Full text of H.6 Money Stock Measures : April 9, 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 data are scheduled for release each Thursday at 4:30 p.m.

H.6 (508)
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

APRIL

Billions of dollars
M1

M2

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

Date

198b—FEB.
MAfi.
APR.
HAY

JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.
1987 —JAN.
FEB.

M3

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

9, 1*87

L

Debt

M3 plus other
liquid assets'*

Debt of domestic
nonfinancial sectors'

632.2
640.5
648.2
659.6
667.5
676.6
687.0
693.1
701.4
7U.4
730.5

2562.4
2598.9
2623.9
2647.4
2667.6
2693.8
2718.4
2736.3
2760.7
2775.4
2799.8

3242.8
3264.4
3293.2
3314.*
3338.4
3366.5
3396.2
3420.7
3441.2
3459.5
3489.2

3880.2
3894.9
3920.0
3951.9
3972.5
3998.9
4027.1
4055.9
4081.8
4106.2
4141.1

691d.8
6963.5
7023.9
7095.6
7167.5
7235.6
7316.0
7J93.0
7^53.6
7528.7
7625.3

737.6
737.2

2822.0
2821.3

3516.1
3520.0

4173.4

7711.0

Not seasonally adjusted

DEC

620.0
631.3
653.9
652.5
669.6
660.4
6b5. 2
691.3
698.9
715.5
746.6

2572.6
2594.5
2631.4
2636.0
2668.7
2700.4
2715.8
2728.8
2757.1
2777.7
2613.3

3234.1
3262.6
3299.8
3306.6
3336.4
3368.7
3391.7
3415.0
3437.7
3463.8
3504.4

3873.3
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
7200.6
7285.2
7370.6
7436. 1
7512.9
7618. 1

1967—JAN.
FEB.

744.3
723.1

2832.2
2809-4

352b.8
3510.3

4184.7

7705.2

1986—FEB.
UAH.
A? 4 .
HAY

JUN£
JULY
AUG.
SEPT.
OCT.
NOV.

M1

For period ended
1987-Fi.B.

HAH.

NOTE:

13-week average

Seasonally adjusted
4-week average

2
9
16
26
2
9
16
23 P
30 P

Not seasonally adjusted
4-week average

week average

13-week average

727.7
729.8
731.8
733.8

733.4
733.6
735.1
736.9

737.0
734.8
736.9
738.8

736.2
737.2
737. to
738.6

734.8
727.9
723.8
723.4

week average
721.8
730.4
723.4
718. 1

735.0
736.3
737.3
737.9
737.6

737.2
738.3
739.1
739.7
739.8

738.3
739.3
740.1
740.9
738.9

738.2
738.1
737.7
735.9
733.3

723.1
724.4
726.4
727.5
728.0

720.6
735.5
731.2
722.7
722.7

SPECIAL CAUTION SHOULD B£, TAKEN I* IMTEfiPSETIUG IEEK-TO-WEEK CHANGES III BOHEI SUPPLY DATA, WHICH ARi
hIGtiLI VOLATILE AND SUBJECT TO EETISION.
P—INDICATES PBELININAHY DATA.
FOOTNOTES APPEAL ON THE FOLLOWING PAGE




H.6 (508)
Table 2

MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES
2

^ Percent change at seasonally adjusted annual rates
M1

M2

M3

Debt 1

3 MONTHS FROM NOV.

1 9 8 6 TO FEb-

1987

13.9

6.6

7-0

13.8

6 MONTI1S FROM AUG.

1 9 8 6 TO FEB.

1987

14.6

7.6

7.3

13.1

1 2 MONTHS FROM FEB.

1 9 8 6 TO FEB.

1987

16.6

9.3

8.5

12-2

THIRTEEN WEEKS ENDING MAR. 3 0 , 1 9 8 7
FROM THIRTEEN KEEKS ENDING;

1/

1/

2/

3/

4/
5/

DEC.

29,

1986

( 1 3 WEEKS PREVIOUS)

13.0

SEP.

29,

1986

( 2 6 WEEKS PREVIOUS)

15.3

MAR.

