Full text of H.6 Money Stock Measures : December 21, 1989

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•isSss&i;-

FEDERAL RESERVE statistical release
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H.6 ( 5 0 8 )
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES
DECEMBER 2 1 , 1989

Billions of dollars
M1 J

Date

M2<=

MS3

Debi5

Seasonally adjusted
1987-DEC.

752.3

2909.9

3677.6

4336.7

8316.1

1988-JAN.
FEB.
MAR.
APR.

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
2969.5
2990.3
2999.8
3013.1
3023.9
3029.8
3035.1
3042.3
3059.5
3069.6

3702.
3732.
3757.
3780.
3795.
3816.
3839.
3851.
3861.
3877,
3898.
3915.

4373.0
4403.3
4433.2
4471.8
4500.2
4517.1
4561
4579
4588
4609
4635
4672

8359.0
8415.6
.8482.7
8550.2
8620.6
8690.8
8755.3
8820.2
8883.0
8943.8
9018.7
9082.2

786.3
787.5
786.3
783.2
773.4
770.3
777.2
777.4
781.1
787.7
790.0

3065.
3069.
3078.
3080.
3072.
3088.0
3117.5
3136.5
3155.9
3176.5
3198.9

3920.2
3929.5
3950.8
3958.8
3954.8
3973.4
4002.5
4009.0
4012.1
4027.1
4047.3

4676.
4689.
4724.
4750.
4746.
4759.
4793.
4812.
4824.
4852.8 p

9138. 9
9207. 0
9269. 2
9327. 6
9389. 3
9444. 1
9494. 4
9558. 9
9615. 3
9681. 7 p

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

MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV. p

Not seasonally adjusted
1987-DEC.

766.4

2918.7

3688.6

4350.9

8297.6

1988-JAN.
FEB.
MAR.
APR.

765.2
745.5
752.6
779.1
764.6
779.9
786.9
782.3
781.0
782.1
788.3
804.4

2941.1
2938.3
2962.5
3001.4
2990,
3015.
3031.
3030.
3028.
3038.
3058.
3077.

3710.9
3720.7
3751.7
3786.8
3785.4
3816.8
3840.8
3852.4
3859.1
3875.6
3903.2
3925.2

4389.
4399.
4429.
4475.
4488.
4517.
4553.
4574.
4583.
4605.
4643
4685.6

8341.8
8378.9
8443
8509
8577
8650
8712
8774
8845
8910
8986
9067

793.1
772.4
775.2
791.4
767.2
773.8
781.7
777.4
778.5
784.4
791.5

3076.2
3057.0
3071.9
3092.5
3062.9
3090.8
3125.3
3137.5
3149.3
3172.4
3196.9

3927.7
3917.5
3945.6
3964.3
3944.7
3974.0
4004.2
4010.6
4010.2
4024.5
4052.6

4692.8
4686.3
4721.0
4751.8
4734.6
4759.8
4784 3
4807 7
4819 7
4848 2 P

9122, 9
9170, 7
9227. 9
9285. 2
9345. 4
9403. 2
9451. 2
9512. 4
9577. 0
9647. 6 p

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

MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV. 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

3 Months from AUG. 1989 TO NOV. 1989
6 Months from MAY

M2

M3

6.5

8.0

3.8

7.9

8.2

4.7

7.6

0.4

4.6

3.8

8.3

6.1

7.9

3.3

1989 TO NOV. 1989

12 Months from NOV. 1988 TO NOV. 1989

Debt 1

Ml

Thirteen weeks ending DECEMBER 11, 1989
from thirteen weeks ending:

SEP. 11, 1989 (13 weeks previous)
JUNE 12, 1989 (26 weeks previous)

2.3

6.9

3.8

DEC. 12, 1988 (52 weeks previous)

0.2

4.4

3.8

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely,
July 1989 to October 1989, April 1989 to October 1989, and October 1988 to October 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 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 snare 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 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 Bnd Z.l. 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 adjusted

Ml

Period ending

13-week
average

4-week
average

1989-SEP. 18
25

776.9
777.9

778.4
779.6

M3

M2
13-week
average

4-week
average

780.0
782.0

3127.9
3133.1

3148.4
3153.4

week
average

week
average

13-week
average

4-week
average

week
average

3157.7
3159.0

4004.5
4006.9

4012.7
4013.0

4018.2
4007.4

OCT.

