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

Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

DECEHBfiH

11,

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

Data

M3
M2
M1 plus overnight RPs
M2 plus
and Eurodollars,
large time deposits,
MMMF balances (gen. pur. term RPs, term Eurodollars
and institution-only
and broker/dealer), MMOAs,
MMMF balances1
and savings and small
time deposits?
Seasonally adjusted

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors*

1984—NOT.
DEC

553.8
558.5

2346.3
2371.7

2959.9
2995.0

3502.8
3541.3

5d50.9
b*27.1

1985—JAN.
FEB.
MAR.
APR.
HAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.

562.7
569.4
572.1
574.9
581.6
591.2
595.8
605.9
611.9
611.1
617.9

2398.9
2421.0
2429.6
2427.7
2444.9
2472.9
2490.6
2514.1
2528.9
2533.0
2547.1

3020.5
3041.0
3055.9
3056.9
3076.9
3104.5
3117.2
3142.7
3169.4
3179.6
3194.4

3564.0
3595.5
3623.3
3625.5
3643.3
3673.2
3692.1
3730.3
3764.0

5*94.0
6U50.0
O1G4.2
b1b5.2
O228.0
6290.5
oJ5b.4
O42U.2
b479.3
6D41.9

Not seasonally adjusted
1984—NO?.
DEC.

555.9
570.4

2344.4
2376.7

2960.4
3002.2

3503.1
3542.9

5<J38,0
3921.2

1985—JAM.
FEB.
MA EL
APR.

568.3
558.6
564.9
581.6
576.2
592.2
599.1
601.5
608.6
611.0
620.1

2404.2
2414.5
2429.9
2439.6
2441.0
2476.6
2496.6
2507.41
2517.6
2529.7
2545.0

3024.3
3034.3
3057.6
3068.8
3074.8
3107.2
3119.4
3137.5
3157.6
3174. 1
3195.1

3568.9
3592.0
3629.5
3639.6
3638.3
3676.4
3694.1
3722.4
3752.0

5985.9
bO27.b
6075.8
61J6.9
6^01.4
6266.9
6334,7
O400.6
b4b3.y
b628.5

13-week average

Seasonally adjusted
4-week average

HAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.

M1
For period ended

1985-MOV.

D£C.

NOTE:

week average

13-week average

Not seasonally adjusted
4-week average

week average

11
18
25

610.1
610.9
611.7
612.7

610.8
612.9
613.5
615.9

612.2
613.8
616.6
621.0

607.7
608.8
610.2
611. d

610.9
612.4
614.5
616.0

616.6
019,8
621.b
b14. 1

2
9 P
16 P

614.0
614.7
615.7

O19.5
621.8
'623.3

626.4
623.2
622.6

613.9
615.1
616.8

620.8
624.7
62d.O

627.5
635.5
634.9

4

SPECIAL CAUTION SHOULD BE TAKE* IV IITEKPRETIMG
HIGHLY VOLATILE AMD SUBJECT TO BEVISIOM.
P ~ I N D I C A T E S PRELISIRAAY DATA..
FOOTHOTBS APPEAR 0 1 THE fOLLOfiflMG PAGE




HEEK-TO-IEE* CHAHGES III flOtflY S U l P i . 1 DATA,

WHICH ARE

H.6 (508)
Table 2

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

M1

M2

M3

Debt1

3 MONTHS FfiOfl AUG.

1985 TO NOW.

1985

7.9

5.3

6.6

11.7

b MONTHS FROM HAY

1985 TO NO?.

1985

12.5

8.4

7.6

12.2

12 MONTHS FROH NO?.

1984 TO NO?.

1985

11.6

8.6

7.9

1J.3

THIRTEEN WEEKS ENDING DEC. 16, 1985
PROS THIRTEEN HEBKS ENDING:
SEPT. 16, 1985 (13 WEEKS PRBFIOUS)

1/

1/

2/

3/

4/
5/

9.3

JUNE

17, 1985 (26 REEKS PREVIOUS)

U.4

DEC.

