Full text of H.6 Money Stock Measures : July 5, 1985

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FEDERAL RESERVE statistical release
H.6<508)
Jabiei

JULI

MONEY STOCK, LIQUID ASSETS, AND^EBTMEASURES

5, 1985

Billions of dollars
M1
Sum of currency,
travelers checks,
demand deposits ancI

Date

[•

1984—HAT
JUNE
JULT
AUG.
SEPT.
OCT.
NOV.
DEC.
1985—JAN.
FEB.
HAB.
APB.
HAT

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,
and savings and small
time deposits1
Seasonally adjusted

L

Debt

M3 plus other
liquid assets4

Debt of domestic
r
lonnnenciai sectors

542.5
547.3
546.9
548.9
551.5
548.3
553.8
558.5

2255.2
2269.3
2280.2
2292.8
2308.4
2319.3
2346.3
2371.7

2814.6
2838.8
2862.0
2878.8
2901.0
2925.0
2959.9
2995.0

3327.4
3366.5
3402.7
3427.7
3457.0
4480.2
3508.8
3543.8

5515.7
5571.0
5631.0
5690.3
5742. 1
5802.5
5877.9
5953.2

562.7
569.4
572.1
574.9
581.6

2398.9
2421.0
2429.2
2427.5
2444.5

3020.5
3041.0
3055.3
3055.9
3074.1

3568.0
3598.1
3624.2
3626.3

6018.7
6074.7
6130.2
6191.7

Not seasonally adjusted
1984—HAT
JUNE
JULT
AOG.
SEPT.
OCT.
NOV.
DEC.

537.3
547.9
549.9
545.0
548.5
548.2
555.9
570.4

2251.3
2272.3
2285.7
2287.7
2298.8
2316.6
2344.4
2376.7

2812.2
2840.3
2863.6
2874.8
2890.9
2920.6
2960.4
3002.2

3321.3
3367.8
J403.3
3421.4
3445.5
3475.9
3509.2
J545.1

5489.4
5547.6
5609.6
5672. 1
5729.8
5791.9
5866. 1
5947.2

1985—JAN.
FEB.
HAB.
APB.
HAT

568.3
558.6
564.9
581.6
576.2

2404.1
2414.5
2429.5
2439.4
2440.5

3024.3
3034.3
3057.1
3067.8
3072.0

3573.5
3596.8
9631.6
3639.5

6010.5
6052.8
6101.4
6161.2

M1

For period ended

Not seasonally adjusted

Seasonally adjusted
41..\aiAAaf
ttuArft/|A
Iw W W n
BVvlslUv

^'"www* •voriov

1985-HAT.

6
13

20
27
JUNE

3

10
17 P
24 P

NOTE:

^~wwwn ej

UJAA|( auejffj/|A

WWII Wtji V||fJ

573.0
573.8
574.8
575.7

575. fl
576.9
578.4
580.7

577.7
577. 9
582. 3
585. 0

569.3
570.6
572.1
573.3

579. 9
577. 2
575. 5
575. 8

578.5
577.6
578.0
568.9

576.7
578.3
579.7
581.2

582.8
586.0
587.8
589.5

585, 9
590. 8
589. 3
591. 9

574.9
577.2
579.6
581.6

577. 3
582. 6
586. 9
590. 8

584.5
598.8
595.3
584.4

SPECIAL CAUTION SHOOLD BE TAKEN IN INTERPRETING »EEK-TO-HEEK CHANGES IN HONET SUPPLY DATA, NHICH ABB
HIGHLY VOLATILE AND SUBJECT TO REVISION.
P—INDICATES PBBLIHINAST DATA.'
FOOTNOTES APPEAB ON THE FOLLOWING PAGE




H (j (508)
Table 2

MONEY STOCK, LIQUID ASSETS ANO DEBT MEASURES
Rsrcant chang« at seasonally adjusted annual rates

M1

M2

M3

Debt 1

3 MONTHS FfiGIt FEB.

1 9 8 5 TO MAY

1985

8.6

3.9

4.4

11.5

6 MONTHS FROM NOV.

1 9 8 4 TO MAY

1985

10.0

8.4

7.7

13.4

1 9 8 4 TO HAY

1985

7.2

6.4

9.2

13.5

12 MONTHS FBOM HAY

THIRTEEN WEEKS ENDING JUNE 2 4 , 1985
FROM THIRTEEN SEEKS ENDING:
HAfi.

