Full text of H.6 Money Stock Measures : June 27, 1985

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FEDERAL RESERVE statistical release
For release at
4:30 PM EST
June 27, 1985

H.6(5<38)

NOTICE
The H.6(508) statistical release (Money Stock, Liquid Assets, and
Debt Measures) will not be published on Thursday, July 4, but instead will be
published on Friday, July 5.




FEDERAL RESERVE statistical release
H.6 (506)
TaWei

For Release at 4:30 Eastern Time
JUIE

MONEY STOCK, LIQUID ASSETS, ANO DEBT MEASURES

27,

1985

Billions of dollars
M1
Sum of currency,
travelers checks,
demand deposits and
other checkable deposits1

Date

1984—BAT
JO MB
JOLT
A06.
SEPT.

oct.
•Of.
DEC.

1985—JAB.
FIE.
BAB.
APB.
HAT

M2
M3
M1 plus overnight RPs
M2 plus
and Eurodollars,
large time deposits,
MMMF balances (gen. pur. term RPs. term Eurodollars
and broker/dealer), MMOAs.
and institution-only
and savings and small
MMMF balances3
2
time deposits
Seasonally adjusted

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors*

542.5
547.3
546.9
548.9
551.5
548.3
553,8
558.5

2255.2
2269.3
2280.2
2292.8
2308.4
2319.3
2346.3
2371.7

2814.6
2838.8
2862.0
2878.8
2901.0
2925.0
2959.9
2995.0

3327.4
3366.5
3402.7
3427.7
3457.0
3480.2
3508.8
3543.8

5515.7
5571.0
5631.0
5690.3
5742.1
5802.5
5877.9
5953.2

562.7
569.4
572.1
574.9
581.6

2398.9
2421.0
2429.2
2427.5
2444.5

3020.6
3041.0
3055.4
3055.9
3075.2

3568.0
3598.1
3624.2
3627.2

6018.7
6074.7
6130.2
6191.7

2812.2
2840.3
2863.6
287U.8
2890.9
2920.6
2960.4
3002.2

3321.3
3367.8
J403.3
3421.4
3U45.5
3475.8
3509.2
5545.1

5489.4
5547.6
5609.6
5672.1
5729.8
5791.9
5866.1
5947.2

3024.3
3034.3
3057.1
3067.8
3073.1

3573.5
0596.8
3631.6
3640.4

Not seasonally adjusted

1984—BIT
JOVS
J0L1
AOG.
SEPT.
OCT.

•Of*
DEC.
1985—JAI.
PIE.
BIB.
APB.
BAT

537.3
547.9
549.9
545.0
548.5
548.2
555.9
570.4

2251.3
2272.3
2285.7
2287.7
2298.8
2316.6
2344.4
2376.7

568.3
558.6
564.9
581.6
576.2

2404.1
2414.5
2429.5
2439.4
2440.5

|
i
|

|

6010.5
6052.8
6101.4
6161.2

M1

For period ended
13-week average

1985-HAX.

JOIZ

•Oil:

Seasonally adjusted
4-week average

6
13
20
21

573.0
573.8
574.8
575.7

575.8
576.9
578.4
580.7

3
10 P
17 P

576.7
578.3
579.7

582.8
586.0
587.8

week average

:

13-week a wage

Not seasonally adjusted
4-week average

WOvn uVvlBUv

577.7
577.9
582.3
585.0

569 . 3
570 . 6
572 . 1
573 . 3

579.9
577.2
575.5
575.8

578.5
577.6
578.0
568.9

585.9
590.8
589.3

574 . 9

577.3
582.6
586.9

584.5
598.8
595.3

577 • 2
579 . 6

SPECIAX. CA0TIOB SHOULD BE TAKE* I I IBTEBPBETIMG BEEI-TO-HEEK CHANGES III HONJST S0PPLT DATA, • BICH ABE
BIGULT VOLATILE AMD SUBJECT TO BEflSIOB.
P--INDICATES PBELIBINABT DATA.
FOOTNOTES APPEAfi OM THE FOLLOWING PAGE




H.6 (508)
Table 2

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

M1
3 MONTHS PfiCH * I B .
6 flOMTHS FBOH MOV.
12 MONTHS FBOfl SIX

1985 1 0 HIT

1985

1984 TO Hal

1985

1984 TO BAT

1985

8.6
10.0
7.2

M2
3.9

M3
4.5

Debt1

11.5

8.4

7.8

13.4

8.4

9.3

13.5

THIRTEEN HECKS ENDING JOIB 1 7 , 1985
FBOfl THIRTIES BEF.KS ENDING:
BAB.

