Full text of H.6 Money Stock Measures : October 19, 1995

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

"

'

-

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES 6

For release at 4:30 p.m. Eastern Time

Billions of dollars

Date

OCTOBER 19,1995

M11

M22

M33

DEBT*

Seasonally adjusted
1993-OCT.
NOV.
DEC.

1113.5
1122.4
1128.6

3564.4
3576.7
3583.6

4222.6
4234.2
4242.3

5116.0
5128.5
5145.8

12220.2
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
3616.7
3614.9
3614.0
3610.1
3611.8
3616.8

4245.7
4231.8
4240.4
4250.5
4251.2
4256.2
4274.2
4273.8
4279.9
4286.4
4291.9
4304.0

5157.5
5160.5
5171.7
5180.5
5195.8
5191.9
5217.0
5226.5
5224.7
5237.5
5248.6
5269.9

12384.3
12434.7
12499.9
12557.6
12613.4
12652.6
12679.5
12744.8
12804.0
12850.8
12917.8
12959.6

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

1149.0
1147.3
1147.9
1149.7
1143.0
1143.9
1145.1
1143.7
1140.1

3628.8
3624.6
3632.3
3645.5
3662.1
3698.3
3717.5
3743.2
3757.6

4327.0
4336.7
4360.0
4382.9
4412.3
4459.4
4490.5
4519.1
4535.1

5295.3
5335.2
5378.3
5405.5
5434.0
5471.6
5524.2
5559.1 p

13014.7
13094.7
13155.9
13228.1
13319.2
13374.8
13411.4
13450.9 p

1993-OCT.
NOV.
DEC.

1112.1
1129.5
1153.7

3561.3
3584.2
3606.1

4217.1
4246.5
4266.1

5107.3
5147.9
5180.3

12181.7
12249.0
12333.7

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
3615.5
3607.4
3603.5
3607.1
3620.1
3640.4

4254.7
4221.6
4238.0
4264.0
4240.2
4249.8
4267.9
4267.3
4267.5
4281.5
4306.3
4330.1

5179.1
5153.3
5172.2
5192.4
5175.5
5180.4
5204.6
5215.2
5205.3
5228.6
5270.7
5307.5

12376.8
12408.0
12460.7
12499.3
12540.8
12597.3
12631.2
12692.6
12760.2
12812.0
12889.9
12951.6

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

1158.6
1134.3
1138.1
1158.7
1132.1
1139.3
1144.1
1137.3
1136.1

3635.3
3610.8
3630.3
3661.9
3649.7
3693.8
3716.9
3736.2
3747.4

4336.6
4325.4
4355.8
4394.6
4402.0
4453.1
4483.8
4512.9
4522.6

5317.9
5327.0
5377.5
5415.6
5413.4
5460.0
5510.7
5548.1 p

12989.5
13042.0
13108.1
13159.9
13226.8
13309.0
13356.5
13389.1 p

Not seasonally adjusted

Footnotes a p p e a r on t h e following p a g e
p

preliminary




#

$

e

#

*

•

#

#

e

#
Page 2

H.6 (508)
Table 2

MONEY STOCK AND DEBT MEASURES

Percent change at seasonally adjusted annual rates

6 M o n t h s f r o m MAR. 1 9 9 5 TO SEP. 1995
12 M o n t h s f r o m SEP.

1994 TO SEP. 1995

T h i r t e e n w e e k s e n d i n g OCTOBER 9 , 1995
f r o m t h i r t e e n weeks e n d i n g :
JULY 1 0 , 1 9 9 5 (13 w e e k s p r e v i o u s )
(26 w e e k s p r e v i o u s )

OCT. 1 0 ,

1994

(52 w e e k s p r e v i o u s )

-1.3

6.4

6.8

4.0

-1.4

6.9

8.0

5.4

-0.9

4.0

6.0

5.5

-1.3

7.4

8.3

-1.2

6.3

8.1

3.6

5.7

CO

1995

DEBT1

I

1.

APR. 1 0 ,

1

M3

o

3 M o n t h s f r o m JUNE 1 9 9 5 t o SEP. 1995

M2

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, May 1995 to August 1995, February 1995 to August 1995,
and August 1994 to August 1995, respectively.

