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FEDERAL RESERVE statistical release

Special Notice

Because of the holidays next week, this release will be
published on Friday, January 22, instead of on Thursday, January 21.
Subsequently, this release will return to its usual Thursday
publication schedule.




fiSK&;

FEDERAL RESERVE statistical rqteagg
H.6 (508)
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

JANUARY 14, 1993

Billions of dollars
Date

M1 J

M2 2

DEBT5

M3 J
Seasonally adjusted

1991-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.
1992-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC. p

826.2
836.2
842.3
842.7
850.9
857.3
860.0
866.5
872.0
880.9
891.4
898.1
910.4
931.0
939.0
942.8
954.3
951.7
960.5
973.1
988.6
1007.3
1019.0
1024.3

3344.0
3369.4
3386.9
3394.8
3405.6
3411.8
3407 .5
3409 .7
3411 .9
3417 .9
3431 .6
3439.8

4125.9
4160.2
4165.8
4168.6
4170..5
4167..9
4157..5
4156.8
4152.8
4159.
4166.
4171.

4980.
5007.
5002.
4976.
4956.
4984.
4990,
4983.
4972.
4976.
4989.
4988.

10777.2
10825.4
10863.3
10886.8
10940.8
10993.9
11026.7
11062.9
11094.8
11133.4
11174.6
11201.3

3447.
3474.
3475.
3471.
3473.
3464.
3461.
3471.
3481.
3497.
3507.
3504.

4173.
4198.
4191.8
4179.4
4178..7
4166..7
4162..9
4176..3
4183..0
4184..7
4191..0
4175..9

4980.6
5009.1
5019.9
5013.0
5003.
5015.
5007.
5024.
5041.
5049.
5067.8 p

11237.5
11288.2
11345.0
11397.4
11443.1
11490.3
11527.2
11564.7
11596.5
11622.8
11684.7 p

Not seasonally adjusted
1991-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.
1992-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC. p

832.7
823.4
835.0
853.0
841.7
858.1
862.3
864.5
867.4
875.5
893.9
917.3

3351.3
3358.3
3388.4
3410.8
3388.7
3408.
3410.
3409.
3404.
3413.
3434.
3453.

4129.8
4150.7
4171.5
4182.9
4156.9
4165.4
4158.8
4160.2
4145.0
4149.9
4169.1
4181.7

4998.5
5002.0
5009.8
4989.2
4941.
4973.
4981.
4978.
4963.
4966.
4996.
5008.

10765
10796
10826
10845
10893
10944
10978
11018
11062
11108
11152.8
11191.4

918.2
916.8
930.8
954.7
944.0
952.1
963.0
970.6
983.0
1001.2
1021.9
1046.2

3455..5
3461..6
3476..3
3489..6
3455..3
3460..0
3464..7
3470..2
3473..3
3492..4
3510.8
3520.7

4178.8
4188.2
4196.9
4196.2
4164.4
4163.8
4163.9
4179.0
4174.2
4175.2
4193.2
4189.4

4998 .6
5002 .4
5026 .9
5027.9
4987.0
5002.5
4998.7
5017.8
5031.3
5038.8
5074.9

11224.
11256.
11305.
11354,
11394.
11441.
11481.
11526.
11569.
11600.
11665.

Footnotes appear on the following page,
p—indicates preliminary data.




H.6 ( 5 0 8 )
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted

Period en ding

13-week
average

4-week
average

1992-OCT. 12
19
26

980.2
983.6
987.2

997.2
1000.7
1005.2

M3

M2

Ml

week
average

13-week
average

4-week
average

3498.3
3495.8
3495.9

4177.3
4178.5
4180.2

4180.9
4179.7
4181.5

4195.6
4182.0
4187.2

13-week
average

4-week
average

week
average

1006.8
1005.1
1009.1

3475.9
3478.6
3481.3

3487.3
3490.6
3494.4

week
average

NOV.

