View original document

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

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES6

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

Billions of dollars
Date

SEPTEMBER28,1995

M11

M22

M33

L4

DEBT5

Seasonally adjusted
1993-SEP.
OCT.
NOV.
DEC.

1104.7
1113.5
1122.4
1128.6

3559.1
3564.4
3576.7
3583.6

4214.1
4222.6
4234.2
4242.3

5108.5
5116.0
5128.5
5145.8

12184.5
12220.2
12276.1
12341.5

1994-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1132.5
1137.0
1141.1
1142.8
1143.5
1147.0
1152.2
1150.8
1151.0
1148.2
1147.6
1148.0

3589.1
3586.2
3597.5
3605.4
3608.4
3605.2
3616.7
3614.9
3614.0
3609.9
3611.3
3616.2

4245.7
4231.8
4240.4
4250.5
4251.2
4256.2
4274.2
4273.8
4279.9
4286.2
4291.5
4303.4

5157.6
5160.5
5171.7
5180.5
5195.8
5192.0
5217.1
5226.5
5224.7
5237.4
5248.2
5269.3

12384.3
12434. 7
12499.9
12557.6
12613.4
12652.6
12679.5
12744.8
12804.0
12850.8
12917.8
12959.6

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

1149.0
1147.3
1147.9
1149.7
1142.9
1143.8
1144.9
1143.5

3627.9
3623.5
3631.0
3643.7
3659.9
3695.7
3714.3
3739.4

4326.1
4335.7
4358.7
4381.1
4410.2
4456.8
4487.6
4517.2

5295.2
5336.1
5380.3
5411.0
5445.3
5488.7
5544.3 p

13014.7
13094.7
13155.9
13228.1
13319.2
13374.8
13408.5 p

Not seasonally adjusted
1993-SEP.
OCT.
NOV.
DEC.

1099.3
1112.1
1129.5
1153.7

3548.4
3561.3
3584.2
3606.1

4201.8
4217.1
4246.5
4266.1

5090.7
5107.3
5147.9
5180.3

12143.7
12181.7
12249.0
12333.7

1994-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

1142.3
1124.2
1131.4
1152.7
1132.5
1142.3
1150.9
1144.0
1146.2
1147.4
1155.4
1173.7

3595.6
3573.3
3596.2
3622.6
3595.6
3600.4
3615.5
3607.4
3603.5
3606.9
3619.6
3639.7

4254.7
4221.6
4238.0
4264.0
4240.2
4249.8
4267.9
4267.3
4267.5
4281.3
4305.8
4329.4

5179.1
5153.3
5172.1
5192.4
5175.5
5180.4
5204.6
5215.2
5205.3
5228.4
5270.3
5306.8

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

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

1158.6
1134.3
1138.1
1158.7
1132.0
1139.2
1143.9
1137.1

3634.4
3609.8
3629.0
3660.1
3647.6
3691.2
3713.8
3732.4

4335.7
4324.4
4354.5
4392.9
4399.9
4450.5
4480.9
4510.9

5317.9
5328.0
5379.5
5421.1
5424.7
5477.0
5530.6 p

12989.5
13042.0
13108.1
13159.9
13226.8
13309.0
13353.7 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

1995 t o AUG. 1995

0.2

8.7

9.7

5.5

6 Months f r o m FEB. 1995 TO AUG. 1995

-0.7

6.4

8.4

6.1

12 M o n t h s f r o m AUG. 1994 TO AUG. 1995

-0.6

3.4

5.7

5.7

-0.9

7.7

9.0

o
1

5.7

7.9

3.2

5.4

3 Months f r o m MAY

T h i r t e e n w e e k s e n d i n g SEPTEMBER 1 8 , 1995
f r o m t h i r t e e n weeks e n d i n g :
JUNE 1 9 , 1995 (13 w e e k s p r e v i o u s )
MAR. 2 0 ,

1995 (26 w e e k s p r e v i o u s )

SEP. 1 9 , 1994 (52 w e e k s p r e v i o u s )

1.

