Full text of H.6 Money Stock Measures : May 30, 1985

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

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

HAT

Billions of dollars
M1
Sum of currency,
Date
• demand deposits and
other checkable deposits 1

M2
M1 plus overnight RPs
and Eurodollars,
M M M F balances (gen. pur.
and broker/dealer), MMDAs,
and savings and small
time deposits 2

M3
M2 plus
large time deposits,
term RPs, term Eurodollars
and institution-only
M M M F balances 3

3 0 , 1985

L

Debt

M3 plus other
liquid assets 4

Debt of domestic
nonfinancial sectors*

Seasonally adjusted
1984--APH.
HAT
JUNE
JULY
AOG.
SEPT*
OCT.,
MOV.
DEC.

539.2
542.5
547.3
546.9
548.9
551.5
548.3
553.8
558.5

2241.1
2255.2
2269.3
2280.2
2292.8
2308.4
2319.3
2346.3
2371.7

2788.0
2815.2
2839. 0
2862.0
2878.8
2901.0
2925.0
2959.9
2995.0

3 293.3
3328.0
3 366.7
3 402.7
3 429.7
3 459.0
3 480.2
3 508.9
3 544.0

5458.0
5519.7
5575.5
5635.0
5692.6
5741.1
5796.9
5866.8
5936.6

1985—J AS,

562.7
569.4
572.1
575.0

2398.9
2420.9
2429.0
2427.6

3020.6
3041.0
3055.4
3057.4

3 568.1
3591.3
3611.1

6001.0
6062. 1
6121.5

FEB.
HAB.
APE.

Not seasonally adjusted
1984--APB.
HAT
JOVE
JULY
AUG.
SEPT.
OCT.
HO?.
DEC.

545.6
537.3
547.9
549.9
545.0
548.5
548.2
555.9
570.4

2252.2
2251.3
2272.3
2285.7
2287.7
2298.8
2316.6
2344.4
2376.7

2798.9
2812.8
2840.5
2863.6
2874.8
2890.9
2920.6
2960.4
3002.2

3 305.1
3 321.8
3 368.0
3 403.3
3 423.4
3 447.5
3 475.9
3 509.3
3 545.3

5431.8
5493.5
5552.3
5613.6
5674.1
5728.5
5786.5
5854.6
5930.2

1985—JAM.
FEB.
HAB.
APB.

568.3
558.6
564.9
581.6

2404.2
2414.4
2429.3
2439.5

3024.3
3034*3
3057.1
3069.2

3 573.5
3 589.9
3 618.1

5992.5
6038.2
6090.8

M1
Seasonally adjusted
4-week average

For period ended

1985-APB.

HAT.

NOTE:

week average

13-week average

Not seasonally adjusted
4-week average

week average

8
15
22
29

568.2
569.1
570.1
571.1
572.0

572.4
573.1
574.0
574.8
574.9

575.0
574.0
573.7
576.4
575.5

564.4
564.0
565.0
566.5
567.9

564.7
569.1
575.0
581.8
581.8

567.5
586.0
588.5
585.0
567.7

6
13 P
20 P

573.0
573.8
574.8

575.9
576.9
578.4

577.8
577.8
582.3

569.3
570.6
572.1

579.9
577.2
575.5

578.5
577.5
578. 1

1

SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING
HIGHLY VOLATILE AND SUBJECT TO R E V I S I O N .
P - - I N L I C A T E S PKELIfllNAEY DATA.
FOOTNOTES APPEAR ON THE FOLLOWING PAGE




WEEK-TO-WEEK

CHANGES I N

HONET SUPPLY

DATA,

VHICB

ABE

H.6 (508)
Table 2

MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES
Percent change at seasonally adjusted annual rates

M1
3 HCMTHS FBOM JAN.
6 MONTHS FBOH OCT.
12 MONTHS FROM APfi.

1 9 8 5 TO APfi.

1985

1 9 8 4 TO APfi.