2
9
16
23
30

991.1
994.8
998.5
1001.8
1005.0

1009.5
1012.6
1017.1
1018.4
1019.2

1017.0
1019.0
1023.2
1014.5
1020.0

3484.7
3487.9
3491.1
3493.4
3495.5

3499.6
3503.6
3508.0
3508.5
3507.2

3508.3
3514.5
3513.4
3497.8
3503.2

4182.1
4183.7
4185.0
4186.2
4186.3

4189.3
4189.0
4191.7
4192.0
4190.9

4192.2
4194.4
4193.1
4188.1
4187.8

DEC.

7
14
21
28p

1008.1
1010.8
1013.0
1016.0

1020.1
1019.7
1021.0
1023.4

1022.7
1021.5
1019.7
1029.5

3497.9
3499.6
3500.9
3502.6

3506.2
3504.4
3504.7
3504.7

3510.2
3506.4
3499.1
3502.9

4186.9
4186.4
4185.4
4184.4

4189.3
4187.8
4184.2
4179.0

4188.2
4187.0
4173.8
4167.0

1993-JAN.

4p

1018.2

1025.0

1029.1

3503.2

3501.0

3495.7

4183.0

4167.5

4142.0

Not seasonally adjusted

Ml

Period ending

13-week
average

4-week
average

1992-OCT. 12
19
26

976.2
979.4
982.7

988.3
993.9
999.6

M3

M2
week
average

13-week
average

4-week
average

1003.5
1002.6
990.2

3471.9
3474.5
3476.8

3476.2
3483.6
3490.1

week
average

13-week
average

4-week
average

3498.5
3495.9
3476.6

4174.0
4174.9
4175.7

4167.9
4169.5
4172.6

4193.1
4175.9
4161.6

week
average

NOV.

2
9
16
23
30

986.0
989.5
993.6
997.5
1002.0

1001.1
1006.7
1013.1
1018.2
1022.0

1008.1
1025.7
1028.5
1010.6
1023.2

3479.5
3482.4
3486.0
3489.1
3492.2

3492.7
3498.8
3505.3
3510.3
3510.5

3499.8
3522.7
3522.1
3496.4
3500.8

4176.2
4177.1
4178.3
4179.7
4180.8

4177.4
4179.8
4185.7
4191.0
4193.1

4179.1
4202.6
4199.3
4183.0
4187.6

DEC.

7
14
21
28p

1006.0
1009.8
1014.6
1020.9

1026.4
1029.8
1037.9
1044.4

1043.1
1042.4
1042.9
1049.3

3495.5
3498.3
3502.0
3506.4

3512.5
3513.9
3518.4
3520.2

3530.6
3527.6
3514.5
3508.2

4182.1
4182.4
4183.4
4185.2

4193.8
4195.3
4195.4
4191.5

4205.2
4205.4
4183.2
4172.3

1993-JAN.

4p

1026.3

1051.8

1072.4

3509.9

3521.2

3534.5

4186.7

4184.8

4178.4

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--indicates preliminary data.




H.6 ( 5 0 8 )
Table 4

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

Other checkable deposits

Date

Currency

1

Travelers
checks 2

Demand
deposits3

At
commercial
banks 4

At
thrift
institutions5

Total

In M 2 6

In M3
only 7

1991-AUG.
SEP.

261.3
262.9

7.8
7.8

280.1
280.6

229.5
232.4

87.8
88.2

317.3
320.6

2543.2
2539.9

747.0
740.9

OCT.
NOV.
DEC.

264.8
266.0
267.3

7.9
8.0
8.2

283.8
287.6
289.5

235.4
239.2
241.6

89.1
90.5
91.6

324.5
329.7
333.2

2537.0
2540.3
2541.7

741.1
735.2
731.2

1992-JAN.
FEB.
MAR.

269.4
271.6
271.8

8.2
8.1
8.0

293.9
305.1
309.6

245.9
250.7
252.8

93.2
95.6
96.7

339.0
346.3
349.5

2537.1
2543.3
2536.7

726.1
724.3
716.2

APR.
MAY
JUNE

273.6
274.7
276.2

8.0
8.0
7.9

311.2
315.1
311.0

252.9
259.3
259.5

97.1
97.1
97.2

350.0
356.4
356.7

2528.7
2518.7
2512.4

707.8
705.7
702.6

JULY
AUG.
SEP.

