Full text of H.6 Money Stock Measures : December 2, 1993

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 MEASURES

For release at 4:30 p.m. Eastern Time

Billions of dollars
Date

DECEMBER 2,1993

M11

M22

M33

L4

DEBT5

Seasonally adjusted
1991-NOV.
DEC.

891.0
899.3

3435.8
3445.8

4162.9
4168.1

4983.3
4982.3

11114.1
11141.9

1992-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

911.5
926.2
935.1
941.2
952.2
952.5
963.2
975.5
990.1
1006.0
1019.1
1026.6

3451.0
3467.7
3467.8
3464.8
3467.5
3462.0
3463.1
3471.4
3479.0
3490.0
3496.2
3494.8

4172.2
4189.0
4184.9
4178.0
4179.8
4170.1
4168.6
4177.8
4181.8
4178.1
4175.6
4162.5

4978.3
4999.1
5010.1
5009.1
5011.1
5014.8
5012.1
5025.0
5036.1
5038.7
5048.1
5039.5

11186.8
11233.4
11284.7
11335.3
11379.8
11431.1
11489.6
11548.8
11593.6
11622.2
11664.1
11718.6

1993-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.

1033.2
1033.0
1035.2
1043.0
1066.7
1073.1
1085.0
1094.1
1106.5
1116.1

3485.6
3474.0
3471.5
3473.2
3503.7
3510.9
3516.3
3520.9
3532.7
3535.3

4137.3
4131.3
4126.5
4136.8
4165.8
4165.2
4162.4
4165.1
4176.8
4183.6

5015.0
5011.3
5010.4
5026.2
5065.6
5067.9
5065.6
5080.1
5071.5 p

11749.0
11773.8
11817.4
11862.7
11910.0
11972.0
12024.7
12076.0
12120.7 p

1991-NOV.
DEC.

893 . 1
916.4

3438.4
3457.9

4167.7
4178.1

4994.9
5004.2

11099.7
11141.0

1992-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

917.3
916.0
930.5
954.7
943.9
951.9
962.5
970.4
982.9
1000.9
1021.5
1045.7

3456.0
3462.3
3474.8
3486.5
3452.4
3457.2
3460.5
3465.9
3466.7
3484.2
3499.1
3509.1

4174.1
4186.5
4195.2
4195.1
4167.1
4165.1
4163.2
4177.6
4170.2
4168.1
4180.9
4174.6

4993.2
4999.7
5023.5
5025.0
4988.0
5001.9
4995.9
5015.0
5025.5
5027.9
5060.9
5064.0

11175.1
11207.4
11257.3
11306.6
11346.6
11396.1
11447.3
11508.0
11560.5
11594.6
11652.2
11717.2

1993-JAN.

1040.2
1022.2
1030.7
1058.2
1057.5
1072.5
1083.7
1087.7
1098.2
1110.9

3491.4
3468.0
3478.3

4139.9
4128.6
4136.5
4155.9
4152.4
4160.3
4156.0
4163.0
4164.1
4173.7

5031.6

11739.2

5011.6
5024.0
5044.0
5040.3
5054.8
5047.6
5067.2
5060.1 p

11751.6
11793.0
11835.6
11878.3
11937.8
11983.3
12036.9
12088.6

Not seasonally adjusted

FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.

Footnotes appear on the following page
p

preliminary




3496.7
3488.1
3506.5
3512.9
3513.7
3519.1
3529.3

p

Page 2

H.6 (508)
Table 2

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

3 Months

f r o m JULY 1993

6 Months
12 M o n t h s

to

M1

M2

M3

DEBT1

OCT.

1993

11.5

2.2

2.0

5.0

f r o m APR.

1 9 9 3 TO OCT.

1993

14.0

3.6

2.3

5.1

f r o m OCT.

1 9 9 2 TO OCT.

1993

10.9

1.3

0.1

4.5

T h i r t e e n w e e k s e n d i n g NOVEMBER 2 2 , 1 9 9 3
f r o m t h i r t e e n weeks e n d i n g :
AUG. 2 3 , 1 9 9 3 ( 1 3 w e e k s p r e v i o u s )

11.2

2.3

1.8

MAY

24,

1993

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

12.8

3.1

2.0

NOV.

23,

1992

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

11.1

1.4

0.1

1.

