Full text of H.6 Money Stock Measures : March 10, 1994

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

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

For release at 4:30 p.m. Eastern Time
M A R C H 10, 1 9 9 4

Billions of dollars
M11

Date

M22

M33

L4

DEBT5

Seasonally adjusted
1992-MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

937.8
943.7
952.7
954.7
964.2
976.1
989.2
1004.2
1016.6
1024.8

3486.3
3481.9
3482.1
3477.8
3480.7
3489.4
3496.6
3507.5
3510.5
3509.0

4203.1
4190.7
4189.9
4183.7
4186.0
4196.7
4200.4
4196.9
4194.1
4183.0

5028.6
5025.4
5021.7
5026.9
5026.6
5041.0
5056.7
5058.5
5065.3
5057.1

11285.5
11335.8
11381.9
11435.0
11494.3
11553.6
11598.1
11626.0
11665.9
11721.5

19 9 3 - J A N .
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1033.0
1035.4
1040.2
1047.1
1067.7
1076.6
1086.8
1095.3
1105.1
1113.4
1122.4
1128.5

3502.8
3494.2
3494.8
3498.0
3521.9
3528.7
3534.0
3537.0
3545.4
3547.3
3558.8
3566.0

4162.4
4156.0
4154.6
4162.0
4187.7
4188.0
4187.5
4188.0
4197.3
4203.2
4216.1
4228.5

5040.9
5037.6
5038.5
5055.7
5088.6
5089.1
5085.8
5095.2
5088.6
5096.3
5106.9
5124.8

11758.5
11782.3
11822.2
11869.0
11914.9
11979.7
12037.7
12092.8
12145.7
12181.6
12244.5
12321.5

1133.6
1138.7

3572.9
3569.9

4232.6
4205.3

5146.0 p

12371.9

1994-JAN.
FEB.

p

p

Not seasonally adjusted
4208.2
4205.2
4180.2
4179.8
4180.3
4195.5
4190.0
4190.5
4203.6
4198.2

5036.5
5035.2
5001.1
5016.7
5012.9
5032.9
5045.2
5050.3
5083.6
5087.6

11257.1
11307.1
11348.7
11400.0
11452.0
11512.6
11564.9
11599.4
11658.2
11723.3

4162.9
4149.4
4157.3
4177.3
4178.7
4184.3
4180.6
4184.7
4186.4
4197.7
4227.7
4247.9

5054.6
5032.2
5044.7
5065.1
5066.5
5078.6
5071.2
5085.0
5076.5
5088.8
5128.0
5159.5

11745.0
11757.3
11798.6
11841.7
11883.9
11946.2
11997.8
12053.9

1129.6
1153.9

3508.3
3484.2
3495.8
3515.2
3507.3
3524.4
3530.3
3529.9
3535.0
3545.3
3567.5
3588.6

1142.9
1124.8

3579.5
3557.8

4233.5
4196.0

5160.3

1001.8
1022.4
1046.7
1041.0
1023 . 0
1031.6
1058.7
1058.1
1073.2
1084.6

19 9 3 - J A N .
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.
1994-JAN.
FEB.

3489.4
3498.9
3467.4
3473.4
3478.1
3484.1
3486.7
3504.6
3517.4
3527.6

930.6
954.7
943.9
952.0
962.9
971.0
983.6

19 9 2 - M A R .
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1088.8
1099.1

1111.8

p

Footnotes appear on the following page
p

preliminary




12112.2
12151.7
12231.4
12321.4
p

12357.5 p

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

f r o m NOV.

19 93 TO F E B .

1994

5.8

1.2

-1.0

6.2

6 Months

f r o m AUG.

1 9 9 3 TO F E B .

1994

7.9

1.9

0.8

5.6

12 M o n t h s

f r o m FEB.

1993

19 94

10.0

2.2

1.2

5.2

T h i r t e e n w e e k s e n d i n g FEBRUARY 2 8 , 19 94
f r o m t h i r t e e n weeks e n d i n g :
NOV. 2 9 , 1 9 9 3 ( 1 3 w e e k s p r e v i o u s )

7.2

2.2

1.7

TO F E B .

