View original document

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 6

For release at 4:30 p.m. Eastern Time

Billions of dollars
Date

JANUARY 19,1995
M11

M22

M33

L4

DEBT5

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

1033.0
1035.4
1040.2
1047.1
1067.7
1076.6
1086.4
1095.3
1105.1
1113.4
1122.4
1128.4

3502.7
3494.1
3494.7
3497.9
3521.8
3528.6
3533.2
3536.0
3544.3
3548.0
3560.3
3567.9

4162.6
4156.7
4155.6
4163.2
4188.8
4189.0
4187.9
4188.4
4197.6
4205.3
4219.0
4232.0

5040.2
5036.2
5037.5
5055.6
5089.4
5090.7
5087.2
5096.4
5089.6
5100.3
5113.8
5135.0

11743.8
11779.3
11830.4
11892.8
11953.9
12009.0
12063.9
12121.7
12174.9
12211.4
12268.4
12335.4

1994-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC. p

1133.5
1138.5
1142.3
1141.1
1142.8
1146.3
1153.1
1151.0
1151.9
1148.5
1147.6
1147.5

3574.9
3572.1
3584.3
3591.4
3594.8
3588.5
3603.9
3598.1
3597.0
3592.2
3593.9
3599.7

4238.3
4213.2
4220.4
4229.5
4228.3
4229.5
4251.6
4244.6
4249.9
4258.7
4266.1
4281.4

5157.2
5146.4
5144.6
5165.3
5171.0
5161.1
5187.9
5180.8
5175.9
5204.7
5216.9 p

12379.6
12430.4
12496.0
12555.2
12613.6
12655.5
12683.4
12749.1
12809.5
12856.8
12924.3 p

Not seasonally adjusted
1993-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.
1994-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1041.0
1023.0
1031.6
1058.7
1058.1
1073.2
1084.3
1088.8
1099.1
1129.6
1153.8

3508.2
3484.1
3495.7
3515.1
3507.2
3524.3
3529.5
3529.0
3533.9
3546.0
3569.0
3590.5

4163.2
4150.0
4158.3
4178.5
4179.8
4185.3
4180.9
4185.1
4186.8
4199.8
4230.6
4251.4

5053.9
5030.9
5043.7
5065.0
5067.4
5080.2
5072.5
5086.2
5077.5
5092.7
5135.0
5169.9

11728.1
11741.0
11788.3
11839.6
11891.4
11964.3
12020.4
12072.4
12134.1
12172.9
12241.3
12327.6

1142.8
1124.6
1131.9
1153.1
1132.7
1142.4
1151.0
1144.0
1146.0
1147.4
1155.3
1173.4

3581.5
3560.0
3582.7
3608.8
3580.2
3584.4
3600.2
3590.4
3586.5
3590.5
3603.5
3623.1

4239.1
4204.0
4220.4
4245.2
4219.4
4226.1
4244.6
4240.6
4239.2
4253.3
4279.0
4301.9

5171.5
5138.1
5148.5
5174.4
5147.7
5150.5
5173.3
5170.1
5163.8
5197.0
5240.7 p

12372.1
12403.5
12456.5
12498.3
12545.8
12608.5
12643.0
12700.9
12765.8
12816.3
12895.4 p

1111.8

Footnotes appear on the following p a g e
p

preliminary




Page 2

H.6(508)
Table 2

MONEY STOCK AND DEBT MEASURES
Percent change at seasonally adjusted annual rates
M1

M2

M3

DEBT1

1 9 9 4 TO DEC. 1 9 9 4

1.5

0.3

3.0

5.5

6 Months f r o m JUNE 1 9 9 4 t o DEC. 1 9 9 4

0.2

0.6

2.5

4.9

12 Months f r o m DEC. 1 9 9 3 TO DEC. 1 9 9 4

1.7

0.9

1.2

5.3

-1.7

-0.3

2.1

3 Months f r o m SEP.

T h i r t e e n w e e k s e n d i n g JANUARY 9 , 1 9 9 5
from t h i r t e e n weeks e n d i n g :
OCT. 1 0 , 1 9 9 4 ( 1 3 w e e k s p r e v i o u s )
JULY 1 1 ,

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

0.7

0.3

2.0

JAN. 1 0 ,

1.

1994
1994

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

2.1

1.0

1.2

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, August 1994 to November 1994, May 1994 to November 1994,
and November 1993 to November 1994, respectively.

Footnotes to Table 1:
1.

2.

3.

4.
5.

Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) travelers checks of nonbank issuers; (3) demand
deposits at all commercial banks other than those due to depository institutions, the U.S. government, and foreign banks and official institutions, l e s s c a s h items in the
process of collection and Federal Reserve float; and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer
service (ATS) accounts at depository institutions, credit union share draft accounts and demand deposits at thrift institutions. Seasonally adjusted M1 is calculated by
summing currency, travelers checks, demand deposits, and OCDs, e a c h seasonally adjusted separately.
Consists of M1 plus overnight (and continuing contract) RPs issued by all depository institutions and overnight Eurodollars issued to U.S. residents by foreign branches of
U.S. banks worldwide, savings deposits (including money market deposit accounts), small-denomination time deposits (time deposits—including retail RPs—in amounts of
l e s s than $100,000), and balances in both taxable and tax-exempt general purpose and broker/dealer money market mutual funds. Excludes individual retirement account
(IRA) and Keogh balances at depository institutions and money market funds. Also excludes all balances held by U.S. commercial banks, money market funds (general
purpose and broker/dealer), foreign governments and commercial banks, and the U.S. government. Seasonally adjusted M2 is computed by adjusting its non-Mt component a s a whole and then adding this result to seasonally adjusted M1.
Consists of M2 plus large-denomination time deposits (in amounts of $ 1 0 0 , 0 0 0 or more) and term RP liabilities issued by all depository institutions, term Eurodollars held
by U.S. residents at foreign branches of U.S. banks worldwide and at all banking offices in the United Kingdom and Canada, and balances in both taxable and tax-exempt
institution-only money market mutual funds. Excludes amounts held by depository institutions, the U.S. government, money market funds, and foreign banks and official
institutions. Also subtracted is the estimated amount of overnight RPs and Eurodollars held by institution-only money market mutual funds. Seasonally adjusted M3 is
obtained by adjusting its non-M2 component a s a whole and then adding this result to seasonally adjusted M2.
Consists of M3 plus the nonbank public holdings of U.S. savings bonds, short-term Treasury securities, commercial paper and bankers a c c e p t a n c e s , net of money market
mutual fund holdings of t h e s e a s s e t s .
Debt: The debt aggregate is the outstanding credit market debt of the domestic nonfinancial sectors — t h e federal sector (U.S. government, not including governmentsponsored enterprises or federally related mortgage pools) and the nonfederal sectors (state and local governments, households and nonprofit organizations, nonfinancial
corporate and nonfarm noncorporate b u s i n e s s e s , and farms). Nonfederal debt consists of mortgages, tax-exempt and corporate bonds, consumer credit, bank loans,
commercial paper, and other loans. The data, which are derived from the Federal Reserve Board's flow of funds accounts, are break-adjusted (that is, discontinuities in
the data have been smoothed into the series) and month-averaged (that is, the data have been derived by averaging adjacent month-end levels). The presentation of the
debt data in this release differ, therefore, from the quarterly flow of funds statistics contained in the Federal Reserve r e l e a s e s Z.7 and Z.1. In t h o s e releases, published
levels of credit market debt are measured on a quarter-end basis and contain discontinuities.




H.6 (508)
Table 3

Page 3

MONEY STOCK MEASURES
Billions of dollars

Seasonally adjusted
M1
Period ending

DEC.

M3

4-week
average

week
average

13-week
average

4-week
average

1151.9
1151.2
1150.2

week
average

1150.4
1149.2
1147.6

13-week
average

1148.3
1149.5
1144.3

4-week
average

3598.5
3597.3
3595.4

week
average

3595.5
3594.0
3591.0

3595.2
3593.6
3583.5

4250.5
4250.5
4250.8

4255.1
4256.7
4258.8

7
14
21
28

4258.5
4262.0
4259.8

1149.9
1149.6
1149.6
1149.5

1146.5
1145.3
1146.1
1148.1

1143.8
1143.5
1152.9
1152.0

3595.0
3594.1
3594.2
3594.3

3589.6
3587.5
3590.1
3594.3

3586.1
3586.8
3604.1
3600.3

4252.6
4254.2
4255.9
4257.7

4260.5
4261.4
4264.1
4266.8

5
12
19
26

4261.5
4262.4
4272.5
4270.9

1149.2
1148.9
1148.7
1148.2

1149.6
1150.8
1149.3
1148.3

1150,
1148.
1147.
1147.

3594.4
3594.2
3594.1
3594.6

3597.5
3599.4
3596.8
3598.1

3598.7
3594.5
3593.6
3605.7

4259.5
4261.6
4264.1
4266.7

4268.4
4271.6
4273.8
4278.2

4267.8
4275.1
4281.5
4288.5

1147.5
1147.3

1146.2
1145.6

1141.8
1145.7

3595.3
3596.5

3599.9
3603.0

3605.9
3606.8

4269.7
4272.5

4284.2
4287.9

4291.5
4289.9

4243.8

1994-OCT. 17
24
31
NOV.

