Full text of H.6 Money Stock Measures : October 20, 1994

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

. ' oJ^OVf • . .

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

, MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES
1

For release at 4:30 p.m. Eastern Time
OCTOBER 20,1994

Billions of dollars

|

Date

M11

M22

M33

L4

DEBT5

Seasonally adjusted
1992-OCT.
NOV.
DEC.

1004.2
1016.6
1024.8

3507.5
3510.5
3509.0

4197.0
4194.1
4183.1

5058.5
5065.4
5057.2

11613.6
11647.4
11697.8

1993-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1033.0
1035.4
1040.2
1047.1
1067.7
1076.6
1086.8
1095.3
1105.1
1113.4
1122.4
1128.4

3502.8
3494.2
3494.8
3498.0
3521.9
3528.7
3533.7
3536.1
3544.4
3548.1
3560.4
3568.0

4162.7
4156.7
4155.7
4163.3
4188.9
4189.1
4188.4
4188.4
4197.7
4205.4
4219.1
4232.1

5040.3
5036.3
5037.6
5055.7
5089.5
5090.8
5087.6
5096.5
5089.7
5100.4
5113.9
5134.5

11728.4
11763.6
11817.0
11879.6
11943.2
12000.8
12053.4
12109.5
12163.1
12199.2
12253.2
12320.3

1994-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP. p

1133.5
1138.5
1142.3
1141.1
1142.8
1146.3
1153.3
1151.6
1152.8

3573.2
3569.4
3583.5
3592.2
3596.3
3589.3
3603.3
3596.9
3594.7

4236.6
4210.6
4219.6
4230.0
4229.1
4229.1
4250.3
4242.9
4246.7

5154.9
5143.8
5144.7
5165.1
5165.9
5157.7
5188.4
5187.2 p

12363.8
12413.5
12482.5
12540.2
12591.5
12627.7
12654.4
12713.3 p

Not seasonally adjusted
1992-OCT.
NOV.
DEC .

- 1001.8
1022.4
1046.7

3504.6
3517.4
3527.6

4190.5
4203.6
4198.3

5050.4
5083.6
5087.7

11582.4
11637.7
11700.6

1993-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1041.0
1023.0
1031.6
1058.7
1058.1
1073.2
1084.6
1088.8
1099.1
1111.8
1129.6
1153.8

3508.3
3484.2
3495.8
3515.2
3507.3
3524.4
3530.0
3529.1
3534.0
3546.1
3569.1
3590.6

4163.3
4150.1
4158.4
4178.5
4179.9
4185.4
4181.4
4185.2
4186.9
4199.9
4230.7
4251.5

5054.0
5030.9
5043.7
5065.1
5067.5
5080.3
5073.0
5086.3
5077.6
5092.8
5135.1
5169.4

11714.1
11725.6
11773.7
11824.6
11878.3
11955.5
12010.3
12061.3
12123.1
12162.7
12231.5
12316.0

19 9 4 - J A N .
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP. p

1142.8
1124.6
1131.9
1153.1
1132.8
1142.5
1151.2
1144.6
1146.9

3579.8
3557.3
3581.9
3609.6
3581.6
3585.2
3599.6
3589.2
3584.2

4237.5
4201.4
4219.5
4245.7
4220.1
4225.7
4243.3
4238.9
4236.0

5169.1
5135.5
5148.6
5174.2
5142.7
5147.3
5173.7
5176.5 p

12358.7
12387.6
12441.5
12481.2
12522.0
12581.1
12613.6
12665.5 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
M2

M3

DEBT1

3 M o n t h s f r o m JUNE 1 9 9 4 t o S E P .

1994

2.3

0.6

1.7

3.9

6 M o n t h s f r o m MAR. 1 9 9 4 TO S E P .

1994

1.8

0.6

1.3

4.8

1994

4.3

1.4

1.2

5.0

3.2

0.5

1.7

12 M o n t h s f r o m S E P .

1 9 9 3 TO S E P .

T h i r t e e n w e e k s e n d i n g OCTOBER 1 0 , 1 9 9 4
from t h i r t e e n weeks e n d i n g :
JULY 1 1 , 1 9 9 4 ( 1 3 w e e k s p r e v i o u s )

1.

M1

APR. 1 1 ,

1994

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

2.2

1.0

1.2

OCT. 1 1 ,

1993

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

4.9

1.6

1.3

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, May 1994 to August 1994, February 1994 to August 1994,
and August 1993 to August 1994, respectively.

