Full text of H.6 Money Stock Measures : June 21, 1984

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K\—

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

JUNE 21,

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES
Billions of dollars
M1
Sum of currency,
travelers checks,
demand deposits and
other checkable deposits1

Date

1 9 8 3 — HAY
JUNE
JULY
AUG
SEPT.
OCT.
NOV.

DEC.
1984—JIB.
FEB.
HAS.
APB.
HAY

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), MMOAs,
MMMF balances'
and savings and small
2
time deposits
Seasonally adjusted

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors9

506.6
510.9
514.9
517.4
518.9
521.6
523.0
525.3

2102.2
2117.0
2126.6
2135.3
2147.9
2167.2
2182.1
2196.2

2571.0
2593.0
2604.0
2617.2
2636.4
2656.4
2688.5
2706.8

3003.3
3033.1
3059.7
3075.1
3097.6
3114.0
3146.5
3176.9

4877.0
4931.4
4964.0
5025.2
5066.4
5109.2
5152.4
5203.9

530.0
532.9
535.2
535,4
541.1

2206.8
2222.5
2229.9
2242.2
2259.6

2721.8
2744.6
2765.9
2790.6
2814.9

3197.5
3227.1
3269.4
3298.3

5260.3
5317.2
5371.2
5431.0

Not seasonally adjusted

1983—MAI
JUKE
JULY
AOG.
SEPT.
OCT.
NOV.

DEC.
1984—JAM.
F££.
MAfi.
APfi.
HAY

500.7
509.8
516.6
513.5
516.3
522.3
526.7
537.8

2096.7
2118.1
2131.9
2133.3
2142.2
2167.1
2181.2
2198.0

2565.9
2591.2
2604.0
2615.6
2631.0
2655. 1
2689.5
2712.8

2999.3
3028.6
3052.5
3070.6
3085.4
3110.0
3147.7
3184.7

4851.4
4905.0
4957.3
5000.3
5048.5
5095.3
5138.1
5197.0

534.8
521.9
526.1
543.2
535.0

2210.5
2212.3
2230.9
2254.1
2254.5

2727.7
2737.3
2767.2
2799.2
2810.1

3208.9
3228.5
3275.7
3309.8

5254.4
5301.7
5352.7
5408.4

M1
For period ended
13-week average

1984-HAY

JUNE

NOTE:

Seasonally adjusted
4-week average

week average

13-week average

Not seasonally adjusted
4-week average

week average

7
14
21
28

535.1
535.8
536.5
537.2

535.8
537.1
540.1
541.9

5*0.1
541.2
544.4
542.0

532.0
533.1
534.2
534.9

540.8
537.7
535.8
534.6

540.0
538.6
535.0
524.8

4 P
11 P

538.2
539.1

543.2
545.0

54 5.2
548.2

536.3
537.9

536.3
539.7

546.9
55 2.1

SPECIAL CAUTION SHOULD BE TAKEN IN INTEBPBETIN6 HEES-TO-HEEft CHANGES IN HONEY SUPPLY DATA, WHICH AEE
HIGHIY VOLATILE AND SUBJECT TO REVISION.
P—INDICATES PBELIfllNABY DATA.
FOOTNOTES APPEAB ON THE FOLLOWING PAGE




H o {508)
Table 2

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

Ml

M2

M3

Debt 1

10.2

13.0

3 MONTHS FBOfl FEB.

1 9 8 4 TO BAT

1984

6.2

6.7

6 MONTHS FBOM NO?.

1 9 8 3 TO BAT

1984

6.9

7.1

9.4

12.6

1 9 8 3 TO BA1

1984

6.8

7.5

9.5

12.3

1 2 MONTHS FROM BAX

THIBTEEN KEEKS ENDING JUNE 1 1 , 1 9 8 4
FBOfl THIBTEEN SEEKS ENDING;

1/

BAB.

12,

1984

( 1 3 WEEKS PBBVIOOS)

6.4

DEC.

12,

1983

( 2 6 WEEKS PREVIOUS)

6.5

JUNE

13,

1983

( 5 2 WEEKS PBEVIOOS)

7.3

GBOHTH BATES FOB DEBT ABE BASED OB PEBIODS BEGINNING AND ENDING ONE BONTB EABLIBB THAN FOB THE HONBTABY AGGREGATES,
NAMELY, JANOABY 1984 TO APBIL 1984, OCTOBEB 1983 TO APBI1 1984, AHD APBII 1983 TO APRIL 1984, BESPECTIVELY.

