Full text of H.6 Money Stock Measures : June 11, 1992

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

sXolSOy*

FEDERAL RESERVE statistical release
•?f£f^?r--

H.6 (508)
Table 1

fylONEY STOCK, LIQUID ASSETS, AND DEBT MEASURE^

JUNE 11, 1992

Billions of dollars
Date

Ml ]

M2 2

DEBT5

M3 3
Seasonally adjusted

1990-JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

809.7
810.1
816.2
822.9
822.3
823.8
826.1

3292.3
3300.2
3315.8
3331.0
3334.5
3333.7
3339.0

4083.
4090.
4106.
4115.
4117.
4115.
4114.

4927.3
4930.1
4939.4
4964.2
4962.5
4960.2
4966.6

10437.6
10499.4
10564.2
10616.5
10653.9
10707.3
10747.0

1991-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

826.2
836.2
842.3
842.7
850.9
857.3
860.0
866.5
872.0
880.9
891.4
898.1

3344.0
3369.4
3386.9
3394.8
3405.6
3411.8
3407..4
3409..5
3411..5
3417..3
3430..9
3438..9

4125.8
4160.2
4165.9
4168.8
4170.5
4167.
4157.
4156.
4152.
4158.
4166.8
4170.9

4981.8
5008.7
5004.2
4978.4
4958.3
4986.4
4991.5
4985.1
4974.2
4977.3
4989.8
4987.7

10776.0
10825.4
10862.8
10883.9
10934.0
10983.5
11017.4
11056.6
11094.7
11134.8
11175.1
11199.7

1992-JAN.
FEB.
MAR.
APR.
MAY p

910.4
931.0
939.0
942.9
954.4

3448.0
3475.5
3474.0
3467.6
3468.5

4174.9
4200.6
4191.4
4178.0
4175.8

4983.0
5016.2
5028.4
5022.9 p

11227.4
11269.4
11318.8
11368.0 p

Not seasonally adjusted
1990-JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

810.4
812.5
814.2
818.7
817.6
826.1
844.1

3288.5
3303.7
3315.6
3323.8
3330.4
3336.9
3351.9

4080.8
4092.4
4109
4108
4109
4118
4124

4916.0
4921.6
4934.3
4956.0
4953.7
4967.8
4986.4

10388.6
10450.5
10512.8
10568.8
10617.2
10679.3
10734.2

1991-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

832.7
823.4
835.0
853.0
841.7
858.1
862.3
864.5
867.4
875.5
893.9
917.3

3351.3
3358.3
3388.4
3410.8
3388.7
3408..0
3410..5
3409..1
3403..7
3412..7
3434..2
3452.8

4129.7
4150.8
4171.
4183.
4156.
4165.
4158.
4160.
4144.
4149.
4169.
4181.

4999.8
5003.5
5011.5
4990.9
4943.3
4974.5
4983.0
4979.7
4965.1
4967.1
4997.2
5007.9

10764.2
10795.8
10825.8
10843.8
10887.6
10933.9
10966.8
11004.8
11048.7
11096.2
11143.6
11186.3

1992-JAN.
FEB.
MAR.
APR.
MAY p

918.2
916.8
930.8
954.8
944.1

3455.9
3462.8
3474.6
3485.7
3450.8

4180.0
4190.1
4196.4
4194.8
4161.5

5001.1
5009.5
5035.3
5037.6 p

11215.0
11237.0
11281.5
11331.2 p

Footnotes appear on the following page,
p—indicates preliminary data.




H.6 ( 5 0 8 )
Table 2

MONEY STOCK AND DEBT MEASURES
Percent change at seasonally adjusted annual rates

Ml

M2

M3

Debt 1

3 Months from FEB. 1992 TO MAY

1992

10.1

-0.8

-2.4

5.0

6 Months from NOV. 1991 TO MAY

1992

14.1

2.2

0.4

4.2

1992

12.2

1.8

0.1

4.4

12 Months from MAY

1991 to MAY

Thirteen weeks ending JUNE 1, 1992
from thirteen weeks ending:

MAR.

2, 1992 (13 weeks previous)

14.1

1.7

-0.1

DEC.

2, 1991 (26 weeks previous)

14.5

2.9

1.0

3, 1991 (52 weeks previous)

11.8

2.2

0.3

JUNE
1.

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely,
January 1992 to April 1992, October 1991 to April 1992, and April 1991 to April 1992, respectively.

1.

Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions)
(2) travelers checks of nonbank issuers} (3) demand deposits at all commercial banks other than those due to depository
institutions, the U.S. government, and foreign banks and official institutions, less cash items in the process of collection
and Federal Reserve float* and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOH) and
automatic transfer service (ATS) accounts at depository institutions, credit union snare draft accounts and demand deposits
at thrift institutions. Seasonally adjusted Ml is calculated by summing currency, travelers checks, demand deposits, and
OCDs, each seasonally adjusted separately.
Consists of Ml plus overnight (and continuing contract) RPs issued by all depository institutions and overnight Eurodollars
issued to U.S. residents by foreign branches of U.S. banks worldwide, savings deposits (including money market deposit accounts))
small-denomination time deposits (time deposits—including retail RPs—in amounts of less than $100,000), and balances
in both taxable and tax-exempt general purpose and broker/dealer money market mutual funds. Excludes individual retirement
account (IRA) and Keogh balances at depository institutions and money market funds. Also excludes all balances held by
U.S. commercial banks, money market funds (general purpose and broker/dealer), foreign governments and commercial banks,
and the U.S. government. Seasonally adjusted M2 is computed by adjusting its non-Mi component as a whole and then
adding this result to seasonally adjusted Ml.
Consists of M2 plus large-denomination time deposits (in amounts of $100,000 or more) and term RP liabilities issued
by all depository institutions, term Eurodollars held by U.S. residents at foreign branches of U.S. banks worldwide
and at all banking offices in the United Kingdom and Canada, and balances in both taxable and tax-exempt institution-only
money market mutual funds. Excludes amounts held by depository institutions, the U.S. government, money market funds,
and foreign banks and official institutions. Also subtracted is the estimated amount 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 of domestic nonfinancial sectors consists of outstanding credit market debt of the U.S. government, state and local
governments and private nonfinancial sectors. Private debt consists of corporate bonds, mortgages, consumer credit
(including bank loans), other bank loans, commercial paper, bankers acceptances and other debt instruments.
The data are derived from the Federal Reserve Board's flow of funds accounts. All data on debt of domestic nonfinancial
sectors are presented in month-averaqe form, derived by averaging adjacent month-end levels. These data have also
been adjusted to remove statistical discontinuities that may arise in the underlying flow of funds statistics. The
presentation of debt data in this release differs, therefore, from the quarterly flow of funds statistics contained in the
Federal Reserve releases Z.7 and Z.l. In those releases, published levels of credit market debt are measured on a quarter-end
basis and include discontinuities.

