Full text of H.6 Money Stock Measures : December 5, 1985

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FEDERAL RESERVE statistical release
H.6JS08)

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASUfigS

DlCIBBBfi

Billions ol dollars
M1
Sum of currency,
travelers checks,
demand deposits and
otter checkable depoeits1

Date

M2
M3
M1 plua overnight RPs
M2plus
and Eurodollars,
wrge ttma depoeits,
MMMF balancaa (gen. pur. term APs, tarm Eurodollart
and tnatltutton-only
and broker/dealer). MMDAs,
MMMF balances'
and savings and small
1
Mma daposits
SeeaonaHy adjusted

5,

I

Debt

• M3 pfu* other
Mquid aeeet*4

Debt of domestic
fionftnancial sectors*

1984—OCT.
MOV.
DSC

548.3
553.8
558.5

2319.3
2346.3
2371.7

2925.1
2959.9
2995.0

3473.5
3501.8
3539.4

5773.9
5851.0
5927.1

1985—JAB.
FSB.
HAR.
APR.
MAY
JONE
JOLI
AUG.
SEPT.
OCT.

562.7
569.4
572.1
574.9
581.6
591.2
595.8
605.9
611.9
611.1

2398.9
2,421.0
2429.6
2427.7
2444.9
2472.9
2490.6
2514.0
2528.8
2533.3

3020.5
3041.0
3055.9
3056.6
3076.0
3102.9
3115.3
3140.5
3166.9
3177.2

3562.0
3593.4
3621.2
3623.1
3640.2
3669.0
3487.2
3725.8
3756.6

5993.9
6049.7
610 J . I
6163.4
6225.2
6287.3
6361.1
6412.3
646to.0

84—OCT.
NOV.
DEC

548.2
555.9
570.4

2316.6
2344.4
2376.7

2920.6
2960.4
3002,2

3469.0
3502.2
3540.9

5760.8
5637.6
5921.0

1985—JAN.
FEB.
HAfi.
APH.
BAT
JOHE
JOLI
AUG.
SEPT.

568.3
558.6
564.9
581.6
576.2
592.2
599.1
601.5
608.6
611.0

2404.2
2414.5
2429.9
2439.6
2441.0
2476.6
2496.6
2507.3
2517.4
2530.0

3024.3
3034.3
3057. 6
3068.5
3073.9
3105.6
3117.5
3135-3
3155.1
3171.7

3566.8
3589.9
3627.5
3637.3
3635.1
3672.3
3689.2
3718.0
3740.0

5*85.9
6028. 1
6075.6
6135.0
619O-.3
6262.4
6327.8
6390.2
6447.U

Not seasonally adjusted

OCT.

Ml
For period ended
13-week average

1985-OCT.

7
14
21
28

•OT.

4
11

18 P
25 P

IOTB:

Seasonally adjusted
4-week average

Not eeasonaHy adjusted

week average

week average

13-week average

605.7
606.8
608.2
609.3

611.8
610.6
611.6
610.8

612.1

605.6
613.9
611.5

603.5
604. J
605.7
606.7

608.7
604.7
612.3
611.6

613.9
613.2
600.0

610.1
610.9
611.7
612.7

610.8
612.9
613.5
615.9

612.2
613.8
616.6
621.0

607.7
608.8
610.2
611.8

610.9
612.4
614.5
618.1

616.6
619.9
621.6
614.1

619. 1

SPECIAL CA0TIOM SHOULD BE TAK2* II IVTSBPSBXIBG MEI-TO-KMI CfiAIGES I* MO*El SOPPLJt DATA, WHICH AfiE
HIGHLY fOLATILB AID SUBJECT TO 1EVISIOH.
P — INDICATES PSELIUHARY DATA.
FOOTMOTftS APPSA1 ON THE FOLLOWING PiGE




H.6 (508)
Table 2

MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES
Rwcant chang* at seasonally adjusted annual rates

Ml

j

M2

M3

Debt1

3 MONTHS FROH JULY

1985 TO OCT.

1905

10.3

6.9

7.9

11.4

6 MONTHS FBOH APH.

1985 TO OCT.

1985

12.6

8.7

7.9

11.9

12 SOUTHS FROH OCT.

1984 TO OCT.

1985

11.5

9.2

8.6

13.2

THIRTEEN HBBKS ENDING NOV. 25, 1985
FBOH TMIRTKEB SEEKS ENDING:

1/

1/

2/

3/

«/
5/

AUG.