CO

M1

-0.7

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, April 1995 to July 1995, January 1995 to July 1995,
and July 1994 to July 1995, 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 Keogh balances at depository institutions and money market funds. 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 a s a whole and then adding this result to seasonally adjusted M1.
Consists of M2 plus large-denomination time deposits (in amounts of $100,000 or more) and term RP liabilities issued by all depository institutions, term Eurodollars held
by 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 a s 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
mutual fund holdings of t h e s e a s s e t s .
Debt: The debt aggregate is the outstanding credit market debt of the domestic nonfinancial sectors — the federal sector (U.S. government, not including governmentsponsored enterprises or federally related mortgage pools) and the nonfederal sectors (state and local governments, households and nonprofit organizations, nonfinancial
corporate and nonfarm noncorporate businesses, and farms). Nonfederal debt consists of mortgages, tax-exempt and corporate bonds, consumer credit, bank loans,
commercial paper, and other loans. The data, which are derived from the Federal Reserve Board's flow of funds accounts, are break-adjusted (that is, discontinuities in
the data have been smoothed into the series) and month-averaged (that is, the data have been derived by averaging adjacent month-end levels). The presentation of the
debt data in this release differ, 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 contain discontinuities.




Page 3
H.6 (508)
Tables

MONEY STOCK MEASURES

Billions of dollars
Seasonally adjusted

1995-JUNE 26

M3

M2

M1
Period ending

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

1145.6

1144.4

1144.7

3663.4

3693.9

3702.8

4411.5

4453.5

4462.8

JULY

3
10
17
24
31

1145.4
1145.0
1144.3
1143.7
1143.7

1144.1
1144.1
1143.2
1142.6
1144.3

1142.9
1144.0
1141.0
1142.4
1149.6

3668.7
3673.9
3679.4
3684.8
3690.2

3699.1
3703.3
3705.4
3709.3
3714.4

3702.8
3707.9
3708.2
3718.2
3723.1

4420.0
4427.6
4435.3
4443.4
4452.0

4461.7
4466.0
4470.7
4478.8
4488.6

4468.5
4469.6
4481.9
4495.3
4507.6

AUG.

7
14
21
28

1143.8
1143.8
1144.0
1144.1

1144.4
1144.9
1145.6
1144.1

1144.6
1143.0
1145.3
1143.6

3696.5
3702.7
3709.1
3714.8

3720.4
3727.0
3733.7
3739.3

3732.2
3734.6
3744.7
3745.8

4460.8
4469.0
4477.0
4484.9

4499.9
4506.8
4512.3
4516.8

4514.6
4509.5
4517.5
4525.6

SEP.

4
IIP
18p

1144.0
1143.9
1143.5

1143.5
1143.4
1142.1

1142.2
1142.4
1140.0

3720.1
3724.5
3728.7

3743.7
3747.4
3749.8

3749.6
3749.6
3754.2

4492.2
4498.1
4503.5

4520.7
4525.6
4529.5

4530.2
4529.0
4533.1

Not seasonally adjusted
1995-JUNE 26

1143.2

1139.7

1118.5

3663.9

3690.4

3669.1

4410.7

4449.8

4423.9

JULY

3
10
17
24
31

1143.2
1142.7
1140.5
1138.7
1138.3

1138.1
1141.9
1143.3
1145.4
1142.1

1145.2
1164.0
1145.6
1126.6
1132.1

3667.9
3671.8
3675.1
3679.2
3684.5

3691.8
3698.7
3704.5
3712.3
3713.2

3699.4
3733.3
3716.3
3700.0
3703.3

4417.6
4423.7
4429.0
4435.8
4444.3

4450.9
4454.5
4461.5
4474.0
4481.9

4453.5
4484.8
4483.7
4473.9
4485.2

AUG.

7
14
21
28

1138.9
1139.4
1140.2
1140.3

1139.3
1138.9
1141.2
1137.9

1152.8
1143.9
1136.0
1119.0

3691.7
3698.5
3705.6
3711.2

3714.9
3720.3
3729.3
3732.8

3740.1
3737.6
3736.3
3717.3

4454.0
4462.9
4471.4
4478.8

4491.0
4498.5
4507.3
4511.2

4521.1
4513.6
4509.3
4500.7

SEP.

4
HP
18p

1139.7
1140.3
1140.3

1135.6
1138.7
1139.8

1143.4
1156.4
1140.2

3715.3
3719.9
3724.1

3734.6
3741.8
3744.4

3747.3
3766.1
3747.0

4484.8
4490.7
4496.2

4512.6
4521.0
4525.4

4526.9
4547.0
4526.8

Note: Special caution should b e t a k e n in interpreting week-to-week c h a n g e s in m o n e y supply d a t a , which a r e highly volatile and s u b j e c t to revision,
p

preliminary d a t a .




