Full text of H.6 Money Stock Measures : February 6, 1986

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

FEDERAL RESERVE statistical release
These data are scheduled for release each Thursday at 4:30 p.m.

H.6 (508)
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

FEBJtUAKY.

6,

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

Date

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

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

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors'*

Seasonally adjusted

1984—DEC

558.5

2371.7

2995.0

3541.3

5927.0

1985--JAN.
FEB.
HAfi.
APB.
BAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC

562.7
569.4
572.1
574.9
581.6
591.2
595.8
605.9
611.9
611.1
617.9
624.7

2398.9
2421.0
2429.6
2427.7
2444.9
2472.9
2490.6
2514.0
2528.8
2533.0
2547.0
2563.6

3020.5
3041.0
3055.9
3056.9
3076.9
3104.5
3117.2
3142.6
3168.5
3178.3
3194.0
3213.1

3564.0
3595.5
3623.3
3625.9
3644.5
3675.1
3694.6
3732.9
3765.9
3780.3
3815.5

5992.6
6048.2
6103.8
6165.4
622*.6
6290.8
6356.0
6419.7
6479.2
6542.1
6626.0

Not seasonally adjusted

1984—DEC

570.4

2376.7

3002*2

3542.9

5921.2

1985—JAB.
FEB.
BAB.
APB.
HAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC

568.3
558.6
564.9
581.6
576.2
592.2
599.1
601.5
608.6
610.9
620.1
637.9

2404.2
2414.5
2429.9
2439.6
2441.0
2476.6
2496.6
2507.3
2517.4
2529.6
2544.9
2569.4

3024.3
3034. 3
3057.6
3068.8
3074.8
3107.2
3119.4
3137.5
3156.7
3172.8
3194.6
322U2

3568.9
3592.0
3629.5
3640.0
3639.4
3678.3
3696.5
3725.0
3753.8
3774.8
3816.2

5985.9
6027.6
6075.8
61J6.9
6201.4
6266.9
6334.2
640U.2
6463.8
652tt.4
6613.5

M1
For period ended
13-week average

1985-DEC

2
9
16
23
30

1986-JAN.

6
13

20 P
27 P

MUTE:

Seasonally adjusted
4-week average

week average

Not seasonally adjusted
4-week average

week average

613.9
614.7
615.6
617.0
617.7

619.4
621.8
623.3
624.9
624.5

626.4
623.2
622.5
627.6
624.5

613.9
615.1
616.7
619.8
622.6

620.7
624.7
628.0
634.0
637.1

627.4
635.5
634.9
638.1
640.0

619.0
620.4
621.3
622.6

625.9
626.0
625.5
626.6

629.1
622.6
625.9
628.6

625.9
628.1
629.4
630.4

643.6
645.4
643.5
636.7

661.2
642.4
630.4
612.9

SPECIAL CAUTION SHOULD BE TAKEN I S INTERPRETING
H1GHLT VOLATILE ADD SUBJECT TO R E V I S I O N .
P ~ I N D I C A T E S PRELIHINAR* DATA.
FOOTNOTES APPEAR ON THE IOLLONING PAGE




13-week average

HEEft-XO-UESK

CHANGES I N flONJtf SUPPLY

DATA,

HiilCH

1986

H.6 (508)
Table 2

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

M1

M2

M3

Debt1

8.4

5.5

5.6

12.9

6 MONTHS FROM J U N E

1985 T O D E C . 1985

11.3

7.3

7.0

12.8

12 MONTHS FROM DEC-

1984 1 0 D E C . 1985

11.9

8. 1

7.3

U.3

3 MONTHS FROM S E P T . 1985 T O DEC- 1985

THIRTEEN WEEKS ENDING JAM. 2 7 , 1986
FROM T H I R T E E N K E E K S ENDING:

1/

1/

2/

3/

5/




OCT.

2 8 , 1 9 8 5 (13 REEKS PREVIOUS)

8.7

JULY

2 9 , 1 9 8 5 (26 W E E K S PfiEVIOUS)

11.4

JAM.

