Full text of H.6 Money Stock Measures : December 10, 1987

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

• OfOOV^

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

DECEMBER

10,

19b7

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), MM OAs,
and savings and small
time deposits2

M3
M2 plus
large time deposits,
term RPs, term Eurodollars
and institution-only
MMMF balances3

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors"

Seasonally adjusted

#

•

i 98o—NOV.
DEC.

712.4
730.5

2776.3
2801.2

3462.4
3492.2

4107.4
4139.9

7499.7
7598.5

1 9 8 7 — JAN.

737.7
737.4
739.5
750.3
753.1
746.6
747.6
751.1
751.3
760.7
756.5

2823.5
2823.0
2826.5
2839.9
2840.4
2841.6
2848.0
2863.4
2877.1
2894.3
2894.0

3518.3
3521.9
3526.7
3543.3
3559.4
3576.6
3583.4
3604.5
3621.6
3645.6
3660.0

4172.5
4180.1
4169.1
4180.7
4214.2
4228.5
4224.7
4253.7
4283.4
4320.7

7662.9
7696.1
7750.3
7814.4
7880.0
7941.5
7986.6
8038.2
8098.0
8161.5

I8b—NOV.
DEC.

715.4
746.5

2778.5
2814.7

3466.6
3507.5

4110.2
4153.3

7485.6
7591.7

>87 — JAN.
FEB.
MAE.
APR.
MAY
JUNE
JULY
AUG.
bEPT.
OCT.
NOV. P

744.4
723.3
728.9
757.5
744.9
749. 1
751.5
749.4
749.4
757.7
759.7

2833.7
2811.1
2820.3
2848.6
2829.3
2842.7
2855.2
2861.5
2869.9
2890.2
2896.3

3529.1
3512.2
3523.8
3551.4
3549.6
3574.4
3583.2
3600.0
3616.3
3641.3
3664.3

4183.8
4171.8
4172.2
4188.7
4198.8
4227.8
4224.9
4250.3
4278.1
4314.7

765b.4
7676.9
7722.5
7784.5
7850.2
7915.0
7963.1
8016.5
8081.9
8147.3

FEB.
MAR.
APE.
MAY
JUNE
JUL*
AUG.
SEPT.
OCT.
NOV. P

Not seasonally adjusted

M1
For period ended
13-week average
198 7 - O C T .

NOV.

Seasonally adjusted
4-week average

week average

13-week average

Not seasonally adjusted
4-week average

week average

12
19
26

750.6
751.4
752.3
753.8

753.7
754.6
755.7
759.9

757.6
754,0
759.5
768.4

749.8
749.7
750.5
751.7

750.6
749.7
753.1
758.0

762.6
756.5
760.5
752.5

2
9
16
23 P
30 P

754.7
755.4
755.8
756.3
756.3

761.2
762.5
761.6
759.3
756.4

762.7
759.2
756.2
759.2
750.9

752.4
753.1
753.8
754.6
755. 6

756.2
758.9
759.5
759.3
759.2

755.4
767.0
762.9
751.9
755. 1

5

s
MOTE:

SPECIAL CAUTION SHOULD BE TAKEN I N INTERPRETING MEEK-TO-iEEK CHANGES I N HONEY SUPPLY DATA,
HIGHLY VOLATILE AND SOBJECT TO R E V I S I O N .
P — I N D I C A T E S PRELIMINARY DATA.
FOOTNOTES APPEAR ON THE FOLLOWING PAGE




WHICH ABE

H 6 (508)
Table 2

MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES
percent change at seasonally adjusted annual rates
M1

|

M2

M3

Debt1

3 MONTHS FROM AUG.

1987 TO NOC.

1987

2.9

4.3

6.2

8.8

6 MONTHS FROM MAX

1987 TO NOV.

1987

0.9

3.8

5.7

8.9

12 MONTHS FROM NOV.

1986 TO NOW.

1987

6.2

4.2

5.7

9.9

THIRTEEN WEEKS ENDING NOV. 3 0 , 1987
FROM THIRTEEN WEEKS ENDING;
AUG.

31,

1987

(13 WEEKS PREVIOUS)

4.2

JUNE

1,

1987

(26 WEEKS PREVIOUS)

2.2

DEC.

