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

FEBRUARY 27,

Billions of dollars
M1

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

Date

1985—JAN,
FEB.

M3

M2

M2 plus
M1 plus overnight RPs
large time deposits,
and Eurodollars,
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

562.9
569.3
572.2
575.7
582.5
590.9
596.2
604.8
611.5
614.1
620.0
626.5

2399.8
2421.8
2429.4
2434.4
2452.0
2479.0
2496.0
2515.2
2529.2
2537.9
2549.7
2563.9

3013.4
3033.7
3046.6
3052.1
3070.2
3098.5
3113.6
3132.2
3152.5
3163.8
3175.7
3191.2

1986 — J A N .

627.0

2566.1

3211.2

1985—JAN.
FEB.
MAR.
APR.

568.4
558.7
565.0
581.7
576.5
592.7
599.6
602.0
609.1
612. 1
621.6
639.8

2407.3
2415.3
2430.9
2443.1
2444.1
2480.7
2501.0
2510.8
2520.7
2533.2
2548.0
2572.0

3019.9
3026.4
3046.9
3058.2
3064.2
3098.5
3111.1
3128.1
3146.0
3160.8
3179.1
3203.8

633.3

2574.8

3218.9

HAR.
APR.
HAY

JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

L

Debt

M3 plus other
liquid assets"

Debt of domestic
nonfinancial sectors'

3557.6
3588.8
3612.7
3618.6
3636.8
3665.2
3683.9
3712.8
3742.7
3760.4
3794.5

5992.6
6048.2
6103.8
6165.4
6228.6
6290.8
6356.0
6419.6
6479.1
6542.8
6628.5
6741.3

3562.7
3581.9
3616.1
3626.2
3625.1
3665.4
3683.9
3711.4
3739.0
3758.8
3796.7

5985.9
6027.6
6075.8
6136.9
6201.4
6266.9
6334.2
6400.2
t>4b3,7
6529.1
6616.0
6737.3

Not stasomaHy adjusted

HAY

JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC

1986 — J A N .

M1

For period ended
13-week average

1986-JAN.

6

NOTE:

week average

13-week average

Not seasonally adjusted
4-week average

week average

27

621.3
622.4
623-3
624.2

627.8
627.9
627.7
627.6

629.7
626. 1
627.2
627.5

627.4
629.6
630.9
631.9

645.3
647.0
644.8
637.7

662.4
643.3
631.5
613.7

3
10 P
17 P

624.9
626.0
627.0

626.4
627.7
628.5

624.8
631.2
630.6

631.7
631.9
631.6

626.1
621.3
618.2

616.0
623.9
619.2

13
20

FEB.

Seasonally adjusted
4-week average

SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING WEEK-TO-MEBK CHANGES III HOIBT SUPPLY DATA, WHICH ARE
HIGHLY VOLATILE AND SUBJECT TO REVISION.
P—INDICATES PRELIMINARY DATA.
FOOTNOTES APPEAR ON THE FOLLOWING PAGE




H.6 (508)
Table 2

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

M1
3 MONTHS PBOH OCT.

1985 TO JAM. 1986

6 MONTHS PROB JULY

1985 TO JIM.

12 HOMTHS FROM JAM.

M2

M3

Debt1

8.4

4. 4

6.0

16.<?

1986

10.3

5.6

6.3

U.i

1985 TO JAM. 1986

11.4

6.9

6.6

13. 7

THIRTEEN WEEKS ENDING FEB. 17, 1986
PROH THIBTBEM WEEKS BMOIMG:

1/

1/

2/

3/

*/
5/




MO¥.

18, 1985 (13 HBBKS PBB7IOUS)

9.2

AOG.

19, 1985 (26 WBEKS PREVIOUS)

10.9

PBB.