18,

1985

{13 SEEKS PREVIOUS)
(26 NEEKS PREVIOUS)

DEC.

17,

1984

JUNE

18,

1 9 8 " {52 WEEKS PfiETIOOS)

9.5
10.1
7.0

GROWTH RATES FOR DEBT ARE BASED ON PERIODS BEGINNING AND ENDING ONE MONTH EARLIER THAN FOR THE MONETARY AGGREGATES,
NAMELY, JANUARY 1985 TO APRIL 1985, OCTOBER 1984 TO APRIL 1985, AND APRIL 1984 TO APRIL 1985, RESPECTIVELY.
1/

2/

3/

4/
5/

FOOTBOTES TC TABLE 1
COMSISTS OF (1) CUfifiMCY OOTSIOE THE TREASURY, FEDERAL RESERVE BABKS, ABC IBS VAULTS OP C0BBE1CIAL BAiKS;
(2) TRAVELERS CHECKS OP VOBBAIK ISSOBBS; (3) DEflAHD DEPOSITS AT ALL COflflEBCIAL BABKS 0TB11 1BAB TBOSB DOB TO
DOBBSTIC BANKS, THE 0.S. GOVBBNBENT, AHO F0BEI6R BABKS ABO OFFICIAL INSTITOTIOBS LBSS CASB IlBflS IB TBB PROCESS
OF COLLECTION AMD fEDEBAL BESEBVE FLOAT; AND {4) OTHEB CHECKABLE DEPOSITS (OCD) COBSISSIBG OP BBGOTIABLE OBDEB
OF MITHDBABAL (NCV) ABD AOTOBATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DSPCSITOBT INSTITUTIONS,
CBED1T UNION SHABE DRAFT ACCOUNTS AND DEflAND DEPOSITS AT THBIFT IHSTITUTJOBS. TH3 COBBBBCT ABO DEBANO
DEPOSIT COBPOBENTS EXCLUDE THE ESTIBATEO ABOONT OF TAOLT CASB AND DEflAND DEPOSITS, RESPECTIVELY, HELD BT
THBIFT INSTITOTIONS TO SEBVICf TBEIfi OCO LIABILITIES.
CONSISTS OF 81 PLUS OYEBNIGflT (AND CONTINUING CONTRACT) BPS ISSOED BT ALX COBHEiCIAL BABKS ABD OVERSIGHT EURODOLLARS
ISSUED TO D.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BABKS BORLDSIDE, BHCAS, SATIN6S AND SBALL DBNOBINATION
TIBE DEPOSIIS (TlflE DEPOSITS—INCLUDING RETAIL RPS—IN ABOUBTS OF LESS T8AN 5100,000), ABO BALABCBS IB BOTB
TAXABLE AND TAX-EXBBPT GENERAL PURPOSE AND BROKER/DEALER HONEY BASKET MU10AL FUNDS. EXCLUDES IRA ABD KBOGH
BALANCES AT DBPOSITOBI INSTITOTIONS AND BONBI MARKET PONDS. ALSO EXCLUDES ALL BALANCES BBLD BT U.S. COBBBBCIAL
BANKS, BOBEI HARKBT tUMLS (GBBBRAL PURPOSE AND BROKER/DEALER), FOREIGN GCTEflMHENTS AND COflBEBCIAL BABKS, ABD
THE U.S. GOfBRNBENT. ALSO SOBTRACTBD IS A CONSOLIDATION AOJUSTB19T THAT RBPRESBNTS TBB ESTIBATBD ABOUNT