1,

1986

(52 WEEKS PREVIOUS)

7.6

"




H

A UUARTER-END BASIS AND INCLUDE DISCONTINUITIES.

#

#

#

#

#

#

#

#

#

#

#

H.s&m

COMPONENTS OF THE MONEY STOCK
WWluiia of dotterm, i m i n i l l y ##weWd

0*W

Owmmr

1

HiHW
(iNOte1

Psmni
dOpOOHS*

OMwr
oheofcebte
deposits'

«*y*

mm8

a

et
Ihrtfl
wwwtwtwme
246.3
211.8

358.5
366.3

SifieMttfwedepoe
et
WW
«v*t
tanks
857.1
491.3
365.9
853.5
488.7
364.7

et
uummsicil
fcwtfcs"
289.9
291.8

et

WW

1986-10?.
DEC.

182.4
183.5

6.4
6.4

297.8
308.3

225.8
232.3

2063.9
2070.7

6A6.1
691.0

keml*
156.2
154.5

1987-JA*.
FIB.
MAE.

186.0
187.2
187.7

6.5
6.7
6.8

305.1
300.8
299.3

240.1
242.9
245.7

2085.7
2085.6
2087.1

694.8
698.9
700.1

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
485.9
486. 1

851.6
848.5
846.1

API.
MAI
JOII

188.9
190.2
191.1

6.8
6.7
6.8

303.9
303.9
297.4

250.7
252.2
251.2

2089.6
2087.3
2095.0

703.3
719.1
735.0

j 172.2
174.5
175.5

233.8
237.2
239.7

406.1
411.7
415.2

357.5
357.1
360.1

486.3
486.1
490.0

JOLT
AUG.
SEPT.

192.1
193.2
194.5

6.8
6.9
7.0

296.2
296.4
294.1

252.6
254.6
255.6

2100.4
2112.4
2125.8

735.4
741.1
744.5

176.6
178.0
178.0

240.1
241.8
241.3

416.7
419.9
419.3

363.4
365.4
367.3

OCT.
lOt. P

196.2
198.4

7.0
6.9

300.4
295.7

257.2
255.5

2133.5
2137.5

751.4
766.0

177.5
177.0

239.3
234.9

416.7
411.9

373.0
380.9

III*
1987
OCT.

ROY.

e time depoe
et
thrift
155. 9
155.3

445. 8
447.1

295.7
296.0
299.0

154.0
152.3
151.1

449.7
448.2
450.1

843.9
843.2
850.1

305.9
310.7
314.9

148.7
149.1
150.2

454.6
459.7
465. 1

495.1
500. 1
504.4

858.5
865.5
871.7

313.7
313.7
313.6

151.4
153. 1
155.3

465. 1
466.8
468.9

510.0
520.7

883.0
901.6

317.0
323.3

159.1
162.7

476.2
486.0

ENDING
5
12
19
26

195.0
195.3
195.9
197.2

299.8
294.9
299.5
305.8

255.7
256.7
257.1
258.4

178.0
177.5
177.3
177.4

369.8
371.1
372.3
374.8

312.7
315.4
316.3
318.8

2
9
16
23 P
30 P

197.7
198.0
198.5
198.8
198.6

300.8
298.4
294.5
297.0
292.0

257.3
255.9
256.2
256.5
253.4

176.9
176.8
176.9
177.0
177.4

377.1
379.0
380.9
382.0
382.9

321.5
323.9
323.8
323.2
322.7

,

-

1/

2/
3/

S

4/

coi"«"or*eoe

a i d a t s b a l a b c s s a i am. d s f o s i i o h j l e s i i r o t i o s s . c a e o n o i i o b seabb obapt b a i a b c b s abd

S

S

S

^

i

s

F

m

m

w

S

^

I

l

r

5/
6/

S

INSTITUTION—ONLY

9/
10/

WW

M

MONEY B A I K I T

i

FUNDS.

i

i

E

i

l

i

E

*

:

LAKGB°DEMOEIMAT10H TIHE DEPOSITS ABE THOSE ISSUED IN AMOUNTS OF $ 1 0 0 , 0 0 0 OB ROBE, EXCLUDING THOSE BOOKED AT
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BAB&3 LESS THOSE HELD BY MONET MARKET MUTUAL FUNDS,

DEPOSITOUT



INSTITUTIONS

AND FOREIGN

BANKS

AND O F F I C I A L

INSTITUTIONS.