Footnotes to Table 1

2.

3.

4.
5.




H.6 ( 5 0 8 )
T able 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjus ted

Ml
Period ending

13-week
average

4-week
average

M3

M2
week
average

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

1992-MAR.

9
16
23
30

917.0
920.5
923.6
926.3

935.3
938.2
939.3
939.4

939.8
943.3
938.6
935.7

3458.3
3461.0
3463.3
3465.3

3479.5
3479.8
3478.0
3474.1

3483.3
3479.4
3470.2
3463.4

4184.8
4186.3
4187.4
4188.6

4203.4
4200.0
4198.5
4191.4

4201.5
4200.4
4186.7
4177.0

APR.

6
13
20
27

929.3
931.9
934.6
936.6

939.7
938.9
940.8
942.2

941.2
940.2
945.9
941.6

3467.6
3469.7
3471.4
3472.1

3470.4
3468.0
3468.3
3467.8

3468.7
3469.7
3471.3
3461.4

4190.0
4191.0
4191.2
4190.4

4184.0
4180.1
4178.0
4178.1

4172.0
4184.7
4178.3
4177.5

MAY

4
11
18
25p

938.9
941.1
942.8
944.1

944.7
948.5
950.5
952.9

951.0
955.3
954.0
951.1

3472.7
3472.9
3472.3
3470.9

3468.1
3469.8
3469.4
3468.9

3469.9
3476.5
3469.9
3459.2

4189.4
4188.7
4186.0
4184.5

4179.4
4179.7
4179.9
4178.7

4177.1
4185.9
4179.1
4172.6

lp

945.9

954.8

958.6

3469.9

3468.0

3466.2

4181.1

4174.9

4162.0

JUNE

Not seasonally adjusted

Ml

Period en<ding
1992-MAR.

9

13-week
average

4-week
average

919.5
921.0
921.6
921.9

921.3
925.5
928.7
930.5

M3

M2
week
average

13-week
average

4-week
average

937.8
935.6
923.9
924.7

3459.8
3461.4
3462.6
3464.1

3468.2
3472.0
3474.2
3474.1

13-week
average

4-week
average

week
average

3487.0
3481.4
3464.1
3463.8

4185.4
4186.4
4187.2
4188.6

4194.4
4195.3
4198.9
4196.1

4209.0
4206.6
4185.4
4183.5

week
average

16
23
30
APR. 6
13
20
27
4
MAY
11
18
25p

923.1
925.8
929.9
932.8

935.8
942.6
953.7
956.8

958.8
962.9
968.4
937.1

3466.6
3470.0
3473.1
3474.1

3478.6
3486.1
3494.2
3490.8

3505.0
3511.6
3496.4
3450.1

4191.2
4193.5
4194.9
4194.4

4196.1
4200.7
4204.7
4199.6

4208.9
4224.8
4201.4
4163.4

935.7
937.9
940.0
941.5

953.7
950.4
944.7
943.2

946.5
949.6
945.7
931.1

3474.6
3473.9
3473.1
3471.4

3478.4
3465.7
3455.4
3451.1

3455.3
3460.8
3455.5
3432.9

4193.2
4191.5
4188.6
4187.0

4188.5
4175.6
4166.7
4163.5

4164.2
4173.5
4165.5
4150.6

JUNE

943.7

943.1

945.8

3470.1

3449.2

3447.7

4183.6

4159.9

4150.1

lp

Note: S p e c i a l c a u t i o n should be taken i n i n t e r p r e t i n g week-to-week changes i n money supply d a t a , which are h i g h l y v o l a t i l e and subject to
revision.
p—indicates preliminary data.



co coo

OO^ON
C ^ N H

O H CM
HLflCM

x±o>o
SOIDN
CMCMH

O^r-l^
ON
H O

tfrA
roirtN-vo
O H O H
rs.rs.rs.rN.

K I O H N
NO^^rA
O O O H
Nrs.r^rs.

