Full text of H.6 Money Stock Measures : January 31, 1985

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

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

JANUARY

Billions of dollars
M1 * *
Sum of currency,
travelers checks,
demand deposits and

Date

M2
M3
M1 plus overnight RPs
M2 plus
and Eurodollars,
large time deposits,
MMMF balances (gen. pur. term RPs, term Eurodollars
and broker/dealer), MMDAs,
and institution-only
and savings and small
MMMF balances3
time deposits2
Seasonally adjusted

31,

1985

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors6

1983—DEC.

525.4

2196.3

2710.4

3183.1

5224.6

1984—JAN.
FEB.
HAR.
APR.
HAT
JONE
JOLY
AOG.
SEPT.
OCT.
NOV.
DEC.

530.1
533.0
535.3
535.5
541.2
546.3
545.8
546.6
548.9
545.5
549.4
554.5

2206.8
2222.6
2230.0
2242.9
2258.6
2272.1
2281.9
2291.0
2305.6
2317.2
2346.4
2376.3

2723.1
2746.2
2767.1
2792. 1
2819.1
2841.6
2862.6
2873.6
2891.4
2915.7
2952.9
2987.3

3198.3
3227.9
3269.8
3296.1
3328.6
3372.9
3410.7
3432.5
3455.7

5282.8
5341.7
5396.7
5455.9
5517.7
5571.7
5632.4
5694.5
5743.1
5798.9
5871.6

1983—DEC.

537.9

2198.1

2716.5

3187.1

5218.5

1984—JAN.
FEB.
BAR.
APR.
HAY
JONS
JOLY
AOG.
SEPT.
OCT.
NOV.
DEC.

535.0
522.0
528.2
543.3
535.0
545.6
547.5
542.7
546.3
545.9
553.4
567.9

2210.6
2212.4
2231.0
2254.7
2253.5
2273.9
2287.0
2288.4
2299.1
2316.5
2344.9
2377.8

2729.0
2738.9
2768.3
2800.7
2814.4
2840.2
2861.5
287U7
2885.7
2913.8
2953.9
2993.7

3209.7
3229.4
3276.2
3307.6
3324.4
3366.9
3402.6
3422.1
3443.8

5276.0
5322.5
5373. 1
54 30. 1
5491.8
5550.9
5613.2
5676.3
5731.9
5791.8
5861.8

Not seasonally adjusted

M1
13-week average

Seasonally adjusted
4-week average

For period ended

week average

13-week average

Not seasonally adjusted
4-week average

week average

1984-DEC.

3
10
17
24
31

548.0
547.8
548.0
548.9
549.6

549.9
551.3
550.9
551.8
554.4

547.3
551.2
550.9
557.8
557.5

548.9
549.4
550.5
553.0
555.7

553.6
555.9
557.9
562.8
568.5

553.5
564.4
564.9
568.3
576.3

1985-JAN.

7
4 P
21 P

550.7
551.4
552.8

556.5
558.0
558.9

559.7
556.9
561.6

558.5
560.0
561.6

574.4
576.5
575.1

588.0
573.2
562.8

NOTE:

SPECIAL CAUTION SHOULD BE TAKEN IN INTERPBETING HEEK-TO-0B2K CHANGES IN HONEY S0PPLI DATA, MICH ARE
HIGHLY VOLATILE AND SUBJECT TO REVISION.
P—INDICATES PRELIHINABY DATA.
FOOTNOTES APPEAR ON THE FOLLOWING PA&E




H.6 (508)
Table 2

MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES
Percent change at seasonally adjusted annual rates

M1

M2

M3

Debt1

3 MONTHS FROH SEPT. 1984 TO DEC. 1984

4. 1

12.3

13.3

12.4

6 MONTHS FROH JOVE

1984 TO DEC. 1984

3.0

9.2

10.3

12.8

12 MONTHS FROM DEC.

1983 TO DEC. 1984

5.5

8.2

10.2

13.6

THIRTEEN MEEKS ENDING JAN. 21, 1985
FROM THIRTEEN SEEKS ENDING:

1/

1/

2/

3/

U/
5/

OCT.

220

1984 (13 WEEKS PREV10OS)

4.2

JULY

23, 1984 (26 MEEKS PREVIOUS)

3.2

JAN.