Footnotes to Table 1:
1.

2.

3.

4.
5.

C o n s i s t s of (1) currency outside t h e U.S. Treasury, Federal R e s e r v e Banks, and the vaults of depository institutions; (2) travelers c h e c k s of n o n b a n k i s s u e r s ; (3) d e m a n d
d e p o s i t s at all commercial b a n k s other than t h o s e d u e to depository institutions, the U.S. government, and foreign b a n k s and official institutions, l e s s c a s h items in t h e
p r o c e s s of collection and Federal R e s e r v e float; and (4) other checkable d e p o s i t s (OCDs), consisting of negotiable order of withdrawal (NOW) a n d automatic t r a n s f e r
service (ATS) a c c o u n t s at depository institutions, credit union s h a r e draft a c c o u n t s a n d d e m a n d d e p o s i t s at thrift institutions. S e a s o n a l l y a d j u s t e d M1 is calculated by
summing currency, travelers c h e c k s , d e m a n d deposits, and OCDs, e a c h s e a s o n a l l y adjusted separately.
C o n s i s t s of M1 plus overnight (and continuing contract) R P s issued by all depository institutions and overnight Eurodollars i s s u e d to U.S. r e s i d e n t s by foreign b r a n c h e s of
U.S. b a n k s worldwide, s a v i n g s d e p o s i t s (including money market deposit accounts), small-denomination time d e p o s i t s (time deposits—including retail RPs—in a m o u n t s of
l e s s than $100,000), and b a l a n c e s in both taxable and tax-exempt general p u r p o s e and broker/dealer m o n e y market mutual f u n d s . Excludes individual retirement a c c o u n t
(IRA) and Keogh b a l a n c e s at depository institutions and money market f u n d s . Also excludes all b a l a n c e s held by U.S. commercial b a n k s , m o n e y market f u n d s (general
p u r p o s e and broker/dealer), foreign g o v e r n m e n t s and commercial banks, and the U.S. government. Seasonally a d j u s t e d M2 is c o m p u t e d by adjusting its non-M1 c o m p o nent a s a whole and then adding this result to seasonally adjusted M1.
C o n s ists of M2 plus large-denomination time deposits (in a m o u n t s of $100,000 or more) and term RP liabilities i s s u e d by all depository institutions, term Eurodollars held
by U.S. residents at foreign b r a n c h e s of U.S. b a n k s worldwide and at all banking offices in t h e United Kingdom and C a n a d a , a n d b a l a n c e s in both t a x a b l e and t a x - e x e m p t
institution-only money market mutual f u n d s . Excludes a m o u n t s held by depository institutions, the U.S. g o v e r n m e n t , m o n e y market f u n d s , a n d foreign b a n k s and official
institutions. Also subtracted is t h e estimated amount of overnight R P s and Eurodollars held by institution-only m o n e y market mutual f u n d s . S e a s o n a l l y a d j u s t e d M3 is
obtained by adjusting its non-M2 c o m p o n e n t a s a whole and then adding this result to seasonally adjusted M2.
C o n s ists of M3 plus t h e nonbank public holdings of U.S. s a v i n g s bonds, short-term Treasury securities, commercial p a p e r and b a n k e r s a c c e p t a n c e s , net of money market
mutual fund holdings of t h e s e a s s e t s .
Debt: The debt a g g r e g a t e is the outstanding credit market debt of the d o m e s t i c nonfinancial s e c t o r s — t h e federal sector (U.S. g o v e r n m e n t , not including g o v e r n m e n t s p o n s o r e d e n te r p r ises or federally related mortgage pools) a n d the nonfederal s e c t o r s (state and local g o v e r n m e n t s , h o u s e h o l d s a n d nonprofit organizations, nonfinancial
corporate and nonfarm noncorporate b u s i n e s s e s , and farms). Nonfederal debt consists of mortgages, tax-exempt and c o r p o r a t e b o n d s , c o n s u m e r credit, bank loans,
commercial p a p e r , and other loans. The data, which are derived from the Federal R e s e r v e Board's flow of f u n d s a c c o u n t s , a r e b r e a k - a d j u s t e d (that is, discontinuities in
the d a t a h a v e b e e n s m o o t h e d into the series) and month-averaged (that is, t h e d a t a h a v e b e e n derived by averaging a d j a c e n t m o n t h - e n d levels). T h e presentation of t h e
debt d a t a in this r e l e a s e differ, therefore, from the quarterly flow of funds statistics contained in the Federal R e s e r v e r e l e a s e s Z.7 a n d Z.1. In t h o s e r e l e a s e s , published
levels of credit market debt a r e m e a s u r e d on a quarter-end b a s i s and contain discontinuities.




