Full text of H.6 Money Stock Measures : October 4, 1984

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

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

OCTOBER

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

Date

M2
M3
M1 plus overnight RPs
M2 plus
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

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors5

1983—AUG
SEPTOCT.
NO?.
DEC.

517.4
518-9
521-6
523-0
525-3

2135.3
2147.9
2167-2
2182-1
2196.2

2617.2
2636.7
2656.4
2686.8
2707.9

3075.1
3097.9
3114.0
3144-8
3178.0

5036.8
5080.0
5124.9
5171.3
5225.3

1984—JAN.
FEB.
HAR.
APB.

530-0
532-9
535-1
535.3
541.0
546-2
545.6
546-3

2206.7
2222.5
2229.9
2242.7
2258.4
2272.0
2281.4
2289-8

2721.1
2744.2
2764.8
2789.2
2815.1
2836.3
2856.2
2867.6

3196.8
3226.8
3268.4
3294.6
3326.2
3366.9

5282.4
5340.4
5394.4
5452.4
5514.0
5566.4
5626.0

1983—AUG.
SEPT.
OCT.
NOV.
DEC.

513-5
516.3
522.3
526-7
537.8

2133.3
2142.2
2167-1
2181.2
2198-0

2615.6
2631.3
2655. 1
2687.9
2713.9

3070.6
3085-7
3110-0
3146-0
3185.8

5017.6
5066.8
5114.6
5159.4
5219.2

1984—JAN.
FEB.
HAS.
APE.

534-8
521-8
528.1
543.2
534.9
545-5
547-3
542-4

2210.5
2212.3
2230.8
2254.6
2253.4
2273.8
2286.4
2287.3

2727.0
2736.8
2766.1
2797.8
2810.4
2835-0
2855.1
2865.7

3208.3
3228.3
3274-7
3306-1
3322.1
3362-9

5275.5
5321.3
5370.9
5426.5
5487.4
5544-3
5605.7

13-week average

Seasonally adjusted
4-week average

HAY

JUNE
JULY
AUG.

4, 1984

Not seasonally adjusted

MAY

JUNE
JULY
AUG.

M1

For period ended
1934-AUG.

6
13
20
27

SEPT. 3
10
17 P
24 P

NOTE:

week average

13-week average

Not seasonally adjusted
4-week average

week average

545.0
545-3
545.6
546.0

545.2
545.1
545.9
547-0

547.3
546.2
547.8
546.7

543.2
543.9
544-5
545. 1

544.3
542.9
543.5
543.2

548.8
547.6
543.6
532.6

545.9
546.3
546.6
546-7

546.4
548.1
548.5
548-6

544.9
553.1
549-4
547-0

544.8
545.2
545.5
545.6

541.6
544-0
546-1
547.1

542.4
557.5
551.8
536-6

SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING MEEK-TO-MEEK CHANGES IN HONEY SUPPLY DATA, WHICH ARE
HIGHLY VOLATILE AND SUBJECT TO REVISION.
P--INDICATES PRELIMINARY DATAFOOTNOTES APPEAR ON THE FOLLOWING PAGE




H.6 (508)
Table 2

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

M1

M2

M3

Debt1

3 M O N T H S FBOM HAY 1984 T O AOG. 1984

3.9

5.6

7.5

6 M O N T H S FBOH FEB. 1984 T O AUG. 1984

5.0

6. 1

9.0

13.0

12 MONTHS FROM AUG. 1983 T O AUG. 1984

5.6

7.2

9.6

12.6

12.7

T H I R T E E N WEEKS ENDING SEPT. 2 4 , 1984
FBOH T H I R T B E N S E B K 5 ENDING:
JOME

2 5 , 1 9 8 4 (13 WEEKS PREVIOUS)

4.7

MAB.

