Full text of H.6 Money Stock Measures : August 16, 1990

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE statistical release
H.6 (508)
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

AUGUST 16, 1990

millions of dollars
Date

Ml]

M2«=

M3 J

X+-

DEBT

Seasonally adjusted

1988-AUG.
SEP.
OCT.
NOV.
DEC.

784.4
784.8
785.1
786.0
787.5

3037.7
3041.1
3048.8
3064.1
3072.4

3858.1
3867.2
3883.8
3903.5
3918.4

4584.8
4592.9
4613.7
4644.1
4676.0

8805.9
8868.3
8927.9
9000.8
9062.0

1989-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

785.8
786.7
785.5
782.1
776.2
773.7
779.1
780.4
782.9
788.1
789.4
794.8

3073.
3078.
3086.
3089.
3085.
3101.
3127.
3146.
3163.
3181.
3201.
3221.

3926.
3936.
3956.
3965.
3965.
3985.
4007.
4013.
4013.
4018.
4031,
4044.6

4683.5
4702.2
4736.1
4762.1
4761.9
4784.4
4810.5
4825.3
4832.0

9115.9
9179.7
9238.3
9295.4
9358.2
9414.9
9465.6
9529.1
9585.2
9654.8
9732.4
9777.6

1990-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY p

794.8
801.4
804.8
807.3
805.4
809.4
809.2

3230.
3255.
3270.
3277.
3270.
3277.
3280.8

4048.
4063.
4068.
4072.
4064.
4066.
4068.

4884.6
4895.3
4914.9
4927.1
4901.6
4926.1 p

4841.9
4858.5
4881.8

9824.8
9886.4
9947.1
9997.1
10043.8
10105.4 p

Not seasonally adjusted
1988-AUG.
SEP.
OCT.
NOV.
DEC.

782.4
781.1
782.2
788.3
804.5

3037.3
3034.3
3046.7
3067.2
3085.2

3857.5
3864.5
3884.1
3912.4
3932.5

4579.8
4588.6
4613.5
4652.2
4692.7

8759.9
8830.5
8894.4
8969.0
9047.3

1989-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

793.5
773.0
775.9
791.6
767.7
774.4
782.3
778.1
779.1
785.0
791.7
812.1

3085.6
3065.8
3080.7
3100.2
3071.2
3099.1
3132.8
3146.5
3156.6
3179.3
3204.8
3234.5

3935.
3925.
3954.
3971.
3950.
3978.5
4005.8
4012.7
4010.6
4018.3
4040.9
4058.6

4701.3
4696.9
4733.8
4764.9
4750.1
4777.1
4799.3
4819.9
4827.5
4842.0
4867.6
4899.5

9099.
9143.
9197.
9253.
9315.
9375.8
9424.9
9486.
9550.
9623.
9700.
9762.

1990-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY p

802.3
788.0
795.7
817.3
796.4
810.0
812.2

3242.7
3243.2
3265.4
3288.2
3255.6
3274.8
3286.4

4057.
4052.
4067.
4079.
4048.
4060.
4067.

4903.6
4890.6
4912.8
4930.5
4889.1
4917.3

9813.8
9856.2
9908 5
9958 1
10002 0
10065 1 P

Footnotes appear on the following page,
p—indicates preliminary data.




H.6 ( 5 0 8 )
Table 2

MONEY STOCK AND DEBT MEASURES
Percent change at seasonally adjusted annual rates
Ml

M2

M3

Debt 1

3 Months from APR. 1990 TO JULY 1990

0.9

0.5

-0.4

6.4

6 Months from JAN. 1990 TO JULY 1990

3.6

3.1

1.0

6.7

12 Months from JULY 1989 to JULY 1990

3.9

4.9

1.5

7.3

Thirteen weeks ending AUGUST 6, 1990
from thirteen weeks ending:

MAY

7, 1990 (13 weeks previous)

1.8

1.0

-0.1

FEB.

5, 1990 (26 weeks previous)

3.8

3.5

1.2

7, 1989 (52 weeks previous)

4.1

5.4

1.9

AUG.
1.

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely,
March 1990 to June 1990, December 1989 to June 1990, and June 1989 to June 1990, respectively.

1.

Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions *
(2) travelers checks of nonbank issuers; (3) demand deposits at all commercial banks other than those due to depository
institutions, the U.S. government, and foreign banks and official institutions, less cash items in the process of collection
and Federal Reserve float* and (4) other checkable deposits (OCDs), 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. Seasonally adjusted Ml is calculated by summing currency, travelers checks, demand deposits, and
OCDs, each seasonally adjusted separately.
Consists of Ml plus overnight (and continuing contract) RPs issued by all depository institutions and overnight Eurodollars
issued to U.S. residents by foreign branches of U.S. banks worldwide, money market deposit accounts (MMDAs), savings and
small-denomination time deposits (time deposits — incuding 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 individual retirement
account (IRA) and Keogh balances at depository institutions and money market funds. 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 U.S. government. Seasonally adjusted M2 is computed by adjusting its non-Mi component as a whole and then
adding this result to seasonally adjusted Ml.
Consists of M2 plus large-denomination time deposits (in amounts of $100,000 or more) and term RP liabilities issued
by all depository 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
money 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 the estimated amount of overnight RPs and Eurodollars
held by institution-only money market mutual funds. Seasonally adjusted M3 is obtained by adjusting its non-M2 component as
a whole and then adding this result to seasonally adjusted M2.
Consists of M3 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 nonfinancial sectors consists of outstanding credit market debt of the U.S. 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 from the Federal Reserve Board's flow of funds accounts. All data on debt of domestic nonfinancial
sectors are presented in month-averaqe form, derived by averaging adjacent month-end levels. 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 release differs, therefore, from the quarterly flow of funds statistics contained in the
Federal Reserve releases Z.7 and Z.l. In those releases, published levels of credit market debt are measured on a quarter-end
basis and include discontinuities.

Footnotes to Table 1

2.

3.

4.
5.




H.6 ( 5 0 8 )
Table 3

MONEY STOCK MEASURES
B i l l i o n s of d o l l a r s
Seasonally adjus ted

4-week
average

3271.3
3271.2
3265.4

4069.0
4069.1
4068.2

4067.3
4065.7
4064.3

4066.1
4064.8
4056.7

3269.3
3270.1
3271.9
3275.4

3269.4
3274.5
3278.1
3279.6

4067.6
4067.8
4067.6
4067.3

4062.6
4063.3
4063.7
4065.9

4062.6
4069.0
4066.4
4065.4

3275.2
3275.6
3276.0
3276.0
3276.4

3279.4
3281.5
3282.7
3282.3
3280.5

3285.4
3283.0
3282.8
3278.0
3278.1

4067.6
4067.3
4066.1
4065.9
4066.4

4067.3
4067.9
4067.6
4068.4
4068.4

4068.5
4071.2
4065.3
4068.5
4068.6

3277.4

3282.0

3289.2

4067.0

4070.2

4078.4

4-week
average

803.1
807.0
803.7

3271.0
3272.3
3272.5

3274.6
3272.8
3270.9

805.4
806.5
806.5
807.9

807.8
807.3
807.2
809.2

3272.7
3273.2
3273.9
3274.2

807.5
807.8
807.5
807.7
808.0

810.4
811.1
811.2
810.8
808.7

817.7
810.3
807.7
807.6
809.2

808.5

809.4

813.0

4-week
average

14
21
28

805.3
805.8
805.7

805.0
805.4
804.9

JUNE

4
11
18
25

805.7
806.1
806.4
806.7

JULY

2
9
16
23
30p

AUG.

6p

1990-MAY

13-week
average

13-week
average

13-week
average

Period en<ding

M3

M2

Ml
week
average

week
average

week
average

Not seasonally adjusted
Ml
13-week
average

4-week
average

14
21
28

801.6
802.3
802.7

804.9
799.5
796.0

JUNE

4
11
18
25

803.6
805.0
806.3
807.1

JULY

2
9
16
23
30p

AUG.

6p

Period en<ding
1990-MAY

M2
week
average

13-week
average

4-week
average

798.7
795.8
784.8

3268.0
3269.0
3269.2

3266.6
3259.8
3255.3

798.0
802.5
806.4
809.2

812.7
816.8
811.2
796.1

3270.2
3271.4
3272.4
3272.5

808.0
808.4
807.4
806.3
806.1

809.6
812.3
813.9
815.4
811.1

814.4
827.5
817.4
802.3
797.3

807.4

809.4

820.6

M3
week
average

13-week
average

4-week
average

3260.2
3255.8
3241.9

4065.5
4065.3
4064.6

4054.6
4050.0
4048.1

4052.9
4049.2
4036.5

3258.3
3263.7
3268.9
3273.4

3275.3
3281.6
3276.7
3259.8

4064.5
4064.8
4064.5
4063.3

4051.3
4056.2
4059.4
4060.8

4066.7
4072.5
4062.0
4042.0

3272.8
3272.4
3272.0
3271.5
3272.2

3274.9
3279.9
3284.6
3288.6
3285.7

3281.4
3301.6
3295.6
3275.9
3269.8

4062.0
4060.4
4058.3
4057.7
4058.6

4058.9
4060.9
4063.0
4067.7
4066.9

4059.1
4080.5
4070.4
4060.9
4055.8

3275.0

3285.2

3299.4

4061.1

4068.1

4085.3

week
average

Note: S p e c i a l c a u t i o n should be taken in i n t e r p r e t i n g week-to-week changes in money supply d a t a , which are highly volatile and subject to
revision.
p—indicates preliminary data.



