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

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES6

For release at 4:30 p.m. Eastern Time
NOVEMBER3Q, 1995

Billions of dollars
Date

M11

M22

M33

L4

DEBT5

Seasonally adjusted
1993-NOV.
DEC.

1122.4
1128.6

3576.7
3583.6

4234. 2
4242. 3

5128.5
5145.7

12276.1
12341.5

1994-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1132.5
1137.0
1141.1
1142.8
1143.5
1147.0
1152.2
1150.8
1151.0
1148.2
1147.6
1148.0

3589.1
3586.2
3597.5
3605.4
3608.4
3605.2
3616.8
3615.0
3614.1
3610.2
3611.9
3616.9

4245.
4231.
4240.
4250.
4251.
4256.
4274.
4273.
4280.
4286.
4292.
4304.

7
8
4
5
2
2
3
9
1
5
0
1

5157.4
5160.5
5171.7
5180.5
5195.8
5192.0
5217.2
5226.7
5224.7
5237.6
5248.7
5269.9

12384.3
12434.7
12499.9
12557.5
12613.3
12652.5
12679.5
12744.9
12804.1
12852.3
12920.7
12961.0

1995-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.

1149.0
1147.3
1147.9
1149.7
1143.0
1143.9
1144.9
1143.4
1139.7
1129.8

3628.9
3624.7
3632.4
3645.6
3662.3
3698.6
3717.8
3743.5
3757.3
3755.1

4327.
4336.
4360.
4383.
4412.
4459.
4490.
4519.
4535.
4548.

1
8
1
0
4
5
6
6
7
2

5295.2
5335.2
5378.3
5405.5
5433.9
5471.6
5524.2
5560.5
5601.9 p

13013.9
13092.6
13152.0
13223.4
13317.2
13375.9
13415.0
13456.9
13492.0 p

Not seasonally adjusted
1993-NOV.
DEC.

1129.5
1153.7

3584.2
3606.1

4 2 4 6 . ,5
4 2 6 6 .. 1

5147.9
5180.2

12249.0
12333.6

1994-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1142.3
1124.2
1131.4
1152.7
1132.5
1142.3
1150.9
1144.0
1146.2
1147.4
1155.4
1173.7

3595.6
3573.3
3596.2
3622.6
3595.6
3600.4
3615.6
3607.5
3603.6
3607.2
3620.2
3640.5

4 2 5 4 , .7
4 2 2 1 . .6
4 2 3 8 . .0
4 2 6 4 , .0
4 2 4 0 .2
4249 .8
4268 .0
4267 .4
4267 .6
4281 .6
4306 .4
4330 .2

5179.0
5153.3
5172.2
5192.4
5175.5
5180.4
5204.7
5215.3
5205.3
5228.6
5270.8
5307.5

12376.8
12408.0
12460.7
12499.3
12540.8
12597.3
12631.2
12692.7
12760.3
12813.5
12892.8
12953.1

1995-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.

1158.6
1134.3
1138.1
1158.7
1132.1
1139.3
1143.9
1137.0
1135.7
1129.4

3635.4
3610.9
3630.4
3662.0
3649.9
3694.1
3717.2
3736.6
3747.1
3752.2

4336 .7
4325 .5
4355 .9
4394 .7
4402 . 1
4453 .2
4483 .9
4513 .4
4523 .2
4543 .6

5317.9
5327.0
5377.5
5415.6
5413.4
5460.0
5510.7
5549.6
5580.6 p

12988.7
13039.9
13104.2
13155.2
13224.8
13310.1
13360.1
13395.1
13445.9 p

Footnotes appear on the following page
p

preliminary




Page 2
H.6 (508)
Table 2

MONEY STOCK AND DEBT MEASURES
Percent change at seasonally adjusted annual rates
M1

M2

M3

DEBT1

3 M o n t h s f r o m JULY 1995 t o OCT. 1995

-5.3

4.0

5.1

3.5

6 M o n t h s f r o m APR.

1995 TO OCT. 1995

-3.5

6.0

7.5

5.2

12 M o n t h s f r o m OCT.

1 9 9 4 TO OCT. 1995

-1.6

4.0

6.1

5.4

-3.6

4.7

5.6

T h i r t e e n w e e k s e n d i n g NOVEMBER 2 0 , 1995
f r o m t h i r t e e n weeks e n d i n g :
ADO. 2 1 , 1995 ( 1 3 w e e k s p r e v i o u s )
22,

1995

(26 weeks p r e v i o u s )

-2.4

6.3

7.5

NOV. 2 1 ,

1994

(52 weeks p r e v i o u s )

-1.4

4.0

6.0

MAY

i—Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, June 1995 to September 1995, March 1995 to September 1995,
and September 1994 to September 1995, respectively.
Footnotes to Table 1:
Consists of (1) currency outside
Federal Reserve Banks, and the vaults of depository institutions; (2)
issuers; (3) demand
1. deoosits at all commercial banksthe U.S. Treasury,due to depository institutions, the U.S. government, and foreign bankstravelers checks of nonbank cash items in the
other than those
and official institutions, less

2.