2 8 , 1985 (52 BERKS

11.6

PREVIOUS)

GBOiTH BATES FOB DEBT ABE BASED ON PERIODS BEGINNING AMD E«DX«G OMB MQNTH EARLIER THAN FOR I ME MOM If LAI AGGREGATES,
NAMELY, AUGUST 1985 TO NOVEMBER 1985, HAY 1985 TO MOVEABEB 1985, A Mi) MQlfEHBEfi 1984 TO NOVEMBER 1985, RESPECTIVELY.
FOOTNOTES TO TABLE 1
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDEBAL RESERVE BANKS, AND THE VAULTS OF COMMERCIAL BANKS;
(2) TRAVELERS CHECKS OF MOMBANK ZSSU&SiS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IB SHE PROCESS
OF COLLECTION AND FEDEBAL RESJiRVB FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD> CONSISTING QF NEGOTIABLE ORDER
Of UITHDHANAL (NO8) AND AUTOMATIC TRANSFEfi SERVICE (ATS) ACCOUNTS AT DEPOSITOR INSZITUCIONS,
CBEDIT UNION SHARE DBAFT ACCOUNTS AMD DERkUD DEPOSITS AT THJ2IFT INSTITUTIONS. THE CU&B&aCI AND DEMAND
DEPOSIT COHPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEAAN& DEPOSITS, BESP*CTI¥MLX# SUtLD BY
THBIFT INSTITUTIONS TO SEBVICE THEIfi QCD LIABILITIES.
CONSISTS OF Ml PLUS OVEBNIGHT (AND CONTINUING CONTBACT) BBS ISSUED BY ALL COMMEBCIAL BANKS AND 0»BBMIGHT EUBODOLLABS
ISSUED TO U.S. BESIDialNTS BY FOBEIGN BRANCHES OF 0.S. BANKS NOBLDUXDE, MMDAS, SAVINGS AMD SHAJJ. DEMOAIBATIOM
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL EPS—IN AMOUNTS OF LJSSS THAN 1100,000) 0 AND BALANCES A* BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALBB MONEY MARKET MUTUAL FUNDS. EXCLUDES IRA AMD KBOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND MONEY MARKET FUUDS^ ALSO EXCLUDES ALL AkLlUCZS HELD BY U.S. COMMEBCIAL
BANKS, MONEY MARKET FUHDS (GENERAL PURPOSE AND BROKER/DEALER) , FQRBXGU GOVERNMENTS AND COAHJiBCIAL BANKS, AMD
THE U.S. GOVERNMENT. ALSO SUBTfiACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE EST1BATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SMV1CE THE1M TIME AND SAVINGS DEPOSITS.
CONSISTS OF B2 PLUS LARGE DENOMINATION TIME DEPOSITS ilU AMOUNTS OF $100,000 OR MORE) AND TKRM BP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN bBk*Cik&S OF U.S. BANKS
HORLDMIDE 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 <J.S. GOVERNMENT, MONEY
MARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT BEBBESMMTS
THE ESTIMATED AMOUNT OF OVERNIGHT BPS AND EUBODOLLABS HELD BY INSTITUTION-ONLY MONEY MARKET MUTUAL 4UMDSCONSISTS OF M3 PLUS THE NONflANK PUBLIC HOLDINGS OF IKS- SAVINGS BOUDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF MONEY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINAMCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE BONDS, M4R3GAGES,
CONSUMER CREDIT (INCLUDING BANK LOAMS), OTHER BANK LOAMS, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ABE DERIVED FBOM THE FEDERAL BESEBVE bOABD«S FLOU OF FUNDS ACCOUNTS. ALL DAXA OU DEBT OF DOMESTIC
MON9INANCIAL SECTORS ABE PRESENTED IN MONTH-AVE&AGE FOBM, DEhlVED BY AVEBAGIMG MONTH-END LEVELS OF ADJACENT MQNTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO BEHOVE STATJ^AICAL DISCONTINUITIES THAT MAY ABISE IN THE UNDERLYING FLOW QF FOUDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS BELEASE D1FFEBS, TttEfilfOKii, FROM THE UUARTERLY FLUU OF tUMUS STATISTICS CONTAINED IN
IN THE FEDB&AL RESERVE RELEASES Z. 7 AMD Z-1. IM THOSE R£L£AS££, PUBLISHED LEVELS OF CREDIT MABKET DEBT ARE MEASURED OM A
A UUABTER-EMD BASIS AND INCLUDE DISCONTINUITIES.

