Full text of H.6 Money Stock Measures : November 23, 1984
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FEDERAL RESERVE statistical release H.6 (508) Table 1 MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES NOVEHBEB Billions of dollars M1 Sum of currency, travelers checks, demand deposits and Data M3 M2 M2 plus M1 plus overnight RPS taiga tlma deposits, and Eurodollars, MMMF balances (gen. pur. tarm RPs, tarm Eurodollars and institution-only and broker/dealer), MMDAs, 23, L Debt M3 plus other Nquld assets4 Debt of domestic nonfinancial sectors5 time daposltsx Seasonally adjusted 1 9 8 3 — OCT. NOV. DEC. 521.7 523.1 525.4 2167.3 2182.2 2196.3 2658.9 2689.3 2710.4 3116.4 3147.2 3178.7 1984—JAIL FEB. HAB. APF. MAY JUNE JULY AUG. SEPT. OCT. P 530. 1 533.0 535.3 535.5 541.2 546.3 545.8 546.7 548.9 545.5 2206.8 2222.6 2230.0 2242.9 2258.6 2272.1 2281.9 2291.1 2305.7 2317.3 27 23.8 2747.0 2767.8 2792.4 2818.3 2839.5 2860.5 2872.1 2890.3 2916.3 3201.4 3231.6 3273.6 3299.3 3330.3 3371.3 3407.0 5124.7 5170.5 5224.6 5283.0 5341.8 5396.7 5455.8 5517.4 5571.6 5632.1 5693.8 5742.7 Not saasonatty adjustad 1983--OCT. NOV. DEC* 522.4 526.8 537.9 2167.2 2181.3 2198.1 2657.6 2690.4 2716.5 3112.4 3148.4 3189.4 5114.4 5158.6 5218.6 1984—JAN. FEB. MAE. APfi. HAY JUNE JULY AUG. SEPT. OCT. P 535.0 522.0 528.2 543.3 535.0 545.6 547.5 542.7 546.3 546.0 2210.6 2212.5 2231.0 2254.7 2253.5 2273.9 2287.0 2288.5 2299.2 2316.6 2729.7 2739.7 2769.0 2800.9 2813.6 2838.2 2859.3 2870.2 2884.6 2914.4 3212.9 3233.1 3279.9 3310.8 3326.2 3367.4 3399.0 5276.0 5322.6 5373.2 5430.2 5491.9 5550.9 5613.0 5675.6 5731.4 M1 For period ended 13-week averaoe 1984-OCT. 1 8 15 22 29 MO?. 5 P 12 P NOTE: Seasonally adjustad * «- ———»—— Not seasonally adjusted ^^^ M M r t r i i 547.1 547.0 547.0 547.0 547. 1 549.2 547.2 546.8 546.3 545.2 548.0 545.4 547.2 544.5 543.8 545.4 544.9 544.9 544.9 545. 1 546.5 545. 1 545.6 547.0 545.8 540 4 552 1 553. 4 542. 0 535.6 547.0 546.9 545.6 545.1 546.7 545.4 545.4 545.9 546.0 546.4 553. 1 554.7 SPECIAL CAUTION SBODLD BE TAKEN IN IMTBHPBETIMG IBB*-TO-HSEK CHANGES IN HONEY SUPPLY DATA, 8HICH Afi£ HIGHLY VOLATILE AND SUBJECT TO REVISION. P—INDICATES PKLIHINAHY 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 M3 M2 Debt1 3 MONTHS FROM JULY 1984 TO OCT. 1984 -0.2 6.2 7.8 12*3 6 MONTHS FROM APR. 1984 TO OCT. 1984 3.7 6.6 8.9 12.$ 12 MONTHS FROM OCT. 1983 TO OCT. 1984 4.6 6.9 9.7 13,0 THIRTEEN WEEKS ENDING NOV. 12, 1984 FROM THIRTEEN WEEKS ENDING: 1/ 1/ 2/ 3/ 4/ 5/ AUG. 13, 1984 (13 WEEKS PREVIOUS) 1.0 HAY 14, 1984 (26 iEBKS PREVIOUS) 4. 