Full text of H.6 Money Stock Measures : June 8, 1995

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

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES 6

For release at 4:30 p.m. Eastern Time

Billions of dollars
Date

JUNE 8, 1995

M1

M22

M33

L4

DEBT5

Seasonally adjusted
1993-MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1067 . 2
1076. 3
1085. 2
1095. 1
1104. 7
1113 . 5
1122 . 4
1128. 6

3 5 3 0 . .6
3 5 4 0 . .2
3 5 4 3 . .6
3 5 4 9 , .3
3 5 5 9 .. 1
3 5 6 4 . ,4
3 5 7 6 . .7
3 5 8 3 ..6

4 2 0 2 . .0
4 2 0 4 . ,6
4 2 0 2 . .3
4 2 0 5 . ,5
4 2 1 4 . .2
4 2 2 2 . .7
4 2 3 4 . ,4
4 2 4 2 . ,5

5 0 9 8 . .7
5 1 0 5 . .0
5 0 9 9 . .8
5 1 1 2 . .4
5 1 1 0 . .4
5 1 1 8 . ,9
5 1 3 1 . .7
5 1 5 0 , ,3

1 1 9 4 9 , .0
1 2 0 0 7 , ,2
1 2 0 6 4 , ,0
1 2 1 2 2 , ,0
1 2 1 7 5 ,. 1
1 2 2 1 1 , ,5
1 2 2 6 8 , .4
1 2 3 3 5 , ,3

1994-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1132 . 5
1137 . 0
1141. 1
1142 . 8
1143 . 5
1147 . 0
1152 . 2
1150. 8
1151. 0
1148 , 1
1147 . 5
1147 . 8

3 5 8 9 .. 1
3 5 8 6 . .2
3 5 9 7 ..4
3 6 0 5 . .4
3 6 0 8 . ,5
3 6 0 5 . .3
3 6 1 6 . ,2
3 6 1 4 . .2
3 6 1 3 ..3
3 6 0 9 . .0
3 6 1 0 . .3
3 6 1 5 .. 1

4 2 4 5 . ,9
4 2 3 2 ..0
4 2 4 0 ..6
4 2 5 0 . .8
4 2 5 1 . .4
4 2 5 6 .. 6
4 2 7 3 ..8
4 2 7 2 ..7
4 2 7 8 . .4
4 2 8 4 . .9
4 2 9 1 . .4
4 3 0 4 . .5

5 1 6 5 , .4
5 1 6 2 .. 6
5 1 6 5 . .5
5 1 8 1 . .2
5 1 8 8 . .4
5 1 8 5 .. 1
5 2 0 8 . .4
5 2 0 8 .. 1
5 2 1 1 . .9
5 2 3 1 . .6
5 2 4 4 . .9
5 2 9 4 . .0

1 2 3 9 1 . .2
1 2 4 4 4 .. 1
1 2 4 9 8 .. 1
1 2 5 4 6 . .3
1 2 5 9 1 ., 6
1 2 6 4 1 . .4
1 2 6 8 1 .. 1
1 2 7 3 8 .. 5
1 2 8 0 0 . .0
1 2 8 5 6 .. 5
1 2 9 1 9 .. 2
1 2 9 6 5 . .0

1995-JAN.
FEB.
MAR.
APR.

1148
1147
1147
1149

.8
.1
..9
.7

3 6 2 6 . .9
3 6 2 2 ..7
3 6 3 0 , .3
3 6 4 2 ,. 9

4 3 2 7 ..7
4 3 3 6 . .6
4 3 5 8 ..6
437 ..7

5 3 2 7 . .0
5 3 7 6 ,. 5
5427 .8 P

1 3 0 2 1 . .9
1 3 0 9 6 .. 8
1 3 1 5 4 . .9 P

Not seasonally adjusted
1993-MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1 0 5 7 ..2
1072. 2
1 0 8 3 ..6
1 0 8 8 . ,6
1 0 9 9 , .3
1 1 1 2 ., 1
1 1 2 9 . .5
1 1 5 3 ..7

3517 ,. 8
3 5 3 5 , .4
3541 .6
3542 . 3
3 5 4 8 .4
3 5 6 1 .3
3 5 8 4 .2
3606 . 1

4 1 9 1 . .3
4 1 9 8 . .6
4 1 9 5 , .7
4 2 0 0 ,. 1
4 2 0 1 , .9
4 2 1 7 ,.2
4 2 4 6 .7
4266 .3

5 0 7 8 . .9
5 0 9 3 . .4
5 0 8 7 . .3
5 1 0 1 . ,3
5 0 9 2 . ,6
5 1 1 0 . .2
5 1 5 1 . ,2
5 1 8 4 . .9

1 1 8 8 6 .. 5
1 1 9 6 2 .. 4
1 2 0 2 0 .. 5
1 2 0 7 2 . ,7
1 2 1 3 4 . ,3
1 2 1 7 3 .. 1
1 2 2 4 1 . .3
1 2 3 2 7 . .4

