Full text of H.6 Money Stock Measures : November 5, 1992
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE statistical release -'-****'•••••• SPECIAL NOTICE Because of the Veterans Day holiday next Wednesday, this release will be published on Friday, November 13, instead of on Thursday, November 12, It will be issued on Thursday. November 19, its usual publication date, but will be delayed the following week until Friday. November 27 because of the Thanksgiving Day holiday on Thursday. November 26. FEDERAL RESERVE statistical p5le§$g *4lRtf H.6 (508) Table 1 MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURE NOVEMBER Billions of dollars Date Ml 3 M22 MS3 5, 1992 DEBT5 Seasonally adjusted 1990-OCT. NOV. DEC. 822.3 823.8 826.1 3334.5 3333.7 3339.0 4117.0 4115.6 4114.6 4961.1 4958.8 4965.2 10660.2 10716.0 10751.3 1991-JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEP. OCT. NOV. DEC. 826.2 836.2 842.3 842.7 850.9 857.3 860.0 866.5 872.0 880.9 891.4 898.1 3344.0 3369.4 3386.9 3394.8 3405.6 3411.8 3407.5 3409.8 3411.9 3418.0 3431.8 3439.9 4125 4160 4165 4168.8 4170.5 4167 4157 4156 4152 4159 4166 4171 4980.4 5007.2 5002.7 4976.8 4956.7 4984.7 4989.8 4983.5 4972.7 4976.3 4989.4 4988.1 10776.4 10826.5 10865.2 10887.6 10941.4 10993.9 11024.7 11059.7 11093.6 11131.0 11171.3 11200.4 1992-JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEP. 910.4 931.0 939.0 942.8 954.3 951.8 960.6 973.1 988.6 3447, 3474, 3475. 3471, 3473, 3464. 3462. 3472. 3482. 4173.7 4198.7 4191.8 4179.2 4178..5 4166..7 4162..6 4174..3 4179..3 4980.6 5009.1 5019.9 5012.6 5002.4 5013.9 5006.0 5024.5 p 11234.$ 11282.8 11340.0 11388.8 11430.8 11481.7 11526.2 11569.1 p Not seasonally adjusted 1990-OCT. NOV. DEC. 817.6 826.1 844.1 3330.4 3336.9 3351.9 4109.2 4118.5 4124.7 4952.3 4966.4 4984.9 10625.9 10689.9 10739.9 1991-JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEP. OCT. NOV. DEC. 832.7 823.4 835.0 853.0 841.7 858.1 862.3 864.5 867.4 875.5 893.9 917.3 3351.3 3358.3 3388.4 3410.8 3388 3408 3410 3409 3404 3413 3435 3453 4129.7 4150.8 4171. 4183. 4156. 4165. 4158. 4160. 4145. 4150. 4169. 4181. 4998.3 5002.0 5009.9 4989.3 4941.7 4972.8 4981.4 4978.1 4963.6 4966.2 4996.7 5008.3 10764.8 10797.4 10827.9 10846.6 10894.6 10944.3 10976.1 11015.4 11060.8 11105.6 11149.5 11190.5 1992-JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEP. 918.2 916.8 930.8 954.7 944.0 952.1 963.0 970.6 983.0 3455.6 3461.8 3476.5 3489.8 3455.6 3460.6 3465.8 3471.1 3473.6 4178.8 4188.2 4196.8 4196.0 4164.2 4163.8 4163.7 4177..0 4170..4 4998.6 5002.4 5026.8 5027.5 4985.9 5001.1 4997.6 5018.0 p 11222.0 11251.1 11300.3 11346.1 11384.3 11434.0 11480.8 11531.1 p Footnotes appear on the following page, p—indicates preliminary data. H.6 (508) Table 2 MONEY STOCK AND DEBT MEASURES Percent change at seasonally adjusted annual rates Ml M2 M3 Debt 1 3 Months from JUNE 1992 to SEP. 1992 15.5 2.0 1.2 4.8 6 Months from MAR. 19 92 TO SEP. 1992 10.6 0.4 -0.6 5.1 12 Months from SEP. 3U91 TO SEP. 1992 13.4 2.1 0.6 4.6 Thirteen weeks ending OCTOBER 26> 1992 from thirteen weeks ending: JULY 27, 1992 (13 weeks