OF DEBABD DEPOSITS AND VAULT CASH HELD BY THBIFT INSTITUTIONS TO SBRVICB THEIR TIME ABD SAYINGS DEPOSITS.
CONSISTS OF H2 PLUS LARGE DENOBINATION TIBS DEPOSITS (IN ABOUBTS OF $100*000 OR BORE) ABD IERB BP LIABILITIES ISSUEO
BX COMBERCIAL BANKS AND THRIFT INSTITUTIONS, TEBB EURODOLLARS HELD BY U.S. RESIDENTS AT FOBEIGB BRANCHES OF U.S. BINKS
HORLDBIDE AND Al ALL BANKING OFFICES IN THE UNITED KINGDOB AND CANADA, AND BALANCES IB BOTH TAXABLE AID TAt-BXEHPT
INSTITOTION-ONLY BOBIY BARKIT BUTOAL FUNDS. EXCLUDES ABOUNTS HELD BY DBIOSITOBI INSTITOTIOBS, TBE U.S. GOVBRNBBBI, BONBY
MARKET FUNDS, AND JGREIGN BANKS AND OFFICIAL INSTITOTIOBS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTBENT THAT REPRESENTS
THE ESTIBATED ABOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY BOHBT BARKET BUTUAL FQBDS.
CONSISTS OF B3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SBOBT-TEBH TREASURT SECUUTIES, COBBBRCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF HONEY BARKET flOTUAL FOND HOLDINGS Ct THESE ASSETS.
DEBT OF DOHESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT HAR1ET DEBT OF THE UBITED STATES GOTBiNHEBT,
STATE AND LOCAL GOVERNHENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DIBT CONSISTS OF COBPOBATE BONDS, BOHTGAGBS,
CONSOHEB CREDIT (INCLUDING BANK LOANS), OTHER BABK LOANS, COflflBBCIAL
PAPIR, EANKBRS ACCEPTABCBS ABD OTHER DEBT
INSTROBENTS. THB DATA ARE DERIVED FROB THE FEDERAL RESERVE BOARD9S PLOi £F FUNDS ACCOUNTS. ALL DATA OB DEBT OF DO BE STIC
NONFINANCIAL SBCTOBS ABE PRESENTED IN HCNTH-AVERAGE FOR*, DERIVES BY AVERAGING BONTB-BND LEVELS OF ADJACENT BONTHS. TBS
©ATA HAVE ALSO BEBN ADJUSTED TO REHOfB STATISTICAL DISCONTINUITIES THAT BAT ARISE IN THE UNDERLYING PLOI OF FUHDS STATISTICS.
TBE PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FROB TIB QUARTERLY FLOi OF FUNDS STATISTICS CONTAINED IB
IN TBE WZDEUkL RESERVE RBLBASES 2.7 AND Z.I. IB THOSE RELEASES, PUBLISH1D LEVELS OF CREDIT MARKET DEBT ARE HEASOBED OB A
A QUARTER-END BASIS AND INCLODE DISCONTINUITIES.
•MSUMB u. A




