Full text of H.6 Money Stock Measures : July 26, 1984

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

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

JOLT

26,

19841

Billions of dollars
M1

Oats

1983—JUNE
JOLI
AOG
SBPT,

Sum of currency,
travelers checks,
demand deposits and
other checkable deposits1

M3
M2
M2 plus
M1 plus overnight RPs
and Eurodollars,
large time deposits,
MMMF balances (gen. pur. term RPs, term Eurodollars
and Institution-only
and broker/dealer), MMDAs,
MMMF balances3
and savings and small
2
time deposits
Seasonally adjusted

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors*

2117.0
2126.6
2135.3
2147,9
2167.2
2182.1
2196,2

2593.0
2604.0
2617.2
2636.4
2656.1
2686.9
2707.8

3033.1

OCT,
NOV.
DEC,

510.9
514.9
517-4
518.9
521,6
523.0
525.3

3059.7
3075.1
3097.6
3113.8
3144.8
3178.0

4931.3
49 83.9
5025.0
5066.3
5109.4
5153.0
5204.3

198*1—JAM,
FJ3B,
BAR,
APE,
HAT
JUNE

530.0
532,9
535.1
535,3
541,0
546,1

2206.8
2222,5
2230.0
2242.7
2258.4
2271.5

2721,4
2744.3
2765.3
2789.8
2815.6
2835.4

3197.1
3226.8
3268.8
3295.1
3326.5

5260.0
5317.0
5371.4
5431.8
5497,2

Not seasonally adjusted

1983—JCHE
JULT
AUG.
SEPT,
OCT.
NOV.
DEC.

509,8
516.6
513.5
516.3
522.3
526.7
537.8

2118.1
2131.9
2133.3
2142.2
2167.1
2181,2
2198.0

2591.2
2604.0
2615.6
2631.0
2654.8
2687.9
2713.9

3028.6
3052.5
3070.6
3085.4
3109.7
3146.0
3185.8

4905.0
4957.3
5000.3
5048.4
5095.5
5138.8
5197.5

1984—JAN.
FEB.
BAR.
APE.
HAT
JUNE

534.8
521.8
528. 1
543.2
534.8
545.4

2210.5
2212.3
2230.9
2254.6
2253.3
2273.3

2727.3
2737.0
2766.6
2798.3
2810.8
2834.1

3208,6
3228.2
3275,1
3306.6
3322.4

5254.1
5301.6
5352.9
5409,2
5469.8

M1
For period ended
13-week average

1984-JU1E

JOLT

NOTE:

Seasonally adjusted
4-week average

week average

12-week average

Not seasonally adjusted
4-week average

week average

4
11
18
25

538.1
539. 1
539.7
540.4

543.1
544.9
545,1
546.1

545.2
54 8.2
545.0
546,1

536, .3
537, • 9
539 .3
540. . 4

536.3
539.7
542.9
545.4

547.0
552.0

2
9 P
16 P

541.2
542,0
542*8

546.0
545.6
546.0

544.5
546.7
546.6

541,. 4
542. . 1
542 .3

544.9
546.6
548.0

545.0
558.5
553.5

5U7.9

534.8

SPECIAL CAUTION SHOULD BE T».KEN IN INTFFPRFTING WEEK-TO-WEFK CHANCES IN MONEY SUPPLY DATA, WHICH ARE
HIGHLY VOLATILE AND SUBJECT TO REVISION.
P—INDICATES PRELIHINAPY DATA.
FOOTNOTES APPEAR ON THE FOLLOWING PAGE




H.6 (508)
Table 2

MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES
Farcent change at seasonally adjusted annual ratas

M1

M3

Debt 1

1984

8.2

7.4

10.1

13,4

1 9 8 3 TO JOMB 1 9 8 4

7.9

6.9

9.4

13.4

6.9

7.3

9.3

12.7

3 MONTHS FBOH flAB. 1 9 8 4 TO JOKE
6 MONTHS FROM DEC.

M2

12 MONTHS FROH JUNE 1 9 8 3 TO JUNE

1984

THIRTEEN WEEKS ENDING JOLT 1 6 , 1984
FROH THIRTEEN BBEKS ENDING:

1/

1/

2/

3/

4/
5/

APR.