2
9
16
23
30

778.7
779.3
780.2
781.2
782.0

783.2
784.3
786.4
788.1
787.5

788.6
786.5
788.5
788.6
786.3

3138.2
3142.4
3147.1
3151.8
3156.0

3159.0
3163.1
3168.3
3172.7
3176.6

3164.5
3171.0
3178.5
3176.8
3180.0

4008.3
4009.1
4010.9
4013.5
4015.9

4012.9
4012.4
4015.6
4021.8
4027.9

4007.1
4016.9
4031.0
4032.0
4031.7

NOV.

6
13
20
27

782.8
783.6
784.5
785.8

788.0
787.2
787.8
789.5

788.6
785.3
790.9
793.1

3160.4
3164.9
3169.6
3174.8

3181.1
3184.6
3190.2
3197.1

3189.2
3192.2
3199.5
3207.5

4018.1
4020.7
4023.6
4027.1

4033.0
4036.4
4040.5
4045.4

4037.4
4044.4
4048.5
4051.4

DEC.

4p
lip

787.0
787.8

789.8
791.7

789.7
793.1

3179.8
3184.3

3201.7
3206.7

3207.4
3212.2

4030.9
4034.0

4050.2
4054.0

4056.6
4059.3

Not seasonally adjusted

Ml

Period eniding
1989-SEP. 18

25
OCT. 2
9
16
23
30
NOV. 6
13
20
27
DEC. 4p
Up

13-week
average

4-week
average

781.2
761.8

3130.7
3134.9

3147.2
3148.7

777.9
777.8
780.8
785.1
784.1

775.8
792.2
793.3
779.1
771.6

3138.3
3141.1
3145.2
3149.3
3152.8

780.6
781.3
782.3
784.1

784.7
784.3
787.5
791.6

794.8
791.8
791.9
787.7

785.7
786.7

792.9
796.5

800.3
805.9

13-week
average

4-week
average

779.1
779.3

779.4
778.8

778.9
778.4
779.1
779.7
780.1

M3

M2
week
average

week
average

week
average

13-week
average

4-week
average

3154.0
3131.7

4005.7
4007.7

4014.8
4012.5

4019.2
3987.2

3149.5
3152.7
3159.7
3168.7
3172.5

3148.9
3176.0
3182.2
3167.6
3164.1

4008.4
4009.0
4010.7
4013.1
4015.0

4008.4
4007.4
4010.8
4019.8
4024.9

3997.8
4025.4
4032.8
4023.0
4018.5

3156.9
3160.9
3165.4
3170.5

3177.4
3180.9
3188.9
3195.7

3195.8
3196.1
3199.7
3191.1

4017.1
4019.8
4023.1
4027.3

4030.5
4036.1
4043.9
4051.8

4047.6
4055.3
4054.2
4050.0

3175.9
3180.5

3200.8
3207.5

3216.4
3222.7

4031.4
4034.7

4056.8
4061.2

4067.5
4072.9

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
Non t ransac t i ons
components

Date

Currency

1

Small time deposits.8

Savings deposits7

Travelers
checks 2

Demand
deposits3

Other
checkable4
deposits

In M2

5

In M3
only6

At
commercia 1
banks

At
thrift
institutions

Total

At
commercial
banks

At
thrift
institutions

Total

1988-JULY
AUG.
SEP.

206.4
207.0
208.6

7.2
7.2
7.3

290.4
289.9
288.8

278.5
278.3
279.0

2241.4
2247.3
2251.4

815.4
821.7
826.0

189.1
190.0
190.1

240.5
240.9
240.3

429.7
430.9
430.5

412.9
417.4
423.6

568.1
570.9
575.1

981.0
988.3
998.7

OCT.
NOV.
DEC.