18, 1985 (52 HBBKS PREFIOUS)

11.7

GBO8TH BATES POB DEBT ABB BASBD OM PERIODS BEGINNING AND ENDING OVE BOMTfl BABLIBB THAN POB TUB MONETARY AGGBBGATBS,
MABBLI, SEPTEMBER 1985 TO DECBUBKB 1985, JUNE 1985 TO DECBflBBB 1985, AND DECEMBER 1984 TO ;>EC EMBER 19tt5, BESPBCTIfELI.
FOOTMOTBS TO TABLE 1
COMSISTS OP (1) CUBBBNCY OUTSIDE THE TREASURY, PEDEBAL BESEBVB BANKS, AMD THE VAULTS OP COMMERCIAL BANKS;
(2) TBAVBLBRS CHECKS OP MOMBAMK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BAMKS OTHER THAN THOSE DOB TO
DOMESTIC BAMKS, THE U.S. G07EBNHBNT, AND F0BEI3M BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PBOCBSS
OP COLLBCTIOM AND PBDBBAL BESBBVE FLOAT; AND (4) OTHBB CHBCKABLB DBPOSITS (OCD) CONSISTING OP IIGOTIABLB OBDEft
OP WITHDRAWAL (NOH) AND AUTOMATIC TRAMSPBB SBBVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CREDIT UMIOM SHABB DBAFT ACCOUNTS AND DBHAHD DBPOSITS AT THBIPT INSTITUTIONS. THE COBBBNCI AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OP YAULT CASH AND DEMAND DBPOSITS, RESPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SBBVICE THEIB OCD LIABILITIES.
COMSISTS OF 81 PLUS OYEBNIGHT (AND CONTINUING CONTRACT) BPS ISSUBD BY ALL COMMERCIAL BAMKS AMD OVERNIGHT EURODOLLABS
ISSUBD TO U.S. BBSIDBNTS BY FOREIGN BRANCHES (IP U.S. BAMKS UOBLDUIDB, HHDAS, SAVINGS AMD SHALL DENOMINATION
TINE DBPOSITS (TIME DBPOSITS—INCLUDING RETAIL B P S - I N AMOUNTS OF LESS THAN 5100,000), AND BALANCES IN BOTH
TAXABLE AMD TAX-EXEMPT GENERAL PURPOSE AND BROKBB/DBALBB MONEY MARKET MUTUAL FUMDS. EXCLUDES IBA AMD KBOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND MONET MARKET FUMDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMERCIAL
BAMKS, HOMEY HARKBT FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FOBBIGN GOVERNMENTS AMD COMMERCIAL BAMKS, AMD
THB U.S. GDIERMMBMT. ALSO SUBTRACTED IS A CONSOLIDATION ADJOSTHENT THAT REPRESENTS THB ESTIMATED AMOUNT
OF DEMAND DBPOSITS AMD VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIB TIME AMD SAVIMGS DEPOSITS.
COMSISTS OP H2 PLUS LABGB DENOHINATION TIME DBPOSITS (IN AMOUNTS OF $100,000 OB HORB) AND TERM BP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TEBH EURODOLLARS HELD BY U.S. RESIDENTS AT FOBBIGM BRANCHES OF U.S. BAMKS
HOBLDHIDB AMD AT ALL BAMKIMG OFFICES IN THB UNITED KINGDOM AND CANADA, AMD BALANCES IM BOTH TAXABLB AMD TAX-EXEMPT
IMSTirUTION-OMLT HOBBY HABKBT MUTUAL PUNDS. EXCLUDES AHOUMTS HELD BY DEPOSITOBY INSTITUTIONS, TUB U.S. GOVERNMENT, HOME!
MARKET PUNDS, AND FOBBIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT 1BPBBSEMTS
THB BSTIHATBD AMOUNT OF OVBBNIGHT RPS AND BUBOOOLLARS HBLD BY INSTITUTION-ONLY HOMBY MARKET HUTUAL FUMDS.
CONSISTS OF S3 PLUS THE MOMBAMK PUBLIC HOLDINGS OP U.S. SAVINGS BOMDS, SHORT-TERM TBBASUBY SBCOBIXIBS, COMMERCIAL
PAPER AMD BANKBBS ACCEPTANCES, NET OP HONEY HABKBT MUTUAL PUND HOLDINGS OP THESB ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CBEDIT MARKET DEBT OF THB UNITED STATES GOVERNMENT,
STATE AMD LOCAL GOVERNMENTS AND PRIVATE MONPINANCIAL SECTORS. PRIVATE DEBT CONSISTS OP CORPORATE BONOS, MORTGAGES,
CONSUMES CBBOIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COHMERCIAL PAPER, BANKERS ACCEPTANCES AND OTHBB DBBT
INSTRUMENTS. THE DATA ABE DERIVED PROM THE FEDERAL RESERVE BOAHD'S PLOW OP PUNDS ACCOUNTS. ALL DATA OM DEBT OF DOHBSTIC
MOMFINANCIAL SECTORS ARE PRESENTED IN MONTH-AVERAGE FORM, DERIVED BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS. THB
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT HAY ARISE IN THK UNDERLYING PLOW OP FUNDS STATISTICS.
THE PRESENTATION OP DEBT DATA IN THIS RELEASE DIPPERS, THEREFORE, FROM THE QUARTERLY PLOW OF fUVUS STATISTICS CONTAINED
IN THE PEDEBAL BESERVE RELEASES Z.7 AND 2. 1. IN THOSE RELEASES, PUBLISHED LEVELS or CBEDIT MARKET DBBT ABB MEASURED ON
A UOARIBB-BMD BASIS AND INCLUDE DISCONTINUITIES.