17, 1984 (52 iBEKS PREVIOUS)

11.6

GBOHTU BATES FOB DEBT ARE BASED ON PEBIODS BEGINNING AND ENDING ONE MONTH EARLI3R THAN FOR THE MONETARY AGGREGATES,
NAMELY, JULY 1985 TO OCTOBER 1985, APBIL 1985 TO OCTOBEB 1985, AND OCTOBBB 1984 TO OCTOBER 198b, RESPECTIVELY
FOOTNOTES TO TABLE 1
CONSISTS OF (1) COBBENCI OOTSIDE THE THBASOBI, PfcDBBAL RESERVE BANKS, AND THE ?AULTS OF COMMERCIAL 0ANKS:
(2) TRAVELERS CHECKS OF NONBANK ISSOEBS; (3) DEMAND DEPOSITS AT ALL COMMEBCIAL BANKS OTdER THAN THOSE DUE TO
DOMESTIC BANKS, THE U.S. GOYBBNMEMT, AND FORBIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS
OF COLLECTION AND FBDEBAL HBSEBVB FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER
OF UITHDBAHAL (NOB) AND AUTOMATIC TRANSFER SER?ICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CBBDIT UNION SHABB DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF ?AULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SEB?ICE THBIB OCD LIABILITIES.
CONSISTS OF H1 PLUS O?BMMIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BY FORBIGN BRANCHES OF U.S. BANKS UORLDHIDE, MMDAS, SAVINGS AND SMALL DENOMINATION
TIMB DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL RPS—IN AMOUNTS OF LESS THAN $100,000) , AND BALANCES 1U dOTH
TAXABLE AND TAX-EXEMPT GBNBBAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUNDS. EXCLUDE IRA AND KEOGH
BALANCBS AT DEPOSITORY INSTITUTIONS AND HOMEY MARKET FUMDS. ALSO EXCLUDES ALL BALANCES HELD 8Y U.S. COMMERCIAL
BANKS, HONEY MARKET FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FORBIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE U.S. GO?BBNHBNT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND ?AULT CASH HELD BY THRIFT INSTITUTIONS TO SBB?ICE THEIB TIME AND SAVINGS DEPOSITS.
CONSISTS OF H2 PLUS LARGE DENOMINATION TIMB DEPOSITS (IN AMOUNTS OF $100,000 OR MORE) AND TERM *P LIABILITIES ISSUED
BY COMMBRCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BRANCHES OF U.S. BANKS
UORLDHIDB AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IN UOTU 1'AJCAlU.E AND TAX-EXEMPT
INSTITUTION-ONLY HONEY MARKET MUTUAL fUMDS. EXCLUDES AMOUNTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, MONEY
MARKET FUNDS, AND FORBIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT BPS AND EURODOLLARS HELD BY INSTITUTION-ONLY HONEY MARKET MUTUAL PUNDS.
CONSISTS OF H3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SA?INGS BOHDSW SHOBT-TEBH TREASURY SKCURITIKS, COMMERCIAL
PAPER AND BAMKBBS ACCEPTANCES, NET OF HONBY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AMD LOCAL GOYERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF COhPORATE bONDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING HANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND OTHER DEBT
IJKI5HUS!1?!* ™ E D A T A A * E U E a i V E 0 Ffi0M T H E ^OEBkL k&S&HVX BOARD'S FLOW OF FUNDS ACCOUNTS. ALL DATA ON iiEBT OF DOMESTIC
NONFINANLIAL SECTORS ARE PRESENTED IN MONTH-AVERAGE FORM, DKklV&D BY AVERAGING MONTH-END LdVULS Ut ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IN THE UNDERLYING FLOH Ot MUDS STATISTICS.
2 Jt
f H ^ T I ° M ° F D * B T D A T A 1U X U I S 8 E L E A S £ DIFFERS, THEREFORE, *ROH THE QUARTERLY FLOW OF FURDS STATISTICS CONTAINED IN




SSS S

^

"

THOSS

**E

OF a

**it MA*K*T *** AHE H ^ u f i E ° OM A

H.t<80*

COMPONENTS OF THE MONEY STOCK
I of doMaii, aaaaonaHy adjuatad

Data

Currency1

Tnmton

Dsmand

ohaota*

Othar
chackabkt
tfaOOSMa4

oomp tnantS

HIM*

toiltt

r

at

!

banks

tarings dapoaNs7
at
thrift
total

at

at
thrift

tanks

InatKutiona

at

Lttlpa t i n * dapoaHs"
at

total

MMM*
VWIfl

total

banks1*

1984-NOV.
DEC.