M2

13-week
average

1995-JAN.

2p
9p

Not seasonally adjusted
1994-OCT

NOV.

DEC.

1995-JAN.

1146.2
1146
1145

1145.9
1148
1146.4

1157.8
1134.4
1134

3590.7
3590
3588.9

3588
3592.6
3589.8

3606.6
3575.5
3570.4

4242
4244
4244

4254.2

4265.3
4243.6
4242.5

1145.9
1146.5
1147.7
1149.3

1146.5
1147.1
1151.9
1155.6

1159.5
1153.9
1148.9

3589.1
3589.4
3591.0
3592.8

3589
3589.6
3597
3603.4

3604.8
3607.8
3608
3592.8

4246.3
4249.0
4252.1
4256.0

4257.5
4262.9
4271.8
4279.5

4278.4
4287.2
4279.1
4273.2

1150.3
1151.1
1152.9
1156.4

1158.5
1161.3
1165.4
1170.7

1171
1170.8
1170.4
1170.3

3595.0
3596.2
3598.5
3602.7

3608
3612.9
3615.0
3620.2

3625.8
3624.9
3616.6
3613.5

4259.8
4263
4268
4274.3

4283.7
4289
4295
4300.1

4295.2
4309.2
4302.3
4293.7

1159.5
1162.0

1173.5
1178.8

1182.4
1191.9

3606.8
3610.6

3622.6
3630.2

3635.5
3655.3

4279
4284.6

4302.3
4306.7

4304.0
4326.7

Note: Special caution should b e taken in interpreting week-to-week c h a n g e s in money supply data, which are highly volatile and subject to revision
p

preliminary data.




Page 4
H.6 (508)
Table 4

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Currency1

Date

Travelers checks2 Demand deposits3

Nontransactions components

Other checkable deposits
At thrift
institutions5
108.3
108.8

Total

In M26

In M3 only7

404.2
406.6

2440.8
2439.2

652.3
653.3

1993-ADO.
SEP.

312.4
315.4

7.8
7.8

370.9
375.4

At commercial
banks4
295.9
297.8

OCT.
NOV.
DEC.

317.6
319.5
321.4

7.8
7.9
7.9

378.4
383.2
384.8

299.1
300.8
302.6

110.4
111.0
111.7

409.5
411.8
414.3

2434.6
2438.0
2439.5

657.3
658.6
664.1

1994-JAN.
FEB.
MAR.

325.2
329.2
332.4

7.9
7.9
8.0

388.3
390.3
390.0

300.4
299.2
300.0

111.6
112.0
112.0

412.0
411.2
411.9

2441.3
2433.6
2442.0

663.4
641.1
636.1

APR.
MY
A
JUNE

334.8
337.6
340.3

8.1
8.1
8.1

388.9
385.7
386.5

298.3
300.8
301.3

111.0
110.5
110.1

409.3
411.2
411.4

2450.4
2452.1
2442.2

638.1
633.5
641.0

JULY
AUG.
SEP.

343.2
345.4
347.4

8.2
8.3
8.4

389.1
387.5
388.0

302.4
301.1
300.1

110.
108,
108,

412.5
409.7
408.2

2450.8
2447.1
2445.0

647.8
646.4
652.9

OCT.
NOV.
DEC. p

350.0
352.9
353.5

8.4
8.4
8.4

385.8
383.4
383.2

297.5
297.3
297.1

106
105
105

404.4
402.8
402.3

2443.7
2446.3
2452.2

666.5
672.2
681.7

352.5
353.0
353 .7

8.4
8.4
8.5

381.0
387.8
384.7

296.5
298.5
297.7

105.2
105.2
107.3

401.7
403.7
405.0

2443.3
2451.2
2448.3

675.6
668.4
670.7

354.0
353.2
353.1
353.1

8.5
8.5
8.4
8.4

383.7
383.6
383.6
383.7

298.2
299.1
297.1
296.9

105.6
104.0
104.8
105.6

403.8
403.1
401.8
402.5

2448.7
2446.2
2446. 6
2457.9

669.1
680.6
687.8
682.8

355.0
356.0

8.4
8.4

379.8
382.0

292.4
296.1

106.1
103.3

398.6
399.3

2464.1
2461.2

685.6
683.1

Weqfr en4jnq
1994-NOV. 14
21
28
DEC.