1 NOV. 14, 1983 (52 NEEKS PREVIOUS) 5.1 GROWTH RATES FOR DEBT AfiE BASED ON PERIODS BEGINNING AND ENDING ONE MONTH EABLIEH THAN FOB THE MONETARY AGGREGATES, NAMELY, JUNE 1984 TO SEPTEMBER 1984, MABCH 1984 TO SEPTEMBER 1984, AND SEPTEMBER 1983 TO SEPTEMBER 1984, RESPECTIVELY. FOOTNOTES TO TABLE 1 COHSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF COMMERCIAL BANKS; (2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSB DUE TO DOMESTIC BANKS, 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 (OCD) CONSISTING OF NEGOTIABLE ORDER OF WITHDRAWAL (NOW) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEMAND DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES. CONSISTS OF M1 PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE, MMDAS, SAVINGS AND 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 IRA AND KEOGH BALANCES AT DEPOSITORY INSTITUTIONS AND HONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMERCIAL BANKS, MONEY MARKET FiJlUDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND THE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS. CONSISTS OF M2 PLUS LARGE DENOMINATION TINE DEPOSITS (IN AMOUNTS OF $100,000 OR 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 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 A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY MONEY 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 HONEY MARKET MUTUAL FUND HOLDINGS OF 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 OTHER DEBT INSTRUMENTS. THE DATA ABE DERIVED FfiOR THE FEDERAL RESERVE BOARDIS FLOW CF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC NONFINANCIAL SECTORS ARE PRESENTED IN MONTH-AVEhAGE 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 DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FEOM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED IN IN THE FEDERAL RESERVE RELEASES 2.7 AND Z.I. IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ABB MEASURED ON A A QUARTEL-END BASIS AND INCLUDE DISCONTINUITIES. H.t| COMPONENTS OF THE MONET STOCK doNara, S I—HumwmmluiH—I O*ar man* In Ml anty* 1983-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 i 136.1 134.6 180.2 179.2 178.2 317. 1 315.4 312.9 34U.8 350.0 353. 1 428.2 435.5 44Q.0 773.0 78 5.5 79 3. 1 La*N>**sasaairite" at tata) tank»* 315. 1 221.2 93.V 320.3 96.6 223.7 325.4 100.4 225. 1 1984-JAN. FEB. HAS. 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. HAT 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 1725.7 549.5 559.7 567.4 128.6 128.2 128.0 176.9 177.3 177.1 305.5 305.5 305. 1 356.0 360.5 365.7 452.4 456.1 463.3 808.3 816.7 829.0 236.0 243.4 249.4 119.5 123.8 129.4 355.5 367.3 378. 8 JOLT AUG. SEPT. OCT. P 155.0 156.0 156.7 157.2 5.2 5.2 5.1 5.0 247.1 245.5 246.4 243.8 138.5 139.9 140.8 139.6 1736.1 1744.4 1756.8 1771.8 578.5 581.0 584.6 599.0 127.4 126.3 125.9 125.2 175.6 173.4 173.0 172.3 303.0 299.8 298.9 297.4 371.8 377.8 382.3 384.5 473.3 484.2 492.3 500.6 845.2 862.0 874.5 885.2 254.8 255.3 257.8 262.4 134.2 136.7 135. 1 138.7 389.0 391.9 392.9 401. 1 oQfuai Da* ofcaoto* taniN Mma ataoiMta" at at •rant at fatal * at thrift fatal aonto tanas VEEK ENDING 1984 OCT. NOV. 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 1 8 15 22 29 157.3 157.1 157.3 157.4 157.6 247.3 243.1 245.1 242.5 242.7 138.3 140.2 139.9 139.6 138.6 125.4 125.7 125.4 125. 