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

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FEDERAL RESERVE statistical release
M.6(508)
"feble 1

MONEY STOCK, UGUSP ASSETS, AND DEBT MEASURES

JUVB

Billions of dollars
M1
Sum-of currency,
travelers checks,
j
fj&mandi deposits And
1
; oibof checkable deposits

Date

1984—APB.
HAY
JUNE

JD1I
AUG.
SEPT.
OCT.
NCV.
DEC.

1985— JA8.
FEE.
MAR.
APfi.

M2
M3
M2plus
M1 plus overnight RPs
and Eurodollars,
large time deposits,
MMMF balances (gen. pur. term RPs, term Eurodollars
and institution-only
end broker/dealer), MMDAs,
•nd savings and small
MMMF balances'
2
time deposits
Seasonally adjusted

6 , 1985

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors5

539.2
542.5
547.3
546. S
548.9
551.5
548.3
553.8
558.5

2241.1
2255.2
2269.3
2280.2
2292.8
2308.4
2319.3
2346.3
2371.7

2787.0
2814.6
2838.8
2862.0
2878.8
2901.0
2925.0
2959.9
2995.0

3292.3
3327.4
3366.5
3402.7
3429.7
J459.0
3480.2
3508.9
3544.0

5458.0
5519.7
5575.5
5635.0
5692.6
5741.1
5796.9
5866.8
5936.6

362.7
569. 4
572,1
575.0

2398.9
2420.9
2429.0
2427.7

3020.6
3041.0
3055.4
3057.5

3568.1
3597.7
3623.7

6001.0
6062.1
6121.5

noi MtasooMfy ao|w39oa
1984—APE.
MAY
JUNE
JOLY
AUG.
SEPT.
OCT.
MCV.
DEC.

545.6
537.3
537.9
549.9
545.0
543.5
548,2
S'i5.9
570*4

2252.2
2251.3
2272.3
2285.7
2287.7
2298.8
2316.6
2344.4
2376.7

2797.9
2812.2
2840.3
2863.6
2874.8
2890.9
2920.6
2960.4
3002.2

3304.1
3321.3
3367.8
3403.3
3423.4
3447.5
3475.9
3509.3
3545.3

5431.8
5493.5
5552.3
5613.6
5674. 1
5728.5
5786.5
5854.6
5930.2

1985—JAH.
F£E*
MAB.
APfio

568,3
558.6
564.9
581. 6

2404.2
2414,4
2429.3
2439.6

3024.3
3034.3
3057.1
3069.4

3573.5
3596.4
3631.2

5992.5
6038.2
6090.8

13-w^k averaga

Seasonally adjusted
4-week average

For period

week average

13-week average

Not seasonally adjusted
4-week average

week average

1985-APH.

1
8
15
22
29

568.2
569. 1
570. 1
571.1
572.0

572.4
573.1
574.0
574.8
574.9

575.0
574.0
573.7
576.4
575.5

564.4
564.0
565.0
566.5
567,9

564.7
569.1
575.0
581.8
581.8

567.5
586.0
588.5
585.0
567.7

HAY.

6

573.0
573.8
574.8
575.7

575.8
576.9
578.3
580.7

577.7
577.8
582.3
584.9

569.3
570.6
572.1
573.3

579.9
577.2
575.4
575.7

578.5
577.5
578.0
568.8

27 P

MOTE:

SPECIAL O U T I Q i SHOULD BE TAKEW IW IiTEBPBETIMG IEEJ-TO-HBEK CBAIGES I I BOHEI S0PPLI DATA, tBICH ABE
BIGHLY VOLATILE AHt> SUBJECT TO BEVISIOB.
£»—XB3ICATES PKELiaiKABY DATA.
FOOTNOTES APPEAL CM THE FOLLOSIIG PAGE




H.6 (508)
Table 2

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

M1

M2

M3

Debt1

3 MONTHS FBOB JAM.

1985 TO APR. 1985

8.7

««8

4.»

12.5

6 MONTHS FROM OCT.

1984 TO APfi. 1985

9.7

9.3

9. 1

13.3

12 SOUTHS FROfl APfi.

1984 TO APR. 1985

6.6

8.3

9.7

13.4

THIRTSB1 BBEKS ENDING HAT 27, 1985
FROH THIRTEEN REEKS ENDING:

1/

1/

2/

3/

4/
5/

FBfi.

