Full text of H.6 Money Stock Measures : April 2, 1987
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 deta are scheduled for release each Thursday at 4:30 p.m. H.6 (506) Table 1 MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES APHIL Billions of dollars M1 Sum of currency, travelers checks, demand deposits and other checkable deposits1 Date M2 M3 M1 plus overnight RPs M2 plus large time deposits. and Eurodollars, MMMF balances (gen. pur. term RPs, term Eurodollars and institution-only and broker/dealer), MMDAs, and savings and small MMMF balances3 2 time deposits Seasonally adjusted 632.2 640.5 648.2 6i>9.6 bt»7. 5 676.6 687.0 693.1 701.4 712.4 730.5 2582.4 25*8.9 2623.9 2647.4 26o7.6 2693.8 2718.4 2736.3 2760.7 2775.4 2799.8 3^42.8 3264.4 3293,2 3314.9 3338.4 3368.5 339t>.2 3420.7 3441.2 34b9.b 3489.2 1987—JAN. Jr'LB. 737.6 737.2 2822.0 2821.3 3516.1 3520.0 198b—PE3. flAfi. APR. flAY JUNE JULY AUG. SEPT. OCX. NOV. 620.0 631.3 653.9 652.5 669.8 680.4 665.2 691.3 096*. 9 715.5 746.6 2572.6 2594.5 2631.4 2638.0 2668.7 2700.4 2715.8 2728.8 2757.1 2777.6 281J.3 744.3 723.1 2832.2 2809.4 1 9 8 6 — Jr'Eo. A A a. APR. ttAY JUhs. JUi.Y AUG. S£P1. OcT. NOV. Di.C L Debt M3 plus other liquid assets4 Debt of domestic nonfinancial sectors' 3880.2 3894.9 3920.0 3951.9 3972.5 3998.9 4027.1 4055.9 4081.8 4108.2 4141.1 6910.8 6963.5 7023.9 7095.8 7167.5 7235.5 7315.7 7392.8 7453.7 7^30.0 7626.6 4173.4 7711. 1 3234.1 3262.6 32 99.8 3306.6 3336.4 3368.7 3391.7 3415.0 3437.7 3463.8 3504.4 Z873.3 3899.6 3927.0 3937.7 3971.2 3999.5 4023.9 4049.9 4076.2 4111.0 4154.5 6901.6 6940.0 6996-6 7063.6 7132.4 7200.5 7284.9 7370.5 7436.2 7514.4 7619.5 3526.8 3510.3 4184.7 7705.3 ; \ ! : | j Not seasonally adjusted DEC 1987—JAN. FEB. M1 For period ended 13-week average 1987-FEB. BAR. NOTE: Seasonally adjusted 4-week average 13-week average Not seasonally adjusted 4-week average week average 2 9 16 23 727.7 729.8 731.8 733.8 733.4 733.6 735.1 736.9 737.0 734.8 736.9 738. d 736.2 737.2 737.6 738.6 734.8 727.9 723.8 723.4 721-8 730.4 723.4 71S.0 2 9 1t> P 23 P 735.0 736.3 737.3 737.9 737.2 738.3 739.1 739.7 738.3 739.3 740.0 741.0 738.2 738.1 737.7 735.9 723.1 724.4 72to.3 727.5 720.6 735.5 731.2 722.8 SPECIAL CAUTION SHOULD BE. TAKEN IN INTERPRETING hIGHLY VOLATIL* AND SUbJrXT TO REVISION. if—INDICATES PitELIfllNAKY DATA. FOG'INOTfcS APPEAR ON TUE POLLOdLXG PAGE WEEK-TO-WEEK CHANGES IN II ONE I SOPPLI DATA, IHICH ARE H.6 (506) Table 2 MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES Percent change at seasonally adjusted annual rates M1 M2 M3 Debt 1 3 MONTHS FROM MOV. 1 9 8 6 1 0 FEtt. 1987 13-9 6.6 7.0 13.