31,

1986

(52

16.3

KEEKS

PREVIOUS)

GROWTH RATES FOR DEBT ARE BASED ON PERIODS BEGINNING AND ENDING ONE MONTH EARLIER THAN FOR THE MONETARY AGGREGATES,
NAMELY, OCTOBER 1986 TO JANUARY 1987, JULY 1986 TO JANUARY 1987, AND JANUARY 1986 TO JANUARY 1987, RESPECTIVELY.
FOOTNOTES TO TABLE 1
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE 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 FO&ELGH BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER
OF WITHDRAWAL (NOW) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND 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.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE, MMDAS, SAVINGS AND 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 MONEY MARKET MUTUAL FUNDS. EXCLUDES IRA AND KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND HONEY MARKET FUVDSm ALSO EXCLUDES ALL BALANCES HELD BY U.S^ COMMERCIAL
BANKS, MONEY MARKET FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE 0.5. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF M2 PLUS LARGE DENOMINATION TIMS DEPOSITS {LH AMOUNTS OF $100,0Q0 OR MORE) AND TERM KP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BRANCHES OF U.S. BANKS
WORLDWIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT
INSTITUTION-ONLY HONEY MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, MONEY
MARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT BEP&ESEUTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY HONEY MARKET MUTUAL FUUDS^
CONSISTS OF B3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF MONEY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS.
DEBT OF DOMESTIC NONflNANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE BONDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER bANK LOANS, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ARE DERIVED FdOH THE tEDE&kL RESERVE BOARD'S FLOW OF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC
NONFINANCIAL SECTORS ARE PRESENTED IN MONTH-AVERAGE FORM, DERIVED BY AVERAGING MONTH-END LEVELS 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 UXB1 DATA IN TdiS RELEASE DltFKAS, THEREFORE, FROM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED
IN THE FEDERAL RESERVE RELEASES Z. 7 AND Z. 1. IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE MEASURED ON
A QUARTER-END BASIS AND INCLUDE DISCONTINUITIES.




H6 0O8)
1abf«3

COMPONENTS OF THE MONEY STOCK
Buttons of dollar*. NMonaHy ad|ua*4

Olfcar
Data

Curvancy*

Twdats
chacfca*

Oamand
dapoalte'

diacfcaMa
dapoalta*

oomponanta

Mitt*

In M3
ont/

1

omnm djpotm'
at

1

at
oofMnafdai
|
bank*

ttirfft

|<m,

1
Mat

at

at

oommafclal
banks

tfwtft

^ ^ f

at

at
total

M
M4M
IIMVII

Mai

152.8
155.9

447.6
448.5

1986-PBB.
MAR.

172.7
173.8

6.0
6.1

270.3
274.6

183. 1
186.0

1958.4

660.4
665.5

179.8
180.8

304.8
306.6

386.7
387.4

503.2
504.6

889.8
892.0

bank."
294.8
292.7

APR.
BAI
JUNE

17*.*
175.8
176.7

6.1
6.1
6.2

277.7
282.2
285.0

189.9
195.5
199.6

1975.7
1987.8
2000.0

669.3 i 127.2
183.9
667.5 < 129.5 187.3
131.5
670.8
190.2

311.1
316.8
321.8

387.1
384.1
381.5

506.0
503.9
501.5

89 3.1
888.0
883.0

293.5
289.9
289.4

157.7
157.7
158.2

451.3
447.6
44 7.5

JOLT
AUG.
SEPT.

177.6
179.0
179.7

6.3
6.4
6.4

288.2
291.2
292.2

204.5
210.4
214.7

2017.2
2031.4
2043.2

674.7
134.0
677.7 ; 137.5
684.4
141. 1

193.3
197.2
200.3

327.4
334.6
341.4

380.0
377.0
374.1

500.9
499.6
496.1

880.9
876.7
872.2

289.5
290.1
289.8

158.9
159.3
158.7

448.3
449.4
448.5

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
689.4

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
488.5

864.7
857. 1
853.3

288.3
290.0
291.9

157.4
155.8
155.1

445.7
445.9
447.0

1987-JAR.
FEB.

