7
107.7

59.7
59.9
60.1

310.9
312.2
313.3

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

1 4 6 , ,4
1 4 6 , ,8
1 4 7 , .8

107.6
107.4
107.2

60.3
60.5 e
60.6 e

314.2
314.6 e
315.7 e

12,.3
12,.3
12,.3

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

6,,6
5 <,3
6..8

27,.7
13,.6
17,.8

37,,6
21,,7
30,. 6

2,.8
2,,9
2 ,.8

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

107.2 e
107.0 e
107.5 e

60.7 e
60,7 e
60.7 e

316.8 e
316.8 e
317.6 e

1. 6
1.,7

12,.3
12,,3

3,. 1
3,.0

5.,3
5..4

11,. 4
8,.2

19,,8
16,. 6

2 ,,8
1,.6

1 5 0 , ,0
1 5 0 . ,3

108.0 e
107.9 e

60.7 e
60.7 e

318.7 e
318.9 e

8,,3
8,, 1
8,.9
7,,9

1. 8
1.,5
1.,4
1.,5

12,.3
12,.3
12,.3
12,.3

2,. 8
3,• 9
2,.7
2,,7

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

12,.2
10,.0
11,. 1
7,.8

2 0 ,. 6
18,,7
19,,0
15,,7

2,
2,
2,
2,

8
8
8
7

6
13
20
27p

8,,2
7,,5
7.. 8
8,,3

1.,4
1, 8
1.,4
2., 1

12,,3
12,,3
12,.3
12,.3

3,.3
2,.5
3,»2
2,.9

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

7,. 1
3,.2
9,,9
10,,7

15,,6
11,,6
18., 1
19,, 1

2.
1.
1,
1.

8
4
3
2

4p

8,,2

1.,5

12,,3

3,.4

5..2

12,, 3

2 0 . ,9

1. 2

1994-JULY
AUG.
SEP.

e
p

Time and
savings
deposits
due to
foreign
banks and
official
institutions

estimated
preliminary




10.1

21.5
19.0