23, 1984 (52 WEEKS PRE7IO0S)

5.2

GR08TH BATES FOB DEBT ABE BASED ON PERIODS BEGINNING AND ENDING ONE MONTH EARLIER THAN FOR THE MONETARY AGGREGATES,
NAMELY, AUGUST 1984 TO NOVEMBER 1984, HAY 1984 TO NOVEMBER 1984, AND NOVEMBER 1983 TO NOVEMBER 1984, RESPECTIVELY.
FOOTNOTES TO TABLE 1
CONSISTS OF (1) CORBENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF COMMERCIAL BANKS;
(2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PBOCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER
OF ilTHDRAWAL (NOI) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPCSITORI INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CUBBENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BY
THBIFT INSTITUTIONS TO SERVICE THEIB OCD LIABILITIES.
CONSISTS OF M1 PLUS OVERNIGHT (AND CONTINUING CONTRACT) BPS ISSUED BY ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. BESIDENTS BY FOBEIGN BBANCHSS OF U.S. BANKS WORLDWIDE, MMDAS, SAVINGS AND SMALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL B P S — I N AMOUNTS OF LESS THAN $100,000), AND BALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PUBPOSE AND BROKER/DEALER HONEY MARKET MUTUAL FUNDS. EXCLUDES IRA AND KSOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND MONEY MARKET FOMDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMERCIAL
BANKS, MONEY MARKET FUNDS (GENERAL PUBPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE U.S. GOVERNMENT.
ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF M2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OR MORE) AND TERM RP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY 0.S. RESIDENTS AT FOREIGN BRANCHES OF U.S. EINKS
HORLDIIDE 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. GOVEBNMENT, HONEY
MABKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.
ALSO SUBTBACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVEBNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY HONEY MABKET MUTUAL FUNDS.
CONSISTS OF S3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHOBT-TEBM TREASURY SECURITIES, COMMERCIAL
PAPEB AND BANKEBS ACCEPTANCES, NET OF MONEY MARKET BOT0AL FUND HOLDINGS CF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTOBS CONSISTS OF OUTSTANDING CREDIT HABKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE BONDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPER, EANKEES ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ARE DERIVED FROM THE FEDERAL RESERVE BOARD'S FLOW OF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC
NONFIMANCIAL SECTORS ARE PRESENTED IN MONTH-AVERAGE FORM, DERIVED BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IN THE UNDERLYING FLOtf OF FUNDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFOBE, FROH TBE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED IN
IN THE FEDERAL RESERVE RELEASES Z.7 AND Z.I. IN THOSE RELEASES, PUBLISHED LEVELS OF CBEDIT MABKET DEBT ARE MEASURED ON A
A Q0ABT2R-EN0 BASIS ABD INCLUDE DISCONTINUITIES.




H.6<80«
Table 3

COMPONENTS OF THE MONEY STOCK
BHIiont of dollafs, seasonally adjusted
Other

Date

1

Currency

Nontransacttons
component*

1
1

Travelers
checlur

Demand
deposits'

deposits4

inM2*

ont/

sS^^s-ds^t?
st
st
thrift
commerce
institutions
banks
134.6
178.2

1983-DEC.

148.0

4.9

243.7

128.9

1670.9

514. 1

1984-JAN.
FEB.
MAR.

149.9
150.2
150.9

4.9

5,0
5.0

244.5
243.8
244.0

130.8
134.0
135. 4

16/6.7
1689.6
1694.8

516. 3
523.6
537.0

132. 1
130. 1
128.9

APR.
MAY
JUNE

151.8
152.9
154.2

5.1
5.1
5.1

245.3
245.2
248.2

133.3
138.0
138.8

1707.4
1717.4

1725.7

549.2
560.5
569.5

JULY
AUG.
SEPT.

155.0
156.0
156.7

5.2
5.2
5.1

247. 1
245.5
246.4

138. 5
139.9
140.7

1736.1
1744.3
1756.7

OCT.
NOV.
DEC.

157.2
157.5
158.0

5.0
5.1
5.2

243. 8
245.7
248.3

139. 6
141. 1
143. 0

1771.7
1796.9
1821.9

1
tout

Selected nontranaacttons Hems
Smelt time deposits*
et
st
Infift
total
commercial
Institutions
banks