Page 4

H.6 (508)
Table 4

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Currency1

Date

Travelers checks 2 Demand deposits3

Nontransactions components

Other checkable deposits

1994-APR.
MAY
JUNE

334.5
337.3
340.0

8.1
8.1
8.2

388.1
385.6
386.3

At commercial
banks4
299.1
300.5
301.0

JULY
AUG.
SEP.

342.8
345.1
347.2

8.3
8.3
8.4

388.1
386.6
386.5

301.7
301.0
300.0

111.4
109.7
108.9

413.1
410.8
408.9

2464.5
2464.0
2463.0

657.5
658.9
665.9

OCT.
NOV.
DEC.

350.0
353.0
354.5

8.3
8.4
8.4

384.5
382.5
382.2

298.0
297.7
297.6

107.5
106.1
105.3

405.4
403.8
402.9

2461.7
2463.7
2468.2

676.3
680.1
687.2

1995-JAN.
FEB.
MAR.

357.7
358.8
362.5

8.4
8.4
8.8

383.6
384.1
383.3

295.1
291.8
289.3

104.2
104.1
104.0

399.3
395.9
393.3

2478.9
2476.2
2483.0

698.2
712.2
727.7

APR.
MY
A
JUNE

365.7
368.1
367.4

9.2
9.2
9.0

381.2
380.6
386.8

289.6
281.9
276.3

103.9
103.1
104.3

393.6
385.0
380.6

2494.1
2517.0
2551.9

737.4
750.2
761.1

JULY
AUG.

367.1
368.2

8.9
8.9

389.5
390.1

275.7
272.2

103.7
104.1

379.4
376.3

2569.4
2595.9

773.3
777.8

367.1
367.9

8.9
8.8

387.9
394.1

275.6
275.1

102.9
103.6

378.5
378.7

2575.8
2573.5

777.1
784.5

Week ending
1995-JULY 24
31

At thrift
institutions5
112.9
112.0
111.5

Total

In M2*

In M3 only7

412.0
412.4
412.5

2462.6
2465.0
2458.2

645.2
642.7
651.0

AUG.

4.
5.
6.
7.

367.8
368.2
368.4
369.1

8.8
8.8
8.9
8.9

388.6
389.0
391.8
390.8

275.5
273.4
272.1
270.0

103.9
103.5
104.2
104.8

379.4
377.0
376.3
374.8

2587.6
2591.6
2599.4
2602.2

782.4
774.8
772.8
779.8

SEP.

1.
2.
3.

7
14
21
28
4
lip
18p

368.4
368.4
368.8

8.9
8.9
8.8

387.9
389.9
389.5

270.5
270.1
268.2

106.6
105.2
104.6

377.0
375.3
372.8

2607.4
2607.2
2614.2

780.6
779.4
778.9

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 d e m a n d 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. This sum is seasonally adjusted a s a whole.
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 R P s and
Eurodollars held by institution-only money market mutual funds. This sum is seasonally adjusted a s a whole.


e
estimated


p

preliminary

Page 5
H.6(508)
Table 4-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Small-denomination time deposits 2

Savings deposits 1
Date

General
purpose and
Institutionbroker/
only money
dealer
market funds
money
market funds
370.5
183.1
373.5
177.5
370.7
177.9

Large-denomination time deposits 3
At
commercial
banks 4
268.0
272.0
274.0

At
thrift
institutions
61.8
60.4
61.0

1220.0
1214.8
1206.8

At
commercial
banks
462.3
464.6
467.4

At
thrift
institutions
307.8
306.2
305.5

423.2
417.0
410.9

1201.2
1192.6
1183.7

470.0
476.1
481.2

306.6
306.8
308.3

776.5
782.8
789.6

376.1
377.0
377.4

178.7
177.4
176.3

276.4
280.1
285.1

62.0
61.9
63.1

338.4
342.0
348.2

765.4
759.2
752.3

405.6
398.5
391.9

1171.0
1157.8
1144.2

487.8
494.1
502.6

311.8
316.2
317.7

799.6
810.4
820.3

379.5
383.3
389.0

180.8
180.5
180.8

289.4
292.9
296.6

64.2
64.5
64.9

353.6
357.4
361.4

1995-JAN.
FEB.
MAR.