previous) 13.6 1.7 0.7 APR. 27, 1992 (26 weeks previous) 10.8 0.5 -0.6 OCT. 28, 1991 (52 weeks previous) 13.1 2.0 0.5 Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, May 1992 to August 1992, February 1992 to August 1992, and August 1991 to August 1992, respectively. Footnotes to Table 1 Consists of (1) currency outside.the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions} (2) travelers checks of nonbank issuers} (3) demand deposits at all commercial banks other than those due to depository institutions, the U.S. government, and foreign banks and official institutions, less cash items in the process of collection and Federal Reserve float} and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOH) and automatic transfer service (ATS) accounts at depository institutions, credit union share draft accounts and demand deposits at thrift institutions. Seasonally adjusted Ml is calculated by summing currency, travelers checks, demand deposits, and OCDs, each seasonally adjusted separately. Consists of Ml plus overnight (and continuing contract) RPs issued by all depository institutions and overnight Eurodollars issued to U.S. residents by foreign branches of U.S. banks worldwide, savings deposits (including monev market deposit accounts)* small-denomination time deposits (time deposits—including retail RPs — in amounts of less than $100,000 )j and balances in both taxable and tax-exempt general purpose and broker/dealer money market mutual funds. Excludes individual retirement account (IRA) and Keogh balances at depository institutions and money market funds. Also excludes all balances held by U.S. commercial banks, money market funds (general purpose and broker/dealer), foreign governments and commercial banks, and the U.S. government. Seasonally adjusted M2 is computed by adjusting its non-Mi component as a whole and then adding this result to seasonally adjusted Ml. Consists of M2 plus large-denomination time deposits (in amounts of $100,000 or more) and term RP liabilities issued by all depository institutions, term Eurodollars held by U.S. residents at foreign branches of U.S. banks worldwide and at all banking offices in the United Kingdom and Canada, and balances in both taxable and tax-exempt, institution-only money market mutual funds. Excludes amounts held by depository institutions, the U.S. government, money market funds, and foreign banks and official institutions. Also subtracted is the estimated amount O T overnight RPs and Eurodollars held by institution-only money market mutual funds. Seasonally adjusted M3 is obtained by adjusting its non-M2 component as a whole and then adding this result to seasonally adjusted M2. Consists of M3 plus the nonbank public holdings of U.S. savings bonds, short-term Treasury securities, commercial paper and bankers acceptances, net of money market mutual fund holdings of these assets. Debt of domestic nonfinancial sectors consists of outstanding credit market debt of the U.S. government, state and local overnments and private nonfinancial sectors. Private debt consists of corporate bonds, mortgages, consumer