2 6 , 1 9 8 4 (26 WEEKS PREVIOUS)

5.3

SEPT. 2 6 , 1 9 8 3 (52 WEEKS PREVIOUS)

5.8

GROWTH BATES POB DEBT ABE BASED ON PEBIODS BEGINNING AND ENDING ONE MONTH EARLIER THAN FOB THE MONETARY AGGREGATES,
NAMELY, APBIL 1984 TO JULY 1984, JANUARY 1984 TO JULY 1984, AND JOLT 1983 TO JULY 1984, RESPECTIVELY,
1/

2/

3/

4/
5/




FOOTNOTES TO TABLE 1
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF COHMEBCIAL BANKS;
(2) TBAVELEBS CHECKS OF NONfiANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COHHEBCIAL BANKS OTHEB THAN THOSE DUE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND POBEIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS
OP COLLECTION AND PEDEBAL RESERVE FLOAT; AND (4) OTHEB CHECKABLE DEPOSITS (OCD) CONSISTING OP NEGOTIABLE OBDBfi
OP WITHDRAWAL (NOW) AND AUTOMATIC TBANSFEB SEBVICB (ATS) ACCOUNTS AT DEPOSITOBY INSTITUTIONS,
CBEPIT UNION SHARE DBAPT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CUBBEICT AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HBLD BY
THBIPT INSTITUTIONS TO SEBVICE THEIR OCD LIABILITIES.
CONSISTS OP HI PLUS OVERNIGHT (AND CONTINUING CONTBACT) EPS ISSUED BY ALL COMMEBCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BY POBBIGN BBANCHES OF U.S. BANKS WOBLDWIDE, MMDAS, SAVINGS AND SHALL DENOMINATION
TIME DEPOSI1S (TIMB DEPOSITS—INCLUDING BETAIL BPS—IN AMOUNTS OP LESS THAN $100,000), AND BALANCES IN BOTH
TAXABLE AMD TAX-EXEMPT GBNEBAL PURPOSE AND BBOKEfi/DEALEB HONEY NABKBT MUTUAL PUNDS. EXCLUDES IBA AMD KEOGH
BALANCES AT DBPOSITOBT INSTITUTIONS AND HONEY MARKET PUNDS. ALSO EXCLUDES ALL BALANCES HBLD BY U.S. COMMERCIAL
BANKS, HONEY MABKBT PONDS (GENERAL POBPOSE AID BROKER/DEALER), FOREIGN GOVEBNMENTS AND COMHBBCIAL BANKS, AND
THE U.S. GOVEBNHENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE BSTIMATBO AMOUNT
OP DEMAND DEPOSITS AMD VAULT CASH HBLD BY THBIPT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OP M2 PLUS LARGE DENOMINATION TIHB DEPOSITS (IN AMOUNTS OF $100,000 OB MOBB) AND TEBH BP LIABILITIES ISSUED
BY COHMBBCIAL BANKS AND THRIFT INSTITUTIONS, TBBM EUBODOLLABS HBLD BY 0.S. BESIDBNTS AT FOBEIGN BBANCHBS OF U.S. BANKS
WORLDWIDE AND AT ALL BANKING OPFICBS IN THB UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT
INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HBLD BY DEPOSITOBY INSTITUTIONS, THE U.S. GOVERNMENT, HONEY
MARKET PONDS, AND FOBBIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THB BSTINATBD AMOUNT OP OVEBNIGHT BPS AND BUBODOLLABS HELD BY INSTITUTION-ONLY HONEY MABKET MUTUAL PUNDS.
CONSISTS OP M3 PLUS THE NONfiANK PUBLIC HOLDINGS OP U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COHHBBCIAL
PAPEl AND BANKERS ACCEPTANCES, NET OF MONEY MABKET MUTUAL FUND HOLDINGS OF THESE ASSETS.
DEBT OP DOMESTIC NONPINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVEBNHENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONPINANCIAL SECTORS. PBIVATE DEBT CONSISTS OF CORPORATE BONDS, MORTGAGES,
CONSONEB CBBDIT (INCLUDING BANK LOANS), OTHEB BANK LOANS, COHHEBCIAL PAPEB, BANKEBS ACCEPTANCES AND OTHEB DEBT
INSTRUMENTS- THE DATA ABE DERIVED FROM THE PEDEBAL BESERVB BOARD'S FLOW CP FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC
NONPINANCIAL SECTORS ABE PRESENTED IN BONTH-AVERAGE POBH, DEBIVED BY AVEBAGING MONTH-END LEVELS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO BEHOVE STATISTICAL DISCONTINUITIES THAT HAY ABISE IN THE UNDERLYING FLOW OF FUNDS STATISTICS.
THB PBESENTATION OF DEBT DATA IN THIS RELEASE DlfFEBS, THEREFORE, FBOM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED IN
III THB PBDEBAL BESERVE BELEASES Z. 7 AND Z.I. IN THOSE RELEASES, POBLISHBD LEVELS OF CBEDIT HABKET DEBT ABE MBASUBBD ON A
A O.UABTEB-BMD BASIS AND INCLUDE DISCONTINUITIES.