?

"

H.6 (508)
Table 4

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

Date

savings bonds

87.7
89.8
91.7
1987-JAM,

FEB,
MAE

Non-M3 components of L
bankers acceptances'
short-term treasury
securities1

284.2
288.8
288.1

92.7
93.5
94.3

commercial paper3

Debt components4
non federal debt
federal debt

5667.9
5723.5
5794.0

37.7
38.0
37.5

228.4
228.4
230.2

37.8
39.3
39.8

239.7
239.8
239.1

1818.7
1832.9
1850.0

244.9
254.3
252.1

1861.7
1874.4

58*4.3
5863.2
5900.3

95.1
95.9
96.5

256.3

259.8

41.2
42.4
43.5

JULY
AUG.
SEPT.

97.3
97.8
98.2

252.2
258.2
262.3

43.4
42.9
43.8

248.4
250.2
257.5

1902.8
1913. 1

1888.9

6097.7
6135.3
6184.9

OCT

98.7

273.1

45.5

257.7

3919.3

6242. 1

262.2

1886.0

1 / — C O N S I S T S OP O . S . T ^ I X S U F T B I L E S AND COUPONS I I T H H E S X I N I Y G MATOTStlTTES OF LE^S THATT
I N S T I T U T I O N S * FEDERAL RESERVE BANKS, MONEY MARKET MUTUAL FUNDS AND FOREIGN E N T I T I E S O F F I C I A L I N S T I T U T I O N S , THE FEDERAL
2/
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN <
HOME LOAN BANK SYSTEM AND MONEY MARKET MUTUAL FUNDS.
3/
TOTAL COMMERCIAL PAPRR LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.
4/
DEBT DATA ARE ON A MONTHLY AVERAGE B A S I S , DERIVED BY AVERAGING END-OF-MONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE D I S C O N T I N U I T I E S .




#

#

#

#

#

#

#

#

#

#

H.6 (508)
Table 5

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

Currency

1

Travelers
checks 2

Demand
deposits 3

at cpmmercial
banks 4

at thrift
institutions 5

Nontransactions components
in M26

total

in M3 only 7

Overnight
RPs8

Overnight
Eurodollars 9

General
purpose and
broker/dealer
money market
funds

1986-NOV.
DEC.

183.2
186.2

6. 1
6.0

300.1
319.5

155.7
162.8

70.3
72.2

226.0
235.0

2063.1
2068.2

688. 1
692.8

58.7
59.4

18.8
19.0

207. 1
207.6

1 9 8 7 - J A N.
FEB.
MAR.

184.6
184.8
186.0

6.0
6.2
6.4

311.0
292.0
291.5

169.8
167.6
170.4

73. 1
72.7
74.5

242.8
240.3
245.0

2089.3
2087.8
2091.4

695.4
701.1
703.5

62.4
60.6
58.3

22.3
19.5
18.6

209.0
210.7
211.6

APR.
MAY
JUNE

188.0
190.2
191.9

6.4
6.5
7. 1

305.8
298.8
298.8

178.6
171.7
172.9

78.8
77.8
78.4

257.4
249.4
251.3

2091.0
2084.4
2093.6

702.8
720.4
731.7

56.2
55. 1
54.5

20.7
20.9
20.0

211.0
208.9
209.6

JULY
AUG.
SEPT.

193.8
194.1
194.3

7.7
7.9
7.6

298.6
294.8
293.3

172.9
174.5
176.3

78.5
78. 1
78.0

251. 4
252.6
254.3

2103.6
2112. 1
2120.4

728.0
738.6
746.5

56.4
60.8
61.7

18.7
18.4
21.1

209.8
212.8
216.5

OCT.
NOV. P

195.9
199.3

7.0
6. 6

299.8
298.1

176.7
177.7

78.3
78. 0

255.0
255.7

2132.5
2136.7

751. 1
768.0

64.8
62.8

20.8
17.1

219.3
221.6

65.4
63.2
64.2
65.2

21.8
20.7
19.8
22.1

215.6
217.2
218.5
223.5

66. 6
63.7
62.9
63.9
59.8

19.9
18.7
16.9
17.2
14.6

221.3
221.2
221.4
222.2
221.7

WEEK ENDING:
1987—OCT.

