Full text of H.6 Money Stock Measures : February 17, 1994
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 FEBRUARY 17,1994 M1 M22 M33 L4 DEBT 5 Seasonally adjusted 19 9 2 - F E B . MAR. APR. MAY JUNE JULY AUG. SEP. OCT. NOV. DEC. 927. 3 937. 8 943. 7 952. 7 954. 7 964. 2 976. 1 989 . 2 1004. 2 1016. 6 1024. 8 3483. 6 3486. 3 3481. 9 3 4 8 2 ., 1 3477. 8 3480. 7 3489 . 4 3496. 6 3507. 5 3510. 5 3509 . 0 4203. 0 4203. 1 4190. 7 4189 . 9 4183. 7 4186. 0 4196. 7 4200. 4 4196. 9 4 1 9 4 . .1 4183 . 0 5 0 1 4 . .4 5 0 2 8 .. 6 5 0 2 5 .. 4 5 0 2 1 . .7 5 0 2 6 . .9 5 0 2 6 .. 6 5041,. 0 5 0 5 6 . .7 5 0 5 8 .. 5 5 0 6 5 . .3 5057 . 1 1 1 2 3 5 . .0 1 1 2 8 4 . .9 1 1 3 3 5 . .6 1 1 3 8 1 . .7 1 1 4 3 4 . .8 1 1 4 9 4 ..1 1 1 5 5 3 .. 4 1 1 5 9 7 . .8 1 1 6 2 5 . .7 1 1 6 6 5 . .6 1 1 7 2 1 ..1 19 9 3 - J A N . FEB. MAR. APR. MAY JUNE JULY AUG. SEP. OCT. NOV. DEC . 1033 . 0 1 0 3 5 . ,4 1 0 4 0 ..2 1 0 4 7 .. 1 1 0 6 7 ..7 1 0 7 6 . .6 1 0 8 6 ..8 1 0 9 5 . .3 1105..1 1 1 1 3 .. 4 1 1 2 2 . .4 1 1 2 8 . .4 3 5 0 2 .. 8 3 4 9 4 . ,2 3 4 9 4 . .8 3 4 9 8 . .0 3 5 2 1 . .9 3 5 2 8 . .7 3 5 3 4 ..0 3 5 3 7 .. 0 3 5 4 5 .. 4 3 5 4 7 ..3 3 5 5 8 .. 8 3 5 6 5 . .7 4162 . 4 4156.. 0 4 1 5 4 . .6 4 1 6 2 ..0 4 1 8 7 ..7 4 1 8 8 . .0 4 1 8 7 . .5 4 1 8 8 . .0 4 1 9 7 ..3 4 2 0 3 ..2 4216.. 0 4 2 2 8 ..0 5 0 4 0 ..9 5 0 3 7 . .6 5 0 3 8 . .6 5 0 5 5 . .9 5 0 8 8 ..7 5 0 8 9 ..3 5 0 8 5 . .5 5 0 9 5 . .3 5 0 8 8 ..2 5 0 9 5 . .9 5 1 0 7 ..5 5 1 3 0 . .6 P 1 1 7 5 7 . .8 1 1 7 8 1 . .6 1 1 8 2 1 . .3 1 1 8 6 7 . .4 1 1 9 1 2 . .7 1 1 9 7 6 .. 1 1 2 0 3 3 . .4 1 2 0 8 8 . .3 1 2 1 4 1 . .9 1 2 1 7 7 . .4 1 2 2 3 9 . .5 1 2 3 1 6 . .8 P 19 9 4-JAN. P 1 1 3 3 .. 6 3 5 7 2 .. 1 4 2 3 1 . .5 Not seasonally adjusted 1992-FEB. MAR. APR. MAY JUNE JULY AUG. SEP. OCT. NOV. DEC. 916..1 930.. 6 9 5 4 . .7 9 4 3 . .9 9 5 2 . .0 9 6 2 . .9 9 7 1 . .0 983.. 6 1 0 0 1 . .8 1 0 2 2 .. 4 1 0 4 6 . .7 3 4 7 5 . .2 3489 . 4 3 4 9 8 . .9 3 4 6 7 . .4 3 4 7 3 . .4 3 4 7 8 .. 1 3 4 8 4 .. 1 3 4 8 6 . .7 3 5 0 4 , .6 3517 . 4 3 5 2 7 . .6 4 1 9 8 . .3 4 2 0 8 . ,2 4 2 0 5 . .2 4 1 8 0 . .2 4 1 7 9 . .8 4 1 8 0 . .3 4195..5 4190..0 4190..5 4203 . 6 4 1 9 8 . .2 5011..4 5 0 3 6 ..5 5 0 3 5 ..2 5001.. 1 5 0 1 6 . .7 5 0 1 2 ..9 5 0 3 2 ..9 5 0 4 5 ..2 5 0 5 0 .. 3 5083 . 6 5 0 8 7 ..6 1 1 2 0 8 .. 1 1 1 2 5 6 . .9 1 1 3 0 6 . .9 1 1 3 4 8 ..5 1 1 3 9 9 . .9 1 1 4 5 1 ..8 1 1 5 1 2 .. 5 1 1 5 6 4 .7 1 1 5 9 8 .9 1 1 6 5 6 .8 1 1 7 2 2 . .0 19 9 3-JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEP. OCT. NOV. DEC. 1041..0 1023..0 1031..6 1 0 5 8 , .7 1058..1 1073,.2 1084..6 1088 .8 1 0 9 9 ,. 1 1111..8 1129 .6 1153 .8 3 5 0 8 ..3 3 4 8 4 ..2 3 4 9 5 ,.8 3 5 1 5 .2 3507 .3 3524 .4 3530 .3 3529 .9 3535 .0 3545 .3 3567 .5 3588 .3 4 1 6 2 . .9 4149 . 4 4157..3 4177..3 4 1 7 8 .7 4184 .3 4180..6 4184 .7 4186 .4 4197 .7 4227 .6 4247 .4 5 0 5 4 . .6 5 0 3 2 ..2 5 0 4 4 . .8 5 0 6 5 . .3 5066 .6 5 0 7 8 .7 5 0 7 0 .9 5085 . 1 5076 . 1 5088 .3 5128 .6 5165 .5 P 1 1 7 4 4 . .2 1 1 7 5 6 . .5 1 1 7 9 7 . .6 1 1 8 4 0 . .2 1 1 8 8 1 .7 1 1 9 4 2 .7 11994 . 1 1 2 0 5 1 .7 12110 .2 12150 .4 12229 .8 12317 .3 P 1994-JAN. P 1142 .8 3578 .8 4232 .4 Footnotes a p p e a r on t h e following p a g e p preliminary Table 2 MONEY STOCK AND DEBT MEASURES Percent change at seasonally adjusted annual rates DEBT1 M1 M2 19 9 4 7.3 2.8 2.1 5.8 JAN. 1994 8.6 2.2 2.1 5.7 1 9 9 3 TO JAN. 1994 9.7 2.0 1.7 5.1 T h i r t e e n w e e k s e n d i n g FEBRUARY 7 , 19 94 from t h i r t e e n weeks ending: NOV. 8 , 19 93 ( 1 3 w e e k s p r e v i o u s ) 8.1 2.4 2.6 3 M o n t h s f r o m OCT. 19 9 3 TO JAN. 6 M o n t h s f r o m JULY 1 9 9 3 t o 12 M o n t h s f r o m JAN. 1. M3 AUG. 9, 19 9 3 (26 weeks p r e v i o u s ) 9 .1 2.1 1.8 FEB. 8, 1993 (52 weeks p r e v i o u s ) 10 .0 1.7 1.2 Growth rates for debt are b a s e d on periods beginning and ending o n e month earlier than for the monetary aggregates, namely, September 1993 to December 1993, J u n e 1993 to December 1993 and D e c e m b e r 1992 to D e c e m b e r 1993, respectively. F o o t n o t e s to T a b l e 1: 1. 2. 3. 4. 