186.0
187.2

6.5
6.7

305.1
300.7

240.1
242.7

2084.4
2084.1

694.0
698.7

159.8

216.9
222.9

376.7
387.2

364.7
362.5

486.6
484.7

851.3
847.2

295.8
295.9

153.8
152.0

449.6
447.9

302.1
300.1
300.3
301.0

241.6
241.3
243.0
243.6

161.8
163.2
164.4
165.1

363.9
363.0
362. 7
362.1

294.2
294.4
296.7
296.5

300.5
300.1
299.0
299.4
298.4

243.4
244.7
246.4
246.6
246.0

165.9
167. 1
167.8
168.6
169.6

361.9
361.0
360.3
359.7
358.9

296.8
297.2
298.8
299.0
300.7

REEK
1987
FEB.

BAB.

1/
2/
3/

4/
5/
6/
7/
8/
9/
10/

125.8

164.4

ENDING
l
2
9
16
23

186.8
186.8
186.9
187.5

2
9
16
23 P
30 P

187.5
187.7
187.9
188.1
187.7

•

COBRBICT OUTSIDE THE U.S. TREASURY, FEDERAL RESBRfE BARKS ARO TADLTS OF COBHERCIAL BARKS. EXCLUDES THE ESTIHATED
ABOORT OF IA0LT CASH HELD BY THRIFT INSTITUTIONS TO SERflCB THEIR OCD LIABILITIES.
OOTSTARDIRG ABOURT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF ROHBARK ISSUERS. TRAVELERS CHECKS ISSUED BT DEPOSITORY
INSTITUTIONS ARE IRCLUDBD IR DEHARD DEPOSITS.
DEBARD DEPOSITS AT COHHBRCIAL BARKS ARD FORBIGR RELATED IRSTITUTIORS OTHER THAR THOSE DOB TO DOMESTIC BARKS, THB U.S..GOVBHBBERT ARD F0REI6R BARKS ARD OFFICIAL IRSTITUTIORS LESS CASH ITBBS IR THB PROCESS OF COLLECTION ARD FEDERAL RESERVE FLOAT.
EXCLUDES THJS ESTIMATED ABOORT pr DEflARD DEP05ITS HELD AT COBBERCIAL BARKS BY THRIFT IRSTITUTIOJIS TO SERVICE THEIR OCD
LIABILITIES.
CORSISTS OF ROR ARD ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT URIOR SHARE DRAFT BALANCES AND
DIBAND DEPOSITS AT THRIFT INSTITUTIONS.
SOB OF OVBRRIGHT BPS ARD OVERNIGHT EURODOLLARS, HORBY flARKBT FUND BALARCBS (GENBBAL PURPOSE AND BROKER/DEALER),
HBDAS, ARD SAVINGS ARD SHALL TIRE DEPOSITS, LESS THB CONSOLIDATION ADJUSTBEHT THAT REPRESENTS THB ESTIMATED ABOURT OF
DEMAND DEPOSITS ARD VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TINE ARD SAVINGS DEPOSITS LIABILITIES.
SOB OF LARGE TIBB DEPOSITS, TBBfl RPS ARD TERB EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET FUND BALANCES (INSTITUTIONONLY), LESS A CONSOLIDATION ADJUSTBENT THAT REPRESENTS THB ESTIHATED ABOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY
INSTITUTION-ONLY BONEY BASKET FUHDS,
SAVINGS DEPOSITS EXCLUDE BBDAS.
SHALL DENOBIRATION TIME DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUED IR AMOUNTS OF LKSS THAN $ 100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COHHBRCIAL BANKS AND THRIFTS ARE SUBTRACTED PBOH SHALL
TIME DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LARGE DENOMINATION TIflfi DEPOSITS AT COBHBBCIAL BANKS LESS THOSE HELD BY HONEY MARKET MUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (508)
Table 4

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

Date

Debt components4
federal debt
non-federal debt

42.4
42.5
41.4

209.5
208.6
208.8

1607.9
1621.0
1628. 5

5266.6
5297.8
5335.0

i!98.3

JUNE

81,9
82.7
83.5

303.8
298.2

40.6
39.3
39.8

206.1
210,7
212.6

1641.5
1665. 1
1691.9

5382.4
5430.9
5475-6

JULY
AUG.
SEPT.

