Full text of H.6 Money Stock Measures : August 20, 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

AUGUST

Billions of dollars
M1
Sum of currency,
travelers checks.
demand deposits and
other checkable deposits1

Date

M2
M1 plus overnight RPs
and Eurodollars,
MMMF balances (gen. pur.
and broker/dealer), MMDAs,
and savings and small
time deposits2

M3
M2 plus
large time deposits,
term RPs, term Eurodollars
and institution-only
MMMF balances'

20,

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectorss

Seasonally adjusted

198o—JULY
AUG.
5£PT.
OCT.
MOV.
DEC

1987 — J A N -

FLB.
flAfa.
APfi.
HAY

JUNE
JULY P

67o.6
687.0
693. 1
701.4
712.4
730.5

2693.8
2718.4
2736.3
2760.7
2775.4
2800.1

3366.3
3396.8
3422.0
3442.2
3460.1
3489.1

3998.8
4027.7
4057.0
4082.7
4108.5
4141.1

7234.4
7318.6
7400.7
7456.8
7530.1
7o30.4

737.7
737.4
739.5
750.3
753.1
746.6
747.6

2622.2
2821.5
2824.7
2636.2
2839.0
2841.3
2847.8

3514.8
3518.4
3523.1
3539.1
3553.0
3568.4
3574.2

4174.1
4182.6
4172.4
4186.1
4218.0
4222.8

7t>95.0
7727.4
778U.7
76*5.1
791*4.6
7979.5

Not seasonally adjusted

198b—JULY
AUG.
Si. P I .
OCT.
MOV.
D£U

1Sr:7

!
i

JAM.

aAfi.
APE.
tfAY
JUNi,
JULY P

680.4
685.2
O91.2
698.9
715.4
746.5

2700.4
2715.8
2728.8
2757.1
2777.7
2813.6

3368.5
3392.3
3416.4
3438.7
3464.4
3504.4

3999.J
4024.5
4051.1
4077.0
4111.3
4154.5

7198.9
7287.3
7J78.3
7440.5
751^.5
7623.1

744.4
723.3
728.9
757.5

2832.4
2809.5
2818.4
2846.9
2827.9
2842.5
2854.9

3525.5
3508.7
3520.2
3547.2
3543.2
3566.3
3574.1

4185.5
4174.4
4175.7
4194.1
4202.4
422^.0

7689.4
7712.4
7758.6
7817.5
7878.2
7*37.7

744.9

!

749. 1
751.5

M1
For period ended
13-week average

1987-JOLX

AUG.

fcuTJL:

Seasonally adjusted
4-week average

week average

13-week average

Not seasonally adjusted
4-week average

week average

6
13
20
27

750.5
750.5
749.8
749.1

746.6
746.5
746.0
747.7

750.2
743.4
747.9
749.1

751.4
751.4
749.6
748.6

750.7
751.3
752.9
753.5

769.4
757.7
750.2
736.8

3 P
10 P

749.3
749.2

748.0
749.5

751.7
74 9.2

748.4
749.2

748.0
74 7.8

747. 1
757.0

JPLC1AL CAUTION SHOULD BE TAKEN IN INTEHPHEIING
dlGHLY VOLATILE AND SUtiJrICT TO BEYISION.
P—INDICATES PHELIHINAfiY DATA.
FOOTNOTES APPEAB ON THE fOLLOfING PAGE




WEEK-TO-MEEK CHANGES IN dOMiSY SUPPLY DATA,

i H I C b AHE

H.6 (508)
Table 2

MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES
Percent change at seasonally adjusted annual rates

M1
3 HONTHS FROM APR.

1987 TO JULY

1987

6 HONTHS FROH JAN.

1987 TO JULY

1987

12 HONTHS FROH JULY

1986 TO JULY

1987

M2

M3

Debt1

1.4

4.0

3.8

2.7

1.8

3.4

4.4

10. 5

5.7

6.1

11.9

THIRTEEN WEEKS ENDING AUG. 10, 1987
FROH THIRTEEN WEEKS ENDING:
HAY

1/

1/

2/

3/

4/
5/

11, 1987 (13 WEEKS PREVIOUS)

FEB.

9, 1987 (26 WEEKS PREVIOUS)

5.3

AUG.