H.6 ( 5 0 8 )
Table 4

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars> seasonally adjusted
Nontransact ions
component s

Other checkable deposits

Date

Currency

1

Travelers
checks2

Demand
deposits3

At
commercial
banks*

At
thrift
institutions5

Total

In M 2 6

In M3
only7

Gem sral purpose
and tjroker/dealer
money market funds

1989-MAR.

215.3

7.3

283.9

191.7

87.4

279.1

2301.4

869.6

253.4

APR.
MAY
JUNE

215.7
216.6
217.2

7.3
7.3
7.2

281.3
279.6
276.3

191.4
188.5
188.7

86.5
84.3
84.3

277.9
272.8
273.0

2307.3
2309.1
2327.9

875.7
880.3
883.3

257.8
261.2
268.3

JULY
AUG.
SEP.

217.8
218.6
219.3

7.2
7.2
7.2

279.6
278.5
278.1

189.8
191.1
192.4

84.6
85.0
86.0

274.5
276.0
278.4

2348.0
2366.5
2380.6

880.6
866.1
850.0

277.7
287.8
295.9

OCT.
NOV.
DEC.

220.0
220.4
221.9

7.3
7.4
7.4

280.0
278.8
279.7

194.2
195.9
197.9

86.6
86.9
87.8

280.8
282.8
285.7

2393.8
2411.8
2426.9

836.3
830.0
823.0

302.7
309.0
312.4

1990-JAN.
FEB.
MAR.

224.6
226.6
228.4

7.5
7.6
7.6

277.3
280.2
279.3

198.0
199.3
201.0

87.4
87.7
88.5

285.4
287.0
289.5

2436.2
2453.9
2465.8

817.5
808.6
797.7

318.1
324.5
325.0

APR.
MAY
JUNE

230.1
231.6
233.4

7.6
7.7
7.7

277.8
274.5
274.5

202.8
203.2
205.7

89.0
88.3
88.1

291.8
291.5
293.8

2469.6
2465.2
2468.2

795.3
793.4
789.0

324.8
319.4
321.0

JULY

235.4

7.7

274.8

204.0

87.3

291.2

2471.6

787.6

324.1

232.4
233.3
234.5

7.7
7.7
7.7

273.8
273.1
273.9

205.1
205.1
205.2

88.3
87.9
87.8

293.4
293.0
293.0

2467.2
2470.8
2470.5

794.5
788.3
785.8

318.5
321.9
322.2

Week ending
1990-JUNE 11
18
25
JULY

2
9
16
23
30p

234.6
234.0
234.9
235.9
236.9

7.8
7.7
7.7
7.7
7.7

278.9
275.8
273.9
274.2
274.5

208.0
205.1
203.4
203.2
202.9

88.5
87.6
87.7
86.7
87.2

296.5
292.7
291.1
289.9
290.1

2467.8
2472.7
2475.0
2470.3
2468.9

783.1
788.2
782.5
790.5
790.4

323.8
322.7
324.1
323.9
325.4

AUG.

6p

236.5

7.8

276.3

204.6

87.9

292.4

2476.2

789.2

325.7

1.
2.

Currency outside U.S. Treasury> Federal Reserve Banks and the vaults of depository institutions.
Outstanding amount of U.S. dollai—denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are
included in demand deposits.
3.
Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions> the U.S. government
and foreign banks and official institutions> less cash items in the process of collection and Federal Reserve float.
4.
Consists of NOW and ATS balances at commercial banks> U.S. branches and agencies of foreign banks, and Edge Act corporations.
5.
Consists of NOW and ATS balances at thrifts* credit union share draft balances, and demand deposits at thrifts.
6.
Sum of overnight RPs and Eurodollars> money market fund balances (general purpose and broker/dealer)> MMDAs and savings and small time
deposits. This sum is seasonally adjusted as a whole.
7.
Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances (institution-only), less the estimated
amount of overniqht RPs and Eurodollars held by institution-only money market mutual funds. This sum is seasonally adjusted as a whole.
e—indicates estimated data,
p—indicates preliminary data.




H.6 (508)
Table 4-continued

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

At
A*
thrift
commercial institutions
banks

Date

Total

Small-denomination time deposits2

Savings deposits1

Money market deposit accounts

At
At
commercia.1
thrift
banks
institutions

Total

At
At
commercial
thrift
banks
institutions

Total

Large-denomination time deposits 3
At m
At
commercial
thrift
banks*
institutions

Total

1989-MAR.

339.7

140.2

479.9

188.1

229.8

417.9

474.7

591.7

1066.4

386.0

174.1

560.1

APR.
MAY
JUNE

337.0
331.7
331.0

136.2
131.5
130.0

473.2
463.1
460.9

185.8
183.1
182.3

226,2
222.3
221.1

412.0
405.4
403.4

486.3
497.3
501.8

597.8
605.7
612.2

1084.1
1103.0
1114.0

392.2
395.7
397.1

176.1
177.4
177.8

568.3
573.1
574.9

JULY
AUG.
SEP.

