The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE statistical release
H.6(508)
":«,
For release at 4:30 PM
November 1, 1984
Data for the monetary aggregates have been revised to incorporate new
information on the level and composition of deposits received in conjunction
with annual shifts among weekly, quarterly, and annual reporting panels of
depository institutions and with regular quarterly reports. The bulk of
revisions affects data for the third quarter of 1984, although minor revisions
to other checkable deposits extend back to January 1981. In addition, institution-only money market mutual fund shares have been revised back to November
1980 to reflect new data. Revised historical data beginning in 1980 will be
available shortly on request.
FEDERAL RESERVE statistical release
H.6 (508)
Table 1
MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES
MOVEMEEfi
Billions of dollars
M1
Sum of currency,
travelers checks,
demand deposits and
other checkable deposits1
Date
M3
M2
M2 plus
M1 plus overnight RPs
large time deposits,
and Eurodollars,
MMMF balances (gen. pur. term RPs, term Eurodollars
and institution-only
and broker/dealer), MMDAs,
MMMF balances'
and savings and small
time deposits2
Seasonally adjusted
L
Debt
M3 plus other
liquid assets4
Debt of domestic
nonfinancial sectors*
1983—SEPT.
OCT.
NOV.
DEC.
519.0
521.7
523. 1
525.4
2148.0
2167.3
2182.2
2196.3
2639.1
2658.9
2689.3
2710.4
3100.2
3116.4
3147.2
3178.7
5080.1
5124.7
5170.6
5224.8
1984 — JAN.
FEE.
MAR.
APfi.
JUNE
JULY
AUG.
SEPT.
530.1
533.0
535.3
535.5
541.2
546.4
545.8
546.7
548.9
2206.8
2222.6
2230.0
2242.9
2258.6
2272.2
2281.8
2290.9
2306.4
2723.8
2747.0
2767.8
2792.4
2818.3
2839-6
2860.4
2872.0
2891.0
3201.4
3231.6
3273.6
3299.3
3330.3
3371.4
3406.9
5282.7
5340.5
5394.2
5452.3
5513.9
5566.4
5628.0
5693.3
1983—SEPT.
OCT.
NCV.
DEC.
516.3
522.4
526.8
537.9
2142.3
2167.2
2181.3
2198. 1
2633.7
2657.6
2690.4
2716.5
3088.0
3112.4
3148.4
3189.4
5066.9
5114.4
5158.7
5218.7
1964—JAN.
FEE.
HAR.
APR.
535.0
522.0
528.2
543.3
535.0
545.6
547.6
542.8
546.3
22)0.6
2729.7
2739.7
2769.0
2800.9
2813.6
2838.3
2859.2
2870.1
2885-4
3212.9
3233. 1
3279.9
3310.8
3326.2
3367.5
3398.9
5275.8
5321.4
5370.7
5426.5
5487.5
5544.4
5607.7
5674.9
HAY
1,
198U
Not seasonally adjusted
MAY
JUNE
JULY
AUG.
SEPT.
2212.5
2231.0
2254.7
2253.5
2274.0
2286.9
2288.3
2300.0
M1
For period ended
1984-SEPT. 3
10
17
24
CCT.
1
8
15 P
22 P
NOTE:
13-week average
Seasonally adjusted
4-week average
546.2
546.6
546.9
546.9
546.8
548.5
548.7
548.6
54 5. 3
553.5
549.0
546.4
545.0
545.5
545.7
'545.8
541.9
544.4
546.3
547. 1
542.8
557.9
551.4
536. 1
547. 1
547.0
547.0
547.0
549.2
547.2
546.8
546.3
548.0
545.4
547.2
544.7
545.4
544.9
544.9
545.0
546.5
545. 1
545.6
547- 1
540.4
552.3
553.5
542.2
week average
13-week average
Not seasonally adjusted
4-week average
week average
SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING HEEK-TO-WEEK CHANGES IN HONEY SUPPLY DATA, WHICH AftE
HIGHLY VOLATILE AMD SUBJECT TO REVISION.
P--INDICATES PRELIMINARY DATA.