25, 1985 (13 WEEKS PREVIOUS)

NOV.

26, 1984 (26 REEKS PREVIOUS)

9.0

MAY.

28, 1984 (52 REEKS PREVIOUS)

6.7

9. •

GHOMTH RATES FOR DEET ARE BASED ON PERIODS BEGINNING AND ENDING ONE HONTi EARLIER THAN FOR THE HONETAR1 AGGREGATES,
NAMELY, OECEHBER 1984 TO O1BCH 1985, SEPTEMBER 1984 TO MARCH 1985, AND MARCH 1984 TO MARCH 1985, RESPECTIVELY.
FOOTNOTES TO TABLE 1
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AN£ THE VAULTS OF COMMERCIAL BANKS;
(2) TRAVELERS CHECKS OF NONBANK ZSSUEBS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSf DUE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS
OF COLLECTION AMD FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER
OF WITHDRAWAl (NOB) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPCSITORY INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS, THE CURRENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AMD DEMAND DEPOSITS, RESPECTIVELY, HELD BY
THBIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF Ml PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY AL£ COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BI FCfiEIGN BRANCHES OF U.S. BANKS WORLDWIDE, HMEAS, SAVINGS AND SHALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL RPS—IN AMOUNTS OF LESS T£AN $100,000), AND BALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER NOME* MARKET HU1UAL FUNDS. EXCLUDES 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 GCVERNMENIS AND COMMERCIAL BANKS, AND
THE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPBESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THBIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF M2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OB MORE) AND IEBB RP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY 0.5. 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 DEfOSITOBY INSTITUTIONS, THE U.S. GOVERNMENT, HONEY
MARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRAC1ED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY HONEY MARKET MUTUAL FUNDS.
CONSISTS OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SJiOBT-TEfiH TREASURY SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF HONEY MARKET MUTUAL FUND HOLDINGS CF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE BONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE BONDS, MORTGAGES,
CONSUMES 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 CF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMBSTIC
NONFINANCIAL SECTORS ABE PRESENTED IN MCNTH-AVERAGE FORM, DERIVED BY AYEBAGING MONTH-END LEVELS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT HAY AHISE IN THE UNDERLYING FLOB OF FUNDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FROM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED IN
IN THE FEDERAL RESERVE RELEASES 2.7 AND Z.I. IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE MEASDRBO ON A
A QUARTER-END BASIS AND INCLUDE DISCONTINUITIES.




M.6(S08)

COMPONENTS OF THE MONEY STOCK
Stiltons of dollars, MMSorarily

rtMtod
9#fc>cteKJrccotrorttacttonaitems

MontremMKtiOftft
kftAOt%

In MS

1 f-rc
et
commercte!

6c

152. 1
152.8
154.3

5,1
5. 1
5. 1

245,9
246.3
248.9

136. 1
130.3
129.0

1701.8
1712.8
1722cO

545.9
559»4
569.4

129. 3
120.8
128. 7

172.6
172.7
172.1

301.9
30 1.5
300,8

366.2
37?.0

et
tfwift
instttuttons
450.0
456.4
463.0

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

S733.3

1744.0
1756.9

58U8
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*9
381.7

468.9
476.2
482.8

843.6
855.0
864.5

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
124.9
613.6
123.8
623.3 '•• 1 2 2 . 6

167.7
166.9
166.0

292.6
290.7
288.6

383.1
384.5
387.0

489.6
U94.Q
498.6

1985-JAH.
PEB.
BAR.

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
1851.5
1856.9

621.7 I
620.0
626.4

121.6
121,4
120.3

166.9
168.0
168.4

288.6
289.4
288.6

384.7
382.0
382,8

APR.

