Full text of H.6 Money Stock Measures : September 5, 1985

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FEDERAL RESERVE statistical release
H.6 (508)
TablfiJ

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

SEPTEHBEE

5, 1985

Billions of dollars
M1

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

Date

M3
M2
M2 ptus
M1 plus overnight RPs
and Eurodollars,
large time deposits,
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 sectors*

1984—JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

546.9
548.9
551.5
548.3
553.8
558.5

2260.2
2292.8
2308.4
2319.3
2346.3
2371.7

2862.0
2878.8
2901.0
2925. 1
2959.9
2995.0

3394.9
3421.6
3452.1
3473.5
3501.8
3539.4

5631.1
5690.3
5742.1
5602.4
5877.9
5953.2

1985—JAM,
FEE.
MAR.
APR.

562.7
569.4
572.1
57*1.9
581.6
591.2
595.8

2398.9
2421.0
2429.3
2427.3
2444.6
2472.6
2490.4

3020.5
3041.0
3055.6
3056.3
3075.9
3103.1
3113.9

3562.0
3593.4
3621.4
3624.3
3642.5

6019.3
6074.7
6129.6
6191.7
6253.5
6313.9

HAY

JUNE
JULY

Not seasonally adjusted

1984—JULY
AUG.
SEPT.
OCT.
NOV.
'DEC.

549.9
545.0
548.5
548.2
555.9
570.4

2265.7
2287.7
2298.8
2316.6
2344.4
2376*7

2863.6
2874.8
2890.9
2920.6
2960.4
3002.2

3395.7
3414.8
3441.6
3469*0
3502.2
3540.9

5609.6
5672.1
5729.8
5791.9
5866. 1
5947.2

1985—JAN.
FEE.
HAH.
APB.

568.3
558.6
564.9
581.6
576.2
592.3
599.1

2404.2
2414.5
2429.6
2439.2
2440.7
2476.3
2496.4

3024.2
3034.3
3057.3
3068.2
3073. 6
3105.8
3116.1

3566.8
3589.9
3627.7
3636.5
3637.4

6014.1
6052.8
6100.6
6161.1
6224.7
6288.6

HAY

JUNE
JULY

M1

For period ended
1985-JULY

AUG.

NOTES

13-week average

Seasonally adjusted
4-week average

1
8
15
22
29

582.9
584.6
566.0
587.5
589.1

592.2
593.6
594.2
595.0
595.2

596.1
596.6
591.8
595.5
596.6

583.6
585.5
586.6
587.4
588.9

593.0
595.9
597.9
600.5
598.9

592.9
610.3
603.6
595.0
586.8

5
12
19 P
26 P

591.0
592.9
594.8
596.6

596.6
599.4
602.0
604.9

602.1
603.2
606.0
606.4

590.9
593.0
594.9
596.8

597.5
597.9
599.9
601.6

604.7
604.9
603.1
593.6

week average

13-week average

Not seasonally adjusted
4-week average

_ week average

SPECIAL CAUTION SHOULD BE TAKEN IN INTERPBETIIG NEEK-TO-IEEK CHANGES IN HONEY SUPPLY DATA, IHICB ARE
HIGBLY fOLATILE AND SUBJECT TO REVISION.
P—INDICATES PRELIHINAEY DATA.
FOOTNOTES 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
3 MONTHS FflOfl APB.

1 9 8 5 TO JULY

1965

14.5

6 HONTflS FBOM JAM.

1 9 8 5 TO JOLI

1985

11.8

12 MONTHS FROM JOLT

1 9 8 4 TO JOLI

1985

8.9

M2
10.4

7.6
9.2

M3

Debt1

7.5

12.0

6.2

12.1
1i«3

THIRTEEN WEEKS ENDING AUG. 2 6 , 1985
FROM THIRTEEN WEEKS ENDING:

1/

1/

2/

3/

4/
5/




MAY

27,

1985

( 1 3 WEEKS PBBVIOUS)

14.5

FEB.

