Full text of H.6 Money Stock Measures : September 27, 1984

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

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

For Release at 4:30 Eastern Time

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

SEPTEMEER

27,

1984

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), MMOAs,
and savings and small
time deposits2

M3
M2 plus
large time deposits,
term RPs, term Eurodollars
and institution-only
MMMF balances3

L

Debt

M3 plus other
liquid assets4

Oebt of domestic
nonfinancial sectors5

Seasonally adjusted

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—JAM.
FEB.
HAR.
APR.
MAY
JUNE
JULY
AUG.

530.0
532.9
535.1
535.3
541.0
546.2
545.6
546.4

2206.7
2222.5
2229.9
2242.7
2258.4
2272.0
2281.1
2289.5

2721.3
2744.5
2765.2
2789.7
2815.7
2836.9
2856.8
2867.8

3197.0
3227.1
3268.7
3295.1
3326.9
3367.6

5282.4
b340.4
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
263K3
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—JAM.
FEB.
BAR.
APR.
HAT
JUNE
JULY
AUG.

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
2286.2
2286.9

2727.2
2737.2
2766.5
2798.3
2811.0
2835.6
2855.7
2865.9

3208.6
3228.6
3275.1
3306.6
3322.8
3363.6

5z75.5
5321.3
5370.9
5426.5
5487.4
5544.3
5605.7

13-week average

Seasonally adjusted
4-week average

1983—AUG
SEPT.
OCT.
NOV.
DEC*

517.4

Not seasonally adjusted

M1
For period ended

1984-AUG.

SEPT.

NOTE:

week average

13-week average

Not seasonally adjusted
4-week average

week average

6
13
20
21

545.0
545.3
545.6
546.0

545.2
545.1
545.9
547.0

547.3
546.2
547.8
54 6.7

543.2
543.9
544.5
545.1

544.3

542.9
543.5
543.2

548.8
547.6
543.6
532.6

3
10 P
17 P

545.9
546.3
546.6

546.4
548.1
548.6

544.9
553.0
549.6

544.8
545.2
545.5

541.6
544.0
540.1

542.4
557.5
551.9

SPECIAL CAUTION SHOULD * Z TAKEN IN INTERPRETING WEEK-TO-tfEEK CHANGES IN HONEY SUPPLY DATA, WHICH ARE
HIGHLY VOLATILE AND SUBJECT TO REVISION.
P—INDICATES PRELIBINABT DAT**
FOOTNOTES APPEAP ON THE FOLLOWING PAG?



H.6 (508)
Table 2

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

M1
3 MOUTHS FBOH HAT

M3

M2

Debt1

1984 TO AUG. 1984

4.0

5.5

7.4

12.7

6 MONTHS PROS FEB. 1984 TO AUG. 1984

5.1

6.0

9.0

13.0

12 MONTHS FBOH AUG. 1983 TO AUG. 1984

5.6

7.2

9.6

12.6

THIRTEEN SEEKS ENDING SEPT. 17, 1984
FfiOIt THIBTEEN SEEKS ENDING:

1/

JUNE

18, 1984 (13 WEEKS PREVIOUS)

5.0

BAH.

19, 1984 (26 WEEKS PREVIOUS)

5.7

SEPT. 19, 1983 (52 WEEKS PREVIOUS)

5.9

GROWTH KATES FOR DEBT ABE BASED ON PERIODS BEGINNING AND ENDING CNE MONTH EARLIER THAN FOR THE MONETARY AGGREGATES,
NAMELY, APRIL 1984 TO JULT 1984, JANOARI 1984 TO JOLT 1984, AND JULY 1983 TO JULY 1984, RESPECTIVELY.

