Full text of H.6 Money Stock Measures : May 24, 1984
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FEDERAL RESERVE statistical release
H.6 (508)
Table 1
For Release at 4:30 Eastern Time
WAY
MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES
24,
198a
Billions of dollars
M1
Date
Sum of currency,
travelers checks,
demand deposits and
other checkable deposits1
M2
M3
M2 plus
M1 plus overnight RPs
targe time deposits,
and Eurodollars,
MMMF balances (gen. pur. term RPs, term Eurodoiiars
and broker/dealer), MMDAs,
and institution-only
MMMF balances3
and savings and small
2
time deposits
Seasonally adjusted
L
Debt
M3 plus other
liquid assets4
Debt of domestic
nonfinancial sectors5
1 9 3 3 — APJR.
HAY
JUNE
JULY
AUG
SEPT.
OCT.
NCV.
DEC.
497,9
506.6
510,9
514.9
517.4
518.9
521.6
523-0
525.3
2081.8
2102.2
2117.0
2126.6
2135.3
2147.9
2167.2
2182.1
219b.1
2550.6
2571.0
2593.0
2604.0
2617.2
2636.4
2657.0
2688.9
2706.8
2980.0
3003.3
3033.1
3059.7
3075.1
3097.7
3114.7
3146.9
3177.0
4864.9
4911.4
4973.8
5016.9
5055.6
5099.3
5143.1
5189.4
5244.8
1 9 8 4 — JAN.
FEE.
MAR.
A££.
530.0
532.9
535.1
535.3
2206.5
2221.9
2229.2
2242.3
2122.2
2745.3
2766.8
2791.7
3198.8
5302.2
5359,7
5406.0
Not seasonally adjusted
1983--APE.
MAY.
JUKE
JULY
AUG.
SEPT.
OCT.
NCV.
DEC*
505.2
500.7
509.8
516.6
513.5
516.3
522.3
526.7
537.8
2092.4
2096.7
2118.1
2131.9
2133.3
2142.2
2167.1
2181.2
2197.9
2558.4
2565.9
2591.2
2604.0
2615.6
2631.0
2655.7
2689.9
2712.9
2991.2
2999.3
3028.6
3052.5
3070.6
3085.5
3110.6
3148.1
3184.8
4840.1
4885.2
4947.4
4989.8
5032.9
5086.2
5128.4
5176.0
5244.8
198**—JAN.
FEE.
flAfi.
534.8
521.9
528. 1
543.1
2210.3
2211.7
2230.2
2254.1
2728.1
2738.0
2768.1
2800.2
3210.2
5290.3
5340-5
5388.2
APfe.
M1
For period ended
13-week average
1984-APE.
BAY
NOTE:
Seasonally adjusted
4-week average
week average
13-week average
Not seasonally adjusted
4-week average
week average
2
9
16
23
30
533.0
533-5
534.0
534.2
534.5
535.9
536.0
536.0
534.5
534.8
533.4
536.5
535.8
532.3
534.7
528.3
527.7
528.4
529.7
531.0
528.4
533.0
538.4
543.7
543.1
532.0
549.2
550.9
542.5
529.6
7 P
14 P
535. 1
535.7
535.7
537.0
539.9
541.0
531.9
533.1
540.7
537.6
539.8
538.4
SPECIAL CAUTION SHODLD BE TAKEN IN INTEEPBETIJIG WEEX-TO-WEEK CHANGES IN MONEY SUPPLY
HIGHLY VOLATILE AND SUBJECT TO REVISION.
P ~ I N D I C A T E S PRELIMINARY DATA.
FOOTNOTES APPEAR ON THE FOLLOilHG PAGE
DATA, WHICH ARE
H.6 (508)
Table 2
MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES
Percent change at seasonally adjusted annual rates
M1
M2
M3
Debt1
3 MONTHS FROM J A N .
1 9 8 4 1 0 APfi.
1984
4.0
6.
10. 2
12.4
6 A0N2US FROM OCX.
1 9 8 3 TO APR.
1984
5.3
6. 9
10. 1
12.1
12 MONTHS FROM APfi.
1 9 8 3 TO APfi.