CMtfCMtf
ifl
ON
so

CO

rs.rv.rs.. N . N

CM CM

om

CM CM CM

ocMtf

CM CM CM CM

CM CM CM CM CM

Nomine* o-ninco N
CM CM ( M M
H W H O
O
in in in in in mm in m

O

CM i n CO K>

mC*OCN

O H N O

O

H

o
o

OONvO

H

fA

CMftCOLfl

rAstCMrA

mmmv± H
mmmm so

O^tfCMO

OsOM^m

p-too^co
m\*\*\t

CM CM

rs.rs.r-s.tf

IflNCM

tft

tftftf
tfpAro
N-r^r^ N N N

tftflfl

NrAsO
O vO

o N i n
4 - o m \tmco
sOlftO S H
cMtftf NrACr* soo^o
p A t f PA C M H
iniXlun
\tstpA
hApAtf
m m m m m m mmm in in in mm
CM CM CM
CM CM CM
CM CM CM

LOCOED
OMJON

PAtftf mm

CM M3 N

N-r>»

PAPAPAPA

HUlsO

roin^

PAPAPAPA

CO CO CM

O O H
0s 0s

PAPA

HM3CM

NNCO
0s 0s 0s

PAPAIA

CMOOvO

NNCO
CO 0** Ch"

tfOrA
CMCMrA
PAKAPA

OCsJO^iH

Nsoin
r<sNN

HOC^

COPAN

NrAtf
HpA\*
mm in

sOlflpA
(MNH
OOrH

CSJ CM CSJ

^rvrH

ooo

tANO
HHCM
roroKi

irtiriso
CO CO CO

tfCMCMrA

O^O^CNON

CO CO CO

CMC*

N*CMMJ

cocM

com<t

ONN

>±cMm

N*CMNM3

mOCM

LTINOSD

NtfpApA

CM CM CM CM CM

CMCMCM

rACM

rANinrO
pHrHrHrH
fOfOpApA

mmmm vo

m<^iH
PAPASI"
CM CM CM

ChHN

C0C*tfrH
O O H H
pArApAfA

mmmm

U^OCM
CMCMrA
CMCMCM

CO M3 m

PAPA

i-im
P^•H

CM CM CM CM

iHCMCM
CM CM CM

rA H SO
rAmC*
O O O

CM CM

O H H
CM CM CM

rHtfrH

CMPAPA

COOC*
hANCr*

co co co co

O O O O

co C O N N

OOOCh

rs.

O

CMCMCM

cococo

O O

O O O

CON

CMCMCM

CMiHO

CMCMCM

COCO CO

vOCOO

NNCO

rococo

5

UJ

ro

O O CM

tfNmpA

COCOCO

so rococo

h-N-rs.

s0N

tfiHCOm
HHCM

tf sO CO

NOPAON
PHCMCM

tftfstm
N N N N
CM CM CM CM

1

• H

CMPAPAPA
rs.rs.hsN
CM CM CM CM

< Z

<
z

rOtf
N N
CM CM

CM

- > U L Z

zcoa ao<uu< a <

O^rHiH
vfiNN
CMCMCM

NCON

CMCMCM

COOC*

CMCMCM

rAsOvO rAroo coorA
sOsON C>iHCM tf M3 N
mmm iflsovo VOM^SO
CMCMCM

rACMH

CMCMCM

HlflM)

rs-rs-h*.

rococo

>tmtn mm

0 s 0 s 0 s ©•"

€0 CO 00

CMCMPA

1AN04-CO

COONN
rs.rs.rs.

2

cococo

iflvoo
HtfvO
mmm
CMCMCM

(JO

.i->o
.
Q . O

O ZO

JCDCL
DDiu

ZCOttT
< U J <

< Z - ) -><</>

c*>z
-)U.Z
0>

-H
(0

1.

o

•H - H X T )

D)
C

13
0)
EPH

•

(0 0)

•**

•H O
•HJC
(A 2
©
(0
1
•** (D
I

•5 x «
3

^H (A
(A

IA"D
(A <D
w

3
(A
•»•!-!
- H —TO
>(0

(A iA

(U"D"D
C C

-H

EX"D 3 3
•fOfll
OJM-s0)P H
OM
H-- "TDD T(0
3 -3H 0) (0
O
-i
X(A
P HQ) O C C "( A
- -^H i 3
-HO
(0 0)13 * - - H
O (A
(A (Q (0 3
C
<D - O
E E
« * * — ^ (A a >
I O O f l U . H > f
-H
C O 3 P H Q) Q)
<A Q) c a r c c ^
i- (A O)0J
C O L
Q) Q) flj^H^H 0 E (0
X O
(0 (G (A
E
• H 0 " D X i - (0 *
O L £
0) Q) (A >
Q . ( 0 - H C «A-H <D
W
4 - Q)
C C
C 0) (A (D 0)(A 0) O
O X 0) (
*-U E

„ i-

-H
_ 0)I
ffl (0
C 'C
H C
o ^i
3 O o
Q)r (0
•O-p* «- -E O
J

T J X Q ) \ *H»O C "O i-flJflJ
X •

TJ —fl»a"D 2 (ox

©u. C O 0)X C *

aojj* IAIIOUIII

-!

<A • a « H
c >
C - H 1(A
O —i
(0 O
O
I ^H
-^
HOO
a C (Q
3• HH
P Ha)
O C
3 H - 4 - .-O
M O
-H
O W
f (A
• M Q ) < - H |A
3 (0
-H >
H - D) +* 0)
(A S. Q)-rn C
«4 (A
C (D U ) i - - ^
•H W D X >
(A
(A
Q)UJ-t-' (0
C •*
>£*
(A
H
O P H C (0 *•
- H (0 (Q
~
•p4 L. A ( A C
(A Q) - H Q) 0) (A (A
o n o < A ' H i - i i - i Q)

X

S *

M

O

a

<D

>

"D

5

13
M
M
M

• HI

g-6
O

• H (A
-H I-

3 O
••'rH
.H O
•H >
(A <0

c i.

