Full text of H.6 Money Stock Measures : June 18, 1992
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FEDERAL RESERVE statistical release £ — ttrca. i H.6 (508) Table 1 MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES, JUNE 18, 1992 Billions of dollars Date M1J M2 2 DEBT 5 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. 4930. 4939. 4964. 4962. 4960, 4966. 10437. 10499. 10564. 10616. 10653. 10707. 10747. 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 3409 3411 3417 3430 3438 4125.8 4160.2 4165.9 4168.8 4170.5 4167. 4157. 4156. 4152. 4158. 4166.8 4170.9 4981.8 5008. 5004. 4978. 4958. 4986. 4991. 4985. 4974. 4977. 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 910.4 931.0 939.0 942.9 954.3 3448.0 3475.5 3474.0 3468.0 3469.2 4174.9 4200.6 4191.3 4177.8 4176.1 4983.0 5016.2 5028.4 5022.6 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 4171.6 4183.0 4156 4165 4158 4160 4144 4149 4169 4181 4999.8 5003.5 5011.5 4990.9 4943 4974 4983 4979 4965 4967 4997 5007 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 3486.0 3451.5 4180.0 4190.1 4196.4 4194.5 4161.8 5001.1 5009.5 5035.3 5037.3 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] 3 Months from FEB. 1992 TO MAY 1992 10.0 -0.7 -2.3 5.0 6 Months from NOV. 1991 TO MAY 1992 14.1 2.2 0.4 4.2 1992 12.2 1.9 0.1 4.4 12 Months from MAY 1991 to MAY Thirteen weeks ending JUNE 8, 1992 from thirteen weeks ending: MAR. 9, 1992 (13 weeks previous) 13.1 1.2 -0.6 DEC. 9, 1991 (26 weeks previous) 14.3 2.7 0.9 JUNE 10, 1991 (52 weeks previous) 11.8 2.1 0.2 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. Footnotes to Table 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 (NON) and automatic transfer service (ATS) accounts at depository institutions, credit union share 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-average 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. H.6 ( 5 0 8 ) Table 3 MONEY STOCK MEASURES B i l l i o n s of d o l l a r s Seasonally adjus ted Ml Period en<ding 1992-MAR. 16 23 30 13-week average 4-week average 920.5 923.6 926.3 938.2 939.3 939.4 M3 M2 13-week average 4-week average 943.3 938.6 935.7 3461.0 3463.3 3465.3 3479.8 3478.0 3474.1 week average week average 13-week average 4-week average 3479.4 3470.2 3463.4 4186.3 4187.4 4188.6 4200.0 4198.5 4191.4 4200.4 4186.7 4177.0 week average 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 3467.7 3469.7 3471.5 3472.2 3470.5 3468.1 3468.5 3468.1 3468.8 3470.0 3471.6 3461.9 4190.0 4191.0 4191.1 4190.3 4184.0 4180.0 4177.8 4178.0 4172.0 4184.4 4177.6 4177.8 MAY 4 11 18 25 938.9 941.1 942.8 944.1 944.7 948.5 950.5 952.9 951.0 955.3 954.0 951.1 3472.8 3473.1 3472.5 3471.2 3468.5 3470.3 3470.0 3469.6 3470.5 3477.0 3470.5 3460.3 4189.3 4188.6 4185.9 4184.4 4179.1 4179.5 4179.9 4178.7 4176.7 4185.8 4179.1 4173.3 945.9 947.1 954.7 954.8 958.4 955.8 3470.3 3469.1 3468.7 3466.3 3467.1 3467.1 4181.2 4178.9 4175.3 4171.8 4162.9 4171.9 JUNE lp 8p Not seasonally adjusted Ml Period en<ding 13-week average 4-week average 1992-MAR. 16 23 30 921.0 921.6 921.9 925.5 928.7 930.5 M3 M2 week average 13-week average 4-week average 935.6 923.9 924.7 3461.4 3462.6 3464.1 3472.0 3474.2 3474.1 13-week average 4-week average 3481.4 3464.1 3463.8 4186.4 4187.2 4188.5 4195.3 4198.9 4196.1 4206.6 4185.4 4183.5 week average week average APR. 6 13 20 27 923.1 925.8 929.9 932.8 935.8 942.6 953.7 956.8 958.8 962.9 968.4 937.1 3466.6 