209.7
210.5
211.8

7.4
7.5
7.6

288.9
287.7
288.6

279.4
281.0
282.3

2256.9
2272.8
2279.3

835.6
838.7
845.8

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.

213.4
214.3
215.6

7.6
7.5
.7.3

284.0
284.8
284.3

281.3
280.9
279.1

2279.6
2282.0
2292.2

854.3
860.0
872.3

190.8
190.3
188.6

237.0
234.3
232.2

427.8
424.6
420.8

451.0
461.0
472.0

584.7
587.4
589.1

1035.7
1048.3
1061.0

APR.
MAY
JUNE

216.0
216.5
217.3

7.3
7.3

7-2

281.4
278.2
275.0

278.5
271.4
270.7

2297.7
2298.9
2317.7

877.9
882.5
885.5

185.6
182.4
181.4

227.3
222.3
220.6

412.8
404.7
402.0

485.5
497.0
501.9

597.6
608.8
616.6

1083.1
1105.7
1118.5

JULY
AUG.
SEP.

218.0
218.4
219.4

7.1
7.2
7.2

278.8
277.5
277.3

273.2
274.4
277.3

2340.3
2359.1
^2374.8

885.0
872.4
856.2

181.9
183.0
184.2

219.6
219.3
220.0

401.5
402.3
404.2

505.0
508.1
509.8

621.3
624.0
622.5

1126.3
1132.1
1132.3

OCT.
NOV. P

219.7
220.3

7.3
7.5

280.4
279.0

280.3
283.3

2388.8
2408.9

850.6
848.4

185.1
187.3

220.7
222.1

405.8
409.4

515.3
517.7

616.4
613.5

1131.7
1131.2

219.4
219.8
220.4

7.3
7.3
7.4

282.3
281.0
277.5

279.6
280.4
281.1

2390.0
2388.3
2393.7

852.5
855.1
851.7

184.6
184.9
186.2

220.7
220.8
221.0

405.4
405.7
407.2

515.2
518.1
517.4

617.3
613.8
613.8

1132.5
1131.9
1131.2

Meek ending
1989-OCT. 16
23
30
NOV.

6
13
20
27

219.7
219.5
220.1
221.0

7.5
7.5
7.5
7.5

278.5
277.0
280.4
280.2

282.9
281.4
283.0
284.3

2400.6
2406.9
2408.7
2414.4

848.2
852.1
849.0
843.9

186.8
186.8
187.2
187.6

221.6
222.3
222.2
222.1

408.5
409.1
409.4
409.8

515.9
516.5
518.7
518.8

614.4
614.4
613.0
612.8

1130.3
1130.9
1131.6
1131.6

DEC.

4p
Up

221.0
221.0

7.5
7.5 e

277.3
278.9

283.9
285.7

2417.7
2419.0

849.3
847.1

188.5
188.4

222.1
222.4

410.6
410.8

519.1
520.3

612.5
612.3

1131.6
1132.6

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.
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 NOH 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.
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,
--indicates estimated data
a--indicates preliminary data.




H.6 (508)
Table 4-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
acceptances*

Commercial
paper5

Federal
debt

Non-federal
debt

1988-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

264.6
268.6
268.8

40.7
41.2
41.7

309.8
311.3
308.8

2044.2
2058.5
2076.2

6711.1
6761.7
6806.8

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

269.3
264.5
271.3

41.3
40.5
40.6

312.3
323.7
335.8

2084.7
2098.2
2113.5

6859.1
6920.5
6968.7

1989-JAN.
FEB.
MAR.

370.7
378.2
385.5

173.7
173.4
173.4

544.4
551.6
558.8

109.7
110.6
111.5

270.9
265.2
271.7

40.6
39.9
41.2

334.9
344.2
349.2

2121.8
2137.8
2158.7

7017.1
7069.2
7110.5

APR.
MAY
JUNE

392.5
395.8
396.4

175.2
176.3
176.6

567.7
572.1
573.0

112.3
112.9
113.8

278.1
285.0
279.3

41.4
41.1
41.1

359.5
352.3
351.4

2168.8
2176.4
2184.2

7158.8
7212.9
7259.9

JULY
AUG.
SEP.