H.6 (508)
Table 3

Page 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted

Period ending
1 9 9 5 - J U L Y 17

AUG.

SEP.

13-week
average

4-week
average

week
average

13-week
average

4-week
average

1144.3
1143 .8
1143.8

1143.3
1142.8
1144.4

1141
1142.6
1149.7

3681.7
3687.3
3692.8

3708.3
3712.3
3717.6

1143
1143.9
1144.1
1144

1144.6
1145.1
1145.8
1144.3

1144.8
1143.2
1145.5
1143 . 8

3699.2
3705.6
3712.1
3718.0

3723 .8
3730
3737.3
3743.1

1144.2
1144.1
1143 .7
1143.4

1143.8
1143.7
1142.4
1141.7

1142
1142
1140
1141

3723
3728

3747
3751.5
3754.3

1142.6
1141.4

1139.2
1135.7

1128

3740.7
3743.9

3711
3721.5

3738.3
3748
3749.7

13-week
average

4-week
average

week
average

4445.8
4454.5

4473.6
4481.7
4491.5

4484.8
4498.1
4510.4

4502.6
4509.3
4514.6
4518.8

4517.1
4511.6
4519.4
4527.1

4463
4471.6
4479

3754.3
3759.4
3760

4494.6
4500.4
4505.8
4511.3

4527.2
4531.3
4533.5

4531.4
4531.0
4535.6
4535.9

3758.2
3757.9

3758.5
3753.1

4516.7
4522.1

4536.1
4539.1

4541
4543

Not seasonally adjusted
1 9 9 5 - J U L Y 17
24
31
AUG.

SEP.

OCT.

1140.5
1138.8
1138.4

1143.5
1145.5
1142.3

1145.7
1126.8
1132.3

3677.5
3681.7
3687.1

3707.4
3715.3
3716.4

3719.4
3703.3
3706.8

4431.3
4438.2
4446.8

7
14
21
28

4464.3
4476.9
4484.8

1139.1
1139.5
1140.3
1140.5

4486.6
4476.7
4488.1

1139.5
1139.1
1141.4
1138.1

1153.0
1144.1
1136.2
1119.2

3694.4
3701.4
3708.6
3714.3

3718.3
3723.8
3733.0
3736.6

3743.6
3741.3
3740.1
3721.2

4456.6
4465.4
4473.9
4481.4

4
11
18
25

4493.8
4501.1
4509.7
4513.2

1139.8
1140.4
1140.5
1140.2

1135.8
1139.0
1140.0
1138.9

4523.6
4515.8
4511.2
4502.2

1143.6
1156.8
1140.5
1114.7

3718,
3723,
3727,
3731.

3738.5
3745.8
3748.9
3748.7

3751.3
3770.7
3752.2
3720.7

4487.3
4493.1
4498.6
4503.7

1138.4
1136.6

4514.3
4522.6
4527.2
4524.8

1133.5
1129.4

4528.1
4549.0
4529.3
4492.8

1121.9
1140.5

3734.3
3736.7

3745.7
3744.7

3739.3
3766.7

4507.8
4512.8

4520.3
4521.4

4510.1
4553.4

2p
9p

Note: Special camion should be taken in in,.,p,eting w e e k - t o w changes in money supply data, which a,e highly volatile and subject to r e v i s i t
p

preliminary data.




Page 4

H.6 (508)
Table 4

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Currency 1

Date

Travelers checks 2

Demand deposits 3

Other checkable deposits

Nontransactions components

At commercial
banks 4

At thrift
institutions 5

Total

In M26

In M3 only 7

385.6
386.3

300.5
301.0

112.0
111.5

412.4
412.5

2465.0
2458.2

642.7
651.0

388,
386,
386.