1995-JAN.
1.
2.
3.
4.
5.
6.
7

5
12
19
26
2p
9p

Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
. . . . . .
.
Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits.
Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions, the U.S. government and foreign banks and official
institutions, less cash items in the process of collection and Federal Reserve float.
Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
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.
«
„ .
* ,
• u* o n
^
x .
v
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.

estimated
Digitized for e
FRASER


p

preliminary

Page 5

H.6 (508)
Table 4 - continued

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

806. 5
799. 9

General
purpose and
broker/
dealer
money
market funds
345.5
345.0

322 .4
321.1
317.1

794. 9
790. 6
785. 7

344.4
347.0
348.8

194.3
194.8
197.0

277 .9
275.9
277.2

63.7
63.5
61.8

341.6
339.4
339.0

465 .5
464 .0
462 .6

314 .2
311 . 1
309 .6

779 .7
775 . 1
772 .2

349 .3
345 .8
348 .2

192 .7
176 .9
177 .4

279 .7
274, .7
271, .1

62 . 1
61 .8
61 . 1

341, ,8
336, .5
332, .2

1220 .7
1215 .9
1207 ,
.2

461 .7
464 . 1
466 .7

308 .3
306 .8
306 .1

770 .0
770 .9
772 ,.8

359 .4
361, .9
356, . 3

177 .0
169 .3
169 .5

270, .7
275 .1
275, ,3

61 .6
60 .4
60 ,
.9

332, .3
335, ,5
336, .2

424. .7
418. .8
412 ..9

1202 ..5
1194. .8
1186. ,6

468 ,
.9
474, .8
479 ..8

305, .9
305. .0
305. .5

774. .8
779. .8
785. ,3

361. .7
361. .1
360. .5

170 .9
169, .3
167 ,.9

276. .7
279. ,5
284, ,0

61, .8
61, .5
62 ..7

338. ,5
341. , 0
346. ,7

765. ,9
759, 6
752 . 3

407 , 5
400. 2
393 . 2

1173 . 4
1159. 8
1145. 5

486. .8
494. .0
502 , 9

308, .9
314, ,0
315. 4

795, 7
807 , 9
818 . 3

363, ,3
368. 1
374. 5

175 .,3
175, ,6
176, 6

289, 1
294. 8
298. 9

63 .,9
64. ,2
64, .5

353. , 0
359. 0
363. 5

760 . 1
760 .8
759 .0

400 .0
400 .7
399 .7

1160 . 1
1161 .5
1158 .7

493 .3
494 .3
495 .4

313 .5
314 .6
315 .4

806 .8
808 .9
810 .8

366 .3
370 .3
370 . 1

182 .4
173 .2
171 .0

294 .5
294 .7
296 .2

64 .2
64 . 1
64 .2

358 .7
358 .8
360 .3

754 .7
752 .7
753, .2
752. .4

396
393
393
392

.5
.5
,
.4
,.1

1151 .1
1146 .2
1146, .5
1144. .5

497 .9
500 .6
503 ,. 4
505. .6

315 .5
315 .6
315, .1
315, .1

813 .4
816 .2
818, .5
820, .7

370, .9
374, .2
374. .5
376. ,6

171 .7
175 .9
176, .3
176. .5

297 . 1
300 .0
301, .4
299, .8

64, .3
64 ,.2
64. .4
64, ,6

361, .4
364. >2
365, ,8
364, 4

747, .9
745, 3

390. .9
388, ,0

1138, 8
1133 . 2

506, .6
508, ,8

316, ,1
317 ,,9

822. ,7
826, .7

375. 8
375. 1

183 , 3
181. 5

294, ,5
294, 7

65. 4
66. 0

359. 9
360. 8

Savings deposits1
Date

At
commercial
banks
775 .4
778 .0

At
thrift
institutions
430.5
430.4

OCT.
NOV.
DEC.

778.4
782 .4
785.3

-JAN.
FEB.
MAR.

Small-denomination time deposits2

1205 . 9
1208 . 4

At
commercial
banks
478.6
475.4

At
thrift
institutions
327.9
324.5

430.4
429.5
430.2

1208. 8
1211. 9
1215. 5

472.5
469.5
468.6

790 . 1
791 . 1
790 .2

430 .2
429 .8
431 .7

1220 .3
1220 .9
1221 .9

APR.
MAY
JUNE

788 .2
784 .2
779 ,
.2

432 .5
431 .7
428 ,
.0

JULY
AUG.
SEP.

777 ,.8
776. .0
773 ..6

OCT.
NOV.
DEC. p

1993-AUG.
SEP.

Week ending
1994-NOV. 14
21
28
DEC .

