Full text of H.6 Money Stock Measures : December 19, 1985

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE statistical release
For release at
4:30 PM EST
December 19, 1985

H. 6(508)

NOTICE
The H.6(508) statistical release "Money Stock,
and Debt Measures" will not be published on Thursday, December 26 and
Thursday, January 2, but Instead will be published on Friday, December 27
and Friday, January 3, respectively, owing to holiday-related delays in
data flows•




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

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES
Billions of dollars

Date

M1

M2

M3

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

M1 plus overnight RPs
and Eurodollars,
MMMF balances (gen. pur.
and broker/dealer). MMOAs.
and savings and small
time deposits 1

M2plus
large time deposits,
term RPB, term Eurodollars
and institution-only
MMMF balances 1

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors'1

Seasonally adjusted

1 9 8 4 — 1 0 ¥•
DSC

553.8
558.5

2346.3
2371.7

2959.9
2995.Q

3502.8
3541.3

5850.9
5927.1

1985—JA I .
PBB.
HAB.
APE.

562.7
569.4
572.1
574.9
581.6
591.2
595.8
605.9
611.9
611.1
617.8

2398.9
2421.0
2429.6
2427.7
2444.9
2472.9
2490.6
2514.1
2528.9
2533.4
2547.4

3020.5
3041.0
3055.9
3056.9
3076.9
3104.5
3117.2
3142.5
3169.0
3179.3
3192.7

3564.0
3595.5
3623.3
3625.5
3643.3
3673.2
3692.1
3730.1
3761.2

5994.0
6050.0
6104.2
6165.2
6228.0
6290.5
6356.4
6420.2
6479.3
6541. 9

1984—MOT.
DEC

555.9
570.4

2344.4
2376.7

2960.4
3002.2

3503.1
3542.9

5838.0
5921.2

1 9 8 5 — JAIL

568.3
558.6
564.9
581.6
576.2
592.2
599.1
601.5
608.6
611.0
620.0

2404.2
2414.5
2429.9
2439.6
2441.0
2476.6
2496.6
2507.4
2517.6
2530.1
2545.3

3024.3
3034.3
3057.6
3068.8
3074.8
3107.2
3119.4
3137.4
3157.2
3173.8
3193.3

3568.9
3592.0
3629.5
3639.6
3638.3
3676.4
3694.1
3722.2
3749.2

5985.9
6027.6
6075.8
6136.9
6^01.4
6266.9
6334.7
6400.8
6463.9
6528.5

•AX
JUIE
JULY
AUG.
SEPT.
OCT.
•O¥. P

BAB.
APE.
HAY
JUNE
JULY
AUG.
SEPT.
OCT.
10?. P

M1
For period ended
1985-IO?.

4
11

18
25
DEC

MOTS:

2 P
9 P

13 wetk average

4-»eefc averse

610.1

610.9
611.7
612.7

610.8
612.9
613.5
615.9

612.2
613.8
616.6
620.8

607.7
608.8
610.2
611.8

610.9
612.4
614.5
618.0

616.6
619.8
621.6
614.0

614.0
614.7

619.4
621.7

626.2
623.0

613.9
615.1

620.7
624.5

627.3
635.2

4-week average

•mfc avaraoa

SPECIAL CAUTIOH SHOULD B* TAKEN IV IITSBPBETIIG IBEK-TO-ISEK CHAIGBS II HOIEY SUPPLY DATA, iHICH ABE
HIGHLY VOLATILE AID SUBJECT TO BEIISIOI.
P—IIDZCATES PBBLIHIRABY DATA.
roomo*JBs APPEAR OI THE FOLLOHIHG 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 AUG.

1965 TO NOV.

1985

7.9

5.3

6.4

11.7

b MONTHS PROA HAY

198b TO NOV.

1985

12.4

8.4

7.5

12.2

12 MONTHS PROM NOV.

1984 TO NOV.

1985

11.b

8.6

7.9

U.3

THIRTEEN WEEKS ENDING DEC. 9, 1985
FROM THIRTEEN W£EKS ENDING:
9, 1985 (13 WEEKS PREVIOUS)

9.7

JUNE

10, 1985 (26 WEEKS PREVIOUS)

12. o

DEC.