M2

M3

Debt1

8.7

4.8

4.9

12.5

1985

9.7

9.3

9.1

13.3

1 9 8 4 TO APB. 1 9 8 5

6.6

8.3

9.7

13.4

THIRTEEN WEEKS ENDING HAY 2 0 , 1 9 8 5
FBOH THIBTEEN BEEKS SIDING:

1/

1/

2/

3/

4/
5/

FEB.

2 0 , 1 9 8 5 ( 1 3 KEEKS PREVIOUS)

9.7

NOV.

19,

1 9 8 4 ( 2 6 NEEKS PBETIOOS)

8.9

HAY.

2 1 , 1 9 8 4 ( 5 2 WEEKS PBETIOOS)

6.6

GROWTH SATES FOB DEBT ABE BASED Oil PEBIODS BEGISUING AND ENDING ONE MONTH EARLIER THAU FOE IHE MONETABT AGGBEGATES,
NAMELY, DECEMBER 1984 TO MARCH 1985, SEPTEMBER 1984 TO MARCH 1985, AMD MARCH 1984 TO HABCH 1985, RESPECTIVELY.
FOOTNOTES TO TABLE 1
CONSISTS OF (1) CURRENCY OOTSIDE THE TREASURY, FEDEBAL RESERVE BANKS, AMD THE VAULTS OF COMMERCIAL BANKS;
(2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTBEB THAR THOSE DUE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN TBE PROCESS
OF COLLECTION AND FEDEBAL RESERVE FLOAT; AND (4) OTBEB CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE OBDEB
OF WITHDRAWAL (NO1) AND AOTOHATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CBEDIT ONION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THBIFT INSTITUTIONS. THE CUBBBNCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAOLT CASH AND-DEHAND DEPOSITS, RESPECTIVELY, HELD BY
THBIFT INSTITUTIONS TO SEBVICE THEIB OCD LIABILITIES.
CONSISTS OF HI PLUS OVERNIGHT (AND CONTINUING CONTBACT) BPS ISSUED BY ALL COMMEBCIAL BANKS AND OVBBNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BY F0BEI6N BBANCHES OF U.S. BANKS IOBLDUIDE, HMDAS, SAVINGS AND SBMLL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL R P S — I N AMOUNTS OF LESS THAN $100,000), AND BALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENBRAL PUBPOSE AND BROKER/DEALER HONEY MARKET MUTUAL FUNDS. EXCLUDES IBA AND KEOGH
BALANCES AT DEPOSITOBY INSTITUTIONS AND HONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMERCIAL
BANKS, MONEY MARKET FUNDS (GENERAL PURPOSE AND BROKER/DEALEB), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE U.S. GOVERNMENT.
ALSO SUBTBACTED IS A CONSOLIDATION ADJUSTMENT THAT REPEESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF H2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OB MORE) AND TERM RP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BRANCHES OF U.S. BANKS
HORLDHIDE 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 DEPOSITORY INSTITUTIONS, THE D.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 HONEY MARKET MUTUAL FUNDS.
CONSISTS OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF MONEY HABKET MUTUAL FUND HOLDINGS OF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTOBS CONSISTS OF OUTSTANDING CBEDIT MARKET DEBT OF THE UNITED STATES GOVEBNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PBIVATE DEBT CONSISTS OF CORPORATE BONDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHSB BANK LOANS, COMMERCIAL PAPEB, EANKERS ACCEPTANCES AND OTHEB DEBT
INSTRUMENTS. THE DATA ABE DERIVED FROM THE FEDEBAL RESERVE BOARD'S FLOW OF FUNDS ACCOUNTS. ALL DATA CN DEBT OF DOMESTIC
NONFINANCIAL SECTOBS ARE PRESENTED IN MCNTH-AVER AGE FOR II, DERIVED BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IN THE UNDERLYING FLOV OF FUNDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS BELEASE DIFFERS, THEREFORE, FROM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED IN
IN THE FEDERAL BESEBVE RELEASES 2.7 AND Z.I. IS THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE MEASURED ON A
A UUARTEE-END BASIS AND INCLUDE DISCONTINUITIES.