H.6(50B)
1abl«3

COMPONENTS OF THE MONEY STOCK
Billions of dollars, saasonally adjusts*

*' « sacttons
Data

1984-DEC.

1

Currency

158.7

Tfswatsm
ohaeka*

5.2

Osmand
daposlts'

Othsr
cnsckabta
daposlts4

248.6

146.0

riomran
CQHKE

lnM2*

In MS
only*

1813.3

623.3

Sslsclsd

U rings

dapoa*
at
at
tnrlft
ootnmafclal
1
Institutions
banks
1

122.6

166.0

at
total
banks

mtlmadspoi•Its'
at
total
tnftft
Institutions

Lan a tints dapoiSHSV
at
at
tfwift
total
coownsrciat
10
Institutions
banks
416.2
264.4
151.6

288.6

387.0

496.6

885.6

497.2
495.6
495.8

681.9
677.6
676.6

262.3
264.4
269.4

154.6
154.9
154.2

416.9
419.3

U.b
121.4
120.J

166.9
168.0
168.4

288-6
269.4
268.6

J84.7
382.0
362.8

6^9.3
6J2.0
6J1.6

119.6
120. 4
1^1.9

168.J
166.9
170.2

287.8
289.3
292.1

387.6
390.0
390.7

497.8
50^.0
50 J . 4

685.3
892.0
894.^

273.0
272.1
267.7

154.4
156. 1
156.4

427.3
428.2
424. 1

1894.8
1908.1
1916.9

626.6
628.6
639.7

; 12J.2
124.2
124.6

172.8
176.1
177.1

296.0
300.3
301.7

388.4
384.1
382.6

500.1
494.3
491.6

888.5
676.4
874.4

265.7
267.6
272.9

154.2
153.7
155.7

420-0
421.4
42 8.6

1921.9
1929.2
19J6.9

645.3
64b.9
649.5

125. J
125.3
1^4.7

179.2
160.5
180.2

304.3
305.8
305.0

381.7
381.6
384.2

489.9
490. 1
494.1

671.6
871.7
878.J

277.2
280. 1
261.3

156. 1
157.6
159.7

433. J
437.7
44 1-0

198b-JAN.
FEB.
MAR.

159.4
1b0.5
161.3

5.3
5.J
5.4

249.1
251.7
^51.9

149.0
151.8
153.6

18J6-2
1851.6
1857.5

621-6
620.0
626.3

APH.
HAY
JUNE

161.7
16J.1
164.5

5.5
5.5
5.7

252.5
255.8
260.7

155.3
157.3
160.J

1852.7
1863.3
1861-7

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. J

OCT.
NOV.
DISC.

168.8
170.0
170.8

5.9
5.9
5.9

264.0
266.3
270.6

172.4
175.7
177.2

!

423.6

MEEK EMDIMG

1985
DEC.

2
9
16
23
30

170.6
170.7
170.8
170.9
171.0

272.9
269.6
269.2
272.7
270.4

177.0
177.1
176.6
178.1
177.3

125.1
124.9
124.7
124.5
124.6

382.7
384.0
384.5
384.7
383.8

280.6
281.6
281.6
280.6
280.9

6
13
20 P
27 P

171.%
171.2
172.1
172.0

273.6
266.4
267.3
269.9

178.4
179.2
180.8
180.9

124.8
124.5
124.3
124.2

385.4
385.3
385.0
385.1

287.9
289.2
289.8
290.0

19oS)

JAM.

