Full text of H.6 Money Stock Measures : January 21, 1988

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

JABOABI

21, 1988

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

Date

M2
M3
M2 plus
M1 plus overnight RRs
large time deposits,
and Eurodollars,
MMMF balances (gen. pur. term RPs, term Eurodollars
and institution-only
and broker/dealer), MMQAs,
and savings and small
MMMF balances'
time deposits2
Seasonally adjusted

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors*

1986—DEC

730.5

2801.2

3493.1

4140.7

7606.1

1987—JAIL
FEB.
BAB.
APR.
HA I
JO HE
JULY
AUG.
SEPT.
OCT.
BO?.
DEC P

737.7
737.4
739.5
750.3
753.1
746.6
747.6 .
751.1
751.3
760.7
756.6
753.1

2823.5
2823.0
2826.5
2839.9
2840.3
2841.6
2847.9
2862.6
2876.0
2692.7
2892*1
2897.3

3519.1
3522.7
3527.4
3544.0
3560.3
3577.5
3584.2
3604.8
3621.5
3644**
3659.5
3665.6

4173.3
4180.8
4169.6
4181.8
4215.8
4230.7
4226.1
4252.1
4281.1
4317.1
4329.4

7673.6
7710.9
7754.3
7615.6
7662.6
7943.2
7965.9
8037.5
6096.0
6163.7
8235.7

1986— DBC

746.5

2814.7

3506.3

4154.2

7591.7

1 9 8 7 — JAM.
FEB.
BAB.
APR.
BAT
JO I E
JOLX
AUG.
SEPT.
OCT.
BO¥.
DEC P

744.4
723.3
728.9
757.5
744.9
749.1
751.5
749.4
749.5
757.7
759.7
769.1

2633.7
2811.1
2820.3
2848.6
2829.3
2842.7
2855.0
2860.8
2868.8
2888.7
2894.4
2910.9

3529.8
3513.0
3524.6
3552.1
3550.5
3575.3
3583.9
3600.3
3616.2
3640.6
3663.7
3660.6

4184.6
4172.5
4172.9
4189.7
4200.4
4229.9
4226.4
4248.7
4275.8
4311.0
4332.4

7656.4
7676.9
7722.5
7784.5
7850.2
7915.0
7963.9
8019.5
8064.2
8144.7
8204.4

13-week average

Seasonally adjusted
4-week average

(average

756.9
756.9
756.7
756.8

755.3
754. 0
752.2
752.6

754.7
751.0.
752.2
752.2

756.5
756.9
758.5

756.7

753.0
754.7

756.6
757.8

Not seasonally adjusted

M1
For period ended

1987-OBC.

7
14
21

26
1988-JAB.

Wfl:

4 P
11 P

757.9

13-week average

Not seasonally adjusted
4-week average

week average

761.2

760.1
760.7
764.5
767.9

770.3
765.3
767.5
766* 3

763.5
764.6

773.2
778.1

791.6
784.6

SPECIAL CAOTIOM SHOOLO BE TAKEI IB IBTSBPBBflBG I BEE-TO-H BE I CBABGBS IB BOBEI S0PPLI DATA, BBICB ABE
HlkiULl 70LATILE AMD SOBJECT TO BETISIOI.
P—INDICATES PBBLIBIBABI DATA.
FOOTBOTES APPEAB OB THE FOLLOBIBG PAGE




H.6 (508)
Table 2

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

M1

M2

M3

Debt1

3 flOBTHS FBOB SEPT. 1987 TO D E C

1987

1.0

3.0

4.9

9.9

6 BOBTBS FBOB JOBB

1987 TO DEC-

1987

1.7

3.9

4.9

9.0

12 BOBTBS FBOB DEC.

1986 TO DEC.

1987

3.1

3.4

4.9

9.6

THIRTEEN WEEKS BBOIBG JAB. 11, 1988
FBOB THIBTAEB SEEKS BBOIBG:
OCT.

12, 1987 (13 WEEKS PBBYIOOS)

3.0

JULI

13, 1987 (26 WEEKS PBBYIOOS)

1.7

JAB.

12,. 1987 (52 SEEKS PBBYIOOS)

5.0
j*»~s2———.—.-.————

1/

GBOBTB BATES FOB DEBT ABB BASBO OB PBBIOOS BEGXBBXBG ABO BBOIBG OBE HOBTH EABLIXB THAB FOB THE HOHETABI AGGBEGATES,
BABBLI, AOGOST 1987 TO BOYBflBBB 1987, BAY 1987 TO NOfEBBER 1987, ABO NOVBHBBB 1986 TO NOVEMBER 1987, RESPECTIVELY.