3.

orocess of collection and Federal Reserve float; and (4) other checkable deposits (OCDs), 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. Seasonally adjusted M1 is calculated by
summing currency, travelers checks, demand deposits, and OCDs, each seasonally adjusted separately.
. . .. 0
.. . . ,
Consists of M1 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
/ioA\ a n c | Keoqh 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-M1 component as a whole and then adding this result to seasonally adjusted M1.
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
bv 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
Debt^ThTdebt'^aggregate t s l h e outstanding credit market debt of the domestic nonfinancial sectors — the federal sector (U.S. government, not including governmentsponsored enterprises or federally related mortgage pools) and the nonfederal sectors (state and local governments, households and nonprofit organizations, nonfinancial
corporate and nonfarm noncorporate businesses, and farms). Nonfederal debt consists of mortgages, tax-exempt and corporate bonds, consumer credit, bank loans,
commercial paper, and other loans. The data, which are derived from the Federal Reserve Board's flow of funds accounts, are break-adjusted (that is, discontinuities in
the data have been smoothed into the series) and month-averaged (that is, the data have been derived by averaging adjacent month-end levels). The presentation of the
debt data in this release differ, therefore, from the quarterly flow of funds statistics contained in the Federal Reserve releases Z.7 and Z.1. In those releases, published
levels of credit market debt are measured on a quarter-end basis and contain discontinuities.




Page 3
H.6 (508)
Table 3

MONEY STOCK MEASURES

Billions of dollars
Seasonally adjusted
M2

M1
Period ending

M3

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

1995-AUG.

28

1144.2

1144.0

1143.4

3718.3

3743.5

3750.1

4487.7

4519.3

4527.8

SEP.

4
11
18
25

1144.0
1143.9
1143.5
1143.1

1143.4
1143.2
1141.9
1141.2

1142.0
1142.3
1139.8
1140.6

3723.6
3728.3
3732.6
3736.7

3748.0
3751.9
3754.3
3756.6

3754.2
3754.2
3758.7
3759.1

4494.9
4500.7
4506.1
4511.5

4523.0
4527.8
4531.7
4533.7

4532.0
4531.3
4535.6
4535.8

OCT.

2
9
16
23
30

1142,
1141.
1140
1139,
1137

1138.7
1135.3
1133.0
1130.2
1129.4

1132.2
1128.4
1130.8
1129.2
1129.0

3740.7
3743.8
3747.3
3749.7
3752.0

3757.5
3756.9
3756.2
3754.9
3754.5

3757.8
3751.8
3756.2
3753.7
3756.4

4517.0
4522.5
4527.5
4531.5
4534.5

4536.5
4539.5
4543.1
4546.8
4548.4

4543.1
4543.4
4550.2
4550.4
4549.6

NOV.

6
13p
2 Op

1136.5
1135.0
1133.6

1129,
1127
1127

1129.2
1122.4
1127.6

3753.6
3754.8
3756.1

3755.8
3755.4
3758.5

3756.7
3754.8
3766.1

4536.9
4539.6
4542.2

4549.5
4548.8
4549.7

4547
4547
4553

Not seasonally adjusted
1995-AUG.

28

1140.3

1 1 3 7 , ,8

1 1 1 8 , ,8

3714. 6

3 7 3 6 ,.9

3 7 2 1 , ,6

4481. 6

4513, 7

4 5 0 2 , ,9

SEP.

4
11
18
25

1139.6
1140.2
1140.2
1139 . 9

1 1 3 5 , ,4
1 1 3 8 , .5
1 1 3 9 , .5
1 1 3 8 , ,4

1 1 4 3 ,. 1
1 1 5 6 , ,3
1 1 3 9 , ,9
1 1 1 4 , .2

3 7 1 8 , ,9
3723, 6
3 7 2 7 , ,9
3 7 3 1 , ,6

3 7 3 8 ,.9
3 7 4 6 ,.2
3 7 4 8 ,.9
3748 .4

3 7 5 1 , .8
3 7 7 0 ,.7
3 7 5 1 , .5
3 7 1 9 . .4

4 4 8 7 , ,5
4 4 9 3 ,,4
4 4 9 8 , ,8
4 5 0 3 ,,9

4 5 1 4 , .9
4 5 2 3 , ,2
4 5 2 7 , .6
4 5 2 5 , ,0

4 5 2 8 .7
4 5 4 9 .3
4 5 2 9 , .3
4 4 9 2 ,.7

OCT.