1994-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1 1 4 2 ..3
1 1 2 4 . .2
1 1 3 1 , .4
1 1 5 2 ,.7
1 1 3 2 ..5
1 1 4 2 . .3
1 1 5 0 . .9
1 1 4 3 . .9
1 1 4 6 ,. 1
1 1 4 7 ..3
1 1 5 5 ..3
1 1 7 3 .. 5

3595
3573
3596
3622
3595
3600
3615
3606
3602
3606
3618
3638

.6
.3
.1
.6
.6
.4
.0
.7
.7
.1
.6
.6

4254
4221
4238
4264
4240
4250
4267
4266
4266
4280
4305
4330

.8
.8
.2
.2
.5
.2
.5
.3
.0
.1
.8
.6

5187 . 1
5155 .5
5165 .9
5193 .1
5 1 6 8 .2
5173,.8
5 1 9 6 , .0
5196 .9
5192 .8
5222 .9
5267 .0
5 3 3 1 .7

1 2 3 8 3 .7
1 2 4 1 7 ,. 3
12458 .6
12489 .4
12523 .8
12594 .4
1 2 6 4 0 .7
1 2 6 9 0 ,. 3
12756 .3
12816 .0
12890 .3
1 2 9 5 6 ,. 8

1995-JAN.
FEB.
MAR.
APR.

1158
1134
1138
1158

3633
3609
3628
3659

.4
.0
.3
.3

4337
4325
4354
4391

.4
.3
.4
.4

5350 . 1
5368 .3
5427 .2 P

12996 .6
13043 .9
13106 .6 P

.5
.2
.0
.7

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
M2

M3

DEBT1

1.8

4.8

5.9

1.9

4.4

5.5

1.0

3.0

5.3

-0.4

2.3

5.5

-0.3

1*9

*' ^

1.1

3 , 1

M1
3 M o n t h s f r o m JAN. 1 9 9 5 TO APR. 1 9 9 5
6 M o n t h s f r o m OCT. 1 9 9 4 TO APR. 1 9 9 5
12 M o n t h s f r o m APR. 1 9 9 4 TO APR. 1 9 9 5

T h i r t e e n w e e k s e n d i n g MAY 2 9 , 1 9 9 5
from t h i r t e e n weeks e n d i n g :
FEB. 2 7 , 1 9 9 5 ( 1 3 w e e k s p r e v i o u s )
NOV. 2 8 ,
MAY

1.

30,

1994
1994

(26 w e e k s p r e v i o u s )
(52 w e e k s p r e v i o u s )

0.4

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, December 1994 to March 1995, September 1994 to March 1995,
and March 1994 to March 1995, respectively.
—

Footnotes to Table 1:
1.

Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) travelers checks of nonbank issuers; (3) demand

2.

4.

institution-only money market mutual funds. Excludes amounts held by depository institutions, the U.S. government, money market funds, and foreign banks and official
institutions Also subtracted is the estimated amount of overnight RPs and Eurodollars held by institution-only money market mutual funds. Seasonally adjusted M3 is
obtained by adjusting its non-M2 component as a whole and then adding this result to seasonally adjusted M2.
.
Consists of M3 plus the nonbank public holdings of U.S. savings bonds, short-term Treasury securities, commercial paper and bankers acceptances, net of money market

levels of credit market debt are measured on a quarter-end basis and contain discontinuities.




Page 3

H 6(508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
M1
Period ending

13-week
average

4-week
average

M2
week
average

M3

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

1995-MAR.

6
13
20
27

1147 .8
1147 .7
1 1 4 8 , .0
1 1 4 8 , .2

1 1 4 6 .4
1146 .5
1147 ,.9
1 1 4 8 , .8

1147
1147
1150
1150

.2
.2
.8
.0

3621.6
3622 . 5
3624.3
3625.9

3620.4
3621.0
3625.4
3630.1

3617 .4
3625.2
3637 . 4
3640.2

4325.4
4329.2
4333 .6
4338.5

4339.2
4344.1
4351.8
4358.5

4344.4
4351.7
4363.5
4374.2

APR.