FOOTBOTXS TO TABLE 1
COBSISTS OF (1) COBBBBCX OOTSIDB TBB TBBASOBI, FBOBBAL BBSBBYB BABKS, ABO TAB VAOLTS OF COBHEMCIAL BABKS;
(2) TBAYBLBBS CHECKS OF BOBBABK ISSOBBS; (3) OBflABO OBPOSITS AT ALL COBBBBCIAL BABKS OTHSfi TBAB THOSE OOB TO
DOHESTIC BABKS, THE U.S. 60YEBBHEBT, ABO FOBEIGB BABKS ABO OFFICIAL IBSTITOTIOBS LBSS CASH ITBBS IB THE PBOCBSS
OF COLLBCTIOB ABO FBOBBAL BBSBBYB FLOAT; ABO (4) OTHBB CHECKABLE DEPOSITS (OCO) COBSISTIBG OF HEGOTIABLE OBOBB
OF HITBDBABAL (BOH) ABO AOTOBATIC TBABSFEB SBBVICB (ATS) ACCOOBTS AT DBPOSITOBY IBSTITOTIOBS,
CBXOIT OBIOB SBABB OBAFT ACCOOBTS ABO OBHABO OBPOSITS AT TBBIFT IBSTITOTIOBS. TBB CURRENCY ABO DEAABD
DEPOSIT COBPOBBBTS BXCLOOE TAB BSTIBAIBO ABOOBT OF YAOLT CASH ABO OEHABO DEPOSITS, BXSPBCTIVELI, HELD BI
TBBIFT IBSTITOTIOBS TO SEBYICB TBBIB OCO LIABILITIES.
2/ COBSISTS OF B1 PLOS OYEHBIGHT (ABO COBTIBOIBG COBTBACT) BPS ISSUED BY ALL COBBBBCIAL BABKS AMD OVEBBIGHT EOBOOOLLABS
ISSOBD TO U.S. BBSIOBBTS BY FOBEIGB BBABCHBS OF O.S. BABKS HOBLOBIDE, HHDAS, SAYIBGS ABO SBALL OEBOBIBATIOB
TIBS DEPOSITS (TIME DEPOSITS—IBCLOOIHG RETAIL BPS—IB ABOOBTS OF LESS THAB $100,000), ABD BALANCES IB BOTH
TAXABLE ABD TAX-SXBBPT GEBEBAL PURPOSE AND BBOKEB/OBALBB BOBBY BARKET BOTOAL FOBOS. BXCLOOES IRA ABD KBOGB
BALABCBS AT DBPOSITOBY IBSTITOTIOBS ABD BOBBY BABKET FORDS. ALSO EXCLUDES ALL BALABCBS HELD BY O.S. COBBBBCIAL
BABKS, BOBBY BARKET FOBDS (GBBBRAL PORPOSB ABD BROKER/DEALER), FOBEIGN GOVEBBflBNTS ABD COBBBBCIAL BABKS, ABD
TBB O.S. GOYBBBBEBT. ALSO SOBTRACTED IS A COBSOLIOATIOB ADJOSTBENT TBAT BBPBESBBTS TBB BSTIBATEO ABOOBT
OF DEBAND OBPOSITS ABD VAULT CASH HELD BY THRIFT IBSTITOTIOBS TO SEBYICB THEIR TIBE ABD SAVIBGS DEPOSITS.
3/ COBSISTS OF B2 PLOS LABGB DBBOBIBATIOB TIBE OBPOSITS (IB ABOOBTS OF $100,000 OB BORE) ABO TERM RP LIABILITIES ISSOBD
