Full text of H.6 Money Stock Measures : November 8, 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 (508)
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

MOVEMEEB

Billions of dollars
M1
Sum of currency,
travelers checks,
demand deposits and
other checkable deposits1

Date

M2
M3
M2 plus
M1 plus overnight RPs
large time deposits,
and Eurodollars,
MMMF balances (gen. pur. term RPs, term Eurodollars
and institution-only
and broker/dealer), MMDAs,
MMMF balances3
and savings and small
2
time deposits
Seasonally adjusted

8,

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors5

1 9 8 3 — SEPT.
OCT.
NOV.
DEC,

519.0
521.7
523.1
525.4

2148.0
2167.3
2182.2
2196.3

2639.1
2658.9
2689.3
2710.4

3100.2
3116.4
3147.2
3178.7

5080.1
5124.7
5170.6
5224.8

1984—JAN.
FEE.
MAR,
APE.
MAY
JUNE
JULY
AUG.
SEPT.

530.1
533.0
535.3
535.5
541,2
546.3
545.8
546.7
548.9

2206.8
2222.6
2230.0
2242.9
2258.6
2272.1
2281.9
2291.1
2306.7

2723.8
2747.0
2767.8
2792.4
2818.3
2839.5
2860.5
2872. 1
2891.3

3201.4
323U6
3273.6
3299.3
3330.3
3371.3
3407.0

5282,7
5340.5
5394.2
5452.3
5513.9
5566,4
5628.0
5693.3

198U

Not seasonally adjusted
1983—SEPT.
OCT.
NOV.
DEC,

516.3
522.4
526.8
537.9

2142.3
2167.2
2181.3
2198.1

2633.7
2657.6
2690.4
2716.5

3088.0
3112.4
3148.4
3189.4

5066.9
5114.4
5158.7
5218.7

1984—JAN.
FEE.
HAH.
APR.
HAY
JUNE
JULY
AUG.
SEPT.

535.0
522.0
528.2
543.3
535.0
545.6
547.5
542.7
546.3

2210.6
2212.5
2231.0
2254.7
2253.5
2273.9
2287.0
2288.5
2300.2

2729.7
2739.7
2769.0
2800.9
2813.6
2838.2
2859.3
2870.3
2885.6

3212.9
3233.1
3279.9
3310.8
3326.2
3367,4
3399.1

5275.8
5321.4
5370.7
5426.5
5487.5
5544.4
5607.7
5674.9

13-week average

Seasonally adjusted
4-week average

M1
For period ended

1984-SEPT. 3
10
17
24
OCT.

1

8
15
22 P
29 P

NOTE:

546.2
546.6
546.9
546.9

546.8
548.5
548.7
548.5

547.1
547.0
547.0
547.0
547. 1

549.2
547.2
546.8
546.4
545.4

week average

13-week average

Not seasonally adjusted
4-week average

54 5.3
553.4
549.0
546.4

545.0
545,5
545.7
545.8

544.4
546.3
547. 1

548.0
545.4
54 7.3
544.7
544. 1

545.4
544.9
544.9
545.0
545. 1

546.5
545. 1
545.6
547. 1
546.0

541.9

week average

542.8
557. 9
551.4
536. 1
540.4
552.3

553.5
542.2
535.9

SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING HEEK-TO-iEEK CHANGES IN HONEY SUPPLY DATA, WHICH APE
HIGHLY VOLATILE AND SUBJECT TO REVISION.
P—INDICATES PRELIMINARY DATA.
FOOTNOTES tPPEAR ON THE FOLLOWING PAGE




Table 2

MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES
Percent change at seasonally adjusted annual rates

M1

M2

M3

Debt1

3 MONTHS FROM JUNE

1984 TO SEPT, 1984

1.9

6. 1

7.3

13.0

6 MOUTHS FROM AAfi.

1984 TO SEPT. 1984

5.1

6.9

8.9

13.2

12 MOUTHS FBOM SEPT. 1983 TO SEPT. 1984

5.8

7.4

9.6

13.0

THIBTEEN WEEKS ENDING OCT. 29, 1984
FfiOM THIRTEEN WEEKS ENDING:

1/

1/

2/

3/

4/
5/

JULY

30, 1984 (13 WEEKS PBEVIOUS)

1.8

APR.

30, 1984 (26 SEEKS PBEVIOUS)

4.6

OCT.

