Full text of H.6 Money Stock Measures : May 7, 1992

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

FEDERAL RESERVE statistical release
These data are scheduled for release each Thursday at 4:30 p.a.

k

.6 (508)

table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

MAY

Billions of dollars
Date

Ml 1

M2 Z

M3 3

7, 1992

DEBT5

Seasonally adjusted
1990-APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

807.3
806.2
809.7
810.1
816.2
822.9
822.3
823.8
826.1

3280.6
3283.6
3292.3
3300.2
3315.8
3331.0
3334.5
3333.7
3339.0

4079.
4079,
4083.
4090,
4106.
4115.
4117.
4115.
4114,

4922.7
4906.5
4927.3
4930.1
4939.4
4964.2
4962.5
4960.2
4966.6

10321.3
10372.9
10438.8
10500.9
10566.0
10618.7
10656.5
10710.1
10749.9

1991-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

826.2
836.2
842.3
842.7
850.9
857.3
860.0
866.5
872.0
880.9
891.4
898.2

3344.0
3369.4
3386.9
3394.8
3405.6
3411.8
3407
3409
3411
3417
3431
3439

4125.8
4160.2
4165.9
4168.8
4170.5
4167
4157
4156
4152
4158
4167
4171

4981.8
5008.7
5004.2
4978.4
4958.3
4986.4
4991.3
4985.0
4974.2
4977.6
4990.4
4988.5

10778.6
10827.1
10863.2
10885.1
10937.5
10988.9
11025.5
11067.1
11105.0
11146.3
11187.9
11216.2

1992-JAN.
FEB.
MAR.

910.5
931.0
939.0

3448.2
3475.2
3473.4

4175.2
4200.1
4189.9

4983.6
5016.2 p

11238.4
11273.9 p

Not seasonally adjusted
1990-APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

817.6
796.9
810.4
812.5
814.2
818.7
817.6
826.1
844.1

3295
3266
3288
3303
3315
3323.8
3330.4
3336
3351

4091.7
4065.2
4080.8
4092.4
4109
4108
4109
4118
4124.7

4932.9
4891.2
4916.0
4921.6
4934.3
4956.0
4953.7
4967.8
4986.4

10279.8
10326.2
10390.0
10452.2
10514.7
10571.0
10619.8
10682.0
10737.2

1991-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

832.7
823.4
835.0
853.0
841.7
858.1
862.3
864.5
867.4
875.5
893.9
917.3

3351.3
3358.3
3388.4
3410.8
3388.7
3408.0
3410.5
3409.1
3403.7
3412.8
3434.4
3453.2

4129.7
4150.8
4171..6
4183..0
4156..9
4165..2
4158..6
4160..0
4144..9
4149..7
4169..3
4182..1

4999.8
5003.5
5011.5
4990.9
4943.3
4974.4
4982.9
4979.5
4965.1
4967.4
4997.8
5008.7

10766.8
10797.4
10826.2
10844.9
10891.1
10939.3
10974.9
11015.3
11059.0
11107.9
11157.5
11203.6

1992-JAN.
FEB.
MAR.

918.2
916.8
930.8

3456.1
3462.5
3474.0

4180.3
4189.6
4195.0

5001.7
5009.5 p

11226.3
11244.4 p

Footnotes appear on the following page,
p—indicates preliminary data.




H.6 ( 5 0 8 )
Table 2

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

Ml

M2

M3

Debt 1

3 Months from DEC. 1991 TO MAR. 1992

18.2

4.0

1.8

3.1

6 Months from SEP. 1991 TO MAR. 1992

15.4

3.6

1.8

3.7

12 Months from MAR. 1991 TO MAR. 1992

11.5

2.6

0.6

4.1

JAN. 27* 1992 (13 weeks previous)

16.9

3.9

1.9

OCT. 28, 1991 (26 weeks previous)

14.7

3.5

1.6

APR. 29* 1991 (52 weeks previous)

11.5

2.6

0.6

Thirteen weeks ending APRIL 27, 1992
from thirteen weeks ending:

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates* namely*
November 1991 to February 1992* August 1991 to February 1992* and February 1991 to February 1992* respectively.
Footnotes to Table 1
Consists of (1) currency outside the U.S. Treasury* Federal Reserve Banks* and the vaults of depository institutions*
(2) travelers checks of nonbank issuers* (3) demand deposits at all commercial banks 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) and (4) other checkable deposits (OCDs)* consisting of negotiable order of withdrawal (NOH) and
automatic transfer service (ATS) accounts at depository institutions* credit union share draft accounts and demand deposits
at thrift institutions. Seasonally adjusted Ml is calculated by summing currency* travelers checks* demand deposits* and
OCDs* each seasonally adjusted separately.
Consists of Ml plus overnight (and continuing contract) RPs issued by all depository institutions and overnight Eurodollars
issued to U.S. residents by foreign branches of U.S. banks worldwide* savings deposits (including money market deposit accounts),
small-denomination time deposits (time deposits—including retail RPs—in amounts of less than $100*000)* and balances
in both taxable and tax-exempt general purpose and broker/dealer money market mutual funds. Excludes individual retirement
account (IRA) and Keogh balances at depository institutions and money market funds. Also excludes all balances held by
U.S. commercial banks* money market funds (general purpose and broker/dealer)* foreign governments and commercial banks*
and the U.S. government. Seasonally adjusted M2 is computed by adjusting its non-Mi component as a whole and then
adding this result to seasonally adjusted Ml.
Consists of M2 plus large-denomination time deposits (in amounts of $100*000 or more) and term RP liabilities issued
by all depository institutions* term Eurodollars held by U.S. residents at foreign branches of U.S. banks worldwide
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 U.S. government* money market funds*
and foreign banks 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 obtained by adjusting its non-M2 component as
a whole and then adding this result to seasonally adjusted M2.
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 market mutual fund holdings of these assets.
Debt of domestic nonfinancial sectors consists of outstanding credit market debt of the U.S. government* state and local
Dvernments and private nonfinancial sectors. Private debt consists of corporate bonds* mortgages* consumer credit
including bank loans)* other bank loans, commercial paper* bankers acceptances and other debt instruments.
The data are derived from the Federal Reserve Board's flow of funds accounts. All data on debt of domestic nonfinancial
sectors are presented in month-average form* derived by averaging adjacent month-end levels. These data have also
been adjusted to remove statistical discontinuities that may arise in the underlying flow of funds statistics. The
presentation of debt data in this release differs* therefore* from the quarterly flow of funds statistics contained in the
Federal Reserve releases Z.7 and Z.l. In those releases* published levels of credit market debt are measured on a quarter-end
basis and include discontinuities.

f




H.6 C508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
Ml

Period ending
1992-FEB.

3
10
17
24

MAR.

2
9
16
23
30
APR. 6
13
20p
27p

13-week
average

4-week
average

901.4
904.4
907.5
910.6

913.4
918.6
923.9
928.7

913.7
917.0
920.5
923.6
926.3
929.3
931.9
934.6
936.6

932.2
935.3
938.2
939.3
939.4
939.7
938.9
940.8
942.2

M3

M2
13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

921.3
927.3
931.6
934.4

3441.5
3445.1
3448.6
3451.8

3451.7
3459.1
3466.3
3472.4

935.3
939.8
943.3
938.6
935.7

3455.0
3458.3
3460.9
3463.1
3465.1

3476.6
3479.1
3479.4
3477.5
3473.5

941.2
940.2
945.9
941.6

3467.3
3469.3
3471.1
3471.7

3469.8
3467.5
3467.9
3467.6

3461.9
3472.9
3477.6
3477.3
3478.6
3482.8
3478.8
3469.6
3462.6
3468.3
3469.5
3471.2
3461.5

4172.4
4174.8
4178.3
4179.9
4182.5
4184.7
4186.1
4187.0
4188.0
4189.3
4190.2
4190.3
4189.6

4181.4
4187.2
4196.4
4197.6
4201.2
4202.6
4198.9
4197.1
4189.9
4182.5
4178.7
4177.1
4177.8

4189.7
4194.8
4213.7
4192.1
4204.2
4200.4
4198.9
4185.0
4175.3
4170.9
4183.6
4178.4
4178.3

week
average

Not seasonally adjusted
Ml

Period ending
1992-FEB.

3
10
17
24
MAR. 2
9
16
23
30
APR. 6
13
20p
27p

13-week
average

4-week
average

910.8
912.8
914.6
916.8
917.8
919.5
921.1
921.6
921.9
923.1
925.8
929.9
932.8

912.7
911.1
912.0
915.0
917.2
921.3
925.5
928.7
930.5
935.8
942.6
953.7
956.8

M3

M2
week
average
908.8
921.4
918.7
911.2
917.5
937.8
935.6
923.9
924.7
958.8
962.9
968.4
937.2

13-week
average

4-week
average

week
average

13-week
average

4-week
average

average

3449.3
3451.8
3453.7
3455.9
3457.8
3459.8
3461.3
3462.5
3463.9
3466.3
3469.7
3472.7
3473.8