3
10
17
24

1 1 4 8 , .2
1 1 4 8 , .2
1148,. 1
1148,, 1

1 1 4 8 , .2
1 1 4 8 . .9
1 1 4 8 , .7
1 1 4 8 , .6

1144
1150
1150
1149

.7
.2
.0
.6

3626.9
3628.2
3628.8
3630.2

3634.0
3637 .8
3637 . 5
3639.2

3633 .0
3640.7
3635.9
3647.1

4342.1
4346.4
4350.3
4354.5

4361.8
4366.3
4370.3
4374.0

4357.6
4370.0
4379.3
4388.9

MAY

1
8
15
22p
29p

1 1 4 8 , .3
1 1 4 7 , .8
1 1 4 7 . .5
1 1 4 7 . ,3
1 1 4 6 . .9

1 1 4 9 , .8
1 1 4 8 . .2
1 1 4 6 . .5
1 1 4 4 . ,8
1 1 4 2 ..7

1 1 4 9 , .4
1143 ,.6
1143 ,.3
1142 ,.9
1141,. 1

3632.4
3634.0
3636.2
3639.3
3642.8

3643.8
3645.8
3649.9
3653.1
3657.0

3651.3
3649.0
3652.3
3659.9
3666.9

4359.2
4364.1
4369.4
4375.5
4380.9

4383.2
4390.0
4395.4
4401.1
4406.8

4394.6
4397.2
4401.0
4411.4
4417.5

Not seasonally adjusted
1995-MAR.

6
13
20
27

1154.4
1152.4
1149.8
1146.3

1134.3
1136.0
1138.0
1138.5

1148.2
1144.3
1137.6
1123.7

3626.2
3625.6
3625.6
3624.9

3609.3
3614.0
3620.7
3626.7

3622.7
3631.9
3631.4
3620.7

4332.4
4334.1
4336.2
4338.5

4329.1
4336.9
4346.7
4353.7

4345.5
4358.8
4358.0
4352.6

APR.

3
10
17
24

1143.4
1141.8
1142.0
1142.5

1137.8
1144.5
1153.6
1160.1

1145.6
1171.0
1174.2
1149.6

3624.6
3625.4
3627.1
3629.2

3632.7
3645.1
3655.4
3661.8

3646.9
3681.4
3672.5
3646.2

4340.7
4344.5
4348.9
4353.1

4358.2
4369.6
4383.5
4391.2

4363
4404
4413 ,
4383 ,

MAY

1
8
15
22p
29p

1143.7
1143.4
1143.5
1143.2
1142.8

1158.1
1151.4
1142.4
1136.4
1131.3

1137.4
1144.2
1138.5
1125.6
1117.0

3632.5
3634.4
3637.0
3639.9
3643.3

3658.3
3649.4
3642.9
3641.9
3644.0

3633.2
3645.6
3646.7
3642.2
3641.3

4357.8
4362.8
4368.1
4374.0
4379.7

4393.6
4390.7
4386.4
4389.6
4396.0

4372.6
4393.2
4396.2
4396.2
4398.5

N o t e : S p e c i a l c a u t i o n s h o u l d b e t a k e n in interpreting w e e k - t o - w e e k c h a n g e s in m o n e y supply data, w h i c h are highly volatile and subject to revision,
p

preliminary d a t a .




Page 4
H 6(508)

Table 4

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

Currency'

Travelers checks'

Demand deposits'

m

TTi

383.9

303.0

111.7

4 1 4

1994-JAN.
FEB.
MAR.

325.4
328.9
332 . 0

8.0
8.0
8.0

386.9
388.6
388.6

300.3
299.0
299.7

112.0
112.6
112.8

APR.
MAY
JUNE

334.5
337.3
340.0

8.1
8.1
8.2

388.1
385.6
386.3

299.1
300.5
301.0

JULY
AUG.
SEP.

342.8
345.1
347.2

8.3
8.3
8.4

388.0
386.6
386.5

OCT.
NOV.
DEC.

350.0
353 .0
354.5

8.3
8.4
8.4

1995-JAN.
FEB.
MAR.

357.7
358.8
362.5

APR.

n

1993-DEC.

Week e n d i n g
1995-APR.
3
10
17
24
MAY

1
8
15
22p
29p

^commercial
banks'

Atthrift
institutions5

Nontransactions components
^

ln

•7

M2=

In M3 only'

24557°

658.9

412.3
411.6
412.5

2456.7
2449.1
2456.3

656.8
645.8
643.2

112.9
112.0
111.5

412.0
412.4
412.5

2462.6
2465.0
2458.3

645.4
643.0
651.3

301.7
301.0
300.0

111.4
109.7
108.9

413.1
410.8
408.9

2464.0
2463.4
2462.3

657.6
658.5
665.1

384.4
382.3
382.0

298.0
297.7
297 . 6

107.5
106.1
105.3

405.4
403.8
402.9

2460.9
2462.8
2467.2

675.9
681.1
689.4

8.4
8.4
8.8

383.4
384.0
383 .2

295.1
291.8
289.3

104.2
104.1
104.0

399.3
395.9
393.3

2478.1
2475.6
2482.4

700.8
713.8
728.3

365.7

9.2

381.2

289.6

104.0

393.6

2493 .2

736.8

364.0
364.4
365.3
366.6

9.1
9.1
9.2
9.2

379.5
382.9
383.2
379.8

288.9
290.7
289.7
289.2

103.3
103.1
102.6
104.7

392.2
393.8
392.4
393 . 9

2488.3
2490.5
2486.0
2497.5

724.6
729.3
743 .4
741.8

367 . 4
367 . 1
368.3
368.6
368.5

9.2
9.2 e
9.2 e
9.2 e
9.2 e

379.0
378.4
379.8
381.0
382.2

288.0
285.0
283.9
281.9
277.9

105.8
104.0
102.1
102.3
103.3

393.8
388.9
386.0
384.2
381.2

2501.9
2505.4
2509.1
2517.0
2525.9

743.3
748.2
748.6
751.6
750.6

1.
2.
3.
4.
5.
6.
7.