25,

1985

( 2 6 WEEKS PBBYIOUS)

12.1

AOG.

27,

1984

( 5 2 WEEKS PREVIOUS)

8.9

GROWTH BATES POB DEBT ABB BASED O> PEBIODS BEGIMHIHG ABD ENDING CBE H0N7H EARLIER THAN FOB THE MONBTABY AGGREGATES,
MANELY, MARCH 1985 TO JUNE 1985, DECEMBER 1984 TO JUNE 1985, AND JONE 1984 TO JONE 1985, RESPECTIVELY
FOOTNOTES TO TABLE 1
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDEBAL RESERVE BANKS, AND THE VAOLTS OF COflflERCIAL BAIKS;
(2) TRAVELERS CHECKS OF NONfiANK ISSUERS; (3) DEMAND DEPOSITS AT ALL CQHBEBCZAL BANKS OTHEB THAN THOSE DOB TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THB PBOCBSS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTUEB CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE OBDBB
OF WITHDRAWAL (NOW) AND AUTOMATIC TBANSFBR SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CREDIT UNION SHARE CRAFT ACCOUNTS AND DEMAND DEPOSITS AT THBIFT INSTITUTIONS. THE CUBREBCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAOLT CASH AND DEMAND DEPOSITS, BESPECTIVELI, HBLD BY
THBIFT INSTITUTIONS TO SEBVICE THEIR OCD LIABILITIES.
CONSISTS OF Ml PLUS OVEBNIGHT (AND CONTINUING CONTRACT) BPS ISSUED BY ALL COMMERCIAL BANKS AND OVERNIGHT EOfiODOLLABS
ISSUED TO U.S. RESIDENTS BY FOBEIGN BRANCHES OF 0.S. BANKS WORLDWIDE, MMEAS, SAVINGS AND SMALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING BETAIL BPS—IN AMOUNTS 01 LESS TBAN $100,000), AND BALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER HONEY HABKET MUTUAL FUNDS. EXCLUDES IBA AND KBOGH
BALANCES AT DEPOSITOBY INSTITUTIONS AND HONEY MABKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY 0. S. COMHEBCIAL
BANKS. HONEY MARKET FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COMMBBCIAL BANKS, AND
THE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT BBPBESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAOLT CASH HELD BY THRIFT INSTITUTIONS TO SEBVICE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF M2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OB MORE) AND TEBH BP LIABILITIES ISSUBD
BY COMMERCIAL BANKS AND THBIFT INSTITUTIONS, TEBH EURODOLLARS HELD BY U.S. BESIDENTS AT FOBEIGN 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 A CONSOLIDATION ADJUSTMENT THAT BEPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EUBODOLLABS HELD BY INSTITUTION-ONLY HONEY MARKET MUTUAL FUNDS.
CONSISTS OF M3 PLUS THE NONfiANK PUbLIC HOLDINGS OF U.S. SAVINGS BONDS, SHOfiT-TEBH TREASURY SECURITIES, COMHEBCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF MONEY HAHKET MUTUAL FUND HOLDINGS CF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVBBNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE BONDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPER, EANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ABE DERIVED FROM THE FEDERAL RESERVE BOARD'S FLOW CF FUNDS ACCOUNTS. ALL DATA GN DEBT OF DOMESTIC
NONFINANCIAL SECTORS ARE PRESENTED IN MCNTH-AVER AGE PORM, DERIVED BY AVERAGING MONTH-KND LEVELS OF ADJACENT MONTHS. THB
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IN THE UNDERLYING FLOW OF FUNDS STATISTICS.
THE PRESENTATION Of DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FROM THE UUABTERLY FLOW OF FUNDS STATISTICS CONTAINED IN
IN THE FEDERAL RESEhVE RELEASES Z.7 AND Z.1. IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ABE MEASURED ON A
A gUARTEfi-END BASIS AND INCLUDE DISCONTINUITIES.

