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.•oO£GOv£/-. FEDERAL RESERVE statistical release ffe^V For r e l e a s e a t 4:30 PM EDT August 17, 1989 H.6(508) Revisions to Special Supplemental Table Data presented in the Special Supplemental Table are derived from the Board's Monthly Survey of Selected Deposits. This report has been modified, effective in the July survey period, resulting in some discontinuity between the June and July data presented on the last page of this release. Data on MMDAs are now available disaggregated into personal and nonpersonal accounts; time deposits with original maturities of 7 to 91 days have been combined into one maturity class; and data on retail RPs are no longer collected. In addition, this table now presents the month-to-month changes in the volume of deposits outstanding and the interest rates. *<££&* 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 AUGUST 17, 1989 Billions of dollars Date Ml 1 M2 2 Debt5 M3 3 Seasonally adjusted 1987-AUG. SEP. OCT. NOV. DEC. 745.6 747.9 757.3 754.6 752.3 2869.6 2885.3 2902.7 2904.7 2909.9 3610. 3630. 3655. 3670. 3677. 4262.5 4293.3 4327.5 4337.2 4340.2 8043.7 8108.7 8177.8 8256.0 8310.7 1988-JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEP. OCT. NOV. DEC. 758.4 760.1 763.8 771.2 771.1 776.5 782.5 782.4 783.7 785.4 786.6 790.3 2930.5 2950.8 2969.3 2990.3 2999.8 3013.1 3023.9 3029. 3035. 3042. 3059. 3069. 3702. 3732. 3757. 3780. 3795. 3816. 3839. 3851. 3860. 3877. 3897. 3914. 4376.9 4407.2 4437.0 4475.8 4504.2 4521..1 4565..1 4583..6 4591..7 4612..5 4638..4 4675..0 8354.5 8412.5 8478.4 8540.2 8599.5 8659.1 8718.8 8784.3 8850.0 8912.4 8988.6 9052.1 1989-JAN. FEB. MAR. APR. MAY JUNE JULY p 786.3 787.4 786.3 783.1 773.3 770.5 777.2 3065. 3069. 3078. 3080. 3070. 3086. 3117. 3918. 3928. 3949. 3956. 3951, 3969. 4000. 4678. 4 4690. 6 4725. 2 4742. 2 4737. 4 4740. 0 p 9107. 2 9172. 3 9229. 4 9285. 1 9344. 0 9397. 4 p 1987-AUG. SEP. OCT. NOV. DEC. 745.2 745.5 754.1 756.5 766.4 2869.8 2878.9 2899.1 2903.9 2918.7 3609.9 3628.4 3653.1 3674.8 3688.5 4257.2 4288.0 4323.5 4344.7 4354.5 8015.2 8080.3 8148.1 8222.2 8292.8 1988-JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEP. OCT. NOV. DEC. 765.2 745.5 752.6 779.1 764.6 779.9 786.9 782.3 781.0 782.1 788.3 804.4 2941. 2938. 2962. 3001. 2990. 3015. 3031. 3030. 3028. 3038. 3057. 3077. 3710. 3720. 3751. 3786. 3785. 3816. 3840. 3852. 3858. 3874. 3902. 3924. 4393.1 4403.1 4433.4 4479.1 4492.1 4521.6 4557.1 4578.4 4586.8 4608.4 4646.2 4688.5 8337.2 8375.9 8440.7 8503.1 8562.2 8626.7 8684.5 8744.5 8815.9 8880.9 8957.5 9037.5 1989-JAN. FEB. MAR. APR. MAY JUNE JULY p 793.0 772.3 775.1 791.3 767.1 774.0 781.7 3076. 3056. 3071. 3091. 3061. 3089. 3125. 