1 124.7 384.4 385.0 384.7 384.4 384.3 260.4 261.4 262.2 263.3 263.2 5P 12 P 156.9 157.4 244.8 243.7 140.2 139.4 124.9 124.9 385.4 385.8 262.7 262.6 CORRBNCT OUTSIDE THE O.S. TREASURY, FEDERAL RESERVE BANKS AMD TAULTS OF COHHERCIAL BAMKS. EXCL0DIS THE ESTIHATED AHOURT OF fAOLT CASH HELD BT TH1IFT IHSTITUTIORS TO SERflCE THEIF OCD LIABILITIES. O0TSTA1DIIG ABOOMT OF U.S. DOLLAR-D1ROHIRATED TBAfELERS CHECKS OF HORBARK ISSUERS. TRAfELElS CHECKS ISSUED BT DEPOSITORY IHSTITUTIORS ABE IHCLUDED IR DEHARD DEPOSITS. DBHARD DEPOSITS AT COHHEBCIAL BARKS ARD FOHEIGR RELATED IRSTITOTIORS OTHER THAR THOSE DOE TO DOR8STIC BARKS, THE U.S. GOVERRHERT ARD FOREIGN BARKS ARD OFFICIAL IHSTITUTIORS LESS CASH ITEHS IR THE PROCESS OF COLLECTION ARD FEDERAL RESEBTE FLOAT. EXCLUDES THE ESTIHATBD AHOORT OF DEHABD DEPOSITS HELD AT COHHERCIAL BARKS BT THRIFT IRSTITOTIORS TO SERTICE THEIR OCD LIABILITIES* CORSISTS OF RON ARD ATS BALANCES AT ALL DEPOSITORT IHSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLT ADJUSTED EQUALS THE DIFFERENCE BETIEEN THE SEASONALLT ADJOSTBD SOH OF DEHAND DEPOSITS PLUS OCD AND SEASONALLT ADJUSTED DEHAND DEPOSITS. INCLUDED ARE ALL CEILING FREE "SUPER MOWS," AUTHORIZED BT THE DEPOSITORT INSTITUTIONS DEREGULATION COHHITTEE TO BE OFFERED BEGINNING JANUART 5, 1983. SOH OF OTERNIGHT RPS AND OTERNIGHT EURODOLLARS, HONET HARKET FUND BALANCES (GENERAL PORPOSE AND BROKER/DEALER). HHDAS, AND SAVINGS AND SHALL TIHB DEPOSITS, LESS THE CONSOLIDATION ADJUSTHBNT THAT REPRESENTS THE ESTIHATED AHOOHT OF DEHAND DEPOSITS AND VAULT CASH HELD BI THRIFT INSTITUTIONS TO SERVICE THEIR TIHB AND SAVINGS DEPOSITS LIABILITIES. SOH OF LARGE TIHE DEPOSITS, TERH RPS AND TERH EURODOLLARS OF U.S. RESIDBNTS, HONET HARKET FUND BALANCES (INSTITUTIONOHLT), LESS A CONSOLIDATION ADJUSTHENT THAT REPRESENTS THE ESTIHATED AHOUNT OF OVERNIGHT BPS AND EORODOLLARS HELD BT INSTITUTIOH-ONLT HONET HARKET FUNDS. SAVINGS DEPOSITS EXCLUDE HHDAS. SHALL DBNOHINATIOH TIHE DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUED IN AHOUNTS OF LESS THAN $100,000. ALL INDIVIDUAL RETIREHENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COHHERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROH SHALL TIHE DEPOSITS. LARGE DENOHINATIOH TIHE DEPOSITS ARE THOSE ISSUED IN AHOUNTS OF $100,000 OR HORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL BANKING FACILITIES. LARGE DENOHIHATION TIHE DEPOSITS AT COHHERCIAL BANKS LESS THOSE HELD BT HONEI HARKET HUTUAL FUNDS, DEPOSITORY INSTITUTIONS AHD FOREIGM BANKS AHD OFFICIAL INSTITUTIONS. H.6 (506) Table 4 COMPONENTS OF LIQUID ASSETS AND DEBT Billions of dollars, seasonally adjusted Date savings bonds Non-M3 components of L bankers acceptances1 short-term treasury securities1 commercial paper4 Debt components4 federal debt non-federal debt 70.5 221.5 43.7 125.3 1137. 1 3943.0 OCT. MOV. DEC. 70.7 70.8 7U0 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 4006.9 4051.6 1984-JAN. FEB. MAE. 