NOV.

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

5
12
19
26

195.0
196.4
195.6
195.5

304.6
295.7
302.0
298.3

176.7
177.9
177.2
175.2

79.1
79.4
78.8
76.7

255.7
257.2
256.0
251.8

2
9
16
23 P
30 P

196.2
199.5
199.4
198.9
200.0

299.4
301.4
299.2
293.3
296.2

175.6
179.6
178.7
176.4
176.0

77.5
79.8
79.0
76.7
76. 5

253. 1
259.4
257.7
253. 1
252.5

.

v

CURRENCY OUTSIDE THE U . S . TREASURY, FEDERAL RESERVE BANKS AMD THE VAULTS OF COMMERCIAL BANKS.
EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY T H R I F T I N S T I T U T I O N S TO SERVICE THEIR OCD L I A B I L I T I E S .
OUTSTANDING AMOUNT OF U . S . DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK IS S U E R S . TRAVELERS CHECKS ISSUED BY DEPOSITORY
I N S T I T U T I O N S ARE INCLUDED I N DEMAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U . S . GOVERNMENT AND FOREIGN BANKS AND
O F F I C I A L I N S T I T U T I O N S , LESS CASH ITEMS I N THE PROCESS OF COLLECTION AND F . R . F L O A T , LESS THE ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT I N S T I T U T I O N S TO SERVICE THEIR OCD L I A B I L I T I E S .
CONSISTS OF NOW AND ATS BALANCES AT COMMERCIAL BANKS, U . S . BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS.
CONSISTS OF NOB AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT T H R I F T S .
SUM OF OVERNIGHT RPS AND EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), MMDAS AND SAVINGS
AND SMALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY T H R I F T I N S T I T U T I O N S TO SERVICE
THEIR T I M E AND SAVINGS DEPOSIT L I A B I L I T I E S .
SUM OF LARGE T I M E DEPOSITS, TERM RPS AND EURODOLLARS OF U . S . RESIDENTS, MONEY MARKET FUND BALANCES ( I N S T I T U T I O N - O N L Y ) , LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION—ONLY
MONEY MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT HPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY I N S T I T U T I O N S AND
MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER) .
ISSUED BX FOREIGN BRANCHES OF U . S . BANKS WORLDWIDE TO U . S . RESIDENTS OTHER THAN DEPOSITORY I N S T I T U T I O N S AND
MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DKALER) .




#

H.6 (508)
Table 5-continued

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

Date

6

Money market deposit accounts
at
at
thrift
commercial
total
institutions
banks

at
commercial
banks

Savings deposits
at
thrift
institutions

1

2

total

Small denomination time deposits
at
at
commercial
thrift
total
banks
institutions

3

Large denomination time deposits
at
|
at
thrift
I
commercial
total
institutions
banks4

1986—80?.
DEC.

375.9
379.0

192.8
192.4

568.7
571.4

150.3
153.8

209.0
211,3

359.3
365.6

366.7
364.4

492.8
489.8

859.5
854.2

290.6
293.2

156.0
154.9

446.7
448. 1

1987-JAH.
FEB.
MAR.

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
488.4
486.3

854.5
50. 5
846.0

296.9
298. J
301.3

154.4
153.1
151.2

451.3
451.2
452.5

APR.
MAX
JUNE

375.4
368.9
367.6

190.1
188.3
185.9

565.5
557.1
553.5

172.1
174.8
176.6

234.0
237.8
240.9

406.1
412.7
417.5

355.6
355.7
359.7

484.7
482.8
487.2

640.3
838.5
846.9

303.2
309.2
311.8

148.0
149.1
149.8

451.2
458.3
461.6

JUL!
AUG.
SEPT.