Lara i time deposits
at
infift
total
banks"
at

312.9

353. 1

440.0

793.1

225. 1

100.4

325.4

177.7
176.5
176.5

309.9
306.6
305.5

352.9
352.8
353.5

444. 1
448. 1
449.9

797.0
800.9
803.4

226.8
227.9
232.4

106.3
112.0
115.5

333.0
339.9
347.9

128. 6
128. 2
128. 0

176.9
177.3
177. 1

iOb.5
305.5
305. 1

356.0
360.5
365.7

452.4
456. 1
463.3

808.3
816.7
829.0

236.0
243.4
249.4

119.5
123.8
129.4

355.5
367.3
378.8

580.7
582.6
585.8

127.4
126. 3
125.9

175.6
173.4
172.9

303.0
299.7
298.8

371.8
377.8
382.2

473.3
484. 1
492. 1

845.2
862.0
874.3

254.8
255.2
257.7

134.2
136.7
135. 1

389.0
391.9
392.8

598.5
606.5
610.9

125. 2
124.7
123, 6

172. 1
171.4
170.8

297.3
29t>. 1
294.3

384. 4
386.0
387.7

500.5
505.5
509.4

884.9
891.5
897. 1

262.3
261.0
260.9

138.7

401.0
404.3
409.7

143.3
148.8

WEEK ENDING
1984
DEC.

10
17
24
31

157.2
157.3
157.5
158.1
159.0

244.3
245.9
246.4
249.8
251.1

140.7
142.8
141.8
144.6
142.2

124. 4
124. 4
123.8
122. 9
122.7

387.6
388.3
388. 1
387.2
386.4

257.9
261.6
259.5
262. 1
262.5

7
14 P
21 P

159.2
159.1
159.7

250.8
248.0
250.5

144.5
144.7
146. 2

122.6
121.5
121.0

386.5
384.7

259.7
260.8
259.7

3

1985
JAN.

1/
2/
3/

4/

5/
6/
7/
8/
9/
10/

383.4

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL HESEhVE BANKS AND VAULTS Of CCMflfcRCIAL BANKS. EXCLUDES SHE ESTIMATE
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS 10 SERVICE THE1B OCD LiAfclllllfcS.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS Of NCNbAkK ISSUlhS. TRAVELERS CHECKS ISSUED EX
INSTITUTIONS ARE INCLUDED IN DEMAND DEECSI1S.
DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INS1ITUTIONS UTfcE* 1HAN THOSE DUE 1C DOMESTIC BANKS, 1HE U.S. GCVfcfafcMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF CCLLEC1ION AND EELEfiAL fiESEBVE JICAl.
EXCLUDES THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL bAKKS fcV IHfclFT INSIIIDTICNS 1C SERVICE TKEIfi CCD
LIABILITIES.
CONSISTS OF NOB AND ATS BALANCES AT AL1 DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DflAFl tALANCES AfcC
DEMAND'DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASO&ALLX ADJUS1ED EQUALS IHE UllllBtUCE EETkiik THE
SEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED CiMAND DEPOSITS. INCLUDES A»E AIL CilliKi
FREE "SUPER NOMS," AUTHORIZED BY THE DEPOSITOR* INSTITUTIONS DEREGULATION CCBMITTEEl TO £E OFFEREE BEGINNING JANUABX 5,
1983.
SOfl OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND IJRCKIR/DEALERJ ,
MMDAS, AND SAVINGS AND SMALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT 1HAT BEPRESEH1S IHE ES1IMA1ED AMOUN1 Ci
DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIii TlflE AND SAVINGS DEECSI1S LI ABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND TERM EURODOLLARS OE U.S.fiESIDINlS,MONEY MARKE1 FUND BALANCES (INSlllMlChONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMA1ED AttCUM C* OVEfcNIGHl 6£S ANE EURODOLLAR* hlLL iX
INSTITUTION-ONLY MONEY MARKE1 FUNDS.
SAVINGS DEPOSITS EXCLUDE MHDAS.
.SMALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL E P S — AhE IUCSE IbSJiU IN AMOUNTS CE LESS IHAh $1C0#00G. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BA*KS AND THRIFTS AHE SUETRAC1EC FfcCM SHALL
TIME DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS AK£ THOSE ISSUi-D IN AMOUNTS OF $100,OuC Ch MCflE, EXCLUDING 1HOSE BCCKED AT
INTERNATIONAL BANKING FACILITIES.
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE H£LD bl MONEX MARKET MUTUAL FUNDS
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.
*




H.6 (508)
Table 4

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

Date

savings bonds

Non-M3 components of L
bankers acceptances 1 "
short-term treasury
securities1

70.8
71.0

217.2
223.3

42.9
43.3

124.7
135.2

1163.6
1 173. 1

4006.9
4051.6

1984-JAN.
FEB.
MAR.

