Full text of H.6 Money Stock Measures : June 6, 1996

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES6

Forreteaseat4:30p.m. Eastern Time

Billions of dollars

Date

JUNE 6,1996

M1 1

M22

DEBT5

M33
Seasonally adjusted

1994-MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1144.4
1146.1
1151.4
1150.0
1150.4
1148.9
1148.7
1148.7

3511.6
3500.6
3508.0
3504.1
3503.8
3503.9
3506.8
3509.4

4260.6
4258.8
4277.8
4276.5
4285.0
4293.8
4304.7
4319.7

5212.0
5205.9
5230,4
5240.3
5243.0
5261.9
5281.4
5303.7

12801.4
12843.7
12864.3
12926.4
12986.6
13036.8
13111.2
13153.2

1995-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1149.2
1147.8
1148.7
1151.2
1146.2
1144.5
1145.4
1143.8
1140.2
1131.8
1129.0
1124.9

3514.2
3514.1
3519.1
3529.2
3543.5
3574.0
3592.8
3612.7
3625.8
3632.8
3643.6
3660.3

4342.4
4352.5
4369.8
4391.8
4420.0
4458.4
4486.3
4513.8
4534.2
4549.1
4559.8
4573.7

5330.1
5361.5
5396.2
5429.0
5456.3
5495.4
5544.7
5580.6
5626.8
5653.4
5659.3
5684.4

13202.3
13280.9
13344.1
13421.6
13522.1
13580.9
13616.3
13669.2
13709.4
13758.7
13829.7
13871.3

1996-JAN.
FEB.
MAR.
APR.

1119.2
1117.3
1126.6
1123.7

3675.0
3690.3
3724.4
3728.0

4602.3
4640.0
4680.8
4685.1

5704.0
5724.4
5782.4 p

13903.2
13966.8
14047.0 p

Not seasonally adjusted
1994-MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1132.3
1141.9
1150.6
1143.9
1146.5
1147.8
1155.9
1174.2

3498.4
3498.6
3511.6
3502.9
3498.8
3500.5
3513.5
3529.8

4247.2
4256.5
4276.6
4277.2
4278.4
4292.9
4317.6
4341.5

5193.3
5198.4
5225.1
5237.5
5229.1
5253.5
5296.0
5333.2

12732.4
12788.3
12814.8
12874.8
12945.3
13000.7
13085.0
13145.8

1995-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG,
SEP.
OCT.
NOV.
DEC.

1159.0
1134.7
1138.8
1159.8
1133.5
1140.6
1145.2
1138.5
1137.3
1131.0
1136.5
1150.7

3517.2
3495.9
3512.7
3543.6
3530.0
3572.4
3598.3
3613.9
3622.2
3628.8
3649.2
3679.9

4346.9
4334.5
4361.6
4399.2
4406.0
4456.4
4487.0
4517.2
4528.9
4549.0
4572.7
4594.8

5342.7
5350.6
5397.7
5436.6
5437.8
5487.7
5540.9
5581.0
5611.9
5643.0
5672.6
5714.0

13178.6
13232.6
13303.7
13360.2
13432.5
13513.8
13558.8
13605.5
13662.3
13717.5
13793.2
13858.0

1996-JAN.
FEB.
MAR.
APR.

1128.1
1103.6
1115.9
1130.0

3676.7
3670.8
3717.2
3740.9

4606.9
4621.1
4670.6
4689.9

5717.4
5713.6
5783.3 p

13897.6
13950.0
14019.1 p

Footnotes appear on the following page
p

preliminary




Page 2
H.6(508)
Table 2

MONEY STOCK AND DEBT MEASURES
Percent change at seasonally adjusted annual rates
M1

M2

M3

DEBT1

3 Months from JAN. 1996 TO APR. 1996

1.6

5.8

7.2

5.1

6 Months from OCT. 1995 TO APR. 1996

-1.4

5.2

6.0

4.9

12 Months from APR. 1995 TO APR. 1996

-2.4

5.6

6.7

5.3

Thirteen weeks ending MAY 27, 1996
from thirteen weeks endings
FEB. 26, 1996 (13 weeks previous)

0.9

5.5

7.3

NOV. 27, 1995 (26 weeks previous)

-2.0

5.0

6.1

MAY

-2.2

5.5

6.7

1.