31, 1983 (52 HEEKS PBEVIOUS)

5.4

GBOWTH KATES FOB DEBT ABE BASED ON PEBIODS BEGINNING AND ENDING ONE MONTH EABLIEB THAN FOB IHE HONETABY AGGBEGATES,
NAMELY, MAY 1984 TO AUGUST 1984# FEBBUABY 1984 TO AUGUST 1984, AND AUGUST 1983 TO AUGUST 1984, BESPECII?ELY.
FOOTNOTES TO TABLE 1
CONSISTS OF (1) CUBBENCY OUTSIDE THE TBEASURY, FEDEBAL BESEBVE BANKS, AND THE VAULTS OF COMftEBCIAL BANKS;
(2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMEBCIAL BANKS OTHEB 1HAN THOSE DUE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS
OF COLLECTION AND FEDEBAL RESERVE FLOAT; AND (4) OTHEfi CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIAtLE OBDEB
OF WITHDRAWAL (NOW) AND AUTOMATIC TBANSFEB SERVICE (ATS) ACCOUNTS AT DEPCSITOBY INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THBIFT INSTITUTIONS. THE CURBENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIB OCD LIABILITIES.
CONSISTS OF Ml PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMEBCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE, MMEAS, SAVINGS AND SMALL DENOMINATION
TIhE DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL RPS—IN AMOUNTS OF LESS THAN $100,000), AND BALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BBOKER/DEALEB MONEY MARKET MUTUAL iUhDS. EXCLUDES IRA AND KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS JND MONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. CCMMERCIAL
BANKS, MONEY MARKET FUNDS (GENERAL PUBPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT BEPBESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THBIFT INSTITUTIONS TO SEBVICE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF H2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OB MORE) AND TERM RP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BBANCHES OF U.S. EINKS
WORLDWIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, A*D BALANCES IN BOTH TAXABLE AKD TAX-EXEMPT
INSTITUTION-ONLY MONEY MABKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVEBNMENT, MONEY
MARKET FUNDS, AND FOBEIGN BANKS AMD OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY MONEY MABKET MUTUAL FUliDS.
CONSISTS OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHOBT-TERM TREASURY SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF WCNEY MARKET MUTUAL FUND HOLDINGS CF THESE ASSETS.
DEBT OF DOMESTIC NQNFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEET OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE BONES, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, CCMMERCIAL PAPER, BANKERS ACCEPTANCES AND OTHEB DEET
INSTRUMENTS. THE DATA ARE DERIVED FROB THE FEDERAL RESERVE BOARD'S FLOW CF FUNDS ACCOUNTS. ALL DATA CN DEBT OF DOMESTIC
NONFINANCIAL SECTORS ARE PRESENTED IN MCNTH-AVER AGE FORM, DERIVED BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT Rkt ARISE IN THE UNDERLYING FLOW OF FUNDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FKOM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED IN
IN THE FEDERAL RESERVE RELEASES Z.7 AND 2.1. IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEET ARE MEASURED CN A
A QUARTER-END BASIS AND IhCLUDE DISCONTINUITIES.




H.«(BOJ)
»3

COMPONENTS OP THE MONEY STOCK
OHMoos of oowan,

Oats

3

iju.l.i

Owmjftey'

TMBJStSm
onsota i*

Oam*INI
asaoaNS*

Ottisr
ensokaMS
4
aspos ts

onsnts
In M3\
In Ml*
on*/
Oi

i

at

at
thrift

at
Mai

SftN iM tints ospositv
at
tnfff
fatal

tanmtomt top* Ms9
at

at

ttwM

\

1

tsta1

180, 5

317. 9

banks
338. 2

180. 2
179. 2
178. 2

317. 1
315. 4
312. 9

344. 8
350c 0
353. 1

428. 2
435. 5
440. 0

773. 0
785. 5
793. 1

221.2
223.7
225.1

93. 9
96. 6
100. 4

315. 1
320. 3
325. 4

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

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

578. 5
581. 0
584.

127.4
126.3
125.9

175. 6
173. 4
173. 0

303. 0
299, 8
298. 9

371. 8
377. 9
382. 3

473. 3
484. 2
492. 8

845. 2
862. 0
875. 1

254.8
255.3
257.8

134. 2
136. 7
135. 1

389. 0
391. 9
392. 9

banks
137.4

144.8

4. 7

243 . 0

126, 5

1629. 0

491. 2

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

137.0
491.
5 0 7 . 1 | 136. 1
134.6
514. 1

1984-JAN.
FED.
MAR.