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, June 1993 to September 1993, March 1993 to September 1993,
and September 1992 to September 1993, respectively.
Footnotes to Table 1:
1.

2.

3.

4.
5.

Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) travelers checks of nonbank issuers; (3) demand
deposits at all commercial banks 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; and (4) other checkable deposits (OCDs), 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. Seasonally adjusted M1 is calculated by summing currency,
travelers checks, demand deposits, and OCDs, each seasonally adjusted separately.
Consists of M1 plus overnight (and continuing contract) RPs issued by all depository institutions and overnight Eurodollars issued to U.S. residents by foreign branches of U.S.
banks worldwide, savings deposits (including money market deposit accounts), small-denomination time deposits (time deposits—including retail RPs—in amounts of less than
$100,000), and balances in both taxable and tax-exempt general purpose and broker/dealer money market mutual funds, txcludes individual retirement account (IRA) and
Keogh balances at depository institutions and money market funas. Also excludes all balances held by U.S. commercial banks, money market funds (general purpose and
broker/dealer), foreign governments and commercial banks, and the U.S. government. Seasonally adjusted M2 is computed by adjusting its non-M1 component as a whole and
then adding tnis result to seasonally adjusted M1.
Consists of M2 plus large-denomination time deposits (in amounts of $100,000 or more) and term RP liabilities issued by all depository institutions, term Eurodollars held by
U.S. residents at foreign branches 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 money market mutual funds. Excludes amounts held by depository institutions, the U.S. government, money market funds, and foreign banks and official institutions.
Also subtracted is the estimated amount of overnight RPs and Eurodollars neld by institution-only money market mutual funds. Seasonally adjusted M3 is obtained by adjusting
its non-M2 component as a whole and then adding this result to seasonally adjusted M2.
Consists of M3 plus the nonbank public holdings of U.S. savings bonds, snort-term Treasury securities, commercial paper and bankers acceptances, net of money market
mutual fund holdings of these assets.
Debt of domestic nonfinancial sectors consists of outstanding credit market debt of the U.S. 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 from the Federal Reserve Board's flow of funds accounts. All data on debt of domestic nonfinancial sectors are presented in month-average form, derived
by averaging adjacent month-end levels. These data have also been adjusted to remove statistical discontinuities that may arise in the underlying flow of funds statistics. The
presentation of debt data in this release differs, therefore, from the quarterly flow of funds statistics contained in the Federal Reserve releases Z.7 and Z.1. In those releases,
published levels of credit market debt are measured on a quarter-end basis and include discontinuities.




Page 3
H.6 (508)
Table 3

MONEY STOCK MEASURES

Billions of dollars
Seasonally adjusted
M3

M2

M1
Period ending

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

1993-AUG.

30

1084.0

1094.3

1096.6

3516.0

3520.8

3516.8

4164.3

4165.4

4164.6

SEP.

6
13
20
27

1086.3
1088.8
1091.7
1094.4

1097.0
1099.2
1103.4
1106.9

1101.9
1102.9

3517.0
3518.6
3520.3
3522.6

3523.6
3526.2
3529.3
3533.5

3528.8
3535.4
3536.2
3533.6

4163.8
4164.4
4165.6
4167.4

4166.8
4168.8
4172.9
4176.9

4166.0
4178.3
4182.8
4180.5

4

1097.1
1099.2
1101.7
1103.9

1109.5
1111.7

1112.6

1113.9

1111.7
1116.5
1114.6

3525.2
3526.8
3528.2
3529.2

3535.7
3536.0
3535.8
3535.0

3537.4
3536.6
3535.5
3530.4

4169.8
4171.3
4172.5
4174.5

4182.0
4183.2
4183.0
4183.9

4186.4
4183.1
4181.9
4184.2

1106.0
1108.2
1110.4
1112.7

1115.3
1117.1
1118.7
1121.3

1118.4
1118.8
1123.1
1124.8

3529.7
3531.5
3533.2
3535.1

3533.0
3533.9
3537.0
3541.6

3529.5
3540.3
3547.8
3548.6

4175.4
4177.4
4179.5
4182.2

4181.1
4182.1
4185.9
4190.3

4175.0
4187.3
4197.1
4201.6

OCT.

11
18
25
NOV.

