Full text of H.6 Money Stock Measures : September 19, 1985

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 (506)

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

SEPTEMBER 1 9 ,

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

Date

M2
M1 plus overnight RPs
and Eurodollars,
MMMF balances (gen. pur.
and broker/dealer), MMDAs,
and savings and small
time deposits2

M3
M2 plus
large time deposits,
term RPs, term Eurodollars
and institution-only
MMMF balances9

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors5"

Seasonally adjusted
1984—AUG.
SEPT.
OCT.
MOV.
DEC*

548.9
551.5
548.3
553.8
558.5

2292.8
2308.4
2319.3
2346.3
2371.7

2878.8
2901.0
2925.1
2959.9
2995.0

3421.6
3452.1
3473.5
3501.8
3539.4

1 9 8 5 — JAM.
FEB.
BAB.
APB.
flAI
JUNE
JULI
AUG. P

562.7
569.4
572.1
574.9
581.6
591.2
595.8
606.0

2398.9
2421.0
2429.3
2427.3
2444.6
2472.7
2490.2
2513.4

3020.5
3041.0
3055.6
3056.3
3075.7
3102.7
3113.6
3136.0

3562.0
3593.4
3621.4
3624.3
3642.3

565t>. 1

5711.2
5773.7
5850.6
5*27.0
599J.7
6U49.2
6102.8
6163.4
6^26.3
6267.4
6J49.9

Not seasonally adjusted

1984—AUG.
SEPT.
OCT.
NOV.
DEC.

545.0
548.5
548.2
555.9
570.4

2287.7
2298.8
2316.6
2344.4
2376.7

2874.8
2890.9
29 20.6
2960.4
3002.2

3414.8
3441.6
3469.0
3502.2
3540.9

5636.0
5696. 1
5760.7
5837.4
5920.6

1985—JAM.
FEB.
HAfi.
APB.

568.3
558.6
564.9
581.6
576.2
592.3
599.1
601.6

2404.2
2414.5
2429.6
2439.2
2440.7
2476.4
2496.2
2506.6

3024.2
3034.3
3057.3
3066.2
30 73.6
3105.4
3115.8
3130.9

3566.8
3569.9
3627.7
3638.5
3637.2

5985.7
6027.7
6075.4
6135.0
6196.5
6262.5
6326.6

SAT

JUKE
JULI
AUG. P

Ml
For period ended

Seasonally adjusted
13-week average

1985-AUG.

5

12
19
26
SEPT. 2 P
9 P

MOT El

week average

13-week average

Not seasonally adjusted
4-week average

week average

591.0
592.9
594.7
596.5

596.6
599.4
602.0
604.9

602. 1
603.1
605.8
608.4

590.9
593.0
594.9
596.8

597.5
59 7.9
599.9
601.5

604-7
604.9
603.0
593.5

596.4
600.1

606.8
609.3

609.7
613.4

59b. 0
599.6

600.5
604.0

600.6
619.0

SPECIAL CAUTION SHOULD BE TAKEN III INTEBPBETIMG lEEK-TO-fEE* CHANGES l i MOME1 SUPPLY DATA. iBICfl ABE
HIGHLY TOLATILE AMD SUBJECT TO REVISION.
P—INDICATES PBELIfllNAfiY DATA*.
FOOTNOTES APPEAJ* 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 SOUTHS FROM HAY

1985 TO AUG. 1985

16.8

11.3

7.8

12.1

6 MOUTHS FROM FEB.

19b5 TO AOG. 1985

12*9

7-6

6.2

11.9

12 MONTHS FROM AUG.

1984 TO AUG. 1985

10.4

9.6

8.9

13.$

THIRTEEN WEEKS ENDING SEPT. 9, 1985
FROM THIRTBEN UEEKS ENDING!