149.9
150.2
150.9

4. 9
5. 0
5. 0

244 .5
243,.8
244,.0

130. 8
134. 0
135. 4

1676. 7
1689. 6
1694. 8

517. 0
524. 4
537. 7

APR.
MAY
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

JULY
AUG.
SEPT.

155.0
156.0
156.7

5. 2
5. 2
5. 1

247. 1
245. 5
246. 4

138. 5
139. 9
140. 8

1736. 1
1744. 4
1757. 8

1983-SEPT.

*rtngs*t o o *

banks *

420. 7

759. 0

223.2

89. 4

312. 7

WEEK ENDING
1984
SEPT. 3
10
17
24
OCT.

1/
2/
3/

4/

5/
6/
7/
8/
9/
10/

1
8
15
22 P
29 P

156.5
156.2
156.3
156.4

243.
248.
246.
244.

2
7
5
9

140. 4
143. 4
141. 1
140. 0

125.9
126.3
126.0
125.6

380.
381.
382.
382.

5
3
0
9

254. $
255.0
257.3
259.6

157.3
157. I
157.3
157.4
157.6

247. 3
243. 1
245. 1
242. 6
242. 8

138. 3
140. 2
139. 9
139. 6
138. 7

125.4
125.7
125.4
125. 1
124.7

384.
385.
384.
384.
384.

4
0
8
5
3

260.5
26L5
262.3
263.4
263.4

CURRENCY OUTSIDE THE U.S. TREASURY* FEDERAL RESERVE BASKS AND VAHLTS OF COHMERCIAL BANKS. EXCLUDES THE ESTIMATED
ABOUNT 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 COHMERCIAL 3ANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE 0.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CKSU ITEMS IN THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT.
EXCLUDES THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL 3ANKS 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 ?LUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDED ARE ALL CEILING
FREE "SUPER NOWS," 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),'
MMDAS, 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 THEIB TIME AND SAVINGS DEPOSITS LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND TERM EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FOND BALANCES (INSTITUTIONONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMCUNT OF OVERNIGHT BPS AHD EURODOLLARS HELD BY
INSTITUTION-ONLY MONEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE HMDAS.
SMALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL E P S — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IHA) AND 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 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 (506)
Table 4

COMPONENTS OF LIQUID ASSETS AND DEBT
Billions of dollars, seasonally adjusted
Date

2/
3/
4/

Non-M3 components of L
short-term treasury
bankers acceptances2
securities1

commercial paper*

Debt components4
non-federal debt
federal debt

70.3
70.5

222.9
221.5

43.6
43.7

121.0
125.3

1122.4
1137.1

3914.5
3943.0

OCT.
MOV.
DEC.

70.7
70.8
71.0

218.4
217.2
223.3

42.8
42.9
43.3

125.7
126.9
130.8

1151.3
1163.6
1173.1

3973.4
4007.0
4051.7

1984-JAM.
FEB.
fllfi.

71.2
71.7
72.2

226.6
231.7
245.8

42.7
41.6
42.4

137. 1
139.6
145.4

1192.2
1216.2
1224.9

4090.4
4124.3
4169.3

APR.
HAY
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
1252.5
1260.2

4215.8
4261.4
4306.3

JULY
AUG.

73-2

262.8

47.3

163.2

1276.8
1299.3

4351.2
4394.0

1983-AOG.
SEPT.

1/

savings bonds

CONSISTS OF U.S. TREASURY BILLS AMD COUPONS WITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BY CTHER THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, MONEY MARKET MUTUAL FUNDS AND FOREIGN ENTITIES.
NET OF LANKF.HS ACCEPTANCES BELL BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND MONEY MARKET BUTOAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.
D-EBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-MONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE 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

Overnight
RPs*

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

Currency

Travelers
checks2

144.3

5.0

242.0

93.4

31.7

125.0

1626.0

491.4

42.8

10.7

137.9

OCT.
MOV.
DEC.

145.7
147.9
150.5

I1.8
l1.6
I1.6

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

1.6
J.7
1.8

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,
HAT
JUNE

151.5
152.9
154.9

4.8
5.0
5.4

247.8
241,3
247.0

102.8
99.7
101.1

36.4
36.2
37.2

139.1
135.9
138.3

1711.4
1718.5
1728.3

546.2
560.0
564.3

46.4
47.0
43.9

11.1
12.1
12.6

145.9
146.5
148.9

JOLT
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
1753.9

572.3
581.7
585.4

43.2
45.2
44.3

13.7
13.6
12.9

150.5
150.5
151.9

Oate

1983-SEPT.