29, 1995 (52 weeks previous)

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, December 1995 to March 1996, September 1995 to March 1996,
and March 1995 to March 1996, respectively.

Footnotes to Table 1:
1.

2.

3.

4.
5.

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 (NOW) and automatic transfer
service (ATS) accounts at depository institutions, credit union share draft accounts and demand deposits at thriftinstitutions. Seasonally adjusted M1 is calculated by
summing currency, travelers checks, demand deposits, and OCDs, each seasonally adjusted separately.
Consists of M1 plus 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 retail money market mutual funds (money funds with minimum initial investments of less than $50,000). Excludes individual retirement account (IRA) and Keogh balances at depository institutions and money market funds. Seasonally adjusted M2 is computed by summing savings deposits, smalldenomination time deposits, and retail money fund balances, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.
Consists of M2 plus large-denomination time deposits (in amounts of $100,000 or more), balances in institutional money funds (money funas with minimum initial investments of $50,000 or more), RP liabilities (overnight and term) issued by all depository institutions, and Eurodollars (overnight and term) held by U.S. residents at foreign
branches of U.S. banks worldwide and at all banking offices in the United Kingdom and Canada. Excludes amounts held by depository institutions, the U.S. government,
money funds, and foreign banks and official institutions. Seasonally adjusted M3 is calculated by summing large time deposits, institutional money fund balances, RP
liabilities, and Eurodollars, each seasonally adjusted separately, and 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: The debt aggregate is the outstanding credit market debt of the domestic nonfinancial sectors — the federal sector (U.S. government, not including governmentsponsored enterprises or federally related mortgage pools) and the nonfederal sectors (state and local governments, households and nonprofit organizations, nonfinancial
corporate and nonfarm noncorporate businesses, and farms). Nonfederal debt consists of mortgages, tax-exempt and corporate bonds, consumer credit, bank loans,
commercial paper, and other loans. The data, which are derived from the Federal Reserve Board's flow of funds accounts, are break-adjusted (that is, discontinuities in
the data have been smoothed into the series) and month-averaged (that is, the data have been derived by averaging adjacent month-end levels). The presentation of the
debt data in this release differ, therefore, from the quarterly flow of funds statistics contained in the Federal Reserve releases Z.7 and Z.1. In those releases, published
levels of credit market debt are measured on a quarter-end basis and contain discontinuities.
Note: Updated current and historical data for aggregate and component series in the H.6 statistical release are available each week on the Economic Bulletin Board of the
U.S. Commerce Department. Monthly data are available back to January 1959, and weekly data are available back to January 1975 for most series. For information on
how to access the Commerce bulletin board, call (202) 482-1986 or toll-free (800) STAT-USA (800-782-8872).




Page 3

H.6(508)
Table 3

MONEY STOCK MEASURES
Billions of dollars

Seasonally adjusted
M1
Period ending

M3

M2

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

1996-MAR.

4
11
18
25

1120.6
1120.6
1121.3
1121.5

1119.3
1121.7
1125.7
1128.0

1130.3
1124.1
1130.6
1126.8

3678.5
3683.5
3689.1
3693.6

3697.9
3707.2
3717.0
3722.6

3719.1
3719.9
3730.2
3721.1

4609.8
4618.3
4627.4
4635.3

4651.4
4662.3
4673.8
4679.3

4674.9
4677.8
4687.1
4677.3

APR.

1
8
15
22
29

1121.8
1122.0
1122.2
1122.8
1122.7

1127.4
1127.7
1126.3
1125.9
1122.1

1128.0
1125.4
1124.9
1125.1
1113.1

3698.3
3703.0
3706.8
3710.8
3713.5

3724.3
3728.2
3730.3
3732.1
3727.1

3726.0
3735.5
3738.7
3728.1
3706.0

4642.9
4649.6
4654.8
4660.9
4666.9

4680.0
4682*7
4683.2
4685.0
4683.6

4677.9
4688.6
4688.9
4684.5
4672.2

MAY

6
13
2 Op
27p

1122.9
1123.0
1123.3
1123.0

1121.5
1119.3
1117.6
1117.8

1122.9
1115.9
1118.6
1113.9

3716.9
3720.0
3722.3
3723.8

3723.9
3720.0
3718.3
3721.3

3722.8
3723.1
3721.2
3718.0

4673.6
4678.5
4682.6
4685.6

4685.6
4688.0
4690.4
4695.8

4696.6
4698.7
4693.9
4694.0

Not seasonally adjusted
1996-MAR.