1
8
15p
22p

1112.8

1112.1
1110.5

Not seasonally adjusted
1993-AUG.

30

1081.2

1086.8

1075.4

3511.1

3512.8

3493.0

4159.8

4162.5

4148.0

SEP.

6
13
20
27

1083.1
1085.5
1088.0
1089.5

1089.6
1093.6
1099.2
1099.0

1110.0
1111.5
1099.7
1074.7

3511.5
3512.8
3514.0
3515.0

3514.6
3518.9
3522.0
3520.6

3534.4
3543.3
3517.1
3487.4

4158.9
4159.2
4160.0
4161.0

4163.1
4166.3
4169.8
4166.6

4175.9
4190.2
4165.1
4135.3

4

1090.5
1092.1
1094.7
1097.1

1098.8
1099.9
1104.2
1109.4

1109.4
1115.6
1116.9
1095.7

3516.0
3516.7
3518.5
3519.9

3518.9
3518.4
3523.4
3529.0

3527.7
3541.2
3537.3
3509.6

4161.7
4162.5
4164.0
4166.2

4163.1
4161.6
4165.3
4172.1

4161.7
4184.3
4179.8
4162.6

1099.4
1101.9
1105.1
1108.4

1109.9
1114.0
1118.9
1125.0

1111.5
1132.0
1136.2

3520.9
3523.2
3526.3
3529.3

3527.8
3531.8
3539.0
3547.5

3523.0
3557.2
3566.0
3543.9

4167.1
4169.6
4172.6
4176.2

4173.7
4179.0
4188.1
4197.0

4167.9
4205.8
4216.1
4198.1

OCT.

11
18
25
NOV.

1
8
15p
22p

1120.1

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
Currency1

Date

At thrift
institutions5

Total

In M26

In M3 only7

312.3

259 . 1

96.8

355 .9

2509 .5

708.1

JULY
AUG.
SEP.

279.5
282 . 4
286.3

7.7
7.8

317.5
322.5
329.0

261.1
264.1
266.6

97.5
98.7

100.1

358.6
362 . 8
366.7

2499.9
2496.0
2489.0

705.5
706.4
702.7

OCT.
NOV.
DEC.

288.0
289.8
292 . 3

8.3

8.2
8.1

336.0
339 . 5
340.8

271.9
278.7
281.2

101.9
103.0
104.0

373.7
381.6
385.2

2484.0
2477.1
2468.3

688.1

1993-JAN.
FEB.
MAR.

294.8
296.9
299.0

8.0
8.0
8.0

341.9
341.8
341.9

283.5
283.2
284.0

105.2
103.2
102.4

388.6
386.4
386.3

2452.4
2441.0
2436.2

651.6
657.2
655.0

APR.
MAY
JUNE

301.4
304.0
306.8

347.2
359.1
360.5

283.2
290.8
292 . 1

103.1
104.6
105.7

386.2
395 .5
397 . 8

2430.3
2436.9
2437.8

663.6
662.2
654.2

JULY
AUG.
SEP.

309.6
312.6
316.4

365.7
370.7
376.4

294.7
295.8
297 .9

107.2
107.4
108.0

401.9
403.1
406.0

2431.3
2426.8
2426.2

646.1
644.2
644.1

OCT.

318.2

7.8

379.9

299 .7

110.5

410.2

2419.2

648.3

318.2

7.8

375.2

299 .5

109.9

409 . 3

2423.1

646.9

318.2
316.7
317.2
318.2

7.8
7.8
7.8
7.9

379.1
377.2
381.7
379 .3

298.3
299 .4
299 .8
300.7

109.2
109.9
108.5

407.5
410.1
409.8
409.2

2424.8
2424.8
2419.0
2415.8

649.0
646.6
646.4
653.8

319.5
319.1
319.3
320.5

7.9
7.9
8.3
8.7

383.1
382.8
386.6
385.6

299 .5
301.0
301.3
301.4

108.4
108.1
107.7
108.6

407.9
409.1
409.0
410.0

2411.1
2421.6
2424.6
2423.8

645.6
646.9
649.4
652.9

4

25
NOV.

1
8
15p
22p

e

At commercial
banks4

7.7

11
18

7.

Nontransactions components

Other checkable deposits

276.6

OCT.

4.
5.
6.