BY COBBBBCIAL BABKS ABD THRIFT IBSTITOTIOBS, IBRB EOBOOOLLABS HELD BY O.S. BESIDBBTS AT FOBEIGB BRABCHES OF O.S. BABKS
HORLDRIDE ABD AT ALL BABKIBG OFFICES IB TBB OBITBD KIHGDOfl ABO CAHADA, ABD BALABCBS IB BOTH TAXABLE ABD TAX-EXEMPT
IBSTITOTIOB-OBLY BOBBY BABKBT BOTOAL FOBDS. EXCLODBS ABOUBTS HBLD BY DBPOSITOBY INSTITUTIONS, THE U.S. GOYBBBBEBT, BOBBY
BABKET FOBDS, ABD FOBEIGB BABKS ABD OFFICIAL IBSTITOTIOBS. ALSO SUBTRACTED IS A COBSOLIOATIOB ADJUSTMENT THAT RBPBESEBTS
TBB ESTIMATED ABOOBT OF OVEBBIGHT RPS ABO EURODOLLARS BELD BY INSTITUTIOB-OBLY HOBBY BABKET BUTUAL FUBDS.
4/ COBSISTS OF A3 PLOS THB BOBBABK PUBLIC BOLDINGS OF U.S. SAVIBGS BOBDS, SHORT-TERR TBBASOBI SECURITIES, COBBBBCIAL
PAPXB ABD BABKBBS ACCEPTANCES, BBT OF BOBBY BABKET MUTUAL FOBD BOLDIBGS OF THESE ASSETS.
5/ DBBT OF DOBESTIC BOBFIBABCIAL SECTORS COBSISTS OF OOTSTABDIBG CBEDIT BABKET DEBT OF TAB OBITBD STATES GOVEBBBBBT,
STATE ABD LOCAL GOVBBBHBBTS ABD PBIVATB BOBFIBABCIAL SBCTOBS. PBIVATB DBBT CONSISTS OF CORPORATE BOMDS0 MORTGAGES,
COBSOBER CREDIT (INCLUDING BABK LOANS), OTHER BABK LOABS, COBBERCIAL PAPBB, BABKBBS ACCEPTANCES AND OTHER DBBT
IBSTBOBEBTS. TBB DATA ABB OBBIVBO FBOB TAB tEDEEkL EESEUfE BOARD'S FLOW OF FOBDS ACCOOBTS. ALL DATA OB DBBT OF DOHESTIC
BOBFIBABCIAL SBCTOBS ABB PBBSBBTBD IB BOBTH-AYBHAGB FORM, OBBIVBO BY AVEBAGIBG MONTH-END LEVELS OF ADJACBBT BONTH5. TABSB
DATA BAVB ALSO BBBB ADJUSTED TO BBBOVB STATISTICAL DISCONTINUITIES THAT HAY ABISB IB TBB UBOBRLYIBG FLOW OF FOBOS STATISTICS.
TBB FISSEBTATIOB OF DEBT DATA IN TBIS RBLBASB DltWEES, THEREFORE, FROM THE QUARTERLY FLOW OF FUUDS STATISTICS CONTAINED
IB TBB FBOBBAL RESERVE RELEASES Z.7 AND Z. 1. IB THOSE RELEASES, PUBLISHED LEVELS OF CBBOIT BARKET DBBT ABB BSASORBD OB
A QUAAIXB-BBD BASIS ABD INCLODB DISCONTINUITIES.

