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"o b l £ £ v / z

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

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES6

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

Billions of dollars

J U L Y 13, 1 9 9 5

Date

M11

M22

M33

DEBT5

Seasonally adjusted
1993-JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1085.2
1095.1
1104.7
1113.5
1122.4

1128.6

3543.6
3549.3
3559.1
3564.4
3576.7
3583.6

4202.3
4205.5
4214.2
4222.7
4234.4
4242.5

5099.8
5112.4
5110.4
5118.9
5131.7
5150.3

12074.7
12133.1
12186.6
12222.6
12278.4
12343.8

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

1132.5
1137.0
1141.1
1142.8
1143 .5
1147.0
1152.2
1150.8
1151.0
1148.1
1147.5
1147.8

3589.1
3586.2
3597.4
3605.4
3608.5
3605.3
3616.2
3614.2
3613.3
3609.0
3610.3
3615.1

4245 .9
4232.0
4240.6
4250.8
4251.4
4256.6
4273.8
4272.7
4278.4
4284.6
4290.5
4303.1

5165.4
5162.6
5165.5
5181.9
5190.4
5188.5
5213.3
5214.6
5220.3
5238.7
5247.6
5292.6

12385.9
12434.6
12498.6
12556.0
12612.1
12651.6
12677.0
12740.1
12797.5
12844.5
12913.6
12955.5

1995-JAN.
FEB.
MAR.
APR.
MAY
JUNE

1148.8
1147.1
1147.8
1149.6
1142.9
1143.7

3626.8
3622.2
3629.7
3642.2
3657.4
3692.2

4325.8
4334.0
4355.6
4377.1
4405.9
4450.4

5319.7
5361.6
5405.8
5450.4
5482.6 p

13010.0
13090.3
13149.9
13202.2
13261.3 p

p

Not seasonally adjusted
1993-JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1083
1088
1099,
1112,
1129.
1153 ,

3541.6
3542.3
3548.4
3561.3
3584.2
3606.1

4195.7
4200.1
4201.9
4217.2
4246.7
4266.3

5087.3
5101.3
5092.6
5110.2
5151.2
5184.9

12031.2
12083.8
12145.8
12184.2
12251.4
12336.0

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

1142.3
1124.2
1131.4
1152.7
1132.5
1142 .3
1150.9
1143.9
1146.1
1147.3
1155.3
1173.5

3595.6
3573.3
3596.1
3622.6
3595.6
3600.4
3615.0
3606.7
3602.7
3606.1
3618.6
3638.6

4254.8
4221.8
4238.2
4264.2
4240.5
4250.2
4267.5
4266.3
4266.0
4279.8
4304.9
4329.2

5187.1
5155.5
5165.9
5193.8
5170.2
5177.1
5200.8
5203.4
5201.0
5229.8
5269.7
5330.3

12378.4
12407.7
12459.1
12499.1
12544.3
12604.5
12 63 6 . 6
12691.8
12753.8
12804.0
12884.8
12947.2

1995-JAN.
FEB.
MAR.
APR.
MAY
JUNE

1158,
1134.
1138,
1158,
1132,
1139,

3633.2
3608.5
3627.7
3658.6
3645.1
3687.7

4335.4
4322.7
4351.5
4388.9
4395.6
4444.0

5342.7
5353.3
5405.1
5460.5
5461.3 p

12984.9
13037.6
13102.1
13135.9
13174.6 p

p

Footnotes appear on the following page
p

preliminary




#

#

#

#

#

#

#

#

#

#

#
Page 2

H.6 (508)
Table 2

MONEY STOCK AND DEBT MEASURES

Percent change at seasonally adjusted annual rates
M2

M3

DEBT1

3 Months

f r o m MAR.

1995 TO JUNE 1995

-1.4

6.9

8.7

5.2

6 Months

f r o m DEC.