744.1
734.2
723.3

385.6
377.6
371.6

1129.8
1111.9
1094.9

512.7
524.2
537.8

323.0
331.2
340.4

835.7
855.4
878.2

392.1
391.5
390.9

186.3
180.4
189.0

295.2
303.1
308.5

66.7
68.1
70.1

361.9
371.2
378.6

APR.
MAY
JUNE

716.0
717.2
728.1

366.4
364.2
363.0

1082.4
1081.4
1091.1

548.1
556.2
562.4

348.7
354.5
355.1

896.8
910.7
917.5

396.0
405.3
425.9

192.9
194.8
205.6

309.0
315.1
318.5

71.2
70.4
70.8

380.2
385.5
389.3

JULY
AUG.

730.7
739.5

360.7
358.7

1091.5
1098.2

566.7
568.8

355.0
355.2

921.7
924.0

441.5
455.1

212.4
210.8

323.6
326.2

72.6
73.2

396.2
399.4

731.6
731.7

360.6
359.9

1092.2
1091.5

567.2
567.5

355.3
355.5

922.4
923.0

445.1
446.4

213.1
213.2

326.2
328.2

72.7
73.0

399.0
401.2

7
14
21
28

737.1
739.3
740.6
741.6

359.2
358.9
359.2
358.5

1096.3
1098.2
1099.8
1100.1

568.5
568
569
569,

354.9
354.9
355.3
355.5

923.4
923.6
924.3
924.6

451.1
453.6
455.8
457.3

213.0
209.9
210.2
209.3

329.5
322.3
326.2
326.5

73.3
73.2
73.1
73.0

402.9
395.5
399.3
399.5

4

741.6
744.2
747.4

357.8
357.4
358.7

1099.4
1101.6
1106.1

568.8
568.8
568.8

355.8
356.2
356.3

924.6
924.9
925.2

461.6
461.2
461.4

213.1
213.3
213.9

327.0
327.6
328.0

73.4
73.3
73.6

400.4
400.9
401.6

At
commercial
banks
788.9
784.6
780.0

At
thrift
institutions
431.1
430.2
426.8

JULY
AUG.
SEP.

778.0
775.7
772.8

OCT.
NOV.
DEC.

1994-APR.
MAY
JUNE

1995-JULY 24
31
AUG.

SEP.

HP

18p
1.
2.
3.
4.

S a v i n g s deposits include
Small-denomination time
and thrifts a r e subtracted
Large-denomination time
Large-denomination time
official institutions.

p
preliminary



Total

Total
770.2
770.8
772.9

Total
329.8
332.4
335.0

m o n e y market deposit a c c o u n t s .
deposits—including retail R P s — a r e t h o s e issued in a m o u n t s of less than $100,000. All IRA and Keogh a c c o u n t b a l a n c e s at commercial b a n k s
from small time deposits.
d e p o s i t s a r e t h o s e issued in a m o u n t s of $ 1 0 0 , 0 0 0 or more, excluding t h o s e b o o k e d at international banking facilities.
d e p o s i t s at commercial b a n k s less t h o s e held by money market mutual f u n d s , depository institutions, U.S. g o v e r n m e n t , a n d foreign b a n k s a n d

Page 6

H.6 (508)
Table 4 - continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Debt components4

Non-M3 Components of L

Date
1994-APR.
MAY
JUNE

174.8
175.7
176.7

Short-term Treasury
securities1
354.8
361.1
357.2

JULY
AUG.
SEP.

177.7
178.5
179.1

360.8
365.0
360.6

13.2
13.8
14.8

391.1
395.4
390.2

3419.3
3436.6
3453.8

9260.3
9308.2
9350.1

OCT.
NOV.
DEC.

179.5
179.9
180.3

358.6
361.9
370.3

13.1
13.5
14.0

399.9
401.4
401.3

3469.3
3493.9
3497.4

9381.5
9423.9
9462.2

1995-JAN.
FEB.
MAR.

180.5
180.4
180.5

372.3
392.0
405.3

13.4
13.3
14.0

402.8
414.7
421.7

3504.7
3535.8
3557.5

9510.0
9558.9
9598.5

APR.
MAY
JUNE

180.9
181.6
182.3

404.2
397.5
410.8

13.9
12.3
11.3

430.8
443.8
427.5

3559.5
3577.0
3602.0

9668.6
9742.2
9772.9

183.0

433.7

11.8

428.0

3614.4

9794.2

Savings bonds

JULY

p

Bankers acceptances 2

Commercial paper3

15.9
15.6
14.9

384.5
392.2
387.0

3390.6
3402.5
3416.3

9167.0
9210.9
9236.3

Federal debt

Non-Federal debt

2.
3.
4.