26, 1985 (13 SEEKS PREVIOUS)

10.9

BAIT

27, 1985 (26 SEEKS PREVIOUS)

12.9

BOf.

26, 1984 (52 MEEKS PREVIOUS)

11.2

GROWTH BATES FOB DEBT ABB BASED OB PERIODS QBiilUUlUG AND ENDING OMB BOBTB EARLIER THAI FOR THE HONETANY AGGREGATES,
BABELT, JUBB 1985 TO SEPTEMBER 1985, BARCB 1985 TO SEPTEMBER 1985, ABD SEPTEMBER 1984 TO SEPTEMBER 19dS, RESPECTIVELY.
FOOTMOTES TO TABLE 1
CONSISTS OF (1) CURREBCI OUTSIDE TBE TREASURY, F&D&kkL RESBRfE BANKS, AMD THE IA0LTS OF COMMERCIAL BANKS;
(2) TRAVELERS CHECKS OF BONBANK ISSUERS; (3) 0EHANO DEPOSITS AT ALL COBBERCIAL BAMKS OTHEH THAN THOSE DUB TO
DOMESTIC BAMKS, THE U.S. GOfERMBEBT, AMD FOB&IGM BAMKS ABD OFFICIAL IBSTITUTIOBS LESS CASH ITEMS IB THE PROCESS
OF COLLECTION ABD FEDERAL RESERVE FLOAT; AMD (<*) OTHER CHECKABLE DEPOSITS (OCD) COBSISTIBG OF NEGOTIABLE OBOEB
OF 8ITHDRABAL (BOH) ABD AOTOBATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITOR! INSTITUTIONS,
CREDIT UNION SHAfiE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCI AND DEHANi)
DEPOSIT COMPONENTS EXCLUDE THE ESTIBATSD ABOUNT OF VAULT CASH ABD DEMAND DEPOSITS, BESPECUVELI, HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF B1 PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BT ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BI FOREIGN BRANCHES OF U.S. BANKS HORLDHIDB,flflDAS,SAVINGS AND SMALL DENOMINATION
TIBS DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL **S—IN ABOUNTS Ot LESS THAN $100,000), AMD BALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER MONET MARKET MUTUAL FUNDS. EXCLUDES IRA AND KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND BONE! MARKET fUBDS^ ALSO EXCLUDES ALL BALANCES HELD BY U.S. COBMERCIAL
BANKS, HONEY BARKET FUNDS (GENERAL PURPOSE AND BROKER/DEALER)9 FOREIGN GOVERNMENTS ABD COMMERCIAL BANKS, AND
THE 0.5. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED ABOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AHD SAVINGS DEPOSITS.
CONSISTS OF M2 PLUS LARGE DENOBINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OR BORE) AND TERfl RP LIABILITIES ISSUED
BY COMMERCIAL BABKS AND THRIFT INSTITUTIONS, TEBB EURODOLLARS HBLD BY U.S. BBSIDBRTS AT FOREIGN BBAUCHES OF U.S. BANKS
HORLDHIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM ABD CANADA, ABD BALANCES IN BOTH TAXABLE AND TAX-EXEMPT
IMSTXTUtflON-ONLY HOMEY MARKET BUTUAL FUMDS. EICLUDES AMOUNTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, MONEY
MARKET WUHDS0 AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HBLD BY INSTITUTION-ONLY HONEY BASKET MUTUAL FUNDS.
CONSISTS OF M3 PLUS THE BONBABK PUBLIC HOLDIBGS OF U.S. SAVIBGS BOBDS, SHORT-TBBM TREASURY SECURITIES, COMMERCIAL
PAPER ABD BANKERS ACCEPTANCES, NET OF HONEY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OP OUTSTANDING CREDIT MARKET DEBT OF THE UMIXBD STATES GOVERNMENT,
STATE ABD LOCAL GOVERNMENTS AND PRIVATE NONFINABCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE BOMDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOAMS, COMMERCIAL PAPBR, BkWEBS ACCEPTANCES AND OffHEfc DEBT
INSTRUBENTS. THE DATA ARE DERIVED FROB THE t&OKUkL VLESb&WB BOAtfD«S FLOH OF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC
NONFINANCIAL SECTORS ARE PRESENTED IN MONTH-AVERAGE FORM, DERIVED BY AVERAGING HOMTfl-ENi> LMULS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IN THE UNDERLYING FLOW OF FUNDS STATISTICS.
THE PRESENTATION OF DEBT DATA LM THIS RELEASE DIFFERS, THEREFORE, FROM THE QUARTERLY FLO4 OF FUNDS STATISTICS CONTAINED IB
IN THE FEDERAL RESERVE RELEASES £.7 AMD Z.I. IN THOSE RELEASES, PUBLISHED LE^iLLS Of CREDIT MAtfKET DEBT ARE MEASURED OM A
A QUARtER-END BASIS ABD INCLUDE DISCOBTINUITIitS.