1984
7.5
7. 7
9. 5
12.0
THIRTEEN KEEKS ENDING HAY
1 4 , 1984
FROM THIRTEEN WEEKS ENDING:
1/
1/
2/
3/
4/
5/
FEfi.
13,
1984
(11
UEEXS PREVIOUS)
NOV.
14,
1983
( 2 6 iEEKS
HAY
16,
1983
(52
6.1
PBBVIOUS)
6.0
WEEKS PREVIOUS)
7.6
GROWTH BATES FOB DEBT ABB BASED ON PERIODS BEGINNING ASD ENDING ONI MONTH EABLIEB THIN FOB 1HB MONETARY AGGBBGATES,
NAMELY, DECEMBER 1983 TO MARCH 1984, SEPTEMBER 1983 TO MABCfl 1984, AND BABCB 1983 TO AABCH 1984, BESPECTIVELY. THESE
GROWTH BATES REFLECT ADJUSTMENTS FOB DISCONTINUITIES OVEfi TIflE IN THE LEVELS OF DEBT PRESENTED IV OTHFB TABLES,
FOOTNOTES TO TABLE 1
CONSISTS OF (1) CURBENCY OUTSIDE THE TREASURY, FEDEBAL RESERVE BANKS, AND THE VAULTS OF COMMERCIAL BANKS;
(2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COHHEBCIAL BANKS OTHEB THAN THOSE DOE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS
OF COLLECTION AND FEDEBAL RESERVE FLOAT; AND (4) OTHEB CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE OfiDBB
OF WITHDRAWAL (NOW) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPCSITOBY INSTITUTIONS,
CBEDIT ONION SHARE CBAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CUBBENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEHAND DEPOSITS, BBSPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIB OCD LIABILITIES.
CONSISTS OF Ml PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALX COMBSBCIAL BANKS AND OVEBNIGHT EUBODOLLABS
ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE, 8MDAS, SAVINGS AND SHALL DENOMINATION
TIflE DEPOSITS (TIME DEPOSITS—INCLUDING BETAIL S P S — I N AMOUNTS OF LESS THAN $100,000) m AND BALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER HONEY MARKET MUTUAL FUNDS. EXCLUDES IBA AND KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND MONEY MARKET FUNDS. ALSO EXCLUDES ALI BALANCES HELD BY U.S. COMMERCIAL
BANKS, MONEY MARKET FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FOBEIGN GOVERNMENTS AMD COMMERCIAL BANKS, AMD
THE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT BEPBESENTS THE ESTIMATED AMOONT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF M2 PLUS LARGE DENOMINATION TIME DEPOSITS AND TERM BP LIABILITIES
(IN AMOUNTS OF $100,000 OR MORE) ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. BESIDEMTS AT FOREIGN BRANCHES OF U.S. BANKS
WOBLDWIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT
INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS, EXCLUDES AMOUNTS HELD BY DEPCSITOBY INSTITUTIONS, THE U.S. GOVERNMENT, HONEY
MARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY MONEY MUTUAL FUNDS.
CONSISTS OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TBEASURY SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF MONEY MARKET MUTUAL FUND HOLDINGS CF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE BONDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND CTHER DEET
INSTRUMENTS. THE SOURCE OF DATA ON DOMESTIC NONFINANCIAL DEBT IS THE FEDERAL BESEBVE BOARD'S FLOW OF FUNDS ACCOUNTS.
DEBT DATA ABE ON AN END CF MONTH BASIS.
H.6 (508)
Table 3
COMPONENTS OF THE MONEY STOCK
Billions of dollars, seasonally adjusted
Nontransactions
components
in M3
only#
In M2»
Savings deposits7
at
at
thrift
total
commercial
banks
institutions
Selected nontransactions items
Small time deposits*
at
at
thrift
total
commercial
banks
institutions
Travelers
checkt 1
09m*n<i
deposits3
Other
checkable
deposits4
139.1
140.5
141.6
i1.6
l1.6
1.6
239.5
241.5
243.0
114.7
120.0
121.7
1583.9
1595.6
1606.1
468.8
468.8
476.0
140.6
140.4
140.0
181,3
182.6
182.8
321.9
323.1
322.8
323.2
321.2
322.3
404.2
401.4
402-5
727.4
722.6
724.8
228.4
224.5
226.9
69.9
73.5
76.0
298.3
298.0
303.0
JOLT
AUG.
