Full text of H.6 Money Stock Measures : November 29, 1984

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 (506)

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

IOYEHBER

•HMons (X I
M1

Sum of currency,
travelers checks,
demand deposits and
other checkable depoeits1

Date

M2
M1 plus overnight RPs
and Eurodollars,
MMMF balances (gen. pur.
and broker/dealer), MMOAs,
and savings and small
time deposits2

M3
M2 plus
large time deposits,
term RPs, term Eurodollars
and institution-only
MMMF balances3

29,

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinanciai sectors5

19?U

Seasonally adjusted

1983—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

5124.7
5170.5
5224.6

1984—JAN.
FEB.
BAB.
APR.

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
2305.8
2317.2

2723.8
2747.0
2767.8
2792.4
2818,3
2839.5
2860.5
2872.2
2890.6
2917.3

3201.4
3231.6
3273.6
3299.3
3330.3
3371.3
3407.0

5282.8
5341.7
5396.7
5455.9
5517.6
5571.7
5632. 2
5694.0
5742.8

HAY

JUNE
JOLT
AUG.
SEPT.
OCT.

Not seasonally adjusted

1983—OCT.
NOV.
DEC.

522.4
526.8
537.9

2167.2
2181.3
2198.1

2657.6
2690.4
2716.5

3112.4
3146.4
3189,4

5114.4
5158.5
5218.5

1984—JAN.
FEB.
HAB.
APR.

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
2299.4
2316.5

2729.7
27 39.7
2769.0
2800.9
2813.6
2838.2
2859.4
2870.3
2884.9
2915.4

3212.9
3233.1
3279.9
3310.8
3326,2
3367.4
3399.1

5276.0
5322.5
5373.1
54 30. 1
5491.8
5550.9
5613.0
5675.8
5731.5

HAY

JUNE
JULY
AUG.
SEPT.
OCT.

M1

For period ended
13-week average

1984-OCT.

NOTE:

week average

15
22
29

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
54 3.8

5
12 P
19 P

547.0
546.9
547.3

545.6
545.1
547.0

546.8
54 5.4
552. 1

1
8

NOV.

Seasonally adjusted
4-week average

13-week average

Not seasonally adjusted
4-week average

week average

545.4
544.9
544. 9
544. 9
545.1

546.5
545.1
545.6
547.0
545.9

540. 4

54b. 4
545. 9
546.9

546. 1
546.4
550.1

553. 1
554.7
556.9

552.3
553. U
5*2.0
535.7

SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING WEEK-TO-WEEK CHANGES IN HONEY SUPPLY DATA, WHICH ABE
HIGHLY VOLATILE AND SUBJECT TO REVISION.
P—INDICATES PRELIfllNAfiY DATA.
FOOTNOTES APPEAR ON THE FOLLOWING PAGLE




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 JULY

1984 TO OCT. 1984

-0.2

6.2

7,9

12.3

6 MOUTHS FROM APR*

1984 TO OCT. 1984

3.7

6.6

8.9

12. a

12 MONTHS FROfl OCT.

1983 TO OCT. 1984

4.6

6.9

9.7

13.0

THIRTEEN KEEKS ENDING NOV. 19, 1984
FROH THIRTEEN SEEKS ENDING:

1/

1/

2/

3/

4/
5/




AUG.

20, 1984 (13 KEEKS PREVIOUS)

1. 1

HAT

21, 1984 (26 KEEKS PREVIOUS)

4.0

NOV.

21, 1983 (52 KEEKS PREVIOUS)

5. 1

GROWTH RATES FOR DEBT ARE BASED ON PERIODS BEGINNING AND ENDING ONE MONTH EARLIER THAN FOR THE MONETARY AGGREGATES,
NAMELY, JUNE 1984 TO SEPTEMBER 1984, MARCH 1984 TO SEPTEMBER 1984, AND SEPTEMBER 1983 TO SEPTEMBER 1984, RESPECTIVELY.
FOOTNOTES TO TABLB 1
CONSISTS 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 THOSE 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 KITHDRAKAL (MOK) 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 H1 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 KORLDHIDE, MHDAS, 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 HONEY MARKET MUTUAL FUNDS. EXCLUDES 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. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIPT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF M2 PLUS LARGE DENOMINATION TIME 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, 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 MARKET MUTUAL FOND HOLDINGS OF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AMD 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 BOARDS FLOW CF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC
NONFINANCIAL SECTORS ARE PRESENTED IN MONTH-AVERAGE FORfl, 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 OP FUNDS STATISTICS.
THE PRESENTATION OP DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FROM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED IN
IN THE FEDERAL RESERVE RELEASES Z. 7 AND Z.I. IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE MEASURED ON A
A QUARTER-END BASIS AND INCLUDE DISCONTINUITIES.