71.2
71.7
72.2

226.3
231.2
2*5.2

42.7
41.6
42.4

134.9
137.3
142.9

1192.2
1216. 2
1224.9

4090.6
4125.5
4171.8

APR.
MAY
JUNE

72.5
72.8
73.0

241.4
239.9
254.4

43. 1
45.3
46.9

146.9
151.4
157. 1

1236.5
1252.2
1259.9

4219.4
4 265. 4
4311.8

JOLT
AOG.
SEPT.

73.2
73.4
73.6

267.4
276.8
286.J

47.3
47.3
46.2

160.2
161.4
158.2

1276.8
1300. 1
1310.9

4J55.5
4394.4
4432.2

1323. 1
1345.6

4475.8
4526. 1

_L
2/
3/
4/

Debt components'
federal debt
non federal debt

1983-NOV.
DEC.

OCT.
NOV.

1/

commercial paper3

CONSISTS OF U . S . TREASURY BILLS AND COUPONS HITU REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BT OTHER THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, MONET BABKBT MUTUAL FUNDS AND FOREIGN ENTITIES.
MET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BASKS. FOREIGN OFFICIAL INSTITUTIONS- THE FE;£HAL
HOME LOAN BANK SYSTEM AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BT MONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE B A S I S , DERIVED BY AVERAGING END-OP-MONTH LEVELS OF ADJACENT MONTHS. AND HAVE EEN
ADJUSTED TO REMOVE DISCOHTINOITIES.




H.6 (508)
Table 5

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

Other checkable deposits
Date

1

Currency

Travelers
checks2

Demand
deposits3

at commercial
banks4

at thrift
institutions5

6

total

in M2

7

in M3 only

Overnight
RPs8

Overnight
Eurodollars9

General
purpose and
broker/dealer
money market
funds

1983-DEC.

150.5

4.6

251.6

97.7

33.6

131.3

1660.2

518.4

44.8

11.4

138.2

1984-JAN.
FEB.
MAR.

148.4
148.3
149.8

4.6
4.7
4.8

249.4
237.9
239.4

99.2
97.8
99.7

33.4
33.3
34.5

132.6
131.1
134.2

1675.7
1690.5
1702.7

518.4
526.4
537.4

47. 1
48.1
47.0

11.5
11.4
11.3

137.8
142. 1
144.8

APS.
MAY
JONE

151.5
152.9
154.9

4.8
5.0
5.4

247,8
241.3
247.0

102.8
99.7
101.1

36.4
36.2
37.2

139. 1
135.9
138.3

1711.4
1718.5
1728.3

546.0
560.9
566.4

46.4
47.0
43.9

11.1
12.1
12.6

145.9
146.5
148.9

JULY
AUG.
SEPT.

156.3
156.5
156.5

5.8
5.7
5.4

247.5
242.9
245.3

100.4
100.2
101.2

37.6
37.4
37.9

138.0
137.5
139. 1

1739.5
1745.7
1752.8

574.4
583.3
586.6

43.2
45.2
44.1

13.7
13.5
12.7

150.5
150.6
152.0

OCT.
NOV.
DEC.

156.7
158.6
160.9

5.0
4.8
4.9

244,9
248.0
256.4

100.9
102.5
105.4

38.4
39.5
40.4

139.4
142.0
145.7

1770.5
1791.5
1809.9

597.3
609.1
615.9

44.7
48. 1
45.0

12.1
10.1
12.6

155.7
162.2
168.1

WEEK ENDING:
1984-DEC.

1985-JAN.