11, 1986 (52 WEEKS PREVIOUS)

11.6

GROWTH RATES FOR DEBT ARE BASED ON PERIODS BEGINNING AND ENDING ONE MONTH EARLIER THAN FOR THK MONETARY AGGREGATES,
NAMELY, MARCH 1987 TO JUNE 1987, DECEMBER 1986 TO JUNE 1987, AND JUNE 1986 TO JUNE 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 FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS
OF COLLECTION AND tEDSRkL 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, RESPECTIVELX, HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF HI 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, HMDAS, SAVINGS AND SMALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL R P S — I N AMOUNTS OF LESS THAN $100,000), AND BALANCES I* BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER HONEY MARKET MUTUAL FUNDS. EXCLUDES IRA AND KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND MONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMERCIAL
BANKS, HONEY HARKET FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COHHERCIAL BANKS, AND
THE U.S. GOVERNHENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTHENT 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 TIME DEPOSITS (IN AMOUNTS OF $100,000 OR HORE) AND TfiRH RP LIABILITIES ISSUED
BY COHMERCIAL 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 HARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, HONEY
MARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTHENT THAT REPRESENTS
THE ESTIMATED AHOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS.
CONSISTS OF HJ PLUS THE NONBANK PUBLIC HOLDINGS O^ U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF HONEY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL 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 BQHDS€ MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMHERCIAL PAPER, BANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ARE DERIVED FROM THK FEDEHAL 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 HONTfiS. THESE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT HAY AEISE IN THE UNDERLYING FLOW OF FUNDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS faLLEASU DIFFERS, THEREFORE, FROM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED
IN THK FEDERAL RESERVE RELEASES Z.7 Afc'Lt Z.1. IN THOSE RELEASES, PUBLISHED LKVELS OF CREDIT HARKET DEBT ARE MEASURED ON
A QUARTER-END BASIS AND INCLUDE DISCONTINUITIES.




H.6(S06)
Tabf«3

COMPONENTS OF THE MONEY STOCK
BJfltont of dollars, aaaaonatty adjusted
Nontrawsacttona
oomp< •oaota
lnM3
OfV
ktfttiP

7
Siwtngs dapoal la
at
at
thrift
total
commercial
institutions
banks

Salactad nontranaactk •na Wama
8miill tlmadapoi•its"
at
at
tnrtft
total
commarcial
Institutions
banks

LarcM tlma dapa•Ms"
at
at
commarclal
total
1
Institution*
banks *

Trawalsrs
cfwcks*

Demand

Othar
cnackabta
dapoalta4

179.0
179.7

b.3
6,4
6.4

288.2
291.2
292.2

204.5
210.4
214.7

2017.2
2031.4
2043.2

674.5
678.4
685.7

137.5
141. 1

193.3
197.2
200.3

327.4
334.6
341.4

380.0
377.0
374. 1

i>U0. 9
499.b
498.1

660.9
876.7
872.2

289.5
290.1
289.8

158*7

446.3
449.4
448.4

OCT.
NOV.
DKC.

181.2
182.4
183.^>

6.4
6.4
6.4

293.4
297.8
308.3

220.3
22 5.8
232.3

2059.3
2063.1
2069.7

681.5
684.6
689.0

145.8
150.2
154. i>

204.7
208.3
211.8

350.5
158.5
366.3

370.0
365.9
364.7

494.6
491.3
488.7

86 4.7
857.1
853.5

288. 1
289.9
291.6

157.4
155.9
155, J

445.5
445.8
44/. 1

1987-JAN.
FEB.
MAR.

186.0
187.2
187.7

6.5
6.7
6.8

305.1
300.8
299-3

240.1
242.9
245.7

2084.5
2084.0
2085.2

692.6
696.9
698.4

159.8
164.4
168.3

216.9
222.7
228.0

376.7
387.2
396.3

364.7
362.6
360.0

486.9
485.8
485.8

851.6
£48.3
845.9

295.7
296.0
29 9.0

154.0
152.3
151.1

449.7
448.2
450. 1

APH.
NAY
JUNE

188.9
190.2
191.1

6.8
6.7
6.8

303.9
303.9
297.4

250.7
252.2
251.2

2087.9
2085.9
2094.7

700.9 1 172.2 23 3.8
237.2
174.5
714.1
!
175.5 239.7
727.1

406.1
411.7
415.2

357.5
357.1
360.2

486.3
486.1
490.3

843.9
843.3
850.4

305.9
310.7
315.0

148.7
149.0
150.1

454.6
459.7
465.1

JULY P

192. 1

6.7

296.2

252.5

2100.^

726.5

416.8

363,4

495.4

858.8

31J.7

15 U i

464.9

Data

1986-JULY
AUG.
SEPT.