3452.7
3452.7
3455.1
3459.7

3449.3
3468.4
3465.8
3455.2
3463.8
3486.5
3480.9
3463.4
3463.1
3504.6
3511.3
3496.3
3450.2

4178.1
4179.8
4182.0
4182.6
4184.0
4185.4
4186.2
4186.8
4188.0
4190.5
4192.7
4194.0
4193.6

4182.2
4182.1
4186.8
4186.8
4190.3
4193.5
4194.2
4197.6
4194.6
4194.6
4199.2
4203.7
4199.3

4179.6
4195.0
4202.4
4170.3
4193.5
4207.9
4205.2
4183.7
4181.7
4207.8
4223.7
4201.4
4164.1

3463.3
3467.8
3471.6
3473.7
3473.5
3478.0
3485.6
3493.8
3490.6

UIQQW

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—indicates preliminary data.



H.6 ( 5 0 8 )
Table 4

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

Other checkable deposits
At
commercial
banks 4

At
thrift
institutions5

Total

In M2*

In M3
only 7

85.7
85.2

292.6
293.9

2509.9
2512.9

781.9
775.6

209.5
211.6
214.6

85.2
85.8
86.6

294.6
297.5
301.3

2517.8
2533.3
2544.7

781.8
790.8
779.0

276.1
278.4
280.1

215.4
220.2
223.5

87.1
87.6
88.2

302.5
307.8
311.6

2552.0
2554.7
2554.5

774.0
764.9
755.9

7.8
7.8
7.8

279.3
280.1
280.6

225.8
229.5
232.4

87.8
87.8
88.2

313.7
317.3
320.6

2547.4
2543.0
2539.5

749.9
747.1
741.2

264.8
266.0
267.3

7.9
8.0
8.2

283.8
287.6
289.5

235.4
239.2
241.6

89.1
90.5
91.6

324.5
329.7
333.2

2536.5
2539.8
2541.2

741.4
735.9
732.0

269.4
271.6
271.8

8.2
8.1
8.0

293.9
305.1
309.7

245.9
250.7
252.7

93.2
95.6
96.7

339.0
346.3
349.4

2537.7
2544.2
2534.4

727.0
724.9
716.4

2
9
16
23
30

271.5
271.8
271.9
271.8
271.7

8.1
8.1
8.0
8.0
8.0

308.6
309.0
312.9
309.8
308.5

252.0
254.7
253.3
252.3
250.6

95.1
96.3
97.2
96.7
96.9

347.2
351.0
350.5
349.0
347.5

2543.2
2543.0
2535.6
2531.0
2526.9

725.7
717.6
720.1
715.5
712.6

6
13
20p
27p

272.6
273.3
273.8
273.9

8.0
8.0 e
8.0 e
8.0 e

308.7
309.4
314.3
311.5

254.0
252.0
252.7
253.5

97.9
97.4
97.1
94.8

351.9
349.5
349.8
348.3

2527.2
2529.3
2525.3
2519.8

702.6
714.1
707.2
716.8

Currency 1

Travelers
checks 2

Demand
deposits3

1990-NOV.
DEC.

245.4
246.8

8.3
8,3

277.4
277.1

207.0
208.7

1991-JAN.
FEB.
MAR.

251.5
254.6
256.0

.3
^.2
8.1

271.8
275.9
276.9

APR.
MAY
JUNE

256.3
256.6
257.6

7.8
8.0
7.9

JULY
AUG.
SEP.

259.3
261.3
262.9

OCT.
NOV.
DEC.
1992-JAN.
FEB.
MAR.

Date

Meek ending
1992-MAR.

APR.

1.
2.

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.
3.
Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions* the U.S. govei
and foreign banks and official institutions, less cash items in the process of collection and Federal Reserve float.
4.
Consists of NOH and ATS balances at commercial banks> U.S. branches and agencies of foreign banks> and Edge Act corporations.
5.
Consists of NOH and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
6.
Sum of overniqht 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.
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 overniqht RPs and Eurodollars held by institution-only money market mutual funds. This sum is seasonally adjusted as a whole.
e—indicates estimated data,
p—indicates preliminary data.