301.7
301.0
300.0

111.4
109.7
108.9

413.1
410.8
408.9

2464.5
2464.0
2463.0

657.5
658.9
665.9

1994-MAY
JUNE

337.3
340.0

8.1
8.2

JULY
AUG.
SEP.

342.8
345.1
347.2

*8.3
8.3
8.4

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

2461.9
2464.2
2468.8

676.3
680.1
687.2

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

2479.8
2477.3
2484.3

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

2495.8
2519.1
2554.4

737.4
750.2
761.2

JULY
AUG.
SEP. p

367.2
368.3
369.1

8.9
8.9
8.8

389.5
390.1
389.8

275.7
272.2
267.0

103.8
104.2
105.4

379.5
376.4
372.4

2572.4
2599.4
2617.4

773.0
776.0
777.5

Week
1995-AUG. 14
21
28

368 . 3
368 . 5
369.2

8.8
8.9
8.9

389 . 0
391.8
390.8

273 . 4
272 . 1
270 .0

103.6
104.3
104.9

377.1
376.4
374.9

2595.1
2603.0
2605.9

773.3
770.9
777.4

SEP.. 4
11
18
25

368.5
368.5
368.9
369.3

8.9
8.9
8.8
8.8

387.9
390.0
389.5
394.4

270 . 5
270 . 1
268 .5
2 6 4 , .4

106.6
105.3
104.6
104.3

377.1
375.4
373 . 1
368.7

2611.2
2611.4
2619.1
2619.3

777.7
776.8
776.2
775.5

OCT.

370.1
369.6

8.7
8.7

387.8
387 . 8

2 5 9 , .6
2 5 7 , .8

106.4
104.9

366.0
362.6

2626.0
2624.4

783.1
790.0

2p
9p

1.
2.
3.
4.
5.
6.

C o n s i s t s of NOW a n d A T S b a l a n c e s at c o m m e r c i a l b a n k s , U . S . b r a n c h e s a n d a g e n c i e s of f o r e i g n b a n k s a n d E d a e Act cornoratinns
C o n s i s t s of N O W a n d A T S b a l a n c e s at thrifts, credit union s h a r e draft b a l a n c e s , a n d d e m a n d d e p o s i t s at thrifts
'
,9eneral p u r p o

ssstss w t w s s

7.
estimated
Digitizede for FRASER


p

preliminary

"and

«<*****

iess ,h es,ima d

* "—

-

Page 5

1-1.6(508)
Table 4 - continued

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

I Olal

Uenerai
nd
h P°?ea
dealer
money

306.2
305.5

770.8
772.9

373 .5
370.7

177.5
177.9

272.0
274.0

60.4
61.0

332.4
335.0

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
280.1
285.1

62.0
61.9
63.1

338.4
342.0
348.2

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

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

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

730.7
739.5
746.5

360.7
358.7
358.5

1091.4
1098.2
1105.1

566.7
568.8
569.7

357.5
358.0
359.3

924.2
926.8
929.0

442.0
455.9
462.6

212.4
210.8
213.5

323.7
325.2
327.4

72.6
73.2
73.7

396.3
398.4
401.1

14
21

26

739.3
740.6
741.5

358.8
359.2
358.5

1098.1
1099.7
1100.1

568.7
569.0
569.1

357.7
358.1
358.4

926.4
927.1
927.5

454.3
456.6
458.1

209.9
210.2
209.3

321.6
325.1
325.0

73.2
73.1
73.0

394.8
398.2
398.0

4
11
18
25

741.6
744.3
747.3
747.8

357.7
357.3
358.7
359.5

1099.3
1101.6
1106.0
1107.3

568.9
569.2
569.8
570.2

358.7
359.1
359.4
359.5

927.6
928.3
929.2
929.7

462.5
462.2
462.5
462.1

213.1
213.3
213.9
213.5

324.9
325.7
326.1
327.8

73.5
73.3
73.6
73.6

398.4
399.1
399.7
401.4

750.9
756.5

359.3
358.8

1110.3
1115.3

570.0
569.8

359.9
359.9

929.9
929.7

464.0
464.8

213.9
216.5

333.0
337.0

74.4
74.4

407.4
411.3

Savings deposits1
Date

Small-denomination time deposits2

commercial
banks

At
thrift
institutions

Total

1994-MAY
JUNE

784.6
780.0

430.2
426.8

JULY
AUG.
SEP.

