Full text of H.6 Money Stock Measures : January 13, 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

J A N U A R Y 13, 1994

M1 -

M22

M33

L4

DEBT

Seasonally adjusted
19 9 2 - J A N .
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

911. 5
926. 2
9 3 5 .. 1
941. 2
9 5 2 . .2
9 5 2 . .5
9 6 3 . .2
9 7 5 . ,5
9 9 0 .. 1
1 0 0 6 . .0
1 0 1 9 .. 1
1 0 2 6 . .6

3 4 5 1 . ,0
3 4 6 7 . .7
3 4 6 7 . .8
3 4 6 4 . .8
3 4 6 7 . .8
3 4 6 4 . .2
3 4 6 5 . .4
3 4 7 3 . .6
3 4 8 1 . .0
3 4 9 1 . .5
3 4 9 6 . .2
3 4 9 4 . .8

4172. 2
4 1 8 9 ., 0
4 1 8 4 . .8
4 1 7 7 . .9
4 1 8 0 .. 1
4 1 7 2 . .5
4171,.2
4 1 8 0 . .6
4 1 8 4 . .5
4 1 8 0 .. 6
4 1 7 6 . .6
4163 .,4

4 9 7 8 . .3
4 9 9 9 .. 1
5 0 1 0 .. 0
5 0 0 9 ..0
5 0 1 1 . .4
5 0 1 7 ..2
5 0 1 4 . .7
5027 . 8
5 0 3 8 . .9
5 0 3 1 . .3
5 0 4 9 ..0
5 0 4 0 . .4

1 1 1 8 9 . .9
1 1 2 3 5 . .0
1 1 2 8 4 . .9
11335 .6
1 1 3 8 1 .7
11434 .8
11494 . 1
11553 .4
11597 .8
1 1 6 2 5 .7
1 1 6 6 5 .6
11721 .1

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

1033. 2
1 0 3 3 . .0
1 0 3 5 . .2
1 0 4 3 . .0
1 0 6 6 . .9
1 0 7 3 . .3
1 0 8 5 . .3
1 0 9 4 . .4
1106. 8
1116. 4
1126. 0
1131. 4

3 4 8 5 . .7
3 4 7 4 .. 1
3 4 7 1 . .6
3 4 7 3 . .6
3 5 0 3 ..8
3 5 1 1 . .4
3 5 1 7 . .6
3 5 2 1 .. 6
3 5 3 4 . .0
3 5 3 6 .. 1
3548. 8
3556. 8

4 1 3 8 .. 1
4 1 3 1 ,. 8
4127 .,2
4 1 3 7 .. 5
4 1 6 6 ..3
4 1 6 5 ..9
4 1 6 4 ., 1
4 1 6 7 . ,0
4 1 8 1 ., 1
4 1 8 8 . .8
4203 . 3
4215. 1

5 0 1 5 . .8
5 0 1 1 . .8
5 0 1 1 . .0
5 0 2 6 ..8
5 0 6 6 . .0
5 0 6 8 . .6
5 0 6 6 . .0
5 0 7 8 ..2
5 0 6 9 . .5
5 0 8 0 ..5
5 0 9 9 ..0 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
11976 . 1
1 2 0 3 3 .4
1 2 0 8 8 . .3
1 2 1 4 1 . .9
1 2 1 7 9 . .2
1 2 2 4 1 . .8 p

Not seasonally adjusted
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
3452.8
3459.3
3462.8
3468.1
3468.6
3485.7
3499.1
3509.0

4174.1
4186.5
4195.1
4195.0
4167.5
4167.4
4165.7
4180.4
4173.0
4170.6
4181.9
4175.5

4993.2
4999.6
5023.4
5024.9
4988.4
5004.3
4998.4
5017.8
5028.3
5030.4
5061.8
5064.9

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

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

1040.2
1022.2
1030.7
1058.2
1057.6
1072.7
1084.0
1088.0
1098.5

3491.5
3468.1
3478.4
3497.0
3488.2
3507.0
3514.2
3514.4
3520.4
3530.1
3552.1
3573.8

4140.7
4129.2
4137.2
4156.6
4152.8
4161.1
4157.7
4164.9
4168.4
4178.9
4209.3
4229.8

5032.4
5012.0
5024.7
5044.6
5040.7
5055.5
5048.1
5065.3
5058.2
5069.7
5112.8 p

11744.2
11756.5
11797.6
11840.2
11881.7
11942.7
11994.1
12051.7
12110.2
12152.2
12232.1 p

1111.2
1128.7
1153.0

Footnotes 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

f r o m SEP.