16,

1984

( 1 3 WEEKS PREVIOUS)

6.6

JAN.

16,

1984

( 2 6 WEEKS MEVIOUS)

6.9

JULY

18,

1983

( 5 2 WEBKS PREVIOUS)

6.7

GROVTH RATES FOR DEBT ARE BASED Oil PERIODS BEGINNING AND ENDING OMB HONTH BABLIBH THAI FOR THE HO NET AIT AGGREGATES,
IAMELY, FEBROART 1984 TO BAT 1984, NOVEMBER 1983 TO HAT 1984, AND HAI 1983 TO HA I 1984, RESPECTIVELY.
FOOTNOTES TO TABLE 1
CONSISTS OF (1) CURRENCY OOTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF OOHHERCIAL BANKS;
(2) TRAVELERS CHECKS OF NONBANK ISSDERS; (3) DEMAND DEPOSITS AT ALL COHHERCIAL BANKS OTHER THAI THOSE DOB TO
DOMESTIC BANKS, THE O.S. GOVERNMENT. AND FOREIGN BANKS AID OFFICIAL INSTITUTIONS LESS C1SH ITEHS II THE PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF IEGOTIIBLB ORDER
OF WITHDRAWAL (NOW) AMD AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CREDIT ONION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AID DBHAID
DEPOSIT COMPONENTS EXCLUDE THE BSTIHATBD AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, BBSPBCTIfELY, HELD Bf
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF H1 PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BT ALL COHHBRCIAL BANKS AID OVERSIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BY FOREIGI BRANCHES OF U.S. BANKS WORLDWIDE, MMDAS, SAVINGS AID S1ALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL RPS—II AMOUNTS OF LESS THAN $100,000), AID BALANCES IN BOTH
TAXABLE AID TAX-BXEHPT GEIERAL PURPOSE AND BROKER/DEALER HOIEY MARKET HUTOAL FUNDS. EXCLUDES IRA AID KBOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND MONEY MARKET FUNDS. ALSO EXCLUDES ALL BALAICBS HELD BX U.S. COHHBRCIAL
BANKS, MONET MARKET FUNDS (GENERAL PURPOSE AID BROKER/DEALER), FOREIGN GOVERNMENTS AID COHHBRCIAL BAIKS, AID
THE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUIT
OF DEMAND DEPOSITS AMD VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIHE AID SAVINGS DBPOSIT5.
CONSISTS OF M2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OB HOBE) AID TERH RP LIABILITIES ISSUED
BY COHHEBCIAL BAIKS AID THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGI BRAICBBS OF U.S. BJNKS
WORLDWIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AID TAX-BIBMPT
INSTITUTION-ONLY HOIEY MARKET HUTOAL FUNDS. EXCLUDES AMOUNTS HBLD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, MONBY
MARKET FUNDS, AND FOREIGI BANKS AID OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY HONEY MARKET MUTUAL FUNDS.
CONSISTS OF A3 PLUS THE NONBANK PUBLIC HOLDINGS OP U.S. SAVINGS BONDS, SHORT-TEEM TREASURY SECURITIES, COHHERCIAL
PAPER AND BANKERS ACCBPTAICBS, NET OF MONEY MARKET MUTUAL FUND HOLDINGS CF THESE ASSETS.
DEBT OF DOMESTIC NOIFINAICIAL 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 ACCEPTAICES AID OTHER DEBT
INSTRUMENTS. THE DATA ARE DERIVED FROH THE FEDERAL RESEHVE BOARD'S FLOW CF FUNDS ACCOUNTS. ALL DATA OR DEBT OF DOHESTIC
NONFINANCIAL SECTORS AFE 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 FLOW OF FUNDS STATISTICS.
THE PRESENTATION OP DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FROM THE QUARTERLY FLOW OF 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 gUABTEl.-END BASIS AND INCLUDE DISCONTINUITIES.