365.3
364.1
362.5

182.9
179.6
176.8

548.1
543.7
539.3

178.4
178.2
177.9

241.8
240.0
239.2

420.3
418.2
417.1

363.9
366.8
369.0

494.7
499.3
503.6

858.6
866. 0
872.6

310.4
313. 1
314.9

150.7
153.2
155.7

461.2
466.3
470.5

OCT.
NOV. P

359.1
357.1

173.6
169.2

532.6
526.3

178.3
177.3

239.4
235.8

417.7
413.1

374.0
381.5

511.2
522.1

885.2
903.6

318.3
324. 1

159.5
162.8

477.8
486.8

KEEK ENDING
1987
OCT.

NOV.

•

5
12
19
26

360.0
360.1
359.2
358.5

178.7
178.9
178.4
178.0

371.1
372.7
373.3
375.3

315. 1
317.3
317.0
319.7

2
9
16
23 P
30 P

357.2
357.0
357.1
357.3
357.2

177.3
177.5
177.4
177.2
177.0

377.9
380.2
381.6
382.4
383.0

321.9
324.5
324.2
324.4
323.9

*

V
2/
3/
4/

SAVINGS DEPOSITS EXCLUDE HHDAS.
SHALL DENOMINATION T I M E DEPOSITS — INCLUDING R E T A I L BPS — ABE THOSE ISSUED I N AMOUNTS OF LESS THAN $ 1 0 0 , 0 0 0 .
ALL
I N D I V I D U A L RETIREMENT ACCOUNTS ( I R A ) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SHALL
T I M E DEPOSITS.
LARGE DENOMINATION T I M E DEPOSITS ARE THOSE ISSUED I N AMOUNTS OF $ 1 0 0 , 0 0 0 UR MORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING F A C I L I T I E S (1DFS) .
LARGE DENOMINATION T I M E DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY MONEY MARKET MUTUAL FUNDS, DEPOSITORr
I N S T I T U T I O N S AND FOREIGN BANKS AND O F F I C I A L I N S T I T U T I O N S .




#

#

#

e

e

•

•

•

H.6 (508)
Table 5-continued

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

Institution
only money
market funds

Date

Term RPs1
at commercial
banks

at thrift
institutions

total

Term
Eurodollars2

Non M3 Components of L
Short-term
treasury
Bankers
securities3
acceptances4

Savings
bonds

Comoonenta of r w #
Commercial
papei'

Federal debt*

Non-Federal*
debt

1986-MO?.
DEC.

84.4
84.1

37.2
35.4

46.6
48.6

83.8
84.0

79.3
83.0

89.9
91.9

287.7
287.9

38.0
37.4

227.9
228.7

1772.3
1804.0

5713.3
5787.8

1987-JAM.
FEB.
AAA.

84.0
84.7
84.9

34. 1
35.4
34.9

49.5
51.8
52.3

83.6
87.2
87.2

84.7
87.3
87.6

92.7
93.5
94.3

284.9
286.7
274.6

37.8
38.9
39.3

239.3
240.4
240.2

1817.6
1827.4
1839.0

5838.8
5849.5
5883.5

APR.
MAT
JO MB

83. 1
81.8
81.3

38.4
40.8
40.8

56.1
61.9
67.0

94.5
102.8
107.8

83. 1
86.2
88.8

95. 1
95.8
96.5

258.1
257.5
258.2

40.5
42.2
43.5

243.8
253.6
255. 1

1847.4
1858.3
1869.5

5937.1
5991.9
6045.5

JULI
AUG.
SEPT.

83.4
83.4
80.7

39.0
40. 1
40.9

68.5
67.9
68.8

107.5
108.0
109.7

84.7
89.6
93.9

97. 1
97.7
98.3

251.8
259.7
262.3

43.6
43.6
44.4

249.2
249.2
256.8

1872.7
1887.7
1900.2

6090.4
6128.8
6181.7

OCT.
MOV. P

81.6
88.5

37.6
39.9

69.2
69.8

106.9
109.7

92.4
90.3

98.8

270.3

45.8

258.4

1909.8

6237.5

5
12
19
26

79.2
80.1
80.1
83.8

37.1
38. 1
35.9
38.3

2
9
16
23 P
30 P

85.2
87.8
88.5
89.4
89.2

39.0
39.8
39.9
38.7
41.3

MEEK ENDING:
1987—OCT.

NOV.

V
2/

SMIL

E 1 L L I , 0 I I G

L L

"

T

"

[ ,

I

, G

C°"BiCTS

AW)fiET»ILBPS.

