Full text of H.6 Money Stock Measures : July 18, 1985

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

•:'UM-

FEDERAL RESERVE statistical release

8':

H.6 (506)
Table 1

JOLI

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

1 8 , 1985

Billions of dollars
M1
Sum of currency,
travelers checks,
demand deposits anc1
other checkable deposits1

Date

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

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors5

1984—JONE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

547.3
546.9
548.9
551.5
548.3
553.8
558.5

2269.3
2280.2
2292.8
2308.4
2319.3
2346.3
2371.7

2833.8
2862.0
2878.8
2901.0
2925.1
2959.9
2995.0

3366.5
3402.7
3427.7
3457.0
3480.2
3508.8
3543.8

5571.0
5631.1
5690.3
5742. 1
5802.4
5878.0
5953.2

1985—JAN.
FEB.
HAR.
APR.
HAY
JUNE P

562.7
569.4
572.1
574.9
581.6
591. 1

2398.9
2421.0
2429.2
2427.4
2444.6
2472.8

3020.5
3041.0
3055. 3
3056. 1
3075.7
3103.3

3568.0
3598.1
3624.2
3626.5

6019.2
6074.7
6129.6
6191.4
6251.9

Not seasonally adjusted

1984—JONE
JULY
AOG.
SEPT.
OCT.
NOV.
DEC.

547.9
549.9
545.0
548.5
548.2
555.9
570.4

2272.3
2285.7
2287.7
2298.8
2316.6
2344.4
2376.7

2840.3
2863.6
2874.8
2890.9
2920.6
2960.4
3002.2

3367.8
3403.3
3421.4
3445.5
3475.9
3509.2
3545.1

5547.6
5609.6
5672. 1
5729.8
5791.9
5866. 1
5947.3

198. - J A N .
PEB.
FAR.
APR.
HAY
JONE P

568.3
558.6
564.9
581.6
576.2
592.2

2404.1
2414.5
2429.5
2439.3
2440.6
2476.5

3024.3
3034.3
3057.1
3068.0
3073.6
3106.1

3573.5
3596.8
3631.6
3639.6

6011.0
6052.8
6100.8
6160.9
6223. 1

M1
For period ended
13-week average
1985-JONE

3

10
17
24
JULY

NOTE:

1P
8 P

Seasonally adjusted
4-week average

week average

13-week average

Not seasonally adjusted
4-week average

week average

576.7
578.3
579.7
581.2

582.8
586.1
587.9
589.6

586.0
590.9
589.5
592.1

574.8
577.2
579.6
581.6

577.2
582.6
587.0
590.9

584.5
598.9
595.5
584.6

582.8
584.5

592.1
593.5

596.0
596.2

583.6
585.4

593.0
595.7

592.6
609.9

SPECIAL CAOTION SHOULD BE TAKEN IN INTERPRETING HEEK-TO-SEEK CHANGES IN HONEY S0PPLI DATA, HHICfi ABE
HIGHLY fOLATILE AND SUBJECT TO REVISION.
P—INDICATES PRELIMINARY DATA.
POOTNOTES APPEAR ON THE FOLLOWING PAGE




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 FROM MAR.

1985 TO JUNE 1 9 8 5

13.3

7.2

6.3

6 MONTHS FBOH DEC.

1 9 8 4 TO JOMB 1 9 8 5

11.7

8.5

7.2

12.7

12 MONTHS FROfl JOMB

1 9 8 4 TO JUNE 1 9 8 5

8.0

9.0

9.3

13.3

11.7

THIRTEEN HEEKS EMDIHG JOLT 8 , 1985
FBO8 TOIBTBEi HEEKS ENDING;

1/

1/

2/

3/

4/
5/

APR.

8,

1985

( 1 3 VEERS PREVIOUS)

10.9

JAM.