1/
2/
3/

4/

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

CURRENCY OUTSIDE THE U.S. TREASUR!, FEDERAL BESEBVE BANKS AND VAULTS OF COflHBBCIAL BARKS. EXCLUDES THE ESTIMATED
AHOUNT OF 7AULT CASH HELD BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AHOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED B! DEPOSITOR!
INSTITUTIONS ARE INCLUDED IN DEHAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DUB TO DOMESTIC BANKS, THE U.S. GOVERNHENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT.
EXCLUDES THE ESTIMATED AHOUNT OF DBflAND DEPOSITS HELD AT COMMERCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
CONSISTS OF NO1 AND ATS BALANCES AT ALL DEPOSITOR! INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND
DEHAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALL! ADJUSTED EQUALS THE DIFFERENCE BETWEEN THE
SEASONALLY ADJUSTED SUM OF DEHAND DEPOSITS PLUS OCD AND SEASONALL! ADJUSTED DEMAND DEPOSITS. 1VCLUDEV ARE ALL CEILING
FREE "SUPER 1OWS," AUTHORIZED BY THE DEPOSITOR! INSTITUTIONS DEREGULATION COMMITTEE TO BE OFFERED BEGINNING JANUAR! 5,
1983.
SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, HONE! MABKET FUND BALANCES (GBNERAL PURPOSE AND BROKJBR/DEALBfl) ,•
HMDAS, AND SAVINGS AND SHALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF
DEHAND DEPOSITS AND VAULT CASH HELD BI THRIFT INSTITUTIONS TO SERVICE THEIR TIHE AND SAVINGS DEPOSITS LIABILITIES.
SUH OF LARGE TIHE DEPOSITS, TERH RPS AND TERM EURODOLLARS OF U.S. RESIDENTS, NONE! MARKET FUND BALANCES (INSTITUTIONONLY), LESS A CONSOLIDATION ADJUSTHENT THAT REPRESENTS THE ESTIMATED AHOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD B!
INSTITUTION-ONLY HONEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE HHDAS.
SHALL DENOMINATION TIHE DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN 5100,000. ALL
INDIVIDUAL RETIREHENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROH SHALL
TIME DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE I5SUED IN AHOUNTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LARGE DENOMINATION TIHE DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY MONEY MARKET MUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (506)
Table 4

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

Date

1/
2/
3/

savings bonds

Non-M3 components of L
bankers acceptances 2
short-term treasury
securities1

commercial paper3

Debt components*.
federal debt
non-federal debt

1984-NOY.
DEC.

73.9
74.1

2&8.0
267.2

43.4
43.2

157.6
161.8

134*7.6
1367.4

4503.1
4559.6

1985-JAN.

266.6
270.2
275.9

42.8

HAH.

74.4
74.9
75.3

159.6
164.8
169.8

1384.9
1399.4
1409.3

4607.8
4648.8
4694.5

A PH.
HAY
JUNE

75.8
76.2
76.6

278.2
277.9
286.5

46.1
44.8

42.8

168.9
168.6
164.7

1423.1
1441.4
1458.3

4742.3
4787.1
4832-5

JULY
AUG.
SEPT.

76.7
77.2
78.1

286.9
288.1
289.9

42.7
42.9
42.9

171.1
182.0
186.6

1478.5
1496.1
1505.6

48X7.5
4923.6
4973-&

OCT.
NOV.

78.5
78-9

288.2
303. 3

43.6
42.5

191.7
196.8

1516.6
1548.2

5025.5

44-6
46.4

5077.7

CONSISTS OF U.S. TBBASUBY BILLS AND COUPONS U1XU KEHAINING HATUBITIES OF LESS THAN 12 HONTHS HELD BX OTHER THAN DEPOSITOR*
INSTITUTIONS, FEDERAL RESEBVE BANKS, MONEY HARKET HUTUAL FUNDS AND FOBEIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, lEDX&kL BESEfiVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE F&D&RAL
UOHE LOAN BANK SYSTEH AND HONEY MARKET MUTUAL FUNDS.
TOTAL COHHBfiCIAL PAPER LESS COMMERCIAL PAPEH UJBLD BI HONEY MARKET HUTUAL FUNDS.
DEBT DATA ABE ON A HONTHLY AVEHAGE BASIS, DE£IV£D BY AVERAGING END-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEH
ADJUSTED TO BEHOVE DISCONTINUITIES.




H.6 (SOB)
Table 5

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

1

Currency

Demand
deposits9

Travelers
checks2

at commercial
banks4

at thrift
institutions9

Nontransactions components
total

inM2«

in M3 only

7

Overnight
RPs$

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

1984-DBC

160.9

4.9

257.4

105.9

41.3

147.2

1806.3

625.4

45.2

12.4

167.5

1985-JAN.
FfiB.
HAH.