6 Months

f r o m JUNE 1 9 9 3

12 M o n t h s

f r o m DEC.

19 93 TO DEC.
to

1993

M2

M3

DEBT1

8.9

2.6

3.3

5.1

2.4

5.5
4.9

DEC.

1993

H
O
00

3 Months

M1

2.6

1 9 9 2 TO DEC.

1993

10.2

1.8

1.2

10.3

2.5

2.9

T h i r t e e n w e e k s e n d i n g JANUARY
3 , 1994
f r o m t h i r t e e n weeks e n d i n g :
OCT.
4, 1993 (13 weeks p r e v i o u s )
JULY

5,

1993

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

11.7

2.8

2.1

JAN.

4/

1993

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

10.4

1.5

0.7

and November 1992 to November 1993, respectively.
Footnotes to Table 1:

1.

then adding tlnis result to seasonally a d j u s t e d

a

n

d

the u s

- - government. Seasonally adjusted M2 is computed by adjusting its non-M1 component as a whole and

3.

4.
5.

Eurodollars held by
and tax-exempt institu-

mu^uEd%nd^holdings*W these^assets'^ foldings °* U.S. savings bonds, short-term Treasury securities, commercial paper and bankers acceptances, net of money market
nf

of

outstanding credit market debt of the U.S. government, state and local governments and private nonfinancial sectors. Private

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
M1
Period ending
1993-OCT.

NOV.

13-week
average

4-week
average

11
18
25

1099.1
1101.7
1104.0

1111.3
1112.9
1114.6

1

1106.3
1108.7

8
15
22
29
DEC.

199 4 - J A M .

1111.1
1113.6
1116.0

1118.1

M2
week
average

M3

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

1117.6
1116.5

3527.4
3528.9
3529.9

3536.4
3536.5
3536.2

3537.4
3537.2
3532.3

4174.0
4175.5
4177.8

4187.3
4187.7
4189.4

4188.0
4188.1
4190.0

1116.9
1119.4
1121.7
1124.4
1126.2

1121.2
1122.3
1126.7
1127.3
1128.4

3530.7
3532.7
3534.6
3536.7
3539.2

3535.1
3536.7
3540.3
3545.0
3549.1

3533.3
3544.1
3551.3
3551.3
3549.6

4179.3
4181.8
4184.4
4187.4
4190.5

4187.6
4189.4
4193.6
4198.1
4203.8

4184.1
4195.2
4205.0
4208.2
4206.9

1112.1

6
13
20
27p

1120.0
1121.7
1123.6

1127.7
1127.6
1129.0
1130.5

1128.3
1126.2
1133.1
1134.2

3541.4
3543.1
3544.7
3546.0

3552.6
3554.1
3555.7
3556.0

3558.3
3557.0
3557.7
3551.0

4193.8
4196.6
4199.0
4201.1

4207.7
4211.1
4213.4
4214.3

4210.5
4218.8
4217.5
4210.2

3p

1125.1

1131.6

1132.9

3547.6

3556.0

3558.4

4202.9

4215.4

4215.1

Not seasonally adjusted
1993-OCT.

11
18
25

1 0 9 2 .3
1095 .0
1097 . 4

1 1 0 0 .2
1104 .5
1109 .7

1 1 1 5 .9
1117 .2
1096 .0

3517 .7
3519 . 5
3 5 2 0 , .8

3519 .5
3 5 2 4 .3
3529 .7

3 5 4 1 .9
3 5 3 8 .2
3509 .9

4165.5
4167.2
4169.7

4 1 6 6 . .4
4 1 7 0 .. 1
4 1 7 7 .. 1

4189.1
4185.2
4166.8

NOV.

1
8
15
22
29

1099 .7
1102 .2
1 1 0 5 .4
1 1 0 8 , .6
1 1 1 2 , .3

1 1 1 0 , .2
1 1 1 4 . .3
1 1 1 9 .. 1
1 1 2 5 .. 1
1 1 2 8 . .2

1 1 1 1 .8
1 1 3 2 .3
1 1 3 6 , .4
1 1 1 9 .9
1 1 2 4 , .0

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

3 5 2 8 .6
3 5 3 2 , .5
3 5 3 9 , .5
3 5 4 8 , .0
3 5 5 1 . .6

3 5 2 4 .3
3 5 5 7 , .6
3 5 6 6 , .2
3 5 4 3 , .8
3 5 3 8 , .8

4171.0
4173.8
4177.0
4180.7
4184.8

4 1 7 8 . .9
4 1 8 4 . .2
4 1 9 3 .. 1
4 2 0 1 . .9
4 2 0 9 . .3

4174.4
4210.5
4220.6
4202.1
4203.8

DEC.