$ 6 MOUTHS FROM AUG. 1 9 8 6 TO F£ti. 1987 14.6 7.6 7.3 13.1 12 SOUTHS FROM FEB. 1 9 8 6 TO FEB. 1987 16.6 9.3 8.* 12.2 THIRTEEN KEEKS BUVIUG MAR. 2 3 , 1987 FROM THIRTEEN iBEKS ENDING: 1/ 1/ 2/ 3/ 5/ PREVIOUS) 15.2 WEEKS PREVIOUS) 15.9 ( 5 2 WEEKS PREVIOUS) 16.6 DEC. 22, 19S6 ( 1 3 U4EKS SEP. 22, 1986 (26 MAR. 24, 1986 GROUTH HATES *OR DEBT ARE BASED ON PERIODS iiEuIUNINo AND ENDING ONE MONTH EARLIER THAN FOR SUE MONET AJU AGGREGATES, NAMELY, OCTOBER 1986 TO JANUARY 1987. JULI 1986 tO JANUARY 1967, AND JANUARY 1986 TO JANUARX 1987, RESPECTIVELY. FOOTNOTES TO TABLE 1 CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, tBDB&AL RESERVE BANKS, AND XUE VAULTS OF COMMERCIAL BANKS; (2) TRAVELERS CHECKS OF NONBANK ISSUERS; (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 1TBBS II THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE OBDBB OF MITHDRAUAL (NOD) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS- THE CURBBUC1 AMD DEMAND DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES. CONSISTS OF M1 PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS ISSUED TO U.H. BES1DEUTS BY FOREIGN BRANCHES OF U.S. BANKS WORLDRIDE, MMDAS, SAVINGS AID SMALL DENOMINATION TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL RPS—IN AMOUNTS OF LESS THAN $100,000), AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER HONEY MARKET MU1UAL FUNDS. EXCLUDES IRA AID KEOGH BALANCES AT DEPOSITORY INSTITUTIONS AMD MONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMERCIAL BANKS, MONEY MARKET FOBDS (GBH&kkL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AID COMMERCIAL BANKS, AND THE O.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAI REPRESENTS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE TREXR TIME AID SAVINGS DEPOSITS. CONSISTS OF H2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OR MORE) AID TERM RP LIABILITIES ISSUED BY COMMERCIAL BANKS AND THKIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BLANCHES OF U.S. BANKS UOHLDHIDE AND AT ALL BANKING OFFICES 1H THE UNITED KLMGDQA AID CAIADA, AND BALANCES II BOTH TAXABLE AND TAX-EXEMPT INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS. EXCLUDE AMOUNTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, MONEY HAUKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPAESftNTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY HONEY MARKET MUTUAL FUUDS. CONSISTS OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL PAPER AND BANKERS ACCEPTANCES, NET 01 MONEY MARKET MUTUAL FUND HOLDINGS QP THESE ASSETS. DJtaT OF DOMESTIC NONirlNANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT, STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS, PRIVATE