H.*<rat

COMPONENTS OF THE MOMIY STOCK
Hontrawaacttowa

Twatort

Deft*

Damand
a^aoaato*

Other
ohackaMa
In ttf*

only*

1983-OCT.
NOV.
DEC.

146.0
147.2
146.0

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

1984-JAN.
FEB.
MAH.

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

APR.
MAY
JUNE

15K8
152.9
154.2

5.1
5.1
5.1

245.3
245.2
248.2

133. 3
138.0
138.8

JULY
AUG.
SEPT.
OCT.

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

Satactad nontfaftaactiooa M U M
lmf» »*— -•
«*-j

'

•*

I

oanaa
137.0

tttrtft
kwtHutiof«

L M UM

at

MffKt dtfMlMs*
at
ttwtft
total

at

at

total

QOfVMIIMCMM
banfea

tint ft

total

commercial
tente"

428.2
435.5
440.0

773.0
785.5
793. 1

221.2
223.7
225. 1

93.9
96.6
100.4

325.4

315. 1
320.3

136. 1
134.6

180.2
179.2
178.2

317. 1
315.4

312.9

344.8
350.0
353. 1

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

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
36 7. 3
378.8

1736.1
1744.4
1756.9
1771.8

578.6
581. 1
584*8
600. 1

127.4
126.3
125.9
125.2

175, t>
173.4
173,0
172.2

303.0
299. 8
298. 9
297. <*

371.8
377.9
382.3
384. 4

473. 3
484.2
492.3
500. 6

845.2
862.0
874.5
885.0

254.8
255.3
257.8
262.3

134.2
136.7
1J5, 1
138.7

389. 0
391.9
392.9
401. 1

!
|
!
!

WEEK 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
138.7

! 125.4
! 125.7
125.4
125. 1
124. 7

384.4
385.0
384.7
3 84.3
384.2

260. H
261.4
262.2
263.3
26 3.2

5
12 P
19 P

1 56.9
157.4

244.7
243.6
248. 3

140.2
139.5
141. 5

124.9
124. 9
124.8

385.3
38S.7
385.6

262.9
262.7
260.7

157.5

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND 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 AND FOREIGN RELATED INSTITUTIONS 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 FEDERAL RESERVE FLOAT.
EXCLUDES 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 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 "SUPEJ* NOUS," AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEREGULATION COMMITTEE TO BE OFFERED BEGINNING JANUARY 5,
1983.
SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER);
NMDAS, AND SAVINGS AND SMALL 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 AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY
INSTITUTION-ONLY MONEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE MMDAS.
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 FPOM SMALL
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 MONEY MARKET MUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (508)
Table 4

COMPONENTS OF LIQUID ASSETS AND DEBT
Billion* of dollars, seasonally adjusted

Date

2/
3/
4/

Non-M3 components of L
bankers acceptances1
short-term treasury
securities1

commercial paper*

Debt components4
federal debt
non-federal debt

70.5

221.5

43.7

125.3

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
4006.9
4051.6

1984-JAN.
FEB.
HAH.

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

4090.6
4125.5
4171.8

APB.
HAI
JUNE

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

4219.4
4265.4
4311.8

JULY
AUG.
SEPT,

73.2

262.8

47.3

163.2

1276.8
1300.1
1310.9

4355.4
4393.9
4431.8

1983-SEPT.

1/

savings bonds

CONSISTS OP O.S. TREASURY BILLS AND COUPONS VITH REMAINING MATURITIES OF LESS THAN 12 BONTHS HELD BY OTHER THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, HONEY flARKET HUTUAL FUNDS AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, F0SEI6N OFFICIAL INSTITUTIONS, THE FEDERAL
SOME LOAN BANK SYSTBH AND HONEY HARKET HUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COHHERCIAL PAPER HELD BY HONEY HARKET HUTUAL FUNDS.
DEBT DATA ARE ON A HONTHLY AVERAGE BASIS, DERIVED BY AVERAGING E1D-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REHOVE 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

1

Currency

Travelers
checks2

Demand
deposits3

at commercial
banks4

at thrift
institutions5

total

in M2

6

in M3 only

7

Overnight
RPs«

Overnight
Eurodollars9

General
purpose and
broker/dealer
money market
funds

1983-OCT.
NOV.
DEC.