5. C o n s i s t s of (1) c u r r e n c y o u t s i d e t h e U.S. T r e a s u r y , F e d e r a l R e s e r v e B a n k s , a n d t h e vaults of d e p o s i t o r y institutions; (2) travelers c h e c k s of n o n b a n k i s s u e r s ; (3) d e m a n d d e p o s i t s at all c o m m e r c i a l b a n k s o t h e r t h a n t h o s e d u e to d e p o s i t o r y institutions, t h e U.S. g o v e r n m e n t , a n d foreign b a n k s a n d official institutions, l e s s c a s h items in t h e p r o c e s s of collection a n d F e d e r a l R e s e r v e float; a n d (4) o t h e r c h e c k a b l e d e p o s i t s ( O C D s ) , consisting of n e g o t i a b l e o r d e r of withdrawal (NOW) a n d a u t o m a t i c t r a n s f e r s e r v i c e (ATS) a c c o u n t s at d e p o s i t o r y institutions, credit union s h a r e draft a c c o u n t s a n d d e m a n d d e p o s i t s at thrift institutions. S e a s o n a l l y a d j u s t e d M1 is c a l c u l a t e d by s u m m i n g c u r r e n c y travelers checks, d e m a n d deposits, and OCDs, each seasonally adjusted separately. C o n s i s t s of M1 plus overnight ( a n d continuing c o n t r a c t ) R P s i s s u e d by all d e p o s i t o r y institutions a n d overnight Eurodollars i s s u e d to U.S. r e s i d e n t s by foreign b r a n c h e s of U S b a n k s worldwide, s a v i n g s d e p o s i t s (including m o n e y m a r k e t d e p o s i t a c c o u n t s ) , s m a l l - d e n o m i n a t i o n time d e p o s i t s (time d e p o s i t s — i n c l u d i n g retail R P s — i n a m o u n t s of l e s s t h a n $ 1 0 0 , 0 0 0 ) a n d b a l a n c e s in both t a x a b l e a n d t a x - e x e m p t g e n e r a l p u r p o s e a n d b r o k e r / d e a l e r m o n e y m a r k e t mutual f u n d s . E x c l u d e s individual r e t i r e m e n t a c c o u n t IRA) a n d K e o g h b a l a n c e s at d e p o s i t o r y institutions a n d m o n e y m a r k e t f u n d s . Also e x c l u d e s all b a l a n c e s held by U.S. c o m m e r c i a l b a n k s , m o n e y m a r k e t f u n d s ( g e n e r a l p u r p o s e a n d b r o k e r / d e a l e r ) , f o r e i g n g o v e r n m e n t s a n d c o m m e r c i a l b a n k s , a n d t h e U.S. g o v e r n m e n t . S e a s o n a l l y a d j u s t e d M2 is c o m p u t e d by a d j u s t i n g its non-M1 c o m p o n e n t a s a w h o l e a n d r t h e n a d d i n g this result to s e a s o n a l l y a d j u s t e d M1. C o n s i s t s of M2 plus l a r g e - d e n o m i n a t i o n t i m e d e p o s i t s (in a m o u n t s of $ 1 0 0 , 0 0 0 or m o r e ) a n d t e r m R P liabilities i s s u e d by all d e p o s i t o r y institutions, t e r m E u r o d o l l a r s held by U.S. r e s i d e n t s at foreign b r a n c h e s of U.S. b a n k s w o r l d w i d e a n d at all b a n k i n g offices in t h e United K i n g d o m a n d C a n a d a , a n d b a l a n c e s in both t a x a b l e a n d t a x - e x e m p t institution-only m o n e y m a r k e t m u t u a l f u n d s . E x c l u d e s a m o u n t s held by d e p o s i t o r y institutions, t h e U.S. g o v e r n m e n t , m o n e y m a r k e t f u n d s , a n d foreign b a n k s a n d official institutions. Also s u b t r a c t e d is t h e e s t i m a t e d a m o u n t of overnight R P s a n d E u r o d o l l a r s held by institution-only m o n e y m a r k e t mutual f u n d s . S e a s o n a l l y a d j u s t e d M3 is o b t a i n e d by a d j u s t i n g y its n o n - M 2 c o m p o n e n t a s a w h o l e a n d t h e n a d d i n g this result to s e a s o n a l l y a d j u s t e d M2. C o n s i s t s of M3 p l u s t h e n o n b a n k public h o l d i n g s of U.S. s a v i n g s b o n d s , s h o r t - t e r m T r e a s u r y s e c u r i t i e s , c o m m e r c i a l p a p e r a n d b a n k e r s a c c e p t a n c e s , net of m o n e y m a r k e t 3 mutual f u n d h o l d i n g s of t h e s e a s s e t s . Debt of d o m e s t i c nonfinancial s e c t o r s c o n s i s t s of o u t s t a n d i n g credit m a r k e t d e b t of t h e U.S. g o v e r n m e n t , s t a t e a n d local g o v e r n m e n t s a n d private n o n f i n a n c i a l s e c t o r s Private d e b t c o n s i s t s of c o r p o r a t e b o n d s , m o r t g a g e s , c o n s u m e r credit (including b a n k loans), o t h e r b a n k l o a n s , c o m m e r c i a l p a p e r , b a n k e r s a c c e p t a n c e s a n d other d e b t i n s t r u m e n t s , m e d a t a a r e d e r i v e d f r o m t h e F e d e r a l R e s e r v e B o a r d ' s flow of f u n d s a c c o u n t s . All d a t a on d e b t of d o m e s t i c nonfinancial s e c t o r s a r e p r e s e n t e d in m o n t h - a v e r a g e f o r m , d e r i v e d by a v e r a g i n g a d j a c e n t m o n t h - e n d levels. T h e s e d a t a h a v e a l s o b e e n a d j u s t e d to r e m o v e statistical discontinuities that m a y a r i s e in t h e underlying flow of f u n d s statistics T h e p r e s e n t a t i o n of d e b t d a t a in this r e l e a s e differs, t h e r e f o r e , f r o m t h e q u a r t e r l y flow of f u n d s statistics c o n t a i n e d in t h e F e d e r a l R e s e r v e r e l e a s e s Z . 