H.6 C508)
Table 4-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars* seasonally adjusted
Savings deposits 1

Large-denomination time deposits3

Small-denomination time deposits2

At
At
commercial
thrift
banks4
institutions

Total

General purpose
and broker/dealer
money market funds

569.7
562.3

1167.3
1168.7

345.2
348.9

128.8
133.7

378.6
374.0

125.1
120.9

503.8
494.9

610.4
616.2
619.5

558.9
553.3
546.4

1169.3
1169.5
1165.9

356.6
361.0
365.0

138.3
145.5
148.5

379.1
385.1
382.1

117.5
114.5
110.8

496.6
499.6
492.8

953.0
966.1
976.8

617.6
615.9
617.8

542.1
535.0
522.8

1159.7
1150.9
1140.6

366.6
367.8
368.8

152.9
155.2
155.3

379.6
379.2
377.9

108.1
104.3
100.4

487.7
483.5
478.3

363.0
363.7
365.7

986.1
994.1
1002.4

617.5
621.2
619.5

512.0
499.6
491.5

1129.5
1120.8
1111.0

367.9
362.4
359.9

155.4
158.6
162.6

373.8
372.0
368.1

97.4
93.5
90.4

471.2
465.5
458.5

645.7
655.4
664.9

369.3
373.3
377.7

1015.0
1028.7
1042.6

614.1
606.4
598.5

481.1
472.8
464.5

1095.2
1079.2
1063.0

359.3
359.5
360.5

168.2
173.6
179.1

362.6
357.1
354.0

87.4
85.1
83.1

450.0
442.3
437.1

676.0
688.9
695.3

385.2
395.0
402.7

1061.2
1083.9
1098.0

587.7
576.2
569.3

455.0
443.0
432.6

1042.7
1019.2
1001.9

360.0
363.7
358.0

182.4
188.2
185.3

346.4
341.7
337.1

81.4
79.1
76.1

427.9
420.7
413.2

2
9
16
23
30

690.1
693.9
695.9
695.4
696.8

398.1
400.8
402.5
403.8
404.6

1088.2
1094.7
1098.3
1099.3
1101.4

573.0
571.4
569.5
568.1
567.2

439.3
437.2
434.3
431.3
427.1

1012.3
1008.6
1003.9
999.5
994.3

363.9
360.2
358.3
357.8
354.8

190.1
182.1
187.4
183.9
187.2

339.1
338.8
336.8
337.0
336.3

78.1
77.3
76.6
75.3
75.1

417.2
416.1
413.4
412.3
411.4

6
13
20p
27p

700.5
704.9
704.5
702.7

406.3
406.6
408.0
409.6

1106.8
1111.5
1112.5
1112.3

567.9
567.4
567.5
565.5

423.8
420.4
416.1
413.7

991.7
987.9
983.6
979.2

352.4
353.7
353.4
355.5

179.8
189.6
187.0
197.0

333.1
333.7
333.9
331.1

74.8
74.3
73.7
73.1

407.9
408.0
407.6
404.1

<sommercia.1

A*
banks

At
thrift
institutions

Total

1990-NOV.
DEC.

578.2
581.9

341.9
338.8

920.1
920.7

597.6
606.4

1991-JAN.
FEB.
MAR.

583.9
590.5
597.1

338.4
340.5
344.6

922.3
931.0
941.7

APR.
MAY
JUNE

602.8
609.6
617.3

350.2
356.6
359.6

JULY
AUG.
SEP.

623.2
630.4
636.7

OCT.
NOV.
DEC.
1992-JAN.
FEB.
MAR.

Date

At
At
commercial m thrift
banks
institutions

Institutiononly money
market funds

Total

Keek ending
1992-MAR.

APR.

1.
2.

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.
3.
Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities.
4.
Large-denomination time deposits at commercial banks less those held by money market mutual funds, depository institutions> and foreign banks and
official institutions.
p—indicates preliminary data.




H.6 (508)
Table 4-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars* seasonally adjusted
Debt components4

Non-M3 Components of L
Savings
bonds

Short-term
Treasury
securities1

Bankers
acceptances2

Commercial
paper3

1990-NOV.
DEC.

125.2
126.0

330.3
332.7

33.8
34.0

355.2
359.3

2470.9
2493.6

8239.2
8256.3

1991-JAN.
FEB.
MAR.

126.9
127.9
129.0

330.5
328.8
323.5

35.3
34.6
32.1

363.4
357.1
353.8

2509.1
2537.5
2551.5

8269.5
8289.6
8311.8

APR.
MAY
JUNE

130.1
131.3
132.4

307.3
299.4
325.1

30.
29.
28.

341.6
327.9
333.0

2547.4
2572.5
2606.7

8337.7
8365.1
8382.2

JULY
AUG.
SEP.

133.5
134.4
135.2

332.7
330.4
322.9

28.
27.
25.

339.8
336.3
337.7

2633.
2667.
2694.

8392.
8400.
8410.

OCT.
NOV.
DEC.

136.1
137.1
137.9

321.2
323.7
316.2

25.
24.
23.