Footnotes to Table 1:
1

2

3.

4.
5

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 (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.
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 (IRA) and
Keoqh balances at depository institutions and money market funos. 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
Consists oFM2 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 of f domestb n^nfinanc?al sectors consists of outstanding credit market debt of the U.S. government, state and local governments 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 averaqinq 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.1. In those releases,
published levels of credit market debt are measured on a quarter-end basis and include discontinuities.




Page 3

H.6 (508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
M1
Period ending

M2

M3

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

13-week
average

4-week
average

1994-JULY 18
25

1144.7
1146.4

1149.0
1151.3

1152.3
1158.0

3593.5
3595.1

3596.4
3600.9

3602.0
3608.0

4231.3
4234.1

4239.0
4247.0

4249.5
4260.1

1
8
15
22
29

1148.0
1148.4
1148.8
1149.6
1150.4

1154.6
1154.0
1152.9
1151.9
1150.9

1158.3
1147.4
1148.0
1153.9
1154.1

3596.9
3596.8
3596.8
3596.6
3596.8

3604.0
3602.4
3601.2
3599.4
3596.7

3608.5
3591.0
3597.1
3600.8
3597.8

4237.0
4238.0
4239.0
4240.0
4241.0

4252.0
4250.6
4248.2
4245.3
4242.7

4255.7
4237.1
4240.0
4248.4
4245.3

SEP.

5
12
19
26

1151.2
1151.7
1151.8
1152.3

1152.8
1153.9
1153.1
1153.4

1155.2
1152.2
1151.0
1155.0

3597.0
3597.4
3597.8
3598.4

3597.5
3597.0
3595.1
3595.0

3594.2
3595.3
3593.2
3597.1

4242.0
4242.9
4244.2
4246.1

4243.8
4245.1
4244.5
4246.3

4241.4
4245.4
4245.7
4252.5

OCT o

3p
lOp

1152.8
1152.8

1152.5
1151.7

1151.7
1149.0

3598.2
3597.6

3594.9
3593.7

3594.1
3590.3

4247.1
4248.1

4248.2
4250.5

4249.2
4254.6

AUG.

week
average

Not seasonally adjusted
1994-JULY 18
25

1141.5
1141.5

1149.1
1152.2

1152*3
1133.4

3588.0
3587.9

3594.4
3600.3

3603.1
3578.8

4226.9
4227.8

4232.6
4241.5

4248.3
4228.5

1
8
15
22
29

1142.4
1143.3
1144.3
1145.8
1146.3

1149.2
1146.7
1146.6
1148.0
1144.1

1143.7
1157.2
1152.1
1138.8
1128.4

3589.2
3590.1
3591.1
3592.0
3591.8

3597.6
3593.4
3593.4
3595.1
3589.5

3589.4
3602.2
3603.1
3585.5
3567.2

4230.4
4232.3
4234.3
4236.0
4236.4

4243.0
4241.5
4242.1
4244.0
4239.6

4238.2
4250.8
4251.0
4236.0
4220.6

SEP.

5
12
19
26

1146.4
1147.2
1147.6
1147.9

1144.6
1147.0
1149.4
1148.5

1159.2
1161.4
1148.4
1124.9

3591.0
3591.3
3591.6
3591.7

3587.9
3588.8
3588.6
3585.9

3595.8
3606.8
3584.7
3556.3

4236.2
4236.9
4238.2
4239.6

4237.7
4239.8
4240.4
4238.0

4243.0
4259.5
4238.4
4211.2

OCT.

3p
lOp

1147.0
1146.4

1144.6
1144.2

1143.6
1159.7

3590.2
3589.1

3582.0
3581.6

3580.1
3605.4

4239.2
4239.9

4234.2
4235.7

4227.6
4265.4

AUG.

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
Nontransactions components

Other checkable deposits
Currency1

Date

1.
2.
3.

Travelers checks 2

Demand deposits 3

At commercial
banks 4

At thrift
institutions5

Total

In M26

In M3 only 7

1993-MAY
JUNE

304.4
307.2

8.1
8.0

358.8
362.2

290.3
292.4

106.1
106.8

396.4
399.2

2454.1
2452.1

667.1
660.4

JULY
AUG.
SEP.

