Full text of H.6 Money Stock Measures : February 20, 1986

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

FBBBUABY

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

20, 1986

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

Date

1985—JAM.
FSB.

562.9
569.3

ma.

572.2
575.7

M2
M3
M2 plus
M1 plus overnight RPs
large time deposits,
and Eurodollars,
MMMF balances (gen. pur. term RPs, term Eurodollars
and broker/dealer), MMDAs,
and institution-only
MMMF balances3
and savings and small
2
time deposits
Seasonally adjusted

582.5
590.9
596.2
604.8
611.4
614.1
619.9
626.3

2399.8
2421.8
2429.4
2434.4
2452.0
2479.0
2496.0
2515.2
2529.2
2537.9
2549.7
2564.1

3013.4
3033.7
3046.6
3052.1
3070.2
3098.5
3113.6
3132.2
3152.4
3163.7
3175.5
3190.9

1986—JAN. P

626.9

2566.7

3211.1

1*85—JAHFBB.
HAfi.
APB.
HAY
JUNE
JULY
AUG.
SEPT.
OCT.
HOT.
DEC

568.4
558.7
565.0
581.7
576.5
592.7
599.6
602.0
609.1
612.0
621.5
639.6

2407.3
2415.3
2430.9
2443.1
2444.1
2480.7
2501.0
2510.8
2520.7
2533.2
2548.0
2572.2

3019.9
3026.4
3046.9
3058.2
3064.2
3098.5
3111.1
3128.1
3146.0
3160.7
3178.9
3203.5

1986—JAM. P

633.2

2575.4

3218.8

13-week average

Seasonally adjusted
4-week average

APB.
MAY
JUME
JULI
AUG.
SEPT.
0CTM07.
DSC

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors5

3557.6
3588.8
3612.7
3618.6
3636.8
3665.2
3683.9
3712.8
3742-7
3760.3
3794.3

5992.6
6048.2
6103.8
6165.4
6228.6
6290.8
6356.0
6419.6
6479.1
6542.8
6628.5
6741.3

3562.7
3581.9
3616.1
3626.2
3625.1
3665.4
3683.9
3711.4
3739.0
3758.7
3796.5

5985.9
6027.6
6075.8
6136.9
6201.4
6266.9
6334.2
6400.2
6463.7
6529.1
6616.0
6737,3

M1
For period ended

1986-JAN.

FSB.

NOTE:

wee!( average

13-week average

Not seasonally adjusted
4-week average

week average

b
13
20
27

621.1
622.2
623.1
624.0

627.5
627.7
627.4
627.4

<
i325.8
1»27.0
627.3

627.2
629.4
630,7
631.7

643.1
646.7
644.6
637.5

662.2
643.1
631.J
613.5

3 P
10 P

b24. 7
625.8

626.2
627.4

624.6
<>30.7

631.5
631.7

626.0
621.0

615.9
623.4

SPECIAL CAUTIOM SHOULD BE TAKEM IM IMTEBPBSTING iSEK-TO-MBEK CflAMGSS II BQW1 SUPPLY DATA. lUXCfl ABB
HIGHLY VOLATILE AMD SUBJECT TO BEYISIOM.
P—INDICATES PBELIHIIIABY DATA.
FOOTNOTES APPEAB ON THE FOLLOilMG PAGE




H.6 (508)
Table 2

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

M1
3 MONTHS FROM OCT.

1 9 8 5 TO J A N .

1986

6 MONTHS FROM JULY

1 9 8 5 TO JAN.

1986

1 9 8 5 TO JAN.

1986

12

MONTHS FROM JAN.

M2

Debt1

M3

4.5

6.0

16.2

10.3

5.7

6.3

14.3

11.4

7.0

6.6

13. 7

THIRTEEN WEEKS ENDING F E B . 1 0 , 1 9 8 6
FROM THIHTEEH WEEKS EMDINGs

NOV.

1 1 , 1 9 8 5 ( 1 3 WfcfcKS PREVIOUS)

AUG.

\2,

1 9 8 5 ( 2 6 WEEKS PREVIOUS)

11.1

FEB.

1 1 , 1 9 8 5 ( 5 2 WEEKS PREVIOUS)

11.7

9.2

• • • • • • • i

V

1

II

« ! • • Ill*

GROWTH RATES FOR DEttT ARE BASED ON PERIODS BEGINNING AND ENDING ONE HONTH EARLIER THAN FOR THE MONETARY AGGREGATES,
NAMELY, SEPTEMBER 1985 TO DECEMBER 1985, JUNE 1985 TO DECEMBER 1985, AND DECEMBER 1984 TO DECEBBER 198i, RESPECTIVELY.