161.7

5.5

252.5

155.3

1852.7

629.6

119.6

168.3

287.9

367.6

Data

1984-APR.
BAY
JUHE

Cuftwncy*

n?

ctectabte

st

tfepoeite'

at
ttlffft

6*

urn
361,2

Mm*
fit
total

130. 1

357.7
369.8
379.5

254.6
255.0
258.0

134,6
137.6
136.0

389.3
392.6
396.0

872.7
878.5
885.6

263.2
263.6
264.4

141.9
147. 1
151.8

405. 1
410.7
416.2

497.2
495.6
495.8

881.9
877,6
878.6

262.3
264.*
269.5

154.6
154.9
154.2

416.9
419.4
423.7

498. 1

885.7

272.8

154.3

C27. 1

611.2
622.6
834.0

237.6

120. 1

245.2

SEEK ENDING
1985
APR.

BAY

1/
2/
3/

4/

5/
6/
7/
8/
9/
10/

1
6
15
22
29

161.5
161.8
161.2
161.6
162.2

253.8
251.8
252.0
253.0
252.8

154.3
155,0
155.0
156.2
155.0

119.9
119.5
119.3
119.6
119.7

384.7
387.1
387. 1
388.2
388.0

271.6
271.2
271-9
273.6
274.9

6
13
20 P
27 P

162.4
162.5
163.2
163.6

253.8
253.0
256.4
257.5

156.0
156.8
157.2
158.3

120.2
170.3

389.3
389.3
390.2
390.8

273.3
27 3.1

120.5

270^4

CORRBBCI OUTSIDE TBE 0 . S. TREASURE, FEDERAL RESERVE BABKS AMD VAOLYS Of COHHERCIAL BASKS.
35ICLQBE5 THK ESTISfcTUJB
ABOUHT OP VAULT CASS HBLD BI THBIPT IHSTITOTIOKS TO SERVICE TBEIR OCO L l A B I i l f X E S ^
OUTSTABDIHG AWOU1IT OF U . S . DCL1AS-DEROBIWATBO TRAVELERS CHECKS OP HOBBASR ISSUERS- TRAVELERS CHECKS ISSUED fif DBPOSITOHT
IUSTITUTIO3S A&E I I C L O D C D IM DESA«D DEFOSITS.
DEMAND DEPOSITS At CO8HERCIAL BASKS ARD PO«EIGK BELATED INSTITUTIONS OTIEB THAR TB0S2 DUE TO DOMESTIC BASKS* 1'flE C - S * GOVESNnZBI AKD POFEIGN BANKS AND'OFFICIAL I&STITUTIOKS LESS CASK ITEHS IN THE PROCESS OF COLLECTION AJID FEDEEAL aESUHVE PLCIlT«
EXCLUDES THE ES1IBATED aHOUUT OF DEWAXD DEPOSITS HELD AT CCRHEECIAL BA««S BI THBIFT IHSTITCTIOMS TO SERVICE THEIR CCD
LIABILITIES.
CONSISTS OF NOg BID fiTS BALANCES AT ALL DEPOSITOHT I JBSTITUTIvOIKS, CBEDIT DNICIt SHAKE DRAFT BALANCES ^5»D
DEBAND DEPOSITS AT TH81FT IHS1IT0TIOKS*
OTHEP CHECKABLE DEPOSITS SEASOIALL2 ADJOSTED fQUALS THK 01FFE&CRCE BETHBKR THE
SEASOHALLT ADJUSTED SUH OF D¥.tik»Q DEPOSITS PLOS OCD AND SEASONALLY. ADJUSTED DEfShHH DEPOSITS. IBCL0DPD S8E khh
CZXlldG
W
FREE '•SUPER NORS,
AUTHORIZKD DI THE DEPOSITORY INSTITUTIONS DEBEGlftftTICK COHBJTTKE TO £K CFFEEED ££GIW8X!iG JHRUABT 5 e
1983*
SUM OF OVEBRIGST RPS SHD OVE8NIGHT EnponOLL&EtS, KONEt 9*nH£T FUfcDBALANCES (GEK2SAX. VUSPOSZ MV Sf.OK.ZR/DE&LES) „
J!BDAS, £SD SAVINGS AKD SBALL YlflE r-ETOSITS, LESS THE COWSOLIDATIO* ROJU.STHBNT 1P*.T P.L'PRESE RTS Tfig E.S^IttATBD RflOUHt OF
DEWRND DEPOSITS AXD VAULT CASH HELD Bf THRIFT INSTITUT ICffS TO SERVICE THEIR TlfiE AND SAYINGS D^POSIIS L I A B I S . I T I S S .
SUB OF LARGE T I B S DEPOSITS, XFRR SPS AKD TERK EURODOLLARS Of U . S . RESIDENTS, KGW2T.Y nASKET ?USD BAiAPCES (INSTITUTICBOKLY), LESS A CCNSOLIDATIOR ADJaSTRENT TFiAl PEPRESEHIS THE SSTISUTKD A«OUNT Of OVE8RIGHT HVS kY.Q tU P.C.DCLLAKS BELD BY
INSTITUTION-ONIY HCBEY flASKEt JOBDS.
SAVINGS DEPOSITS EXCLUDE «RD^S.
SHALL DSROrtlHATION T in ?. DEPOSITS—IHCLODIVG BETAIL &VS— ABE THOSE ISSOfD IK &ROU8TS OF LESS THAIS $ 1 0 0 , 0 0 0 . khh
INDIVIDUAL RBTIBE«E*»T ACCOUNTS (IRA) AMD KEOGH ACCOUNTS IT CG«HERCIAL BiiRKS khl) THhlPTS ARE SOBTfiUCTID FBOh S R A l t
TIBE DEPOSITS.
LARGE DEHO«INATIO« TIRE DEPOSITS ARE TliOSE ISSUED IK ABOOHTS OP $100 f f 00C^CR JSORg, EXCLODItlG TKCSE &OOKBD kt
INTKRNATIOSAL BANKING F A C I L I 1 I E S .
LARGE DENOfllNATIOH TIBE DEPOSITS AT COMMERCIAL BARKS LESS THOSK HELD BI fiOHEI fSARKET ftUTU*L FORDS,
DEPOSlTORr INSTITDTICMS A«D FOREIGM BASKS APD OFFICIAL INSTITUTIONS.