FOOTNOTES APPEAR ON THE FOLLOWING PAGE
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 JUNE
1984 10 S£PT. 1984
1.8
6.0
7.2
IX. 0
6 MONTHS FROM H A B .
1984 TO S E P T . 1984
5.1
6.9
8.9
13.2
%2 SOUTHS FBOH SEPT.
1983 T O S E P T . 1984
5.8
7.4
9.5
13*0
THIRTEEN W E E K S ENDING O C T . 2 2 , 1984
FROM THIRTEEN SEEKS ENDINGS
1/
i/
2/
3/
4/
5/
JULY
23,
1984 (13 SEEKS PREVIOUS)
2.2
APE.
23,
1984 {26 MEEKB
PREVIOUS)
4.7
OCT.
2 4 , 1983 |52 UEBKS
PREVIOUS)
5.4
GROWTH RATES FOB DEBT JkEE BASED OM PERIODS BEGINNING AND ENDXMG ONE MONTH EARLIER THAN FOB THE fSGHBTARY AGGREGATES*
HAKELY, BkY 1984 TO hUGUST 1984, FE8EUABI 1984 fO AUGUST 1984, hUB AUGUST 1983 TO AUGUST 1984, MESPBCTIVBLY.
FOOTNOTES TO TABLE 1
CONSISTS OF (t) CUEBEiiCf OOTSIDE THE TREASURY, FEDEBAL RESERVE 8&NKS, AMD THE 'JAOLTS OF CGSSISEBCIAL BAMKS;
(2J TRAVELERS CHECKS OF MOWBAUK JSSOEES; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BktsKS uTHBB SHAN THOSE DOE TO
DOMESTIC BANKS, TBS U.S. GOVERNMENT, AMD FOREIGN B&HKS ABSD OFFICIAL INSTITUTIONS LESS CASH ITBBS IN THE PBOCBSS
OF COLLECTION AND FEDERAL BESEBVE FLOAT; AMD |4) OTHER CHECKABLE DEPOSITS (OCD) COBSXSTIBG QW JfEfiOTIiBLB OMDEB
OF BITBDBAMAL (NOS) ABD AUTOMATIC TBAHSFER SERVICE (ATS) ikCCOC&TS AT DEPOSITOB^' INSTITUTIONS,
CREDIT ONIOI5 SHAES DBAFT ACCOUJ1T5 AKD DE8AKD DEPOSITS AT THRIFT IHSTITUTIONS. tm COSREMCf A^D DEISAMD
DEPOSIT COHPOSEHTS EXCLODK THE ESTIMATED AHOyifT OF ViOLT ChSK hUD SEBhMB D£PCSIfSf K2SPBCRI%ELJe HELD BY
THRIFT IMSTITOTIOKS TO SERVICE THEIB OCB LIABILITIES.
CONSISTS OF Hi PLUS OVERSIGHT 1&UD CONTINUING CONTBACT) BPS ISSUED BY ALL CQKBEBClhL BANKS AND OVERBIGBT E0RODOLI.ABS
ISSUED TO U*S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS KOQLDHIOE, HKDAS, SAVINGS LSD SIS ALL DEHOBINATIOK
TIflE DEPOSITS (TIBS DEPOSITS—INCLUDING RETJVIJL RPS—IN AfiOUKTS OF LESS TK&B ^100^000), AMD B&LAKCES IB BOTH
TAXABLE AND T&I-EXEflPT GENERAL PURPOSE AND BROKER/BELLED, EQilBl BARKET BDTQAL FOMDS. EXCLUDES IfiA SiD KEQGE
BALANCES AT DEPOSITORY INSTIT0T1OHS AND HO KEY MARKET ?UHDS. ALSO E£CLiJ.0ES hLL B&L&SCES BELD BY U*S. CCBHBBCI&L
BAMKS, HOMEY MARKET FUMDS CGEMER^L PUEPOSE AUD BROKEH/DE.f LERJ}, POP.EIGK G0VEBK3EBTS AKO CQBBBBCIhh B&B&Se &MD
THE U«S» GOVERKBEMT. *.LSO SOBTRACTED IS L CONSOLID&TIOL! HDJOSTHK^T THAT BEPRSSEBTS THE ESTIMATED &8OQ^T
OF DEBAHD DEPOSITS &UD VAULT CASE HELD BY THfilFT INSTITUTIONS TO SESVICE THS1S 2IHE AHD SAFINGS DEPOSITS.