COMPONENTS OF THE MONEY STOCK

Da*

1

tenancy

Tvavsvars
chacks*

Oamand
dapoaHs'

Otfiar
chackaMa
dapoalta4

Hontran lactlons
oomp
Inat3
matt*
on*-

SalscUd

7

to
8i rtnpdapoa*

1

at
oofwnafCMM

>

dapoiHts1
at
total
ttirift
Institutions

8fTMUltima

at
thrift

total

at
banks

banks

155.0
155.9
156.8

5.2
5.2
5.1

247.3
246.8
247.5

139.4
141.0
142.2

1733.3
1744.0
1756.9

581.8
586.0
592.6

128. 1
127.0
126.1

171.0
169.5
168.5

299. 1
296.5
294.6

374.7
378.8
381.7

468,9
476.2
482.8

843.6
855. 0
864.5

OCT.
NOV.
DEC.

157.1
157.9
158.7

5.0
5.1
5.2

244.5
246.8
248.6

141.8
143.9
146.0

1771.0
1792.5
1813.3

605.8
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
387.0

489.6
494.0
498.6

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
153.6

1636.2
1851.6
1857.1

621.6
121.6
620.0 ! 121.4
626.3 I 120.3

166.9
168.0
168.4

288.6
289.4
288.6

384.7
382.0
382.8

APR.
HAT
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
1881.4

119.6
628.9
631.3
120.4
630.5 ! 121.9

168.3
168.9
170.2

267.6
289.3
292. 1

JOLT

165.4

5.9

260.9

163.6

1894.6

623.5

172.8

296.0

I984-JULY
AUG.
SEPT.

123.2

LaqMthnadapo Ms'
at
at
oommaiclal
tnrttt
1
banks * Inatnuttona
13U. 6
254.6
389.3

255.0
256.0

137.6
138.0

392.6
396.0

872.7
878.5
885.6

263.2
263.6
264.4

141.9
147. 1
151.8

405.2
410.7
416.2

497.2
495.6
495.8

881.9
877.6
878.6

262.3
264.4
269.4

154.6
154.9
154.2

416.9
419.3
423.6

387.6
390.0
390.7

497.8
502.0
503.5

685.3
892.0
894.2

273.0
272.1
267.7

154.4
156. 1
156.4

427.3
428.2
424.1

388.4

500.6

889.0

266.0

154.2

420.2

SEEK ENDING
1985
JOLT

AUG.