1995-JAN.
1.
2
3.
-

4

p

5
12
19
26
2p
9p

Total

Total

Institutiononly money
market funds

Large-denomination time deposits3

190.1
190.8

At
commercial
banks4
277.8
276.6

At
thrift
institutions
63.9
63.8

Total
341.6
340.4

Savings deposits include money market deposit accounts.
Small-denomination time deposits—including retail RPs—are those issued in amounts of l e s s than $100,000. All IRA and Keogh account b a l a n c e s at commercial banks
and thrifts are subtracted from small time deposits.
Large-denomination time deposits are those issued in amounts of $ 1 0 0 , 0 0 0 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
Debt components 4

Non-M3 Components of L

Date
1993-AUG.
SEP.

168.2
169.2

Short-term T reasury
securities 1
343.8
328.0

OCT.
NOV.
DEC.

170.1
170.8
171.7

323.7
324.6
329.9

16.4
15.3
14.6

384.7
384.1
386.8

3269.7
3295.5
3328.0

8941.6
8972.9
9007.4

1994-JAN.
FEB.
MAR.

172.7
173.4
174.1

339.8
341.5
344.8

14.9
15.3
15.7

391.6
403 . 0
389.6

3338.3
3355.1
3379.6

9041.3
9075.3
9116.4

APR.
MAY
JUNE

174.8
175.7
176.6

361.9
364.5
351.8

14.2
11.5
10.6

384.9
391.0
392.6

3390.6
3402.5
3416.4

9164.6
9211.1
9239.2

JULY
AUG.
S BP.

177.5
178.4
179.0

355.3
359.5
344.1

10.8
11.3
12.0

392.7
387.0
391.0

3419.3
3436.7
3454.0

9264,
9312
9355

OCT.
NOV.

179.4
179.9

346.8
354.3

11.9
10.7

407.8
405.9

3469.4
3494.0

9387
9430

Savings bonds

1.

Commercial paper 3

Non-Federal debt

Bankers acceptances 2
16.5
16.4

379.5
378.4

3247.9
3267.5

8873.8
8907.4

Federal debt

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 mutual funds, and foreign entities.
Net of bankers acceptances held by accepting banks, Federal Reserve Banks, foreign official institutions, Federal H o m e 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

Travelers
checks2

Demand
deposits3

Other checkable deposits

Nontransactions components

Overnight

Overnight
Eurodollars®

656.1
652.9

67.5
70.6

14.7
14.9

1993-AUG.
SEP.

312 .8
314.8

8 .4
8 .2

367.9
373.1

At commercial
banks4
292.1
295.0

OCT.
NOV.
DEC.

317.3
319.8
324.9

8 .0
7.7
7 .6

381.1
391.1
402.6

295.6
299.6
306.3

109.8
111.4
112.4

405 .3
410 .9
418 .6

2434 .3
2439 .5
2436 .7

653 .8
661.5
660.9

72.3
73.2
74.5

17.2
17.4
17.8

1994-JAN.
FEB.
MAR.

324.0
327.3
330 .7

7.7
7 .7
7 .8

393 . 1
380.6
380.6

306.8
299.6
301.6

111.2
109.5
111.3

417 .9
409 . 1
412 .9

2438 .7
2435 .4
2450 .8

657.6
644.0
637.7

77.1
76.6
80.1

18.0
16.9
18.4

APR.
MAY
JUNE

334.4
337.4
340.6

7 .8
7 .9
8 .3

390.2
378.8
383.4

306.3
298.1
299.4

114.3
110.7
110.7

420 .6
408 .7
410 . 1

2455 .7
2447 .4
2441 .9

636.4
639.2
641.7

80.3
80.7
82.7

16,
21,

JULY
AUG.
SEP.

344.9
345.8
347.1

8 .8
8,.9
8,,8

388.4
384.1
385.6

298.3
297.2
297.3

110.6
108.0
107.2

408 .9
405.2
404 .5

2449.2
2446 .4
2440. .4

644.4
650.2
652.7

83 .8
85.8
87.6

25,
25,
24.

OCT.
NOV.
DEC. p

349.7
353.3
357.7

8.,5
8. 2
8. 1

388.8
391.7
401.0

294.0
296.1
300.7

106.3
106.0
105.8

400. .4
402 ,.0
406. .5

2443 ,.2
2448. 2
2449. .7

662.7
675.6
678.7

87,
87,
88.2

27.3
26.2
28.6

353.5
353 . 1
354.1

8. 3
8.2
8. 2

394.1
391.7
390.3

297.2
295.8
292.7

106.8
105.1
103 .6

404. 0
400. 9
396. 3

2447. 9
2454. 3
2443 . 9

679.4
670.9
680.4

86.4
90.7
83.2

25.3
27.4
25.6

354.5
356.2
357 . 1
361.2

8.2
8. 1
8. 1
8. 1

399.1
398.1
400.5
398.5

301.1
301.2
299.8
298.9

108.5
107 . 1
104.9
103 .6

409 . 6
408. 4
404. 6
402. 5

2454. 4
2454. 1
2446. 3
2443 . 2

669.3
684.2
685.7
680.2

90.1
86.0
86.4
86.3

27.2
26.8
25.9
29.6

357.9
357.3

8. 1
8. 1 e

409.9
406.5

301.3
312.1

105.2
107.9

406. 5
420. 0

2453. 0
2463 . 4

668.5
671.4

94.4
96.1

34.8
33.2

Wee* ea<Unq
1994-NOV. 14
21
28
DEC.

