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

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES6

For r e l e a s e at 4:30 p.m. Eastern Time

MAY 11 , 1995

Billions of dollars

Date

M22

M1

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

3530. 6
3540, 2
3543 . 6
3 5 4 9 . .3
3 5 5 9 .. 1
3 5 6 4 . ,4
3 5 7 6 . .7
3583 . 6

4202 ..0
4204. 6
4202 ..3
4 2 0 5 . .5
4 2 1 4 . ,2
4222 . 7
4234 . 4
4242 .,5

5098. 7
5 1 0 5 . ,0
5 0 9 9 . .8
5112. 4
5110. 4
5118. 9
5131. 7
5150. 3

11949. 0
12007. 2
12064. 0
1 2 1 2 2 . ,0
12175. 1
12211. 5
12268. 4
12335. 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
1 1 5 1 . ,0
1 1 4 8 .,1
1147 . 5
1147 .. 8

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

4 2 4 6 . .0
4232 .. 1
4240 . 8
4 2 5 0 . ,9
4 2 5 1 . .5
4 2 5 6 . .6
4 2 7 3 ..7
4272 ..7
4 2 7 8 ..4
4 2 8 4 ..8
4 2 9 1 ., 1
4 3 0 4 . .0

5 1 6 5 . .5
5 1 6 2 . .8
5 1 6 5 . .7
5 1 8 1 . .3
5 1 8 8 . .5
5 1 8 5 .. 1
5 2 0 8 , .3
5 2 0 8 .. 0
5 2 1 1 , .9
5 2 3 1 . .5
5 2 4 4 . .7
5 2 9 3 ..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
12681 .1
12738 .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. P

1 1 4 8 ..8
1147 ., 1
1147 ..8
1 1 4 9 . ,7

3 6 2 6 . .4
3622 ..8
3 6 3 1 . ,2
3 6 4 3 ..4

4327 . 1
4 3 3 5 ..4
4357 ..5
4 3 7 9 . .5

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

1 3 0 2 0 , .9
1 3 0 9 3 , .9
1 3 1 5 2 . .4 P

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

1057 .,2
1072 . 2
1083 .,6
1088 ..6
1099 ..3
1112 . 1
1 1 2 9 . .5
1153 ,.7

3 5 1 7 . .8
3 5 3 5 . .4
3 5 4 1 . .6
3 5 4 2 . .3
3548 .4
3 5 6 1 .3
3584 .
.2
3606 , 1
.

4 1 9 1 . .3
4 1 9 8 . .6
4 1 9 5 . .7
4200 . 1
4 2 0 1 .9
4217 . 2
4 2 4 6 . .7
4 2 6 6 . .3

5 0 7 8 . .9
5 0 9 3 . .4
5087 ..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.

1142 ,.3
1 1 2 4 . .2
1 1 3 1 , .4
1152 ,.7
1132 ,.5
1 1 4 2 . .3
1 1 5 0 . .9
.9
1143 .
1146 . 1
1147 . 3
1155 .3
1173 .5

3595
3573
3596
3622
3595
3600
3614
3606
3602
3605
3618
3638

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

4254
4221
4238
4264
4240
4250
4267
4266
4265
4280
4305
4330

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

5 1 8 7 . .2
5 1 5 5 .6
5166 . 1
5 1 9 3 , .3
5 1 6 8 , .3
5 1 7 3 .8
5 1 9 5 .9
5 1 9 6 .8
5192 .8
5222 .8
5 2 6 6 .7
5 3 3 1 .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
1 2 5 2 3 .8
1 2 5 9 4 .4
1 2 6 4 0 .7
1 2 6 9 0 .3
12756 .3
1 2 8 1 6 .0
12890 .3
1 2 9 5 6 .8

1995-JAN.
FEB.
MAR.
APR. P

1158
1134
1138
1158

.5
.2
.0
.7

3632
3609
3629
3659

.9
.1
.2
.8

4336
4324
4353
4391

.7
.1
.4
.2

5349 .4
5367 . 1
5426 .2 P

12995 .6
13041 .0
13104 . 1 P

F o o t n o t e s appear on the following p a g e
p

preliminary




Page 2

H.6 (508)
Table 2

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

M2

M3

DEBT1

3 M o n t h s f r o m JAN. 1995 TO APR. 1995

0.3

1.9

4.8

5.8

6 M o n t h s f r o m OCT. 1994 TO APR. 1995

0.3

1.9

4.4

5.5

12 M o n t h s f r o m APR. 1994 TO APR. 1995

0.6

1.1

3.0

5.2

0.1

1.8

4.7

T h i r t e e n w e e k s e n d i n g MAY 1 , 1995
f r o m t h i r t e e n weeks e n d i n g :
JAN. 3 0 , 1 9 9 5 (13 w e e k s p r e v i o u s )
OCT. 3 1 ,

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

-0.3

1.2

3.7

MAY
1.