COM31STS OF S2 PLOS LAHGE DSKOKINATIOK TIME DEPOSITS (IM &KO0MTS OF SIOO^OOO GE aOREi ^MD TESH »P LIABILITIES ISSUED
B¥ COIifiEECIAL BASKS AND TKHIFT IMSTlTOTIOtiS, TERH EUHODOLLABS HELD BY 0. S. RESIDENTS hT FOEE1GH BE^HCHES OF U.S. BMKS
MORLDKIDE AND AT LLL BASKING OFFICES IN THE UHITED KINGDOM AMD CANADA, AND BILABCES IH BOTH TAXABLE &SD T&£-E£E«PT
INSTITUTION-OilLY BQUE? HABKET HUTOAL FUNDS. EXCLUDES AMOUNTS HELD Bl DEPOSITORY INSTITUTIONS, THE U.S. GOfEBHHBNT, SOHEY
HAaKET FUNDS, IND FOREIGN BANKS hWD OFFICIAL INSTITUTIONS.. ALSO SUBTRACTED IS K CONSOLIDATION ADJUSTBEfiT THAT EEPEESEHTS
THE ESTIMATED ABOUNT OF OVEBHIGHT BPS AND EURODOLLARS HELD BY INSTITUTION-ONLY HONEY ftARKET HOTUAL FUBDS.
CONSISTS OF K3 PLUS THE NONBANK PUBLIC HOLDIKGS OF U.S. SAVINGS BONDS, SHORT-TEBH TREASURY SECURITIES, COBfiSSCIAL
PAPER AND BAHKERS ACCEPTANCES, NET OF HONEY HAfiKET MUTUAL FUMD HOLDINGS CP THESE ASSETS*
DEBT OF DOMESTIC KOHFIN^NCXAL SECTORS CONSISTS OF OUTSTANDING CREDIT HA&KET DEBT OP THE UNITED STATES GOVERNSEET,
STATE AMD LOCAL GOVERNMENTS AND PRIVATE RONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF COBPOBATE BONDS, MORTGAGES*
COaSUMEB CREDIT (INCLUDIHG BA«K LOANS), OTHER BANK LOANS, COMMERCIAL PAPEB, BACKERS ACCEPTANCES AND OTHEB DEBT
INSTRUMENTS. THE DATA AKE DERIVED FBOfi THE FEDEfiAL RESERVE BOARD'S FLOU CF FUNDS ACCOUNTS. ALL DATA CN DEBT OF DOMESTIC
NONFINAHCIAL SEC1OBS ARE PRESENTED IN MONTH-AVER AGE FORM, 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 FLOW OF FUNDS STATISTICS.
THE PRESENTATION OF DEtJT DATA 1$ THIS RELEASE DIFFERS, THEREFORE, FROM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED II*
IN THE FEDERAL RESERVE RELEASES Z.7 AND Z.I. IN THOSE RELEASES, PUBLISHED LEVELS OP CREDIT MARKET DEBT ARE MEASURED ON &
A QU&KTER-EKD BASIS AND INCLUDE DISCONTINUITIES.
COMPONENTS OF TNS MONEY STOCK
M M 0 O 6 Of OOfMTS, 99UtOHttof
Otto
fttfflMMOd
TMMMlMB
ctonA««
zz
O*tr
topoefo4
—R5maxtasttofw
Ol
P
tot MJ
Mwntt
InlfS
on**
'
Ktofftd
ol
at
OOfVOTM wctot
ttwMN
pttow •mm
&VMM ttovit dopooMs*
total
ooromccoint
at
tfwffl
ct
*
tola1
ton4
144.8
4. 7
243.0
126.5
1629. 0
491. 2
tenta
137. 4
OCT.
NOV.
DEC.
146.0
147.2
148.0
4. 8
4. 9
4. 9
243.6
242.8
243.7
127.3
128.3
128.9
1645. 6
1659. 2
1670. 9
491. 6
507. 1
514. 1
! 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. 2
223. 7
225. 1
93. 9
96. 6
100. 4
315. 1
320. 3
325. 4
1984-JAN.
FED,
MAR.