MJ

COMPONENTS OP THE MONEY tlOCK
Ofetr
Oil*

Cmrtcy'

=5

In MS
on**

1771.0

1

Br-wiiinlii'

at

at
thrift

Uf

tt ttmo 6SMI•HtP

mm

m

mnm+mm*

at

at
thrift

141. 9

865.6

26 J . X
263.6
264.4

147.1
151.8

403. 2
410.7
416.2

thrift

mm

494.0
490.6

atelb

mm

605.8
613.6
623.3

124.9
12J.8
122.6

167. /

166.9
166.U

292.6
290.7
268.6

J8J. 1
384.5
387.0

1636.2
1851.6

621.6
620.0
626.3

121.6
121.4
120.3

166.9
168.0
16 8.4

286.6
289.4
288.6

384.7
382.0
382.8

497.2

861.9
677.6
878.6

262.3
264.4
269.4

154-6
154.9
154.2

416.9
419.3
423.6

155.3
157.3
160.3

1852.7
1663.3
1861.7

628.9
631.1
630.0

119.6
120.4
121.9

168.3
168.9
170.2

287.8
289.3
292.1

387.6
390.0
390.7

497.8
502.0

86b. 3
892.0
694.2

273.0
272.1
267.7

154.4
156.1
156.4

427.3
426.2
424.1

260.9
264.1
266.8

163.6
168.9
171.J

1894.6
1908.1
1916.9

624.7
626.5
638.1

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
4*1.6

888.5
876.4
674.4

265.8
267.6
272.9

154.2
153.7
155.7

•20.0
421.3
428.5

264.0

172.4

1922.2

643.9

125.1

179.3

304.4

381.8

469.9

871.6

277.2

156. 1

433.3

1984-OCT.
BOf.
DISC.

157.1
157.9
158.7

5.0
5.1
5.2

244.5
246.8
248.6

141.8
143.9
146.0

1985-JAH.
FEB.
WAR.

159.4
160.5
161.3

5.3
5.3

249.1
251.7
251.9

149.0
151.6
153.6

APR.
HAT
JUBE

161.7
163.1
164.5

5.5
5.5
5.7

252.5
255.8
260.7

JULT
AUG.
SEPT.

165.4
167.1
167.9

5.9
5.9
5.9

OCT.

168.8

5.9

1792.5
1813.3

BEBK 2BDIHG
1985
OCT.

BOf.