333.9
337.9
340.8

130.1
130.4
131.0

463.9
468.2
471.9

183.0
183.9
184.9

220.3
220.0
220.6

403.3
404.0
405.5

505.8
510.4
513.3

616.6
619.6
619.2

1122.4
1130.0
1132.6

398.7
397.8
397.2

176.0
172.7
168.4

574.7
570.5
565.6

OCT.
NOV.
DEC.

343.7
348.5
351.5

131.6
132.3
132.2

475.3
480.8
483.7

185.9
187.3
188.5

220.3
220.5
220.5

406.1
407.9
409.0

519.7
524.4
528.6

616.2
614.1
613.7

1135.9
1138.5
1142.3

398.8
401.5
401.5

163.8
159.5
156.8

562.7
561.0
558.3

1990-JAN.
FEB.
MAR.

352.4
356.0
359.1

132.5
133.4
135.8

485.0
489.4
494.9

189.8
191.8
193.4

220.4
221.8
221.2

410.2
413.6
414.6

531.4
534.7
537.2

611.6
607.9
609.3

1143.0
1142.6
1146.4

401.2
399.4
396.4

152.9
150.2
147.3

554.2
549.6
543.6

APR.
MAY
JUNE

362.3
365.3
368.2

136.6
134.7
133.0

498.8
500.0
501.2

193.8
193.5
195.0

222.0
221.5
220.8

415.8
415.0
415.8

541.4
550.8
559.3

606.3
598.2
587.8

1147.7
1149.0
1147.1

394.6
396.4
397.0

143.0
138.2
134.9

537.7
534.7
531.9

JULY

370.8

131.6

502.4

195.6

220.6

416.2

568.2

580.2

1148.4

399.3

130.9

530.2

367.7
369.4
368.2

133.4
133.3
132.8

501.0
502.6
501.0

194.6
194.8
195.0

220.
221.
220.

415.
416.
415.

557
559
560

589.8
588.0
585.8

1147.
1146.
1146.

398.
398,
396,

135.
134.
134.

534,
533,
530.8

Week ending
1990-JUNE 11
18
25
JULY

2
9
16
23
30p

368.2
369.9
371.8
371.1
370.8

132
131
132
131
131

500.3
501.8
503.8
502.5
501.8

195,
196,
195.
195,
195.

220.
220.
220,
220.
220.

416.7
416.9
416.1
415.9
415.9

563
567,
568,
569,
569,

583.6
580.
579.
579.
580.

1147.0
1147.5
1148.0
1148.8
1149.4

394.3
400.2
401.3
399.8
397.6

133.1
131.8
131.1
130.4
129.7

527,
532.
532.
530,
527,

AUG.

6p

372.3

130.7

503.1

195.6

220.7

416.3

570.5

580.1

1150.6

398.2

129.3

527.5

1.
2.

Savings deposits exclude MMDAs.
Small-denomination time deposits — including retail RPs--are those issued in amounts of less than $100,000 All IRA and Keogh account balances at
commercial banks and thrifts are subtracted from small time deposits
3.
Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities.
4.
Largeydenomination time deposits at commercial banks less those held by money market mutual funds, depository institutions, and fc
foreign banks and
official institutions.
—indicates preliminary data




H.6 (508)
Table ^-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Debt components4

Non-M3 Components of L
Institutiononly money
market funds

Date

Savings
bonds

Short-term
Treasury
securities1

Bankers
acceptances2

Commercial
paper 3

Federal
debt

Non-Federal
debt

1989-MAR.

86.3

111.5

278.3

2158.7

7079.5

88.3
92.1
96.3

112.2
112.8
113.6

285.1
293.4
295.2

41.4
41.
41.
41.

348.3

APR.
MAY
JUNE

358.2
348.8
349.4

2168.8
2176.4
2184.2

7126.6
7181.8
7230.7

JULY
AUG.
SEP.

99.0
101.4
101.6

114.3
115.0
115.7

297.2
300.3
311.5

41.
42.
41.

349,
354.
350.

2184.
2200.
2220.

7281,
7328,
7364,

OCT.
NOV.
DEC.

101.1
101.1
102.3

116.2
116.8
117.5

317.6
318.8
330.6

40.
40,
41.

350.
351.
347.

2238.3
2258.9
2265.7

7416.
7473,
7511,

1990-JAN.
FEB.
MAR.

103.2
103.7
105.4

117.7
118.2
119.1

334.3
330.2
347.7

40.
38.
37.

343.
344.
342.