4
11
18
25

1127.0
1124.7
1122.8
1119.3

1105.0
1108.3
1112.8
1115.4

1121.4
1117.8
1118.7
1103.8

3678.1
3680.9
3684.4
3686.5

3678.7
3690.3
3703.4
3712.4

3707.1
3717.0
3723.2
3702.3

4610.7
4616.6
4623.3
4628.8

4632.5
4644.4
4658.7
4667.1

4659.5
4672.4
4678.0
4658.5

APR.

1
8
15
22
29

1116.0
1114.4
1114.6
1115.8
1116.5

1115.7
1121.7
1128.5
1135.3
1129.4

1122.3
1141.9
1145.9
1131.0
1098.9

3689.4
3694.1
3699.4
3704.8
3708.7

3717.1
3730.5
3743.3
3751.9
3741.5

3725.9
3770.4
3774.7
3736.5
3684.2

4634.2
4640.9
4646.5
4653.0
4659.0

4670.2
4681.1
4690.7
4697.1
4690.0

4672.0
4715.8
4716.3
4684.2
4643.5

MAY

6
13
2 Op
27p

1116.9
1117.1
1117.4
1116.9

1123.9
1114.3
1107.6
1104.4

1119.9
1107.3
1104.2
1086.0

3712.7
3716.1
3718.7
3720.4

3727.8
3712.8
3705.0
3705.9

3715.7
3714.8
3705.4
3687.6

4665.6
4670.3
4674.8
4678.2

4681.5
4674.1
4672.6
4679.2

4681.8
4686.7
4678.3
4669.9

Note: Special caution should be taken in interpreting week-to-week changes in money supply data, which are highly volatile and subject to revision,
p

preliminary data.




Page 4
H.6(508)
Table 4

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Other checkable deposits
Currency1

Date

At commercial
banks4

At thrift
institutions5

Total

lnM2 6

In M3 only7

8.5

382.4

295.9

107.0

402.9

2360.7

810.3

1995-JAN.
FEB.
MAR.

357.6
359.0
362,3

8.5
8.5
8.7

383.3
383.5
382.9

294.2
292.0
290.4

105,6
104.8
104.3

399.8
396.8
394.8

2365.0
2366.3
2370.4

828.2
838.4
850.8

APR.
MAY
JUNE

365.0
367.6
367.0

9.0
9.1
9.0

382.1
382.1
386.5

290.9
283.5
277.0

104.2
103.9
105.0

395.1
387.4
382.0

2378.0
2397.3
2429.5

862.6
876.6
884.4

JULY
AUG.
SEP.

367.
368
369,

8.8

388
389
389

276.2
272.0
266.4

104.6
105.1
106.0

380.8
377.2
372.4

2447
2468
2485

893,
901
908,

OCT.
NOV.
DEC,

370.8
371.6
373.2

8.8
8.9
8,9

388,
388
389.8

258.1
254.1
245.6

105.9
106.3
107.4

364.
360.
353.

2501,
2514,
2535.4

916,
916,
913,

373c6
373.3
375.2

8.9
8.9
8.9

393.5
397.4
407.1

236.5
230.4
226.0

106.6
107.4
109.4

343.2
337,8
335.4

2555.8
2573.0
2597.8

927.3
949.6
956.3

375.9

8.9

406.3

225.4

107.2

332 ,6

2604.3

957.1

375.9
376.3
375.1
375.8
376.7

8.9
8.9
8.9
8.9
8.8

405.7
408.0
408.4
406.2
399.5

227.9
225.0
225.0
227.5
221.7

109.6
107.2
107.5
106.7
106.3

337.5
332.2
332.5
334.2
328.0

2598.0
2610.1
2613.7
2603.0
2592.9

951,
953,
950,
956.
966.

375.9
376.3
377.0
378.0

8.8
8.9
9.0
9.1

410.2
406.1
411.8
409.6

218.9
217.4
214.8
210.3

109.1
107.2
106.0
106.9

328.0
324.6
320.9
317.2

2600.0
2607.2
2602.6
2604.1

973.8
975.6
972.6
976.1

Week ending
1996-APR. 1
8
15
22
29
MAY

e

Nontransactions components

354,9

APR.

4.
5.
6.
7*

Demand deposits3

1994-DEC.