1994
1994

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

0.7

1.0

2.7

2,

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 1 9 9 4 to March 1 9 9 5 , r e s p e c t i v e l y .

F o o t n o t e s to Table 1:
1.

2.

3.

4.
5.

C o n s i s t s of (1) currency o u t s i d e the U.S. Treasury, Federal R e s e r v e Banks, and the vaults of depository institutions; (2) travelers c h e c k s of nonbank i s s u e r s ; (3) d e m a n d
d e p o s i t s at all commercial b a n k s other than t h o s e d u e to depository institutions, the U . S . government, and foreign b a n k s and official institutions, l e s s c a s h items in the
p r o c e s s of collection and Federal R e s e r v e float; and (4) other c h e c k a b l e d e p o s i t s (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer
s e r v i c e (ATS) a c c o u n t s at depository institutions, credit union s h a r e draft a c c o u n t s and d e m a n d d e p o s i t s at thrift institutions. S e a s o n a l l y adjusted M1 is calculated by
s u m m i n g currency, travelers c h e c k s , d e m a n d d e p o s i t s , and O C D s , e a c h s e a s o n a l l y adjusted separately.
C o n s i s t s of M1 plus overnight (and continuing contract) R P s i s s u e d by all depository institutions and overnight Eurodollars i s s u e d to U.S. residents by foreign b r a n c h e s of
U.S. b a n k s worldwide, s a v i n g s d e p o s i t s (including m o n e y market d e p o s i t a c c o u n t s ) , small-denomination time d e p o s i t s (time deposits—including retail R P s — i n a m o u n t s of
l e s s than $ 1 0 0 , 0 0 0 ) , and b a l a n c e s in both t a x a b l e and tax-exempt g e n e r a l p u r p o s e and broker/dealer m o n e y market mutual funds. E x c l u d e s individual retirement a c c o u n t
(IRA) and K e o g h b a l a n c e s at depository institutions and m o n e y market funds. Also e x c l u d e s all b a l a n c e s held by U.S. commercial banks, m o n e y market f u n d s (general
p u r p o s e and broker/dealer), foreign g o v e r n m e n t s and commercial banks, and the U.S. g o v e r n m e n t . S e a s o n a l l y adjusted M2 is c o m p u t e d by adjusting its non-M1 c o m p o nent a s a w h o l e and then adding this result to s e a s o n a l l y adjusted M1.
C o n s i s t s of M2 plus large-denomination time d e p o s i t s (in a m o u n t s of $ 1 0 0 , 0 0 0 or more) and term RP liabilities i s s u e d by all depository institutions, term Eurodollars held
by U.S. r e s i d e n t s at foreign b r a n c h e s of U.S. b a n k s worldwide and at all banking o f f i c e s in the United Kingdom and C a n a d a , and b a l a n c e s in both t a x a b l e and t a x - e x e m p t
institution-only m o n e y market mutual funds. E x c l u d e s a m o u n t s held by depository institutions, the U.S. g o v e r n m e n t , m o n e y market funds, and foreign b a n k s and official
institutions. Also subtracted is the e s t i m a t e d amount of overnight R P s and Eurodollars held by institution-only m o n e y market mutual funds. S e a s o n a l l y adjusted M3 is
obtained by adjusting its non-M2 c o m p o n e n t a s a w h o l e and then adding this result to s e a s o n a l l y adjusted M2.
C o n s i s t s of M3 plus the nonbank public holdings of U.S. s a v i n g s b o n d s , short-term Treasury securities, commercial paper and bankers a c c e p t a n c e s , net of m o n e y market
mutual fund holdings of t h e s e a s s e t s .
Debt: T h e debt a g g r e g a t e is the outstanding credit market debt of the d o m e s t i c nonfinancial s e c t o r s — t h e federal s e c t o r (U.S. government, not including g o v e r n m e n t s p o n s o r e d enterprises or federally related m o r t g a g e pools) and the nonfederal s e c t o r s (state and local g o v e r n m e n t s , h o u s e h o l d s and nonprofit organizations, nonfinancial
corporate and nonfarm noncorporate b u s i n e s s e s , and farms). Nonfederal debt c o n s i s t s of m o r t g a g e s , tax-exempt and corporate b o n d s , c o n s u m e r credit, bank loans,
c o m m e r c i a l paper, and other loans. The data, which are derived from t h e Federal R e s e r v e Board's flow of f u n d s a c c o u n t s , are break-adjusted (that is, discontinuities in
t h e data h a v e b e e n s m o o t h e d into the s e r i e s ) and m o n t h - a v e r a g e d (that is, the data h a v e b e e n derived by averaging adjacent month-end levels). T h e presentation of the
debt data in this r e l e a s e differ, therefore, from t h e quarterly flow of f u n d s statistics contained in the Federal R e s e r v e r e l e a s e s Z.7 and Z.1. In t h o s e r e l e a s e s , published
l e v e l s of credit market debt are m e a s u r e d on a quarter-end b a s i s and contain discontinuities.