AUG.

30,

19 93

(26 weeks p r e v i o u s )

8.7

2.1

1.7

MAR.

1,

1993

(52 weeks p r e v i o u s )

9.9

1.9

1.3

and January 1993 to January 1994, respectively.
Footnotes to Table 1:
1.

mutuaffund^oldingJof tiies^assSs' 1 0 h ° ' d l n 9 S ° f




U S

' '

savmgs bonds

'

short

" t e r m Treasury securities, commercial paper and bankers acceptances, net of money market

Page 3

H.6 (508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
M1
Period ending

1993-DEC.

13-week
average

4-week
average

M2
week
average

13-week
average

4-week
average

3551.8
3553.4
3554.9
3556.5

3560.4
3561.9
3564.2
3565.5

M3
week
average

13-week
average

4-week
average

week
average

3562.5
3567.1
3566.3
3566.1

4207.5
4209.9
4212.2
4214.6

4218.3
4221.4
4224.6
4227.4

4220.8
4230.0
4228.3
4230.5

6
13
20
27

1115.2
1117.0
1118.7

1123.9
1125.0
1126.6

1120.6

1128.1

1126.1
1126.5
1128.7
1131.1

19 9 4 - J A N .

3
10
17
24
31

1122.2
1123.8
1125.3
1127.0
1128.3

1129.1
1130.1
1131.2
1132.5
1134.1

1130.0
1130.5
1133.3
1136.3
1136.1

3558.2
3560.0
3562.3
3564.6
3566.1

3567.1
3567.8
3570.6
3572.9
3573.3

3568.7
3570.1
3577.5
3575.4
3570.2

4217.1
4219.7
4222.5
4224.5
4226.1

4230.6
4231.4
4234.1
4234.5
4232.6

4233.7
4233 .2
4238.8
4232.2
4226.2

FEB.

7
14

1129.5
1130.8
1132.1
1133.3

1135.3
1136.8
1137.5
1138.7

1135.6
1139.1
1139.2
1140.8

3567 . 1
3568 . 1
3568 .7
3569.5

3573.2
3572.3
3569.7
3570.0

3569.5
3573.9
3565.2
3571.2

4226.2
4225.6
4224.2
4222.7

4227.9
4220.7
4211.9
4205.3

4214.2
4210.2
4197.1
4199.7

21p
2 8p

Not seasonally adjusted
19 9 3 - D E C .

1994-JAN.

FEB.

6
13
20
27

1116.0
1118.8
1128.8

1133.3
1135.9
1143.8
1151.3

1150.0
1147.9
1152.2
1155.1

3552.2
3555.0
3559.0
3564.4

3572.5
3576.1
3582.7
3587.5

3595.7
3596.4
3585.2
3572.8

4207.3
4211.2
4215.5
4221.7

4232.6
4238.8
4244.9
4248.8

4250.1
4264.0
4244.5
4236.6

3
10
17
24
31

1133.8
1137.9
1140.4
1142.5
1142.3

1157.3
1162.9
1162.6
1154.6
1138.8

1174.0
1170.3
1150.8
1123.3

1110.6

3568.9
3573.1
3576.3
3578.9
3578.8

3589.0
3592.8
3595.3
3591.8
3576.1

3601.7
3611.5
3595.0
3558.8
3539.0

4226.3
4230.6
4234.5
4236.5
4236.6

4247.6
4247.3
4249.7
4243.6
4231.2

4245.2
4262.7
4254.4
4211.9
4195.9

7
14

1142.4
1141.6
1141.6
1141.0

1129.6
1123.9
1123.2
1124.8

1133.7
1127.8
1120.8
1116.9

3578.2
3576.9
3576.2
3576.0

3565.0
3557.3
3555.1
3557.9

3567.0
3564.3
3550.2
3549.9

4235.1
4232.5
4229 .7
4226.9

4218.2
4206.0
4198.9
4196.0

4210.6
4205.7
4183.3
4184.4

21p
2 8p

1122.7

Note: Special caution s h o u l d be 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 money supply data, w h i c h are highly volatile and subject to revision,
p

preliminary data.




H.6 (508)
Table 4

Page 4

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

Date

4.
5.
6.