2275.9
2297.3
2325.9

7548.9
7589.1
7621.2

APR.
MAY
JUNE

106.8
107.3
107.3

119.9
120.7
121.5 p

341.7
331.7
352.3 p

35. 7
35. 2
34. 3 P

357. 5
349, 9
351. 4 p

2340.9
2353.8
2380.2 p

7656.2
7690.0
7725.2 p

JULY p

108.9

Week ending
1990-JUNE 11
18
25

107.
107.
107.

JULY

2
9
16
23
30p

107.4
108.0
107.9
109.8
109.9

AUG.

6p

111.1

1.

Consists of U.S. Treasury bills and coupons with remaining maturities of less than 12 months held by other than depository 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, Federal Home Loan Banks, and
money market mutual funds.
3.
Total commercial paper less commercial paper held by money market mutual funds.
4.
Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove
discontinuities.
p—indicates preliminary data.
2.




H.6 ( 5 0 8 )
Table 5

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars* not seasonally adjusted
Other checkable deposiLts

Date

Currency

1

Demand
Travelers
checks 2 deposits3

At
commercial
banks 4

At
thrift
institutions5

Nontransactions
components

Total

In M2

6

In M3
only7

Overnight
RPs 8

Overnight
Eurodollars9

Genieral purpose
and broker/dealer
money' market funds

1989-MAR.

213.9

7.0

276.0

192.7

86.3

279.0

2304.8

873.7

67.7

14.3

256.8

APR.
MAY
JUNE

215.1
216.6
218.4

7.0
7.1
7.5

283.3
273.6
276.7

197.6
186.2
187.0

88.7
84.1
84.8

286.3
270.3
271.8

2308.5
2303.5
2324.7

870.9
879.6
879.4

64.1
63.2
65.0

14.4
14.6
14.6

260.7
260.7
266.8

JULY
AUG.
SEP.

219.7
219.2
218.6

8.1
8.1
7.7

281.8
277.1
276.3

187.4
188.7
190.7

85.3
85.0
85.9

272.7
273.7
276.5

2350.4
2368.5
2377.5

873.1
866.2
854.0

64.2
63.2
59.6

16.8
15.2
15.5

275.6
286.8
294.9

OCT.
NOV.
DEC.

218.9
221.0
225.3

7.3
7.0
6.9

280.7
281.5
291.6

191.6
194.9
200.3

86.5
87.2
88.1

278.1
282.1
288.4

2394.3
2413.1
2422.4

838.9
836.1
824.2

61.6
62.2
63.1

14.1
13.2
14.3

301.3
309.7
312.2

1990-JAN.
FEB.
MAR.

222.9
224.2
227.0

7.0
7.2
7.3

283.0
271.4
271.6

202.5
199.5
202.2

87.0
85.7
87.6

289.4
285.2
289.7

2440.4
2455.2
2469.7

814.9
809.2
801.6

64.6
67.5
67.0

17.3
15.3
15.4

317.0
326.1
329.5

APR.
MAY
JUNE

229.5
231.7
234.8

7.3
7.5
8.1

279.8
268.5
274.8

209.4
200.7
203.7

91.3
88.0
88.6

300.7
288.7
292.3

2470.9
2459.2
2464.8

790.8
792.7
785.5

64.3
66.5
66.2

15.5
17.2
15.8

328.4
318.7
318.9

JULY

237.1

8.6

277.1

201.4

88.0

289.3

2474.2

781.1

66.2

15.8

321.3

235.2
234.6
234.1

7.9
8.1
8.2

276.7
274.9
268.6

206.5
204.9
199.4

90.4
88.8
85.8

296.9
293.6
285.2

2464.8
2465.5
2463.6

790.9
785.3
782.3

66.1
65.3
67.5

15.4
15.3
16.5

317.
319.
320.

Week ending
1990-JUNE 11
18
25
JULY

2
9
16
23
30p

235.1
238.7
237.3
236.8
236.1

8.4
8.5
8.6
8.7
8.8

281.5
283.2
280.5
271.7
269.7

201.7
206.2
202.0
198.9
197.3

87.6
90.9
89.1
86.2
85.4

289.4
297.1
291.1
285.1
282.8

2467.0
2474.0
2478.2
2473.7
2472.5

777.7
778.9
774.7
785.0
786.0

64.0
65.6
66.6
66.8
66.1

16.9
16.9
16.2
15.2
15.0

319.
317.
322.
321.
323.

AUG.

6p

239.1

8.9

277.9

204.4

90.3

294.7

2478.8

785.9

67.9

14.3

323.9

1.
2.