10, 1984 (52 WEEKS PREVIOUS)

11.5

SEPT.

1/

1/

2/

3/

4/
5/

GROWTH BATES FOR DEBT AME BASED ON PERIODS BEGINNING AND ENDING ONE MONTH EARLIER THAN FOR THE MONETARY AGGREGATES,
NAMKLY, JULY 1985 TO OCTOBER 1985, APRIL 1985 TO OCTOBER 1985, AND OCTOBER 1984 TO OCTOBER 1965, RESPECTIVELY.
FOOTNOTES TO 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 A Li- COMMERCIAL BANKS OTHER THAN THOSE DUE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN bkUHS AND OFFICIAL INSTITUTIONS LZSS CASH ITEMS IN ThE PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OLD) CONSISTING OF NEGOTIABLE ORDER
OF WITHDRAWAL (NOW) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AftU DEMAND
DhPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF M1 PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OP U.S. BANKS WORLDWIDE, MMDAS, SAVINGS AND SMALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL R P S — I N AMOUNTS OF LESS THAN $100,000), AND BALANCES IN dOTtf
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND UHOKLZIL/DEkLEM MONEY MARKET MUTUAL FUNDS. EXCLUDES IMA AND KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND MONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD *X U.S. LOAM1&RCIAL
BANKS, MONEY MARKET ¥UUDS (GENERAL PURPOSE AND dROKER/DEALEM), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE V.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 THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF M2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OR MOR&) AND TKRM RP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, IK4M EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN ^RANCHES OF U.S. BANKS
WORLDWIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT
INSTITUTION-ONLY £ON£Y 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 RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS.
CONSISTS OF MJ PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAflNGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF HONEY MARKET MUTUAL FUND HOLDINGS OF TH£Sfi ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE BONDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER bANK LOANS, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ARE DERIVED FHOM THE FtiOLbiAL RESERVE BOARD'S FLOU OF PUNDS ACCOUNTS. ALL DATA ON UEBT OF DOMESTIC
NONFINANCIAL SECTORS ARE t*h£SENTED IN MONTH-AVERAGE FORM, D&klVED 61 AVERAGING MONTH-ENO LeiyCLS u/ ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISXICAL DISCONTINUITIES THAT MAX AtilSE IN THE UNDEnLXING FJLOU OF FUNDS STATISTICS.
TdE PRESENTATION OF DEBT DATA IN THIS RELEASE Dltttibis, THEKEfOhE, ftfOM THE jUAkT£HLY FLOti Ot fUNDS STATISTICS CONTAINED IN
IN iHE FEDERAL RESERVE RELEASES L.l AMD'&„1. IN THOSE Ht.ll£kSlLSt PUBLISHED LEVELS OF CREDIT MARKET DtiiT AUE MEASURED ON A
A UUARTER-END OASIS AND 1HCLUD& DISCONTINUITIES.




COMPONENT! OP THE MONEY STOCK

Cimmoy*
to Ml*

1984-NOY.
DIC.

157.9
158. 7

5.1
5.2

246.8
248.6

143.9
146.0

1792.5
1813.3

613.6
623.3

123.8
122.6

166.9
166.0

290.7
288.6

384.5
387.0

494.0
498.6

878.5
8tt!>.6

26376
264.4

147.1
151.8

410.7
416.2

1985-JAN.
PBB.
MAI.

159. 4
160.5
161.3

5.3
5.3

249.1
251.7
251.9

149.0
151.8
153.6

1836.2
1851.6
1857.5

621.6
620.0
626.3

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

881.9
877.6
878.6

262.3
264.4
269.4

154.6
154.9
154.2

416.9
419.3
423.6

APB.
HAY
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

1852.7
1863.3
1881.7

629.3
632.0
631.6

119.6
120.4
121.9

168.3
U8.9
170.2

287.8
289.3
292.1

387.6
390.0
390.7

497.8
502.0
503.4

885.3
892.0
894.2

273.0
272. 1
267.7

154.4
156.1
156.4

427.3
428.2
424.1

JULI
AUG.
SEPT.