Travelers checks 2

Other checkable deposits

Demand deposits 3
At commercial
banks 4

Total

In M2 6

In M3 only 7

374.1
381.4
384.9

2503.3
2493.9
2484.3

689 . 5
683 . 5
674 . 0

105.0
103.9
103.6

388.6
387.7
388.5

2469.8
2458.8
2454.6

659 . 6
661.8
659.8

284.2
290.3
292.4

104.1
106.1
106.8

388.2
396.4
399.2

2450.9
2454.1
2452.1

664.0
665.9
659 .3

366.4
370.9
375.4

294.8
295.9
297.8

108.0
108.3
108.8

402.8
404.2
406.6

2447.2
2441.7
2440.3

653.5
651.0
651.8

7.8
7.9
7.9

378.4
383.2
384.9

299 . 1
300.8
302.5

110.4
111.0
111.7

409 . 5
411.8
414.3

2433.9
2436.4
2437.5

655.9
657.3
662 . 5

325.3
329 . 2

7.9
7.9

388.5
390.5

300.4
299.2

111.6
111.9

412.0
411.1

2439.2
2431.2

659 .7
635 .3

322.5
323 . 7
325.0
326.0
327 . 6

7.9
7.9
7.9
7.9
7.9

385.6
384.9
390.0
390.2
390.3

302.4
303.7
298.1
299.6
297.6

111.6
110.2
112.3
112.6
112.6

414.0
413.9
410.4
412.2
410.2

2438.7
2439.6
2444.1
2439.1
2434.1

665.0
663.1
661.3
656 . 8
656.0

328.3
328.5
329.3
330.6

7.9
7.9
7.9
7.9

388.2
392.2
390.5
391.2

298.6
298.3
300.1
2 9 9 .9

112.7
112.2
111.4
111.2

411.2
410.5
411.5
411.1

2433.8
2434.8
2425.9
2430.4

644.7
636 .3
631.9
628 . 5

287 . 5
289 . 5
292.2

8.2
8.1
8.1

334.3
337.5
339.6

271.7
278.2
280.8

102.4
103.2
104.1

1993-JAN.
FEB.
MAR.

294.5
297 . 0
299 . 3

8.0
8.0
8.0

341.9
342.7
344.3

283.5
283.8
284.9

APR.
MAY
JUNE

301.8
304.4
307 .2

8.1
8.1
8.0

349.0
358.8
362.2

JULY
AUG.
SEP.

309 . 7
312.4
315.4

7.9
7.8
7.8

OCT.
NOV.
DEC.

317 . 6
319.5
321.4

199 4 - J A N .
FEB. p

Week e n d i n g
1994-JAN.
3
10
17
24
31
7
14
2lp
2 8p

Nontransactions components

At thrift
institutions 5

19 9 2 - O C T .
NOV.
DEC.

FEB.

1.
2.
3.

Currency 1

C u r r e n c y o u t s i d e U . S . T r e a s u r y , F e d e r a l R e s e r v e B a n k s a n d t h e v a u l t s of d e p o s i t o r y i n s t i t u t i o n s

taTd^sitsa"MnCeS

?m3l

p u r p 0 5 e

m d

"'"ker/deaCar), s a v i n g , deposits (including m o n e , market deposit aocounts, and

7.
: Z d ! 2 % S % 2 i o Z , y m l n : ;
e FRASER
estimated
Digitized for


p

preliminary

S

f

S

L

S

X

d

s?etaTa

S

S|

U , i 0

"-

0 n l y l

'

, M S

« "

a

™ "

n

'

01

°

V e m i 9 h

'

R P s

a

"

d

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

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Small-denomination time deposits 2

Savings deposits1
Date

3.
4.