1/

1/

2/

3/

4/
5/




JUNE

10, 1985 (13 MEEKS PREVIOUS)

15.1

MAR*

11, 1985 (26 VEEXS PREVIOUS)

12.3

SEPT. 10, 1984 (52 WEEKS PREVIOUS)

9.5

GROWTH BATES JOB DEBT ARE BASED ON PEfilODS BEGINNING AND ENDING ONE MONTH EARLIER TBAN FOB THE MONETARY AGGREGATES,
NAMELY, APRIL, 1985 TO J O H 1985, JANUAIX 1985 TO j<jLf 1985# AND JULY 1984 TO JULY 1985, RESPBCTIVBLI.
FOOTNOTES TO TABLE 1
CONSISTS OF (1) COHHBNCI OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF COMMEBCIAL BANKS;
(2) TRAVELERS CHECKS OF MONbANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER 1HAN THOSE DUE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN bANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS
OF COLLECTION AND FEDERAL HESEhVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER
OF MITHDKAWAL (NOW) AND AUTOMATIC TRAMSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORI INSTITUTIONSCREDIT UNION SHAfii DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY. HELD BI
THRIFT INSTITUTIONS TO SEBVICE THEIR OCD LIABILITIES.
COhlilSlS OF M1 PLUS OVERNIGHT (AND CONTINUING CONTRACT* BPS ISSUED BI ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BY FOBEIGN BRANCHES OF U.S. BANKS HORLDNIDE, MHCAS, SAVINGS AND SMALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAILtft»S~IN AMOUNTS OF LESS THAN $100,000), AND BALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PUKPOSE AND BROKEB/DEALEB MONEY MARKET MUTUAL FOUOS. EXCLUDES IRA AND KEOGH
BALANCES AT DEPOSITOtiY INSTITUTIONS AND MONEY MABKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMERCIAL
BANKS, MONEY MARKET FUNDS (GENERAL PURPOSE AND BaOKEB/DEALEBJ, FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE U.S. GOVEhNMKNT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF M^ PLUS LAKGE DENOMINATION 1IME DEPOSITS (IN AMOUNTS OF $100,000 OR MOREJ AND TERM MP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THKIFT INSTITUTIONS, TE*M EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BRANCHES OF U.S. BANKS
WORLDWIDE AND AT ALL BANKING OFFICES IN THE HHl'^t) KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AND TAX-8XBMPT
INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, HONEY
MARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AMD EURODOLLARS HELD BX INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS.
CONSISTS OF Mi PLUS THE NONBAKK PUbLlC HOLDING OF J. S. SAVINGS BONDS, SHORT-1BRM TREASURY SECUdl'IIlSS, COMMERCIAL
PAPER AND BANKERS ACCEP1ANCES, NET OF MONEY MARKET MUTUAL FUND HOLDINGS CF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT HAKKE1 DEBT OF THB UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANC1AL SECTORS. PfalVAlE DibT CONSISTS OF CORPORATE BONDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHEH bANK LOANS, COMMERCIAL PAPtB, BANKERS ACCEPTANCES AND O1HER DEBT
INSTRUMENTS. 1HE DATA A*iE UEHIVED F*OM TH*: FEDERAL hESfikVE BOARD'S FLOH C* FONLS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC
NOhFINANCIAL SECTORS ABE PRESENTED IN MONTH-AVrlBAut FOBrt, OEfilVED BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTfcD TO KEflOVE blA/riSTlCAL DISCONTINUITIES THAT UAY ABISfi IN THE UNDERLYING FLO* OF FUNDS STATISTICS.
THE PhfcSENTATlON OF DLb'l DATA IN THIS REL.KASE DlfFEriS, THEfcEt'OKE, FROB THE QUART EHLY PLOrf Of FUNDS STATISTICS CONTAINED IN

COMPONENTS O f THE MONEY STOCK

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dapoahV

won Iran lactiona
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t

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•I Will

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at
at
Mai
banks

Lai a tlma dapoahV
at
Mai
thrift
banks" matMuttona
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bar**
127. Q
126.1

Inatttuttona

169.5
168.5

296.5
294.6

378.8
381.7

4 7b. I
462. 8

85b. 0
664. 5

255.0
258.0

137. b
138. 0

392. 6
396. 0

155.9
156.8

5.2
b.1

246.8
247.5

141.0
142.2

1744. 0
1756.

5ttb. 0
b

OCT.
NOV.
DEC.

