Full text of H.6 Money Stock Measures : January 7, 1993
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
JPSSSS&V FEDERAL RESERVE statistical release H.6 (508) Table 1 MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES JANUARY Billions of dollars Date Ml 1 M2 Z 7, 1993 DEBT5 M3 J Seasonally adjusted 1990-DEC. 826.1 3339.0 4114.9 4965.5 10751.4 1991-JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEP. OCT. NOV. DEC. 826.2 836.2 842.3 842.7 850.9 857.3 860.0 866.5 872.0 880.9 891.4 898.1 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 1992-JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEP. OCT. NOV. 910.4 931.0 939.0 942.8 954.3 951.7 960.5 973.1 988.6 1007.3 1019.0 3447. 3474. 3475. 3471. 3473. 3464. 3461. 3471. 3481.8 3497.1 3507.5 4173.7 4198.7 4191.8 4179.4 4178.7 4166.7 4162.9 4176.3 4183..0 4184..7 4191..4 4980. 5009. 5019. 5012. 5002. 5013. 5006. 5024.8 5043.8 5050.7 11237. 11288. 11345. 11397. 11443. 11490. 11527. 11564, 11596. 11622. Not seasonally adjusted 1990-DEC. 844.1 3351.9 4124.9 4985.2 10739.9 1991-JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEP. OCT. NOV. DEC. 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 4171 4182 4156 4165 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 10765.6 10796.3 10826.0 10845.9 10893.9 10944. 10978. 11018. 11062. 11108. 11152.8 11191.4 1992-JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEP. OCT. NOV. 918.2 916.8 930.8 954.7 944.0 952.1 963.0 970.6 983.0 1001.2 1021.9 3455. 3461. 3476. 3489. 3455. 3460. 3464. 3470. 3473. 3492 3510.8 4178.8 4188.2 4196.9 4196..2 4164..4 4163.8 4163.9 4179..0 4174..2 4175..2 4193..5 4998. 5002. 5026. 5027. 4986. 5000. 4997. 5018. 5033. 5039. 11224.9 11256.4 11305 3 11354 3 11394 7 11441 2 11481 9 11526 6 11569 0 11600 5 p Footnotes appear on the following page. p--indicates preliminary data. H.6 ( 5 0 8 ) Table 2 MONEY STOCK AND DEBT MEASURES Percent change at seasonally adjusted annual rates Debt 1 Ml M2 M3 3 Months from AUG. 1992 TO NOV. 1992 18.9 4.2 1.4 3.3 6 Months from MAY 1992 TO NOV. 1992 13.6 2.0 0.6 3.9 12 Months from NOV. 1991 TO NOV. 1992 14.3 2.2 0.6 4.4 17.6 3.6 1.0 Thirteen weeks ending DECEMBER 28, 1992 from thirteen weeks ending: SEP. 28, 1992 (13 weeks previous) JUNE 29, 1992 (26 weeks previous) 14.0 1.9 0.4 DEC. 3 0 , 1991 (52 weeks previous) 14.2 2.1 0.5 Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, July 1992 to October 1992, April 1992 to October 1992, and October 1991 to October 1992, respectively. Footnotes to Table 1 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, less cash items in the process of collection and Federal Reserve floatj and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOH) and automatic transfer service (ATS) accounts at depository institutions, credit union share draft accounts and demand deposits at thrift institutions. Seasonally adjusted Ml is calculated by summing currency, travelers checks, demand deposits, and OCDs, each seasonally adjusted separately. Consists of Ml 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 less 