336.2
337.9
339.7

2723.
2748.
2766.

8422.
8439.
8450.

138.9
140.1

311.5
325.6

23.2
22.9

334.8
327.5

2779.7
2793.4

8458.7
8480.5

Date

1992-JAN.
FEB. p

1.

Federal
debt

Non-Federal
debt

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.
2.
Net of bankers acceptances held by accepting banks> Federal Reserve Banks, foreign official institutions> Federal Home Loan Banks>
and money market mutual funds.
3.
Total commercial paper less commercial paper held by money market mutual funds.
4.
Debt data are on a monthly average basis> derived by averaging adjacent end-of-month levels* and have been adjusted to remove
discontinuities.
p—indicates preliminary data.




H.6 (508)
Table 5

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

Other checkable deposits

Date

Currency

l

Travelers
checks 2

Demand
deposits3

At
commercial
banks*

At
thrift
institutions5

Total

In M2fe

In M3
only 7

Overnight
RPs*

Overnight
Eurodollars9

1990-NOV.
DEC.

245.7
249.5

8.0
7.8

280.6
289.9

206.0
211.5

85.8
85.4

291.8
296.9

2510.8
2507.8

781.6
772.8

60.5
55.0

17.4
19.7

199X-JAN.
FEB.
MAR.

249.8
252.6
255.6

7.8
7.8
7.8

277.4
268.0
270.1

213.6
211.5
215.8

84.2
83.4
85.8

297.7
294.9
301.6

2518.6
2535.0
2553.3

778.4
792.5
783.3

52.0
51.4
49.0

19.9
19.0
20.2

APR.
MAY
JUNE

256.0
257.4
259.1

7.5
7.8
8.1

277.7
271.7
279.9

222.6
217.2
222.0

89.2
87.7
89.0

311.8
304.9
311.0

2557.8
2547.1
2549.9

772.2
768.1
757.2

50.0
51.3
52.3

19.6
17.2
15.6

JULY
AUG.
SEP.

260.8
262.0
261.7

8.5
8.6
8.3

280.9
278.8
278.6

223.1
226.9
230.6

89.0
88.3
88.2

312.1
315.1
318,7

2548.2
2544.6
2536.3

748.0
751.0
741.2

51.1
52.8
51.8

13.8
14.5
14.6

OCT.
NOV.
DEC.

263.1
266.3
270.0

8.0
7.7
7.7

283.7
291.1
303.0

232.0
238.1
244.6

88.6
90.7
91.8

320.6
328.8
336.6

2537.4
2540.5
2535.9

736.9
734.9
728.9

53.2
53.8
53,1

16.3
19.5
22.6

1992-JAN.
FEB.
MAR.

267.8
269.5
271.0

7.8
7.8
7.7

300.0
296.4
302.1

250.7
250.5
254.1

91.8
92.7
95.8

342.5
343.2
349.9

2537.9
2545.6
2543.3

724.2
727.1
720,9

55.3
57.6
53.2

21.9
19.4
20.3

2
9
16
23
30

268.8
272.1
271.4
270.9
270.3

7.8
7.8
7.8
7.7
7,7

296.9
302.7
305.8
298.5
300.9

250.6
257.7
254.6
252.2
251.4

93.4
97.5
96.1
94.7
94.5

344.1
355.3
350.7
347.0
345.9

2546.3
2548.7
2545.3
2539.6
2538.4

729.7
721.3
724.3
720.2
718.6

57.2
54.7
52.1
52.0
52.9

20.1
20.0
19.7
19.9
21.6

6
13
20p
27p

273.4
274.3
273.9
272.5

7.7
7.7 e
7.6 @
7.6 e

313.9
316.0
319.6
305.1

262.1
263.9
266.8
256.0

101.6
101.2
100.4
96.0

363.7
365.1
367.2
351,9

2545.9
2548.4
2527.9
2513.0

703.2
712.4
705.1
713.9

54.1
52.8
51.8
51.6

21.2
20.0
18.6
16.8

Week ending
1992-MAR,

APR.