Demand deposits3

19 9 2 - J U N E

Week e n d i n g
1 9 9 3 - S E P . 27

1.
2.
3.

Travelers checks2

8.1

e
e
e

110.6

679.4
667.7

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.
estimated




p

preliminary

Page 5
H.6 (508)
Table 4 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Small-denomination time deposits2

Savings deposits1
Date

3.
4.
p

Institutiononly money
market funds

Large-denomination time deposits3
At
commercial
banks4

At
thrift
institutions

At
commercial
banks

At
thrift
institutions

1126.0

552.9

402.8

9 5 5 . .7

3 5 3 . .5

2 0 6 , .3

3 1 7 . .8

7 1 . .7

3 8 9 ,.4

415.0
418.2
421.7

1134.5
1145.7
1158.9

544.6
535.6
527.5

396.4
390.1
383.5

9 4 1 , .0
9 2 5 . .7
9 1 1 . .0

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

212 . 5
2 2 0 .9
2 2 0 .7

3 1 1 . .0
3 0 7 . .8
303 ..5

7 1 , .5
7 0 , .3
7 0 , .2

3 8 2 . .6
3 7 8 ,. 1
3 7 3 ,.6

746.1
752.5
756.1

424.4
427.9
429.9

1170.5
1180.4
1186.0

519.9
511.9
506.9

374.5
367.4
360.4

8 9 4 . .4
8 7 9 , .3
8 6 7 , .3

3 4 6 , .3
3 4 3 . .7
342 .3

2 1 0 .9
209 . 2
2 0 2 .3

2 9 6 . .4
2 9 1 . .6
2 8 8 .. 1

7 0 .2
68 . 6
67 . 5

3 6 6 ,.6
3 6 0 .2
3 5 5 .7

1993-JAN.
FEB.
MAR.

754.1
755.8
754.0

430.2
426.6
424.8

1184.4
1182.4
1178.8

502.6
504.0
501.8

355.7
349.1
346.2

858.3
853.1
848.1

340.0
333.2
332.7

197.7
201.9
200.9

281.1
278.1
273.2

67.4
65.9
65.0

348.5
344.0
338.1

APR.
MAY
JUNE

756.1
764.9
769.0

425.5
428.8
429.7

1181.6
1193.7
1198.8

497.1
492.9
488.7

344.0
341.5
338.0

841.1
834.4
826.8

331.5
336.4
336.2

200.4
202.8
198.1

278.0
278.8
276.0

65.2
64.3
63.8

343.2
343.1
339.8

JULY
AUG.
SEP.

769.5
773.9
777.2

430.6
431.2
431.6

1200.1
1205.1
1208.7

483.8
479.3
475.9

333.8
330.6
326.9

817.6
809 . 9
802.8

335.9
334.3
332.*4

195.0
193.3
194.1

271.6
272.2
270.6

63.6
63.2
63.1

335.2
335.4
333.8

OCT.

778.0

431.6

1209.6

472.0

323.5

795.5

333.0

196.6

271.4

63.1

334.5

7 7 6 , .0

4 3 2 . .4

1208 .4

4 7 4 . .7

3 2 5 . .8

800 .5

3 3 4 .. 1

1 9 4 .. 1

2 7 0 , .5

6 2 , .8

3 3 3 . .4

At
commercial
banks

At
thrift
institutions

1992-JUNE

713.3

412.7

JULY
AUG.
SEP.

719.5
727.6
737.2

OCT.
NOV.
DEC.

Week; e g g i n g
SEP. 27

1.
2.

General
purpose and
broker/dealer
money
market funds

Total

Total

Total

OCT.

4
11
18
25

7 7 6 , .0
7 7 9 , .0
7 7 8 , .3
7 7 6 , .3

4 3 2 . .7
4 3 1 . .3
4 3 1 . .2
4 3 1 . .3

1208
1210
1209
1207

.7
.3
.5
.6

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

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

799
797
795
793

.3
.4
.6
.8

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

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

2 7 0 , .6
2 7 3 , .4
2 7 2 , .2
2 7 0 . .5

63
63
63
63

.4
.0
.0
.0

3 3 4 . .0
3 3 6 . .4
3 3 5 . .2
3 3 3 , .5

NOV.