145.7
147.9
150.5

4.8
4.6
4.6

244.8
245.2
251.6

94.3
95.6
97.7

32. 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.
FEB.
MAR.

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

APR.

4.8

JUNE

151.5
152.9
154.9

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

JULT
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

37. 6
37.4
38.0

138.0
137.6
139. 1

1739.5
1745.8
1753.1

572.4
581.8
585.6

43.2
45.2
44. 1

13.7
13.6
12.7

150.5
150.5
151. 9

OCT.

156.7

5.0

244.9

100.9

38.4

139.4

1770.6

598.9

44.6

12.2

155.5

HAY

KEEK ENDING:
1984-OCT.

NOV.

1/
2/
3/
4/
5/
6/
7/
8/
9/

1
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
37.5

136.3
141.8
141. 1
138. 4
136.3

43.5
42.5
43.6
44.7
46. 3

12.6
12.2
11.0
12.9
12.9

152.7
153.2
155.3
156.4
156.8

5
12 P
19 P

157,6
159.2
158.6

248.7
247.7
251.5

102.4
103. 3
102.7

39.7
39. 8
39.5

142. 1
143. 1
142. 1

49. 1
48. 6
51.3

10.8
10.7
10.5

158.2
160.7
162. 2

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 HONBANK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT, LESS THE ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIfl OCD LIABILITIES.
CONSISTS OF NOW AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPEh NOWS OF $33.0 BILLION IN THE WEEK ENDED NOVEMBER 5, $33.4 BILLION IN THE WEEK ENDED NOVEMBER
12, AND $33.6 BILLION IN THE HEEK ENDED NOVEMBER 19.
CONSISTS OF NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOKS OF $12.7 BILLION IN THE WEEK ENDED NOVEMBER 5, $12.7
BILLION IN THE HEEK ENDED NOVEMBER 12, AND $12.6 BILLION IN THE HEEK ENDED NOVEMBER 19.
SUM OF OVERNIGHT RPS AND EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), MMDAS AND SAVINGS
AND SMALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAI REPRESENTS THE ESTIMATED AMOUNT OF OVEKNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY
MONEY MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTACT RPS ISSNED DY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS (GENERAL PUhPOSK AND BROKEF/DEALEK).
LSSUF.D BY FOREIGN BLANCHES OF U.S. BANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
MONEY WARKET MUTUAL FUNDS (GENEHAL PUBPOSF AND BROKEfx/DKA LER) .




H.6(506)
Table 5-contlnued

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

Data

Money market deposit accounts
at
at
commercial
thrift
total
banks
Institutions

at
commercial
banks

Savings deposits
at
thrift
institutions

total

Smalt denomination time deposits2
at
at
thrift
commercial
total
banks
institutions

Large denomination time deposits9
at
at
thrift
total
commercial
4
institutions
banks

1983-OCT.
NOT.
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-JAI.
FEB.
MIR.

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

APE.
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
iOG.
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
395.5

OCT.

247.2

139. 6

386. 8

123.8

171.9

295. 8

383.8

499.7

883. 5

263.2

141.7

404.9

HAT

BEER SIDING
198*
OCT.

HOT.

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
383,8
383.8
383.8
383.7

261.7
262.4
262.8
263.8
264.4

5
12 P
19 P

251.6
254.5
256.1

122.9
122.8
122.4

384.6
384.9
384.7

263.0
263.5
262. 1

SAVINGS DEPOSITS EXCLUDE BHDAS.
SHALL DENOMINATION TIflE DEPOSITS — INCLUDING RETAIL RPS — ARE THOSE ISSUED IN AHOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIEEHENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COHHERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROH SHALL
TIflE DEPOSITS.
LARGE DENOHINATION TIHE DEPOSITS ARE THOSE ISSUED IN AHOUNTS OF $100,000 OR HORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOHINATION- TIHE DEPOSITS AT COHHERCIAL BANKS LESS THOSE HELD 81 HONEY HARKET HUTUAL FUNDS, DEPOSITORY
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.«(506)
Table 5-conttnued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
lerm RPs
Dete

Institution
only money

at commercial

at thrift

market funds

banks

Institutions

total

Term

Saving*

Eurodollars1

bonds

Non M3 Components of L
Short-term
Bankers
treasury
securities*
acceptances

Components of Debt
Commercial
*
paper

^_^
Federal debt

Non-Federal*
debt

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
4000.5
4048.3

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

4086.2
4111.8
4149.5

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

4194.2
4243.1
4295. 1

JOLT
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

86.7
84.6
83.3

73.0

256.0

46.5

164.2

1270.8
1295.8
1310.5

4342.2
4380.0
4421.0

OCT.

