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EDERAL RESERVE statistical release

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 3 0 , 1 9 9 3

M11

M22

M33

L4

DEBT5

Seasonally adjusted

^
m
W

1991-DEC.

899 . 3

3445.8

4168.1

4982.3

11145.5

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

11189.9
11235.0
11284.9
11335.6
11381.7
11434.8
11494.1
11553.4
11597.8
11625.7
11665.6
11721.1

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

1033.2
1033.0
1035.2
1043.0
1066.7
1073.1
1085.0
1094.1
1106.5
1116.1
1125.7

3485.6
3474.0
3471.5
3473.2
3503.5
3510.8
3516.3
3521.1
3533.0
3535.2
3548.0

4137.3
4131.3
4126.5
4136.8
4165.7
4165.0
4162.4
4165.6
4179.0
4186.4
4201.1

5015.0
5011.3
5010.4
5026.2
5065.4
5067.7
5064.3
5077.0
5066.6
5078.8 p

11757.8
11781.6
11821.3
11867.4
11912.7
11976.1
12033.4
12088.3
12141.6
12178.9 p

Not seasonally adjusted

#

19 91-DEC.

916.4

3457.9

4178.1

5004.2

11144.6

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

11177.9
11208.1
11256.9
11306.9
11348.5
11399.9
11451.8
11512.5
11564.7
11598.9
11656.8
11722.0

19 9 3 - J A N .
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.

1040.2
1022.2
1030.7
1058.2
1057.5
1072.5
1083.7
1087.7
1098.2
1110.9
1128.4

3491.4
3468.0
3478.3
3496.7
3488.0
3506.4
3512.8
3513.9
3519.4
3529.2
3551.3

4139 .
4128.
4136.
4155.
4152.
4160.
4155.9
4163.5
4166.3
4176.5
4207.1

5031.6
5011.6
5024.0
5044.0
5040.2
5054.6
5046.3
5064.1
5055.3
5068.0 p

11744.2
11756.5
11797.6
11840.2
11881.7
11942.7
11994.1
12051.7
12109.9
12151.9 p

ootnotes appear on the following page
p

preliminary




Page 2
H.6 (508)
Table 2

MONEY STOCK AND DEBT MEASURES

Percent change at seasonally adjusted annual rates
M1

M2

M3

DEBT1

3 M o n t h s f r o m AUG. 1993 TO NOV. 1 9 9 3

11.6

3.1

3.4

4.8

6 M o n t h s f r o m MAY

1993 t o NOV. 1 9 9 3

11.1

2.5

1.7

5.2

12 M o n t h s f r o m NOV. 1992 TO NOV. 1 9 9 3

10.5

1.5

0.6

4.8

T h i r t e e n w e e k s e n d i n g DECEMBER 2 0 , 19 93
f r o m t h i r t e e n weeks e n d i n g :
SEP. 2 0 , 1 9 9 3 (13 w e e k s p r e v i o u s )

10.7

2.6

2.9

1

JUNE 2 1 ,

19 9 3 (26 w e e k s p r e v i o u s )

12.0

2.9

2.1

DEC. 2 1 ,

1992

10.6

1.4

0.5

(52 w e e k s p r e v i o u s )

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, July 1993 to October 1993, April 1993 to October 1993,
393 respectively.
' '
and October 1992 to October 1993,

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.
. u ,
.
.
,,, 0
4
0
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. Excludes individual retirement account (IRA) and
Keoqh balances at depository institutions and money market funds. 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 this 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 held 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, short-term Treasury securities, commercial paper and bankers acceptances, net of money market
mutual fund holdings of these assets.
.
. . .
. .
.
n • .
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