778.0
775.7
772.8

OCT.
NOV.
DEC.

At
commercial
hankc

%t
thrift
inctitntiAno

1214.8
1206.8

464.6
467.4

423.2
417.0
410.9

1201.2
1192.6
1183.7

765.4
759.2
752.3

405.6
398.5
391.9

1995-JAN.
FEB.
MAR.

744.1
734.2
723.3

APR.
MAY
JUNE
JULY
AUG.
SEP. p

Weeft f a c i n g
1995-AUG.

SEP.

OCT.

2p
9p

Savings deposits include money market deposit accounts.
R P S

3.
4.

-*

Tof,,

pur

Institutiononly money
market funds

Large denomination time deposits3
At
commercial
4
banks

—
e ,h

°

s e lss

"

ed

At

thrift
institutions

—

* " " « = °< '•== <"=" " 0 0 , 0 0 0 . All IRA and Kscgh account balances at commercial banks
foreign banks and

p

preliminary




Page 6
H.6 (508)
Table 4-continued

_

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Debt components 4

Non-M3 Components of L
Date

Savings bonds

Short-term T reasury
securities1

Bankers acceptances 2

Commercial paper 3

Federal debt

Non-Federal debt

1994-MAY
JUNE

175.7
176.7

361.1
357.1

15.6
14.9

392.2
387.0

3402.5
3416.3

9210.9
9236.3

JULY
AUG.
SEP.

177.7
178.5
179.1

360.8
365.0
360.6

13.2
13.8
14.8

391.1
395.4
390.2

3419.3
3436.6
3453.8

9260.3
9308.2
9350.1

OCT.
NOV.
DEC.

179.5
179.9
180.3

358.6
361.9
370.3

13.1
13.5
14.0

399.9
401.4
401.3

3469.3
3493.9
3497.4

9381.5
9423.9
9462.3

1995-JAN.
FEB.
MAR.

180,
180
180

371.5
390.0
402.1

13.4
13 . 4
14.1

402.8
414.7
421.7

3504.7
3535.8
3557.5

9510.1
9558.9
9598.5

APR.
MAY
JUNE

180
181
182

397.0
384.0
391.1

13.9
12.3
11.3

430.8
443.8
427.5

3559.5
3577.0
3602.0

9668.6
9742.2
9772.9

JULY
AUG. p

183
183

410.9
408.8

11.7

428.0
435.3

3614.4
3620.0

9797.0
9830.9

12.2

2.
3.
4.

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 a c c e p t a n c e s held by accepting banks, Federal Reserve Banks, foreign official institutions, Federal Home Loan Banks, and money market mutual f u n d s .
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

1.




Page 7

H.6 (508)
Table 5

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

Date

7.
8.

Total

In M2#

In M3 only7

Overnight

Overnight
Eurodollars'

377.7
382 . 3

298.1
299.5

111.6
111.7

409.7
411.2

21.63 r. 1
2 4 5 8 ,. 1

644 . 6
649 . 5

78.4
80.6

24.1

JULY
AUG.
SEP.