»3

COMPONENTS OF THE MONEY STOCK
Wiltons of dollars, asaaonatty adjustad

wctlons
Dais

Cwfancy'

Tiawlsrs
chscks

Dsmand
deposits'

Omar
cnackabta
dspoafts4

In Mi

I
at

8avfnosdapoat ,r
at
total

iuwimHTlnt

banks

Sslactad nuntranaactlcma Itsms
8m, M tints dapoitits'
at
at
total
commercial
Institutions
banks

Lan aHms dapoiMts'
at
ttwm
total
banks'* matnuttons
at

1985-JAN.
FEB.
MAR.

159.6
160.7
161.3

5.3
5.3
5.4

249.0
251.2
251.4

149-0
152.2
154.1

1836.9
1852.5
1857.2

613.6
611.9
617.2

121.8
121.6
121.1

167.7
168.4
168.7

289.4
289.9
289.7

386.3
385.0
385.2

501.1

500.2
499.7

887.4
885.2
885.0

263.1
263.8
268.2

152.6
153.1
152.7

415.6
416.9
421.0

APR.
MAY
JUNE

161.9
163.2
164.4

5.5
5.5
5.7

251.8
255.4
259.0

156.5
158.4
161.8

1858.7
1869.5
1888.1

617.7
618.2
619.5

120.3
121.2
122.1

168.7
169.6
171.5

289.0
290.8
293.6

387.1
387.7
387.6

500.5
501.8
502.6

887.6
889.5
890.3

272.3
269.3
267.3

153.6
155.7
155.4

425.9
425.0
422.7

JULY
AUG.
SEPT.

165.3
166.9
167.7

5.8
5.9
5.9

260.4
263.1
266.4

164.8
169.0
171.5

1899.8
1910.4
1917.8

617.5
617.0
623.2

122.9
123.7
124.0

173.8
176.0
176.3

296.7
299.7
300.3

386.7
383.4
382.7

501.3
497.5
495.6

888.0
880.9
878.3

264.0
268.0
272.4

154.3
154.1
155.1

418.3
422.1
427.4

OCT.
NOV.
DEC.

168.7
169.8
170.6

5.9
5.9
5.9

266.0
267.8
271.5

173.6
176.6
178.5

1923.8
1929.6
1937.4

625.9 i 124.4
124.8
626.0
124.4
627.2

177.9
179.0
179.1

302.3
303.7
303.6

382.0
382.2
384.1

493.7
493.7
496.2

875.7
876.0
880.3

274.3
276.7
279. 1

155.9
156.2
157.3

430.2
432.9
436.4

1986-JAN.

171.9

5.9

268.8

180.4

1939.0

645.2

124.7

179.3

304.0

386.5

498.1

884.6

289.8

158.2

447.9

WEEK ENDING
1986
JAN.

PEB.