7 a n d Z.1 In t h o s e r e l e a s e s p u b l i s h e d levels of credit m a r k e t d e b t a r e m e a s u r e d on a q u a r t e r - e n d b a s i s a n d 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 19 93-NOV. 15 22 29 1109.2 1111.3 1113.4 1118.9 1120.9 1122.4 1121.7 1122.3 1125.1 3546.8 3548.2 3550.3 3553.5 3556.2 3559.0 3560.9 3557.2 3560.8 4200.5 4202.6 4205.1 4210.5 4212.8 4216.3 4217.5 4215.6 4219.1 DEC. 6 13 20 27 1115.2 1117.0 1118.7 1120.6 1123.8 1125.0 1126.6 1128.1 1126.0 1126.5 1128.7 1131.0 3551.8 3553.3 3554.9 3556.5 3560.4 3561.9 3564.1 3565.3 3562.5 3567.0 3566.0 3565.7 4207.4 4209.9 4212.1 4214.5 4218.3 4221.3 4224.4 4227.1 4220.8 4229.8 4227.8 4229.8 199 4 - J A N . 3 10 17 24 31p 1122.2 1123.7 1125.3 1127.0 1128.3 1129.1 1130.1 1131.2 1132.5 1134.0 1130.0 1130.5 1133.1 1136.2 1136.1 3558.0 3559.9 3562.1 3564.3 3565.9 3566.7 3567.4 3570.1 3572.4 3572.8 3568 . 1 3569.6 3576.8 3575.0 3569.8 4217.0 4219.5 4222 . 1 4224.0 4225.6 4230.1 4230.7 4233.2 4233.5 4231.7 4232.8 4232.3 4237.7 4231.3 4225.6 FEB. 7p 1129.5 1135.3 1135.7 3566.8 3572.6 3568.6 4225.7 4227.0 4213.4 Not seasonally adjusted 19 9 3-NOV. 15 22 29 1106.0 1109.3 1113.0 1119.8 1125.9 1129.0 1137.3 1120.8 1124.8 3542.3 3545.3 3548.7 3555.2 3563.7 3567.0 3581.8 3558.9 3553.4 4195.6 4199.2 4203 .2 4212.5 4221.0 4227.6 4239.3 4220.0 4220.9 6 13 20 27 1116.0 1118.8 1122.7 1128.8 1133.2 1135.9 1143.7 1151.3 1150.0 1147.9 1152.2 1155.1 3552.2 3555.0 3558.9 3564.3 3572.5 3576.1 3582.6 3587.3 3595.7 3596.3 3584.9 3572.4 4207.2 4211.1 4215.4 4221.5 4232.6 4238.7 4244.7 4248.4 4250.0 4263.7 4244.0 4236.0 199 4 - J A N . 3 10 17 24 31p 1133.8 1137.9 1140.4 1142.4 1142.3 1157.3 1162.9 1162.5 1154.6 1138.7 1174.0 1170.3 1150.6 1123.3 1110.5 3568.8 3573.0 3576.1 3578.6 3578.5 3588.7 3592.4 3594.8 3591.2 3575.6 3601.2 3611.0 3594.4 3558.3 3538.6 4226.2 4230.3 4234.1 4236.1 4236.1 4247.0 4246.5 4248.9 4242.6 4230.4 4244.3 4261.8 4253.4 4211.0 4195.3 FEB. 7p 1142.3 1129.5 1133.7 3577.9 3564.4 3566.1 4234.6 4217.4 4209.8 DEC. N o t e : S p e c i a l c a u t i o n s h o u l d b e t a k e n in i n t e r p r e t i n g w e e k - t o - w e e k c h a n g e s in m o n e y s u p p l y d a t a , w h i c h a r e highly volatile a n d s u b j e c t t o r e v i s i o n , p preliminary d a t a . 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 Travelers checks2 Demand deposits3 At commercial banks4 At thrift institutions5 Total In M26 In M3 only7 19 92-SEP. 285.5 8.1 328 .0 266.5 101.1 367.6 2507 .4 703 . 8 OCT. NOV. DEC. 287.5 289.5 292 .2 8.2 8.1 8.1 334 .3 337.5 339 .6 271.7 278 .2 280 .8 102.4 103.2 104.1 374.1 381.4 384.9 2503.3 2493.9 2484.3 689 . 5 683 .5 674 . 0 19 93-JAN. FEB. MAR. 294.5 297 .0 299 . 3 8.0 8.0 8.0 341. 9 342.7 344.3 283.5 283.8 284.9 105.0 103 .9 103.6 388.6 387.7 388.5 2469.8 2458.8 2454.7 659.6 661.8 659.8 APR. MAY JUNE 301.8 304 . 4 307.2 8.1 8.1 8.0 349.0 358.8 362 .2 284.2 290.3 292.4 104.1 106.1 106.8 388.2 396.4 399.2 2450.9 2454.1 2452.1 664.0 665.9 659.3 JULY AUG. SEP. 309.7 312.4 315.4 7.9 7.8 7.8 3 66.4 370 , 375, 294.8 295.9 297.8 108.0 108.3 108.8 402 .8 404.2 406.6 2447.2 2441.7 2440.3 653.5 651.0 651.8 OCT. NOV. DEC . 317.6 319.5 321.3 7.8 7.9 7.9 378 383 384.9 299 . 1 300.8 302.5 110.4 111.0 111.7 409 .5 411.8 414.3 2433.9 2436.4 2437.3 655.9 657.3 662 .3 1994-JAN. p 325 .2 7.9 388.5 300.4 111.6 412.0 2438.6 659.4 Week e n d i n g 199 3-DEC. 13 20 27 320.8 321.3 321.5 7.9 7.9 7.9 383 . 1 385.0 387 . 1 302 .6 302.7 303.1 112.1 111.9 111.5 414.6 414.6 414.6 2440.5 2437.3 2434.6 662 .8 661.8 664.1 199 4-JAN. 3 10 17 24 3 lp 322.5 323.7 324.9 326.0 327.5 7.9 7.9 7.9 7.9 7.9 385.6 384.9 389 .9 390.2 390 . 4 302.4 303.7 298.1 299.6 297.6 111.6 110.2 112.3 112.6 112.7 414.0 413.9 410.4 412.1 410.3 2438.2 2439.1 2443.7 2438.7 2433.7 664.7 662.7 660 . 9 656.4 655.8 FEB. 7p 328.2 7.9 e 388.3 298.6 112.7 411.2 2432.9 644.8 1. 2. 3. C u r r e n c y o u t s i d e U.S. T r e a s u r y , F e d e r a l R e s e r v e B a n k s a n d t h e v a u l t s of d e p o s i t o r y institutions. O u t s t a n d i n g a m o u n t of U.S. d o l l a r - d e n o m i n a t e d t r a v e l e r s c h e c k s of n o n b a n k i s s u e r s . T r a v e l e r s c h e c k s i s s u e d by d e p o s i t o r y institutions a r e included in d e m a n d d e p o s i t s . D e m a n d d e p o s i t s at c o m m e r c i a l b a n k s a n d f o r e i g n - r e l a t e d institutions o t h e r t h a n t h o s e d u e to d e p o s i t o r y institutions, t h e U.S. g o v e r n m e n t a n d foreign b a n k s a n d official institutions, l e s s c a s h i t e m s in t h e p r o c e s s of collection a n d F e d e r a l R e s e r v e float. 