COMPONENTS OF THE MONEY STOCK
BWIont of dollars, ssasonaJly adjusts*

Othsr
Oats

Currency*

Trs—Isrs
crtscur

Dsmand
dspqatts*

chsckabl*
ov|juvnv

Nontransactionfl
components
InM3
on* •
InM*

it

bar**
129.3
128.8
! 128.7

8maM tfma daposrts'
at
todH
GOfflfVI Mcial
Ifwifi
banka
Institution!
811. 2
450. 0
361. 2
622. 6
456. 4
366. 2
834. 0
463. 0
371, 0

af

Lan • Urn* deposits'
at
at
tot!
connnarclai
thriift
19
banks
357.7
237 . 6
120. 1
369.8
245 • 2
124. 6
379.5
249 . 4
130. 1

301. 9
301. 5
300. 8

128.1
127.0
126.1

171. 0
169. 5
168. 5

299. 1
296. 5
294. 6

374. 7
378. 8
361. 7

468. 9
476. 2
462. 8

843. 6
855. 0
864. 5

254 . 6
255 . 0
258 . 0

134. 6
137. 6
138. 0

3ti9. 3
392. 6
396. 0

605. 8
613. 6
623. 3

124.9
123.8
122.6

167. 7
166. 9
166. 0

292. 6
290. 7
268. 6

383. 1
384. 5
387. 0

489. 6
494. 0
498. 6

872. 7
878. 5
885. 6

2 6 3 .. 2
263 .6
264. . 4

141. 9
147. 1
151. 8

405. 1
410. 7
416. 2

1836. 2
1851. 5
1856. 9

621. 7
620. 0
626. 4

121.6
121.4
920.3

166. 9
168. 0
168. 4

286. 6
289. 4
288. 6

364. 7
382. 0
382. 8

497. 2
495. 6
495. 6

881. 9
877. 6
878. 6

262. 3
264 4
269. 5

154. b
154. 9
154. 2

416. 9
419. t*
423. 7

1852. 6

629. 8

119.6

168. 3

287. 8

387. 6

498. 0

885. 6

272. 8

154. 3

427. 1

5.1
5.1
5.1

245.9
246.3
248.9

136.1
138.3
139.0

1701. 8
1712. 8
1722. 0

546. 9
560. 0
569. 6

JULY
AUG.
SEPT.

155.0
155.9
156.8

5.2
5.2
5.1

247.3
246.8
247.5

139.4
141.0
142.2

1733. 3
1744. 0
1756. 9

581. 8
586. 0
592. 6

OCT.
NOV.
DEC.

157.1
157.9
158.7

5.0
5.1

5.2

244.5
246.8
248.6

141.8
143.9
146.0

1770. 9
1792. 5
1813. 2

1985-JAN.
FED.
MAE.

159.4
160.5
161.3

5.3
5.3
5.4

249.1
251.7
251.9

149.0
151.8
153.6

APE.

161.7

5.5

252.5

155.3

.

I

172. 6
172. 7
172. 1

152.1
152.8
154.3

1984-APR.
HAY
JUNE

8s*

Strings dapoarta'
at
totiil
thrift

1

MEEK ENDING
1985
APR.

HAY

1/
2/
3/

4/

5/
6/
7/
8/
9/
10/

1
8
15
22
29

161.8
161.2
161.6
162.2

253.8
251.8
252.0
253.0
252.8

154.3
155.0
155.0
156.2
155.0

119.9
119.5
119.3
119.6
119.7

364.
387.
387.
388.
388.

6
13 P
20 P

162.4
162.5
163.2

253.8
253.0
256.4

156.0
156.7
157.2

120.2
120.3
120.4

389. 3
389. 3
390. 2

161.5

7
1
1
2
1

271.
271.
271.
273.
274.