>•
L. (A
0 l(A (A
0 <A
Q.*

0)

H- (Q
OX
C
(A 0
•H C

>

D«+(0 O

•o-S

a c

•**-OJO"U<<

aa-H-D

•H
O
(A E (A >
3 £ C O 0) 3 O H
(A
-H-H ( Q L U I A L C
*- (TJ C
O
X O •Hi
• H < A X X (0 (A • I
(A E
(A—I.r*</) C
C Q) •
(OX • O
•n-HCA C X P - Z > • *
c
•Hi • O
-H
(0 (A
•U
D - H - 0 -M- 3
Q)X
CCiOO-H
(A Q)
• H <A * 3 3 - H - H
.*PH
(0 (0 (A
H - . H «A-H
C 0)
—I O ^ - H
(A 1- (A
a > Q) C - H - H O (0 C
1- «A (0TJ 0) Q r H - H
I ( A X 0 ) ^ 0)—«
CO)
i - 1-TJ O >
CO (0
D > H r H O (0 X X
•H
(0
E 0) O
0) *-i-i •>
E t-13
O (A > r - « 3 — i
2-0 Oi . (A
C i - - K (D-KUJ Q)
H- O 0 ) H - C
X
© Q)
••H E*»-< 0»—'TJ
«A-H
E
i
E ^ H C (A
•
O
H
O (TJ
C 3 O X
(0 (0 L.
(0-H O - H " E
(0
•H
(A (A ( A P H
(/)-P-H«H L. Q.»H
• HI
. * (A (0 (0 (O-OCt O
*H E
C C
pH C
U
(0 0
(0—1 (A ( A H (0 E O
t C
x
a © o
t- t0 0)
H O O U ~ 0) 3
TJHD
H I D C C O (A-HUJ
0) I
ni-rH
m (o I - - H
u . S. (A-iH
O H H 3 C *"0
(0 (0. - f 0-p< (0 (0UJ 3 (A C
>r-<
OJtA-p*
l
^
X X
O - K (0
iL. O• (A Q)**"D 0 - H
(0
h3 TDJ O E O C 0 ( / ) C O (A (A - H
(A
Q.E
P - P - (0 (0 O Q . (0 (0

§

rA

\tlflM5

N

(0 0 " D O C
(A-H Q)
(0
(OT3UCL-HU-H13 >
D-K13-H
CC0C(A
X
iC (0 (A (0 (0
O 0) OTO (0
(0
J*
- K Q . E - H 0) C
• D 0 E (A £ 1 1 1 Q ) - H C - H - H
• H E OJ-H I D O O O T O - H 1- a E
(flflJTJ-HjJZZ'H
Q) £ • - •
-P
(A
C - H 0) > ' H r H
3 0 ) C O C H - H - 1- Q) 0 ) 0 - H 0)
0 C-p< 0 . 0 ) 0 O O ^ L
«)L
•H
Q).rH
> i. flJS- Q) Q.
X O T J T J 0) (A (A O ( 0 - H O
O C 0)
1--H-H
E
(A (A
C <0"O"O O (A (AH- H - - H 0) 0)
0)-H 3 C H - . M . H o > 0
C-*'*'
i. ( A P H (0
(A (A
0)
3 (0 (0
1 - - H O E 1 3 C C E C E O O O
3 3 C O ) C 0 0 3 0 3 E-H-H
O O - H Q ( 0 U O C / ) E 0 0 (1J-0-0
£ C
• H*H
I I
I I
Q) £L
PHCM




H.6 (508)
Table 4-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars> seasonally adjusted
Savings deposits 1
At
At
thrift
csommercia.1
banks
institutions

Date

Large-denomination time deposits 3

Small-denomination time deposits2

Total

At
At
thrift
commercial
institutions
banks

Total

General purpose
and broker/dealer
money market funds

Institutiononly money
market funds

At
At
commercial
thrift
banks^
institutions

Total

1991-JAN.
FEB.
MAR.

583.9
590.5
597.1

338.4
340.5
344.6

922.3
931.0
941.7

610.4
616.2
619.5

558.9
553.3
546.4

1169.3
1169.5
1165.9

356.6
361.0
365.0

138.3
145.5
148.5

379.1
385.1
382.1

117.5
114.5
110.8

496.6
499.6
492.8

APR.
MAY
JUNE

602.8
609.6
617.3

350.2
356.6
359.6

953.0
966.1
976.8

617.6
615.9
617.8

542.1
535.0
522.8

1159.7
1150.9
1140.6

366.6
367.8
368.8

152.9
155.2
155.3

379.6
379.2
377.9

108.1
104.3
100.4

487.7
483.5
478.3

JULY
AUG.
SEP.

623.2
630.4
636.7

363.0
363.7
365.7

986.1
994.1
1002.4

617.5
621.2
619.5

512.0
499.6
491.5

1129.5
1120.8
1111.0

367.9
362.4
359.9

155.4
158.6
162.6

373.8
372.0
368.1

97.4
93.5
90.4

471.2
465.5
458.5

OCT.
NOV.
DEC.

645.7
655.4
664.9

369.3
373.3
377.7

1015.0
1028.7
1042.6

614.1
606.4
598.5

481.1
472.8
464.5

1095.2
1079.2
1063.0

359.3
359.5
360.5

168.2
173.6
179.1

362.6
357.1
354.0

87.4
85.1
83.1

450.0
442.3
437.1

1992-JAN.
FEB.
MAR.