157.1
157.9
158.7

5.0
5.1
5.2

244.5
246.8
246.6

141.8
143.9
146.0

1771. 0
1792. 5
1813. 3

60b. 6

613. 6
623. 3

124.9
123.8
122.6

167.7
166.9
166.0

292.6
290.7
288.6

383.1
384.5
367.0

489. 6
494. 0
496. 6

872. 7
878. 5
865. 6

263.2
263.6
264.4

14 1 . 9
147. 1
151. 6

405. 2
410. 7
• 16. 2

1985-JAN.
FEB.
MAR.

159.4
160.5
161.3

5.3
5.3
5.4

249.1
251.7
251.9

149.0
151.8
1S3.6

1836.2

18b1.6
1657.1

621. 6
ti20. 0
626. 3

121.6
121.4
120.3

166.9
168.0
158*4

288.6
289.4
286.6

384.7
382.0
382.8

497. 2
495. b
49b. 8

681. 9
677. 6
876. 6

262.3
264.4
2b9.4

154. b
154. 9
154. 2

416. 9
419. 3
423. 6

APR.
HAY
JUNE

161.7
163.1
164.5

5.5
5.5
5.7

252.5
255.8
260.7

155.3
157.3
160.3

1852. 4
1863. 0
1861. 5

628. 9
631. 0
630. 0

119.6
120.4
121.9

168.3
168.9
170.2

287.8
269.3
292. 1

387.6
390.0
390.7

497.6
502.1
503.5

885. 3
892. 0
894. 2

273.0
272.1
2b 7. 7

154. 4
15b. 1
156. 4

427. 3
428. 2
424. 2

JULY
AUG. P

165.4
167. 1

5.9
5.9

260.9
264.1

163.6
168.8

1894. 4
1907. 4

623. 4
622. 7

123.2
124.2

172.8
176.1

296.0
300.3

388.4
384.1

500. 2
494. 4

888. 6
676. 6

266.0
268.0

154. 2
153. 7

420. 2
421. 7

166.6
166.7
167.2
167.6

262.4
261.7
263.5
265.0

167.2
168.8
169.2
169.6

124.0
124.3
124.2
124.2

365.5
384.2
384.1
383.9

2b 5. 2
267.2
267.8
269.8

167.5
167.6

266.1
267.5

170.1
172.3

124.2
124.5

383.3
382.7

269.8
271.2

1984-AUG.
SEPT.

BEBK ENDING
1985
AUG.

5
12
19
26

SEPT. 2 P
*

1/
2/
3/

4/

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

P

CURRENCY O0TSI0E TBB 0«S. TRBASORY, FEDERAL RESERVE BANKS AMD VAOLTS OF COBBEBCIAL BANKS. EXCLUDES IHE BSTIflATBD
AMOUNT OF fAULT CASH HELD BT THBIFT INSTITUTIONS TO SERVICB THEltt OCO LIABILITIES.
OUTSTANDING AIIOUNT OF U.S. DOLLAR- DENOHI HATED TRAVEL BBS CHECKS OF NONBA1K ISSUERS* TfiAflLEBS CHECKS ISSUED BI DEPOSITOR I
INSTITUTIONS ABE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COHBERCIAL BANKS AND FOBEJLGN BELATED INSTITUTIONS OTBEB THAN THOSE DOB 10 DQRES11C BANKS, 1HE U.S. GOVERNBENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PBOCESS OF COLLECTION AND FfifiEBAL BBSEBVE PIGAT.
EXCLUDES THE ESTIMATED ABOUNT OF DEBAND DEPOSITS HELD AT COBM£BCJAL BANKS BI IHftlFT INSTITUTIONS 10 SBBYICB TflBIB OCO
LIABILITIES.
CONSISTS OF NOV AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT ONION SHABK DRAFT BALANCES AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFfBBENCB BETWEEN TBB
SEASONALLY ADJUSTED SUA OF DEMAND DEPOSITS PLUS OCO AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDED ARE ALL CEILING
FREE ••SUPER NONS," AUTHORIZED BY TUB DEPOSITORY INSTITUTIONS DEREGULATION COBBITTEE TO IE OFFERED BEGINNING JANUABI 5 #
1963.
SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, HONEY MARKET FOND BALANCES (GENERAL PORPOSB AND BBOKJiB/DEALER) #
BflDAS, 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 THEIR TIAE AND SAVINGS DEPOSITS LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TBBM RPS AND TERB EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET FUND BALANCES (INSTITUTIONONLYj, LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED ABOUNT OF OVEBNIGUZ RPS AND EURODOLLARS HELD BI
INSTITOTION*ONLY HONEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE HMDAS.
SHALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL R P S — ABB THOSE ISSOID IN ABOONTS OF LESS THAN £100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KBO<*U ACCOUNTS AT CONMfcflCIAL BAUKS AND TiUUPTS AMI SUBTRACTED FBOB SBkLL
TIME DEPOSITS.
LA&GE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN ABOONTS OF $100,000 OB HOBS, EXCLODING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY BOBBY BASKET MUTUAL 9UUDS,
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