3470.0 3473.1 3474.2 3478.6 3486.2 3494.4 3491.1 3505.1 3511.8 3496.8 3450.6 4191.2 4193.5 4194.8 4194.3 4196.1 4200.6 4204.4 4199.4 4208.9 4224.5 4200.6 4163.6 MAY 4 11 18 25 935.7 937.9 940.0 941.5 953.7 950.4 944.7 943.2 946.5 949.6 945.7 931.1 3474.7 3474.1 3473.4 3471.7 3478.8 3466.2 3456.0 3451.8 3455.9 3461.3 3456.1 3434.0 4193.0 4191.4 4188.5 4187.0 4188.1 4175.4 4166.6 4163.5 4163.8 4173.5 4165.5 4151.2 943.7 945.7 943.0 946.5 945.5 963.8 3470.5 3469.5 3450.0 3453.0 3448.7 3473.3 4183.6 4181.4 4160.3 4162.1 4150.9 4180.8 JUNE lp 8p 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 data> which are h i g h l y v o l a t i l e and subject to revision. p—indicates preliminary data. 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H 0 > 0 " L I A H (0 (A IA rO 1--H 0 ETJ C C E 33CQJC003 u o - • H•Q - ( 0 O U < / ) EC/) ( 0 U 1CM COON SNN Neek ending H.6 (508) Table 4-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, seasonally adjusted Savings deposits 1 banks At thrift 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. Z 619.5 APR. MAY JUNE 602.8 609.6 617.3 350.2 356.6 359.6 953.0 966.1 976.8 JULY AUG. SEP. 623.2 630.4 636.7 363.0 363.7 365.7 OCT. NOV. DEC. 645.7 655.4 664.9 1992-JAN. FEB. MAR. At Large-denomination time deposits 3 Small-denomination time deposits*- At At thrift commercial 4 institutions banks Total 558.9 553.3 546.4 1169.3 1169.5 1165.9 356.6 361.0 365.0 138.3 145.5 148.5 379.1 385.1 382.1 117.5 114.5 110.8 496.6 499.6 492.8 617.6 615.9 617.8 542.1 535.0 522.8 1159.7 1150.9 1140.6 366.6 367.8 368.8 152.9 155.2 155.3 379.6 379.2 377.9 108.1 104.3 100.4 487.7 483.5 478.3 986.1 994.1 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 90.4 471.2 465.5 458.5 369.3 373.3 377.7 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 83.1 450.0 442.3 437.1 676.0 688.9 695.3 385.2 395.0 402.7 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 76.1 427.9 420.7 412.9 703.3 707.8 408.0 414.5 1111.3 1122.3 565.9 557.9 419.5 411.1 985.5 968.9 354.1 355.0 189.2 194.8 331.9 329.9 73.8 71.2 405.7 401.2 1992-APR. 13 20 27 704.8 704.5 702.8 406.6 408.0 409.7 1111.5 1112.5 1112.5 566.9 566.6 564.4 422.2 418.1 415.8 989.0 984.7 980.1 353.6 353.3 355.4 189.6 187.0 197.0 332.7 332.9 329.8 74.3 73.7 73.0 407.0 406.6 402.8 MAY 704.1 708.0 710.0 707.5 412.0 413.9 415.1 415.2 1116.1 1121.9 1125.1 1122.7 562.1 559.8 557.8 556.3 414.0 412.4 411.1 409.9 976.1 972.2 969.0 966.2 357.4 356.7 355.2 353.1 194.1 193.5 196.6 197.4 330.7 331.7 328.8 330.8 72.5 71.9 71.4 70.6 403.2 403.6 400.1 401.4 707.6 709.8 415.4 415.7 1123.0 1125.5 554.6 552.9 408.8 407.9 963.4 960.8 353.6 353.7 191.4 196.2 327.7 329.3 70.4 70.0 398.0 399.3 Date APR. MAY P At At commercial thrift banks institutions Institutiononly money market funds General purpose and broker/dealer money market funds <sommercia.1 Total Heek ending JUNE 4 11 18 25 lp 8p Savings deposits include money market deposit accounts. Small-denomination time deposits — including 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. Large-denomination time deposits are those issued in amounts of $100,000 or more,- excluding those booked at international banking facilities. 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. 1. 2. 3. 