1996-JAN.
FEB.
MAR.

1.
2»
3.

Travelers checks2

6
13
2 Op
27p

e
e
e

Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in.demand deposits,
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.
Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
Consists of NOW and ATS balances at thrifts, credit .union share draft balances, and demand deposits at thrifts.
Sum of savings deposits (including money market deposit accounts), small time deposits, and retail money fund balances, each seasonally adjusted separately.
Sum of large time deposits, institutional money fund balances, RP liabilities (overnight and term) issued by depository institutions, and Eurodollars (overnight and term) of
U.S. addressees, each seasonally adjusted separately.
estimated




p

preliminary

Page 5
H.6(508)
Table 4-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Small-denomination time deposits2

Savings deposits1
Date

Large-denomination time deposits5

Total

At
commercial
banks

At
thrift
institutions

1994-DEC

751.9

397c0

1148.9

505.4

318.2

823.7

388.1

183.7

298.7

64 , 8

363.5

1995-JAN.
FEB.
MAR.

743.8
734.8
725.2

390.9
383.2
377.3

1134.7
1118.0
1102.5

516,.0
526,.9
538..1

323,.1
330,.6
339,.0

839.1
857.5
877.7

391.2
390,8
390.2

189.3
188.4
195.0

297.4
303.9
308.4

66.8
67.9
69.2

364.2
371.8
377.6

APR.
MAY
JUNE

718.8
719.8
729.3

372.
369,
367,

1091.2
1089.5
1097.0

546,,9
554..3
561,.1

346,,5
351,,8

352 .6

893.4
906.1
913.7

393.3
401.6
418.8

199.4
203.7
213.2

309.9
314.1
316.7

71.1
70.4
70.9

381.0
384.5
387.6

JULY
AUG.
SEP.

731,
739,
746.

365
362
362,

1096.2
1101.6
1108.4

566 .5
569 .8
571 .7

352 .9
353 .9
355 ,3

919.4
923.7
927.0

431.7
443.6
450.3

218.6
218.5
221.7

321
323,
326.8

72.7
73.3
73.7

393.
396,
400.

OCT.
NOV.
DEC.

753,
760,
775,

362,2
360,3
359.5

1116.1
1120.6
1134.6

573 .2
575 .4
576 .2

356 .6
358 .4
359 .5

929.8
933.8
935.7

455.0
460.1
465.1

223.7
224.8
227.2

335,
340
342,

74.4
74.7
75,0

409.8
415.5
417.5

1996-JAN.
FEB.
MAR.

793.2
804.1
821.0

358.6
360.4
362d

1151.8
1164.5
1183.0

578 .4
576 .5
572 .4

357 .1
357 .4
354 .7

935.5
933.8
927.2

468.6
474.7
487.6

230.6
243.9
248.3

340.6
346.2
354.1

76.0
76.1
75.5

416.6
422.4
429.7

APR.

827.0

366.4

1193.3

568.2

354.1

922.3

488.7

245.6

356.6

75.6

432.2

820.2
829.7
830.7
827.4
822.6

363.5
366.2
366 = 3
366.3
366.6

1183.7
1195.9
1197.0
1193.7
1189.2

571,.1
570,.1
568,.6
567,.4
566,.4

354 .0
354 .4
354 .2
354 .0
353 .8

925.1
924.6
922.9
921.4
920.2

489.2
489.7
493.9
487.9
483.5

246.4
246.7
246.9
245.4
242.4

355.8
355.1
353.8
355.9
361.4

75.9
76.1
75.8
75.2
75.2

431.8
431.2
429.6
431.2
436.5

827.9
828,8
829.9
833.4

368.1
368.0
367.8
368.1

1196.0
1196.9
1197.7
1201.5

566,.0
565,.3
565,.0
564,.9

353 .6
353 .4
353 .3
353 .4

919.6
918.7
918.4
918.3

484.4
491.7
486.6
484.3

244.9
242.5
240.5
243.8

360.1
359.9
362.7
364.8

75.4
75.1
74.9
74.7

435
435
437
439

MAY

3.
4.
5.
6.

Institutional
money
funds4

At
thrift
institutions

At
commercial
banks

Week ending
1996-APR.
1
8
15
22
29

1.
2.