6
2
9
6
9

273. 3
273. 1
271. 5

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND VAULTS OF COMMERCIAL BANKS. EXCLUDES 1 HE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AHOONT OF U.S. DOLLAB-DBHO8INATED 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 OTflEB THAN THOSE DOE 10 DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT.
EXCLUDES THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
CONSISTS OF HOB AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFFERENCE BETWEEN THE
SEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDED ARE ALL CEILING
FREE "SUPER NOUS," AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEREGULATION COMMITTEE TO ES CFFERED BEGINNING JANUARY 5,
1983.
SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BBOKJEfi/DEALER) ,
MHDAS, AND SAVINGS AND SHALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF
DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND TERM EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTIONONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AHCUN1 OF OVERNIGHT FPS AND EURODOLLARS HELD £Y
INSTITUTION-ONLY MONEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE HHDAS.
SMALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL 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 PROM SHALL
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 HONEY MARKET MUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AMD OFFICIAL INSTITUTIONS.




H.6 (508)
Table 4

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

2/
3/
4/

Non-M3 components of L
2
bankers acceptances
short-term treasury
securities 1

commercial paper 3

Debt components 4
federal debt
non-federal debt

1984-MAR.

72.1

243.4

44.0

142*9

1224.6

4173.7

API*.
SAY
JUNE

72.5
72.7
73.0

242.0
241.5
251.6

44.7
46.5
47.7

146.1
152.0
155.5

1236.8
1251.9
1261.3

4221.3
4267.8
4314.2

JULY
AUG.
SEPT.

73.1
73.3
73.6

259.9
269.2
280.4

48.2
47.8
46.8

159.4
160.5
157.2

1277.9
1299.0
131U1

4357. 1
4393.6
4430.0

OCT.
NOV.
DEC.

73.7
73.9
74.1

279.9
275.0
271.8

44.8
42.5
41.3

156.7
157.6
161.8

1325.2
1347.2
1367.1

4471.7
4519.6
4569.6

74.4
74.9
75.3

272.7
268.2
266.9

40,8
42.5
44.3

159.6
164.8
169.1

1385.5
1402.2
1414.4

4615.5
4660.0
4707.1

1965-JAN.
FEB.
NAB. P

1/

savings bonds

CONSISTS OF U.S. TBEASUBT BILLS AMD COUPONS WITH REHAINING MATURITIES OF LESS THAN 12 MONTHS HELD BY CTHEB THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, HONEY MARKET MUTUAL FUNDS AND FOBEI6N ENTITIES.
NET Of BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FJ3DBBAL RESEBVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND HONEY HARKET 8UT0AL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY HONEY HARKET HUTOAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJGSTED TO REMOVE DISCONTINUITIES.




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

Currency1

Travelers
checks2

Demand
deposits3

at commercial
banks4

at thrift
institutions5

total

in M2 e

in M3 only7

Overnight
RPs*

Overnight
Eurodollars9

General
purpose and
broker/dealer
money market
funds

151.6
15 2.9
15 4.9

4.8
5.0
5.4

248.6
242.1
247.8

103.4
100.3
101.7

37.3
37.1
38.1

140.6
137.4
139.8

1706.6
1714.0
1724.3

546.7
561.4
568.2

45.2
46.2
43.3

11.1
12.1
12.6

145.9
146.5
148.9

JULY
AUG.
SEPT*

156.3
15 6.5
15 6.5

5.8
5.7
5.4

248.4
243.8
246.1

101.0
100.7
101.7

38.4
38.2
38.8

139.4
138.9
140.5

1735.8
1742.7
1750.3

578.0
587.1
592. 1

42.7
45.0
44.1

13.6
13.5
12.6

150.5
150.6
152.1

OCT.
NOV.
DEC*

156,7
158.7
16 0.9

5.0
4.8
4.9

245.8
248.9
257.4

101.5
103.1
105.9

39.3
40.4
41.3

140.8
143.4
147.2

1768.4
1788.5
1806.3

604.0
616.0
625. 5

44.7
47.9
45.2

12.1
10-1
12.3

155.6
162.0
167.5

1985-JAN.
FEB.
MAE*

158.3
15 8.6
15 9.8

4.9
5.0
5.1

254.9
244.9
246.3

108.3
107.8
109.9

41.8
42.3
43.8

150.1
150. 1
153.6

1835.9
1855.8
1864.4

620. 1
619.8
627.9

48.7
56.3
55.7

14.1
13.3
12.1

171.9
175.0
177.4

APE.