1/
2/
3/

4/

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




1
8
15
22
29

165.0
165.2
164.8
165.4
165.9

263.4
262.3
259.0
260.5
260.3

161.9
163.4
162.2
163.7
164.7

122.3
123.1
123. 1
123.3
123.2

391.2
388.9
368.7
388.4
388.0

265.3
26 5.7
266.1
266.8
266.0

5
12
19 P
26 P

166.6
166.7
167.2
167.6

262.4
261.7
263.6
265. 1

167.2
16R.8
169.3
169.8

124.0
124.3
124.2
124.2

385.5
364.3
384.2
384. 1

265.2
267.1
267.8
269.3

CURRENCY OOTSIDE THE U.S. TREASURY, PEDEBAL RESBRVE BANKS AND fAOLTS OP COHBEBCIAL BANKS. EICLODES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITOTIOfS TO SEBTICB TBBIB OCD LIABILITIES.
OOTSTANDING AflOONT OP U.S. DOLLAR-DENOHINATBD TBATELERS CBECKS OF RONBANK ISSUERS. TRAVELERS CHECKS ISSUED BT DEPOSITORY
INSTITUTIONS ABE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COHHERCIAL BANKS AND FOREIGN BELATED INSTITUTIONS OTHBB THAN THOSE DUB TO DOMESTIC BANKS, THB U.S. GOVBRNBBNT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEBS IN THE PROCESS OF COLLBCTIOB AND PBDEBAL BESEBVB FLOAT.
EXCLUDES THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BT THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
CONSISTS OF NOB AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DBAFT BALANCES AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHEB CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFPEREHCE BETWEEN THE
SEASONALLT ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDED ABB ALL CEILING
FREE "SUPER NOBS," AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEBEGULATICN COMMITTEE TO EE OFFEBBD BBGIIBIBG JANUABT 5,
1983.
SUH OF OVERNIGHT BPS AND OVERNIGHT EURODOLLARS, HONEY MARKET FUBD BALABCES (GENBBAL PURPOSE ABO BROKER/DEALER),
HHDAS, AND SAVINGS AND SHALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF
DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SBBVICE THEIR TIME AND SAVINGS DEPOSITS LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM BPS AND TERM EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FOND BALANCES (INSTITUIIONONLT), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THB BSTIBATED AflCOIT OF OVERNIGHT RPS AND EURODOLLARS HELD BT
INSTITUTION-ONLY HONEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE HADAS.
SHALL DENOMINATION TIMB DEPOSITS—INCLUDING RETAIL R P S — ABB THOSE ISSOED IB AMOUNTS OF LBSS THAN $100,000. ALL
INDIVIDUAL BETIBEHERT ACCOUNTS (IBA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THBIFTS ABB SUBTRACTED FROM SHALL
TIME DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ABE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSE BOCKBD AT
INTERNATIONAL BANKING FACILITIES.
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY HOBET HABKET MOTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFPICIAL INSTITUTIONS.

H.6 (506)
Table 4

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

Date

savings bonds

Non-M3 components of L
short-term treasury
bankers acceptances'
securities1

commercial paper'

Debt components4
federal debt
non-federal debt

73.0

244.8

47.7

155.5

1261.3

4309.6

JOLT
AUG.
SEPT.

73.1
73.3
73.6

252.1
261.1
273.5

48.2
47.8
46.8

159.4
160.5
157.2

1277.9
1299.0
1311.1

4353.2
4391.3
4431.0

OCT.
NOV.
DBC.

73.7
73.9
74.1

273.1
268.0
267.2

44.8
42.5
41.3

156.7
157.6
161.8

1325.2
1347.2
1367.0

4477.2
4530.7
4586.2

1985-JAN.
FEB.
Hilt.

74.4
74.9
75.3

266.7
270.3
276.5

40.8
42.5
44.3

159.6
164.8
169.8

1385.3
1401.0
1413.5

4634.0
4673.7
4716.2

75.8
76.2

279.4
279.2

44.0
42.5

168.9
168.6

1429.0
1446.6
1462.2

4762.6
4806.9
4851.8

1984-JONE

APR.
HAT
JUNE P

1/ CONSISTS OP U.S. TBEASUBT BILLS AND COUPONS HITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BT OTHER THAN DEPOSITORT
INSTITUTIONS, FEDERAL RESERfE BANKS, MONET MARKET MUTUAL FUNDS AND FOREIGN ENTITIES.
2/ NET OF BANKEBS ACCEPTANCES HELD BT ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK STSTEH AND MONET MARKET MUTUAL FUNDS.
3/ TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BT MONET MARKET MUTUAL FUNDS.
4/ DEBT DATA ARE ON A HONTHLT AVERAGE BASIS, DERIVED BT AVERAGING END-OF-HONTH LEVELS OF ADJACENT MONTHS, AND 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

Currency1

Travelers
checks2

Demand
deposits3

at commercial
banks4

at thrift
institutions6

total

in M3 only7

in M2#

Overnight
RPss

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

156.3
156.5
156.5

5.8
5.7
5,4

248.4
243.8
246.1

101.0
100.7
101.7

38.4
38.2
38.8

139.4
138.9
140.5

1735.8
1742.7
1750.3

578.0
587.1
592.1

42.7
45.0
44.1

13.6
13.5
12.6

150.5
150.6
152.1

OCT.
NOV.
DEC.

156.7
158.7
160.9

5.0
4.8
4.9

245.8
248.9
257.4

101.5
103.1
105.9

39.3
40.4
41.3

140.8
143,4
147.2

1768.4
1788.5
1806.3

604.0
615.9
625.4

44.7
47.9
45.2

12.1
10.1
12.4

155,6
162.0
167.5

1985-JAN.
FEB.
MAR.