2
9
16
23
30

1138.0
1136.2
1135.8
1135.4
1134.0

1133
1129
1129
1130
1129

.0
.0
.2
.9
.0

1 1 2 1 , .6
1 1 4 0 , .3
1 1 4 0 , .8
1120 .8
1114 .0

3 7 3 4 ,.3
3 7 3 6 ,.6
3 7 4 0 ,• 3
3 7 4 3 , .2
3 7 4 5 , .2

3745
3743
3747
3753
3752

.1
.7
.9
.3
.0

3 7 3 8 ,.6
3 7 6 5 ,.4
3768 . 1
3741 . 1
3733 .2

4 5 0 8 ,. 1
4 5 1 3 .2
4 5 1 8 .7
4523 .4
4 5 2 6 .5

4 5 2 0 , .7
4 5 2 1 , .8
4528 .9
4540 .2
4544 .7

4 5 1 1 , .6
4 5 5 3 , ,7
4 5 5 7 , ,5
4 5 3 8 ,, 1
4 5 2 9 , .3

NOV.

6
13p
2 Op

1133 .2
1132 . 5
1132 . 5

1129 . 6
1128 . 0
1 1 3 1 .7

1142 .7
1134 .6
1135 .4

3 7 4 7 , .2
3 7 4 9 , .4
3752 .2

3753 .2
3753 . 6
3762 .7

3770 . 4
3769 .8
3777 .3

4 5 2 9 .7
4534 .0
4538 .4

4547 . 6
4 5 5 1 ,. 1
4558 .9

4565 .4
4 5 7 1 .4
4569 .4

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

preliminary data.




Page 4

H.6(508)
Table 4

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Currency1

Date

Travelers checks2

Demand deposits3

Other checkable deposits

Nontransactions components

At commercial
banks4

At thrift
institutions5

Total

In M26

In M3 only7

1994-JUNE

340.0

8.2

386.3

301.0

111.5

412.5

2458.2

651.0

JULY
AUG.
SEP.

342.8
345.1
347.2

8.3
813
8.4

388.1
386.6
386.5

301.7
301.0
300.0

111.4
109.7
108.9

413.1
410.8
408.9

2464.6
2464.1
2463.1

657.5
658.9
665.9

OCT.
NOV.
DEC.

350.0
353.0
354.5

8.3
8.4
8.4

384.5
382.5
382.2

298.0
297.7
297 . 6

107.5
106.1
105.3

405.4
403.8
402.9

2462
2464
2468,

676.2
680.1
687 . 1

1995-JAN.
FEB.
MAR.

357.7
358.8
362.5

8.4
8.4
8.8

383.6
384.1
383.3

295.1
291.8
289.3

104.2
104.1
104.0

399.3
395.9
393.3

2479.9
2477.4
2484.5

698.2
712.2
727.7

APR.
MAY
JUNE

365.7
368.1
367.4

9.2
9.2
9.0

381.2
380.6
386.8

289.6
281.9
276.3

103 . 9
103.1
104.4

393.6
385.0
380.7

2495
2519,
2554,

737 .3
750.1
761.0

JULY
AUG.
SEP.

367.1
368.3
369.1

275.7
272.1
266.8

103.7
104.1
105.2

379.4
376.2
372.0

2572.8

8.8

389.5
390.0
389.7

2617.6

772.
776,
778,

OCT.

370.5

8.7

387.2

258.9

104.5

363.4

2625.3

793.1

369.3

8.8

394.3

264.2

104.0

368.3

2618.5

776.7

2
9
16
23
30

370.1
369.7
370.3
370.7
371.4

8.7
8.7
8.7

259.4
257.6

8.8
8.8

387.9
387.8
387.1
387.0
385.8

259.4
258.5

106
104,
104,
103,
104,

365.6
362.2
364.7
362.8
363.1

2625.5
2623.3
2625.4
2624.4
2627.4

785.4
791.6
794.0
796.7
793 .2

6
13p
2 Op

370.5
370.4
371.1

8.8
8.8
8.8

387 . 5
384.9
388.6

257 .2
254.4
255.2

105,
103,
104,

362.4
358.3
359.2

2627.4
2632.4
2638.5

791.2
792 . 4
787.8

Week e n d i n g
1 9 9 5 - S E P . 25
OCT.

NOV.

1.
2.
3.
4.
5.
6.
7.
e

260.1

2600.2

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.
Demand deposits at commercial banks and foreign-related institutions 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.
Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
Sum of overnight 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.
Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances (institution-only), less the estimated amount of overnight RPs and
Eurodollars held by institution-only money market mutual funds. This sum is seasonally adjusted as a whole.
estimated




p

preliminary

Page 5

H.6 (508)
Table 4 - continued

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

General
purpose and
broker/
dealer
money
market funds

Institutiononly money
market funds

772.9

370.7

177.9

commercial
banks 4
2 7 4 . ,0

Small-denomination time deposits 2

Large-denomination time deposits 3

-JUNE

commercial
banks
780, 0

At
thrift
institutions
426. 8

JULY
AUG.
SEP.