Cur**^ficy outs id® U„S. Traasiury» Federal Reserve Banks and the vaults of depository institutions.
Q%:,*:.- •* -. Aif.g amot^ t ofc'ollar-derftom&npted
U. S
travelers checks of nonbank issuers. Trave?^rs checks issued hy depository institutions @r*2
inal-o^H
in demand deposit
vcz«?i"2Z\4 c!*?p©sits mi c«jn?mer**2 banksaanc _ f-.'felon-related institutions other than those du-s> "<o depository institutions) the U.S. government
-»/ ^ * :*ign banks and off™:'a* instil'v.? is» less cash items in the process
process of collection s,r%d Federal Rescs va float.
: «*-? **,** of MOH and ATS bo.***nces at co*
:p*^iiQMcial banks? U.S. branches and agancias of fore ion banks? and Edg^ Act corporations.
:
M " , \ * ~r, of mH mt\d MS b< ?
.--ics»s at thi
:h:-;f'%9 credit union share draft balances* and demanc deposits at thrifts.
ps
?* overnight RPs *nd
i^ndollarsy mc^viy market fund balances (general purpose and broker/dealer)> savings deposits (including mcnay market
depcs 'i accounts! and Sijta^ ' time deposits
c e ^ c s i i . tsrm RPs e.nd Eurodollars of U.S. residents? ^nonev market fund balance*, (institution-only), lass the ®stimat®d
-,..- • . T^rge
.v S V - time
»*...» *>«^w»*v
amount ef overnight RPs arc' Eurodollars held by institution-only money market stsutual funds,
Coisi^is iif C V Q m i g h t and -'-•r.tinuing contract R?% issued by all depository institutions to other than depository institutions and money market
mutual funds (general purpose and broker/dealer).
Issued by foreign branch©', of U.S. banks worldwide to U.S, residents other than depository institutions arte! money market mutual funds
(general purpose and broksr/dealer).
e- -indicates estimated data,
p- -indicates preliminary data.




H.6 (508)
Table 5-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Savings deposits1
At
At
commercial
thrift
banks
institutions

Date

Large-denomination time deposits3

Small-denomination time deposits2
Total

At
At
commercial
thrift
banks
institutions

Total

General purpose InstitutionAt
At
and broker/dealer only money commercial
m thrift
4
money market funds market funds
banks
institutions

Total

1990-NOV.
OEC.

578.3
580.0

342.0
337.7

920.2
917.7

598.0
606.3

570.1
562.2

1168.1
1168.5

344.5
346.8

128.4
134.4

378.8
373.0

125.2
120.6

504.0
493.5

1991-JAN.
FEB.
MAR.

581.1
587.4
598.4

336.8
338.7
345.4

917.9
926.1
943.7

612.1
617.8
619.9

560.5
554.8
546.7

1172.6
1172.5
1166.6

356.2
365.9
373.8

142.5
152.1
153.1

376.6
383.9
382.6

116.7
114.1
110.9

493.3
498.0
493.5

APR.
MAY
JUNE

604.9
609.3
620.0

351.4
356.4
361.1

956.4
965.8
981.1

617.1
614.2
615.7

541.7
533.5
521.0

1158.8
1147.7
1136.7

373.
365.
364.

153.
155.
152.

378,
380.
379.

107.
104.
100.

486.1
485.0
479.9

JULY
AUG.
SEP.

626.1
631.9
635.8

364.7
364.6
365.1

990.9
996.5
1001.0

617.3
620.8
619.1

511.9
499.3
491.2

1129.2
1120.0
1110.3

363.
360.
358.

151.
156.
157.

373.5
373.8
369.7

97.
93
90.8

470.8
467.8
460.5

OCT.
NOV.
DEC.

644.6
655.3
662.4

368.7
373.2
376.3

1013.3
1028.5
1038.7

615.2
606.9
598.7

482.0
473.2
464.6

1097.1
1080.1
1063.4

357.
358.
358.

163.
172.
180,

362.8
356.9
352.8

87.
85.
82.8

450.2
441.9
435.5

1992-JAN.
FEB.
MAR.

672.3
685.2
696.8

383.1
392.9
403.7

1055.4
1078.1
1100.5

589.5
577.6
569.5

456.4
444.1
432.8

1045.9
1021.8
1002.3

359.5
368.8
366.9

188.1
196.9
191.4

344.0
340.6
337.6

80.9
78.8
76.3

424.9
419.4
413.8

2
9
16
23
30

687.7
694.9
698.3
696.7
698.7

396.7
401.4
403.8
404.6
405.8

1084.4
1096.3
1102.1
1101.3
1104.5

573.8
571.9
569.7
567.9
567.6

439,
437,
434.
431.
427.

1013,
1009,
1004,
999.
994,

370.8
368.3
367.2
367.4
364.4

199.5
188.5
194.1
190.6
191.3

338.4
339.2
337.8
337.7
336.5

77.9
77.4
76.8
75.4
75.1

416.
416.
414,
413.
411.

6
13
20p
27p

707.4
713.0
705.9
700.1

410.3
411.3
408.8
408.1

1117.7
1124.4
1114.7
1108.1

568.1
567.0
566.8
564.6

424.
420.
415.
413.