149.9
150.2
150.9
4. 9
5. 0
5. 0
244.5
243.8
244.0
130.8
134.0
135.4
1676.7
1689.6
1694.8
517. 0
524. 4
537. 7
• 132- 1
130. 1
128. 9
177. 7
176. 5
176. 6
309.9
306.6
305.5
352.9
352.8
353.5
444. 1
448. 1
449.9
797. 0
800. 9
803. 4
226.8
227.9
232.4
106. 3
112. 0
115. 5
333. 0
339. 9
347. 9
APR.
BAY
JUNE
151.8
152.9
154.2
5. 1
5. 1
5. 1
245.3
245.2
248.2
133.3
138.0
138.8
1707. 4
1717. 4
1725. 8
549. 5
559. 7
567. 4
128. 6
128. 2
128. 0
176. 9
177. 3
305.5
305.5
305.2
356.0
360.5
365.7
452.4
456. 1
463.3
808. 3
816. 7
829. 1
236. 0
243. 4
249, 4
119. 5
123. 8
129. 4
355. 5
367. 3
378. 8
JULY
AUG.
SEPT.
155.0
156,0
156.7
5. 2
5. 2
5. 1
247.1
245.5
246.4
138.5
140.0
140.8
1736. 0
1744. 2
1757. 5
578. 5
581. 1
584. 6
127. 4
126. 3
125. 9
175. 7
173. 4
173. 0
303.0
299.8
298.9
371.8
377.9
382.3
473.3
484.2
492.8
845. 2
862. 1
875. 1
254. 8
255. 3
257. 8
134. 2
136. 7
135. 1
389. 0
392. 0
392. 9
156.5
156.2
156.3
156.4
243.2
248.7
246.5
244.9
140.4
143.4
141.1
140.0
125.
126.
126.
125.
9
3
0
6
380.5
381.3
382.0
382.9
254. 6
255, 0
257. 3
259, 6
157.3
157.1
157.3
157.4
247.:*
243.0
245. 1
242.6
138.3
140.2
139,9
139.6
125.
125.
125.
125.
4
7
4
1
384.4
385.1
384.8
384.5
260. 5
261. 5
262. 2
263. 4
1983-SEPT.
tente
180. 5
317.9
338.2
4 2Q 7
759. 0
tent
223. 2
89. 4
312. 1
WEEK ENDING
1984
SEPT. 3
10
17
24
OCT.
1/
2/
3/
4/
5/
6/
7/
8/
9/
10/
1
8
15 P
22 P
CURRENCY OUTSIDB THE Q*S. TREASURY, FEDERAL RESEBVE BANKS AHD VAULTS OF CORHEfiCIAL BABKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HE1D BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF O.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHBCKS ISSUED BY DEPOSITORY
INSTITUTIONS ABE INCLODBD IN DEMAND DEPOSITS.
DEBAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DOE TO DOMESTIC BANKS, THE O.S. GOVERHMEKT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEHS IN THB PROCESS OF COLLECTION AND FEDERAL RESEfiYE FLOAT.
EXCLUDES THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COHHERCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
CONSISTS OF NOH AND ATS BALA1CBS AT ALL DEPOSITORY IHSTITOTIOBS, CREDIT UNION SHARE DRAFT BALANCES AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED BQUALS THE DIFFERENCE BETWEEN THB
SEASONALLY ADJUSTED SOB OF DEMAND DBPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEJIAND DEPOSITS. INCLUDED ABE ALL CBIL1NG
FREE "SUPER NO»S," AUTHORIZED BY THB DEPOSITORY INSTITUTIONS DEBEGUJ.ATICN COMMITTEE TO £E CFFERBD BEGINNING JANUABY 5,
1983.
SUB OF OVERNIGHT RPS AND OVERNIGHT BOHODOLLARS, HONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKEB/DEALBB),
HHDAS, AMD SAVINGS AND SMALL TI«E DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT 1HAT BEPBESEUTS THE ES1IHATBD AMOUNT OF
DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE TBEIR TIRE AND SAVINGS DEPOSITS LIABILITIES.