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-Mi component as a whole and then adding this result to seasonally adjusted Ml. Consists of M2 plus large-denomination time deposits (in amounts of $100,000 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 ot overnight RPs and Eurodollars held by institution-only money market mutual funds. Seasonally adjusted M3 is obtained by adjusting its non-M2 component as 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 acceptances, net of money market mutual fund holdings of these assets. Debt of domestic nonfinancial sectors consists of outstanding credit market debt of the U.S. 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, bankers 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 nonfinancial sectors are presented in month-average form, derived by averaging adjacent month-end levels. These data have also been adjusted to remove statistical discontinuities that may arise in the underlying flow of funds statistics. The presentation of debt data in this release differs, therefore, from the quarterly flow of funds statistics contained in the Federal Reserve releases Z.7 and Z.l. In those releases, published levels of credit market debt are measured on a quarter-end basis and include discontinuities. H.6 ( 5 0 8 ) Table 3 MONEY STOCK MEASURES Billions of dollars Sea:sonally adjus ted Ml Period ending 13-week average 4-week average M3 M2 week average 13-week average 4-week average week average 13-week average 4-week average week average 1992-OCT. 5 12 19 26 976.3 980.2 983.6 987.2 991.9 997.2 1000.7 1005.2 999.7 1006.8 1005.1 1009.1 3473.0 3475.8 3478.6 3481.2 3483.7 3487.3 3490.6 3494.4 3487.7 3498.3 3495.8 3495.9 4175.1 4177.3 4178.5 4180.1 4180.2 4180.8 4179.7 4181.6 4161.3 4195.6 4182.0 4187.3 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 3507.3 3508.3 3514.5 3513.4 3497.9 3503.3 4182.1 4183.7 4185.1 4186.2 4186.4 4189.3 4189.0 4191.9 4192.2 4191.2 4192.2 4194.6 4193.5 4188.5 4188.3 DEC. 7 14 21p 28p 1008.1 1010.8 1013.0 1016.0 1020.1 1019.7 1021.0 1023.3 1022.6 1021.5 1019.7 1029.4 3497.9 3499.6 3500.9 3502.6 3506.2 3504.5 3504.7 3504.6 3510.2 3506.4 3499.0 3502.7 4187.0 4186.6 4185.6 4184.6 4189.7 4188.2 4184.5 4179.2 4188.5 4187.3 4174.0 4166.9 Not seasonally adjusted M2 Ml Period ending 13-week average 4-week average week average 13-week average 4-week average M3 week average 13-week average 4-week average week average 1992-OCT. 5 12 19 26 973.5 976.2 979.4 982.7 985.7 988.3 993.9 999.6 1002.2 1003.5 1002.6 990.2 3470.3 3471.9 3474.5 3476.8 3474.4 3476.2 3483.6 3490.1 3489.4 3498.5 3495.9 3476.6 4172.9 4174.0 4174.9 4175.7 4170.0 4167.9 4169.5 4172.6 4159.8 4193.1 4175.9 4161.7 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 3510.6 3499.8 3522.7 3522.1 3496.5 3500.9 4176.2 4177.2 4178.4 4179.8 4180.9 4177.5 4179.9 4185.8 4191.3 4193.5 4179.2 4202.8 4199.6 4183.4 4188.1 DEC. 7 14 21p 28p 1006.0 1009.8 1014.6 1020.9 1026.3 1029.8 1037.9 1044.4 1043.0 1042.5 1042.9 1049.2 3495.5 3498.3 3502.0 3506.4 3512.6 3513.9 3518.4 3520.2 3530.7 3527.6 3514.4 3507.9 4182.2 4182.6 4183.6 4185.4 