278.9
282.3
286.4

7.8
7.9
8.3

315.6
320.6
327.8

261.0
263.9
266.1

97.2
98.3
100.0

358.2
362.2
366.1

2501.1
2498.1
2493.2

701.3
705.1
701.2

OCT.
NOV.
DEC. P

288.4
290.0
292.5

8.6
8.6
8.6

336.2
339.2
338.9

272.3
278.4
280.5

101.7
102.8
103.9

374.0
381.2
384.3

2489.9
2488.4
2479.9

687.5
683.6
671.6

9
16
23
30

289.5
290.1
290.1
290.6

8.6
8.6
8.6
8.6

338.2
340.8
337.1
341.3

279.3
279.7
277.9
276.7

103.4
104.0
100.8
102.8

382.7
383.7
378.6
379.6

2495.5
2490.2
2483.3
2483.2

679.9
679.7
690.3
684.6

DEC.

7
14
21
28p

291.0
291.5
292.2
294.0

8.7
8.6
8.6
8.6

e
e
e
e

339.1
339.4
336.4
341.2

280.1
278.7
280.6
280.0

103.9
103.3
101.9
105.6

383.9
381.9
382.5
385.7

2487.5
2484.9
2479.4
2473.5

678.0
680.5
674.7
664.0

1993-JAN.

«P

294.6

8.6 e

333.0

287.1

105.8

392.9

2466.6

646.2

Week ending
1992-NOV.

1.
2.

Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
Outstanding amount of U.S. dollai—denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are
included in demand deposits.
3.
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. This sum is seasonally adjusted as a whole.
7.
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--indicates estimated data,
p—indicates preliminary data.




H.6 (508)
Table 4-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Savings deposits 1
At
At
thrift
ccommercial
banks
institutions

Date

Large-denomination time deposits 3

Small-denomination time deposits2

Total

At
At
commercial
thrift
banks
institutions

Total

General purpose
and broker/dealer
money market funds

Institutiononly money
market funds

At
At
commercial
thrift
banks 4
institutions

Total

1991-AUG.
SEP.

630.4
636.7

363.7
365.7

994.1
1002.4

621.2
619.5

499.6
491.5

1120.8
1111.0

362.4
359.9

158.6
162.6

372.1
368.1

93.5
90.4

465.6
458.5

OCT.
NOV.
DEC.

645.7
655.4
664.9

369.3
373.3
377.7

1015.0
1028.7
1042.6

614.1
606.4
598.5

481.1
472.8
464.5

1095.2
1079.2
1063.0

359.3
359.5
360.5

168.2
173.6
179.1

362.6
357.1
354.0

87.4
85.1
83.1

450.0
442.3
437.1

1992-JAN.
FEB.
MAR.

676.0
688.9
695.2

385.2
395.0
402.7

1061.2
1083.9
1098.0

587.7
576.2
569.2

455.2
443.6
433.6

1042.9
1019.8
1002.8

358.6
361.7
358.3

182.4
188.2
185.3

346.4
341.7
336.8

81.4
79.1
76.1

427.9
420.7
413.0

APR.
MAY
JUNE

703.2
707.9
710.7

408.0
414.4
416.2

1111.2
1122.4
1127.0

566.0
558.1
551.5

419.2
410.7
404.6

985.3
968.7
956.2

355.9
356.7
355.3

189.2
194.8
199.7

331.9
329.6
325.5

73.8
71.3
69.8

405.7
400.9
395.3

JULY
AUG.
SEP.