165.41
167.1
167.9

5.9
5.9
5.9

260.9
264.1
266.8

163.6
168.9
171.3

1894.8
1908.1
1917.0

626.6
628.4
640.1

123.2
124.2
124.6

172.8
176.1
177.1

296.0
300.3
301.7

388.4
384.1
382.8

500.1
494.3
491.6

888.5
878.4
874.4

265.7
267.6
272.9

154.2
153.7
155.7

420.0
421.3
428.5

OCT.
HOV. P

Utt.8
169.9

5.9
5.9

264.0
266.3

172.4
175.7

1922.3
1929.6

645.9
645.3

125.1
125.3

179.3
180.4

304.4
305.8

381.8
381.7

489.9
489.9

871.6
871.5

277.2
260.0

156. 1
157.6

433.3
437.6

169.7
169.9
169.6
169.7

263.8
262.4
265.2
269.5

172.b
175.6
176.0
175.7

125.2
125.4
125.4

380.8
381.1
381.6
382.2

279.5
281.1
279.1
279.5

170.6
170.7

272,7
269.4

177.0
177.0

125.2
124.8

382.8
383.8

280.5
281.4

WEEK ENDING
1985
NOV.

4
11
18
25

DEC.

1/

2 P
9 P

CUBBBNCI OOTSIOE THE U.S. TBBASURI, FEDERAL RESERVE BAVKS AND MOLTS OP COBHEBCIAL BABKS. EXCLUDES THE BSTIBATBD
AHOUBT DP IAULT CASH HELD BT THBIPT IBSTITUTIOMS TO SEBflCB THEIR OCD LIABILITIES.
2/ OUTSTABDING ABOUBT OP U.S. DOLLAR-DESOHIMATED TBAVELEBS CHBCES OP BOBBABK ISSUEBS. TBAYELEBS CHECKS ISSUED BT DBPOSITOBI
IMSTITUTIOBS ABE IBCLUDBD IB DEHAHD DEPOSITS.
3/ DBHABD DEPOSITS AT COHHEBCIAL BABKS ABD POBBIGB BELATED IBSTITOTIOBS OT8E8 THAB TBOSE DOE TO DOflESTIC BABES, TBE 1.S. GOVBRBHEHT AND FOREIGN BABKS AND OPPICIAL IBSTITUTI3BS LESS CASB ITBBS IB THE PROCESS OP COLL1CTIOH ABD FEDEBAL BBSBBfE PLOAT.
EXCLBDSS THE BSTIBATED ABOUBT OP DBHABD DEPOSITS HELD AT COHHBBCIAL BABKS BI THBXPT IBSTITUTIOBS TO SBBflCE THBIB OCD
LIABILITIES.
4/ COBSISTS OP BOB ABD ATS BALABCES AT ALL DBPOSITOBT IBSTITOTIOBS, CBBDIT OBIOB SHARE DRAPT BALABCBS ABD
DBHABD DEPOSITS AT THBIPT IVSTITOTIOfS. OTHEB CHECKABLE DEPOSITS SBASOBALLT ADJUSTBD EO.UALS THE DIPPEBEBCE BBT8EBB THE
SBASOBALLT ADJUSTED SUH OP DEHAMD DEPOSITS PLUS OCD ABD SBASOMALLT ADJUSTED DBHAHD DEPOSITS. IBCLUDBD ABB ALL CBILIBG
PUBS "SUPER BOBS," AUTHOBIZBD BI TBB DEPOSITOR! IBSTITOTIOBS DBBBGULATIOH COHHITTEB TO BE OPPBBKD BSGIBBIBG JABUART 5,
1983.
5/ SUfl OP OVERNIGHT EPS AND OVEBBIGBT EURODOLLARS, HOHBI MARKET PUBD BALABCES (GBNEfiAL PURPOSE ABD BB0KBB/DBAL5R) ,
NHDAS, AND SAVINGS AND SHALL TIHB DEPOSITS, LESS THB COBSOLIDATIOB ADJUSTHBHT THAT BBPBBSBBTS THE BSTIHATED AHOOBT OP
DEMAND DEPOSITS ASD VAULT CASH HELD Bf THBIPT IBSTITUTIONS TO SEBVICB THBIB TIHH ABD SAVINGS DEPOSITS LIABILITIES.
6/ SUH OP LABGS TIHB DEPOSITS, TBRfl HPS AND TEBH it 0 BO DOLLARS OP U.S. RESIDENTS, HONBT HABKET PUBD BALANCES (INSTITUTIONONLX), LESS A CONSOLIDATION ADJUSTHENT THAT BBPRfiSENTS THB ESTIMATED ABOUNT OP OVERSIGHT BPS ABD EURODOLLARS HELD BT
INSTITUTI03-0NLT HONE! HABKET PUNDS.
If SAVINGS DEPOSITS EXCLUDE HHDAS.
8/ SHALL DENOHINATION TIHB DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUED IB AHCUNTS OP LESS THAN $100,000. ALL
INDIVIDUAL BETIBBHBNT ACCOUNTS (IRA) AND KEOUU ACCOUNTS AT COHHERCIAL BABKS ABD THRIFTS ABU SUBTRACTED FROfl SHALL
TIflfc DEPOSITS.
9/ LABGK DENOHINATION TIHE DEPOSITS ABB THOSE ISSUED IB AHOUBTS OP $100,000 OB HOBB, EXCLUDING THOSE BOOKED AT
INTERNATIONAL UANKING FACILITIES.
10/ LAKGfc UtiMOniNATION TINE DEPOSITS AT COfMBRCIAL BANKS LESS THOSE HELD BT HONBT HABKET MUTUAL FUNDS,
DE^Obl'iOUY INSTITUTIONS AND POhtiIGN BANKS AMU OFP1CIAL INSTITUTIONS.