778, 0
775. 7
772. 8

423 . 2
417 . 0
410. 9

1201. 2
1192. 6
1183 . 7

470.0
476.1
481.2

306.6
306.8
308.3

776.5
782.8
789.6

376.1
377.0
377.4

178.7
177.4
176.3

276. 4
2 8 0 .. 1
285. 1

62. 0
61. 9
63 . 1

338.4
342.0
348.2

OCT.
NOV.
DEC.

765. 4
759. 2
752 . 3

405. 6
398. 5
391. 9

1171. 0
1157. 8
1144. 2

487 .8
494.1
502 . 6

311.9
316.7
318.3

799.7
810.8
820.9

379.5
383.3
389.0

180.8
180.5
180.8

289. 4
292 . 9
296. 6

64. 2
64. 5
64. 9

353.6
357.4
361.4

1995-JAN.
FEB.
MAR.

744.1
734.2
723.3

385.6
377.6
371.6

1129.8
1111.9
1094.9

512.7
524.2
537.8

323.9
332.3
341.7

836.5
856.5
879.5

392.1
391.5
390.9

186.3
180.4
189.0

295.2
303.1
308.5

66.7
68.1
70.1

361.9
371.2
378.6

APR.
MAY
JUNE

716.0
717.2
728.1

366.4
364.2
363.0

1082.4
1081.4
1091.1

548.1
556.2
562.4

350.4
356.5
357.3

898.5
912.7
919.7

396.0
405.4
426.2

192.9
194.8
205.6

309.0
315.1
318.5

71.2
70.4
70.8

380.2
385.5
389.3

JULY
AUG.
SEP.

730.7
739.5
746.7

360.7
358.6
358.5

1091.4
1098.1
1105.2

567.1
569.7
570.6

357.4
358.0
358.7

924 .5
927.7
929.3

442.0
455.9
462.6

212.4
210.8
213.5

323.7
325.2
328.0

72.6
73.2
73.7

396.3
398.4
401.7

OCT.

753.7

358.5

1112.2

571.3

359.5

930.8

466.4

215.8

339.6

74.8

414.5

747.8

359.4

1107.2

571.1

358.6

929.7

462.1

213.5

328.6

73.7

402.3

751.0
756.7
753.4

359.2
358.6
358.5

1110.2
1115.3
1112.0

570.8
570.7
571.1

358.6
358.6
359.2

929.4
929.3
930.2

464.0
464.8
466.2

213.9
216.5
216.2

334.6
338.0
339.7

74.5
74.4
75.0

409 0
412^4
414 7

*":>

iii.i

: : : : : :

::::

:

762.1

3 5 6

111*'?

573.4

360.6

934.0

213.9

344.5

/

weeK e M i a q
1 9 9 5 - S E P . 25
OCT.

2
9

16

s

::::

Total
f1206.

8

ss::

™v' i t
2

1.
2

'

°P

%t
thrift
institutions
305.5

::::

Total

::::

470.4

At
thrift
institutions
61. 0

:

Total
335.0

:
7s!o

Alls

S a v i n g s deposits include m o n e y m a r k e t deposit a c c o u n t s .
S m a l l - d e n o m i n a t i o n t i m e d e p o s i t s — i n c l u P i n g retail aR P ,s — e i
d S
a
R
_
a m 0 U , S 0 1 tess , h a
t
e
i
" " " iSS"ed
"
" $ 1 0 0 ' 0 0 0 ' A " I R A ="d K«=9h
" = l » " c e s at c o m m e r c i a l b a n k s
and M
thrifts are sS b t rT c t efd f r o mS s m'a l l t i m e deposits.
u
a
L a r g e - d e n o m i n a t i o n t i m e d e p o s i t s are t h o s e issued in a m o u n t s of $ 1 0 0 , 0 0 0 or more, e x c l u d i n g t h o s e b o o k e d at international b a n k i n q facilities
official i n s W u t i o n ? " ^

p

'6

At
commercial
banks
467.4

preliminary




dep0SltS

at

c o m m e r c i a l b a n k s less t h o s e held by m o n e y market m u t u a l f u n d s , d e p o s i t o r y institutions, U . S . g o v e r n m e n t , a n d f o r e i g n b a n k s a n d

Page 6

H.6 (508)
Table 4 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Non-M3 Components of L

Date
Savings bonds

Debtcomponents 4

Short-term Treasury
securities 1

Bankers acceptances

2

Commercial paper 3

Federal debt

Non-Federal debt

1994-JUNE

176.7

357.1

14.9

387.0

3416.3

9236.2

JULY
AUG.
SEP.

177.7
178.5
179.1

"360.8
365.0
360.5

13 .2
13 6 8
14.8

391.1
395.4
390.2

3419.3
3436.6
3453.8

9260.2
9308.3
9350.2

OCT.
NOV.
DEC.

179.5
179.9
180.3

358.5
361.9
370.2

13.1
13.5
14.0

399.9
401.4
401.3

3469.3
3493.9
3497.4

9383.0
9426.8
9463.7

1995-JAN.
FEB.
MAR.