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

1094.3

1106.9

1110.5

3522.7

3533.9

3533.8

4168.2

4179.0

4182.7

4
11
18
25

1097.0
1099.2
1101.7
1103.9

1109.5
1111.7
1112.8
1113.8

1112.6
1111.7
1116.5
1114.5

3525.4
3526.9
3528.3
3529.3

3535.9
3536.1
3535.8
3534.9

3537.1
3536.7
3535.5
3530.3

4170.8
4172.6
4174.0
4176.2

4184.4
4185.8
4185.7
4186.7

4189.1
4186.1
4184.9
4186.8

1
8
15
22
29

1106.0
1108.2
1110.4
1112.6
1114.9

1115.3
1117.1
1118.7
1121.1
1123.2

1118.4
1118.8
1123.0
1124.3
1126.8

3529.8
3531.6
3533.2
3535.1
3537.4

3532.9
3533.8
3536.7
3541.0
3545.7

3529.1
3540.1
3547.1
3547.8
3547.6

4177.2
4179.5
4181.7
4184.5
4187.5

4184.0
4184.9
4188.5
4192.7
4199.0

4178.0
4189.8
4199.4
4203.5
4203.4

6
13p
2 Op

1117.0
1119.0
1120.8

1125.7
1127.1
1130.1

1128.8
1128.5
1136.3

3539.7
3541.5
3543.3

3550.3
3553.3
3556.3

3558.8
3558.9
3560.0

4190.7
4193.7
4196.3

4204.0
4209.1
4212.9

4209.7
4219.8
4218.5

1 9 9 3 - S E P . 27
OCT.

NOV.

DEC.

M3

M2

M1

Not seasonally adjusted
1089.5

1099.0

1074.7

3515.1

3520.9

3487.6

4161.8

4168.7

4137.5

1090.5
1092.1
1094.7
1097.1

1098.8
1099.9
1104.2
1109.4

1109.4
1115.6
1116.9
1095.7

3516.1
3516.8
3518.7
3520.0

3519.1
3518.5
3523.5
3528.9

3527.4
3541.4
3537.4
3509.5

4162.7
4163.8
4165.4
4167.9

4165.5
4164.2
4168.0
4174.9

4164.4
4187.3
4182.8
4165.2

15
22
29

1099.4
1102.0
1105.1
1108.3
1112.0

1110.0
1114.1
1118.9
1124.8
1127.9

1111.6
1132.0
1136.1
1119.6
1123.7

3521.1
3523.3
3526.3
3529.3
3532.7

3527.8
3531.6
3538.6
3547.0
3550.8

3522.7
3556.9
3565.4
3543.0
3538.0

4169.0
4171.7
4174.8
4178.5
4182.6

4176.5
4181.8
4190.7
4199.4
4207.1

4170.8
4208.4
4218.3
4200.1
4201.5

6
13p
2 Op

1115.0
1117.7
1121.7

1132.0
1134.7
1142.6

1148.6
1146.9
1151.2

3536.3
3539.1
3543.1

3556.8
3560.6
3567.2

3580.6
3580.9
3569.3

4186.7
4190.8
4195.1

4212.8
4219.5
4225.4

4231.3
4244.9
4224.0

19 9 3 - S E P . 27
OCT.

4
11

18
25
NOV.

1
8

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

4
5.
6.
7

Demand deposits 3

At commercial
banks 4

At thrift
institutions5

Total

In M26

In M3 only7

19 9 2-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
679.4
667.7

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

8.1
8.2
8.0

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
2436.8
2437.7

663.6
662.2
654.2

JULY
AUG.
SEP.

309.6
312.6
316.4

7.9
7.8
7.8

365.6
370.7
376.4

294.7
295.8
297.9

107.2
107.4
108.0

401.9
403.1
405.9

2431.3
2426.9
2426.5

646.1
644.5
646.0

OCT.
NOV.

318.2
319.9

7.9
8.0

379.9
385.2

299.7
301.4

110.5
111.2

410.2
412.7

2419.1
2422.3

651.2
653.1

25

318.2

7 . .9

379.3

300.6

108.5

409.2

2415.8

656.5

NOV.

1
8
15
22
29

319 . 5
319 . 1
319 . 3
320.5
321.2

7 . .9
7, .9
7 . .9
8 .0
8,.0

383 . 1
382.7
386.8
385.6
385.7

299.5
301.0
301.3
301.4
302.0

108.4
108.1
107.7
108.7
109 .9

407.9
409.1
409.0
410.2
411.9

2410.7
2421.3
2424.1
2423.5
2420.8

648.9
649.7
652 .2
655.7
655.8

DEC.