<**>,* <•"**•

irSo,°is ss "I tissx siy

u " S e n , , , m o n o , m „ k = , fund b a l a n c e s ( i n s f i M o n - o n l y ) . l e s , , h , e « « m a , e d a m o u n , of overnight R P s and
Eurodollars held by institution-only m o n e y market mutual f u n d s . This s u m is s e a s o n a l l y a d j u s t e d a s a w h o l e .


http://fraser.stlouisfed.org/
e
estimated
Federal Reserve Bank of St. Louis

p

preliminary

Page 5

H.6 (508)

Table 4 - continued

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

Date

1993-DEC.

At
commercial
banks
785.8

At
thrift
institutions
429 . 8

1994-JAN.
FEB.
MAR.

791.3
792.7
791.5

APR.
MAY
JUNE

360 . 1

429.8
429.1
430.5

1221.1
1221.9
1222 . 0

465.7
464 . 5
463 . 1

313.8
310.5
308 . 9

779.5
775.0
772 .0

788 . 9
784.6
780.0

431.1
430.2
426.8

1220.0
1214.8
1206 . 8

462 .3
464 . 6
467.4

307.9
306.2
305.5

JULY
AUG.
SEP.

778.0
775.7
772.8

423 .2
417 .0
410.9

1201.2
1192.6
1183.7

469 . 9
476.0
481.2

OCT.
NOV.
DEC.

765
759
752 .

405.6
398.5
391. 9

1171.0
1157.8
1144.2

1995-JAN.
FEB.
MAR.

744.1
734.2
723.3

385.6
377 .6
371.6

APR.

716.0

1
8
15
22p
29p

p

785.1

1215.7

At
thrift
institutions
316 . 5

MAY

3.
4.

Institutiononly money
market funds

At
commercial
banks
468 . 6

Week ending
1995-APR.
3
10
17
24

1.
2.

General
purpose and
broker/
dealer
money
market funds

Small-denomination time deposits 2

Savings deposits'

Large-denomination time deposits 3

198 . 1

At
commercial
banks 4
271.2

At
thrift
institutions
61, 6

361.2
359.5
361.9

194.6
182 . 1
183.8

273 .4
270.1
268 . 8

61.7
61.7
61.4

335.1
331.8
330.3

770 . 1
770.8
772.9

370.5
373 . 5
370.7

183
177
177

268 . 0
272.0
274.0

61.8
60.4
61.0

329.8
332.4
335.0

306.1
306.2
307.8

776.0
782.2
789.0

376.1
377.0
377.4

178 ,
177 .
176

276 .3
279 . 8
284 . 6

61,
61 .

62 .

338.2
341.5
347.3

487.7
494.0
502.4

311.3
315 . 8
317.3

799.0
809.8
819.8

379.5
383 . 3
389 . 0

180.8
180 . 5
180 . 8

289.3
293 . 8
298.3

63
63 ,
64.3

353.0
357.7
362.7

1129.8
1111.9
1094.9

512.4
524.0
537.6

322.9
331.4
340.7

835.3
855.3
878 .2

392 . 1
391.5
390 . 9

186 . 3
180 . 4
189 . 0

296.9
303 .8
308.3

66 . 1
67 . 6
69.5

363.0
371.4
377.8

366.4

1082.4

547.9

348 . 9

896 . 8

396 . 0

192 . 9

308.4

70.6

379.0

716.0
716.7
718.2
716.0

368.1
366.2
366.2
366.5

1084.1
1082 ,9
1084.4
1082 . 5

543.1
545.5
547.8
549.5

344.5
346.7
348 . 8
350.5

887.6
892.2
896.6
900 . 0

394.2
396 . 0
395.6
396.7

191.8
192.3
193.1
193.6

303.7
306.0
308 . 6
312.3

70.8
70.3
71.0
70.4

374.6
376.3
379.6
382.7

712.6
715.5
715.7
716.7
720.9

365.9
365.1
364.2
364.3
363.4

1078.6
1080 . 6
1079.9
1081.0
1084.4

551.1
553 .4
555.2
556.5
557.3

351.6
352.9
354.3
355.1
355.4

902 . 8
906.3
909.5
911.6
912.7

396.8
400 . 1
401.4
407.3
410.6

193.1
192.2
192.2
194.7
198 . 8

313.9
313.8
316.1
315.7
314.0

70.5
69.8
70.0
69.8
69.4

384.3
383.6
386.1
385.5
383.4

Total

Total

Total
332.7

Savings deposits include money market deposit accounts.
Small-denomination time deposits—including retail RPs—are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks
and thrifts are subtracted from small time deposits.
Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities.
Large-denomination time deposits at commercial banks less those held by money market mutual funds, depository institutions, U.S. government, and foreign banks and
official institutions.
preliminary