FOOTNOTES TO TABLE 1
CONSISTS OF (1) CUREENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF COMMERCIAL BANKS;
(2) TRAVELERS CHECKS OF NONBAMK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAW THOSE DUE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEBS IN THE PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AHD (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER
OF ilTHDRAWAL (NOW) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CREDIT UNION SHARE DRAFT \CCCJUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AMD DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
2/ CONSISTS OF Ml PLUS OVERSIGHT (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, MMDAS, SAVINGS AND SMALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL H P S — I N AMOUNTS OF LESS THAN $100.000), AND BALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUNDS. EXCLUDES LUk AMD KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND MONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMERCIAL
BANKS, HOMEY MARKET FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMEMTS AMD COMMERCIAL BANKS, AND
THE \3,Sm GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJDSTHEHT THAT REPRESENTS THE ESTIMATED AMODMT
OF DBMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.
3/ CONSISTS OF M2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OR MORE) AMD TERM RP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BRANCHES OF 0.S. BANKS
WORLDWIDE AND AT ALL BANKING OFFICES I» THE UNITED KINGDOM AMD CANADA, AND BALANCES IN BOTH TAXABLE AMD TAX-EXEMPT
IMSTITOTIOM-ONLY MONEY MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD 3Y; DBFOSITWr^IMSTITUTIOMS, Ttf£ U.S. GOVERNMENT, MONEY
MARKET FUMDS, AND FOREIGN BANKS AHD OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY HOMEY MARKET MUTUAL FUMDS.
4/ CONSISTS OF M3 PLUS THE MOMBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASOBY SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF MONEY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS.
5/ DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKiJT DEBT OF THE UNITED STATES GOVBRMMEMT,
STATS AMD LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF COMPORATE BOMDS, MOETGAGES,
CONSUMER CREDIT (IMCLUDIMG BANK LOANS), OTHER tfAMK LOANS, COMMERCIAL PAPER, BANKERS ACCEPTANCES AMD OTHER DEBT
INSTRUMENTS. THE DATA ARE DERIVED FiiOM THE PEDiiflAL RESERVE BOARD'S FLOW OF FOMDS ACCOUNTS. ALL DATA OH DEBT Of DOMESTIC
NOMFINAMCIAL SECTORS ARE PRESENTED IN MONTH-AVSBASE FORM, DERIVED BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IM THE UNDERLYING FLOW OF TUHDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS HELEASE DlfFERS, TrtiSHBFOBlS, FHOM THE QUARTERLY FLOW Of FOMDS STATISTICS CONTAINED IM
IN THE FEDERAL RESERVE RELEASES 2.7 AMD Z. !• IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT AfiE MEASURED ON A
A QUARTER-END BASIS AND INCLUDE DISCONTINUITIES.
1/




Hi I

COMPONENTS OF THE MONEY STOCK
Billions of dollar*, seasonally adjusted

Oats

Currancy*

Travalars
chscka*

Dsmand
dsposlts'

Othar
chackabta
dapoalts4

cornponants
In 113

Inltt*

'

Savings dspottta
at

at
thrift

total

commsrcial
Institutions
banks

1985-JAN.
FEB.
MAR.

159.6
160.7
161.3

5.3
5.3
5.4

249.0
251.2
251.4

149.0 1836.9
152.2 1852.5
154. 1 1857.2

613.6
611.9
617.2

121.8
121.6
121.1

167.7
168.4
168.7

289.4
289.9
289.7

UPR.
BAY
JUNE

161.9
163.2
164.4

5.5
5.5
5.7

251.8
255.4
259.0

156.5
158.4
161.8

1858.7
1869.5
1888.1

617.7
618.2
619.5

120.3
121.2
122.1

168.7
169.6
171.5

JULY
AUG.
SEPT-

165.3
166.9
167.7

5.8
5.9
5.9

260.4
263.1
266.4

164.8
169.0
171-5

1899.8
1910.4
1917.8

617.5
617.0
623.2

122.9
123.7
124.0

OCT.
NOV.
DEC.

168.7
169.8
170.6

5.9
5.9
5.9

265.9
267.7
271.4

173-6
176.6
178.4

1923.8
1929.8
1937.8

171.9

5.9

268.7

180.3

1939.8

644.4

1986-JAN.
IEEK

FEB.

