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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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0)-H 3 C 4 - . H . 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.