FOOTNOTES TO TABLE 1
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF COBBEfiCIAL BABKS;
(2) TRAVELERS. CHECKS OF NONBANK ISSUERS; (3) DEHAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER 1HAN THOSE CUE TO
DOMESTIC BANKS, THE U.S. GOVEBNflENT, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEHS IN THE PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING CF NEGOIIIELB ORDER
OF WITHDRAWAL (NOW) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEHAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEMAND
DEPOSIT COHPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEHAND DEPOSITS, RESPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
2/ CONSISTS OF HI PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO \J^S* RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE, MHCAS, SAVINGS AND SMALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL R P S — I N AMOUNTS OF LESS THAN $100,000), AND EALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUNDS. EXCLUDES IBA AND KECGH
BALANCES AT DEPOSITORY INSTITUTIONS AND HONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. CCHNERCIAL
BANKS, MONET BARKST FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAOLT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.
3/ CONSISTS OF 82 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OB MORE) AND TERM RP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BBANCHES OF U.S. B1NKS
WORLDWIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AKD BALANCES IN BOTH TAXABLE ADC TAX-EXEMPT
INSTITUTION-OILY HONEY 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 AHOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS.
OF H3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL
V CONSISTS
PAPER AND BANKERS ACCEPTANCES, NET OF MONEY MARKET MUTUAL FUND HOLDINGS CF THESE ASSETS.
5/ DEBT OF DOHBSTIC NONFINAHCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS CF CORPORATE BONDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPEfi, BANKERS ACCEPTANCES ADD C1HER DEET
INSTRUMENTS. THE DATA ARE DERIVED FROM THE FEDERAL RESERVE BOAED'S FLOW CF FUNDS ACCOUNTS. ALL DATA CN DEBT OF DOMESTIC
HONFXNANCIAL SECTORS ARE PRESENTED IN MCHTH-AVERAGE FORM, DERIVED BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT HAY ARISE IN THE UNDERLYING F1OW OF FUNDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FROM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED IN
iH THE FEDERAL RESERVE RELEASES Z.7 AND Z.I. IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET CEET AfiE MEASURED ON A
A QOARTER-EHD BASIS AND INCLUDE DISCONTINUITIES.
1/




H,6 (508)
Table 3

COMPONENTS OF THE MONEY STOCK
Billions of dollars, seasonally adjusted
Nontransactions
components
inM3
only*
in M2»

Savings deposits7
at
at
thrift
total
commercial
institutions
banks

Selected nontransactions items
Small time deposits'
at
at
total
thrift
commercial
institutions
banks

Large time deposits9
at
at
total
thrift
commercial
banks10 institutions

Travelers
checks3

Demand
deposits3

Other
checkable
deposits4

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

84.5
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
353. 1

428.2
4 35.5
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-JAM.
FEB.
HAfi.

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

514.6
522.0
535.3

132. 1
130.1
128.9

177.7
176.5
176.6

309.9
306.6
305.5

352.9
352.8
353.5

444. 1
448.1
449.9

797.0
800.9
803.4

227.2
228.3
232.8

106.3
112.0
115.5

333.4
340.3
348.3

APE.
HAY
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

547.0
557.3
565.0

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
139.7

1735.5
1743.1

575.7
578.3

127.4
126.3

176.0
174.2

303.3
300.5

371.8
377.8

473.2
483.7

845.0
86L5

255.0
255.6

134.0
136.3

389.1
391.9

Date

1983-AUG.
SEPT.

Currency1

WEEK ENDING

1984
AUG.

6
13
20
27

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.J
256.5

3
10 P
17 P

156.5
156.2
156.3

243.1
248.6
246.9

140. 1
143.1
141.2

125.9
126.3
126.0

380.3
381.0
381.4

255.0
255.3
258.7

SEPT.

V
2/
3/

4/

5/
6/
7/
8/
V
10/

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AflOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AKD FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT.
EXCLUDES THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
CONSISTS OF NOW AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFFERENCE BETWEEN THE
SEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDES ARE ALL CEILING
FREE MSUPER NOVS," AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEREGULATICN COMMITTEE TO EE OFFERED BEGINNING JANUARY 5,
1983.
SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER),
HMDAS, AND SAVINGS AND SMALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT CF
DEMAND DEPOSITS AND VAULT CASH HELL BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND TERM EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTIONONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVEiiNIGHT RPS AND EURODOLLARS HELD EY
INSTITUTION-ONLY MONEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE MMDAS.
SHALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $ 100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (I&A) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SMALL
TIME DEPOSITS. •
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,00C OR MCRE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LBSS THOSE HELD BY MONEY 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
Non-M3 components of L
Date

3/
4/

bankers acceptances 2

commercial paper 3

Debt components 4
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

OCT.
NOV.
DEC.