Retail
money
funds3

6
13
2 Op
27p

Total

At
commercial
banks6

At
thrift
institutions

Total

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.
Balances in money funds with minimum initial investments of less than $50,000.
Balances in money funds with minimum initial investments of $50,000 or more.
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, U.S. government, and foreign banks and
official institutions.


http://fraser.stlouisfed.org/
p
preliminary
Federal Reserve Bank of St. Louis

Page 6
H.6(508)
Table 4 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Non-M3 Components of L
RPs1

Date

Eurodollars2

1994-DEC.

180.8

TT7T

150.5

Short-term
Treasury
securities3
357,3

1995-JAN.
FEB.
MAR.

187.4
191.9
191.1

87.3
86.4
87.2

180.5
180.5
180.7

387.3
400.2
411.1

13.6
13.5
13.7

406.
414,
420,

3504,
3535,
3556,

9697.8
9745.7
9787.7

APR.
MAY
JUNE

192.1
197.2
191.7

90.1
91.1
91.8

181.2
181,7
182.4

412.0
405.5
414.7

13.4
12.0
11.0

430.
437,
428,

3558.
3576.
3602.

9863.0
9945.2
9978.2

JULY
AUG.
SEP.

188.4
192.9
192.5

92.6
93.1
93.7

183,
183
183

434.3
437.5
457.2

12.1
12.4
12.8

429.
433,
438.

3615.
3621.
3623.8

10000.8
10047.8
10085.6

OCT.
NOV.
DEC.

190.0
185.3
177 .6

92.9
90.6
91.2

184,
184
184,8

466.2
465.3
476.9

13,4
12.6
11.9

440.
437.
437.

3632.6
3645.8
3644.6

10126,
10183,
10226.

1996-JAN.
FEB.
MARe

184.4
186.2
184.1

95.8
97.1
94.3

185,0
185.0
185.2

467.7
446.9
461.6

11.7
10.2
10.0 p

437.2
442.3
444.8 p

3633.0
3651.4
3691.2 p

10270.2
10315.4
10355.8 p

APR.

182.9

96.4

178.7
179.7
180.2
184.0
186.8

95.0
95.5
93.4
95.8
100.4

194.2
199.1
197.5
197.1

99.3
98.9
97.0
95.6

Savings bonds

Week ending
1996-APR. 1
8
15
22
29
MAY

4.
5.
6,

Debtcomponents6

6
13
2 Op
27p

p

p

Bankers
acceptances4

commercial paper5

Un-

mra—

3437.5

Federal debt

Non-Federal debt
"

5555.5

Overnight and term RPs of $100,000 or more issued by depository institutions, excluding those held by depository institutions and by money funds.
Overnight and term Eurodollars issued to U.S. addressees by foreign branches of U.S. banks worldwide and by all banking offices in the United Kingdom and Canada,
excluding those held by depository institutions and by money 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.

p
preliminary



Page?

H.6(508)
Table 5

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
cy1
Currency

Date

Nontransactions components

Other checkable deposits
At commercial
banks4

At thrift
institutions5

lnM26

Total

In M3 only7

357.5

8.1

400.1

300.6

107.9

408.4

2355.6

811.7

1995-JAN.
FEB.
MAR.

355.8
357,0
361,3

8.1
8.1
8.4

388.7
374.7
374.0

301.3
292.3
291.1

105.1
102.6
103.9

406.4
394.9
395.1

2358.2
2361.2
2374.0

829.7
838.6
848.8

APRMAY
JUNE

365.5
367.9
368,2

8.8
8.9
9.2

382.1
373.1
382.8

296.6
279.8
274.8

106.8
103.8
105.5

403.4
383.6
380.3

2383.8
2396.5
2431.9

855.6
876.1
884.0

JULY
AUG.
SEP.

369.1
369.1
369.3

9.5
9.5
9.3

388.8
386.8
388.5

272.7
268.7
264.7

105.1
104.4
105.6

377.8
373.1
370.3

2453.1
2475.4
2484.9

888.7
903.3
906.7

OCT.
NOV.
DEC.

370.0
371,7
376.1

8.9
8.7
8.5

391.1
395.8
407.9

255.6
253.9
249.7

105.4
106.4
108.4

361.0
360.3
358.1

2497.7
2512.7
2529.2

920.3
923.5
914.8

1996-JAN.
FEB.
MAR.