Consists of U.S. Treasury bills and coupons with remaining maturities of less than 12 months held by other than depository institutions, Federal Reserve Banks, money
market mutual funds, and foreign entities.
Net of bankers 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

1.




Page 7
H.6 (508)
Table 5

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

Currency1

Travelers
checks2

Demand
deposits3

•APR.
MAY
JUNE

334.3
337.2
340.5

7.8
7.9
8.3

JULY
AUG.
SEP.

344.7
345.7
347.0

OCT.
NOV.
DEC.

Nontransactions components

Other checkable deposits

Overnight

Overnight
Eurodollars1

389.2
377.7
382.3

At commercial
banks4
306.4
298.1
299.5

At thrift
institutions5
115.0
111.6
111.7

421.4
409.7
411.2

2470.0
2463.1
2458.1

641.3
644.6
649.5

77.6
78.4
80.6

21.3
24.1
26.2

8.8
8.9
8.8

387.3
383.1
384.7

298.4
297.2
297.4

111.6
109.0
108.3

410.0
406.2
405.6

2464.6
2463.4
2457.3

652.4
659.9
664.1

80.4
82.1
83.9

29.1
28.9
28.1

349.6
353.2
357.6

8.5
8.2
8.1

387.9
390.8
400.3

294.1
296.0
300.6

107.4
107.1
107.0

401.4
403.1
407.6

2459.6
2464.2
2466.1

674.4
686.2
689.7

83.7
83.3
84.6

30.3
30.1
32.5

-JAN.
FEB.
MAR.

355.9
357.1
361.4

8.1
8.1
8.4

388.9
375.0
374.1

301.3
292.3
291.1

104.4
101.8
103.0

405.7
394.1
394.2

2475.8
2475.4
2490.9

701.3
714.6
725.5

87.5
86.7
87.5

36.3
31.6
30.7

APR.
MAY
JUNE

365.5
367.9
368.1

8.8
8.9
9.2

382.0
372.8
382.6

296.6
279.7
274.9

105.7
102.6
104.3

402.3
382.4
379.2

2501.5
2515.5
2552.0

732.8
752.3
759.3

85.7
86.6
87.7

30.1
29.9
29.6

JULY
AUG.

369.0
368.9

9.5
9.5

388.7
386.6

272.8
268.8

103.9
103.4

376.8
372.1

2569.8
2595.3

767.1
778.5

84.9
87.0

29.4
31.4

367.9
367.2

9.5
9.5

378.5
385.6

269.3
268.3

101.4
101.5

370.7
369.8

2573.4
2571.2

773.9
781.9

84.8
82.9

29.4
30.8

1995-JULY 24
31

Total

In M2®

7

In M3 only

AUG.

7
14
21
28

371.0
370.0
368.9
367.2

9.5
9.5
9.5
9.5

389.8
389.5
387.4
378.7

275.6
271.1
267.6
263.1

106.9
103 .8
102.5
100.5

382.5
374.9
370.2
363.6

2587.3
2593.7
2600.3
2598.3

781.0
776.0
773.0
783.4

84.4
85.0
89.3
87 .8

29.2
30.8
32.4
33.0

SEP.

4
Hp
18p

369.9
370.3
368.6

9.5
9 .4 e
9.3 e

387.4
395.8
390.0

270.3
273.2
^267.7

106.3
107.7
104.6

376.6
380.9
372.2

2603.9
2609.7
2606.8

779.6
780.9
779.8

90.6
89.0
87 .'4

31.6
32.3
32.1

1.
2.
3.

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. >
,
.
.i
v
4 . C o n s i s t s of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
.»
5 . . Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
6. Sum of overnight RPs and Eurodollars, money market fund $>alanc£§ (general purppsQ ^<J,broker/dealer), savings deposits (including money market deposit accounts) and small time
deposits.
-'
.v,'- -'
• • , . . • • •1 • '
• *z. - *.*
>
7. Sum of l a r g e 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.
8. " Consists of overnight and continuing contract RPs issued by all depository institutions to other than depository institutions and money market mutual funds (general purpose and

9. FRASER
Digitized for Issued by foreign branches of U.S. banks worldwide to U.S. residents other than depository institutions and money market mutual funds (general purpose and broker/dealer).


Page 8

H.6 (508)

Table 5 -continued

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

At
commercial
banks
791.1
785.3
782.3

thrift
institutions
432.3
430.6
428.1

JULY
AUG.
SEP.