H.6 (506)
Table 4

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

Data

savings bonds

Non-M3 components of L
bankers acceptances2
short-term treasury
securities1

commercial paper3

Debt components4
federal debt
non-federal debt

1984-HAB.

72.1

243.4

44.0

142.9

1224.6

4173.7

APB.
HAY
JUME

72o5
72.7
73.0

242.0
241.5
251.6

44.7
46.5
47.7

146.1
152.0
155.5

1236.8
1251.9
1261.3

4221.3
4267.8
4314.2

JULY
AUG.
SEPT.

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

4357.1
4393.6
4430.0

OCT.
NOV.

73.7
73.9
74.1

279.9
275.0
271.8

44.8
42.5
41.3

156.7
157.6
161.8

1325.2
1347.2
1367.1

4471.7
4519.6
4569.6

74.4
74.9
75.3

272.7
274.6
279.6

40.8
42.5
44.3

159.6
164.8
169.1

1385.5
1402.2
1414.4

4615.5
4660. 0
4707.1

DEC
1985-JAN.
FEB.
MAS.

1/
2/
3/
4/

CONSISTS OF O.S. THEASUBY BILLS AND COUPONS KITH REMAINING HATDBITIES OP LESS THAN 12 HOHTHS HELD BY OTUEB THAI DEPOSITOBI
INSTITUTIONS, FEDEBAL BESEBfE BANKS, HONEY BASKET HUTOAL FUNDS AND FOfiEIGN ENTITIES.
NET OF BANK ESS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDEBAL HKSEBfB BANKS, FOBBIGN OFFICIAL INSTITUTIONS, Tfll FEDEBAL
HOHE LOAN BANK SYSTEM AND HONEY HASKBT HOTUAL FUNDS.
TOTAL COMHEBCIAL PAPEB LESS COHHBBCIAL PAPEB HELD BY BONBY flABKEt 110TUAL FUNDS.
DEBT DATA ABB OB A MONTHLY AVBBAGB BASIS. DEfilVBD BY AfEBAGING EHD-OF-flONTH LEfBLS OF ADJAC1NT MONTHS, AND HAVB BEEN
ADJUSTED TO BEHOVE DISCONTINUITIES.