4. H.6 (508) Table 4-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars> seasonally adjusted Debt components 4 Non-M3 Components of L Savings bonds Short-term Treasury securities1 Bankers acceptances2 1991-JAN. FEB. MAR. 126.9 127.9 129.0 330.5 328.8 323.5 35.3 34.6 32.1 APR. MAY JUNE 130.1 131.3 132.4 307.3 299.5 325.1 JULY AUG. SEP. 133.5 134.4 135.2 OCT. NOV. DEC. 1992-JAN. FEB. MAR. Date APR. p 1. Federal debt Non-Federal debt 363.4 357.1 353.8 2509.1 2537.5 2551.5 8266.9 8287.9 8311.3 30.6 29.1 28.1 341.6 327.9 333.0 2547.4 2572.5 2606.7 8336.6 8361.5 8376.8 332.8 330.6 322.9 28.1 27.2 25.8 339.8 336.3 337.7 2633.5 2667.0 2694.4 8383.8 8389.6 8400.2 136.1 137.1 137.9 321.0 323.4 315.9 25.3 24.5 23.3 336.2 337.9 339.7 2724.2 2749.9 2767.2 8410.6 8425.2 8432.5 138.9 140.1 141.2 311.1 325.1 336.6 23.2 22.9 22.2 334.8 327.5 337.0 2781.0 2797.3 2832.2 8446.3 8472.1 8486.6 142.4 339.1 21.6 341.7 2863.2 8504.8 Commercial paper 3 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 tunds, 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 adjusted Nontransact ions components Other checkable deposits ; Date t' Currency 1 Travelers checks 2 Demand deposits3 At commercial banks 4 At thrift institutions5 Total In M2 6 In M3 only7 Overnight RPs 8 Overnight Eurodollars9 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 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 APR. MAY JUNE 256.0 257.4 259.1 7.5 7.8 8.1 277.7 271.7 279.9 222.6 217.2 222.0 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 JULY AUG. SEP. 260.8 262.0 261.7 8.5 8.6 8.3 280.9 278.8 278.6 223.1 226.9 230.6 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 OCT. NOV. DEC. 263.1 266.3 270.0 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 1992-JAN. FEB. MAR. 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 2543.8 724.1 727.4 721.8 54.8 57.1 52.6 21.9 19.4 20.4 273.4 275.7 7.6 7.7 312.9 307.5 261.3 255.8 99.5 97.3 360.8 353.1 2531.2 2507.5 708.5 710.2 51.7 49.2 18.9 17.7 1992-APR. 13 20 27 274.3 273.9 272.5 7.7 7.6 7.6 315.9 319.6 304.9 263.9 266.8 256.1 101.2 100.5 96.0 365.0 367.3 352.1 2548.9 2528.3 2513.5 712.7 703.9 713.0 52.1 51.2 50.9 20.1 18.7 16.9 MAY 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 2509.3 2511.7 2510.4 2502.9 707.9 712.1 709.4 717.3 50.1 50.0 50.1 47.4 16.0 16.9 17.4 19.0 274.8 278.4 7.8 7.9 e 309.4 313.3 255.8 262.9 97.7 101.3 353.5 364.2 2503.2 2509.6 702.2 707.4 48.7 50.0 18.8 17.1 APR. MAY P Neek ending JUNE 4 11 18 25 lp 8p 1. 2. Currency outside U.S. Treasury* Federal Reserve Banks and the vaults of depository institutions. Outstanding amount of U.S. dollai—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 foreiqn 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. 8. Consists of overnight and continuing contract RPs issued by all depository institutions to other than depository institutions and money market mutual funds (general purpose and 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. H.6 (508) Table 5-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, not seasonally adjusted Savings deposits 1 At At thrift commercia,1 institutions banks Date Sma11-denomina t ion time deposits2 Total At At Commercial thrift institutions banks Total Large-denomination time deposits 3 General purpose InstitutionAt , At and broker/dealer only money commercial thrift 4 money market funds market funds banks institutions Total 1991-JAN. FEB. MAR. 581.1 587.4 598.4 336.8 338.7 345.4 917.9 926.1 943.7 612.1 617.8 619.9 560.5 554.8 546. 