6
13p
2 Op

320.8
320 . 6
321.3

8 .0
8 .0 e
7 .9 e

384.9
381.9
386.2

303.7
304.1
304.4

111.4
114.0
116.5

415.1
418.1
420.8

2430.0
2430.4
2423.8

650.9
660.9
658.5

Week e n d i n g

1.
2
3*

Travelers checks 2

8.1

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.
, i .
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.
.
,v ,
,u
,
-u*nD
v
4
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.
es




p

preliminary

Page 5

H.6 (508)
Table 4 - continued

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

350.4
348.9
343.9

212.5
220.9
220.7

At
thrift
institutions
71.5
70.3
70.2

1134.5
1145.7
1158.9

424.4
427.9
429.9

1170.5
1180.4
1186.0

519.9
511.9
506.9

374.5
367.4
360.4

894, .4
879. .3
867. .3

346.3
343.7
342.3

210.9
209.2
202.3

296.4
291.6
288.1

70.2
68.6
67.5

366.6
360.2
355.7

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

8 5 8 . .3
8 5 3 ., 1
8 4 8 .. 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
341.4
337.9

841, . 1
8 3 4 . .2
826. .6

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
431.5

1200.1
1205.1
1208.7

483.8
479.3
475.9

333.7
330.8
327.6

817. .6
810. . 1
803. .4

335.9
334.2
332.4

195.0
193.3
194.1

271.6
272.2
270.5

63.6
63.2
63.1

335.2
335.4
333.6

OCT.
NOV.

778.0
783.3

431.6
431.3

1209.6
1214.6

472.0
467.6

323.8
320.7

7 9 5 . .8
788, .2

332.9
336.4

196.6
196.7

271.2
269.6

63.1
62.8

334.2
332.4

776.3

431.3

1207.6

471.1

322.9

794 .0

332.7

200.0

270.2

63.0

333.2

At
thrift
institutions
415.0
418.2
421.7

OCT.
NOV.
DEC.

746.1
752.5
756.1

1993-JAN.
FEB.
MAR.

1993-OCT. 25

p

941. 0
925. 7
9 1 1 . ,0

At
commercial
banks 4
311.0
307.8
303.5

Large-denomination time deposits 3

At
thrift
institutions
396.4
390.1
383.5

At
commercial
banks
719.5
727.6
737.2

1992-JULY
AUG.
SEP.

3
4'

Institutiononly money
market funds

At
commercial
banks
544.6
535.6
527.5

Date

1.
2.

General
purpose and
broker/dealer
money
market funds

Small-denomination time deposits 2

Savings deposits 1
Total

Total

Total
382.6
378.1
373.6

NOV.

1
8
15
22
29

778.9
783.4
784.7
782.6
782.7

431.3
431.0
430.9
431.6
431.7

1210.3
1214.4
1215.6
1214.2
1214.3

469.9
468.9
467.7
467.3
466.3

322.4
321.5
320.7
320.5
319.8

792
790
788
787
786

.3
.4
.4
.9
.0

333.0
333.2
334.0
340.3
338.5

198.6
194.9
196.0
197.5
198.4

269.5
269.7
269.3
268.3
271.3

63.1
63.2
62.9
62.5
62.5

332.6
332.8
332.2
330.8
333.8

DEC.

6
13p
2 Op

786.4
789.1
785.4

431.3
430.5
432.3

1217.6
1219.6
1217.7

467.0
466.7
465.5

317.7
316.6
316.0

784 .7
783 . 2
781 .5

337.9
340.8
339.6

192.7
200.8
196.7

270.7
270.2
269.4

61.8
61.0
60.7

332.4
331.2
330.1

Savings deposits include money market deposit accounts.
. .
.
,
,
iiMni
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.
, . _i * • *
,,
4.
Larqe-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.
j

•

preliminary


http://fraser.stlouisfed.org/
Federal Reserve
Bank of St. Louis
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Page 6
H.6 (508)
Table 4 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Debt components 4

Non-M3 Components of L
Date
Savings bonds

Short-term Treasury
securities 1

Bankers acceptances 2

Commercial paper3

Federal debt

Non-Federal debt

19 9 2-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

8531.7
8561.0
8584.9

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

8610.4
8632.2
8652.7

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

8679.1
8690.8
8700.1

APR.
MAY
JUNE

163.9
164.8
165.7

340.7
347.1
349.1

19.3
19.4
18.7

365.5
368.4
369.1

3149.0
3175.8
3208.1

8718.5
8736.9
8768.0

JULY
AUG.
SEP.