52.2

36.9

30.4

67.3

79.6

1
8
15
22
29

48.8
49.1
51.3
53.0
54.9

35.8
35.6
35.7
37.4
38.6

5
12 P
19 P

55.0
57.3
58.6

39.1
39.6
35.8

1983-OCT.
MOT.
DEC.

42.8
43.5
43.2

30.6
35.3
36.4

16.7

1984-JAN.
FEB.
HAR.

43.5
44.6
45.0

APE.
HAT
JUNE

18.1

WEEK ENDING:
1984-OCT.

HOT.

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

TERM BPS ABE TBOSE WITH ORIGINAL MATURITIES GREATER THAW ONE DAT, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS.
TERH EURODOLLARS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAT. CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS BT
FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE AND BT ALL BANKING OFFICES IN THE UNITED KINGDOH AND CANADA. EXCLUDES THOSE HELD
BT DEPOSITORT INSTITUTIONS AND HONET MARKET MUTUAL FUNDS.
CONSISTS OF U.S. TREASORT BILLS AND COUPONS WITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BI OTHER THAN DEPOSITORI
INSTITUTIONS, FEDERAL RESERVE BANKS, MONET MARKET MUTUAL FUNDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BT ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK STSTEH AND MONET MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPEB LESS COMMERCIAL PAPER HELD BT HONET MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A HONTHLT AVERAGE BASIS, DERIVED BT AVERAGING END-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6 (508)
Table 6

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

Date

foreign
commercial
banks

foreign
official
institutions

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

U.S. government deposits
demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

note balances
at commercial
banks
and thrift
institutions

total demand
deposits and
note and
FR balances

IRA and Keogh Accounts
time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

money
market
mutual funds

total

1983-OCT.
MOT.
DSC.

8.0
8.4
8.2

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
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

19 8 4 - JAR.
FEB.
HAR.

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*
HAT
JOVE

8.0
8.2
8.1

1.7
1.9
1.8

7.2
7.4
7.5

3.6
2.7
3.9

7.5
4.2
3.8

12.7
10.0
8.5

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
AUG.
SEPT.

8.2
8.0
8.0

•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

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

OCT.

8.1

1.7

7.3

2.6

3.9

8.4

14.9

0.9

42.6

52.6

6.4e

101. 7e

1
8
15
22
29

7.7
6.3
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
2.8
2.9
2.6
2.2

7.7
4.6
3.7
3.1
3.8

21.7
8.6
4.1
6.1
11.5

32.1
16.0
10.7
11.8
17.5

0.8
0.8
0.9
0.9
0.9

5
12 P
19 P

8.5
8.8
8.7

1.9
2.0
2.0

7.3
7.4
7.4

3.0
2.7
2.8

3.2
3. 1
3.5

13.0
7.8
5.7

19.3
13.7
12.0

1.0
1.0
1.0

IBBK
1984
OCT.

•Of.




BIDIV6S

estimated

SPECIAL SUPPLEMENTARY TABLE

Monthly Survey of Selected Deposits and Other Accounts
At All Insured Commercial Banks and All Mutual Savings Banks*
September 26, 1984 and October 31, 1984
(not seasonally adjusted)
Liability Categories
"Super NOW" accounts 2
(standard error of the estimate)

Ir
Amount Outstanding ($mil)
Average Rate Paid (Z)
September 26 October 31
September 26 October 31
31,259
(463)
242,834

32,385
(467)
248,219

Number of Issuing Banks
September 26 October 31

7.62

7.47

11,837

11,808

9.34

9.13

12,869

12,846

with original maturities of;4
7 to 31 days
(standard error of the estimate)

4,993
(476)

5,017
(475)

9.48

9.09

7,714

7,550

32 to 91 days
(standard error of the estimate)