SUB OF LARGE TIME DEPOSITS, TERfl RPS AND TERM EURODOLLARS OF O.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTIONONLY), LESS A CCNSCLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIBATED AHCUKT OF OVERNIGHT RPS AND EURODOLLARS HELD BY
INSTITUTION-ONLY MGNEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE HHDAS.
SMALL DENOHINATICN TIME DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN 1100,000. ALL
INDIVIDUAL FETIREHINT ACCOUNTS (IRA) AMD KEOGH ACCOUNTS AT COMMERCIAL BA*KS AND THRIFTS ARE SUBTRACTED FROM ST*LL
TIKE DEPOSITS.
LAEGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AJ10UNTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LAiiGE DLNOHINATICN TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY HONEY MARKET MUTUAL FUNDS,
DE£OSITC1»¥ INSinOlICNS AND FOREIGN BANKS AND 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
bankers acceptances2
short-term treasury
securities1
commercial paper3
Debt components4
federal debt
non-federal debt
70.3
70.5
222.9
221.5
43.6
43.7
121.0
125.3
1122.4
1137.1
3943.0
OCT.
NOV.
DEC.
70.7
70.8
71-0
218.4
217.2
223.3
42.8
42.9
43.3
125.7
126.9
130.8
1151.3
1163.6
1173. 1
3973.4
4007.0
4051.7
1984-JAN.
FEE.
MAR.
71.2
71.7
72.2
226.6
231.7
245.8
42.7
41.6
42.4
137. 1
139.6
145.4
1192.2
1216.2
1224.9
4090.4
4124.3
4 169. 3
APR.
HAY
JUKE
72.5
72.8
73.0
241.8
240.0
252.0
43. 1
45.3
46.9
149.5
154.0
159.9
1236.5
1252.5
1260.2
4215.8
42t>1.4
4306.3
JULY
AUG.
73.2
262.8
47.3
163.2
1276.8
1299.3
4351.2
4394.0
1983-AOG.
SEPT.
1/
savings bonds
3914.5
COMSIS1S OF U.S. TREASURY BILLS AND COUEONS WITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD LY C1HEB THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, MONEY MARKET MUTUAL FUNDS AND FOREIGN ENTITIES.
NET OF DANKEIiS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOBEIGN OFFICIAL INSTITUTIONS, THE FECEBAL
HOME LCAN BANK SYSTEM AND MONEY MARKET MUTUAL tUNDS.
TOTAL CGMMERCIA1 PAPEK LESS COMMERCIAL PAPER HELD BY MONEY MARKE1 MUTUAL FUNDS.
D-EBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-MONTH LEVELS OF ADJACENT MONTHS, AND UAVE BEEN
ADJUSTED TO RE/SCVE DISCONTINUITIES.
H.6 (508)
Table 5
COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Other checkable deposits
Nontransactions components
General
purpose and
broker/dealer
money market
funds
Travelers
checks2
Demand
deposits 3
144.3
5.0
242.0
93.4
31.7
125.0
1626-0
491.4
42.8
10.7
137.9
OCT.
NCV.
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
32.8
33.4
33.6
127. 1
129-0
131.3
1644.8
1654-5
1660.2
490.3
509. 1
518.4
45.3
44.9
44.8
11.7
10.3
11.4
137.5
138.8
138.2
1984-JAN.
FEEHAS.
148.4
148.3
149.8
4.6
4.7
4.8
249.4
237,9
239.4
99.2
97.8
99.7
33.4
33.3
34.5
132.6
131. 1
134.2
1675.7
1690.5
1702.7
519. 1
527-2
538. 1
47. 1
48- 1
47.0
11.5
11.4
11.3
137.8
142- 1
144.8
APE.
MAY
JUNE
151.5
152.9
154.9
4.8
5.0
5.4
247.8
241.3
247.0
102.8
99.7
101. 1
36.4
36.2
37.2
139. 1
135.9
138.3
1711.4
1718.5
1728.3
546.2
560. 0
564.3
46.4
47.0
43. 9
11. 1
12-1
12.6
145.9
146.5
148.9
JULY
AUG.
SEF1.