6
13
20
27p

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

1 1 3 2 . .4
1 1 3 5 . .0
1 1 4 2 . .9
1 1 5 0 . .5

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

3 5 3 7 .. 1
3 5 4 0 . .0
3 5 4 3 . .9
3 5 4 9 . .3

3 5 5 7 . .5
3 5 6 1 . .4
3 5 6 8 . .0
3 5 7 2 . .7

3 5 8 1 . .2
3 5 8 1 . .6
3 5 7 0 ..3
3 5 5 7 . .8

4189.0
4193.0
4197.3
4203.3

4 2 1 4 . .9
4 2 2 1 . .4
4 2 2 7 . .4
4 2 3 0 .. 9

4233.1
4246.5
4226.3
4217.8

3P

1 1 3 3 . .0

1 1 5 6 . ,6

1 1 7 3 . .5

3 5 5 3 . .7

3 5 7 4 . .2

3 5 8 7 . .0

4207.9

4 2 2 9 . .3

4226.7

1994-JAN.

,

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

H.6 (508)
Table 4

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

282.4
286.3

OCT.
NOV.
DEC.

288.0
289 . 8
292 . 3

8.2

1993-JAN.
FEB.
MAR.

294.8
296.9
299 . 0

8.0
8.0

APR.
HAY
JUNE

301.4
304.0
306.8

JULY
AUG.
SEP.
OCT.
NOV.
DEC. p

DEC.

1994-JAN.

4.
5.
6.
7.

Travelers checks2

19 9 2 - A U G .
SEP.

1993-NOV.

1.
2
3.

Currency1

7.8

Demand deposits3

Other checkable deposits
At commercial
banks4

At thrift
institutions5

Nontransactions components
Total

In M26

In M3 only7

100.1

362.8
366.7

2498.2
2490.9

707.0
703.6

373 . 7
381.6
385.2

2485.5
2477.1
2468.2

689.1
680.4
668.6

322.5
329.0

264.1
266.6

336.0
339.5
340.8

271.9
278.7

281.2

101.9
103.0
104.0

341.9
341.8
341.9

283.5
283.2
284.0

105.2
103.2
102.4

388.6
386.4
386.3

2452.5
2441.0
2436.4

652.4
657.7
655.6

8.2
8.0

347.3
359.2
360.7

283.2
290.8
292.1

103.1
104.6
105.7

386.2
395.5
397.8

2430.6
2437.0
2438.1

663.9
662.4
654.5

309 . 6
312.6
316.4

7.9
7.8
7.8

365.9
370.9
376.6

294.7
295.8
297.9

107.2
107.4
108.0

401.9
403.1
405.9

2432.4
2427.2
2427.2

646.5
645.4
647.1

318.2
319.9
321.5

7.9
8.0
8.0

380.2
385.5
386.0

299.7
301.4
303.6

110.5

111.2

410.2
412.7
416.0

2419.7
2422.8
2425.4

652.7
654.5
658.2

8
15
22
29

319.1
319.3
320.5
321.3

7.9
7.9
8.0
8.0

382.9
387.0
385.9
385.9

301.0
301.3
301.4
302.0

111.1

412.3
412.4
412.9
413.1

2421.7
2424.6
2424.0
2421.3

651.1
653.7
657.0
657.3

6
13
20
27p

320.9
320.6
321.4
321.7

8.0
8.0 e
8.0 e
7.9 e

385.4
382.0
386.3
387.2

303.7
304.1
304.4
304.4

110.3
111.4
113.1
112.9

414.0
415.5
417.5
417.3

2430.0
2430.9
2424.6
2416.8

652.3
661.7
659.8
659.2

3p

323.6

7.9

387.1

302.2

l l i .0

414.2

2425.6

656.6

8.1
8.3

8.1
8.0

8.1

e

98.7

112.3

111.4

111.1
111.5

Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
n^lan^i^o^UrJ
doll^-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits,
i
• deposits at commercial banks and foreign-related institutions other than those due to depository institutions, the U.S. government and foreign banks and official
institutions, less cash items in the process of collection and Federal Reserve float.
Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
Sum of overnight RPs and Eurodollars, money market fund balances (general purpose and broker/dealer), savings deposits (including money market deposit accounts) and
small time deposits. This sum is seasonally adjusted as a whole.
Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances (institution-only), less the estimated amount of overnight RPs and
Eurodollars held by institution-only money market mutual funds. This sum is seasonally adjusted as a whole.

e
estimated



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

p

Institutiononly money
market funds

Large-denomination time deposits3

At
thrift
institutions

Total

At
commercial
banks

At
thrift
institutions

1992-AUG.
SEP.