1994 TO JUNE 1995

-0.7

4.3

6.8

5.4

i
o
w

M1

2.4

4.6

5.1

-1.0

4.4

7.0

12 M o n t h s

f r o m JUNE 1994 t o JUNE 1995

T h i r t e e n w e e k s e n d i n g JULY
3 , 1995
f r o m t h i r t e e n weeks e n d i n g :
APR.
3 , 1995 (13 w e e k s p r e v i o u s )
JAN.

1995

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

-0.4

3.0

5.6

JULY

1.

2/
4,

1994

(52 w e e k s p r e v i o u s )

0.1

1.6

3.8

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, February 1995 to May 1995, November 1994 to May 1995,
and May 1994 to May 1995, 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, less cash 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, each 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
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-M1 component as a whole and then adding this result to seasonally adjusted M1.
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 of 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: 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 businesses, 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 releases Z.7 and Z.1. In those releases, published
levels of credit market debt are measured on a quarter-end basis and contain discontinuities.




Page 3

H.6 (508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
M1
Period ending

M2

M3

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

17
24

1148.2
1148.1
1148.1

1148.j
1148.7
1148.6

1150.2
1150.0
1149.6

3627.8
3628.2
3629.6

3637.2
3636.8
3638.5

3640.0
3635.2
3646.5

4343.8
4347.6
4351.8

4363.3
4367.4
4371.2

4367.0
4376.7
4386.5

MAY

1
8
15
22
29

1148.3
1147.8
1147.5
1147.3
1146.9

1149.8
1148.2
1146.5
1144.8
1142.7

1149.4
1143.6
1143.2
1142.8
1141.2

3631.8
3633 .4
3635.6
3638.7
3642.3

643.1
i 645.2
.649.4
."52.6
3656.8

3650.7
3648.5
3651.8
3659.2
3667.7

4356.5
4361.5
4366.8
4372.9
4378.5

4380.7
4387.7
4393.3
4399.1
4405.4

4392.5
4395.2
4399.1
4409.4
4417.7

JUNE

5
12
19
26p

1146.7
1146.4
1145.9
1145.5

1142.8
1143.0
1143.5
1144.3

1144.0
1143.8
1144.8
1144.7

3647.0
3651.9
3656.5
3661.1

3664,
3673 ,
3682 ,
3690,

3678.3
3687.9
3696.3
3699.8

4385.4
4393.0
4400.4
4407.0

4414.3
4426.3
4438.3
4448.0

4431.1
4447.1
4457.4
4456.4

JULY

3p

1145.4

1144.1

1143.0

3666.3

3696.0

3699.8

4415.2

4455.5

4461.1

1995-APR.

10

Not seasonally adjusted
1995-APR.

10
17
24

1141.8
1142.0
1142.5

1144.5
1153.6

1
8
15
22
29

JUNE

JULY

MAY

1160.1

1171.0
1174.2
1149.6

3624.9
3626.6
3628.7

3644.5
3654.7
3661.1

3680.7
3671.8
3645.5

4341.9
4346.2
4350.4

4366.6
4380.6
4388.5

4401.6
4410.9
4381.2

1143.7
1143.4
1143 .5
1143.2
1142.8

1158.0
1151.3
1142.4
1136.4
1131.3

1137.3
1144.2
1138.5
1125.5
1117.1

3631.9
3633.8
3636.4
3639.2
3642.8

3657.7
3648.7
3642.3
3641.3
3643.7

3632.6
3645.0
3646.2
3641.5
3642.0

4355.1
4360.1
4365.5
4371.5
4377.4

4391.1
4388.5
4384.4
4387.6
4394.7

4370.5
4391.3
4394.4
4394.3
4398.7

5
12
19
26p

1143.1
1143.4
1143.6
1143.2

1133.2
1135.7
1139.3
1139.6

1151.6
1148.6
1139.8
1118.5

3648
3653
3658,
3661,

3655.0
3669.0
3681.1
3687.1

3690.1
3702.4
3689.8
3666.1

4385.2
4393.6
4400.9
4406.2

4407.9
4425.6
4439.6
4444.3

4444.1
4465.1
4450.3
4417.5

3p

1143.2

1138.1

1145.3

3665.4

3688.7

3696.4

4412.8

4444.8

4446.2

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

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 checka ble deposits
At commercial
banks4

At thrift
institutions5
112.6
112.8

Total

In M26

In M3 only7

411.6
412.5

2449.1
2456.3

645.8
643.2

2462.6
2465.0
2458.3

645.4
643.0
651.3

1994-FEB.
MAR.