SEPT.
142,4
143.5
144.8
1.6
1.7
1.7
244.5
243.7
243.0
123,4
125.6
126.4
1611.6
1617.9
1629.0
477.5
482.0
488.6
138.8
138.0
137.4
181.9
181.3
180.5
320.7
319.3
317.9
328,0
333.4
338.2
409.0
415.6
420.7
737.0
749.0
759.0
224.1
224.0
223.8
80,1
84,5
89.4
304.2
308.6
313.2
OCT.
ROV.
DEC,
146.0
147.2
148.0
1,8
1.9
>.9
243.6
242.8
243.7
127.2
128.2
128.8
1645.6
1659,2
1670.8
489.8
506.7
510.7
137.0
136. 1
134.6
180.2
179.2
178.2
317.1
315.4
312.9
344.8
350.0
353.1
428.2
435.5
440.0
773.0
785.5
793.1
221.7
224.2
225.5
93.9
96.6
100.4
315.6
320.8
325.9
1984-JAN,
FEB,
MAB.
149.9
150.2
150.9
4.9
5.0
5,0
244.5
243.8
244.0
130.7
133.8
135.3
1676.5
1689.0
1694.1
515.7
523.5
537.6
132.1
130.1
128.9
177.7
176.5
176.6
309*9
306.5
305.4
352.9
352.8
353.5
444.1
448.1
449.9
797.0
800.9
803.4
227.2
228.3
232.7
106.3
111.9
115.5
333.4
340.2
348.2
APR,
151.8
5.1
245.2
133.2
1707.0
549.4
128.6
176.8
305.4
355.8
453.3
809.1
236.4
119.3
355.7
150.7
151.2
151.8
152.3
152.2
243.9
244.7
245.0
244.9
244.2
133.7
135.5
134.0
130.0
133.1
128.8
129.0
128.5
128,3
128.2
354.6
354.6
354.8
356.3
356.7
234.0
235.0
235.9
236.3
238.9
152.8
152.8
245.7
245.8
136.3
137.3
128,5
128.4
358.7
359.3
239.3
240.9
Date
1983-APB,
HAT
JUNE
WEEK ENDING
1984-APB. 2
9
16
23
30
BAT 7P
14P
1/
2/
3/
4/
5/
6/
7/
8/
9/
10/
Currency1
Lar{ e time deposits'
at
at
commercial
thrift
total
banks 10 institutions
C0BBEICT OUTSIDE THE O.S. TBEASU8Y, FEDERAL RESEBTE BANKS AMD VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIHATED
AMOUNT OF VAULT CASH HELD BT TBBIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING ABOOST OF O.S. DOLLAB-DBKOfllHATED TRAVELERS CHECKS OF NONBA1K ISSUERS. TBAVELEBS CHECKS ISSUED BT DEPOSITORY
INSTITUTIONS ABE INCLUDED IN DEHAND DEPOSITS.
DEHAND DEPOSITS AT COHHEBCIfiL BANKS AND FOREIGN BELATED INSTITUTIONS OTBEB THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEBS IN THE PROCESS OF COLLECTION AND FEDERAL RESEBVE FLOAT.
EXCLUDES THE ESTIHATED AMOUNT OF DEHAND DEPOSITS HELD AT COHHERCIAL BARKS BY THRIFT INSTITUTIONS TO SERVICE THEIB OCD
LIABILITIES.
CONSISTS OF NOB AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CBEDIT UNION SHABE DfiAFT BALANCES AND
DEHAND DEPOSITS AT THBIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFFERENCE BETHEEN THE
SEASONALLY ADJUSTED SUH OF DEHAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEH AMD DEPOSITS. INCLUDED ABE ALL CEILING
FREE "SUPER MOWS," AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEREGULATION COMMITTEE TO BE OFFERED BEGINNING JANUARY 5,
1983.