H.6 (508)
Table 3

COMPONENTS OF THE MONEY STOCK
Billions of dollars, seasonally adjusted
Nontransactions
components
in M3
onlyf
in M2S

Savings deposits7
at
at
total
commercial
thrift
banks
institutions

Selected nontransactions items
Small time deposits'
at
at
commercial
thrift
total
banks
institutions

Ur<je time deposits9
at
at
thrift
total
commercial
10
institutions
banks

Travelers
checks2

Demand
deposits3

Other
checkable
deposits4

141.6

4.6

243.0

121.7

1606.1

476.0

uo. o

182.8

322.8

322.3

402.5

724. 8

226.9

76.3

303.0

JULY
AOG.
SEPT.

142.4
143.5
144.8

4.6
4.7
4.7

244.5
243.7
243.0

123.4
125.6
126.4

1611.6
1617.9
1629.0

477.5
482.0
488.5

138.3
138.0
137.4

181.9
181.3
180.5

320.7
319.3
317.9

328.0
333.4
338.2

409.0
415.6
420.7

737.0
749.0
759.0

224.1
224.0
223.8

80.1
84.5
89.4

304.2
308.6
313.2

OCT.
NOV.
DEC,

146.0
1 47.2
148.0

4.8
4.9
4.9

243.6
242.8
243.7

127.2
128.2
128.8

1645.6
1659.2
1670.9

488.9
504.7
511.7

137.Q
136.1
134.6

180.2
179.3
178^2

317.1
315.4
312.9

344.8
350.0
353.1

428.2
4 35,5
440.3

773.8
785.5
793.1

221.7
224.2
225.5

93.9
96.6
100.4

315.6
320.8
325.9

1984-JAN.
FEB.
MAR.