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

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Debtcomponents4

Non-M3 Components of L
Date
Savings bonds

Short-term Treasury
securities1

Bankers acceptances 2

Commercial paper3

Federal debt

Non-Federal debt

1993-DEC.

171.5

334 .2

14.9

387 . 1

3328.0

9007.3

1994-JAN.
FEB.
MAR.

172.5
173.2
173 .9

340.8
341.4
344.7

14.8
14.9
15.5

391.4
401.2
390.8

3338.3
3355.1
3379.6

9052.9
9089.0
9118.5

APR.
MAY
JUNE

174.8
175.7
176.7

354.6
357.1
348.4

14.0
11.6
10.8

387.1
392.6
392.7

3390.6
3402.5
3416.3

9155.7
9189.2
9225.1

JULY
AUG.
SEP.

177.7
178.5
179.1

353.2
357.7
350.7

10,

11
11

392.8
387.7
391.7

3419.3
3436.8
3454.1

9261.7
9301.7
9345.8

OCT.
NOV.
DEC.

179.5
179.9
180.3

351.1
358.6
372.6

11.8
11.0
10.2

404.2
404.0
426.5

3469.6
3494.1
3497.4

9386.9
9425.1
9467 .6

1995-JAN.
FEB.
MAR.

180.5
180.4
180.5

380.3
404.0
424.5

9.8
9.9
10.4

428.6
445.7
453.9

3504.7
3535.8
3557.5

9517.2
9561.0
9597.4

1.

Consists of U.S. Treasury bills and coupons with remaining maturities of l e s s than 12 months held by other than depository institutions, Federal Reserve Banks, money

2.
3.
4.

N e ^ o f b a n k e r s 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 7
H.6(508)
Table 5

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Currency 1

Date

Travelers
checks 2

Demand
deposits 3

Nontransactions components

Other checkable deposits
At commercial
banks 4

At thrift
institutions 5

Total

In M2

6

In M3 only

Ovemicjht

Overnight
Eurodollars®

7

1993-DEC.

324 . 8

7.6

401.8

306.2

113.2

419.4

2452.4

660.2

74.4

22.1

1994-JAN.
FEB.
MAR.

324.0
327.3
330.6

7.7
7.7
7.8

392 .0
379.5
379.6

306.6
299.6
301.6

112.1
110.3
112.0

418.6
409.8
413.5

2453.4
2449.1
2464.7

659.2
648.5
642.1

75.9
73.7
77 . 0

22.1

APR.
MAY
JUNE

334.3
337 . 2
340.5

7.8
7.9
8.3

389.2
377.7
382.3

306.4
298.1
299.5

115.0
111.6
111.7

421.4
409.7
411.2

2469.9
2463.1
2458.1

641.
644,
649.8

77.6
73 .5
80.7

21.3
24.1
26.2

JULY
AUG.
SEP.

344.7
345.7
347 . 0

8.8
8.9
8.8

387.3
383.1
384.7

298.4
297.2
297.4

111
109 ,
108

410.0
406.2
405.6

2464.1
2462.8
2456.6

652 ,
659.
663 .

80.5
82.0
83 . 7

29.1
28.9
28.1

OCT.
NOV.
DEC.

349.6
353.2
357.6

387.8
390.7
400.1

294.1
296.0
300 . 6

107 ,
107 ,
107 ,

401.4
403.1
407.6

2458.8
2463.4
2465.1

674.0
687.1
692.0

83.5
83.0
84.2

30 . 3
30.1
32 . 5

1995-JAN.
FEB.
MAR.

355.9
357.1
361.4

8.1
8.1
8.4

388.7
374.9
374.0

301.3
292.3
291.1

104.4
101.8
103.1

405.7
394.1
394.2

2475.0
2474.8
2490.2

704.0
716.3
726.1

87.0
86.1
86.8

36.4
31.6
30.7

APR.

365.5

8.8

382 . 0

296.6

105.7

402.4

2500.6

732.2

84.7

30.1

3
10
17
24

362 . 7
366.6
366.3
364.9

8.8
8.8
8.8
8.8

378.7
386 . 9
390.9
374.8

291.0
300.4
301.1
297.4

104.5
108.3
107.2
103.8

395.5
408.8
408.3
401.2

2501.3
2510.4
2498.3
2496.5

716.2
723.1
741.0
737.4

88.3
86.5
79.5
84.5

33 . 3
29.6
26.8
30.7

1
8
15
22p
2 9p

364.8
368 . 8
368.2
367 . 5
367.8

8.8
8.9
8.9
9.0
9.0

374.
374.
376.
370.
367.