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 4090.7 4125.6 4171.8 APB. HAT JOVE 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 1252.2 1259.9 4219.3 4265.2 4311.7 JULY AUG. SEPT. 73.2 262.8 47.3 163.2 1276.8 1300.1 1310.9 4355.3 4393.7 4431.8 1983-SEPT. 1/ 2/ 3/ 4/ P CONSISTS OP O.S. TREASURY BILLS AMD COUPONS WITH REMAINING HATORITIES OF LESS THAN 12 MOUTHS HELD BT OTHER THAU DEPOSITORY INSTITUTIONS, FEDERAL RESERVE BANKS, HONEY 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 HONEY MARKET MUTUAL FUNDS. TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY HONEY MARKET MUTUAL FUNDS. DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN ADJUSTED TO REMOVE DISCONTINUITIES. M.6(50e) 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 deposits' 4.8 4.6 244.8 245.2 251.6 94.3 32.8 95.6 97.7 33.4 33.6 127. 1 129.0 131.3 1644.8 1654.5 99.2 97.8 99.7 33.4 33.3 34.5 132.6 131. 1 134.2 at commercial banks4 at thrift institutions* In M2* in M3 only7 Overnight Eurodollars* General purpose and broker/dealer money market funds 1660.2 490.3 509. 1 518.4 45.3 44. 9 4U.8 11.7 10.3 11.4 137.5 138.8 138.2 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. 1 144.8 139.1 135.9 138.3 1711.4 1718.5 1728.3 546.2 560.0 564.3 46.4 47.0 43.9 11.1 145.9 146.5 148.9 37.6 37.4 38.0 138.0 137.6 139. 1 1739.5 1745.8 1752.9 572.3 581.7 585.4 43.2 45.2 44.1 13.7 13.6 12.6 150.5 151.9 100.9 38.5 139.4 1770.6 597.8 44.6 12.0 155.5 1983-OCT. NOV. DEC. 145.7 147.9 150.5 1984-JAN. FEB. MAR. 148.4 148.3 149.8 4.6 4.7 249.4 237.9 239.4 APR. 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 JULY AUG. SEPT. 156.3 156.5 156.5 5.8 5.7 5.4 247.5 242.9 245.3 100.4 100.2 101.2 OCT. P 156.8 5.0 244.9 4.6 total Overnight RPs* 12.1 12.6 150.5 WEEK ENDING: 1984-OCT. NOV. 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 8 15 22 29 155.3 158. 1 157.3 156.6 155.6 243.6 247.2 250.0 242.1 238.9 98.8 102.6 102.3 100.3 98.8 37.4 39.2 38.9 38. 1 37.4 136.3 141.8 141. 1 138.4 136.3 43.5 42.5 43.6 44.7 46.3 12.4 11.9 10.8 12.7 12.7 152.7 153.2 155.3 156.4 156.8 5P 12 P 157.6 159.2 248.7 247.8 102.4 103.2 39.6 39.7 142.0 143.0 49.1 48.2 10.6 10.5 158.2 160.7 1 CURRENCY OUTSIDE THE U.S* TREASURY, FEDERAL RESERVE BANKS AND THE VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR 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 AID 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 SUPER NOBS OF $32.2 BILLION IN THE WEEK ENDED OCTOBER 29, S33.0 BILLION IN THE WEEK ENDED NOVEMBER 5, AND $33.4 BILLION IN THE SEEK ENDED NOVEMBER 12. CONSISTS OF NOI AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOUS OF $12.0 BILLION IN THE VEEK ENDED OCTOBER 29, $12.6 BILLION IN THE WEEK ENDED NOVEMBER 5, AND $12.6 BILLION IN THE VEEK ENDED NOVEMBER 12. 