MJf

COMPONENTS OF THE MONEY STOCK
BWont of dottow, naiomNy «fr*fd

I
Oatti

CwKfwy*

chac**

mitt*

dtpotfto*

In MS
on**

1

«t

h u m m •»»• ••<»'
at
thrift

I

1

LM

at
total

tanks

at
thrift

bank*

at
total

banks*

»*m+—*?
at
thrift

tatal

143.5
144.8

4.7
4.7

243.7
243.0

125.6
126.4

1617.9
1629.0

482.0
488.8

138.0
, 137.4

181.3
180.5

319.3
317.9

333.4
338.2

415.6
420.7

749.0
759.0

224. 0
223.8

04.5
89.4

308.6
313.2

OCT.
NOV.
DEC.

146.0
147,2
148.0

4.8
4.9
4.9

243.6
242.8
243.7

127.2
128.2
128.8

1645.6
1659.2
1670.9

489.2
504.7
511.7

137.0
136. 1
134.6

180.2
179.2
178.2

317.1
315.4
312.9

344.8
350.0
3 53.1

428.2
435.5
440.0

773.0
785.5
793,1

221.7
224.2
225.5

93.9
96.6
100.4

315.6
320.8
325.9

1984-JAN.
FEB.
HAB.

149.9
150.2
150.9

4.9
5.0
5.0

244.5
243.8
244.0

130.7
133.8
135.2

1676.7
1689.6
1694.8

514.4
521.7
534.9

132.1
i 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

227.2
228.3
232.8

106.3
112.0
115.5

333.4
34 0.3
348.3

APR.
BAT
JUNE

151.8
152.9
154.2

5.1
5*1
5.1

245.3
245.2
248.2

133.2
137.8
138.6

1707.4
1717.4
1725.8

546.5
556.6
564.3

128.6
128.2
128.0

176.9
177.3
177.2

305.5
305.5
305.2

356.0
360.5
365.7

452-4
456.1
463.3

808.3
816.7
829.1

236. 4
243.8
249.7

119.5
123.8
129.4

355.9
367.6
379. 1

JULY
AUG.

155.0
156.0

5.2
5.2

247.1
245.5

138.3
139.6

1735.8
1743.5

574.8

577.7

127. H
126.3

176.0
174.2

303.3
300.5

371.8
377.8

473.2
483.7

845.0
861.5

255.0
255.6

134.0
136.3

389.1
391.9

155.8
155.9
156.0
156.5

246.6
245.3
247.4
244.7

139.6
139.8
139.2
140.3

126.8
126.6
126.4
126.0

375.6
377.0
378.3
378.9

254.5
255.5
256.3
256.5

156.5
156.2
156.3
156.4

243.1
248.6
246.7
245.2

140.1
143. 1
141.2
140. 1

125.9
126.3
126.0
125.6

380.3
381.0
381.7
382.7

255.0
255.4
257.4
260.0

1983-AUG.
SEPT.

SEEK ENDING
1984
AUG.

6
13
20
27

SEPT. 3
10
17 P
24 P

1/
2/
3/

CUBBENCY OUTSIDE THE O.S. TBEASOHI, FEDERAL RESEBTE BANKS AID fAOLTS OF COMMERCIAL BAMIS. BICLUDIS THB BSTIHATBD
AMOUNT OF VAULT CASB HELD BY THRIFT INSTITUTIONS TO SEBflCE THEIR OCD LIABILITIES.
•..-.« o w
OUTSTANDING AHOONT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUEBS. TBAfBLBRS CBBCKS I$S0BD BI
DEMAND DEPOSITS AT COMBIBCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTBEB THAN TBOSB DUB TO DOMESTIC BABKS, * " U;S• GOVBRNHENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION " D " D U I L BBSUfB " ° I T *
EXCLUDES THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BI THBIFT INSTITUTIONS TO SERVICE THEIR OCD