HCLOOBS

^ S S a s ^ g e a H s S s s z r r ^ r r —
' '



H.6 (508)
Table 6

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

8
U.S. government deposits

Time and
savings
deposits
due to foreign
commercial
banks and
foreign 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-HOY.
DISC.

9.7
9.9

2.0
1.8

4. 1
4. 1

3.4
3.7

3.2
3.7

11.9
15.5

18.4
22.9

1.7
1.7

72. 1
72.8

95.6
96.2

10.7
10.7

178.4
179.7

19 8 7 - J A M .
FEB.
HAfi.

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

10.8
11.0
11.2

181.4
182.8
185.4

APR.
HAT
JUNE

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

101.3
102.0
102.7

12.4
13. 1
13.3

192.1
194.2
195.4

JULY
AUG.
SEPT.

9.7
9.3
9.8

2.0
2.1
2.0

3.8
3.8
3.8

3.3
3.0
4.2

5.3
3.4
10.3

23.3
18.6
21.3

31.9
25.0
35.8

1.8
1.8
1.7

80.1
80.7
81.3

103.4
103.6
104.3

1 3 . 3e
13.3e
1 3 . 3e

1 9 6 . 8e
1 9 7 . 6e
1 9 8 . 9e

OCT.
NOV. P

9.9
9.8

1.9
1.7

3.8
3.8

3.2
3.2

8.9
4.0

27.4
22.6

39.5
29.8

1.7
1.7

81.7
82.1

104.8
1 0 4 . 8e

13. 3e
1 3 . 3e

1 9 9 . 8e
2 0 0 . 3e

5
12
19
26

10.0
9.3
10.4
9.8

2.0
1.7
1.9
1.9

3.8
3.8
3.8
3.8

3.8
2.8
3.6
3.0

8.0
2.9
9.6
13.5

24. 1
25.6
28.0
29.9

35.9
31.4
41.2
46.4

1.7
1.7
1.7
1.5

2
9
16
23 P
30 P

10.3
10.1
9.6
9.7
9.7

1.9
1.7
1.8
1.6
1.7

3.8
3.8
3.8
3.8
3.8

3.2
3.4
3.6
2.8
3.1

10.5
3.9
3. 9
3. 4
2.9

29.1
21.1
24.5
22. 1
20.6

42.8
28.4
32.0
28.3
26.6

1.7
1.7
1.7
1.7
1.7

Date

commercial
banks

thrift
institutions

money
market
mutual funds

total

1

WEEK ENDING:
1987
OCT.

NOV.

»

:

estimated




H.6 ( 5 0 8 )
Supplementary Table 1

Levels and Annual Growth Rates of M1 Using Standard1, Concurrent 2 , and Experimental
Alternative3 Seasonal Adjustment Procedures
Monthly Average
Levels i n b i l l i o n s of d o l l a r s
Standard
1986-SEPTEMBER
OCTOBER

Concurrent

Annual growth r a t e s

Experimental
Alternative

Standard

Concurrent

i n percent
Experimental
Alternative

693.1

694.3

692.7

10.7

12.0

8.4

701.4

702.1

699.9

14.4

13.5

12.5

NOVEMBER

712.4

713.4

711.8

18.8

19.3

20.4

DECEMBER

730.5

731.3

730.2

30.5

30.1

31.0

737.7

736.9

735.4

11.8

9.2

8.5

FEBRUARY

737.4

736.8

735.6

-0,5

-0.2

0.3

MARCH

739.5

738.9

737.8

3.4

3.4

3.6

APRIL

750.3

747.8

743.8

17.5

14.5

9.8

MAY

753.1

751.5

751.9

4.5

5.9

13.1

JUNE

746.6

746.9

747.4

-10.4

-7.3

-7.2

JULY

747.6

748.5

747.7

1.6

2.6

0.5

AUGUST

751.1

751.7

753.1

5.6

5.1

8.7

SEPTEMBER

751.3

752.9

750.2

0.3

1.9

-4.6

1987-JANUARY

OCTOBER

760.7

761.7

759.4

15.0

14.0

14.7

NOVEMBER

756.5

757.9

756.3

-6.6

-6.0

-4.9

y

dataCth^oIl^th^T^mon^h56350"31




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