371.7
370.8
374.3

8.5
8.5
8.6

399.0
388.3
397.5

242.3
230.5
226.4

106.6
105.5
109.2

348.9
336.0
335.5

2548.7
2567.2
2601.3

930.2
950.3
953.5

375.8

8.6

406.1

229.8

109.7

339.5

2610.9

949.0

374.2
378.3
376.4
374.9
373.9

8.7
8.7
8.7
8.6
8.6

402.5
410.7
415.7
404.6
391.7

227.3
231.6
233.7
233.5
219.5

109.6
112.6
111.5
109.4
105.3

336.9
344.2
345.1
342.9
324.7

2603.5
2628.5
2628.8
2605.5
2585.2

946.1
945.3
941.6
947.7
959.3

376.8
377.5
377.1
378,1

8.6
8.7
8.9
9.0

404.7
397.9
401.7
390.7

219.3
215.6
210.5
204.0

110.5
107.6
106.0
104.2

329.8
323.3
316.5
308.2

2595.9
2607.5
2601.2
2601.6

966.1
971.9
972.9
982.4

Week ending
1996-APRc
1
8
15
22
29
MAY

6
13
2 Op

27p

4.
5.
6.
7.

Demand
deposits3

1994-DEC.

APR,

1.
2.
3.

Travelers
checks2

e
e
e

Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits.
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.
Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations,
Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
Sum of savings deposits (including money market deposit accounts), small time deposits, and retail money fund balances.
Sum of large time deposits, institutional money fund balances, RP liabilities (overnight and term) issued by depository institutions, and Eurodollars (overnight and term) of
U.S. addressees.

estimated
e


p

preliminary

Page 8
H.6(508)
Table 5 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Small-denomination time deposits2

Savings deposits1

At
commercial
banks

At
thrift
institutions

Total

Retail
money
funds3

1148,5

502.5

316.4

818.9

388,2

389.0
380.9
376.6

1129.2
1111.2
1100.4

514.3
526.1
539.5

322.0
330.0
339.5

836.3
856.1
879.0

718,4
718.4
730,9

372.1
369.0
368.5

1090.
1087.
1099,

548.4
555.9
562.9

347.4
352.8
353.7

JULY
AUG.
SEP.

733
741
748

365,
363,
363,

1099,
1105,
1111,

568.7
571.2
571.9

OCT.
NOV.
DEC.