1995-JAN.
1.
2.
3.
4.
5.
6.

5
12
19
26
2p
9p

At thrift
institutions5
107.7
108.0

Total

In M26

399.7
403 .0

2440 .2
2434 .8

In M3 only7

19,

vuucM.vy vuio.ue u . c . iieaauiy, reuercii neserve oariKs ana ine vauns or depository institutions

oZi:: :i sss m ass: s

deposits O V e m i 9 h t

R P S a n d Eurodollars

'

mone

asEdse Act

a

y market fund balances (general purpose and broker/dealer), savings deposits (including money market deposit accounts) and small time

IurodoIlars held by fnstrtuti'oivonly^ money market^mutual

f

U

S
residentS m o n e
'
un ds

y

market ,und balances

(institution-only), l e s s the estimated amount of overnight R P s and

broker/dea f |er) e r n ' 9 h t ^ c o n t i n u i n 9 c o n t r a c t R P s issued by all depository institutions to other than depository institutions and money market mutual funds (general purpose and

http://fraser.stlouisfed.org/
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).
Federal Reserve Bank of St. Louis

Page 8
H.6 (508)
Table 5 - continued

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

commercial
oanK;s
77 6 . 0
776. 7

At
thrift
insiiiuu oris
430. 8
429. 7

Total

commercial

At
thrift

Total

General
purpose and
broker/
dealer
money

1206. 9
1206. 4

479. 6
476. 7

328. 6
325. 4

808. 2
802. 0

343. 0
340. 8

190. 1
187 . 5

OCT
NOV.
DEC.

777 . 7
784 . 0
783. 9

430. 0
430. 4
429. 4

1207. 7
1214. 4
1213. 2

473. 3
468. 8
467 . 6

323. 0
320. 7
316. 4

796. 3
789. 5
784. 0

340. 7
345. 0
347. 2

1994-JAN.
FEB.
MAR.

786. 1
787 . 7
791. 3

428. 0
427. 9
432. 3

1214. 1
1215. 6
1223 . 6

465. 6
463. 8
462 . 2

314. 3
311. 0
309. 3

779. 9
774. 8
771. 5

APR.
MAY
JUNE

790. 6
784. 8
781. 9

433. 8
432. 1
4 2 9 . ,5

1224. 4
1216. 9
1 2 1 1 . .4

461. 2
4 6 3 . ,1
4 6 6 , ,3

3 0 8 . ,0
3 0 6 . ,1
3 0 5 , .8

JULY
AUG.
SEP.

7 7 9 . ,6
7 7 6 , ,5
7 7 2 , .3

4 2 5 . .7
419,.1
412 .2

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

469,• 9
475 .9
4 8 1 .2

OCT
NOV.
DEC. p

765 .2
7 6 1 .2
751 .1

407 . 1
401 .1
392 ,6

1 1 7 2 .3
1162 . 4
1143 .6

764 . 5
760 . 6
757 . 0

402 . 3
400 .7
398 .7

1166 .7
1161 .3
1155 .8

757
756
751
746

397
395
392
389

Small-denomination time deposits2

Savings deposits 1
Date
1993-AUG.
SEP.

Week e n d i n c i
1994-NOV. 14
21
28
DEC.

1995-JAN.

1.
2.
3.
4.