328.9
332 .0

8.0
8.0

388.6
388.6

299.0
299.7

APR.
MAY
JUNE

334.5
337.3
340.0

,8.1

8.1

299.1
300.5
301.0

112.9

8.2

388.1
385.6
386.3

111.5

412.0
412.4
412.5

JULY
AUG.
SEP.

342.8
345.1
347.2

8.3
8.3
8.4

388.0
386.6
386.5

301.7
301.0
300.0

111.4
109.7
108.9

413.1
410.8
408.9

2464.0
2463.4
2462.3

657.6
658.5
665.1

OCT.
NOV.
DEC.

350.0
353.0
354.5

8.3
8.4
8.4

384.4
382.3
382.0

298.0
297.7
297.6

107.5

2460.9
2462.8
2467.2

675.6

105.3

405.4
403.8
402.9

1995-JAN.
FEB.
MAR.

357.7
358.8
362.5

8.4
8.4

8.8

383.4
384.0
383.2

295.1
291.8
289.3

104.2
104.1
104.0

399.3
395.9
393.3

2477.9
2475.1
2481.8

699.0
711.8
725.9

APR.
MAY
JUNE

p

365.7
368.1
367.4

9.2
9.2
9.0

381.2
380.6
386.8

289.6
281.9
276.4

103.9
103.1
104.2

393.6
385.0
380.5

2492.6
2514.6
2548.4

734.9
748.5
758.2

Week ending
1995-MAY
8
15
22
29

367.1
368.3
368.6
368.5

9.2
9.2
9.2
9.2

378.3
379.8
380.7
382.3

285.0
284.0
281.9
278.0

103.9
102.0
102.4
103.2

388.9
386.0
384.3
381.3

2504.9
2508.6
2516.4
2526.5

746.8
747.3
750.2
750.0

112.0

106.1

680.2
688.0

JUNE

4.
5.
6.
7.
e

368.0
367.4
367.3
367 . 8

9.1
9.1
9.0
9.0

385.9
387.0
388.0
386.7

276.2
276.5
276.9
276.6

104.8
103.9
103.6
104.6

381.0
380.3
380.5
381.2

2534.2
2544.1
2551.5
2555.2

752.8
759.2
761.1
756.5

JULY

1.
2.
3.

5
12
19
26p
3p

366.6

9.0

386.7

275.9

104.9

380.7

2556.8

761.3

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 RRs 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.
Sum of large time deposits, term RRs and Eurodollars of U.S. residents, money market fund balances (institution-only), less the estimated amount of overnight RRs and
Eurodollars held by institution-only money market mutual funds. This sum is seasonally adjusted as a whole.
estimated




p

preliminary

Page 5

H.6 (508)
Table 4 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Savings deposits1
Date

Small-denomination time deposits2

General
purpose and
Institutionbroker/
only money
dealer
market funds
money
market funds

commercial
banks

At
. thrift
institutions

Total

At
commercial
banks

1994-FEB.
MAR.

At
. thrift
institutions

792 .7
7 9 1 .5

429 . 1
4 3 0 , .5

1 2 2 1 . ,9
1 2 2 2 . ,0

464.5
463.1

310.5
308.9

775.0
772.0

359 . 5
361 .9

APR.
MAY
JUNE

7 8 8 , ,9
7 8 4 , ,6
7 8 0 . ,0

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

1220. 0
1214. 8
1206. 8

462.3
464.6
467.4

307.9
306.2
305.5

770.1
770.8
772.9

JULY
AUG.
SEP.

778. 0
775. 7
772. 8

423. 2
417. 0
410. 9

1201. 2
1192. 6
1183. 7

469.9
476.0
481.2

306.1
306.2
307.8

OCT.
NOV.
DEC.