7 1172.6 1172.5 1166.6 356.2 365.9 373.8 142.5 152.1 153.1 376.6 383.9 382.6 116.7 114.1 110.9 493.3 498.0 493.5 APR. MAY JUNE 604.9 609.3 620.0 351 > 361.1 956.4 965.8 981.1 617.1 614.2 615.7 541.7 533.5 521.0 1158.8 1147.7 1136.7 373.0 365.1 364.2 153.9 155.6 152.3 378.4 380.4 379.1 107.7 104.6 100.7 486.1 485.0 479.9 JULY AUG. SEP. 626.1 631.9 635.8 364.7 364.6 365.1 990.9 996.5 1001.0 617.3 620.8 619.1 511.9 499.3 491.2 1129.2 1120.0 1110.3 363.3 360.7 358.7 151.5 156.2 157.4 373.5 373.8 369.7 97.3 93.9 90.8 470.8 467.8 460.5 OCT. NOV. DEC. 644.6 655.3 662.4 368.7 373.2 376.3 1013.3 1028.5 1038.7 615.2 606.9 598.7 482.0 473.2 464.6 1097.1 1080.1 1063.4 357.4 358.6 358.1 163.4 172.7 180.3 362.8 356.9 352.8 87.4 85.1 82.8 450.2 441.9 435.5 1992-JAN. ^EB. MAR. 672.3 685.2 696.8 383.1 392.9 403.7 1055.4 1078.1 1100.5 589.5 577.6 569.5 456.6 444.8 433.9 1046.1 1022.4 1003.4 359.6 369.0 366.9 L88.1 L96.9 L91.4 344.0 340.6 337.3 80.9 78.8 76.3 424.9 419.4 413.5 706.1 707.8 409.7 414.5 1115.8 1122.3 565.4 556.2 419.1 409.8 984.5 •966.0 360.4 ^52.3 L90.9 L95.5 330.9 331.2 73.6 71.5 404.4 402.7 1992-APR. 13 20 27 713.0 705.9 700.2 411.4 408.8 408.2 1124.4 1114.7 1108.4 566.4 565.9 563.4 421.9 417.5 415.1 988.3 983.5 978.5 364.0 360.3 358.7 193.8 188.1 197.9 332.3 331.1 327.7 74.2 73.3 72.6 406.4 404.4 400.3 4 11 18 25 702.4 708.2 710.5 707.0 411.0 414.0 415.4 414.8 1113.4 1122.1 1125.9 1121.8 560.9 558.4 556.2 554.3 413.2 411.4 409.9 408.4 974.1 969.8 966.1 962.7 355.7 352.9 350.9 351.9 193.3 195.7 195.5 200.5 329.1 331.7 330.0 333.6 72.2 71.9 71.6 71.1 401.2 403.6 401.7 404.8 708.6 715.8 416.0 419.2 1124.6 1135.0 552.5 550.6 407.2 406.1 959.7 956.7 351.4 350.8 190.8 194.0 330.3 332.2 70.9 70.6 401.3 402.7 APR. MAY P 356 . '+ Heek ending MAY JUNE IP 8p 1. 2. Savings deposits include money market deposit-accounts. Sma11-denomination time deposits--including 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 hi/ money market mutual funds, depository institutions, and foreign banks and official institutions. p--indicates preliminary data. 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 commercial thrift banks institutions Date Debt ciDmponents6 Non-M3 Components of L Total Term Eurodollars2 Savings bonds Short-term Treasury securities31 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. *EB. 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 1992-APR. 13 20 27 49.9 50.4 50.7 22.0 22.1 22.0 71.9 72.5 72.7 57.2 57.1 56.6 MAY 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 49.0 47.9 21.1 22.8 70.1 70.7 55.7 55.2 APR. MAY p Neek ending JUNE 4 11 18 25 lp 8p Term RPs are those with original maturities greater than one day, excluding continuing contracts and retail RPs. Term Eurodollars are those with original maturities areater 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 Foreign Foreign <commercial official banks institutions Date IRA and Keogh Accounts U.S. government depos;its Time and savinas deposits due to foreign banks and official institutions Demand deposits at commercial banks Balance at Federal Reserve Note balances at depository institutions Total cash balance Time and savings deposits At A* at commercial commercia 1 thrift institutions banks banks At money market funds Total 1991-JAN. FEB. MAR. 9.3 8.2 8.0 1.6 1.6 1.6 4.5 5.1 5.7 4.9 4.2 5.1 7.8 11.5 6.8 24.5 35.1 23.3 37.2 50.8 35.1 1.3 1.3 1.3 132.1 133.6 135.3 133.5 134.0 134.5 43.5 43.5 44.0 309.1 311.1 313.8 APR. MAY JUNE 8.5 8.2 7.6 1.5 1.5 1.5 6.0 6.2 6.3 5.4 3.6 5.0 4.7 