1
8
15p
22p

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

4 3 1 . .4
4 3 1 . .0
4 3 0 . .9
4 3 1 . .4

1210
1214
1215
1213

.3
.4
.6
.9

4 7 0 ,. 1
4 6 9 , .2
4 6 8 , .0
4 6 7 , .6

3 2 2 . .2
3 2 1 .. 1
3 2 0 . .4
3 2 0 . .4

792
790
788
788

.3
.2
.4
.0

3 3 3 .3
3 3 3 .6
3 3 4 . .5
3 4 0 .9

1 9 8 , .6
1 9 4 . .9
1 9 6 . .0
1 9 7 , .5

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

63
63
62
62

.1
.2
.9
.5

3 3 2 , .9
3 3 3 , .2
3 3 2 , .6
331 .1

Savings deposits include money market deposit accounts.
Small-denomination time deposits-—including retail FtPs—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

19 9 2 - J U N E

144.6

330.1

22.0

348.1

2930.3

8500.9

JULY
AUG.
SEP.

145.8
147.4
149.3

324.8
322.9
321.0

21.7
21.1
20.7

351.2
355.7
363 .4

2962.4
2992.4
3012.9

8527.2
8556.4
8580.6

OCT.
NOV.
DEC.

151.9
154.7
156.8

320.2
325.1
331.4

20.5
20.3
20.4

368.0
372.4
368.4

3015.3
3033.4
3068.4

8606.9
8630.7
8650.2

1993-JAN.
FEB.
MAR.

158.9
161.1
162.7

337.5
342.9
341.6

20.6
20.2
19.3

360.7
355.9
360.3

3078.7
3090.8
3121.1

8670.3
8683.0
8696.3

APR.
MAY
JUNE

163.9
164.8
165.7

340.7
347.1
349 .2

19.3
19.4
18.7

365.5
368.4
369.1

3148.9
3175.6
3207.9

8713.8
8734.4
8764.1

JULY
AUG.
SEP. p

166.8
167.8
168.8

349.7
349.3
329 .2

17.5
16.4
17.3

369.1
381.4
379.5

3227.8
3252.2
3271.2

8796.9
8823.8
8849.5

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.




Page 7

H.6 (508)
Table 5

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

Date

4.
5.
6.

7.

8.

9.

257.7

At commercial
banks4

At thrift
institutions5

6

Overnight RPs8

7

Overnight
Eurodollars9

Total

In M2

In M3 only

97.8

355 .5

2505.3

707 .9

52 . 7

19.8

277.2

CO
r-

3.

Demand
deposits3

19 9 2 - J U N E

311.3

JULY
AUG.
SEP.

280.8
282.9
284.6

8.2
8.4
8.5

317.7
319.8
326.1

257.7
260.8
264.0

98.2
98.4
99.6

355 .9
359 . 2
363 . 6

2498.0
2495.5
2483.8

702 .6
7 1 1 .7
703 .6

53 . 5
59 . 7
56 . 6

19.4
16.8
17.7

OCT.
NOV.
DEC.

287.0
290.0
295.0

8.4
7.9
7.8

336.7
343.9
355.2

268.1
277.0
284.0

100.8
102.7
103.7

368 .8
379 .7
387 .7

2483.3
2477.5
2463.4

683 .9
681 .8
665 .5

55 . 7
54 . 9
53 . 4

19.9
20.9
21.3

1993-JAN.
FEB.
MAR.

293.6
295.3
297.9

7.8
7.7
7.8

346.1
334.2
336.3

289 . 1
284.0
286.4

103.6
100.8
102.4

392 .7
384 .9
388 .8

2451.2
2445.9
2447.6

648 .5
660 .6
658 . 1

55 . 5
57 . 0
58 . 3

17.8
17.0
16.1

APR.
MAY
JUNE

301.4
304.4
307.4

7.8
7.9
8.2

350.6
352.0
359.4

291.9
287.5
290.6

106.6
105.6
106.9

3 9 8 , .5
3 9 3 . .2
3 9 7 ..5

2438.6
2430.6
2434.0

659 .2
6 6 4 , .3
6 5 3 ,.8

57 .9
5 6 ,. 5
5 9 ,. 8

14.7
13.5
13.7

JULY
AUG.
SEP.