765. 4
759. 2
752. 3

405. 6
398. 5
391. 9

1171. 0
1157. 8
1144. 2

487 . 7
494.0
502.4

1995-JAN.
FEB.
MAR.

744.1
734.2
723.3

385.6
377.6
371.5

1129.8
1111.9
1094.9

APR.
MAY
JUNE

716.0
717.3
728.0

366.4
364.2
363 . 1

365
364
364
363

At

p

Large-denomination time deposits3
At .
commercial

At
thrift

Total

182.1
183.8

270.1
268.8

61.7
61.4

331.8
330.3

370 . 5
373 . 5
370 .7

183.1
177.5
177.9

268.0
272.0
274.0

61.8
60.4
61.0

329.8
332.4
335.0

776.0
782.2
789.0

3 7 6 ,, 1
3 7 7 , ,0
3 7 7 . ,4

178.7
177.4
176.3

276.3
279.8
284.6

61.9
61.7
62.7

338.2
341.5
347.3

311.3
315.8
317.3

799.0
809.8
819.8

379. 5
383. 3
389. 0

180.8
180.5
180.8

289.3
293.8
298.3

63.7
63.9
64.3

353.0
357.7
362.7

512.4
524.0
537 . 6

322.7
330.9
340.1

835.1
854.9
877.7

392.1
391.5
390.9

186.3
180.4
189.0

296.9
303.8
308.3

66,
67 ,
69.

363.0
371.4
377.8

1082.5
1081.5
1091.1

547.9
555.7
562 . 5

348.3
354.0
354.5

896.2
909.8
917.0

396.0
405.3
425.9

192.9
194.8
205.6

308.3
314.8
317.1

70.6
69.8
70.2

378.9
384.6
387.3

.1
.2
.2
.6

1080.6
1079.9
1080.9
1084.7

553
555
556
557

.4
.2
.6
.7

352.4
353.9
354.6
355.1

905.8
909.0
911.2
912.8

400
401
407
410

.1
.4
.3
.6

192.2
192.2
194.7
198.8

313.6
316.0
315.6
314.0

69.8
70.0
69.8
69.4

383.5
386.0
385.4
383.4

Total

WeeK
1995-MAY

JUNE

JULY

1.

2.

.5
.7
.7
.1

8
15
22
29

715
715
716
721

5
12
19
26p

7 2 5 , .7
7 2 9 , .0
7 2 9 . ,2
728. 3

363 . 1
362 .7
3 6 3 , .4
3 6 3 , .6

1088.8
1091.7
1092.6
1091.9

559 .2
561,. 1
563, .3
563, .9

355.1
355.0
354.2
354.4

914.4
916.1
917.5
918.2

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

199.7
205.6
206.5
206.6

318.0
318.1
318.1
316.5

69.7
69.6
70.0
70.5

387.6
387.7
388.1
387.0

3p

726. 4

3 6 2 . ,2

1088.6

5 6 4 . ,9

353.9

918.8

436. 4

209.7

313.6

71.5

385.0

Savings deposits include money market deposit accounts
"
~
—
Small-denomination time deposits-including retail R P s - a r e 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.
4.

^ ^ S n o m l n ^ n SmS d ^ S t a

p

preliminary




and foreign banks and

Page 6
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
Date
Savings bonds

Short-term Treasury
securities'

Bankers acceptances2

Commercial paper3

Federal debt

Non-Federal debt

1994-FEB.
MAR.

173.2
173.9

341.4
344.7

14.9
15.5

401.2
390.8

3355.1
3379.6

9079.5
9119.0

APR.
MAY
JUNE

174.8
175.7
176.7

355.3
1359.1
351.7

14.0

11.6
10.8

387.1
392.6
392.7

3390.6
3402.5
3416.3

9165.4
9209.6
9235.2

JULY
AUG.
SEP.

177.7
178.5
179.1

358.1
364.2
359.1

10.9
11.4
11.9

392.8
387.7
391.7

3419.3
3436.8
3454.1

9257.7
9303.3
9343.4

OCT.
NOV.
DEC.