16 1.2

5.2

255.1

114.1

46.0

160.1

1857.9

629.8

47.4

11.8

176. 1

1984-APB.
MAY
JUNE

WEEK E N D I N G :

1985-APB.

MAY

2/
3/

4/
5/

7/

V
9/

8
15
22
29

15 9.3
16 2.5
161.6
16 0.9
16 0. 1

249.0
256.7
258.8
256.6
247.7

109.9
114.8
116.1
116.1
110.2

44.2
46.8
46.8
46.2
44.4

154. 1
161.6
163.0
162.3
154.6

53.5
42.4
47.5
49.4
49.7

13.1
8.5
11. 1
14.1
13.2

176.9
177.5
177.6
176.2
173.5

6
13 P
20 P

16 2.7
163.4
163.2

252.9
251.8
253.6

111.2
110.9
110.5

46.5
46.0
45.5

157.7
157.0
155.9

46.2
48.1
52.3

13.0
11*4
12.4

171.6
171.9
171.8

1

CUfiBENCY OUTSIDE THE D.S. TREASURY, FEDERAL RESERVE BANKS AND THE VA01T5 OF COMMERCIAL BANKS. EXCL0DES~~THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD UABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBM K 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 T8E ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THHL R OCD LIABILITIES.
CONSISTS OF NOW AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER HOWS OF $38.6 BILLION IN THE WEEK ENDED MAY 6, $38.6 BILLION IN THE WEEK ENDED MAY 13
AND $38.8 BILLION IN THE WEEK ENDED MAY 20CONSISTS OF NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND WTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER MOWS OF M 6 . 2 BILLION IN THE WEEK ENDED HAY 6, $16.0
BILLION IN THE WEEK ENDED HAY 13, AND $15.8 BILLION IN THE WEEK ENDED Ml Y 20.
SUM OF OVERNIGHT RPS AND EURODOLLARS, MONEY MARKET FUND BALANCES (GEVBfil L PURPOSE AND BBQKER/DEkLEB), MMDAS AND SAVIHGS
AND SMALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS 1(0 VAULT CASH HELD BY THHIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARCE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF 0.S. RESIDENTS, HONEY MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNEHT RPS AND EURODOLLARS HELD EY INSTITUTION-ONLY
MONEY MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL 3ANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
MONEY fiARKET MUTUAL FUNDS (GENEBAL PURPOSE AND BROKER/DEALER).
ISSUED BY FOREIGN BRANCHES OF O.S. BANKS WORLDWIDE TO U.S. RESIDENTS O B ER THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS {GENERAL PURPOSE AND BROKER/DEALER).




H.6 (508)
Table 5-continued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Money market deposit accounts
Date

at

at

commercial
banks

thrift
institutions

2
Small denomination time deposits

Savings deposits
at

at

total

commercial
banks

thrift
institutions

Large denomination time deposits3

at

at

at

at

total

commercial
banks

thrift
institutions

total

commercial
banks4

thrift
institutions

total

JUNE

246.3
245.3
245.9

154.7
154. 1
151.9

401. 0
399. 4
397. 8

130.7
130.2
130.0

173.7
173.8
174.4

304. 5
304. 0
304. 4

35 8.0
33 2.0
3S7.1

448. 2
450. 9
457. 2

806. 1
812. 9
824. 4

235.4
243.1
248.5

119.3
124.6
129.7

354. 7
367. 7
378. 2

JULY
AUG.
SEPT.

244.9
243.6
244.8

149. 3
145.3
143. 8

394. 2
388. 9
388. 6

129.3
126.8
125.2

173.3
168.9
167.4

302. 6
295. 7
292. 6

37 2 . 7
37 9.9
33 4.0

466. 6
475. 9
483. 4

839. 3
855. 8
867. 4

253.5
256.4
259.3

134.6
138.7
138.6

388. 0
395. 1
397. 9

OCT.
NOV.
DSC.