309.7
312.4
315.4

7.9
7.8
7.8

366.4
370.9
375.4

294.8
295.9
297.8

108.0
108.3
108.8

402.8
404.2
406.6

2446.9
2440.8
2439.3

654.6
652.3
653.3

OCT.
NOV.
DEC.

317.6
319.5
321.4

7.8
7.9
7.9

378.4
383.2
384.8

299.1
300.8
302.6

110.4
111.7

409.5
411.8
414.3

2434.7
2438.0
2439.6

657.3
658.6
664.1

1994-JAN.
FEB.
MAR.

325.2
329.2
332.4

7.9
7.9

8.0

388.3
390.3
390.0

300.4
299.2
300.0

111.6
112.0
112.0

412.0
411.2
411.9

2439.6
2430.9
2441.2

663.4
641.1
636.1

APR.
MAY
JUNE

334.8
337.6
340.3

8.1
8.1
8.1

388.9
385.8
386.5

298.3
300.8
301.3

111.0
110.5
110.1

409.3
411.2
411.4

2451.2
2453.5
2443.0

637.8
632.8
639.8

JULY
AUG.
SEP. p

343.2
345.4
347.3

8.2
8.3
8.4

389.2
387.6
388.2

302.5
301.2
300.4

110.2
108.9
108.4

412.7
410.2
408.8

2449.9
2445.3
2441.9

647.0
646.0
652.1

Week e n d i n g
199 4-AUG. 15
22
29

344.8
345.5
347.0

8.3
8.4
8.4

386.0
389.7
388.1

300.2
301.4
302.1

108.8
109.0
108.5

409.0
410.4
410.6

2449.1
2446.9
2443.7

642.9
647.6
647.5

SEP.

5
12
19
26

347.0
346.4
346.8
348.1

8.4
8.4
8.4
8.4

389.4
388.9
387.2
389.8

301.2
300.6
301.4
299.7

109.2
108.0
107.1
109.1

410.4
408.5
408.5
408.7

2439.1
2443.1
2442.2
2442.0

647.1
650.1
652.5
655.4

OCT.

3p
lOp

348.1
348.5

8.4
8.5 e

387 .0
386.7

298.1
298.3

110.0
107.0

408.1
405.3

2442.4
2441.3

655.1
664.2

111.0

Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions
......
. , . ..
,
.
Outstanding amount of U.S. dollar-denominated travelers c h e c k s 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.
4
Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
5. c o n s i s t s of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
0^,,ntcx
6. Sum of overnight R P s and Eurodollars, money market fund balances (general purpose and broker/dealer), savings deposits (including money market deposit amounts) and
small time deposits. This sum is seasonally adjusted as a whole.
. .
.
,.
..
. .
, . ,
i^odoooh
7. Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances (institution-only), l e s s the estimated amount of overnight R P s and
Eurodollars held by institution-only money market mutual funds. This s u m is seasonally adjusted as a whole.

http://fraser.stlouisfed.org/
p
preliminary
e
estimated
Federal Reserve
Bank of St. Louis

Page

H.6 (508)
Table 4 - continued

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

At
commercial
banks
766.7
771.0

At
thrift
institutions
428.4
429 . 4

JULY
AUG.
SEP.

771.7
775.4
778 . 0

OCT.
NOV.
DEC.

p

832.4
823.9

348.5
347.5

19 8 . 0
194.7

At
commercial
banks 4
283.6
280.9

Large-denomination time deposits 3

1195.1
1200.4

At
thrift
institutions
340.5
336.3

430.4
430.5
430.4

1202.1
1205.9
1208.4

483.0
478.6
475.4

331.5
328.0
324.6

814.5
806.6
800.0

346.6
345.5
345.0

192.6
190.1
190.8

277.4
277.8
276.6

64.5
63.9
63.8

341.8
b41.6
340.4

778.4
782.4
785.3

430.4
429.5
430.2

1208.8
1211.9
1215.5

472.4
469.5
468.5

322.5
321.2
317.2

795.0
790.7
785.7

344.4
347.0
348.8

194.3
194.8
197.0

277.9
275.9
277.1

63.7
63.5
61.8

341.6
339.4
339 .0

1994-JAN.
FEB.
MAR.