1/




H.e<80B)

COMPONENTS Of THE MONEY STOCK
i

Data

Cunancy'

t - «
stacks1

Oamsnd
tfssostts'

ctastaMs
dsposnV

oomponanai
tofctt
teiktf*
«•/

Bslsctid ftontfsnsscttons Hams

_

Sawing* dapoawV
SI
|

tanks
154.5

thrift
Institutions
211.8

366.3

total

it

flmaH tkws dapoarts*
St
I"

thrift
oommsfdsl
tanks
Institutions
364.7 . 488.7

totsi

Lsnjs tkws opposHs*
St
St
thrift
commarclal
total
Institutions
tanks19

1986-DEC.

183.5

6.4

308.3

232.3

2070.7

691.9

1987-JAN.
FEB.
HAB.

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.|

695.6
699.6
700.9

!
1
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

APE.
HAY
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

2089.6
2087.3
2095.0

704.1
719.9
735.9

j

172.2
174.5
175.5

233.8
237.2
239.7

406.1
411.7
415.2

JULY
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

2100.2
2111.7
2124.7

736.3
742.0
745.5

176.6
178.0
178.0

240.1
241.8
241.3

OCT.
NOT.
DEC. P

196.2
198.4
199.7

7.Q
7.0
7.0

300.4
295.7
291.5

257.2
255.6
254.8

2132.0
2135.5
2144.2

752.2
767.4
768.3

177.5
177.0
177.3

239.3
235.0

198.6
199.2
199.3
200.8

294.7
291.3
290.7
289.1

254.4
253.5
255.2
255.2

177.5
177.5
177.1
177.2

383.5
384.3
385.0
385.5

322.8
324.2
324.2
323.7

201.7
201.5

291.7
293.7

256-1
255.5

177.6
177.7

385.8
386.9

324.9
321.5

i

233.3

853.5

291.8

155.3

447. 1

486.9
485.9
486.1

851.6
848.5
846.1

295.7
296.0
299.0

154.0
152.3
151.1

449.7
448.2
450.1

357.5
357.1
360.1

486.3
486.1
490.0

843.9
843.2
850.1

305.9
310.7
314.9

148.7
149.1
ISO* 2

454.6
459.7
465.1

416.7
419.9
419.3

363.4
365.4
367.3

495.1
500.1
504.3

858.5
865.5
871.6

313.7
313.7
313.6

151.4
153. V
155.3

465.1
466.8
468.9

416.7
412.0
410.7

373.0
380.8
384.7

509.9
520.6
530.1

882.8
901.4
914.8

317.0
323.2
323.8

159.1
162.7
166.0

476.1
485.9
489.9

BBBK ENDING
1987
14

Yi
1988 4
JAB. ~ 4 P
11 P

1/

COBBBBCI OOTSXDB TBB U.S. TREASURY, FBDBBAL RESERVE BANKS AND FAULTS OF COBBBBCIAL BABKS. EXCLUDES TAB BSTIBATBD
ABOOBT OF fAULT CASB BBLD BT TBBIFT INSTITUTIONS TO SBBflCB THEIR OCD LIABILITIES.
2/ OJITSTANDING ABOUBT OF U.S. DOLLAi-DENOBINATED TBAFBLBBS CHECKS OF BOBBABK ISSUERS. TRAVELERS CHECKS ISSUED BI DEPOSITORI
INSTITUTIONS ABB INCLUDED IN DBBABD DEPOSITS.
3/ DEBABD DBPOSITS AT COBBBBCIAL BABKS ABD FOBBXGB EELklED INSTITUTIONS OTHBB THAN THOSE DUE TO DOflESTIC BANKS, THB U.S. GOVERNBEBT AND FOBBIGB BABKS ABD OFFICIAL INSTITUTIONS LESS CASH ITEBS IB THE PBOCBSS OF COLLECTION AND FEDEBkL BESBBTE FLOAT.
EXCLUDES TBB BSTIBATBD ABOOBT OF DEtLkED DBPOSITS HELD AT COBBBBCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LI A BI LI TIBS.
4/ CONSISTS OF BOB ABD ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CBBDIT UBION SHABB DRAFT BALABCES AND
DBBABD DBPOSITS AT TBBIFT INSTITUTIONS.
5/ SOB OF OVERNIGHT BPS ABD OfEBNIGHT EURODOLLARS, MONEY BABKBT FUBD BALANCES (GENBBAL PURPOSE AND BROKER/DEALER).
MUDAS, ABD SAYINGS ABD SHALL TIBB DBPOSITS, LESS THE CONSOLIDATION ADJUSTBENT THAT BEPRESEBTS THE BSTIBATBD ABOOBT OF
DBBABD DBPOSITS ABD BAOXT CASH HELD BI TBBIFT INSTITUTIONS TO SBBYICB THEIR H H B ABD SAVINGS DBPOSITS LIABILITIES.
6/ SUB OF LARGE TIBB DBPOSITS, TBBB BPS ABD TBfifl EURODOLLARS OF O.S. BBSIDBBTS, BOBBY BABKBT FUND BALABCBS (INSTITUTIONONLY), LBSS A CONSOLIDATION ADJUSTflBNT THAT BBPBBSBBTS THE BSTIBATBD ABOUBT OF OVBBBIGHT RPS AND EURODOLLARS BBLD BY
INSIITUTIOB-OBLY BOBBY BABKBT FUBDS.
U«UJ.I.*«D n«.u ox
7/ SAVIBGS DBPOSITS EXCLUDE flflDAS.
8/ SBALL DBBOBINAIION TIBB DEPOSITS—INCLUDING RETAIL R P S — ABB TBOSB ISSUED IN AMOUNTS OF LESS THAN 1100,000. ALL
INDIVIDUAL BBTIBBBEBT ACCOUNTS (IRA) AND KBOGH ACCOUNTS AT COHflBBCIAL BABKS AND THBIFTS ARE SUBTRACTED FROfl SflALL
TIBB DBPOSITS.
9/ LABGB DBBOBIBATION TIKE DEPOSITS ABE THOSB ISSUED IN AMOUNTS OF $100,000 OB MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
10/ LABGB DBBOBIBATION TIBB DEPOSITS AT COBBBBCIAL BANKS LESS THOSB HELD BY HONEY BANKET MUTUAL WOEDS.
DBPOSITOBY INSTITUTIONS ABD FOREIGN BABKS AND OFFICIAL INSTITUTIONS.