4. C o n s i s t s of N O W a n d ATS b a l a n c e s at c o m m e r c i a l b a n k s , U.S. b r a n c h e s a n d a g e n c i e s of foreign b a n k s , a n d E d g e Act c o r p o r a t i o n s . 5. C o n s i s t s of N O W a n d ATS b a l a n c e s at thrifts, credit union s h a r e draft b a l a n c e s , a n d d e m a n d d e p o s i t s at thrifts. 6. S u m of overnight R P s a n d Eurodollars, m o n e y m a r k e t f u n d b a l a n c e s ( g e n e r a l p u r p o s e a n d b r o k e r / d e a l e r ) , s a v i n g s d e p o s i t s (including m o n e y m a r k e t d e p o s i t a c c o u n t s ) a n d small time d e p o s i t s . This s u m is s e a s o n a l l y a d j u s t e d a s a w h o l e . 7. S u m of large t i m e d e p o s i t s , t e r m R P s a n d Eurodollars of U.S. r e s i d e n t s , m o n e y market f u n d b a l a n c e s (institution-only), l e s s t h e e s t i m a t e d a m o u n t of overnight R P s a n d Eu r o d o llar s held by institution-only m o n e y m a r k e t m u t u a l f u n d s . This s u m is s e a s o n a l l y a d j u s t e d a s a w h o l e . http://fraser.stlouisfed.org/ timated Federal Reservee Banke sof St. Louis p preliminary Page 5 H.6 (508) Table 4 - continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, seasonally adjusted Savings deposits1 Date At commercial banks 737.1 At thrift institutions 423.2 OCT. NOV. DEC. 745.7 751.1 754.6 1993-JAN. FEB. MAR. 3. 4. p Institutiononly money market funds 911. 0 354.5 218.7 At commercial banks 4 307.8 Large-denomination time deposits3 1160 . 3 At commercial banks 527.2 At thrift institutions 383.8 425.4 427.8 429 . 0 1171. 1 1178. 9 1183 . 6 520.7 513.4 508.7 375 . 5 368.8 361.8 896. 2 882 . 2 870 . 5 356.4 353 .7 352.0 209 .6 208.5 201.5 301.0 296.1 292.8 69.9 68.5 67.5 371.0 364.6 360.3 754.1 757 . 2 757 .2 429 . 8 426.5 425.3 1183 .8 1183.7 1182.4 504.2 504 . 8 501.7 356.7 349 . 0 345.1 860.8 853.8 846.8 350.3 345.3 345.9 196.6 198.0 197.7 285.7 284.1 279.8 67.5 66.0 65.1 353 .2 350.1 344.8 APR. MAY JUNE 759.5 766.7 771.0 426.0 428.4 429.4 1185.5 1195.1 1200.4 496.6 491.9 487 . 5 342.8 340 .5 336.3 839.4 832.4 823 . 9 345.9 348.5 347.5 196.3 198.0 194.7 283 . 6 283.7 281.1 65.3 64.7 64.4 348.9 348.3 345.5 JULY AUG. SEP. 771.7 775.4 778.0 430.4 430.5 430.4 1202.1 1205.9 1208.4 483 . 0 478.6 475.4 331. 8 328 . 9 325.8 814.8 807.5 801.2 346 . 6 345.5 345.0 192.6 190.1 190.8 277 .6 278.0 276.8 64.5 63.9 63 . 8 342.1 341.9 340 .6 OCT. NOV. DEC. 778. 782 . 785.3 430.4 429.5 430.2 1208 . 8 1211.9 1215.5 472.4 469.5 468 . 6 322.8 320.3 316.1 795 .2 789 . 8 784.6 344.8 347.8 349.9 194.3 194.8 197.0 278.2 276.3 277.5 63.7 63.5 61.7 341.9 339.7 339.2 1994-JAN. P 789 . 9 430.2 1220 . 1 465 .5 314 .0 779 . 5 348,. 9 1 9 2 ,.7 2 7 9 ,.7 61, .9 3 4 1 .6 Week e n d l n a 1 9 9 3 - D E C . 13 20 27 787 .0 785,.0 785,.0 428.2 430.8 431.8 1 2 1 5 .2 1 2 1 5 .8 1 2 1 6 .8 469 ,.2 4 6 8 ,. 5 4 6 8 ,. 0 316 .6 3 1 5 .9 315 .4 785 784 783 ,.8 ,.4 ,.4 3 5 0 , .6 350,.1 3 4 9 . .4 199 ,.9 1 9 6 ,.8 1 9 6 , .3 2 7 7 ,.8 2 7 7 ..3 2 7 6 . .3 6 1 . .9 6 1 . .6 6 1 . .2 3 3 9 ,.6 3 3 8 ..9 3 3 7 . .5 19 9 2 - S E P . 1. 2. General purpose and broker/dealer money market funds Small-denomination time deposits2 Total Total At thrift institutions 69.9 Total 377.7 1994-JAN. 3 10 17 24 31p 7 8 4 . .2 7 8 8 . .2 7 9 4 ..5 7 9 0 ..4 7 8 9 . .5 431.0 429.2 430.7 430.6 430.2 1 2 1 5 ,.2 1217 ,.4 1 2 2 5 , .2 1221,.1 1219 ..7 467 ,.0 4 6 6 ..4 4 6 5 ..6 4 6 4 ..7 4 6 4 . .8 3 1 4 ,.5 3 1 4 ,.4 3 1 4 ,.4 3 1 4 , .0 313 ,. 1 7 8 1 . .6 7 8 0 . .8 7 8 0 ..0 7 7 8 . .8 777 .,9 351..1 3 5 1 . .5 3 4 9 ..3 3 4 8 . .5 3 4 5 . ,5 1 9 8 ,.7 1 9 2 ..1 1 9 2 . .3 1 9 1 . .5 1 9 2 ..0 2 7 8 . .4 2 7 9 ..9 2 8 1 . .4 2 8 1 . .2 2 7 7 ..1 6 1 . .5 6 1 . .6 6 1 . .8 62 ..0 6 2 . ,3 3 3 9 ..9 3 4 1 , .5 3 4 3 ,.2 3 4 3 . .2 3 3 9 ..4 FEB. 7p 7 9 0 . .6 429.2 1219 ..8 4 6 4 ..9 312 ..2 777 .,1 3 4 4 .,9 1 8 5 .. 