5
12
19
26
2p
9p

.1
.3
.1
.7

743 . 8
746 . 4

.8
.4
.3
.2

388 . 8
388 . 6

1154
1151
1143
1135

.8
.6
.3
.9

1132 . 6
1135 . 0

Large-denomination time deposits 3

Institutiononly money
market funds

commercial

At
thrift

Total

279.5
277.6

64.3
64.0

343.8
341.6

189. 2
194. 0
195. 8

277.6
276.2
276.0

63.7
63 . 6
61.6

341.3
339.8
337.6

349. 6
351. 5
357. 2

196. 2
186. 1
180. 5

276.7
273.0
270.9

61.4
61.4
61.1

338.1
334.4
332.0

769. 3
769. 2
772.. 1

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

176. 2
171. 0
1 6 6 . ,3

270.0
277.5
277.2

61.4
60.9
61.3

331.4
338.4
338. 5

306, .6
305 .6
306 .4

7 7 6 , ,4
7 8 1 , .5
787 ,.6

358 .3
358 .5
355 . 8

167 ,.4
169, .5
165 . 1

276.4
281.3
285.0

61.7
61.9
62 . 9

338.1
343.2
348.0

487 .7
493 . 2
501 .8

309 . 5
313 . 5
314 .7

797 .2
806 .7
816 . 5

359 . 2
366 . 0
372 . 9

170 . 5
175 . 0
175 . 5

288.8
295.2
297.7

63.8
64.2
64.3

352.7
359.5
362.0

492 .7
493 . 3
494 . 3

313 . 1
314 . 0
314 .7

805 . 8
807 . 3
809 . 0

363 . 7
367 .7
370 . 3

180 . 1
174 . 2
172 . 3

295.0
295.3
297 . 0

64.3
64.2
64.4

359.2
359.4
361.3

.9
.5
.9
.2

314 . 8
314 . 9
314 . 2
314 .2

811
814
816
818

.6
.4
.5
.0

169 . 9
177 . 2
176 . 5
17 5 . 9

297 . 3
299.9
2 9 9 .7
297 . 8

64.3
64.2
64.0
64.2

361.6
364.1
363.8
362.0

506 . 2
508 . 9

315 . 8
318 . 0

822 . 0
826 . 9

369 . 3
372 . 1

176 .7
178 . 0

291.9
291.4

64.8
65 . 3

356.7
356.7

496
499
501
504

.7
.3
.1
.4

370
375
374
373

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 c o m m e r cial banks and thrifts are subtracted from small time deposits.
.
..
Larqe-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities.
Large-denomination time deposits at commercial banks less those held by money market mutual funds, depository institutions, U.S. government, and foreign
banks and official institutions.

p
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
Date

Non-M3 Components of L
Term
Eurodollars2

Debt components®

At commercial
banks

At thrift
institutions

Total

1993-AUG.
SEP.

72 . 0
71.2

25 .6
26 . 0

97.6
97.3

44 . 1
45 . 2

167 .8
168 .7

342 .4
326 .0

16.3
15.9

374.6
380.2

3229.4
3251.9

8842.9
8882.2

OCT.
NOV.
DEC.

70.5
69.7
70 . 8

25 .4
25 .9
26 .0

95.9
95.6
96.8

45 . 0
48 . 9
47 . 0

169 .6
170 .6
171 .4

321 .8
332 .5
342 .6

16.3
15.7
15.3

385.2
385.6
389.3

3249 .4
3287 .0
3329 .5

8923.5
8954.3
8998.1

1994-JAN.
FEB.
MAR.

66.2
64.0
66.8

26 .6
27 . 5
27 . 2

92.9
91.5
94.0

46 . 0
48 . 1
47 . 2

172 .6
173 .7
174,.6

345 .3
342 .9
348 .6

15.6
15.5
15.2

398.9
402.0
389.7

3333,.0
3 3 4 5 ,.4
3 3 7 4 ,,5

9039.0
9058.2
9082.0

APR.
MAY
JUNE

70.3
67.9
70.2

27 . 6
29 . 1
30 .6

97.9
96.9
100.8

47 . 5
48 .7
51 .1

1 7 5 ,,4
176, 2
176, 9

352.8
355.8
346.2

13.7
11.4
10.6

387.3
385.0
390.9

3376. 8
3379. 7
3394. 5

9121.5
9166.1
9214.0

JULY
AUG.
SEP.

69.6
67.1
67.6

32.3
33.1
33.7

101.9
100.3
101.3

52 . 0
52 .2
5 3 ,. 1

177.4
177.9
178.4

351.0
358.5
341.6

10.8
11.1
11.6

389.5
382.0
393.0

3393.9
3418.4
3438.4

9249.1
9282.5
9327.3

OCT.
NOV.
DEC. p

66.3
66.5
66.3

34.7
35.2
36.9

101.1
101.7
103.2

54,,0
5 5 , .7
53. 6

179. 0
179. 7 P

344. 3
362. 9 P

11.8
11.0

408.6
408.0 p

3448. 7
3485. 3 P

9367.6
9410.1 p

64.8
63.5
71.1

36. 0
35. 0
34. 6

100.8
98.5
105.7

56. 2
55. 3
56. 5

65.3
68.9
69.3
65.0

35. 6
35. 9
37.4
38.4

100.8
104.8
106.7
103.4

52.4
53. 1
54. 0
54. 6

61.3
62.7

37. 1
38. 1

98.4
100.8

53. 3
52.2

Week e n d i n g
1994-NOV. 14
21
28
DEC.