180.5
180.4
180.5

371.4
389.9
401,9

13.4
13.4
14.1

402.8
414.7
421.7

3504.7
3535.8
3557.5

9509.2
9556.8
9594.5

APR.
MAY
JUNE

180.9
181.6
182.3

396.9
383.9
390.9

13.9
12.3
11.3

430.8
443.8
427.5

3559.5
3577.0
3602.0

9663
9740
9774.

JULY
AUG.
SEP. p

183.0
183.7
184.1

410.7
410.1
431.4

11.8
12.2
12.9

428,
435.
437.8

3614.4
3620.0
3622.1

9800 .
9836.
9869.

'

"

I:

8 S

12

by " « " *
°"

i d a l

ins,i,u,bns

'

K p o - t e - y institution., F . d s r a ! Reserve Banks, n , . n e ,
h

°™= ^

4.

Debt d a t a are o n a m o n t h l y a v e r a g e basis, d e r i v e d by a v e r a g i n g adjacent e n d - o f - m o n t h levels, a n d h a v e b e e n a d j u s t e d to r e m o v e d i s c o n t i n u i t i e s .

p

preliminary




mu,„„

Page 7

H.6(508)
Table 5

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Currency1

Date

Travelers
checks2

Demand
deposits3

Other checkable deposits
At commercial
banks4

At thrift

382 .3

299 . 5

387 .3
383 . 1
384 .7

Nontransactions components
Overnight

Overnight
Eurodollars®

649 .5

80 .7

26.2

2464 .7
2463 . 5
2457 . 4

652 .4
659 .9
664 . 1

80 . 5
82 .2
84 . 0

29.1
28.9
28.1

6

Total

In M2

In M3 only7

1 1 1 .7

411.2

2458 . 1

298 .4
297 .2
297 .4

111 .6
109 .0
108 .3

410.0
406.2
405.6

1994-JUNE

340 .5

8 .3

JULY
AUG.
SEP.

344 .7
345 .7
347 .0

8 .8
8 .9
8 .8

OCT.
NOV.
DEC.

349 .6
353 .2
357 .6

8 .5
8 .2
8 .1

387 .9
390 .8
400 .3

294 . 1
296 .0
300 .6

107 .4
107 . 1
107 .0

401.4
403.1
407.6

2459 .9
2464 .8
2466 .8

674 .4
686,.2
689,.7

83 . 8
83 .4
84 .7

30.3
30.1
32.5

1995-JAN.
FEB.
MAR.

355 .9
357,. 1
361,.4

8,. 1
8,. 1
8,.4

388 .9
375 .0
374,. 1

301,.3
292,.3
291,. 1

104..4
101. .8
103 ..0

405 .7
394 . 1
394,.2

2 4 7 6 ..8
2 4 7 6 ..6
2 4 9 2 ..3

701.,3
714, ,6
7 2 5 . ,5

87,.6
86,.8
87..6

36.3
31.6
30.7

APR.
MAY
JUNE

365. .5
367 ,,9
368. ,2

8.,8
8. 9
9. 2

382 ..0
372..8
382, 6

296..6
279.,7
274, 9

1 0 5 . ,7
102. 7
104. 4

402. .3
382. ,4
379. .3

2503. 4
2517. 9
2554. 8

7 3 2 . ,7
752. 2
7 5 9 ., 1

8 5 . ,8
86. 8
8 8 . ,0

30.1
29.9
29.6

JULY
AUG.
SEP.

369. 0
369. 0
369. 2

9. 5
9. 5
9. 3

388. 7
386. 5
388. 1

272. 8
268 „ 7
264 . 6

104. 0
103. 3
104. 6

376. 8
372. 0
369. 1

2573. 3
2599. 6
2611. 4

766. 7
776. 8
776. 0

85c 0
86. 7
88. 0

29.4
31.6
33.0

OCT.

369. 9

8. 9

390. 7

255. 5

104. 4

359. 8

2622. 8

791. 4

86. 9

32.5

367.7

9.2

380.7

255.9

100.6

356.6

2605.2

773.3

86.3

32.5

2
9
16
23
30

367 .9
372.2
370.4
369.3
368.3

9.1
9.0
9.0
8.9

388.2
394.1
397.4
386.2
383.7

252.9
257.6
258.3
254.2
251.7

103.5
107.4
105.7
102.2
101.5

356.4
365.0
364.0
356.5
353.2

2617.0
2625.1
2627.4
2619.2

773.0
788.4
789.4
797.1
796.1

90.2
84.3
88.3
86.4
87.5

35.8
31.8
32.2
32.8
32.7

6
13p
2 Op

371.4
371.8
371.3

395.8
394.3
397.8

258.7
254.3
253.3

108.0
105.6
104.4

366.8
359.9
357 .7

2627.7
2635.2
2641.9

795.0
801.7
792.1

86.9
84.
88.