Institutionily money
irket funds

Large-denomination time deposits 3
At
commercial
banks 4

At
thrift
institutions

At
commercial
banks

At
thrift
institutions

1171.1
1178.9
1183.6

520.7
513.4
508.7

375.5
368.8
361.8

896.2
882.2
870.5

356.4
353.7
352.0

209.6
208.5
201.5

301.0
296.1
292 . 8

69.9
68.5
67.5

371.0
364.6
360.3

429.8
426.5
425.3

1183.8
1183.7
1182.4

504.2
504.8
501.7

356.7
349.0
345.1

860.8
853.8
846.8

350.3
345.3
345.9

196.6
198.0
197 . 7

285.7
284.1
279.8

67.5
66.0
65.1

353.2
350.1
344.8

759.5
766.7
771.0

426.0
428.4
429.4

1185.5
1195.1
1200.4

496.6
491.8
487.5

342.8
340.5
336.3

839 . 4
832.4
823.9

345.9
348.5
347.5

196.3
198.0
194.7

283 .6
283.7
281.1

65.3
64.7
64.4

348.9
348.3
345.5

JULY
AUG.
SEP.

771.7
775.4
778.0

430.4
430.5
430.4

1202.1
1205.9
1208.4

483.0
478.6
475.4

331.8
328.9
325.8

814.8
807.5
801.2

346.6
345.5
345.0

192.6
190.1
190.8

277.6
278.0
276.8

64.5
63.9
63.8

342.1
341.9
340.6

OCT.
NOV.
DEC.

778.4
782.4
785.3

430.4
429.5
430.2

1208.8
1211.9
1215.5

472.4
469.5
468.6

322.8
320.3
316.1

795.2
789 . 8
784.6

344.8
347 . 8
349.9

194.3
194.8
197.0

278.2
276.3
277.5

63.7
63.5
61.7

341.9
339.7
339.2

1994-JAN.
FEB. p

790.1
791.1

430.2
429.9

1220.3
1221.0

465.5
464.0

314.0
311.1

779.5
775.1

348.9
345.1

192.7
176.9

279.6
274.0

61.9
61.5

341.5
335.6

Week e n d i n g
JAN.
3
10
17
24
31

784.2
788.2
794.5
790.4
789.5

431.0
429.2
430.7
430.6
430.2

1215.2
1217.4
1225.2
1221.1
1219.7

467.0
466.4
465.5
464.6
464.8

3 1 4 , ,5
3 1 4 .. 4
3 1 4 , .4
3 1 4 ,. 1
3 1 2 , .9

781.6
780.8
780.0
778.7
777.7

3 5 1 .. 1
3 5 1 . .5
3 4 9 . .3
3 4 8 . .5
3 4 5 . .5

1 9 8 .7
1 9 2 .7
1 9 2 , .3
1 9 1 .5
192 .0

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

6 1 , .5
6 1 , .6
6 1 . .8
6 2 . .0
6 2 . .2

3 3 9 ..9
3 4 1 . .5
3 4 3 . .2
3 4 3 . .2
3 3 9 ,.2

791.1
793.1
790.3
789.9

429.3
429.3
430.1
430.9

1220.3
1222.5
1220.4
1220.8

464.9
464.0
463.8
463.4

3 1 1 , .9
3 1 1 , .3
3 1 0 . .8
3 1 0 , .4

776.8
775.3
774.6
773.7

3 4 5 . .2
3 4 5 . .4
3 4 4 . .0
3 4 5 . .6

185
175
175
172

2 7 4 . .5
2 7 5 .. 1 "
2 7 3 . .5
2 7 3 ,. 1

6 2 .. 1
6 1 , .6
6 1 , .3
6 1 , .2

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

At
commercial
banks

At
thrift
institutions

19 9 2 - O C T .
NOV.
DEC.

745.7
751.1
754.6

425.4
427.8
429.0

1993-JAN.
FEB.
MAR.

754.1
757.2
757.2

APR.
MAY
JUNE

FEB.

1.
2.

General
purpose and
broker/dealer
money
market funds

7
14
21p
28p

Total

Total

.1
.2
.4
.0

Total

Savings deposits include m o n e y market deposit accounts.
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 r e t a i l R P s — a r e t h o s e i s s u e d in a m o u n t s of l e s s t h a n $ 1 0 0 , 0 0 0 . A l l I R A 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 are subtracted f r o m s m a l l t i m e deposits.
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 a r e 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 o r m o r e , e x c l u d i n g t h o s e b o o k e d a t i n t e r n a t i o n a l b a n k i n g f a c i l i t i e 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 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 h e l d b y 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.

p
p rFRASER
eliminary
Digitized
for


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

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

Savings bonds

Short-term Treasury
securities1

Bankers acceptances2

Commercial paper3

Federal debt

Non-Federal debt

1992-OCT.
NOV.
DEC.