H.6 (508)
Table 4

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

Date

savings bonds

Non-M3 components of L
bankers acceptances3
short-term treasury
securities*

commercial paper*

Debt components4
federal debt
non-federal debt

1984-OCTNOV.
DEC.

73.7
73.9
74.1

273.1
268.0
267.2

44.8
43.4
43.2

156.7
157.6
161.8

1325.2
134 7.6
1367.4

4448.7
4503.3
4559.7

1985-JAN.
FEB.
MAR.

74.4
74.9
75.3

266.7
270.3
275.9

42.8
44.6
46.4

159.6
164.8
169.8

1384.9
1J99.4
1409.3

4609. 1
4650.6
4694.9

APR.
MAY
JUNE

75.8
76.2
76.6

277.8
276.7
284.6

46.1
44.8
42.8

168.9
168.6
164.7

1423.1
1441.4
1458.3

4742.0
4786.5
4832.2

JULY
AUG.
SEPT.

76.7
77.2
78.1

284.4
285.5
287.1

42.7
42.9
42.8

171.1
182.0
184.2

1478.5
1496.1
1505.6

4877.9
4924.1
4973.7

1516.6

5025.3

OCT.

P

CONSISTS OF U.S. TREASURY BILLS AMD COUPONS MLIH REMAINING MATURITIES OP LESS THAN 12 MONTHS HELD BY OTHER THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, MONEY MARKET MUTUAL 1f[)HDS AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE PEDERAL
HOME LOAN BANK SYSTEM AND HONEY 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(5O0)
Table 5

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
N o o t f naacttora components

Other checkable deposit*
Date

Currency*

travelers
checks 1

Demand
deposits 1

at commercial
banks 4

at thrift
Institutions 1

total

lnM2*

in M3 only7"

Overnight
RPs*

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

1984-NOV.
DEC

158.7
160.9

4.8
4.9

248.9
257.4

103.1
105.9

40.4
41.3

143.4
147.2

1788.5
1806.3

616.0
625.4

47.9
45.2

10.1
12.4

162.0
167.5

1985-JAI.
FSB.
HAB.