676.0
688.9
695.3

385.2
395.0
402.7

1061.2
1083.9
1098.0

587.7
576.2
569.2

455.2
443.7
433.7

1042.9
1019.8
1002.9

360.1
363.9
358.0

182.4
188.2
185.3

346.4
341.7
336.8

81.4
79.1
76.1

427.9
420.7
412.9

703.3
707.7

408.0
414.5

1111.3
1122.2

565.9
557.7

419.5
411.1

985.5
968.8

354.1
355.0

189.2
194.8

331.9
329.8

73.8
71.2

405.7
401.1

6
13
20
27

700.5
704.8
704.5
702.8

406.3
406.6
408.0
409.7

1106.8
1111.5
1112.5
1112.5

567.6
566.9
566.6
564.4

425.3
422.2
418.1
415.8

992.9
989.0
984.7
980.1

352.4
353.6
353.3
355.4

179.8
189.6
187.0
197.0

332.6
332.7
332.9
329.8

74.8
74.3
73.7
73.0

407.4
407.0
406.6
402.8

4
11
18
25p

704.1
708.0
710.0
707.5

412.0
413.9
415.1
415.1

1116.1
1121.9
1125.1
1122.7

562.1
559.7
557.8
556.2

414.0
412.4
411.1
409.9

976.1
972.2
968.9
966.1

357.4
356.7
355.2
353.1

194.1
193.5
196.6
197.4

330.7
331.7
328.8
330.8

72.5
71.9
71.4
70.5

403.2
403.6
400.1
401.3

lp

707.3

415.5

1122.7

554.1

408.8

962.9

353.6

191.4

327.3

70.3

397.6

APR.
MAY P

Week ending
1992-APR.

MAY

JUNE

1.
2.

Savings deposits include money market deposit accounts.
Small-denomination time deposits — includinq retail RPs—are those issued in amounts of less than $100,000. All IRA and Keogh account balances at
commercial banks and thrifts are subtracted from small time deposits.
3.
Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities.
4.
Large-denomination time deposits at commercial banks less those held by money market mutual funds, depository institutions, and foreign banks and
official institutions.
p--indicates preliminary data.




H.6 ( 5 0 8 )
Table 4-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Debt components4

Non-M3 Components of L
Savings
bonds

Short-term
Treasury
securities1

126.9
127.9
129.0

330.5
328.8
323.5

35.
34.
32.

APR.
MAY
JUNE

130,
131.
132.

307,
299,
325,

JULY
AUG.
SEP.

133.
134.
135.

OCT.
NOV.
DEC.

Date
1991-JAN.
FEB.
MAR.

1992-JAN.
FEB.
MAR.
APR.

p

1.

Bankers
acceptances2

Federal
debt

Non-Federal
debt

363.4
357.1
353.8

2509.1
2537.5
2551.5

8266.9
8287.9
8311.3

30.
29.
28.

341.
327.
333.

2547,
2572.
2606.

8336.6
8361.5
8376.8

332.8
330.6
322.9

28.
27,
25.8

339.8
336.3
337.7

2633.
2667,
2694.

8383.8
8389.6
8400.2

136.
137.
137.

321,
323,
315,

25.
24.
23.

336.
337.
339.

2724.
2749.
2767.2

8410.
8425.
8432.

138.9
140.1
141.2

311.1
325.1
336.6

23.
22.
22.

334.8
327.5
337.0

2781.
2797.
2832.

8446.3
8472.1
8486.6

142.4

339.1

21.6

341.7

2863.2

8504.8

Commercial
paper3

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.
2.
Net of bankers acceptances held by accepting banks, Federal Reserve Banks, foreign official institutions. Federal Home Loan Banks,
and money market mutual funds.
3.
Total commercial paper less commercial paper held by money market mutual funds.
4.
Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove
discontinuities.
p--indicates preliminary data.




H.6 ( 5 0 8 )
Table 5

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars> not seasonally adjustea
Nontransactions
components

Other checkable deposits
At
commercial
banks 4

At
thrift
institutions5

Total

In M 2 6

In M3
only 7

Overnight
RPs 8

Overnight
Eurodollars9

84.2
83.4
85.8

297.7
294.9
301.6

2518.6
2535.0
2553.3

778.4
792.5
783.3

52.0
51.4
49.0

19.9
19.0
20.2

222.6
217.2
222.0

89.2
87.7
89.0

311.8
304.9
311.0

2557.8
2547.1
2549.9

772.2
768.1
757.2

50.0
51.3
52.3

19.6
17.2
15.6

280.9
278.8
278.6

223.1
226.9
230.6

89.0
88.3
88.2

312.1
315.1
318.7

2548.2
2544.6
2536.3

748.0
751.0
741.2

51.1
52.8
51.8

13.8
14.5
14.6

8.0
7.7
7.7

283.7
291.1
303.0

232.0
238.1
244.8

88.6
90.7
91.7

320.6
328.8
336.5

2537.3
2540.2
2535.5

736.9
734.9
728.9

53.1
53.5
52.7

16.3
19.5
22.6

267.8
269.5
271.0

7.8
7.8
7.7

300.0
296.4
302.1

250.7
250.5
254.1

91.8
92.7
95.8

342.5
343.2
349.9

2537.8
2545.9
2543.8

724.1
727.4
721.9

54.8
57.1
52.6

21.9
19.4
20.4

273.4
275.7

7.6
7.7

312.9
307.5

261.3
255.7

99.5
97.4

360.8
353.1

2530.9
2506.7

709.1
710.7

51.3
48.5

18.9
17.8

6
13
20
27

273.4
274.3
273.9
272.5

7.7
7.7
7.6
7.6

313.9
315.9
319.6
304.9

262.1
263.9
266.8
256.1

101.6
101.2
100.5
96.0

363.7
365.0
367.3
352.1

2546.2
2548.7
2528.0
2513.0

703.9
713.3
705.0
713.2

53.2
51.9
50.8
50.4

21.3
20.1
18.7
16.9

4
11
18
25p

274.4
276.2
275.2
276.0

7.6
7.6
7.7
7.7

308.7
309.5
311.1
299.5

256.9
257.5
254.7
252.9

99.0
98.8
97.0
95.0

355.9
356.3
351.7
347.9

2508.8
2511.2
2509.8
2501.9

708.9
712.7
710.0
717.6

49.6
49.5
49.6
46.5

16.0
16.9
17.4
19.0

lp

274.9

7.8

309.5

255.8

97.9

353.7

2501.9

702.3

47.9

19.1

Currency 1

Travelers
checks 2

Demand
deposits3

1991-JAN.
FEB.
MAR.

