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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