790.1
791.1
790.2

430.2
429.8
431.7

1220.3
1220.9
1221.9

465.5
463.9
462.6

314.1
310.6
308.6

779 .5
774.5
771.2

347.8
343.7
348.4

192.7
176.9
177.4

279.7
274.7
271.1

61.8
61.1

62.1

341.8
336.5
332.2

APR.
MAY
JUNE

788.2
784.2
779.2

432.5
431.7
428.0

1220.7
1215.9
1207.2

461.6
464.0
466.6

307.0
305.1
303.8

768.6
769.1
770.4

361.5
365.1
359.3

177.0
169.3
169.5

270.7
274.9
275.0

61.5
60.1
60.4

332.1
335.0
335.3

JULY
AUG.
SEP. p

777.7
776.0
773.6

424.7
418.6
412.5

1202.4
1194.6
1186.1

468.8
474.7
479.7

303.8
303.0
303.4

772.6
777.7
783.1

363.5
362.9
362.4

170.9
169.3
167.9

276.5
279.9
284.8

61.2
60.9
62.1

337 .7
340.8
346.9

775.2
776.4
777.3

419.0
418.4
417.1

1194 .2
1194 .8
1194,.3

474 .4
475 .4
476,. 5

303.0
302.7
302.5

777 .5
778 .0
779 .0

364 .5
363 .9
359 .6

171.3
171.0
163.9

280 .3
279 .7
2 8 1 .0

6 0 , .9
6 0 .. 8
6 0 .. 8

3 4 1 , .2
340,.5
341,.8

Week e n d i n g
-AUG. 1 5
22
29

3.
4.

Institutiononly money
market funds

At
commercial
banks
491.9
487.5

19 93-MAY
JUNE

1.
2.

General
purpose and
broker/dealer
money
market funds

Small-denomination time deposits 2
Total

Total

At
thrift
institutions
64.7
64.4

Total
348.2
345.3

SEP.

5
12
19
26

776.0
775.9
773.5
772.4

414.7
413.0
412.5
411.5

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

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

302.7
303.6
303.6
303.0

780,.0
781,.8
7 8 3 . .2
7 8 4 ,.8

358,.0
362,.0
364,. 1
3 6 3 , .0

165.3
164.0
168.0
169.0

281,.3
283,.8
2 8 4 , .7
288 .3

6 1 . .4
6 1 . .6
6 2 . .0
6 2 . .6

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

OCT.

3p
lOp

768.3
767.6

410.5
407.9

1 1 7 8 . .8
1 1 7 5 . .4

4 8 1 ,.8
4 8 4 . .2

304.1
305.0

7 8 5 ..8
7 8 9 . .3

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

176.2
175.8

2 8 5 . .0
2 8 9 . .8

6 2 . .9
6 2 . .6

3 4 7 . .9
3 5 2 . .4

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, U.S. government, and foreign banks and official
institutions.
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 Treasury
securities 1

Bankers acceptances 2

Commercial paper 3

Federal debt

Non-Federal debt

1993-MAY
JUNE

164.7
165.9

344.8
346.5

19.2
18.5

371.8
370.9

3182.6
3210.2

8760.7
8790.6

JULY
AUG.
SEP.

167.1
168.2
169.2

344.3
343.8
328.0

17.4
16.5
16.4

370.4
379.5
378.4

3227.3
3248.5
3267.5

8826.1
8860.9
8895.6

OCT.
NOV.
DEC.

170.1
170.8
171.7

323.7
324.6
329.3

16.4
15.3
14.6

384.7
384.1
386.8

3269.4
3294.6
3327.4

8929.8
8958.5
8992.9

1994-JAN.
FEB.
MAR.

172.7
173.4
174.1

339.1
341.6
345.8

14.9
15.3
15.7

391.6
403.0
389.6

3337.8
3354.5
3379.5

9025.9
9059.0
9103.1

APR.
MAY
JUNE

174.8
175.7
176.6

361.2
358.7
348.9

14.1
11.4
10.5

384.9
391.0
392.6

3390.6
3402.5
3416.3

9149.7
9189.1
9211.4

JULY
AUG. p

177.5
178.4

357.2
367.7

10.7

392.7
387.0

3419.8
3437.3

9234.6
9276.0

11.2

1.

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

2.
3.
4.

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




Table 5

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

Date

4.
5.
6.
7.
8.
9.

Demand
deposits 3

Other checkable deposits

Nontransactions components

At commercial
banks 4

At thrift
institutions5

Total

In M26

Overnight RPs 8

In M3 only 7

Overnight
Eurodollars*

1993-MAY
JUNE

304.4
307.4

7.9
8.2

352.0
359.6

287.6
290.6

106.2
107.5

393.8
398.0

2449.2
2451.2

672.5
661.0

61.7
64.8

13.5
13.7

JULY
AUG.
SEP.