84.3
85.3
86.4

292. i>
2b8.7
288.0

39.Q
37.3
36.9

214.5
219.7
223.9

1712.6
1725.1
1741.6

5523.Q
5590.9
5651.'4

OCT.
NOV.
DSC.

87.7
89.8
91.7

286.9
292.4
292.4

37.7
38.0
37.5

228.4
228.4
230.2

1755.3
1777.2
1805.3

5698.3
5751.5
5820.Q

92.7

287.2

37.8

239.7

1817.8

5893.3

MAY

1987-JAM.P

3/
4/

commercial paper3

302.9
305.7
299.1

A PR

2/

Non-M3 components of L
short-term treasury
bankers acceptances3
securities1

79,9
80.5
81.2

1986-JAN.
F&B*
HA&.

1/

savings bonds

CONSISTS OF U.S. TREASURY BILLS AND COUPONS UltU REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BY OTHER THAN DEPOSITOBY
INSTITUTIONS, FEDEEAL RESERVE BANKS, HONEY HARKKT HUT0AL FUNDS AND FOREIGN ENTITIES.
UEX OF BANKERS ACCEPTANCES HELD Bl ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
UOHS LOAN BANK S¥STBfl AND HONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BX MONEY MARKET MUTUAL FUHDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-MONTH L&VELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




lablc 5

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

Date

1

Currency

Travelers
checks2

Demand
deposits3

Other checkable deposits
i
total
at thrift
at commercial
4
banks
institutions9

| Nontransactions components
9

j

in M2

7

in M3 only

Overnight
RPs8

Overnight
Eurodollars9

General
purpose and
broker/dealer
money market
funds

1986-FBB.
ftAJU

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.
HAI
JO IB

173.6
175.7
177.4

5.8
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
668.6
667.7

50.7
51.4
49.7

17.5
17.6
16.6

191.4
193.2
197.3

JULI
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.
NOV.
DEC

180.9
183.2
186.2

6.5
6.1
6.0

29J.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

1987-JAH.
FEB.

184.6
184.8

6.0
6.2

311.0
291.9

169.7
167.5

73.0
72.6

242.8
240.1

2087.9
2086.3

694.6
700.9

61.5
60.2

22.3
19.7

209.0
210.8

MEEK EMDINGS
1987-FEB.

HAS.

1/
2/
3/
4/
5/
6/
7/
8/
9/

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

60.3
59.8
59.1
61.2

22.3
19.3
18.6
20.7

206.9
210.6
211.3
211.0

2
9
16
23 P
30 P

184.2
186.9
186.5
185.9
185.3

290.2
294.8
292.6
2*7.0
287.9

167.5
171.9
170.6
169.6
169.2

72.5
75.6
75.1
73.7
73.8

239.9
247.5
245.7
243.4
243.0

60.7
59.3
58.6
56.0
57.3

19.5
18.7
18.3
19.4
21.2

211.1
212.2
212.6
211.9
211.2

-

CUBBENCY OUTSIDE THB U.S. TREASURY, FEDERAL RESBHVE BANKS AMD THE VAULTS OF COflflERCIAL BANKS. B1CL0DES THE ESTIHATED
AHOONT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SEB7ICE THEIR OCD LIABILITIES.
OUTSTANDING AIIO0NT OF 0.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRA?ELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEBAND DEPOSITS AT COflflERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITBHS IN THB PROCESS OF COLLECTION AND F.R. FLOAT, LESS THE ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF NOW AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS.
«
CONSISTS OF NOW AND ATS BiLkHCBS AT SAVINGS AN? LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS.
SUM OF OVERNIGHT RPS AND EURODOLLARS, HONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKEB/DBALER), MMDAS AND SAVINGS
AND SHALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND EUBODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT BPS AND EUBODOLLABS HELD BY INSTITUTION-ONLY
HONEY IIARKBT MUTUAL FUNDS.
CONSISTS OF OVEBNIGHT AND CONTINUING CONTRACT BPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITOHY INSTITUTIONS AND
HONEY MARKET MUTUAL FUNDS (GENEhAL PUBPOSB AND BROKER/DEALER).
ISSUED BY FOREIGN BRANCHES UP »-S. BANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
HONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/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 1
at
at
thrift
commercial
institutions
banks

total

Small denomination time deposits2
at
at
commercial
thrift
total
banks
institutions