14,

1985

( 2 6 HEEKS PBBVIOUS)

10.7

JOLT

9,

1984

( 5 2 HEEKS PREVIOUS)

7.4

GBOHTH RATES FOR DEBT ARB BASED OM PERIODS BEGINNING AND EMDIMG UNI nUNTH EARLIER. THAN FOR THE MONETARY AGGREGATES,
MAflELT, FEBROART 1985 TO HAT 1985, NOVEMBER 1984 TO MAT 1985, AND MAT 1984 TO MAI 1985, RISPlCTIfBLT.
FOOTNOTES TO TABLE 1
CONSISTS OP (1) C0RREMCT OUTSIDE THE TREASURT, FEDERAL RESERVE BANKS, AND THE VAOLTS OF COMMERCIAL BANKS'
(2) TRAVELERS CHECKS OF MONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER 1HAN THOSE DOE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL INSTITOTIONS LESS CASH ITEMS IN THE PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDBR
OF HITHDRAHAL (NOH) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORI INSTITUTIONSCREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITOTIONS. THE CORRENCT AND DEMAND
DEPOSIT COMPONENTS EXCLODE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY HELD BI
THRIFT INSTITOTIONS TO SERVICE THEIR OCD LIABILITIES,
CONSISTS OF Ml PLUS OVERNIGHT (AND CONTINUING CONTRACT) BPS ISSUED BT ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO O.S. RESIDENTS BT FOREIGN BRANCHES OF O.S. BANKS HORLDHIDE, HHDAS, SAVINGS AND SHALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL BPS—IN AMOUNTS OF LESS THAN $100,000), AND BALANCES IN BOTH
TAXABLE AND TAX-EXEAPT GENERAL PURPOSE AND BROKER/DEALER MONET MARKET MUTUAL FUNDS. EXCLUDES IRA AND KEOGH
BALANCES AT DEPOSITORT INSTITOTIONS AND MONET MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BT U.S. COMMERCIAL
BANKS, MONET MARKET FONDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMODNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BT THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF H2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OR MORE) AND TERM RP LIABILITIES ISSUED
BT COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BT U.S. RESIDENTS AT FOREIGN BRANCHES OF U.S. E1NKS
HORLDHIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT
INSTITDTION-ONLT MONET MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BT DEPOSITORT INSTITUTIONS, THE U.S. GOVERNMENT, MONET
MARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOONT OF OVERNIGHT RPS AND EURODOLLARS HELD BT INSTITUTION-ONLT MONET MARKET MUTUAL FUNDS.
CONSISTS OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURT SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF MONET MARKET MUTUAL FUND HOLDINGS CF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET 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, BANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ARE DERIVED FROM THE FEDERAL RESERVE BOARD'S FLOW CF FUNDS ACCOUNTS. ALL DATA CN DEBT OF DOMESTIC
NONFINANCIAL SECTORS ARE PRESENTED IN MONTH-AVER AGE FORM, DERIVED BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO BEHOVE STATISTICAL DISCONTINUITIES THAT HAT ARISE IN THE UNIEBLYING FLOW OF FUNDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FROM THE QUARTERLY FLOW 0* FUNDS STATISTICS CONTAINED IN
IN THE FEDERAL RESERVE RELEASES Z.7 AND Z.I. IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE MEASURED ON A
A QUARTER-END BASIS AND INCLUDE DISCONTINUITIES.




H.t<

COMPONENTS OF THE MONEY STOCK
atonal* atfjuatarf

(Wwr
Date

Gunaney'

Twitm
ohaoka*

Damantf
dtaoths*

'

to MS

ohacfcaMa
dtaoalta 4

1

Bartngtdapoalta'
tf

1

at

at

thrift

total

SUMiMttfiwctopoi
at
thrift

at

total

• mmjapotin"
at
thrift

Mai

154.3

5.1

248.9

139.0

1722.0

569.4

banks
128.7

172.1

300.8

371.0

463.0

834.0

249.4

130. 1

379.5

JOLT
AUG.
SEPT.

155.0
155.9
156.8

5.2
5.2
5.1

247.3
246.8
247.5

139.4
141.0
142.2

1733.3
1744.0
1756.9

581.8
586.0
592.6

128.1
171.0
127.0 - 169.5
126.1
168.5

299.1
296.5
294.6

374.7
378.8
381.7

468.9
476.2
482.8

843.6
855.0
864.5

254.6
255.0
258.0

134.6
137.6
138.0

389.3
392.6
J96.0

OCT.
NOT.
DEC.

157.1
157.9
158.7

5.0
5.1
5.2

244.5
246.8
248.6

141.8
143.9
146.0

1771.0
1792.5
1813.2

605.8
613.7
623.3

124.9
123.8
122.6

167.7
166.9
166.0

292.6
290.7
288.6

383. 1
384.5
387.0

489.6
494.0
498.6

872.7
878.5
885.6

263.2
263.6
264.4

141.9
147.1
151.8

405.2
410.7
416.2

1985-JAR.
FEB.
BAB.