Page 3
H.6(508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted

13-week
average

M3

M2

M1
Period ending

week
average

13-week
average

.9
.0
.0
.9

4 3 1 0 , ,8
4 3 1 4 , .2
4317 ,. 1
4 3 2 1 , .0

4331,. 6
4 3 3 2 .. 2
4 3 3 1 , .8
4 3 3 5 ,, 1

4 3 3 1 . .8
4 3 3 1 , .3
4331,.5
4 3 4 5 .7

4-week
average

week
average

13-week
average

4-week
average

.6
.3
.4
.2

1150. .4
1146, .8
1145. . 5
1146. .2

3 6 1 8 , .8
3 6 2 0 , .3
3 6 2 0 , .7
3 6 2 1 , .2

3626.7
3625.3
3623.3
3623.2

3627
3623
3620
3621

week
average

• -FEB.

6
13
20
27

1148
1148
1148
1148

MAR.

6
13
20
27

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

1 1 4 6 , .4
1146 .5
.8
1147 ,
1148 .8

1147 ,.2
1147 ,. 1
1150, .8
1150, .0

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

3620.8
3621.6
3626.2
3631.0

3 6 1 8 , .4
3 6 2 6 , .2
3638 ,.4
3641,. 1

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

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

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

APR.

3
10
17
24p

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

1 1 4 4 , .7
1150,. 1
1 1 4 9 , ,9
1149,. 8

3627 . 1
3 6 2 8 , .5
3 6 2 9 ,. 1
3 6 3 0 , ,6

3634.9
3638.7
3638.2
3639.8

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

4341,,1
4 3 4 5 , ,4
4 3 4 9 , ,2
4 3 5 3 , .3

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

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

MAY

IP

1148.3

1149.8

1149.5

3632.9

3644.4

3652 . 1

4358.0

4382.1

4393.5

4326
4327
4328
4329

.1
.1
.1
.8

4 3 3 0 ,. 5
4 3 2 3 ,. 1
4320 .3
4 3 2 3 ,. 6

4327 . 3
4326 .9
4317,.5
4 3 2 2 , .6

.4
.6
.3
.1

1149
1148
1147
1147

4-week
average

Not seasonally adjusted
1995-FEB.

6
13
20
27

1 1 6 1 . .8
1160,. 1
1 1 5 8 .. 3
1 1 5 6 .. 2

1 1 4 5 , .9
1137 ,.5
1 1 3 4 , .2
1134,. 1

1147
1137
1129
1121

.5
.4
.7
.9

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

3619 .7
3610 . 5
3 6 0 7 , .2
3 6 0 9 ,. 1

3620
3613
3604
3597

MAR.

6
13
20
27

1154 .4
1152 .4
1 1 4 9 , .8
1 1 4 6 . .3

1 1 3 4 , .3
1 1 3 6 , .0
1 1 3 8 , .0
1 1 3 8 , .4

1148 .2
1144, .3
1137, .6
1123 ,.6

3 6 2 6 , .0
3 6 2 5 , .5
3 6 2 5 , ,5
3 6 2 5 , .0

3 6 0 9 , .8
3 6 1 4 , .7
3 6 2 1 , .6
3627 ,.7

3 6 2 3 .8
3632 ,.9
3632 ,.4
3 6 2 1 , .6

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

4 3 2 7 ,. 8
4 3 3 5 ,. 5
4 3 4 5 .4
4 3 5 2 , .7

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

APR.

3
10
17
24p

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

1 1 3 7 , .8
1 1 4 4 , .5
1153 ,.6
1 1 6 0 , .2

1 1 4 5 , .6
1171, .0
1174, .2
1149, ,8

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

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

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

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

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

4 3 6 2 ,. 1
4 4 0 3 ,,3
4412,. 3
4 3 8 2 , ,5

IP

1143 ,.7

1158,. 1

1137 ,,5

3 6 3 3 ,, 1

3 6 5 9 , .0

3 6 3 4 ,, 1

4 3 5 6 , .7

4 3 9 2 , ,4

4371. 6

MAY

.9
.4
.7
.2

Note: S p e c i a l caution should b e taken 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, which are highly volatile and subject to revision.
p

preliminary data.




Page 4

H 6(508)
Table 4

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

Date

Travelers checks2

Demand deposits3

Nontransactions components

At commercial
banks4

At thrift
institutions5

Total

In M26

In M3 only7

1993-DEC.