V
2/
3/

4/

5/
6/
7/
8/
9/
tO/

7
14
21
26

168.3
166.5
169.0
169.3

266.3
260.1
265.7
263.0

171.6
171.1
173.4
173.3

125.0
125.1
125.2
125*3

362.8
361.9
381.6
381.3

277.2
277.8
276.5
276.2

4
11
16 P
25 P

169.7
169.9
169.6
169.6

263.8
242.4
265.2
269.7

172.8
175.6
176.0
175.7

125.4
125.2
125.4
125.4

360.8
J61.0
381.5
362.0

279.5
281.1
2 79.1
279.6

C0BB8BCI OtTSXM T I B 6 . S . TRIASVBI, FEDERAL t B S B B f l BAHKS AID VABLTS OF COBBBBCIAL BABES.
M1CLWDMS M l BJCXBATBO
AIOOIT OF fAOLT CASi MWLB 6 1 T O I FT 19STlT9tlO*S
TO SSBflCB T U 1 B OCD L I A B t U t l B S .
O&TSTABDIIC A6O0IT OF O . S . OOUUAB-DBBOfllllATBO TBAfBLBRS CHECKS OF IOMBAIK I S S 0 B 1 S . T t A f C L I l S C1BCKS I S3 HMD BI
1ISTITUTIOIS ABB XBCJLOOBB IW OBBABO DBFOSITS.
OBBABD DBFOSITS AX COMBBGZAL BAIKS ABO FOBBIGB BBLATBD IBSTITBtZOBS Of IBB TBA» TBOSB DOB TO OOBBSTXC BABKS, TB1 0 . $ . GOfBBlBBBT ABD FOBBIGB BABKS AID OFFICIAL IBSTITOTIOBS LASS CASB ITBBS I B TBB FBOCBSS OF COLLECT 1 0 • ABO FBUBBAI. BBJBBfB FLOAT.
BXCLBDBS TBB BSTIBATBB ABOOBT OF OBBABD DBFOSITS BBLD AT COBBBBdAL BABES BT TBBIFT IBSTITOTIOBS TO £BB?IC6 TUBIB OCD
LIABILITIES.
COBSISTS OF BOB ABD ITS BALABCBS AT ALL DBFOSITOBI IBSTITOTIOBS^ CBBDIT O i l 0 1 SBABB DBAFT BALABCBS ABD
DBflABD DBFOSITS AT TBBIFT XBSTXTOTIO0S. OTHBB CBBCKABLB DBPOSITS SBASOBALLI ADJOSTBD BQOALS THE DIFFBBBBCB BBTBBBB TBB
SBASOBALLI ADJOSTBD SOB OF DBBABD DBFOSXTS PLOS OCD ABD SBASOBALLI ADJUSTED DMBkBO DBFOSITS. IBCLODBB ABB ALL CBIL1BG
?BBB «SOFBB BOBS," AtYBOBISBD BT TBB DBFOSITOBT IBSTITOTIOBS DBBBGBLATIOB COBBITTBB TO BE OTIMD
BBGIBBIBG JABOABI 5 #
1961.
SOB OF OfBBBIGBT BFS ABB OfBBBXOBT BBBODOLLABS, BOIBT BABBBT F8BD BALABCBS (GBBBBAL FOBFOSB ABD BBOftBt/DBALBBJm
BBDAS# ABD S A f l l C S ABD SflALL TIBB DEPOSITS. LMSS TBB COISOLIDATIOB ADJOSTBBBT TBAT BBFBBSBBTS TBB BSTIBATBD ABOOBT OF
DBflABD DEPOSITS ABD fAOLT CASB BWLB BT THBIFT IBSTITOTIOiS TO SBBflCB TflBIB TIBB ABD SAflBGS DBFOSITS L I A B I L I T I E S .
SOB OF LAEGE TIBB DEPOSITS, TBBB BFS AID TBBfl EUBODOLLABS Of ( J . S . BBSIDBBTS, BOBBI SABEBT FOBD B ALA ICES (IISTITOTIOEOBLT), L3SS A COBSOLIDATIOB ADJOSTBBBT THAT BEFftBSEETS THB BSTIBATBD ABOOIT OF OfEiilGMT BFS ABD EOBODOLLABS UBLD BX
IISTITOTIOE-OBLI BOEBI flABKBT FOBDS.
SAflBGS DBPOSITS BXCLODB HflDAS.
SHALL DBBOHIBATIOi TIHB DEPOSITS—IBCLODXIG BBTAIL BFS— ABB TBOSB ISSOBD I B AHOOBTS OF LESS TBAI $ 1 0 0 , 0 0 0 . ALL
IRDIflDOAL BBTIBBHBBT ACCOfllTS (IBA) ABD KBOttM ACCOOBTS AT C06HEBCIAL BABKS ABD TBBIFTS ARE SUBTRACTED FROB SHALL
TIHB DEPOSITS.
LARGE DEBOHIBATIOH TIHB DBFOSITS ARB THOSE ISSUED IB ABOOBTS OF $ 1 0 6 , 0 0 0 OB BORE, BXCLUOIBG THOSE BOOKED AT
IBTBBBATIOBAL BABEIBG FACILITIES.
LARGE OENOHIBATIOB TIBE DEPOSITS AT COBHBRCIAL BABKS LESS THOSE HELD BI HOBET HARKBT MUTUAL *U*DS.
DEPOS1TOBI 1MSTIT0TIOK3 AMD FOREIGM BANKS ABD OFPICIAL IBSTITUTIOMS.