1

Demand
deposits'

at commercial
banks4

at thrift
institutions9

total

inM2*

in M3 only'

MEEK ENDING:

1984-SEPT.

OCT.

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

3
10
17
24

156.7
157.7
156.4
155.5

242.2
251.4
249.0
239.2

100.6
104.0
102.5
99.0

37.7
39.3
38. 1
37.0

138.3
143.2
140.6
136.0

45.5
44.1
44.1
44.6

13.8
11.7
12.6
13.9

150.8
150.9
152.3
152.4

1
8
15
22 P
29 P

155.3
158.1
157.3
156.6
155.6

243.6
247.2
250.0
242.1
239.0

98.8
102.6
102.2
100.3
98.8

37.4
39.2
38.9
38. 1
37.5

136.3
141.8
141. 1
138.3
136.3

43.9
42.9
44.0
45.1
46.4

12.8
12.4
11.2
13.1
13.0

152.7
153.2
155.3
156.4
156.8

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND THE VAULTS OF COMMERCIAL BARKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BT THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AHOUNT OF U.S. DOLLAR-DENOfllNATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BT DEPOSITOR!
INSTITUTIONS ARE INCLUDED IN DEHAND DEPOSITS.
DEMAND DEPOSITS AT COHHERCIAL 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 DEHAND
DEPOSITS HELD AT COHHERCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF NOB AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER NOWS OF $32.9 BILLION IN THE WEEK ENDED OCTOBER 15, $32.4 BILLION IN THE MEEK ENDED OCTOBER
22, AND $32.2 BILLION IN THE iEEK ENDED OCTOBER 29.
CONSISTS OF NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEHAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOWS OF $12.3 BILLION IN THE WEEK ENDED OCTOBER 15, $12.1
BILLION IN THE KEEK ENDED OCTOBER 22, AND $12.0 BILLION IN THE WEEK ENDED OCTOBER 29,
SUM OF OVERNIGHT RPS AND EURODOLLARS, MONET MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), HHDAS AND SAVINGS
AND SHALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BI 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 THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT BPS 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
HONEY 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
MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).




H.6 (508)
Table 5-continued

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

Date

1983-SEPT.
OCT.
MOV.
DEC.

1984-JAN.
FEB.
BA£.
APR.
MAY

JUNE
JULY
AUG.
SEPT.

Money market deposit accounts
at
at
thrift
commercial
total
banks
institutions

at
commercial
banks

Savings deposits
at
thrift
institutions

total

Small denomination time deposits2
at
at
total
commercial
thrift
institutions
banks

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

221.1

148.4

369.5

136,4

179.8

316.2

337.3

419.0

756.3

223.7

90.5

314.3

223.4
227.1
230.0
234.2
238.3
242.6
245.4
244.3
244.9
243.9
242.6
243.8

147.1
145.6
145.9
146.2
147.7
149.9

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

380.3
386.0
392.5
396.4
394.6
392.9

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

130.5
129.9
129.7
128.9
126.4
124.7

178.1
178.3
178.8

308.7
308.2
308.5
306.7
299.7
296.7

356.5
360.5
365.4

454.2
457.2
463.6

810.7
817.6
629.0

233.4
241.3
247.0

116.2
123.3
128.2

351.6
364.6
375.1

370.8
377.6
381.7

473. 1
482.6
490.7

843.9
860.2
872.4

251.5
255.6
256.8

132.9
136.9
136.9

384.5
392.5
395.6

151.0
150.2
148.0
145.3
141.2
139.6

389.2
383.8
383-4

177.7
173.4
171.9

SEEK ENDING
1984
SEPT. 3
10
17
24
OCT.

1/
2/
3/
4/

1
8
15
22 P
29 P

243.1
244.6
244.5
242.9
243.5
245.1
246.7
247.3
249.0

125.2
125.5
124.8
124.1

379.7
380.6
381.4
382.4

256.4
256.2
257.7
260.5

124.3
124.9
124.3
123.5
122.7

383.1
383.9
383.9
384.0
383.6

261.8
262.5
262.9
264.0
264.6

SAVINGS DEPOSITS EXCLUDE MMDAS.
SMALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL EPS — 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 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 (IBFS).
LARGB DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY MONE¥ MARKET MUTUAL FUNDS, DEPOSITORY
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (508)
Table 5-continued

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

1983-SEPT.