149.9
150.2
150.9

4.9
5.0
5.0

244.5
243.8
244.0

130,7
133.8
135.3

1676.8
1689.6
1694.8

514.7
521.8
535.3

132.1
130,1
128, *

177.7
176.5
176.6

309.9
306.6
305.5

352.9
352.8
353.5

444.1
448.1
449.9

797.9
830.9
803.4

227.2
228.3
232.7

106.3
112.0
115.5

333.4
340.3
348.3

APfi.
MAY
JUNE

151.8
152.9
154.2

5.1
5.1
5.1

245.3
245.2
248.2

133.1
137.7
138.6

1707.4
1717.4
1725.4

547.0
557.2
563.9

128.6
128.2
128,0

176.8
177.0
176,7

305.4
305.2
304.7

355.9
360.4
365.5

452.4
456.5
463.7

808.3
816.9
829.2

236.3
243.6
249.3

119.4
123.4
128.8

355.7
367. 1
378. 1

1

Date

Currency

1983-JUNE

WEEK ENDING
1984-JUNE 4

JULY

1/
2/
3/

4/

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

11
18
25

153.5
153.9
154.1
154.6

248.6
249.2
248.0
246.7

138.1
140.0
137.8
139.6

128.0
128.2
128.1
128.0

362.3
364.3
365.5
366.7

247,9
248.8
248.1
250.5

2
9P
16P

154.1
155.0
155.1

249.1
247.7
248.3

136.1
138.8
138.0

127.8
128,0
127.5

368.1
369.6
370.7

251.5
252.6
254.2

CUBflENCY OUTSIDE THE 0,S. TREASURY, FEDERAL RESERVE BANKS AMD VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAP-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BT DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHBB THAN THOSE DUE TO DOMESTIC BAHKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND FEDEBhL BESEBVE FLOAT.
EXCLUDES THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
CONSISTS OF NOW AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFFERENCE BETWEEN THE
SEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AND SEASOSAL1Y ADJUSTED DEMAND DEPOSITS. INCLUDED ARE ALL CEILING
FREE "SUPER NOWS," AUTHOBIZED BY THE DEPOSITORY INSTITUTIONS DEBEGULATION COMMITTEE TO BE OFFEBED BEGINNIWG JANUARY 5,
1983.
SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKEB/DEAJ.EB) ,
HMDAS, AND SAVINGS AND SMALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF
DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TEBM RPS AND TERM EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET FUHD BALANCES (IISTITUTIONONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AHCUNT OF OVERNIGHT RPS AND EURODOLLABS HELD BY
INSTITUTION-ONLY MONEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE MNDAS.
SMALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUED IN AMOUNTS OF LESS ThAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THBIFTS ARE SUBTRACTED FROH SHALL
TIME DEPOSITS.
LAUGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LAFGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BAKKS LESS THOSE HELD BY MONEY MARKET MUTUAL
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

2/
3/
4/

Non-M3 components of L
bankers acceptances2
short-term treasury
securities1

commercial paper9

Debt components4
non-federal debt
federal debt

69.5
69.8

198.5
206.8

41.0
40.6

123.4
122.9

1063.7
1091.0

3813.2
3840.3

JOLY
AUG.
SEPT.

70.1
70,3
70.5

219.6
222.9
221.6

41.6
43.6
43.8

124.4
121.0
125.3

1113.6
1128.2
1142.6

3870.3
3896.8
3923.7

OCT.
NOV.
DEC.

70.7
70.8
71.0

218*5
217.2
223.3

42.8
43.0
43.4

125.7
126.9
132.4

1156.0
1166.5
1174.0

3953.4
3986.5
4030.4

1984-JAH.
FEB.
HAB.

71.2
71.7
72.2

226.6
231.8
245.8

42.8
41.7
42.6

135.0
137.2
142.9

1191.3
1213.1
1220.7

4068.7
4103.9
4150.7

APR.
HAf

72.5
72.8

241.8
240.0

43.3
45.4

147.7
152.7

1233.6
1253. U

4198.2
4243.8

1983-HIY
JOKE

1/

savings bonds

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, HONEY HARKET HOTUAL FUNDS AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTAHCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDFRAL
HOME LOAN DANK SYSTEH AND HONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HFLD BY HONEY HAFKET HOTOAL FONDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING EiD-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BFEN
ADJUSTED TO REHOVE DISCONTINUITIES.




H.6 (508)
Table 5

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

Other checkable deposits

Date

Currency

1

Travelers
checks2

Demand
deposits3

at commercial
banks4

at thrift
institutions"

total

in M2*

7

in M3 only

Overnight
RPs*

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

141.9

4.9

241.8

91.0

30.3

121.2

1608.3

473.1

46.7

9.4

140.2

JULY
AUG.
SEPT.

143.6
143.8
144.3

5.2
5.1
5.0

244.9
241.1
242.0

91.9
92.4
93.4

31.0
31.1
31.6

122.9
123.5
124.9

1615.2
1619.8
1626.0

472.1

482.3
488.7

43.5
42.0
42.8

9.6
10.4
10.7

138.7
139.1
137.9

OCT.
NOV.
DEC.

145.7
147.9
150.5

4».6
11.6

1.8

244.8
245.2
251.6

94.3
95.6
97.7

32.7
33.3
33.5

127.0
128.9
131.2

1644.8
1654.5
1660.2

487.6
506.7
515.9

45.3
44.9
44.8

11.7
10.3
11.4

137.5
138.8
138.2

1984-JAN.
FEB.
MAR.