727 .6
737.2

418.2
421.7

1145.7
1158.9

535.6
527.5

390.1
383.5

925.7
911.0

348.9
343.9

220.9
220 .7

308.2
304.1

70.3
70.2

378.5
374.3

OCT.
NOV.
DEC.

746.1
752.5
756.1

424.4
427.9
429.9

1170.5
1180.4
1186.0

519.9
511.9
506.9

374.5
367.4
360.4

894.4
879.3
867.3

346.3
343.7
342.3

210.9
209 . 2
202.3

297.1
292.2
288.6

70.2
68.6
67.5

367.3
360.8
356.1

1993-JAN.
FEB.
MAR.

754.1
755.8
754.0

430.2
426.6
424.8

1184.4
1182.4
1178.8

502.6
504.0
501.8

355.7
349 . 1
346.3

858.3
853.1
848.1

340.0
333.2
332.7

197.7
201.9
200.9

281.5
278.5
273.5

67.4
65.9
65.0

348.8
344.3
338.4

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

344.1
341.5
338.1

841.2
834.4
826.9

331.5
336.4
336.2

200.4
202.8
198.1

278.2
278.6
275.6

65.3
64.7
64.4

343.5
343.4
340.0

JULY
SEP.

769 .5
773.9
777 .2

430.6
431.2
431.5

1200.1
1205.1
1208.7

483.8
479.3
475.8

334.0
331.1
327.8

817.8
810.3
803.7

335.9
334.2
332.4

195.0
193.3
194.1

271.2
272.2
270.9

64.5
64.0
63.9

335.6
336.1
334.8

OCT.
NOV.
DEC. p

778.0
783.3
786.6

431.6
431.3
432.2

1209.6
1214.6
1218.8

472.0
467.9
467.1

324.1
320.9
316.8

796.1
788.8
783.9

332.9
336.4
339 . 6

196.6
196.7
198.8

271.7
270.1
270.8

63.9
63.6

61.8

335.5
333.7
332.5

783.4
784.7
782.6
782.7

431.0
430.9
431.6
431.7

1 2 1 4 . .4
1 2 1 5 . .6
1 2 1 4 . .2
1 2 1 4 . .4

469
468
467
466

.1
.0
.7
.6

3 2 1 . .7
3 2 1 . .0
3 2 0 . .8
3 2 0 . .0

7 9 0 . .9
7 8 9 . .0
7 8 8 . .5
7 8 6 . .6

3 3 3 . .2
3 3 4 . .0
3 4 0 . .3
3 3 8 , .5

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

270.2
269 .8
268.9
271.9

6 4 . .0
63 ..8
63 ..3
6 3 . .3

334.2
333.5
332.1
335.2

Week e n d i n g
8
1993-NOV.
15
22
29

3.
4.

General
purpose and
broker/dealer
money
market funds

At
commercial
banks

AU3.

1.
2.

Small-denomination time deposits2
Total

At
commercial
banks4

At
thrift
institutions

Total

DEC.

6
13
20
27p

786.4
789.1
785.6
786.3

431.3
430.7
432.5
433.9

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

467 .6
467 .4
4 6 6 , .7
466 .6

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

7 8 5 . .6
7 8 4 . .5
7 8 3 ..0
7 8 2 . .9

3 3 7 , .9
3 4 0 .8
339 .4
339 .0

192 .7
2 0 0 ,. 8
1 9 6 .7
2 0 0 , .7

271.4
271.1
270.4
269.8

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

334.0
332.9
331.9
331.1

1994-JAN.

3p

784.6

432.9

1 2 1 7 . .6

466 . 8

3 1 6 .. 1

7 8 2 . .9

3 4 1 .4

205 .6

271.6

6 1 , .7

333.3

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 6

H.6 (508)
Table 4 - continued

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

Non-M3 Components of L

Date
Savings bonds

Short-term Treasury
securities1

Bankers acceptances2

Debt components4
Commercial paper3

Federal debt

Non-Federal debt

1992-AUG.
SEP.