157.9
158.7

5.1
5.2

246.8
248.6

143.9
146.0

1792.5
1813.3

613.6
123.8
6,43.3 i 122.6

166.9
166.0

290.7
288.6

384.5
387.0

494.0
498.6

876.5
865.6

263.6
264.4

147.1
151.8

416.2

1985-JAN.
PBB.
BAB.

159.4
160.5
161.3

5.3
5.3
5.4

249.1
251.7
251.9

149.0
151.3
153.6

1836.2
1851.0
1857.5

621.6
620.0
626.3

121.6
121.4
120.3

166.9
168.0
168.4

288.6
289.4
288.6

384.7
382.0
382.8

497.2
495.6
495.6

881.9
877.6
876.6

262.3
264.4
269.4

154.6
154.9
154.2

416.9
419.3
423.6

APH.
HAY
JUKE

161.7
163.1
164.5

5.5
5.5
5.7

252.5
255.8
260.7

155.3
157.3
160.3

1852.7
1863.3
1881.7

629.3 ' 119.6
6i2.0 | 120.4
631.6 i 121.9

168.3
1b8.9

170.2

287.8
289.3
292.1

387.6
390.0
390.7

497.8
502.0
503.4

ddb.3
692.0
694.2

273.0
272. 1
267.7

154.4
156. 1
156.4

427.3
428.2
424.1

JULY
AUG.
SEPT.

165.4
167.1
167.9

5.9
5.9
5.9

260.9
264.1
266.8

163.6
168.9
171.3

1894.8
1908.1
1917.0

626.6
O26.6
640.5

123.2
124.2
124.6

172.8
176.1
177.1

296.0
300.3
301.7

388.4
384.1
382.8

500.1
494.J
491.6

666.5
678.4
874.4

265.7
267.6
272.8

154.2
153.7
155.7

420.0
421.3
428.5

OCX.
HOT.

168.8
170.0

5.9

264.0
266.3

172.4
175.7

1921.9
1929.2

646.5
647.3

125. 1
125.3

179.3
180.5

304.4
305.9

381.8
381.7

46*. 9
490.0

871.6
871.7

277.2
280.1

156.1
157.*

433.3
437.7

5.9

1

410.7

MEEK ENDING
1985
NOV.

DEC.