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
1865.0

620.1
619.8
627.7

48.7
56.3
55.7

14.2
13.3
12.4

171,9
175.1
177.6

APRHAT
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
47.4

160.1
156.2
161.3

1858.0
1864.8
1884.4

629.3
6J3.8
630.6

47.4
51.3
50.3

12.0
12.8
12.7

176.2
172.2
175.4

JULY
AUG.
SEPT.

166.8
167.7
167.6

6.6
6.5
6.2

262.2
260.9
265.5

115.0
117.1
119.0

48.5
49.3
50.3

163.5
166.4
169.3

1897.5
1905.8
1909.0

622.8
630.0
639.7

50.2
51.9
52.7

12.4
14.2
13.9

175.8
176.8
176.7

OCT.
NO?. P

168.5
170.7

5.9
5.6

265.4
268.4

119.8
122.6

51.4
52.7

171.2
175.3

1919.1
1925.3

643.7
648.0

53.1
55.4

14.5
14.1

176.9
176.4

169.2
171.4
170.3
169.8

267.7
266.0
270.2
2*5.9

121.4
123.4
122.8
121.3

52.6
53.4
52.8
51.4

174.0
176.8
175.6
172.7

54.2
51.9
55.1
59.5

15.0
13.3
14.2
14.9

176.4
176.5
175.9
176.7

171.6
173.1

274.4
275.8

122.8
126.5

53.0
54.4

175-7
180.8

55.6
58.5

13.4
17.2

116.5
176.9

•
SEEK EH D U G •
1985-NOV.

DEC

V

4
11
18
25
2P
9P

CUBBBICI Otttstb* TftB 8.5. fBBASOBT, FEDERAL BESEBVE BANKS AND THS fAOLTS Or COBIHgTit BAIK5. gllLODK ggg 85TI3ATBD
AHOUNT or FAULT CASH HELD BT THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
2/ OUTSTANDING AHOOHT OF O.S. DOLLAR-DENOHINATBD TRAVELERS CHECKS OP IONBAMK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORI
INSTITUTION ARE INCLUDED IN DEHAND DEPOSITS.
3/ DEHAND DEPOSITS AT COHHSRCIAL BANKS OTHER THAN THOSE DOB TO DOBSSTIC BANKS, THE O.S. GOVERIflBNT AID FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEHS IN THE PROCESS OF COLLECTION AND F.R. FLOAT, LESS THE EStlflATBD AWOOIT OF DEHAND
DEPOSITS HELD AT COflHSRCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
4/ CONSISTS OF NOW AND ATS BALANCES AT COflNERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKSC AND EDGB ACT
CORPORATIONS. INCLUDES SUPER NOUS OF $43.5 BILLION IN THE IEBK END NOVEHBBR 25, S44.0 BILLION IN THE iBBK BNDED
DBCEHBER 2, AND 145.0 BILLION IN THE WEEK ENDED DECBHBBR 9.
5/ CONSISTS OF BOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AID HOTUAL SAVIIGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DBHAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOHS OF $18.3 BILLION IN THE MEEK BIDED NOVBHBBR 25,
$18.8 BILLION IN THE NBBK BNDED DBCBHBBR 2, fiD $19.2 BILLION IN THB HBBK ENDED DBCEHBBtt 9.
6/ SUH OF OVERNIGHT RPS AND EURODOLLARS, HONBI NARKBT FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), IIHDAS AND SAVINGS
AND SHALL TIHE DEPOSITS LESS THB ESTIMATED AHOUNT OF DBHAND DEPOSITS AND VAULT CASH HELD BI THRIFT INSTITUTIONS TO SERVICE
THEIR TIHE AND SAVINGS DEPOSIT LIABILITIES.
1/ SUH OF LARGB TIHE DEPOSITS, TEHH EPS AND EURODOLLARS OF O.S. RESIDENTS, HONET HARKBT FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTHENT THAT REPRESENTS THB ESTIHATED AHOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BT INSTITUTION-ONLY
MONEY HAKKET HUTUAL FUNDS.
8/ CONSISTS OF OVERNIGHT AND CONTINUING CONTBACT HPS ISSUED BY COHHERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
HONEY HARKET HUTUAL 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
HONEY HARKET HUTUAL FUNDS (GENERAL PURPOSE AND BKOKiiR/DEALER) .