147.4
149.3

322.9
321.0

21.1
20.7

355.7
363 . 4

2992.4
3012.9

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
20.1
19.2

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

19.2
19 . 4
18.7

365.5
368.4
369 . 1

3149.0
3175.8
3208.1

8718.5
8736.9
8768.0

JULY
AUG.

166.8
167.8
168.8

348.5
345.7
323.8

17.5
16.4
16.3

369 . 1
381.3
379.6

3227.6
3251.1
3270.4

8805.9
8837.3
8871.5

OCT.
NOV. p

169.8
170.9

317.3
323.0

16.1

388.5
386.7

3266.3
3291.2

8912.9
8950.6

15.1

I

1.
2.
3.
4.

Consists of U.S. Treasury bills and coupons with remaining maturities of less than 12 months held by other than depository
institutions, Federal Reserve Banks, money market
r
mutual funds, and foreign entities.
Net of bankers acceptances held by accepting banks, Federal Reserve Banks, foreign official institutions, Federal Home Loan Banks, and money market mutual funds.
Total commercial paper less commercial paper held by money market mutual funds.
Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities.

p

preliminary




Page 7

H.6 (508)
Table 5

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

Date

Demand
deposits3

Nontransactions components

Other checkable deposits
At commercial
banks4

At thrift
institutions5

6

Overnight RPs8

7

Total

In M2

In M3 only

Overnight
Eurodollars*

1992-AUG.
SEP.

282.9
284.6

8.4
8.5

319.8
326.1

260.8
264.0

98.4
99.6

359 . 2
363.6

2497.7
2485.7

712.3
704.4

61.9
58.5

16.8
17.7

OCT.
NOV.
DEC.

287.0
290.0
295.0

8.4
7.9
7.8

336.7
343.9
355.2

268.1
277.0
284.0

100.8
102.7
103.7

368.8
379.7
387.7

2484.8
2477.5
2463.3

684.9
682.8
666.4

57.2
54.9
53.4

19.9
20.9
21.3

1993-JAN.
FEB.
MAR.

293.6
295.3
297.9

7.8
7.7
7.8

346.1
334.2
336.3

289.1
284.0
286.4

103.6
100.8
102.4

392.7
384.9
388.8

2451.3
2445.9
2447.7

649.2
661.1
658.7

55.5
57.0
58.4

17.8
17.0
16.1

APR.
MAY
JUNE

301.4
304.4
307.4

7.8
7.9
8.2

350.6
352.1
359.7

291.9
287.5
290.6

106.6
105.6
106.9

398.5
393.2
397.5

2438.8
2430.6
2434.3

659.5
664.6
654.1

58.1
56.5
59.9

14.7
13.5
13.7

JULY
AUG.
SEP.

311.0
312.8
314.8

8.4
8.4
8.2

365.7
367.6
373.1

290.8
292.1
295.0

108.0
107.1
107.4

398.8
399.2
402.4

2430.2
2426.4
2421.9

643.5
650.5
648.0

62.9
63.6
67.0

13.5
14.7
14.9

OCT.
NOV.
DEC. p

317.4
319.8
324.9

8.0
7.7
7.6

381.0
390.7
402.1

295.5
299.6
306.4

109.2
110.9
111.9

404.8
410.5
418.3

2419.0
2423.4
2420.8

648.7
657.2
656.0

67.1
67.8
67.9

17.2
17.7
18.0

8
15
22
29

320.2
319.6
319.6
320.6

7.8
7.7
7.7
7.6

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

3 0 2 . .4
3 0 1 .. 1
2 9 8 . .2
2 9 6 ..4

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

415 .6
4 1 3 ,. 1
4 0 7 .2
4 0 5 .2

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

6 5 2 . .9
6 5 4 . .4
6 5 8 . .3
6 6 5 . .0

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

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

6
13
20
27p

321.9
323 . 1
325.3
328.3

7.6
7.6
7.6
7.7

e
e
e

3 9 8 . .2
3 9 7 . .4
4 0 1 . .2
4 0 4 .. 1

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

1 1 4 , .9
1 1 3 ,.2
1 1 0 ,. 8
1 0 9 ,.3

421
419
417
414

2 4 3 2 ..0
2 4 3 4 ,. 6
2 4 1 8 , .9
2 4 0 3 , .5

6 5 2 ..0
6 6 4 ,. 8
656 .0
660 .0

7 2 ,. 7
69 . 8
67 . 0
6 1 .3

1 8 ,. 0
1 7 , .7
1 8 .2
17 . 4

3p

325.5

7.7

e

4 1 6 . ,6

3 1 1 .. 1

1 1 2 ,. 6

423 .7

2 4 1 3 ,.5

6 3 9 , .7

70 .5

18 . 7

Week e n d i n g
1993-NOV.