322 . 1

7.9

383 . 9

303 . 0

111.7

414.7

2455.0

658.9

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

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
8.2

388.1
385.6
386.3

299
300,
301,

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

388 ,
386 ,
386 ,

301.7
301.0
300.0

111,

109 ,
108,

413.1
410.8
408.9

2463.9
2463.3
2462.2

657.6
658.6
665.2

OCT.
NOV.
DEC.

350,
353 ,
354,

8.3
8.4
8.4

384,
382 ,
382 ,

298.0
297.7
297.6

107.5
106.1
105.3

405.4
403.8
402.9

2460.8
2462.5
2466.7

675.9
681.1
689.5

357.7
358.8
362.5

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

2477.6
2475.7
2483.4

700.7
712.5
726.3

365.7

9.2

381.2

289.6

104.0

393.6

2493.7

736.0

359.6
361.7
363.3
364.1

8.5
8.6
8.8
9.0

383.3
383 . 8
385.2
384.1

289.4
289.7
289.5
289.2

106.4
103.3
103.9
103.6

395.8
393 . 0
393.5
392.9

2471.2
2479.1
2487.6
2491.1

724.8
724.4
724.1
732.2

1995-JAN.
FEB.
MAR.
APR. p
Week e n d i n g
1995-MAR.
6
13
20
27

8.1

APR.

4.
5.
6.
7.

364.0
364.3
365.3
366.6

9.1
9.1
9.2
9.2

379.5
382.9
383.2
380.0

288.9
290.7
289.7
289.1

103.3
103.1
102.6
104.8

392.2
393.8
392.3
393.9

2489.2
2491.2
2486.5
2498.0

722.6
727.4
741.7
740.1

MAY
1.
2.
3.

3
10
17
24p
IP

367.4

9.2 e

379.1

287.8

106.0

393.8

2502.6

741.4

Currency o u t s i d e U.S. Treasury, Federal R e s e r v e B a n k s and the vaults of depository institutions.
Outstanding amount of U.S. dollar-denominated travelers c h e c k s of nonbank i s s u e r s . Travelers c h e c k s i s s u e d by depository institutions are included in d e m a n d d e p o s i t s .
D e m a n d d e p o s i t s at commercial b a n k s and foreign-related institutions other than t h o s e d u e to depository institutions, the U . S . g o v e r n m e n t and foreign b a n k s and official
institutions, l e s s c a s h items in the p r o c e s s of collection and Federal R e s e r v e float.
C o n s i s t s of NOW and A T S b a l a n c e s at commercial b a n k s , U . S . b r a n c h e s and a g e n c i e s of foreign banks, and E d g e Act corporations.
C o n s i s t s of NOW and ATS b a l a n c e s at thrifts, credit union s h a r e draft b a l a n c e s , and d e m a n d d e p o s i t s at thrifts.
S u m of overnight R P s and Eurodollars, m o n e y market fund b a l a n c e s (general p u r p o s e and broker/dealer), s a v i n g s d e p o s i t s (including m o n e y market d e p o s i t a c c o u n t s )
and small time d e p o s i t s . This s u m is s e a s o n a l l y adjusted a s a w h o l e .
S u m of large time d e p o s i t s , term R P s and Eurodollars of U.S. residents, m o n e y market fund b a l a n c e s (institution-only), l e s s t h e e s t i m a t e d a m o u n t of overnight R P s and
Eurodollars held by institution-only m o n e y market mutual funds. This s u m is s e a s o n a l l y adjusted a s 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

785.1

General
purpose and
broker/
dealer
money
market funds
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

307.9
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.
1192.
1183.

469.9
476.0
481.2

306.1
306.2
307.8

776.0
782.2
789.0

376.1
377.0
377.4

178.7
177.4
176.3

276.3
279.8
284.6

61.9
61.7
62.7

338.2
341.5
347.3

405.6
398.5
391.9

1171.0
1157.8
1144.2

487.7
494.0
502.4

311.3
315.8
317.2

799.0
809.8
819.7

379.5
383.3
389.0

180.8
180.5
180.8

289.3
293.8
298.4

63 .7
63 . 9
64.3

353.0
357.7
362.7

744.1
734.2
723 . 3

385.6
377.6
371.6

1129.8
1111.9
1094.9

512.4
524.0
537.6

322.5
330.7
339.9

835.0
854.7
877.5

392.2
391.8
391.4

186.3
180.4
189.0

296.9
303.5
308.1

66.1
67.6
69.5

363.0
371.1
377.7

716.0

366.4

1082.4

547.9

348.0

896.0

396.6

192.9

309.8

70.6

380.4

727.4
725.6
723 . 5
721.8

374.0
372.2
371.9
370.7

1101.4
1097.8
1095.3
1092.5

532.1
535.9
538.4
540.2

336.3
338.5
340.3
341.8

868.4
874.4
878.7
882.0

387.6
391.6
390.4
393.4

183.
188.
193.