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
commercial
thrift
banks
institutions

Savings deposits^
af"~

commercial
banks

thrift
institutions

total

Small denomination time deposits^
at
commercial
banks

Large denojninatjon time deposits3
total

1984-NOV.
DEC.

257.1
267.1

145.4
147.9

402.4
415.1

122.7
121.4

1t>6. 1
154.9

288.8
286.3

387.1
387.6

497.4
499.4

884.5
887.0

263.6
265.9

147.6
151.1

411.2
416.9

1985-JAN.
FEBMAR.

280. 4
289.J
294.0

153.2
159.0
163.9

433.7
448.3
457.9

121.1
120.4
120.6

165.7
166.5
16B.2

286.9
286.9
288.8

386.3
384.1
383.7

502.0
499.5
496.3

88b.4
883.6
880.0

263.0
263.9

154.1
154.9
153.3

417. 1
418.8
423.0

APR.
HAY
JUNE

295.9
298.3
307.3

164.5
165.5
167.8

460.3
463. 8
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

49 5.6
495.5
496.7

879.4
8b0.8
88J. 1

270.4
270.0
267.2

153.4
1t>6. 1
156.0

423.8
426.0
423.2

JULY
AUG.
SEPT.

313.0
317.7
321.2

171. 1
174.3
175.5

484. 1
492. 1
496.7

124.3
124.0
123-7

175.1
175.5
176.0

299.4
299.5
299.7

386.4
385.4
385.2

497.5
494.0
492.3

88J.9
679.4
877.5

264.9
^69- 4

154.3
1b5.1
156.3

419.2
424.5
430.8

OCTNOV. P

324.3
329.2

176-8
177.3

501. 1
506.4

124.S
124.i

179.0
179.6

303.6
303.8

384.9
384.3

493.6
493.4

878.4
877.7

278.2
279.9

157.4
158.2

435.6
438. 1

REEK ENDING

1985
NOV.

DEC-

1/
2/
3/
4/

4
11
18
25
2 P
9 P

327.0
328.4
329.4
330.0

124.J
124.4
124.4
124.2

384. 1
384.3
384.2
384.5

278.9
279.7
278.6
280.9

330.4
331,8

123.9
124.1

384.6
384.6

281.4
281.5

SAVINGS DEPOSITS EXCLUDE HHDAS.
SHALL DENOMINATION TIHfc DEPOSITS — INCLUDING kiSTAIL RPS — AHE THOSE ISSUED IN AMOUNTS OF L&SS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IBA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS Atttt SUBTRACTED FROM SHALL
TIME DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUiiD IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSK BOOKED AT INTERNATIONAL
BANKING FACILITIES (IbFS).
LAKGE DENOMINATION TINE DEPOSITS AT COMMERCIAL HANKS LESS THOSE HELD BY HONEY MARKET MUTUAL FUNDS, DEPOSITORY
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (506)
Table S-continued

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

lermRPs'

Date

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

"••

Term
Eurodollars*

Savings
bonds

Non M 3 Components of L
Short-term
Bankers
treasury
acceptances 4
securities*

Components of Debt
Commercial
Federal debt*

Non-Federal 9
debt

1984-NOV.
DEC.

58.3
62.7

35.4
32.5

35.3
37.3

70.7
69.7

81.9
83.2

74.0
74.4

265.1
264.8

44.2
44.8

159.4
156.9

1343.0
1364.7

4495.0
4556.4

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

81.1
81.3
84.7

74.6
74.9
75.3

268.6
273.8
283.5

44.1
44.8
45. J

157.3
164.2
167.7

1383.1
1397.4
1412.0

4602.8
4630.1
4663.8

APfi.
MAY
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

81.0
81.8
79.9

75.6
76.1
76.5

281.2
274.6
282.5

44.7
43.9
42.3

169.3
168.8
167.9

1427. 1
1443.8
1457.9

4709,8
4757.6
4809.0

JULY
AUG.
S2PT.