COMPONENTS OF THE MONEY STOCK
MHfcMM of dollar*, aaaaonally adfuatod

Othar

com*man*
mail
mat*
ont/

_

•atadad nontianaacttant Mama
ft* Mltimadapo * a «
at
at

at

LanMtlmailap** a >
at
at
tfcjtft
commercial
aanfca" ktatHuttor*

152.8
154.3

5.1
5.1

246.3
248.9

138.3
139.0

1712.8
1722.0

559.4
569.4

JULY
AUG.
SEPT.

155.0
155.9
156.8

5.2
5.2
5.1

247.3
246.8
247.5

139.4
141.0
142.2

1733.3
1744.0
1756.9

581.8
586.0
592.6

128. 1
127.0
126. 1

171.0
169.5
168.5

299. 1
296.5
294.6

374. 7
378. 8
381. 7

468. 9
476. 2
482. 8

843.6
855.0
864.5

254. 6
255. 0
258. 0

134. 6
137. 6
138. 0

389. 3
392. 6
396. 0

OCT.
NOV.
DEC.

157.1
157.9
158.7

5.0
5.1
5.2

244.5
246.8
248.6

141.8
143.9
146.0

1770.9
1792.5
1813.2

605.8
613.6
623.3

124.9
123.8
122.6

167.7
166.9
166.0

292.6
290.7
288.6

383. 1
384. 5
387. 0

489. 6
494. 0
498. 6

872.7
878.5
885.6

263. 2
263. 6
264. 4

141. 9
147. 1
151. 8

405. 1
410. 7
416. 2

1985-JAN.
FEB.
MAR.

159.4
160.5
161.3

5.3
5.3
5.4

249.1
251.7
251.9

149.0
151.8
153.6

1836.2
1851.6
1857.1

621.7
620.0
626. 1

121.6
121.4
120.3

166.9
168.0
168.4

288.6
289.4
268.6

384.7
382.0
382.8

497. 2
495. 6
495. 6

661.9
877.6
876.6

262. 3
264. 4
269. 5

154.6
154.9
154.2

416. 9
419. 3
423. 6

161.7
16J. 1

5.5
5.5

252.5
255.8

155.3
157.3

1852.6
1862.9

628.4
630.8

119.6
120.4

16 8.3
169.0

287.9
289.4

387.6
369.9

497. 8
501. 9

885.4
891.8

272. 9
272. 0

154. 3
156. 0

427. 3
428. 1

1984-HAY
JUNE

APR.
HAY
WEEK
1985
HAY

JUNE

1/
2/
3/

4/

5/
6/
7/
8/

9/
10/




Cunancy*

Yianlin
chaste*

Oamand
dapaaMa*

ohaofcaMa
dapoanV

'

«_

at
oomm-cial
bank*
128.6
128.7

Data

tnrtft

172.7
172.1

tola1

tnrtft

total

301.5
300.8

banks
366. 2
371. 0

456.4
463.0

822.6
834.0

245. 2
249. 4

6"
130. 1

8
3791 5

total

ENDING

6
13
20
11

162.4
162.5
163.2
U3.7

253.8
253.1
256.3
257.5

156.0
156.8
157.2
158.3

120.2
120.3
120.4
120.5

389. 3
389. 3
390. 0
390. 7

273.6
273.4
271.9
27 0.8

3
10 P
17 P

16 3.5
164.3
164.5

258.4
261.2
259.7

158.5
159.8
159.6

121.0
121.7
121.9

390. 4
390. 1
390. 4

269. 4
267. 8
268. 8

CURRENCY OOTSIDE IbE U.S. TREASOfiY, FEDERAL RfiSERYE BANKS AND VAOLTS OF COMMERCIAL BAMKS. EXCLUDES IHE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF O.S. OOLLAR-DENOHINATED TRAVELERS CHECKS CF NONBAIK ISSUERS. TRAVELERS CHECKS ISSUED EY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEflARD DEPOSITS AT COHHERCIAI BANKS AND POREIGN RELATED INSTITUTIONS OTHER THAN THOSE DOE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT.
EXCLUDES THfc ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIPT INSTITUTIONS TO SERVICE THEIR CCD
LIABILITIES.
CONSISTS OF NOW AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNICN SHARE DRAFT BALANCES AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFFERENCE BETWEEN THE
SEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AMD SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDED ARE ALL CEILING
FREE "SUPER NOI.S," AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEREGULATION C0MHITTB2 TO BE OFFERED BEGINNING JANUARY 5.
1983.
SUM OF OVERNIGHT BPS AND OVERNIGHT EURODOLLARS, MONEI MARKET FUND BALANCES (GENERAL PURPOSE AMD BROKER/DEALER),
HMCAS, AND SAVINGS AND SHALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AHOORT OF
DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS LIABILITIES.
SUM OF LARGE T1MF DEPOSITS, TERM RPS AND TERM EURODOLLARS OF U.S. RESIDENTS. MONEY MARKET FUND BALANCES (mSTITDTICMONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMCORT OF OVERNIGHT RPS AMD EURODOLLARS HELD BY
INSTITUTION-ONLY HCNEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE flMDAS.
SMALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL B P S — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AID KEOGH ACCOUNTS AT COMMERCIAL BilKS AND THRIFTS ARE SUBTRACTED FROM SMALL
TIMB DEPOSITS.
LARG£ DENOMINATION TIME DEPOSITS ABB THOSE ISSOED IN AMOUNTS OF $100,000 OB HOBE, EXCLUDING ~HOSE BOOKED AT
INTERNATIONAL BAhKING FACILITIES.
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY MONEY HARKET MUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIORS.