755.
763,
775,

362,
361,
359,

1118.3
1125.1
1134.5

789.5
798,9
819,0

356.9
358.1
361.2

826.0

Date

185.5

298.5

64o8

363.2

392.7
393.9
394.6

195.3
193.4
195.6

295.1
302.4
306.9

66,3
67.6
68,9

361.4
370.0
375.8

895.9
908.8
916.5

397.5
400.3
416.0

197.1
202.0
208.8

307.7
316.2
317.5

70,6
70.9
71.1

378.3
387.1
388.6

354.3
354.7
355.4

923.0
925.9
927.3

430.9
444.4
446.6

215.9
218.4
218.1

319.9
324.3
327.5

72.4
73.5
73.9

392.2
397.8
401.4

572.6
572 .6
572.3

356.2
356.7
357.0

928,8
929.3
929.3

450.6
458,3
465.4

221.8
227.1
229.4

337.8
343.6
342.3

74.9
75.4
75.0

412.7
419,0
417.4

1146,3
1157.0
1180.1

576.1
575.5
573.6

355.7
356.8
355.5

931.7
932,2
929,1

470,6
478,0
492,1

238.2
249.6
248.7

337.9
344.7
352.6

75.4
75.8
75.2

413.2
420.5
427.8

365.9

1191.9

570.1

355.3

925.4

493,5

242.8

353.9

75.0

428.9

819, .3
835 .8
8 3 4 , .0
8 2 2 , .9
814,,1

363.1
368.9
367.8
364.3
362.9

1182,4
1204.7
1201.9
1187.3
1177.0

573
572
570
569
568

.1
.3
.6
.2
.1

355, .3
355, .8
355, .5
355, .1
354, .9

928
928
926
924
923

.5
.0
.0
.3
.0

4 9 2 , ,7
495 ,8
500, ,9
493 ,9
485 ,2

244
244
245
242
238

.9
.8
.7
.0
.9

352.6
352.0
350.0
353.4
359.4

75.2
75.5
75.0
74.7
74.8

427.8
427.5
425.1
428.1
434.2

8 2 4 , .0
8 2 8 , .2
8 2 8 , .2
8 2 9 , .8

366.3
367.8
367.1
366.5

1190.3
1196.0
1195.3
1196.3

568 . 1
567 . 4
567, ,1
566, .8

3 5 4 , .9
3 5 4 , .7
3 5 4 , .6
3 5 4 , .6

923 .0
922 . 1
9 2 1 .7
9 2 1 ,.5

4 8 2 , ,6
489 .4
4 8 4 , ,2
4 8 3 , :8

240
239
238
243

.7
.6
.9
.2

360.1
362.1
365.0
369.1

75.4
75.5
75.4
75.6

435.
437,
440,
444,

751.6

396.9

1995-JAN.
FEB.
MAR.

740.2
730.3
723,9

APR.
MAY
JUNE

MAY

3.
4.
5.
6.

Total

1994-DEC.

Week ending
1996-APR. 1
8
15
22
29

1.
2.

At
thrift
institutions

At
thrift
institutions

APR.

6
13
2 Op
27p

Large-denomination time deposits5
At
commercial
banks6

At
commercial
banks ,

1996-JAN.
FEB.
MAR.

Institutional
money
funds4

Total

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.
Balances in money funds with minimum initial investments of less than $50,000.
Balances in money funds with minimum initial investments of $50,000 or more.
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, U.S. government, and foreign
banks and official institutions.


p
preliminary


Page 9
H.6(508)
Table 5 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
RPs1
Date

At commercial
banks

At thrift
institutions

Debt components6

Non- M3 Components of L
Eurodollars2
Savings bonds

Total

Sh6rt~term "
Bankers
Treasury
acceptances4
securities3

Commercial
paper5

Federal debt

Non-Federal
debt

1994-DEC0

139.8

39.8

179,6

83.4

180.2

393.6

14.4

403.6

3499.0

9646.8

1995-JAN,
FEB.
MAR.

144 c 4
146.3
146.0

41.4
42.6
43.4

185 ,8
1 8 8 ,,9
189 ,4

87.2
86.4
88.0

180.6
180.8
181.2

390.6
406.0
420.7

14.2
13.9
13.9

410.5
415.3
420.4

3499.0
3525.0
3551.1

9679.6
9707.6
9752.6

APR.
MAY
JUNE

146,8
151.4
150,3

44.4
45.8
45.3

1 9 1 , >2
1 9 7 , >1
1 9 5 ,,6

88.9
89.9
91.0

181.7
182.1
182.4

411.3
402.9
412.3

13.7
12.1
11.0

430.8
434.7
425.5

3544.1
3552.6
3579.3

9816.1
9879.9
9934.6

JULY
AUG.
SEP,

143,
146.
145

45,
47,
47

1 8 8 ,.9
1 9 3 ,.9
193 .4

91.7
93.2
93.9

182.8
183.0
183.3

435.2
440.2
447.6

11.6
11.9
12.6

424.4
428,7
439.4

3588.8
3602.2
3606.8

9969.9
10003.3
10055.5

OCT,
NOV,
DEC.

145.
139
131,

46.7
46.0
45.0

1 9 1 ,.9
1 8 5 ,. 1
1 7 6 ,. 1

93.9
92.3
91.9

183.8
184.3
184.8

450.7
462.9
484.3

13.2
12.5
12.1

446,2
440.1
43 8 . 1

3610.1
3635.9
3645.9

10107.4
10157.2
10212.1

1996-JAN,
FEB.
MARc

138,5
138,6
137 3

44.6
44.8
45.0

1 8 3 ,.1
1 8 3 ,.5
1 8 2 ,,3

95.6
96.7
94.7

185.1
185.4
185.7

471.8
453.7
472.7

12.2
10.6
10.1

441.3
442.7
444.0

3632.7
3650.5
3689.8

10264.9
10299.5
10329.3

APR.

135,2

47.1

182.3

95.0

132.3
132.9
133,4
136,1
137.7

45.1
46.1
45.9
47.5
48.9

177.4
179.1
179.2
183.5
186.5

96.0
94.0
91.7
94.1
99.8

143.7
148,9
148,2
147 ,7

49.8
49.6
49,5
50.3

193.5
198.5
197.7
197.9

96.4
96.2
95.8
96.6

Week ending
1996-APR. 1
8
15
22
29
MAY

6
13
2 Op
27p

p

p

p

p

p

4.
5.
6.