311.0
312.8
314.8

8.4
8.4
8.2

365.9
367.9
373.1

290.9
292.1
295.0

108.5
107.7
108.0

399.3
399.7
403.0

2445.3
2440.3
2434.9

651.4
656.1
652.9

67.7
67.5
70.7

13.5
14.7
14.9

OCT.
NOV.
DEC.

317.3
319.8
324.9

8.0
7.7
7.6

381.1
391.1
402.6

295.6
299.6
306.3

109.8
111.4
112.4

405.3
410.9
418.6

2434.3
2439.5
2436.8

653.8
661.6
660.9

72.3
73.2
74.5

17.2
17.4
17.8

1994-JAN.
FEB.
MAR.

324.0
327.3
330.7

7.7
7.7
7.8

393.1
380.6
380.6

306.8
299.6
301.6

111.2
109.5
111.3

417.9
409.1
412.9

2437.1
2432.7
2450.0

657.6
644.0
637.6

77.2
76.6
80.1

18.0
16.9
18.4

APR.
MAY
JUNE

334.4
337.4
340.6

7.8
7.9
8.3

390.2
378.8
383.4

306.3
298.1
299.4

114.3
110.7
110.7

420.6
408.7
410.1

2456.5
2448.9
2442.7

636.1
638.5
640.5

80.3
80.8
82.9

16.7
19.3
21.5

JULY
AUG.
SEP. p

344.9
345.7
347.1

8.8
8.9
8.8

388.5
384.3
385.9

298.4
297.3
297.6

110.7
108.3
107.6

409.1
405.6
405.1

2448.3
2444.6
2437.3

643.7
649.7
651.8

83.6
85.1
86.0

25.2
24.6
24.3

346.4
345.5
344.4

9.0
8.9
8.9

389.5
381.2
376.9

298.1
296.3
293.4

109.2
106.8
104.8

407.2
403.1
398.2

2451.0
2446.7
2438.8

647.8
650.6
653.5

87.9
86.4
84.9

23.9
24.9
26.2

Week e n d i n a
1994-AUG. 15
22
29

1.
2.
3.

Travelers
checks 2

SEP.

5
12
19
26

348.2
347.7
346.5
345.8

8.9
8.9
8.8
8.8

390.0
391.7
386.5
376.3

301.7
302.9
299.2
290.4

110.3
110.3
107.4
103.6

412.1
413.2
406.6
394.0

2436.6
2445.4
2436.2
2431.4

647.2
652.7
653.7
654.9

83.9
87.0
84.7
86.3

24.6
23.4
23.4
24.4

OCT.

3p
lOp

346.7
351.1

8.7
8.7 e

389.0
391.8

292.4
298.6

106.9
109.5

399.2
408.1

2436.5
2445.7

647.5
660.0

88.5
87.7

27.2
25.7

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
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.
Consists of overnight and continuing contrad RPs issued by all depository institutions to other than depository institutions and money 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).


e
estimated


p

preliminary

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

3,
4o
p

purpose and
- broker/dealer
money
market funds

Institutiononly money
market funds

Large-denomination time deposits 3
At
thrift
institutions
65. 2
64. 8

1195.8
1204.5

At
commercial
banks
4 9 0 . .7
487,.1

At
thrift
institutions
339 . 7
336. 0

8 3 0 . .5
8 2 3 . .0

3 4 7 . .7
3 4 5 . .2

199 ..7
1 9 1 , .0

At
commercial
banks 4
2 8 5 . .8
2 8 2 . .8

431. 4
430. 8
429 . 7

1205.0
1206.9
1206.4

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

332. 2
3 2 8 . ,7
325. 4

8 1 6 .. 1
8 0 8 . .3
8 0 2 .. 1

3 4 3 .. 0
343,.0
340 .8

188 .6
190 . 1
187 . 5

2 7 7 ,. 1
279,.5
2 7 7 . .6

6 4 . .4
6 4 . ,3
6 4 . .0

341.5
343.8
341.6

7 7 7 . .7
7 8 4 . .0
7 8 3 ..9

4 3 0 . .0
4 3 0 . .4
4 2 9 . .4

1207.7
1214.4
1213.2

4 7 3 . .3
4 6 8 .. 8
4 6 7 .. 6

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

7 9 6 . .4
7 8 9 ..6
7 8 4 .. 1

340 .7
345 .0
347 .2

189 . 2
194 .0
195 .8

277 .6
2 7 6 .2
276 .0

63 ..7
6 3 . .6
6 1 . .6

341.3
339.8
337.6

1994-JAN.
FEB.
MAR.