DEC.

1994-JAN.

1.
2.
3.

Travelers
checks2

.4
.0
.3
.1

l

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.
4. Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
5. Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
6. 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.
7. Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances (institution-only), less trie estimated amount of overnight RPs and
Eurodollars held by institution-only money market mutual funds.
8. Consists of overnight and continuing contract MPs issued by all depository institutions to other than depository institutions and money market mutual funds (general purpose and broker/dealer).
9. Issued by foreign branches of U.S. banks worldwide to U.S. residents other than depository institutions and money market mutual funds (general purpose and broker/dealer).
Digitized foreFRASER
estimated
p
preliminary


Page 8

H.6 (508)
Table 5 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Savings deposits1
Date

At .
commercial
banks

At
thrift
institutions

1992-AUG.
SEP.

728.2
735.4

418.5
420.6

OCT.
NOV.
DEC.

744.4
751.9
752.3

1993-JAN.
FEB.
MAR.

Small-denomination time deposits2

General
purpose and
• broker/dealer
money
market funds

Institutiononly money
market funds

Large-denomination time deposits3

At
commercial
banks

At
thrift
institutions

Total

1146.7
1156.0

535.8
528.1

390.2
384.0

926.0
912.1

346.2
341.4

220.6
216.6

309.5
304.5

70.6
70.3

380.1
374.8

423.4
427.5
427.8

1167.9
1179.4
1180.0

521.1
512.5
507.7

375.3
367.9
360.9

896.5
880.4
868.6

343.4
341.9
340.0

206.3
209.5
202.4

296.3
292.1
287.5

70.0
68.6
67.3

366.3
360.7
354.8

749.5
753.1
757.5

427.6
425.1
426.8

1177.1
1178.3
1184.4

504.4
504.6
501.2

357.0
349.6
345.8

861.4
854.2
847.0

339.6
339.4
341.9

202.3
210.3
203.6

279.6
278.0
274.3

66.9
65.8
65.2

346.5
343.8
339.5

APR.
MAY
JUNE

760.9
766.0
772.3

428.2
429.4
431.6

1189.1
1195.4
1203.9

495.9
490.6
486.9

343.3
340.0
336.9

839.2
830.6
823.8

337.7
334.7
333.0

199.5
203.0
194.3

277.4
280.3
277.1

65.2
65.1
64.8

342.5
345.4
341.9

JULY
AUG.
SEP.

772.2
774.5
775.0

432.1
431.5
430.4

1204.3
1206.0
1205.4

483 . 8
479.4
476.5

334.0
331.2
328.3

817.8
810.6
804.8

331.7
331.5
329.7

191.8
193.3
190.7

270.8
273.3
271.2

64.4
64.2
64.0

335.2
337.5
335.3

OCT.
NOV.
DEC. p

776.1
782.5
782.4

430.5
430.8
429.9

1206.6
1213.3

1212.2

473.2
468.6
467.9

324.9
321.4
317.4

798.1
790.0
785.3

329.9
334.6
337.4

192.4
197.1
198.9

270.8
270.0
269.7

63 . 7
63.6
61.5

334.5
333.5
331.2

8
15
22
29

784
786
780
778

.4
.6
.5
.9

431.6
431.8
430.5
429 . 6

1216.0
1218.4
1211.0
1208.5

470
469
467
467

.0
.0
.9
.4

322 .3
3 2 1 , .7
3 2 1 ,. 0
3 2 0 ,. 6

792.2
790.6
788.9
788.0

330
332
338
337

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

269
269
269
271

.6
.6
.1
.8

63.9
63.7
63.3
63.3

333.5
333.3
332.4
335.2

DEC.