H.6 (508)
Table 4

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

Date

commercial paper3

89.8
91.7

288.8
288.1

38.0
37.5

228.4
230.2

1776.2
1804.5

5734.9
5801.5

1987-JAH.
FSB.
BAR.

92.7
93.5
94.3

284.1
285.6
269.2

37.8
39.3
39.8

239.7
239.8
239.1

1618.7
1832.9
1850.0

5855. 0
5877. 9
5904.3

APR.
RAI
J ORE

95.1
95.9
96.5

256.5
262.9
261.1

41.2
42.4
43.5

244.9
254.3
252.1

1861.7
1874.4
1886.0

5953. 9
600.8.4
60,57. 1

JOLT
AUG.
SEPT.

97.3
97.8
96.2

252.9
256.3
260.1

43.4
42.9
43.8

248.4
250.2
257.5

1888.9
1902.8
1913.1

6097.0
6134.7
6184.9

98.7
99.5

272.5
279.2

44.5
44.6

256.4
246.8

1919.3
1939.5

6244.4
6296.2

1/
2/

savings bonds

Debt components4
non-federal debt
federal debt

1986-NOV.
DEC.

OCT.
ROY.

3/
4/

4
Non-M3 components of L
short-term treasury
bankers acceptances2
securities1

P

CORSISTS OF U.S. TRBASORI BILLS ARD COOPORS RITB RBIAIHIRG HAIORITIES OF LBSS THAR 12 HOHTHS HELD BI OTHER THAR DEPOSITORI
INSTITUTIONS, FEDERAL RESSRYE BARKS, HONET HARRET HOTOAL FORDS ARD FOREIGR ENTITIES.
NET OF BARKERS ACCEPTARCES HELD BI ACCEPTIRG BARKS, FEDERAL RESERYB BARKS, FOREIGR OFFICIAL INSTITUTIONS, THE FEDERAL
HOBS LOAR BARK SISTEfl ARD HONET HARKET HOTDAL FORDS.
TOTAL COfiHEHCEAL PAPER LESS COHRERCIAL PAPER HELD BI HONE! HARKET HOTOAL FORDS.
DEBT DATA ARE OR A BORTBLI AVERAGE BASIS, DERIYED BI AYBRAGIRG BRD-OP-HOHTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJOSTBD TO BEHOVE DISCORTIROITIES.




H.6(S06)
Table 5

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

Other checkable deposits
Date

Currency1

Travelers
checks'

Demand
deposits 3

at commercial
banks4

at thrift
institutions'

total

in M26

in M3 only7

Overnight
RPs8

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

1986-DSC

186.2

6.0

319.5

162.8

72.2

235.0

2068.2

693.6

59.4

19.0

207.6

1987-JAB.
FEB.
BAB.

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

696.2
701.9
704.3

62.4
60.6
58.3

22.3
19.5
18.6

209.0
210.7
211.6

APB.
BAX
JO I E

188.0
190.2
191.9

6.4
6.5
7.1

305.8
298.8
298.8

176.6
171.7
172.9

78.8

77.8
78.4

257.4
249.4 1
251.3

2091.0
2084.4
2093.6

703.6
721.2
732.6

56.2
55.1
54.5

20.7
20.9
20.0

211.0
208.9
209.6

JOLX
AOG.
SEPT.

193.8
194.1
194.3

7.7
7.9
7.6

298.6
294.8
29 J . 3

172.9
174.5
176.2

78.5
78.|
78.0

251.4
252.6
254.3

2103.4
2111.4
2119.4

729.0
739.5
747.4

56.4
60.8
61.7

18.7
18.4
21.1

209.6
212.2
215.5

OCT.
10 f .
BBC P

195.9
199.3
202.7

7.0
6.6
6.5

299.8
298.0
302.1

176.7
177.7
180.0

78.3
76.1
77.8

255.0
255.8 1
257.8 ;

2131.0
2134.7
2141.8

751.9
769.3
769.7

64.4
62.3
61.1

21.0
17.3
17.3

218.1
220.2
221.5

61.7
62.9
60.9
58.6

16.5
17.4
17.8
16.8

221.1
222.6
222. 4
221.2

61.1
64.2

19.3
20.9

218.8
221.5

BBBK B I D I N G ;
1987-DEC

7
14
21
28

201.5
201.6
202.9
204.9

301.5
299.5
300.8
302.0

181.2
179.6
179.9
178.7

79.7
77.9
77.4
76.2

260.9
257.7
257.3
254.9

198 8 - J A 1 .