3926.2 3916.0 3944.3 3962.4 3941.8 3970.5 4002.4 4694.9 4687.5 4721.8 4744.0 4726.0 4741.0 p 9091.2 9136.4 9190.2 9248.6 9310.7 9369.5 p Not seasonally adjusted 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. 1989 TO JULY 1989 -3.0 4.9 4.4 7.3 6 Months from JAN. 1989 TO JULY 1989 -2.3 3.4 4.2 7.6 12 Months from JULY 1988 to JULY 1989 -0.7 3.1 4.2 8.5 8, 1989 (13 weeks previous) -5.2 2.7 3.3 FEB. 6, 1989 (26 weeks previous) -3.5 2.1 3.4 AUG. 8, 1988 (52 weeks previous) -0.5 2.7 4.1 Thirteen weeks ending AUGUST 7, 1989 from thirteen weeks ending: MAY 1. Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, March 1989 to June 1989, December 1988 to June 1989, and June 1988 to June 1989, respectively. Footnotes to Table 1 1. 2. 3. 4. 5. Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions\ (2) travelers checks of nonbank issuersj (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 floatj and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOH) and automatic transfer service (ATS) accounts at depository institutions, credit union share draft accounts and demand deposits at thrift institutions. Seasonally adiusted 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 commercial banks and overnight Eurodollars issued to U.S. residents by foreign branches of U.S. banks worldwide, money market deposit accounts (MMDAs), savings and smalldenomination 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 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 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 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 nonf inancial sectors are presented in month-average 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 2.1. In those releases, published levels of credit market debt are measured on a quartei—end basis and include discontinuities. H.6 ( 5 0 8 ) Table 3 MONEY STOCK MEASURES Billions of dollars Seasonally adjus;ted 3069.1 3070.6 3073.9 3950.0 3951.0 3952.5 3952.5 3950.9 3951.7 3953.9 3950.5 3953.8 3072.8 3076.4 3080.7 3084.7 3077.6 3083.6 3087.6 3089.8 3953.8 3955.5 3956.7 3958.0 3954.7 3957.7 3963.1 3967.5 3960.6 3965.8 3972.3 3971.4 3079.5 3081.9 3084.7 3087.6 3091.9 3089.6 3097.2 3105.0 3111.8 3119.3 3097.2 3114.2 3118.6 3117.0 3127.5 3960.6 3963.9 3967.3 3970.5 3974.7 3973.8 3982.7 3990.4 3997.2 4002.1 3985.8 4001.1 4003.3 3998.7 4005.2 3096.9 3123.9 3132.4 3979.5 4004.6 4011.3 773.1 772.0 773.4 3076.4 3076.3 3076.3 3071.9 3069.7 3070.5 773.6 772.7 771.6 770.5 775.9 769.3 767.7 769.1 3076.0 3076.6 3077.1 3078.2 775,5 775.3 775.0 774.1 773.7 770.8 773.2 775.5 777.2 776.9 777.0 778.8 777.2 775.9 775.7 774.1 776.9 778.7 15 22 29 783.5 782.2 781.0 778.6 774.9 772.9 JUNE 5 12 19 26 779.8 778.7 777.2 775.8 JULY 3 10 17 24 Sip AUG. 7p 1989-MAY 4-week average 4-week average 4-week average week average