Full text of H.6 Money Stock Measures : March 16, 1995

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

:o? cow

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

* f%4L R

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES6

Billions of dollars

Date

'

For release at 4:30 p.m. Eastern Time
MARCH 1 6 , 1 9 9 5

M11

M22

M33

DEBT5

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

1038
1047
1067
1076
1085
1095
1104
1113
1122
1128

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

1 1 3 2 .5
1 1 3 7 ,.0
1141,.1
1 1 4 2 ,.8
1 1 4 3 ,.5
1 1 4 7 ,.0
1 1 5 2 , .2
1 1 5 0 , .8
1 1 5 1 , .0
1148,.1
1 1 4 7 , ,5
1 1 4 7 .,8

1995-JAN.
FEB. p

1148. 8
1147 . 1

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

3504
3507
3530
3540
3543
3549
3559
3564
3576
3583

.1
.8
.6
.2
.6
.3
.1
.4
.7
.6

4166
4174
4202
4204
4202
4205
4214
4222
4234
4242

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

5049 .5
5062 .4
5098 .7
5105 .0
5099 .8
5112 .4
5110,.4
5 1 1 8 , .9
5 1 3 1 , .7
5150 .3

11830 . 1
1 1 8 8 9 .7
11949 .0
1 2 0 0 7 .2
12064 .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

3589 .1
3586 .1
3597 ,.4
3 6 0 5 , .3
3 6 0 8 ,.4
3 6 0 5 .. 1
3 6 1 5 , .2
3 6 1 1 , .8
3 6 0 9 , .9
3 6 0 6 ,.1
3 6 0 7 . ,8
3611. 9

4 2 4 6 . .0
4 2 3 2 ,. 1
4 2 4 0 , .8
4 2 5 0 , .9
4 2 5 1 , .5
4 2 5 6 , .6
4 2 7 2 , .8
4 2 7 0 , .4
4 2 7 5 . ,4
4282. 4
4289. 3
4301. 1

5165 .6
5 1 6 3 , .0
5 1 6 5 , .9
5 1 8 1 , .4
5 1 8 8 , .7
5 1 8 5 , .5
5 2 0 7 ,, 7
5 2 0 5 . ,6
5208. 6
5233. 6
5249. 5
5291. 5

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 . ,0
12738. 5
12800. 0
12856. 5
12919. 2
12965. 0

3624. 7
3621. 7

4326. 0
4336. 5

5310. 9 P

13018. 4 p

.9
.9
.3
.6
.7
.1
.9
.2
.7
.3

5053 .3
5074 .5
5078 .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
5184..9

11788 .0
11836 .5
11886 .5
1 1 9 6 2 .. 4
1 2 0 2 0 . .5
1 2 0 7 2 , .1
1 2 1 3 4 , .3
1 2 1 7 3 ,. 1
1 2 2 4 1 , .3
1 2 3 2 7 .. 4

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

1030
10-57
1057
1072
1083
1088
1099
1112
112 9
1153

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

1142 .3
1124 2
1131..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 .6
3 5 7 3 ,.3
3 5 9 6 ,. 1
3 6 2 2 ,. 6
3 5 9 5 , .5
3 6 0 0 , .3
3 6 1 4 , .0
3 6 0 4 , .3
3 5 9 9 ,. 4
3 6 0 3 ,,1
3616,,1
3 6 3 5 , ,4

4254 .9
4 2 2 1 , .9
4 2 3 8 , .3
4 2 6 4 , ,3
4 2 4 0 , .5
4 2 5 0 , .2
4 2 6 6 , .5
4 2 6 3 . .9
4 2 6 3 . ,0
4 2 7 7 . ,5
4303. 7
4327. 2

5187..3
5 1 5 5 , .9
5 1 6 6 . ,3
5 1 9 3 , ,4
5 1 6 8 . .5
5174.,1
5195. 3
5194. 4
5189. 5
5224. 8
5271. 6
5329. 2

1 2 3 8 3 . .7
1 2 4 1 7 . ,3
1 2 4 5 8 , ,6
1 2 4 8 9 , .4
12 5 2 3 . .8
1 2 5 9 4 . .4
1 2 6 4 0 . ,7
12690. 3
1 2 7 5 6 . ,3
1 2 8 1 6 . ,0
12890. 3
12956. 8