179.5
179.9
180.3

358.5
362.2
372.6

11.8
11.0
10.2

404.2
404.0
426.5

3469.6
3494.1
3497.4

9374.9
9419.6
9458.1

1995-JAN.
FEB.
MAR.

180.5
180.4
180.5

375.0
391.6
405.2

9.8
9.9
10.4

428.7
445.7
454.1

3504.7
3535.8
3557.5

9505.3
9554.4
9592.4

180.9
181.6

406.8
404.3

10.3
9.6

475.2
481.2

3559.5
3577.0

9642.7
9684.3

APR.
MAY p

1.
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 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.

p

preliminary




Page 7
H.6 (508)
Table 5

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Nontransactions components

Other checkable deposits

Overnight

Overnight
Eurodollars9

648.5
642.1

73.7
77.0

21.2
23.0

2469.9
2463.1
2458.1

641.6
644.9
649.8

77.6
78.5
80.7

21.3
24.1
26.2

410.0
406.2
405.6

2464.1
2462.8
2456.6

652.5
659.6
663.3

80.5
82.0
83.7

29.1
28.9
28.1

107.4
107.1
107.0

401.4
403.1
407.6

2458.8
2463.4
2465.1

673.7
686.3
690.5

83.5
83.0
84.2

30.3
30.1
32.5

301.3
292.3
291.1

104.4
101.8
103.0

405.7
394.1
394.2

2474.8
2474.4
2489.7

702.1
714.2
723.8

87.0
86.1
86.8

36.4
31.6
30.7

381.9
372.8
382.6

296.6
279.8
275.0

105.7
102.6
104.2

402.3
382.4
379.2

2500.0
2513.1
2548.5

730.3
750.6
756.4

84.6
84.9
84.7

30.1
30.0
29.7

8.9
8.9
9.0
9.0

374.1
376.2
369.8
367.7

286.9
282.4
278.1
272.3

105.6
102.7
101.1
100.3

392.4
385.2
379.2
372.7

2500.9
2507.7
2516.0
2524.9

746.3
748.2
752.8
756.6

83.7
86.4
84.8
84.3

28.3
28.4
30.0
32.8

369.1
369.4
367.8
366.5

9.1
9.1
9.2
9.3

387.1
385.6
382.9
372.7

279.3
278.5
276.2
269.1

107.1
106.0
103.8
100.9

386.4
384.5
380.0
370.0

2538.4
2553.8
2549.9
2547.6

754.0
762.7
760.5
751.4

84.4
84.9
84.5
85.4

30.8
30.1
29.1
29.5

368.3

9.4

390.7

272.5

104.4

377.0

2551.1

749.8

83.6

29.3

Currency1

Travelers
checks2

Demand
deposits3

1994-FEB.
MAR.

327.3
330 .6

7.7
7.8

APR.
HAY
JUNE

334.3
337 .2
340.5

JULY
AUG.
SEP.

Date

At commercial
banks4

At thrift
institutions5

Total

379.5
379.6

299.6
301.6

110.3
112.0

409.8
413.5

2449.1
2464.7

7.8
7.9
8.3

389.2
377.7
382.3

306.4
298.1
299.5

115.0
111.6
111.7

421.4
409.7
411.2

344.7
345.7
347.0

8.8
8.9
8.8

387.3
383.1
384.7

298.4
297.2
297.4

111.6
109.0
108.3

OCT.
NOV.
DEC.

349.6
353 .2
357.6

8.5
8.2
8.1

387.8
390.7
400.1

294.1
296.0
300.6

1995-JAN.
FEB.
MAR.

355.9
357.1
361.4

8.1
8.1
8.4

388.7
374.9
374.0

APR.
MAY
JUNE

p

365.5
367.8
368.1

8.8
8.9
9.2

8
15
22
29

368.8
368.2
367.6
367.8

JUNE

5
12
19
26p

JULY

3p

Week endina
1995-MAY

1
2
3!
4
5.
6.
7.
8.