29.4
29.3
31.2

Week e n d i n g
1 9 9 5 - S E P . 25
OCT.

NOV.

1.

2.
3.
4.
5.
6.
7.
8.

'

8.8
8.8
8.7

8.6

2620.2

Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.

diSSL 0 ™™ 9

' m°ney

,Und

(9eM,al

U i n g s deposits (including money ma*et deposit accounts, and sma, time

i S d o l & ' f h e i d ^ K i S l o n i S i m m o n . " , ma,to,°Su!'l ( " n d , ' " * 1 " " 8 '
m i 9 h

R P S iSSU6d

balan
10

« = (institution-only), toss the estimated amount of overnight RP, end

' ^
""
« * > ' » = " depository institutions an,, money market mutual lunds (general purpose and
Digitized a S e l T
for FRASER
http://fraser.stlouisfed.org/ branches ol U.S. bank, worldwide to U.S. residents other than d^ository institutions and money m a * . , mutual funds (general purpose and broke,/dealer,
issued by foreign
Federal Reserve Bank of St. Louis

Page 8

H.6(508)
Table 5 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Savings deposits1
Date

commercial
banks

At
thrift
institutions

1994-JUNE

782 ,.3

4 2 8 , >1

JULY
AUG.
SEP.

7 8 0 , .0
777 ,,0
7 7 2 , .7

OCT.
NOV,
DEC.

Small-denomination time deposits2
Total

commercial
banks

At
thrift

Total

General
purpose and
Institutionbroker/ • only money
dealer
market funds
money

Large-denomination time deposits3
At
commercial

At

thrift

Total

1 2 1 0 , ,4

467,.0

305 .2

7 7 2 , ,2

368 .7

172 .5

2 7 5 , ,3

6 1 . .3

3 3 6 , .6

4 2 4 , .3
4 1 7 ,. 7
4 1 0 , .8

1 2 0 4 , ,3
1 1 9 4 , .6
1183 ,.6

470..5
476. . 6
481. . 8

3 0 6 . .9
307 . 1
3 0 8 . .7

777 ,,5
783 ,,7
7 9 0 ,- 5

373. .4
374 .2
3 7 1 .3

173 . 8
176 .2
172 .6

2 7 5 . .4
2 8 1 , ,4
2 8 6 . ,2

6 1 . ,8
6 2 . ,2
63 ..3

3 3 7 ,, 1
3 4 3 , .6
3 4 9 . .6

7 6 5 , .5
7 6 1 , .4
7 5 1 ,, 1

4 0 5 , .7
3 9 9 , .7
3 9 1 , .2

1171, . 1
1161, 0
1 1 4 2 , .3

488.>4
493 . 8
;
502..2

.3
312 .
316 : 5
318. . 1

8 0 0 , ,7
810, 4
820, .2

373 .
.9
379 .9
387 . 1

178 . 1
182 .
.5
183 . 1

2 9 0 . ,0
2 9 4 . ,4
2 9 6 , ,3

6 4 , ,3
6 4 , .8
6 4 , .8

354. ,3
359. . 1
361, . 1

1995-JAN.
FEB.
MAR.

739 .5
729 .8
723 .4

383 ,
.2
375. .3
3 7 1 , .6

1 1 2 2 .. 7
1 1 0 5 ,. 1
1 0 9 5 . .0

513 . 1
,
524..4
537 .6

324. .2
332 .4
3 4 1 ,6

8 3 7 , ,3
856, .8
879,> 2

392 .8
396 .3
399 .8

192 .4
188 .8
190 .8

293 .
.8
301. .6
306. .4

66 . 4
67 . 8
69 .7

360,.2
369,.4
376.. 1

APR.
MAY
JUNE

717 .8
717 .8
730 .2

367 ,
.4
364 .4
364 .0

1 0 8 5 . .2
1082 .
.3
1 0 9 4 .: 3

547 .5
555 . 1
562 0

350 .0
355 .8
357 .0

897 ,
,5
910, .9
919, ,0

404 . 8
407 .9
423 . 9

1 9 1 .3
193 .8
199 .2

306 ,
.8
317. .6
320 .
.0

70 .7
70 . 9
71 .1

377..6
388,.5
391.. 1

JULY
AUG.
SEP.

732 .6
740 .8
746 .8

3 6 1 .6
359 .3
358 .6

1 0 9 4 . .2
1 1 0 0 .. 1
1 1 0 5 . ,4

567 » 8
570 ,3
571., 1

357 ,9
358 ,3
359 .0

925 .7
928, .6
930 , 1

438 .9
452 ,6
454 .9

206 .6
209 .3
209 .0

322 .
.3
326 .6
329 .2

72 .3
73 . 6
74 . 0

394..6
400, .2
403,.2

OCT,

753 .
.9

358 .6

1112 ,.4

571,, 9

359 >9

931, .8

459 . 1

212 .9

340 .5

75 . 0

415,.5

744 .6

3 5 7 , .8

1102 ,,4

571..3

3 5 8 . .7

930, ,0

454. . 1

207 .
.8

329 .0

73 . 8

402..8

Week e n d i n a
1 9 9 5 - S E P . 25

l

OCT.