week average 13-week average 13-week average 13-week average Period en<ding M3 M2 Ml week average Not seasonally adjusted Ml 13-week average 4-week average 15 22 29 779.2 778.3 777.8 779.3 771.6 766.1 JUNE 5 12 19 26 777,7 777.9 777.9 777.4 JULY 3 10 17 24 31p AUG. 7p Period en<ding 1989-MAY M3 M2 week average week average 13-week average 4-week average 3063.7 3057.7 3054.3 3945.5 3946.9 3949.1 3943.2 3940.3 3940.9 3943.8 3938.7 3938.7 3066.0 3073.9 3082.4 3087.7 3088.2 3095.2 3091.9 3075.5 3951.4 3953.9 3955.9 3957.1 3947.6 3955.9 3964.7 3969.0 3969.1 3977.1 3973.8 3956.0 3081.0 3083.2 3085.2 3087.7 3092.2 3091.5 3102.2 3111.8 3121.6 3126.1 3103.2 3138.2 3130.4 3114.7 3120.9 3958.9 3961.4 3964.0 3967.2 3972.0 3973.0 3982.0 3990.4 3999.3 4002.7 3985.2 4013.1 4007.1 3991.9 3998.7 3098.3 3127.4 3143.7 3978.2 4005.2 4022.9 13-week average 4-week average 771.8 760.1 755.6 3074.1 3074.2 3074.6 3068.2 3062.1 3060.1 767.7 769.7 773.5 774.3 783.3 779.9 775.0 759.1 3075.5 3077.2 3078.7 3079.9 777.4 777.6 776.4 774.9 774.1 773.7 778.3 780.7 783.6 780.3 780.9 798.1 784.6 770.8 767.6 775.0 777.8 788.2 week average Note: Special caution should be taken in interpreting week-to-week changes in money supply data, 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 Nontransactions components Date Currency 1988-MAR. 200.7 1 Travelers checks 2 Demand deposits3 Other checkable deposits4 In M2 5 In M3 only6 7.2 288.4 267.5 2205.5 787.7 Small time deposits 8 Savings deposits7 Total At commercial banks At thrift institutions Total 238.1 421.5 398.1 554.7 952.8 At thrift institutions 183.3 commercial banks APR. MAY JUNE 202. 203. 204. 290.3 288.1 289.8 271.2 272.2 274.7 2219.1 2228.8 2236.6 790. 795. 803. 184. 186, 187. 238.8 239.3 239.8 423. 425. 427. 403. 406. 409. 560.2 564.8 566.4 963. 971. 975, JULY AUG. SEP. 206. 207. 208. 290.4 289.9 288.8 278.5 278.3 279.0 2241.4 2247.3 2251.3 815. 821. 825. 189. 190. 190. 240.5 240.9 240.3 429. 430. 430. 412. 417. 423. 568. 570. 575. 981. 988. 998. OCT. NOV. DEC. 209. 210. 211.8 288.9 287.7 288.6 279.4 281.0 282.3 2256.8 2272.7 2279.2 835. 837. 844. 189.8 192.8 192.5 239.4 239.1 238.8 429.2 431.8 431.3 430.9 436.4 443.1 578.8 581.4 582.2 1009.7 1017.8 1025.2 1989-JAN. FEB. MAR. 213, 214, 215.6 284.0 284.8 284.3 281.3 280.9 279.1 2279.4 2281.8 2291.9 853. 858. 871, 190.8 190, 188. 237. 234. 232. 427.8 424.6 420.8 451. 461. 472. 584. 587. 589. 1035.7 1048.3 1061.0 215. 216. 217. 281, 278. 275. 278.5 271.3 270.9 2296.9 2297.4 2315.8 876. 881. 883. 185. 182. 181. 227. 222. 220. 412.9 404.7 402.1 485.5 496.9 501.9 597.6 608.8 616.7 1083.1 1105.7 1118.6 278.9 273.2 2340.2 883.3 181.9 219.5 401.4 505.0 621.1 1126.1 APR. MAY JUNE JULY p 217.9 1989-JUNE 12 19 26 217.0 217.5 218.4 275.3 273.5 273.9 269.9 269.4 269.8 2314. 