308.3
307.3
309.3
308.6

68.9
69.1
69.5
69.9

377.2
376.4
378.8
378.5

Small-denomination time deposits2

Savings deposits1
Date

1215.7

— R —
commercial
banks
468 . 6

thrift
institutions
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.

755.4
759.2
752.3

1995-JAN.
FEB.
MAR.

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

APR. p
Week e n d i n g
1995-MAR.
6
13
20
27

Total

Total

Institutiononly money
market funds

Large-denomination time deposits 3

—%—r
commercial

198.1

banks4
271.2

%t
thrift
institutions
61.6

188.

Total
332.7

APR.

3.
4.
p

716.0
716.7
718.2
716.0

368.1
366.2
366.2
366.5

1084.
1082.
1084.
1082.

543.2
545.6
547.8
549.4

343.8
345.9
348.0
349.7

887.0
891.5
895.8
899.2

394.8
396.5
396.1
397.2

191.8
192.3
193.1
193.6

303 . 8
306.3
309.0
312.8

70.8
70.3
71.0
70.4

374.6
376.6
380.0
383.2

MAY
1.
2.

3
10
17
24p
IP

712.6

365.9

1078.5

551.3

350.8

902 . 2

397.3

193.1

314.2

70.5

384.6

S a v i n g s d e p o s i t s include
S m a l l - d e n o m i n a t i o n time
and thrifts are subtracted
Large-denomination time
Large-denomination time
official institutions.
preliminary




m o n e y market deposit a c c o u n t s .
deposits—including retail 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 than $ 1 0 0 , 0 0 0 . All IRA and 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
from small time d e p o s i t s .
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 more, excluding t h o s e b o o k e d at international banking facilities.
d e p o s i t s at commercial b a n k s l e s s t h o s e held by m o n e y market mutual f u n d s , depository institutions, U.S. g o v e r n m e n t , and foreign b a n k s and

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

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Debtcomponents 4

Non-M3 Components of L
Date
1993-DEC.

171.5

Short-term Treasury
securities1
334.2

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

10.9
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

351.1
358.6
372.6

11.8
11.0
10.2

404.2
404.0
426.5

3469.
3494
3497.4

9386,
9425.
9467 ,

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
3536.0
3557.8

9516.2
9557.9
9594.6

Savings bonds

1995-JAN.
FEB.
MAR. p

1.

Commercial paper3

Federal debt

Non Federal debt

Bankers acceptances2
14.9

387 . 1

3328.0

9007 . 3

2.
3.
4.

C o n s i s t s of U . S . Treasury bills and c o u p o n s with remaining maturities of l e s s than 1 2 m o n t h s held by other than depository institutions, Federal R e s e r v e Banks, m o n e y
market mutual f u n d s , and foreign entities.
, ,
. ,,
Net of b a n k e r s a c c e p t a n c e s held by a c c e p t i n g banks, Federal R e s e r v e B a n k s , foreign official institutions, Federal H o m e Loan Banks, and m o n e y market mutual f u n d s .
Total c o m m e r c i a l paper l e s s commercial p a p e r held by m o n e y market mutual f u n d s .
Debt d a t a are on a monthly a v e r a g e b a s i s , derived by a v e r a g i n g a d j a c e n t end-of-month levels, and h a v e b e e n adjusted to r e m o v e discontinuities.

p

preliminary




Page 7

H.6(508)
Table 5

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

Date

Travelers
checks2

Demand
deposits3

Other checkable deposits

Nontransactions components

At commercial
banks4

At thrift
institutions5

Total

In M26

Overnight

Overnight
Eurodollars6

In M3 only7

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 . 3
648 . 7
642 . 2

75 . 9
73 . 7
77 . 0

22 . 1
21.2
23 . 0

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
1 1 1 .7

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

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 .6
109 . 0
108 . 3

410 . 0
406 . 2
405 . 6

2464 .0
2462 .7
2456 .5

652 . 5
659 . 6
663 . 3

80 . 3
81 .9
83 . 7

29.1
28.9
28.1

OCT.
NOV.
DEC.

3 4 9 ,. 6
353 ,,2
3 5 7 . .6

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

387 . 8
390.7
400 . 1

294 . 1
296 .0
300 ,
.6

107 .4
107 . 1
107 ,.0

4 0 1 .4
403 , 1
.
407 ,.6

2458 .6
2463 . 1
2 4 6 4 .6

674 . 0
687 .2
692 . 0

83 . 4
82 . 9
84 . 1

30.2
29.9
32 . 2

1995-JAN.
FEB.
MAR.