SOB OF OVERNIGHT RPS AND OVEBNIGHT EURODOLLARS, HONEY HABKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER),
HNDAS, AND SAVINGS AND SHALL TIflB DEPOSITS, LESS THE CONSOLIDATION ADJUSTHENT THAT REPRESENTS THE ESTIMATED AHOUNT OF
DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIB TIRE AND SAVINGS DEPOSITS LIABILITIES.
SUH OF LARGE TIHE DEPOSITS, TERH BPS AND TEBH EURODOLLARS OF U.S. RESIDENTS, HONEY HABKET FOND BALANCES (INSTITUTOINONLY), LESS A CONSOLIDATION ADJUSTHENT THAT BEPBESENTS THE ESTIHATED AHCUNT OF OVEBNIGHT BPS AND EURODOLLARS HELD £Y
INSTITUTION-ONLY HONEY HARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE HHDAS.
SHALL DENOMINATION TIHE DEPOSITS—INCLUDING BETAIL R P S — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SHALL
TIBE DEPOSITS.
LABGE DENOMINATION TIME DEPOSITS ABB THOSE ISSUED IN AMOUNTS OF $100,000 OB MOBE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LAEGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY HONEY HABKET SUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.
H.6 (508)
Table 4
COMPONENTS OF LIQUID ASSETS AND DEBT
Billions of dollars, seasonally adjusted
Date
1983-APR.
3/
4/
commercial paper9
Debt components4
federal debt
non-federal debt
JUNE
196.4
198.5
206.8
41.3
41.0
40.6
122.5
123.4
122*9
1052.3
1075.0
1107.1
3812.6
3836.4
3866.7
JULY
AUG,
SEPT.
70.1
70.3
70.5
219.6
222.9
221.6
41.6
43.6
43.8
124.4
12U0
125.3
1120.2
1136.2
1149.0
3896.7
3919.4
3950.3
OCT.
NOV.
DEC.
70.7
70.8
7U0
218.5
217.3
223.1
42«8
43.0
43.4
125.7
126.9
132.4
1163.0
1170.0
1177.9
3980.1
4019.4
4066.8
1984-JAN.
71.2
227.4
42.8
135.1
1204.7
1221.5
1219.8
4097.4
4138.2
4186.2
FEB.
J9AB.
2/
Non-M3 components of L
bankers acceptances2
short-term treasury
1
securities
69.2
69.5
69.8
MAY
1/
savings bonds
CONSISTS OF U.S. TREASURY BILLS AMD COUPONS WITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BIT OTHER THAN DEPOSITORY
XNSTITUTIONS # FEDERAL RESERVE BANKS, MONEY MARKET MUTUAL FUNDS AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.
DATA ARE ON AN END OF MONTH BASIS.
H.6 (508)
Table 5
COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Nontransactions components
Other checkable deposits
Date
1
Currency
Travelers
checks2
Demand
deposits3
at commercial
banks4
at thrift
institutions 9
total
in M2*
in M3 only*
Overnight
RPs8
Overnight
Eurodollars*
General
purpose and
broker/dealer
money market
funds
JONE
138.7
140.4
141.9
4.4
4,5
4.9
242.1
237.5
241.8
90.8
88.8
91.0
29.2
29.4
30.3
120.0
118.2
121.2
1587.2
1596.1
1608.3
466.0
469.1
473.1
42.6
46.0
46.7
8.2
9.a
9.4
148,2
141.4
140.2
JULY
AOG.
SEPT.
143.6
143.8
144.3
5.2
5. 1
5.0
244.9
241. 1
242.0
91.9
92-4
93.4
31.0
31.1
31.6
122.9
123-5
124.9
1615.2
1619.8
1626.0
472.1
482.3
488.8
43.5
42.0
42.8
9.6
10.4
10.7
138.7
139.1
137.9
OCT.
NOV.
DEC.
145.7
147.9
150.5
4.8
4.6
4.6
244.8
245.2
251.6
94.3
95.6
97.7
32.7
33.3
33.5
127.0
128.9
131.2
1644.8
1654.5
1660.1
488.5
508.7
515.0
45.3
44.9
44.8
11.7
10.3
11.3
137.5
138.8
138,2
19 84-JAN.
FEB.
MAR.