786.1
787 .7
791.3

428.0
427.9
432.3

1214.1
1215.6
1223.6

465.6
463.8
462.1

314.1
310.4
308.3

779.7
774.2
770.5

348.1
349.4
357.4

196.2
186.1
180.5

276.7
273.0
270.9

61.4
61.4
61.1

338.1
334.4
332.0

APR.
MAY
JUNE

790.6
784.8
781.9

433.8
432.1
429.5

1224.4
1216.9
1211.4

461.2
463.0
466.2

306.7
304.4
303.5

767.9
767.4
769.8

367.2
364.5
357.1

176.2
171.0
166.3

270.0
277.3
276.8

61.3
60.6
60.8

331.3
337.9
337.6

JULY
AUG.
SEP. p

779.6
776.5
772.2

425.7
418.9
411.8

1205.2
1195.4
1184.0

469.8
475.8
481.1

304.5
303.6
304.2

774.3
779.4
785.3

360.0
360.2
357.6

167.4
169.5
165.1

276.2
281.7
285.9

61.1
61.3
62.3

337.3
343.1
348.1

-AUG. 15
22
29

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

4 2 0 ..8
4 1 8 . .0
4 1 5 .. 1

1 1 9 9 . .2
1 1 9 3 ..6
1 1 8 8 ..6

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

3 0 3 . .7
3 0 3 . .3
3 0 3 .. 1

7 7 9 .. 1
7 7 9 . .7
7 8 0 ..6

360.9
3 6 2 .. 1
3 5 8 ..5

1 7 2 .. 1
1 7 0 . .9
1 6 6 .. 8

2 8 1 . .8
2 8 2 . .0
2 8 4 .. 1

61.2
6 1 . .3
6 1 . .5

3 4 3 ,.0
3 4 3 . .3
3 4 5 , .7

SEP.

5
12
19
26

7 7 6 . .6
7 7 8 , .3
772,. 1
7 6 7 . .2

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

1191,.6
1192,.6
1 1 8 3 , .9
1 1 7 5 , .9

478,.8
479,.6
480,.8
4 8 2 .9

3 0 3 . .7
3 0 4 ..5
3 0 4 . .4
303,.8

782,.5
784,.0
7 8 5 .2
7 8 6 .7

354.1
3 5 8 , .2
3 5 9 ,. 0
358 . 1

163
165
165
164

.1
.4
.7
.8

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

6 2 . .0
62 ..2
6 2 . .3
62, .4

345
348
348
349

OCT.

3p
lOp

765 .1
7 6 9 ,. 3

408,.8
408 .8

1 1 7 3 , .9
1178 . 1

4 8 3 .7
486 .2

305 .3
306 .3

788 .9
792 .5

358 .0
3 6 1 .7

166 .7
169 .3

284,.3
290,.6

62 . 8
62 . 8

347 . 1
353 .4

Date

1,
2=

Small-denomination time deposits 2

•MAY
JUNE

At
commercial
banks
7 6 7 . .2
7 7 3 . .6

At
thrift
institutions
428. 6
430. 9

JULY
AUG.
SEP.

7 7 3 . .6
7 7 6 . .0
7 7 6 . .7

OCT.
NOV.
DEC.

Total

Total

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, U.S. government, and foreign banks
and official institutions.
preliminary




Total
351.0
347.6

.9
.7
.1
.8

Page 9
H.6 (508)
Table 5 - continued

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

At commercial
banks

At thrift
institutions

Total

Term
Eurodollars2

Savings bonds

Short-term
Treasury,
securities 3

Bankers
acceptances 4

Commercial
paper 5

1993-MAY
JUNE

66.6
70.2

24.5
23.9

91.0
94.1

48.8
45.5

165.2
166.1

336.6
340.7

19.1
18.5

366.7
369.5

3161.1
3188.9

8717.3
8766.7

JULY
AUG.
SEP.

72.7
72.0
71.2

25.0
25.6
26.0

97.8
97.6
97.3

41.9
44.1
45.2

167.0
167.8
168.7

339.9
342.4
326.0

17.4
16.3
15.9

367.3
374.6
380.2

3201.8
3229.4
3251.9

8808.5
8831.9
8871.2

OCT.
NOV.
DEC.