2319. 2320. 882. 884. 881.6 181 181 181 220. 220. 220. 402. 402. 401.8 501. 502. 502. 616, 617. 617. 1117, 1120. 1120. 217. 217. 217. 218. 218. 279.3 282.6 279.2 277.8 274.2 273.2 271.7 272.9 272.5 275.8 2320. 2335. 2341. 2341. 2351.8 888.6 886.9 884.8 881.7 877.7 181 182 181, 181, 182. 219. 219. 219. 219. 219. 401.4 401.8 401.3 400.8 401.5 502. 504. 505. 505. 505. 617.8 620.1 622.0 622.9 621.0 1120. 1124. 1127. 1128. 1126. 278.0 275.6 2353.7 879.0 182.7 219.3 402.0 506.8 622.9 1129.7 7.1 Week ending JULY 3 10 17 24 31p AUG. 7p 217.9 7.2 e Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions. ~ ' ' '" " ~ do11ai—denominated travelers checks of nonbank issuers Travelers " checks issued by depository institutions are included Outstanding amount of* U.S. in demand deposits. 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. Consists of NOW and ATS balances at all depository institutions, credit union share draft balances and demand deposits at thrift institutions. Sum of overnight RPs and overnight 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. Sum of large time deposits, term RPs and term 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 funds. This sum is seasonally adjusted as a whole. 7. Savings deposits exclude MMDAs. 8. Small denomination time deposits—includinq 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, -indicates estimated data, •indicates preliminary data. H.6 (508) Table ^-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, seasonally adjusted Large time deposits1 At commercial banks 2 Date Debt components6 Non-M3 components of L At thrift institutions Total Savings bonds Short-term Treasury securities3 Bankers acceptances4 Commercial paper5 Federal debt Non-federal debt 1988-MAR. 331.0 165.3 496.3 103.4 255.1 41.1 280.3 2006.2 6472.2 APR. MAY JUNE 331.8 334.1 339.6 167.4 168.2 168.2 499.2 502.4 507.8 104.4 105.3 106.0 261.8 264.5 257.6 41.4 41.1 40.7 287.6 297.8 300.4 2018.2 2023.2 2033.3 6522.0 6576.4 6625.8 JULY AUG. SEP. 345.5 350.8 355.0 168.5 168.6 171.7 514.0 519.4 526.7 106.8 107.4 107.9 268.7 272.6 272.8 40.7 41.2 41.7 309.8 311.3 308.8 2042.7 2059.5 2079.9 6676.1 6724.8 6770.1 OCT. NOV. DEC. 359.2 361.2 364.9 172.8 173.2 172.9 532.0 534.4 537.8 108.4 108.7 109.1 273.3 268.4 275.2 41.3 40.5 40.6 312.3 323.7 335.8 2088.8 2100.6 2114.0 6823.6 6888.0 6938.1 1989-JAN. FEB. MAR. 370.7 378.3 385.5 173.7 173.4 173.4 544.5 551.7 558.9 109.7 110.6 111.5 274.5 267.8 273.7 40.6 39.9 41.2 334.9 344.2 349.2 2122.3 2140.4 2162.6 6984.9 7032.0 7066.7 APR. MAY JUNE 392.6 395.9 396.6 175.2 176.4 176.6 567.8 572.3 573.2 112.3 112.9 113.8 p 277.4 278.0 264.7 p 41.5 41.1 41.2 p 354.2 353.5 350.5 p 2171.8 2177.0 2182.7 p 7113.3 7167.1 7214.7 p JULY P 398.5 175.5 574.0 397.4 398.7 