1 2 7 4 . ,8 62 ..1 3 3 6 . .8 S m a l l - d e n o m i n a t i o n t i m e d e p o s i t s — i n c l u d i n g retail R P s — a r e t h o s e i s s u e d in a m o u n t s of l e s s t h a n $ 1 0 0 , 0 0 0 . All IRA a n d K e o g h a c c o u n t b a l a n c e s a t c o m m e r c i a l b a n k s a n d thrifts a r e s u b t r a c t e d f r o m small t i m e d e p o s i t s . L a r g e - d e n o m i n a t i o n t i m e d e p o s i t s a r e t h o s e i s s u e d in a m o u n t s of $ 1 0 0 , 0 0 0 or m o r e , e x c l u d i n g t h o s e b o o k e d a t i n t e r n a t i o n a l b a n k i n g f a c i l i t i e s . L a r g e - d e n o m i n a t i o n t i m e d e p o s i t s a t c o m m e r c i a l b a n k s l e s s t h o s e h e l d b y m o n e y m a r k e t m u t u a l f u n d s , d e p o s i t o r y i n s t i t u t i o n s , U . S . g o v e r n m e n t a n d f o r e i g n b a n k s a n d official institutions. preliminary Page 6 H.6 (508) Table 4 - continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, seasonally adjusted 1992-SEP. 149.7 Short-term Treasury securities1 324.0 OCT. NOV. DEC. 152.1 154.6 156.6 324.1 326.6 332.5 20.6 20.3 20.6 364.8 369 .7 364.3 3015.3 3033.4 3068.4 8610.4 8632.2 8652.7 1993-JAN. FEB. MAR. 158.7 160.8 162.4 338.2 341.4 340.5 20.6 20.0 19.4 361.0 359.4 361.7 3078.7 3090.8 3121.1 8679.1 8690.8 8700.1 APR. MAY JUNE 163.6 164.7 165.9 343 .7 345.1 345.9 19.3 19.2 18.5 367.3 371.9 371.0 3149.0 3175.8 3208.1 8718.5 8736.9 8768.0 JULY AUG. SEP. 167.1 168.2 169.2 343.4 342.9 327.3 17.4 16.5 16.4 370.2 379.6 378.0 3227.6 3251.1 3270.4 8805.9 8837.3 8871.5 OCT. NOV. DEC. p 170.1 170.8 171.7 322 .0 320.8 328.4 16.4 16.1 16.3 384.3 383.8 386.2 3266.3 3291.2 3327.6 8911.1 8948.3 8989.2 Savings bonds 1. Debt components 4 Non-M3 Components of L Date Commercial paper3 Non-Federal debt Bankers acceptances 2 20.7 361.9 3012.9 8584.9 Federal debt 2. 3. 4. C o n s i s t s of U.S. T r e a s u r y bills a n d c o u p o n s with r e m a i n i n g m a t u r i t i e s of l e s s t h a n 12 m o n t h s held by other t h a n d e p o s i t o r y institutions, F e d e r a l R e s e r v e B a n k s , m o n e y m a r k e t m u t u a l f u n d s , a n d f o r e i g n entities. Net of b a n k e r s a c c e p t a n c e s held by a c c e p t i n g b a n k s , F e d e r a l R e s e r v e B a n k s , foreign official institutions, F e d e r a l H o m e Loan B a n k s , a n d m o n e y m a r k e t m u t u a l f u n d s . Total c o m m e r c i a l p a p e r l e s s c o m m e r c i a l p a p e r held by m o n e y m a r k e t mutual f u n d s . Debt d a t a a r e on a m o n t h l y a v e r a g e b a s i s , d e r i v e d by a v e r a g i n g a d j a c e n t e n d - o f - m o n t h levels, a n d h a v e b e e n a d j u s t e d to r e m o v e discontinuities. p preliminary H.6 (508) Table 5 COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, not seasonally adjusted Currency1 Date Travelers checks 2 Demand deposits 3 Nontransactions components Other checkable deposits At commercial banks 4 At thrift institutions5 Total In M2 In M3 only 6 Overnight RPs8 7 Overnight Eurodollars5 1992-SEP. 2 8 4 . ,6 8. 5 325. 9 264. 1 100. 5 364. 6 2503. 1 703 . 3 63. 1 17.7 OCT. NOV. DEC. 2 8 6 . .9 2 9 0 , .0 2 9 5 . .0 8. ,4 7. 9 7. ,8 336. 4 343. 9 355. 1 268. 4 277. 0 284. 3 101. ,7 103. .6 104. .6 370. 1 380. 6 388. 9 2502. 8 2494. 9 2480 . 9 685. 9 686. 2 670. 5 62. 1 60. 0 59. 3 19.9 20.9 21.3 1993-JAN. FEB. MAR. 2 9 3 . .5 2 9 5 . .3 2 9 7 . .9 7. .8 7. .7 7. .8 345. ,9 334. ,3 3 3 6 . ,5 289 .,4 284. 2 2 8 6 . ,5 104. .4 101. .5 103. .0 393. 8 385. 7 3 8 9 . ,5 2467 .,3 2461. 2 2 4 6 4 . .1 654. 6 665. 2 6 6 1 . ,5 60. 0 60. 7 62. 7 17.8 17.0 16.1 APR. MAY JUNE 3 0 1 . .3 3 0 4 . .4 3 0 7 . .4 7. .8 7. .9 8. .2 350. .5 352. .0 359. .6 2 9 1 . .9 2 8 7 . .6 2 9 0 . .6 107. .3 106. .2 107. .5 3 9 9 . .2 3 9 3 . .8 3 9 8 . ,0 2 4 5 6 . .4 2449 ..2 2 4 5 1 . .2 662 ..1 671. .4 659. .9 62. 5 61. ,7 64. ,8 14.7 13.5 13.7 JULY AUG. SEP. 3 1 1 . .0 3 1 2 , .8 314 .8 8..4 8..4 8..2 365. .9 367. .9 373. .1 2 9 0 . .9 292 ..1 2 9 5 . .0 108. .5 107. .7 108. .0 3 9 9 . .3 3 9 9 . .7 403. .0 2 4 4 5 . .6 2441. .1 2 4 3 5 . .9 650. .3 654. .8 651. .4 67. .7 67. .4 7 0 . .4 13.5 14.7 14.9 OCT. NOV. DEC. 317, .3 319, .8 324 .9 8..0 7. .7 7, .6 381. .2 391. .2 402. .7 295. .6 299. .5 306, .2 109, .8 111. .4 112, .4 405. .3 410. .9 418. .6 2 4 3 3 . .5 2437, .8 2434, .5 652. .3 660. .2 659, . 1 70. .8 71. .7 72. .5 17.2 17.4 17.6 1994-JAN. p 324 .0 7 .7 393 ,.3 306 .7 111 . 1 417, .9 2436, .0 653 .6 75, .7 17.4 Week e n d l n a 1993-DEC. 13 20 27 323 .0 325 .2 328 .3 7 .6 7 .6 7 .7 397, .9 401, .7 404 .7 305 .7 306 .4 304 .7 113 .6 111 .3 109 .7 419 ,.4 417 .6 414 .4 2448 .4 2432 .7 2417 .3 667 .5 659 . 1 663 .5 74, .3 71, .6 66 . 