397.7
397.0
395.8

175.4
172.1
167.9

573.1
569.1
563.7

114.6
115.2
115.7

283.0
290.7
307.4

42.0
42.7
41.3

351.3
355.3
348.3

2183.9
2199.9
2220.1

7310.6
7359.0
7395.2

OCT.
NOV. P

397.9
400.6

163.1
159.4

560.9
560.0

116.1 p

318.4 p

39.4 p

351.8 p

2238.3 p>

7443.4 p

1989-OCT, 16
23
30

397.5
399.8
399.6

163.9
162.4
161.4

561.4
562.2
561.0

NOV.

6
13
20
27

399.1
400.9
402.0
400.3

160.4
160.0
159.3
158.4

559.6
560.9
561.3
558.6

DEC.

4p
lip

400.1
398.6

158.7
157.6

558.8
556.1

Week ending

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 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.
6.
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.






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M.6 ( 5 0 8 )
Table 5-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars> not seasonally adjusted
Savings deposits 1

Money market deposit accounts
At
At
thrift
c;ommercial
institutions
banks

Date

Total

At
A*
thrift
commerciail
institutions
banks

Small-denomination time deposits2

Total

At
At
commercial
thrift
banks
institutions

Total

Large-denomination time deposits3
At
At
commercial
thrift
banks*
institutions

Total

1988-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

166.5
167.9
172.2

509.5
519.2
529.2

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
173.2

545.3
552.4
560.2

APR.
MAY
JUNE

336.2
327.0
328.1

135.0
130.0
128.8

471.3
457.0
456.9

186.2
183.6
183.2

227.9
223.7
223.3

414.0
407.3
406.6

483.5
493.3
499.6

598.5
605.6
612.8

1082.0
1098.9
1112.4

390.4
394.5
394.9

173.7
175.2
174.8

564.1
569.8
569.7

JULY
AUG.
SEP.

330.8
335.7
338.9

129.0
129.7
130.2

459.8
465.4
469.1

184.2
184.0
184.0

223.3
221.1
220.8

407.5
405.1
404. B

504.3
507.6
510.2

619.8
621.5
619.7

1124.1
1129.1
1129.9

394.9
397.7
398.0

173.3
171.3
168.3

568.2
569.0
566.2

OCT.
NOV. P

342.0
349.8

131.0
132.1

473.0
481.9

185.5
186.7

221.9
221.2

407.4
407.9

515.6
519.4

616.9
613.9

1132.6
1133,3

399.5
402.0

164.9
161.1

564.4
563.1

342.1
342.7
342.9

131.2
130.8
130.8

473.3
473.5
473.8

185.4
185.4
185.6

222.6
221.5
220.6

408.1
407.0
406.3

515.4
518.0
517.6

617.8
614.3
614.1

1133.1
1132.3
1131.7

398.7
400.7
401.0

165.4
164.2
163.3

564.2
564.9
564.4

347.2
349.5
350.5
350.2

131.9
132.4
131.8
131.7

479.2
481.9
482.4
481.9

186.5
186.6
186.8
186.8

221.8
222.1
221.0
220.1

408.3
408.7
407.8
406.9

517.5
518.3
520.0
520.5

614.7
615.0
613.6
613.0

1132.2
1133.3
1133.7
1133.5

400.3
402.5
403.6
402.1

162.4
161.7
160.8
160.2

562.7
564.2
564.4
562.3

353.0
354.7

133.1
133.6

486.1
488.3

187.2
187.1

220.5
220.8

407.7
407.9

521.2
522.1

613.0
612.7

1134.2
1134.8

400,3
400.2

159.9
158.9

560.2
559.1

Week ending
1989-OCT. 16
23
30
NOV.

DEC.