70.7
70.8
71.0

218.5
217.2
223.3

42.8
43.0
43.4

125.7
126.9
132.4

1151.3
1163.6
1173. 1

3973.6
4007.8
4052.2

1984-JAN.
FEB.
BAR.

71.2
71.7
72.2

226.6
231.8
245.8

42.8
41.7
42.6

135.0
137.4
143.0

1192.2
1216.2
1224.9

4090.2
4124.2
4169.5

APR.
MAY
JDNE

72.5
72.8
73.0

241.8
240.0
252.1

43.3
45.4
47.1

147.7
152.9
158.5

1236.5
1252.5
1260.2

4215.9
4261.5
4306.3

JULY P

2/

short-term treasury
securities 1

70.1
70.3
70.5

1983-JULY
AUG.
SEPT.

1/

savings bonds

4349.2

CONSISTS OF U.S. TBEASUBY BILLS AMD COUPONS WITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BY CTHEB THAN DEPOSITOBY
INSTITUTIONS, FEDEfiAL RESERVE BANKS, MONEY MARKET MUTUAL FUNDS AND FOREIGN ENTITIES.
NET OF CANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDEfiAL RESERVE BANKS, FOBEIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMEBCIAL PAPEB LESS CCNMEBCIAL PAPEB HELD BY MONEY MARKET MUTUAL FUNDS.
DEriT DATA ABE 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 5

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

Other checkable deposits
Date

Currency1

Travelers
checks2

Demand
deposits3

at commercial
banks4

at thrift
institutions6

total

in M2*

in M3 only7

Overnight
RPs«

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
42.6

10.4
1C.7

139.1
137.9

OCT.
NOV.
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
44.8

11.7
10.3
11.4

137.5
138.8
138.^

1984-JAN.
FEE.
MAB.

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
1690.5
1702.7

516.7
524.8
535.6

47. 1
48. 1
47.0

11.a
11.4
11.3

137.3
142. 1
144.8

APR.
MAY
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

543.8
557.6
561.9

46.4
47.0
43.9

11.1
12. 1
12-.6

Ub.b
I4d.y

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

1738.9
1744.5

569.5
579.0

43.2
45, 1

U. 1
12.3

150.5
150.6

1983-AUG.
SEPT.

•'44. 9

145.9

WEEK E N D I N G :

1984-AUG.

SEPT.

6
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

4 3.6
45.1
44.9
46.6

11.2
12.1
1J.4
14.3

151.6
150.2
149.8
150.6

3
10 P
17 P

156.7
157.7
156.4

242. 1
251.4
249.4

100.6
104.0
102.6

37.3
38.9
38. 1

138.0
142.9
140.6

45.2
43.9
43.8

13-0
10.9
11.7

150.8
150.9
152.3

i
V
2/
3/

5/
6/
7/
8/
9/

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND THE VAULTS CF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS CF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.fc- FLOAT, LESS THE ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR CCD LIABILITIES.
CONSISTS OF NOH AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPEP NOWS OF $32.0 BILLION IN THE WEEK ENDED SEPTEMBER 3, $32.8 BILLION IN THE WEEK ENDED SEPTEMBER
10, AND $32.7 BILLION IN IHE WEEK ENDED SEPTEMBER 17.
CONSISTS OF NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHAKE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOWS OF $11.9 BILLION IN THE WEEK E«D£D SEPTEMBER 3, 12.J
BILLIOK IN THE WEEK ENDED SEPTEMBER 10, AND $12.1 BILLION IN THE WEEK ENDED SEPTEMBER 17.
SUM OF OVERNIGHT RPS AND EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BACKER/DEALER), HMDAS AND SAVINGS
AND SMALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TC SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD EY INSTITUTION-ONLY
MONEY MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT EPS ISSUED BY COMMERCIAL EANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
HONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
ISSUED BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BFOKER/DEALER).




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
thrift
total
commercial
banks
institutions

at
commercial
banks

Savings deposits1
at
thrift
institutions

total

Small denomination time deposits2
at
at
total
thrift
commercial
institutions
banks

Large denomination time deposits3
at
at
total
commercial
thrift
4
institutions
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

223.8
224.2

84. 7
90. 5

308.5
314.8

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
351.0

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.
NAB.