H 6 (508)
Table 5

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

Nontransactions components
Overnight
RPS'

Overnight
Eurodollars'

General
purpose and
broker/dealer
money market
funds

Travelers
checks1

Demand
deposits'

151.6
152.9
154.9

4.8
5.0
5.4

248.6
242.1
247.8

103.4
100.3
101.7

37.3
37.1
38. 1

140.6
137.4
139.8

1706.6
1714.0
1724.3

545.7
560.8
568.0

45.2
46.2
43.3

11.1
12.1
12.6

145.9
146.5
148.9

JOLT
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
1806.3

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.
HAD.

158.3
158.6
159.8

4.9
5.0
5.1

254.9
244.9
246.3

108.3
107.8
109.9

41.8
42.3
43.8

150.1
150.1
153.6

1835.9
1855.8
1864.4

620.1
619.8
627.9

48.7
56.3
55.7

U.I
13.3
12.0

171.9
175.0
177.4

APB.

161.2

5.2

255.1

114.1

46.0

160.1

1858.0

629.8

47.4

11.8

176.1

Date

1984-APR.
MAI
JUNE

Currency1

at commercial
banks4

at thrift
institutions'

total

in M2*

In M3 only7

VEEK ERDIRGs
1985-APR.

RAT

1/
2/
3/
4/

5/
6/

7/
8/
9/




1
8
15
22
29

159.3
162.5
161.6
160.9
16 0.1

249.0
256.7
258.8
256.6
247.7

109.9
114.8
116.1
116.1
110.2

44.2
46.8
46.8
46.2
44.4

154.1
161.6
163.0
162.3
154.6

53.5
42.4
47.5
49.4
49.7

13.1
8.5
11.1
14.1
13.2

176.9
177.5
177.6
176.2
173.5

6
13
20 P
27 P

162.7
163.4
163.2
163.3

252.9
251.7
253.6
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

46.2
48. 1
52.2
54.4

13.0
11.3
12.4
12.7

171.6
17.1.9
171.8
172.1

CURRBNCT OUTSIDE TflE 0.S. TREASURT, FEDERAL RESERTE BARKS AHD THE VAULTS CP COMMERCIAL BARKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HZLD BT THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTASDIRG AMOUNT OF U.S. DOLLAH-DENOMINATED TRAVELERS CHECKS OF RORBAIK ISSUERS. TRAVELERS CHECKS ISSUED BT DEPOSITORT
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAR THOSE DUE TO DOMESTIC BAIKS, THE U.S. GOVERRHERT ARD fOBEIGR BARKS ARD
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT, LESS THE ESTIMATED AHOURT OF DEMARD
DEPOSITS HELD AT COMMERCIAL BANKS BT THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF ROM AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BARKS, ARD EDGE ACT
CORPORATIONS. INCLUDES SUPER NOVS OF $38.7 BILLION IN THE WEEK ENDED HAT 13, $38.8 BILLION IR THE VEER ENDED HAT 20
AND $38.4 BILLION IN THE HER ENDED HAT 27.
CONSISTS OF NOW AND ATS BALANCES AT SAVINGS ARD LOAR ASSOCIATIONS AND MUTUAL SAVINGS BARKS, CREDIT ORIOR SHARE
DRAFT BALARCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER RONS OF 116.0 BILLION IH THE KEEK ERDED HAT 13, $15.9
BILLION IN THE KEEK ENDED MAT 20, AND 115.9 BILLION IN THE REEK ENDED HAT 27.
SUH OF OVERNIGHT RPS AND EURODOLLARS, MONET MARKET FUND BALARCES (GEHERIL PURPOSE ARD BBOKER/DEALER), HHDAS ARD SAVIRGS
AND SHALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BT THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUH OF LARGE TIRE DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, MONET MARKET FUND BALANCES (INSTITUTIOR-ORLT)m LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY
MONET MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CCNTRACT RPS ISSUED BT COMMERCIAL BANKS TO OTHER THAN DEPOSITORI INSTITUTIONS AND
MONET MARKET MUTUAL FUNDS {GENERAL PURPOSE AND BROKER/DEALER).
ISSUED BT FOREIGN BRANCHES CF U.S. BANKS WORLDWIDE TO TI.S. RESIDENTS OTHER THAN DEPOSITORT INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS (GENERAL 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 market deposi accounts
at
at
total
thrift
commercial
institutions
banks