In M26

In M3 only7

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 smai time
deposits
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.
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

Digitized 9. FRASER l i g n branches of U.S. banks worldwide to U.S. residents other than depository institutions and money market mutual funds (general purpose and broker/dealer).
for S ^ t


•

•

•

•

•

•

•

•

•

•
Page 8

H.6 (508)
Table 5 - continued

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

1214 . 9
1222 .7

At
commercial
banks
464 .6
462, • 9

At
. thrift
institutions
310, .6
3 0 8 , .8

775 .2
7 7 1 ,. 6

General
purpose and
broker/
dealer
money 4
market funds
364 . 1
370 .3

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

'1223 .4
1215 .9
1210 .4

4 6 1 , .8
4 6 3 , ,7
4 6 7 , ,0

3 0 7 , ,5
305, 5
305. 2

7 6 9 , ,3
7 6 9 , ,2
7 7 2 ,, 1

780. 0
777 . 0
772 . 7

424. 3
417. 7
410. 8

1204, .3
1194, .6
1 1 8 3 , .6

470. 5
476. 5
481. 7

306. 5
306. 5
308 . 2

OCT.
NOV.
DEC.

765. 5
761. 4
751. 1

405. 7
399. 7
391. 2

1 1 7 1 ,, 1
1 1 6 1 , ,0
1 1 4 2 . ,3

488. 3
493. 7
502 . 0

1995-JAN.
FEB.
MAR.

739.5
729.8
723 . 4

383.2
375.3
371.6

1122.7
1105.1
1094.9

APR.
MAY
JUNE

p

717.9
717.9
730.1

367.4
364.5
364.1

Week ending
1995-MAY
8
15
22
29

715.7
717.5
717.1
720.6

5
12
19
26p
3p

Savings deposits 1
Date

At
commercial
banks
7 8 8 , .2
7 9 1 , >9

At
. thrift
institutions
426 .7
430, .8

APR.
MAY
JUNE

7 9 1 ,, 1
7 8 5 , ,3
7 8 2 , ,3

JULY
AUG.
SEP.

1994-FEB.
MAR.

JUNE

JULY

1.
2.