1995-JAN.
FEB. p

1158, 5
1134. 1

3 6 3 1 , ,2
3 6 0 8 . ,0

4335. 6
4325. 2

5333. 9 p

12993. 1 p

.8
.7
.2
.2
.6
.6
.3
.1
.5
.7

Footnotes appear on the following page
p

preliminary




3505
3525
3517
3535
3541
3542
3548
3561
3584
3606

.3
.2
.8
.4
.6
.3
.4
.3
.2
.1

4167
4187
4191
4198
4195
4200
4201
4217
4246
4266

Page 2
H.6 (508)
Table 2

MONEY STOCK AND DEBT M E A S U R E S
Percent change at seasonally adjusted annual rates
M1

M2

M3

DEBT1

3 Months f r o m NOV. 1 9 9 4 TO FEB.

1995

-0.1

1.5

4.4

5.0

6 Months f r o m AUG. 1 9 9 4 TO FEB.

1995

-0.6

0.5

3.1

5.3

12 Months f r o m FEB. 1 9 9 4 TO FEB. 1 9 9 5

0.9

1.0

2.5

5.1

-0.3

1.3

3.7

T h i r t e e n w e e k s e n d i n g MARCH 6 , 1 9 9 5
from t h i r t e e n weeks e n d i n g :
DEC.
5, 1 9 9 4 ( 1 3 w e e k s p r e v i o u s )
SEP.

5,

1994

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

-0.5

0.5

2.6

MAR.

7,

1994

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

1.3

0.9

2.0

1.

and January 1994 to January 1995, respectively.

Footnotes to Table 1:

3

-

sarjaK BS55S

institution-only money market mutual funds. Excludes amounts held by depository institutions, the U.S. government, money market funds, and foreignbanks.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

4. S

S

M

p

a

p

=

'

="d bankers acceptances, „« ol money ma*e,

the data have been smoothed into the series) and month-averaged (that is, the data have been derived by averaging adjacent month-end '©vels). The PJ^entetionof th
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.




Page 3

H.6 (508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
M1
Period ending

M2

M3

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

1994-DEC.

12
19
26

1148.6
1148.4
1148.0

1149.4
1149.0
1148.3

1149.1
1147.5
1146.6

3608.3
3608.4
3608.7

3612.5
3612.2
3612.8

3610.6
3610.7
3616.0

4285.7
4287.9
4289.9

4294.6
4297.5
4301.0

4298.4
4303.3
4306.6

1995-JAN.

2
9
16
23
30

1147.7
1147.7
1147.9
1148.1
1148.1

1147 . 1
1147.2
1148.3
1148.9
1149.4

1145.2
1149.6
1151.7
1149.1
1147.0

3609.2
3610.3
3611.7
3 613.3
3614.8

3613.4
3616.0
3620.0
3622.7
3623.9

3616.4
3620.7
3626.8
3626.7
3621.4

4292.2
4294.5
4298.0
4301.7
4305.4

4303.9
4306.9
4312.9
4319.5
4326.0

4307.2
4310.4
4327.4
4333.0
4333.0

FEB.

6
13
20
27p

1148 ,
1148 ,
1148,
1148 ,

1149.6
1148.3
1147 . 4
1147 . 2

1150.4
1146.8
1145.4
1146.0

3616.7
3618.2
3618.8
3619.3

3625.4
3624.1
3622.2
3622.0

3626.7
3621.6
3618.9
3620.7

4309
4312 .
4315 ,
4319 ,

4331.4
4332 .5
4332 .4
4336.0

4332.2
4331.9
4332.6
4347.4

MAR.

6p

1147.9

1146.5

1147.7

3619.6

3619.9

3618.2

4323.8

4339.5

4345.9

Not seasonally adjusted
1994-DEC. 1 2
19
26

1151.0
1152 . 8
1156.4

1161.2
1165.3
1170.7

1170.8
1170.3
1170.3

3608.7
3611.0
3615.2

3625.4
3627.4
3632.4

3637 . 2
3628 . 8
3625.4

4287 .7
4292 .5
4298.8

4313.8
4319.6
4325.0

4333,
4327,
4318,

1995-JAN.

2
9
16
23
30

1159.4
1162.0
1163.0
1163.7
1162.8

1173 . 5
1178.9
1179.1
1172.3
1157.2

1182.4
1192.5
1171.1
1143.0
1122.1

3619.3
3623.0
3625.3
3627.5
3627.9

3634.7
3642.4
3647.3
3645.1
3630.4

3647.5
3667 . 8
3648.3
3616.7
3588.9

4304.6
4309.5
4314.5
4319.2
4322.5

4327.4
4332.1
4339.1
4341.3
4336.5

4329,
4352 ,
4355.
4328.
4310.