H.6 (506)
Table 4

COMPONENTS OF LIQUID ASSETS AND DEBT
Si.'liona of dollars, eeaaonally adjust**
Data

2/
3/
4/

Non-M3 components of L
bankars acceptances2
short-term treasury
securities'

commercial paper*

Debt components!.
federal debt
non-federal debt

73.$

273.5

46.8

157.2

1310.5

44U0.7

OCT.
NOV.
DSC.

73.7
73.9
74.1

273.1
268.0
267.2

44.8
42.5
411.3

156.7
157.6
161.8

13*5.2
1347.6
13*7.3

#448.7
#503.4
4559. 9

1985-JAN.
FEBBAR.

74.4
74.9
75.3

266.7
270.3
275.9

40.8
42.5
44.3

159.6
164.8
169.8

1385.0
1399.8
1409*9

4609.Q
4650.0
4693.2

APR.
HAT
JUNE

75.8
76.2
76.6

277.8
276.8
284.6

44.0
42.5
40.2

168.9
168.6
164.7

14J4.1
1442.9
1459.*

4739.. 3
4783.3
4627.7

JDLI
AOG.
SEPT.

76.7
77.2

284.4
285.5
287.1

39.7
40.7
40.8

171.1
182.0
183.8

1478.9
1495.8
1545.5

4872.2
4916.5
#960.5

1984

1/

savings bonds

SEPT.

78.1

CONSISTS OF U . S . TREASURY BILLS AKD COUPONS MITH BEilAINING MATURITIES OF LESS THAN 12 flONTBS HELD BY QTHKA XHAM DiiPOSITOfil
IMSTITDTIOtfS, FEDEkkh fi£SJS£VE BAMKS, HO HEY HAfi&KI HUTUAL FUNDS AND FQHEIGU JSNYITIES.
NET OF &ABK&HS ACCBPTAUCfiS HELD BY ACCEPTING BANK5, FEDEAAL fifiSZfiYE BANKS, FOftSIGN OFFICIAL IN^yiCOTIONS # TfilE FEDERAL
UOflE LOAN BANK SISTEtt AND HONSI flARKST flUTUAL FUNDS.
TOTAL COaflEBCIAL PAPER LESS COflHBRCIAL PAPEB HELD til HONE! fiARKET AOTOAL FUNDS.
DS£? DAXA ARE ON A ISONTUI.X AVERAGE BASIS, D&BiLV&D BY AVERAGING BND-0F-80NTH LEYELS OF ADJACENT JIONTUS, AND HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6 (508)
Table 5

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Other checkable depoeits
1

Date

Currency

checks

Demand
deposits'

2

at commercial
banks4

at thrift
institutions*

Nontransactions components
total

in M2*

in M3 only

7

Overnight
RPs«

Overnight
Eurodollars9

General
purpose and
broker/dealer
money market
funds

1984-OCT.
MOf.
OBC

156.7
158.7
1641.9

5.0
4.8
4.9

245.8
248.9
257.4

101.5
103.1
105.9

39.3
40.4
41.3

140.8
143.4
147.2

1768.4
1788.5
1806.3

604.0
615.9
625.4

44.7
47.9
45.2

12.1
10.1
12.4

155.6
162.0
167.5

1985-JAH.
FEB.
HAR.

158.3
158.6
159.8

4.9
5.0
5.1

254.9
244.9
246.3

108.3
107.8
109.9

41.0
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

APS.
HAT
JUNE

16 U 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.tf
1884.4

628.9
632.9
629.0

47.4
51.3
50.3

12.0
12.8
12.7

176.2
172.2
175.4

JOLT
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
1905.7
1908.8

620.9
620.0
637.6

50.2
51.9
52.7

12.4
14.2
13.9

175.8
176.7
176.6

OCT.

168.5

5.9

265.4

119.8

51.4

171.2

1919.0

641.7

53.1

14.5

176.7

REEK ENDING:
1985-OCT.