Currency outside U.S. Treasury* Federal Reserve Banks and the vaults of depository institutions.
Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are
included in demand deposits.
3.
Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions, the U.S. government
and foreign banks and official institutions, less cash items in the process of collection and Federal Reserve float.
4.
Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
5.
Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
6.
Sum of overnight RPs and Eurodollars, money market fund balances (general purpose and broker/dealer), MMDAs and savings and small time deposits.
7.
Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances (institution-only), less the estimated
amount of overnight RPs and Eurodollars held by institution-only money market mutual funds.
8.
Consists of overnight and continuing contract RPs issued by all depository institutions to other than depository institutions and money market
mutual funds (general purpose and broker/dealer).
9.
Issued by foreign branches of U.S. banks worldwide to U.S. residents other than depository institutions and money market mutual funds
(general purpose and broker/dealer).
e—indicates estimated data,
p—indicates preliminary data.




H.6 (508)
Table 5-continued

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

At
At
commercial
thrift
banks
institutions

Date
1989-MAR.

Total

475.7

591.4

1067.1

388.8

472.8
458.8
458.6

226.
222.
222.

412.9
406.4
406.2

486.3
496.0
502.5

597.4
603.8
611.0

1083.7
1099.8
1113.5

129.8
130.6
131.1

461.4
467.0
470.6

184.
184.
184.

222.
220.
220.

407.3
404.9
404.6

507.1
511.3
513.9

618.0
619.9
618.2

342.
350,
355.

131.8
132.8
132.8

474.6
483.1
487.8

185.
187.
187.

221.3
220.5
219.0

407.2
407.6
406.2

519.2
523.1
526.4

356.3
357.7
360.8

132.
133.
136.

489.
491.
496.

189.0
190.5
193.2

218.8
219.5
220.9

407.7
410.0
414.1

362.
361.

365.8

135.9
133.8
132.5

498.3
494.8
498.2

194.2
194.0
196.1

222.4
221.8
222.3

368.0

131.2

499.3

197.3

367.0
367.4
364.1

133.4
132.8
131.7

500,
500,
495,

APR.
MAY
JUNE

337,
328,
329,

135.6
130.7
129.6

JULY
AUG.
SEP.

331.
336.
339.

OCT.
NOV.
DEC.

p

Total

At
At
commercial
thrift
4
institutions
banks_4

417.0

481.7

JULY

Total

At _
At
commercial
thrift
banks
institutions

229.3

140.6

APR.
MAY
JUNE

At m
At
commercial
thrift
banks
institutions

Large-denomination time deposits 3

187.8
186.3
183.7
183.5

341.2

1990-JAN.
FEB.
MAR.

Small-denomination time deposits2

Savings deposits1

Money market deposit accounts

Total

562.1

392.2
396.1
396.4

173.3
174.
176.
176.

566.
572,
572,

1125.1
1131.2
1132.1

396.5
398.4
398.6

174,
172.
168.8

570.
570.
567,

616.3
614.2
612.3

1135.5
1137.3
1138.8

399.9
401.9
399.8

165.5
161.7
158.3

565.
563.
558.

530.8
535.2
538.3

613.7
610.1
608.5

1144.5
1145.3
1146.8

398.9
399.2
399.2

154,
150,
146,

553.
549.
545.

416.6
415.9
418.4

541.7
549.7
560.4

606.0
596.5
586.8

1147.7
1146.2
1147.2

394.7
396.9
396.6

141,
137,
133.

536,
534.
530.

223.0

420.2

569.7

581.7

1151.4

397.1

129.5

526.6

196.3
195.9
195.8

222.
222.
221.

419,
418.
417.

558.
560,
562,

588.
586.
584.

1146,
1146,
1146,

398,
397.
395.6

134,
133
132.9

532.9
530.4
528.6

Neek ending
1990-JUNE 11
18
25
JULY

2
9
16
23
30p

364.7
367.8
369.4
367.9
367.6

131,
131,
131,
131
130

495.8
499.5
501.1
498.9
498.2

197.
198.
197.
197.
196.

222.
224.
224.
222.
221.

419.
422.
421.
419.
417.

565.
569.
569.
570.
570.

585.
582,
581.
581.
580.

1151.
1151.
1151.
1151,
1151.8

393.
397.
397.
397.
396,

131.8
130.2
129.6
129.1
128.6

525.4
527.7
527.2
526.8
525.4

AUG.

6p

370.2

131.0

501.2

196.6

222.1

418.8

571.7

581.1

1152.8

397.1

128.1

525.2

1.
2.

Savings deposits exclude MMDAs.
Small-denomination time deposits--including retail RPs—are those issued in amounts of less than $100,000. All IRA and Keogh account balances at
commercial banks and thrifts are subtracted from small time deposits.
3.
Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities.
4.
Largeydenomination time deposits at commercial banks less those held by money market mutual funds, depository institutions, and foreign banks and
official institutions.
p—indicates preliminary data.




H.6 (508)
Table 5-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Term RPs 1
At
Institutionthrift
only money commercial
market funds
institutions
banks

Date

Debt components6

Non-M3 Components of L

Total

Term
Eurodollars2

Savings
bonds

Short-term
Treasury
securities3

Bankers
acceptances4

Commercial
paper5

Federal
debt

Non-Federal
debt

1989-MAR.