166.8
167.8
168.8

348.5
345.7
323.5

17.5
16.4
15.9

369.1
381.4
379.5

3227.6
3251.1
3270.4

8805.9
8837.3
8871.2

OCT. p

169.8

318.9

15.5

388.1

3266.3

8912.7

1.

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

2.
3.
4.

Net of b a n k e r ^ a c c e p ^ c M heW 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.
..
...
v
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

•




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Page 7
H.6 (508)
Table 5

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

Date

1.
3.
4.
5.
6.
7.
8.
8.

9.

Demand
deposits 3

Nontransactions components

Other checkable deposits
At commercial
banks 4

At thrift
institutions5

6

Total

In M2

In M3 only

Overnight RPs 8

7

Overnight
Eurodollars9

1992-JULY
AUG.
SEP.

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

8.2
8.4
8.5

3 1 7 . .7
3 1 9 . .8
3 2 6 .. 1

257.7
260.8
264.0

98.2
98.4
99.6

3 5 5 . .9
3 5 9 . ,2
3 6 3 . .6

2498.0
2495.5
2483.8

702.6
711.7
703.6

53.5
59.7
56.6

19.4
16.8
17.7

OCT.
NOV.
DEC.

2 8 7 . .0
2 9 0 . .0
2 9 5 . .0

8.4
7.9
7.8

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

268.1
277.0
284.0

100.8
102.7
103.7

368.8
3 7 9 . .7
3 8 7 . .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.

2 9 3 . .6
295.3
297 ..9

7.8
7.7
7.8

3 4 6 .. 1
334.2
3 3 6 . .3

289.1
284.0
286.4

103.6
100.8
102.4

3 9 2 . .7
3 8 4 . .9
3 8 8 . .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.
HAY
JUNE

3 0 1 . .4
3 0 4 . .4
3 0 7 . .4

7.8
7.9
8.2

3 5 0 . ,6
3 5 2 . .0
3 5 9 . .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
2430.5
2433.9

659.2
664.3
653.8

57.9
56.5
59.8

14.7
13.5
13.7

JULY
AUG.
SEP.

3 1 1 . .0
3 1 2 . .8
3 1 4 . .8

8.4
8.4
8.2

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

290.8
292.1
295.0

108.0
107.1
107.4

3 9 8 . .8
3 9 9 . .2
402, .4

2429.1
2426.1
2421.1

643.1
649.6
646.9

62.2
63.6
66.5

13.5
14.7
14.9

OCT.
NOV.

3 1 7 . .3
319 ..8

8.0
7.7

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

295.5
299.6

109.2
110.9

404, .8
410, .5

2418.4
2422.9

647.3
655.7

66.7
67.9

17.3
17.7

3 1 6 , .5

7.9

373 .0

291.9

106.3

398 .2

2413.8

655.7

68.6

17.8

Week e n d l n a
1993-OCT. 2 5

2.

Travelers
checks 2

NOV.

1
8
15
22
29

3 1 6 , .2
320 .2
319 .6
319 .6
3 2 0 .6

7.9
7.8
7.7
7.7
7.6

384
388
395
385
390

.0
.4
.7
.2
.3

294.4
302.4
301.1
298.2
296.4

109.1
113.2
112.1
109.0
108.8

403 . 5
415 .6
413 . 1
407.2
405 .2

2411.1
2424.9
2429.3
2423.4
2414.3

648.2
651.4
652.9
657.1
663.5

64.8
68.3
71.1
68.8
63.0

17.6
18.4
17.6
16.9
17.7

DEC.