395.5 177.1 176.6 176.2 574.5 575.3 571.7 Neek ending 1989-JUNE 12 19 26 JULY 3 10 17 24 31p 394.4 397.2 399.8 399.5 399.1 175.5 175.8 176.0 175.3 175.0 569.9 573.0 575.8 574.9 574.1 AUG. 7p 399.5 174.0 573.5 Large denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities. Large denomination time deposits at commercial banks less those held by money market mutual funds, depository institutions and foreign banks and official institutions. 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 Tunds 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. 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, •-indicates preliminary data. 09 vi^m-P w roM > > o . oro-+»• O"0"-+»-J H-coro x r o 3 CLQ) H - • ro 3 -j O Q)(Q W -J TJ W H - h Q ) 3 0 ;o< ro -J 3 Q) ro ro 3 0) -J 7T < ro 3 o 3 a. Q) 3 HH. 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H- a) w n-aro < H < Q w C 0 3 C C 0 0 3 r o 3 C C 0 ( D W 3 3 0 3 3 3 3 C L 3 0H--T 0) 3 C Q.W C W W 0) h-W 1 n-ro ro w H - 3 o o H-H--h3 c n-ro ro -J Q. W H--h-hW W 0 Q.Q-0) 3 W Q) ~HH-H--T ©3 0 H-OTQ W O h - 0 W W (0 Q.Q.CLX ro < ro -hQ) < H-ro H WO 3 0 "Jro0 0(Q"0 M - 3 0 H-C -*<D -K0(Q 1 - * - t O O 3 ( 0 C H-T 0 T <ro3 W H3"0-JOJOro H.ZZtTH-Q.0) W o> oroM < -J r*n o o o ) n-ro 3 n. rfWH(0 3 M J Z Z 3 W 3 0 Q. 7T o) c ro 3 roro<Q"o-J H-3 H Q) 0 . 3 C 3 ( 0 (!) Q) 0) W Q) 3 3 Q) -J H - 3 " 7 3 3 3 H-Q.H-C "J Q. 3 CTO (Q H- Q. "O Q. Q_ Q> Q) Q.T O J (DID 3 0 0 . 0 CO Q _ ~ H - h O Q ) COCOOOQ) O H - O O "0 ro vo i i i i 280. ^ ^ w rororo www vOvJH* ^Oso www SOO^M 4>roro o^ln ocoo^ rororo wwro MONO vicoo^ ^inin O^MO ro^ro Minro COCOCO WNO OHVO inroo^ coa>w C0C0C0 ^^W vj^-o^ rororo rororo -P-P-^ vjco^ corovi vlvlvl vivjvj rororo rororo vj<Mn rosoo^ visOsO COvJvJ WNOO^ rororo M ^ s O vlO^O rororo COCO CO cococo CO COCO CO COCO s O C O CO vlCOvJ OWO cococo rororo cocosO vJsOW ^ O M sororo vicoco OsOO inHvo SONOCO rororo vO vO Co C0OC0 COOvl vOMin ovivi sOUJO rororo O O O COvlCO rororo C0>Cmcc -DOr - c H M O •PMsO OZO moo 0 < H I O O" vO vO M 2 > 70 inoco M vl CO so vj in CO ro CO -P sococo rororo roww COMln rv>roln vivjin viroro co w co •P w w o NO row** COvlvl Os£)C0 Minin o^mw rororo rororo wroro ininro wcoin vlvlvl rororo O^vlW COCO CO vjinvi O^MrO COCOvO vjinM rororo ro sOCOsO vi H W N sO WMM o^Mvo vivj<r> vlO^O^ O O O InWM rororo L 2 > C>"0 Z<73 m . sO co co H.6 (508) Table 5-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars* not seasonally adjusted At commercial thrift banks institutions Date Total Small-denomination time deposits2 Savings deposits1 Money market deposit accounts At At thrift commercia il institutions banks Total At At commercial thrift banks institutions Total Large-denomination time deposits 3 At _ At commercial thrift banks 4 institutions Total 