1/

1/

2/

3/

4/
5/




( 1 3 WEEKS PREVIOUS)

9.9

1984

( 2 6 WEEKS PREVIOUS)

10.4

1984

( 5 2 WEEKS PBEVIOUS)

7.1

25,

1965

DEC.

24,

JUNE

25,

GBOWTH SATES FOB DEET ABE BASED ON PEBIODS BEGINNING AND ENDING CNE MONTI EAfiLIEB THAN FOR THE MONETARY AGGREGATES,
NAMELY, JANUARY 1985 TO APRIL 1985, OCTOBER 1984 TO APRIL 1985, AND APBI1 1984 TO APRIL 1985, RESPECTIVELY.
FOOTNOTES TO 1ABLE 1
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AN£ THE VAULTS OF CONflERCIAL BANKS;
(2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COHfliRCIAL BANKS OTHER THAN THOSE DUE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDSB
OF WITHDRAWAL (NOW) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPCSITOBY INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF fl1 PLUS OVEBNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALi COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE, HHCAS, SAVINGS AND SHALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL RPS—IN AMOUNTS OF LESS TfcAN 5100,000), AND EALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET H0SUAL FUNDS. EXCLUDES IRA AND KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND HONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMERCIAL
BANKS, MONEY MARKET FUNDS (GENERAL PURPOSE AND BBOKER/DBALEB), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF H2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 Ofi MORE) AND TERM RP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT 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, AID BALANCES IN BOTH TAXABLE AND TAX-EXEMPT
INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BY DEFOSITOHY INSTITUTIONS, THE U.S. GOVERNMENT, HONEY
MARKET FUNDS, AMD FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTIOI-ONLY MONEY MARKET MUTUAL FUNDS.
CONSISTS OF «3 PLOS THE NONBAMK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, StOBT-TEHM TREASURY SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF HONEY 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 D1BT CONSISTS OF CORPORATE BONDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPiR, BANKERS ACCEPTANCES AND CTHEfi DEBT
INSTRUMENTS. THE DATA ARE DEHIVSD FROM THE FEDERAL RESERVE BOARD'S FLOW CF FUNDS ACCO0NTS. ALL DATA CN DEBT OF DOMESTIC
NONFINANCIAL SECTORS ARE PRESENTED IN MONTH-AVERAGE FORM, DEEIVEE BY AVEIAGING MONTH-END LEVELS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT IAY ARISE IN THE UNDERLYING F1CW OF FUNDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FhOM TiE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED IN
IN THE FEDERAL RESERVE BELEASES Z. 7 AND Z.I. IN THOSE RELEASES, PUBLISHED LEVELS OF CfeEDIT MARKET DEET AfaE MEASURED ON A
A UUAfiTER-END BASIS AND INCLUDE DISCONTINUITIES.

H.t<90J|

COMPONENTS OF THE MONEY STOCK
Bill loos of dollars, ssssonaliy aojustso

Ottwr
Da*

Currency1

trawtois
chscks*

Dsmand
dspotHs'

cnscfcabts
deposits'

components
In MS
only*
toiM*

SSWlnQS OSDOSttS

216.3
218.9

138.3
139.0

1717.8
1722.0

559.<*

12<*. 3

569.4

128.7

at
IfMifl
Institutions
172.7
172.1

St
banks

152.8
15^. 1

5.1
5. 1

JULY
AOG.
SFPT.

155.0
155.9
156.8

5.2
5.2

OCT.
NOV.
DEC.

1984-NAY
JUNE

nontranaactfcmsMsms
Sim dl tints ospoi uts"
at
|||j|t|
total
banks
institutions
at

tot*

Lariistlmsdspoiirts"
st
thrift
total
banks" Institutions
at

301.5
300.8

366.2
371.0

456.4
463.0

822.6
834.0

245.2
249.4

130.1

369.8
379,5

124.6

217.3

139.4

5.1

216.8
217,5

141.0
112.2

1733.3
1741.0
1756.9

581.8
586.0
592.6

128. 1
127.0
126. 1

171.0
169.5
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
396.0

157. 1
157.9
158.7

5.0
5.1
5.2

211.5
216.8
218.6

111.8
113.9
146.0

1770.9
1792.5
1813.2

605.8
613.7
623.3

124.9
i 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-JAN.
FEE.
HAB.