249.8
252.6
255.6

7.8
7.8
7.8

277.4
268.0
270.1

213.6
211.5
215.8

APR.
MAY
JUNE

256.0
257.4
259.1

7.5
7.8
8.1

277.7
271.7
279.9

JULY
AUG.
SEP.

260.8
262.0
261.7

8.5
8.6
8.3

OCT.
NOV.
DEC.

263.1
266.3
270.0

1992-JAN.
FEB.
MAR.

Date

APR.
MAY P

Week ending
1992-APR.

MAY

JUNE

1.
2.

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.
3.
Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions, the U.S. government
and foreign banks and official institutions, less cash items in the process of collection and Federal Reserve float.
4.
Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
5.
Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
6.
Sum of overnight RPs and Eurodollars, money market fund balances (general purpose and broker/dealer), savings deposits (including money market
deposit accounts) and small time deposits.
7.
Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances (institution-only), less the estimated
amount of overnight RPs and Eurodollars held by institution-only money market mutual funds.
Consists of overnight and continuing contract RPs issued by all depository institutions to other than depository institutions and money market
8
mutual funds (general purpose and broker/dealer).
9.
Issued by foreign branches of U.S. banks worldwide to U.S. residents other than depository institutions and money market mutual funds
(general purpose and broker/dealer).
e--indicates estimated data.
p--indicates preliminary data.





-P W

N H

C

0)
3
CL

7TW

3 ro
w •

CTr+0) H>

C M.
rHO
HO
0 0)
3 M
W
s. 0 "
0)
0) 3
3 7T
Q.H.
3
-KQ
0
1 -*
(0 0)
H-0
(Q M>
3 M

3 (0
W T
H-3
H<0)

O"
Q.0
(0 O
•o * •
O (0
W O
HH-0)
O r+"J
< H.
3

C 3"
3 O
OW
W (0

c M.
0) 3
M<Q

3 M>
C C

o

(0 (0

3
O 0
3 "J
(0
< 3
0
3 T
0) (0
-J >.

< o
o

0"O

O"
0)

3

c

0)
O
0
0

7Z
(0
0
(Q
3"

o

0)
3

>

TO

w

CLOW W

W 3 0) * > 3
M"0«-»M 0) M W W
(0 3
l •
WOrf I
W C H.Q)
3 3 1
H-r+-(0 (0
3"W
O * O
W O (0 3 "
(0 - h - 0 O
O W
3"</>W
(0
(0 i-1*"

TTH.3

£U W - * - J r4M W 1 (0
COrffl)
O-(0 3 fl) O
Q) CL
M-0
3
W »—O

-j (0ro3 o
o
QJQ w

(0 C T 3 (0
O
r H O <+•
O H-1 M
3 3-Q) C a
300Q.ID
(0 W r4-»-'"0

I ft)
0) 0) W I -J

w w (0 w 3

D C H ' H ' W H'W
Q) r4-0 O
O
*7 H - 3 3 0) 3 H .
< O
3
3
3 H-r+-Q.r+-0
Q.W H't-"
H'J—•
0) • 3 3 r4-3 C
(DID J I D Q .
Q)
-J
(0
Q.Q.H.Q.
(0 (0 -h(D 3
XI Xi H-XJ O
O O W O 3
WW
W (0
H'H-Q) H * <

O O r - r - 0 COt/)
H - h W Q) 0 3 0)
0 -h-7 T 3 Q I <
0) H<Q(Q 3 M M * - 0 (D (D (0 M - 3
(0 H - i i -j i (Q
W 0) O O O O W
M ( 0 (0 H'(0
XJ
3 3 Q) 3 QL
1 H - 0 0 M O (0
( 0 3 3 3
3X1
M>W H ' H - Q " H - 0
H . H - 3 3 0> 3 W
3 H'Q) Q) 3 0) M -

"0
I
I
H«

"NI-NKMVJ

so

W ^ ^ M

oooo
o^crco

CMMros©

M^^oro

oooo
&i-*\>ii-*

row-P-P

-NlMWM

wwww
MWWW
>JMrvjW

-SJCOWM
VOMCOW

M M M M
SOCOSOCO

WWW W

mo^o^a^
coo^-o

COLMCOW
uiinww

vi co co so

\Q \Q \Q s0

MUisoUi

MH-«roro

o^cro^o^
WUlOs^l

^vi^->i

MMMrv)

O^OSH

wwww
wwwro
WOHvfl

ommw
unnsw

rOMMM
OvOsfi^O

o
o

o

o

o
CO

M
v£>

mmmm
Moi\>m

WWWIM

«\>0^NO^
QXOCOM

sO
M

m

0 o^ o^ vj

in

s

s^ \ 0 \Q \Q

^"vo^ro

rs>

\0

O O M M

o

inonuio^
^O^COO

COsoro-P

^

in
H-»

rororv)H*
MUirv)W

ro
4>

ro-P

4N^
O O

ma^

V|->J
MW

Wvo-P

^ ^ - P
MMI\>

wcovo

Vl-NlCO
^COO

Mso w a ^ o

W W W
W-P-P
SO*»