H.6 (508)
Table 4

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




Oate

3/
4/

commercial paper'

Debt components4
non-federal debt
federal debt

242.0
241.5
251.6

44.7
46.5
47.7

146.1
152.0
155.5

1236.8
1251.9
1261.3

4218.0
4263.8
4309.7

JOLX
10G.
SIPT.

73.1
73.3
73.6

259.9
269.2
280*4

48.2
47.8
46.8

159.4
160.5
157.2

1277.9
1299.0
1311.1

435J.1
4391.2
4431.0

OCT.
MOV.
DEC.

73.7
73.9
74.1

279.8
274.9
271.6

44.8
42.5
41.3

156.7
157.6
161.8

1325.2
1347.2
1367.0

4477.3
4530.7
4586.1

1985-JAN.
FEB.
HAH.

74.4
74.9
75.3

272.7
275.0
279.5

40.8
42.5
44.3

159.6
164.8
169.8

1385.3
1401.0
1413.5

4633.4
4673.7
4716.8

75.8

282.6

44.0

168.9

1429.0

4762.7

API.

2/

Non-M3 components of L
bankers acceptances*
short-term treasury
securities'

72.5
72.7
73.0

19 8 4 - A PR.
BAT
JOHE

1/

savings bonds

P

CONSISTS OP D . S . TfiBASOII BILLS AMD COOPOMS HITH B B H A I I I I G BATOBITIES OF LESS THAU 12 HOMIHS HELD BT ClHEfi TRAM DEECSITOBY
I N S T I T U T I O N , PBDBBAL BESEBVB BANKS, HO MET BABKBT B0T0AL PONDS AND FOBEIGN B N I I I I E S .
NET OP BANREBS ACCEPTANCES BE1D B I ACCEPTING BANKS, rEOBBAL BESEBVE BANKS, POBEIGN O F F I C I A L I N S T I T U T I C M S , THE FBDEBAL
HOME LOAN BANK SXSTBH AND flONEI BABKBT BDTOAL PONDS.
TOTAL COHBEBCIAi PAPBB LESS COBBEBCIAL PAPBB HELD Bf BONET BASKET BDTUAL FUNDS.
DJBBT DATA ABB ON A BONTHLY AfBBAGE B A S I S , DEBITED B I AfBBAGING EMD-Or-HOMTH LEVELS OF ADJACENT N O N I U S , AND HAVE BEEN
ADJUSTED TO BEBOVE DISCO 1 1 1 MO H I E S .

H.6 (508)
Table 5

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

Currency1

Travelers
checks2

Demand
deposits3

at commercial
banks4

at thrift
institutions5

Nontransactions components
total

in M2 6

in M3 only7

Overnight
RPs8

Overnight
Eurodollars9

General
purpose and
broker/dealer
money market
funds

152.9
154.9

5.0
5.4

242.1
247.8

100.3
101.7

37.1
38.1

137.4
139.8

1714.0
1724.3

560.8
568.0

46.2
43.3

12.1
12.6

146.5
148.9

JDLY
AUG.
SEPT.

156.3
156.5
156.5

5.8
5.7
5.4

248,4
243.8
246.1

101.0
100.7
101.7

38.4
38.2
38.8

139.4
138.9
140.5

1735.8
1742.7
1750.3

578.0
587.1
592.1

42.7
45.0
44.1

13.6
13.5
12.6

150.5
150.6
152.1

OCT.
NOV.
DEC.

156.7
158.7
160.9

5.0
4.8
4.9

245.8
248.9
257.4

101.5
103.1
105.9

39.3
40.4
41.3

140.8
143.4
147.2

1768.4
1788.5
1806.2

604,0
616.0
625.5

44.7
47.9
45.2

12.1
10.1
12.3

155.6
162.0
167.5

1985-JAN.
FEE.
HAS.