6
13p
2 Op

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

7.6
7.6 e
7.6 e

397 .7
397 . 3
401 .1

306.5
305.8
306.4

114.9
113.2
110.9

421 .4
419 .0
417.3

2432.0
2434.1
2418.1

650.6
664.0
654.7

73.6
70.7
68.1

18.0
17.7
18.3

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.
L
Sum of overnight RRs 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 RRs and
Eurodollars held by institution-only money market mutual funds.
t
Consists
Consists of
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?.
Issij^ttV
I s s ^ H ^ I foreign branches of U.S. banks worldwide to U.S. residents other than ^ ^ o r y institutions and money market mutual funds (general purpose and b ^ ^ d e a l e r ) .
p preliminary
est^^H




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

p

At
commercial

At
thrift

Total

Large-denomination time deposits 3

At
thrift

Total

At
commercial

At
thrift

Total

19 9 2-JULY
AUG.
SEP.

7 2 1 . .9
7 2 8 , .2
7 3 5 . .4

416.3
418.5
420.6

1138 .2
1146, .7
1156 .0

544 .7
535 . 8
528 . 1

3 9 6 . .4
3 9 0 . .2
3 8 4 . .0

941 . 1
926 .0
912 . 1

345.8
346.2
341.4

2 0 9 , .0
2 2 0 , .6
2 1 6 . .6

310.7
309.1
303.8

71.4
70.6
70.3

382.1
379.7
374.1

OCT.
NOV.
DEC.

7 4 4 . .4
7 5 1 . .9
7 5 2 . .3

423.4
427.5
427.8

1167, .9
1179, .4
1180 .0

521 .1
512 . 5
507 .7

375. .3
3 6 7 . .9
3 6 0 . .9

896 . 5
880 .4
868 .6

343.4
341.9
340.0

206 .3
2 0 9 . .5
2 0 2 . .4

295.5
291.5
287.1

70.0
68.6
67.3

365.5
360.1
354.3

1993-JAN.
FEB.
MAR.

7 4 9 . .5
7 5 3 ,. 1
7 5 7 . .5

427.6
425.1
426.8

1177 . 1
1178 .3
1184 .4

504 .4
504 .6
5 0 1 .2

3 5 7 . .0
3 4 9 . .6
3 4 5 .. 8

8 6 1 .4
854 .2
846 .9

339.6
339 . 4
341.9

2 0 2 . .3
2 1 0 . .3
2 0 3 .6

279.2
277.7
274.0

66.9
65.8
65.2

346.1
343.5
339.2

APR.
MAY
JUNE

7 6 0 . .9
7 6 6 .0
7 7 2 . .3

428.2
429.4
431.6

1189 . 1
1195 .4
1203 .9

4 9 5 .9
490 . 6
486 .9

3 4 3 . .2
3 3 9 .. 8
336 .6

839 . 1
830 . 4
823 . 5

337.7
334.7
333.0

1 9 9 . .5
2 0 3 .0
194 .3

277.2
280.4
277.5

65.0
64.7
64.1

342.2
345.2
341.6

JULY
AUG.
SEP.

7 7 2 . .2
7 7 4 . .5
7 7 5 . .0

432.1
431.5
430.4

1204 .3
1206 .0
1205 .4

483 .8
479 . 4
476 . 6

3 3 3 , .7
3 3 0 .9
328 .0

817 . 5
810 . 3
804 . 6

331.7
331.5
329.7

1 9 1 .8
193 .3
190 .7

271.2
273.3
270.9

63.6
63.4
63.2

334.8
336.8
334.1

OCT.
NOV.

7 7 6 .. 1
782 ,.5

430.5
430.8

1206 .6
1213 .3

473 .2
468 . 3

3 2 4 , .6
321 .1

797 . 8
789 . 4

329.9
334.6

192 .4
197 . 1

270.3
269.4

62.9
62.7

333.2
332.2

7 7 2 . .7

429.3

1202 . 1

472 . 1

3 2 3 .6

795 .7

329.7

199 .3

269.1

62.7

331.9

322
322
321
320
320

793
791
790
788
787

.6
.7
.1
.3
.4

330.5
330.4
332.1
338.4
337.8

195
194
194
200
199

.7
.6
.3
.1
.9

268.3
269.1
269.1
268.6
271.2

62.8
63.0
62.9
62.5
62.5

331.2
332.2
332.0
331.1
333.7

786 . 4
784 . 8
783 . 1

337.2
341.0
338.8

195 .0
204 .3
200 .0

270.3
270.2
268.3

61.7
61.0
60.5

331.9
331.2
328.8

1 9 9 3 - O C T . 25

3.
4.