159.U
160.5
161.3

5.3
5.a

219.1
251.7
251.9

149.0
151.0
153.6

1836.2
1851.6
1857.1

621.7
620.0
626.1

! 121.6
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
269.4

154.6
154.9
154.2

416.9
419.3
423.6

APR.
HAT

161.7
163.1

5.5
5.5

252.5
255.8

155.3
157.3

1852.6
1862.9

628.4
629.6

119.6
120.4

168.3
169.0

287.9
289.4

387.6
389.9

497.8
501.9

885.4
891.8

272.9
272.0

154.3
156.0

427.2
428.0

5.3

SEEK ENDING
1985
HAT

JUNE

1/
2/
3/

4/

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

6
13
20
27

162.4
162.5
163.2
163.7

253.8
253. 1
256.3
257.5

156.0
156.8
157.2
158.3

120.2
120.3
120.4
120.5

389.3
389.3
390.0
390.7

273.6
273.4
271.9
270.7

3
10
17 P
21 P

163.5
161.3
16a. 5
164.8

258.4
261.1
259.7
261.1

158.6
159.8
159.6
160.5

121.0
121.7
121.9
122.0

390.4
390.1
390.6
391.2

269.3
267.7
268.8
267.7

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND fAOLTS OP COHHEBCIAL BARKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BT THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBAIK ISSUERS. TRAVELERS CHECKS ISSUED BT DEPOSITORT
INSTITUTIONS ASE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTION OTIER THAU THOSE DUE TO DOHESTIC BANKS, THE 0. S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT.
EXCLUDES THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANIS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
CONSISTS OF MOH AMD ATS BALANCBS AT ALL DBPOSITOHT INSTITUTIONS, CREDIT ORION SHARE DBArT BALANCES AHD
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THP DIFFEREMCE BETHEER THE
SEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDED ABE ALL CEILING
FREE "SUPER NOUS," AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEBSGULATICR COMMITTEE TO BE OFFERED BEGINNING JAMOABY 5,
1983.
SUM OF OVERSIGHT RPS AMD OVERNIGHT EURODOLLARS, HONEY MARKET FORD BALANCES (GENERAL PURPOSE AHD BROKER/DEALER)/
HNDAS, AMD SAVINGS AMD SMALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF
DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SEBVICE TBEIB TIME AND SAVINGS DEPOSITS LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TEBH RPS AND TERM EURODOLLARS OF U.S. RESIDINTS, MONEY MARKET FUND BALANCES (INSTITUTION
ONLY) # LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AHCUNT OF OVERNIGHT RPS AND EURODOLLARS HELD EY
INSTITUTION-ONLY MONEY flAFKET FUNDS.
SAVINGS DEFOSITS EXCLUDE HHDAS.
SMALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL P P S — ARE THOSE ISSU ID IN AMOUNTS OF LESS THAN 1100,000. ALL
INDIVIDUAL KETIFKHENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BISKS AND THFIFTS ARE SUBTRACTED FROM SMALL
TIME DEPOSITS.
U R G E DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF t100,00C OR MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FAtJIITlFS.
LAPGE DENOMINATION TIME HEPCSITS AT COMMERCIAL BANKS LESS THOSE HELD BY HONEY MARKET MUTUAL FUNDS,
DEPOSITORY INSIJ1UTI0NS AN13 FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (508)
Table 4

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

Date

savings bonds

T

Non-M3co
short-term treasury
securities1

inents of L
bankers acceptances3

commercial paper'

Debt components4
federal debt
~]
non-federal debt

I
1984-AFR.
HA*
JUNE

72.7
72.5
73.0

242.0
241. b
251.6

44. 7
46.5
47.7

146. 1
152.0
155.5

12 36. d
1251.9
1261.3

4218.0
4263.8
4309.7

JULY
AUG.
SfcPT.

73.1
73.3
73.6

254.9
267.2
276. 4

4b. 2
47.6
46.0

1S9.4
160.5
157.2

1277.9
1299.0
1311. 1

4353. 1
4391.2
4431.0

CCT.
NCV#
DEC.

73.7
73.9
74.1

279.8
274.9
271.6

44. 8
42. b
41.3

156.7
157.6
161.8

1325. 2
1347.2
1367.0

4477.3
4530.7
4586.1

1985-JAN.
FEB.
BAB.

74.4
74.9
75.3

212.1
21b.0
279.5

40.8
42.5
44.3

159.6
164.8
169.8

1385.3
1401.0
1413.5

4633.4
4673.7
4716.8

75.a

281.7

44.0

168.9

1429.0

4762.7

lPfc.