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 TINE AND SAVINGS DEPOSIT LIABILITIES. SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, MONEY 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 BANKS 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 OTHER THAN DEPOSITORY INSTITUTIONS AND HONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER) M.6 (508) Table 5-contlnued COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT Billions of dollars, not seasonally adjusted Date Money market depoelt accounts at at total commercial thrift banks institutions at commercial banks JSavings deposits at thrift institutions total Small denomination time deposits' at at commercial total thrift banks institutions Large denomination time deposits 3 at at thrift commercial total 4 banks institutions 1983-OCT. NOV. 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. HAH. 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 3 07.4 305.2 3 07.2 353.7 355.4 356.0 445. 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 APR. HAT JUIE 245.4 244.3 244.9 151.0 150.2 148.0 396. 4 394. 6 392. 9 130.5 129.9 129.7 178.1 178.3 178.8 308.7 308.2 308.5 356.5 360.5 365.4 454. 2 457. 2 463. 7 810. 7 817. 6 829. 0 233.4 241.3 247.0 118. 2 123. 3 128. 2 351. 6 364. 6 375. 1 JOLT AUG. SEPT. 243.9 242.6 243.8 145.3 141.2 139.6 389. 2 383. 8 383. 4 128.9 126.4 124.7 177.7 173.4 171.9 306.7 299.7 296.7 370.8 377.6 381.6 473. 1 482. 6 490. 2 843. 9 860. 2 871. 9 251.5 255.6 258.7 132. 9 136. 9 136. 9 384. 5 392. 5 395. 6 OCT. P 247.2 139.7 386. 9 123.8 172.0 295.8 383.9 499. 8 883. 6 263.3 141. 7 405. 0 WEEK ENDING 1981 OCT. NOT. 1/ 2/ 3/ 4/ 1 8 15 22 29 243.5 245.1 246.7 247.3 249.0 124.3 124.9 124.3 123.5 122.7 383.1 383.9 383.9 383.8 383.8 261.7 262.4 262.8 263.8 264.4 5 P 12 P 251.6 254.5 122.9 122.8 384.7 385. 1 262.9 263.5 SAYINGS DEPOSITS EXCLUDE HHDAS. SMALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL RPS — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. ALL INDIVIDUAL RETIREMENT ACCOUNTS (IRA) A.ND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SHALL TIME DEPOSITS. LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSF BOOKED AT INTERNATIONAL BANKING FACILITIES (IBFS). LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HRLD BY MONEY MARKET MUTUAL FUNDS, DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. Table 5-contlnued COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT Billions of dollars, not seasonally adjusted lerm RPs1 Dale Institution only money market funds at commercial banks at thrift Institutions total Term Eurodollar!* Savings bonds Non M3 Components of I Short-term treasury Bankers acceptances4 securities1 Components of Debt Cof«merc4a4 Federal debt* Non-Federal* debt 1983-OCT. NOV. DEC. 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 44.7 124.8 128.0 134.1 1147.6 1158.0 1170.2 3966.8 4000.6 4048.4 1984-JAN. FEB. MAR. 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 4086.3 4111.9 4149.6 APR. HAT JUNE 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 4194.3 4243. 