FOOTNOTES TO TABLE 1
CONSISTS OF (1) CUHBENCY OUTSIDE THE TBEASUBT, FEDEBAL BBSEBVE BANKS, AND THE TAULTS OF COMMERCIAL BANKS;
(2) TBAVELEBS CHECKS OF NONBANK ISSUBfiS; (3) DBHAND DEPOSITS AT ALL COHBEBCIAL BANKS OTHEfi THAN THOSE DOB TO
DOMESTIC BANKS, THE O.S. GOVEBNMENT, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEBS IN THE PBOCESS
OF COLLECTION AND BBDEBkL BESEB7E FLOAT; AND (4) OTHEB CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE 4BDBB
OF WITHDRAWAL (NOW) AND AUTOMATIC TRANSFER SEB7ICB (ATS) ACCOUNTS AT DEPCSITOBY INSTITUTIONS,
CBEDIT ONION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THBIFT INSTITUTIONS. THE CURRENCT AMD DEHABD
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, BESPECTI?ELI, HBLD BI
THBIFT INSTITUTIONS TO SEBVICE THEIB OCD LIABILITIES.
2/ CONSISTS OF Ml PLUS OVEBNIGHT (AND CONTINUING CONTBACT) BPS ISSUED BI ALL COBHEBCIAL BANKS AND OVERNIGHT EUBODOLLABS
ISSUED TO U.S. BESIDENTS BY FOBEIGN BBANCHES OF U.S. BANKS WORLDWIDE, MHDAS, SAVINGS AND SMALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING BETAIL BPS—IN AMOUNTS OF LESS THAN $100,000), AND BALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENEBAL PUBPOSE AND BBOKEB/DBALEB HONEY MARKET MUTUAL FUNDS. EXCLUDES IBA AND KEOGH
BALANCES AT DEPOSITOBY INSTITUTIONS AND MONEY MABKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMEBCIAL
BANKS, MONEY MABKET FUNDS (GENERAL PUBPOSE AND BROKER/DEALER), FOREIGN GGVBBNHENTS AND COMMERCIAL BANKS, AND
THE U.S. GOVEBNMENT. 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.
3/ CONSISTS OF H2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OR MORE) AND TERM RP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BBANCHES 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-ONL* MONEY BASKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BY DEPOSITOBY INSTITUTIONS, THE U.S. GOVEBNMENT, MONEY
MARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTBENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HBLD BY INSTITUTION-ONLY MONEY MABKBT MUTUAL FUNDS.
4/ CONSISTS OF H3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHOBT-TEBH TBEASUBY SECURITIES, COHMEBCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF MONEY MARKET MUTUAL FUND HOLDINGS CF THESE ASSETS.
5/ DEBT OF DOMESTIC NONFINANCIAL SECTOBS CONSISTS OF OUTSTANDING CBEDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AHD PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF COBPORATE BONDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHEB BANK LOANS, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND OTHER DEET
INSTRUMENTS. THE DATA ABE DERIVED FROM THE FEDERAL RESERVE BOARD'S FLOW CF FUNDS ACCOUNTS. ALL DATA CN DEBT OF DOMESTIC
NONPINANCIAL SECTORS ABE PRESENTED IN MONTH-AVERAGE FORM, DERIVED BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO REMOTE STATISTICAL DISCONTINUITIES THAT HAY ARISE III THE UNDERLYING FLOW OF FUNDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FROM THE QUARTERLY FLOS OF FUNDS STATISTICS CONTAINED
IN THE FEDERAL BESEBVE RELEASES 2.7 AND Z.I. IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ABE MEASURED ON
A QUARTER-END BASIS AND INCLUDE DISCONTINUITIES.
1/




H.6(508)
Table 3

COMPONENTS OF THE MONEY STOCK
Billions of dollars, seasonally adjusted

Date

Currency1

Travelers
checks2

Demand
deposits3

Other
checkable
deposits4

Nontransactions
components
in M2

in M3
only6

5

Savings deposits7
at
at
total
thrift
commercial
banks
Institutions

Selected nontransactlon* Items
Small time deposits*
at
at
thrift
total
commercial
banks
Institutions

Lar( e time deposits'
at
at
commercial
thrift
total
10
banks
Institutions

1983-HAY
JUNE

140.5
141.6

l1.6
i1.6

241.5
243.0

120.0
121.7

1595.6
1606.1

468.8
476.0

140.4
140.0

182.6
182.8

323.1
322.8

321.2
322.3

401.4
402.5

722.6
724.8

224.5
226.9

73.5
76.0

298.0
303.0

JOLI
AUG.
SEPT.