OEiiT CONSISTS OF CORPORATE BONOS, MORTGAGES, CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPER, BANKERS ACCEPTANCES AID OTHER DEBT INSTRUMENTS. THE DATA ARE DERIVED FROM THE FUtiBBkL RESERVE BOARD'S FLOW OF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC NONFINAMCIAL SECTORS ARE PRESENTED LH MONTH-AVERAGE FORM, O&BIVBD BY AVERAGING MONTH-SID LBTfBLS OF ADJACENT MONTHS. THESE 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 HRLEAS& UltF&HS, THEREFORE, FROM THE QUARTERLY FLOH OF FUNDS STATISTICS CONTAINED IN THE FEDERAL RESERVE RELEASES Z.7 AND Z.I. IN THOSE BBIBASBS, PUBLISHED LBMBLS OF CREDIT MARKET DEBT ARE MEASURED ON A gUAR'l£R-END BASIS AND INCLUDE DISCONTINUITIES. H.6(S06) 13 COMPONENTS OF THE MONEY STOCK Wmiom of ctoWra, •—onaMy aojmfcd 1 Othsr Otto Cuntncy* Dsmand oaposHs' ohocks* tiltctod nontiansacttona Warns ! ooniponsnts 111 Ml * osposhV I SmoJI thus deposits1 at at oonwpiofcial tin ift total banks tavtnps daposhV at thrift total banks Lawn llms dsyuaHs" at oonwnsfcia! banks* at thrift total 1986-FKfl. JfAfi. 172.7 173.8 6.0 6.1 270.3 274.6 186.0 1950.3 1958.4 660.4 1 125.0 125.0 665.5 179.8 180.8 304.8 306.6 386.7 387.4 503.2 504.6 669.8 692.0 294.8 292-7 152.6 155.9 447.6 %46.5 APfi. HAY JUNE 174.4 175.8 176.7 6.1 6.1 277.7 262.2 285.0 189.9 195.5 199.6 1975.7 1987.8 2000.0 669.3 127.2 667.5 129.5 670.6 I 131.5 183.9 187.3 190.2 311.1 316.8 321.6 387.1 384.1 361.5 506.0 503.9 501.5 693.1 866.0 293.5 289.9 289.4 157.7 157.7 156.2 451.3 447.6 447.5 JULY AUG. SEPT. 177.6 179.0 179.7 6.3 6.4 288.2 291.2 292.2 204.5 210.4 214.7 2017.2 2031.4 2043.2 674.7 677.7 664.4 134.0 137.5 141.1 193.3 197.2 200.3 327.4 334.6 341.4 380.0 377.0 374.1 500.9 499. * 496.1 680.9 876.7 672.2 289.5 290.1 269.6 156.9 159.3 158.7 1148.3 449.4 446.5 OCT. NOV. DEC. 181.2 182.4 183.5 6.4 6.4 6.4 293.4 297.8 308.3 220.4 225.9 232.3 2059.3 2063.0 2069.3 680.5 684. 1 669.4 145.8 150.2 154.5 204.6 208.3 211.7 350.4 358.5 366.2 370.0 365.9 364.7 494.7 491.3 468.5 864.7 657. 1 653.3 286.3 290.0 291.9 157.4 155.9 155.1 445.7 445.9 447.0 1987-JAI. FiSB. 186.0 167.2 6.5 6.7 305.1 300.7 240.0 242.7 2084.4 694.0 698.7 159.6 164.4 216.9 222.9 376.7 367.2 364.7 362.5 486.% 484.7 651.3 847.2 295.8 295.9 153.6 152. Q 449.6 447.9 302.1 300.1 300.3 301.0 241.6 241.3 243.0 243.6 161.6 163.2 164.4 165.1 363.9 363.0 362.7 362.1 • 294.2 300.5 300.1 299.0 243.4 244.7 246.4 246.6 165.9 167.1 167.8 361.6 361.1 360.5 360.0 296.8 297.2 298.3 299.1 6.2 183.1 2084.) WEEK ENDING 1987 FEB. 2 9 16 23 NAB. V 2/ 3/ 4/ 2 9 16 P 23 P • 186.8 186.6 186.9 187.5 187.5 187.7 187.9 188.1 299.5 oa J * S I D E ™ B - S - * * B * S ™ 1 ' **t>**kL 1SSSBYI BAIKS AID fAOLTS OF COHHEBCIAL BAMS. ABOOVT OF fABLT CASH HSLD BI TBWFT IWSTITOTIOMS IC SJSHfICK THBXB OCO LIABILITIES. KICLQDES THE ESTIBATXD S S S S L ^ S ' L S S ^ ^ ^ ^ CHECKS OF HOEBA.K ISSUEBS. ttlfMLEUS CflBCIS ISSUED Bl DEPOSItO** A FOfi£IGI "° ^W-ATED I»STITUTIOIS OTHEB THAI THOSE DOE TO DOflBSTIC BAIKS, TIE «.S. 6OIEBB°mclkL I»STITaiIOIS LESS CASH ITB8S II THE PBOCESS OF COLLECTION AMD tKDKiAL RMSBift FiOAT. *T OF DB5AMD DEPOSITS HELD AT COMEHCIAL BAIKS BI THRIFT IffSTITUTIOIS TO SESYICE THEIt OCD JU. AfilJUL T I B S . "«IT0TIO«S. CHBDIT OHIO. SH1EB DBAFT BALAICBS AID 5/ AiD AID O f M i I 6 B T ?. WBODOLLOS. HOIBI BABKBT POID BALAICES (6EIBBAL P01 POSE AID M O I l t / D B A L B f i ) , AID SflALL TIHE DEPOSITS, LESS THE COISOLIDATIOI ADJOSTUIT THAT BEPBESEITS TOE BSSIflATBD ABOOIS OW l!E!£Ckll 6/ SO* Of 7/ 8/ SAflHGS DEPOSITS HBlD B I T H i I A ,H "D ™ •AUn°F0IDSMZ " ^ cSTlIi H "a IIIST « 0 « 0l i! IS S » SBHIICB tmtB TIME AID SAFINS I M 0 D 0 M i B P " - S B i T S StSSi?nS? 5I!«f2J!J IIIB DEP05ITSAT X " A B °°iTS °F l 1 0 0 ' M ( l 0E B0BB ' "CLODIIG THOSE BOOKED AT COHBEHC1AL BAIKS L&SS THOSE HELD BI BOIBI HABKBT HUTOAL FOIDS, DEPOSITOR! IMSTITUTIOMS AMD FOBEIGM BAMKS AID OFFICIAL INSTITUTIONS. Di^sItlllUlflll^ ° ' » • * • «BSIDBBTS. HOIEI HABKET FUID BALAICBS (IISTITOTIOITHB ^ " " A T E D ABQOIT OF OfEBIIGHT BPS AID B0BODOLLABS HELD BI B1CL0DE HHDAS. T1BE DBP0SITS — I » C L O D I I G BETAIL BPS— ABB TIOSE ISSUED I I AHOOITS OF LESS THAI S 1 0 0 # 0 0 0 . ALL T 4CCO0HTS C I 1 I ) A B D KE0GU ACC0W)ITS * * COHBERCIAL BAIIS AID THBIFIS ABE S OB TR AC TED FHoi SHALL 9/ 10/ 294.4 296.7 296.5 H.6 (508) Table 4 COMPONENTS OF LIQUID ASSETS AND DEBT Billions of dollars, seasonally adjusted Date 3/ 4/ commercial paper9 Debt components4 federal debt non-federal debt 302. 9 30^-7 MAR. 42.4 42.5 41.4 209.5 208.6 208.8 1607.9 162L0 1628.5 5266.6 5297.8 5335.0 61.9 82-7 63.5 298.3 30J.8 296.2 40.6 39.6 39.3 206.1 210.7 212.6 1641.5 MAY JUNE 1691.9 5362.4 5%30.8 5475.6 JULY AUG. SEPT. 84.3 85.3 86.4 292.5 288.7 288.0 39.0 37.3 36.9 214.5 219.7 223.9 1712.6 1725.1 1741.6 5522.9 5590.6 5651.2 OCT. NOV. DEC. 87.7 69.8 91.7 266.9 292.4 ^92.4 37.7 36.0 37.5 228.4 228.4 230.2 1755.5 1777.7 1805.7 5696.2 5752.4 5821.Q 92.7 287.2 37.8 239.7 1987-JAN. 2/ Non-M3 components of L bankers acceptances3 short-term treasury securities1 79.9 80.5 81.2 1966-JAN. 1/ savings bonds P 5893.4 CONSISTS OF U.S. TREASURY QILLS AND COUPONS WITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BX OTHER THAN DEPOSITORS INSTITUTIONS, FEDERAL RESERVE BANKS, MONEY MARKET MUTUAL FUNDS AND FOREIGN