1/
2/
3/
4/

P

CONSISTS OF 0 . S. THEASUfcY PILLS AMD COUPONS WITH REMAINING HATUH1TIES OF LESS 1HAN 12 flONTiiS HELD BT CTHSfi THAN DEPOSITORY
INSTITUTIONS, FEDEBA1 BBSERVE BANKS, HOMEY HABKET BUTUAL FUNDS AkD FGUEIGN ENTITIES.
NET OF DAHKEHS ACCEPTANCES HELD BY ACCEPTIMG BANKS, FEDERAL fiESEEVE BANKS, FO8EIGN OFFICIAL INSTITUTIONS, TUE FEDEBAL
HONE LOAN RANK SYSTEM AND HONEY HAfiKKT IIUTUAL FUNDS.
TOTAL CCHHEBCIAL PAPEB LESS C(MNEhCIAL PAPER HELD BY HONEY HAUKF1 flUTUAL FUNDS.
DEbT DATA ABE ON A UONTULY AVthAUE BASIS, OEBIVED BY AVE8AGING END-Of-rtO*TU LEVELS OF ADJACENT MONTHS, AND HAVE BEEI
ADJUSTED TO BEHOVE DISCONTINUITIES.




H.b U>Ub)

Table 5

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

1

Currency

Travelers
checks2

Demand
deposits1

at commercial
banks4

at thrift
institutions*

Nontransactions components
total

In M2*

7

in M3 only

Overnight
RPs*

Overnight
Eurodollars*

General
purpose and
broker/deafer
money market
funds

152.9
15*.9

5.0
5.4

242. 1
247.8

100.3
101.7

37. 1
38. 1

137.4
139.8

1714.0
1724.3

560.8
568.0

46.2
43.3

12.1
12.6

146.5
148.9

JULI
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

OCl.
NOV,
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
13.1
12.3

155.6
162.0
167.5

1985-JAN.
PEE.
MAR.

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
18 64.6

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
163.2

5.2
5.4

255.1
251.4

114. 1
110.5

46.0
45.7

160.1
156.2

1857.8
1864.3

628.4
631.4

47.4
51.3

11.8
12.6

176.3
172.1

1984-HAY
JUNE

MEEK ENDING:
1985-I1AY

JURE

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

6
13
20
27

162.7
163.4
163.2
163.9

252.9
251.8
253.5
246.0

111.2
110.9
110.4
109.3

46.5
46.0
45.5
44.8

157.6
157.0
155.9
154.1

46. 1
48.1
52.2
54.4

13.2
11.6
12.7
13.0

171.9
172.1
172.0
172.4

3
10
17 P
24 F

163.4
166.1
165.3
164.6

257.0
262.8
261.6
254.9

112.0
115.8
114.9
112.3

46.5
48.4
47.6
46.6

158.5
164.2
162.5
158.9

58.1
49.0
50.4
50.0

12.5
12.4
11.8
12.8

172.5
173.8
175.2
176.8

CURRENCY OUTSIDE THE O.S. TREASURY, FEDERAL RESERVE BANKS AID TUB TAOLT5 OF COHHERCIAL BANKS. EICLDDES THE ESTIMATED
AMOUNT OF VAULT CASU HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DCLLAR-DBNOHINATED TRAVELERS CHECKS OF NONBAIK ISSUERS. TBAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BAIRS, THE U.S. GOVERNMENT AID FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEflS IN THE PROCESS OF COLLECTION AND F.R. FLOAT, LESS THE ESTIMATED AHOUNT OF DEMAND
DEPOSITS HELD AT COHHERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF NON AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BAIKS, AID EDGE ACT
CORPORATIONS. INCLUDES SUPER NOHS OF $40.3 BILLION IN THE WEEK ENDED JUfE 10, $40.3 BILLIOB IN THE MEEK ENDED JUNE 17
AND $39.7 BILLICN IN THE NEEK ENDED JUNE 24.
CONSISTS OF NOW AND ATS BALANCES AT SAVINGS-AND LOAN ASSOCIATIONS AND HCTOAL SAVINGS BANKS, CREDIT ONION SHARE
DP AFT BALAKCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOUS OF $16.9 BILLION IN THE MEEK ENDED JUNE 10, $16.6
BILLION IN THE MEEK ENDED JUNE 17, AND $16.4 BULLION IN THE WEEK ENDED JURE 24.
SUB OF OVERNIGHT RPS AND EURODOLLARS, HONEY MARKET FUND BALANCES (GEHEB IL PURPOSE AND BROKER/DEALER), HMDAS AND SAVINGS
AND SMALL TIME DEPOSITS LESS THE RSTIHATED AHOUNT OF DEHAND DEPOSITS ANC VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM FPS AND EURODOLLARS OF U.S. RESIDENTS, HONEY HAPKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY
HONEY MARKET MUTUAL FUNDS.
CONSISTS OF OVPRNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL CANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
HONEY HARK*? MUTUAL FUNDS <GFNFRAL POPFOSE AND BPOKER/DEALEP).
ISSUED BY FOREIGN EBANCHES Of U.S. BANKS WORLDWIDE TO U.S. RESIDENTS OT IER THAN DEPOSITORY INSTITUTIONS AND
HOMEY MARKET HUT'IAL FUNDS JGENEKU PUPFOSE AND UP.CK