148.4
148.3
149.8

I 1.6
i•.7
i1.8

249.4
237.9
239.4

99.2
97.8
99.7

33.2
33.2
34. *

132.5
130.9
134.1

1675.7
1690.5
1702.8

516.8
524.7
535.7

47.1
48.1
47.0

11.5
11.4
11.3

137.9
142.1
144.8

APR.
HAY
JUNE

151.5
152.9
154.9

4.8
5.0
5.4

247.8
241.3
247.0

102.8
99.7
101.0

36.2
36.0
37.0

139.0
135.7
138.1

1711.4
1718.5
1727.9

543.7
557.5
560.8

46.4
47.0
44.0

11.1
12.2
12.5

146.0
146.4
146.7

1983-JUNE

WEEK ENDING;
1984-JUNE

JULY

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

4
11
18
25

154.0
155.6
154.8
154.2

248.8
250.2
249.0
240.3

101.7
103.2
101.8
98.7

37.3
37.8
36.9
36.1

139.0
140.9
138.7
134.8

49.5
44.0
42.9
43.0

13.2
9.6
11.5
14.3

148.3
148.7
148.8
148.7

2
9 P
16 P

154.8
157.8
156.8

248.3
253.3
252.3

99.3
103.0
101.1

36.9
38.7
37.6

136.1
141.7
138.6

42.3
42.8
42.2

15.1
12.6
12.5

148.7
148.6
150.3

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AID THE VAULTS OF COHHERCIAL 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 NOIBAMK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COHHERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERIHENT 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 NOSI AND ATS BALANCES AT COHHERCIAL BANKS, U.S. BRANCHES AID AGENCIES OF FOREIGN BANKS, AID EDGE ACT
CORPORATIONS. INCLUDES SUPER MOWS OF $31.2 BILLION IN THE WEEK ENDED JOLT 2, S32.2 BILLION IN THE WEEK ENDED JULY 9,
AND $31.9 BILLION IN THE WEEK ENDED JULY 16.
CONSISTS OF NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVIIGS BANKS, CREDIT UNIOI SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOWS OF SI1.8 BILLION IN THE WEEK EIDED JULI 2. 12.2
BILLION IN THE WEEK ENDED JULY 9, AND $11.9 BILLION IN THE WEEK EIDBD JOLT 16.
SUM OF OVERNIGHT RPS AND EURODOLLARS, MONEY MARKET FUND BALANCES (GBIER1L PURPOSE AND BROKEB/DEALEB), HMDAS AID SAVIIGS
AND SMALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF T)EHAND DEPOSITS AIO 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 BY INSTITUTION-ONLY
MONEY MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COHHERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AID
MONEY ISABKET MUTUAL FUNDS (GEIERAL PURPOSE AND BROKER/DEALBB).
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/DEALEB).




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 atccounts
at
at
total
commercial
thrift
banks
institutions

at
commercial
banks -

iSavings depositsi 1
at
thrift
Institutions

total

Small denomination time deposits'
at
at
commercial
total
thrift
institutions
banks

Large de nomination time deposits'
at
at
total
thrift
commercial
institutions
banks 4

1983-JUNE

216.0

152.6

368.6

141.6

184.2

325.8

322.3

#02.7

725.1

224.4

75.3

299.8

JULY
AUG.
SEPT*

218.4
218.9
221.1

152.2
149.7
148.4

370.5
368.6
369.5

140.6
138.3
136.1

184.2
181.5
179.8

324.8
319.8
316.2

327.0
332.8
337.3

408.8
411.2
419.0

735.8
747.0
756.3

220.7
223.8
224.2

79.4
84.7
90.5

300.1
308.5
314.8

OCT.
NOV.
DEC.

223.4
227.1
230.0

147.1
145.8
145.9

370.5
372.9
376.0

135.8
133.7
132.0

180.1
178.3
176.5

316.0
312.0
308.5

343.9
348.9
351.0

427.5
434.2
437.6

771.4
783.1
788.6

222.1
225. 5
229.0

95.8
98.3
100.7

317.9
323.7
329.7

1984-JAN.
FEB.
HAR.