344.7
345.7
347.0

8.8
8.9

' 387.3
383.1
384.7

298.4
297.2
297.4

111.6
109.0
108.3

410.0
406.2
405.6

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

6 5 2 , .4
6 5 9 ,. 9
664,. 1

80.4
82.1
83.9

29.1
28.9
28.1

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

2 4 5 9 , ,7
2 4 6 4 , ,7
2 4 6 6 , >7

6 7 4 , .4
686,. 2
6 8 9 , .7

83.7
83.3
84.6

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

2476.7
2476.5
2492.2

701.3
714.6
725.5

87.5
86.7
87.5

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

105.7
102.7
104.4

402.3
382.4
379.3

2503.2
2517.6
2554.5

732.7
752.3
759.3

85.7
86.6
87.7

30.1
29.9
29.6

JULY
AUG.
SEP. p

369.0
369.0
369.2

9.5
9.5
9.3

388.7
386.6
388.2

272.8
268.8
264.8

104.0
103.4
104.7

376.9
372.2
369.5

2572.8
2598.8
2611.3

766.8
776.7
775.1

85.0
87.0
88.6

29.4
31.4
32.7

28

370.1
369.0
367.3

9.5
9.5
9.5

389.5
387.4
378.7

271.1
267.6
263.1

103.9
102.6
100.6

375.0
370.2
363.7

2597.2
2603.9
2601.9

774.5
771.1
781.0

85.0
89.2
87.8

30.8
32.4
33.0

4
11
18
25

370.0
370.4
368.7
367.7

9.5
9.4
9.3
9.2

387 ,
396,
390,
380,

270.3
273.2
267.9
256.1

106.4
107.8
104.6
100.8

376.7
380.9
372.5
357.0

2607.7
2613.9
2611.7
2606.0

776.7
778.3
777.1
772.1

90.5
89.0
87.3
87.2

31.6
32.3
32.1
32.2

367.9
372.1

9.1
9.0 e

388.1
394.0

253 . 1
257.8

103.8
107.6

356.9
365.4

2617.4
2626.1

770.9
786.8

90.2
85.3

35.7
31.5

OCT.

6.

Nontransactions components

At thrift
institutions5

7.9
8.3

SEP.

4.
5.

Other checkable deposits
At commercial
banks4

337.2
340.5

21

3!

Demand
deposits3

1994-MAY
JUNE

1995-AUG. 14

1.

Travelers
checks2

2p
9p

8.8

26.2

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

sss :i iz 3 sn sss 2

*S*.0Ve,nl91"

RPS and Eurak

"a,s'

m0

™y "=*=•lund

bakn

™ s (general purpose and broker/dealer), savings deposits (including money market deposit accounts) and smal time

I Z d o l l T h S b y * r l K ™ " mon,ny m S ° m " ? u ° = l K n ^ " " '
brX'f/d S ealG 0 r) e m ' 9 h t ^

C

°ntfaCl

R P s issued by a

"

de

mark6

',und

bal

* " = e s ^ " o n - o n l y ) , less the estimated amount ol overnight RPs and

P o s i , o r V institutions to other than depository institutions and money market mutual funds (general purpose and


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).


Page 8

H.6 (508)
Table 5 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Savings deposits 1
Date

At
commercial
banks
785 . 3
782 . 3

At
thrift
institutions
430 . 6
428 . 1

JULY
AUG.
SEP.

780 . 0
777 . 0
772 .7

OCT.
NOV.
DEC.

Small-denomination time deposits 2

1215 .9
1210 . 4

At
commercial
banks
463 .7
467 . 0

At
. thnft
institutions
305.5
305.2

424 . 3
417 . 7
410 . 8

1204 . 3
1194 . 6
1183 . 6

470 . 5
476 . 6
481 .8

765 . 5
7 6 1 .4
751 .1

405 .7
399 .7
3 9 1 .2

1171 . 1
1161 .0
1142 . 3

1995-JAN.
FEB.
MAR.

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

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

APR.
MAY
JUNE

717. 8
717. 8
730. 2

JULY
AUG.
SEP. p

1994-MAY
JUNE

Wee% eyidjlflg
1995-AUG. 14
21
28
SEP.

OCT.