158.3
158.6
159.8

4.9
5.0
5.1

254.9
244.9
246.3

108.3
107.8
109.9

41. 6
42.3
43.8

150.1
150.1
153.6

1835.9
1855.9
1864.6

620. 1
619.8
627.6

48.7
56.3
55.7

14.1
13.3
12.1

171.9
175.1
177.6

APR.
MAY

161.2
163.2

5.2
5.4

255.1
251.4

114.1
110.5

46.0
45.7

160.1
156.2

1857.8
1864.3

628.4
632.6

47.4
51.3

11.8
12.6

176.3
172.1

1984-MAY
JUNE

HEEK ENDING:

1985-MAY

JUNE

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

6
13
20
27

162.7
163.4
163.2
163.4

252.9
251.8
253.5
246.0

111.2
110.9
110.4
109.3

46.5
46.0
45.5
44*8

157.6
157.0
155.9
154.1

46. 1
48.1
52.2
54.4

13.2
11.6
12.7
13.0

171.9
172.1
172.0
172*4

3
10 P
17 P

163.4
166. 1
165.3

257.1
262.9
261.6

112.0
115.8
114.9

46.5
48.4
47.6

158.5
164.2
162.5

58.1
49.0
50.4

12.5
12,4
11.8

172.5
173.8
175.2

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BAIKS AND THE VAULTS OF COMMERCIAL BASKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIB OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOHIHATED TRAVELERS CHECKS OF NONBASK ISSUERS. TRAVBLERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DOE TO DOMESTIC BAIKS, THE U. S« GOVERNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT, LESS THE ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SEBVICE THEIR OCD LIABILITIES.
CONSISTS OF NOM AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER NOUS OF $39.3 BILLION IN THE SEEK ENDED JOIE 3, $40.3 BILLION IN THE 11IK ENDED JUNE 10
AND $40.3 BILLION IN THE WEEK ENDED JUNE 17.
CONSISTS OF NO* 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 OF 116.4 BILLION IN THE 1ESK ENDID JUNE 3, $16.9
BILLION IN THE WEEK ENDED JUNE 10, AND $16.6 BILLION IN THE 8EEK ENDED JUNE 17.
SUM OF OVERNIGHT £PS AND EURODOLLARS, MONEY MARKET FUND BALANCES (GENER1L PURPOSE AND BBCKEB/DEALEH), MHDAS AMD SAVINGS
AND SHALL TIME DEPOSITS LESS TBE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESEN1S 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 COMMERCIAL vEANKS TO OTHER TBAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUMLS (GENEBAL PURPOSE AND BROKER/DEALER).
ISSUED BY FOREIGN EBANCHES OF U.S. BANKS WORLDBIDE TO U.S. RESIDBNTS OTfiEB THAN DEPOSITORY INSTITUTIONS AID
HONEY MARKET MUTUAL FUNDS (GENEBAL PURPOSE AND BROKER/DEALER).




H.6 (508)
Table 5-continued

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

Date

Money narket deposit accounts
at
at
total
thrift
commercial
banks
institutions

at
commercial
banks

Savings deposits
at
thrift
institutions

total

Small denomination time deposits2
at
at
commercial
thrift
total
banks
institutions

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

245.3
245.9

154.1
151.9

399.
397. 8

130.2
130.0

173.8
174.4

304. 0
304. 4

362.0
367.1

450.9
457.2

812. 9
824. 4

243.1
248.5

124.6
129.7

367.7
378.2

JULY
AUG.
SEPT.

244.9
243.6
244.8

149.3
145.3
143.8

394. 2
388. 9
388. 6

129.3
126.8
125.2

173.3
168.9
167.4

302. 6
295. 7
292. 6

372.7
379.9
384.0

466.6
475.9
483.4

839. 3
855. 8
667. 4

253.5
256.4
259.3

134.6
138.7
138.6

388.0
395.1
397.9

OCT.
NOV.
DEC.

248.2
257. 1
267.1

143.9
145.4
147.9

392. 0
402. 4
415. 1

124.3
122.7
121.4

167.4
166.1
164.9

291. 7
288. 8
286. 3

366.2
387. 1
387.6

493.2
497.4
499.4

879. 4
884. 5
887. 0

264.0
263.6
265.9

143.1
147.6
151.1

407.1
411.2
416.9

1985-JAN.
FEB.
MAS.