Institutiononly money
market funds

At
commercial

Date

1.
2.

General
purpose and
broker/dealer
money
market funds

.6
.0
.4
.0
.4

NOV.

1
8
15
22
29

7 7 5 , .3
7 8 4 .4
7 8 6 .5
7 8 0 .5
7 7 8 . .9

429.3
431.6
431.8
430.5
429.6

1204
1216
1218
1211
1208

DEC.

6
13p
2 Op

7 8 5 .9
789 .2
7 8 0 .4

431.0
430.6
429.5

1216 . 8
1219 . 8
1209 .9

470
469
468
467
467

.7
.7
.7
.6
.1

468 . 0
467 . 6
466 . 5

.9
.0
.4
.7
.3

318 . 3
317 . 2
316 .6

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 9
H.6 (508)
Table 5 - continued

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

At commercial
banks

At thrift
institutions

Total

Term
Eurodollars2

Savings bonds

Short-term
Treasury,
securities 3

Bankers
acceptances 4

Commercial
paper5

1992-JULY
AUG.
SEP.

5 3 . .6
5 5 , .7
5 7 . .9

21.5
20.2
19.7

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

51.1
51.4
49.4

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

3 1 5 . .9
319. 2
3 2 2 . .6

21.6
2 0 , .9
2 0 , .2

349. 3
349. 9
363. 2

2937. 5
2 9 7 0 . .3
2 9 9 3 . .9

8 5 1 4 . .4
8542, 2
8 5 7 0 . .8

OCT.
NOV.
DEC.

5 9 . .5
6 1 .. 1
6 0 . .6

20.1
20.3
20.0

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

48.1
47.2
45.6

1 5 1 . .8
1 5 4 . .4
1 5 6 . .4

3 2 3 . .0
3 3 4 . .4
3 4 5 . .3

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

3 6 4 . .7
370.4
3 6 6 . .3

2 9 9 8 ,. 1
3 0 2 8 , .3
3 0 6 9 . .8

8 6 0 0 . .8
8 6 2 8 , .5
8 6 5 2 , .2

19 9 3 - J A N .
FEB.
MAR.

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

21.0
22.1
22.3

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

43.5
46.7
49.8

1 5 8 . .6
161. .0
162. .9

3 4 3 , .9
3 4 2 , .6
3 4 4 . .0

2 1 . .5
2 0 . .3
19. .0

3 6 7 . .7
3 5 9 .. 1
3 6 1 . .7

3 0 7 6 . .2
3 0 8 7 . .3
3 1 2 1 . .4

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

APR.
MAY
JUNE

6 5 . .9
6 6 . .5
7 0 .. 1

22.9
23.2
22.6

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

48.7
48.7
45.5

164 .2
165 . 2
166 . 1

3 3 5 . .2
3 3 6 . .8
3 4 0 . .2

18. . 8
19 . 1
18 . 5

3 6 9 . .9
3 6 6 .. 8
369 .7

3 1 4 2 . .9
3 1 6 1 .. 1
3 1 8 8 . .9

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

JULY
AUG.
SEP.

7 2 . .9
72 ,.3
72 .0

23.6
24.0
24.4

9 6 . .4
9 6 . .3
96, .3

41.9
44.1
45.6

167 . 0
167 . 8
168 . 7

339. .0
3 4 1 .7
325 .2

17 .4
16 . 2
15 . 4

367 . 1
374 . 8
379 .7

3201 .8
3229 . 4
3 2 5 1 .9

8792 . 4
8822 . 3
8857 . 9

OCT.
NOV.