Overnight and term RPs of $100,000 or more issued by depository institutions, excluding those held by depository institutions and by money funds.
Overnight and term Eurodollars issued to U.S. addressees by foreign branches of U.S. banks worldwide and by all banking offices in the United Kingdom and Canada,
excluding those held by depository institutions and by money 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.

p

preliminary




p

Page 10

H.6(508)
Tables

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

U.S. government deposits
At
commercial
banks

25.3

1.3

143.3

107.5

59.7

310.5

20.0
21.1
10.1

31.8
30.3
18.8

1.2
2.3
2.4

143.7
144.6
145.6

107.6
107.8
107.9

60.9
63.3
66.2

312.1
315.8
319.6

6.2
5.7
7.9

12.4
18.7
19.6

24.1
27.5
32.0

2.6
2,5
2.5

146.4
146.8
147.8

107.9
107.8
107.7

68.5
69.0
69.2

e
e
e

322.7
323.5
324.7

e
e
e

3.3
2.8
5.9

6.6
5.3
6.8

27.7
13.6
17.8

37.6
21.7
30.6

2.8
2.9
2.8

148.9
149.1
149.4

107.7
107.5
108.0

e
e
e

69.4
69.6
69.8

e
e
e

326.0
326.2
327.2

e
e
e

12.0
12.2
12.4

3.1
2.9
6.0

5.3
5.4
6,5

11.4
8.2
14.6

19.8
16.5
27.1

2.8
1.6
1.1

150.0
151.2
152.1

108.5 e
108.3 e
108.2 e

70.0
70.3
70.8

e
e
e

328.5
329.8
331.1

e
e
e

1.5
1.5
1.5

12.5
12.4
12.4

4.3
3.0
4.0

6.2
5.0
5=7

15.9
13.2
10.8

26.5
21.2
20.6

1.2
1.3
1.3

152.7
154.1
155.9

107.7 e
107.2 e
107.1 e

71.3
71.8
72.3

e
e
e

331.6
333.0
335.2

e
e
e

8.0

1.5

12.4

5.8

7.2

11.6

24.6

3.2

158.7

106.9

e

72.6

e

338.2

e

8.4
7.9
8.4
7.5
8.2

1.4
1.5
1.5
1.5
1.4

12.4
12.4
12.4
12.4
12.4

3.4
3.1
6.9
7.0
6.3

5.9
5.9
5.3
9.6
8.0

12.3
8.3
8.7
10.2
18.2

21.5
17.3
20.9
26.9
32.5

1.3
2.5
2.8
3.0
4.5

8.0
8.3
8.4
8.0

1.5
1.4
1.6
1.4

12.4
12.4
12.4
12.5

3.6
2.5
3.0
2.5

8.2
6.0
4.9
5.1

18.4
11.7
8.4
5.9

30.2
20.2
16.3
13.6

4.5
4.5
4.5
4.5

Balance
at
Federal
Reserve

14.4

5.7

6.2

13.4

1.6
1.6
1.6

14.0
13.3
12.7

4.8
3.3
3.4

7.0
5.9
5.2

7.7
8.2
8.2

1.6
1.5
1.5

12.8
13.8
14.8

5.5
3.1
4.5

JULY
AUG.
SEP.

8.5
7.5
7.5

1.5
1.4
1.6

14.7
13.6
12.5

OCT.
NOV.
DEC.

8.3
8.1
8.2

1.5
1.6
1.5

1996-JAN.
FEB.
MAR.

8.3
8.3
8.3

APR.

Foreign
commercial
banks

Foreign
official
institutions

1994-DEC.

8.7

1.6

1995-JAN.
FEB.
MAR.

8.4
8.0
8.1

APR.
MAY
JUNE

Week; e^dj-nq
1996-APR.
1
8
15
22
29
MAY

estimated
preliminary




6
13
2 Op
27p

IRA and Keogh Accounts
Time and
savings
deposits at
commercial
banks

Note
balances at
depository
institutions

Demand
deposits at
commercial
banks

Date

e
p

Time and
savings
deposits
due to
foreign
banks and
official
institutions

Total
cash
balance

At
thrift
institutions

At
money
market
funds

Total




Board of Governors of the
Federal Reserve System
Washington, DC 20551-0001
OFFICIAL BUSINESS




First Class