3.
4.
P

748
759
755
751
749

.3
.3
.9
.2
.9

357 ,
.9
359 .8
359, .7
3 5 8 ,. 1
3 5 7 , .0

1 1 0 6 , .2
1 1 1 9 ,, 1
1 1 1 5 , .6
1 1 0 9 , .3
1 1 0 6 , .8

571,.6
572..3
572,.0
571,.8
571,,6

359. . 1
359 .
.6
3 5 9 . .7
3 6 0 , .0
3 6 0 . .3

930, ,8
931, .9
9 3 1 , ,8
931. ,8
9 3 1 , ,9

454 . 1
458. ,0
459 .5
4 5 9 . .8
4 6 0 , ,3

2 0 6 . .6
2 1 1 , .6
2 1 1 , .9
2 1 5 ,• 7
213 ,.8

334
339
340
342
342

.0
.3
.3
.0
.1

74 .3
7 4 . .7
7 5 ,. 1
7 5 ,. 1
7 5 . ,3

408,.3
414. .0
415. .3
417. , 1
4 1 7 . .3

NOV.

2.

2
9
16
23
30
6
13p
2 Op

759 .3
765 .0
764 .2

358, .4
3 5 8 , ,2
357 ,
,6

1 1 1 7 , .7
1 1 2 3 , .2
1 1 2 1 , .8

572,.0
573,. 1
572,,9

3 6 0 . .4
3 6 0 . .2
3 6 0 . .3

932 . 4
933 .,3
933 <
,2

4 6 1 , ,2
4 6 5 ,. 1
467 ,,0

2 1 5 , .2
2 1 6 , .5
216 .
.6

345 .5
346 .9
345 .9

75. 6
75. 6
75. 3

4 2 1 ., 1
4 2 2 . .5
421. 2

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.
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 U S government and fore ion
y
banks and official institutions.
'
'
preliminary




Page 9

H.6 (508)
Table 5 - continued

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

Debt components6

Non-M3 Components of L
Term
Eurodollars2

ort-term

Commercial
paper6

At commercial
banks

At thrift
institutions

1994-JUNE

71.8

30.3

102.1

50.3

176.9

354.0

14.5

385.2

3394.5

9202.8

JULY
AUG.
SEP.

70.8
68.2
68.3

32.0
32.8
33.4

102.8
101.0
101.7

51.0
51.2
52.1

177.4
177.9
178.4

358.3
366.9
353.4

13.1
13.5
14.4

387.8
389.6
391.5

3393.9
3418.3
3438.3

9237,
9274,
9322,

OCT.
NOV.
DEC.

67.1
67.5
67.8

34.8
35.6
37.7

101.9
103.1
105.6

52
54
52

179.0
179.7

180.2

350.6
365.8
379.2

13.3
13.6
14.4

404.2
405.3
403.6

3448.5
3485.2
3499.0

9364,
9407,
9454,

1995-JAN.
FEB.
MAR.

70.2
73.2
72.6

39.2
40.1
40.8

109.4
113.4
113.4

53.1
56.3
58.3

180.6
180.8
181.2

376.0
391.4
406.1

14.2
13.9
13.9

410.5
415.3
420.4

3499.0
3525.0
3551.1

9489.7
9514.9
9553.1

APR.
MAY
JUNE

74,
78,
76,

41.8
43.2
42.9

116
121

59
62

394.8
382.4
387.8

13.7

119

181.7
182.1
182.4

430.8
434.7
425.5

3544.1
3552.6
3579.3

9611.1
9672.2
9730.8

JULY
AUG.
SEP.

72,
74
71.8

43.0
44.2
44.6

115

63 ,
62

60.6

408,
412,
422,

11.6

116.4

182.8
183.0
183.3 p

424.4
428.7
439.2 p

3588.8
3602.2
3606.8 p

9771.3
9792.9
9839.1 p

OCT.

72.5

43.9

116.4

59.6

71.0

44.4

115.5

60.6

68.1

23
30

44,
43,
43
43 ,
44,

112.4

72.6
71.8
73.9
73.5

58.8
59.6
59.7
59.8
59.9

6
13p
2 Op

68.4
72.6
64.9

45.0
44.2
43.5

113.4

enfllnq

1995-SEP.

25

OCT.

2
9

16

NOV.

1.
2.

Total

118

116.2
115.4
117.4

118.1
116.8
108.3

61

Savings bonds

seafrfties3

Bankers
acceptances4

12.1

11.0
11.9

12.6

Federal debt

Non- Federal
debt

58.5
58.5
58.8

4.
5.
6.