142.4
143.5
144.8

41.6
11.7
11*7

244.5
243.7
243.0

123.4
125.6
126.4

1611.6
1617.9
1629.0

477.5
482.0
488.5

138.8
138.0
137.4

181.9
181.3
180.5

320.7
319.3
317.9

328.0
333.4
338.2

409.0
415.6
420.7

737.0
749.0
759.0

224.1
224.0
223.8

80.1
84.5
89.4

304.2
308.6
313.2

OCT.
NOY.
DEC.

146.0
147.2
148.0

J1.8
11.9
11.9

243.6
242.8
243.7

127.2
128.2
128.8

1645.6
1659.2
1670.9

489.2
506.3
510.6

137.0
136.1
134.6

180.2
179.2
178.2

317.1
315.4
312.9

344.8
350.0
353.1

428.2
435.5
440.0

773.0
785.5
793.1

221.7
224.2
225.5

93.9
96.6
100.4

315.6
320.8
325.9

1984-JAB.
FEB.
HAB.

149.9
150.2
150.9

4.9
5-0
5.0

244.5
243.8
244.0

130.7
133.8
13S.3

1676.8
1689.6
1694.8

515.0
522.1
536.0

132.1
130.1
128.9

177.7
176.5
176.6

309.9
306.6
305.5

352.9
352.8
353.5

444.1
448.1
449.9

797.0
800.9
803.4

227.2
228.3
232.8

106.3
111.9
115.5

333.4
340.3
348.3

API.
HAT

151.8
152.9

5.1
5.1

245.3
245.2

133.2
137.9

1706.9
1718.5

548.4
555.3

128.6
128.2

176.8
177.0

305.4
305.2

355.9
360.4

452.4
457.3

808.3
817.7

236.4
243.7

119.4
123.5

355.7
367.2

152.8
152.9
153.2
153.9

245.8
245.8
247.0
242.8

136.4
137.4
139.1
140.2

128.5
128.4
128.2
128.0

358.8
359.7
360.6
361.8

239.5
241.1
244.1
248.1

153.5
153.9

248.5
249.2

138.1
140.0

128.0
128.2

362.4
364.2

248.3
248.3

VBBK E I O I I G
1984-HAY 7
14
21
28
JUNE 4P
11P

1/

CUBRENCT OUTSIDE THE U.S. TBBASUBY, FEDEBAL RESERTB BANKS AND FAULTS OF COHHBBCIAL BANKS. EXCLUDES THE ESTIMATED
AHOUMT OF ?A0LT CASH HELD BT THBIFT IBSTIT0TIONS TO SEBYICB THEIB OCD LIABILITIES.
2/ OUTSTANDING AHOUHT OF U.S. DCLLAB-DENOHINATED TRAYELEBS CHECKS OF IOHBAMK ISSUEBS. TBA?ELBBS CHECKS ISSUED BI DEPOSITOBT
INSTITUTIONS ABE INCLUDED IN DEHAND DEPOSITS.
3/ DEflAHD DEPOSITS AT COHHEBCIAL BANKS AND FOBEIGN BELATED INSTITUTIONS OTHBB THAN THOSE DUE TO DOHESTIC BANKS, THE U.S. GOYEBBHBNT AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEHS IN THE PROCESS OF COLLECTION AND FEDBBAL BBSEBfB FLOAT.
EXCLUDES THE ESTIHATED AMOUNT OF DEHAND DEPOSITS HELD AT COHHEBCIAL BANKS BI THBIFT INSTITUTIONS TO SEBYICE THEIB OCD
LIABILITIES.
4/ CONSISTS OF BON AND ATS BALANCBS AT ALL DEPOSITOBT INSTITUTIONS, CBBDIT UNION SHABE DBAFT BALANCES AND
DEHAND DEPOSITS AT THBIFT INSTITUTIONS. OTHEB CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFFEBBNCE BETWEEN THE
SEASONALLY ADJUSTED SUH OF DEHAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEHAND DEPOSITS. INCLUDED ABE ALL CEILING
FBEE "SUPEB NONS," AUTHOBIZED BI THE DEPOSITOBT INSTITUTIONS DEBBGULATICN COHHITTEE TO BE OFFBBED BEGINNING JANUABY 5 #
1983.
5/ SUH OF OYBBNIGHT BPS AND OTER1IGHT EOBODOLLABS, HONEY MARKET FUND BALANCBS (GENEBAL PUBPOSB AND BROKER/DEALER),
HHDAS, AND SAYINGS AND SHALL TIHB DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT BEPBESBNTS THE ESTIHATED AHOUNT OF
DBHAND DEPOSITS AND YAULT CASH HELD BY THBIFT INSTITUTIONS TO SEBYICE THEIB TIHE AND SAYINGS DEPOSITS LIABILITIES.
6/ SUH OF LABGE TIHE DEPOSITS, TEBH BPS AND TEBH EURODOLLABS OF U.S. RESIDENTS, HONEY HABKET FUND BALANCBS (INSTITUTIONONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THB ESTIHATED AMOUNT OF OYEBNIGHT BPS AND EURODOLLABS HELD BY
INSTITUTION-ONLY HONEY HABKET FUNDS.
7/ SAYINGS DEPOSITS EXCLUDE HflDAS.
8/ SHALL DENOMINATION TIflE DEPOSITS—INCLUDING BETAIL B P S - ABE THOSE ISSUED IN AHODNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IBA) AND KEOGH ACCOUNTS AT COHHBBCIAL BANKS AND THBIFTS ABB SUBTBACTED FBOH SHALL
TIHE DEPOSITS.
9/ LABGE DENOMINATION TIflE DEPOSITS ABB THOSE ISSUED IN AMOUNTS OF $100,000 OB HOBB, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
10/ LABGE DENOMINATION TIHE DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY HONEY HAHKET HUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6(50t)
Table 4