156.3
156.5
156.5
5.8
5.7
5.4
247.5
242.9
245.3
100.4
100.2
101.2
37.6
37.4
38.0
138.0
137.6
139. 1
1739.4
1745.6
1753.7
572.3
581.8
585.4
43.2
45.2
44.3
13.4
13.3
12.6
150.5
150.5
151.9
156.7
157.7
156.4
155.5
242.2
251.4
249.0
239.2
100-6
104.0
102.5
99-0
37.7
39.3
38. 1
37-0
138.3
143.2
140.6
136.0
45.5
44. 1
44. 1
44.6
13.5
11-5
12.4
13.7
150.8
150-9
152.3
152.4
155.3
158. 1
157.3
156.6
243.6
247.2
250.0
242.2
98.8
102.6
102.3
100.3
37.4
39.2
38.9
38. 1
136.3
141.8
141. 1
138.4
43.9
42.9
44. 0
44.8
12-5
12.2
11.0
13.0
152.7
153.2
155.3
156.«
Date
1983-SEPT.
iEEK
3
10
17
24
OCT.
1
8
15 P
22 F
2/
3/
4/
5/
6/
7/
8/
9/
at commercial
banks 4
at thrift
institutions 9
total
in M2
6
in M3 only
7
Overnight
RPs8
Overnight
Eurodollars9
ENDING:
1984-SEFT-
1/
Currency
1
CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND THE VAULTS OF CCHMERCIAL BANKS.
EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIB OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS CF NONBAKK ISSUERS. TRAVELERS CI1ECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEFOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BA*KS, 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 NOW AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS- INCLUDES SOEER NOWS OF $32.8 BILLION IN THE WEEK ENDED OCTOBER
8, $32.9 BILLION IN THE IEEK ENDED OCTOBER
15, AND $32.5 BILLION IN THE HEEK ENDED OCTOBER 22.
CONSISTS OF NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPCSIIS AT THRIFTS. INCLUDES SUPER NCWS OF $12.5 EILLION IN THE WEEK ENDED OCTOBER
8, $12.3
BILLION IN THE WEEK ENDED OCTOBER
15, AND $12.1 BILLION IN THE SEEK ENCED OCTOBER 22.
SUH OF OVERNIGHT RFS AND EURODOLLARS, HONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), MMDAS AND SAVINGS
AND SMALL TIME DEPOSITS LESS THE ESTIBATED AMOUNT OF DEflAND DEPOSITS AND VAULT CASH HELD BY THRIFT IKSTITUTIONS TC SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RFS AND EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESIIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD EY INSTITUTION-CNLY
MONEY KARKE1 MUTUAL FUNCS.
CG2.SISTS OF OVEBNIGHI AND CONTINUING CCNTRACT RPS ISSUED BY COMMERCIAL EANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET KUTUAL FUNES (GENERAL PURPOSE AND BPOKER/DEALEP).
ISSUED BY FOREIGN BRANCHES OF U.S. EANKS WORLDWIDE TC U.S. RESIDENTS CTHEB THAN DEPOSITORY INSTITUTIONS AND
MONEY KARKET KUTUAL tUULS (GENERAL PURPOSE AND KRCKEP/DEALER)
H.6 (508)
Table 5-continued
COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Date
Money market deposit accounts
at
at
commercial
thrift
total
banks
institutions
at
commercial
banks
JSavings depositsT
at
thrift
institutions
total
Small denomination time deposits2
at
at
commercial
thrift
total
banks
institutions
Large denomination time deposits3
at
at
commercial
thrift
total
4
banks
institutions
221.1
148.4
369.5
136.4
179.8
316.2
337.3
419.0
756.3
223.7
90.5
314.3
OCT.
MOT.
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
221.7
225.0
228.5
95.8
98.3
100.7
317.4
323.3
329.2
1984-JAN.
FEB.
BAR.
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
228.9
229.3
232.7
105.7
111.2
114.2
334.6
340.5
346.9
APfi.
HAT
JUNE
245.4
244.3
244-9
151.0
150.2
148.0
396.4
394.6
392.9
130.5
129.9
129.7
178.1
178.3
178.9
308.7
308.2
308.6
356.5
360.5
365.4
454.2
457.2
463.7
610.7
817.6
829. 1
233.4
241.3
247.0
118.2
123.3
128.2
351.6
364.6
375.1
J01I
AUG.
SEPT.