credit including bank loans), other bank loans, commercial paper, bankers acceptances and other debt instruments. The data are derived from the Federal Reserve Board's flow of funds accounts. All data on debt of domestic nonfinancial sectors are presented in month-average form, derived by averaging adjacent month-end levels. These data have also been adjusted to remove statistical discontinuities that may arise in the underlying flow of funds statistics. The presentation of debt data in this release differs, therefore, from the quarterly flow of funds statistics contained in the Federal Reserve releases Z,7 and Z.l. In those releases, published levels of credit market debt are measured on a quarter-end basis and include discontinuities. f H.6 ( 5 0 8 ) Table 3 MONEY STOCK MEASURES Billions of dollars Seasonally adjus ted Ml Period am ding 13-week average 4-week average M3 M2 week average 13-week average 4-week average week average 13-week average 4-week average week average 1992-AUG. 3 10 17 24 31 956.0 957.3 958.9 960.5 962.0 961.2 965.1 968.6 971.1 974.2 965.9 971.8 974.9 971.9 978.0 3466.3 3465.8 3465.7 3466.1 3466.5 3462.6 3465.5 3468.4 3470.1 3472.9 3464.5 3473.8 3472.5 3469.4 3476.0 4168.6 4167.4 4166.9 4166.5 4167.9 4166.1 4167.1 4169.3 4170.8 4175.4 4165.4 4172.1 4174.3 4171.2 4183.9 SEP. 7 14 21 28 964.1 966.7 969.9 973.2 976.9 979.6 984.4 987.7 982.8 985.6 991.0 991.2 3467.1 3468.1 3469.7 3471.8 3474.7 3477.5 3480.8 3482.0 3481.0 3483.6 3482.7 3480.7 4167.9 4168.9 4170.2 4171.9 4176.7 4180.4 4183.2 4181.1 4177.5 4189.0 4182.5 4175.4 OCT. 5 12 19p 26p 976.3 980.2 983.6 987.2 991.9 997.2 1000.7 1005.2 999.7 1006.8 1005.2 1009.1 3473.7 3476.6 3479.2 3481.8 3483.9 3487.7 3490.8 3494.7 3488.6 3498.9 3495.1 3496.2 4172.9 4174.8 4175.8 4177.2 4176.3 4177.2 4176.0 4178.1 4158.2 4192.5 4177.7 4184.1 Not seasonally adjusted Ml Period ending 13-week average 4-week average M3 M2 week average 13-week average 4-week average week average 13-week average 4-week average week average 1992-AUG. 3 10 17 24 31 953.7 956.1 958.4 960.6 962.1 960.6 963.5 967.0 970.1 969.9 965.3 980.0 975.4 959.8 964.4 3460.8 3462.4 3463.6 3465.1 3465.8 3464.1 3465.8 3468.8 3471.4 3470.1 3466.4 3485.9 3475.6 3457.6 3461.3 4164.0 4165.1 4166.2 4166.9 4168.1 4166.4 4168.7 4173.2 4176.5 4176.0 4172.4 4188.2 4182.1 4163.1 4170.7 SEP. 7 14 21 28 964.2 966.6 969.4 971.7 972.7 977.2 982.2 983.0 991.1 993.4 979.9 967.4 3466.6 3467.7 3469.0 3470.1 3470.8 3474.7 3476.9 3474.2 3488.5 3491.4 3466.5 3450.5 4168.0 4168.9 4169.8 4170.7 4175.3 4179.1 4179.8 4173.3 4185.4 4197.3 4165.7 4144.6 OCT. 5 12 19p 26p 973.5 976.2 979.4 982.7 985.7 988.3 994.0 999.7 1002.2 1003.5 1002.7 990.2 3471.1 3472.6 3475.1 3477.3 3474.7 3476.6 3483.8 3490.4 3490.4 3499.1 3495.2 3476.9 4170.7 4171.6 4172.1 4172.8 4166.1 4164.3 4165.7 4169.2 4156.7 4190.0 4171.6 4158.5 Note: Special caution should be taken in interpreting week-to-week changes in money supply datai which are highly volatile and subject to revision. p—indicates preliminary data. H.6 ( 5 0 8 ) Table 4 COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, seasonally adjusted Nontransactions components Other checkable deposits Demand deposits3 At commercial banks< 256.6 257.6 278.4 280.1 220, 223. JULY AUG. SEP. 259.3 261.3 262.9 279 280 280 OCT. NOV. DEC. 264.8 266.0 267.3 1992-JAN. FEB. MAR. Travelers checks2 At thrift . institutions5 Total In M 2 6 In M3 only 7 87.6 88.2 307.8 311.6 2554, 2554, 764.9 755.9 225, 229. 