70.5
69.7
70.8

25.4
25.9
26.0

96.0
95.6
96.8

45.0
48.9
47.0

169.6
170.6
171.4

321.8
332.5
342.0

16.3
15.7
15.3

385.2
385.6
389.3

3249.4
3287.0
3329.5

8913.2
8944.5
8986.5

1994-JAN.
FEB.
MAR.

66.3
64.1
66.9

26.6
27.4
27.2

92.9
91.5
94.1

46.0
48.1
47.1

172.6
173.7
174.6

344.6
343.0
349.5

15.6
15.5
15.2

398.9
402.0
389.7

3333.0
3345.4
3374.4

9025.7
9042.2
9067.1

APR.
MAY
JUNE

70.3
68.0
70.3

27.6
29.0
30.5

97.9
96.9
100.8

47.4
48.5
50.8

175.4
176.2
176.9

352.1
350.1
343.3

13.7
11.3
10.5

387.3
385.0
390.9

3376.8
3379.7
3394.5

9104.4
9142.3
9186.7

JULY
AUG.
SEP. p

70.5
68.0
68.9

31.9
32.2
32.3

102.4
100.2
101.2

51.6
51.2
50.9

177.4
177.9 p

352.8
366.6 p

10.7
11.0 p

389.5
382.0 p

3393.8
3418.4 p

9219.8
9247.1 p

65.6
67.2
70.0

32.2
32.5
31.8

97.8
99.6
101.8

49.8
51.0
52.7

Week e n d i n g
1994-AUG. 15
22
29

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

Debt components 6

Non-M3 Components of L

SEP.

5
12
19
26

67.8
69.3
69.5
70.1

31.9
32.2
32.4
32.5

99.7
101.5
102.0
102.6

51.9
50.8
51.2
51.3

OCT.

3p
lOp

66.4
66.8

32.3
33.0

98.7
99.9

48.8
50.7

Federal debt

Non-Federa!
debt

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.
D -h* jata are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities.

preliminary
Digitized pfor FRASER


P a g e 10
H.6 (508)
Table 6

MEMORANDUM ITEMS

Billions of dollars, not seasonally adjusted

Foreign
commercial
banks

Foreign
official
institutions

1993-MAY
JUNE

8.3
8.2

1.6
1.6

li.i
11.5

4.2
5.4

5.8
8.1

16.1
21.1

26.1
34.6

2.6
3.0

146.9
146.5

119.1
118.5

46.0
46.7

312.0
311.7

JULY
AUG.
SEP.

8.5
8.1
8.5

1.7
1.6
1.5

11.5
11.2
10.8

4.2
3.8
5.5

6.9
5.7
9.3

21.4
20.0
23.2

32.5
29.5
37.9

2.8
3.1
2.8

146.4
146.1
145.8

118.0
117.4
116.9

47.3
47.4
47.5

311.7
310.9
310.2

OCT.
NOV.
DEC.

8.3
8.2
9.2

1.6
1.8
1.6

10.7
10.8
10.9

4.5
4.0
5.2

5.9
5.6
6.7

12.6
8.8
16.2

23.1
18.4
28.1

2.6
2.7
2.6

145.2
144.6
144.2

116.1
115.3
114.6

48.1
49.1
49.8

309.4
309.0
308.6

1994-JAN.
FEB.
MAR.