13
20
27

171.3
171.8
172.3
172.4

272.9
268.2
268.3
268.0

179.6
180.2
180.7
181.2

124.6
124.8
124.7
124.8

385.8
386.2
386.4
387.0

286.1
288.7
290.2
291.6

3
10 P
17 P

172.2
172.8
173.0

266.7
269.4
268.2

179.9
183.1
183.5

124.7
124.9
124.9

387.5
387.7
387.7

293.3
292.7
291.7

6

1/

i

i

CORRENCT OUTSIDE THE D.S. TREASURY, FEDERAL RESERVE BANKS AND VAULTS OF COMMERCIAL BANKS. EICLODES THE ESTIMATED
AHOUNT OF VAULT CASH HELD BY THBIPT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
2/ OUTSTANDING AHOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BI DEPOSITOR!
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
3/ DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEHS IN THE PROCESS OF COLLECTION AND FEDERkL RESERVE FLOAT.
EXCLUDES THE ESTIMATED AHOUNT OF DEHAND DEPOSITS HELD AT COHHERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
4/ CONSISTS OF NOH AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND
DEHAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED BQUkLS THE DIFFERENCE BETWEEN THE
SEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEHAND DEPOSITS. INCLUDED ARE ALL CEILING
FREE "SUPER NOWS," AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEREGULATION COMMITTEE TO BE OFFERED BEGINNING JANUARY 5,
1983.
5/ SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER),
HMDAS, AND SAVINGS AND SMALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF
DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS LIABILITIES.
6/ SUM OF LARGE TIME DEPOSITS, TERM RPS AND TERM EURODOLLARS OF U.S. RESIDENTS, nOHEI MARKET FUMD BALANCES (INSTITUTIONONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIHATED AHOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY
INSTITUTION-ONLY MONEY MARKET FUNDS.
7/ SAVINGS DEPOSITS EXCLUDE HHDAS.
8/ SHALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL RPS-- 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 SHALL
TIME DEPOSITS.
9/ LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
10/ LAKGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BI HOMEY MARKET MUTUAL FU9DS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (508)
Table 4

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

Date

1/
2/
3/

savings bonds

short-tern
secur

Non-M3 components of L
bankers acceptances2

commercial paper3

Debt components4
federal debt
non-federal debt

1984-DEC.

74.3

266.0

43.6

161.8

1JO7.4

4559.6

1985-JAN.
FEB.
HAR.

74.5
74.9
75.3

266.7
270.4
274.8

43.3
45.0
46.3

159.6
164.8
169.8

1344.9
1399.4
1409.3

4t>07.8
4648.8
4694.5

APE.
MAY
JUNE

75.7
76.1
76.5

276.0
277.4
282.b

45.9
44.5
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
78.0

280.3
279.2
283.2

42.2
42.2
42.5

171.1
182.0
186.6

1478.5
1496.1
1505.6

4877.5
4923.5
4973.5

OCT.
NOV.
DEC P

76.5
79.0

282.6
299.8

43.9
43.1

191.7
196.8

1516.6
1S48.3
1586.3

5026.2
5080.3
5155.0

.1
CONSISTS OP U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BY OTUEfi THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BASKS, HONEY NARKiST MUTUAL FUNDS AND FOftEIGH ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOHE LOAN BANK SYSTEM AND HONEY HARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OP-NONTH 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
Nontransactiorn components

Other checkable deposits
Date

Currency1

Travelers
checks2

Demand
deposits3

at commercial
banks4

at thrift
institutions*

total

in M2*

in M3 only 7

Overnight
RPs1

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

1985-JA8.
FBBBAfi.

158.3
158.5
159.8

4.9
5.0
5.1

254.8
244.6
245.9

108.3
107.7
109.9

42.2
42.8
44.4

150.5
150.6
154.2

1838.8
1856.5
1865.9

612.6
611.1
616.0

46.1
51.2
50.9

14.2
13.3
12.4

171.9
175.1
177.6

APR.
BAY
JUNE

161.1
163.1
165.1

5.2
5.4
5.9

254.6
251.0
259.4

114.1
110.5
113.8

46.7
46.5
48.4

160.8
157.0
162.2

1861.3
1867.6
1888.0

615.1
620.2
617.8

45.8
48.5
48.1

12.0
12.8
12.7

176.2
172.2
175.4

JULY
AUG.
SEPT.