152.1
154.6
156.6

324.1
326.6
332.5

20.6
20.3
20.6

364.8
369 . 7
364.3

3015.3
3033.4
3068.4

8610.7
8632.6
8653.1

1993-JAN.
FEB.
MAR.

158.7
160.8
162.4

338.2
341.4
340.5

20.6
20.0
19.4

361.0
359 . 4
361.5

3078.7
3090.8
3121.1

8679.8
8691.5
8701.1

APR.
MAY
JUNE

163.6
164.7
165.9

343.7
345.1
345.9

19.3
19.2
18.5

367.1
371.8
370.9

3149.0
3175.8
3208.1

8720.0
8739.1
8771.6

JULY
AUG.
SEP.

167.1
168.2
169.2

343.4
342.9
327.2

17.4
16.5
16.4

370.4
379.5
378.4

3227.8
3252.2
3271.3

8809.9
8840.7
8874.4

OCT =
NOV
DEC.

170.1
170.8
171.7

321.9
320.7
323.2

16.4
15.3
14.6

384.7
384.1
386.8

3266.4
3291.4
3327.9

8915.3
8953.1
8993.6

172.7

330.5

15.0

395.3

3335.6

9036.3

199 4 - J A N ,

1.

Debt components4

Non-M3 Components of L

Date

p

2.
3.
4.

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 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
deposits3

Nontransactions components

Other checkable deposits
At commercial
banks 4

At thrift
institutions5

Total

In M2

6

Overnight RPs8

Ojmgt.

In M3 only7

19 9 2 - O C T .
NOV.
DEC .

286.9
290.0
295.0

8.4
7.9
7.8

336.4
343.9
355.1

268.4
277.0
284.3

101.7
103.6
104.6

370.1
380.6
388.9

2502.8
2494.9
2480.9

685.9
686.2
670.5

62.1

19 . 9
20.9
21.3

1993-JAN.
FEB.
MAR.

293.5
295.3
297 . 9

7.8
7.7
7.8

345.9
334.3
336.5

289.4
284.2
286.5

104.4
101.5
103.0

393 . 8
385.7
389 . 5

2467.3
2461.2
2464.1

654.6
665.2
661.5

60.0
60.7
62.7

17.8
17.0

APR.
MAY
JUNE

301.3
304.4
3 07.4

7.8
7.9

291.9
287.6
290.6

107.3
106.2
107.5

399 . 2
393 . 8
398.0

2456.4
2449.2
2451.2

662 .1

8.2

350.5
352.0
359 . 6

671.4
659 . 9

62.5
61.7
64.8

14.7
13.5
13.7

JULY
AUG.
SEP.

311.0
312.8
314.8

8.4
8.4
8.2

365.9
367.9
373.1

290.9
292.1
295.0

108.5
107.7
108.0

399 . 3
399 . 7
403.0

2445.6
2441.1
2435.9

650.3
654.8
651.4

67.7
67.4
70.4

13.5
14.7
14.9

OCT.
NOV.
DEC.