355. 9
357. 1
361. 4

8. 1
8. 1
8. 4

3 8 8 . .7
3 7 4 . .9
3 7 4 . ,0

3 0 1 . .3
292 ..3
2 9 1 .. 1

1 0 4 . .4
1 0 1 , ,8
103 ., 1

4 0 5 . ,7
3 9 4 ., 1
394. 2

2 4 7 4 .. 4
2 4 7 4 . .9
2491. 2

703 ..8
7 1 5 . .0
7 2 4 .. 1

87 . 1
8 6 . .5
87 ..7

36.0
31.8
31.0

365. 5

8. 8

3 8 2 . ,0

296. 6

105. 8

402. 4

2501. 1

7 3 1 . .4

85. 5

30.3

359.
361.
362.
361.

4
7
1
5

8.
8.
8.
8.

2
3
5
6

379.2
377 . 4
373 . 9
366. 0

296. 0
293 . 3
290. 4
286. 9

105. 5
103 . 7
102 . 7
100. 6

401. 5
397 . 0
393. 1
387. 5

2475.
2488.
2494.
2498.

5
6
8
0

720.
724.
724.
730.

6
8
7
2

84. 6
84. 2
90 . 7
90 . 3

29.1
30.6
30.4
32 . 2

362.
366.
366.
364.

7
6
2
9

8.
8.
8.
8.

8
8 e
8 e
8 e

378.
386.
390.
375.

7
9
9
0

291. 0
300. 4
301. 1
297 . 4

104. 5
108. 3
107 . 2
103 . 8

395.
408.
408.
401.

5
8
3
2

2502 . 3
2511. 0
2498. 8
2497 . 0

714.
721.
739.
735.

2
3
3
8

89
87
80
85

.0
.2
.2
.2

33 . 7
29 .7
26.9
30 . 8

374. 3

286. 4

103 . 2

389. 5

2496. 6

737 . 5

88 . 1

32 .7

APR. p
Week e n d i n g
1995-MAR.
6
13
20
27
APR.

MAY

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

3
10
17
24p
lp

364. 8

8. 8 e

• •-y
—
•
J1'
— ~
•
,, V- UMU II l5 »WUIU U| U CJJUOIIWI y II IOLIIUUUI IO.
k.
«>
Outstanding amount of U.S. dollar-denominated travelers c h e c k s of nonbank i s s u e r s . Travelers c h e c k s i s s u e d by depository institutions are included in d e m a n d d e p o s i t s .
D e m a n d d e p o s i t s at c o m m e r c i a l b a n k s and foreign-related institutions other than t h o s e d u e to depository institutions, the U . S . g o v e r n m e n t and foreign b a n k s a n d official
institutions, l e s s c a s h items in the p r o c e s s of collection and Federal R e s e r v e float.
C o n s i s t s of NOW and A T S b a l a n c e s at commercial banks, U.S. b r a n c h e s and a g e n c i e s of foreign banks, and E d g e Act corporations.
C o n s i s t s of NOW and ATS b a l a n c e s at thrifts, credit union s h a r e draft b a l a n c e s , and d e m a n d d e p o s i t s at thrifts.
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
•eposns.
S u m of large time d e p o s i t s , term R P s and Eurodollars of U.S. residents, m o n e y market fund b a l a n c e s (institution-only), l e s s t h e e s t i m a t e d a m o u n t of overnight R P s and
Eurodollars held by institution-only m o n e y market mutual funds.
b r o k ^ ^ e ^ l e l j ^ ^ ^ ^ a n c * c o n ^ n u ' n 9 contract R P s issued by all depository institutions to other than depository institutions and m o n e y market mutual funds (general purpose and

 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).
9.
Issued by


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

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

At
thrift
institutions
429.0

Total

At .
commercial

At
thrift

Total

1993-DEC.

commercial
banks
784.3

General
purpose and
broker/
dealer
money

1213. 2

468. 2

316. 2

784. 4

358. 3

200. 0

270. 8

1994-JAN.
FEB.
MAR.

786.3
788.2
791.9

427.1
426.7
430.8

1213 . 5
1214. 9
1 2 2 2 . .7

466. 2
464, 6
462. 9

314. 1
310. 6
308. 8

780. 2
775. 2
771, 6

361. 6
364, 1
3 7 0 , .3

200. 5
1 9 1 . ,0
1 8 5 , ,7

271. 9
268. 8
267. 3

61.3
61.4
61.1

333.2
330.2
328.4

APR.
MAY
JUNE

791.1
785.3
782.3

432.3
430.6
428.1

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

4 6 1 . .8
463 ,.7
467 ,.0

307 , 5
305, 5
3 0 5 . .2

7 6 9 . .3
7 6 9 ., 2
772 . 1

3 7 8 . .3
3 7 5 .4
368 .7

1 8 1 . ,8
176 .8
172 . 5

2 6 6 , ,3
2 7 4 ,, 1
275 .3

61.4
60.9
61.3

327.7
335.0
336.6

JULY
AUG.
SEP.