6
13
20
27
4p

Up

Savings deposits exclude MMDAs.
Small-denomination time deposits — including retail RPs—are those, issued in amounts of less than $100>000. All 1KA and Keogh account balances at
commercial banks and thrifts are subtracted from small time deposits.
Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities.
Largeydenomination time deposits at commercial banks less those held by money market mutual funds, depository institutions, *r\c\ tnr«inn bank* 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
At
Institutionthrift
only money commercial
banks
institutions
market funds

Date

Debt components6

Non-M3 Components of L

Total

Term
9
Eurodollars2

Savings
bonds

Short-term
Treasury
securities3

Bankers
acceptances4

Commercial
paper 5

Federal
debt

Non-Federal
debt

1988-JULY
AUG.
SEP.

84.8
84.0
83.7

46.5
45.1
42.6

79.2
79.0
80.1

125.7
124.1
122.8

97.1
102.8
102.8

106.5
106.9
107.6

257.4
265.0
266.4

40.8
41.2
41.9

307.8
309.3
308.3

2024.1
2037.6
2056.6

6688.7
6736.5
6788.6

OCT.
NOV.
DEC.

84.6
87.4
87.6

43.1
45.3
40.4

82.3
83.0
83.7

125.4
128.3
124.1

100.2
101.6
105.8

108.3
108.7
109.2

266.7
270.3
277.7

41.5
40.9
41.0

313.1
320.0
332.5

2069.0
2090.0
2111.8

6841.3
6897.0
6955.7

1989-JAN.
FEB.
MAR.

89.3
89.6
87.6

40.9
44.7
46.3

84.3
83.7
84.6

125.2
128.4
130.9

100.7
100.0
105.5

110.1
111.0
111.7

275.4
271.7
273.9

40.3
39.8
40.4

339.4
346.3
349.4

2121.4
2133.7
2149.0

7001.5
7037.1
7078.9

APR.
MAY
JUNE

87.7
91.6
95.1

44.3
43.7
43.7

84.5
85.5
85.5

128.8
129.2
129.3

101.3
100.5
99.3

112.4
113.0
113.7

278.1
279.6
275.2

41.0
41.2
41.4

356.1
356.2
355.4

2155.1
2159.5
2165.1

7130.1
7185.9
7238.0

JULY
AUG.
SEP.

98.2
100.6
99.1

45.0
45.1
47.4

79.5
72.9
66.3

124.5
118.0
113.7

99.7
97.6
93.8

114.2
114.7
115.4

274.9
286.5
304.7

42.1
42.7
41.5

348.8
353.1
348.0

2163.7
2179.7
2200.9

7287.5
7332.8
7376.1

OCT.
NOV. P

98.7
102.0

48.3
50.0

62.0
61.0

110.3
110.9

90.4
91.6

116.0 p

315.2 p

39.6 p

352.8 p

2222.6 p

7425.0 p

97.8
100.1
99.2

46.9
48.9
50.8

63.7
61.4
60.9

110.6
110.2
111.7

89.5
92.0
90.8

.

Week ending
1989-OCT. 16
23
30
NOV.

6
13
20
27

99.4
101.8
101.8
104.0

49.3
51.6
47.6
52.8

61.4
61.9
60.9
60.2

110.7
113.4
108.5
113.0

89.9
91.0
91.9
92.9

DEC.

4p
lip

103.5
103.3

46.5
45.4

60.2
59.8

106.7
105.2

92.6
94.5

Term RPs are those with original maturities greater than one day, excluding continuing contracts and retail RPs. Includes a relatively small amount
of overnight RPs at thrift institutions.
Term Eurodollars are thosewith original maturities greater than one day. Consists of those issued to U.S. residents by foreign branches of U.S. batiks
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.
5.
Total commercial paper less commercial paper held by money market mutual funds.
6.
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.




H.6 ( 5 0 8 )
Table 6

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

Foreign
Foreign
official
c:ommercial
institutions
banks

Date

IRA and Keogh Account:s

U.S. government deposits
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
deposits
At
thrift
at commercial commercia 1
institutions
banks
banks

At
money
market
funds

Total

1988-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
35.9

1.6
1.6
1.5

99.9
101.8
102.8

127.3
128.6
130.0

23.1
23.8 a
24.0 a

250.3
254.2 e
256.7 e

JULY
AUG.
SEP.