4194.2 4195.7 4195.7 4191.8 4205.5 4205.8 4183.4 4172.3 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 Currency Date 1 Travelers checks 2 Demand deposits3 commercial banks 4 At thrift institutions5 Total In M 2 6 In M3 only 7 1991-JULY AUG. SEP. 259.3 261.3 262.9 7.8 7.8 7.8 279.3 280.1 280.6 225.8 229.5 232.4 87.8 87.8 88.2 313.7 317.3 320.6 2547.4 2543.2 2539.9 750.0 747.0 740.9 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 2543.4 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 2518.8 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. 288.4 290.0 8.6 8.6 336.2 339.2 272.3 278.4 101.7 102.8 374.0 381.2 2489.9 2488.5 687.5 683.9 Neek ending 1992-NOV. DEC. 1. 2.\ 2 9 16 23 30 288.7 289.5 290.1 290.1 290.6 338.8 338.2 340.8 337.1 341.3 278. 279. 279. 277. 276. 102.8 103.4 104.0 100.8 102.8 380.8 382.7 383.7 378.6 379.6 2491, 2495, 2490, 2483, 2483, 684. 680. 680. 690. 685. 7 14 21p 28p 291.0 291.5 292.2 294.0 339, 339, 336, 341, 280. 278. 280. 280. 103, 103. 101. 105. 383, 381, 382. 385, 2487, 2484, 2479, 2473, 678. 680. 675. 664. 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 foreian-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 NON and ATS balances at commercial banks, U.S. branches and agencies of foreiqn banks, and Edge Act corporations. 5. Consists of NON and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts. 6. Sum of overniqht 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 overniqht 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 commercia.1 . thrift institutions banks Date Large-denomination time deposits 3 Small-denomination time deposits2 Total At At thrift commercial banks institutions Total General purpose and broker/dealer money market funds Institutiononly money market funds At . At commercial thrift 4 banks institutions Total 1991-JULY AUG. SEP. 623.2 630.4 636.7 363.0 363.7 365.7 986.1 994.1 1002.4 617.5 621.2 619.5 512.0 499.6 491.5 1129.5 1120.8 1111.0 367.9 362.4 359.9 155.4 158.6 162.6 374.0 372.1 368.1 97.4 93.5 90.4 471.4 465.6 458.5 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. 743.4 749.9 428.2 431.9 1171.6 1181.8 519.4 511.6 379.3 372.8 898.8 884.4 347.6 348.7 205.6 203.5 305.4 303.0 67.9 66.5 373.2 369.5 2 9 16 23 30 745.9 750. 2 752.0 749.3 748.7 430.1 431.0 431.8 432.1 432.8 1176.0 1181.2 1183.8 1181.4 1181.5 515,.9 513,.8 511..8 510,.4 509,,2 376.4 374.7 373.2 371.8 370.6 892, 888, 885, 882, 879.8 351. 350. 348. 346. 348. 205.9 203.8 201.3 205.1 203.2 300.0 301.6 302.9 304.2 304.1 67.2 66.7 66.6 66.2 66.2 367.2 368.3 369.5 370.4 370.3 7 14 21p 28p 752.3 755.9 754.3 752.0 433, 433, 434, 434. 1185.9 1189.4 1188.5 1186.1 508..1 507. 9 507,.6 506,.1 369 367 365 364 877. 875. 872.8 870.7 348. 347. 347. 346, 195.9 196.7 194.6 192.9 303.1 302.3 300.7 300.7 66.0 65.5 64.9 64.8 369.1 367.8 365.5 365.5 Meek ending 1992-NOV. DEC. 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. Large7denomination 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. H.6 (508) Table 4-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, seasonally adjusted Debt components4 Non-M3 Components of L Savings bonds Short-term Treasury securities1 Bankers acceptances2 1991-JULY AUG. SEP. 133.5 134.4 135.2 331.1 328.9 321.2 28. 