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
627.7

48.7
56.3
55.7

14.2
13.3
12.4

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

1141.1
110.5
113.8

46.1
45.7
47.4

160.1
156.2
161.3

1858.0
1864.8
1884.4

629.3
633.8
630.6

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
265.4

115.0
117.1
119.0

48.5
49.3
50.3

163.5
166.4
169.3

1897.5
1905.8
1908.9

622.8
630.2
639.3

50.2
51.9
52.7

12.4
14.2
13.9

175-8
176.8
176-7

OCT.
NO?.
DEC

168.5
170.8
173.1

5.9
5.6
5.5

265.4
268.4
280.3

119.8
122.6
125.8

51.4
52.7
53.2

171.2
175.3
179.0

1918.7
1924.9
1931.5

643.1
649.6
651.8

52.9
55.0
56.2

14.2
13.8
16.7

177.0
176.5
175,8

SEEK ENDING:

1985-DBC

2
9
16
23
30

171.6
173.1
172.7
174.1
173.1

274.5
275.9
277.8
280.1
283.9

122.8
126.5
125.6
125.8
125.2

53.0
54.4
53.2
52.6
52.3

175.7
181.0
178.8
178.4
177.5

55.3
58.1
56.8
57.8
52.9

13.0
17.0
16.0
16.1
18.0

176-5
176.9
176-3
175.8
174-5

1986-JAH.

6
13
20 P
27 P

172.5
171.4
170.7
169.1

297.5
280.8
272.6
262.1

130.8
130.8
128.5
124.8

55.0
54.0
53.2
51.5

185.7
184.8
181.7 !
176.3

52.1
50.2
48.5
53.9

21.7
19.4
17.7
18.3

172.3
175.8
178.5
179.8

L

1/

CURRENCY OUTSIDE THE O.S. TREASURY, FEDERAL RESERVE BANKS AND THE VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AHOUHT OF TAULT CASH HELD BT THRIFT INSTITUTIONS TO SERTICE THEIR OCD LIABILITIES.
2/ OUTSTANDING AHOUNT OF UmSm DOLLAR-DENOBINATBD TRAVELERS CHECKS Of NONBANK ISSUERS. TRAYELERS CHECKS ISSUED BY DEPOSITOR!
INSTITUTIONS ARE INCLUDED IN DEHAND DEPOSITS.
3/ DEBAND DEPOSITS AT COBHEBCIAL BANKS OTHER THAN THOSE DUE TO DOHBSTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEHS IN THE PROCESS OF COLLECTION AND F.R. FLOAT, LESS THE ESTIMATED AHOUNT OF DEflAND
DEPOSITS HELD AT COBHERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
4/ CONSISTS OF HOW AND ATS BALANCES AT COHflERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER NOHS OF $47.5 BILLION IN THE MEEK END JANUARY 13, $47.1 BILLION IN THE WEEK ENDED
JANUARY 20, AND $46. I> BILLION IN THE WEEK ENDED JANUARY 27.
5/ CONSISTS OF HOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND HUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DBHAND DEPOSITS AT THRIFTS. INCLUDES SUPER MOWS OF $19.2 BILLION IN THE WEEK EUDED JANUARY 13,
$18.9 BILLION IN THE WEEK ENDED JANUARY 20, AND $18.6 BILLION IN THE WEEK ENDED JANUARY 2/.
3 SUB OF OVERNIGHT RPS AND EURODOLLARS, HONEY flARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), HHDAS AND SAVINGS
AND SHALL TIHE DEPOSITS LESS THE ESTIMATED AflOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIHE AND SAVINGS DEPOSIT LIABILITIES.
1/ SOB OF LARGE TIflB DEPOSITS, TERB RPS AND EURODOLLARS OF U.S. RESIDENTS, BONEY MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTBENT THAT REPRESENTS THE £STINATED AHOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY
HONEY BARKET HUIOAL FUNDS.
8/ CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
BONEY BARKET BUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
9/ ISSUED BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
BONEY MARKET MUTUAL tUNDS (GENERAL PUKPOSE AND