FEB.

6
13
20
27p

1161.8
1160.1
1158.2
1156.2

1145.9
1137.5
1134.2
1134.1

1147,
1137 ,
1129,
1121.8

3628.1
3627.4
3626.1
3625.4

3618.4
3609.4
3606.1
3607.9

3619.8
3612.0
3603.6
3596.0

4324.3
4325.5
4326.7
4328.7

4330 ,
4323 ,
4321.
4324.

4327 ,
4327 ,
4318,
4324,

MAR.

6p

1154.4

1134.4

1148.8

3624.3

3 60S . 8

3623.6

4330.8—

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.




" 4 3 2 9 . 4r "

4347.0

Page 4
H.6(508)
Table 4

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

Other checkable deposits
Currency

Date

1.
2.
3.
4.
5.
6.
?„

1

Travelers checks

2

At commercial
banks 4

At thrift
institutions5

Total

In M26

In M3 only 7

1993-OCT.
NOV.
DEC.

317.7
319.7
322.1

7.8
7.9
7.9

377. 6
382. 2
383 . 9

299.5
301.3
303.0

111.0
111.4
111.7

410.5
412.6
414.7

2450.9
2454.3
2455.0

658.3
657.6
658.9

1994-JAN.
FEB.
MAR.

325.4
328.9
332.0

8.0
8.0
8.0

3 8 6 , ,9
3 8 8 , ,6
3 8 8 , ,6

300.3
299.0
299.7

112.0
112.6
112.8

412.3
411.6
412.5

2456.6
2449.1
2456.3

656.9
645.9
643.4

APR.
MAY
JUNE

334.5
337.3
340.0

8.1
8.1
8.2

388,.1
3 8 5 , .6
386,. 3

299.1
300.5
301.0

112.9
112 . 0
111.5

412.0
412.4
412.5

2462.5
2464.9
2458.1

645.6
643.1
651.4

JULY
AUG.
SEP.

342 . 8
345.1
347.2

8.3
8.3
8.4

3 8 8 . .0
386 .6
386 .5

301.7
301.0
300.0

111.4
109.7
108.9

413.1
410.8
408.9

2463.0
2461.0
2458.9

657.7
658.6
665.5

OCT.
NOV.
DEC.

350.0
353 . 0
354.5

8.3
8.4
8.4

384.4
382 . 3
382 . 0

298.0
297.7
297.6

107.5
106.1
105.3

405.4
403.8
402.9

2457.9
2460.3
2464.0

676.3
681.5
689.2

1995-JAN.
FEB. p

357.7
358.8

8.4
8.4

383 . 5
384.1

295.1
291.8

104.2
103.9

399.2
395.8

2475.9
2474.6

701.3
714.8

Week ending
1995-JANL
9
16
23
30

355.9
357.5
358.5
359.5

8.4
8.4
8.4
8.4

383
385
383
383

.0
.6
.0
.5

296.5
296.4
295.3
292.3

105.7
103.9
103.9
103.4

402.2
400.3
399.2
395.6

2471.1
2475.1
2477.6
2474.4

689.6
700.7
706.3
711.5

FEB.

6
13
20
27p

359.2
358.3
358.8
358.8

8.4
8.4
8.4
8.5

384
383
382
385

.5
.9
.9
.0

293.3
292.9
291.5
290.1

105.0
103.2
103.8
103.7

398.2
396.1
395.3
393.7

2476.4
2474.8
2473.5
2474.7

705.4
710.3
713.7
726.6

MAR.

6p

359 . 6

8.5

383 . 5

289.7

106.5

396.1

2470.5

727.7

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 m 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.
. . . . . .
, . ,
. x
u
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. This sum is seasonally adjusted as a whole.
. . .
, x ,
. . . .
. #
. . . DD , .
Al_
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 Hrs and
Eurodollars held by institution-only money market mutual funds. This sum is seasonally adjusted as a whole.