286.5
286.9
282.4
278.1
272.2

103.1
105.6
102.8
101.0
100.4

389.6
392.4
385.2
379.1
372.6

2495.9
2501.4
2508.2
2516.5
2524.3

739.4
747.7
749.5
754.1
757.2

87.4
83.8
86.4
84.9
84.3

32 . 6
28.3
28.4
30.0
32 . 6

Week e n d i n g
1995-APR.

MAY

1.
2.
3.

e
e
e
e

21.2
23 .0

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.
4. Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
5. Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
6. Sum of overnight RPs and Eurodollars, money market fund balances (general purpose and broker/dealer), savings deposits (including money market deposit accounts) and small time
deposits.
.
7. Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances (institution-only), less the estimated amount of overnight RPs and
Eurodollars held by institution-only money market mutual funds.
8. Consists of overnight and continuing contract RPs issued by all depository institutions to other than depository institutions and money market mutual funds (general purpose and
Digitized for broker/dealer).
FRASER
9. Issued by foreign branches of U.S. banks worldwide to U.S. residents other than depository institutions and money market mutual funds (general purpose and broker/dealer).


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

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

1213 .2

At
commercial
banks
468 .2

At
thrift
institutions
316 .2

784 .4

General
purpose and
broker/
dealer
money
market funds
358.3

Small-denomination time deposits 2

Savings deposits'
Date

1.
2.
3.
4.

p

200 . 0

361.6
364.1
370.3

200.5
191.0
185.7

271.9
268 . 8
267.3

61.3
61.4
61.1

333.2
330.2
328.4

769 .3
769.2
772.1

378.3
375.4
368.7

181.8
176.8
172.5

266.3
274.1
275.3

61.4
60.9
61.3

327.7
335.0
336.6

306.5
306.5
308.2

776.9
783 . 1
789 . 9

373 .4
374.2
371.3

173.8
176.2
172.6

275.3
281.1
285.7

61
61
62

337.0
343.1
348.7

488
493 ,
502.0

311.7
315.7
317.1

800 . 0
809.3
819.1

373 .9
379.9
387.1

178.1
182.5
183 . 1

289.9
295.2
298 . 0

63 . 8
64.2
64.3

353.7
359.5
3 62.3

1122.7
1105.1
1094.9

512 . 9
524.1
537 .4

323 .2
331.5
340.6

836 . 1
855.6
877.9

392 . 8
396 . 3
399 . 8

192.4
188.8
190.8

295.5
302.3
306.2

65.8
67.2
69.1

361.3
369.5
375.3

367.4

1085.2

547 . 3

348.5

895.8

404 . 8

191.3

306.2

70,1

376.4

720.7
725.8
722.0
712.4

370.5
370.8
368.1
364.7

1091.3
1096.6
1090.1
1077.0

542.9
545.3
547.2
548.5

344 4
346.6
348 .4
349.9

887.4
891.8
895.6
898.4

401.1
405.9
406.3
406.0

189.3
190.5
193 .2
191.0

300.7
303.7
3 0 5 .7
310.4

70.1
69.7
70.3
70.0

370.8
373.4
376.1
380.4

708 . 6
715.7
717 .5
717.0
720 . 5

363 .9
365.2
365.1
364.5
363 .2

1072.5
1080.9
1082.6
1081.6
1083.7

550.3
552.5
554.1
555.4
556.1

351.1
352.3
353.6
354.3
354.7

901.4
904.7
907.7
909.7
910 . 8

402 . 0
403.7
403 . 1
410.4
412 . 8

191.4
191.0
191.3
196.2
196.7

313 . 1
314.7
317.8
318 . 0
319.2

70.3
70.0
70 . 3
70.3
70 . 5

383.3
384.7
388.1
388.3
389.7

At
commercial
banks

1993-DEC.

784 .3

1994-JAN.
FEB.
MAR.

786.3
788.2
791.9

427 . 1
426.7
430.8

1213.5
1214.9
1222.7

466.2
464.6
462 .9

314.1
310.6
308 . 8

780.2
775.2
771.6

APR.
MAY
JUNE

791.
785.
782 .

432 .3
430.6
428.1

1223 .4
1215.9
1210.4

461. 8
463 .7
467 .0

307 . 5
305.5
305.2

JULY
AUG.
SEP.

780 ,
777 ,
772 .7

424.3
417 .7
410 . 8

1204.3
1194.6
1183 .6

470
476
481

OCT.
NOV.
DEC.

765.5
761.4
751.1

405.7
399.7
391.2

1171.
1161.
1142 .

