Full text of H.6 Money Stock Measures : January 19, 1995
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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 ) 1. JULY 1 1 , 1994 (26 weeks p r e v i o u s ) 0.7 0.3 2.0 JAN. 1 0 , 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 Total In M26 In M3 only7 404.2 406.6 2440.8 2439.2 652.3 653.3 312.4 315.4 7.8 7.8 370.9 375.4 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. MAY 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 1995-JAN. 7 At thrift institutions5 108.3 108.8 1993-ADO. SEP. DEC. 4. 5. 6. Nontransactions components Other checkable deposits At commercial banks4 295.9 297.8 Weqfr en4jnq 1994-NOV. 14 21 28 1. 2. 3. Travelers checks2 Demand deposits3 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 eFRASER 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. 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 Small-denomination time deposits2 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 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. Debt components 4 Non-M3 Components of L 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 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 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 DEC. 1995-JAN. 4. 5. 6. Demand deposits3 At commercial banks4 292.1 295.0 Wee* ea<Unq 1994-NOV. 14 21 28 1. 2. 3. Travelers checks2 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 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 DEC. 5 12 19 26 1995-JAN. 2p 9p Term RPs aro thneo vvith n r i n i n a l mati T Debt components® At commercial banks Week e n d i n g 1994-NOV. 14 21 28 1. 2. Non-M3 Components of L Term Eurodollars2 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 branches of U.S. banks world-wide and by 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 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 Time and 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