148.4
148.3
149.8
4.6
4.7
4.8
249.4
237.9
239.4
99.2
97.7
99.7
33.2
33.2
34.4
132.5
130.9
134.1
1675.5
1689.9
1702. 1
517.8
526.3
537.9
47.1
48.1
47.0
11.2
10.7
10.7
137.9
142.1
144.8
APR.
151.5
4.8
247.8
102.7
36.2
139.0
1711.0
546.1
46.4
9.9
146.1
1983-APR.
HAY
JfEEK ENDING:
1984-APB.
HAY
1/
2/
3/
4/
5/
6/
7/
8/
9/
2
9
16
23
30
149.6
152.4
151.9
151.5
150.4
242.8
250.6
252.4
246.9
240.5
99.9
104.5
104.9
103-2
98.7
34.9
37.0
36.9
36.1
35. 1
134.8
141.5
141.8
139.3
133.8
49.0
49.3
44.1
44.5
46.8
11.6
9.3
10.2
7,8
11.6
145.4
146. 1
146.8
146.4
145.4
7 P
14 P
153.2
153.1
244.0
244.0
100.8
100.2
36.8
36.2
137.6
136.3
45.7
45.2
9.0
11.9
144.5
146.2
CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERfE BANKS AND THE fAOLTS OF COMMERCIAL BANKS. EXCLUDES TBE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE T3EIR OCD LIABILITIES.
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 OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S, GOVERNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT, LESS THE ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF NOB AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER NOUS OF S30.5 BILLION III THE WEEK ENDED APBIL 30, $30.9 BILLION IN THE WEEK ENDED HAY 7,
AND $30.8 BILLION IN THE 1EEK ENDED HAY 14.
CONSISTS OF NOB AND ATS BALANCES AT SAVIHGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOWS OF S11.5 BILLION IN THE WEEK ENDED APRIL 30, $11.8
BILLION IN THE UEEK ENDED BAY 7, AND $11.7 BILLION IN THE HEEK ENDED HAY 14.
SUM OF OVERNIGHT RPS AND EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), MHDAS AND SAVINGS
AND SHALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TBRH RPS AND EURODOLLARS OF U.S. RESIDENTS, HONEI MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY
MONEY MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL EANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
ISSUED BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE TO U.S. RESIDENTS OTBER THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUNCS (GENERAL PURPOSE AND BROKER/DEALER).
COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Data
Money market deposit accounts
at
at
thrift
commercial
total
banks
Institutions
at
commercial
banks
Savings deposits r
at
thrift
institutions
total
Small denomination time deposits2
at
at
thrift
total
commercial
banks
Institutions
Large denomination time deposits 3
at
at
thrift
commercial
total
institutions
banks4
198.4
208.4
216.0
143.0
149.1
152.6
341.4
357.4
368.6
142.4
142.1
141.6
182.3
183.5
184.2
324.7
325.5
325.8
323.9
321.4
322.3
405.8
402.3
402.7
729.7
723.8
725.1
225.9
222.7
224.4
69.1
73.2
75.3
295.0
295.9
299.8
JULY
AUG.
SEPT.
218.4
218.9
221. 1
152.2
149.7
148.4
370.5
368.6
369.5
140.6
138.3
136.4
184.2
181.5
179.8
324.8
319.8
316.2
327.0
332.8
337.3
408.8
414.2
419.0
735.8
747.0
756.3
220.7
223.8
224.2
79.4
84.7
90.5
300.1
308.5
314.8
OCT.
HOT.
DEC.
223.4
227.1
230.0
147.1
145.8
145.9
370.5
372.9
376.0
135.8
133.7
132.0
180.1
178.3
176.5
316.0
312.0
308.5
343.9
348.9
351.0
427.5
434,2
437.6
771.4
783.1
788.6
222.1
225.5
229.0
95.8
98.3
100.7
317.9
323.7
329.7
1984-JAM.
FEB.
MAR.
234.2
238.3
242.6
146.2
147.7
149.9
380.3
386.0
392.5
131.3
129.9
130.2
176.2
175.3
177.0
307.4
305.2
307.2
353.7
355.4
356.0
445.7
450.0
451.6
799.4
805,4
807.6
229.3
229.7
233.1
105.7
111.2
114.2
335.0
340.9
347.3
APR.