159.4
160.5
161.3

5.3
5.3
5.4

249.1
251.7
251.9

149.0
151.8
153.6

1836.2
1851.6
1857.1

621.7
620.0
626. 1

1 121.6
i 121.4
120.3

166.9
168.0
168.4

288.6
289.4
288.6

384.7
382.0
382.8

497.2
495.6
495.8

881.9
877.6
878.6

262.3
264.4
269.5

154.6
154.9
154.2

416.9
419.3
423.6

161.7
163.0
164.5

5.5
5.5
5.7

252.5
255.7
260.7

155.3
157.2
160.3

1852.5
1863.0
1881.7

628.7
631.1
630.6

119.6
120.4
121.9

168.3
169.0
170.2

287.9
289.4
292.1

387.6
389.9
390.7

497.8
502.2
504.3

885.4
892.2
895.0

272.9
272.0
267.6

154.3
156.0
156.3

427.3
428.0
423.9

163.5
164.3
164.5
164.8

258.4
261.1
259.7
261.1

158.5
159.8
159.7
160.5

121.0
121.7
121.9
121.9

390.4
390.1
390.6
391.2

269.3
267.7
268.8
267.6

165.0
165.2

263.3
262.1

161.9
163.2

122.2
123.1

391.2
388.8

265.3
265.5

1984-JORE

APE.
RAT
JURE P
MEEK ENDING
1985
JUKB

3
10
17
24

JOLT

1/
2/
3/

4/

5/
«/
7/
8/
9/
10/

1 P
8 P

CORRBBCY OOTSIDI Til U.S. TRBASOIT, F1DB1AL BBSBRfR BilKS AID fAOLTS OF COBBBBCIAL BAIKS. BICLODRS TIB BSTIHATBD
A100IT OP fAOLT CASH BBLD BT TBIIPT IISTITUTIOIS TO SEBTICB THBII OCO LIABILITIES.
OOTSTAIOIIG AflODIT OP O.S. DOLLAR-DBRORIRATBD TBAf ELERS CHICKS OP IOIBAIE ISSOBIS. TIAfBLBBS C U C R S ISSUED BT DBPOSITOIT
IISTITOTIOIS ABE IVCLODED IV DBHAID DEPOSITS.
DBHAID DEPOSITS AT COHHEICIAL BAIKS AID POIBIGI IBLATBD IISTITOTIOIS OTBBI THAI TIOSB DOB TO DOBBSTIC BAIKS, TBI O.S. GOfBRRBBIT AID POBBIGI BAIKS AID OFFICIAL IISTITOTIOIS LBSS CASH ITBUS II TIB PiOCBSS OP COLLBCTIOI AID FBDBBAL BBSBBfB FLOAT.
BICLODBS TBB BSTIHATBD ABOOIT OF DBBAID DEPOSITS HELD AT COBBERCIAL BABKS BI TBBIFT IISTITOTIOIS TO SBIflCB THBIB OCD
LIABILITIES.
COISISTS OP 101 AID ATS BALABCBS AT ALL DBPOSITOIT IISTITOTIOIS, CBBDIT OIIOI SBABB DBAPT BALABCBS AID
DBBAID DEPOSITS AT THIIFT HSTITDTIOIS. OTBEB CBBCKABLB DEPOSITS SBASOIALLf ADJOSTBD EQUALS THE DIFPBBBICB BBTBBIB TBB
SBASOIALLT ADJOSTBD SOB OP DBBABD DEPOSITS PLOS OCD AID SBASOIALLT ADJOSTBD DBHAID DEPOSITS. IBCLODBD ABB ALL CBILIBG
FBEB -S0PEB IOIS," AOTBOBIZBD BT THE DIPOSITOBf IISTITOTIOIS DBIBGOLATIOI COBHITTBB TO BB OPPBBBO BBCIIIIIG JAIOAIf 5,
1983.
SOB OP OfBBIIGBT IPS AID OfBBIIGflT BOBODOLLARS, HOIBT HARKET FORD BALABCBS (GENERAL POBPOSI AID BBOKBB/DBALBB) ,
HHDAS, AID SAflNGS AID SBALL TIBB DEPOSITS, LBSS TBB COISOLIDATIOI ADJOSTBBIT THAT IBPBBSBBTS THE BS1IBATBD AB0DBT OF
DEBABD DEPOSITS AID fAOLT CASB HELD BT THRIFT IISTITOTIOIS TO SBBflCB TBBIB TIHB AID SAfllCS DEPOSITS LIABILITIES.
SOB OP LABGB TIBB DEPOSITS, TBBR BPS AID TERR BOBODOLLARS OP O.S. RBSIDRRTS, HOBBT HARKBT FOBD BALAICBS (IRSTITOTIOROILT), LBSS A COISOLIDATIOI ADJOSTBBIT THAT REPRBSBITS THE ESTIBATBD AHOOIT OF OfBBIIGBT IPS AID BOBODOLLARS HELD BT
INSTITUTION-ONLT RORBT HARKET FORDS.
SAFIIGS DEPOSITS EICLUDE RBDAS.
SHALL DEROHIIATION TIHE DEPOSITS— IRCLODIVG RETAIL B P S — ABB THOSB ISSOBD II AHOOITS OP LESS THAR 1100,000, ALL
INDIVIDUAL RBTIREHBRT ACCOUHTS (IRA) ARO KEOGH ACCOURTS AT COHHBRCIAL BARKS ARD THRIFTS ARR SOBTRACTBD FROB SBALL
TIHE DEPOSITS.
LARGB DEHOHIRATIOR TIHE DEPOSITS ABB THOSB ISSUBD IR AHOUNTS OF $100,000 OB HORB, BKCLODIBG THOSB BOOKBD AT
IRTEBNATIOHAL BARRIRG FACILITIES.
LARGE DENOHIRATION TIHE DEPOSITS AT CORRERCIAL BARKS LESS THOSB HELD BT HORBT HARKBT ROTUAL FORDS,
DP.POSITOBT INSTITUTIONS AND FOREIGN BANKS ARD OFFICIAL INSTITUTIONS.