166.8
167.7
167.6

6.5
6.6
6.2

261.8
260.4
265.0

115.0
117.0
119.0

49.5
50.3
51.3

164.5
167.3
170.3

1901.4
1908.8
1911.6

610.1
617.3
625.2

48.3
49.3
49.9

12.4
14.2
13.9

175.8
176.8
176.7

OCT.
NOV.
DEC

168.4
170.7
173.1

5.9
5.6
5.5

265.6
269.0
281.3

119.7
122.5
125.7

52.5
53.8
54.4

172.2
176.3
180.0

1921.2
1926.4
1932.2

627.5
631.1
631.8

49.9
51.2
51.6

14.2
13.8
16.7

177.0
176.5
175.8

1986-JAN.

170.5

5.5

275.0

128.0

54.3

182.3

1941.5

644.1

48.3

18.9

176.9

SEEK ENDING •
1986-JAN.

PBB.

1/
2/
3/

4/

5/

6/
1/

8/
9/

6
13
20
27

172.4
171.4
170.6
169.0

297.7
280.7
272.6
261.9

130.7
130.7
128.4
124.7

56. 1
55. 1
54.3
52.6

186.8
185.8
182.7
177.3

•9.2
47.3
46.3
50.1

21.7
19.4
17.7
18.3

172.1
175.7
178.3
179.6

3
10 P
17 P

169.2
171.4
171.2

262.7
263.8
261.9

125.0
128.0
126.4

53.6
55. 1
54. 1

178.6
183. 1
180.5

49.3
48.5
50.1

17.0
15.4
16.5

179.2
179.8
180.1

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND THB VAULTS OP
BANKS. EXCLUDES THE
AHOUMT OP VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBABK ISSUERS. TBAVBLBBS CHECKS ISSUED BY DBPOSITOBY
INSTITUTIONS ABB INCLUDED IN DEMAND DEPOSITS.
DEBAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DUB TO DOMESTIC BANKS, THB U.S. GOVERNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND P.R. FLOAT, LESS THB ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COHMEHCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THBIB OCD LIABILITIES.
CONSISTS OF MOW AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES Of POBEIGB BARKS, ABD EDGE ACT
CORPORATIONS. INCLUDES SUPER HOWS OP $46.9 BILLION IN THB VEBK SVDB9 PBBBOAB Y 3, $47.9 BILLION IN THB 0KBK ENDED
FEBRUARY
10, AND $47.6 BILLION IN THE VEBK ENDED FEBRUARY 17.
CONSISTS OP NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT 0BTOB SflABB
DRAPT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOWS OF $19.0 BILLION IN THB MEEK EWDED FEBRUARY 3,
$19.5 BILLION IN THB WEEK ENDED FEBRUARY 10, AND $19.2 BILLION IN THB VEEK ENDED FEBRUABY 17.
SUM OF OVERNIGHT RPS ABD EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALBB), HHDAS AND SAVINGS
AND SHALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OP DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUB OP LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET FUND BALANCBS (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OP OVERNIGHT BPS AND EURODOLLARS HELD BY INSTITUTION-ONLY
HONEY MARKET MUTUAL PUNDS.
CONSISTS OF OVBBNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
BONEY MARKET BUTUAL PUNDS (GENERAL PUBPOSE AMD BROKER/DEALER).
ISSUED BY FOREIGN BRANCHES OP U.S. BANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORT INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BHOKER/DEALER).




H.6 (508)
Table 5-continued

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

Date

Money market deposit accounts
at
at
total
thrift
commercial
institutions
banks

Savings deposits _
at
at
commercial
thrift
banks
institutions

_
total

Small denomination time deposits2
at
at
total
thrift
commercial
banks
institutions

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

1985-JAN.
FEB.
HAB.