1983-MAR. 361.5 164.0 525.5 182.5 236.7 419.2 398.7 557.0 955.8 332.5 165.2 497.8 APR. MAY JUNE 361.0 357.8 360.7 163.3 162.7 162.5 524.2 520.5 523.2 185.0 187.1 189.6 239.4 240.6 242.7 424.5 427.7 432.3 401.4 403.3 407.6 560.8 561.8 562.9 962.2 965.1 970.5 330.1 333.2 338.2 166.0 167.3 166.6 496.1 500.5 504.8 JULY AUG. SEP. 360.3 357.7 354.5 161.6 160.0 157.0 522.0 517.7 511.4 191.5 191.0 189.8 244.5 242.8 241.1 436.0 433.7 430.9 412.5 417.2 424.2 566.8 568.8 572.7 979.4 986.0 996.9 342.9 351.3 357.0 166.3 167.9 172.2 509.5 519.2 529.1 OCT. NOV. DEC. 353.0 354.1 352.5 154.5 152.6 150.3 507.5 506.7 502.7 190.2 192.2 190.3 240.7 238.2 235.6 430.9 430.4 425.9 431.3 437.7 444.1 579.3 581.8 582.4 1010.6 1019.5 1026.5 360.8 362.4 365.6 174.7 174.9 174.1 535.4 537.3 539.6 1989-JAN. FEB. MAR. 348.3 342.5 340.1 146.8 142.9 140.2 495.2 485.3 480.3 189.3 188.2 187.8 233.6 230.5 230.7 422.8 418.7 418.4 453.0 462.8 473.0 588.5 591.6 592.0 1041.6 1054.4 1065.1 370.4 378.1 387.0 174.9 174.3 173.3 545.3 552.4 560.3 APR. MAY JUNE 336.2 327.0 328.2 135.0 130.0 128.7 471.3 457.0 456.9 186.2 183.6 183.3 227.9 223.7 223.4 414.1 407.3 406.7 483.5 493.2 499.6 598.5 605.7 612.8 1082.0 1098.9 1112.5 390.5 394.7 395.1 173.7 175.2 174.7 564.2 569.9 569.8 330.7 128.9 459.6 184.2 223.2 407.3 504.3 619.6 1123.9 395.7 173.4 569.1 329.8 328.3 326.4 128.8 128.6 127.9 458. 456. 454. 183, 182. 182. 224. 223, 222. 407.8 406.4 405.0 498, 500. 500, 612, 612. 613, 1110. 1112. 1114. 396. 395. 394. 175, 174. 174. 571. 570. 568. 328, 331, 330, 330, 331, 128. 129. 129. 128. 128. 456. 460. 460. 459, 460. 183. 185. 184. 184. 183. 223. 224. 224, 222. 221. 407. 409. 408. 406. 405. 502. 503. 504. 504. 505. 617, 618, 619. 620. 620. 1119, 1122. 1124. 1125, 1125, 393.0 393.9 395.3 396.8 398.0 174. 173. 173. 173, 172.8 567. 567. 568. 570. 334.4 129.8 464.2 184.3 222.1 406.5 506.4 621.5 1127.9 398.6 172.2 570.8 JULY |p Week ending 1989-JUNE 12 19 26 JULY 3 10 17 24 31p AUG. 7p 1. 2. 570.8 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. —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 At Institutionthrift only money commercial institutions market funds banks Date Debt components6 Non-M3 Components of L Total Term Eurodollars2 Savings bonds Short-term Treasury ^ securities"1 Bankers acceptances4 Commercial paper 5 Federal debt Non-Federal debt 1988-MAR. 97.4 43.9 68.1 112.0 91.1 103.6 257.5 40.4 280.5 1994.5 6446.2 APR. MAY JUNE 91.9 90.0 86.3 44.9 47.0 47.9 69.8 73.9 76.4 114.7 121.0 124.3 90.1 92.8 93.9 104.6 105.4 105.9 261.9 259.4 254.1 40.9 41.1 41.0 285.0 300.8 303.8 2003.1 2006.9 2016.5 6500.0 6555.3 6610.2 JULY AUG. SEP. 84.8 84.0 83.7 46.5 45.0 42.5 79.1 78.8 79.8 125.6 123.8 122.3 97.1 102.8 102.8 106.5 106.9 107.6 261.4 269.0 270.4 40.8 41.2 41.9 307.8 