e
estimated


p

preliminary

Page 5

H.6 (508)
Table 4 - continued

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

795.8
790.3
785.1

General
purpose and
broker/
dealer
money
market funds
355.2
358.2
360.1

313 . 8
310 . 5
308 . 9

779 . 5
775 . 0
772 . 0

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

462 .3
464 .6
467 . 4

307 . 8
306 . 2
305 . 5

770 . 1
770 . 8
772 . 9

370 . 5
373 . 5
370 . 7

183 . 1
177 . 5
177 . 9

268 .0
272 .0
274 .0

61 .8
60 . 4
61 .0

329.8
332.4
335.0

1201 .2
1192 . 6
1183 . 7

469 .9
476 .0
481 .1

305 . 5
304 . 7
305 . 4

775 . 4
780 .7
786 . 5

375 .8
376 . 2
376 . 6

178 . 7
177 . 4
176 . 3

276 .3
279 .8
284 .6

6 1 .9
6 1 .7
62 .7

338.2
341.5
347.3

405 . 6
398 . 4
3 9 1 .6

1171 .0
1157 . 6
1143 . 9

487 . 7
494 .0
502 . 4

308 . 3
312 . 8
314 .2

7 9 6 , .0
806,. 8
8 1 6 . .6

379 .7
384 .2
389 .7

180 . 8
180 . 5
180 . 8

289 .3
293 .8
297 . 9

63, .7
63 ,.9
6 4 . .3

353.0
357.7
362.3

7 4 4 , .2
7 3 4 , .5

3 8 5 . .3
377 ..3

1 1 2 9 , .5
1 1 1 1 . .8

512 ,.5
5 2 4 . .6

319 .4
327 ,.8

832 .,0
8 5 2 . ,4

3 9 2 . .6
392 .,2

1 8 6 . .3
180..4

297 ,. 1
305..4

6 6 .. 1
6 7 . ,6

363.2
373.0

7 4 6 <.5
7 4 5 , ,5
743 .,5
741, 5

387 .,2
3 8 5 , ,9
3 8 4 , ,8
382, 9

1 1 3 3 . ,7
1 1 3 1 , .4
1 1 2 8 . .3
1 1 2 4 . .4

508..1
5 1 1 . ,6
5 1 4 . ,5
5 1 6 , ,9

3 1 6 . ,9
3 1 8 . ,5
320 .,5
3 2 2 . .4

8 2 5 , ,0
830, 1
835. 0
839. 3

3 9 1 . .9
393. 4
392. 9
392, 6

1 8 6 . ,7
1 8 7 . ,6
1 8 5 . ,9
186, 7

293 . 4
2 9 5 . .3
2 9 8 . .9
3 0 1 . .2

65,
65.
66.
66.

7
9
1
7

359.1
361.2
365.1
367.9

1118,
1114.
1110.
1105.

519.
522.
525.
529.

323,
326,
329.
330.

8
4
2
4

843 . 0
848. 5
854. 8
860. 1

392.
393.
391.
392.

180.
178,
178.
183.

3
5
9
5

3 0 0 .,7
302 . 7
306. 3
310. 7

67.
67.
67.
68.

0
1
6
3

367.6
369.7
373.9
379.0

333. 3

866. 5

387. 9

183. 5

310. 7

CO
vo

9

379.7

Savings deposits 1
Date

At
commercial
banks
778.1
782 . 4
785.8

At
thrift
institutions
429.8
429.0
429.8

1994-JAN.
FEB.
MAR.

791 .3
792 .7
791 .5

APR.
MAY
JUNE

1207.9
1211.5
1215.7

At
commercial
banks
473.2
469.6
468.6

At
thrift
institutions
322.6
320.7
316.5

429 . 8
429 . 1
430 . 5

1221 . 1
1221 .9
1222 . 0

465 .7
464 .5
463 . 1

788 . 9
784 .6
780 .0

431 .1
430 . 2
426 . 8

1220 .0
1214 .8
1206 .8

JULY
AUG.
SEP.

778 .0
775 .7
772 . 8

423 . 2
417 . 0
410 . 9

OCT.
NOV.
DEC.

765 .4
759 . 2
752 .3

1995-JAN.
FEB. p
Week e n d i n g
1995-JAN.
9
16
23
30

1993-OCT.
NOV.
DEC.

1.
2.
3.
4
p

Small-denomination time deposits 2

FEB.

6
13
20
27p

738 . 3
736. 4
734. 1
730. 5

380.
378.
376.
375.

MAR.