H.6(508)
Table 5-continued

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

Date

1984-HAY

Money iroarket deposit accounts
at
at
thrift
total
commercial
banks
Institutions

at
commerc la 1
banks

JSavings deposits
at
thrift
institutions

total

Small deiwmination time deposits
at
at
thrift
commercial
total
banks
institutions

Large de*KMnlnatlon time deposits'
at
at
commercial
thrift
total
4
banks
Institutions

JUNE

245.3
245.9

154.1
151.9

399.4
397.8

130.2
130.0

173.8
174.4

304.0
304.4

3C2.0
3€7. 1

450.9
457.2

812.9
824.4

243.1
248.5

124.6
129.7

367.7
376.2

JOLT
AUG.
SEPT.

244.9
243.6
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
319.9
364.0

466.6
475.9
483.4

839.3
855.8
867.4

253.5
256.4
259.3

134.6
138.7
138.6

386.0
395.1
397.9

OCT.
NOV.
DEC.

248.2
257.1
267.1

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

316.2
317.1
3€7.6

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-JAN.
FEB.
BAB.

280.4
289.3
294.0

153.2
159.0
163.9

433.7
448.4
457.9

121.1
120.4
120.6

165.7
166.5
168.2

286.9
286.9
288.8

3 €6. 3
364.1
3€3.7

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
423.0

APR.
HAI

295.9
298.2

164.4
165.5

460.3
463.7

120.9
121.7

169.3
170.2

290.2
291.9

363.9
365.2

495.6
495.4

879.4
880.5

270.3
269.9

153.4
156.0

423.7
425.9

•EEK ENDING
1985
HAT

JUNE

1/
2/
3/
4/

6
13
20
27

294.6
296.7
298.6
300.3

121.2
121.6
121.8
121.9

314.6
3€4.8
3 C5. 2
315,8

269. <
270.1
269.'
270.

3
10
17 P
24 P

303.0
306.1
307.7
307.9

122.4
123.3
123.2
123.1

3t5.8
366.0
3C6.4
386.5

269. (
268.<
267. I
266.3

SAVINGS DEPOSITS EXCLUDE BflDAS.
SHALL DENOMINATION TIHE DEPOSITS — INCLUDING RETAIL FPS — ARE THOSE IS30ED II AHO0PTS OF LESS THAR $100,000. ALL
INDIVIDUAL BETIBEHENT ACCOUNTS (IRA) AND REOGH ACCOUNTS AT COHHERCIAL BAIKS AND THRIFTS ARE SUBTRACTED PROH SHALL
TIME DEPOSITS.
LARGE DENOMINATION TIHE DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR HORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING PACIIITIFS (IBF5).
LAfiGE DENOMINATION TIRE DEPOSITS AT COBHERCIAL BANKS LESS THOSE BM.D BTffONETHARKBT HUTOAL FUNDS, DEPOSITORY
INSTITUTIONS AND FOREIGN FiANKS AND OFFICIAL INSTITUTIONS.




H.6(S08)
MOW 9*»COntinosd

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billiont of dollars, not seasonally adjusts*
WITO nrt
Institution
only monsy
marks* funds

O«tt

at cofnmsfclal
banks

at tnrift
Institutions

total

Itrm
Eurodollars*

Savtnft
bonds

NonMSCo mponantsofl
SnOft'tSfffl
Banfcsrs
treasury
acosptanoas4
•sewrtti**'

CBinptnsnlB sf Osbt
Cammsnolal
rvopw owui

Non-Fsdsraf*
dsfet

#5.3
U5.7

32.0
29.2

27.5
30.0

59.5
59.2

93.0
89.3

72.6
72.8

238.8
249.1

45.7
47.2

152.1
158.3

1248.7
1255.8

4240.7
4291.9

JOLT
AUG.
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
4 376.3
4419.2

OCT.
NOV.
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.
FEE.
BAB.