245.3
151.0
396.3
130.5
178.0
308.5
356.3
455.2
811.5
233.7
118.0
351.8
1983-APB.
HAT
J01E
WEEK ENDING
1984
APS. 2
9
16
23
30
HAT
1/
2/
3/
V
7 P
14 P
244.9
246*7
246.9
244.7
242.8
130.9
131.6
130.7
129.9
129.6
356.1
355.5
355.6
356.8
357.2
234.4
233.8
233.2
232.9
235.1
243.1
244.2
130.1
130.1
358.6
359.3
236.8
238.3
SAVINGS DEPOSITS EXCLUDE HMDAS.
SHALL DENOMINATION TIME DEPOSITS ~ INCLUDING RETAIL RPS ~ ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000, ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BAKKS 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 (IBFS).
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BT MONET MARKET MUTUAL FUNDS, DEPOSITOR!
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.
H.6 (508)
Table 5-continued
COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Date
Institutiononly money
market funds
at commercial
banks
Term RPs1
at thrift
institutions
total
Term
Eurodollars2
Savings
bonds
Short-term
treasury
securities3
Bankers
acceptances4
Commercial
paper5
Federal debt
Non-Federal
debt
JUNE
41.3
40.5
39.5
30.4
32.6
31.5
12.5
13.0
13.9
42.9
45.6
45.5
91.4
92.3
91.9
69.0
69.3
69.6
200.3
199.5
204.4
40.7
40.4
40.1
122.8
124.2
123.3
1049.7
1068.2
1093.9
3790.4
3817.0
3853.5
JULY
AUG.
SEPT.
38.6
38.4
38.8
29.6
31.6
31.9
14.8
15.2
16.1
44.3
46*9
48.0
92.1
91.9
90.5
69.9
70-2
70-4
214.1
217.9
216.7
40.9
43.1
43.8
123.7
123.9
123.5
1105.8
1126.3
1141.8
3884.0
3906.6
3944.5
OCT.
NOV.
39.8
40.6
40.3
30.6
35.3
36.4
16.7
18.1
19.6
47.3
53.4
56.0
87.5
93.7
92.4
70.7
71.0
71.3
216.4
215.7
222.8
43.0
43,4
44.8
124.8
128.0
132.9
1153.5
1162.4
1177.9
3974.9
4013.6
4066.6
1984-JAN.
FEB.
MAB.
40.6
41.6
41.8
34.2
35.7
35.4
19.1
18.7
20.3
53.3
54.4
55.7
91.7
92.5
96.7
71.6
231.0
43.8
135.7
1201.6
1219.8
1227.4
4088.7
4120.7
4160.8
APR.
41.8
36.3
22.1
58.4
97.5
2
9
16
23
30
42.3
42.0
42.2
41.3
41.3
33.2
32.7
38.2
39.7
3S.5
7 P
14 P
40.8
41.5
36.4
36.9
1983-APR.
NAY
DEO
WEEK ENDING:
1984-APH.
WAY
1/
2/
3/
4/
5/
TERM RPS ABE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS.
TERM EURODOLLARS ABE THOSE WITH ORIGINAL MATURITIES GREATEP THAN ONE DAY. CONSISTS OF THOSE ISSUET TO U.S. RESIDENTS BY
FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE AND BY ALL BANKING OFFICES IN TEE UNITED KINGDOM AND CANADA. EXCLUDES THCSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEY MARKET MUTUAL FUNDS.
CONSISTS OF U.S. TREASURI BILLS AND COUPONS WITH REMAINING MATUP1TIES OF LKSS THAN 12 MONTHS HELD tfY CTHER THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, MONEY MARKET MUTUAL FUNDS, AND FOREIGN ENTITIES.
NET OF SANKFRS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL PESEBVE f?ANKS# FCPEIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND MONEY MARKFT MUTUAL FHNDS.
TOTAL COMMERCIAL PAPEK LESS CCMMEHC1AL PAPER HELD BY SONEY M1KKE1 MUTUAL FUNDS.