;Savings deposits
at
commercial
banks

at
thrift
institutions

total

denomination time deposits2
Small de
at
at
thrift
commercialil
total
institutions
banks

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

246.3
245.3
245.9

154. 7
154. 1
151. 9

401. 0
399, 4
397. 8

130.7
130.2
130.0

173.7
173.8
174.4

304.5
304.0
304.4

358.0
362.0
367. 1

448.2
450.9
457.2

806. 1
812.9
824.4

235.4
243.1
248.5

119.3
124.6
129.7

354.7
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
867.4

253.5
256.4
259.3

134.6
138.7
138.6

388.0
395.1
397.9

OCT.
NOV.
DEC.

246.2
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

386.2
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

• 07.1
41U2
416.9

198 5-JAM.
FEB.
RAB.

280.4
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
166.2

286.9
286.9
288.8

3 €6. 3
384.1
383.7

502.0
499.5
496.2

888.%
883.6
880.0

263.1
263.9
269.8

154.1
154.9
153.3

417.1
418.8
423.1

APR.

295.9

164. 4

460. 3

120.9

169.3

290.2

383.9

495.9

879.8

270.2

153.4

423.6

1984-APR.
HAY
JUNE

IEEK ENDING
1985
APR.

HAY

1/
2/

3/
4/

1
8
15
22
29

295.3
297.2
297.4
295.2
293.9

121.0
121.6
121.0
120.5
120.4

384.3
383.4
383.1
384.4
384.3

271.9
270.9
269.7
269.7
270.9

6
13
20 P
27 P

294.6
296.7
298.6
300.2

121.2
121.6
121.8
121.9

384.6
364.8
385.3
385.9

269.6
270. 1
269.3
269.8

SAVINGS DEPOSITS EICLUDE BMDAS.
SHALL DBNOMINATICH TIllE DEPOSITS —
INCLUDING RETAIL RPS — ARE THOSE ISSUED IN AflOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RET1REHENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COHflERCIAL BAkKS AND THRIFTS ARE SUBTRACTED FBOfl SHALL
TIME DEPOSITS.
LARGE DENOMINATION TIHE DEPOSITS ARE THOSE ISSUED IN AflOUNTS OF $100,000 OR BOSE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IEFS).
LARGE DENOMINATION TIME DEPOSITS AT COflflERCIAL BANKS LESS THOSE HELD BY PONEY flARKET flUTUAL FUNDS, DEPOSITORY
INSTITUTIONS AND FORF.IGH 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
Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

HAT
JUNE

45.0
45.3
45.7

32.5
32.0
29.2

24.8
27.5
30.0

JULY
AOG.
SEPT.

46.1
46.2
46.9

28.1
30.7
31.3

OCT.
HOV.
DEC.

52.2
58.3
62.7

1985-JAN.
FEE.
MAS.
APB.

Oat*

Non M3 Components of L
Short-term
treasury
Bankers
acceptances4
securities'

Components of Debt

Term
Eurodollars1

Savings
bonds

57.3
59.5
59.2

92.1
93.0
89.3

72.3
72.6
72.8

244.1
238.8
249.1

43.4
45.7
47.2

146.4
152.1
158.3

1235.9
1248.7
1255.8

4195.9
4244.8
4296.6

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
267.9
277.5

47.5
47.7
47.2

161.2
159.8
158.4

1270.8
1295.8
1310.5

4342.8
4378.4
4418.0

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

278.2
272.3
269.1

45.1
43.3
42.8

158.3
159.4
156.9

1323.0
1343.0
1364.7

4463.5
4511.6
4565.5

65.0
62.2
59.5

29.9
31.2
32.7

35.1
34.5
36.5

65.0
65.7
69.1

81.2
81.3
84.6

74.6
74.9
75.3

275.2
280.4
288.4

42.0
42.7
43.2

157.3
164.2
167.1

1383.1
1397.4
1412.0

4609.4
4640.8
4678.8

59.6

35.2

37.9

73.1

80.6

15
22
29

59.9
58.4
57.8
59.2
62.6

33.3
40.3
35.5
31.6
34.0

6
13
20 P
27 P

60.9
62.7
62.8
65.8

31.7
32.1
34.0
35.3

1984-APB.