Small-denomination time deposits 2
Total

lal b a S r S d S s ' a ™

iliESiS

p

preliminary




Large-denomination time deposits 3
At .
commercial
banks*

At
thrift
institutions

Total

191 .0
185 .7

2 6 8 , .8
2 6 7 , .3

6 1 .4
61,. 1

330.2
328.4

378 .3
375 .4
368 .7

1 8 1 .8
176 . 8
172, ,5

2 6 6 , ,3
2 7 4 ,, 1
2 7 5 . ,3

61,. 4
6 0 , .9
6 1 , ,3

327.7
335.0
336.6

776. 9
783. 1
789. 9

3 7 3 ,. 4
3 7 4 ,, 2
3 7 1 , .3

1 7 3 , >8
1 7 6 ,. 2
1 7 2 ,. 6

275. 3
281. 1
285. 7

61. 7
61. 9
62. 9

337.0
343.1
348.7

311. 7
315. 7
317. 1

800. 0
809. 3
819. 1

3 7 3 , ,9
3 7 9 . ,9
3 8 7 ., 1

178. 1
182. 5
183. 1

289. 9
295. 2
298. 0

63. 8
64. 2
64. 3

353.7
359.5
362.3

512.9
524.1
537.4

323.0
331.0
340.0

835.9
855.1
877.3

392.8
396.3
399.8

192.4
188.8
190.8

295.5
302.3
306.2

65.8
67.2
69.1

361.3
369.5
375.3

1085.2
1082.4
1094.2

547.3
554.7
562 . 0

347.9
353 .3
354.3

895.2
908.0
916.3

404.8
407.8
423.6

191.3
193.8
199.2

306.1
317.3
318.6

70.1
70.3
70.5

376.3
387.6
389.1

365.2
365.1
364.4
363.4

1080.9
1082.6
1081.4
1084.0

552 . 5
554.1
555.4
556.6

351.8
353.2
353.9
354.4

904.2
907.3
909.3
911.0

403 .7
403.1
410.4
412.8

191.0
191.3
196.2
196.7

314.5
317.7
317.9
319.2

70.0
70.3
70.3
70.5

384.6
388.0
388.2
389.7

729.8
734.8
730.7
726.6

365.2
365.6
364.2
362.7

1095.0
1100.3
1094.9
1089.3

558.3
560.4
562.7
563 . 6

354.6
354.6
353.8
354.2

912.9
915.0
916.5
917.8

415.3
423.5
424.9
425.6

195.1
200.7
200.6
198.7

321.6
321.9
319.9
316.1

70.5
70.4
70.4
70.5

392.0
392.4
390.3
386.5

727 . 4

362.7

1090.1

565.4

354.3

919.7

428.4

200.1

311.0

70.9

381.9

Savings deposits include money market deposit accounts.

3.
4.

Total

Institutiononly m(Dney
market 1
unds

"
i S S M d

a m

° "

s

l9ss , h a

" "

"

W

A

» ™

K « = g h account balances a t ,: c o m m e r -

•

•

•

•

•

•

•

•

•

•

•
Page 9

H.6 (508)
Table 5 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Term RPs1

Debtcomponents6

Non-M3 Components of L

At commercial
banks

At thrift
institutions

Total

Term
Eurodollars2

1994-FEB.
MAR.

64.8
68.3

27.3
27.0

92.1
95.4

47. 9
46.2

173.7
174.6

342.5
348.2

15.5
15.2

402.0
389.7

3345.4
3374.4

9062.4
9084.7

APR.
MAY
JUNE

71.4
69.1
72.1

27.4
28.8
30.3

98.8
97.8
102.4

46. 5
47.7
50.3

175.4
176.2
176.9

353.1
357.2
348.6

13.7
11.4
10.6

387.3
385.0
390.9

3376.8
3379.7
3394.5

9122.3
9164.6
9210.1

JULY
AUG.
SEP.

71.0
68.4
68.4

32.0
32.8
33.4

103.0
101.2
101.9

51. 0
51.2
52. 1

177.4
177.9
178.4

355.7
366.1
352.0

10.8
11.1
11.7

389.5
382.0
393.0

3393.9
3418.5
3438.6

9242.7
9273.3
9315.2

OCT.
NOV.
DEC.

67.2
67.5
67.7

34.7
35.4
37.5

101.9
102.9
105.2

52. 7
54. 5
5 2 . ,4

179.0
179.7
180.2

350.6
366.1
381.6

11.9
11.1
10.4

408.6
408.0
428.9

3448.8
3485.4
3499.0

9355.2
9399.4
9448.2

1995-JAN.
FEB.
MAR.

70.2
73.1
72.3

39.0
39.7
40.2

109.1
112.7
112.5

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

180.6
180.8
181.2

379.7
393.1
409.5

10.3
10.3
10.2

436.8
446.3
452.7

3499.0
3525.0
3551.1

9485.9
9512.7
9551.0

APR.
MAY
JUNE

41.0
41.9
41.0

115.6
120.6
118.4

59..8
6 0 . .7
6 1 .7

181.7
182.1 p

404.7
402.7 p

10.1
9.4 p

475.2
471.4 p

3544.1
3552.6 p

9591.8
9621.9 p

p

74.5
78.6
77.4

8
15
22
29

79.2
78.3
78.7
78.9

42.4
42.2
41.9
41.5

121.6
120.5
120.7
120.4

60.7
60 .7
59 . 9
62 . 1

JUNE

5
12
19
26p

78.5
79.0
78.5
75.0

41.0
41.6
41.0
40.6

119.6
120.6
119.5
115.6

59
61
61
62

JULY

3p

75.4

40.5

115.8

63 . 8

Date

Week en4Wq
1995-MAY

1.
2.

,

Savings bonds

Short-term
Treasury
securities*

Bankers
acceptances4

Commercial
paper6

Federal debt

Non-Federal
debt

.2
.2
.8
.6

4.
5.
6.

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.

p

preliminary

3.