280.5
289.4
294.1

155.2
161.0
166.1

435.7
450.5
460.2

121.1

120.4
120.6

167.3
167.7
169.2

288.4
288.2
289.8

386.3
384.1
383.7

504.0
501.7
498.7

890.3
805.8
882.4

262.2
263. 1
268.9

153.5
154.2
152.6

415.7
417.3
421.5

API*.
HAY
JONB

295.9
298.4
307.5

166.6
168.0
170.6

462.5
466.4
478.1

121.0
121.8
123.2

169.7
170.4
172.2

290.6
292.2
295.4

383.8
385.2
386.5

498.0
498.2
499.9

881.8
883.5
886.3

269.2
268.5
265.5

152.7
155.1
154.9

421.9
423.6
420.4

juj-y
AUG.
SEPT.

313.2
317.9
321.3

174.0
177.3
178.5

487.2
495.2
499.8

124.4
124.0
123.7

174.6
174.9
175.4

298.9
298.9
299.1

386.5
385.3
385.1

500.6
497. 1
495.4

8B7. 1
882.5
880.5

263.0
268.6
274.4

153.1
153.9
155.1

416. 1
422. c
429-'

OCT.
NOV.
DSC.

324.4
329,3
332-5

179.8
180.3
179.6

504.2
509.6
512.1

124.6
124.3
123.5

178.3
179.0
178.3

302.9
303.3
301.9

384.8
384.2
384.8

496.5
496.4
497.7

881.3
880.6
882.5

276.7
278.2
280.9

156.2
157.0
157.8

433. 0
435.
438, '

1986-JAN.

336.8

179.1

515.8

123.9

178.8

302.7

386.5

501.3

887.3

288. #

159.0

447.?

WEEK ENDING
1986
JAW.

FEB.

13
20
27

337.0
337.7
337.1
336.2

124.4
124.3

3
10 P
17 P

335.6
336.6
336.7

6

123.4

386.1
386.4
386.6
386.6

288. 1
288.1
288.2
289.Q

123.3
123.7
123.6

386.7
386.9
386.6

290.5
290.9
290.5

123.3

.
1/
2/
3/

_ .

SAVINGS DEPOSITS EXCLUDE KHDAS.
SHALL DEHOHINATIGK TIHB DEPOSITS — IUCLUUIHG B&TZkLL BBS — ABE THOSE ISSUED IN AHOONTS Ok' LESS THAN $100,000. ILL
INDIflDUAL SKTIBEifSIT ACCOUNTS (IBA) AND KEOGii ACCOUNTS AT COSHEBCIAL BANKS AND TflBIFTS ABE SUBTRACTED FBOH SHALL
TIHE DEPOSITS.
LARGE DENOMINATION TIKE DEPOSITS ABE TUOSE ISSUSD IM AHOUNTS OF $100,000 OB HOBB, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LABGE DENOHIN&TIOIf TIHE DEPOSITS AT COHHEBCIAL 4ANKS LESS THOSE HELD BY HONET HABKET H0T0A1. PUHDS, DEPOSITOBI
INSTITUTIONS AND TQ9B1G* BANKS AND OFFICIAL INSTITUTIONS.




H.6 (508)
Table 5-continued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollar*, not MMorwIly «dju«t»d
Term RPs1
Date

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

lerm
Eurodollars2

Savings
bonds

Non M3 Components of L
Short-term
Bankers
treasury
acceptances4
securities9

Component* of Debt
Commercial
paperf

Federal debt*

Non-Federal*
debt

198 5 - J A N .
FBB.
MAR.

65.0
62.2
59.5

29.7
29.9
30.7

29.2
28.6
27.9

58.9
58.5
58.6

81.1
81.3
84.7

74.6
74.9
75.3

266.8
271.6
280.8

44.1

44.8
45.3

157.3
164.2
167.7

1383.1
1397.4
1412.0

4602.8
4630.2
4663.8

APB.
HAT
JOVE

59.6
63.5
67.1

32.5
31.1
31.3

27.2
26.4
25.6

59.7
57.5
56.9

81.0
81.8
79.9

75.6
76.1
76.5

278.4
272.1
280.2

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
SEPT.

65.0
63.6
62.3

29.8
30.3
30.7

25.7
26.5
27.3

55.4
56.8
58.0

79.4
80.2
80.0

76.6
77.1
78.0

281.0
282.3
284.0

42.0
42.0
43.2

173.1
181.0
187.9

1475.8
1495.8
1506.9

4858.4
4904.4
4956.8

OCT.
HO?.
DEC.