4/

CONSISTS^F*NOB AND ATS BALANCBS AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCBS " J
,.,
mwmmm
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFFBRBNCB BBTNBBN THE
SEASONALLY ADJUSTED SUB OF DEMAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDED ARE ALL CEILING
FREE ••SUPER HOBS," AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEREGULATICN COMMITTEE TO BE OFFERED BEGINNING JANUARY 5,
1983
5/ SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, MONEY MABKBT FUND BALANCES ^GENERAL PURPOSB AND B B ** B */ D B "- B B >i __ «•
HHDAS, AND SAVINGS AND SMALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF
DEMAND DEPOSITS AND VAULT CASH HELD BY THBIFT INSTITUTIONS TO SERVICE TBEIR TIME AND SAVINGS DEPOSITS LIABILITIES.
6/ SUM OF LARGE TIME DEPOSITS, TERM BPS AND TERM EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET FUND BALANCES (INSTITUTIONONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPBESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EUBODOLLABS HELD BY
INSTITUTION-ONLY HONEY MARKET FUNDS.
7/ SAVINGS DEPOSITS EXCLUDE MHDAS.
^nr%nt%n m9w
8/ SHALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IBA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ABE SUBTRACTED FROM SHALL
9/ LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
10/ LARGE DENOMINATION TIHE DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY HONEY MARKET MUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (508)
Table 4

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

Date

3/

V

commercial paper3

Debt components4
federal debt
non-federal debt

219.6
222.9
221.6

41.6

43.6
43.8

124.4
121.0
125.3

1108.4
1122.4
1137. 1

3886.3
3914.4
3942.9

OCTNOV.
DEC.

70.7
70.8
71.0

218.5
217.2
223.3

42.8
43.0

125.7
126.9
132.4

1151.3
1163.6
1173. 1

3973.6
4007.8
4052.2

1984-JAH.
FEB.
MAR.

71.2
71.7
72.2

226-6
231.8
245.8

135.0
137.4
143.0

1192.2
1216.2
1224.9

4090.2
4124.2
4169.5

APB.
HAY
JUNB

72.5
72.8
73.0

241.8
240.0
252.1

147.7
152.9
158.5

1236.5
1252.5
1260.2

4215.9
4261.5
4306.3

1276.8

4349.2

JULY

2/

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

70.1
70.3
70.5

1983-JULY
AUG.
SEPT.

V

savings bonds

43.4
42.8

41.7

42.6
43.3
45.4
47. 1

CONSISTS OP U.S. TREASUBY BILLS AND COUPONS WITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BT CTHEB THAN DEPOSITORY
INSTITUTIONS, PEDEBAL RESERVE BANKS, HONEY MARKET MUTUAL FUNDS AND FOREIGN ENTITIES.
NET OP BANKEfiS ACCEPTANCES HELD BY ACCEPTING BANKS, PEDEBAL RESEBVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM 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 END-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO BEHOVE DISCONTINUITIES.




H.6 (508)
Table 5

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

Currency

1

Travelers
checks2

Demand
deposits 3

at commercial
banks 4

at thrift
institutions 8

Nontransactions components
total

in M2'

in M3 only

7

Overnight
RPs8

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

143.8
144.3

5.1
5.0

241. 1
242.0

92.4
93.4

31. 1
31.6

123.5
124.9

1619.8
1626.0

482.3
489. 1

42.0
42.8

10.4
10.7

139.1
137.9

OCT.
NO?.
DEC.

145.7
147.9
150.5

4.8
4.6
4.6

244.8
245.2
251.6

94.3
95.6
97.7

32.7
33.3
33.5

127.0
128.9
131.2

1644.8
1654.5
1660.2

487.9
506. 7
516.0

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

4.6
4.7
4.8

249.4
237.9
239.4

99.2
97.8
99.7

33.2
33.2
34.4

132.5
130.9
134. 1

1675.7
K690.5
1702.7

516.5
524.5
535.2

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

36.2
36.0
37.0

139.0
135.8
138.1

1711.4
1718.5
1728.3

543.3
557.0
561.2

46.4
47,0
43.9

11.1
12.1
12.6

145.9
146.5
148.9

JULY
AUG.

156.3
156.5

5.8
5.7

247-5
242.9

100.4
100.2

37.3
37.1

137.7
137.3

1739.1
1744.8

568.6
578.4

43.2
45.1

13.3
13,2

150.5
150.6

1983-AUG.
SEPT.