H 6 (508)
Table 4

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

Oat*

3/
4/

commercial paper*

Debt components4
federal debt
non-federal debt

241.5
251.6

46.5
47.7

152.0
155.5

1251.9
1261.3

4263.8
4309.6

JULY
AUG.
SEPT.

73.1
73.3
73.6

259.9
267.2
278.4

48.2
47.8
46.8

159.4
160.5
157.2

1277.9
1299.0
1311. 1

4353.2
4391.3
4431.0

OCT.
MOV.
DEC.

73.7
73.9
74.1

279.8
274.9
271.6

44.8
42.5
41.3

156.7
157.6
161.8

1325.2
1347.2
1367.0

4477.3
4530.8
4586.2

1985-JAM.
FEB.
HAH.

74.4
74.9
75.3

272.7
275.0
279.5

40.8
42.5
44.3

159.6
164.8
169.8

1385.3
1401.0
1413.5

4633.9
4673.6
4716.2

75.8

281.7

44.0

168.9

1429.0
1446.6

4762.4
4805.3

APB.
HAY P

2/

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

72.7
73.0

1984-HAY
JUNE

1/

savings bonds

_
._.
..
CONSISTS OF U . S . TBBASUBY BILLS AND COUPONS ¥ITH HEHAINING MATURITIES OF LESS THAN 12 HOHTflS HELD BY OTHER THAN OEPOSITOBY
INSTITUTIONS, FEDERAL RESERVE BANKS, HONEY MARKET MUTUAL FUNDS AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGH OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND HONEY HABKET MUTUAL FUNDS.
TOTAL COHHERCIAL PAPER LESS COHHERCIAL PAPER HELD BY HONEY MARKET HUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-HONTH LEVELS OF ADJACENT HONTHS, AND HAVE BEEN

ADJUSTED TO BEHOVE DISCONTINUITIES.




H 6 (508)
Table 5-contlnued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Money market deposit accounts
"ail"~
thrift
commercial
institutions
banks

at

Date

at
commercial
banks

Savings__
deposits1
....
thrift
institutions

total

Small denomination time deposits'
at
at
thrift
commercial
institutions
banks

_Large_denomination time deposits*"
7
I
"
T"~
at
thrift
I
commercial
Jnstltutlons I
banks4

!

2*15.9

151.9

397.8

130.0

174.4

304.4

367. 1

457.2

824.4

248.5

129.7

378.2

JOLT
AUG.
SEPT.

244.9
24 3.6
244.8

149.3
145.3
143.8

394.2
388.9
388.6

129.3
126.8
125.2

173.3
168.9
167.4

302.6
295.7
292.6

372.7
379.9
384.0

466.6
475.9
483.4

839.3
855.8
867.4

253.5
256.4
259.3

134.6
138.7
138.6

388.0
39 5. 1
397.9

OCT.
HOT.
DEC.