232, 87.8 87.8 88.2 313.7 317.3 320.6 2547. 2543. 2540. 749.8 747.0 741.0 283.8 287.6 289.5 235, 239, 241. 89.1 90.5 91.6 324.5 329.7 333.2 2537, 2540, 2541, 741. 735, 731, 269.4 271.6 271.8 293, 305, 309. 245.9 250.7 252.8 93. 95. 96. 339 346 349 2537, 2543, 2536. 726, 724, 715. APR. MAY JUNE 273.6 274.7 276.2 311, 315, 311, 252. 259. 259. 97. 97. 97. 350 356 356 2529. 2519. 2513. 707, 705, 702, JULY AUG. SEP. 278.9 282.3 286.4 315 320, 327.8 261. 263. 266. 97. 98. 100.0 358 362 366 2502. 2498, 2493, 699, 702, 697, Date Currency l 1991-MAY JUNE Heek ending 1992-AUG. 31 283.5 8.0 324.2 263.5 98.9 362.4 2498.0 707.9 SEP. 7 14 21 28 286.0 285.7 286.4 286.7 8.1 8.3 8.4 8.5 322, 325, 329, 331, 265.8 266.0 267.2 264.4 100.8 99.7 99.2 99.9 366.6 365.7 366.5 364.4 2498. 2498. 2491. 248?, 696.5 705.4 699.8 694.7 OCT. 5 12 19p 26p 287.4 288.7 288.6 288.8 8.6 8.6 8.6 8.6 331, 338, 336, 337, 268.8 269.6 270.4 273.7 103, 101, 101. 100. 372.0 371.5 371.6 374.6 2488. 2492. 2489. 2487. 669.5 693.6 682.6 688.0 1. 2. Currency outside U.S. Treasury» Federal Reserve Banks and the vaults of depository institutions. Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits. 3. Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions* the U.S. government and foreign banks and official institutions> less cash items in the process of collection and Federal Reserve float. 4. Consists of NON and ATS balances at commercial banks, U.S. branches and agencies of foreiqn banks, and Edge Act corporations. 5. Consists of NOH and ATS balances at thrifts> credit union share draft balances> and demand deposits at thrifts. 6. Sum of 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. 7. Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances ( institution-only)? Ifss * n e estimated amount of overniqht RPs and Eurodollars held by institution-only money market mutual funds. This sum is seasonally adjusted as a whole. e—indicates estimated data, p—indicates preliminary data. H.6 (508) Table 4-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars> seasonally adjusted Savings deposits 1 At At thrift commercial institutions banks Date Large-denomination time deposits 3 Small-denomination time deposits2 Total At At commercial thrift banks institutions Total General purpose and broker/dealer money market funds Institutiononly money market funds At At commercial thrift 4 banks institutions Total 1991-MAY JUNE 609.6 617.3 356.6 359.6 966.1 976.8 615.9 617.8 535.0 522.8 1150.9 1140.6 367.8 368.8 155.2 155.3 379.2 377.9 104.3 100.4 483.5 478.3 JULY AUG. SEP. 623.2 630.4 636.7 363.0 363.7 365.7 986.1 994.1 1002.4 617.5 621.2 619.5 512.0 499.6 491.5 1129.5 1120.8 1111.0 367.9 362.4 359.9 155.4 158.6 162.6 373.8 372.0 368.1 