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

Data

1963-APR.

1/

3/
4/

Non-M3 components of L
short-term treasury
bankers acceptances*^
securities1

commercial paper3

Debt components4
federal debt
non-federal debt

JUNE

69.2
69.5
69.8

196.4
198.5
206.8

41.3
41.0
40.6

122.5
123.4
122.9

1046.0
1063.7
1091.0

3788.7
3813.3
3840.3

JULY
AUG.
SEPT.

70.1
70.3
70.5

219.6
222.9
221.6

41.6
43.6
43.8

124.4
121.0
125.3

1113.6
1128.2
1142.6

3870.4
3897.0
3923.8

OCT.
NOV.
DBC.

70.7
70.8
71.0

218.5
217.2
223.3

42.8
43.0
43.4

125.7
126.9
132.4

1156.0
1166.5
1174,0

3953.2
3985.9
4029.9

1984-JAN.
FEB.
HAS.

71.2
71.7
72.2

226.6
231.8
245.8

42.8
41.7
42.6

135.0
137.2
142.9

1191.3
1213.1
1220.7

4069.0
4104. 1
4150.6

APR.

72.5

242.3

43.6

149.2

1233.6

4197.4

HAY

2/

savings bonds

CONSISTS OF U.S. TREASURY BILLS AMD COUPONS WITH REMAINING MATURITIES OF LESS THAN 12 SOUTHS HELD BT OTHEB THAN DEPOSITORY
INSTITUTIONS. FEDERAL BBSBBYE BANKS, HONEY HABKET MUTUAL FUNDS AND FOBBI6N ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDBBAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEH AND HONEY BASKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPEB HELD BY HONEY BABKET MUTUAL FUNDS.
DEBT DATA ABE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-MONTH LEVELS OF ADJACENT HONTHS, AND HAVE BEEN
ADJUSTED TO BEHOVE DISCONTINUITIES.




H.6 (503)
Table 5

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

Other checkable deposits
Travelers

Date

Currency1

checks 2

Demand
deposits3

at commercial
banks4

at thrift
institutions*

total

in M2*

7

in M3 only

Overnight
RPs*

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

140.4
141.9

4.5
4.9

237.5
241.8

88.8
91.0

29.4
30.3

118.2
121.2

1596.1
1608.3

469.1
473.1

46.0
46.7

9.4
9.4

141.4
140.2

JOLT
AUG.
SEPT.

143.6
143.8
144.3

5.2
5.1
5.0

244.9
241.1
242.0

91.9
92.4
93.4

31.0
31.1
31.6

122.9
123.5
124.9

1615.2
1619.8
1626.0

472.1
482.3
488.7

43.5
42.0
42.8

9.6
10.4
10.7

138.7
139.1
137.9

OCT.
NOT.
DEC.

145.7
147.9
150.5

1.8
1.6
L6

244.8
245.2
251.6

94.3
95.6
97.7

32.7
33.3
33.5

127.0
128.9
131.2

1644.8
1654.5
1660.2

487.9
508.4
514.9

45.3
44.9
44.8

11.7
10.3
11.4

137.5
138.8
138.2

1984-JAN.
FEB.
BAH.