1 17.4 17.9 17.0 325 324 324 323 322 7 .7 7 .7 7 .7 7 .7 7 .6 417 404 398 381 377 2427 2440 2443 2435 2428 643 650 659 652 656 75 74 74 76 77 .9 .9 .4 .4 .2 18.2 17.6 16.7 16.9 17.9 7 .6 e 383 . 2 75 .6 16.2 1994-JAN. 3 10 17 24 3 IP FEB. 7p .3 .9 .2 .2 .9 327 .3 .3 .2 .4 .7 .8 310 318 307 302 295 .8 .3 .8 .4 .2 303 .2 112 115 112 108 107 .8 .2 .5 .4 .1 112 .4 423 433 420 410 402 .6 .4 .4 .8 .2 415 .7 .2 .8 .8 .1 .1 2432 . 4 .2 .7 .0 .6 .7 643 .7 C u r r e n c y o u t s i d e U.S. T r e a s u r y , F e d e r a l R e s e r v e B a n k s a n d t h e vaults of d e p o s i t o r y institutions. O u t s t a n d i n g a m o u n t of U.S. d o l l a r - d e n o m i n a t e d t r a v e l e r s c h e c k s of n o n b a n k i s s u e r s . T r a v e l e r s c h e c k s i s s u e d by d e p o s i t o r y institutions a r e i n c l u d e d in d e m a n d d e p o s i t s . D e m a n d d e p o s i t s at c o m m e r c i a l b a n k s a n d f o r e i g n - r e l a t e d institutions o t h e r t h a n t h o s e d u e to d e p o s i t o r y institutions, t h e U.S. g o v e r n m e n t a n d foreign b a n k s a n d official institutions, l e s s c a s h i t e m s in t h e p r o c e s s of collection a n d F e d e r a l R e s e r v e float. C o n s i s t s of N O W a n d A T S b a l a n c e s at c o m m e r c i a l b a n k s , U.S. b r a n c h e s a n d a g e n c i e s of foreign b a n k s , a n d E d g e Act c o r p o r a t i o n s . 4. C o n s i s t s of N O W a n d A T S b a l a n c e s at thrifts, credit union s h a r e draft b a l a n c e s , a n d d e m a n d d e p o s i t s at thrifts. 5. S u m of overnight R P s a n d Eurodollars, money market fund balances (general purpose a n d broker/dealer), savings deposits (including money market deposit accounts) and small time deposits. 6. S u m of l a r g e t i m e d e p o s i t s , t e r m R P s a n d E u r o dolla rs of U.S. r e s i d e n t s , m o n e y m a r k e t f u n d b a l a n c e s (institution-only), l e s s t h e e s t i m a t e d a m o u n t of overnight R P s a n d 7. E u r o d o l l a r s held by institution-only m o n e y m a r k e t m u t u a l f u n d s . 8. Consists of overnight and continuing contract R P s issued by all depository institutions to other than depository institutions and money market mutual f u n d s (general purpose and broker/dealer). I s s u e d b y f o r e i g n b r a n c h e s of U.S. b a n k s worldwide to U.S. r e s i d e n t s o t h e r t h a n d e p o s i t o r y institutions a n d m o n e y m a r k e t m u t u a l f u n d s ( g e n e r a l p u r p o s e a n d b r o k e r / d e a l e r ) . 9. http://fraser.stlouisfed.org/ p preliminary e Bank estim t e dLouis Federal Reserve ofaSt. 1. 2. 3. Page 8 H.6 (508) Table 5 - continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, not seasonally adjusted Savings deposits 1 Date At commercial banks 735.9 At thrift institutions Total 422 . 6 OCT. NOV. DEC. 745.0 752.5 752.9 J.993-JAN. FEB MAR- Large-denomination time deposits3 1158.5 913.0 350.7 214.6 At commercial banks 4 308.8 425.1 428.6 428.1 1170.1 1181.1 1181.1 521.6 512.7 507.8 376.1 368.3 361.2 897.7 881.1 869.0 353.0 351.9 350.2 204.3 207.4 200 . 4 750.2 754.0 758.5 427.5 424.7 426.0 1177.7 1178.7 1184.5 504.4 504.7 501.3 356.8 349.0 344.8 861.3 853.6 846.1 350.6 351.2 354.8 APR MAY JUNE 761.9 767.2 773.6 427.4 428.6 430.9 1189.3 1195.8 1204.5 496.1 490.7 487.1 342.4 339.7 336.0 838.5 830.5 823.0 0 1 7L Y * 773.6 776.0 776.7 431.4 430.8 429.7 1205.0 1206.9 1206.4 483.9 479.6 476.7 332.5 329.6 326.7 - 777.7 784.0 783.8 430.0 430.4 429.3 1207.7 1214.4 1213.2 473.3 468.8 467.6 1994-JAN. p 785 .9 428 . 0 1 2 1 3 .9 Week endlncr 1993-DEC. 13 20 27 790 . 8 782 .1 778 .3 430 .2 429 .2 428 . 1 SEP OCT NOV DEC p Institutiononly money market funds At thrift institutions 384.7 AUG 3. 4. General purpose and broker/dealer money market funds At commercial banks 528.4 1992-SEP. 1. 2. Small-denomination time deposits2 At thrift institutions Total 70.2 378.9 300.7 296.4 291.7 69.9 68.6 67.2 370.6 365.0 358.9 200.5 208.4 201.1 282.8 282.5 279.7 66.8 65.7 65.0 349.6 348.2 344.8 351.4 347.7 345.2 195.6 199.7 191.0 282.8 285.9 283.0 65.1 65.2 64.8 347.8 351.1 347.8 816.4 809.2 803.4 343.0 343.0 340.8 188.6 190.1 187.5 277.3 279.8 277.8 64.4 64.3 64.0 341.8 344.0 341.8 323.4 319.8 315.4 796.7 788.6 783.0 341.1 345.8 348.3 189.2 194.0 195.8 277.9 276.6 276.4 63.7 63.5 61.4 341.6 340.1 337.8 4 6 5 ..6 314 . 1 7 7 9 .7 349 . 3 196 .2 2 7 6 .7 6 1 . .2 3 3 7 , .9 1221 .0 1211 .3 1206 . 4 4 6 8 ,.2 467 ,.2 466,. 8 3 1 5 ,.9 3 1 5 ..0 3 1 4 , .6 7 8 4 ,. 