4 P
11 P

203.2
201.9

319.4
308.8

183.9
187.5

78.8
79.9

262.7
267.3

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

i

C0BBEICX OOTSXOB TBE O.S. TBBAS0BX, FEDERAL BBSEfifB BAMAS AID TBB FA0LTS OP COBBEBCXAL BABES. EXCLUDES TBE ESTIBATED
AflOOBT OF fAOLT CASB HELD BI XflBIPT XISTITOXXOIS TO SBBfXCE YflBXB OCD LIABILITIES.
OOTSTAIDING ABOOIT OP U.S. DOLLAB-DBBOBIBATED TBAfELBBS CflBCKS OP IOIBABK ISSUERS. TBAfELBBS CflBCKS ISSUED BX DBPOSXTOBX
XBSTXTOTXOBS ABB IICLUDED XI DSflAID DEPOSITS.
DEBAID DEPOSITS AT COBBEBCXAL BABKS OTBBB TBAI THOSE DUB TO DOBBSTIC BAIKS, THE O.S. GOfBBIBEIT AID BOBBIGI BABKS AID
OFFICIAL INSTITUTION, L*SS CASH ITEBS II TIE PBOCBSS OP COLLECT 101 AID P.B. FLOAT, LESS Till ESTIMATED AflOOBT OP DBBABD
DBPOSITS BBLD AT COBBBBCIAL BABKS BX THBIFT IISTITUTXOIS TO SBBPICE TflBXfi OCD LIABILITIES.
CONSISTS OP IOB ABD ATS BALA ICES AT COBBBBCIAL BAIKS, O.S. BBABCHBS AID AGBBCXBS OP POBBXGB BAIKS, AID BDGB ACT
COBPOBATXOIS.
COISISTS OP 101 AID ATS BALAICBS AT SAfXIGS AID LOAI ASSOCIATIONS AID BOTOAL SAflBGS BAIKS, CBBDIT OBIOI SHARE
ABAFT BALAICBS, AID DEBAID DEPOSITS AT TflBIPTS.
SOB OP OfBBIIGflT BPS AID BUBODOLLABS, BOBBX BABKBT POBD BALANCES (GEIEBAL POBPOSB AID BROKBB/DBALBB), AADAS ABD SAfXBGS
AID SIALL TIAB DBPOSITS LESS TAB BSTXBATBD AflOOBT OP DBBABD DEPOSITS ABD FAOLT CASH HELD BX THBIFT IISTITUTXOIS TO SBBflCB
TBXIB TIAB ABD SAfXBGS DEPOSIT LIABILITIES.
SOB OF LkBGE TIAB DEPOSITS, TBAA BPS ABD EURODOLLARS OP O.S* RESIDE ITS, BOBBX BABKBT POID BALAICBS (IISTITUTION-OILI), LESS A
COISOLIDAIIOI ADJOSTBEBT TBAT BBPBBSEBTS THE BSTIBATBD AHOUIT OP OfBBIIGHT BPS AID EURODOLLARS HELD BX IflSTIYOTIOB-OBLT
HOBBX BASKET BOTOAL POIDS.
COISISTS OF OTBfllXGBT ABD COITIIOIIG COITBACT RPS ISSUED BX COAAEflCIAL BABKS TO OTBBB THAB DBPOSXTOBX IISTITOTXOIS ABD
BOBBX BABKBT BOTOAL POIDS (GEBEBAL POBPOSB AID BROKER/DEALER).
ISSOED BT POBBXGB BBANCHBS OP U.S. BABKS HOBLDMIDE TO O.S. RESIDENTS OTHER THAI DEPOSITOR! INSTITUTIONS AID
BOBEX AARKET BOTOAL POBDS (GENERAL PORPOSE AND BROKER/DEALER).