2/
3/

4/

5/
6/
7/
8/
9/
10/

o tlms dsposlts
at
total
thrift
commsrcial
banks1* institutions
152.6
415.6
263.1

at

385.0
385.2

500.2
499.7

885.2
885.0

268^2

153.1
152.7

416.9
421.0

289.0
290.8
293.6

387.1
387.7
387.6

500.5
501.8
502.6

887.6
889.5
890.3

272.3
2b9.3
267.3

153.6
155.7
155.4

425.9
422*7

173.8
176-0
176.3

296.7
259.7
300.3

386.7
383.4
382.7

501.3
497.5
495.6

888.0
880.9
878.3

264.0
268.0
272.4

154.3
154.1
155.1

418.3
422.1
427.4

625.8 i 124.4
625.8
124.7
6 2 6 . 8 I 124.4

177.9
179.0
179.1

302.3
303.7
303.5

382.0
382.2
384.0

493.9
494.0
496.6

875.8
876.2
880.6

274.3
276.5
278.9

155.8
156.2
157.3

430.1
432.7
436.1

124.7

179.3

304.0

386.4

498.6

885.0

289.5

158.1

447.6

ENDING

1986
JAN,

1/

P

Satoctad nontranaactlona Itams
8maJI tints dapoalta"
at
at
total
commercial
Institutions
banks
887.4
386.3
501.1

6
13
20
27

171.3
171.7
172.3
172.4

272.8
268.0
268.2
267.9

179.5
180.2
180.6
181.1

124.6
124.8
124.6
124.8

385.7
386.1
386.3
386.9

285.8
288.4
289.9
291. 3

3 P
10 P

172.2
172.7

266.6
269.1

179.9
182.9

124.7
124.9

387.3
387.5

293.0
292.2

CURRENCY OUTSIDE THE U.S. TBEASDBT, FEDERAL RESERVE BANKS AND VAULTS OF COHHERCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITOR!
INSTITUTIONS ABE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS 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 FEDERAL RESERVE FLOAT.
EXCLUDES THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
CONSISTS OF NON AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAFT BkLAUCES AND
DEMAND DSPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFFERENCE BETWEEN THE
SEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDED ARE ALL CEILING
FREE "SUPER HOBS," AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEREGULATION COMMITTEE TO BE OFFERED BEGINNING JANUARY 5,
1983.
SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER),
HHDAS, 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 AMD SAVINGS DSPOSITS LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND TERM EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTIONONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY
INSTITUTION-ONLY HONEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE HMDAS.
SMALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL R P S — ARE 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.
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 FUHDS0
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

short-term
secur

savings bonds

Non-M3 components of L
bankers acceptances2

commercial paper3

Debt components^"
non-federal debt
federal debt

i
i

1/
2/
3/
4/

1984-DEC.

74. 3

266.0

43.6

161.8

1367.4

4559.6

1985-JAB.
FEB.
HAS.

74.5
74.9
75-3 *

266.7
270.4
274,8

43.3
45.0
46.3

159.6
164.8
169.8

1384.9
1399.4
1409.3

4607.8
4648.6
4694.5

APR,
SAT
JUXE

75.7
76.1
76,5

276.0
277.4
282.6

45.9
44.5
42.8

168.9
168.6
164.7

1423.1
1441.4
1458.3

4742.3
4787.1
4832.5

JOLT
A 06.
SEPT.

76.7
77.2
78.0

280.3
279.2
283.2

42.2
42.2
42.$

171.1
182.0
186.6

1478.5
1496.1
1505.6

4877.5
4923.5
4973.5

OCT.
MOT.
DEC P

78,.$
79.0

282.6
299.8

43.9
43.1

191.7
196.8

1516.6
1548*3
1586.3

5026.2
5080.3
5155.Q

CONSISTS OP 0.$. TREASURY BILLS AID COUPONS BZFK BEHAINIHG MATURITIES OF LESS THAN 12 MONTHS HELD BY OTHBB THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, HOMEY MARKET HUTUAL FOUDS ABD FOBBIGH ENTITIES*
1ST OR BAMKEBS ACCEPTANCES HELD BY ACCEPTING BANKS, PBDEBAL BBSBBVE BAFKS# FOBBIGN OFFICIAL IMSTITUTIONS, THE FSOSBAL
HOBB LOAH BAHK SYSTEM AMD 0OBBI HABKBT MUTUAL FVXDSTOTAL COBBBBCIAL PAPBB LXSS COHBEBCIAL PAPEFI HELD BI RTOWSY HABKET BUTUAL FOUDS.
DEBT DATA ABB OB A MONTHLY AVBBA6E BASIS, DBBIY2D BX AVUAGIV6 EHD-OF-FLOHTH LEVELS OF ADJACE9T MONTHS, AND HATE BEEN
ADJUSTED TO BEHOFB DISCOHTIBUITIBS-