317.3
319.8
324.9

8.0
7.7
7.6

381.2
391.2
402.7

295.6
299 .5
306.2

109.8
111.4
112.4

405.3
410.9
418.6

2433.5
2437.8
2434.7

652.3
659 . 3

70.8
71.7
72.5

17 . 2
17.4
17.8

324.0
327.3

7.7
7.7

393.3
380.8

306.8
299.6

111.1
109.4

417.9
409.0

2436.7
2433.0

653.9
638.2

75.7
75.1

17.9
16.6

325.4
324.9
324.2
323.2
322.9

7.7
7.7
7.7
7.7
7.6

417.3
404.2
398.5
381.7
377.7

310.8
318.3
307.8
302.4
295.2

112.8
115.2
112.5
108.4
107.0

423.6
433.4
420.4
410.8
402.2

2427.7
2441.2
2444.2
2435.5
2428.5

643.5
651.1
659.4
653.0
656.9

75.9
74.9
74.4
76.4
77.2

18.8
18.1
17.2
17.4
18.4

327.4
327.4
328.0
326.6

7.6
7.7
7.7
7.7

383.1
383.8
378.8
377.6

303.3
299.3
298.5
297.5

112.4
109.6
107.9
107.6

415.6
409.0
406.4
405.1

2433.3
2436.5
2429.3
2432.9

643.6
641.4
633.2
634.5

75.6
75.5
73.8
75.4

16.7
15.6
15.5
18.7

199 4 - J A N .
FBBe

*1994-JAN^

F E B -

p

3
10
I?
24
31
7

14
2ip
28p

1.
2
3

660.2

60.0
59.3

16.1

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
,
,o
6
Sum of ovemiqht RPs and Eurodollars, money marketfund.balances (general purpose and broker/dealer), savings deposits (including money market deposit accounts) and smal 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.
,
.. . .. . x
8
Consists of overnight and continuing contract RPs issued by all depository institutions to other than depository institutions and money market mutual funds (genera purpose and broker/dealer)

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

p

preliminary

Page 8

H.6 (508)
Table 5 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
S a v i n g s deposits 1
Date

Small-denomination time deposits 2
•

General
purpose a n d
broker/dealer
money
market funds

Institutiononly m o n e y
m a r k e t funds

Large-denomination time deposits 3

At
commercial
banks

At
thrift
institutions

Total

At
commercial
banks

At
thrift
institutions

Total

1992-OCT.
NOV.
DEC.

745.0
752.5
752.9

425.1
428.6
428.1

1170.1
1181.1
1181.1

521.6
512.7
507.8

376.1
368.3
361.2

897.7
881.1
869.0

353.0
351.9
350.2

204.3
207.4
200.4

300.7
296.4
291.7

69.9
68.6
67.2

370.6
365.0
358.9

1993-JAN.
FEB.
MAR.

750.2
754.0
758.5

427.5
424.7
426.0

1177.7
1178.7
1184.5

504.4
504.7
501.3

356.8
349.0
344.8

861.3
853.6
846.1

350.6
351.2
354.8

200.5
208.4
201.1

282.8
282.5
279.7

66.8
65.7
65.0

349 .6
348.2
344.8

APR.
MAY
JUNE

761.9
767.2
773.6

427.4
428.6
430.9

1189.3
1195.8
1204.5

496.1
490.7
487.1

342.4
339 .7
336.0

838.5
830.5
823.0

351.4
347.7
345.2

195.6
199.7
191.0

282.8
285.9
283.0

65.1
65.2
64.8

347.8
351.1
347.8

JULY
AUG.
SEP.

773.6
776.0
776.7

431.4
430.8
429.7

1205.0
1206.9
1206.4

483.9
479 . 6
476.7

332.5
329 . 6
326.7

816.4
809 . 2
803.4

343.0
343.0
340.8

188.6
190.1
187.5

277.3
279.8
277.8

64.4
64.3
64.0

341.8
344.0
341.8

OCT.
NOV.
DEC.