311.0
312.8
314.8

8.4
8.4
8.2

365.4
367.3
372.9

290.8
292.1
295.0

108.0
107.1
107.4

3 9 8 . .8
3 9 9 ..2
4 0 2 . .4

2429.1
2426.0
2420.9

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

62 ..2
63 .. 6
6 6 .. 6

13.5
14.7
15.1

OCT.

317.3

8.0

380.8

295.6

109.2

4 0 4 . .8

2418.4

6 4 4 . .4

6 7 . .0

17.3

314.0

8.1

361.4

287.8

103.4

391. 2

2412.7

6 4 8 . ,0

6 7 . ,3

14.3

Week e n d i n g
1 9 9 3 - S E P . 27

2.

Nontransactions components

Other checkable deposits

Travelers
checks2

OCT.

4
11
18
25

316.2
318.6
317.1
316.5

8.1
8.0
8.0
7.9

380.2
380.4
386.5
373.1

295.4
297.7
295.8
291.9

109.6
110.9
109.5
106.3

404. 9
408 . 6
405. 4
398. 2

2418.3
2425.6
2420.4
2413.9

6 3 4 . ,0
6 4 3 ., 1
642. 5
653. 0

67.
65.
68.
68.

2
8
0
8

18.3
16.9
16.7
17.7

NOV.

1
8
15p
22p

316.2
320.2
319.6
319.6

7.8
7.7 e
8.1 e
8.4 e

384.0
388.5
395.5
385.1

294.4
302.4
301.1
298.1

109.1
113.2
112.0
108.9

403.
415.
413.
407.

2411.5
2425.2
2429.8
2423.7

644.
648.
650.
654.

8
7
0
3

65.
68.
71.
69.

2
6
3
0

17.3
18.2
17.4
16.6

5
6
1
0

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
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.
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).
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

e for
estimated
p
Digitized
FRASER


preliminary

Page8
H.6 (508)
Table 5 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Small-denomination time deposits2

Savings deposits1
Date

3.
4.
p

Institutiononly money
market funds

Large-denomination time deposits3
At
commercial
banks4

At
thrift
institutions

At
commercial
banks

At
thrift
institutions

Total

1130.5

551.0

401.4

952.4

349.9

202.4

319 ..4

72. 0

391.4

416.3
418.5
420.6

1138.2
1146.7
1156.0

544.7
535.8
528.1

396.4
390.2
384.0

941.1
926.0
912.1

345.8
346.2
341.4

209.0
220.6

216.6

3 1 0 . .7
309 .. 1
3 0 3 . .8

71. 4
70. 6
70. 3

382.1
379.7
374.1

744.4
751.9
752.3

423.4
427.5
427.8

1167.9
1179.4

1180.0

521.1
512.5
507.7

375.3
367.9
360.9

896.5
880.4
868.6

343.4
341.9
340.0

206.3
209.5
202.4

2 9 5 . .5
2 9 1 . .5
2 8 7 .. 1

70. 0
6 8 . ,6
67 .,3

365.5
360.1
354.3

1993-JAN.
FEB.
MAR.

749.5
753.1
757.5

427.6
425.1
426.8

1177.1
1178.3
1184.4

504.4
504.6
501.2

357.0
349.6
345.8

861.4
854.2
846.9

339.6
339.4
341.9

202.3
210.3
203.6

279 .2
277.7
274.0

66.9
65.8
65.2

346.1
343.5
339.2

APR.
MAY
JUNE

760.9
766.0
772.3

428.2
429.4
431.6

1189.1
1195.4
1203.9

495.9
490.6
486.9

343.2
339.9
336.8

839.1
830.5
823.6

337.7
334.7
333.0

199.5
203.0
194.3

277 .2
280.4
277.5

65.0
64.7
64.1

342.2
345.2
341.6

JULY
AUG.
SEP.

772.2
774.5
775.0

432.1
431.5
430.4

1204.3
1206.0
1205.4

483.8
479.4
476.6

333.7
330.7
327.4

817.5
810.1
804.0

331.7
331.5
329.8

191.8
193.3
190.7

271.2
2 7 3 .3
271.0

63.6
63.4
63.2

334.8
336.8
334.2

OCT.