6p

727 . 7

373 . 7

6
0
6
2

Total

9
5
6
7

1101. 4

2
1
6
7

533. 2

Total

5
3
1
7

Institutiononly money
market funds

Large-denomination time deposits 3

196.3
196.4
198.1

At
commercial
banks 4
272.8
270.2
271.2

At
thrift
institutions
63.5
63.2
61.6

Total
336.3
333.5
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
Debt components 4

Non-M3 Components of L
Date
Savings bonds

Bankers acceptances 2

Commercial paper 3

Federal debt

Non-Federal debt

1993-OCT.
NOV.
DEC.

170.1
170.9
171.5

328.1
328.4
334.2

16.2
15.5
14.9

381.8
382 . 6
387.1

3269.7
3295.5
3328.0

8941.8
8972.9
9007.3

1994-JAN.
MAR.

172.5
173.2
173.9

340.9
341.7
344.9

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

354.7
357.3
348.8

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 . 4
357.7
350.4

10.9
11.4
11.9

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

355.7
365.2
373.6

11.7
10.9
10.1

404.2
404.0
426.5

3469.6
3494.1
3497.4

9386.9
9425.1
9467.6

180.5

366.1

9.7

428.6

3504.7

9513.7

FEB.

1995-JAN. p

1.

Short-term Treasury
securities 1

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




Table 5

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Currency1

Travelers
checks 2

Demand
deposits 3

317.3
319.8
324.8

8.0
7.7
7.6

MAR.

324.0
327.3
330.6

APR.
MAY
JUNE

Date

Nontransactions components

Other checkable deposits

Overnight
RPs®

Overnight
Eurodolfaars*

655.9
662.5
660.2

72 . 3
73.2
74.4

21.6
21.7
22 . 1

2453.4
2449.1
2464.7

659.3
648.7
642.2

75.9
73.7
77.0

22.1

421.4
409.7
411.2

2469.9
2463.0
2458.0

641.7
645.0
649.9

77 . 6
78.4
80.6

21.3
24.1
26.2

111.6
109.0
108.3

410.0
406.2
405.6

2463 ,
2460
2453 ,

652.6
659.6
663.7

80.3
81.9
83.7

29.1
28.9
28.1

294,
296.
300,

107,
107 ,
107,

401.4
403.1
407.6

2455.8
2460.8
2461.9

674.5
687.6
691.8

83.4
82 . 9
84.1

30.2
29.9
32.2

388.8
374.9

301.3
292.4

104.3
101.6

405.7
394.0

2472.7
2473.9

704.5
717.2

88.5
87.8

35.8
31.3

405.9
394.7
378.5
371.5

312.0
305.9
298.8
289.2

109.3
105.9
102.4
98.9

421.4
411.8
401.2
388.2

2475.3
2477.2
2473.7
2466.8

684.9
706.8
711.3
721.3

91.9
88.4
86.5
86.3

36.7
34.9
36.4
34.7

379.8
375.9
373 . 1
370.9

297 ,
294,
290,
287 ,

104,
102,
100,
99,

402.4
396.1
391.0
386.7

2472,
2474,
2473 ,
2474,

707.9
715.5
715.1
728.3

90.1
87.6
88.3
85.8

31.9
30.5
31.1
32.0

379.4

296.3

105.6

401.8

2474.9

723.4

85.7

28.7

At commercial
banks 4

At thrift
institutions5

Total

380.5
390 . 2
401.8

295.6
299.6
306.2

110.7
112.3
113.2

406.4
411.9
419.4

2449.2
2454.6
2452.4

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

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

JULY
AUG.
SEP.

344.7
345.7
347.0

8.8
8.9
8.8

387.3
383.1
384.7

298,
297 ,
297 ,

OCT.
NOV.
DEC.

349.6
353.2
357.6

8.5
8.2
8.1

387 . 8
390.7
400.1

355.9
357.0

8.1
8.1

357.1
356.5
355.2
354.3

8.1
8.1
8.1
8.1

1993-OCT.
NOV.
DEC.

1994-JAN.
FEB.

1995-JAN.
FEB.

p

Week e n d i n g
1995-JAN.
9
16
23
30
FEB.

6
13
20
27p

357.1
357.3
357.5
355.9

MAR.

6p

359.4

1.
2.
3.

8.2

In M26

In M3 only 7

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
broker/dealer).

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

1207.8
1214.5
1213.2

commercial
banks
473.9
469.3
468.2

At
thrift
institutions
323 . 0
320.5
316.2

796.9
789.9
784.4

General
purpose and
deal!?
money
market funds
350 .6
355.4
358.3

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

791.1
785.3
782 . 3

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 ,

424.3
417.7
410.8

1204.3
1194.6
1183.6

470.5
476.5
481.7

OCT.
NOV.
DEC.