NOV.

7
14
21
28

169.2
169.4
168.6
167.5

270.7
266.4
267.0
258. J

121.0
120.5
120.1
118.1

52.2
51.7
51.7
50.3

173.2
172.2
171.8
168.4

53.7
52.5
52.7
53.1

13.5
13.1
14.1
16.9

176.0
177.3
177.1
176.8

4
11
18 P
25 P

169.2
171.3
170.3
169.8

267.7
266.1
270.1
266.1

121.4
123.4
122.8
121.3

52.6
53.5
52.8
51.4

174.0
176.8
175.6
172.7

54.2
51.9
55.1
59.6

15.0
13.3
14.2
14.9

176.3
176.4
175.8
176.6

i

1/

CURRENCY

OUTSIDE

THE U . S .

TREASURY, FEDERAL BBSBAWB BANKS A*D TEE TAQLTS OF COBHERCIAL BAflKS. E X C L U D E S !PHB B S T I B A 'TED

AflOOHT OF FAULT CASH HELD 31 THRIFT INSTITUTIONS TO SERTICB THEIR OCD LIABILITIES.
OUTSTANDING ABOONT OF U.S. DOLLAR-DSNOBIRATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BI DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEBAND DEPOSITS.
3/ DEHAND DEPOSITS AT COtlflERClAL BANKS OTHER THAN THOSE DUE TO DOHESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITBBS IN THE PROCESS OF COLLECTION AND F.R. FLOAT. LESS THE ESTIMATED ABOUNT OF DEBkBD
DEPOSITS HELD AT COBHERCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF NON AND ATS BALANCES AT COflltERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOBBLGB BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER NONS OF $43.7 BILLION IN TUB HBBK SHD NOVEHBBR 11, $43.9 BILLIOB IB THE HBEK ENDED
NOVEMBER 18, AND $43.5 BILLION IN THE «BBK BBDBD NOVEHBBR 25.
5/ CONSISTS OF NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND BOTUAL SAVINOS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DBBAND DEPOSITS AT THRIFTS. INCLUDES SOPER BOBS OF $18.8 BILLION IN THE BBEK BBDBD NOVEflBER 11,
$18.6 BILLION IN THE VJIBK BBDED NOVBBBER .18, AND $18.3 BILLION IN THE HBBK BBDBD NOVEHBEM 25.
6/ SUN OF OVERNIGHT RPS AND EURODOLLARS, NONET BANKET FUND BkLABCES (GBNBBAL PURPOSE AND DROKBR/DlALEf), HflDAS AND SAVINGS
AND SHALL TIME DEPOSITS LESS THE ESTIBATBD ABOUNT OF DBBkBD DEPOSITS ABO VAULT CASH HELD BY THRIFT INSTITUTIONS 10 SERVICB
THBIR TIflE AND SAVINGS DEPOSIT LIABILITIES.
7/ SUB OF LARGE TINE DEPOSITS, TERM EPS AND EURODOLLARS OF UmS^, RESIDENTS, HONEY MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED ABOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY
MONEY HABKBT HUTUAL FUNDS.
8/ CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUBD BI COHBERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
HONEY MARKET HUTUAL JMNDS (GENERAL PURPOSE AND BBOK&B/0BALES) •
9/ ISSUED UY PGHKIGN BLANCHES OF U.S. BANKS NORLDrilDB TO U.S. RESIDENTS OTHER THAR DEPOSITORY INSTITUTIONS AND
HONEY MARKET MUTUAL FUNDS (GENERAL PUHPOSE AND

2/




H.6 (508)
Table 5-contlnued

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

Data

Money market deposit accounts
at
at
thrift
total
commercial
institutions
banks

Small denomination time deposits 2

Savings deposits

at

at

commercial
banks

thrift
institutions

Large denomination time deposits'

at

at

total

commercial
banks

thrift
institutions

total

commercial
banks 4

at
thrift
institutions

at

total

1984-OCT.
NOV.
DEC.

248.2
257.1
267.1

143.9
145.4
147.9

392.0
402.4
415.1

124.3
122.7
121.4

167.4
166.1
164.9

291.7
288.8
286.3

386.2
387.1
387.6

493.2
497.4
499.4

879.4
884.5
887.0

264.0
263.6
265.9

143.1

407.1

147.6
151.1

411.2
416.9

1985-JANFKB.
MAR.