4
11
18
25
2p
9P

General

- s r «sst
176.8
172.5

%t
commercial
banks 4
274.1
275.3

At
. thrift
institutions
60.9
61.3

335.0
336.6

373.4
374.2
371.3

173.8
176.2
172.6

275.4
281.4
286.2

61.8
62.2
63.3

337.1
343.6
349.6

800.7
810.4
820.2

373.9
379.9
387.1

178.1
182.5
183.1

290.0
294.4
296.3

64.3
64.8
64.8

354.3
359.1
361.1

324.2
332.4
341.6

837.3
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

547. 5
555. 1
562. 0

350.0
355.8
357.0

897.5
910.9
919.0

404.8
407.9
423.9

191.3
193.8
199.2

306.8
317.6
320.0

70.7
70.9
71.1

377.6
388.5
391.1

1094. 2
1100. 2
1105. 3

567 . 5
569. 4
570. 2

357.9
358 . 3
359.7

925.4
927.7
929.8

438.9
452.6
454.9

206.6
209.3
209.0

322.3
326.6
328.6

72.3
73 . 5
73.9

394.6
400.1
402.6

360 . 3
359 . 3
357 . 8

1102 .7
1100 . 3
1097 . 8

569 . 5
569 . 5
569 . 4

358.1
358.4
358.5

927.6
927.8
927.9

451.2
454.1
455.5

208.8
208.9
209.7

322.8
326.5
327.9

73.5
73.5
73.7

743 .6
748 .5
7 4 7 . ,7
7 4 4 . .5

396.3
399.9
401.5

358 .7
3 5 9 , .3
3 5 8 . ,9
3 5 7 , ,9

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

569 . 5
569 .8
570, . 1
570, . 4

359.1
359.5
359.6
359.6

928.6
929.3
929.7
930.1

454.7
455.5
456.0
454.1

208.9
210.5
210.3
207.8

326.8
328.4
327.6
328.2

73.9
73.9
73.9
73.7

748. 2
759. 1

400.7
402.4
401.5
402.0

358. 0
360. 0

1106. 3
1119. 1

570. 9
571. 3

360.4
360.9

931.3
932.2

454.1
458.0

206.6
211.6

332.4
338.3

74.3
74.7

406.6
412.9

Total

Total

market funds

769.2
772.2

money
market funds
375.4
368.7

306.9
307.1
308.7

777.5
783.7
790.5

488 . 4
493 . 8
502 .2

312.3
316.5
318.1

1 1 2 2 , .7
1105,, 1
1 0 9 5 . ,0

513 ,. 1
524. , 4
537, .6

3 6 7 . ,4
364. 4
364. 0

1085. 2
1082. 3
1094. 2

732. 6
740. 8
746. 7

361. 6
359. 3
358. 6

742 . 4
740 . 9
740 . 0

fr;S5T,rss.Rdp^i,hoss

Savings d e p o s i t s include m o n e y market deposit a c c o u n t s .
3.
4.
p

preliminary




Large-denomination time deposits®

issued

in a m

°

M s

•*

« . » $100,000.

A„ I R A

an„

.

Total

•

#

#

#

#

#

e

#

•

•
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

Non-M3 Components of L
Term
Eurodollars2

At commercial
banks

At thrift
institutions

1994-MAY
JUNE

68.8
71.8

28.8
30.3

97.6
102.1

47.7
50.3

176.2
176.9

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

OCT.
NOV.
DEC.

67.2
67.5
67.8

34.8
35.6
37.7

101.9
103.1
105.6

52.7
54.5
52.4

1995-JAN.
FEB.
MAR.

70
73
72 ,

39.2
40.1
40.8

109.4
113.4
113.4

APR.
MAY
JUNE

74.
78.
76.

41.8
43.2
42.9

JULY
AUG.
SEP. p

72.5
73 . 7
71.2

42.8
43.9
44.2

Total

Savings bonds

Short-term
Treasury
securities3
359.2
354.0

Bankers
acceptances4

Debt components 6
Commercial
paper6

Federal debt

Non-Federal
debt

15.3
14.5

384.7
385.2

3379.7
3394.5

9161.1
9202.8

358.3
366.9
353.4

13.1
13.5
14.4

387.8
389.6
391.5

3393.9
3418.3
3438.3

9237.3
9274.2
9321.9

179.0
179.7
180.2

350.6
365.8
379.3

13.3
13.6
14.4

404.2
405.3
403.6

3448.5
3485.2
3499.0

9363.4
9404.7
9452.7

53 . 1
56.3
58.3

180.6
180.8
181.2

376.1
391.5
406.3

14.2
13.9
13.9

410.5
415.3
420.4

3499.0
3525.0
3551.1

9490.5
9517.0
9557.0

116.5
121.7
119.8

59.9
61.1
62.4

181.7
182.1
182.4

394.9
382.5
388.0

13.7
12.1
11.0

430.8
434.7
425.5

3544.1
3552.6
3579.3

9615.8
9674.2
9729.7

115.3
117.6
115.4

63.3
62.6
61.4

182.8
183.0 p

408.3
411.3 p

11.6
11.8 p

424.3
429.0 p

3588.8
3602.2 p

9767.7
9786.9 p

1.
2.
3.
4.
5.
6.