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.
HAY
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

JULI
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*

WEEK ENDING
1984
AUG.

SEPT.

1/
2/
3/
4/

6
13
20
27

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

3
10 P
17 P

243. 1
244.6
244.6

125.2
125.4
124.8

379.5
380.3
380.8

256.7
256.5
259.2

SAVINGS DEPOSITS EXCLUDE HHDAS.
SHALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL EPS — ARE THOSE ISSUED IN AMOUNTS OF 1ESS THAN 5100,000. ALL
INDIVIDUAL BETIfiEHENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FHOfl SHALL
TINE DEPOSITS.
LARGE DENOMINATION TIflE DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR SORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LABGE DENOMINATION TINE DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY MONEY 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
MII m

Date

Institution
only money
market funds

at commercial
banks

RPs

at thrift
institutions

total

Term
Eurodollars2

Savings
bonds

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

Components of Debt
Commercial
paper*

Federal debt6

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

217.9
216.7

43.1

123.4
123.5

1116. 1
1134.0

3 901.6

43.8

OCT.
NOV.
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

114 7.6
1158.0
1170.2

3967.0
400K4
4049.0

1934-JAN.
FEE.
MAR.

40.6
41.6
41.8

34.2
35.7
35.4

19.1
18.8
20.6

53.3
54.5
55.9

90.7
90.9
94.1

71.6
71.8
72.1

230.2
239.6
253.1

43.6
42.3
42.2

135.8
137.7
141.2

H89.8
1210.7
1223.6

4085.7
4110.c
4147.3

APB.
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

93.6
93.8
88.6

72.3
72.6
72.8

246.2
240.8
249.0

42.6
44.9
46.4

147. 1
153.6
159,6

12J5. 9
1248.7
1255.8

4190.6
4238.7
4288.6

JULY
AUG.

42.6
42.7

31.4
34.3

28.3
29.2

59.7
63.4

87.1
85.1

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

35.0
33.3
34.4

1983-AUG.
SEPT.

WEEK

ENDING:

1984-AUG.

6
13
20
27

SEPT. 3
10 P
17 P

V

2/
3/

V
5/
6/

3932.8

TEfiM RPS ABE THOSE 8ITH ORIGINAL MATURITIES GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS.
TERM EURODOLLARS ARE THOSE KITH ORIGINAL MATURITIES GREATER THAN ONE DAY. CONSISTS OF THOSE ISSUED TO U.S. fiESIDENlS 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 MONEY MARKET KUT0AL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BY CTHER THAN DEFOSITOtfY
INSTITUTIONS, FEDERAL RESERVE BANKS, HONEY MARKET MUTUAL FUNDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BAUKS, 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-MONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE 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

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

2.4
3.2

3.5
7.4

14.0

19.9

7.3

14.9

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-JAN.
FEB.
MAR.

8.3
8.5
8. 1

1.8
1.9
1.9

7.0
6.8
6.9

3.1
3.1
3.0

4.7
4.5
4.0

APR.
HAY
JUNE

8.0
8.2
8.1

1.7
1.9
1.8

7.2

3.8
2.7
3.9

JULY
AUG.

8.2
8.0

1.8
1.8

7.3

2.8
2.9

4.0
3.6

9.0

6
13
20
27

8.2
8.0
8.3
7.6

1

1.6
1.7
1.8
: >.O

7.5

4.2
2.3
2.9
2.3

3.9

7.6
7.5

3
10 P
17 P

8.1
8.3
8.0

1.8
.9
• 9

7.5
7.6
7.6

2.3
3.2
4.8

4. 1

Date

1983-AUG.
SEPT,

7.4

7.5
7.5

IRA and Keogh Accounts

U.S. government deposits
time
and savings
deposits at
commercial
banks

thrift
institutions

0.8
0.6

28.0
28.5

36.7
37.6

5. 1
5.0

69.b
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

12.7

4.2
3.8

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

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

9.4
5.7
6.5
8.5

17.6
11. 1
12.8
14.4

0.8
0.8
0.8
0.8

7.5

14.0
14.6
20.9

0.8
0.8
0.8

WEEK E N D I N G :
1984
AUG.