17,364
(713)

17,413
(703)

9.79

9.26

13,338

13,108

92 to 182 days
(standard error of the estimate)

167,737
(2,305)

166,204
(2,349)

10.85

10.22

13,845

13,811

183 days to I year
(standard error of the estimate)

54,405
(1,385)

57,358
(1,333)

11.15

10.53

12,682

12,722

over 1 year to 2-1/2 years
(standard error of the estimate)

66,725
(1,429)

68,443
(1,416)

11.52

11.02

13,411

13,387

2-1/2 years and over
(standard error of the estimate)

107,947
(1,605)

106,594
(1,585)

11.70

11.26

12,813

12,790

All IRA/Keogh Plan deposits 5
(standard error of the estimate)

42,129
(213)

42,961
(234)

(N.A.)

(N.A.)

13,207

13,183

Retail repurchase agreements6
(standard error of the estimate)

1,259
(229)

1,220
(213)

9.16

8.85

2,930

3,029

Liability Categories

State-Chartered Mutual Savings Banks
Mount Outstanding ( $ o l l )
Average Rate Paid (Z)
Number of Issuing Banks
September 26 October 31
September 26 October 31
September 26 October 31

"Super NOW" accounts 2
(standard error of the estimate)

797
(3)

815
(3)

7.76

7.74

221

218

Money market deposit accounts^
(standard error of the estimate)

25,670
(78)

25,819
(85)

9.69

9.52

362

359

Interest-bearing time deposits with
balances of less than $100,000
with original maturities of: 4
7 to 31 days
(standard error of the estimate)

225
(30)

212
(29)

9.30

8.84

123

114

32 to 91 days
(standard error of the estimate)

904
(79)

804
(75)

9.78

9.56

273

270

92 to 182 days
(standard error of the estimate)

27,432
(86)

26,989
(91)

11.39

10.94

354

359

183 days to 1 year
(standard error of the estimate)

9,204
(116)

9,851
(71)

11.68

11.38

306

314

over 1 year to 2-1/2 years
(standard error of the estimate)

10,400
(242)

10,683
(152)

12.00

11.60

347

344

2-1/2 years and over
(standard error of the estimate)

20,616
(190)

20,901
(241)

12.15

11.81

All IRA and Keogh Plan deposits 5
(standard error of the estimate)

8,372
(174)

8,490
(175)

(N.A.)

(N.A.)

360

357

Retail repurchase agreements6
(standard error of the estimate)

115
(61)

111
(63)

10.19

9.91

71

62

339

336

N.A. - Data not available.
1. Estimates are based on data collected by the Federal Reserve from a stratified random sample of about 550 banks
and 75 mutual savings banks. Until the end of September 1983 data were collected concerning specific indexedceiling and ceiling-free deposit accounts. Effective October 1, 1983, the DIDC deregulated time deposits, and
this survey now provides Information on a l l small interest-bearing time deposits by maturity category. The data
presented for the end of October are not directly comparable to specific account data published previously, but
include those balances.
2. "Super NOW" accounts are NOW accounts containing an agreement between depositor and depository such that,
provided certain conditions—Including a $2,500 minimum balance—are met, some or a l l funds deposited are e l i g i b l e
to earn more than 5.25 percent.
3. Money market deposit accounts (MMDAs)—Deposits with a $2,500 i n i t i a l and average balance requirement, no
required minimum maturity but institutions must reserve the right to require at least seven day's notice prior to
withdrawal, no restrictions on depositor e l i g i b i l i t y , or limitations on the amount of interest that may be paid
unless the average balance f a l l s below $2,500 during which period the NOW account rate celling applies; such
accounts may allow up to six transfers per month, no more than three of which may be draft and may permit unlimited
withdrawals by mall, messenger, or In person. Estimates for this category of deposits are based on data collected
by the Federal Reserve from weekly deposit reports submitted by about 10,500 commercial banks.
4. All interest-bearing time certificates and open account time deposits with balances of less than $100,000,
Including those held in IRAs and Keogh Plan deposits.
5. All IRA/Keogh Plan time deposits regardless of s i z e , type of instrument In which held, or interest rate paid.
6. Retail repurchase agreements are in denominations of less than $100,000 with maturities of less than 90 days
that arise from the transfer of direct obligations of, or obligations fully-guaranteed as to principal and Interest
by, the U.S. Government or an agency thereof.