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
8 1.3
84.5

74.6
74.9
75.3

275.2
280.7
288.3

42.0
•2.7
43.2

157.3
164.2
167.7

1383.1
1397.4
1412.0

4627.4
4655.4
4689.4

APB.
HAY

59.6
63.5

35.2
33.4

36.8
35.4

71.9
68.8

80.3
80.1

75*6

284.1

42.6

169.3

1427. 1

4734.1

60.9
62.7
62.8
65.8

31.7
32.1
34.1
35.3

65.8
65.5
67.0
69.2

33.7
33.4
32.5
33.5

1984-HAI
JUNE

BEBK ENDING:
1985-HAY

6
13
20

27
JOIE

3
10
17 P
24

V

P

TEBN BPS ABE THOSE KITH ORIGINAL HATOBITIES 6BEATEB TBAN ONE DAY, EXCLUDING CORTmOIHG COBTBACTS AID BET AIL BPS.
A RELATIVELY SHALL AMOUNT OP OVERNIGHT BPS AT THRIFT INSTITUTIONS.

INCLUDES

2/ TERM EURODOLLARS ABE THOSE HITH OBIGIMAL HATUBITIES GREATER THAN OME DAT. CONSISTS OP THOSE ISSUED TO U.S. BESIDEBTS BY
FOREIGN BRANCHES OF U.S. BANKS HOBLDNIDE AND BY ALL BANKING OFFICES IN TIE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITORY INSTITUTIONS AND MONEY BABKET HOTOAL FUNDS.
3/ CONSISTS OF U.S. TREASURY BILLS AND COUPONS WITH REMAINING HATUBITIES OF LESS THAN 12 HONTHS HELD BY OTHEB THAN DEPOSITOBY
INSTITUTIONS, FEDERAL PESEPVE BANKS, HONEY HARKET MUTUAL FUNDS. AND FOREIGN ENTITIES.
4/ NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANK 3, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOHE LOAN BANK SYSTEM AND HONEY HARKFT EUTUAL FflNDS.
5/ TOTAL CCHHEfiCIAL PAPER LESS COMMERCIAL PAPER HELD BY HONEY HARKET MUTUAL FUNDS.
6/ DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING RKD-OF-HOITH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6(508)
Table 6

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

Date

foreign
commercial
banks

foreign
official
institutions

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

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
institutions

money
market
mutual funds

total

8.7
8.6

2.1
2.0

8.2
8.4

2.7
3.9

4.6
3.8

10.0
8.5

17.4
16.2

0.9
0.9

39.4
40.0

52.9
53.9

6.3

6.2

96.6
100.0

JULY
AUG.
SEPT.

8.7
8.4
8.4

2.0
1.9
2.0

tt.4
9.0
9.4

2.8
2.9
3.4

4.0
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.
NCV.
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
1.1
1.0

42.6
43.2
43.8

56.9
57.7
5'i.O

6.2
6.5
6.9

105.7
107.3
109.7

1985-JAN.
FEU.

1.9

2. 1

HAJB.

8.5
0.3
7.5

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
1.1
1.0

45.3
47.0
48.8

61.4
63.1
65.4

7.4
7.7
7.9

114.0
117.9
122.1

APfi.
MAY

7.6
7.8

1.9
2.1

8.5

3.9
3.1

6.6

8.4

11.5
17.8

22.0
27.6

1.0
1.0

53. 5
55.1

69.3e
71.1e

U.5e
8. 7e

131.2e
134.9e

6
13
20
27

7.8
7.9
8.0
7.7

2.3
2.1
2.2
1.9

8.S
0.4
8.4
8.4

4.0
2.5
3.2
2.4

15.7

21.6
21.9
18.2
14.6

42.1
32.4
24.8
20.2

1.0
1.0
1.0
1.0

3
10
17 P
24 P

7.6
<3.2
7.4
7.9

1.9
1.8
2.2
1.9

8.1
8.4

2.8
3.0
4.7
3.5

2.7
2.3
2.0
3.7

15. 2
10.8
11. J
24.5

1.0
1.0
1.0
1.0

1984-WAY
JUKE

HEEK

1985
HAY

JUNE




1.8

3.0

6.7

ENDING:

8.3
8.3

8.0
3.5
3.2

o.e
5.4
4.7
17.3

.... _. .._...