WEEK

ENDING:

1984-AOG.

SEPT.

1/

13
20
27

157.1
157.5
156.7
155.4

246.4
246.0
244.2
236.6

101.3
100.9
100.0
98.8

38.2
37.5
36.9
36. 1

139.4
138.3
137.0
134.9

43.6
45.1
44.9
46.6

11.5
12.4
13.7
14.7

151.6
150.2
149.8
150.6

3
10
17 P
24 P

156.7
157.7
156.4
155.5

242.1
251.4
249.2
239.6

100.6
104.0
102.6
99.1

37.3
38.9
38.2
37.0

138.0
142.9
140.7
136.1

45.2
43. 9
43.8
44.4

13.3
11.3
12.1
13.5

150.8
150.9
152.3
152.4

6

CUHHENCY OUTSIDE THE U.S. TREASORT# FEDERAL RESERVE BANKS AND THE VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
2/ OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOBINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
3/ DEMAND DEPOSITS AT COMMERCIAL BANKS OTBER 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 DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
4/ CONSISTS OF NO! AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER NOWS OF $32.8 BILLION IN THE WEEK ENDED SEPTEMBER 10, $32.7 BILLION IN THE MEEK ENDED SEPTEMBER
17, AND $31.9 BILLION IN THE WEEK ENDED SEPTEMBER 24.
5/ CONSISTS OF NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT ONION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOWS OF $12.3 BILLION IN THE WEEK ENDED SEPTEMBER 10, 12.2
BILLION IN THE WEEK ENDED SEPTEMBER 17, AND $11.9 BILLION IN THE WEEK 5NDED SEPTEMBER 24.
6/ SUM OF OVERNIGHT RPS AND EURODOLLARS, HONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), HMDAS AND SAVINGS
AND SMALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
7/ SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET FOND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS 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 COMMERCIAL BANKS 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 OTBER THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET BUTUAL FUNDS (GENERAL PURPOSE AND BBOKER/DEALEF).




H.6 (508)
Table 5-continued

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

Date

Money market deposit accounts
at
at
total
thrift
commercial
banks
institutions

at
commercial
banks

Savings deposits
at
thrift
institutions

total

Small denomination time deposits2
at
at
thrift
commercial
total
institutions
banks

Large denomination time otopc*itt'
at
at
thrift
commercial
total
4
institution*
banks

218.9
221.1

149.7
148.4

368.6
369.5

138.3
136,4

181.5
179.8

319.8
316.2

332.8
337.3

414.2
419.0

747.0
756.3

223.6
224.2

84,7
90.5

308.5
314.6

OCT.
NOV.
DEC.

223.4
227. 1
230.0

147.1
145.8
145*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
351.9

427.5
434.2
437.6

771.4
783. 1
788.6

222.1
225.5
229.0

95.8
98.3
100.7

317.9
323.7
329.7

1984-JAN.
FEB.
MAR.

234.2
238.3
242.6

146.2
147.7
149.9

380.3
386.0
392.5

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

229.3
229.7
233. 1

105.7
111.2
114.2

335.0
340.9
347.3

APE,
JUNE

245.4
244.3
244.9

151.0
150.2
148.0

396.4
394.6
392.9

130.5
129.9
129.7

178. 1
178.3
178.9

308-7
308.2
308.6

356.5
360.5
365.4

454.2
457.2
463.7

810.7
817.6
829.1

233-7
241.6
247.3

118.2
123.3
128.2

351.9
364.9
375.4

JOLT
AUG.

243.9
242.6

145.0
140.6

388.9
383.1

128.9
126.4

178.1
174.1

307.0
300.5

370.7
377.5

473.0
482.2

843.8
859.6

251.7
255.9

132.8
136.6

384.5
392.5

1983-AUG.
SEPT.

HAY

WEEK ENDING
1984
AUG.