243.9
242.6
243.8
145.3
141.2
139.5
389.2
383.8
383.4
128.9
126.4
124.7
177.8
17 3.4
171.9
3 06-7
299.6
296.7
370.8
377.6
381.6
473.1
482.6
490.8
843.9
860.2
872.4
251.5
255.6
258.7
132.9
136.9
136.9
384.4
392.6
395.6
1983-SEPT.
WEEK ENDING
1984
SEPT. 3
10
17
24
OCT.
1/
2/
3/
4/
1
8
15 P
22 P
243.1
244.6
244.5
242.9
125.2
125.5
124.8
124.1
379.7
380.6
381.4
382.4
256.4
256.2
257.7
260.5
243.5
245.1
246.7
247.3
124.3
124.9
124.3
123.6
363.1
383.9
384.0
384.0
261. 8
262.5
262.8
263.9
SAVINGS DEPOSITS EXCLUDE BHDAS.
SHALL DENOMINATION TIHE DBPOSITS — INCLUDING RETAIL EPS — ARE THOSE ISSUED IN AflOUHTS OF LESS TBAM $100,000. All
INDIVIDUAL RETIREMENT ACCOUNTS (IBA) AND KEOGH ACCOUNTS AT COflHERCIAL BAfcKS AND THRIFTS *RE SUBTRACTED FROH SHALL
TIME DEPOSITS.
LARGE DENOMINATION TIHE CSPOSITS ABE THOSE ISSUED IN AMOUNTS OF $100,000 OR BORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BT BONEY MARKET HOTUAL FUNDS, DEPOSITORY
INSTITUTIONS AND FOREIGN BANKS AID OFFICIAL INSTITUTIONS.
H.6 (506)
Table 5-conttnued
COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Term RPs
Date
1983-SBPT.
net
\J\»
JL.
NOV.
DEC.
1984-JAN.
pep
r c D.
HAS.
APR
AfrV.
M
AT
nix
JUNE
JULI
AUG.
SEPT.
Institution
only money
market fund*
at commercial
banks
at thrift
Institutions
total
Term
Eurodollars1
Savings
bonds
Non M3 Components of L
Short-term
Bankers
treasury
acceptances4
securities*
Components of Debt
Com mere ial
paper1
Federal debt*
Non-Federal*
debt
41.8
31.9
16. 1
48.0
90.7
70.4
216.6
43.7
123.5
1134.0
3932.8
42.8
43.5
43.2
30.6
35.3
36.4
16.7
18.1
19.6
47.3
53.4
56.0
86.8
91.7
93.4
70.7
71.0
71.3
216.4
215.7
222.7
42.9
43.3
44,7
124.8
128.Q
134.1
1147.6
1158.0
1170.2
3966.6
4000.8
4046.5
43*5
44.6
45.0
34.2
35.7
35*4
19.1
18.8
20.6
53.3
54.5
55.9
90.6
90.7
93.9
71.6
71.8
72.1
230.2
239.6
253.1
43.6
42.2
42.0
137.8
139.9
143.6
1189.8
1210.7
1223.6
4086.0
4110.6
4147. 1
45.0
45.3
45.7
36.2
35.7
32.5
23.6
25.9
27.1
59.8
61.6
59.6
93.3
93.3
88.2
72.3
72*6
72.8
246.2
240.8
249.0
42,4
44.7
46.2
148.9
154.7
161.1
1235-9
1248.7
1255.8
4190.6
4238.8
4288.6
46.1
46.2
46.9
31.4
34.3
35.0
28.2
29.1
29.8
59.6
63.4
64.7
86.6
84.5
83.2
73.0
256.0
46.5
164.2
1270.8
1295.8
4336.9
4379.2
46.2
46.0
46.4
47.0
35.0
33.3
34.4
36.3
48.8
49.1
51.3
53.0
35.8
35.7
35.8
37.4
IEEK ENDUGs
1984-SEPT. 3
10
17
24
OCT.
1/
2/
3/
4/
«i/
6/
1
8
15 P
22 P
TEHB EPS ABE THOSE ilTfl OBIG1NA1 flATOBITIBS GBEATEB THAN ONE DAI, EXCLUDING CONTINUING CONTRACTS AND BETAIL JPS.