9.8
8.7
9.2

1.8
1.7
1.7

4.1
4.1
4.1

3.4
3.2
5.5

6.4
5.4
7.8

19.6
12.7
19.4

29.4
21.2
32.6

1.5
1.5
1.5

104.1
105.3
106.0

131.1
131.4
132.1

24.0 a
24.0 a
24.0 a

259.3 e
260.6 e
262.1 e

OCT.
NOV. P

9.7
9.2

1.7
1.6

4.1
4.1

3.3
3.4

5.9
5.2

17.4
11.2

26.5
19.8

1.5
1.6

107.3
108.3

133.2 a
134.0 e

24.0 a
24.0 a

264.5 e
266.3 e

9.6
9.9
9.3

1.8
1.7
1.7

4.1
4.1
4.1

3.7
2.9
2.8

5.6
5.6
5.1

13.6
17.1
19.6

22.9
25.6
27.5

1.6
1.5
1.5

Week ending
1989-OCT. 16
23
30
NOV.

6
13
20
27

10.0
8.9
8.9
9.4

1.6
1.5
1.5
1.7

4.1
4.1
4.1
4.1

4.9
2.6
3.4
3.1

6.7
4.8
4.7
4.8

15.2
8.1
10.3
12.6

26.8
15.5
18.4
20.5

1.6
1.6
1.6
1.6

DEC.

4p
lip

9.1
9.2

1.6
1.5

4.1
4.1

2.9
3.2

5.5
4.4

9.4
10.5

17.8
18.2

1.6
1.5

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




H.6 (508)
Special Supplementary lable

Monthly Survey of Selected Deposits
October 25,1989 and November 29,19891
(not seasonally adjusted)

Insured Commercial Banks
. Amount Outstanding ($mil)
Liabilitv Categories

October 2? November 29
190.579
187,622

NOW Accounts
Money market deposit accounts
Personal

Change
(nercenO
1.58

A v e r a g e R a t e Paid
October 25

(%)
Change
(b.p.)

November 29

5.03

5.02

-1

234.170

239,077

2.10

6.48

6.47

-1

106.521

109,729

3.01

6.38

6.42

4

181,717

183,051

0.73

5.59

5.57

-2

42.041

44.193

5.12

7.76

7.69

-7

92 to 182 days

149.386

152.343

1.98

8.01

7.89

-12

183 days to 1 year

177.963

178.470

0.28

8.09

7.93

-16

1 to 2-1/2 years

125,585

125.913

0.26

8.07

7.94

-13

132,103

130,826

-0.97

8.03

7.91

-12

107,821

108,631

0.75

N.A.

N.A.

N.A.

Nonpcrsonal
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
All IRA/Keogh Plan deposits2

FDIC-insured Savings Banks3
Amount Outstanding ($mil)
Liabilitv Categories

October ?5 November 29
7.557
7.685

NOW Accounts
Money market deposit accounts
Personal
Nonpersonal
Savings deposits

25,460

25,491

Change
foercenO
1.69
0.12

A v e r a g e R a t e Paid

(%)
Change

October 25
5.53

November 29
5.50

-3

7.18

7.12

-6
-3

1.680

1.687

0.42

6.62

6.59

39,514

39,273

-0.61

5.63

5.63

0

Interest-bearing time deposits
with balances of less than
$100,000 with original
maturities of:
4,949

4.874

-1.52

8.32

8.09

-23

92 to 182 days

26,544

26.846

1.14

8.51

8.39

-12

183 days to 1 year

36,625

36.391

-0.64

8.52

8.41

-11

1 to 2-1/2 years

26,374

25.750

-2.37

8.46

8.39

.7

23,272

22.928

-1.48

8.41

8.35

-6

22.634

22.750

0.51

N.A.

N.A.

N.A.

7 to 91 days

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

2

N.A. — data are not available
NOTE: Data for earlier month may show revisions.
1.
Estimates are based on data collected by the Federal Kesei've System from a stratified random sample of about 500 commeicial banks and
80 savings banks. AH 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.