148.4
148.3
149.8

1.6
i1.7
i1.8

249.4
237.9
239.4

99.2
97.8
99.7

33.2
33.2
34.4

132.5
130.9
134.1

1675.7
1690.5
1702.8

517.1
525.0
536.3

47.1
48.1
47.0

11.5
11.4
11.3

137.9
142.1
144.8

APR.
HAT

151.5
152.9

4.8
5.0

247.8
241.3

102.8
99.7

36*2
36.1

139.0
135.8

1710.9
1719.6

545.1
555.6

46.4
46.7

10.4
12.5

146.1
146.8

1983-HAI
JUNE

SEEK

ENDING:

1984-HAI

JUNE

1/

7
14
21
28

153.3
153.2
152.8
152.8

244.1
244.1
242.0
233.3

100.9
100.2
99.5
98.4

36.9
36.2
35.7
35.2

137.7
136.4
135.2
133.6

45.7
45.0
47.7
47.1

9.5
12.8
12.7
14.3

144.5
146.2
147.2
148.5

4P
11 P

154.0
155.6

248.8
250.2

101.7
103.2

37.3
37.8

139.0
141.0

49.2
44.0

13.7
10.0

148.6
149.1

CUBRENCI OUTSIDE TBE U.S. TREASURY, PEDERAL RBSEITB BANKS AND THE VAULTS OP COHNERCIAL BANKS. EXCLUDES THE BSTIHATBD
AMOUNT OP TAULT CASH HELD BT THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRATBLERS CHECKS OP NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BI DEPOSITOR!
INSTITUTIONS ARE INCLUDED IN DBBAND DEPOSITS.
3/ DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DOE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCBSS OF COLLECTION AND F.R. FLOAT, LESS THE ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
4/ CONSISTS OF NOH AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER NOUS OP $30.6 BILLION IN THE SEEK ENDED MAT 28, $31.4 BILLION IN THE 8EEK ENDED JUNE 4,
AND S31.7 BILLION IN THE HEEK ENDED JUNE 11.
5/ CONSISTS OF NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOBS OP $11.5 BILLION IN THE HEEK ENDED HAT 28, $12.0
BILLION IN THE HEEK ENDED JUNE 4, AND $12.1 BILLION IN THE HEEI ENDED JUNE 11.
6/ SUM OF OVERNIGHT RPS AND EURODOLLARS, MONET MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), HHDAS AND SAVINGS
AND SHALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OP DEMAND DEPOSITS AND VAULT CASH HELD BT THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
7/ SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, MONET MARKET FOND BALANCES (INSTITUTION-ONLT), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BT INSTITUTION-ONLT
HONEY AARKFT MUTUAL FUNDS.
8/ CONSISTS OF OVERNIGHT AND CONTINUING CCNTRACT RPS ISSUED BT COMMERCIAL BANKS TO OTHER THAN DEPOSITORT INSTITUTIONS AND
MONEY MARKET MUTUAL FUNCS {GENERAL PUPPOSE AND BROKER/DEALER)•
9/ I^UED DI FOBEIGN BRANCHES OF U.S. BANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORT INSTITUTIONS AND
MUNEY MARKET "HJTUAl FUNCS {GENERAL PUFFU5F: AND BFOKFP/DFALER).
2/




H.6 (508)
Table 5-continued

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

Date

Money market deposit accounts
at
at
total
commercial
thrift
banks
institutions

at
commercial
banks

Savings deposits
at
thrift
institutions

1

total

Small denomination time deposits2
at
at
total
commercial
thrift
banks
institutions

Large denomination time deposits3
at
at
total
commercial
thrift
4
banks
institutions

208.4
216.0

149.1
152.6

357.4
368.6

142.1
141.6

183.5
184.2

325.5
325.8

321.4
322.3

402.3
402.7

723.8
725.1

222.7
224.4

73.2
75.3

295.9
299.8

JULT
AOG.
SEPT.

218.4
218.9
221.1

152.2
149.7
148.4

370.5
368.6
369.5

140.6
138.3
136.4

184.2
181.5
179.8

324.8
319.8
316.2

327.0
332.8
337.3

408.8
414.2
419.0

735.8
747.0
756.3

220.7
223.8
224.2

79.4
84.7
90.5

300.1
308.5
314.8

OCT.
HOf.
DEC.

223.*
227.1
230.0

147.1
145.8
145.9

370.5
372.9
376.0

135.8
133.7
132.0

180.1
178.3
176.5

316.0
312.0
308.5

343.9
348.9
351.0

427.5
434.2
437.6

771.4
783. 1
788.6

222.1
225.5
229.0

95.8
98.3
100.7

317.9
323.7
329.7

1984-JAI.
FEB.
BAB.