Currency*

177.6

1

134.0

176.6

240.2

150.9
1S9.J

MEEK ENDING

1987
JULI

AUG.

6
13
20
21

191.3
192- 1
192.3
192.7

301.0
293.6
295.7
295.7

251.2
250.9
253.2
253.9

176.3
176.0
176.4
177. 1

362.1
362.8
363.4
364.2

3P
10 P

192. 1
192.9

298.4
295,7

254.4
253.8

177.7
178.0

364.9
365.2

1/

i

312.7
315.1
313.8
313. 1

i

313.3
314.7

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND VAULTS OF COflflERCIAL BANKS. EXCLUDES XHE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
2/ 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 DOMESTIC BASKS, THE 0.3. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND FEOEHkL RESERVE FLOAT.
EXCLUDES TH£ ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
4/ CONSISTS OF NOW AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS.
5/ SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, HONEY MARKET FUND BALANCES (GEHEBkL PURPOSE AND BROKER/DEALER),
HNDAS, AND SAVINGS AND SMALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF
DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS LIABILITIES.
6/ SUM OF LARGE TIME DEPOSITS, TERM RPS AND TERM EURODOLLARS OF U.S. HESIDBHTS, MONEY MARKET FUUD BALANCES (INSTITUTIONONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY
INSTITUTION-ONLY HONEY MARKET FUNDS.
7/ SAVINGS DEPOSITS EXCLUDE HMDAS.
8/ SHALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL R P S — ABE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SMALL
TIME DEPOSITS.
9/ LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
10/' LAtiGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD bl MONEY 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

39.8

212.6

1694.0

5474,3

JOLI
AUG.
SEPT.

84.3
85.3
86.4

292.6
288.7
287.9

39.0
37.3
36.9

214.5
219.7
223.9

1713.5
1727.8
1743.3

5520.9
5590.9
5657.4

OCT.
MOV.
DEC.

87.7
89.8
91.7

286.7
292.2
292.4

37.7
37.5

228.4
228.4
230.2

1753.8
1774.9
1804.5

5703.0
5 755.2
?B25.9

1987-JAN.

92.7
93.5
94.3

289.3
291.7
276.1

37.8
39.3
39.8

239.7
239.8
239.1

1814.8
1819.3
1828.2

5880.3
5908.2
5952.5

95.1
95.9
96.5

265.8
272.4
265.6

41.2
42.4
43.5

244.9
254,3
248.8

1841. 1
1864.2
1887.4

6004.0
6050.3

APB.
HAY

JUNE P

3/

commercial paper3

298.3

TRB+
HAS.

2/

Non-M3 components c
short-term treasury
banke
securities1

83.5

1986-JUNE

1/

savings bonds

3a. o

6092. 1

CONSISTS OF U.S. TBEASUBI BILLS AND COUPONS WITH REMAINING BATUBITIES OF LESS THAN 12 flONTHS HELD BY OTHEB THAN DEPOSITOR!
INSTITUTIONS, FEDEBAL BESEBVE BANKS, HONEY MARKET HOTUAL FUNDS AND FOBEIGN ENTITIES.
NET OF BANKBBS ACCEPTANCES HELD BI ACCEPTING BANKS, FEDEBAL RESERVE BANKS, FOBEIGN OFFICIAL INSTITUTIONS, THE FEDEBAL
HOHE LOAN BANK STSTEfl AND WONEl HABKET MUTUAL FUNDS.
TOTAL COHHEBCIAL PAPEB LESS COBHEBCIAL PAPEfi HELD BY HONEY flABKET ttUTUAL FUNDS.
DEBT DATA ABB ON A flONTHLT AVEBAGE BASIS, DERIVED BY A?EBAGING END-OF-HONTH LEVELS OF ADJACENT HONTHS, AND HAVE BEEN
ADJUSTED TO BEHOVE DISCONTINUITIES.