158.3
158.6
159.8

4.9
5.0
5.1

254*9
244.9
246.3

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

APR.
HAT
JUNE

161.2
163.2
165.2

5.2
5.4
6.0

255.1
251.4
259.8

114.1
110.5
113.8

46. 1
45.7
47.5

160. 1
156.2
161.3

1857.6
1864.5
1884.1

628.9
633. 1
629.5

47.4
51.3
50.3

11.7
12.4
12.3

176.2
172.2
175.4

JULY

166.8

6.6

262.2

115.0

48.5

163.5

1897.3

619.7

50.2

11.9

175.6

1984-JULT
AUG.
SEPT.

SEEK

ENDING:

1985-JOLI

AOG.

1/

2/
3/
4/
5/
6/
7/
8/
9/

1
8
15
22
29

165.0
168.6
167. 1
166.6
165.7

261.8
268.5
265.4
259.3
254.0

112.6
117.0
115.8
114.3
113.1

47.1
49.8
48.8
48.2
47.2

159.7
166.8
164.6
162.5
160.3

48.5
45.0
51.7
51.8
52.2

13.0
9.4
12.2
12.2
13.4

176.1
174.7
176.9
176.2
174.7

5
12
19 P
26 P

167.7
168.6
167.8
166.7

263.2
262.1
262.7
256.0

117.0
117.8
116.9
116.0

50.0
49.8
49. 1
48.4

167.0
167.6
166.0
164.3

52.0
50.8
53.7
52.5

12.8
13.2
13.7
15.1

175.4
176.7
176.6
177.0

CUBRENCY

OUTSIDE

THE U . S . T R E A S U R E

FEDERAL

RESERVE

BANKS AND THE VAULTS

OF COMMERCIAL

BARKS.

EXCLUDES THE

ESTIMATED

AMOUNT OF VAULT CASH HELD BT THfilPT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBARK ISSUERS. TRAVELERS CHECKS ISSUED BI DEPOSITOR!
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AMD FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.B. FLOAT, LESS THE ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BT THRIFT INSTITUTIONS TO SERVICE THEIfi GCD LIABILITIES.
CONSISTS OF NOH AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGEICIBS OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER HOWS OF $41.5 BILLION IN THE WEEK ENDED AOG. 12, $41.5 BILLION IN THE iEEK ENDED AUGUST 19,
AND $41.3 BILLION IN THE KEEK ENDED AUGUST 26.
CONSISTS OF NOH AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT OIIOI SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER ROWS OF $17.5 BILLION IV THE iEEK BIDED AOG. 12, $17.3
BILLION IN THE MEEK ENDED AUGUST 19, AND $17.1 BILLION IN THE MEEK ENDED AUGUST 26.
SUM OF OVERNIGHT RPS AND EURODOLLARS, MONET MARKET FUHD BALANCES (GENERAL PURPOSE AHD BROKER/DEALER), HMDAS AND SAVINGS
AND SHALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAUL1 CASH HELD BI THRIFT INSTITUTIONS TC SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, MONET AARKET POND BALANCES (INSTIT0TION-OMLT), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD ET INSTITUTION-ONLT
MONET MARKET MUTUAL FUNDS,
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BT COMMERCIAL EANKS TO OTHER THAN DEPOSITORT INSTITUTIONS AND
MONET MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
ISSUED DT FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORT INSTITUTIONS AND
MONET KARKRT MUTUAL FUNCS ^GENERAL PURPOSE AND BROKER/DEALER).




H 6 (508)
Table 5-contlnued

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

Date

Money market deposit accounts
at
at
commercial
thrift
total
banks
institutions

at
commercial
banks

Savings deposits
at
thrift
institutions

1

total

Small denomination time deposits2
at
at
commercial
thrift
total
banks
institutions

Large denomination time deposits3
at
at
commercial
thrift
total
4
banks
institutions

244.9
243.6
244.8

149.3
145,3
143.8

394.2
388.9
388.6

129.3
126.8
125.2

173.3
168.9
167.4

302.6
295.7
292.6

372.7
379.9
384.0

466.6
475.9
483.4

839.3
855.8
867.4

253.5
256.4
259.3

134.6
138.7
138.6

388.0
395. 1
397.9

OCT.
NOV.
DEC.