SEPT.

estinated




7.3

money
market
mutual funds

commercial
banks

3. 1
3.3
3.6

3.9
5.6

7.4
10.5

total

SPECIAL SUPPLEMENTARY TABLE
Monthly Survey o f S e l e c t e d D e p o s i t s and Other Accounts
At A l l I n s u r e d Commercial Banks and A l l Mutual S a v i n g s Banks 1
J u l y 2 5 , 1984 and August 2 9 , 1984

(not seasonally adjusted)
Liability Categories
"Super NOW" accounts2
(standard error of the estimate)
Money market deposit accounts^
Interest-bearing time deposits with
balances of less than $100,000
with original maturities of:*
7 to 31 days
(standard error of the estimate)

Insured Commercial Banks
Anount Outstanding ($mil)
Average Rate Paid (XT
r
July 25
August 29
July 25r
August 29
31,156
(707)
243,645

31,518
(717)

242,438

Number of Issuing Banks
July 25r
August 29

7.59

7.65

12,047

12,071

9.24

9.32

12,880

12,753

4,984
(422)

4,773
(410)

9.32

9.47

8,191

7,863

32 to 91 days
(standard error of the estimate)

16,820
(710)

17,141
(732)

9.74

9.87

13,188

13,221

92 to 182 days
(standard error of the estimate)

167,717
(2,433)

168,853
(2,496)

10.90

10.94

13,857

13,892

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

48,830
(1,409)

52,908
(1.408)

11.20

11.22

12,883

12,872

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

62,659
(1,397)

64,814
(1,422)

11.48

11.56

13,524

13,505

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

108,621
(1,700)

108,435
(1,668)

11.71

11.74

12,866

12,849

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

40,924
(198)

41,712
(205)

(N.A.)

(N.A.)

13,273

13,254

Retail repurchase agreements"
(standard error of the estimate)

1,157
(194)

1,228
(211)

9.22

9.40

2,853

2,930

Liability Categories

State-Chartered Mutual Savings Banks
Amount Outstanding ($mll)
Average Rate Paid (X)
Number of Issuing Banks

July 25*"

August 29

July 25*

August 29

July 25T

August 29

Super NOW" accounts2
(standard error of the estimate)

808
(3)

799
(4)

7.77

7.77

222

222

Money market deposit accounts-^
(standard error of the estimate)

26,451
(99)

25,587
(105)

9.54

9.68

359

358

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

251
(37)

217
(30)

9.38

9.48

117

116

32 to 91 days
(standard error of the estimate)

824
(79)

798
(78)

9.44

9.75

269

269

92 to 182 days
(standard error of the estimate)

26,076
(404)

26,944
(157)

11.41

11.68

353

352

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

7,947
(214)

8,712
(171)

11.70

11.89

310

309

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

10,002
(255)

9,965
(392)

11.84

11.91

342

341

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

20,723
(51)

21,006
(178)

12.13

12.23

342

341

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

8,138
(187)

8,203
(186)

(N .A.)

(N.A.)

361

360

Retail repurchase agreements6
(standard error of the estimate)

117
(60)

113
(61)

9.79

10.04

64

r—revised
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. Until the end of September 1983 data were collected concerning specific indexedceiling and ceiling-free deposit accounts. Effective October 1, 1983, the DIDC deregulated time deposits, and
this survey now provides information on all small interest-bearing time deposits by maturity category. The data
presented for the end of October are not directly comparable to specific account data published previously, but
Include those balances.
2. "Super NOW" accounts are NOW accounts containing an agreement between depositor and depository such that,
provided certain conditions—including a $2,500 minimum balance—are met, some or all funds deposited are eligible
to earn more than 5.25 percent.
3. Money market deposit accounts (MMDAs)—Deposits with a $2,500 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 $2,500 during which period the NOW account rate ceiling applies; such
..counts may allow up to six transfers per month, no more than three of which may be draft and may permit unlimited
J\ thdrawals by mail, messenger, or in person. Estimates for this category of deposits are based on data collected
bv tihe 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.
h. Retail repurchase agreements are in denominations of less than $100,000 with maturities of less than 90 days
that arise from the r» ?nsfer of direct obligations of, or obligations f ully-g'-ja ran teed as to prlncip.,- ;?nd interest
bv, the U.S. Gcvernroe.it or an agency thereof.