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
807.7

229.3
229.7
233.1

105.7
111.2
114.2

335.0
340.9
347.3

APR.
HAT
JUNE

245.3
244.3
244.8

151.1
150.4
148.2

396.4
394.7
393.1

130.5
129.9
129.7

178.0
178.0
178.4

308.5
307.9
308.1

356.4
360.3
365.2

454.3
457.5
464.0

810.7
817.9
829.2

233.7
241.5
246.9

118.1
122.9
127.6

351.7
364.4
374.5

WEEK ENDING
1984
JUNE 4

11
25
JULY 2
9 P
16 P

1/
2/
3/
4/

245.5
245.9
245.2
243.7

129.9
130.3
129.7
129.1

362.4
364.2
365.2
366.3

246.2
246.7
245.3
247.6

243.7
244. 3
244.2

129.5
130.0
129.3

367.0
368.4
369.5

248.8
249. 1
250.3

SAVINGS DEPOSITS EXCLUDE HHDAS.
SHALL DENOHINATION TIHE DEPOSITS — INCLUDING RETAIL BPS — ARE THOSE ISSUED IN AHOUNTS OP LESS THAN $100,000. ALL
INDIVIDUAL FETIREHENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COHHBRCIAL BANKS AND THRIFTS ARE SUBTRACTED FROH SHALL
TIHE DEPOSITS.
LARGE DENOMINATION TIHE DEPOSITS ARE THOSE ISSUED IN AHOUNTS OF $100,000 OB BORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOHINATION TIHE DEPOSITS AT COHHERCIAL BANKS LESS THOSE HELD BY HONET HARKET HUTUAL FUNDS, DEPOSITORT
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6<506)
Table 5-continued

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

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

Teem
Eurodollars1

Non M3 Components of L
Short-term
Bankers
treasury
acceptances4
securities3

Savings
bonds

Components of Debt
Commercial
paper*

Federal debt*

Non-Federal*
debt

39.5

31.5

13.9

45.5

91.9

69.6

204.4

40.1

123.3

1081.1

3823.9

JULY
AUG.
SEPT.

38.6
38.4
38.8

29.6
31.6
31.9

14.8
15.2
16.1

44.3
46.9
48.0

92.1
91.9
90.4

69.9
70.2
70.4

214.1
217.9
216.7

40.9
43.1
43.8

123.7
123.9
123.5

1099.9
1116.1
1134.0

3857.5
3884.2
3914.4

OCT.
NOV.
DEC.

39.8
40.6
40.3

30.6
35.3
36.4

16.7
18.1
19.6

47.3
53.4
56.0

86.6
91.7
93.4

70.7
71.0
71.3

216.4
215.7
222.8

43.0
43.4
44.8

124.8
128.0
132.9

1147.6
1158.0
1170.2

3947.8
3980.8
4027.3

1984-JAN.
FEB.
MAR.

40.6
41.6
41.8

34.2
35.7
35.4

19.1
18.8
20.6

53.3
54.5
55-9

90.7
90.7
94.2

71.6
71.8
72.1

230.2
239.6
253.1

43.8
42.3
42.2

135.7
137.5
141.1

1189.8
1210.7
1223.6

4064.3
4090.9
4129.3

APB.
NAY
JUNE

41.8
42.0
42.3

36.2
35.7
32.5

23.6
25.7
25.8

59.8
61.4
58.3

93.9
94.3
90.0

72.3
72.6

246.2
240.8

42.6
44.9

147.1
153.3-

1235.9
1248.7

4173.3
4221.1

11
18
25

43.0
42.4
42.5
41.7

32.2
32.9
32.7
32.0

2
9 P
16 P

42.2
42.2
42.4

32.7
28.8
31.3

1983-JUNE

:

SEEK ENDING:
1984-JUNE

JULY

1/
2/
3/
4/
5/
6/

4

TERM RPS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND BETAIL
TERN EURODOLLARS ARE THOSE KITH ORIGINAL AATORITIES GREATER THAN ONE DAY. CONSISTS OF THOSE ISSUED TO D.S. RESIDENTS fiY
FOREIGN BRANCHES OF U.S. BANKS VORLDHIDE AND BY ALL BANKING OFFICES IN THE UNITED KINGDOB AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEY HABKET MUTUAL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AND COUPONS »ITH REMAINING MATURITIES OF LESS THAN 12 HONTHS HELD BY OTHER THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, HONEY 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 HONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY HONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-HONTH LEVELS OF ADJACENT HONTHS, AND HAVE BEfN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6(508)
Table 6

MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted
Demand deposit!5 at banks due to

Date

foreign
commercial
banks

foreign
official
institutions

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

demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

26.0
19.9
25.3

0.8
0.8
0.8

27.5
28.0
28.5

36.0
36.7
37.6

5.0
5.1
5.0

68.4
69.8
71.1

7.1
2.9
3.6

22.0
4.7
7.8

31.8
10.4
14.4

0.8
0.7
0.7

28.9
29.5
30.1

37.8
38.3
39.5

5.1
5.1
5.0

71.8
72.9
74.6

3.1

4.7

6.9

3.1
3.0

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
5.5e
5.7e

77*2
81.0e
85. Oe

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
17.0
16.1

0.9
0.9
0.8

38.3
39.5
40.1

47.6
49.0
49.8

6.1e
6.4e
6.4e

92. Oe
94. 8e
96. 3e

2.7
2.8
7.3
3.2

4.7
3.3

1.8
1.7

7.3
7.5
7.5
7.5

3.5
4.1
5.6
16.3

10.9
10.2
17.0
22.8

0.8
0.8
0.8
0.8

1.8
2.0
1.8

7.7
7.3
7.2

2.7
3.4

3.9
4.5

2.9

3.4

11.6
2.9
9.0

18.2
10.8
15.3

0.8
0.8
0.8

2.0
2.0
2.0

7.3
7.3
7,3

2.8
2.4
3.2

4.2
3*5
7.4

OCT.
NOV.
DEC.

8.0
8.4

1.9

8.2

2.0
2.0

7.1
7.2
7.1

2.7
2.7
3.0

1934-JAN.
FED.

8.3
8.5

1.8

7.0
6.8

WAR*

8.1

1.9
1.9

APR.
HAY
JUNE

8.0
8.2

1.7
1.9
1.8

9.8

ENDING:

1984
18
25
JULY

2
9 P
16 P

e = estisated




8.3
8-6

8.0

total

19.1
14.0
14.8

8.2
7.9

8.6
8.4
7.8
7.7

money
market
mutual funds

67.2

JULY
AUG.
SEPT.

4
11

thrift
institutions

5.1

3.4

JUNE

commercial
banks

35.2

3.4

WEEK

time
and savings
deposits at
commercial
banks

26.9

7.4

8.1

total demand
deposits and
note and
FR balances

0.9

1.9

8.1

note balances
at commercial
banks
and thrift
institutions

16.6

8.1

1903-JONE

IRA and Kec>gh Accounts

US. government depMitS

1.9
1.8

4.1

3.4

SPECIAL SUPPLEMENTARY TABLE
Monthly Survey of Selected Deposits and Other Accounts
At All Insured Commercial Banks and All Mutual Savings Banks *
May 30, 1984 and June 27, 1984
(not seasonally adjusted)
Insi
Liability Categories
"Super NOW" accounts?
(standard error of the estimate)
Money market deposit accounts 3
Interest-bearing time deposits with
balances of l e s s than $100,000
with original maturities of:*
7 to 31 days
(standard error of the estimate)