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
checks2

Demand
deposits3

at commercial
banks4

at thrift
institutions5

Nontransactions components
total

in M2

6

in M3 only

7

Overnight
RPs8

Overnight
Eurodollars9

General
purpose and
broker/dealer
money market
funds

1985-JAN.
FEB.
MAR.

158.3
158.5
159.8

4.9
5.0
5.1

254.8
244.6
245.9

108.3
107.7
109.9

42.2
42.8
44.4

150.5
150.6
154.2

1838.8
1856.5
1865.9

612.6
611.1
616.0

46.1
51.2
50.9

14.2
13.3
12.4

171.9
175.1
177.6

APB.
NAT
JUNE

161.1
163.1
165.1

5.2
5.4
5.9

254.6
251.0
259.4

114.1
110.5
113.8

46.7
46.5
48.4

160.8
157.0
162.2

1861.3
1867.6
1888.0

615.1
620.2
617.8

45.8
48.5
48.1

12.0
12.8
12.7

176.2
172.2
175,4

JULY
AUG.
SEPT.

166.8
167.7
167.6

6.5
6.6
6.2

261.8
260.4
265-0

115.0
117.0
119.0

49.5
50.3
51.3

164.5
167.3
170.3

1901.4
1908.8
1911.6

610.1
617.3
625.2

48.3
49.3
49.9

12.4
14.2
13.9

175.8
176.8
176.7

OCT.
NOV.
DSC

168.4
170.7
173.1

5.9
5.6
5.5

265.6
268.9
281.1

119.7
122.5
125.7

52.5
53.7
54.3

172.2
176.2
179.9

1921.2
1926.6
1932.6

627.4
630.9
631.3

49.9
51.2
51.8

14.2
13.8
16.7

177.0
176.5
175.8

170.5

5.5

275.0

128.0

54.2

182.2

1942-2

643.4

48.6

18.9

177.1

1986-JAN. ?
SEEK ENDING!
1986-JAH.

FfiB.

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

6
13
20
27

172-4
171.4
170.6
169.0

297.6
280.5
272.5
261.7

130.7
130.7
128.4
124.7

56.0
55.0
54.3
52.5

186.7
185.7
182.7
177.3

49.4
47.6
46.6
50.3

21.7
19.4
17.7
18.3

172.3
175.8
178.5
179-8

3 P
10 P

169.2
171.4

262.6
263.6

125.1
128.0

53.5
54.9

178.5
182.9

49.5
48.7

17.0
15.4

179-4
179.8

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AI3D THE VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AHOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEMAND 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.fi. FLOAT, LESS THE ESTIMATED AHOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF NOV AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER MOSS OF $46.6 BILLION IN THE SEEK END JANUARY 27, $46.9 BILLION IN THE MEEK ENDED
FEBRUARY 3, AND $47.9 BILLION IN THE WEEK E*DED FEBRUARY 10.
CONSISTS OF NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS- INCLUDES SUPER NOHS OF $18.6 BILLION IN THE if££& ENDED JANUARY 27,
$18.9 BILLION IN THE KEEK ENDED FEBRUARY 3, AND $19.4 BILLION IN THE SEEK ENDED FEBRUARY 10.
SUM OF OVERNIGHT RPS AND EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), MMDAS AND SAVINGS
AND SMALL TIH5 DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AMD SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSXItOTION-OHLI
HONEY MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
HOMEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
ISSUED BY FOREIGN BRANCHES OF U.S. BANKS WORLDVIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS {GEVERkl PURPOSE AID BROKER/DEALER).