H.6 (508)
Table 6
MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted
Demand deposits at banks due to
Date
foreign
commercial
banks
foreign
official
institutions
Time and
savings
deposits
due to foreign
commercial
banks and
foreign official
institutions
U.S. government deposits
demand
deposits at
commercial
banks
balances at
Federal
Reserve
Banks
note balances
at commercial
banks
and thrift
institutions
total demand
deposits and
note and
FR balances
IRA and Keogh Accounts
time
and savings
deposits at
commercial
banks
money
market
mutual funds
total
9.8
1.1
0.9
0.9
25.2
26.4
26.9
33.5
34.5
35.2
5.2
5.2
5.1
63.9
66.0
67.2
19.1
14.0
14.8
26.0
19.9
25.3
0.8
0.8
0.8
27.5
28.0
28.5
36.0
36.7
37.6
5.0
5.0
68.4
69.8
71.1
7.1
2.9
3.6
22.0
4.7
7.8
31.8
10.4
14.11
0.8
0.7
0.7
28.9
29.5
30.1
37.8
38.3
39.5
5.1
5.1
5.0
71.8
72.9
74.6
4.7
4.5
4.0
16.5
19.2
14.5
24,2
26.8
21.5
0,9
0.9
0.9
31.0
32.7
34.7
41.0
42.8
44.6
5.2
6.9
3.1
3.1
3.0
5.4e
5.7e
77.2
80.9e
85.Oe
1.7
7.2
3.8
7.5
12.7
24.0
0.9
38,3
46.9
6.0e
9 1 . 1e
1.8
1.7
1.8
1.7
1.7
6.9
6.9
12.1
7.2
7.a
7.5
2.5
3.0
4.6
4.0
4.0
3,8
3.1
4.0
7.2
4.5
23
30
8.3
7.8
7.9
8.0
8.0
9.6
15.5
17.6
21.7
18.4
13.3
13.0
30.3
41.2"
0.9
0.9
0.9
0.9
0.9
7 P
14 p
8.3
8.0
2.0
1.9
7.3
7.3
3.0
2.2
5.7
3.5
21.9
15.2
30.6
20.9
0.9
0.9
7.7
7.5
JUNE
7.6
7.7
8.1
2.0
1.9
1.9
JULY
AUG.
SEPT.
8.2
7.9
8.1
2.0
2.0
2.0
OCT.
NOV.
DEC.
8.0
8.4
8.2
1.9
2.0
2.0
7.1
1984-JAN.
FEB.
MAB.
8.3
8.5
8.1
1.6
1.9
1.9
7.0
6.8
APR.
8.0
MAY
7.4
7.3
7.3
7.3
7.2
7.1
3.9
2.5
3.4
3.8
3.6
3.4
10.J
10.0
2.8
2.4
3.2
4.2
3.5
7.4
2.7
2,7
3.0
WEEK ENDING:
2
9
16
HAY
thrift
institutions
18.0
16.0
16.6
1983-APR.
1984
APR.
commercial
banks
e = est mated
5. 1
SPECIAL SUPPLEMENTARY TABLE
Monthly Survey of Selected Deposits and Other Accounts
At All Insured Connerdal Banks and All Mutual Savings Banks1
March 26, 1984 and April 25, 1984
(not seasonally adjusted)
Liability Categories
"Super NOW accounts*
(standard error of the estimate)
Money market deposit accounts3
Interest-bearing time deposits with
balances of less than $100,000
with original maturities of: 4
7 to 31 days
(standard error of the estimate)
Insured Commercial Banks
Amount Outstanding ($mil)
Average Rate Paid (Z)
Mar. 26
Apr. 25
Mar. 26
Apr. 25
30,359
(624)
242,905
Number of Issuing Banks
Mar. 26
Apr. 25
30;547
\ -X652)
7.36
7.37
12,106
12,121
245,289
8.50
8.67
12,776
12,989
5,000
(432)
4,935
(401)
8.75
8.83
7,773
7,786
32 to 91 days
(standard error of the estimate)
15,520
(721)
16,039
(709)
8.98
9.06
13,201
13,396
92 to 182 days
(standard error of the estimate)
167,794
(2,789)
166,779
(2,287)
9.87
9.99
13,903
14,004
183 days to 1 year
(standard error of the estimate)
35,060
(2,113)
39,946
(1,378)
9.94
10.11
11,929
12,408
over 1 year to 2-1/2 years
(standard error of the estimate)
52,659
(1,621)
56,838
(1,472)
10.41
10.59
13,192
13,532
2-1/2 years and over
(standard error of the estimate)
110,534
(2,415)
109,953
(1,681)
10.80
10.95
12,532
12,622
All IRA/Keogh Plan deposits5
(standard error of the estimate)
35,078
(204)
39,074
(214)
(N.A.)