97.4 93.5 90.4 471.2 465.5 458.5 OCT. NOV. DEC. 645.7 655.4 664.9 369.3 373.3 377.7 1015.0 1028.7 1042.6 614.1 606.4 598.5 481.1 472.8 464.5 1095.2 1079.2 1063.0 359.3 359.5 360.5 168.2 173.6 179.1 362.6 357.1 354.0 87.4 85.1 83.1 450.0 442.3 437.1 1992-JAN. FEB. MAR. 676.0 688.9 695.2 385.2 395.0 402.7 1061.2 1083.9 1098.0 587.7 576.2 569.2 455.2 443.6 433.6 1042.9 1019.8 1002.8 358.6 361.7 358.3 182.4 188.2 185.3 346.4 341.7 336.8 81.4 79.1 76.1 427.9 420.7 413.0 APR. MAY JUNE 703.2 707.9 710.7 408.0 414.4 416.2 1111.2 1122.4 1127.0 566.0 558.1 551.5 419.2 410.7 404.7 985.3 968.7 956.2 355.9 356.7 355.5 189.2 194.8 199.7 331.9 329.6 325.5 73.8 71.3 69.8 405.7 400.9 395.3 JULY AUG. SEP. 716.3 724.3 734.4 418.1 421.3 425.1 1134.4 1145.6 1159.5 543.8 535.3 527.9 398.5 392.1 386.4 942.4 927.4 914.3 352.4 350.7 345.7 207.7 217.2 217.2 319.1 316.4 311.8 69.5 68.3 68.0 388.5 384.7 379.8 1992-AUG. 31 726.5 422.5 1149.0 532.3 390.0 922.3 351.2 221.2 314.9 67.9 382.8 SEP. 7 14 21 28 731.1 734.5 736.5 736.4 423.3 424.1 426.2 426.8 1154.4 1158.6 1162.7 1163.2 530.7 529.5 527.6 525.3 388.8 387.5 386.1 384.2 919.5 917.0 913.7 909.5 348.0 346.2 343.9 345.6 211.1 223.2 220.6 220.5 315.6 313.2 311.7 308.2 68.1 68.1 68.0 67.8 383.7 381.3 379.7 376.0 OCT. 5 12 19p 26p 737.5 743.1 743.9 744.5 426.7 427.1 428.0 429.1 1164.2 1170.2 1171.9 1173.6 522.7 521.3 519.5 518.1 381.3 378.7 377.4 375.5 904.0 900.0 896.9 893.6 342.8 347.7 350.7 349.4 193.2 211.1 203.3 210.1 307.2 309.6 306.0 301.3 ,68.3 68.2 67.8 67.6 375.5 377.8 373.8 368.9 leek ending 1. 2. Savings deposits include money market deposit accounts. Small-denomination time deposits—including retail RPs—are those issued in amounts of less than $100*000 All IRA and Keogh account balances at commercial banks and thrifts are subtracted from small time deposits 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, -indicates preliminary data Table 4-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars> seasonally adjusted Debt components4 Non-M3 Components of L Date Savings bonds Short-term Treasury securities1 Bankers acceptances2 1991-MAY JUNE 131.3 132.4 297.8 323.5 29.1 28.1 JULY AUG. SEP. 133.5 134.4 135.2 331.1 328.9 321.2 OCT. NOV. DEC. 136.1 137.1 137.9 1992-JAN. FEB. MAR. Federal debt Non-Federal debt 327.9 333.0 2582.4 2616.6 8359.0 8377.3 28.1 27.2 25.8 339.8 336.3 337.7 2639.9 2665.7 2686.0 8384.8 8394.0 8407.6 319.7 322.9 316.2 25.3 24.5 23.3 336.2 337.9 339.7 2713.9 2742.3 2764.8 8417.1 8429.0 8435.6 138.9 140.1 141.2 310.0 320.0 327.8 23.2 22.9 22.2 334.8 327.5 337.0 2782.6 2801.8 2841.7 8451.9 8481.0 8498.3 APR. MAY JUNE 142.4 143.5 144.6 327.7 329.0 333.5 21.6 22.0 22.0 341.7 329.4 347.1 2876.7 2906.2 2942.0 8512.1 8524.7 8539.7 JULY AUG. p 145.9 147.5 325.5 329.3 21.7 21.0 350.3 352.4 2968.2 2991.6 8558.0 8577.5 1. Commercial paper 3 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. 3. Total commercial paper less commercial paper held by money market mutual funds. 4. Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels* and have been adjusted to remove discontinuities. p—indicates preliminary data. 2. H.6 (508) Table 5 COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars> not seasonally adjusted Nontransactions components Other checkable deposits At commercial banks* Currency * Travelers checks 2 Demand deposits3 1991-MAY JUNE 257.4 259.1 7.8 8.1 271.7 279.9 217.2 222.0 JULY AUG. SEP. 260.8 262.0 261.7 8.5 8.6 8.3 280.9 278.8 278.6 OCT. NOV. DEC. 263.1 266.3 270.0 8.0 7.7 7.7 1992-JAN. FEB. MAR. 267.8 269.5 271.0 APR. MAY JUNE JULY AUG. SEP. Date Total In M2* In M3 only* Overnight RPs 8 Overnight Eurodollars9 87.7 89.0 304.9 311.0 2547.1 2549.9 768.1 757.1 51.3 52.3 17.2 15.6 223.1 226.9 230.6 89.0 88.3 88.2 312.1 315.1 318.7 2548.3 2544.9 2536.8 748.0 750.8 741.0 51.2 53.1 52.3 13.8 14.5 14.6 283.7 291.1 303.0 232.0 238.1 244.8 88.6 90.7 91.7 320.6 328.8 336.5 2537.9 2541.1 2536.5 736.6 734.2 728.0 53.8 54.3 53.7 16.3 19.5 22.6 7.8 7.8 7.7 300.0 296.3 302.0 250.7 250.5 254.2 91.8 92.7 95.8 342.5 343.2 350.0 2537.5 2544.9 2545.7 723.1 726.4 720.4 55.9 58.4 54.2 21.9 19.4 20.6 273.4 275.7 277.3 7.6 7.7 8.2 312.9 307.5 310.6 261.4 255.8 257.8 99.4 97.3 98.3 360.8 353.1 356.1 2535.1 2511.6 2508.5 706.2 708.6 703.2 53.5 51.0 53.0 19.3 18.4 19.3 280.8 282.9 284.7 8.6 8.8 8.9 317.2 319.2 325.4 257.8 260.8 264.0 98.6 98.9 100.0 356.4 359.7 364.1 2502.8 2500.4 2490.7 697.9 705.9 696.8 53.8 59.7 57.2 19.0 16.5 17.3 thrift institutions* Week ending 1992-AUG. 31 281.6 8.8 318.3 258.4 97.2 355.7 2496.9 709.5 60.8 16.4 SEP. 7 14 21 28 286.5 285.0 284.5 283.5 8.8 8.8 8.9 8.9 324.8 330.6 323.2 320.9 268.1 267.6 264.1 257.5 102.8 101.4 99.4 96.6 370.9 369.0 363.4 354.1 2497.5 2498.0 2486.6 2483.1 696.9 705.9 699.1 694.1 59.7 57.5 55.0 56.0 15.7 16.8 16.6 19.2 OCT. 5 12 19p 26p 286.0 288.2 287.0 286.2 8.9 8.8 e 8.7 e 8.6 e 337.0 336.2 339.2 330.7 267.4 268.0 266.8 266.1 102.8 102.3 101.0 98.5 370.2 370.3 367.8 364.7 2488.2 2495.6 2492.5 2486.6 666.3 690.9 676.4 681.7 59.0 55.7 56.3 55.3 20.1 19.3 18.6 18.9 •* 1. 2. Currency outside U.S. Treasury. Federal Reserve Banks and the vaults of depository institutions. Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits. 3. Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions, the U.S. government and foreign banks and official institutions, less cash items in the process of collection and Federal Reserve float. 4. Consists of NOH and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations. 5. Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts. 6. Sum of overnight RPs and Eurodollars, money market fund balances (general purpose and broker/dealer 1> savings deposits (including money market deposit accounts) and small time deposits. 7. Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances <institution-only I> less the estimated amount of overnight RPs and Eurodollars held by institution-only money market mutual funds. 8. Consists of overnight and continuing contract RPs issued by all depository institutions to other than depository institutions and money market mutual funds (general purpose and broker/dealer). 