H 6 (SOB)
Table 5

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions o' <iollars. not seasonally adjusted
Nontransactions components

Other checkable deposits

Date

Currency

Demand
deposits3

at commercial
banks4

in M2*

at thrift

in M3 only7

Overnight
RPs8

Overnight
Eurodollars'

purpose and
broker/dealer
money market
funds

179.1
179.9
179.5

290.5
289.4
291.3

139.3
143.0
146.9

64.3
65.6
66.6

203.6
206.6
213.5

2020. 1
2030.6
2037.6

668. 1
676.5
68 7.5

54.6
57.6
55.5

17.2
17.1
17.3

199.7
200.5

OCT.
NOV.
DEC

180.9
183.2
186.2

293.0
300.1
319.5

150.4
155.7
162.8

68.0
70.3
72.2

218.5
226.0
235.0

2058.2
2062.2
2067.1

681.6
686*7
690. 7

58.1
57.9
58.3

19.4
18.8
19.0

,406.9
20/. 1

1987-JAN.
FEB.
HAS.

184.6
184.8
186.0

311.0
292.0
291.5

169.8
167.6
170.4

73.1
72.7
74.5

242.8
240.3
245.0

2088.0
2086.2
2089.5

693.1
699.1
701.8

61.2
59.2
56.7

22.3
19.5
18.6

JOV.Q

APE.
HAY
JUNE

188.0
190.2
191.9

305.8
298.8
298.8

178.6
171.7
172.9

78.8
77.8
78.4

257.4
249.4
251.3

2089.3
2083.0
2093.3 |

700.3
715.3
723.9

54.4
53.3
53.0

20.7
20.9
20.4

211.0
209.1
210.2

JULY P

193.8

298.7

172.9

78.5

251.4

2103.4 i

719.2

54.4

19.7

210.4

6
13
20
27

195.1
194.3
193.5
192.6

311.6
301.8
2*7.8
289.2

174.7
174.1
172.5
170.9

80.4
79.8
78.6
76.2

255.2
254.0
251.1
247.1

48.2
53.9
55.2
57.2

16.3
19.2
19.4
22.0

208.6
210.6
210.2
211.3

3P
10 P

193.1
195.5

295.4
297.7

172.8
176.3

77.8
79.6

250.6
255.9

58.2
58.4

21.8
18.4

211.7
213.1

1986-JUL*
AUG.
SEPT.

210.7
211.6

WEEK ENDING:
1987-JULI

AUG.

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

CUBRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERV& BANKS AMD THE VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AflOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEHAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE 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 NO* AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOR&IGH BAMLS, AND EDGE ACT
CORPORATIONS.
CONSISTS OF NOH AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEHAND DEPOSITS AT THRIFTS.
SUM OF OVERNIGHT RPS AND EURODOLLARS, HONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BttOKEft/DEALER), HMDAS AND SAVINGS
AND SMALL 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 EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT UfcPBESENTS THE ESTIMATED AMuUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY
HONEY MARKET MUTUAL FUNDS.
CONSISTS OF OVfcRNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
HONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKEK/DEALEK)•
ISSUED BY FOREIGN bKANCHES OF U.S. BANKS WOKLi>«IDE 10 U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE ANJ




H 6 (508)
Table 5-continued

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

Date

Money rnarket deposit accounts
at
at
total
thrift
commercial
institutions
banks

at
commercial
banks

Savings deposits'
at
thrift
institutions

total

Small denomination time deposits2
at
at
total
commercial
thrift
banks
institutions

Large denomination time deposits3
at
at
thrift
commercial
total
banks4
institutions

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

3J0.1
3J3.2
3J9.6

380.4
378.5
37^.9

500.5
498.9
497.4

877*5
87J.3

286.7
289.9
491.2

158.1
159.3
159.1

444.8
449.2
450.3

OCT.
NOV.
DEC.

372.6
375.9
379.0

191.9
192.8
192.4

564.4
568.7
571.4

146.4
150.J
153.8

204.8
209.0
211.8

351.2
359.3
365.6

371.3
366.7
364.4

496.1
492.8
489.8

867.3
8b9.5
854.2

289.J
290.6
293.2

157.8
156.0
154.9

447.1
446.7
448.1

1987-JAH.
HAR.