716.3
724.3
734.4

418.1
421.3
425.1

1134.4
1145.6
1159.6

543.6
534.8
527.3

398.8
393.1
387.9

942.4
927.9
915.2

351.7
349.7
344.7

207.7
217.2
217.2

319.1
316.4
312.0

69.5
68.2
68.0

388.5
384.6
380.0

OCT.
NOV.
DEC. P

743.4
749.9
753.4

428.2
431.9
433.8

1171.6
1181.8
1187.2

519.4
511.6
507.0

379.3
372.8
366.4

898.8
884.3
873.4

347.6
348.7
347.2

205.6
203.5
194.3

305.4
302.3
300.1

67.9
66.5
65.2

373.2
368.8
365.3

9
16
23
30

750.2
752.0
749.3
748.7

431.0
431.8
432.1
432.8

1181.2
1183.8
1181.4
1181.5

513.8
511.8
510.4
509.2

374.7
373.2
371.8
370.5

888.6
885.0
882.2
879.7

350.0
348.5
346.7
348.9

203.8
201.3
205.1
203.2

301.2
302.2
303.4
303.1

66.7
66.6
66.2
66.2

367.9
368.9
369.6
369.3

DEC.

7
14
21
28p

752.3
756.0
754.4
752.1

433.6
433.5
434.2
434.2

1185.9
1189.6
1188.7
1186.2

508.1
507.8
507.4
505.9

369.3
367.2
365.4
364.9

877.4
874.9
872.8
870.8

348.7
347.5
347.1
346.0

195.9
196.7
194.6
192.9

302.2
301.4
299.9
299.8

66.0
65.5
64.8
64.8

368.2
366.9
364.7
364.7

JL993-JAN.

4p

750.2

433.4

1183.6

504.6

364.0

868.6

345.9

187.1

292.7

64.8

357.6

Week ending
1992-NOV.

1.
2.

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.
3.
Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities.
4.
Large--denomination time deposits at commercial banks less those held by money market mutual funds, depository institutions, and foreign banks and
official institutions.
p—indicates preliminary data.




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H.6 ( 5 0 8 )
Table 5-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjustea
Term RPs 1
At
At
c:ommercial
thrift
banks
institutions

Date

Debt components 6

Non-M3 Components of L

Total

Term
Eurodollars2

Savings
bonds

Short-term
Treasury
securities3

Bankers
acceptances4

Commercial
paper 5

Federal
debt

Non-Federal
debt

1991-AUG.
SEP.

49.0
48.3

29.2
28.2

78.2
76.5

63.6
61.5

134.3
135.0

323.4
322.2

27.2
25.5

333.1
335.8

2642.9
2673.1

8375.8
8388.9

OCT.
NOV.
DEC.

49.1
48.3
47.3

26.1
25.1
23.2

75.2
73.3
70.5

62.8
61.5
57.2

135.9
136.8
137.7

323.7
331.9
328.6

25.1
25.2
24.5

331.5
333.8
335.8

2707.6
2740.8
2765.0

8400.4
8412.0
8426.4

1992-JAN.
FEB.
MAR.

48.4
49.2
51.4

22.1
22.5
21.9

70.5
71.7
73.3

55.3
55.9
57.9

138.8
140.1
141.4

318.6
321.0
328.8

23.7
22.7
21.8

338.7
330.4
338.0

2782.5
2799.1
2834.7

8442.4
8457.3
8470.6

APR.
MAY
JUNE

51.5
52.6
52.4

21.0
20.8
21.1

72.5
73.4
73.6

55.0
52.8
51.8

142.7
143.9
144.9

322.9
321.8
323.3

21.3
21.6
21.7

345.0
335.4
348.8

2863.5
2884.1
2912.2

8490.8
8510.6
8529.0

JULY
AUG.
SEP.

51.0
53.0
55.3

21.5
20.2
19.8

72.5
73.3
75.1

50.8
50.8
48.6

146.0
147.4
149.2

318.0
321.6
325.5

21.6
20.9
20.2

349.3
349.0
362.3

2937.5
2970.3
2993.9

8544.4
8556.3
8575.0

OCT.
NOV.
DEC. P

57.0
58.9
58.7

20.3
20.7
20.6

77.3
79.6
79.3

48.2
48.6
48.3

151.8
154.4 p

327.2
337.4 p

20.4
20.1 p

364.3
369.9 p

2998.1
3028.3 p

8602.9
8637.4 p

9
16
23
30

58.6
57.6
58.4
61.1

20.3
20.7
20.9
21.1

78.9
78.3
79.3
82.2

48.2
48.3
48.2
50.0

DEC.