9. Issued by foreign branches of U.S. banks worldwide to U.S. residents other than depository institutions and money market mutual funds (general purpose and broker/dealer). e—indicates estimated data, p—indicates preliminary data. H.6 C508) Table 5-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars* not seasonally adjusted Savings deposits 1 At At commercial thrift banks institutions Date Large-denomination time deposits 3 Small-denomination time deposits2 Total At . At commercial thrift banks institutions Total General purpose InstitutionAt and broker/dealer only money c o m m e r c4i a l thrift money market funds market funds institutions banks Total 1991-MAY JUNE 609.3 620.0 356.4 361.1 965.8 981.1 614.2 615.7 533.5 521.0 1147.7 1136.7 365.1 364.2 155. 152. 380.4 379.1 104.6 100.7 485.0 479.9 JULY AUG. SEP. 626.1 631.9 635.8 364.7 364.6 365.1 990.9 996.5 1001.0 617.3 620.8 619.1 511.9 499.3 491.2 1129.2 1120.0 1110.3 363.3 360.7 358.7 151. 156. 157, 373.5 373.8 369.7 97.3 93.9 90.8 470.8 467.8 460.5 OCT. NOV. DEC. 644.6 655.3 662.4 368.7 373.2 376.3 1013.3 1028.5 1038.7 615.2 606.9 598.7 482.0 473.2 464.6 1097.1 1080.1 1063.4 357.4 358.6 358.1 163. 172, 180. 362.8 356.9 352.8 87.4 85.1 82.8 450.2 441.9 435.5 1992-JAN. FEB. MAR. 672.3 685.2 696.8 383.1 392.9 403.7 1055.4 1078.1 1100.5 589.5 577.6 569.5 456.6 444.7 433.7 1046.1 1022.4 1003.2 358. 366. 367. 188. 1 196, 9 191.4 344.0 340.6 337.3 80.9 78.8 76.2 424.9 419.4 413.5 APR. MAY JUNE 706.1 708.0 714.1 409.6 414.4 418.2 1115.7 1122.4 1132.2 565.5 556.4 549.5 418.8 409.4 403.2 984.3 965.8 952.7 362, 354, 351, 190. 195. 195, 330.9 330.9 326.8 73.6 71.5 70.1 404.4 402.4 396.9 JULY AUG. SEP. 719.8 726.2 733.4 420.2 422.4 424.5 1140.0 1148.5 1157.9 543.6 534.9 527.5 398.4 391.9 386.1 942.0 926.7 913.7 348. 349, 344, 202.2 213.8 210.0 318.9 318.0 313.0 69.4 68.6 68.3 388.3 386.6 381.3 Meek ending 1992-AUG. 31 725.9 422.1 1148.1 531.6 389.5 921.1 350.6 216.6 317.4 68.4 385.8 SEP. 7 14 21 28 733.3 736.5 733.6 731.0 424.6 425.2 424.4 423.7 1158. 1161. 1158. 1154. 530.3 528.8 526.9 525.3 388 387 385 384 918.8 915.8 912.5 909.5 345, 346, 344. 343. 205, 217. 213, 210, 317, 314. 312. 309. 68.4 68.5 68.2 68.0 385..6 383..4 380.8 377.0 OCT. 5 12 19p 26p 736.9 744.1 743.2 741.0 426.3 427.6 427.6 427.1 1163.1 1171.8 1170.7 1168.1 524, 522, 520, 518, 382.4 379.8 378.0 375.9 906.5 902.7 898.5 894.5 339. 346. 348. 349.8 183, 205, 195.8 206.7 308. 310. 305, 300, 68 68 67 67 376, 378. 373, 368. 1. 2. Savings deposits include money market deposit accounts. Small-denomination time deposits — includinq retail RPs—are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and thrifts are subtracted from small time deposits. 3. Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities. 