87.6

46.3

82.6

128.9

105.7

111.7

277.8

40.4

349.4

2149.0

7048.5

APR.
MAY
JUNE

87.7
91.6
95.1

43.8
43.7
43.7

82.5
83.8
84.7

126.3
127.5
128.4

100.3
97.2
93.4

112.4
113.0
113.7

284.4
289.1
288.1

41.0
41.2
41.5

356.1
356.2
355.4

2155.1
2159.5
2165.1

7098.8
7156.2
7210.7

JULY
AUG.
SEP.

98.2
100.6
99.2

45.1
45.4
47.9

79.0
72.2
66.0

124.1
117.6
113.9

91.8
89.8
85.6

114.2
114.7
115.4

288.4
296.7
312.0

42.2
42.7
41.6

348.8
353.1
348.0

2163.7
2179.6
2200.9

7261.2
7306.4
7349.7

OCT.
NOV.
DEC.

98.7
102.1
102.9

48.5
50.0
45.9

61.2
58.9
51.0

109.6
108.9
96.9

80.2
79.5
81.4

116.0
116.6
117.3

321.6
325.8
337.1

40.4
41.0
41.7

345.8
343.3
344.7

2222.6
2250.7
2264.1

7401.0
7449.9
7498.1

1990-JAN.
FEB.
MAR.

106.0
107.0
106.8

47.5
51.6
50.1

46.1
45.4
45.0

93.6
96.9
95.2

74.4
68.8
67.0

118.0
118.5
119.4

340.4
334.5
346.6

40.4
37.5
36.1

347.3
347.6
343.8

2275.6
2293.1
2317.3

7538.1
7563.1
7591.2

APR.
MAY
JUNE

105.8
106.7
106.1

49.6
49.9
53.1

45.2
45.7
45.4

94.8
95.6
98.4

65.9
67.6
64.4

120.2
120.9
121.6 p

340.6
326.9
343.4 p

35.3
35.2
34.5 p

355.4
357.8
357.4 p

2329.1
2337.8
2361.3 p

7629.0
7664.2
7703.8 p

JULY p

108.1

53.4

43.5

96.9

63.0

106.5
105.9
106.0

53.7
53.3
53.5

45.1
45.5
45.3

98.8
98.8
98.8

65.9
64.3
62.9

2
9
16
23
30p

105.6
106.3
106.8
109.8
110.0

52.3
51.7
52.2
54.0
55.5

45.4
45.0
43.9
42.5
42.4

97.6
96.7
96.1
96.5
97.9

62.5
61.7
59.6
65.1
65.4

AUG. 6p

110.9

55.3

42.9

98.2

64.8

Neek ending
1990-JUNE 11
18
25
JULY

Term RPs are those with original maturities greater than one day, excluding continuing contracts and retail RPs.
Term Eurodollars are those with original maturities greater than one day. Consists of those issued to U.S. residents by foreign branches of U.S. banks
world-wide and by all bankina offices in the United Kingdom and Canada. Excludes those held by depository institutions and money market mutual funds.
Consists of U.S. Treasury bills and coupons with remaining maturities of less than 12 months held by other than depository 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, Federal Home Loan Banks, and money market
mutual funds.
5.
Total commercial paper less commercial paper held by money market mutual funds.
Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities,
6.
P- •indicates preliminary data.




H.6 (508)
Table 6

MEMORANDUM ITEMS

10

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

Date

IRA and Keogh Accounts

U.S. government deposits

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

Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

Note balances
at depository
institutions

Total
cash
balance

Time and
savings
deposits
At
At
thrift
at commercial commercial
institutions
banks
banks

At
money
market
funds

Total

1989-MAR.

8.8

4.2

3.8

5.2

14.3

23.3

1.3

97.4

125.4

22.2

244.9

APR.
MAY
JUNE

8.9
8.9
10.0

4.2
4.0
3.8

5.2
3.3
4.6

8.9
14.1
9.7

15.0
31.0
21.6

29.0
48.5
35.8

1.4
1.4
1.4

99.9
101.8
102.8

127.3
128.6
130.0

23.1
23.6
23.8

250.3
254.0
256.5

JULY
AUG.
SEP.

10,
8,
9,

3.7
3.7
3.7

3.4
3.2
5.5

6.4
5.4
7.8

19.6
12.7
19.4

29.4
21.2
32.6

1.4
1.3
1.3

104.1
105.3
106.0

131.2
131.4
132.2

24.7
24.8
26.4

260.0
261.5
264.6

OCT.
NOV.
DEC.

9,
9,
9.