780,0
777.0
772.7

OCT.
NOV.
DEC.

Small-denomination time deposits2

General ^
purpose and
Institutionbroker/
only money
dealer
market funds
money
market funds
378.3
181.8
375.4
176.8
368.7
172.5

1223.4
1215.9
1210.4

At .
commercial
banks
461.8
463.7
467.0

. tfmfl
institutions
307.5
305.5
305.2

769.3
769.2
772.2

424.3
417.7
410.8

1204.3
1194.6
1183.6

470.5
476.6
481.8

306.9
307.1
308.7

777.5
783.7
790.5

373.4
374.2
371.3

765.5
761.4
751.1

405.7
399.7
391.2

1171.1
1161.0
1142.3

488.4
493.8
502.2

312.1
316.1
317.4

800.5
809.9
819.6

1995-JAN.
FEB.
MAR.

739.5
729.8
723.4

383.2
375.3
371.6

1122.7
1105.1
1095.0

513.1
524.4
537.6

323.3
331.3
340.3

APR.
MAY
JUNE

717.8
717.8
730.2

367.4
364.5
364.1

1085.2
1082.3
1094.3

547.5
555.1
562.0

JULY
AUG.

732.6
740.8

361.7
359.4

1094.2
1100.2

731.9
730.8

360.8
359.5

1994-APR.
MAY
JUNE

Week e n d i n g
1995-JULY 24
31

Total

Total

Large-denominationtimedeposits 3

At .

commercial
banks4
266.3
274.1
275.3

. Arift
institutions
61.4
60.9
61.3

327.7
335.0
336.6

173.8
176.2
172.6

275.4
281.4
286.2

61.8
62.2
63.3

337.1
343.6
349.6

373.9
379.9
387.1

178.1
182.5
183.1

290.0
294.4
296.3

64.3
64.8
64.8

354.3
359.1
361.1

836.4
855.7
877.9

3 92 . 8
396.3
399.8

192.4
188.8
190.8

293.8
301.6
306.4

66.4
67.8
69.7

360.2
369.4
376.1

348.3
353.8
354.8

895.8
908.9
916.8

404.8
407.8
423.6

191.3
193.8
199.2

306.9
317.6
320.0

70.7
70.9
71.1

377.6
388.5
391.1

567.5
569.4

355.4
355.5

922.9
924.9

438.4
451.8

206.6
209.3

322.2
327.7

72.3
73.5

394.5
401.2

1092.7
1090.3

567.9
568.1

355.7
355.8

923.6
923.9

442.8
443.3

209.1
210.2

325.3
328.1

72.5
72.9

397.8
401.0

Total

AUG.

3.
4.

740.3
742.4
740.9
740.0

360.7
360.4
359.4
357.8

1101.0
1102.7
1100.3
1097.8

569.3
569.4
569.5
569.4

355.4
355.4
355.6
355.7

924.7
924.8
925.0
925.0

447.9
450.4
453.3
454.6

209.9
208.8
208.9
209.7

329.5
323.5
327.6
329.4

73.3
73.5
73.4
73.6

402.8
397.0
401.0
403.1

SEP.

1.
2.

7
14
21
28
4
HP
18p

743.6
748.5
747.8

358.7
359.4
358.9

1102.4
1107.9
1106.7

569.4
569.4
569.1

356.2
356.5
356.5

925.6
925.9
925.7

453.8
454.5
454.9

208.9
210.5
210.3

328.9
330.3
329.5

73.9
73.9
73.9

402.7
404.2
403.4

S a v i n g s d e p o s i t s include money market deposit a c c o u n t s .
Small-denomination time deposits—including retail R P s — a r e t h o s e i s s u e d in a m o u n t s of l e s s than $100,000. All IRA a n d Keogh a c c o u n t b a l a n c e s at c o m m e r cial b a n k s a n d thrifts a r e subtracted from small time d e p o s i t s .
Large-denomination time d e p o s i t s a r e t h o s e i s s u e d in a m o u n t s of $ 1 0 0 , 0 0 0 or more, excluding t h o s e b o o k e d at international banking facilities.
Large-denomination time d e p o s i t s at commercial b a n k s l e s s t h o s e held by m o n e y market mutual f u n d s , depository institutions, U.S. g o v e r n m e n t , a n d foreign
b a n k s a n d official institutions.