381.7
378.5
378.2

192.5
192.3
192.3

574.3
570.8
570.6

159.2
162.8
167.2

217.1
221.8
227.9

376.4
384.6
395.1

364.4
362.1
359.7

490.0
488.3
486.1

854.4
8^0.4
845.8

296.9
298.1
301.3

154.4
153.1
151.2

451.3
451.2
452.5

APR.
HAY
JUNE

375.4
368.9
367.6

190.0
188.3
185.9

565.5
557.1
553.5

172.1
174.8
176.6

234.0
237.8
240.8

406.1
412.7
417.5

355.6
355.7
359.7

484.7
482.8
487.5

840.3
838.5
847.2

303. 2
309.2
311.9

148.0
149.0
149.7

451.2
458.3
461.6

JULY P

365.3

182.8

548.1

178.4

241.9

420.3

363.9

495.0

858.9

310.4

150.5

460.9

1986-JULY
AUG.
SEPT.

SEEK ENDING

1987
JULY

AOG.

1/
2/
3/
4/

27

365.9
366.2
365.5
364.2

178.5
178.5
178.5
178.3

362.6
363.4
363.9
364.5

309.0
J10.6
J10.2
311.0

3 P
10 P

364.1
364.9

178.4
178.8

365.6
366.4

311.2
J1J.0

6
13
20

SAVINGS DEPOSITS EXCLUDE HHDAS.
SHALL DENOHINATION TIHB DEPOSITS ~ INCLUDING RETAIL RPS ~ ARE THOSE ISSUED IM AflOUMTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREHEHT ACCOUNTS (IBA) AND KEOGH ACCOUNTS AT COHHEHCIAL BANKS AND THRIFTS ARE SUBTRACTED FROH SHALL
TIHE DEPOSITS.
LARGE DJSNOHINATION TIHE DEPOSITS ARE THOSE ISSUED IN AHOUNTS OF $100,000 OR WO HE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DEHQHINATION TIHE DEPOSITS AT COHHERCIAL BANKS LESS THOSE HELD BI HONEY HARKET HUTUAL FUNDS, DEPOSITOR!
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (508)
Table 5-continued

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

Noo M3 Components of L

Components of Oebt

Institution
only money
market funds

at commercial
banks

77.5
80.8
84.41

33.2
34.0
35.6

41.2
41.2
42.2

74.4
75.2
77.9

78.3
78.0
81.4

84.2
85.2
86.4

292.1

290.2
287.8

J9.2
37,9
37.4

215.3
219.0
223. 1

1695.6
1713.3
1734.5

5503.3
5574.0
5643.8

OCT.
NOV.
DEC

84.5
84.4
84.1

34.3
36.9
34.9

43.7
45.5
47.1

78.0
82.4
82.0

78.0
79.3
83.0

87.8
89.9
91.9

283.8
291.0
292.2

J8.0
38.0
37.4

228.7
227.9
228.7

17*a,6
1771.7
1803.3

5691.9
6743.7
5819.8

1987-JAN.
FSB.
MAR.

84.0
84.7
84.9

33.4
34.5
33.9

47.8
50.4
51.0

81.2
84.9
84.9

84.8
87.6
88.2

92.7
93.5
94.3

290.1
292.9
281.8

37.8
J8.9
39. J

239.3
240.4
240.2

1816.9
1B26.7
1436.2

5672.5
5885.7
5920.4

APB.
HAT
JUNE

83.1
81.8
81.3

36.8
38.4
37.5

54.2
57.9
60.9

91.0
96.4
98.4

84.1
87.6
90.3

95.1
95.8
96.5

267.6
267.6
263.9

40.5
42.2
43.5

243.8
253.6
251.8

1*46. 7
1857.8
1S69.1

5970.7
6020.4
6068.6

JULI p

83.4

35.3

61.2

96.5

86.8

6
13
20
27

81.7
82.7
83.9
84.4

38.8
34.4
34.2
34.5

3 P
10 P

84.5
83.8

34.7
35.0

Date

1986-JULI
AUG.
SEPT,

at thrift
institutions

total

Term
Eurodollars*

Savings
bonds

Short-term
treasury
securities*

Bankers
acceptances 4

Commercial
paper 1

Fsderaldebt*

Non-Federal 9
debt

WEEK ENDING;
1987-JOLY

AUG.