1/
2/
3/

4/

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

4
11
18
25

169.7
169.9
169.6
169.7

263.8
262.4
265.2
269.7

172.8
175.6
176.0
175.7

125.4
125.2
' 125.4
125.4

380.8
381.1
381.6
382.2

279.6
,281.1
279.1
279.5

2
9 F
16 P

170.6
170.7
170.8

272.9
269.6
269.3

177.1
177.1
176.6

125.1
124.9
124.7

382.7
384.0
384.4

280.5
261.6
281.6

COBBBNCY OUTSIDE THE U.S. TREASUBY, FEDERAL RESBHVE BANKS AND FAULTS OF COMMEBCIAL BANKS. JSXCLODES THE ESTIMATED
ABOONT OF FAULT CASU HELD BY THBIFT INSTITUTIONS TO SBBVICB THEIR OCD LIABILITIES.
OUTSTANDING ABOUNT OF D.S. DOLLAB-DENOfllllATBO TRAVELEBS CHECKS OF NONfiANK ISSOEfiS. TBAViSLERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ABE INCLUDED IN DBHAND DEPOSITS.
DEflAND DEPOSITS AT COBBBHCIAL BANKS AND FOREIGN BELATED INSTITUTIONS UTHEfi THAN THOSE DUE TO DOMESTIC BANKS, THE D. S. GOVEBNHBNT AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PBOCESS OF COLLECTION AND FEDERAL BESEBVE FLOAT.
EXCLUDES THE ESTIMATED ABOONT OF DBHAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SOU VICE THEIR OCD
LIABILITIES.
CONSISTS OF NOH AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND
DEMAND DEPOSITS AT THBIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED E^likLS THE DIFFERENCE BETU&EH THE
SEASONALLY ADJUSTED SUB OF DEflAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDED ARE ALL CEILING
FBBE "SUPER NOBS," AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEREGULATION COMMITTEE TOtiEOFF&kKD BEGINNING JANUARY 5,
1983.
SUfl OF OVEBNIGBT BPS AND OVEBNIGHT EURODOLLARS, BONEY BASKET FUND BALANCES (GENEBAL PURPOSE AND BROKER/DEALER),
HMDAS, AND SAVINGS AND SHALL TIME DEPOSITS, L&SS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF
DEBAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS LIABILITIES.
SUB OF LARGE TIME DEPOSITS, TERM BPS AND TEBB EURODOLLABS OF U.S. RESIDENTS, MONEY MABKET FUND BALANCES (INSTITUTIONONLY) 0 LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVEBNIGHT RPS AND EURODOLLARS HELD bY
INSTITOTION-ONLY MONEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE HMDAS.
SHALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN £100,000- ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SMALL
TINE DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF £100,000 OR MORE, EXCLUDING THOSE bOGKED AT
INTERNATIONAL BANKING FACILITIES.
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY HONEY MARKET MUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (508)
Table 4

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

Date

3/
4/

commercial paper4

Debt components!
federal debt
non-federal debt

73.7
73.9
74.1

273.1
268.0
2o7.2

44.8
43.4 .
43.2

156.7
157.6
161.8

1325.2
1347.6
1367.4

4448.J
4503.3
4559.7

1985-JAN.
FEB.

74.4
74.9
75.3

266.7
270.3
275.9

42.8
44.6
46.4

159.6
164.8
169.8

1384.9
1399.4
1409.3

4609.1
4650.6
4694.9

APB.
HAY
JDHB

75.8
76.2
76.6

277.8
276.7
284.6

46.1
44.8
42.8

168.9
168.6
164.7

142J. 1
1441. 4
1458.3

4742.0
4786.5
4832.2

JULT
A06.
SEPT.

76.7
77.2
78.1

284.4
285.5
287.1

42.7
42.9
42.9

171.1
182.0
186.6

1478.6
1496. 1
1i>05. 6

4877.9
4924.1
4973.7

1516.6

5025.3

OCX.

2/

Non-M3 components of L
short-term treasury
bankers acceptances3
securities'

1984-OCTHOV.
DEC.

an.

1/

savings bonds

CONSISTS OF U.S. TBEASUBX BILLS AID COUPONS If ITU BEHAINING MATURITIES OF LESS THAN 12 MONTHS HELD BY OTHKB THAN DEPOSITORY
INSTITUTIONS, FEDBBAL HBSEBVE BANKS, HONE! SABOT MUTUAL FUNDS AND FOREIGN ENTITIES.
NET OF BAIKBBS ACCEPTANCES HELD BI ACCEPTING BANKS, FEDEBAL BESEBfE BANKS, FOBEIGN OFFICIAL INSTITUTIONS, THE F&DZSikL
HOflE LOAN BANK SYSTEH AND HONEY HABKET MUTUAL PONDS.
TOTAL COMMEBCIAL PAPEB LESS COHMEBCIAL PAPEB HELD BY HONEY HABK4T MUTUAL FUUDS,
DEBT DATA ABE ON A MONTHLY AVEBAGB BASIS, DEBIVfiD BY AVEBAGING END-OF-MONTU LEVELS OF AUJAC4NT MONTHS, AND HAfE 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
deposits1

at commercial
banks4

at thrift
institutions*

total

in M2*

in M3 only7

Overnight
RPs$

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

1984-NOV.
DEC

158.7
160.9

4.8
4.9

248.9
257.4

103.1
105.9

40.4
41.3

143.4
147.2

1788.5
1806.3

616.0
625.4

47.9
45.2

10.1
12.4

162.0
167.5

1985-JAM.
FBB.
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
1865.0

620.1
619.8
62/. 7

4b1. 7
56.3
55.7

14.2
13.3
12.4

171,9
175.1
177.6

APE.
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
47.4

160.1
156.2
161.3

1858.0
1864.a
1884.4

629. J
63J.8
6J0.6

47.4
51.3
50.3

12.0
12.8
12.7

176.2
172-2
175.4

JULY
AUG.
SEPT.