4^sOM

ins©

WW
WW
M O

MO^CO

v O O ^

W ^

mo

Qs s£) s£

www
ov^m

^ ^ H

ooo
or\>-P

ma>
roo

WIM

crco
m^
com

socoa*

COM

NOVO

w.pin
IM^O»

O M
sOsO

mm mmm
a>m vo-vj>o
O^P mo^in

M O O

r\>M o-viln
roin ocoln
roco inM^"

M M

vivOM

invi

roco-PW

CO-POO

M

O H N H
co^s^-sj

OsOCO

MO

^ ^ ^ ^
O O M M
COCOMO

corow

o^lnro

.P.P.P.P
y-t*-**-'*-*
.PUl-PM

(Js Qs <Jv
sOCO>J

-P
M

•vl^Jvlvl
O M O O
•NjoCPf^
•>IM

o
co
w

>J

rosoo-p

2 >

Olnro-P*

rv>r\>M
vJOWO^

*

71

3
10

(D
3
O

>
"D

i
Z-nC
> m >
ZJQOZ

oo

XI

I\>MM
InCOM-P

>
-<

2

ro

^J-NlVl-Nl
O O M O
OlnW->l

M
•o

m

c
c
z

X
(0
(0
7T

M
^0
sO

wwro

4N^^

w-pin
mMO
msors)

COM^

Co co co
rom^J

-P-P-P

CT^-NI
O-NIO
mcoco

COvOW

v0 sO sO
OW*>4

www
^-g-Nj
soww
->jCom

-Prom

W->J4>

www
mmcr
roo^ro
COsoCo

mmm
>ja>H

K-JH'H'

VJ-NIW

co-vi<r
or\>w

H O ^ ^

w w w

ino^o^
coow

woro

^ M M

mmm
cocovi

t-'y-n-1
t^t-1^
Mroro
OOVO

NWVO

o^rv>o

t-'H'i-t
O O O
ocOsO
WO-NJ

NOVOM
MsOM

o^vjco
^WrO

w w w

^^^

CO-NJM

sococo

mmm

3

H«

3 T r+^•o
W H>
0)
M»

0
0
3
CT3
0) (0 >

CO

<

0)

H«

4N-P-P

^ ^ ^

v0M"M

o^o^

-NICOCO vOvOvO
voinoN wcow
^OOM mow

V|0>vl

OOO
O^vl

www www
-SJCO-NI COCO-NI
vooco N W O ^
M ^ ^ o^so^

wa^vo

t-'^t-*

C0s0r\>

mmm uiin-p
rs>mw wroro

y-*^y-'

roMO

w w w

< M n ^

h-*t-*y-*
)-'h-ti-t
O^-NJ-NJ
o^roro

-Njcoin

mmm
^ m o
CT^-PO

sOCCM

^O^O**
t-n-'h-'
vo-vjro

VIMSO

cho^-vj -Nio^m
^ m w wmo^

w w w

-NI-NJCO

t-»)~-n-'
M M M
WJMji
o^^sico

om-vi

ro w 4^
M W M

-NIINJM

OsOsOs
t-'y-'h-i
m-P-vj

MCO-P

o
o

-

C M-H-

H-zr

H-H-

w

3

0)

W O

0
0"3
0) 3
3 (0 >

o

< 0 < H/+> rt3 C
- K 0 «-•C 3 H.
3 (0 O
OX 3
W
I

3
M
0) O 3
-J 3 W

3
O 0)
3 3 Q
(0 0 . ( 0
<
3
O"(0
3 1 "J
0) 0 0)
"7 7 T M ^•(0
Q TXI
rH\C
CL"?
-+»(DXJ
CD)0
3 MW
0 . ( 0 (D
W T

H-3"
H--J >

W H0)

3
CT3
0) (0 >
3 "J r+-

w

0
3

W
(A

o
w

CL
(0
XJ

3
(0

H'

w

0

3
w
r+f4(0
www www
M-X
o ^ m m - P W W H--J > w
*-*&*-* mcoa«
C M-rfrCL
H--K
(0
M ^ ^ ^-sico
H-rH
XI

owso

&&[n mmm

MCOW

•Nisoro

^^^

s
^C,»O
i-tr^t-1
voo-g

o\jtso

m^O*"
vOOM
coo^in

•vjinw

rooo

o^o4^

<TO«ON

i
2 " n L
> m >
73CDZ
. . .

OsOvO
VOVONO
vO^Ovfi
OvOso
Coa>m - P r ^ M
M O ^ OMmcr W O ^ N

wwi^'
a>c^o^
m^-P
MO^-NI

www
•xj-vicr
o^wco
wra-Ni

O O O
wr\>M
cocow

COVOM

UIMO^

o^<r^

C/)>C L 2 >
m c c
0 " 0
TJOrZ-<73
- < m -

&\*<y

rom^

<MJI-P

o^o^

O Z O
m o o
0 < H

H.

w #

CO

D
m
CD
H

H
(/>
>
Z
D

m

(A

>
in

c

o

(0 T T

>
^O

a? m

0) O
WX

w

M ^ i

(0

»-Z c

0 21 3

om

0O8-

(0 ^

cro^

o Si m
3 -n ^ o
w u i co

H.-3P

M*0

H.6 (508)
Table 5-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Term RPs 1
At
At
ccommercial
thrift
banks
institutions

Date

Debt components6

Non-M3 Components of L

Total

Term
Eurodollars2

Savings
bonds

Short-term
Treasury
securities3

Bankers
acceptances4

Commercial
paper5

Federal
debt

Non-Federal
debt

1991-JAN.
FEB.
MAR.