1 4295. 1 JULY AUG. SEPT. 46.1 46.2 46.9 31.4 34.3 34.9 28.2 29.1 29.8 59.6 63.4 64.7 86.6 84.5 83.1 73.0 256.0 46.5 164.2 1270.8 1295.8 1310.5 4342,2 4379.9 4420.9 52.2 36.9 30.4 67.3 78.5 48.8 49.1 51.3 53.0 54.9 35.8 35.6 35.7 37.4 38.6 55.0 57.3 39.1 39.8 OCT. P WEEK ENDING: 1984-OCT. 1 8 15 22 29 NOT. 5 P 12 P 1/ 2/ TERM RPS ABE THOSE WITH OBIGINAL MATURITIES GREATER THAN ONE OAT, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS. TBRH EURODOLLARS ARE THOSE WITH ORIGINAL BATURITIES GREATER THAN ONE DAT. CONSISTS OP THOSE ISSUED TO U.S. RESIDENTS BT FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE AND BT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD BT DEPOSITOBT INSTITUTIONS AND HONET BARRET BUTUAL FUNDS. 3/ CONSISTS OF U.S. TREASURT BILLS AND COUPONS WITH REBAINING MATURITIES OF LESS THAN 12 MONTHS HELD BT OTHER THAN DEPOSITOR! INSTITUTIONS, FEDERAL RESERYE BANKS, BONET BARKET BUTUAL FUNDS, AND FOREIGN ENTITIES. 4/ NET OF BANKERS ACCEPTANCES HELD BT ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HONE LOAN BANK SYSTEM AND BONET BARKET MUTUAL FUNDS. 5/ TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPEfi HELD BT BONET BARKET BUTUAL FUNDS. 6/ DEBT DATA ARE ON A HONTHLT AVERAGE BASIS, DERIVED Blf AVERAGING END-OF-flONTH LEVELS OF ADJACENT BONTHS, AND HAVE BEEN ADJUSTED TO REBOVE DISCONTINUITIES. H.6(508) Table 6 MEMORANDUM ITEMS Billions of dollars, not seasonally adjusted Demand deposits at banks due to Date U.S. government deposits I«A and Keogh Accounts Time and savings deposits due to foreign commercial banks and foreign official institutions demand deposits at commercial banks balances at Federal Reserve Banks 7.1 7.2 7.1 2.7 2.7 3.0 7. 1 22.0 2.9 3.6 4.7 7.8 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 5. 1 5.0 71.8 72.9 74.6 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 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 *2. 1 95.0 96.3 0.8 0.8 0.8 40.6 41.4 42.0 50.7 51.0 51.7 6.2 6. 3e 6.3e 97.5 98. 7e 100. Oe 42.5 52.8 6.4e 101. 7e note balances at commercial banks and thrift institutions total demand deposits and note and FR balances time and savings deposits at commercial banks foreign commercial banks foreign official Institutions NOV. DEC. 8.0 8.4 8.2 1.9 2.0 2.0 1984-JAM. FEB. HAB. 8.3 8.5 8.1 1.8 1.9 1.9 7.0 6.8 6.9 APfi. . BAT JOHE 8.0 8.2 8.1 1.7 1.9 1.8 7.2 7.4 7.5 3.8 2.7 3.9 7.5 4.2 3.8 12.7 10.0 JQLT AUG. 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 14.1 15.8 13.9 23.7 OCT. P 8.1 1.7 7.3 2.6 3.9 8.4 14.9 0.9 7.7 7.7 4.6 3.7 21.7 32. 1 16.0 10.7 11.8 17.5 0.8 0.8 0.9 0.9 0.9 19.3 13.7 1.0 1.0 1983-OCT. . 3. 1 8.5 WEEK BRDIV6: 1984 OCT. HOT. 1 8 15 22 29 8.3 8.3 7.9 8.0 2.0 1.7 1.8 1.7 1.7 7.5 7.3 7.2 7.3 7.2 2.6 2.6 2.9 2.6 2.2 3.8 11.5 5 P 12 P 8.5 8.8 1.9 2.0 7.3 7.4 3.0 2.7 3.2 13.0 3. 1 7.8 e = estimated 3. 1 8.6 4.1 6.1 commercial banks thrift institutions money market mutual funds total