H.6 (506)
Table 5-continued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billion* of dollars, not SMtonrily adjusted

Date

«

Money market deposit accounts
at
at
thrift
contnterciaJ
total
bankt
institutions

SavinQs deposits1

at

at
thrift
institutions

commercial
banks

Small denomination time deposits1

al

total

commercial
banks

|

at
thrift
institutions

total

]
1

Large denomination time deposits1
at
!
at
thrift
commercial
total
4
institutions
banks

211.8

365.6

364.4

489.8

654.2

293.2

154.9

448.1

217.1
221.8
227.9

376.4
384.6
395.1

364.4
362.1
359.7

490.0
488.4
486.3

654.5
850.5
846.0

296. 9
298. 1
301.3

154.4
153.1
151.2

451.3
451.2
452.5

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

840.3
8J6.5
646.9

303. 2
309.2
311.8

148.0
149.1
149.6

451.2
458.3
461.6

548.1
543.7
539.3

178.4
178.2
177.9

241.6
240.0
239.2

420.3
416.2
417.1

363.9
366.8
369.0

494.7
499.3
503.6

858.6
866.0
672.6

310.4
31J.0
314.8

150.7
153.2
155.7

461.1
466.3
470.5

532.6
526.3
523.9

178.3
177.3
176.6

239.4
235.9
233.4

417.7
413.1
410.1

374.0
381.4
384.2

511.1
521.9
531.2

885.1
903.4
915.4

318.2
324.0
325.3

1986-DEC.

379.0

192.4

571.4

153.8

1987*JAB.
WEB.
HA1.

381.7
378.5
378.2

192.5
192.3
192.3

574.3
570.8
570.6

159.2
162.8
167.2

API*
HAI
JOBS

373.4
368.9
367.6

190.1
168.3
185.9

565.5
557.1
553.5

JOLI
AUG.

SfPf.

365.3
364.1
362.5

182.9
179.6
176.8

OCT.
EOT.
DEC. P

359.1
357.2
357.3

173.6
169.2
166.5

[

|

I

159.5
162.8
165.6

REEK SBDIB6
1987
DEC

1988
JAB.

7
14
21
28

358. 4
356.5
357.0
355.6

177.*
177.0
176.3
175.8

383.5
383.9
384.1
384.6

323. 4
325.4
325. 2
326.4

4 P
11 P

356.9
359.2

177.1
177.8

385.5
386.6

327.2
J22. 9

|

!

j
1/
2/
3/
%/

S A TINGS DEPOSITS EZCL0DE HHDAS.
SHALL DXHOHIBATIOI TIHE DEPOSITS — IBCLUDIBG RETAIL BPS ~ ABE THOSE ISSUED IB AH00MTS OF LESS THAB $100,000- ALL
IBDITZDOAL BITIBEMEET ACCOOBTS (IRA) ABD KEOGH ACCOOBTS AT COBHEBCIAL BABKS ABD THRIFTS ABE SOBTBACTED FHOB SHALL
TIHE DEPOSITS.
LARGE DEBOHIBATIOM TIHE DEPOSITS ABE THOSE ISSUED IB AHOUBTS OF $100#000 OB BORE, EXCLUDING THOSE BOOKED AT IBTERBATIOHAL
BABKIBG FACILITIES (IBFS).
LARGE DIHOHIHATIOB TIRE DEPOSITS AT COHBBBCIAL BABKS LESS THOSE HELD BI HOHBI RABBET HOTUAL FUUDS§ DEPOSITOR!
IMSTITRTIOBS ARD FOBBIGB BAEKS ARE OFFICIAL IBSTXTOTIOBS.




477.8
486.7
490.9

HA (508)
ItoMe 5-contiMMd

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
BMttons of dollars, not seasonally adjuatad
Term RPs^
Institution
only money
market fundi

Date

I
at commercial
banks

1986-DEC.

d4. 1

35.4

1987-JAH.
FEB.
BAB-

84.0
84.7
84.9

34.1
35.4
34.$

API.
BAT
JO HE

63.1
81.8
81.3

JULY
AUG.
SEPT.
OCT*
HOY.

DEC
SEEK

P

at thrift
institutions

total

lerm
Eurodollars1

Savings
bonds

Components of Debt
Commercial
paper4

NonFederai*
debt

Federal debt'

37.4

228.7

1804.0

5787.8

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

95.1
95.8
96.5

258.3
258.3
259.5

40.5
42.2
43.5

243.8
253.6
255.1

1847.4
1858.3
1869.5

5937.1
5991.9
6045.5

85.7
90.6
94.6

97.1
97.7
98.3

252.5
257.7
260.1

43.6
43.6
44.4

249.2
249.2
256.8

1872.7
1887.7
1900.2

6091.2
6131.8
6184.0

93.5
92.1
91.3

98.8
99.6

269.7
278.2

44.8
44.6

257. 1
246.3

1909.8
1935.2

6234.9
6269.2

84.0

83.8

49.5
51.8
52.3

83.6
87.2
87.2

85.4
88.0
88.4

92.7
93.5
94.3

38.4
40.$
40.8

56.1
61.9
67.0

94.5
102.8
107.8

83.8
87.0
89.7

83.4
83.4
80.?