248.2
257. 1
267.1

143.9
145.4
147.9

392. 0
402. 4
415. 1

124.3
122.7
121.4

167.4
166.1
164.9

291. 7
288. 8
286. 3

33 6.2
38 7. 1
387.6

493. 2
497. 4
499. 4

879. 4
884. 5
887. 0

264.0
263.6
265.9

143.1
147.6
151.1

407. 1
411. 2
416. 9

1985-JAN.
FEB.
HAG.

280.4
289.3
294.0

153.2
159.0
163.9

433. 7
448. 4
457. 9

121.1
120.4
120.6

165.7
166.5
168.2

286. 9
286. 9
288. 8

386.3
33 4 . 1
33 3.7

502. 0
499. 5
496. 2

888, 4
883. 6
880. 0

263. 1
263. 9
269.8

154.1
154.9
153.3

417. 1
418. 8
423. 1

APE.

295.9

164.4

460. 3

120.9

169.3

290. 1

38 3.9

495. 9

879. 7

270.2

153.4

423. 6

1984-APE.
MAY

WEEK ENDING
1985
APR.

WAY

1/
2/
3/
4/

1
8
15
22
29

295.3
297.2
297.4
295.2
293.9

121.0
121.6
121.0
120.5
120.4

3B4.3
33 3,4
38 3 . 1
33 4.4
384.3

271.9
270.9
269.7
269.7
270.9

6
13 P
20 P

294.6
296.7
298.5

121.2
121.6
121.8

33 4.6
334.8
38 5 . 3

269.6
270.1
269.3

SAVINGS DEPOSITS EXCLUDE HMDAS.
SMALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL RPS — ARE THOSE ISSUED IN AMOUNTS OF
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AMD THRIFTS ARE
TIME DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING
BANKING FACILITIES (IBFS).
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY 8OMEY MARKET MUTUAL
INSTITUTIONS AND FOREIGM BANKS AND OFFICIAL INSTITUTION.




LESS THAN $100,000, ALL
SUBTRACTED FBOH SHALL
THOSE BOOKED AT INTERNATIONAL
FUHDS, DEPOSITORY

H.6 (508)
Tab** 5-continued

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

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

Term
Eurodollars2

Savings
bonds

Non M3 Components of L
Short-term
treasury
Bankers
acceptances4
securities3

Components of Debt
Commercial
paper*

Federal debt*

Non-Federal*
debt

45.0
45.3
45.7

32,5
32.0
29.2

24.8
27.5
30.0

57.3
59.5
59.2

93. 1
93.6
89.5

72.3
72.6
72.8

244. 1
238.8
249.1

43.4
45.7
47.2

146.4
152.1
158.3

1235.9
1248.7
1255.8

4195.9
4244.8
4296.6

JULY
AUG.
SEPT.

46. 1
06.2
06.9

28.1
30.7
31.3

31.8
33. 4
35.4

60.0
64.1
66.6

86.3
86.5
85.6

73.0
73.3
73.5

258.0
267.9
277.5

47.5
47.7
47.2

161.2
159.8
158.4

1270.8
1295.8
1310.5

4342.8
4378.4
4418.0

OCT.
NOV.
DEC.

52.2
58.3
62.7

33.1
35.4
32.5

36.1
35.3
37.3

69.3
70.7
69.7

80.6
81.9
83.2

73.8
74.0
74.4

278.2
272.3
269.1

45.1
43.3
42.8

158.3
159.4
156.9

1323.0
1343.0
1364.7

4463.5
4511.6
4565.5

1985-JAM.
FEB.
MAR.

65.0
62.2
59.5

29.9
31.2
32.7

35.1
34.5
36.5

65.0
65.7
69. 1

81.2
81.3
84.6

74.6
74.9
75*3

275.2
273.9
275.3

42.0
42.7
43.3

157.3
164.2
167.1

1383. 1
1397.4
1412.0

4609.4
4640.8
4678.8

APR.

59.6

35.2

37.9

73. 1

80.6

1
8
15
22
29

59.9
58.4
57.8
59.2
62.6

33.3
40.3
35.5
31.6
34.0

6
13 P
20 P

60.9
62.7
62.8

31.7
32.1
34.1

1964-APB.
MAY
JUNE

MEEK EMDING:
1985-APB.