48.4
48.5
48.1

40.3
38.2
35.4

88.7
86.7
83.5

69.2
69.8
68.2

126.8
127.9
129.1

339.6
330.3
324.5

36.1
34.3
31.5

367.7
360.3
354.7

2510.8
2540.7
2553.4

8253.5
8255.1
8272.4

APR.
MAY
JUNE

49.1
48.3
49.1

33.1
32.1
29.3

82.2
80.4
78.4

65.2
62.3
61.6

130.4
131.6
132.7

302.8
292.1
313.9

30.1
28.7
27.8

344.5
334.0
334.9

2544.5
2560.6
2586.4

8299.3
8327.0
8347.5

JULY
AUG.
SEP.

49.6
48.9
48.1

29.2
29.4
28.6

78.8
78.4
76.7

62.7
63.6
61.5

133.6
134.3
135.0

324.2
325.0
323.9

27.9
27.2
25.5

338.8
333.1
335.8

2609.3
2642.9
2673.1

8357.4
8361.9
8375.5

OCT.
NOV.
DEC.

48.9
48.0
47.0

26.6
25.6
23.8

75.5
73.6
70.9

62.8
61.9
57.7

135.9
136.8
137.7

325.1
332.4
328.3

25.1
25.2
24.5

331.5
333.8
335.8

2707.6
2740.8
2765.0

8388.5
8402.8
8421.3

1992-JAN.
FEB.
MAR.

48.1
48.8
50.9

22.8
23.3
22.8

70.8
72.0
73.7

55.7
56.3
58.7

138.8
140.1
141.4

319.9
326.2
337.7

23.7
22.7
21.8

338.7
330.4
338.0

2782.5
2799.1
2834.7

8432.5
8437.9
8446.8

50.4
50.0

21.9
21.7

72.3
71.7

57.3
55.9

142.7 p

333.9 p

21.2 p

345.0 p

2863.5 p

8467.7 p

6
13
20
27

50.5
49.9
50.4
50.7

21.7
22.0
22.1
22.0

72.1
71.9
72.5
72.7

57.7
57.2
57.1
56.6

4
11
18
25p

50.3
50.8
49.9
50.1

21.6
22.0
21.9
22.0

71.9
72.7
71.7
72.1

58.5
55.5
56.1
54.7

lp

48.9

21.1

70.0

55.7

APR.
MAY |?

Neek endii">g
1992-APR.

MAY

JUNE

Term RPs are those with original maturities greater than one day, excluding continuing contracts and retail RPs.
Term Eurodollars are those with original maturities greater than one day. Consists of those issued to U.S. residents by foreign branches of
U.S. banks world-wide and by all banking offices in the United Kingdom and Canada. Excludes those held by depository institutions and
money market mutual funds.
Consists of U.S. Treasury bills and coupons with remaining maturities of less than 12 months held by other than depository institutions,
Federal Reserve Banks, money market mutual funds, and foreign entities.
Net of bankers acceptances held by accepting banks, Federal Reserve Banks, foreign official institutions, Federal Home Loan Banks, and money
market mutual funds.
Total commercial paper less commercial paper held by money market mutual funds.
Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities,
-indicates preliminary data.




H.6 ( 5 0 8 )
Table 6

MEMORANDUM ITEMS

10

Billions of dollars> not seasonally adjusted

Demand deposits
at banks due to

Date

Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

Note balances
at depository
institutions

Total
cash
balance

Time and
savings
deposits
At
At
sits
at commercial commercial
thrift
banks
banks
institutions
132.1
133.6
135.3

133.5
134.0
134.5

43.5
43.5
44.0

309.1
311.1
313.8

4,
5.
6.

15.
16,
18.

25.1
25.4
29.9

137.3
138.9
140.3

135.2
135.5
135.4

44.3
44.9
43.9

316.7
319.3
319.6

6.
5.
7.

17,
13,
21,

27.
22.
34.

141.8
143.1
144.4

134.6
133.2
131.6

42.2
42.8
43.3

318.5
319.1
319.4

5.
6.
7.

25,
24.
20.

34.
34.
32.8

145.9
147.0
147.7

131.2
131.2
131.2

43.4
43.0
42.3

320.5
321.3
321.2

1.7
1.6
1.5

27.
20,
15.

40.
31.
25.

148.3
148.4
147.8

130.9
129.7
128.8

42.1 e
42.3 e
42.5 e

321.3 e
320.4 e
319.1 e

1.5
1.5

11.9
16.8

22.
26.

148.4
148.7

127.9 e
127.1 e

42.3 e
41.9 e

318.5 e
317.8 e

APR.
MAY
JUNE

8.5
8.2
7.6

JULY
AUG.
SEP.

8.0
7.9
7.8

OCT.
NOV.
DEC.

7.7
7.9
8.1

1.5
1.5
1.7

1992-JAN.
FEB.
MAR.

8.3
7.6
7.6
7.9
7.9

4.5
5.1
5.7

4.9
4.2
5.1

4.8

7.
11.
6.

Meek ending

MAY

JUNE

6
13
20
27

8.2
7.6
8.3
7.6

9.7
5.8
6.6
19.8

19,
14,
20
30.8

4
11
18
25p

7.8
7.6
7.6
7.7

23
18
14
15

34,
26.
24.
23.

lp

8.8

15.3

25.3

1.5

e—indicates estimated data,
p—indicates preliminary data.




Total

37.2
50.8
35.1

9.3
8.2
8.0

1992-APR.

At
money
market
funds

24.5
35.1
23.3

1991-JAN.
FEB.
MAR.

APR.
MAY P

IRA and Keogh Accounts

U.S. government deposits

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

6.5

4.6

5.4

2.6