166.8
167.7
167.6

6.6
6.5
6.2

262.2
260.9
26f>.5

115.0
117.1
119.0

48.5
49.3
50.3

163.5
166.4
169.3

1897.5
1905.8
1909.0

62^.8
630.2
640. 1

50.2
51.9
52.7

12.4
14.2
13.9

175.8
176.0
176.7

OCT.
MOW.

168.5
170.8

5.9
5.6

265.4
268.5

119.8
122.6

51.4

52.7

171.2
175.3

1918.7
1924.9

644.3
650.0

52.9
55.0

14.3
13.8

176.9
176.4

MBBK ENDING;

198 5-MO I .

DBC

4
11
18
25

169.2
171.4
170.3
169.8

267.7
266.0
270.2
266.1

121.4
123.4
122.8
121.3

52.6
53.4
52.8
51.4

174.0
176.8
175.6
172.7

53.8
51.4
54.7
59.2

14.6
13.0
13.9
14.5

176.4
176.5
175.9
176.7

2
9P
16 P

171.6
173.1
172.8

274.6
275.9
277.9

122.8
126.5
125.6

53.0
54.4
53.2

175.8
180.9
178.8

55.2
58.0
56.7

13.1
16.9
15.8

176.5
176.9
176.3

i

COBRBNCY OUTSIDE THB U.S. TREASURY, FBDEBAL E2SEB1E BANKS AND THB VAULTS OF COHHBBCIAL HANKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THBIFT INSTITUTIONS TO SERVICE THBIB OCD LIABILITIES.
2/ OUTSTANDING AHOUNT OF V^S^ DOLLAR-DENOMINATED TRAVBLBBS CHECKS OF NONBANK ISSUERS. TBAVELEttS CHUCKS ISSUED BY DEPOSITORY
INSTITUTIONS ABB INCLUDED IN DEMAND DEPOSITS.
3/ DEMAMD DEPOSITS AT COHHBBCIAL BANKS OTHER THAN THOSE DUB TO DOHBSTIC BANKS, THE U.S. G0V£«NH4NT AND FQkzlii* BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITBHS IN THE PROCBSS OF COLLECTION AND F.B. FLOAT, LESS Id* ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COHHEBCIAL BANKS BY THBIFT INSTITUTIONS TO SBBVICB THEIR OCD LIABILITIES.
4/ CONSISTS OF MOB AND ATS BALANCES AT COHHBBCIAL BANKS, U.S. BBANCHBS AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDBS SUPBR NONS OF $44.0 BILLION IN THB MEEK EMD DECEMBER 2, $45.0 BILLION IN THE WKJSK BBDED
DBCBHBBB 9, AND $45.0 BILLION IN THB NBEK EUDED DECEMBER 16.
5/ CONSISTS OF MOM AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND HUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPEB NONS OF $18.8 BILLION IN THE W4JSK EHDUD DECEBbER 2,
$19.2 BILLION IN THE WEEK BNDED DBCBMBEB 9, AND $18.7 BILLION IN THB MEEK ENDED DECEMBER 16.
6/ SUH OF OVERNIGHT RPS AND EURODOLLARS, HONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKktk/DIALER), MMDAS AND SAVINGS
AND SHALL TIflE DEPOSITS LESS THE ESTIMATED AHOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD UY THRIFT INSTITUTIONS TO SERVICE
THBIR TIME AMD SAVINGS DEPOSIT LIABILITIES.
7/ SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUMD BALANCES (lNSTITUTION-ONLr), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AHOUNT OF OVERNIGHT RPS AND EURODOLLAMS d£LD BY INSTITUTION-ONLY
HOMEY MARKET MUTUAL IUMDS.
8/ CONSISTS OF OVERNIGHT AMD CONT1MUIMG CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER 'IHAM DEPOSITOR* INSTITUTIONS AND
MONEY MARKET HUTUAL FUNDS (GEMEhAL PURPOSE AMD BROKER/DEALER).
9/ ISSUED BY FOREIGN BRANCHES OF V.S» BANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
HOMEY MARKET HUTUAL FUNDS (GENERAL PURPOSE AND BfiOKER/DEALER).
1/