Debt components4
federal debt
non-federal debt

48.2
47.8
46. 8

159.4
160.5
157.2

1275.9
1297.8
1310.6

4317.2
4358.3
4400.6

OCT.
NOV.
DEC.

73.7
73.9
74.1

273. 1
268.0
267.2

44. 6
42.5
41.3

156.7
157.6
161.8

1325.1
1347.*
1367.3

4448.5
4503.1
4559.7

1985-JAN.
FEB.
NAB.

74.4
74.9
75.3

26b. 7
270.3
27b. 5

40.6
42.5
44.3

159.6
164.8
169.8

1384.8
1399.5
1409.8

4608.9
4649.7
4693.0

75.8
76.2

279.4
279.2

44.0
42.5

168.9
168.6

1424.0
1442.8
1459.5

4739.3
4783.5
4827.9

1479. 1

4670.8

JULY P

3/
4/

commercial paper3

262.1
xt>K 1
273.5

APR.
HAY
JUNE

2/

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

73.1
73.J
73.6

1984-JULY
AUG.
SEPT.

1/

savings bonds

CONSISTS OF U . S . TfcEASUBY BILLS AMD COUPONS MXTH aENAINING MATUBIT1ES OF LESS THAN 12 MONTHS d£LD BY OTHEH TBAN DEPOSITOBY
INSTITUTIONS, FEDEBAL RESERVE BANKS, HONEY ttAnKfi MUTUAL FUNDS KhD FOREIGN ENTITIES.
NET OF BANKE&S ACCEPTANCES HELD BY ACCEPTING BANKS, FEDEflAL KESEBVE BANKS. FOflEIGN OFFICIAL INSTITUTIONS, THE FEDERAL
H«flE LOAN BANK SYSTEM AND MONEY MARKET flUTUAL FUNDS.
TOTAL COMflERClAL PAPER LESS COMMERCIAL PAPER titlLD BY MONEY MARKET MUTUAL FUNDS.
DEbT DATA ABE ON A HUNTULY AVERAGE BASIS, DEH1VEL) BY AVERAGING END-OF-MOHTH LEVELS OF ADJACENT MONTHS, AMD 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
Date

1

Currency

Travelers
checks2

Demand
deposits3

at commercial
banks4

at thrift
institutions9

total

in M2'

7

in M3 only

Overnight
RPs"

Overnight
Eurodollars9

General
purpose and
broker/dealer
money market
funds

156.5
156,5

5.7
5.4

246.1

100.7
101.7

38.2
38.8

138.9
140.5

1742.7
1750.3

587. 1
592. 1

45.0
44. 1

13.5
12.6

150.6
152. 1

OCT.
NOV.
DEC.

156.7
158.7
160.9

5.0
4.8
4.9

24*.B
24d,9
257.4

101.5
103.1
105.9

3H.3
40.4
41.3

140.8
143.4
147.2

1768.4
1788.5
1806.3

604.0
615.9
62b.4

44.7
47.9
45.2

12.1
10.1
12.4

155.6
162.0
167.5

1985-JAN.
FEB.
HAP.