248.2
257.1
267. 1

143.9
145.4
147.9

392.0
402.4
415,1

124.3
122.7
121.4

167.4
166. 1
164.9

291.7
288.8
286.3

386.2
387.1
387.6

493.2
497.4
499.4

879.4
884.5
887.0

264.0
263.6
265.9

143.1
147.6
151.1

407. 1
411.2
416.9

1985-JAN.
FED,
HAfi.

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

286.9
286.9
288.8

386.3
384.1
383.7

502.0
499.5
496.3

888.4
883.6
880.0

263.0
263.9
269.8

154.1
154.9
153.3

417.1
418.8
423.0

APE,
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

169.3
170.1
172.6

290.2
291.8
295.8

383.9
385.2
386.4

49 5.6
495.5
496.8

879.4
880.8
883.2

270.4
270.0
267.3

153.4
156.1
156.0

423.8
426.0
423.2

JOLT

313.0

171.0

483.9

124.4

175.1

299.4

386.4

498.0

884.4

265. 1

154.3

419.4

1984-JULY
AUG.
SEPT.

SEEK

1985
JULY

AUG.

1/
2/
3/
%/

ENDIHG

1
8
15
22
29

309.3
311.2
312.7
313.3
314.3

123.5
124.6
124.5
124.4
124.0

386.8
387.0
386.6
386.3
385.9

265.2
264.2
264.3
265.8
266.4

5
12
19 P
26 P

315.7
316.8
317.8
318.5

124.3
124.4
124.0
123.8

3e5.7
385.6
385.5
385.4

266.0
268.4
269.5
271.8

SAYINGS DEPOSITS EXCLUDE HHDAS.
SHALL DENOMINATION TIflE DEPOSITS — INCLUDING RETAIL UPS — ARE THOSE ISSUED III AMOUNTS OF LBSS THAB $100,000. ALL
INDIVIDUAL BETIfiEHENT ACCOUNTS (IBA) AND KEOGB ACCOUNTS IT COflflERCIAL BANKS AMD THRIFTS ARE SUBTRACTED FBOfl SHALL
TIHE DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AHOUNTS OF $100,000 OB HO£E, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOHINATICN IIHE DEPOSITS AT COHHEBCIAL BANKS LESS THOSE HELD BY HONEY HARKET HUT0AL FUNDS, DEPOSITORY
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (906)
Table 5-contlnued

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

Institution
only money
market funds

at commercial
banks

at thrift
Institutions

total

Term
Eurodollars*

Savings
bonds

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

Components of Debt
Commercial
paper*

Federal debt 9

Non-Federal*
debt

AUG.
SEPT,

46.1
06.2
46.9

28.1
30.7
31.3

31.8
33.4
35.4

60.0
64. 1
66.6

88.3
86.5
85.6

73.0
73.3
73.5

250.4
259.4
271.6

47.5
47.7
47.2

161.2
159.8
158.4

1270.8
1295.8
1310.5

4338.8
4376.3
4419.3

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

4468.9
4523.0
4582.5

1985-JAN.
FEB.
MAR.

65.0
62.2
59.5

29.9
31.2
32.7

35.1
34.5
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

4628.0
4655.4
4688.8

APR.
HAT
JUNE

59.6
63.5
67.1

35.2
33.4
33.1

36.8
35,4
33.8

71.9
68.8
66.9

80.7
81.0
78.7

75.6
76. 1

282.8
277.1

42.6
41.7

169.3
168.8

1427.1
1443.8
1457.9

4734.0
4780.9
4830.8

JOLT

64.8

31.1

33.4

64.5

76.6

1
8
15
22
29

67.3
64.7
64.8
65.5
64.3

32.7
33.2
31.5
29.6
30.0

5
12
19 P
26 P

62.9
62.8
62.2
63.8

30.2
31.5
32.4
31.7

1984-JULI

WEBK ENDING:
1985-JULI

AUG.