63.3
64.5
64.5

30.0
31.1
31.5

27.7e
27.7e
27.7e

57.7c
58. 8e
59. 2e

78.9
79.0
76.3

78.5
79.0

282.3
296.0

43.8
43.3

193.4
199.1

1515.6
1544.2
1583.7

5013.6
5071.9
5153.5

1986-JAN.

66.7

33. Q

27. 7e

60. 7e

74.9

6
13
20
27

64.5
67.5
66.7
67.4

31.2
32.9
33.6
33.3

3
10 P
17 P

67.7
67.1
66.5

34.3
35.1
35.6

AUG.

JfESK ENDING:
19S6-JAN.

FEB.

1/

TERM EPS ABE THOSE WITH ORIGINAL MATURITIES GREATER THAH OIE DAI, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS. INCLUDES
A RELATIVELY SHALL AMOUNT OP OVERNIGHT RPS AT THRIFT INSTITUTIONS.
2/ TERR EURODOLLARS ARE THOSE VITH ORIGINAL MATURITIES GREATER THAN ONE DAT. 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 DEPOSITORY INSTITUTIONS AND HONEY MARKET MUTUAL FUNDS.
3/ CONSISTS OF U.S. TREASURY BILLS AND COUPONS HITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BY OTHER THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, HONEY MARKET MUTUAL FUNDS, AND FOREIGN ENTITIES.
4/ NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND HONEY MARKET MUTUAL FUNDS.
5/ TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY HONEY HARKET HUTUAL FUNDS.
6/ DEBT DATA ARE ON A MONTHLY AVEBAGE BASIS, DERIVED BY AVERAGING EMD-OF-HONTH LEVELS OF ADJACENT HONTHS, AND HAVE BEEN
ADJUSTED TO REHOVE DISCONTINUITIES,
e = estimated



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

thrift
institutions

commercial
banks

money
market
mutual funds

total

f - —

1985-JAN*
FEB.
WAR-

9.0
8.7
7.8

1.9
2.1
1.9

9.0
8.8
8.6

3.7
3.1
3.6

4.0
4.3
3.8

14.9
12.7
9.2

22.5
20.1
16.6

1.4
1.3
11.2

45. J
47.0
48. 6

62.1
64.0
66.4

7.4
7.7
7.9

APB.
HAY
JUWfi

7.7
8.0
8.0

1.9
2,1
2.0

8.4
8.3
8.3

3.9
3.1
3.4

6.6
6.7
2.9

11.5
17.8
11.4

22.0
27.6
17.7

11.1
1.2
1.2

53.5
55.1
55. 9

70.4
71.9
7J.4

8.6
8.6
8.4

132.5
135.6
137.7

JULY
AUG.
SEPT.

8.1
7.8
8.1

1.9
2.0
2.1

8.3
7.1
6.4

3.1
2.8
3.4

4.0

3.0
4.3

20.0
10. t>
13.4

27.0
16.4
21.1

1.2
1.3
1.3

56.7
57.4
57.8

75.3
76.8
7*.1

8.5
8.4
8.3

140.4
142.6
144.3

OCT.
HOV.
DSC.

8.2
8.1
8.5

1.9
2.1
1.9

7,9
8.4
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

1.3
1.3
1.4

58.2
58.7
59.2

79.0
79.5
0O.9e

8.4
8. 7e
9. 1e

145.7
146.9e
149-1e

1986-JAH.

8.8

2.0

8.0

3.6

10.5

20.5

34.5

1.3

60.7

83.4ft

9.4»

153. $«

6
13
20
27

9.9
8.1
8.6
9.4

2.1
2.0
2.0
1.9

8.2
8.1
8.0
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

1.4
1.3
1.3
1.3

3
10 P
17 P

7.8
7.9
7.8

2.2
1.8
1.7

7.8
7.8
7.8

3.J
3.4
3.4

15.6
7.2
5.8

23.4
21.0
20.3

42.3
31.6
29.4

1.4
1.4
1.4

WEEK EHDIH6:
1986
JAM.