Amount Outstandla
May 30
30,775
(692)
244,268

Co—ercial Banks
Kate Paid (Z)
June 27

May

30,717
(714)
241,109

Number of Issuing Banks
May 30
June 27

7.46

7.52

12,070

12,079

8.90

9.04

12,942

12,919

4,966
(384)

5,080
(417)

9.05

9.16

8,042

8,060

32 to 91 days
(standard error of the estimate)

16,308
(701)

16,959
(770)

9.33

9.53

13,247

13,119

92 to 182 days
(standard error of the estimate)

168,840
(2,861)

167,575
(2,455)

10.42

10.62

13,966

13,899

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

42,194
(1,251)

45,596
(1.332)

10.57

10.90

12,796

12,868

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

58,617
(1,385)

59,898
(1,332)

11.00

11.26

13,610

13,585

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

108,413
(1,678)

108,591
(1,667)

11.30

11.54

12,842

12,817

All IRA/Keogh Plan deposits 5
(standard error of the estimate)

39,672
(192)

40,224
(238)

(N.A.)

(N.A.)

13,337

13,313

Retail repurchase agreements6
(standard error of the estimate)

1,066
(172)

1,108
(173)

8.64

8.85

2,896

2,832

Liability Categories

State-Chartered Mutual Savings Banks
Amount Outstanding ( $ « i l )
Average Rate Paid (X)
Number of Issuing Banks

"Super NOW" accounts2
(standard error of the estimate)

810
(16)

811
(16)

7.63

7,70

231

231

Money market deposit accounts3
(standard error of the estimate)

26,721
(97)

26,511
(98)

9.17

9.34

354

360

Interest-bearing time deposits with
balances of l e s s than $100,000
with original maturities of: 4
7 to 31 days
(standard error of the estimate)

267
(41)

273
(41)

8.95

8.92

118

119

32 to 91 days
(standard error of the estimate)

905
(82)

875
(81)

9.20

9.31

269

268

92 to 182 days
(standard error of the estimate)

25,093
(385)

25,264
(401)

10.60

10.86

370

361

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

7,652
(249)

8,017
(229)

10.89

11.19

301

300

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

10,492
(308)

10,009
(240)

11.32

11.54

343

342

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

20,438
(263)

20,959
(83)

11.67

11.88

337

336

All IRA and Keogh Plan deposits 5
(standard error of the estimate)

7,973
(182)

6,041
(182)

(N.A.)

(N.A.)

363

362

Retail repurchase agreements&
(standard error of the estimate)

125
(52)

119
(56)

9.20

9.55

75

65

N.A. - Data not available.
1. Estimates are based on data collected by the Federal Reserve from a stratified random sample of about 550 banks
and 75 mutual savings banks. Until the end of September 1983 data were collected concerning specific lndexedcelllng and ceiling-free deposit accounts. Effective October 1, 1983, the DIDC deregulated time deposits, and
this survey now provides information on a l l small interest-bearing time deposits by maturity category. The data
presented for the end of October are not directly comparable to specific account data published previously, but
Include those balances.
2. "Super NOW" accounts are NOW accounts containing an agreement between depositor and depository such that,
provided certain conditions—including a $2,500 minimum balance—are met, some or a l l funds deposited are eligible
to earn more than 5.25 percent.
3. Money market deposit accounts (MMDAs)— Deposits with a $2,500 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 f a l l s below $2,500 during which period the NOW account rate ceiling applies; such
accounts may allow up to six transfers per month, no more than three of which may be draft and may permit unlimited
withdrawals by mail, messenger, or in person. Estimates for this category of deposits are based on data collected
by the Federal Reserve from weekly deposit reports submitted by about 10,500 commercial banks.
4. All interest-bearing time certificates and open account time deposits with balances of less than $100,000,
including those held in IRAs and Keogh Plan deposits.
5. All IRA/Keogh Plan time deposits regardless of s i z e , type of instrument in which held, or interest rate paid.
6. Retail repurchase agreements are in denominations of less 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 an agency thereof.