Term RPs are those with original maturities greater than one day, excluding continuing contracts and retail RPs.
Term Eurodollars are those with original maturities greater than one day. Consists of those issued to U.S. residents by foreign branches of U.S. banks world-wide and by
all banking offices in the United Kingdom and Canada. Excludes those held by depository institutions and money market mutual funds.
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.
Net of bankers acceptances held by accepting banks, Federal Reserve Banks, foreign official institutions, Federal Home Loan Banks, and money market mutual funds.
Total commercial paper less commercial paper held by money market mutual funds.
Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities.

p

preliminary

3.




Page 10
H.6 (508)
Table 6

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

Time and
savings
deposits
due to
foreign
banks and
official
institutions

IRA and Keogh Accounts

U.S. government deposits
Time and
savings

Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

Note
balances at
depository
institutions

Total
cash
balance

commercial
banks

13. 1
i

5. 3

5. 9

18. 4

29. 6

2. 9

142. 3

ill. 5

56.8

310.6

l. 5
l. 5
l. 5

13. 4
14. 0
14. 6

4. 8
3. 9
5. 8

5. 4
5. 1
6. 0

11. 3
10. 1
16. 9

21. 5
19. 0
28. 8

2. 7
2. 9
2. 5

142. 6
142. 6
142. 7

110. 7
109. 7
108. 7

55.9
56.1
56.8

309.2
308.4
308.1

8. 0
8. 4
8. 7

l. 6
l. 8
l. 6

14. 8
14. 6
14. 4

4. 3
3. 9
5. 7

5. 6
5. 2
6. 2

12. 1
9. 8
13. 4

22. 0
18. 9
25. 3

2. 2
1. 9
1.,3

142. 7
142. 9
143. 3

108. 1
107. 9
107. 6

58.3
59.4
59.7

309.1
310.2
310.5

1995 - J A N .
FEB.
MAR.

8. 4
8. 0
8. 1

l. 6
l. 6
l. 6

14. 0
13. 3
12. 7

4, 9
3.,3
3..4

7. 0
5. 9
5. 2

20. 0
21, 1
10., 1

31. 9
30. 3
18. 8

1. 2
2 .,3
2. 4

143. 7
144. 6
145. 6

107. 5
1 0 7 . ,7
107. ,7

59.7
59.9
60.1

310.9
312.2
313.3

APR.
MAY
JUNE

7 . ,7
8., 1
8.. 1

l. 6
l. 5
l. 6

12,,3
12.,3
12.,3

5.,5
3.. 1
4.,5

6. 2
5.,7
7.,9

12..4
18..7
19..6

24. 1
27. 5
3 2 . .0

2.,6
2..6
2,,6

146. 4
146. 8
147. ,8

107,.6
107 .4
107 .2

60.3
60.5 e
60.6 e

314.2
314.6 e
315.7 e

JULY
AUG.
SEP.

8,. 4
7,,5
7 ,5

l. 5
l. 5
l . ,7

12.,3
12,.3
12,.3

3,. 4
2,.8
6 .0

6..6
5,.3
6,.8

27,.7
13,,6
17 ,8

3 7 . .6
2 1 . ,7
30., 6

2,.8
2,• 9
2 .8

148,,9
149,. 1
149 . 4

107 .2 e
107 . 0 e
107 . 5 e

60.7 e
60.7 e
60.7 e

316.8 e
316.8 e
317.6 e

OCT.

8 .2

l . ,6

12,.3

3 .1

5,• 3

1 1 .4

19,.8

2 .8

150 . 0

108 . 0 e

60.7

318.7 e

7 .6

l , .6

12 .3

3 .6

9 .2

35 . 4

48 .2

2 .8

39
20
18
19
15

.9
.6
.7
.0
.7

2 .8
2 .8
2 .8
2 .8
2 .7

15 . 6
11 .6
18 . 1

2 .8
1 .4
1 .3

Date

Foreign
commercial
banks

Foreign
official
institutions

1994 -JUNE

8. 2

l. 5

JULY
AUG.
SEP.

8. 3
7. 7
8. 1

OCT.
NOV.
DEC.

Week ep<ttM
1995 - S E P . 25
OCT.

7 .4
8 .3
8.1
8 .9
7 .9

l , .7
l ,. 8
l , .5
l , .4
l , .5

12
12
12
12
12

.3
.3
.3
.3
.3

3 .8
2 .8
3 .9
2 .7
2 .7

7 .5
5 .6
4.7
5 .3
5.1

28 . 6
12 . 2
10 . 0
11 . 1
7 .8

NOV.

e
p

2
9
16
23
30
6
13p
2 Op

8 .2
7 .5
7 .9

l ,: 4
l .8
l .4

12 . 3
12 . 3
12 . 3

3 .3
2 .5
3 .2

5 .2
5 .9
5 .0

7 .1
3 .2
9 .9

estimated
preliminary




At
commercial
banks

At
thrift
institutions

At
money
market
funds

Total

e