199 5-JAN.
FEB.
MAR.

739.5
729 .8
723.4

383 .2
375.3
371.6

APR.

717.8

3
10
17
24

15
22p
2 9p

MAY

Large denomination time deposits 3
At
commercial
banks 4
270 . 8

At
thrift
institutions
429 .0

Week e n d i n g
1995-APR.

Institutiononly money
market funds

Total

Total

At
thrift
institutions
61.5

S a v i n g s d e p o s i t s include m o n e y m a r k e t d e p o s i t a c c o u n t s .
S m a l l - d e n o m i n a t i o n t i m e d e p o s i t s — i n c l u d i n g retail RPs—-are t h o s e i s s u e d in a m o u n t s of less t h a n $ 1 0 0 , 0 0 0 . All IRA a n d K e o g h a c c o u n t b a l a n c e s at c o m m e r c i a l b a n k s a n d thrifts a r e s u b t r a c t e d f r o m s m a l l t i m e d e p o s i t s .
.
.
.
.
.
.
L a r g e - d e n o m i n a t i o n t i m e d e p o s i t s are t h o s e i s s u e d in a m o u n t s of $ 1 0 0 , 0 0 0 or m o r e , e x c l u d i n g t h o s e b o o k e d at international b a n k i n g facilities.
L a r g e - d e n o m i n a t i o n t i m e d e p o s i t s at c o m m e r c i a l b a n k s l e s s t h o s e held by m o n e y m a r k e t m u t u a l f u n d s , d e p o s i t o r y institutions, U . S . g o v e r n m e n t , a n d f o r e i g n
b a n k s a n d official institutions.
preliminary




Total
332.3

Page 9
H 6(508)
Table 5 • continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Term RPs1
At commercial
banks

At thrift
institutions

Total

Term
Eurodollars2

1993-DEC.

71.6

26.0

97.6

46 . 5

171.4

342.6

15.3

389.3

3329.5

8997.9

1994-JAN.
FEB.
MAR.

67 . 0
64.8
68.3

26.5
27.3
27.0

93.5
92.1
95.4

45.5
47.9
46.2

172.6
173.7
174.6

345.2
342.5
348.2

15.6
15.5
15.2

398.9
402.0
389.7

3333.0
3345.4
3374.4

9050.7
9071.9
9084.1

APR.
MAY
JUNE

71.4
69.1
72.1

27.4
28.8
30.3

98.8
97.8
102.4

46.5
47 . 7
50.3

175.4
176.2
176.9

352.5
355.2
345.3

13.7
11.4

387.3
385.0
390.9

3376.8
3379.7
3394.5

9112.6
9144.1
9199.9

JULY
AUG.
SEP.

71,
68
68

32.0
32.8
33.4

103.0
101.2
101.9

51.0
51.2
52.1

177.4
177.9
178.4

350.8
359.6
343.8

10.8

389.5
382.0
393.0

3393.9
3418.5
3438.6

9246.8
9271.8
9317.7

OCT.
NOV.
DEC.

67 ,
67
67

34.7
35.4
37.5

101.9
102.9
105.2

53.0
55.3
53.8

179.0
179.7
180.2

343.3
362.4
381.6

11.9
10.4

408.6
408.0
428.9

3448.8
3485.4
3499.0

9367.2
9404.9
9457.7

1995-JAN.
FEB.
MAR.

70.2
73.1
72.3

39.0
39.7
40.2

109.1
112.8
112.5

54.9
58.4
60.6

180.6
180.8
181.2 p

385.0
405.5
428.9 p

10.3
10.3
10.2

436.8
446.3
452.5 p

3499.0
3525.0
3551.1 p

9497.6
9518.9
9555.5 p

APR.

74.7

41.0

115.7

62.2

69.7
71.4
79.3
75.6

39
40
41
41.8

109.2
111.5
120.5
117.4

60 . 6
60.7
64.2
62.3

74.4
79.4
78.6
78.9
79.0

41.8
42.4
42.2
41.9
41.4

116.1

62.5
63.2
63.2
62 . 4
64.1

Date

Week e n d i n g
1995-APR.
3
10
17
24
MAY

1.
2.

Debt components6

Non-M3 Components of L

1
8
15
22p
29p

121.9
120.7
120.9
120.4

Savings bonds

Short-term
Treasury
securities3

Bankers
acceptances4

10.6
11.1

11.7

11.1

Commercial
paper6

Federal debt

Non-Federal
debt

4.
5.
6.