234.2
238.3
242.6

146.2
147.7
149.9

380.3
386.0
392.5

131.3
129.9
130.2

176.2
175.3
177.0

307.4
305.2
307.2

353.7
355.4
356.0

445.7
450.0
451.6

799.4
805.4
807.7

229.3
229.7
233.1

105.7
111.2
114.2

335.0
340.9
347.3

APE.
MAI

245.3
244.3

151.0
150.4

396.4
394.7

130.5
129.9

178.0
178.1

308.5
308.0

356.4
360.4

454.3
458.3

810.7
818.6

233.7
241.5

118.0
122.9

351.8
364.5

1983-HAT
JOHB

VEBK E1DIBG
1984
HAT

7
14
21
28

J01B 4 P
11 P

243.2
244.3
244.7
244.7

130.1
130.1
129.9
129.6

358.8
359.7
360.6
361.7

236.9
238.6
242.0
246.5

245.5
245.9

129.9
130.3

362.5
364.1

246.6
246.2

EPOSITS

E CLODP

flHDAS-

1/

SATINGS

2/

SHALL DENOBINATIGN TIHE DEPOSITS — INCLUDING RETAIL RPS — ABB THOSE ISSUED III AflOUNTS OP LESS THAN 1100.000. ALL
INDI7IDUAL RETIHEBEIIT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BAIKS AND THRIFTS ARE SUBTRACTED FROB SHALL
TIBE DEPOSITS.
LARGE DENOMINATION TIHB DEPOSITS ARE THOSE ISSUED IN ABOUNTS OF $100,000 OR BORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS)•
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BI BONEI HARKET BUTUAL FUNDS, DEPOSITORY
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.

3/
4/




H 6 (506)
Table 5-continued

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

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

Term
Eurodollars*

Savings
bonds

Non M3 Components of L
Short-term
Bankers
treasury
acceptances4
securities9

Commercial
paper*

Components of Debt

Federal debt*

Non-Federal*
debt

40.5
39.5

32.6
31.5

13.0
13.9

45.6
45.5

92.3
91.9

69.3
69.6

199.5
204.4

40.4
40.1

124.2
123.3

1059.0
1081.1

3792.4
3823.9

JOLT
AUG.
SEPT.

38.6
38.4
38.8

29.6
31.6
31.9

14.8
15.2
16.1

44.3
46.9
48.0

92.1
91.9
90.4

69.9
70.2
70.4

214.1
217.9
216.7

40.9
43.1
43.8

123.7
123.9
123.5

1099.9
1116. 1
1134.0

3857.5
3884.3
3914.4

OCT.
NOV.
DEC.

39.8
40.6
40.3

30.6
35.3
36.4

16.7
18.1
19.6

47.3
53.4
56.0

86.8
93.3
92.3

70.7
71.0
71.3

216.4
215.7
222.8

43.0
43.4
44.8

124.8
128.0
132.9

1147.6
1158.0
1170.2

3947.7
3980.2
4026.8

19 8 4 - JAM.
FEB.
!Ufi.

40.6
41.6
41.8

34.2
35.7
35.4

19.1
18.7
20.6

53.3
54.4
55.9

91.1
91.2
94.8

71.6
71.8
72.1

230.2
239.6
253.1

43.8
42.3
42.2

135.7
137.5
141.1

1189.8
1210.7
1223.6

4064.6
4091.0
4129.1

APR.
MAI

41.8
42.0

36.3
35.8

23.1
23.3

59.4
59.1

f5.6
94.7

72.3

246.7

42.9

148.7

1235.9

4172.5

7
14
21
28

40.8
41.5
42.4
42.9

36.4
36.9
36.0
35.4

4 P
11 P

43.0
42.4

32.3
33.0

1983-HiT
JUNE

WEEK ENDING:
1984-HAT

JOME

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

TEBfl BPS ARE THOSE IITH ORIGINAL MATURITIES GREATER THAR ONE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS.
TERH EURODOLLARS ARE THOSE 8ITH ORIGINAL HATURITIES GREATER THAN ONE DAT. CONSISTS OP THOSE ISSUED TO U.S. RESIDENTS BT
FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE AND BT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BT DEPOSITORY INSTITUTIONS AND MONEY MARKET MUTUAL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AND COUPONS WITH REMAINING HATURITIES OP LESS THAN 12 MONTHS HELD BT OTHER THAN DEPOSITORT
INSTITUTIONS, FEDERAL RESER7E BANKS, MONET MARKET MUTUAL FUNDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BT ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK STSTEM AND HONEY MARKET HOTOAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY HONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A HONTHLT AVERAGE BASIS, DERIVED BT AVERAGING END-OF-MONTH LEVELS OF ADJACENT MONTHS, AND HA?E BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H6(506)
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

7.7
8.1

1.9
1.9

7.5
7.4

2.5
3.4

3.6
3.4

10.0
9.8

16.0
16.6

0.9
0.9

26.4
26.9

34.5
35.2

5.2
5.1

66.0
67.2

JOLT
AOG.
SEPT.