1/
2/
3/
4/
5/
6/
7/
8/
9/




10
17
24
31

158.0
160.8
160.7
162.2
160.5

248.3
251.8
254.2
256.1
265.2

102.9
105.9
105.0
105.2
105.6

39.6
41. 1
40. 1
39.9
40.2

142.4
147.0
145.2
145.1
145.8

52.9
47.1
46.4
39.7
43.2

11.5
10.9
12.1
13.7
14.1

165.5
167. 1
168.7
169. 1
168.7

7
14 P
21 P

160.4
159.0
158. 1

269.9
258.4
251.5

110.5
109.7
107.8

42.2
41.2
40.6

152.8
150.9
14 8.4

46.5
46.3
46.6

14.9
14.4
13.0

168.0
173.3
174.6

3

CUBRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND THE TAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
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 OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT, LESS THE ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF NOR AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AMD AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER NOUS OF $36.6 BILLION IN THE WEEK ENDED JANUARY 7, $36.8 BILLION IN THE SEEK ENDED JANUARY
14, AND $36.6 BILLION IN THE WEEK ENDED JANUARY 21.
CONSISTS OF NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOMS OF $13.6 BILLION IN THE iEEK ENDED JANUARY 7, $13.4
BILLION IN THE VEEK ENDED JANUARY 14, AND $13.3 BILLION IN THE IEEK ENDED JANUARY 21.
SUM OF OVERNIGHT RPS AND EURODOLLARS, HONEY MARKET FUID BALANCES (GENERAL PURPOSE AND BBOKER/DEALER), HMDAS AND SAVINGS
AND SMALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BX INSTITUTION-ONLY
MONEY MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BI COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
HONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
ISSUED BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AMD BROKER/DEALER).

H.6 (506)
Table 5-continued

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

Date

Money market deposit accounts
at
at
thrift
commercial
total
institutions
banks

at
commercial
banks

Savings deposits i
at
thrift
institutions

total

Small denomination time deposits2
at
at
total
thrift
commercial
institutions
banks

Large denomination time deposits3
at
at
thrift
total
commercial
4
institutions
banks

1983-DEC.

230.0

145.9

376.0

132.0

176.5

308. 5

351.0

437. 6

788.6

228.5

100. 7

329. 2

1984-JAN.
FEB.
MAE.

234.2
238.3
242.6

146.2
147.7
149.9

380.3
386.0
392.5

131.3
129.9
130.2

176.2
175.3
177.0

307. 4
305. 2
307. 2

353.7
355.4
356.0

445. 7
450. 0
451. 6

799.4
805.4
807.6

228.9
229.3
232.7

105. 7
111. 2
. 114. 2

334. 6
340. 5
346. 9

APE.
JUNE

245.4
244.3
244.9

151.0
150.2
146.0

396.4
394.6
392.9

130.5
129.9
129.7

178.1
178.3
178.8

308. 7
308. 2
308. 5

356.5
360.5
365.4

454. 2
457. 2
463. 7

810.7
817.6
829.0

233.4
241.3
247.0

118. 2
123, 3
128. 2

351. 6
364. 6
375. 1

JULY
AUG.
SEPT.

243.9
242.6
243.8

145.3
141.2
139-6

389.2
383.8
383.4

128.9
126.4
124.7

177.7
173.3
171.8

306. 7
299. 7
296. 6

370*8
377.6
381.6

473. 1
482. 5
490. 0

843.9
660. 1
871.7

251.5
255.5
258.6

132. 9
136. 9
136. 9

384. 4
392, 5
395. 5

OCT.
NOV.
DEC.

247.2
256.0
266.0

139.6
141.3
143.9

386.8
397.3
410.0

123.8
122.3
121.0

171.8
170.4
169.1

295. 6
292. 6
290. 0

383.8
384.8
385.2

499. 6
504. 1
506. 7

883.4
888.9
891.9

263.2
262.5
264.7

141. 7
146. 1
149. 5

404. 9
408. 7

MAY

WEEK ENDING

1984
DEC.

3
10
17
24
31

260.7
263.5
265.4
267.1
270.0

121.6
121.7
121.1
120.3
120.4

385.1
385.3
385.2
385.2
385. 1

261.7
265.5
262.9
265.4
266.3

7
14 P
21 P

274.6
278.5
280.3

121.6
121.1
120.5

385.3
385.0
384.7

263.5
263.0
260.8

1985
JAN.

1/
2/
3/
4/

SAVINGS DEPOSITS EXCLUDE MMDAS.
SHALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL RPS — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS 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 (IBFS).
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY MONEY MARKET MUTUAL FUNDS, DEPOSITORY
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




414. 2

H.6 (506)
Tabte 5-continued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
TermRPs1
Date

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

Term
Eurodollars2

Savings
bends

NonM3Coi nponents of L
Short-term
Bankers
treasury
acceptances4
securities9

Components of Debt
Commercial
paper*

Federal debt*

Non-Federal*
debt

1983-DEC.

43.2

36.4

19.6

56.0

93.4

71.3

222.7

44.7

131.8

1170.2

4048.3

1984-JAN.
FEB.
NAB.

