Full text of H.6 Money Stock Measures : December 30, 1993
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
€ 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 • • • j • • • • • i i # ^ i 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 • ft a i e • e i • i i • e 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