65.0
63.6
b2.3

31.1
32.1
33.1

33.9
37.2

65.0
67.4
70.3

79.4
80.2
80.8

76.6
77.1
78.0

282.9
283.9
285.3

42.0
42.8
43.2

173.1
181.0
185.4

1475.8
1495.8
1506.9

4858.9
4905.0
4957.0

OCT.
MOV. P

63.3
64.5

31.7
33.6

38.5
39.3

70.3
72.9

80.0
79.1

1515.5

5013.0

64.8
64.0
63.7
65.4

32.2
32.6
32.8
31.6

64.5
64.1

39.8
30.8

WEEK ENDING:
1985-NOV.

4

11
18
25
DEC-

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

2 P
9 P

TERN RPS ABB THOSE WITH ORIGINAL ItATUHITIES GREATER THAN ONE DAT, EXCLUDING CONTINUING CONTRACTS AND DETAIL EPS. INCLUDES
A RELATIVELY SHALL AMOUNT OP OVERNIGHT RPS AT THRIFT INSTITUTIONS.
TERN EURODOLLARS ARE THOSE VITH 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 OFFICES IN THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEY BASKET MUTUAL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITIES OP LESS THAN 12 MONTHS H&LD BY OTHER THAN DEPOSITORY
INSTITUTIONS, FEDERAL RfcSEkVE BANKS, HONEY HAdKET MUTUAL FUNDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL HESBRVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
ROME LOAN BANK SYSTEM AND HONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPEB LESS COMMERCIAL PAPER H£LQ BY MONEY MARKET MUTUAL FUNDS.
D£BT DATA ARE ON A MONTHLY AVEHAGE BASIS, DERIVED dY AVERAGING END-UF-NONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTLu TO REMOVE 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

IRA and Keogh Accounts

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

time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

money
market
mutual funds

total

1984-NOV.
DEC.

8.8
8.6

2.1
2.0

9.4
9.6

2.8
3.4

3^2
3.4

7.5
9.1

13.6
16.0

1.1
1.0

43.2
43. tt

57.7
59.0

6.5
6.9

107.3
109.7

1985-JAN.
FEB.
MAH.

8.5
8.3
7.5

1-9
2.1
1.«

9.2
8.9
8.7

3.7
3.1
3.6

4.0
4.3

3. a

14.9
12.7
9.2

22.5
20. 1
16.6

1.1
1.1
1.0

45.3
47.0
48. d

61.4
63.1
6*. 4

7.4
7.7
7.9

114.0
117.9
122.1

AP&.
HAY
JUNE

7.6
7.8
7.8

1.9
2. 1
U9

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
i>5.9

69.2
70.5
71.8

8.6
8.6
8.4

131.2
134.2
136.1

JULI
AUG.
SEPT.

7.9
7.6
7.9

1.8
1.9
2.0

8.3
8.2
8.2

3.1
2.6
3.4

4.0
3.0
4.3

20.0
10.6
13.4

27.0
16.4
21.1

1.0
1.1
1.1

56.7
57.4
57.8

7J.7
76.4

8.5
8.4
8.3

138.8
140.9
142.5

OCT.
NOV. P

7.9
7.8

1.8
2.1

8.4
8.5

3.\)
3.0

3.1
2.8

2.4
4.8

8.5
10.7

1.1
1.1

58.2
58.7

77.3
7d.0e

8.6e
8.8e

144.1e
145. 5e

7.8
7.8
7.9
7.8

1.8
2.1
2.1
1.9

8.4
8.6
8.6
8.5

3.0
2.7
3.4
2.7

2.5
3.2
^ 2
2.8

1.9
5.1
3.0
4.4

7.4
11.1
9.6
9.8

1.1
1.1
1.1
1.1

7.7
7.2

2.4
1.8

8.2
tt.4

3.2
3.0

! • !

10.0
2.9

15.4
8.6

1.2
1.2

WEEK
1985
NOV.

DEC.

ENDING:

4
11
18
25
2 P
9 P

e = estimated




2-7

75.2