ENTITIES. NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDEBkL HOME LOAN BANK SYSTEM AND MON4Y MARKET MUTUAL FUNDS. TOTAL COMMERCIAL PAPEix LESS COMMERCIAL PAPER UrlLD BY MONEY MARKET MUTUAL FUHDS^ Dbbi: DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-HOHTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN ADJUSTED TO REMOVE DISCONTINUITIES. Table5 COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT Billions of dollars, not seasonally adjusted Nontransactions components Other checkable deposits Date Currency1 Demand deposits3 Travelers checks2 at commercial banks4 at thrift institutions5 in M2* total in M3 only7 Overnight RPs1 Overnight Eurodollars* General purpose and broker/dealer money market funds 1986-FEB. MAR. 170.5 172.2 5.6 5.8 262.6 267.7 127.0 129.5 54.3 56.1 181.3 185.6 1952.6 1963.2 661.5 668.1 52.3 51.0 16.1 16.4 181.0 186.2 APR. RAY JUIE 173.6 175.7 177.4 5.6 5.9 6.5 279.5 277.4 286.2 135.1 133.1 136.9 59.9 60.3 62.8 195.0 193.5 199.7 1977.5 1985.5 1998.9 668.4 660.6 667.7 50.7 51.4 49.7 17.5 17.6 16.6 191.4 193.2 197.3 JULY AUG. SEPT. 179.1 179.9 179.5 7.2 7.3 6.9 290.5 289.4 291.3 139.3 143.0 146.9 64.3 65.6 66.6 203.6 208.6 213.5 2020.1 2030.6 2037.6 668.3 675.9 686.2 54.6 57.6 55.5 17.2 17.1 17.3 199.7 200.5 202.2 OCT. HOY. DEC 180.9 183.2 186.2 6.5 6.1 6.0 29 J- 0 300.1 319.5 150.4 155.7 162.8 68.1 70.3 72.2 218.5 226.0 235.0 2058.2 2062.2 2066.7 680.6 686.2 691.1 58.1 57.9 58.3 19.4 18.8 19.0 206.9 207.1 207.6 198 7-JAIL FEB. 184.6 184.8 6.0 6.2 J11.9 291.9 169.7 167.5 73.0 72.6 242.8 240.1 2087.9 2086.3 694.6 700.9 61.$ 60.2 22.3 19.7 209.0 210.8 60.3 59.8 59.1 61.2 22.3 19.3 18.6 20.7 208.9 210.6 211.3 211.0 60.7 59.3 58.6 56.0 19.5 18.7 18.3 19.4 211.1 212.2 212.6 211.9 REEK EHDIEG: 1987-FEB. HAS. 2 9 16 23 183.2 185.7 185.6 184.2 295.6 295.8 291.5 288.9 165.3 169.0 167.4 167.0 71.6 73.7 72.8 71.7 236.9 242.8 240.2 238.6 2 9 16 P 23 P 184.2 186.9 186.5 186.0 290.2 294.7 292.6 287.1 167.5 171.8 170.6 169.6 72.5 75.6 75.1 73.8 239.9 247.5 245.7 243.4 I i 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ CUBRBHCI OUTSIDE THE 0 . $ . TBBASU1I, FEDERAL BBSXBfB BAMS AID f I S fA0LTS OF COHHEECIAL BAHKS. . EXCLUDES M l ESTIBATBD AHO0MT OF fA0LT CASH HELD BX TH1IFT IBSTITOTIOBS TO SSfiFICB THBIB OCO L I A B I L I T I E S . OQTSTABDIBG AHOUMT OF 0 . $ . DOLLAR-DEMOHIMATED TEA¥ELIBS CHECKS OF MOMBAMK ISSOEBS. TBAfELERS CHECKS ISSOED B I DEPOSITOBI IBSTITUTIOBS ABE IBCLODED I B DEBABD DEPOSITS. D8BABD DEPOSITS AT COflflEHCIAL BABXS OTBBfi TBAB THOSE DOB TO DOBBSTIC BABKS, THE O . S . COfBBMHEBT AID 1OBBIGB BABKS ABD OFFICIAL IBSTITOTIOBS, LESS CASH ITBBS I B THE PROCESS OF COLLECTIOB ABD F . B . FLOAT, L*SS TAB ESTIMATED ABOOBT OF DSaUBD DEPOSITS HELD A I COftflEBCIAL BABKS B I TBBIFT IBSTITOTIOBS TO S B B f l C S THBIB OCD L I A B I L I T I E S . COBSISTS OF BOB ABD ATS BALABCSS AT COBHXBCIAL BAUKS, U . S . BBABCBES ABD A6BBCIES OF POBEICB BAMKS, AID BDGB ACT COBPORATIOMS. COBSISTS OF BOB ABD ATS BALABCBS AT SAflBGS ABD LOAJf ASSOCIATIOBS ABDflOff DAL S A f l B G S BABKS, CREDIT OaUOB SBAJtE DBAFT BALABCSS, ABD DEB ABD DEPOSITS AT THJLIFTS. SUH OF OfEBMIGHT ftPS ABD EURODOLLARS, H0B1I BARKET f OBD BALABCtS (CEIEBAL FOBPOSE ABD BfiOKEB/DEALBB), flflDAS ABD SAfIBCS ABD SHALL TIBE DEPOSITS LESS THE ESTIHATED AflOQBT OF DBBABD DEPOSITS ABD IA0LT CASH HELD B I THBIFT IBSTITOTIOBS TO SBHIICB THBIB TIHB ABD SAYIB6S DEPOSIT L I A B I L I T I E S . SOH OF LABGE TIHB DEPOSITS, TEBB RPS ABD BOBODOLLABS OF 0 , 5 . BESIDEBTS # HOBEl HABKST FOBD BALABCES (IBSTITOTIOB-OBLX), l&SS A COBSOLIDATIOB ADJUSTHSHT THAT BEPBESEBTS THE ESTIHATED ABOOBT OF OfEBMIGHT BPS ABD EOBODOLLARS HELD B I IBSTITOTIOB-OBLI HOIBX HABKBT HOTUAL FUBDS. LOBSISTS OF O7SRBIGHT AMD COBTIBOIBG COSTHACT BPS ISSOED B I COflflBBCIAL BABKS TO OTHBB THAB DEPOSITORI IBSTITOTIOBS ABD HOBBY HABKET HOTUAL FOBDS (GEMEBAL POBPOSE ABD BHOKBfi/DEALBft). ISSUED BX FOREIGN BfiAMCHES OF U . S . BANKS HOBLDUIDE TO U . S . BBSIDEBTS OTBEB THAI DEPOSITOR! IBSTITOTIOBS AMD HONEY HABKET HUTUAL FUMDS (GESERAL PURPOSE AMD itKOKBR/DEALBfi) . H.6(506) Table 5-continued COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT Billions of dollars, not seasonally adjusted Date at commercial banks thrift institutions at total Small denomination time deposits 2 Savings deposits Money market deposit accounts at commercial banks at thrift institutions Large denomination time deposits 3 at at at at total commercial banks thrift institutions total commercial banks4 thrift institutions total 1986-FEfi. BAB. 337.4 340.8 179.6 180.2 517.1 123.9 125.1 179.1 181.0 303.0 306.1 386.1 386.7 505.6 504.5 891.6 891.1 296.2 294.6 153.8 155. 9 450.1 521.0 APR. HAY JUNE 345- 4 349.2 356.0 180.7 182.4 185.1 526.1 531.6 541.0 127.2 129.9 132.* 184.2 187.8 191.2 311.5 317.7 323.6 384.8 382.4 381.0 504.2 500.3 498.5 889.0 882.7 879.5 290.8 288.6 286.7 156.8 157.5 167.6 447.7 446.0 4441.3 JULI AUG. SEPT. 359.8 364.3 368.9 186.9 189.3 169.9 546.6 553.6 558.8 135.4 137.6 141.0 194.7 195.6 198.6 330.1 333.2 339.6 380.4 378.5 375.9 500.5 498.9 497.4 880.9 877.5 873.J 286.7 289.9 291.2 158.1 159.3 159.1 444.8 449.2 450.3 OCT. MOV. DEC. 372.6 37b.9 379.0 191.9 192.7 192.3 564.4 568.7 571.3 146.4 150.J 153.9 204.8 209.0 211.7 351.1 359.3 365.5 371.3 366.6 364.4 496.1 492.9 489.6 867.3 859.5 854.0 289.5 