TEBH EUBODOLLARS ABI THOSE «ITH OBIGIMAL MATURITIES GREATER THAN ONE DAI. CONSISTS OP THOSE ISSUED TO 0 S;• " | " « « BI
FOREIGN BRANCHES OF O.S. BANKS 1OHLDMIDE AND BY ALL BANKING OFFICES IN THE UNITED KINGDOfl AND CANADA. EXCLUDES THOSE HELD
£ , S ^ " F " J ? S ^
S ^ R E ^ S l N G BATUBITIES OF LISS THAN 12 MONTHS HELD BI CTHEB THAN DEPOSITOBI
INSTITUTIONS, FEDERAL RESERVE BANKS. HONEI BAFKET MUTUAL FUNDS, AND FOREIGN ENTITIES.
TUCTTTnTTrii<:
T H PpfnFR1T
NET OF BANKEES ACCEPTANCES HELD BT ACCEPTING BANKS, FEDERAL RESERVE BANKS, fCREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOSE LOAN BANK SISTEM AMD HOHEI BABKET HUTUAL FUNDS,
TOTAT CGHHERCIAL £AF*E LESS COMMERCIAL PIPER HELD BI MONET flARKET MUTUAL F0NDS.
DEB? D « A " B " 5 " B S « T H M « E S " E B K I S . DERIVED BY MBBMilMG END-OP-HCITH LBKIS OF »DJ*C£HT HOHTHS, AND HAVE BEE»
ADJUSTED TO REMOVE JDISCOBTIRUITIES.
H.6 (508)
Table 6
MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted
Demand deposits at banks due to
Date
totejft
U.S. government deposits
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
IRA and Keogh Accounts
time
and savings
deposits at
commercial
banks
foreign
commercial
banks
offtotat
Institutions
8.1
2.0
7.3
3.2
7.4
14.8
25.3
0.8
28.5
37.6
5.0
71. 1
OCT.
HOY.
DEC.
8.0
8. 4
6.2
1.9
2.0
2.0
7.1
7.2
7.1
2.7
2.7
3.0
7.1
2.9
3.6
22.0
31.8
10.4
14.4
0.8
0.7
0.7
28.9
29.5
30.1
37.8
38.3
39.5
5.1
4.7
7.8
5. 1
5.0
71.8
72.9
74.6
1984-JAH.
FEB.
BAR.
8.3
8.5
8.1
1.8
1.9
1.9
7.0
6.8
6.9
3.1
3.1
3.0
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
5.5
5.7
77.3
81.0
85.0
APR.
1.7
1.9
11.8
7.2
7.4
7.5
3.8
2.7
3.9
7.5
4.2
3.8
12.7
10.0
JOVB
6.0
8.2
8.1
24.0
16.9
16.1
0.9
0.9
0.8
38.3
39.5
40.1
47.6
49.2
50.0
6.2
6.3
6.2
92. 1
95.0
96.3
JOLT
AOG.
SEPT.
8.2
8.0
8.0
1.8
1.8
1.9
7.3
7.5
7.6
2.8
2.9
3.4
4.0
3.6
6.2
9.0
7.5
15.8
13.9
23.7
0.8
0.8
0.6
40.6
41.4
42.0
50.7
51.0
51.2
6.2
97.5
98. 7e
99. 5e
1.8
7.5
7.6
7.6
7**
2.3
3.2
4.8
3.3
4.1
3.9
5.6
8.4
14.0
14.6
20.9
32.5
0.8
0.8
0.8
0.8
7.5
7.3
7.2
7.3
2.6
2.8
2.9
2.6
7,7
4.6
3.7
3.1
32.1
16.0
10.7
11.8
0.8
0.8
0.9
0.9
1983-SEPT.
HAT
8.5
14.1
IEBK BIDIVGj
1984
SEFT. 3
10
17
24
OCT.
1
8
15 P
22 P
estimated
8.1
8.3
7.9
7.9
7.7
4.3
8.3
7.9
11.9
11.9
1-9
*.O
1.8
1.7
7.5
7.4
10.5
20.7
21.7
8.6
4.1
6.1
commmli
banks
HwfTl
institutions
money
market
mutual funds
6.3e
6.3e
total
@FedFRASER