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