H 6 (508)
Table 5-continued

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

at

at

total

commercial
banks

thrift
institutions

total

commercial
banks4

thrift
institutions

166.1
164.9

288.8
2tt6.3

387.1
387.6

497.4
499.4

dti4.i>
887.0

2t>3.6
2t>5. 9

147.6
151.1

411.2
416.9

121.1
120.4
120.6

165.7
16O.5
168.2

286.9
286.9
288.8

38b-3
384.1
383.7

502.0
499.5
496.3

8dd«4
dd3.6
dttO.O

263.0
263.9
269.8

154.1
154.9
153.3

417.1
418.8
423.0

460.3
463.8
475.1

120.9
121.7
123.2

1t>9.3
170.1
172.6

290.2
291.8
295.8

383.9
385.2
386.4

495.6
495.5
496.7

879.4
ddU.d
883.1

270.4
270.0
267.2

153.4
156.1
156.0

423.8
426.0
421.2

171.1
174.3
175.5

484.1
492.1
496.7

124.3
124.0
12J.7

175-1
175.5
176.0

299.4
299.5
299.7

386.4
385.4
385.2

497.5
494.0
492.3

883.9
d7*.4
d77.5

2&4.9
269.4
274.5

154.3
155.1
156.3

419.2
424.5
430.8

176.8
177.3

501.1
506.5

124.5
124.3

179-0
179.7

303.6
303.9

384.9
384.3

493.6
493.6

d7d-4
877.9

278.2
280.0

157.4
158.2

435.6
438.2

at

total

commercial
banks

thrift
institutions

145.4
147.9

402.4
415.1

122.7
121.4

280.4
289.3
294.0

153.2
159.0
163.9

433.7
448.3
457.9

JOME

295.9
298.3
307.3

1t>4.5
165.5
167.8

JULY
AUG.
SEPT.

313.0
317.7
321.2

OCT.
NO?.

324.3
329.2

commercial
banks

thrift
institutions

1984-NOV.
DSC.

257.1
267.1

1985-JAMFEB.
BA1.
APB.
MAI

Large denomination time deposits3

at

at

at

Date

Small denomination time deposits2

Savings deposits

Money market deposit accounts
at

WEEK ENDING
1985
MOf.

DEC.

1/
2/

3/
4/

<t
11
18
25

327.0
328.4
329.4
330.0

124.J
124.4
124.4
124.2

384.1
384.3
384.2
384.5

278.9
279.7
27b. 6
2dO. 9

2
9 P
16 P

330.4
331.8
332.6

123.9
124.2
123.6

384.5
384.7
384.7

2d1.4
281.7
2d2.5

SAVINGS DEPOSITS EXCLUDE MMDASSMALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL RPS — ARE THOSE ISSUED IN AMOUNTS OF LE6S THAN *1O0 # O00. ALL
IN DIVIDUAL RETIREMENT ACCOUNTS (IHA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS AR£ SUiJXRACTiSD FROM SMALL
TIME DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS AfcE THOSE ISSUED iN AMOUNTS OF $H)0,0U0 OB MOKE # EXCLUDING TriOSt. BOOKED AT INTKHNATIONAL
BANKING FACILITIES (IBIS).
LAUGE DENOMINATION TIME DEPOSITS AT COMMERCIAL iJANKS L£SS THOSE HELD BY MONEY MARKET MUTUAL *UNDS, DEPOSITORY
INSTITUTIONS AND FORfclGN BANKS AND OFFICIAL IN^l'ITUTlONS.




total

H.6 (506)
labta 5-continuad

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

Institution
only nonay
martaat funds

at commercial
banks

at thrift
institutions

total

Tacm
Eurodollars1

Savings
bonds

Non M3 Componsnts of L
Short-tarm
Bankars
traasury
accaptancas4
sacuritias'

wOinponontti of uooc

Commercial
papar*

Fadaral dabt*

Non-Fedaral*
dabt

1984-NOV.
DEC.