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

SAB*

337.%
340.8

179.6
180.2

517.1
521.0

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
494.6

153*8
155.9

450.1
450.5

APR.
HAI
JONS

345.4
349.2
356.0

100.7
182.4
185.1

526.1
531.6
541.0

127.2
129.9
132.5

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
157.6

447.7
446.0
444.3

JOLT
AUG.
SEPT.

359.8
364.3
368.9

186.9
189.3
189.9

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

860.9
877.5
873.3

286.7
289.9
291.2

158.1
159.3
159.1

444.8
449.2
450.3

OCT.
NO?.
DSC*

372.6
376.0
379.0

191.9
192.7
192.3

564.4
568.7
571.3

146.4
150.3
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

667.3
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

1986-FBB.

•BBK SIDING
1987
FSB.

BAR.

1/
2/
3/
4/

2
9
16
23

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

2
9
16
23 P
30 P

378.2
378.9
378.8
377.5
377.0

164.0
165.8
166.7
167.6
168.6

361.3
360.7
359.9
359.3
358.6

299.2
299.9
300.9
301.5
303.3

SAflNGS DEPOSITS EXCLUDE HI!DAS.
SHALL DENOMINATION TIfl£ DEPOSITS — INCLUDING BETAIL BPS - - ABE THOSE ISSUED IN AHOUNTS OF LESS THAN $ 1 0 0 , 0 0 0 .
ALL
INDIVIDUAL BETIBEHENT ACCOUNTS (IBA) AND KEOGB ACCOUNTS AT COHHSBCIAL BANKS AND THBIPTS ABE SUBTBACTED FBOH SHALL
TIJIE DEPOSITS.
LABGS DENOHIIAflON TIHE DEPOSITS IkBE THOSE ISSUED IN AMOUNTS OF $ 1 0 0 , 0 0 0 OB flOBE, EXCLUDING THOSE HOOKED AT IHTSfiNATXQNAL
BANKING FACILITIES ( I B F S ) .
LARGE DSNOHINATION TIH£ DEPOSITS AT COilflBRCIAL BANKS LESS THOSE KELD BX KON5Y HARKET HUTGAL FUBDS, DEPOSITOfil
INSTITUTIONS AND FOHFIviM BANKS AND OFFICIAL TrSTIIUTlONS.




H.6 (508)
Table 5-continued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
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
securities3

Components of Debt

Commercial
paper*

Federal debt*

Non-Federal6
debt

1986-FEB.
HAR.

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
5306.8

APR.
HAT

JUNE

74.1
76.1
75.0

35-7
35.5
33.8

35.9
38.6
41.3

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

JULY
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
5571.9
5636. 1

OCT.
NOV.
0BC

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

1748.1
1769.6
180J.7

5688. 1
5743.3
5816.3

1987-JAN.
FEB.

84.0
84.7

33.3
34.3

47.6
49.1

80.9
83.5

86.7
91.0

92.7

288.1

37.3

239.3

1816.9

5888.3

9
16
23

84.1
84.6
84.3
84.8

33.7
33.9
35.4
33.4

2
9
16
23 P
30 P

85,4
85.1
84*9
85.2
84.4

35.0
33.3
32.6
33.7
34.2

WEEK ENDINGS
1987-FE&,

HAR.