5.6 6.3 15.0 16.2 18.6 25.1 25.4 29.9 1.3 1.4 1.5 137.3 138.9 140.3 135.2 135.5 135.4 44.3 44.9 43.9 316.7 319.3 319.6 JULY AUG. SEP. 8.0 7.9 7.8 1.5 1.5 1.5 6.3 6.5 6.6 3.7 3.6 5.2 6.6 5.8 7.8 17.1 13.5 21.7 27.3 22.9 34.7 1.6 1.5 1.5 141.8 143.1 144.4 134.6 133.2 131.6 42.2 42.8 43.3 318.5 319.1 319.4 OCT. NOV. DEC. 7.7 7.9 8.1 1.5 1.5 1.7 6.7 6.7 6.6 3.6 4.4 4.8 5.7 6.0 7.4 25.0 24.2 20.5 34.4 34.6 32.8 1.5 1.6 1.5 145.9 147.0 147.7 131.2 131.2 131.2 43.4 43.0 42.3 320.5 321.3 321.2 1992-JAN. FEB. MAR. 8.3 7.6 7.6 1.7 1.6 1.5 6.5 6.5 6.5 5.2 4.3 4.2 7.4 6.2 5.6 27.9 20.9 15.9 40.5 31.5 25.7 1.8 2.0 2.2 148.3 148.4 147.8 130.9 129.7 128.8 42.1 e 42.3 e 42.5 e 321.3 e 320.4 e 319.1 e 7.9 7.8 1.5 1.5 6.5 6.5 5.9 4.2 4.9 5.2 11.9 16.8 22.6 26.2 2.5 2.6 148.4 148.6 127.9 e 127.1 e 42.3 e 41.9 e 318.5 e 317.7 e 1992-APR. 13 20 27 7.6 8.3 7.6 1.5 1.6 1.5 6.5 6.5 6.5 4.1 9.2 5.6 4.7 4.3 5.4 5.8 6.6 19.8 14.7 20.1 30.8 2.5 2.5 2.6 MAY 7.8 7.6 7.6 7.7 1.5 1.4 1.8 1.4 6.5 6.5 6.5 6.5 6.0 3.3 4.7 3.2 5.0 5.2 4.9 5.4 23.9 18.1 14.5 15.0 34.9 26.6 24.0 23.6 2.5 2.6 2.6 2.6 8.5 8.0 1.5 1.6 6.5 6.5 4.6 3.7 5.4 5.3 15.3 10.9 25.3 19.8 2.6 2.6 APR. MAY P Week ending JUNE 4 11 18 25 IP 8p e—indicates estimated data, p—indicates preliminary data. H.6 (508) Special Supplementary Table Monthly Survey of Selected Deposits 1 April 29,1992 and May 27,1992 (not seasonally adjusted) Insured Commercial Banks Amount Outstanding ($mil.) Liability Categories NOW Accounts Apr. 29 250,200 252,860 Savings Deposits Personal Nonpersonal 692,879 541,103 151,776 701,808 548,976 152,832 Interest-bearing time deposits with balances of less than S 100,000 with original maturities of: 7 to 91 days 92 to 182 days 183 days to 1 year 1 to 2-'/2 year 2-V2 years and over 48,342 147,371 186,535 164,183 157,839 All IRA/Keogh Plan deposits3 148,859 2 May 27 Change (percent) L06 Avera ge Rate Paid (%) Apr. 29 May 27 Change (b.p.) 3M 3l)2 -7 1.29 1.46 0.70 3.63 N.A. N.A. 3.57 N.A. N.A. -6 N.A. N.A. 43,689 142,191 188,410 165,874 159,392 -9.62 -3.51 1.01 1.03 0.98 3.64 3.90 4.13 4.68 5.47 3.59 3.82 4.06 4.64 5.45 -4 -8 -7 -4 -2 148,459 -0.27 N.A. N.A. N.A. BIF-insured Savings1 Banks 4 Amount Outstanding ($mil.) Averaige Rate Paid (%) Apr. 29 May 27 9,996 10,212 Change (percent) 2J6 Savings Deposits Personal Nonpersonal 79,432 76,306 3,126 80,559 77,640 2,919 1.42 1.75 -6.61 4.11 N.A. N.A. 4.03 N.A. N.A. -7 N.A. N.A. Interest-bearing time deposits with balances of less than S 100,000 with original maturies of: 7 to 91 days 92 to 182 days 183 days to 1 year 1 to 2-1/: year 2-V2 years and over 4,037 20,825 26,121 23,117 19,741 4,166 20,425 25,777 22,862 19,576 3.22 -1.92 -1.32 -1.11 -0.83 4.05 4.13 4.34 4.67 5.65 4.04 4.13 4.31 4.69 5.63 -2 -0 -3 3 -2 All IRA/Keogh Plan deposits3 23,324 23,245 -0.34 N.A. N.A. N.A. Liability Categories NOW Accounts 2 Apr. 29 3^47 3M Change (b.p.) -6 May 27 N.A. - data are not available NOTE: Data for earlier month may show revisions. 1. Estimates are based on data collected by the Federal Reserve System from a stratified random sample of about 460 commercial banks and 80 savings banks. All rates are expressed as annual effective yields. 2. Includes personal and nonpersonal money market deposit accounts. 3. Total IRA and Keogh Plan deposits regardless of size, type of instrument in which held, or interest rate paid. 4. BIF-insured savings banks include both mutual and federal savings banks.