776.1

430.5

1206.6

473.2

324.3

797.5

330.0

192.4

270.6

62.9

333.5

7 6 9 . .4

428.7

1198.1

4 7 5 . .6

326.4

801.9

3 3 1 . .0

1 8 9 . .6

2 6 9 ,.7

6 2 . .6

332.3

At
commercial
banks

At
thrift
institutions

1992-JUNE

716.1

414.3

JULY
AUG.
SEP.

721.9
728.2
735.4

OCT.
NOV.
DEC.

•SEP. 27

1.
2.

General
purpose and
broker/dealer
money
market funds

Total

Total

OCT.

4
11
18
25

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

430.5
431.8
430.9
429.4

1202.5
1211.7
1208.7
1202.1

4 7 5 . .3
4 7 4 . .7
4 7 3 . .5
4 7 2 . .2

326.4
325.4
324.2
323.3

801.7
800.1
797.7
795.5

3 2 8 . .6
3 3 1 .. 1
3 2 9 . .3
3 2 9 , .8

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

269 ,.6
2 7 3 , .3
2 7 1 .2
2 6 9 .4

63 ,.2
63 ,.0
6 2 , .7
6 2 , .7

332.8
336.3
333.9
332.2

NOV.

1
8
15p
22p

7 7 5 . .3
7 8 4 . .4
7 8 6 , .5
7 8 0 .4

429.4
431.6
431.9
430.3

1204.7
1216.0
1218.4
1210.6

4 7 0 . .9
4 7 0 , .0
4 6 9 , .0
4 6 7 , .9

322.7
321.6
321.1
320.6

793.6
791.6
790.1
788.5

3 3 0 , .8
3 3 0 , .8
3 3 2 , .6
3 3 8 .9

1 9 5 , .7
1 9 4 . .6
1 9 4 , .3
2 0 0 ,. 1

268
269
269
268

6 2 . .8
6 3 , .0
6 2 , .9
62 .6

331.5
332.5
332.3
331.4

.6
.4
.4
.8

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


http://fraser.stlouisfed.org/
•
e
Federal Reserve
Bank of St. Louis

•

*

#

#

#

#

#

•

#

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

Debt components6

Non-M3 Components of L

At commercial
banks

At thrift
institutions

Total

Term
Eurodollars2

1992-JUNE

55.3

21.1

76.4

51.9

144.9

321.4

21.7

348.8

2912.2

8484.0

JULY
AUG.
SEP.

53.6
55.7
57.9

21.5
20.2
19.7

75.1
75.8
77.6

51.1
51.4
49.4

146.0
147.4
149.2

315.9
319.2
322.6

21.6
20.9
20.2

349.3
349.9
363.2

2937.5
2970.3
2993.9

8509.8
8537.7
8566.5

OCT.
NOV.
DEC.

59.5
60.6

20.1
20.3
20.0

79.7
81.4
80.6

48.1
47.2
45.6

151.8
154.4
156.4

323.0
334.4
345.3

20.4
20.8
21.4

364.7
370.4
366.3

2998.1
3028.3
3069.8

8596.5
8623.9
8647.4

1993-JAN.
FEB.
MAR.

58.7
60.0
63.4

21.0
22.1

79.8

22.3

85.7

43.5
46.7
49.8

158.6
161.0
162.9

343 . 9
342.6
344.0

21.5
20.3
19.0

367.7
359.1
361.7

3076.2
3087.3
3121.4

8663.0
8664.3
8671.6

APR.
MAY
JUNE

65.9
66.5
70.1

22.9
23.2
22.6

88.8
89.8
92.8

48.7
48.7
45.5

164.2
165.2
166.1

335.2
336.8
340.2

18.8
19.1
18.5

369.9
366.8
369.7

3142.9
3161.1
3188.9

8692.7
8717.3
8748.9

JULY
AUG.
SEP.

72.9
72.3
71.8

23.6
24.0
24.4

96.4
96.3
96.2

41.9
43.8
44.3

167.0
167.8
168.7 p

340.2
345.3
330.8

17.4
16.2
16.8 p

367.1
374.8
379.7 p

3201.8
3229.4
3251.9 p

8781.5
8807.4
8836.7 p

OCT.