309.3 308.3 2024.1 2037.6 2056.6 6660.4 6706.9 6759.3 OCT. NOV. DEC. 84.6 87.4 87.6 42.9 45.1 40,0 81.9 82.4 83.0 124.7 127.5 123.1 100.2 101.6 105.8 108.3 108.7 109.2 270.7 274.3 281.7 41.5 40.9 41.0 313.1 320.0 332.5 2069.0 2090.0 2111.8 6811.9 6867.5 6925.7 1989-JAN. FEB. MAR. 89.3 89.6 87.6 40.5 44.3 45.9 83.5 82.8 83.5 124.1 127.1 129.4 100.5 100.1 106.0 110.1 111.0 111.7 279.0 274.4 275.9 40.3 39.8 40.5 339.4 346.3 349.4 2121.4 2133.6 2149.0 6969.9 7002.8 7041.2 APR. MAY JUNE 87.7 91.6 95.1 43.5 42.3 41.7 83.6 84.9 85.2 127.0 127.2 126.9 101.8 101.0 99.7 112.4 113.0 113.7 p 277.4 272.7 260.8 p 41.0 41.2 41.5 p 350.8 357.4 354.5 p 2155.1 2159.5 2165.2 p 7093.5 7151.2 7204.3 p JULY p 98.2 41.8 79.1 120.9 100.0 94.1 95.2 96.8 40.9 41.1 42.7 86.5 85.8 84.3 127.4 126.9 127.1 98.9 99.1 98.7 Neek ending 1989-JUNE 12 19 26 JULY 3 10 17 24 31p 95.7 96.7 98.7 99.6 98.8 43.0 42.2 41.1 40.6 42.7 82.2 79.9 77.9 79.7 77.8 125.2 122.1 119.0 120.2 120.5 104.3 99.9 101.0 98.6 98.8 AUG. 7p 101.8 41.3 77.9 119.2 98.5 Term RPs are those with original maturities greater than one day, excluding continuing contracts and retail RPs. Includes a relatively small amount of overniqht RPs at thrift institutions. 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 bankinq 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. 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, -indicates preliminary data. H.6 ( 5 0 8 ) Table 6 MEMORANDUM ITEMS Billions of dollars, not seasonally adjusted Demand deposits at banks due to Foreign Foreign commercial official banks institutions Date IRA and Keogh Accounts U.S. government deposiits Time and savings deposits due to foreign banks and official institutions Demand deposits at commercial banks Balance at Federal Reserve Note balances at depository institutions Total cash balance Time and savings At At deposits at commercial commercia 1 m thrift institutions banks banks At money market funds Total 1988-MAR. 9.3 1.6 4.2 3.6 2.9 18.7 25.2 1.6 85.5 113.2 17.1 215.8 APR. MAY JUNE 9.1 9.2 9.6 1.9 1.7 1.8 4.3 4.2 4.2 5.3 3.3 4.3 5.1 7.2 4.1 16.4 27.1 16.7 26.8 37.5 25.0 1.6 1.6 1.7 87.3 88.8 89.4 115.4 116.5 117.7 18.0 18.6 18.4 220.7 223.9 225.5 JULY AUG. SEP. 10.0 9.3 9.6 1.9 1.7 1.6 4.3 4.3 4.3 3.4 3.0 4.1 3.9 3.2 7.4 18.6 8.9 20.4 25.9 15.1 32.0 1.7 1.6 1.5 90.2 91.2 91.8 119.0 119.5 120.5 18.5 18.7 18.7 227.7 229.4 231.0 OCT. NOV. DEC. 9.2 9.4 9.7 1.6 1.8 1.9 4.3 4.3 4.2 3.2 3.4 4.2 6.2 5.2 5.5 24.5 12.8 18.7 34.0 21.5 28.4 1.5 1.5 1.6 92.5 93.3 93.9 121.5 121.8 122.6 18.8 19.6 20.5 232.9 234.7 237.0 1989-JAN. FEB. MAR. 9.5 9.5 9.0 1.8 1.8 1.7 4.2 4.2 4.1 4.0 3.7 3.8 8.1 5.8 5.2 21.0 22.2 14.3 33.1 31.7 23.3 1.5 1.5 1.5 95.1 96.2 97.4 123.7 124.3 125.4 20.7 21.2 22.2 239.5 241.7 244.9 APR. MAY JUNE 