777.7
784.0
783.8

430.0
430.4
429.3

1207.7
1214.4
1213.2

473.3
468.8
467.6

323.4
319.8
315.4

796.7
788.6
783.0

341.1
345.8
348.3

189.2
194.0
195.8

277.9
276.6
276.4

63.7
63.5
61.4

341.6
340.1
337.8

786.1
787.7

428.0
428.0

1214.1
1215.7

465.6
463.8

314.0
311.0

779.6
774.8

349.3
350.8

196.2
186.1

276.6
272.4

61.2
61.2

337.8
333.5

779.4
788.7
792.3
784.2
781.3

428.3
429.5
429.4
427.2
425.7

1207.7
1218.3
1221.7
1211.4
1206.9

466.8
466.7
465.7
464.6
464.7

314.4
314.6
314.5
314.0
312.9

781.2
781.3
780.2
778.7
777.6

344.2
348.6
350.7
351.7
348.3

189.4
189.4
197.3
197.7
203.3

276.0
277.7
278.8
277.7
272.7

61.0
61.1
61.2
61.2
61.3

337.0
338.9
340.0
339.0
334.0

788.1
791.2
786.8
784.7

427.6
428.3
428.2
428.1

1215.7
1219.4
1215.0
1212.8

464.9
464.0
463.5
462.9

312.0
311.3
310.6
310.0

776.9
775.3
774.1
772.9

348.5
350.7
350.9
353.1

193.0
186.6
182.2
182.7

271.4
273.5
272.3
272.1

61.4
61.2
61.0
61.0

332.8
334.8
333.3
333 .2

1994-JAN.
FEB.

p

Week e a d j - n q
1994-JAN.
3
10
17
24
31
FEB.

7
14
21p
28p

At
commercial
banks 4

At
thrift
institutions

1.

Savings deposits include m o n e y market deposit accounts.

2.

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 r e t a i l R P s — a r e t h o s e i s s u e d i n a m o u n t s of l e s s t h a n $ 1 0 0 , 0 0 0 . A l l I R A a n d K e o g h a c c o u n t b a l a n c e s a t c o m m e r c i a l
b a n k s a n d thrifts are s u b t r a c t e d f r o m s m a l l t i m e deposits.
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 a r e 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 a t i n t e r n a t i o n a l b a n k i n g f a c i l i t i e 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 at c o m m e r c i a l b a n k s less t h o s e h e l d b y 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.

3.
4.

p

preliminary




Total

Page 9

H.6 (508)
Table 5 - continued

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

At commercial
banks

At thrift
institutions

19 9 2 - O C T .
NOV.
DEC.

59.8
61.5
61.1

20.1
20.3
20.0

79 .9

1993-JAN.
FEB.
MAR.

59.1

60.2

21.0
22.1

80.1

63.7
65.9

Total

Term
Eurodollars2

Savings bonds

Short-term
Treasury
securities3

Bankers
acceptances4

48.1
47.2
45.6

151.8
154.4
156.4

323 . 0
334.4
345.3

20.4

82 . 3
86.0

43.5
46.7
49.8

158.6
161.0
162.9

343.9
342.6
344.0

21.4

48.7
48.7
45.5

164.2
165.2
166.1

81.8
81.1

Commercial
paper5

Federal debt

Non-Federal
debt

364.7
370.4
366.3

2998.1
3028.3
3069.8

8601.3
8629.9
8653.5

18.9

367.7
359.1
361. 6

3076.2
3087.3
3121.4

8668.8
8670.0
8677.2

335.2
336.8
340.2

18.7
19.1
18.5

369.7
366.7
369.5

3142.9
3161.1
3188.9

8698.8
8722.8
8757.4

20.8
21.4

20.2

APR.
MAY
JUNE

66.6

22.9
23.2

70.2

22.6

88.9
89.8
92 . 8

JULY
AUG.
SEP.

72.7
71.9
71.1

23.7
24.2
24.5

96.4
96.0
95.6

41.9
44.1
45.2

167.0
167.8
168.7

338.9
341.6
325.2

17,
16,
15.

367.3
374.6
380.2

3201.8
3229.4
3251.9

8796.1
8824.4
8860.3

OCT.
NOV.
DEC.

70.2
69.4
70.3

24.0
24.7
25.0

94.3
94.0
95.4

45.0
48.7
46.0

169.6
170.6
171.4

320.0
328.4
335.6

16.3
15.7
15.3

385.2
385.6
389.3

3249.4
3287.0
3329.5

8902.2
8944.4
8992.0

65.5
62.7

25.2
25.0

90.7
87 . 7

44.5
46.5

172.6 p

335.9 p

15.6 p

402.7 p

3333.0 p

9024.5 p

66.6

24.8
25.4
25.5
25.3
24.9

91.3
91.9
91.6
89.5
89.6

41.8
46.2
45.4
42.5
44.9

86.2

46.9
47.0
46.2
45.9

199 4 - J A N .
FEB. p

Week e n d i n g
1994-JAN.
3
10
17
24
31
FEB.

1.
2.