765,
761,
751,

405.7
399.5
390.9

1171.1
1160.9
1142.0

1995-JAN.
FEB. p

739.6
730.0

382.9
375.0

Week e n d i n g
1995-JAN.
9
16
23
30

746.4
743.1
736.7
731.9

Small-denomination time deposits 2

Savings deposits 1
Date

1.
2.
3.
4.
p

1993-OCT.
NOV.
DEC.

commercial
banks
778.0
784.4
784.3

At
thrift
institutions
429.8
430.1
429.0

1994-JAN.
FEB.
MAR.

786.3
788.2
791.9

APR.
MAY
JUNE

institutiononly money
market funds

Large-denomination time deposits 3
At
thrift
institutions
63.6
63.5
61.5

Total

193.0
198.0
200.0

commercial
banks 4
273.1
271.3
270.8

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

769.2
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

305,
305
305

776,
781,
787,

373.1
373.4
370.6

173.8
176.2
172.6

275.3
281.1
285.7

61.7
61.9
62.9

337.0
343.1
348.7

488.3
493.7
502 . 0

308.7
312.7
313.9

797
806
815

374.1
380.8
387.7

178.1
182.5
183.1

289.9
295.2
297.6

63.8
64.2
64.3

353.7
359.4
361.9

1122.5
1105.0

513.0
524.8

319.7
327.9

832.7
852 .7

393.3
397 .0

192.4
188.8

295.8
303 . 9

65.8
67.2

361.5
371.1

387.2
384.6
381.3
378.0

1133.6
1127.8
1118.0
1109.8

508.8
512.2
514.8
517.1

317.3
318.9
320.7
322.6

826.1
831.1
835.6
839.7

387.0
395.0
397.2
396.2

185.5
194.3
194.5
197.9

291.7
294.6
298.1
299.5

65.3
65.8
65.9
66.3

357.0
360.3
364.1
365.8

Total

Total

336.7
334.8
332.3

FEB.

6
13
20
27p

733.2
733.3
729.5
725.0

377 ,
376,
374 ,
372 ,

1111.1

1109.7
1103.8
1097.4

519.7
522.5
525.7
529.5

324.1
326.6
329.2
330.2

843.8
849.1
855.0
859.7

395.5
397.6
395.8
399.3

189.2
188.7
186.4
191.0

299.2
301.6
304.6
308.7

66.6
66.8
67.3
67 . 9

365.8
368.5
371.9
376.7

MAR.

6p

725.6

372.6

1098.2

533.2

333.3

866.5

395.7

188.0

308.8

68 c 5

377.3

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




P ayg e 9

H.6(508)
Table 5 - continued

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

1.
2.

Debtcomponents 6

Non-M3 Components of L

At commercial
banks

At thrift
institutions

Total

Term
Eurodollars2

1993-OCT.
NOV.
DEC.

71.1
70.5
71.6

25.4
25.9
26.0

96.6
96.4
97.6

44.8
48.1
46.5

169.6
170.6
171.4

1994-JAN.
FEB.
MAR.

67.0
64.8
68.3

26.6
27.5
27.2

93 . 7
92.3
95.5

45.5
47.9
46.2

172.6
173.7
174.6

APR.
MAY
JUNE

71.4
69.1
72.1

27.6
28.9
30.4

99.0
98.0
102.5

46.5
47.7
50.3

JULY
AUG.
SEP.

71,
68.8

32.0
32.9
33.5

103.1
101.3
102.2

OCT.
NOV.
DEC.