58.3
62.7

35.4
32.5

35.3
37.3

70.7
69.7

81.9
83.2

74.0
74.4

265.1
264.8

44.^
44.8

15*.4
156.9

1343.0
1364.7

4495.0
4556.4

1985-JAN.
FEB.
BA1.

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

268.6
273.8
283.5

44. 1
44. ti
45.3

157.3
164.2
167.7

1383. 1
1397.4
1412.0

4602.8
4630.1
4663.6

APR.
MAY
JOVE

59.6
63.5
67.1

35.2
33.4
33.1

36. 8
35.4
33.8

71.9
68.8
66.9

81.0
81.8
79.9

75.6
76.1
76.5

281.2
274.6
282.5

44.7
4J. 9
42.3

109.3
168.8
167.9

1427.1
1443.8
1457.9

4709.8
4757.6
4809.0

JULY
AUG.
SEPT.

65.0
63.6
62.3

31.1
32.1
33.1

33.9
35.5
37.6

65.0
67.6
70.7

79.4
80.2
80.8

76.6
77.1
78.0

282.9
283.9
285.3

42.0
42.8
43.2

173. 1
181.0
187.8

1475.8
1495.8
1506.9

4856.9
4905.0
4957.0

OCT.
MO 7 .

63.3
64.5

31.8
33.7

38.8
40.5

70.6
74.1

80.2
79.4

1515.5

5013.0

4
11
18
25

64.8
64.0
63.7
65.4

32.3
32.7
32.9
31.7

2
9 P
16 P

64.5
64.1
64.3

39.9
30.9
33.3

WEEK EMDItfG:

1985-NOV.

DEC

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

TERM BPS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND *£TAIL fiPS. INCLUDES
A RELATIVELY SHALL ABOUMT OP OVERNIGHT RPS AT THRIFT INSTITUTIONS.
TEBH 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 DEPOSITOR! INSTITUTIONS AND HONEY HARKET MUTUAL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITIES OF L£SS THAN 12 MONTHS HELD dY OTHER THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, MONEY MARKET MUTUAL FUNDS, AND FOREIGN ENTITIES.
WST OF BANKERS ACCEPTANCES HELD bY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, TttE tfEDEKAL
.HOME LOAN BANK SYSTEM AND HONEY MARKET MUTUAL 1t\lHDSm
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPEH HiSLO BY HONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING 4ND-0P-H0NTH LbVZLS 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

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

IRA and Keogh Accounts

total demand
deposits and
note and
FR balances

time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

money
market
mutual funds

total

1984-MO?.
DBC.

8.8
8.6

2.1
2,0

9.4
9.6

2.8
3.4

3.2
3.4

7.5
9.1

13.6
16.0

1.1
1.0

43.2
43. d

57.7
59.0

6.5
6.9

1U7.J
109.7

1 9 8 5 - JAM.
PBB.
HAE.

8.5
8.3
7.5

1.9
2.1
1.8

9.2
8.9
8.7

3.7
3.1

4.0
4.3
3.8

14.9
12.7

1.1
1.1
1.0

45. J

9.2

22.5
20.1
16.6

47.0
48. d

61.4
6 J.I
65.4

7.4
7.7
7.9

114.0
117.9
122.1

APR.
HAY
JO MB

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

11.5
17.8
11.4

22.0
27.6
17.7

1.0
1.0
1.0

53.6
55.1
55.9

6*.2
70.5
71.8

8.6

6.7
2.8

8.6
8.4

131.2
134.2
136.1

JOLT
AOG.
SBPT.

7.9
7.*
7.9

1.8
1.9
2.0

8.3
8.2
8.2

3.1
2.8
3.4

4.0
3.0
4.3

20.0
10.6
13.4

27.0
16.4
21.1

1.0
1.1
1.1

56.7
51.4
*7.8

73.7
75.2
76.4

8.5
8.3

138.8
140.9
142.5

7.9
7.8

1.8
2.1

8.4
8.5

3.0

3.1
2.8

2.4
4.9

8.5

1.1
1.1

56.2
56.7

77.3e
77. 8a

8.6a
8.8a

144.1a
145.3a

7.8
7-8
7.9
7.8

1.8
2.1
2.1
1.9

8.4
8.6
8.6
8.5

3.0

11
18
25

1.9
5.1
3.0

2.7

2.5
S.2
3.2
2.8

4.4

9.6
9.8

2
9 P
16 P

7.7
7.5
8.5

2.4
1.8
1.8

8.2
8.4
8.4

J.2
J.O
4.5

2.2
2.7
3.3

10.0

15.4

2.9
1.4

8.6
9.2

OCT.
MOW.
MEBK

3.6

3.0

10.7

BMDIMG:

1985
MOV.

DEC.