7
14
21
28p

58.8
61.2
57.4
57.9

20.8
20.5
20.3
21.0

79.6
81.7
77.6
78.9

48.3
48.3
47.7
48.7

1993-JAN.

4p

57.2

20.6

77.8

48.1

Week ending
1992-NOV.

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 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
ma rke t mu tua1 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,
--indicates preliminary data.




H.6 ( 5 0 8 )
Table 6

MEMORANDUM ITEMS

10

Billions of dollars> not seasonally adjusted
Demand deposits
at banks due to

Foreign
Foreign
official
<commercial
institutions
banks

Date

IRA and Keogh Accounts

U.S. government depos;its
Time and savings
deposits due to
foreign banks
and official
institutions

Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

Note balances
at depository
institutions

Total
cash
balance

Time and
savings
At
At
deposits
thrift
at commercial commercia 1
banks
institutions
banks

At
money
market
funds

Total

1991-AUG.
SEP.

7.9
7.8

1.5
1.5

6.5
6.6

3.6
5.2

5.8
7.8

13.5
21.7

22.9
34.7

1.5
1.5

143.1
144.4

133.2
131.6

42.8
43.3

319.1
319.4

OCT.
NOV.
DEC.

7.7
7.9
8.1

1.5
1.5
1.7

6.7
6.7
6.6

3.6
4.8

5.7
6.0
7.4

25.0
24.2
20.5

34.4
34.6
32.8

1.5
1.6
1.5

145.9
147.0
147.7

131.2
131.2
131.2

43.4
43.0
42.3

320.5
321.3
321.2

1992-JAN.
FEB.
MAR.

8.3
7.6
7.6

1.7
1.6
1.5

6.5
6.5
6.5

5.2
4.3
4.2

7.4
6.2
5.6

27.9
20.9
15.9

40.5
31.5
25.7

1.8
2.0
2.2

148.3
148.4
147.8

130.9
129.7
128.9

43.5
44.6
42.1

322.7
322.7
318.8

APR.
MAY
JUNE

7.9
7.8
8.0

1.5
1.5
1.6

6.6
6.6
6.6

5.9
4.2
5.2

4.9
5.2
6.7

11.9
16.8
19.9

22.6
26.2
31.8

2.5
2.6
2.6

148.4
148.6
147.9

128.2
127.5
126.7

40.4
40.3
39.6

316.9
316.4
314.3

JULY
AUG.
SEP.

8.4
7.7
8.2

1.7
1.5
1.8

6.5
6.5
6.5

3.7
3.9
5.5

5.9
5.7
10.6

15.9
18.5
23.2

25.5
28.0
39.2

2.5
2.5
2.5

147.6
147.5
147.6

125.4
123.6
122.2

39.6
39.7
39.5 e

312.5
310.8
309.3 e

OCT.
NOV.
DEC. P

8.2
8.0
8.6

1.7
1.7
1.6

6.6
6.6
6.6

4.2
4.1
5.4

5.8
5.5
6.0

17.7
12.4
14.3

27.7
21.9
25.7

2.5
2.7
2.6

147.6
147.2
147.2

120.7 e
119.5 e
118.3 e

39.3 e
39.1 e
38.8 e

307.6 e
305.8 e
304.3 e

9
16
23
30

7.9
7.9
7.7
8.4

2.0
1.7
1.6
1.5

6.6
6.6
6.6
6.6

3.6
4.4
3.2
4.2

5.2
5.0
5.9
5.8

15.1
15.6
7.7
9.8

23.9
25.0
16.9
19.8

2.7
2.7
2.8
2.7

DEC.

7
14
21
28p

8.7
8.3
8.6
8.8

1.8
1.7
1.5
1.5

6.5
6.6
6.6
6.6

4.0
3.8
7.8
5.0

5.3
4.6
7.2
6.3

12.4
5.0
13.9
22.0

21.7
13.4
28.9
33.3

2.7
2.7
2.7
2.7

993-JAN.

*P

8.7

1.5

6.6

7.5

7.8

22.9

38.2

1.6

-Meek ending
L992-NOV.

e—indicates estimated data.
p—indicates preliminary data.