248.2
257.1
267. I

143.9
145.4
147.9

392.0
402.4
415.1

124.3
122.7
121.4

167.4
166. 1
164.9

291.7
288.8
286.3

386.2
387.1
387.6

493.2
497.4
499.4

879.4
884.5
887.0

264.0
263.6
265.9

143.1
147.6
151.1

407. 1
411.2
416.9

1985-JAi.
FEB.
HAH.

280.4
289.3
294.0

153.2
159.0
163.9

433.7
448.3
457.9

121.1
120.4
120.6

165.7
166.5
168.2

286.9
286.9
288.8

386.9
384.1
383.7

502.0
499.5
496.2

888.4
883.6
880.0

263.0
263.9
269.8

154.1
154.9
153.3

417. 1
418.8
423. 1

295.9
298.2
307.2

164.4
165.5
167.6

460.3
463.7
474.8

120.9
121.7
123.2

169.3
170.2
172.7

290.2
291.9
295.8

383.9
385.2
386.4

495.7
495.7
497.6

879.5
880.9
884.0

270.4
269.9
267. 1

153.4
156.0
155.8

423.8
425.9
422.9

1984-JOME

APR.
HAT
JOHE P
WEEK EIDIWG

JOLT

303.0
306.1
307.7
307.9

122.4
123.3
123.2
123.0

385.8
386.1
386.4
386.6

269.0
268.4
267.8
266.2

309.2
311.0

123.5
124.6

386.7
386.9

265. 1
264. 1

I

1/
2/

3/
4/

SAVINGS DEPOSITS EXCLUDE HHDAS.
SHALL DEMOHINATIOJI TIHE DEPOSITS — INCLUDING BETAIL RPS — ABE THOSE ISSUED IN AHO0NTS OP LESS THAN $100,000. ALL
INDIVIDUAL RETIHEHENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COHHERCIAL BANKS AND THRIPTS ARE SUBTRACTED FBOH SHALL
TIHE DEPOSITS.
LARGE DENOMINATION TIHE DEPOSITS ABE THOSE ISSUED IN AHOUNTS OF $100,000 OB HORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOHINATION TIHE DEPOSITS AT COHHERCIAL PANKS LESS THOSE HELD BY HONEY HARKET HUTUAL FUNDS, DEPOSITOR!
INSTITUTIONS AND FOREIGN HANKS AND OFFICIAL INSTITUTIONS.




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

1984-JUNE

Currency1

Travelers
checks2

Demand
deposits3

at commercial
banks4

at thrift
institutions9

in M2*

7

in M3 only

Overnight
RPsa

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market

154.9

5.4

247.8

101.7

38. 1

139.8

1724.3

568.0

43.3

12.6

148.9

JOLT
AUG.
SEPT,

156.3
156.5
156.5

5.8
5.7
5.4

248.4
243.8
246.1

101.0
100.7
101.7

38.4
38.2
38.8

139.4
138.9
140.5

1735.8
1742.7
1750.3

578.0
587.1
592.1

42.7
45.0
44. 1

13.6
13.5
12.6

150.5
150.6
152.1

OCT.
NO?.
DEC.

156.7
158.7
160.9

5.0
4.8
4.9

245.8
248.9
257.4

101.5
103.1
105.9

39.3
40.4
41.3

140.8
143.4
147.2

1768.4
1788.5
1806.2

604.0
616.0
625.5

44.7
47.9
45.2

12.1
10.1
12.3

155.6
162.0
167.5

1985-JAN.
FEB.
NAB.