1/
2/
3/
4/
5/
6/

TERM RPS ARE THOSE WITH ORIGINAL HATORITIES GREATER THAN OWE DAI, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS. INCLUDES
A RELATIVELI SHALL AHOUNT OF OfERNIGHT RPS AT THRIFT INSTITUTIONS.
TERfl EURODOLLARS ARE THOSE WITH ORIGINAL AATUfllTIES GREATER THAN ONE DAI. CONSISTS OF THOSE ISSUED TO 0.S. RESIDENTS BI
FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE AND BY ALL BANKING OFFICES IN THE UNITED KINGDOH AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITORI INSTITUTIONS AND flONEI HARKET H0TUAL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AND COUPONS VITtf REMAINING fiATUfilTIES OF LESS THAN 12 MONTHS HELD BY OTHER THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, HONEY MARKET (IUTUAL FUNDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING bANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOHE LOAN BANK SISTEfl AND HONEY MARKET MUTUAL FUSDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY HONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DURUfED BY AVERAGING BHD-OP-MONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6 (508)
Table 6

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

Date

1986-JULI
AUG.
SEPT.
OCT.
NOY.

DEC

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

U. government deposits
U.S.
its
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

9.7
9.5
9.9

1.9
1.7
1.8

4.2
4.2
4.2

3.6
3.0
3.6

3.8
3.2
5.6

13.2
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
10.2
10.5

176.6
176.7
177.2

10.0

1.8
2.0
1.8

4.2
4.1
4.1

3.4
3.4
3.7

3.4
3.2
3.7

11.8
11.9
15.5

18.6
18.4
22.9

1.8
1.7
1.7

71.6
72.1
72.8

95.6
95.6
96.2

10.8
10.7
10.7

178.1
178.4
179.7

10.8
11.0
11.2

181.4
182.8
185.4

9.7
9.9

commercial
banks

thrift
institutions

money
market
mutual funds

total

1 9 8 7 - JAM.
FEB.
BAR.

10.4
9.9
9.5

1.8
1.7
1.7

4.0
4.0
4.0

3.7
3.3
3.5

9.6
5.0
3.1

23.8
25.2
13.6

37.1
33.6
20.3

1.7
1.6
1.6

73.4
74.0
75.4

97.2
97.7
98.8

APR.
«AI
JUUE

9.7
9.6
9.8

1.9
2.1
2.0

3.9
3.9
3.9

5.0
3.4
3.6

7.0

16.0
8.7

16.6
27.4
21.8

28.5
46.8
34.2

1.7
1.8
1.8

78.5
79.2
79.5

101.0
101.7
102.3

12.4
12.8e
12. 8e

191.8
193.7e
19«.5e

JULY P

9.7

2.0

3.8

3.3

5.3

23.3

31.9

1.8

80.1

103. 1e

12. 8e

196. Oe

6
13
20
27

10.3

2.2
2.0
2.1
1.9

3.8
3.8
3.8

4.2
2.9
3.6
2.7

6.5
6.0
4.6
4.5

24.4
27.0
26.7
19.9

35.1
35.8
34.9
27.2

1.8
1.8
1.8
1.8

3 P
10 P

10.2

1.9
2.3

3.8
3.8

3.2
3.1

5.0
3.5

15.4
15.8

23.6
22.4

1.8
1.8

WEEK E I D I H G :

1987
JOLT

AUG.




9.6
9.5
9.3

9.7

3.7

-

SPECIAL SUPPLEMENTARY TABLE
Monthly Survey of Selected Deposit* and Other Accounts
At A l l Insured Commercial Banks and FDIC-Insured Savings Banks 1
June 2 4 . 1987 and July 2 9 . 1987
(not seasonally adjusted)
Insured Commercial Banks
Amount Outstanding f$nll)
Average Rate Paid (Z)
June 24
Julv_29
June 24
July 29

Liability Categories

Number of Issuing Banks
June 24"
July 29

NCV accounts2

163.363

164.438

4.91

4.91

13,377

13,340

Money market deposit accounts3

362,085

361,026

5.20

5.23

12,910

12,802

173,672

175,814

5.17

5.17

13,276

13,291

Savings accounts

4

Interest-bearing time deposits with
balances of l e t s than $100,000
with original maturities of: 5
7 to 31 days
(standard error of the estimate)

6,570
(781)

6,771
(815)

5.70

5.68

8,499

8,313

32 to 91 days
(standard error of the estimate)

22.519
(2,263)

22,486
(2,512)

5.95

5.97

12,826

12,744

92 to 182 days
(standard error of the estimate)