Commercial
paper*

Federal debt*

Non* Federal
debt

4EEK ENDING:
985-APB.

HAY

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

1
8

TBBtt BPS ABE THOSE WITH OBIGINAL HATUilTIES GBEATEB THAN ONE DAT, EXCLUDING CONTINUING CONTBACTS AND BETAIL BPS. INCLUDES
A BELATIVBLT SHALL AHOUNT OP OVEBNIGHT BPS AT THRIFT INSTITUTIONS.
TBBH EUfiODOLLABS ABE THOSE NITH OKIGINAL HATUBITIES GBEATEB THAN ONE DAT. CONSISTS OP THOSE ISSUED TO U.S. BESIDENTS BY
POBEIGN BflANCHES OP U.S. BANKS HOBLDH1DE AND BY ALL BANKING OPFICES IN THE UNITED KINGDOH AND CANADA. BICLODES THOSE HELD
BY DBPOSITOBY INSTITUTIONS AND HONEY MARKET HUTUAL FUNDS.
CONSISTS OP U.S. TBEASUBY BILLS AND COUPONS WITH BEHAINING HATUBITIES OP LESS THAN 12 HONTHS HELD BY OTHEB THAN DEPOSITOBY
INSTITUTIONS, PEDEBAL RESERVE BANKS, HONEY HABKET MUTUAL FUNDS, AND POBEIGN ENTITIES.
NET OP DANKEBS ACCEPTANCES HELD BY ACCEPTING BANKS, PEDEBAL RESERVE BANKS, PCBEIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOHE LOAN BANK SYSTEM AND HONEY HABKET MUTUAL PUNDS.
TOTAL COMMERCIAL PAPEB LESS COMMERCIAL PIPER HELD BY HONEY HARKET HUTUAL FUNDS.
DEBT DATA ABE ON A HONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OP-HONTH LEYELS OP ADJACENT HONTHS, AND HAVE BEEN
ADJUSTED TO BEHOVE DISCONTINUITIES.




H.6 (508)
Table 6

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

Date

foreign
commercial
banks

1984-APB.
HAT
JUNE

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

8.3
8.7
8.6

1.9
2. 1
2.0

8.0
8.2
8.4

3.8
2.7
3.9

6.7
4.6
3.8

12.7
10.0
6.5

23.2
17.4
16.2

0.9
0.9
0.9

36. 1
39.4
40.0

51. 1
52.9
53.9

6.2
6.3
6.2

95.4
98.6
100.0

8.7

8.4
9.0
9.4

2.8
2.9
3.4

4.0
3.6
6.0

9.0
7.5
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

JULT
AUG.
SEPT.

8.4

8.4

2.0
1.9
2.0

CCT.
NOV.
DEC.

6.5
8.8
8.6

1.8
2.1
2.0

9.2
9.4
9.5

2.7
2.8
3.4

4.0
3.2
3.4

8.4
7.5
9.1

15. 1
13.6
16.0

1.0
•1
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

1985-JAN.
FEB.
flAfi.

8.5
8.3
7.5

1.9
2.1
1.6

9.2
8.9
6.7

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
.0

45.3
47.0
48.6

61.4
63.1
65.4

7.4
7.8e
8. 1e

114.0
118.0e
122.4e

APB.

7.6

1.9

8.5

3.9

6.6

11.5

22.0

1.0

53.5

69. 1e

8.7e

131.2e

1
8
15
22
29

7.5
8.3
7.7
7.3
7.1

1.9
1.8
2.0
1.8
1.9

8.7
8.6
8.5
8.6
8.5

2.7
3.2
4.4
4.1
3.7

3.3
3.3
4.5
13.5

11.0
5.6
1.4
17.0
20.4

17. 1
13.2
9.1
25.7
37.7

1.0
1.0
1.0
0.9
1.0

6
13
20 P
27 P

7.9
8.0
8.1
7.7

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
8.0
3.5
3.2

21.6
21.9
18.2
14.6

42. 1
32.4
24.6
20.2

1.0
1.0
1.0
1.0

MEEK

1985
APB.

MAT

ENDING:

estiaated




4.4