8.2
7.9
8.1

2.0
2.0
2.0

7.3
7.3
7.3

2.8
2.4
3.2

4.2
3.5
7.4

19.1
14.0
14.8

26.0
19.9
25.3

0.8
0.8
0.8

27.5
28.0
28.5

36.0
36.7
37.6

5.0
5.1
5.0

68.4
69.8
71.1

OCT.
MOf.
DEC.

8.0
8.4
8.2

1.9
2.0
2.0

7.1
7.2
7.1

2.7
2.7
3.0

7.1
2.9
3.6

22.0
4.7
7.8

31.8
10.4
14.4

0.8
0.7
0.7

28.9
29.5
30.1

37.8
38.3
39.5

5.1
5.1
5.0

71.8
72.9
74.6

1984-JAI.
FEB.
HAB.

8.3
8.5
8.1

1.8
1.9
1.9

7.0
6.8
6.9

3.1
3.1
3.0

4.7
4.5
4.0

16.5
19.2
14.5

24.2
26.8
21.5

0.9
0.9
0.9

31.0
32.7
34.7

41.0
42.8
44.6

5.2
5.5e
5.7e

77.2
81.0e
85. Oe

APR.

8.0
8.2

1.7
1.9

7.2
7.4

3.8
2.7

7.5
4.2

12.7
10.0

24.0
17.0

0.9
0.9

38.3
39.5

47.6
48.6

6.0«
6.0e

91.9e
94. 1e

7
14
21
28

8.3
8.1
8.3
8.1

2.0
1.9
2.1
1.8

7.3
7.3
7.6
7.3

3.0
2.2
3.4
2.3

5.7
3.5
4.0
3.3

21.9
15.2
2.7
3.1

30.6
20.9
10.2
8.7

0.9
0.9
0.9
0.9

4 P
11 P

8.6
8.4

1.9
1.8

7.3
7.5

2.7
2.7

4.7
3.3

3.5
4.1

10.9
10.2

0.8
0.8

1983-BAI
JUIB

HAI

1EEK E I O I R G :
1984
HAT

JOIE

estimated




SPECIAL SUPPLEMENTARY TABLE
Monthly Survey of S e l e c t e d D e p o s i t s and Other Accounts
At A l l Insured Commercial Banks and A l l Mutual Savings Banks 1
March 2 6 , 1984 and A p r i l 2 5 , 1984

(not seasonally adjusted)
Insured Commercial Banks

Liability Categories
Apr. 25
2

"Super NOW accounts
(standard error of the estimate)
Money market deposit accounts3
Interest-bearing time deposits with
balances of less than $100,000
with original maturities of:*
7 to 31 days
(standard error of the estimate)

30,547
(652)
245,289

May 30
30,775
(692)
244,268

May 30

Apr. 25

May 30

7.37

7.46

12,121

12,070

8.67

8.90

12,989

12,942

Apr. 25

4,935
(401)

4,966
(384)

8.83

9.05

7,786

8,042

32 to 91 days
(standard error of the estimate)

16,039
(709)

16,308
(701)

9.06

9.33

13,396

13,247

92 to 182 days
(standard error of the estimate)

166,779
(2,287)

168,840
(2,861)

9.99

10.42

14,004

13,966

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

39,946
(1,378)

42,194
(1,251)

10.11

10.57

12,408

12,796

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

56,838
(1,472)

58,617
(1,385)

10.59

11.00

13,532

13,610

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

109,953
(1,681)

108,413
(1,678)

10.95

11.30

12,622

12,842

All IRA/Keogh Plan deposits 3
(standard error of the estimate)

39,074
(214)

39,672
(192)

(N.A.)

(N.A.)