158.3
158.6
159.8

4.9
5.0
5.1

2b4.9
244.9
246. i

108.3
107.8
109.9

41.8
42.3
43.8

150. 1
150.1
153.6

1835.9
1855.9
1864.7

620. 1
619.8
627.8

48.7
56.3
55.7

14.2
13.3
12.1

171.9
175. 1
177.6

APP.
HAT
JUNE

161.2
163.2
165.2

5.2
5.4
6.0

255.1
2b1.4
2b9.t*

114.1
110.5
113.8

46. 1
45.7
47.5

160. 1
156.2
16 1.3

18^7.6
1864.5
1884.1

62tt.9
632. 9
629.0

47.4
51.3
50.3

11.7
12.4
12.3

176.2
172.2
175.4

JULY
AUG. P

166.8
167.7

6.6
6.6

262.2
260.9

115.0
117.0

«8. 5
49.3

163.5
166.3

1897. 1
1905. 1

619.6
624.2

50.2
52.2

11.9
13.6

175.8
176.7

263.2

50.0
49.8
49. 1
48. 4

167.0
167.5
166.0
164.3

52.0
50.8
53.7
52.5

12.7
13.1
13.7
14.9

175.6
176.9
176.7
177.1

49.3
51.7

166.6
174.0

51.7
52.3

13.2
13.6

176.8
176.0

1984-AUG.
SEPT.

24i.«

WEEK E N D I N G :

1985-AUG.

SEPT.

1/
2/
3/

4/
5/

6/
7/
8/
9/

5
12
19
26
2 P
9 P

167.7
168.6
167.8
166.7

262.6
250.0

117.0
117.8
116.6
116.0

167.2
168.9

260.3
269.7

117.2
122.3

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL fiESEfiVE BANKS AND THE VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AHOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS IO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOHINATJSD TRAVELERS CHECKS OF NONBARK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEHAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BARKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.B. FLOAT, LESS THE ESTIMATED AHOUNT OF DEHAND
DEPOSITS HELD AT COHHEBCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES*
CONSISTS OF NOW AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER NOUS OF $41.3 BILLION IN THE WEEK ENDED AUGUST 2 6 # $41.6 BILLION IN THE HBEK ENDED SEPTEMBER 2 ,
AND $42.9 BILLION IN THE WEEK ENDED SEPTEMBER
9.
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 NOHS OF $17.2 BILLIOR IN TriE WEEK ENDED AUGUST 26, 117.5
BILLION IN THE WEEK ENDED SEPTEMBER
2, AND $.18.2 BILLION IN THE WEEK ERDED SEPTEMBER
9.
SUM Ot OVERNIGHT RPS AND EURODOLLARS, HONEY MARKiST FUND BALANCES (GENEfiAL PURPOSE AND BBOKEH/DEALEfl), MMDAS AND SAVINGS
AND SMALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAOLT CASH HELD tit THRIFT INSTITUTIONS TC SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LAPGE TIRE DEPOSITS, TEflH RPS AND EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET PUND BALANCES (INSTITUT10N-0NLX), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THfi bSTlMATED AHOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD bY 1NSTITUTION-GNLY
NONE* MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT kPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS IGENEtfAL PURPOSE hHl) bhOKEF/DEALEK) .
ISSUED BY FOREIGN BhANCHES OF U.S. BANKS HORLJrfI.DE TO U.S. KESIDBNTS OTHER THAR DEPOSITORY INSTITUTIONS AND
HUNEK MAKKE1 MUTUAL FUNDS (GENERAL PURPOSE AND tihOKER/DEALEF)




H.6 (508)
Table 5-continued

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

Date

1984-AUG.
SEPT.

Money market deposit accounts
at
at
total
thrift
commercial
institutions
banks

243.6
244.8

at
commercial
banks

Savings deposits
at
thrift
institutions

total

Small denomination time deposits2
at
at
thrift
commercial
total
institutions
banks

Jdu.9
3d8.6

126.8

168.9

125.2

1b7.4

295.7
292.6

379.9
384.0

475.9
483.4

bbb.8
86 7 . 4

2bb.4
2b9.3

138.7
138.6

395.1

143.8

392.0
402.4
415.1

124.3
122.7
121. 4

167.4
1b6. 1
164.9

291.7
288.8
286.3

386.2
387. 1
387.6

493.2
497.4
499.4

879.4
dH4.5
887.0

264.0
26J.6
265.9

143.1
147.6
151.1

407. 1
411.2
416.9

286.9
286.9
288.8

386.3
384. 1
38J.7

502.0
499.5
496.3

8dtt. <4
88J.6

880.0

263.0
26 J. 9
269.8

154.1
154.9
153.3

417.1
41b.8
423.0

495.6
495.5
496.8

879.4
880.8
88J.2

270.4
270.0
267.3

153.4
156.1
156.0

423.8
426.0
423.2

497.6
494. 1

884.0
879.5

265. 1
269.8

154.3
155. 1

419.4
424.9

145.3

OCT.
NOV.
DEC.