27. 25.8 OCT. NOV. DEC. 136.1 137.1 137.9 319.7 322.9 316.1 1992-JAN. FEB. MAR. 138.9 140.1 141.2 APR. MAY JUNE Commercial paper 3 Federal debt Non-Federal debt 339.8 336.3 337.7 2639. 2665. 2686. 8386.8 8397.2 8408.8 25. 24. 23. 336. 337. 339. 2713. 2742. 2764.8 8419.5 8432.3 8436.5 310.0 319.9 327.7 23. 22. 22. 334.8 327.5 337.0 2782.6 2801.8 2841.7 8454.8 8486. 8503. 142.4 143.5 144.6 327.6 328.9 333.3 21. 22. 22. 341, 329. 347, 2877. 2908. 2943.8 8520 8534 8546 JULY AUG. SEP. 145.9 147.5 149.5 325.2 327.8 326.4 21. 20. 20. 350, 352, 364. 2968. 2992. 3004.8 8558.9 8572.3 8591.7 OCT. p 152.0 322.9 21.6 369.5 3001.4 8621.0 Date 1. 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 market mutual funds. 3. Total commercial paper less commercial paper held by money market mutual funds. 4. Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities. p--indicates preliminary data. 2. H.6 ( 5 0 8 ) Table 5 COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, not seasonally adjusted Nontransactions components Other checkable deposits At commercial banks 4 At thrift institutions5 Total In M 2 6 In M3 only 7 Overnight RPs 8 Overnight Eurodollars9 89.0 88.3 88.2 312.1 315.1 318.7 2548.3 2544.8 2536.7 748.1 750.9 740.9 51.2 53.1 52.2 13.8 14.5 14.6 232.0 238.1 244.8 88.6 90.7 91.7 320.6 328.8 336.5 2537.8 2540.9 2536.3 736.6 734.2 728.0 53.7 54.2 53.6 16.3 19.5 22.6 300.0 296.3 302.0 250.7 250.5 254.2 91.8 92.7 95.8 342.5 343.2 350.0 2537.3 2544.8 2545.5 723.3 726.6 720.7 55.8 58.2 54.0 21.9 19.4 20.6 7.6 7.7 8.2 312.9 307.5 310.6 261.4 255.8 257.8 99.4 97.3 98.3 360.8 353.1 356.1 2534.9 2511.3 2507.9 706.6 709.0 703.8 53.3 50.8 52.7 19.3 18.4 19.3 280.8 282.9 284.7 8.6 8.8 8.9 317.2 319.2 325.4 257.8 260.8 264.0 98.6 98.9 100.0 356.4 359.7 364.0 2501.8 2499.6 2490.3 699.2 708.8 700.9 53.4 59.3 56.8 19.0 16.5 17.3 287.0 290.1 8.7 8.3 336.0 343.4 268.3 277.1 101.2 103.0 369.5 380.1 2491.1 2488.9 682.8 682.7 55.4 54.0 19.7 20.9 2 9 16 23 30 286.4 290.3 290.1 289.8 290.8 8..5 8,,4 8,.3 8..2 8,,1 339. 342. 347. 336. 347. 272. 279. 278. 275. 274, 101.6 105.1 104.3 100.8 101.7 374.0 384.8 383.0 376.0 376.6 2491. 2497. 2493. 2485. 2477. 679.4 680.0 677.5 686.9 687.2 56. 55. 54. 55. 50. 21. 20. 20. 21. 21. 7 14 21p 28p 293.1 293.5 295.7 298.1 8,.1 8,.1 8.,1 8.,1 351. 354. 352. 357. 284. 282. 284. 283. 106, 103, 102. 102. 390.8 386.0 386.4 386.0 2487, 2485. 2471. 2458. 674.8 678.1 669.0 664.4 53. 53. 51. 52, 22.8 21.3 21.8 19.0 Currency 1 Travelers checks 2 Demand deposits3 1991-JULY AUG. SEP. 260.8 262.0 261.7 8.5 8.6 8.3 280.9 278.8 278.6 223.1 226.9 230.6 OCT. NOV. DEC. 263.1 266.3 270.0 8.0 7.7 7.7 283.7 291.1 303.0 1992-JAN. FEB. MAR. 267.8 269.5 271.0 7.8 7.8 7.7 APR. MAY JUNE 273.4 275.7 277.3 JULY AUG. SEP. OCT. NOV. Date Neek ending 1992-NOV. DEC. e e e e Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions Outstanding amount amount of of U.S. U.S. doll dollai—denominated checks of nonbank issuers. -Travelers checks issued by depository institutions are Outstanding ' * - X - J xtravelers * ' •-- -*•---•-•-• * included in demand deposits Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions, the U.S. government and foreign banks and official institutions, less cash items in the process of collection and Federal Reserve float. 