Table S-continued

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

Money market deposit accounts

Small denomination time deposits2

Large denomination time deposits3

at

at

at

total

commercial
banks

thrift
institutions

total

commercial
banks4

thrift
institutions

total

164.9

286.3

387.6

499.4

887.0

265.9

151.1

416.9

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
88J.6
880.0

263.0
263.9
269.8

154.1
154.9
153.3

417.1
418.6
423.0

460.3
463.8
475.1

120.9
121.7
12J.2

169.3
170.1
172.6

290.2
291.8
295.8

383.9
385.2
386.4

495.6
495.5
496.7

879.4
880.8
883.1

270.4
270.0
267.2

153.4
156.1
156.0

423.8
426.0
423.2

171.1
174.3
175.5

484.1
492.1
496.7

124.3
124.0
123.7

175.1
175.5
176.0

299.4
299.5
299.7

386.4
385.3
385.1

497.5
494.0
492.3

tttfj.9
879.4
877.4

264.9
269.4
274.6

154.3
155.1
156.3

419.2
424.6
430.8

176.8
177.3
176.6

501.1
506.5
509.0

124.5
124.2
123.5

179.0
179.6
178.9

303.5
303.9
302.4

384.8
384.3
384.9

493.6
493.6
495.0

878.4
877.9
879.9

278.2
280.1
282.6

157.4
158.2
158.9

435.7
438.2
441.5

at

total

commercial
banks

thrift
institutions

147.9

415.1

121.4

280. «
289.3
294.0

153.2
159.0
163.9

433.7
448.3
457.9

APE.
MAY
JUNE

295.9
298.3
307.3

164.5
165.5
167.8

JOLI
AUG.
SEPT.

313.0
317.7
321.2

OCT.
MOV.
DEC.

324.3
329.2
332.4

at

commercial
banks

thrift
institutions

1984-DEC-

267.1

1985-JAN.
FSB.
BAR.

Date

1

at

at

at

WEEK ENDING

1985
DEC.

1986
JAN.

1/
2/
3/
4/

2
9
16
23
30

330.4
331.8
332.6
332.1
333.0

123.9
124.1
123.6
123.0
122.9

384.5
384.7
384.8
385.0
384.9

281.5
281.7
282.4
282.2
283.7

6
13
20 P
27 P

336.9
337.6
336.9
335.9

124.3
124.2
123.7
123.4

386.4
386.8
387.1
387.3

289.8
289.8
289.9
290.6

SAVINGS DEPOSITS EXCLUDE MHDAS.
SHALL DENOMINATION TIME DEPOSITS ~ INCLUDING RETAIL RPS — ABE THOSE ISSUED III AHOONTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AMD KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SHALL
TINE DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (1BFS).
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSK HELD BX MONET MARKET MUTUAL FUNDS, DEPOSITORY
INSTITUTIONS AND FOB£IGN BANKS AND OFFICIAL INSTITUTIONS.




K 6 (508)
Table 5-contlnued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Term RPi 1

Institution
Date

only money
market funds

at commercial
banks

at thrift
institutions

total

Term
Eurodollars*

Savings
bonds

Non M3 Components of L
Short-term
treasury
Bankers
acceptances 4
securities3

Components of Debt
Commercial
paper*

Federal debt 9

Non-Federal*
debt

1984-DBC

62.7

32.5

J7.3

69.7

83.2

74.4

264.7

44.8

156.9

1364.7

4556.4

1985-JA1I.
PSB.
SAB.

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
283.5

44.1
44.8
45.3

157.3
164.2
167.7

1383.1
1397.4
1412.0

4602.8
4630.2
4663.8

API.
HAT
JUKE

59.6
63.5
67.1

35.2
33.4
33.1

36.8
35.4
JJ.8

71.9
68.8
66.9

81.0
81.8
79.9

75.6
76.1
76.5

281.6
275.8
284.4

44.7
43.9
42.3

169.3
168.8
167.9

1427.1
1443.8
1457.9

4709.8
4757.6
4809.1

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
80.0

76.6
77.1
78.0

285.4
286.6
288.1

42.0
42.8
43.2

173.1
181.0
1*7.8

1475.8
1495.8
1506.9

4858.4
4904.4
4956.9

OCT.
SO?.
DEC.

63.3
64.5
64.5

31.8
33.6
34.4

38.8
40.7
42.0

70.6
74.3
76.4

78.9
79.0
76.4

78.5
79.0

286.3
300.1

43.8
4J.3

193.4
199.1

1515.5
1544.2

5012.9
5069.3

MEEK

BIDING:

1985-DEC

2
9
16
23
30

64.5
64.1
64.3
64.8
64.8

39.8
30.7
33.1
35.7
36.5

1986-JAN.