1 7 8 2 ,.2 7 8 1 , .4 3 5 1 , .6 349 ,.7 346,.4 2 0 1 .2 1 9 6 .9 1 9 6 .2 2 7 7 ,. 5 2 7 5 .7 2 7 4 , .9 6 1 . .8 6 1 . .3 60 ..8 3 3 9 .3 337,.0 3 3 5 . .7 314 314 314 314 313 ,.4 ,.6 ,.5 ,.0 ,.0 7 8 1 , .2 7 8 1 , .4 7 8 0 , .3 7 7 8 ,.7 7 7 7 ,.7 3 4 4 , .2 348,. 6 3 5 0 . .7 3 5 1 , .7 3 4 8 . .3 189 189 197 197 203 ,. 4 ,. 4 ,.3 ,.7 ,.3 276,.0 2 7 7 ,.7 2 7 8 ..8 2 7 7 ..7 2 7 2 ..9 6 1 . .0 6 1 . .1 6 1 . .2 6 1 . .2 6 1 . .3 3 3 7 . .0 3 3 8 . .9 3 4 0 . .0 3 3 9 . .0 3 3 4 . .2 312 ,.2 7 7 7 ..2 3 4 8 . .2 1 9 3 ,.0 2 7 1 . .7 6 1 . .4 333..1 1994-JAN. 3 10 17 24 3 lp 7 7 9 ,. 4 7 8 8 , .7 7 9 2 , .3 784,.1 7 8 1 . .2 428 429 429 427 425 .3 ,. 5 ,. 4 ,.2 ,.7 1 2 0 7 ,.7 1 2 1 8 ..3 1 2 2 1 .1 1211,.4 1 2 0 6 ,.9 466 466 465 464 464 FEB. 7p 7 8 7 . .6 427 ,. 6 1 2 1 5 ,.2 4 6 5 ..0 ,.8 ,. 8 ,.7 ..1 ..7 Total Savings deposits include m o n e y market deposit a c c o u n t s . S m a l l - d e n o m i n a t i o n t i m e d e p o s i t s — i n c l u d i n g retail R P s — a r e t h o s e i s s u e d in a m o u n t s of l e s s t h a n $ 1 0 0 , 0 0 0 . All IRA a n d K e o g h a c c o u n t b a l a n c e s at c o m m e r c i a l b a n k s a n d thrifts a r e s u b t r a c t e d f r o m small t i m e d e p o s i t s . L a r g e - d e n o m i n a t i o n t i m e d e p o s i t s a r e t h o s e i s s u e d in a m o u n t s of $ 1 0 0 , 0 0 0 or m o r e , e x c l u d i n g t h o s e b o o k e d a t i n t e r n a t i o n a l b a n k i n g facilities. L a r g e - d e n o m i n a t i o n t i m e d e p o s i t s at c o m m e r c i a l b a n k s l e s s t h o s e h e l d by m o n e y m a r k e t mutual f u n d s , d e p o s i t o r y institutions, U.S. g o v e r n m e n t , a n d foreign b a n k s a n d official i n s t i t u t i o n s . preliminary Page 9 H.6 (508) Table 5 - continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, not seasonally adjusted Term RPs1 At commercial banks At thrift institutions Total Term Eurodollars2 Savings bonds 19 92-SEP. 58.1 19 .7 77 .8 49 . 4 OCT. NOV. DEC. 59.8 61.5 61.1 20.1 20.3 20.0 79.9 81.8 81.1 19 93-JAN. FEB, MAR. 59.1 60.2 63.7 21.0 22 . 1 22.3 APR. HAY JUNE 65.9 66.6 70.2 JULY AUG „ SEP, OCT. NOV. DEC „ Date 1. 2. 3. 4. 5. 6. Debt components6 Non-M3 Components of L Bankers acceptances4 Commercial paper5 149 .2 Short-term Treasury securities3 322 . 6 20.2 363 . 2 2993 . 9 8570 .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 8600.8 8628.5 8652.2 80.1 82.3 86.0 43.5 46.7 49.8 158.6 161.0 162 . 9 343 . 9 342.6 344.0 21.4 20.2 18 . 9 367.7 359.1 361.7 3076.2 3087.3 3121.4 8668.1 8669.2 8676.2 22.9 23.2 22.6 88.9 89.8 92.8 48.7 48.7 45.5 164.2 165.2 166.1 335.2 336 . 8 340.2 18.7 19 . 1 18 . 5 369 . 9 366 . 8 369.7 3142.9 3161.1 3188.9 8697.3 8720.7 8753.8 72.7 71.9 71.1 23.7 24.2 24.5 96.4 96.0 95.6 41.9 44.1 45.2 167 . 0 167.8 168.7 338.9 341.6 325.3 17 . 4 16.2 15.9 367.1 374.7 379 . 8 3201.8 3229.4 3251.9 8792.4 8822.3 8858.2 70.2 69.4 70.3 24.0 24.7 25.0 94.3 94.0 95.4 45.0 48.7 45.8 169 . 6 170.6 171.4 p 320 . 1 328 . 5 341.0 16.2 16 . 5 17 . 0 384.7 385.3 388.7 p 3249.4 3287.0 3329.5 p 8901.0 8942.8 8987.8 p 1994-JAN. p 65.5 25.2 90.7 44.1 Week e n d i n g 1993-DEC. 13 20 27 70.9 69.8 74.9 24.7 24.8 25.3 95.7 94.7 100.1 46.5 46.4 46.9 199 4-JAN. 3 10 17 24 3 lp 66.6 66.4 66.2 64.2 64.7 24.8 25.4 25.5 25.3 24.9 91.3 91.9 91.6 89.5 89 .6 41.5 45.8 45.0 42.1 44.5 FEB. 7p 61.2 25.0 86.2 46.7 Federal debt Non-Federal debt T e r m R P s a r e t h o s e with original m a t u r i t i e s g r e a t e r t h a n o n e d a y , excluding continuing c o n t r a c t s a n d retail R P s . T e r m Eurodollars a r e t h o s e with original maturities g r e a t e r t h a n o n e d a y . C o n s i s t s of t h o s e i s s u e d to U.S. r e s i d e n t s by f o r e i g n b r a n c h e s of U.S. b a n k s world-wide a n d by all b a n k i n g o f f i c e s in t h e United K i n g d o m a n d C a n a d a . E x c l u d e s t h o s e held by d e p o s i t o r y institutions a n d m o n e y m a r k e t mutual f u n d s . C o n s i s t s of U.S. T r e a s u r y bills a n d c o u p o n s with r e m a i n i n g maturities of l e s s t h a n 12 m o n t h s held by other t h a n d e p o s i t o r y institutions, F e d e r a l R e s e r v e B a n k s , m o n e y m a r k e t m u t u a l f u n d s , a n d f o r e i g n entities. Net of b a n k e r s a c c e p t a n c e s held by a c c e p t i n g b a n k s , F e d e r a l R e s e r v e B a n k s , foreign official institutions, F e d e r a l H o m e Loan B a n k s , a n d m o n e y m a r k e t m u t u a l f u n d s . Total c o m m e r c i a l p a p e r l e s s c o m m e r c i a l p a p e r held by m o n e y m a r k e t m u t u a l f u n d s . Debt d a t a a r e on a m o n t h l y a v e r a g e b a s i s , derived by a v e r a g i n g a d j a c e n t e n d - o f - m o n t h levels, a n d h a v e b e e n a d j u s t e d to r e m o v e discontinuities. p preliminary 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-SEP. 8..5 1. 