248.2
267.1

143.9
145.4
147.9

1985-JAN.
FEB.
HAti.

280.4
289.3
294.0

153.2
159.0
163.9

433.7
448.3
457.9

121.1
120.4
120.6

165.7
166.5
168.2

APR.
HAY
JUNE

295.9
298.3
307.3

164.5
165.6
167.8

460.3
463.8
475.1

120.9
121. 7
123.2

1b9.3
170. 1
172.6

290.2
291.8
295.8

383.9
385.2
Je6.4

JULY
AUG. P

313.0
317.7

171.0
174.0

483.9
491.8

124.4
124.0

175.1
175.5

299.4
299.4

386.4
385.4

SEEK

257. 1

Large denomination time deposits3
at
"
"at
• "I
thrift
commercial
total
4
institutions
banks

397.9

ENDING

1985
AUG.

5

12
19
26
SEPT.

1/
2/
3/
4/

2 P
9 P

318.6

124.3
124.4
124.0
123.7

385.7
385.4
385.4
385.1

266.0
268.5
269.5
272.3

319.5
321.3

123.5
123.9

385.2
385.2

272.4
272.5

315.7
316.8
317.8

SAflMGS DEPOSITS EXCLUDE HflOAS.
SHALL DENOMINATION TIRE DEPOSITS — INCLUDING RETAIL RPS — AKE IHOSB ISSUED III AMOUNTS OF LESS THAN £100,000. ALL
INDIVIDUAL RETIREMENT ACCODNTS (IRA) AND KEOGH ACCOUNTS AT COflflERCIAL BAftKS AND THRIFTS ARE SUBTRACTED FROM SMALL
TIBE DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR HOBE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY HONEY AARKET 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
Term RPs1
Date

Institution
only money
market funds

at commercial
banks

at thrift
Institutions

total

Term
Eurodollars1

Savings
bonds

Non M3 Components of L
Short-term
Bankers
treasury
acceptances4
securities'

Components of Debt
Commercial
paper*

Federal debt*

Non-Federal*
debt

46.2
46.9

30.7
31.3

33.4
35.4

66.6

86.5
85.6

73.3
73.5

259.4
271.6

4/.2

159.8
1t>8.4

1295.8
1310.5

4340.3
4385.6

OCT.
NOV.
DEC.

52.2
58.3
62.7

33.1
35.4
32.5

36.1
35.3
37.3

69.3
70*7
69.7

80.6
81.9
83.1

73.8
74.0
74.4

271.3
265.1
264.8

45.1
43.3
42.8

158.3
159.4
156.9

1323.0
1343.0
1364.7

4437.7
4494.4
4556.1

1985-JAN.
FEB.
MAR.

65.0
62.2
59.5

29.9
31.2
32.7

35.1
34.b
36.2

65.0
65.7
68.9

81.1
81. 3
84.7

74.6
74.9
75.3

268.5
273.8
284.1

42.0
42.7
43.2

157.3
164.2
167.7

1383. 1
1397.4
1412.0

4602.6
4630.3
4663.4

APR.
NAY
JUNE

59.6
6J.5
67.1

35.2
33.4
33.1

36.8
35.4
33.8

71.9
68.8
66.9

80.7
80.8
78.3

75.6
76. 1

282.8
277. 1

42.6
41.;

169.3
168.8

1427.1
1443.8
1457.9

4707.9
4754.7
4804.6

JULY
AUG. P

64.8
62.9

31.1
32.1

33.8
34.2

64.8
66. J

76. 1
75.4

1475.8

4850.8

62.9
62.8
62.2
64.2

30.2
31.5
32.4
31.7

62.4
62.5

34.8
33.1

1984-AUG.
SEPT.

MEEK

5
12
19
26

SEPT. 2 P
9 P

2/

3/
4/
5/
6/

47.7

ENDING:

1985-AUG.