6
13
20 P
27 P

64.3
67.3
66.5
67.2

33.5
36.2
37.1
36.9

1/
2/
3/
4/
5/
o/

TERM aPS ABE THOSE WITH ORIGINAL HATOBITIES GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS KUD RETAIL HPS. INCLUDES
A RELATIVELY SHALL AHOUHT OP OVERNIGHT RPS AT THRIFT INSTITUTIONS.
TBBH EURODOLLARS ARE THOSE WITH ORIGINAL HATURITI£S GREATER THAN ONE DAY. CONSISTS OF THOSE ISSUED TO 0.S. RESIDENTS BY
FOREIGN BRANCHES OF U.S. BANKS fORLDtflDE AND BY ALL BANKING OFFICES IN THE UNITS*) KINGDOH AND CANADA. BICLUDES THOSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEY HARKET flUTUAL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AND COUPONS WITH fiiSHAINING AATURITIES OF LESS THAN 12 HONTtiS HELD BY OTH3R THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, HONEY HAtfKJST flUTUAL FUNDS, AND FOREIGN ENTITIES.
SET OF SA3KERS ACCEPTANCES HELD BY ACCEPTING UANKS, FEDERAL K&SERVZ BANKS, FOBBIGH OFFICIAL INSTITUTIONS, THE FFDERAL
HOME LOAN BANK SYSTEM AND HONEY HARKET MUTUAL FUNDS.
TOTAL COHHERCIAL PAPER LESS COHHEHCIAL PAPER HELD BY HONEY HARKET HUTUAL FUNDS.
DEBT DAl'A ARE ON A HONTHL* AVEKAG2 BASIS, DUkLVcU 31 AVERAGING END-OF-flONTH LEVELS OF ADJACENT HONTHS, AND HAVE BEEN
ADJUSTED TO KEHOVE 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

IRA and Keogh Accounts

U.S. government deposits
demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

note balances
at commercial
banks
and thrift
institutions

total demand
deposits and
note and
FR balances

time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

money
market
mutual funds

total

ia9.7

19 8 4 - D E C

8.6

2.0

9.6

3.4

3.4

9.1

16.0

1.0

43.8

59.0

6.9

1985-JAH.
FEB.
HAH.

8.5
8.3
7.5

1.9
2.1
1.8

9.2
8.9
8.7

3.7
3.1
3.6

4.0
4.3
3.8

14.9
12.7
9.2

22.5
20. 1
16.6

1.1
I.I
1.0

45.3
47.0
48.8

61.4
63.1
65.4

7.4
7.7
7.9

APK.
JUtfE

7.6
7.8
7.8

1.9
2.1
1.9

8.5
8.4
8.3

3.9
3.1
3.4

6.6
6.7
2.8

11.5
17.8
11.4

22.0
27.6
17.7

1.0
1.0
1.0

53.5
55.1
i>b-9

69.2
70.5
71.8

8.6
8.6
8.4

131.2
134.2
136.1

JULI
AUG.
SEPT.

7.9
7.6
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
i>7.4
57.8

73.7
75.2
76.4

8.5
8.4
8.3

138.8
140.9
142.5

OCT.
MOV.

7.9
7.8
8.2

1.8
Z.I
1.9

8-4
8.5
8.3

3.0
3.0
3.4

3.1
2.8
3.4

2.4
4.8
11.1

8.5
10.7
17.9

1.1
1.1
I.2

58.2
58.7
59.2

77.3
77.8
79. 1e

8.4
8.7e
9.1e

144.0
145.2e
147.3e

2
9
16
23
30

7.7
7.5
8.5
7.7
9.0

2.4
1.8
1.7
2.0
1.8

8.2
8-4
8.4
8.3
8.3

3.2
3.0
4.5
3.3
3.2

2.2
2.1
3.3
3.6
3.9

10.0
2.9
1.4
18.1
21.2

15.4
8.6
9.2
25.0
28.3

1.2
U2
1.2
1.2
1.2

6
13
20 P
27 P

9.6
7.8
8.4
9.1

2.1
1.9
2.0
1.9

8.3
8.2
8.1
7.9

3.8
2.9
3.9
3.8

5.5
5.0
10.3
17.4

20.1
15.0 .
21.7
23.3

29.4
23.0
35.9
44.5

1.1
1.1
1.1
1.1

NAY

DEC.
WEEK B I D I t G :
1985
DEC.

1986
JAN.

estimated




!

114.0
117.9
122. 1