3.7
3.7
3.6

3.3
3.5
5.2

5.9
5.2
4.8

17.4
11.2
14.4

26.5
19.9
24.5

1.4
1.4
1.4

107.3
108.0
108.7

132.5
132.3
133.3

27.1
27.5
28.0

266.9
267.8
270.0

1990-JAN.
FEB.
MAR.

3.6
3.6
3.6

4.4
3.5
3.6

6.0
6.2
5.3

18.8
18.5
13.1

29.1
28.2
22.0

1.4
1.3
1.3

110.3
112.0
113.3

133.9
133.9
133.9

30.0
32.0
32.7 e

274.3
277.8
279.9 e

APR.
MAY
JUNE

3.6
3.6
3.6

5.1
3.4
5.5

4.4
5.1
5.0

14.9
21.8
15.4

24.4
30.3
25.9

1.3
1.3
1.3

115.6
117.7
119.5

134.7 e
135.3 e
135.5 e

33.1 e
33.5 e
33.5 e

283.4 e
286.5 e
288.5 e

120.9

135.9 e

33.7 e

290.5 e

JULY

1.7

p

8.9

1.5

3.5

3.5

5.4

11.9

20.7

1.3

1990-JUNE 11
18
25

8.9
9.0
8.2

1.5
1.5
1.5

3.6
3.6
3.6

3.7
11.9
3.9

4.3
4.9
5.3

4.2
6.5
30.3

12.2
23.3
39.5

1.3
1.3
1.3

Neek ending

JULY

2
9
16
23
30p

9.2
9.3
8.6
8.9
8.6

1.6
1.6
1.5
1.6
1.4

3.6
3.6
3.5
3.5
3.5

3.4
4.2
3.4
2.9
3.0

5.5
6.3
5.0
5.1
5.1

27.6
5.1
6.2
15.0
16.7

36.4
15.5
14.6
23.0
24.7

1.3
1.3
1.3
1.4
1.3

AUG.

6p

9.7

1.8

3.5

6.1

5.8

11.6

23.6

1.6

e—indicates estimated data,
p—indicates preliminary data.




H.6<508)
Special Supplementary Tible

Monthly Survey of Selected Deposits
June 27,1990 and July 25,19901
(not seasonally adjusted)

Insured Commercial Banks
Liability Categories
NOW Accounts

Amount Outstanding CSmiH
Change
June 27
Julv 25
(percent)
-0.17
197.864
197.533

Money market deposit accounts
Personal

251.373

255,473

108.695
193.502

Nonpersonal
Savings deposits
Interest-bearing time deposits
with balances of less than
$100,000 with original
maturities of:
7 to 91 days

Average Rale Paid (%)
Change
June 27
5.00

Julv 25
5.00

fo.p.)
0

1.63

6.31

6.28

-3

108.734

0.04

6.16

6.14

-2

195.119

0.84

5.49

5.50

1

50.386

50.653

0.53

7.47

7.44

-3

92 to 182 days

160.620

160.251

-0.23

7.81

7.73

-8

183 days to 1 year

200,082

206,805

3.36

7.95

7.86

-9

1 to 2-1/2 years

135,756

137,564

1.33

8.04

7.96

-8

136,501

137,481

0.72

8.01

7.94

-7

119.897

121,564

1.39

N.A.

N.A.

N.A.

2-1/2 years and over
All IRA/Kcogh Plan deposits2

FDIC-insured Savines Banks3
Amount Outstanding ($mil)
Change
June 27
Julv 25
(ncrcenO

Liabilitv Categories

Average Rate Paid (%)
Change
June 27

7.770

7,821

0.66

5.49

24,187

24,340

0.63

1.582

1.615

2.09

39,603

38,600

5.184

92 to 182 days

27.533

183 days to 1 year

36.265

1 to 2-1/2 years

23.887

NOW Accounts
Money market deposit accounts
Personal
Nonpersonal
Savings deposits
Interest-bearing time deposits
with balances of less than
$100,000 with original
maturities of:
7 to 91 days

2-1/2 years and over
AH IRA/Keogh Plan deposits

2

Julv 25
5.45

-4

6.97

6.95

-2

6.53

6.49

-4

-2.53

5.62

5.63

1

4.995

-3.65

8.16

8.14

-2

26.877

-2.38

8.31

8.24

-7

36.636

1.02

8.39

8.33

-6

24.310

1.77

8.46

8.45

-1

8.47

-2

N.A.

N.A.

21.651

21.630

-0.10

8.49

22.646

22,763

0.52

N.A.

N.A. — data are not available
NOTE: Data for earlier month may show revisions.
1. listimatcs arc based on data collected by the Federal Reserve System from a stratified random sample of about 500 commercial banks and
80 savings banks. All rates are expressed as annual effective yields.
2. Ibtal IKA and Keogh Plan deposits regardless of size, type of instrument in which held, or interest rate paid.
3.
FDIC-insured savings bnnks include both mutual and federal savings banks.