Total c o m m e r c i a l p a p e r l e s s c o m m e r c i a ^ p a p e r h e ki b / m o n e y m a ^ k e T m ^ u a M u n d s 9 0 ° f f l C i a l

mstltutl0ns

. Federal H o m e Loan Banks, a n d money market mutual f u n d s .

Debt d a t a a r e o n a m o n t h l y a v e r a g e b a s i s , d e r i v e d by a v e r a g i n g a d j a c e n t e n d - o f - m o n t h l e v e l s , 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
Digitized
for preliminary
FRASER


Page 10

H.6(708)
Table 6

MEMORANDUM ITEMS

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

4 .2
5 .3

5 .9
5 .9

24 .3
18 .4

34 .4
29 .6

Timg and
savings
deposits at
commercial
banks
3.1
2.9

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

1,

.6
.8
1 . .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

1,

,6
.6
1. 6

14..0
13,.3
12,.7

4,.9
3,.3
3,.4

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

6
5
1 . ,6

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

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

5
5
7

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

6
5
5

1994-MAY
JUNE

8.1
8 .2

1 .5
1 .5

JULY
AUG.
SEP.

8 .3
7 .7
8 .1

1

.5
.5
.5

OCT.
NOV.
DEC.

8 .0
8 .4
8 .7

1995-JAN.
FEB.
MAR.

8 .4
8,.0
8,. 1

APR.
MAY
JUNE

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

JULY
AUG.
SEP. p

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

estimated
preliminary




7.,4
8.,3

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

22 .0
18 .9
25 .3

2.2
1.9
1.3

142 .7
142 .9
143,.3

108 . 1 e
107 .9 e
107 .6 e

58.3
59.4
59.7

309.1 e
310.2 e
310.5 e

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 e
107 .7 e
107 .7 e

59.7
59.9
60.1

310.9 e
312.2 e
313.3 •

6..2
5..7
7.,9

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

24..1
27..5
32..0

2.6
2.6
2.6

146,,4
146.,8
147, .8

107 .6 e
107 .4 e
107 .2 e

60.3
60.5 e
60.6 e

314.2 e
314.6 e
315.7 e

3.,3
2.,8
5.,9

6.,6
5.,3
6. 8

27.,7
13, 6
17. 8

37..6
21.,7
30. 5

2.8
2.9
2.8

149. 2
149. 9
150. 2

107 . 1 e
106 .8 e
106 .6 e

60.7 e
60.7 e
60.7 e

316.9 e
317.4 e
317.5 e

12. 3
12. 3
12. 3

2. 6
3. 2
2. 5

5. 3
5. 5
4. 9

16. 9
7. 3
7. 8

24. 9
16. 0
15. 2

2.9
2.9
2.9

5
8
7
6

12. 3
12. 3
12. 3
12. 3

3. 7
3. 5
13. 4
3. 6

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

6. 5
3. 6
13. 2
35. 4

15. 4
11. 6
33. 7
48. 2

2.9
2.8
2.8

7
8

12. 3
12. 3

3. 8
2. 7

7. 5
5. 6

28. 6
12. 2

39. 9
20. 5

1.

1.
1.
1 .

1 .
1 .
1 .
1 .

1 .
1 .

Total
310.9
310.6

1.

1.

At
money
market
funds
56.4
56.8

1.

1.

At
thrift
institutions
112 .2
111 . 5

1.

1.

At
commercial
banks
142 .2
142 . 3

1

3

CO

2p
9p

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

1.

Total
cash
balance

(N

OCT.

4
11
18
25

1

Note
balances at
depository
institutions

a>

SEP.

e
p

Balance
at
Federal
Reserve

Foreign
official
institutions

7,,2
7,,4
7..6

IRA and Keogh Accounts

Demand
deposits at
commercial
banks

Foreign
commercial
banks

Week e n d i n g
1995-AUG. 14
21
28

U.S. government deposits

to

Date

Time and
savings
deposits
due to
foreign
banks and
official
institutions
.0
,
13 . 1

2.8