7 1 .2
70 .0

23.9
24.5

95 . 1
94 .6

46.5
51.5

169 . 6 p

3 2 1 .6 p

15 . 4 p

3 8 4 .9 P

3249 . 4 p

8902 . 5 p

72 .9

23.9

96 . 8

46.7

Date

1993-OCT. 2 5

1.
2

Debt components 6

Non-M3 Components of L

Term RPs 1

NOV.

1
8
15
22
29

70
70
69
69
71

.0
.5
.4
.3
.3

23.7
24.0
24.2
24.9
24.9

93
94
93
94
96

.7
.6
.6
.2
.1

48.4
49.3
52.5
51.2
53.6

DEC.

6
13p
2 Op

67 .9
71 .3
70 . 0

25.4
24.6
24.7

93 . 3
95 . 9
94.7

49.4
49.8
49.6

Federal debt

Non-Federal
debt

3.

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

4
5.
6.

Netof''bankers^ccepfan^
accepting banks, Federal Reserve Banks, foreign official institutions, Federal Home Loan Banks, and money market mutual funds, j
Total commercial paper less commercial paper held by money market mutual funds.
.. ...
e
Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities.

p

preligmary




Page 10
H.6 (508)
Table 6

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

Foreign
official
institutions

1992-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

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

1993-JAN.
FEB.
MAR.

8.7
8.7
8.3

1.4
1.5
1.6

10.. 1
10..3
10..5

APR.
HAY
JUNE

7.7
8.1
8.0

1.6
1.5
1.5

JULY
AUG.
SEP.

8.3
7.9
8.3

OCT.
NOV.

Date

1993-OCT. 25

e
p

U.S. government deposits

Time and
savings
deposits due
to foreign
banks and
official
institutions

IRA and Keogh Accounts

Total
cash
balance

Time and
savings
deposits at
commercial
banks

At
commercial
banks

15.9
18.5
23.2

25 .5
28,.0
39,.2

2 .5
2,.5
2 .5

147,.6
147,.5
147..6

5 .8
5 .5
6..0

17.7
12.4
14.3

27,.7
21..9
25,.5

2 .5
2,.7
2 .6

6.. 1
4..3
4..2

7..7
5..9
5..4

27.0
25.2
13.2

40..8
35..4
22..8

10..6
10..6
10..6

5..8
4..2
5..4

6..2
5..8
8.. 1

14.5
16.1
21.1

1.6
1.5
1.5

10..6
10..6
10..6

4..2
3..8
5..5

6..9
5..7
9..3

8.0
8.0

1.5
1.8

10..6
10..6

4..5
4.. 1

8.1

1.6

10..6

Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

Note
balances at
depository
institutions

At
money
market
funds

Total

128.3
127.0
126.7

43,. 1
43..2
43..0

319.0
317.6
317.2

147,.6
147..2
147..2

126.2
125.6
124.9

44,.6
46..2
45..4

318.4
318.9
317.4

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

26..5
26.. 1
34..6

1..5
2..6
3..0

148..0
146..9
146..5

119.7 e
119.6 e
118.3 e

45..4 e
45..2 e
44..9 e

313.1 e
3111.7 e
309.6 e

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
115.6 e
114.7 e

44..7 e
44..7 e
44..6 e

307.9 e
306.3 e
305.0 e

5..9
5..6

12.6
8.8

23.. 1
18..4

2..7
2..7

145..2
144..9

115.1 e
115.4 e

44..8 e
45..4 e

305.0 e
305.7 e

3..4

5..3

11.9

20..7

2..7

NOV.

1
8
15
22
29

8.1
7.9
8.2
7.8
8.1

1.7
1.8
2.3
1.5
1.7

10..6
10..6
10..6
10..6
10..6

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

5..5
5..4
5..4
6.. 1
5..4

13.6
6.9
9.2
7.6
10.4

23..7
15..8
19.. 1
17..3
20..0

2..7
2..7
2..7
2.,8
2..8

DEC.

6
13p
2 Op

8.6
8.0
9.0

1.6
1.5
1.6

10..6
10..6
10..6

4..3
3..6
8..6

5..0
4..7
7..3

12.0
1.3
13.9

21..3
9..6
29..8

2..7
2.,7
2..6

estimated
preliminary




At
thrift
institutions