p
Digitized for preliminary
FRASER


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

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

_ _
Term RPs1
Term
Eurodollars2

Short-term
Treasury

Bankers
acceptances 4

175.4
176.2
176.9

352.7
359.2
354.0

15.6
15.3
14.5

384.7
384.7
385.2

3376.8
3379.7
3394.5

9122.5
9161.1
9202.8

51.0
51.2
52.1

177.4
177.9
178.4

358.4
366.9
353.4

13.1
13.5
14.4

387.8
389.6
391.5

3393.9
3418.3
3438.3

9237.3
9274.2
9321.9

101.9
103.1
105.6

52.7
54.5
52.4

179.0
179.7
180.2

350.7
365.8
379.3

13.3
13.6
14.4

404.2
405.3
403.6

3448.5
3485.2
3499.0

9363.4
9404.7
9452.7

39.2
40.1
40.8

109.4
113.4
113.4

53.1
56.3
58.3

180.6
180.8
181.2

376.9
393.5
409.6

14.2
13.9
13.9

410.5
415.3
420.4

3499.0
3525.0
3551.1

9490.5
9517.0
9557.0

74.7
78.5
76.9

41.8
43.2
42.9

116.5
121.7
119.8

59.9
61.1
62.4

181.7
182.1
182.4

402.1
395.9
407.6

13.7
12.0
11.0

430.8
434.7
425.5

3544.1
3552.6
3579.3

9615.8
9674.2
9729.7

72.4
73.6

42.8
43.9

115.2
117.5

63.8
63.5

182.8 p

430.9 p

11.7 p

424.4 p

3588.8 p

9764.9 p

73.0
75.3

43.0
43.0

116.0
118.2

64.2
65.0

Date

At commercial
banks

At thrift
institutions

-APR.
HAY
JUNE

71.1
68.8
71.8

27.4
28.8
30.3

98.6
97.6
102.1

46.5
47.7
50.3

JULY
AUG.
SEP.

70.8
68.2
68.3

32.0
32.8
33.4

102.8
101.0
101.7

OCT.
NOV.
DEC.

67.2
67.5
67.8

34.8
35.6
37.7

I-JAN.
FEB.
MAR.

70.3
73.3
72.6

APR.
MAY
JUNE
JULY
AUG.

Week e n d i n g
1995-JULY 24
31

Total

AUG.

7
14
21
28

74.3
76.2
69.5
74.5

43.7
43.8
44.0
44.1

118.0
119.9
113.5
118.6

4
HP
18p

73.3
71.7
73.0

44.1
44.2
44.6

117.4
115.9
117.6

Savings bonds

Commercial
paper*

Federal debt

Non-Federal
debt

63.1
63.4
62.8
65.0

SEP.

1.
2.

Debt components6

Non-M3 Components of L

63.2
63.6
61.7

4.
5.
6.

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.
. . .
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

3.




Page 10

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
banks and
official
institutions
12.9
13.0
13.1

U.S. government deposits

IRA and Keogh Accounts
Time and

Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

7.1
4.2
5.3

5.6
5.9
5.9

20.8
24.3
18.4

33.5
34.4
29.6

depositsfat
commercial
banks
2.1
3.1
2.9

13.4
14.0
14.6

4.8
3.9
5.8

5.4
5.1
6.0

11.3
10.1
16.9

21.5
19.0
28.8

1.6
1.8
1.6

14.8
14.6
14.4

4.3
3.9
5.7

5.6
5.2
6.2

12.1
9.8
13.4

8.4
8.0
8.1

1.6
1.6
1.6

14.0
13.3
12.7

4.9
3.3
3.4

7.0
5.9
5.2

APR.
MAY
JUNE

7.7
8.1
8.1

1.6
1.5
1.6

12.3
12.3
12.3

5.5
3.1
4.5

JULY
AUG.

8.4
7.5

1.5
1.5

12.3
12.3

7.9
8.1

1.5
1.5

Date

Foreign
commercial
banks

Foreign
official
institutions

1994-APR.
MAY
JUNE

8.6
8.1
8.2

1.5
1.5
1.5

JULY
AUG.
SEP.

8.3
7.7
8.1

1.5
1.5
1.5

OCT.
NOV.
DEC.

8.0
8.4
8.7

1995-JAN.
FEB.
MAR.