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

TERM UPS ARE THOSE WITH ORIGINAL MATURITIES GBEATER THAN ONE DAT, EX CLODIMG CONTINUING CONTRACTS AND RETAIL BPS. INCLUDES
A RELATIVELY SHALL AMOUNT OP OVERNIGHT RPS AT THRIFT INSTITUTIONS.
TERR EURODOLLARS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAT. CONSISTS OP THOSE ISSUED TO 0.S. RESIDENTS BT
FOREIGN BRANCHES OF U.S. BANKS 1ORLDHIDE AND BT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BT DEPOSITORI INSTITUTIONS AND MONEY MARKET HUTUAL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AND COUPONS HITH REMAINING MATURITIES OF LESS THAR 12 MONTHS HELD BT OTHER THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, MONET MARKET HUTUAL FUNDS, AND FOREIGN ENTITIES.
NET OF EANKERS ACCEPTANCES HELD' BT ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK STSTEH AND MONET MARKET MUTUAL FUNDS.
TQTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BI MONET MARKET HUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLT AVERAGE BASIS, DERIVED BT AVERAGING BND-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HIVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6 (508)
Table 6

MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted
U.S. government deposits

Demand deposits at banks due to

foreign

Date

commercial
banks

demand
deposits at
commercial
banks

foreign
official
institutions

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

8.7
8.4
8.4

2.0
1.9
2.0

2.8
2.9
3.4

4.0
3.6
6.0

9.0
7.5
14.1

15.8
13.9
23.6

0.9
0.9
1.0

40.6
41.3
41.9

54.7
55.1

OCT.
NOV.
DEC.

8.5
8.8
8.6

1.8
2. 1
2.0

2.7
2.8
3.4

4.0
3.2
3.4

8.4
7.5
9. 1

15. I
13.6
16.0

1.0
.1
•9

1985-JAN.
FEB.
BAR.

8.5
8.3
7.5

1.9
2. 1
1.8

3.7
3.1
3.6

4.0
4.3
3.8

14.9
12.7
9.2

22.5
20.1
16.6

APR.
HAT

7.6
7.8
7.8

1.9
2. 1
1.9

3.9
3.1
3.4

6.6
6.7
2.8

11.5
17.8
11.4

7.9

1.8

8.3

3.1

4.0

7.9
7.3

.8
.9
.9
.8
.7

8.3
8.2
8.3
8.3
8.3

2.9
4.2
2.8
2.8
2.4

.9

8.3

3.4
2.5
2.8
2.8

198a-JOLT
AUG.
SEPT.

money
market
mutual funds

total

55.9

6.2
6.2
6.2

J101.S
|102.7
|104.0

42.6
43.2
43.8

56.9
57.7
59.0

6.2
6.5
6.9

105.7
107.3
109.7

.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

22.0
27.6
17.7

.0
.0
.0

53.5
55.1
55.9

69.2
70.5e
7 1 . 8e

8.6
8.6
8.5e

131.2
134.2e
136.2e

20.0

27.0

1.0

56.7

73.3e

8.6e

138.6e

3.5
5.3
3.4
3.9
3.7

20. 3
21. 2
18. 5
2 0. 0
21. 5

26.6
30.7
24.8
26.6
27.6

.0
.0
.0
•0
.0

2.4
3.5
2.9
2.7

15.
9.
8.
10.

21.7
15.5
14.4
16.1

.1
.0
.1
.1

JUHB
JOly
VEEK ENDING:
1985
JULY 1
8
15
22
29
AUG.

5
12
19 p
26 p

e = estimated




8.1
8.3
7.7
8.2
7.8
7.3
7.7

.9
2.1
1.8

8.2
8.2

9
5
8
7