6
13
20
27p

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

431.0
430.7
429.7
428.6

1216.8
1220.0
1210.3
1205.4

4 6 8 ,. 6
4 6 8 , .4
4 6 7 , .6
4 6 7 . ,4

3 1 8 ..6
3 1 7 . .7
3 1 7 . .0
3 1 6 . .8

787.3
786.1
784.6
784.2

337 .2
3 4 1 ,. 0
3 3 8 ,.8 ,
3 3 5 , .3

1 9 5 ..0
2 0 4 . .3
2 0 0 . .0
1 9 9 . .3

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

62.5
61.8
61.3
60.9

333.5
332.9
330.5
329.0

199 4 - J A N .

3p

7 7 8 , .0

429.3

1207.2

4 6 7 . .6

3 1 6 . .6

784.2

3 3 2 ..8

1 9 2 . .5

2 6 8 . .7

61.0

329.8

Total

At
commercial
banks4

At
thrift
institutions

Total

Week easing
1993-NOV.

1.
2.
3.
4.
p

.4
.1
.4
.8

Savings deposits include money market deposit accounts.
Small-denomination time deposits including retail RPs—are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial
banks and thrifts are subtracted from small time deposits.
Large-denomination time deposits are those issueoin 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
y
and official institutions.
preliminary




H.6 (508)
Table 5 - continued

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

Term RPs1
Date

Non-M3 Components of L

Debt COT r onents*

At commercial
banks

At thrift
institutions

Total

Term
Eurodollars2

1992-AUG.
SEP.

55.8
58.1

20.2
19.7

76.0
77.8

51.4
49.4

147.4
149.2

319.2
322.6

20.9
20.2

349.9
363.2

2970.3
2993.9

8542.2
8570 . 8

OCT.
NOV.
DEC.

59.8
61.5
61.1

20.1
20.3
20.0

79.9
81.8
81.1

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

1993-JAN.
FEB.
MAR.

59 . 1
60 . 2
63 . 7

2 1 .0
22 . 1
22 .3

80 . 1
82 .3
86 . 0

43 . 5
46 . 7
49 . 8

158 .6
161 .0
162 . 9

343 .9
342 . 6
344 .0

2 1 .. 4
2 0 .. 2
1 8 . .9

367 .7
359 . 1
3 6 1 .7

3076 .2
3087 .3
3 1 2 1 .4

8668 . 1
8669 .2
8676 .2

APR.
MAY
JUNE

65 .9
6 6,. 5
7 0 . .2

22 .9
2 3 .2
2 2 ,. 6

88 .9
89 .8
92 .8

48 .7
48 .7
45 .5

1 6 4 ,. 2
1 6 5 ..2
166 . 1

335 .2
3 3 6 ,. 8
3 4 0 , .2

1 8 . .7
1 9 .. 1
1 8 .. 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

8697 .3
8 7 2 0 ,. 7
8 7 5 3 ,. 8

JULY
AUG.
SEP.

7 2 . .9
72 .,5
72 .. 0

23 ..6
2 4 . ,0
2 4 . .4

9 6 . .5
9 6 . .5
9 6 . .4

4 1 . .9
44 . 1
4 5 . .6

167 .. 0
1 6 7 . .8
1 6 8 . ,7

339 . 0
3 4 1 . .7
3 2 5 . .4

17 .,4
16. 2
15. 9

367 . 1
3 7 4 . .7
3 7 9 ..8

3 2 0 1 ..8
3 2 2 9 .. 4
3 2 5 1 . .9

8 7 9 2 ,. 4
8822 . 3
8 8 5 8 .. 2

OCT.
NOV.
DEC. p

71. 2
70. 1
70. 6

23 . 9
24. 5
24. 9

9 5 ., 1
94. 6
95. 5

46. 5
51. 4
49. 1

169 . 6
170.

3 2 0 . ,0
3 3 2 . ,4 p

16. 0
15. 5 p

385. 2
3 8 5 . ,0 p

3249. 4
3 2 8 7 .. 0 p

8 9 0 2 .. 8
8 9 4 5 ., 1 p

8
15
22
29

70.6
69.4
69.3
71.3

24 .0
2 4 .2
2 4 , .9
2 4 , .9

94.7
93.6
94.2
96.1

49 .3
52 . 5
51 .1
5 3 , .5

DEC.

6
13
20
27p

67.9
71.3
70.0
74.9

2 5 . .4
2 4 . .6
2 4 . .7
2 5 . .2

93.3
95.9
94.7
100.0

4 9 . .3
49 ..7
4 9 .. 6
5 0 . .2

1994-JAN.