1/

64. 1

TERN APS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND fiETAIL RPS. INCLUDES
A RELATIVELY SHALL AflOUNT OF OVERNIGHT RPS AT THhlFT INSTITUTIONS.
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 WORLDWIDE AND BY ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEY HARKBT MUTUAL FUNDS.
CONSISTS OF U.S. TREASURY blLLS AND COUPONS WITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BY OTHEB THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, MONEY HAKKcIT MUTUAL FUNDS, AND F0REI6N ENTITIES.
NET OF EANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESER7E BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND HONEY 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-MONTH LEVELS OF ADJACENT HONTtfS, AND HAVE BEIN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6 (508)
Table 6

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

Date

foreign
commercial
banks

foreign
official
institutions

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

IRA and Keogh Accounts
time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

money
market
mutual funds

total

8.4
8.4

1.9
2.0

9.0
9.4

2.9
3.4

3.6
6.0

7.5
14.1

13.9
23.6

0.9
1.0

41.3
41.9

55.1
55.9

6.2
6.2

102.7
104.0

CCT.
MOV.
DEC.

8.5
6.8
8.6

1.8
2.1
2.0

9.2
9.4
9.6

2.7
2.8
3.4

4.0
3.2
3.4

8.4
7.5
9.1

15. 1
13.6
16.0

1.0
1.1
1.0

42.6
43.2
43.8

56.9
57.7
59.0

6.2
6.5
6.9

105.7
107.3
109.7

1985-JAH.
FEB.
HA£.

8.5
8.3
7.5

1.9
2.1
1.8

9.2
8.9
8.7

3.7
3.1
3.6

4.0
4.3
3.0

14.9
12.7

22.5
20.1
16.6

1.1
1.1
1.0

45.3
47.0
48.8

61.4
63.1
65.4

7.4
7.7
7.9

114.0
117.9
122. 1

APB.
HAY
JUNE

7.6
7.8
7.8

1.9
2.1
1.9

8.5
8.4
8.3

3.9
3.1
3.4

6.6
6.7
2.8

11.5
17.8
11.4

22.0
27.6
17.7

1.0
1.0
1.0

53.5
55.1
55.9

69.2
70. 5e
71.8e

8.6
8.6
8. 4e

131.2
134.2e
136. 1e

JUlj
AOG. P

7.9
7.6

1.8
1.9

8.3
8.2

3.1
2.8

4.0
3.0

20.0
10.6

27.0
16.4

1.0
1.1

56.7
57.4

73. 7e
75. 2e

8.5e
8.6«

138.8e
141. 2e

8.2
7.8
7.3
7.5

1.9
1.9
2.1
1.8

8.3
8.1
8.2
8.2

3.4
2.5
2.8
2.8

2.4
3.5
2.9
2.7

15.9
9.5
8.8
10.7

21.7
15.5
14.4
16. 1

1.1
1.0
1.1
1.1

7.1
9.3

2.0
1.9

8.2
8.1

2.6
3.5

3.3
3.6

9.4
6.3

15.3
13.3

1.1
1.1

1984-AUG.
SEPT.

WEEK ENDING:
1985
AUG.

5
12
19
26

SEPT.

2 P
9 P

e - estimated




SPECIAL SUPPLEMENTARY TABLE

Monthly Survey of Selected Deposits and Other Accounts
At All Insured Commercial Banks and All Mutual Savings Banks1
July 31, 1985 and August 28, 1985
(not seasonally adjusted)
Liability Categories
"Super NOW" accounts 2 *
(standard error of the estimate)
Money market deposit accounts 3 *
Interest-bearing time deposits with
balances of less than $100,000
with original maturities of: 4
7 to 31 days
(standard error of the estimate)

Insured Commercial Banks
Amount Outstanding ($mil)
Average Rate Paid (Z
July 31
August 28
July 31
August 28

fr

39,824
(521)

40,329
(496)

315,703

319,538

j

Number of Issuing Banks |
' August 28 j
July 31

6.06

6.06

11,716

11.771

6.76

6.75

12,952

12,914

I

I
5,311
(367)

5,280
(368)

6.89

6.94

8,270

8,170

32 to 91 days
(standard error of the estimate)

18,774
(762)

19,087
(767)

7.08

7.08

12,824

12,702

92 to 182 days
(standard error of the estimate)

153,597
(2,196)

152,166
(2,287)

7.55

7.57

13,609

13,585

183 days to 1 year
(standard error of the estimate)

66,807

7.88

12,840

12,915

(1,223)

(1.214)

over 1 year to 2-1/2 years
(standard error of the estimate)

80,039
(1,621)

80,385
(1,624)

8.38

8.40

13,211

!