5
12
19
26

1995-JAN.

1.
2.

2p
9p

Term RPs aro thneo vvith n r i n i n a l mati

T

r-

In h^rXi1r0<

7,,

Iars

a r e

;;

°

.

t*.ww

T.

' ",WM

u a

Savings bonds

Short-term
Treasury

Bankers

p

Commercial

Federal debt

/ ' o A w u u m y u u m i n u i n u u u n u a c i s a n a retail M r s .

^ ° f ? W'th 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
branches

3.
4.
5.
6.

°"icial

ln,,i,u,ions

'Fed""

L

°a"

-

— r

Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities,
preliminary




Non-Federal

Page 10

H.6 (508)
Table 6

MEMORANDUM ITEMS

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

Time and
dueto*
foreign
banks and
official
institutions
11.2
10.8

U.S. government deposits

IRA and Keogh Accounts
Tims and

Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

3.8
5.5

5.7
9.3

20.0
23.2

29.5
37.9

deposits^
commercial
banks
3.1
2.8

10.7
10.8
10.9

4.5
4.0
5.2

5.9
5.6
6.7

12.6
8.8
16.2

23.1
18.4
28.1

1.6
1.5
1.6

11.3
11.9
12.5

5.7
4.2
4.3

7.3
6.3
5.2

25.2
27.9
15.7

8.6
8.1
8.2

1.5
1.5
1* 5

12.9
13.0
13.1

7.1
4.2
5.3

5.6
5.9
5.9

JULY
AUG.
SEP.

8.3
7.7
8.1

1.5
1.5
1.5

13.4
14.0
14.6

4.8
3.9
5.8

OCT.
NOV.
DEC. p

8.0
8.1
8.4

1.6
1.8
1.6

14.9
15.0
15.0

7.4
8.1
8.7

1.5
1.6
2.3

9.1
8.2
8.4
8.1
8.5
7.7

Date

Foreign
commercial
banks

Foreign
official
institutions

1993-AUG.
SEP.

8.1
8.5

1.6
1.5

OCT.
NOV.
DEC.

8.3
8.2
9.1

1.6
1.8
1.6

1994-JAN.
FEB.
MAR.

8.5
8.4
8.1

APR.
MAY
JUNE

w**k ttttiiaa:
1994-NOV. 14
21
28
DEC.

5
12
19
26

1995-JAN.

e
p

estimated
preliminary




2p
9p

Note
balances at
depository
institutions

Total
cash
balance

At
commercial
banks

At
thrift
institutions

At
money
market
funds

Total

146.1
145.8

117 .4
116 .9

47 .4
47 .5

310.9
310.2

2.6
2.7
2.6

145.2
144.6
144.2

116 . 1
115 .3
114 .6

48 . 1
49 . 1
49 .8

309.4
309.0
308.6

38.3
38.4
25.1

2.1
2.6
2.4

143.9
143.6
142.6

114 .0 e
113, ,4 e
112, ,9 a

48, .6 e
48, .6 a
51, .8 e

306.5 e
305.6 e
307.3 e

20.8
24.3
18.4

33.5
34.4
29.6

2.1
3.1
2.9

142.2
142.2
142.3

112, ,6 a
112. ,2 e
Ill, 5 e

54, .8 e
56, ,4 e
56, 8 e

309.6 a
310.9 a
310.6 a

5.4
5.1
6.0

11.3
10.1
16.9

21.5
19.0
28.8

2.7
2.9
2.5

142.6
142.6
142.7

111, ,7 a
111, 7 e
111, 6 e

56, 2 e
56. 9 e
57. 5 e

310.5 a
311.2 a
311.8 a

4.3
3.9
5.7

5.6
5.2
6.2

12.1
9.8
13.4

22.0
18.9
25.3

2.2
2.0
1.3

142.7
142.8
142.9

111, 7 e
111. 7 a
111. 7 •

58. 1 e
58. 5 e
59. 0 a

312.5 a
313.0 a
313.6 a

15.0
14.9
15.0

3.7
4.3
3.9

5.3
4.9
5.1

10.0
6.3
7.9

19.0
15.5
16.9

2.0
1.9
1.8

1.6
1.6
1.4
1.7

15.0
15.0
15.0
15.0

4.5
3.7
9.4
4.5

4.6
5.8
5.8
7.2

9.7
2.0
22.8
15.7

18.7
11.5
38.0
27.4

1.9
0.7
0.7
1.7

1.7
1.6

15.0
15.0

6.4
4.7

7.4
7.3

16.8
13.9

30.6
25.9

1.7
0.8