290.8 293.4 157.8 156.0 154.7 447.3 446.8 448.1 1987-JAN. FEB. 381.7 378.5 192.4 192.2 574.2 570.7 159.2 162.8 217.2 222.0 376.4 384.7 364.4 362.1 489.7 487.1 854.1 849.2 297.0 298.0 154.1 152.8 451.1 450.8 SEEK ENDING 1987 FEB. 2 9 16 23 HAR. 2 9 16 P 23 P 1/ 2/ 3/ 4/ 378.4 379.0 378.1 378.6 160.4 161.9 162.8 163.3 363.2 362.7 362.3 361.6 295.8 296.5 298.8 298.7 378.2 378.9 378.8 377.6 164.0 165.8 166.7 167.6 361.3 360.8 360.2 359.7 299.2 299,9 300. 9 301.6 SAVINGS DEPOSITS EXCLUDE HHDAS. SHALL DENOMINATION TIHE DEPOSITS — INCLUDING RETAIL EPS — ARE THOSE ISSUED IN AflOUNTS OF LESS THAN $100,000. INDIVIDUAL RETIRSflENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COflHSRCIAL BANKS AND THRIFTS ARE SUBTRACTED FROJI SflALL TIHE DEPOSITS. LARGE DENOHINATION TIflE DEPOSITS ARE THOSE ISSUED IN AHOUNTS OF 5100,000 OR HORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL BANKING FACILITIES (IbFS). LARGE DENOMINATION TIflE DEPOSITS AT COHflERCIAL BANKS LESS THOSE HELD BI HONEY HARKET HUTUAL FUNDS, DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. 450.5 H.6(908) labfe 5-continued COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT Billions of dollars, not seasonally adjusted "hrm RPs1 Date Institution only money market funds at commercial banks at thrift institutions total term Eurodollars2 Savings bonds NonM3Coi nponents of L Short-term treasury Bankers acceptances 4 securities* Components of DsM Commercial paper* Federal debt* Non-Federal* debt 1986-FEB. HAB. 67.7 70.2 35.9 37.3 34.7 34.4 70.7 71.7 79.1 82.7 80.5 81.1 307.3 305.2 42.2 40.8 209.1 209.8 1621.0 1633.3 5280.6 530.6.8 APB. HAY JUNE 74.1 76.1 75.0 35.7 35.5 33.8 35.9 38.6 41.J 71.6 74.1 75.1 81.4 79.7 80.0 81.8 82.6 83.4 300.4 298.6 296.2 39.9 39.6 39.8 205.2 210.3 215.3 1644.6 1660.7 1678.9 5352-0 5402.9 5453.5 JOLT AUG. SEPT. 77.5 80.8 84.4 33.2 34.0 35.6 41.5 41.4 42.4 74.7 75.4 78.1 78.2 77.2 79.9 84.2 85.2 86.4 292.0 290.2 287.9 39. 2 37.9 37.4 215.3 219.0 223.1 1695.6 1713.3 1734.5 5504.9 5571.6 5636.0 OCT. NO?. DEC 84.5 84.4 84.1 34.3 36.9 34.9 43.9 45.7 47.3 78.2 82.6 82.2 76.6 78.4 83.2 87.8 89.9 91.9 284.0 291.3 292.2 38.0 38.0 37.4 228.7 227.9 228.7 1748.2 1770.1 1802.1 5688.0 5744.3 5817.4 1987-JAB. FEB. 84.0 84.7 33.3 34.3 47.6 49.1 80.9 83.$ 86.7 91.0 92.7 288.1 37.8 239.3 1816.9 5888.4 2 9 16 23 84.1 84.6 84.3 84.8 33.7 33.9 35.4 33.4 2 9 16 P 23 P b5.4 85.1 84.9 85.2 35.0 33.3 32.6 33.7 HEEK ENDING: 1987-FBB. HAH- 1/ TEBH EPS ABE THOSE BITfl ORIGINAL HATOil ITIBS GBEATEB THAU OHE DAI, BXCLUDING CONTINUING CONTBACTS AMD BETAIL EPS. XICLU0BS A BELATIVBLI SflALL AHOUNT OF O7BBMIGHT BPS AT THftlFT INSTITUTIONS. 