8.6
8.4
8.1

1.6
1.5
1.6

11.3
11.9
12.5

5.7
4.2
4.3

7.3
6.3
5.2

25.2
27.9
15.7

38.3
38.4
25.1

2.1
2.6
2.4

143.9
143.6
142.6

114.2 e
114.1 e
114.0 e

50.1 e
50.7 e
51.5 e

308.3 e
308.3 e
308.2 e

APR.
MAY
JUNE

8.6
8.1
8.2

1.5
1.5
1.5

12.9
13.0
13.1

7.1
4.2
5.3

5.6
5.9
5.9

20.8
24.3
18.4

33.5
34.4
29.6

2.1
3.1
2.9

142.2
142.2
142.3

114.0 e
114.0 e
113.8 e

52.6 e
53.3 e
53.8 e

308.9 e
309.5 e
310.0 e

JULY
AUG.
SEP. p

8.3
7.8
8.2

1.5
1.5
1.5

13.2
13.2
13.2

4.8
3.8
5.9

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
142.9

113.8 e
113.8 e
113.6 e

54.5 e
55.1 e
55.8 e

310.9 e
311.6 e
312.3 e

6.9
8.1
7.2

1.5
1.6
1.6

13.2
13.2
13.2

4.2
3.5
3.3

4.7
5.4
4.8

8.0
9.2
11.9

16.9
18.0
20.0

2.9
2.9
2.9

Date

Week e n d i n a
1 9 9 4 - A U G . 15
22
29

e
p

IRA and Keogh Accounts

U.S. government deposits

Time and
savings
deposits due
to foreign
banks and
official
institutions

Demand deposits
at banks due to

Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

Note
balances at
depository
institutions

Total
cash
balance

Time and
savings
deposits at
commercial
banks

At
commercial
banks

At
thrift
institutions

At
money
market
funds

Total

SEP.

5
12
19
26

8.5
8.3
7.9
8.3

1.5
1.5
1.4
1.5

13.2
13.2
13.2
13.2

4.5
4.6
10.6
4.1

4.9
5.5
5.8
7.4

8.1
3.7
19.9
29.2

17.5
13.7
36.3
40.8

2.9
2.4
2.4
2.4

OCT.

3p
lOp

8.4
7.8

1.6
1.6

13.2
13.2

4.7
3.5

6.4
5.7

24.4
3.7

35.4
12.9

2.4
2.1

estimated
preliminary




H.6 (508)
Special Supplementary Table

Monthly Survey of Selected Deposits 1
August 31,1994 and September 28,1994
(not seasonally adjusted)

Insured Commercial Banks
Amount Outstanding ($mil.)

Sept. 28

-2.97

1.85

1.87

2

755,343
595,265

-1.14
-0.94

2.63
N.A.

2.67
N.A.

4
N.A.

163,143

160,077

-1.88

N.A.

N.A.

N.A.

27,959

28,322

1.30

3.29

3.36

7

-1.76

3.61

3.75

14

Aug. 31

Sept. 28

NOW Accounts

295,320

286,546

764,035
600,892

Savings Deposits
Personal
Nonpersonal

Interest-bearing time deposits with
balances of less than $100,000
with original maturities of:
7 to 91 days

Change
(b. p.)

Aug. 31

Liability Categories
2

Change
(percent)

Average Rate Paid (%)

98,085

96,356

183 days to 1 year

155,964

157,231

0.81

4.11

4.27

16

1 to 2-V2 year

150,807

152,530

1.14

4.61

4.80

19

186,490

190,232

2.01

5.33

5.47

14

142,617

143,083

0.33

N.A.

N.A.

N.A.

92 to 182 days

2-Vz years and over
All IRA/Keogh Plan deposits

3

BIF-insured Savings Banks4
Amount Outstanding ($mil.)
Change
(percent)

Average Rate Paid (%)
Change
(b. p.)

Aug. 31

Sept. 28

-3.18

1.89

1.91

74,265
71,146

-1.12
-1.24

2.74
N.A.

2.78
N.A.

4
N.A.

3,068

3,119

1.66

N.A.

N.A.

N.A.

2,523

2,379

-5.69

3.03

3.11

8

92 to 182 days

12,292

12,159

-1.08

3.69

3.87

18

183 days to 1 year

17,593

17,758

0.94

4.24

4.47

23

Liability Categories
NOW Accounts
Savings Deposits
Personal

2

Nonpersonal
Interest-bearing time deposits with
balances of less than $100,000
with original maturies of:
7 to 91 days

Aug. 31

Sept. 28

11,016

10,666

75,108
72,040

2

1 to 2-'/ 2 year

16,824

17,123

1.78

4.83

5.04

21

2-V2 years and over

21,531

21,712

0.84

5.47

5.64

17

19,445

19,416

-0.15

N.A.

N.A.

N.A.

All IRA/Keogh Plan deposits3
N.A. -- data are not available

NOTE: Data for earlier month may show revisions.
L Estimates are based on data collected by the Federal Reserve System from a stratified random sample of about 460 commercial
banks and 80 savings banks. All rates are expressed as annual effective yields.
2. Includes personal and nonpersonal money market deposit accounts.
3. Total IRA and Keogh Plan deposits regardless of size, type of instrument in which held, or interest rate paid.
4. BIF-insured savings banks include both mutual and federal savings banks.