7 7. ,8 5. 4 10. 6 23. 2 39. 2 Time and savings deposits at commercial banks 2..5 OCT . NOV. DEC . 8..5 8..4 9..0 1. 7 1. 6 1. 6 8..1 8..9 9..6 4.,1 4..1 5. 2 5.,8 5.,5 6.,0 17. ,7 12. ,4 14. 3 27. 6 21. ,9 25. ,5 19 93-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..8 8..3 8..2 1. 7 1. 6 1. 6 10..8 11..1 11..5 5..8 4..2 5..4 6..2 5..8 8..1 JULY AUG. SEP . 8..5 8..1 8..5 1. 7 1. 6 1.,5 11..5 11..1 10..8 4..2 3..8 5..5 OCT . NOV. DEC. 8..3 8,.3 9,.2 1. 6 1. 8 1.,6 10..6 10..6 10..6 1994-JAN. p 8,.6 1.,6 Week endincr 19 9 3-DEC. 13 20 27 8 .2 9 .3 10 .9 Date # Demand deposits at commercial banks Balance at Federal Reserve Note balances at depository institutions Total cash balance IRA and Keogh Accounts At commercial banks . tfift institutions = funds Total 147..6 126. .7 43..0 317.2 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. .6 121. .2 44..6 45..6 45..6 315.6 315.1 314.4 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. .8 119. .1 118. .5 45..1 46..0 46..7 313.0 312.0 311.7 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..8 117. .7 e 116. .5 e 115. .6 e 47..3 47..4 47..5 311.4 e 309.9 e 308.8 e 4..5 4..0 5..2 5..9 5..6 6.7 12..6 8..8 16..2 23..1 18..4 28..1 2..7 2,.7 2..6 145..2 144..6 144,.2 115. .8 e 116. .2 e 115. .6 e 47..6 e 48..3 e 48..7 e 308.6 e 309.1 e 308.5 e 10,.6 5..6 7,.3 25..2 38..2 2,.1 143,.9 114. .2 e 49..0 e 307.1 e 1..5 1.,6 1..5 10 .6 10 .6 10 .6 3..6 8 .5 4,.0 4.7 7 .3 8 .1 1..3 13..9 27..5 9..6 29..8 39 ..6 2 .7 2 .6 2 .6 ' :r>- e p U.S. government deposits Time and savings deposits due to foreign banks and official institutions 199 4-JAN. 3 10 17 24 31p 8 .7 8 .9 8 .6 8 .7 8 .1 1.,8 1.,7 1..6 1.-7 1..5 10 .6 10 .6 10 .6 10 .6 10 .6 6,.4 4 .3 5 .5 7 .7 4 .7 9 .5 4 .7 4 .9 8 .0 10 .8 32..6 20..7 22 .8 20,.4 34,.0 48,.5 29 ,.7 33,.1 36,.0 49 ,.4 2 .3 0 .9 2 .5 2 .5 2 .3 FEB. 7p 8 .7 1..6 10 .6 4 .7 9 .7 33,.9 48,.3 2 .4 estimated preliminary H.6 (508) Special Supplementary Table Monthly Survey of Selected Deposits 1 December 29,1993 and January 26,1994 (not seasonally adjusted) Insured Commercial Banks Amount Outstanding ($mil.) Liability Categories Dec. 29 Jan. 26 NOW Accounts 305,223 293,816 766,413 597,838 Change (percent) Average Rate Paid (%) Change (b. p.) Dec. 29 Jan. 26 -3.74 1.86 1.85 -1 771,592 605,718 0.68 1.32 2.46 N.A. 2.46 N.A. 0 N.A. 168,575 165,873 -1.60 N.A. N.A. N.A. 29,455 29,441 -0.05 2.65 2.65 0 92 to 182 days 110,069 108,200 -1.70 2.91 2.91 0 183 days to 1 year 146,565 143,567 -2.05 3.13 3.15 2 1 to 2-'/ 2 year 141,223 142,422 0.85 3.55 3.57 2 181,528 182,183 0.36 4.29 4.31 2 143,985 143,791 -0.13 N.A. N.A. N.A. Savings Deposits Personal 2 Nonpersonal Interest-bearing time deposits with balances of less than $100,000 with original maturities of: 7 to 91 days 2-Vz years and over All IRA/Keogh Plan deposits 3 BIF-insured Savings Banks 4 Amount Outstanding ($mil.) Liability Categories NOW Accounts Savings Deposits Persona] 2 Nonpersonal Interest-bearing time deposits with balances of less than $100,000 with original maturies of: 7 to 91 days Dec. 29 Jan. 26 11,151 10,803 80,115 77,035 3,079 Change (percent) Average Rate Paid (%) Change (b. p.) Dec. 29 Jan. 26 -3.12 1.87 1.89 2 78,657 75,442 -1.82 -2.07 2.63 N.A. 2.62 N.A. -1 N.A. 3,215 4.41 N.A. N.A. N.A. 2,793 2,736 -2.05 2.70 2.69 -1 92 to 182 days 12,946 13,090 1.11 3.02 3.03 1 183 days to 1 year 17,426 17,413 -0.08 3.31 3.33 2 1 to 2-'/ 2 year 16,546 16,279 -1.62 3.66 3.73 7 20,464 20,625 0.79 4.62 4.61 -1 19.356 19,244 -0.58 N.A. N.A. N.A. 2-V2 years and over All IRA/Keogh Plan deposits 3 N.A. -- data are not available NOTE: Data for earlier month may show revisions. 1. Estimates are based on data collected by the Federal Reserve System from a stratified random sample of about 460 commercial banks and 80 savings banks. All rates are expressed as annual effective yields. 2. Includes personal and nonpersonal money market deposit accounts. 3. Total IRA and Keogh Plan deposits regardless of size, type of instrument in which held, or interest rate paid. 4. BIF-insured savings banks include both mutual and federal savings banks.
@FedFRASER