H.6 (508)
Table 5-continued

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

Date

Money market deposit accounts
at
at
commercial
thrift
total
banks
institutions

at
commercial
banks

Savings deposits
at
thrift
institutions

total

Small denomination time deposits2
at
at
total
thrift
commercial
institutions
banks

882.4

262.2
263.1
268.9

153.5
154.2
152.6

415.7
417.3
421.5

498.0
498.2
499.9

881.8
883.5
886.3

269.2
268.5
265.5

152.7
155.1
154.9

421.9
423.6
420.4

386.5
385.3
385.1

500.6
497.1
495.4

887.1
882.5
880.5

263.0
268.6
274.4

153.1
153.9
155.1

416.1
422.5
429.4

302.8
303.2
301.8

384.7
384.2
384.7

496.7
496.7
498.1

881.4
880.9
882.8

276.7
278.1
280.6

156.2
157.0
157.7

432.9
435.1
438.3

302.7

386.4

501.8

888.1

288.3

158.9

447.2

1985-JANFEBMAfi.

280.5
289.4
294.1

155.2
16K0
166.1

435.7
450.5
460.2

121.1
120.4
120.6

167.3
167.7
169.2

288.4
288.2
289.8

386.3
384.1
383.7

504.0
501.7
498.7

890.3

APR.
MAY
JUNE

295.9
298.4
307.5

166.6
168.0
170.6

462.5
466.4
478.1

121.0
121.8
123.2

169.7
170.4
172.2

290.6
292.2
295.4

383.8
385.2
386.5

JOLI
AUG.
SEPT.

313.2
317.9
321.3

174.0
177.3
178.5

487.2
495.2
499.8

124.4
124.0
123.7

174.6
174.9
175.4

298.9
298.9
299.1

OCT.
NOV.
DEC.

324.4
329.3
332.4

179.8
180.3
179.7

504.2
509.6
512.1

124.6
124.3
123.5

178.3
179.0
178.3

336.7

179.1

515.9

123.9

178.8

1986-JAN. P

Large denomination time deposits3
at
at
thrift
total
commercial
4
institutions
banks

885. a

SEEK ENDING
1986
JAN.

FEB.

1/
2/

3/
4/

6
13
20
27

336.9
337.6
337.0
336.1

124.4
124.3
12J.7
123.4

386.0
386.3
386.5
386.4

287.8
287.8
287.9
288.7

3 P
10 P

335.5
336.4

123.3
123.8

386.6
386.7

290.1
290.5

SAVINGS DEPOSITS EXCLUDE HNDAS.
SHALL DENOMINATION TIME DEPOSITS — INCLUDING fiKTAIL RPS — AfiE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IBA) AND KEOGH ACCOUNTS 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 THOSfc BOOKED AT INTERNATIONAL
BASKING FACILITIES (IBFS).
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY MONET MARKET MUTUAL FUNDS, DEPOSITORY
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (506)
Table 5-continued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Bil'ions of dollars, not seasonally adjusted
Term RPs1

Date

at thrift
institutions

total

Term
Eurodollars*

Savings
bonds

Non M3 Components of L
Short-term
Bankers
treasury
acceptances4
securities 3

Components of Debt
Commercial
paper*

Federal debt 6

Non-Federal6
debt

29.7
29.9
30.7

29.2
28.6
27.9

58.9
58.5
58.6

81.1

81.3
84.7

74.6
74.9
75.3

266.8
271.6
280.8

44.1
44.8
45.3

157.3
164.2
167.7

1383. 1
1397.4
1412.0

4602.8
4630.2
4663.8

APR,
HAY
JUNE

59.6
63.5
67.1

32.5
31.1
31.3

27.2
26.4
25.6

59.7
57.5
56.9

81.0
81.8
79.9

75.6
76.1
76.5

278.4
272.1
280.2

44.7
43.9
42.3

169.3
168.8
167.9

1427. 1
1443.8
1457.9

4709.8
4757.6
4809.1

JULY
AUG.
SEPT.

65.0
63.6
62.3

29.8
30.3
30.7

25.7
26.5
27.3

55.4
56.8
58.0

79.4
80.2
80.0

76.6
77.1
78.0

281.0
282.3
284.0

42.0
42.8
43.2

173-1
181.0
187.8

1475,8
1495.8
1506.9

4858.4
4904.4
4956.8

OCT.
NO?*
DEC

63.3
64.5
64,5

30.0
31.1
31.4

27. 7e
27. 7e
27. 7e

57. 7e
58. 8e
59. Je

78.9
79.0
76.4

78.5
79.0

282.3
296.0

43.8
43.3

193.4
199.1

1515.6
1544.2
1583.7

5013.6
5071.9
5153.5

66.5

32.8

27. 7e

60. 5e

75.1

13
20
27

64.3
67.3
66.5
67,2

31.1
32.7
33.4
33.1

3 P
10 P

67.5
67.1

34.1
34.9

1986-JAN.