2

1/

TBRH BPS ARE THOSE WITH OBIGI1AL MATURITIES GREATER TBAN OWE Dkl, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS. INCLUDES
A RELATIVELY SHALL AHOUNT OF OVERNIGHT RPS AT THRIFT INSTITUTIONS.
2 / TEfiH EURODOLLARS ARE THOSE fTITH ORIGINAL HAXURITIES GREATER THAR ONE DAY. COBSISTS OF THOSE ISSUED TO U.S. RESIDEBTS BT
FORSIGM BRANCHES OF U.S. BANKS WORLDWIDE AID BY ALL BANKING OFFICES IN THE UNITED KINGDOH AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEY BARRET MUTUAL FUNDS.
3/ CONSISTS OF U.S. TREASURY BILLS AND COUPONS NIIH RSHAINING HATURITIES OF LESS THAN 12 HONTHS HELD BY OTHER THAN DEPOSITORY
INSTITUTIONS, FKDRkkL RESERVE BANKS, HONEY HARKET HUTUAL FUNDS, AND FOREIGN ENTITIES.
4/ NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOHE LOAN BANK SYSTEH AND HONEY HARKET HUTUAL FUNDS.
5/ TOTAL COHHERCIAL PAPER LESS COHHERCIAL PAPER HELD BY HONEY HARKET HUTUAL FUNDS.
6/, DEBT DATA ARE ON A HONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-MONT4 LEVELS OF ADJACENT HONTHS, AND HAVE BEEN
ADJUSTED TO BEHOVE DISCONTINUITIES.




M.6 (506)
Table 6

MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted
Demand deposits at banks due to

U.S. government deposits

Time and
savings
deposits
due to foreign
commercial
banks and
oreign official
institutions

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

IRA and Keogh Accounts
time
and savings
deposits at
commercial
banks

foreign
commercial
banks

foreign
official
institutions

1986-FEB.
BAR.

8.3

8. a

1.8
1.7

6.1
5.3

3.3
3.4

7.5
3.4

21.0
12.4

31.7
19.2

1.4
1.5

64.0
65.2

83.7
87.6

APR.
HAT
JUKE

8.8
9.1
9.1

1.8
1.7
1.7

1.9
1.4

4.3
3.0
3.5

3.7
4.8
2.9

13.6
18.7
12.6

21.6
26.5
19.0

1.6
1.6
1.7

68.7
70.2
70.6

92.2
93.7
94.7

10. 1
10.1

170.7
174.0
175.4

JOLI
AUG.
SEPT.

9.7
9.5
9.9

1.9
1.7
1.8

1.2
1.2
1.2

3.6
3.0
3.6

3.8
3.2
5.6

13.2
8.1
14.6

20.6
14.2
23.8

1.7
1.7
1.8

71.0
71.3
71.5

95.4
95.1
95.2

10.2
1Q.2
10.5

176.6
176.7
177.2

1.8
2.0
1.8

I1.2
I1.1

3.4
3.4
3.7

3.4
3.2
3.7

11.8
11.9
15.5

18.6
18.4
22.9

i.e

DSC

10.0
9.7
9.9

1.7
1.7

71.6
72.1
72.8

95.6
95.6
96.2

10.$
10.7
10.7

178.1
178.4
179.7

1987-JAI.
FSB.

10.4
9.9

1.8
1.7

i*.O
(4.1

3.7
3.3

9.6
5.0

23.8
25.2

37.1
33.6

1-7
1.6

73.4
74.0

97.3
98. 7e

10.8
10. 9e

181.5
183.S%

10.3
9.5
9.9
10.3

1.7
1.7
1.6
1.7

4.0
4.1
4.1
4.1

3.5
3.5
3.1
3.4

16.0
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
1.6

9.8
9.5
9.4
9.8
9.1

1.8
1.6
1.8
1.5
1.7

4.1
4.0
4.0
4.0
3.9

3.2
3.5
5.1
3.0
2.6

3.3
3.6
3.3
2.8
2.7

23.2
14.6

29.7
21.7
16.9
24.3
16.5

1.6
1.6
1.7
1.6
1.6

Date

OCT.

•Of.

*.7

j

UEBK E1DIHG;
1987
FEB.

2
9
16
23

BAR.

2
9
16

23 P
30 P

estisated




a. 5
18.4
11.2

commercial
banks

thrift
institutions

money
market
mutual funds

8.7

9.01
9.8

total

156.4
161.8