4. Consists of NOH and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations. 5. Consists of NOH and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts. 6. Sum of overnight RPs and Eurodollars, money market fund balances (general purpose and broker/dealer), savings deposits (including money market deposit accounts) and small time deposits. 7. Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances (institution-only), less the estimated amount of overnight RPs and Eurodollars held by institution-only money market mutual funds. 8. Consists of overnight and continuing contract RPs issued by all depository institutions to other than depository institutions and money market mutual funds (general purpose and broker/dealer). 9. Issued by foreign branches of U.S. banks worldwide to U.S. residents other than depository institutions and money market mutual funds (general purpose and broker/dealer). e—indicates estimated data. p--indicates preliminary data. H.6 (508) Table 5-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, not seasonally adjusted Savings deposits 1 At At thrift commercisil institutions banks Date Small-denomination time deposits2 Total At At thrift commercial banks institutions Total Large-denomination time deposits 3 General purpose InstitutionAt At thrift and broker/dealer only money commercial banks 4 institutions money market funds market funds Total 1991-JULY AUG. SEP. 626.1 631.9 635.8 364.7 364.6 365.1 990.9 996.5 1001.0 617.3 620.8 619.1 511.9 499.3 491.2 1129.2 1120.0 1110.3 363.3 360.7 358.7 151.5 156.2 157.4 373.7 373.9 369.6 97.3 93.9 90.8 470.9 467.8 460.4 OCT. NOV. DEC. 644.6 655.3 662.4 368.7 373.2 376.3 1013.3 1028.5 1038.7 615.2 606.9 598.7 482.0 473.2 464.6 1097.1 1080.1 1063.4 357.4 358.6 358.1 163.4 172.7 180.3 362.8 356.9 352.8 87.4 85.1 82.8 450.2 441.9 435.5 1992-JAN. FEB. MAR. 672.3 685.2 696.8 383.1 392.9 403.7 1055.4 1078.1 1100.5 589.5 577.6 569.5 456.6 444.7 433.8 1046.1 1022.4 1003.2 358.2 366.7 367.3 188.1 196.9 191.4 344.0 340.6 337.3 80.9 78.8 76.2 424.9 419.4 413.5 APR. MAY JUNE 706.1 708.0 714.1 409.6 414.4 418.2 1115.7 1122.4 1132.2 565.5 556.4 549.5 418.8 409.4 403.2 984.3 965.8 952.7 362.3 354.0 350.9 190.9 195.5 195.7 330.9 330.9 326.8 73.6 71.5 70.1 404.4 402.4 396.9 JULY AUG. SEP. 719.8 726.2 733.4 420.1 422.4 424.6 1140.0 1148.5 1158.0 543.4 534.5 527.0 398.7 392.9 387.6 942.1 927.3 914.6 347.3 348.0 343.5 202.2 213.8 210.0 318.9 318.0 313.2 69.4 68.6 68.3 388.3 386.6 381.5 OCT. NOV. 742.1 749.5 427.5 431.6 1169.6 1181.2 520.4 512.1 380.1 373.2 900.5 885.2 345.9 347.6 199.8 202.2 305.4 302.6 67.9 66.4 373.3 369.0 2 9 16 23 30 743.2 751.7 753.3 748.1 746.3 428.6 431.8 432.6 431.4 431.4 1171.8 1183.4 1185.9 1179.5 1177.7 516.5 514.4 512.3 510.8 509.7 376.8 375.1 373.6 372.1 370.9 893. 