Institution
only money
market funds

41.8

at commercial
banks

31.9

at thrift
institutions

total

16.1

48.0

Term
Eurodollars2

Savings
bonds

90.7

70.4

Noo M3 Components of L
Short-term
Bankers
treasury
acceptances4
securities1

Components of Debt
Commercial
paper4

Federal debt*

Non-Federal*
debt

216.6

43.7

123.5

1134.0

3932.8

124.8
128.0
134.1

1147.6
1156.0
1170.2

3966.8
4000.8
4048.5

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

1984-JAM.
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

4086.0
4110.6
4147.1

APR.
NAY
JOKE

45.0
45.3
45.7

36.2
35.7
32.5

23.6
25.9
27.1

59.8
61.6
59.6

93.3
93.3
88.2

72.3
72.6
72.8

246.2
240.8
249.0

42.4
44.7
46.2

148.9
154.7
161.1

1235.9
1248.7
1255.8

4190.6
4238.8
4288.6

JULI

46.1
46.2
46.9

31.4
34.3
35.0

28.2
29.1
29.8

59.6
63.4
64.7

86.6
84.5
83.2

73.0

256.0

46.5

164.2

1270.8
1295.8

4336.9
4379.2

46.2
46.0
46.4

47.0

35.0
33.3
34.4
36.3

48.8
49.1
51.3
53.0
54.9

35.8
35.7
35.8
37.5
38.3

AUG.

SEPT.
SEEK ENDING:
1984-SEPT. 3
10
17
24
OCT.

1

8
15

22 P
29 P

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

TERN RPS ABE THOSE ilTH ORIGINAL MATURITIES GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTBACTS AND RETAIL RPS.
TERH EURODOLLARS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAT. CONSISTS OP THOSE ISSUED TO U.S. RESIDENTS BT
FOREIGN BRANCHES OP U.S. BANKS WORLDWIDE AND BY ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BT DEPOSITORY INSTITUTIONS AND NONET HARKET MUTUAL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BT OTHER THAN DEPOSITORT
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, THE FEDERAL
HOME LOAN BANK SYSTEM AND HOMEY MAHKET 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-MONTH LEVELS OF ADJACENT MONTHS, AND H*VE 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

1983-SEPT.

foreign
official
institutions

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

IRA and Keogh Accounts

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

time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

money
market
mutual funds

total

8.1

2.0

7.3

3.2

7.4

14.8

25.3

0-8

28.5

37.6

5.0

71.1

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

DEC

8.0
8.4
8.2

4.7
7.6

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

1964-JAM.
FEB.
BAR.

8.3
8.5
8.1

1.8
1.9
1.9

7.0
6.8
6.9

3.1
3.1
3.0

4.7
4.5
4.0

16.5
19.2
14.5

24.2
26.8
21.5

0.9
0.9
0.9

31.0
32.7
34.7

41.0
42.8
44.6

5.2
5.5
5.7

77.3
81.0
8S.0

APfi.
HAT
JOKE

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

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
A0G.
SEPT.

8.2
8.0
8.0

1.8
1.8
1.9

7.3
7.5
7.6

2.8
2.9
3.4

4.0
3.6
6.2

9.0
7.5

15.8
13.9
23.7

0.8
0.8
0.8

40.6
41.4
42.0

50.7
51.0
51.2

6.2
6.3«s
6.3e

97.5
98. 7e
99. 5e

8.1
8.3
7.9
7.9

1.8
1.9
1.9
1.9

7.5
7.6
7.6
7.6

2.3
3.2
4.8
3.3

4.1
3.9
5.C
8.4

14.0
14.6
20.9
32.5

0.8
0.6
0.8
0.8

7.7
8.3
8.3
7*9
7.9

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
3.6

32.1
16.0
10.7
11.6
17.6

0.8
0.8
0.9
0.9
0.9

OCT.
NOV.

8.5

14.1

MEEK E I D I M G :
1984
SEPT. 3
10
17
24
OCT.

1
6
15
22 P
29 P

e » estimated




7.5
7.4

10.5
20.7
21.7
8.6
4.1
6.1
11.5