13,175

2-1/2 years and over
(standard error of the estimate)

110,569
(1,722)

111,200
(1.755)

8.92

8.98

12,974

'

12,940

All RA/Keogh Plan deposits 3
(standard error of the estimate)

57,162

56,566
(439)

(N.A.)

(N.A.)

13,078

13,038

I

1,223
(193)

6.50

6.82

2,799

2,736

!

Retail repurchase agreements &
(standard error of the estimate)
Liability Categories

|

1,479
(300)

67,555

I
7.83

|

I

!

State-Chartered Mutual Savings Banks
Amount Outstanding ($mll)|
Average Rate Paid (X)
Number of Issuing Banks !
July 31
August 28 I July 31
August 28
! August 28~j
July 31
1,153
(3)

1,163
(3)

6.46

6.38

210

210

Money market deposit accounts 3 *
(standard error of the estimate)

29,653
(87)

29,859
(89)

7.03

7.00

342

342

203
(27)

207
(30)

6.70

6.65

116

116

32 to 91 days
(standard error of the estimate)

1,001
(65)

1,015
(64)

7.14

7.13

271

271

92 to 182 days
(standard error of the estimate)

22,606
(58)

22,091
(45)

7.68

7.69

350

332

183 days to 1 year
(standard error of the estimate)

12,289
(285)

12,387
(331)

8.13

8.23

328

328

over 1 year to 2-1/2 years
(standard error of the estimate)

11,541
(266)

11,580
(245)

8.66

8.70

335

335

2-1/2 years and over
(standard error of the estimate)

18,711

18,853
(103)

9.31

9.42

347

347

9,924
(223)

(N.A.)

(N.A.)

347

347

29

29

(161) j

All IRA and Keogh Plan deposits 5
(standard error of the estimate)

9,888
(222)

Retail repurchase agreements"
(standard error of the estimate)

(58)

j

71
(43)

I
6.81

6.72

N.A. - Data not available.
1. Estimates are based on data collected by the Federal Reserve from a stratified random sample of about 550 banks
and 75 mutual savings banks.
2. "Super NOW" accounts are NOW accounts containing an agreement between depositor and depository such that,
provided certain conditions—including a $1,000 minimum balance—are met, some or a l l funds deposited are eligible
to earn more than 5.25 percent.
3. Money market deposit accounts (MMDAs)—Deposit* with a $1,000 i n i t i a l and average balance requirement, no
required minimum maturity but institutions must reserve the right to require at least seven day's notice prior to
withdrawal, no restrictions on depositor e l i g i b i l i t y , or limitations on the amount of Interest that may be paid
unless the average balance falls below $1,000 during which period the NOW account rate ceiling applies; such
accounts may allow up to six transfers per month, no more than three of which may be draft and may permit unlimited
withdrawals by mail, messenger, or in person. Estimates for this category of deposits are based on data collected
by the Federal Reserve from weekly deposit reports submitted by about 10,500 commercial banks.
4. All interest-bearing time certificates and open account time deposits with balances of less than $100,000,
including those held in IRAs and Keogh Plan deposits.
5. All IRA/Keogh Plan time deposits regardless of size, type of instrument in which held, or interest rate paid.
6. Retail repurchase agreements are in denominations of less than $100,000 with maturities of less than 90 days
that arise from the transfer of direct obligations of, or obligations fully-guaranteed as to principal and interest
by, the U.S. Government or an agency thereof.
*'ln January, 1985 the minimum balance required in Super NOW and MMDA accounts was lowered from $2,500 to $1,000.




j

!

"Super NOW" accounts 2 *
(standard error of the estimate)

Interest-bearing time deposits with
balances of less than $100,000
with original maturities of: 4
7 to 31 days
(standard error of the estimate)

|

i