889. 885. 883. 880. 349.0 348.3 346.9 347.1 347.9 203. 201. 198. 205. 202. 299, 301, 302, 303, 303. 67. 66. 66. 66. 66. 366, 368, 369, 370, 369. 7 14 21p 28p 752.3 755.4 748.8 744.8 433. 433. 431. 430, 1185.9 1188.5 1179.9 1174.8 508. 508. 507. 506. 369. 367. 365. 364.7 878. 875. 872. 870. 347.1 346.9 345.6 341.7 195.9 199.3 197.9 194.0 302. 301, 299, 299. 65.8 65.3 64.6 64.6 367.9 366.8 364.2 363.9 Week ending 1992-NOV. DEC. 1. 2. Savings deposits include money market deposit accounts. Small-denomination time deposits--includinq 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. H.6 (508) Table 5-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, not seasonally adjusted Term RPs 1 At A* thrift commercial institutions banks Date Debt components6 Non-M3 Components of L Total Term Eurodollars2 Savings bonds Short-term Treasury securities3' Bankers acceptances* Commercial paper5 Federal debt Non-Federal debt 1991-JULY AUG. SEP. 49.6 49.0 48.3 29.1 29.2 28.2 78.7 78.2 76.5 62.7 63.6 61.5 133.6 134.3 135.0 322.5 323.4 322.2 27.9 27.2 25.5 338.8 333.1 335.8 2609.3 2642.9 2673.1 8368.7 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 51.8 142.7 143.9 144.9 322.5 320.8 321.7 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 48.6 146.0 147.4 149.2 316.9 322.2 327.6 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. 57.0 58.7 20.3 20.7 77.3 79.4 48.2 48.8 151.8 p 326.9 p 21.4 p 364.3 p 2998.1 p 8602.4 p 2 9 16 23 30 58.8 58.5 57.4 58.2 60.8 19.9 20.3 20.7 20.9 21.1 78.8 78.8 78.1 79.1 81.9 48.0 48.3 48.4 48.4 50.3 7 14 21p 28p 58.5 60.9 57.1 57.6 20.8 20.5 20.3 21.0 79.3 81.3 77.3 78.6 48.6 48.5 48.0 49.0 Week ending 1992-NOV. DEC. 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 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, --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 U.S. government depo!sits Time and savinqs deposits due to foreign banks Foreign Foreign and official official commercial institutions institutions banks Date Demand deposits at commercial banks Balance at Federal Reserve Note balances at depository institutions Total cash balance IRA and Keogh Accounts Time and savings At deposits At at commercial commercia 1 m thrift banks banks institutions At money market funds Total 1991-JULY AUG. SEP. 8.0 7.9 7.8 1.5 1.5 1.5 6.3 6.5 6.6 3.7 3.6 5.2 6.6 5.8 7.8 17.1 13.5 21.7 27.3 22.9 34.7 1.6 1.5 1.5 141.8 143.1 144.4 134.6 133.2 131.6 42.2 42.8 43.3 318.5 319.1 319.4 OCT. NOV. DEC. 7.7 7.9 8.1 1.5 1.5 1.7 6.7 6.7 6.6 3.6 4.4 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 312.5 310.7 309.3 e OCT. NOV. 8.2 8.0 1.7 1.7 6.6 6.6 4.2 4.1 5.8 5.5 17.7 12.4 27.7 21.9 2.5 2.7 147.6 147.2 120.7 e 119.5 e 39.3 e 39.1 e 307.6 e 305.7 e 2 9 16 23 30 8.2 7.9 7.9 7.7 8.4 1.8 2.0 1.7 1.6 1.5 6.6 6.6 6.6 6.6 6.6 4.9 3.6 4.4 3.2 4.2 5.0 5.2 5.0 5.9 5.8 16.6 15.1 15.6 9.8 26.5 23.9 25.0 16.9 19.8 2.5 2.7 2.7 2.8 2.7 7 14 Zip 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 Week ending 1992-NOV. DEC. e--indicates estimated data, p—indicates preliminary data. 7.7