992.
987,
982.
977.

360.7
364.0
360.4
358.8

181.3
193.8
188.1
197.9

333,
333,
332,
329.

74,
74,
73.
72.

408.
407,
405.
401.

Week ending
1992-MAR.

APR.

1.
2.

Savings deposits include money market deposit accounts.
Small-denomination time deposits—includina 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.
3.
Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities.
4.
Large-denomination time deposits at commercial banks less those held by money market mutual funds* depository institutions, and foreign banks and
official institutions.
p—indicates preliminary data.




H.6 (508)
Table 5-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of d o l l a r s , not seasonally adjusted
Term RPs1
At

Debt components6

Non-M3 Components of L
Total

Term
Eurodollars2

Savings
bonds

Short-term
Treasury 1
securities3

Bankers
acceptances4

Commercial
paper5

Federal
debt

Non-Federal
debt

42.5
41.5

95.6
89.6

67.5
68.7

125.0
125.8

339.6
345.1

34.6
35.7

350.3
355.1

2461.5
2491.3

8220.6
8245.8

48.4
48.5
48.1

40.3
38.2
35.4

88.7
86.7
83.5

69.2
69.8
68.2

126.8
127.9
129.1

339.6
330.3
324.5

36.1
34.3
31.5

367.7
360.3
354.7

2510.8
2540.7
2553.4

8256.0
8256.8
8272.8

APR.
MAY
JUNE

49.1
48.3
49.1

33.1
32.1
29.3

82.2
80.4
78.4

65.2
62.3
61.6

130.4
131.6
132.7

302.8
292.1
313.9

30.1
28.7
27.8

344.5
334.0
334.9

2544.5
2560.6
2586.4

8300.4
8330.5
8352.9

JULY
AUG.
SEP.

49.6
48.9
48.1

29.2
29.4
28.6

78.8
78.4
76.7

62.7
63.6
61.5

133.6
134.3
135.0

324.0
324.9
323.9

27.9
27.2
25.5

338.8
333.1
335.8

2609.3
2642.9
2673.1

8365.5
8372.4
8385.8

OCT.
NOV.
DEC.

48.9
48.0
47.1

26.6
25.6
23.8

75.5
73.7
70.9

62.8
61.9
57.7

135.9
136.8
137.7

325.3
332.7
328.6

25.1
25.2
24.5

331.5
333.8
335.8

2707.6
2740.7
2764.9

8400.3
8416.8
8438.7

1992-JAN.
FEB.
MAR.

48.1
48.7
50.8

22.8
23.4
23.0

70.9
72.1
73.8

55.7
56.0
57.8

138.8
140.1 p

320.3
326.7 p

23.7
22.7 p

338.7
330.4 p

2782.0
2798.2 p

8444.3
8446.3 p

2
9
16
23
30

48.8
48.9
51.2
51.9
51.9

23.3
24.3
24.0
22.9
20.7

72.1
73.2
75.2
74.8
72.6

57.6
57.9
57.0
57.9
58.7

6
13
20p
27p

50.2
49.8
50.2
50.5

21.9
21.5
22.4
22.2

72.1
71.3
72.6
72.7

56.7
56.1
56.1
55.7

banks

At
thrift
institutions

1990-NOV.
DEC.

53.1
48.1

1991-JAN.
FEB.
MAR.

<commercial

Date

Heek ending
1992-MAR.

APR.

5.
6.

T e r m R P s a r e t h o s e w i t h o r i g i n a l m a t u r i t i e s g r e a t e r than o n e d a y , e x c l u d i n g c o n t i n u i n g c o n t r a c t s a n d retail R P s .
T e r m E u r o d o l l a r s a r e t h o s e w i t h o r i g i n a l m a t u r i t i e s g r e a t e r than o n e d a y . C o n s i s t s of those issued to U . S . r e s i d e n t s b y f o r e i g n b r a n c h e s o f
U . S . b a n k s w o r l d - w i d e a n d b y a l l b a n k i n g o f f i c e s in t h e U n i t e d K i n g d o m a n d C a n a d a . E x c l u d e s those h e l d b y d e p o s i t o r y i n s t i t u t i o n s a n d
money market mutual funds.
C o n s i s t s o f U . S . T r e a s u r y b i l l s a n d c o u p o n s w i t h r e m a i n i n g m a t u r i t i e s o f less than 1 2 m o n t h s h e l d b y o t h e r than d e p o s i t o r y i n s t i t u t i o n s .
F e d e r a l R e s e r v e B a n k s , m o n e y market m u t u a l f u n d s , a n d foreign e n t i t i e s .
N e t o f b a n k e r s a c c e p t a n c e s h e l d b y a c c e p t i n g b a n k s , Federal R e s e r v e B a n k s , foreign o f f i c i a l i n s t i t u t i o n s , Federal H o m e L o a n B a n k s , a n d m o n e y
market mutual funds.
T o t a l c o m m e r c i a l p a p e r less c o m m e r c i a l p a p e r held b y m o n e y m a r k e t m u t u a l f u n d s .
D e b t d a t a a r e o n a m o n t h l y a v e r a g e b a s i s , derived b y a v e r a g i n g a d j a c e n t e n d - o f - m o n t h l e v e l s , a n d h a v e b e e n a d j u s t e d t o r e m o v e d i s c o n t i n u i t i e s ,