4




2.7
3.4

7.4

11.1

1.1
1.1
1.1
I.I
1.2
1.2
1.2

8.4

SPECIAL SUPPLEMENTARY TABLE

Monthly Survey of Selected Deposits and Other Accounts
At All Insured Commercial Banks and All Mutual Savings Banks1
Octcber 30, 1985 and November 27, 1985
(not seasonally adjusted)
I n sured Commercial Banks

Liability Categories
October 36
"Super WOW" accounts2
(standard error of the estimate)
Money market deposit accounts3
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)

41,639
(829)
326,993

November 27
43,524
(879)
330,361

October 30

Noveaber 27

6.02

6.04

11,865

11,825

6.76

6.75

12,911

12,869

October 30

November 27

5,172
(354)

5,182
(390)

6.94

6.91

8,340

8,455

32 to 91 days
(standard error of the estimate)

19,754
(826)

20,313
(850)

7.14

7.14

12,749

12,744

92 to 182 days
(standard error of the estimate)

149,484
(2,277)

149,264
(2,164)

7.65

7.60

13,537

13,490

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

66,973
(1,238)

65,973
(1,677)

7.96

7.90

12,819

12,777

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

81,000
(1,739)

80,784
(1.722)

8.46

8.40

13,073

13,010

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

113,735
(1,773)

114,786
(1.816)

9.05

8.96

12,906

12,961

All IRA/Reogh Flan deposits 5
(standard error of the estimate)

58,501
(508)

58,878
(494)

(N.A.)

13,155

13,108

Retail repurchase agreements6
(standard error of the estimate)

1,390

1,353
(301)

6.91

2,823

3,017

Liability Categories

(230)

(N.A.)
6.79

State-C lartered Mutual Savings Banti s
Average Rate Paid (X)
Amount Outstanding ($mil)
Number of Issuing Banks
November 27
November 27
October 30
Sctober'iO
October 30
November 27

"Super WOW" accounts 2
(standard error of the estimate)

1,219
(2)

1,257
(2)

6.35

6.34

212

212

Money market deposit accounts3
(standard error of the estimate)

30,023
(87)

30,113
(86)

7.00

6.98

341

341

212
(32)

219
(34)

6.67

6.59

128

128

32 to 91 days
(standard error of the estimate)

1,046
(67)

1,034
(65)

7.18

7.12

292

292

92 to 182 days
(standard error of the estimate)

21,372
(160)

21,297
(62)

7.83

7.84

339

339

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

12,517
(394)

12,517
(334)

8.38

8.33

334

334

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

11,614
(398)

11,946
(154)

8.81

8.76

333

333

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

19,181
(202)

19,184
(205)

9.42

9.35

349

349

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

10,112
(236)

10,220
(242)

(N.A.)

(N.A.)

345

345

Retail repurchase agreements*
(standard error of the estimate)

74
(48)

72
(52)

6.73

31

28

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)

6.76

l ! Estimates are based on'deta collected by the Federal Reserve from a strstlfled random sample of about 550 banks
and 75 mutual savings banks.
2. "Super WOW" 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 all funds deposited are eligible
to earn aore than 5.25 percent.
3. Money market deposit sccounts (MMItts)—Depos 1 ts with a $1,000 Initial 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 f a l l s below $1,000 during which period the NOW account rate celling 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 snd Keogh Plan deposits.
5. All IRA/Keogh Plan time deposits regardless of sire, type of instrument in which held, or Interest rate paid.
6. Retail repurchase agreements are in denominations of less thsn $100,000 with maturities of less than 90 days
that arise from the trsnsfer of direct obligations of, or obligations fully-guaranteed as to principal and Interest
by, the U.S. Government or an agency thereof.