3p

66.8

2 4 . .6

91.4

4 5 . .3

Savings bonds

Short-term
Treasury
securities3

Bankers
acceptances4

Commercial
paper5

Non-Federal
debt

Federal debt

P.

WfreK epcUaq
1993-NOV.

1.
2.

Term RPs are those with original maturities greater than one day, excluding continuing contracts and retail RPs

US

3.

bSnSci es 5 SS IKSfflK anTcSlSte hS6

4.
5.
6.

Tota°co^mercia?paper n |ess E o m S l d a ? ^
°
'
'
y
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

mutual funds, and foreign entities' 1 C 0 U p 0 n s

w i t h 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

ffidal institU,ions Federal H o m e Loan Banks and mone




''

^ "* "

12 months held by other than depository institutions, Federal Reserve Banks, money market
market mutual funds

-

H.6 (508)
Table C

Page 1(

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

Foreign
official
institutions

Time and
savings
deposits due
to foreign
banks and
official
institutions

1992-AUQ.
SEP.

7.9
8.5

1.5
1.7

7.9
7.8

3.9
5.4

OCT.
NOV.
DEC.

8.5
8.4
9.0

1.7

8.1

4.2
4.1
5.2

5.8
5.5

1993-JAN.
FEB.
MAR.

8.7
8.7
8.3

APR.
MAY
JUNE

7.8
8.3
8.2

1.6
1.6

11.5

JULY
AUG.
SEP.

8.5

8.1

1.7

1.6

11.5

8.5

1.5

OCT.
NOV.
DEC. p

8.3
8.3
9.2

Date

Week e n d i n g
1993-NOV.

DEC.

199 4 - J A N .

e
p

estimated
preliminary




8
15
22
29

1.6
1.6
1.4
1.5

8.9
9.6

U.S. government deposits
Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve
5.7

Note
balances at
depository
institutions

317.6
317.2

27.7
21.9
25.5

2.5
2.7
2.6

147.6
147.2
147.2

126.2

6.0

17.7
12.4
14.3

125.6
124.9

44.6
46.2
45.4

318.4
318.9
317.4

7.7
5.9
5.4

27.0
25.2
13.2

40.8
35.4
22.8

2.0
2.5
2.4

147.2
146.9
147.7

123.7
122.4
120.9

44.6
45.6
45.6

315.5
315.0
314.2

6.2

14.5

5.8

26.5
26.1
34.6

148.0
146.9
146.5

119.7 e
119.5 e

118.2 9

45.4
45.2
44.9

313.0 e
311.6 e
309.5 e

116.8 e
115.4 e
114.5 e

44.7
44.7
44.6

307.8 e
306.2 e
304.9 e

114.9 e
115.3 e
114.4 e

44.8
45.4 <
45.5 (

304.9
305.2
303.5

8.1

16.1
21.1

11.1
10.8

4.2
3.8
5.5

6.9
5.7
9.3

20.0

1.6
1.8
1.6

10.6
10.6
10.6

4.5
4.1
5.3

5.9
5.6
6.7

8.2

1.8

8.4

2.4

8.0

1.5

8.3

1.7

10.6
10.6
10.6
10.6

3.4
4.5
3.6
4.2

8.8
8.2

1.6
1.5

3p

8.7

1.8

10.6

Total

43.2
43.0

5.8
4.2
5.4

1.6
1.5

At
money
market
funds

127.0
126.7

10.8
11.1

9.3
10.9

At
thrift
institutions

147.5
147.6

6.1

10.6
10.6
10.6
10.6

At
commercial
banks

2.5
2.5

4.3
4.2

6
13
20
27p

28.0

Time and
savings
deposits at
commercial
banks

39.2

10.1

1.7

Total
cash
balance

18.5
23.2

10.6

10.3
10.5

1.6

IRA and Keogh Accounts

21.4

1.5

2.6
3.0

32.5
29.5
37.9

2.8

146.4
146.1
145.8

16.2

23.1
18.4
28.2

2.7
2.7
2.6

145.2
144.6
143.6

5.4
5.4
6.1
5.4

6.9
9.2
7.6
10.4

15.8
19.1
17.3
20.0

2.7
2.7
2.8
2.8

4.3
3.6
8.6
4.0

5.0
4.7
7.3

12.0
1.3
13.9

8.1

27.5

21.3
9.6
29.8
39.6

2.7
2.7
2.6
2.6

6.4

9.5

32.6

48.6

23.2

12.6
8.8

2.8
3.1

1

2.3