Veek BB<UM
1995-JULY 24
31

Note
balances at
depository
institutions

Total
cash
balance

Total

54.8
56.4
56.8

309.6
310.9
310.6

2.7
2.9
2.5

142.6
142.6
142.7

110.7
109.7
108.7

55.9
56.1
56.8

309.2
308.4
308.1

22.0
18.9
25.3

2.2
1.9
1.3

142.7
142.9
143.3

108.3 e
108.4 e
108.2 e

58.3
59.4
59.7

309.3 e
310.7 e
311.1 e

20.0
21.1
10.1

31.9
30.3
18.8

1.2
2.3
2.4

143.7
144.6
145.6

108.4 e
108.8 e
109.0 e

59.7
59.9
60.1

311.8 e
313.3 e
314.6 e

6.2
5.7
7.9

12.4
18.7
19.6

24.1
27.5
32.0

2.6
2.6
2.6

146.4
146.8
147.8

109.3 e
109.4 e
109.4 e

60.3
60.6 e
60.9 e

315.9 e
316.7 e
318.2 e

3.3
2.8

6.6
5.3

27.7
13.6

37.6
21.7

2.8
2.9

149.2
149.9

109.6 e
109.6 e

61.2 e
61.5 e

319.9 e
321.0 e

12.3
12.3

2.6
2.9

5.3
6.3

27.7
32.3

35.5
41.6

3.0
3.0

7.5
7.2
7.4
7.6

1.5
1.6
1.5
1.5

12.3
12.3
12.3
12.3

3.0
2.6
3.2
2.5

5.4
5.3
5.5
4.9

25.4
16.9
7.3
7.8

33.8
24.9
16.0
15.2

2.9
2.9
2.9
2.9

SEP.

4
HP
18p

7.7
7.5
7.4

1.5
1.8
1.7

12.3
12.3
12.3

3.7
3.5
13.5

5.3
4.6
7.1

6.5
3.6
11.9

15.4
11.6
32.5

2.9
2.8
2.8




At
money
market
funds

112.6
112.2
111.5

7
14
21
28

estimated
preliminary

At
thrift
institutions

142.2
142.2
142.3

AUG.

e
p

At
commercial
banks

H.6 (508)
Special Supplementary Table

Monthly Survey of Selected Deposits1

July 31,1995 and August 31,1995
(not seasonally adjusted)

Insured Commercial Banks
Amount Outstanding ($mil.)

Change
(b. p.)

July 31

Aug. 31

-2.27

1.91

1.90

-1

731,457
571,723
159,734

1.13
0.72
2.61

3.15
N.A.
N.A.

3.14
N.A.
N.A.

-1
N.A.
N.A.

32,950
91,347
186,716
201,761
194,500

30,627
90,221
187,122
203,495
200,031

-7.05
-1.23
0.22
0.86
2.84

4.17
4.77
5.18
5.38
5.62

4.10
4.77
5.15
5.39
5.63

-7
0
-3
1
1

148,878

149,045

0.11

N.A.

N.A.

N.A.

Liability Categories

July 31

Aug. 31

NOW Accounts

271,777

265,597

Savings Deposits
Personal
Nonpersonal

723,302
567,624
155,678

Interest-bearing time deposits with
balances of less than $100,000
with original maturities of:
7 to 91 days
92 to 182 days
183 days to 1 year
1 to 2-V2 year
2-V2 years and over
All IRA/Keogh Plan deposits3

2

Change
(percent)

Average Rate Paid (%)

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

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

July 31

Aug. 31

Change
(percent)

July 31

Aug. 31

11,262

11,113

-1.33

1.96

1.98

2

Savings Deposits
Personal
Nonpersonal

66,706
63,524
3,182

66,768
63,476
3,292

0.09
-0.08
3.47

2.97
N.A.
N.A.

2.95
N.A.
N.A.

-2
N.A.
N.A.

Interest-bearing time deposits with
balances of less than $100,000
with original maturies of:
7 to 91 days
92 to 182 days
183 days to 1 year
1 to 2-V2 year
2-V2 years and over

1,784
11,131
22,157
25,141
22,930

1,872
11,181
22,485
25,294
22,777

4.94
0.45
1.48
0.61
-0.67

4.28
5.16
5.47
5.62
5.82

4.34
5.12
5.45
5.63
5.78

6
-4
-2
1
-4

All IRA/Keogh Plan deposits3

20,568

20,604

0.18

N.A.

N.A.

N.A.

Liability Categories
NOW Accounts
2

N.A. - data are not available
NOTE: Data for earlier month may show revisions.
1. Estimates are based on data collected by the Federal Reserve System from a stratified random sample of about 425 commercial
banks and 75 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.
BIF-insured savings banks include both mutual and federal savings banks.
4.