780.
777 .
772,

424.3
417 .7
410.8

1204 .3
1194 .6
1183 .6

470 . 5
476 . 5
4 8 1 .7

3 0 6 .. 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
2 8 5 .7

61.7
61.9
62 . 9

337.0
343.1
348.7

OCT.
NOV.
DEC.

765,
761
751

405.7
399.7
391.2

1171 .1
1161 .0
1142 . 3

488 . 3
493 .7
502 . 0

311 .7
315 . 7
317 . 0

800 . 0
809 . 3
819 . 0

373 . 9
379 . 9
387 . 1

178 . 1
182 . 5
183 . 1

289 . 9
295 .2
298 . 1

63 . 8
64 .2
64.3

353.7
359.5
362.3

739. 5
729 . 8
723. 4

383 . 2
375. 3
371. 6

1122 . 7
1105. 1
1094. 9

512. 9
524. 1
537 . 4

322 . 8
330. 8
339. 8

835 . 7
855. 0
877 . 2

392. 9
396. 7
400. 3

192. 4
188. 8
190. 8

295. 6
302 . 0
306. 1

65. 8
67 . 2
69 . 1

361.3
369.2
375.2

717 ..8

367. 3

1085,,1

547 . 3

347 . 7

895, 0

405, 3

191. 3

307 . 7

70. 1

377.8

725
726
723
720

.3
.1
.3
.9

372 .,9
372 ..4
3 7 1 .8
370 .2

1 0 9 8 . .2
1 0 9 8 .5
1 0 9 5 .0
1091 .1

5 3 2 .. 1
5 3 5 . ,8
538 . 1
539 .9

3 3 6 . .3
3 3 8 , .4
340 .0
341 . 6

8 6 8 , .4
874 .2
878 . 1
881 .5

395
401
400
402

.3
.1
.5
.8

1 8 8 . ,0
1 9 1 . .6
1 9 0 , .7
193 . 4

3 0 6 . ,4
3 0 5 , .9
307 ,
.2
306 .2

6 8 . .5
68 .8
69 .0
69 . 3

374.9
374.7
376.3
375.6

720
725
722
712

.7
.8
.0
.4

370
370
368
364

543
545
547
548

343
345
347
349

886
891
894
897

401
406
406
406

.7
.4
.8
.5

189 . 3
190 . 5
193 . 2
191 .0

300
304
306
310

70
69
70
70

.1
.7
.3
.0

370.9
373.8
376.5
380.9

402 . 5

191 .4

313 . 3

70 . 3

383.6

Small-denomination time deposits2

Savings deposits1
Date

1995-JAN.
FEB.
MAR.
APR. p
Week e n d i n g
1995-MAR.
6
13
20
27
APR.

MAY

1.

2.

3
10
17
24p
IP

708 .6

.5
.8
.1
.6

363 . 8

1091
1096
1090
1077

.3
.6
.1
.0

1072 .5

.1
.3
.2
.4

550 . 5

.6
.8
.6
.1

350 . 3

.7
.1
.8
.5

900 . 8

Large-denomination time deposits3

Institutiononly money
market funds

commercial

Ki

.7
.0
.2
.9

At
thrift
institutions
61.5

I m ^ M - d e n o m n a t i o M i m e d ^ ^ ^ W u d % ° ^ ^ 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 than $ 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 -

L a r ' g ^ d e n o m h a t i o M i m ! d e p 2 ^ a r e % s e ^ S i n % o 3 n t s of $100,000 or more, excluding t h o s e b o o k e d at international banking faciNties^
Large-denomination time 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 market mutual f u n d s , depository institutions, U . S . g o v e r n m e n t , a n d foreign
b a n k s and official institutions.

p
preliminary

3.
4.

Total
332.3

Pa9e 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

Total

Term
Eurodollars2

1993-DEC.

71.6

26.0

97 . 6

46.5

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.

71.0
68.4
68.4

32
32
33,

103.1
101.3
101.9

OCT.
NOV.
DEC.

67.2
67.5
67.7

34,
35,
37.6

1995-JAN.
FEB.
MAR.

70.2
73.4
72.9

Savings bonds

Short-term
Treasury
securities3
342.6

Bankers
acceptances4

Commercial
paper5

Federal debt

Non-Federal
debt

Week e n d i n g
1995-MAR.
6
13
20
27

15.3

389.3

3329.5

8997.9

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

175.4
176.2
176.9

352.5
355.2
345.3

13.7
11.4
10.6

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

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

101.9
102.9
105.3

53.0
55.3
53.7

179.0
179.7
180.2

343.3
362.4
381.6

10.4

408.6
408.0
428.9

3448.8
3485.4
3499.0

9367.2
9404.9
9457.7

38.8
39.2
39.4

109.0
112.6
112.3

54.8
57.6
58.7

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

3499.0
3525.1
3551.5

9496.6
9515.8
9552.6 p

75.4

APR. p

40.0

115.4

59.8

72.5
73.3
72.7
74.6

39.2
39.4
39.6
39.8

111.7
112.6
112.3
114.5

58.5
58.7
58.1
59.6

APR.