Pi- -indicates preliminary data.




H.6 (508)
Table 6

MEMORANDUM ITEMS

10

Billions of dollars* not seasonally adjusted
Demand deposits
at banks due to

Date

IRA and Keogh Accounts

U.S. government deposits

Time and savings
deposits due to
Foreign
Foreign
foreion banks
official
and official
c:ommercial
banks
institutions
institutions

Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

Note balances
at depository
institutions

Total
cash
balance

Time and
savings
At
deposits
A*
thrift
at commercial commercia 1
banks
institutions
banks

At
money
market
funds

Total

1990-NOV.
DEC.

9.2
9.0

1.5
1.5

3.9
4.1

3.8
5.0

5.6
5.2

15.4
18.1

24.8
28.2

1.4
1.4

128.6
130.3

133.8
133.4

41.8
43.3

304.2
307.0

1991-JAN.
FEB.
MAR.

9.3
8.2
8.0

1.6
1.6
1.6

4.5
5.1
5.7

4.9
4.2
5.1

7.8
11.5
6.8

24.5
35.1
23.3

37.2
50.8
35.1

1.3
1.3
1.3

132.1
133.6
135.3

133.5
134.0
134.5

43.5
43.5
44.0

309.1
311.1
313.8

APR.
MAY
JUNE

8.5
8.2
7.6

1.5
1.5
1.5

6.0
6.2
6.3

5.4
3.6
5.0

4.7
5.6
6.3

15.0
16.2
18.6

25.1
25.4
29.9

1.3
1.4
1.5

137.3
138.9
140.3

135.2
135.5
135.4

44.3
44.9
43.9

316.7
319.3
319.6

JULY
AUG.
SEP.

8.0
7.9
7.8

1.5
1.5
1.5

6.3
6.5
6.6

3.7
3.6
5.2

6.6
5.8
7.8

17.1
13.5
21.7

27.3
22.9
34.7

1.6
1.5
1.5

141.8
143.1
144.4

134.6
133.2
131.6

42.2
42.8
43.3

318.5
319.1
319.4

OCT.
NOV.
DEC.

7.7
7.9
8.1

1.5
1.5
1.7

6.7
6.7
6.6

3.6
4.4
4.8

5.7

6.0
7.4

25.0
24.2
20.5

34.4
34.6
32.8

1.5
1.6
1.5

145.9
147.0
147.7

131.2
131.2
131.2

43.4
43.0
42.3

320.5
321.3
321.2

1992-JAN.
FEB.
MAR.

8.3
7.6
7.6

1.7
1.6
1.5

6.5
6.5
6.5

5.2
4.3
4.2

7.4
6.2
5.6

27.9
20.9
15.9

40.5
31.5
25.7

1.8
2.0
2.2

148.3
148.4
147.8

131.1 e
130.4 e
129.9 e

42.2 e
42.5 e
42.5 e

321.6 e
321.3 e
320.1 e

2
9
16
23
30

7.4
7.4
7.2
7.6
8.1

1.5
1.4
1.8
1.4
1.5

6.5
6.5
6.5
6.5
6.6

4.7
3.5
6.0
3.1
3.4

5.3
5.8
5.6
5.8
5.3

14.7
14.3
12.7
22.5
15.4

24.7
23.7
24.3
31.4
24.1

2.0
2.2
2.2
2.2
2.2

6
13
20p
27p

8.2
7.6
8.3
7.6

1.6
1.5
1.6
1.5

6.5
6.5
6.5
6.5

4.6
4.1
9.2
5.6

5.2
4.7
4.3
5.4

9.7
5.8
6.6
19.8

19.4
14.7
20.1
30.8

2.4
2.5
2.5
2.6

Meek ending
1992-MAR.

APR.

e-*-indicates estimated data.
p—indicates preliminary data.