2/ TBBfl EURODOLLARS ABE THOSE MTfl ORIGINAL MATURITIES GBEATEB THAU ONE DAI. CONSISTS OF THOSE ISSUED TO U.S. RESIDBITS BI FOEEIGH BRANCHES OF U.S. BANKS iOBLDUDE AND BY ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA. E1CLUDES THOSE HELD BX DEPOSITOBX INSTITUTIONS AND HOBBY HABKET MUTUAL FUNDS. 3/ CONSISTS OF U.S. TBSASUBI BILLS AND COUPONS VITH REHAIMING MATURITIES OF LESS THAN 12 HONTHS HELD BI OTHEB THAN DEPOSITORI INSTITUTIONS, FEDERAL BESBBfE BANKS, MONET HARKET HUTUAL FUMDS0 AND FOHEIGH ENTITIES. 4/ NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESSBfB BANKS, FOBSIGN OFFICIAL INSTITUTIONS, THE WEDEMkL HOHE LOAN BANK SISTEfl AND HONEI HARKET MUTUAL FUND2U 5/ TOTAL COHHEBCIAL PAPEB LESS COHHEBCIAL PAPER HELD BI HONEY HABKET HUTUAL FUNDS. 6/ DEBT DATA ARE ON A MONTHLY AVEBAGB BASIS, D&RHED BI ATBRAGING SND-OF-HONTH LEfELS OF ADJACENT HONTHS, AND HAVE BEEN ' ADJUSTED TO BEHOVE DISCONTINUITIES. H.6 0O8) Table 6 MEMORANDUM ITEMS Billions of dollars, not seasonally adjusted Demand deposits «t banks due ta U.S. government deposits Time and savings deposits due to foreign commercial banks and foreign official institutions demand deposits at commercial banks balances at Federal Reserve Banks note balances at commercial banks and thrift Institutions IRA and Keoigh Accounts total demand deposits and note and FR balances foreign commercial banks foreign official Institutions 1986-FSB. HA&. 8.3 1.8 1.7 6.1 5.3 3*3 3.4 7.5 3.4 21.0 12.4 3U7 APB. HAX JOUE 8.8 9.1 9.4 U8 1.7 1.7 4.9 4.7 4.4 4.3 3.0 3.5 3.7 4.8 2.9 13.6 18.7 12.6 2U* JOLY AUG. SEPT. 9.7 9.5 9.9 1.9 1.7 1.8 4.2 4.2 4.2 3.6 3.0 3.6 3.8 3.2 5.6 13.* 10.0 1.8 2.0 1.8 4.2 4.1 4.1 3.4 3.4 3.7 1.8 1.7 4.0 *•* 3.7 3*3 Date OCT. HO?, DEC ? 3 8 7 - JAM. FBE. 9.7 9*9 10.4 9.9 time and savings deposits at commercial banks HAR. 2 9 16 23 2 9 16 P 23 P e = estimated thrift institutions money market mutual funds total 1.4 1.5 64.0 65.2 83.7 87.6 8.7 9.0 156.4 161.8 1.6 1.6 8.7 68.7 70«2 70.6 92.2 93.7 94.7 9.8 26.5 19.0 10.1 10.1 170.7 174.0 175.4 14.6 20.6 14.2 23.8 1.7 1,7 1.8 71.0 71.3 71.5 S5.4 95.1 95.2 10.2 10.2 10.5 176.6 176.7 177.2 3*4 3.2 3.7 11.8 11.9 15.5 18.6 18.4 22.9 1.8 1.7 1.7 71.6 72.1 72.8 95.6 95.6 96.2 10.8 10.7 10.7 178.1 178. % 179.7 9.6 5.0 23* & 25.2 37.1 33.6 U6 1.6 73.4 74.0 97.3 9 a. 7e 10.8 10. 9e 181.5 183.6e 8.1 19.2 KEEK ENDING: 1987 FEB. commercial banks r 41.0 1.1 1.1 1.1 3.5 3.5 3.1 3.4 16.0 10.3 1.7 1.7 1.6 11.7 9.8 9.5 9.4 9.8 1.8 1.6 1.8 1.5 1.1 1.0 1.0 «1.0 3*2 3.5 5.1 3.0 3.3 3.6 3.3 2.8 10.3 9.5 9.9 4.8 3.8 4.6 26.2 25.4 25.0 26.5 45.7 33.7 31.8 34.5 1.6 1.6 1.6 11.6 23.2 14.6 29.7 21.7 16.9 24.3 1.6 1.6 1.7 1.6 8.5 18.4