158.3
158.6
159.8

4.9
5.0
5.1

254.9
244.9
246.3

108.3
107.8
109.9

41.8
42.3
43.8

150.1
150.1
153.6

1835.9
1855.9
1864.6

620.1
619.8
627.6

48.7
56.3
55.7

14.1
13.3
12.1

171.9
175. 1
177.6

APR.
HAT

161.2
163. 1
165.2

5.2
5.4
6.0

255.1
251.4
259.7

114.1
110.5
113.8

46.0
45.7
47.4

160. 1
156.2
161.3

1857.7
1864.4
1884.3

628.7
631.0
629.5

47.4
51.3
50.3

11.6
12.4
12.4

176.3
172.1
175. 1

163.4
166.1
165.3
161.6

257.1
262.8
261.6
254.9

112.0
115.7
114.9
112.3

46.5

48.5
47.7
46.6

158.5
164.2
162.6
158.9

57.9
48.9
50.3
49.9

12.4
12.3
11.7
12.7

172.5
173.8
175.2
176.8

165.0
168.6

261.8
268.3

112.6
117.0

47.1
49.7

159.7
166.6

48.4
44.9

13.1
9.6

175.8
174.4

JONE IP

SEEK EIDIN6:
1985-JONE

JOLT

3
10
17
2*
1 P
8 P

1/

C0BRENCT OUTSIDE THE U.S. TREASURY, FEDERAL RESEBTE BANKS AND THE TA0LTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
2/ OUTSTANDING AHOONT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BT DEPOSITORY
INSTITUTIONS ARE INCLUDBD IN DEHAND DEPOSITS.
3/ DEHAND DEPOSITS AT COHHERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNHENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITBHS IN THE PROCESS OF COLLECTION AND F.R. FLOAT, LESS THE ESTIMATED AHOUNT OF DIHAND
DEPOSITS HELD AT COHHERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
4/ CONSISTS OF NOW AND ATS BALANCES AT COHHERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER NOBS OF $39.7 BILLION IN THE 1EEK ENDED JUNE 24, $40.0 BILLION IN THE REEK ENDED JULY 1,
AND $40.9 BILLION IN THE REEK ENDED JULY 8.
5/ CONSISTS OF NOV AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND RUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOHS OF $16.4 BILLION IN THE KEEK ENDED JUNE 24, $16.6
BILLION IN THE WEEK ENDED JULY 1, AND $17.3 BILLION IN THE WEEK ENDED JULY 8.
6/ SUN OF OVERNIGHT RPS AND EURODOLLARS, HONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), HHDAS AND SAVINGS
AND SMALL TIME DEPOSITS LESS THE ESTIMATED AHOUNT OF DEHAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
7/ SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET FOND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT PEPFESENTS THE ESTIMATED AHOUNT OF OVERNIGHT RPS AND EORODOLLARS HELD BY INSTITUTION-ONLY
MONEY MARKET HOTUAL FUNDS.
8/
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT PPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
9/




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 F1UTUAL FUNDS (GENERAL PUPPOSE AND BROK FR/DFIALER) .

H.6(S08)
Table 5-continued

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

Institution
only money
markat funds

at commercial
banks

at thrift
inatitutions

total

Tarm
Eurodollars*

Savings
bonds

Non M3 Componanta of L
Short-term
Bankers
treasury
acceptances4
securities'

Components of Oetot
Commercial
paper*

Federal debt*

Non-Federal
debt

45.7

29.2

30.0

59.2

89.3

72.8

249.1

47.2

158.3

1255.8

4291.8

JOLT
AOG.
SEPT.

46.1
46.2
46.9

28.1
30.7
31.3

31.8
33.4
35.4

60.0
64.1
66.6

88.3
86.5
85.6

73.0
73.3
73.5

258.0
265.9
275.5

47.5
47.7
47.2

161.2
159.8
158.4

1270.8
1295.8
1310.5

4338.8
4376.3
4419.3

OCT.
NOT.
DEC.

52.2
58.3
62.7

33.1
35.4
32.5

36.1
35.3
37.3

69.3
70.7
69.7

80.6
81.9
83.2

73.8
74.0
74.4

278.1
272.1
269.0

45.1
43.3
42.8

158.3
159.4
156*9

1323.0
1343.0
1364.7

4469.0
4523.1
4582.5

1985-JAN.
FEB.
MAR.

65.0
62.2
59.5

29.9
31.2
32.7

35.1
34.5
36.2

65.0
65.7
68.9

81.2
81.3
84.5

74.6
74.9
75.3

275.2
280.7
288.3

42.0
42.7
43.2

157.3
164.2
167.7

1383. 1
1397.4
1412.0

4627.9
4655.4
4688.8

59.6
63.5
67.1

35.2
33.4
33.1

36.8
35.4
34.3

71.9
68.7
67.3

80.5
81.1
78.7

75.6

284.1

42.6

169.3

1427. 1
1443.8

4733.8
4779.4

65.8
65.5
67.0
69.2

33.6
33.3
32.7
33.4

67.3
64.7

32.6
33.1

1984-JOPE

APR,
HAT
JUNE P
WEEK ENDING:
1985-JDNE

JOLT

/

2/
3/
4/
5/
6/

3
10
17
24
1P
8 P

TERB BPS ABE THOSE 0ITH OBIGIIIAL HATURI1riES GREAT BR THAU ON B DAT. EXC
LOt)ING CON r i f U I H G COITBACTS AN]:> BETAIL B t»5.

