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