260.4
289.3
294.0

153.2
159.0
163.9

433. 7
448. 4
457. 9

121.1
120.4
120.6

165-7
166.5
168.2

286. 9
286. 9
288. 8

3*6.3
3€4.1
383.7

502.0
499. 5
496.2

886. 4
883. 6
880. 0

263.0
263.9
269.6

154.1
154.9
153.3

417.1
418.8
423.1

APR.
MAY

295.9
298.2

164.4
165.5

460. 3
463. 7

120.9
121.7

169.3
170.2

290. 2
291. 9

3€3.9
385.2

495.6
495.4

879. 4
880. 5

270.4
269.9

153.4
156.0

423.8
425.9

1984-MAY
JUNE

WEEK

1985
MAY

JUNE

1/
2/

V
4/

ENDING

6
13
20
27

294.6
296.7
298.6
3C0.J

121.2
121.6
121.6
121.9

384.6
364.8
385. 1
3£5.8

269.9
270. 4
269.7
270.1

3
10 F
17 P

303.0
306.0
307.7

122.4
123.3
123.2

385.8
386.0
366.2

269. 1
268.4
267.8

SAVINGS DEPOSI1S EXCLUDE flMDAS.
SMALL DENOMINATION TIME DEPOSITS — INCLUDING EETAIL BPS — ABE THOSE ISSUED 18 AMOUNTS OP LESS THAU $100*000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS {IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BAiKS ABB THfilFTS ABE SDBTHACTBD FBOH SHALL
TIME DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ABE THOSE ISSUED IN AMOUNTS OF $100,000 C& ROBE, EXCLUDING THOSE BOOKED AT INTE2NATIOHAL
BANKING FACILITIES (IBFS).
LARGE DENOMINATION 11 HE DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY 8O8EY MARKET MUTUAL FUNDS, DEPOSITORY
INSTITUTIONS AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (508)
Table 5-continued

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

Term RPs1
Date

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

Term
Eurodollars2

Savings
bonds

Non M3 Components of L
Short-term
Bankers
treasury
acceptances 4
securities 3

Components of Debt
Commercial
paper8

Federal debt*

Non-Federal*
debt

45.3
45.7

32.0
29.2

27.5
30.0

59.5
59.2

93.0
89.3

72.6
72.8

238.8
249.1

45.7
47.2

152.1
158.3

1248,7
1255.8

4240.7
4291.9

JULY
AUG.
SEPT*

46.1
46.2
46.9

28.1
30.7
31.3

31.8
33.4
35.4

60.0
64.1
66.6

88.3
86.5
85.6

73.0
73.3
73.5

258.0
265.9
275.5

47.5
47.7
47.2

161.2
159.8
158.4

1270.8
1295.8
1310.5

4338.8
4376.3
4419.2

OCT.
NOV.
DEC.

52.2
58.3
62.7

33.1
35.4
32.5

36.1
35.3
37.3

69.3
70.7
69.7

80*6
81.9
83.2

73.8
74.0
74.4

278.1
272.1
269.0

45. 1
43-3
42.8

158.3
159.4
156.9

1323.0
1343.0
1364.7

4469.0
45Z3.1
4582.5

1985-JAN.
FEB.
HAB.

65.0
62.2
59.5

29.9
31.2
32.7

35.1
34.5
36.2

65.0
65.7
68.9

81.2
81.3
84.5

74.6
74.9
75.3

275.2
280.7
288.3

42.0
42.7
43.2

157.3
164.2
167.7

1383.1
1397.4
1412.0

4627.4
4655.4
4689.4

APR.
MAI

59.6
63.5

35.2
33.4

36.7
36.4

71.9
69.8

80.3
80.1

75.6

284.9

42.6

169.3

1427.1

4734.1

6
13
20
27

60.9
62.7
62.8
65.8

31.7
32.1
34.1
35.3

3
10 P
17 P

65.8
65.5
67.0

33.7
33.4
32.5

1984-MAY
JUNE

HEEK ENDING:

1985-BAY

JUNE

1/

2/
3/
4/
5/
6/

TERM B P S ARE THOSE HITH ORIGINAL MATURITIES GREATER THAN ONE DAY. EXCLUDING CONTINUING CONTRACTS AND

fiETAIL

B P S . INCLUDES

A RELATIVELY ShKLL AMOUNT OP OVERNIGHT BPS AT THRIFT INSTITUTIONS.
TERM EURODOLLARS ARE THOSE HITH ORIGINAL MATURITIES GREATER THAN ONE DAY. CONSISTS OF TBOSE ISSUED TO U.S. RESIDENTS BY
FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE AND BY ALL BANKING OFFICES IN TEE UNITED KINGDOM AND CANADA. EXCLUDES TBOSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEY MARKET MUTUAL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AND COUPONS SITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BI OTHER THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS* MONEY MARKET MUTUAL FUNDS# AND FOREIGN ENTItlES.
NET OF BANKERS ACCEPTANCES flELD BY ACCEPTING BANKS, FEDERAL BESElfE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM hhQ MONEY MARKET MUTUAL FUNDS.
TOT AX COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MABKBT MUTUAL FUNDS.
DEBT DATA ARE OS A HCNTHLY AVERAGE BASIS, DERIVED BY i7BRACING SND~OF~HOliTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6 (508)
Table 6

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

Date

foreign
commercial
banks

foreign
official
institutions

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

U.S. government deposits
demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

note balances
at commercial
banks
and thrift
institutions

total demand
deposits and
note and
FR balances

IRA and Keogh Accounts
time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

money
market
mutual funds

total

[~

17.4
16.2

0.9
0.9

39.4
40.0

52.9
53.9

6.3
6.2

98.6
100.0

14.1

15.8
13.9
23.6

0.9
0.9
1.0

40.6
41.3
41.9

54.7
55.1
55.9

6.2
6.2
6.2

101.5
102.7
104.0

4.0
3.2
3.4

8.4
7.5
9.1

15.1
13.6
16.0

1.0
l.t
1.0

42.6
43.2
43.8

56.9
57.7
59.0

6.2
6.5
6.9

105.7
107.3
109.7

3.7
3.1
3.6

4.0
4.3
3.8

14.9
12.7
9.2

22.5
20. 1
16.6

1.1
1.1
1.0

45.3
47.0
48.8

61.4
63.1
65.4

7.4
7.7
7.9

114.0
117.9
122.1

8.5
8.4

3.9
3.1

6.6
6.7

11.5
17.8

22.0
27.6

1.0
1.0

53.5
55.1

69. 3e
71.1e

8.5e
8.7e

131.2e
134.9e

2.3
2. 1
2.2
1.9

8.5
8.4
8.4
8.4

4.8
2.5
3.2
2.4

15.7

21.6
21.9
18.2
14.6

42.1
32.4
24.8
20.2

1.0

1.9
1.6
2.2

8.3
8.4
8.3

2.8
3.0
4.7

2.7
2.3

9.8
5.4
4.7

15.2
10.8
11.3

t.o

10.0

3.9

4.6
3.8

8.4
9.0
9.4

2.8
2.9
3.4

4.0
3.6
6.0

9.0
7*5

1.8
2.1
2.0

9.2
9.4
9.5

2.7
2.8
3.4

8.5
8.3
7.5

1.9
2.1
1.8

9.2
8.9
8.7

7.6
7.8

1.9
2.1

13
20
21

7.9
7.9
8.0
7.7

3
10 P
17 P

7.6
8.3
7.6

8.7
8.6

2.1
2.0

8.2
8.4

2.7

JULY
AUG.
SEPT.

8.7
8.4
8.4

2.0
1.9
2.0

CCT.
NOV.
DEC.

8.5
8.8
8.6

1985-JAN.
FEB.
MAR.
APR.
MAY

1984-MAY
JUKE

KEEK

1985
HAY

JUNE

8.5

ENDING:

6

e = estimated




8.0
3.5
3.2

t.o
1.0
1.0
1.0
1.0