P

ENDING:

1986-JAN.

FSB.

1/

at commercial
banks

I

65.0
62.2
59.5

1985-JAN.
FEB.
BAR.

VEX*

Institution
only money
market funds

6

TBBH EPS ASE THOSE HITH ORIGINAL HATOHITIBS GREATER THAU ORE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL BPS.

INCLUDES

A RELATIVELY SHALL AHOUNT OF OVERNIGHT RPS AT THRIFT INSTITUTIONS.
2/ TERM SORODOLLARS ARE THOSE HITfl ORIGINAL MATURITIES GREATER THAN ONE DAY. CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS BY
FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE AND BY ALL BANKING OFFICES IN THE UNITED KIHGDOfl AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEY HARKET HUTUAL FUNDS.
3/ CONSISTS OF U.S. TREASURY BILLS AND COUPONS WITH REHAINING MATURITIES OF LESS THAN 12 HONTHS HELD BY OTHER THAN DEPOSITORY
INSTITUTIONS* FEDERAL RESERVE BANKS, HONEY HARKBT HUTUAL FUNDS, AND FOREIGN ENTITIES.
4/ NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOflE LOAN BANK SYSTEM AND HONEY HARKET HUTUAL FUNDS.
5/ TOTAL COHHBRCIAL PAPER LESS COHHERCIAL PAPER HELD BY flONEY HARKET HUTUAL FUNDS.
6/ DEBT DATA ARE ON A HONTHLY AVERAGE BASIS, DEBITED BY AVERAGING END-OP-MONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO BEHOVE DISCONTINUITIES.
• * estimated




H.6 (508)
Table 6

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

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

foreign
commercial
banks

foreign
official
institutions

1985-JAN.
FEB.
MAR.

9.0
8.7
7.8

1-9
2.1
1.9

9.0

APJR.
HAY
JUNE

7.7
8.0
8.0

JULY
AUG.
SEPT.
OCT.
NOV.
DEC

Date

IRA and Keogh Accounts

US. government deposits
demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

note balances
at commercial
banks
and thrift
institutions

total demand
deposits and
note and
PR balances

time
and savings
deposits at
commercial
banks

money
market
mutual funds

total

14.9
12.7
9.2

22.5
20.1
16.6

I.4
I.3
I.2

45-J
47.0
48.6

o2. 1
64.0
66.4

7.7

8.6

4.0
4.3
3.8

7.9

114.7
118.7
123.2

1.9
2.1
2.0

8.4
8.3
8.3

3.9
3.1
3.4

b.6
6.7
2.8

11.5
17.8
11.4

22.0
27.6
17.7

1.1
1.2
1.2

53. i>
55.1
55.9

70*4
71.9
73.4

8.6
8.6
8.4

, 132.5
135.6
137.7

8.1
7.8
8.1

1.9
2-0
2.1

d.3
7.1
6.4

3.1
2.8
3.4

4.0
3.0
4.3

20.0
10.6
13.4

27.0
16.4
21. 1

1.2
1.3
1.3

56.7
57.4
S7.d

75.3
76.8
7d.l

8.5
8.4
8.3

140.4
142.6
144.3

8.2
8.1
8.5

1.9
2.1
1.9

7.9
8.4
8.3

3.0
3.0
3.4

3.1
2-8
3.4

2.4
4.8
11.1

8.5
10.7
17.9

1.3
1.3
1.4

t>8.2
58. /
59.2

79.0
79.5
60.9e

8.4
8 . 7e
9,1e

145.7
146.9e
149.1e

8.8

2.0

8.0

3.6

10.5

20.5

34.5

1.3

60.7

6J.4e

9.4e

153.5e

6
13
20
27

9.9
8.1
8.6
9.4

2.1
2.0
2.0
1.9

8.2
8. 1
8.0
7.9

3.b
2.9
3.9
3.8

5.5
5.0
10.3
17.4

20.1
15.0
21.7
23.3

29.4
23.0
35.9
44.5

1.4
1.3
1.3
1.3

3 P
10 P

7.8
7.9

2.2
1.8

7.8
7.8

3.3
3.4

15.6
7.2

^3.4
21.0

42.3
31.6

1.4
1.4

8. a

WEEK ENDING:

FES.

thrift
institutions

3.7
3,1
3.o

1986-JAN.P

1986
JAN.

commercial
banks

e * estimated




7.4