6
13
20
27

SEPT. 3
10
17 P
24 P

1/
2/
3/
4/

242.8
242.7
242.3
242.4

127.4
127.0
126.4
125.6

375.0
376.6
378.0
378.8

253.9
255.4
256.3
257.1

243. 1
244.6
244.5
242.9

125.2
125.4
124.8
124.2

379.5
380.3
381.1
382.1

256.7
256.5
257.9
260.8

SAVINGS DEPOSITS EXCLUDE HHDAS.
SHALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL RP5 — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN 5100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) 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 (IBFS).
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY HONEY MARKET MUTUAL FUNDS, DEPOSITOR!
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
Term RPs1
Date

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

Term
Eurodollars2

Savings
bonds

Won M3 Components of L
Short-term
Bankers
treasury
acceptances4
securities3

Components of Debt
Commercial
paper*

Federal debt*

Non-Federal*
debt

38.4
38.8

31.6
31.9

15.2
16.1

46.9
48.0

91.9
90.7

70.2
70.4

216.7

43.1
43. 8

123.9
123.5

1116. 1
1134.0

3901.6
3932.8

OCT.
NO?.
DEC.

39.8
40.6
40.3

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
222.8

43.0
43.4
44.8

124.8
128.0
132.9

1147.6
1158.0
1170.2

3967.0
4001.4
4049.0

1984-JAN.
FEE.
HAH.

40.6
41.6
41.8

34.2
35.7
35.4

19.1
18.8
20.6

53.3
54.5
55.9

90.5
90.6
93.7

71.6
71.8
72.1

230.2
239.6
253.1

43.8
42.3
42.2

135.8
137.7
141.2

1189.8
1210.7
1223.6

4085.7
4110.6
4147.3

APR.
MAY
JUNE

41.8
42.0
42.3

36.2
35.7
32.5

23.6
25.9
27.3

59.8
61.6
59.8

93.1
93.1
87.9

72.3
72.6
72.8

246.2
240.8
249.0

42.6
44.9
46.4

147.1
153.6
159.6

1235.9
1248.7
1255.8

4190.6
4238.7
4288.6

JULY
AUG.

42.6
42.7

31. *
34.3

28.3
29.0

59.7
63.3

86.2
84.7

1270.8

4334.8

42.7
42.8
42.6
42.7

33.4
34.6
34.3
34.4

42.7
42.3
42.7
43.3

35.0
33.3
34.4
36.3

1983-AUG.
SEPT,

217.9

MEEK ENDING:
1984-AUG.

6

13
20
27
SEPT. 3
10
17 P
24 P

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

TERM RPS AEE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL HATURITIES GREATER THAN ONE DAY. CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS BT
FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE AND BY ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEY MARKET flUTOAL 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 OFPICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND MONEY MARKET flOTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PRPFR HELD BY MONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-MONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO BEHOVE DISCONTINUITIES.




H.6 (508)
Table 6

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

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

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

foreign
commercial
banks

foreign
official
institutions

7.9
8.1

2.0
2.0

7.3
7.3

2.4
3.2

3.5
7.4

14.0
14.8

19.9
25.3

OCT.
NOV.
DEC.

8.0
8.4
8.2

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
4.7
7.8

1984-JAH.
FEB.
HAR.

8.3
8.5
8.1

1.8
1.9
1.9

7.0
6.8
6.9

3.}

3. 1
3.0

4.7
4.5
4.0

APR.
MAX
JUNE

8.0
8.2
8.1

1.7
1.9
1.8

7.2
7.4
7.5

3.8
2.7
3.9

JOLT
AUG.

8.2
8.0

1.8
1.8

7.3
7.5

1.6

Date

1983-AUG.
SEPT.

IRA and Keogh Accounts
time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

0.8
0.8

28.0
28.5

36.7
37.6

5.1
5.0

69.8
71. 1

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

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
85.0

7.5
4.2
3.8

12.7
10.0
8.5

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

2.8
2.9

4.0
3.6

9.0
7.5

15.8
13.9

0.8
0.8

40.6
41.5

50.7
51.3

6.2e
6.2e

97. 5e
99. Oe

1.8
2.0

7.3
7.6
7.5
7.5

4.2
2.3
2.9
2.3

3.9
3.1
3.3
3.6

9.4
5.7
6.5
8.5

17.6
11.1
12.8
14.4

0.8
0.8
0.8
0.8

11.8
.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
5.6
8.4

7.5
7.4

14.0
14.6
20.9
32.5

0.8
0.8
0.8
0.8

1EEK ENDING:
1984
AUG.

6
13
20
27

SEPT. 3
10
17 P
24 P

e = estimated




8.2
8.0
8.3
7.6
8.1
8.3
7.9
7.9

11.7

10.5
20.7

money
market
mutual funds

total