4. Large7denomination time deposits at commercial banks less those held by money market mutual funds, depository institutions, and foreign banks and official institutions. p—indicates preliminary data. H.6 (508) Table 5-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, not seasonally adjusted Term RPs 1 At At c ommercial thrift banks institutions Date Debt components6 Non-M5 Components of L Total Term Eurodollars2 Savings bonds Short-term Treasury ^securities3; Bankers acceptances4 Commercial paper5 Federal debt Non-Federal debt 1991-MAY JUNE 48.5 49.1 52.1 29.5 80.4 78.4 62.5 61.6 151.6 152.7 290.5 512.5 28.7 27.8 554.0 554.9 2560.6 2586.4 8554.0 8557.9 JULY AUG. SEP. 49.7 49.0 48.5 29.1 29.2 28.2 78.7 78.2 76.5 62.7 65.6 61.5 155.6 154.5 155.0 522.5 525.4 522.2 27.9 27.2 25.5 558.8 555.1 555.8 2609.5 2642.9 2675.1 8566.8 8572.5 8587.7 OCT. NOV. DEC. 49.2 48.5 47.4 26.1 24.9 25.0 75.2 75.5 70.4 62.8 61.5 57.2 155.9 156.8 157.7 525.7 551.9 528.6 25.1 25.2 24.5 551.5 555.8 555.8 2707.6 2740.8 2765.0 8598.0 8408.7 8425.5 1992-JAN. FEB. MAR. 48.5 49.5 51.5 21.8 22.1 21.5 70.5 71.5 75.0 55.5 55.9 57.9 158.8 140.1 141.4 518.7 521.0 528.8 25.7 22.7 21.8 558.7 550.4 558.0 2782.5 2799.1 2854.7 8459.5 8451.9 8465.6 APR. MAY JUNE 51.7 52.9 52.8 20.5 20.1 20.2 72.2 75.0 75.0 55.0 52.8 51.8 142.7 145.9 144.9 522.6 520.9 521.8 21.5 21.6 21.7 545.0 555.4 548.8 2865.5 2884.1 2912.2 8482.7 8500.2 8521.9 JULY AUG. SEP. 51.5 55.0 54.9 20.4 18.9 18.5 71.6 71.9 75.2 50.5 49.5 46.7 146.0 147.4 p 517.1 525.7 p 21.6 21.0 p 549.5 549.0 p 2957.5 2970.5 p 8545.5 8560.8 p Heek ending 1992-AUG. 51 54.7 18.4 75.1 49.2 SEP. 7 14 21 28 55.7 54.6 55.2 56.0 18.5 18.4 18.2 18.0 72.5 75.0 75.4 74.0 47.4 46.5 46.2 46.6 OCT. 5 12 19p 26p 55.4 56.5 56.1 58.4 18.4 18.7 18.8 19.0 75.7 75.2 74.9 77.4 46.8 47.1 46.0 45.8 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. 5. 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, 6. P" -indicates preliminary data. H.6 (508) Table 6 MEMORANDUM ITEMS 10 B i l l i o n s of dollars> not seasonally adjusted Demand deposits at banks due to U.S. government deposits Time and savings deposits due to Foreign Foreign foreign banks and official commercial m official banks institutions institutions Date Demand deposits at commercial banks Balance at Federal Reserve Note balances at depository institutions Total cash balance IRA and Keogh Accounts Time and savings deposits^ at commercial banks At At thrift commercial institutions banks At money market funds Total 1991-MAY JUNE 8.2 7.6 16. 18. 25.4 29.9 138. 140. 135.5 135.4 44.9 43.9 319.3 319.6 JULY AUG. SEP. 8.0 7.9 7.8 17, 13, 21. 27, 22, 34, 141.8 143.1 144.4 134.6 133.2 131.6 42.2 42.8 43.3 318.5 319.1 319.4 OCT. NOV. DEC. 7.7 7.9 8.1 25. 24. 20. 34. 34. 32.8 145, 147. 147. 131.2 131.2 131.2 43.4 43.0 42.3 320.5 321.3 321.2 1992-JAN. FEB. MAR. 8.3 7.6 7.6 7. 6. 5. 27. 20. 15. 40. 31, 25, 148.3 148.4 147.8 130.9 129.7 128.9 43.5 44.6 42.1 322.7 322.7 318.8 APR. MAY JUNE 7.9 7.8 8.0 4. 5. 6. 11.9 16.8 19.9 22. 26. 31.8 148.4 148.6 147.9 128.2 127.5 126.7 40.4 40.3 39.3 316.9 316.4 314.0 JULY AUG. SEP. 8.4 7.7 8.2 5. 5. 10. 15. 18. 23, 25.5 28.0 39.2 147.6 147.5 147.6 125.7 e 124.6 e 123.7 e 38.9 e 38.7 e 38.5 e 312.2 310.8 309.7 Week ending 5.8 20.5 29.8 SEP. 7 14 21 28 7.7 8.8 7.9 8.1 6. 5. 9, 21. 13.8 8.8 32.1 35.7 23. 19. 51. 60, OCT. 5 12 19p 26p 9.2 7.9 8.1 7.7 10. 5. 4. 5. 31 15 13 15 46. 23. 22. 24. 1992-AUG. 31 7.5 1.5 e — i n d i c a t e s estimated data, p — i n d i c a t e s preliminary data. 6.6 3.5 2.6