9.0 8.9 9.9 1.7 1.7 1.8 4.1 4.2 4.2 5.2 3.3 •4.6 8.9 14.1 9.7 15.0 31.0 21.6 29.0 48.5 35.8 1.6 1.6 1.5 99.9 101.8 102.8 127.3 128.5 129.9 23.3 e 24.0 e 24.0 e 250.5 e 254.3 e 256.7 e JULY 9.8 1.8 4.1 3.4 6.4 19.6 29.4 1.5 104.1 131.2 e 24.0 e 259.4 e 10.0 8.9 9.9 1.9 1.8 1.8 4.2 4.2 4.2 3.3 7.9 3.6 5.5 5.9 17.9 9.2 22.2 31.4 18.0 36.0 52.9 1.5 1.5 1.5 Neek ending 1989-JUNE 12 19 26 JULY 3 10 17 24 31p 9.5 10.7 9.5 9.8 9.2 1.9 1.8 1.9 1.7 1.7 4.2 4.1 4.1 4.1 4.1 3.3 4.1 3.4 3.0 3.1 14.3 6.8 5.3 5.1 5.0 29.6 16.2 17.0 20.5 20.5 47.2 27.1 25.7 28.6 28.6 1.5 1.5 1.5 1.5 1.5 AUG. 7p 9.9 1.9 4.1 3.5 5.3 6.1 14.9 1.5 e--indicates estimated data. p--indicates preliminary data. 11.6(508) Special Supple me nlaiy Ihble Monthly Survey of Selected Deposits: June 28,1989 and July 26,1989 1 (nol seasonally adjusted) Insured Commercial Banks Amount O u t s t a n d i n g J u n e 28 Liability Categories J u l y 26 Average > R a t e P a i d ($m±D Change (percent) J u n e 28 J u l y 26 (%) Change (b.p.) 177,803 182,812 2.82 5.12 5.09 N.M. N.A. 227,961 N.A. N.A. 6.56 N.A. Nonpersonal N.A. 102,316 N.A. N.A. 6.47 N.A. Savings deposits 179,627 180,401 0.43 5.61 5.55 N.M. 38,192 38,827 1.66 8.23 8.04 -19 92 to 182 days 145,619 145,820 0.14 8.46 8.24 -22 183 days to 1 year 161,470 167,048 3.45 8.62 8.30 -32 1 to 2-1/2 years 123,105 124,402 1.05 8.58 8.27 -31 2-1/2 years and over 133,972 132,816 -0.86 8.51 8.21 -30 103,157 104,906 1.70 N.A. N.A. N.A. NOW Accounts Money market deposit accounts Personal Interest-bearing time deposits with balances of less than $100,000 with original maturities of: 7 to 91 days All IRA/Keogh Plan deposits2 FDIC-Insured Savings Banks 3 Average Rate Paid Amount Outstanding ($mil) Liability Categories June 28 NOW Accounts Money market deposit accounts Personal July 26 Change (percent) June 28 July 26 (%) Change (b.p.) 7,460 7,321 -1.86 5.41 5.39 N.M. N.A. 24,782 N.A. N.A. 7.27 N.A. Nonpersonal N.A. 1,754 N.A. N.A. 6.68 N.A. Savings deposits 1,556 39,726 -2.05 5.71 5.64 N.M. Interest-bearing time deposits with balances of less than $100,000 with original maturities of: 7 to 91 days 5,772 5,293 -8.30 9.23 9.01 -22 92 to 182 days 25,598 24,990 -2.38 9.13 8.64 -49 183 days to 1 year 37,146 35,652 -4.02 9.11 8.61 -50 1 to 2-1/2 years 25,818 29,266 13.36 9.04 8.70 -34 23,798 23,377 -1.77 8.94 8.69 -25 22,392 -0.39 N.A. N.A. N.A. 2-1/2 years and over All IRA/Keogh Plan deposits 2 22,479 N.A. — data are not available N.M. -- not meaningful owing to series break. 1. Estimates are 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. Total IRA and Keogh Plan deposits regardless of size, type of instrument in which held, or interest rate paid. 3. FDIC-insured savings banks include both mutual and federal savings banks.
@FedFRASER