(N.A)
13,252
13,386
Retail repurchase agreements6
(standard error of the estimate)
1,130
(208)
1,212
(196)
8.27
8.47
2,851
3,125
Liability Categories
State-Chartered Mutual Savings Banks
Number of Issuing Banks
Amount Outstanding ($mll)
Average Rate Paid (X)
Apr. 25
Mar. 26
Mar. 26
Apr. 25
Apr. 25
Mar. 26
"Super NOW" accounts^
(standard error of the estimate)
828
(17)
801
(17)
7.60
7.58
232
232
Money market deposit accounts3
(standard error of the estimate)
26,075
(41)
26,591
(96)
8.82
8.95
349
357
Interest-bearing time deposits with
balances of less than $100,000
with original maturities of: 4
7 to 31 days
(standard error of the estimate)
209
(49)
247
(45)
8.58
8.65
118
117
32 to 91 days
(standard error of the estimate)
827
(89)
910
(85)
8.82
9.01
262
272
92 to 182 days
(standard error of the estimate)
26,124
(873)
25,585
(360)
9.97
10.17
372
373
183 days to 1 year
(standard error of the estimate)
6,206
(582)
6,804
(253)
10.29
10.52
303
304
over 1 year to 2-1/2 years
(standard error of the estimate)
9,273
(768)
10.203
(369)
10.71
10.92
345
346
2-1/2 years and over
(standard error of the estimate)
22,678
(795)
21,442
(327)
11.16
11.30
323
340
All IRA and Keogh Plan deposits5
(standard error of the estimate)
7,411
(N.A.)
(N.A.)
364
366
8.89
9.12
69
66
Retail repurchase agreements6
(standard error of the estimate)
119
(52)
7,871
(183)
115
(51)
N.A. - Data not available.
1. Estimates are based on data collected by the Federal Reserve from a stratified random sample of about 550 banks
and 75 mutual savings banks. Until the end of September 1983 data were collected concerning specific indexedcelllng and ceiling-free deposit accounts. Effective October 1, 1983, the DIDC deregulated time deposits, and
this survey now provides information on all small interest-bearing time deposits by maturity category. The data
presented for the end of October are not directly comparable to specific account data published previously, but
Include those balances.
2. "Super NOW" accounts are NOW accounts containing an agreement between depositor and depository such that,
provided certain conditions—Including a $2,500 minimum balance—are met, some or all funds deposited are eligible
to earn more than 5.25 percent.
3. Money market deposit accounts (MMDAs)—Deposits with a $2,500 initial and average balance requirement, no
required minimum maturity but institutions must reserve the right to require at least seven day's notice prior to
withdrawal, no restrictions on depositor eligibility, or limitations on the amount of Interest that may be paid
unless the average balance falls below $2,500 during which period the NOW account rate ceiling applies; such
accounts may allow up to six transfers per month, no more than three of which may be draft and may permit unlimited
withdrawals by mail, messenger, or in person. Estimates for this category of deposits are based on data collected
by the Federal Reserve from weekly deposit reports submitted by about 10,500 commercial banks.
4. All interest-bearing time certificates and open account time deposits with balances of less than $100,000,
including those held in IRAs and Keogh Plan deposits.
5. All IRA/Keogh Plan time deposits regardless of size, type of Instrument in which held, or Interest rate paid.
6. Retail repurchase agreements are in denominations of less than $100,000 with maturities of less than 90 days
that arise from the transfer of direct obligations of, or obligations fully-guaranteed as to principal and interest
by, the U.S. Government or an agency thereof*
7. Over the last several months the number of mutusl savings banks has declined sharply largely due to the conversion of MSBs to federal savings banks. As a result month-to-month changes in the amounts outstanding in various
accounts sre distorted downward.
@FedFRASER