INCLO

t)E5

A RELAT17 ELI SHALL AMOUNT OP OVERNIGHT BPS AT THRIFT INSTITUTIONS.
TERM EURODOLLARS ABE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAT. CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS BT
FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE AND BT ALL BANKING OFFICES IN TBE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BT DEPOSITOR! INSTITUTIONS AND HONEY MARKET MUTUAL FUNDS.
CONSISTS OF U.S. TREASURT BILLS AND COUPONS BITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BT CTHER THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, HONF.T 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 STSTEM AND MONET MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BT MONET MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLT AVERAGE BASIS, DERIVED BT AVERAGING END-OF-I1ONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6(506)
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

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

IRA and Keogh Accounts
time
and savings
deposits at
commercial
banks

commercial
banks

thrift
Institution!

money
market
mutual funds

total

8.6

2.0

8.4

3.9

3.8

8.5

16.2

0.9

40.0

53.9

6.2

100.0

JULY
AUG.
SEPT.

8.7
8.4
8.4

2.0
1.9
2.0

8.4
9.0
9.4

2.8
2.9
3.4

4.0
3.6
6.0

9.0
7.5
14. 1

15.8
13,9
23.6

0.9
0.9
1.0

40.6
41.3
41.9

54.7
55.1
55.9

6.2
6.2
6.2

101.5
102.7
104.0

OCT.
NOT.
DEC.

8.5
8.8
8.6

1.8
2.1
2.0

9.2
9.4
9.6

2.7
2.8
3.4

4.0
3.2
3.4

8.4
7.5
9.1

15. 1
13.6
16.0

1.0
• 1
.0

42.6
43.2
43.8

56.9
57.7
59.0

6.2
6.5
6.9

105.7
107.3
109.7

1985-JAI.
FEB.
HAH.

8.5
8.3
7.5

1.9
2.1
1.8

9.2
8.9
8.7

3.7
3.1
3.6

4.0
4.3
3.8

14.9
12.7
9.2

22.5
20.1
16.6

1.1
.1
I.O

45.3
47.0
48.8

61.4
63.1
65.4

7.4
7.7
7.9

114.0
117.9
122.1

7.6
7.8
7.8

1.9
2.1
1.9

8.5
8.4
8.3

3.9
3.1
3.5

6.6
6.7
2.8

11.5
17.8
11.4

22.0
27.6
17.7

.0
•0
1.0

53.5
55.1
55.9

69. 2«
70. 5«
71.4e

8.5e
8.7e
8.8e

131.2e
134.3e
136.Oe

7.6
8.2
7.4
7.6

1.9
1.8
2.2
1.9

8.3
8.4
8.3
8.3

2.8
3.0
4.7
3.5

2.7
2.3
2.0
3.7

9.8
5.4
4.7
17.3

15.2
10.8
11.3
24.5

11.0

7.9
7.5

1.8
1.9

8.3
8.2

2.9
4.1

3.5
5.3

20.3
21.2

26.6
30.7

.0
1.0

1984-JORE

APB.
HAT
JUIE P
REEK BMDIIG:
1985
JOIE

JOLT

3
10
17
24
1P
8 P

estimated




1.0
1.0
1.0

Monthly Survey of Selected Deposits and Other Accounts
At All Insured Commercial Banks and All Mutual Savings Banks1
May 29, 1985 and June 26, 1985
(not seesonally adjusted)
Liability Categories
"Super WOV" accounts**
(standard error of the estimate)
Money market deposit accounts3*
Interest-bearing tine depoelta with
balances of lest than $100,000
with original aaturltlee of: 4
7 to 31 days
(standard error of the estlnate)

Insured Commercial Banks
Average Rate Paid (X)
Amount Outstanding (Sell)
May 29
!
June 26
May 29
June 26
37.994
(494)
302,986

38,641
(487)
309.142

Number of Issuing Banks
May 29
June 26

6.44

6.15

11.796

11,756

7.24

6.85

13,019

12,993

5.426
(404)