128,291
(3,379)

129,117
(3,361)

6.21

6.22

13,683

13,640

183 days to 1 year
(standard error of the estimate)

83,090
(4,996)

86,530
(5,199)

6.65

6.64

13,143

13,103

over 1 year to 2-1/2 years
(standard error of the estimate)

83,891
(2,576)

85.340
(2.661)

6.89

6.92

13,433

13,298

2-1/2 years ami over
(standard error of the estimate)

120,226
(2,847)

120,284
(2,854)

7.23

7.31

13,404

13,367

All IRA/Keogh Plan depos-its6
(standard error of the estimate)

79,608
(346)

80,420
(388)

N.A.

N.A.

12,993

13,064

Retail repurchase agreements7
(standard error of the estimate)

1,252
(226)

1,031
(190)

5.28

5.40

2,289

2,330

FDIC-Insured Savlnga Banks
Average Rate Paid (Z)
Amount Outstanding f$mil)
June 24
July 29
June 24*
July 29

Liability Categories
NOW accounts2
Money market deposit accounts

3

Savings accounts*
Interest-bearing time deposits with
balances of less than $100,000
with original maturities of: 5
7 to 31 days
(standard error of the estimate)

Number of Issuing Banks
June 2'i
July 29

6,183

6,317

5.22

5.24

327

330

36,506

35,881

5.50

5.53

360

363

41,232

41,295

5.43

5.44

376

379

185
(34)

178
(34)

5.72

5.80

102

101

32 to 91 days
(standard error of the estimate)

1,811
(395)

1,746
(427)

6.38

6.22

290

293

92 to 182 days
(standard error of the estimate)

20,469
(1,691)

20,618
(1,680)

6.64

6.73

360

363

183 days to 1 year
(standard error of the estimate)

19,115
(761)

20,026
067)

7.01

7.08

363

366

over 1 year to 2-1/2 years
(standard error of the estimate)

17,563
(1,102)

18,266
(1.129)

7.06

7.30

364

356

2-1/2 years and over
(standard error of the estimate)

25,021
(1,439)

24,625
(1,486)

7.45

7.58

371

374

All IRA and Keogh Plan deposits 6
(standard error of the estimate)

16,841
(465)

16,972
(456)

N.A.

N.A.

369

372

Retail repurchase agreements7
(standard error of the estimate)

94
(46)

89
(44)

5.78

5.83

16

13

MOTH The loner panel of this table now presents dats for both mutual and federal aavings banks.
b

o«#data collected by the Federal tesezve from a stratified random sample of about 550 banks

5 ! J o f S 2 I f 7 i 9 8 6 intereet rate ceiling, w*re removed from all MM accounted Beginning with the January 1986
L t / t h . «oVacco«t category include, all NOW accounts, including those accounts *Mch mire subject to a 5.25 percent regulatory interest rate restriction prior to January I , 1986. Batlmates for this category are based on reports
of aeoosit*. The NOW mecomat Tate is resorted aa a simple annual rate.
market deooslt accounts (MMDAs)—Deposits mlth no required minimum maturity but institutions must reserve
ttiSTit
U - t sewn day'Tnoiice prior to mltfafrawml, no restriction, on depositor e l i g i b i l i t y , or
ns on the amount of interest that may be paid; sack accounts may
limitations
y allow op
p to six transfers ptr month, no
l i i d withdrawal,
i t h d l
b - a l l , massenger.
massenger or in parson
more thin three of which may be draft and may per*t unlimited
by
parson.
Estimates for this category are baaed on r ^ r t s of deposits. The MJf» rate i s reported a. a simple annul
4. Savings deposits that, becauae of reatrictiona on transaction., do not sset the definition of an MMDA.
Estimates for thla category are baaed on reports of depoeits. The savings account rate is reported aa a
*!"A11 intetes"bearlng time certlflcatea and open account time deposit, with balances of
including those held in IRA. and laogh Plan deposits, with the exception of the 7-31 and
rates, which are reported as tlmple annual rates, time deposit rates are annual effective
method of compounding reported by the individual Institutions.
6. All IRA/reogl Plan time deposits regardless of s i x . , type of instrument in which held,
7. Includes mutual savings banks and FDIC-lneured federal aavings banks.




less than $100,000.
32-91 day deposit
yields reflecting the
or interest rate paid.