3
10
17
24p

70.5
72.2
80.1
76.4

38.5
39.1
40.2
40.8

108.9
111.3
120.3
117.2

lp

75.1

40.8

115.9

11.1

11.7
11.9
11.1

58.3
58.2
61.7
59.9

MAY
1.
2.

Debt components 8

Non-M3 Components of L

60.0

4.
5.
6.

Term R P s are t h o s e with original maturities greater than o n e day, excluding continuing contracts and retail R P s .
Term Eurodollars are t h o s e with original maturities greater than o n e day. C o n s i s t s of t h o s e i s s u e d to U.S. residents by foreign b r a n c h e s of U . S . b a n k s world-wide and by
all banking o f f i c e s in the United Kingdom and C a n a d a . Excludes t h o s e held by depository institutions and m o n e y market mutual f u n d s .
C o n s i s t s of U.S. Treasury bills and c o u p o n s with remaining maturities of l e s s than 1 2 m o n t h s held by other than depository institutions, Federal R e s e r v e B a n k s m o n e v
market mutual f u n d s , and foreign entities.
'
Net of b a n k e r s a c c e p t a n c e s held by a c c e p t i n g banks, Federal R e s e r v e B a n k s , foreign official institutions, Federal H o m e Loan Banks, and m o n e y market mutual f u n d s
Total c o m m e r c i a l p a p e r l e s s commercial paper held by m o n e y market mutual f u n d s .
Debt d a t a are o n a monthly a v e r a g e b a s i s , derived by averaging adjacent e n d - o f - m o n t h levels, and h a v e b e e n adjusted to r e m o v e discontinuities.

p

preliminary

3.




Page 10

H 6(508)
Table 6

MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted

Foreign
commercial
banks

Foreign
official
institutions

1993-DEC.

9.1

l. 6

Time and
savings
deposits
due to
foreign
banks and
official
institutions
10, ,9

1994-JAN.
FEB.
MAR.

8.5
8.4
8.1

1. 6
1. 5
l. 6

APR.
MAY
JUNE

8.6
8.1
8.2

JULY
AUG.
SEP.

Demand deposits
at banks due to

U.S. government deposits
Total
cash
balance

Time and
savings
deposits at
commercial
banks

At
commercial
banks

16, ,2

28, . 1

2. 6

144. 2

114 .6

49, .8

308.6

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

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

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

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

108 .7 e
108, .7 e
108, .6 6

58, .3
59, . 4
59, ,7

309 .7 e
3 1 1 .0 e
311, .5 e

8.2
7.8
7.9

1 , ,6
1 , ,6
1 , ,6

15, .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
144. 6
145. 5

108, .8 e
109, . 2 e
109, ,3 e

59, ,6 G
59, ,6 e
59, ,6 e

312, .0 e
313, .4 e
314, .4 e

7.6

1 , ,6

14, ,8

5.4

6,.2

24, . 1

2,,5

146. 3

109, ,7 e

59, , 8 e

315, .8 e

7.9
7.7
7.9
8.0

1. 8
1 . ,5
1. 6
1. 5

14, ,8
14, ,9
14, .9
14, ,9

3.7
2.9
4.5
2.8

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

14.4
7.9
8.7
9.8

23, .2
16, . 1
19, .2
17, .2

2, ,3
2, ,2
2, ,3
2,,3

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, .8

2, .3
2, ,6
2. 6
2. 5

14. 8

5.6

e 1

27.9

41, ,7

2. 6

Balance
at
Federal
Reserve

5 .2

6.,7

11. ,3
11, .9
12. .5

5 .8
4,.2
4 .3

1. 5
l. 5
l. 5

12, ,9
13. ,0
13. 1

8.3
7.7
8.1

l. 5
l. 5
l. 5

OCT.
NOV.
DEC.

8.0
8.2
8.4

1995-JAN.
FEB.
MAR.
APR. p
lie
eatiiag
1995-MAR.
6
13
20
27
APR.

3
10
17
24p

8.0
7.2
7.4
7.4

1.
1.
1.
1.

MAY

lp

8.3

1. 5

estimated
preliminary




7
5
7
6

Note
balances at
depository
institutions

H
to

Demand
deposits at
commercial
banks

Date

e
p

IRA and Keogh Accounts
At
thrift
institutions

At
money
market
funds

Total