5.526
(412)

7.20

6.92

8,236

8.330

32 to 91 days
(standard error of the estlnate)

18,649
(740)

18,550
(750)

7.39

7.02

12,874

12,956

92 to 182 days
(standard error of the estlnate)

138,018
(2,30%)

156,628
(2.262)

7.99

7.53

13,678

13,653

183 days to 1 year
(standard error of the eseinate)

63,367
(1.140)

65,841
(1.076)

8.30

7.81

12.913

12,903

over 1 year to 2-1/2 years
(standard error of the estlnate)

78,331
(1.603)

78,604
(1.575)

8.96

8.40

13,233

13,252

2-1/2 years and over
(standard error of che estlnate)

107,830
(1.683)

109,643
(1.772)

9.51

8.98

12,914

12.862

All tlA/Kaogh nan deposit* 5
(standard error of che estlnate)

55,489
(403)

36,182
(*30)

(M.A.)

(M.A.)

13,054

13,119

t e t a l l repurchase agreements0
(standard error of the estlnate)

1,361
(233)

1,453
(329)

6.98

6.38

2,789

2,803

Liability Categories

State-Ct lartered Mutual Savings Band19
Amount Outstanding ($mll)
Averap t a t s Paid (Z)
Number of Issuing Banks
June 26
June 26
May 29
Maj T9
June 26
May IT

'Super MOV accounts2*
(standard error of the estlnate)

1,067
(2)

1,086
(3)

6.79

6.33

209

210

Money market deposit accounts3*
(standard error of the estimate)

28,829
(81)

29,036
(83)

7.59

7.16

346

343

218
(30)

215
(30)

6.94

6.58

119

117

32 to 91 days
(standard error of the estlnate)

1,071
(69)

1,025
(65)

7.67

7.17

268

266

92 to 182 days
(standard error of the estlnate)

23,772
(23)

23,194
(91)

8.39

7.79

351

351

183 days to 1 year
(standard error of the estlnate)

11,696
(211)

12,015
(234)

8.98

8.37

329

329

over 1 year to 2-1/2 veers
(standard srror of the estimate)

10,897
(392)

11,347
(416)

9.49

8.86

336

336

2-1/2 years and over
(standard error of the estlnate)

18,796
(166)

18,767
(167)

10.01

9.40

348

348

All HA and Keogh Plan deposits 3
(standard error of the estimate)

9,709
(218)

9,699
(220)

(N.A.)

(M.A.)

349

348

Retail repurchase egreeaents*
(standard srror of the estimate)

89
(67)

37
(64)

7.33

6.87

45

46

Interest-bearing tins deposits with
balances of less than $100,000
with original maturities of: 4
7 to 31 days
(standard error of the estlnate)

if.A. - Data ooc available.
1. Estimates are based on data collected by the Federal Reserve from a stratified random sample of about 550 banks
and 73 mutual savings banks.
2. "Super MOW" accounts are NOW accounts containing an agreement between depositor and depository such that,
provided csrtain conditions—Including a $1,000 minimum balance—are met, tome or a l l funds- deposited are eligible
to earn morn than 5.25 percent.
3. Money market deposit accounts (MMDAs)—Deposits with s $1,000 i n i t i a l and average balance requirement, no
required minimum maturity but institutions must reserve the right to require at least seven day's notice prior to
withdrawal, no restrictions on depositor e l i g i b i l i t y , or limitations on the amount of Interest that may be paid
unless the average balance falls below $1,000 during which period the MOV account rate celling applies; such
accounts may allow up to six transfers per month, no more than three of which nay be draft and nay permit unlimited
withdrawals by mall, messenger, or in person, estimates for this category of depoelta are based on data collected
by the Federal Reserve from weekly deposit reports submitted by about 10,500 commercial banks.
4. All lntsrsst-bnarlng time certificates and open account time deposits with balances of lass than $100,000,
including those hsld in IBAs and Keoqh Flan deposits.
5. All OLA/Keogh Plan time deposits regardlsss of s l s e , type of instrument la which held, or interest rats paid.
6. Retail repurchase Agreements are in denominations of l s s s than $100,000 with maturities of less than 90 days
that arise from the transfer of direct obligations of, or obligations fully-guaranteed as to principal and Interest
by, the U.S. Government or aa agency thereof.
* la January, 1985 the minimum balance required in Super MOV and MHDA accounts was lowered from $2,500 to $1,000.