F2B.

-

e = estimated



114.7
118.7
123.2

SPECIAL SUPPLEMENTARY TABL?
Monthly Survey of Selected Deposits and Other Accounts
At All Insured Commercial Banks and All Mutual Savings Banks 1
December 25, 1985 and January 29, 1986
(not seasonally adjusted)
Liability Categories
NOW accounts 2 *
Money market deposit accounts 3 *
Interest-bearing tine deposits with
balances of less than $100,000
with original maturities of:*
7 to 31 day8
(standard error of the estimate)

Amount Outstanding ($mil) Average Rate Paid (S)
December 25
December 25
January 29
January 29
44,545
(848)
332,914

114,830
(736)
335,624

Number of Issuing Banks
December 25
January 29

5.99

5.75

11,797

13,626

6.71

6.73

12,838

12,809

5,318
(359)

5,040
(378)

6.85

6.82

8,432

8,131

32 to 01 days
(standard error of the estimate)

20,966
(981)

21,692
(590)

7.16

7.14

12,620

12,643

92 to 182 days
(standard error of the estimate)

147,777
(2,187)

146,200
(2,231)

7.50

7.49

13,459

13,432

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

66,131
(1,642)

67,046
(1,628)

7.77

7.78

12,712

12,976

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

81,172
(1,723)

82,468
(1,731)

8.24

8.23

12,978

12,949

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

115,355
(1,818)

117,809
(1,891)

8.73

8.65

12,945

12,840

All IRA/Keogh Plan deposits5
(standard error of the estimate)

59,352
(517)

61,783
(540)

(N.A.)

(N.A.)

13,076

13,045

Retail repurchase agreements"
(standard error of the estimate)

1,294
(217)

1,168
(191)

6.77

6.74

2,992

2,899

Liability Categories

State-Chartered Mutuiil Savings Banks
Amount Outstanding ($mil)
Average Rate Paid (Z)
Number of Issuing Banks
January 29
December 25
Janaury 29
January 29
December 25
December 25

"Super NOW" accounts2*
(standard error of the estimate)

1,288
(3)

3,335
(6)

6.22

5.89

212

211

Money market deposit accounts3*
(standard error of the estimate)

29,983
(84)

29,777
(84)

6.91

6.96

341

339

211
(32)

196
(31)

6.43

6.58

120

114

32 to 91 days
(standard error of the estimate)

1,029
(63)

966
(62)

7.08

7.06

292

289

92 to 182 days
(standard error of the estimate)

21,183
(136)

20,777
(484)

7.74

7.72

339

337

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

12,539
(339)

12,894
(307)

8.21

8.21

334

332

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

12,006
(167)

12,378
(97)

8.63

8.55

333

330

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

19,406
(168)

19,922
(214)

9.13

9.03

349

347

All IRA and Keogh Plan deposits5
(standard error of the estimate)

10,263
(237)

10,476
(211)

(N.A.)

(N.A.)

345

343

Retail repurchase agreements6
(standard error of the estimate)

63
(48)

75
(48)

6.72

6.66

28

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)

N.A. - Data not available.
1. Estimates are based on data collected by the Federal Reserve from a stratified random sample of about 550 banks
and 75 mutual savings banks.
2. As of January 1, 1986 interest rate ceilings were removed from all NOW accounts. Beginning with the January 1986
data the NOW account category includes all NOW accounts, including those accounts which were subject to a 5.25 percent regulatory interest rate restriction prior to January 1, 1986.
3. Money market deposit accounts (MMDAs)—Deposits with 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 eligibility, or
limitations on the amount of interest that may be paid; 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 and Keogh Plan deposits.
5. All IRA/Keogh Plan time deposits regardless of size, type of instrument in which held, or interest rate paid.
6. Retail repurchase agreements are in denominations of less than $100,000 with maturities of less than 90 days
that arise from the transfer of direct obligations of, or obligations fully-guaranteed as to principal and interest
by, the U.S. Government or an agency thereof.
* As of January 1, 1986 the $1,000 minimum balance requirement on Super NOW and MMDA accounts was removed.