280.4
289.3
294.0

153.2
159.0
163.9

#33.7
448.3
457.9

121.1
120.4
120.6

165.7
166.5
168.2

286.9
286.9
288.8

386.3
384.1
383.7

502.0
499.5
496.3

888.4
88 J. 6
080.0

263. 0
263.9
269.8

154.1
154.9
153.3

417.1
418.8
423.0

APE.
HAT
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

495.6
495.5
496*7

£79.4
tidO.8
883.1

270.4
270.0
267.3

153.4
156.1
156.0

423.8
426.0
423.2

JULX
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

883.9
879.4
877.5

264.9
269.4
274.5

154.3
155.1
156.3

419.2
424.5
430.8

OCT.

324.3

176.8

501.1

124.5.

179.0

303.6

384.9

493.6

676.4

278.2

157.4

435.6

WEEK ENDING
1985
OCT.

NOV.

1/
2/
3/
4/

7
14
21
28

322.8
324.1
324.3
325.2

124.9
124.8
124.6
124.2

385.6
385.3
384.7
384.3

278.5
278.8
277.4
277.8

4
11
18 P
25 P

327.0
328.4
329.4
330.0

124.3
124.4
124.4
124.2

384.1
384.3
384.1
384.3

278.9
279.7
278.6
281.0

SAVINGS DEPOSITS EXCLUDE ISBDAS.
SHALL DENOMINATION TIHE DEPOSITS — INCLUDING RETAIL It PS — ARE THOSE ISSUED IN AMOUNTS OF
INDIVIDUAL RETIREHEHT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE
TIHE DEPOSITS.
LARGE DENOMINATION TIHE DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING
BANKING FACILITIES (IBFS).
LAHGE DENOMINATION TIHK DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BI MONET MARKET MUTUAL
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




LESS THAN $100,000. ALL
SUBTRACTED FROM SHALL
THOSE BOOKED AT INTERNATIONAL
FUNDS, DEPOSITORY

H.6(508)
Table 5-continued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
wrm n^^
Data

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

Term
Eurodollars*

bonds

Nor* M3 Components of L
Short-term
Bankers
treasury
acceptances4
securities'

Components of Dett

Federal debt

Non-Federal*
debt

1984-OCT.
MOV.
DEC

52.2
58.3
62.7

36.1
35.3
37.3

69.3
70.7
69.7

80.6
81.9
83.1

73. a
74.0
74.4

271.3
265.1
264.8

45.1

35.4
32.5

43.3
42.8

158.3
159.4
156.9

1323.0
1343.0
1364.7

4437.9
4494.7
4556.2

1985-JAM.
FEB.
AA a.

65.0
62.2
59.5

29.9
3U2
32.7

35.1
J4.5
36.2

65.0
65.7
68.9

81.1
81.3
84.7

74.6
74.9
75.3

268.5
273.8
283.6

42.0
42./
4J.2

157.3
164.2
167.7

1383.1
1397.4
1412.0

4602.3
4630.7
4663.6

APRHAT
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

80.7
80.9
78.3

75.6
76.1
76.5

281.2
274.6
282.5

42.6
41.7
J9.8

169.3
168.3
167.9

1427. 1
1443*8
1457.9

4707.9
4754.6
4804.5

JOLT
AUG.
SEPT.

65.0
63.6
62.3

31.1
32.1
33.1

33.9
J5.3
37.2

65.0
67.4
70.3

77.4
78.3
78.8

76.6
77.1
78.0

282.9
283.9
285.2

39.1
40.6
41.2

173.1
181.0
180.6

1475.8
1495.8
1506.9

4852.1
4894.4
4941.0

OCX.

63.3

31.8

38.5

70.3

78.Q

62.5
63.5
63.4
63.2

31.0
32.0
31.6
32.1

64.8
64.0
63.7
65.4

32.2
32.6
32.8
31.6

33.1

WEEK ENDINGS
1985-OCT.

7

14
21
28
NOT.