13,386

13,337

Retail repurchase agreements^
(standard error of the estimate)

1,212
(196)

1,066
(172)

8.47

8.64

3,125

2,896

Liability Categories

State-Chartered Mutual Savings Banks'
Number of Issuing Banks
Amount Outstanding ($mil)
Average Rate Paid (X)
May 30
May 30
Apr. 25
May 30
Apr. 25
Apr. 25

"Super NOW" accounts^
(standard error of the estimate)-

802
(17)

810
(16)

7.58

7.63

232

231

Money market deposit accounts-*
(standard error of the estimate)

26,591
(96)

26,721
(97)

8.95

9.17

357

354

247
(45)

267
(41)

8.65

8.95

117

118

910
(85)

905
(82)

9.01

9.20

272

269

92 to 182 days
(standard error of the estimate)
193 days to 1 year
(standard error of the estimate)

25,585
(360)
6,804
(253)

25,093
(385)

10.17

10.60

373

370

7,652
(249)

10.52

10.89

304

3G1

over 1 year to 2-1/2 ye»rs
(standard error of the estimate)

10,203
(369)

10,492
(308)

10.92

11.32

346

343

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

21,442

20,438

11.30

11.67

340

337

(N.A.)

(N.A.)

364

363

9.12

9.20

66

75

Interest-bearing time deposits with
balances of less than $100,000
with original maturities, of:*
7 to 31 days
(standard error of the estimate)
32 to 91 days

(327)

(263)

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

7,87t
(183)

7,973
(182)

Retail repurchase agreements0
(standard error of the estimate)

115
(51)

125
(52)

N.A. - Data not a v a i l a b l e .
1 . Estimates are based on data c o l l e c t e d by the Federal Reserve from a s t r a t i f i e d random sample of about 550 banksand 75 mutual s a v i n g s banks. U n t i l the end of September 1983 data> were c o l l e c t e d concerning s p e c i f i c indexedc e i l i n g and c e i l i n g - f r e e d e p o s i t a c c o u n t s . E f f e c t i v e October 1 , 1983, t h e DIDC d e r e g u l a t e d time d e p o s i t s , and
t h i s survey now provides information on a l l small i n t e r e s t - b e a r i n g time d e p o s i t s by maturity c a t e g o r y . The data
presented f o r the end of October are not d i r e c t l y comparable t o s p e c i f i c account data published p r e v i o u s l y , but
i n c l u d e those b a l a n c e s .
2 . "Super NOW" accounts are NOW accounts c o n t a i n i n g an agreement between d e p o s i t o r and d e p o s i t o r y such t h a t ,
provided c e r t a i n c o n d i t i o n s — i n c l u d i n g a $2,500 ainiaum b a l a n c e — a r e n e t , some or a l l funds d e p o s i t e d are e l i g i b l e
t o earn more than 5 . 2 5 p e r c e n t .
3 . Money market d e p o s i t accounts (MMDAs)—Deposits w i t h a $2,500 i n i t i a l and average balance requirement, no
required minimum maturity but i n s t i t u t i o n s must r e s e r v e t h e r i g h t t o require a t l e a s t seven d a y ' s n o t i c e prior t o
withdrawal, no r e s t r i c t i o n s on d e p o s i t o r e l i g i b i l i t y , o r l i m i t a t i o n s on the amount of i n t e r e s t t h a t may be paid
u n l e s s t h e average balance f a l l s below $2,500 during which period the NOW account r a t e c e i l i n g a p p l i e s ; such
accounts may allow up to s i x t r a n s f e r s per month, no more than t h r e e of which may be d r a f t and may permit unlimited
withdrawals by m a i l , messenger, or i n person. Estimates for t h i s c a t e g o r y of d e p o s i t s are based on data c o l l e c t e d
by the Federal Reserve from weekly d e p o s i t r e p o r t s submitted by about 10,500 commercial banks.
4 . A l l i n t e r e s t - b e a r i n g time c e r t i f i c a t e s and open account time d e p o s i t s with balances of l e s s than $ 1 0 0 , 0 0 0 ,
i n c l u d i n g those held i n IRAs and Keogh Plan d e p o s i t s .
5 . A l l IRA/Keogh Plan time d e p o s i t s r e g a r d l e s s of s i z e , type of instrument i n which h e l d , o r i n t e r e s t r a t e p a i d .
6. R e t a i l repurchase agreements are i n denominations of l e s s than $100,000 w i t h m a t u r i t i e s of l e s s than 90 days

that arise from the transfer of direct obligations of, or obligations fully-guaranteed as to principal and interest
by, the U.S. Government or an agency thereof.
7. Over the last several months the number of mutual savings banks has declined sharply largely due to the conversion of MSBs to federal savings banks. As a result month-to-month changes in the amounts outstanding In various
accounts are distorted downward.