43.5
44.6
45.0

34.2
35.7
35.4

19.1
18.8
20.6

53.3
54.5
55.9

89.9
89.9
93.2

71.6
71.8
72. 1

229.9
239.0
252.5

43.6
42.2
42.0

135.6
137.6
141.2

1189.8
1210.7
1223.6

4086.2
411U8
4149.5

APR.
HAY
JUNE

45.0
45.3
45.7

36.2
35.7
32.5

23.6
25.9
27.1

59,8
61.6
59.6

93.1
94.1
90.3

72.3
72.6
72.8

245.8
240.7
251.3

42.4
44.7
46.2

146.4
152.1
158.3

1235.9
1248.7
1255.8

4194.2
4243.1
4295.1

JULY
AUG.
SEPT.

46.1
46.2
46.9

31.4
34.3
34.9

28.2
29.1
29.7

59.6
63.4
64.7

88.8
86.1
84.4

73.0
73.3
73.5

260.5
270.7
280.0

46.5
46.6
46.2

161.2
159.8
158.4

1270.8
1295.8
1310.5

4342.4
4380.5
4421.4

OCT.
NO?.
DEC.

52.2
58.3
62.7

36.9
39.4
36.2

29.5
28.7
28.4

66.4
68.2
64.6

79.0
80.1
81.5

1323.0
1343.0

4468.8
4518.8

WEEK ENDING:

1984-DEC.

3
10
17
24
31

61.3
61.9
62.2
63.6
63.8

35.0
32.9
34.4
40.7
37.2

1985-JAN.

7
14 P
21 P

62.1
65.6
66.4

31.1
34.1
36.8

1/
2/
V
4/
5/
6/

TERM EPS ARE THOSE KITH ORIGINAL MATURITIES GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS.
TERH 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 WORLDWIDE 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, THE FEDERAL
HOME LOAN BANK SYSTEM 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 EHD-OF-MONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6 (508)
Table 6

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

Date

foreign
commercial
banks

foreign
official
institutions

Time and
savings
deposits
due to foreign
commercial
banks and
foreign official
institutions

IRA and Keogh Accounts

U.S. government deposits
demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

note balances
at commercial
banks
and thrift
institutions

total demand
deposits and
note and
FR balances

time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

money
market
mutual funds

total

1983-DEC.

8.2

2.0

7.1

3.0

3.6

7.8

14.4

0.7

30. 1

39.5

5.0

74.6

1984-JAN.
FEB.
MAR.

8.3
8.5
8. 1

1.8
1.9
1.9

7.0
6.8
6.9

3.1
3.1
3.0

4.7
4.5
4.0

16.5
19.2
14.5

24.2
26.8
21.5

0.9
0.9
0.9

31.0
32.7
34.7

41.0
42.8
44.6

5.2
5.5
5.7

77.3
81.0
85.0

APR.
MAY
JUNE

8.0
Q.2
8. 1

1.7
1.9
1.8

7.2
7.4
7.5

3.8
2.7
3.9

7.5
4.2
3.8

12.7
10.0
8.5

24.0
16.9
16. 1

0,9
0.9
0^8

38.3
39.5
40. 1

47.6
49.2
50.0

6.2
6.3
6.2

92.1
95.0
96.3

JOLT
AUG.

1.8
1.8
1.9

7.3
7.5
7.6

2.8
2.9
3.4

4.0
3.6
6.2

9.0
7.5
14.1

15.8

SEPT.

8.2
8.0
8.0

23.7

0.8
0.8
0.8

40.6
41.4
42.0

50.7
51.0
51.7

6.2
6.2
6.2e

97,5
98.7
99.8e

OCT.
NOV.
DEC.

8. 1
8.5
8.3

1.7
2.0
1.8

7.3
7.4
7.6

2.6
2.8
3.4

3.9
3. 1
3.5

8.4
7.5
9.1

14.9
13.5
16.0

0.9
1.0
0.9

42.6
43.2
43.8

52.6
53.3
54.2

6. 2e
6.2e
6.3e

101.4e
102. 7e
104.2e

3
10
17
24
31

8.1
8.5
8.2
8.5
8.0

1.9
1.9
2.1
1.7
1.7

7.4
7.7
7.7
7.6
7.6

2.3
2.8
4.6
3.4
3.1

2.6
3.3
3.5
3.7
4.0

5.3
6.0
4.6
13.9
13.8

10.2
12. 1
12.7
21.0
20.9

1.0
0.9
0.9
0.9
0.9

7
14 P
21 P

9.0
7.8
8.1

1.8
1.7
1.7

7.5
7.2
7.2

4.4
2.7
4.4

3.5
3.5
3.2

9.9
13.0
15.6

17.8
19.2
23.2

0.9
0.9
0.9

WEEK ENDING:
1984
DEC.

1985
JAN.

e = estisated