HAY

1/
2/
3/
4/
5/
6/

TERN RPS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN OM£ DAY, EXCLUDE KG CONTINUING CONTRACTS AMD RETAIL BPS. INCLUDES
A RELATIVELY SHALL AHODNT OF OVERNIGHT HPS AT THRIFT INSTITUTIONS.
TERH EURODOLLARS ARE THOSE WITH ORIGINAL HATUHITIES GREATER THAN ONE DAY. „ CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS BY
FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE AND BY ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEY MARKET HUTUAL FUNDS.
CONSISTS OF U.S. TREASURY EILLS AND COUPONS 1ITH REHAINING MATURITIES OF LESS THAN 12 HONTHS HELD BY OTHER THAU DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, HONEY BASKET HOTUAL FDHDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BA*KS, FOREIGN OFFICIAL IMSTITUTIONS, THE FEDBRAL
HOME LOAN BANK SYSTEM AND MONEY HARKET HUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COBHERCIAL PAPER HELD BY MONEY HARKE1 HUTUAL FUHDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING EHD-OF-HOITH LEVELS OF ADJACEBT HOMTBS, AND HAVE BEEN
ADJUSTED TO REHOVE DISCONTINUITIES.




H.6 (508)
Table 6

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

Time and
savings
deposits
due to foreign
commercial
banks and
foreign official
institutions

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

foreign
commercial
banks

foreign
official
institutions

8.3
8.7
8.6

1.9
2.1
2.0

8.0
8.2
8.4

3.8
2,7
3.9

6.7
4.6
3.8

12*7
10.0
8*5

23*2
17.4
16*2

JULY
AUG.
SEPT.

8.7
8.4
8.4

2.0
1.9
2.0

8.4
9.0
9.4

2.8
2.9
3.4

4.0
3.6
6.0

9*0
7*5
14.1

OCT.
NOV.
DEC.

8.5
8.8
8.6

1.8
2.1
2.0

9.2
9.4
9.5

2.7
2.8
3.4

4.0
3.2
3.4

8.4

1985-JAN.
FEB.
WAR,

8.5
8.3
7.5

1.9
2. 1
1.8

9.2
8.9
8.7

3.7
3.1
3.6

APR.

7.6

1.9

8.5

1
8
15
22
29

7.5
8.3
7.7
7.3
7.1

1.9
1.8
2.0
1.8
1.9

6
13 P
20 P

7.9
8.0
8.2

2.3
2.1
2.2

Date

1 9 8 4 - APR*
MAY
JUNE

WEEK
1985
APB.

MAY

IRA and Keogh Accounts

U.S. government deposits
time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

0.9
0*9
0.9

38* 1
39.4
40*0

51*1
52.9
53*9

6.2
6.3
6*2

95*4
98*6
100*0

15.8
13.9
23.6

0.9
0.9
1.0

40.6
41.3
41.9

54.7
55.1

55.9

6.2
6*2
6.2

101.5
102*7
104*0

7.5
9.1

15.1
13.6
16.0

1.0
1.1
1.0

42.6
43.2
43.8

56.9
57*7
59*0

6.2
6.5
6.9

105*7
107*3
109*7

4.0
4.3
3,8

14.9
12.7
9.2

22.5
20.1
16*6

1.1
1.1
1.0

45.3
47.0
48.8

61.4
63*1
65.4

7.4
7.8e
8. 1e

114*0
118.0e
122.4e

3.9

6.6

11*5

22.0

1.0

53.5

69. 1e

8.7e

131.2e

8.7
8.6
8.5
8.6
8.5

2.7
3.2
4.4
4.1
3.7

3.3
4.4
3*3
4*5
13*5

11.0
5*6
1.4
17.0
20.4

17*1
13.2
9.1
37.7

1.0
1.0
1.0
0.9
1.0

8.5
8.4
8.4

4.8
2.5
3.2

15.7
8.0
3*5

21.6
21.9
18.2

42,1
32.4
24.9

1.0
1.0
1.0

ENDING:

estiHated




25.7

money
market
mutual funds

total