4

11
18 P
25 P

1/

2/
3/
4/
5/
6/

TEBfl RPS ARE THOSE IITH ORIGINAL MATURITIES Gil BAT El THAN OIE D A I , 1XCL0OI1G COBTIMOING COM TRACTS AID RETAIL RPS. INCLUDES
A RELATIVELY SHALL AMOUNT Of OVERNIGHT RPS AT THRIFT INSTITUTIONS.
TEBfl EURODOLLARS ARE THOSE M T H ORIGIIAL MATURITIES GREATER THAI OIS DAY. CONSISTS OP TBOSE ISSUED TO O.£. BBSIDBITS BI
FOBSIGM BRANCHES OP O.S. BANKS 1ORLDVIDE AMD BX ALL BANKING OFFICES IN THE UNITED KIMGDOJ! AND CANADA. EXCLUDES THOSE HELD
BT DEPOSITOR! INSTITUTIONS AMD HONEI flARKBT flOTUAL FUNDS.
CONSISTS OF O.S. TREASURY BILLS AND COUPONS HITU REGAINING MATURITIES OF LESS THAN 12 HOKTHS dELD BI OTHER THAN DEPOSITORI
INSTITUTIONS, FEDERAL RESEBTE BAiKS, flOMET HARKET flUTUAL FUNDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BX ACCEPTING bANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HONE LOAN BANK SYSTEM AND HONEY HARKET flUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COHflEBCIAL PAPER HELD BY HOMEY HARKET MUTUAL FUNDS.
DEBT DATA Afifc ON A HOMTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-flONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO hEMOVE DISCONTINUITIES.




H.6 (506)
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

demand
deposits at
commercial
banks

note balances
at commercial
banks
and thrift
institutions

total demand
deposits and
note and
FR balances

time
and savings
deposits at
commercial
banks

1.1
1.1
1.0

45.3
47.0
48.8

61.4
63.1
65.4

7.4

9.2

22.5
20.1
16.6

7.7
7.9

114.0
117.9
122.1

6.6
6.7
2.8

11.5
17.8
11.4

22.0
27. *
17.7

1.0
1.0
1.0

53.5
55.1
55.9

69.2
70.5
71.8

8.6
8.6
8.4

131.2
134.2
136.1

3.1
2.8
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. b

7J.7
75.2
76.4

8.5
8.5

8.5e

138.8
141.0
142.7e

8.4

3.0

3. 1

2.4

8.5

1.1

58.2

77.3

8.7e

144.2e

1.8
1.9
1.8
1.8

8.4
8.4
8.3
8.4

3.1
2.4
3.9
2.4

3-1
3.2
3m3
3.1

4.9
1.4
1.5
2.1

11.1

1.1
1.
1.1
I.1

1.8
2.1
2.1
1.9

8.4
8.6
8.6
8.5

3.0
2.7
3.4

2.5
3.2
3.2
2.8

1.9
5.1
3.0
4.4

7.4
11. 1

3.4

3.4

9.1

9.2
8.9
8.7

3.7
3.1
3.6

4.0
4.3
3.8

14.9
12.7

1.9
2.1
1.9

8.5
8.4
8.3

3.9
3.1
3.4

7.9
7.6
7.9

1.8
1.9
2.0

8.3
8.2
8.2

7.9

1.8

9.0
7.4
7.9
7.5
7.8
7.8
7.9
7.8

8.5
8-3
7.5

1.9
2.1
1.8

APB.
JUNE

7.6
7.8
7.8

JULY
AUG.
SEPT.
OCT.

15.1

WEEK E V D I I 6 :

4
11

18 P
25 P

e = estimated




105.7
107.3
109.7

6.2
6.5

1985-JAI.
FEB.
HAR.

HO?.

total

56.9
57.7
59.0

9.6

7

money
market
mutual funds

42.6
4J.2
43.8

8.6

14
21
28

thrift
institutions

1.0
1.1
1.0

2.7
2.8

1985
OCT.

commercial
banks

13.6
16.0

8.4
7.5

9.2
9.4

8.5
8-8

HAY

balances at
Federal
Reserve
Banks

4.0
3.2

1.8
2.1
2.0

19 8 4 - O C T .
NOV.
DEC.

IRA and Keogh Accounts

U.S. government deposits

2.7

7.0
8.7
7.6

9.6
9.8

1.4

ill

1.1

6.9