67.6
67.9
67 . 9

34.7
35.5
37 . 6

1995-JAN.
FEB. p

70.4
73.3

Week e n d i n g
1995-JAN.
9
16
23
30

Savings bonds

ort-term
Trreasury 3
securities
321.8
332.5
342.6

Bankers
acceptances4

Commercial
paper6

Federal debt

Non-Federal
debt

16.3
15.7
15.3

385.2
385.6
389.3

3249.4
3287.0
3329.5

8923.7
8954.3
8997.9

345.3
342.8
348.4

15,6
15.5
15.2

398.9
462.0
389.7

3333.0
3345.4
3374.4

9050.7
9071.9
9084.1

175.4
176.2
176.9

352.6
355.4
345.7

13.7
U.4

387.3
385.0
390.9

3376.8
3379.7
3394.5

9112.6
9144.1
9199.9

51.0
51.2
52.1

177.4
177.9
178.4

351.1
359.5
343.4

10.8

389.5
382.0
393.0

3393.9
3418.5
3438.6

9246.8
9271.8
9317.7

102.3
103.4
105.4

53.0
55.3
53.7

179.0
179.7
180.2

347.8
369.2
382.6

11.8
11.0
10.3

408.6
408.0
428.9

3448.8
3485.4
3499.0

9367.2
9404.9
9457.7

38.8
39.2

109.3
112.5

54.9
57.7

180.6 p

370.6 p

10.3 p

436.8 p

3499.0 p

9494.1 p

64.4
71.2
71.7
76.2

39.0
38.6
39.0
39.0

103.4
109.8
110.7
115.2

52.5
55.3
55.9
56.2

68,

FEB,

6
13
20
27p

72.2
74.4
72.3
74.2

39
39
39,
39,

111.2
113.5
111.7
113.6

55.3
57.8
58.1
59.3

MAR.

6p

72.3

39.2

111.5

58.7

10.6
11.1

11.6

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.




Page 10
H.6 (508)
T able 6

MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted

Foreign
commercial
banks

Foreign
official
institutions

Time and
savings
deposits
due to
foreign
banks and
official

1993-OCT.
NOV.
DEC.

8. ,3
8, ,2
9. , 1

1.6
1.8
1.6

1994-JAN.
FEB.
MAR.

8. .5
8.,4
8., 1

APR.
MAY
JUNE

Demand deposits
at banks due to

Time and
savings
deposits at
commercial
banks

Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

Note
balances at
depository
institutions

10.7
10.8
10.9

4. 5
4 . ,1
5. 2

5.9
5.6
6.7

12. 6
8. 8
16. 2

23.1
18.4
28.1

2.6
2.7
2.6

145. ,2
144, .6
144, ,2

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

48.1
49.1
49.8

309. 4
3 0 9 . ,0
3 0 8 . ,6

1.6
1.5
1.6

11.3
11.9
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

1 1 4 . ,0
1 1 3 . ,4
112 .,9

48.6
48,6
51.8

3 0 6 . ,5
3 0 5 . ,6
3 0 7 , .3

8. ,6
8, , 1
8.,2

1.5
1.5
1.5

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

1 1 2 . ,6
1 1 2 , ,2
111, ,5

54.8
56.4
56.8

309, .6
310, .9
310, .6

JULY
AUG.
SEP.

8, .3
7, .7
8, . 1

1.5
1.5
1.5

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, .7 e
111, .7 e
111, .6 e

56 < 2 e
56.9 e
57.5 e

310, .5 e
311, ,2 e
311, .8 e

OCT.
NOV.
DEC.

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

1.6
1.8
1.6

14.9
15.0
15.0

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

111, .7 e
111, .7 e
111, .6 e

58.1 e
58.5 e
59.0 e

312, .5 e
313, . 1 e
313, .8 e

1995-JAN.
FEB. p

8,.2
7, .8

1.6
1.6

15.0
14.9

4. .9
3. .3

7.0
5.9

20. .0
21, . 1

31.9
30.4

• 1.2
2.2

143 .8
144 .2

111, .8 e
112 .0 e

59.2 e
59.2 e

314, .7 e
315 . 4 e

Week e n d i n a
1995-JAN.
9
16
23
30

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

1.6
1.5
1.5
1.7

15.0
15.0
15.0
15.0

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

7.3
6.8
5.9
7.6

13, ,9
17. .8
19, .8
28, .3

26.0
29.3
; 32.0
39.0

0.8
.0 . 8
0.8
•2.1

Date

e
p

IRA and Keogh Accounts

U.S. government deposits
Total
cash
balance

FEB.

6
13
20
27p

8 .1
7 .2
7 .9
8 .0

1.6
1.6
1.5
1.6

15.0
15.0
14.9
14.8

3
2
3
3

.8
.8
.4
.2

7.8
5.2
5.7
5.2

28 .2
19, . 4
18, .9
19 .9

39.9
27.5
28.0
28.4

2.2
2.2
2.3
2.2

MAR.

6p

7 .9

1.8

14.8

3 .7

5.2

14 .8

23.6

•_>3

estimated
preliminary




At

commercial
banks

At
thrift
institutions

At
money
market
funds

Total