22.3

Debt components6

Non-M3 Components of L

7
14
21p
28p

66.4

66.2
64.2
64.7

61.2
63.0

62.6
63.8

25.0
25.1
25.1
24.8

88.1
87.8

88.6

3.

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

4.
5.
6.

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.

iTlUlUdl lunus, allQ TOlGlyD ©DIIIIQS.

p FRASER
preliminary
Digitized for


Page 10

H.6 (508)
Table 6

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

Foreign
official
institutions

Time and
savings
deposits due
to foreign
banks and
official
institutions

19 9 2 - O C T .
NOV.
DEC.

8.5
8.4
9.0

1.7

8.1

1.6
1.6

8.9
9.6

1993-J
™

8

1

'4
-5
1 6
'

1 0

8

1

1 0

-1
'3
1 0 5
-

1

1-7
'6
I'6

Date

*7
'7
8 3
*

e

^ R ~;L,

7

-8
*3
8 2
'

8

J U L Y

8

AUG

8

SEP
-

8

8

*5
*1
•5
'

3

8 - 3
DEC=

1 9 9 4

'^

A N

9

'

8

2

U.S. government deposits
Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

4.1
4.1
5.2

5.8
5.5

Note
balances at
depository
institutions

Total
cash
balance

IRA and Keogh Accounts
Time and
savings
deposits at
commercial
banks

FEB.

2.6

6.1
4.3
4.2

7.7
5.9
5.4

27.0
25.2
13.2

40.8
35.4
22.8

2.0
2.5
2.4

147.2
146.9
147.7

123.7
122.6
121.2

44.6
45.6
45.6

315.6
315.1
314.4

10.8
U - l
1 1
•5

5.8
4.2
5.4

6.2
5.8
8.1

14.5
16.1
21.1

26.5
26.1
34.6

1.5
2.6
3.0

148.0
146.9
146.5

119.8
119.1
118.5

45.1
46.0
46.7

313.0
312.0
311.7

I-7
1-6
1.5

11-5
11.1
10.8

4.2
3.8
5.5

6.9
5.7
9.3

21.4
20.0
23.2

32.5
29.5
37.9

2.8
3.1
2.8

146.4
146.1
145.8

117.7 e
116.5 e
115.6 e

47.3
47.4
47.5

311.4 e
309.9 e
308.8 e

1

1°-6
-6
10'G

4

-5
4.0
5.2

5.9
5.6
6.7

12.6
8.8
16.2

23.1
18.4
28.1

2.7
2.7
2.6

145.2
144.6
144.2

115.8 e
116.2 e
115.6 e

47.6 e
48.3 e
48.7 e

308.6 e
309.1 e
308.5 e

10-6
'6

5.7
4.2

7.3
6.3

25.2
27.9

38.3
38.4

2.1
2.6

143.9
143.6

114.2 e
113.4 e

49.0 e
49.3 e

307.2 e
306.4 e

'6
I"8
!*6

-6
'5

1 0

1

3
1°
17

8.7
-9
8.6
8.7
8
-l

1.8
1-7
1.6
1.7
1.5

10.6
10.6
10.6
10.6
10.6

6.4
4.3
5.5
7.7
4.7

9.5
4.7
4.9
8.0
10.8

32.6
20.7
22.8
20.4
34.0

48.5
29.7
33.1
36.0
49.4

2.3
0.9
2.5
2.5
2.5

8.7
7.6
8.5
8.7

1.6
1.5
1.5
1.4

10.6
10.6
10.6
10.6

4.7
3.6
4.2
4.4

9.7
5.3
5.6
4.5

33.6
30.8
23.0
24.2

48.0
39.7
32.8
33.1

2.5
2.6
2.6
2.5

e
p

7
14
21P
28p

estimated
preliminary




318.4
318.9
317.4

6.0

1

3 1

44.6
46.2
45.4

147.6
147.2
147.2

-6

2 4

125.6
124.9

2.5
2.7

8 - 4

8

126.2

Total

27.6
21.9
25.5

1 0

Week e n d i n g
199 4 - J A N .

At
thrift
institutions

17.7
12.4
14.3

P

-

At
money
market
funds

At
commercial
banks