Term RPs are those with original maturities greater than one day, excluding continuing contracts and retail RPs.
Term Eurodollars are those with original maturities greater than one day. Consists of those issued to U.S. residents by foreign branches of U.S. banks world-wide and by
all banking offices in the United Kingdom and Canada. Excludes those held by depository institutions and money market mutual funds.
Consists of U.S. Treasury bills and coupons with remaining maturities of less than 12 months held by other than depository institutions, Federal Reserve Banks, money
market mutual funds, and foreign entities.
Net of bankers acceptances held by accepting banks, Federal Reserve Banks, foreign official institutions, Federal Home Loan Banks, and money market mutual funds.
Total commercial paper less commercial paper held by money market mutual funds.
Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities.

p

preliminary

3.




T

Page 10
H.6(508)
Table 6

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

Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

Note
balances at
depository
institutions

Total
cash
balance

Time and
savings
deposits at
commercial
banks

At
commercial
banks

IRA and Keogh Accounts

U.S. government deposits

At
thrift
institutens

At
money
market
funds

Foreign
commercial
banks

Foreign
official
institutions

1993-DEC.

9. 1

l. 6

10. 9

5. 2

6. 7

16. 2

28. 1

2. 6

144. 2

114. 6

49. 8

308.6

1994-JAN.
FEB.
MAR.

8. 5
8. 4
8. 1

1. 6
l. 5
l. 6

ll. 3
ll. 9
12. 5

5. 8
4. 2
4. 3

7. 3
6. 3
5. 2

25. 2
27. 9
15. 7

38. 3
38. 4
25. 1

2. 1
2. 6
2. 4

143. 9
143. 6
142. 6

114. 0
113. 4
112. 9

48. 6
48. 6
51. 8

306.5
305.6
307.3

APR.
MAY
JUNE

8. 6
8. 1
8. 2

l. 5
l. 5
l. 5

12. 9
13. 0
13. 1

7. 1
4. 2
5. 3

5. 6
5. 9
5. 9

20. 8
24. 3
18. 4

33. 5
34. 4
29. 6

2. 1
3. 1
2. 9

142. 2
142. 2
142. 3

112. 6
112. 2
111. 5

54. 8
56. 4
56. 8

309.6
310.9
310.6

JULY
AUG.
SEP.

8. 3
7. 7
8. 1

l. 5
l. 5
l. 5

13. 4
14. 0
14. 6

4. 8
3. 9
5. 8

5. 4
5. 1
6. 0

11. 3
10. 1
16. 9

21. 5
19. 0
28. 8

2. 7
2. 9
2. 5

142. 6
142. 6
142. 7

111. 2
110. 2
109. 2

55. 9
56. 1
56. 8

309.6
308.9
308.6

OCT.
NOV.
DEC.

8. 0
8, 2
8. ,4

l. 6
l. 8
l. 6

14. 9
1 5 . ,0
1 5 . ,0

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

5. 6
5. 2
6. 2

12. 1
9. 8
13, .4

22. 0
18. 9
25. 3

2. 2
2 . ,0
1.,3

142. 7
142. 9
143. 3

1 0 8 . ,7 e
1 0 8 . ,7 e
108, .5 e

58. 3
59. 4
59. 7

309.7 e
311.0 e
311.4 e

1995-JAN.
FEB.
MAR.

8..2
7, ,8
7, ,9

l. 6
l. 6
l. 6

1 5 , ,0
14, .9
14, ,9

4 .9
3 .3
3 .4

7 . ,0
5,,9
5,.2

20, .0
21, . 1
10.1

31. 9
30, ,3
18, .8

1, .2
2, .2
2, .3

1 4 3 . ,7
1 4 4 . .6
1 4 5 . .6

108, .4 e
108, . 5 e
108 .6 e

59. ,7 e
59, ,9 e
60, . 1 e

311.8 e
313.1 e
314.2 e

APR.

7, .6

l. 6

14 . 8

5 .5

6,.2

12 .4

24, , 1

2 .5

1 4 6 , .3

109 . 0 e

60, ,3 e

315.6 e

8 .0
7 .2
7 .4
7 .4

l , ,7
l ..5
l , .7
l .6

14
14
14
14

.9
.9
.9
.8

3 .6
3 .3
7 .3
6 .2

5 .0
5 .1
5 .7
6 .7

10 . 8
7 .5
5 .4
11 .9

19 .4
15, .9
18,.4
24 .7

2
2
2
2

8 .3
7 .9
8 .4
7 .7
8 .1

l
l
l
l
l

14
14
14
14
14

.8
.8
.8
.8
.8

5 .6
3 .0
3 .2
2 .8
2 .7

8 .1
6 .9
5 .5
5 .0
5 .3

27 . 9
29 . 3
20 . 6
14 . 4
11 .2

41 .6
39 .2
29 . 2
22 . 2
19 . 2

2 .6
2 .5
2 .5
2 .5
2 .5

Wee* e n d i n g
1995-APR.
3
10
17
24
MAY

e
p

Time and
savings
deposits
due to
foreign
banks and
official
institutions

1
8
15
22p
29p

estimated
preliminary




.6
.5
.5
.5
.4

.3
.6
.6
.5

Total