71.1

23.9

95.0

44.6

75.7

24.5

100.2

45.3

18
25

69.5
70.6
71.9
72.8

24.4
23.9
23.6
23.9

93.9
94.5
95.6
96.7

43.8
43.8
44.1
44.9

1
8
15p
22p

69.9
70.5
69.3
69.0

23.7
24.0
24.2
24.9

93.6
94.5
93.5
93.9

46.5
47.4
50.7
49.4

61.1

Week e n d i n g
1 9 9 3 - S E P . 27
OCT.

4

11

NOV.

82.1

Savings bonds

Short-term
Treasury
securities3

Bankers
acceptances4

Commercial
paper5

Federal debt

Non-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

1.
2.
3.




Page 10
H.6 (508)
Table 6

MEMORANDUM ITEMS

Billions of dollars, not seasonally adjusted

Foreign
commercial
banks

Foreign
official
institutions

19 92-JUNE

8.2

1.5

7.7

5.2

6.7

19.9

31.8

2.6

147.9

JULY
AUG.
SEP.

8.6
7.9
8.5

1.6
1.5
1.7

7.9
7.9
7.8

3.7
3.9
5.4

5.9
5.7
10.6

15.9
18.5
23.2

25.5
28.0
39.2

2.5
2.5
2.5

OCT.
NOV.
DEC.

8.5
8.4
9.0

1.7
1.6
1.6

8.1
8.9
9.6

4.2
4.1
5.2

5.8
5.5
6.0

17.7
12.4
14.3

27.7
21.9
25.5

1993-JAN.
FEB.
MAR.

8.7
8.7
8.3

1.4
1.5
1.6

10.1
10.3
10.5

6.1
4.3
4.2

7.7
5.9
5.4

27.0
25.2
13.2

APR.
MAY
JUNE

7.7
8.1
8.0

1.6
1.5
1.5

10.6
10.6
10.6

5.8
4.2
5.4

6.2
5.8
8.1

JULY
AUG.
SEP.

8.3
7.9
8.3

1.6
1.5
1.5

10.6
10.6
10.6

4.2
3.8
5.5

OCT.

8.0

1.5

10.6

8.6

1.4

8.4
7.7
8.1
8.1
8.1
7.9
8.2
7.8

Date

Week e n d i n g
1 9 9 3 - S E P . 27
OCT.

4

11
18
25
NOV.

1
8
15p
22p

e
p

IRA and Keogh Accounts

U.S. government deposits

Time and
savings
deposits due
to foreign
banks and
official
institutions

Demand deposits
at banks due to

estimated
preliminary




Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

Note
balances at
depository
institutions

Total
cash
balance

Time and
savings

At
commercial
banks

S5l

Total

129.0

43.1

320.1

147.6
147.5
147.6

128.3
127.0
126.7

43.1
43.2
43.0

319.0
317.6
317.2

2.5
2.7
2.6

147.6
147.2
147.2

126.2
125.6
124.9

44.6
46.2
45.4

318.4
318.9
317.4

40.8
35.4
22.8

2.0
2.5
2.4

147.2
146.9
147.7

123.7
122.5
121.0

44.6
45.6
45.6

315.5
315.0
314.2

14.5
16.1
21.1

26.5
26.1
34.6

1.5
2.6
3.0

148.0
146.9
146.5

119.7 e
119.5 e
118.1 e

45.4 e
45.2 e
44.9 e

313.1 e
311.6 e
309.5 e

6.9
5.7
9.3

21.4
20.0
23.2

32.5
29.5
37.9

2.8
3.1
2.8

146.4
146.1
145.8

116.9 e
115.8 e
115.3 e

44.7 e
44.6 e
44.5 e

307.9 e
306.5 e
305.5 e

4.5

5.9

12.6

23.1

2.7

145.2

115.4 e

44.7 e

305.2 e

10.6

4.1

14.4

35.7

54.2

2.8

1.4
1.4
1.5
1.6

10.6
10.6
10.6
10.6

5.2
3.4
5.9
3.4

9.0
5.7
5.5
5.3

25.2
11.5
6.5
11.9

39.4
20.5
17.8
20.7

2.4
2.7
2.7
2.7

1.7
1.8
2.3
1.5

10.6
10.6
10.6
10.6

4.6
3.4
4.5
3.6

5.5
5.4
5.4
6.1

13.6
6.9
9.2
7.6

23.7
15.8
19.1
17.3

2.7
2.7
2.7
2.8

commercial
banks

. ««

institutions

funds