39.0
40.1
40.9

68.5
67.9
68.8

107.5
108.0
109.7

81.6
88.5
88.6

37.7
39.8
38.1

69.2
69.9
68.6

106.9
109.7
106.7

89.0
88.9
89.0
88.6

39.9
38.7
37.4
39.0

85.8
91.0

31.9
36.7

48.0

Non M3 Components of L
Short-tarm
Bankers
treasury
acceptances4
securities*

91.9

287.9

BHDIHGl

19a 7 - D E C

7
14
21
28

1988-JAI.

4
11

P
P

1/
2/
BI DBPOSITOBI IBSTItOTIOBS ABB BOBS* BABXB* BOTOAL FOBDS.

W

*AC*S "

*

n

OBITEO KIEGDQB ABO CAHADA. BJCCL0DBS THOSE BBLO

3/

*/
5/

S5.°LS"S5 \SSSS^STJSS£ SJS?55L - ^SL f l M m

B,SM

" """

F0 1G

" " ° ' " " " « • » « « . » „.,„,.

TOTAL ACOBHBBCIAL
PAPEB LESS COBBEBCIAL PAPBB HELD BI BOBBI BABEEf BUT0AL FUHDS
k
?
M ! J T 1 TO
**BBBOfB
° H A H0MTttLlr
AfBBAGB
. . DPP«
AW0STED
DISCO MTIH0IT
IBS.BASIS, DBBIfBD BI AfBBAGIBG BHO-OF-BOHTH
nuoxn LBIBLS
u » t a OF
ur ADJACBBT
aujaLBHT HOMTHS
BOHTBS, Ann
AHD mHAfB
BE EH




H 6 (508)
Table 6

MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted

Oate

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

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
FR balances

IRA and Keogh Accounts
time
and savings
deposits at
commercial
banks

.
commercial
banks

thrift
institutions

money
market
mutual funds

total

1986-DSC.

9.9

1.8

4.1

J. 7

3.7

15.5

22.9

1.7

72.8

I 96.2

I 10.7

179.7

1987-JAM.
PES.
HAS.

10.4
9.9
9.5

1.8
1.7
1.7

4.0
4.0
4.0

3.7
3.3
3.5

9.8
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.
•AI
JO I S

9.7
9.6
9.8

1.9
2.1
2.0

3.9
3.9
3.$

5.0
3.4
3.8

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
102.6

12.4
13.1
13.3

192.1
194.2
195.4

JOLI
AOG.
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
103.5
104.4

13.5
14.0
14.3e

197.0
198.2
199.9e

OCX.
MOV.
DEC*

9.9
9.8
10. Q

1.9
1.7
1.8

3.8
3.8
3.8

3.2
3.2
3.9

8.9
4.0
4.2

27.4
22.6
18.4

39.5
29.8
26.6

1.7
1.7
1.8

81.7
82.3
82.8

104.9
105.1
105.5e

14.59
14. 7e
15.0«

201.1a
202.U
203.2e

7
14
21
28

10.2
10.2
9-6
9.8

1.8
1.7
1.9
1.8

3.8
3.8
3.8
3.8

3.2
2.8
6.3
3.4

4.0
4.2
5.1
3.3

15.1
8.7
21.9
27.4

22.3
15.8
33.3
34.1

1.7
1.7
1.8
1.8

4 P
11 P

10.0
11.7

2.1
1.7

3.8
3.8

4.0
3.8

5.0
4.3

20. 0
12.0

29.0
19.9

1.8
1.8

SEEK EMDIMG:
1987
DEC.

1988
JAI.

• * esti»«te4




SPECIAL SUPPLEMENTARY TABLE
Monthly Survey of Salactad Dapoaita and Othar Accounta
1
At All Insured Commercial Banka and FDIC-Insured Savinga Banks
November 25, 1987 and December 30, 1987
(not seasonally adjuated)
Insured Commercial Banks
Amcunt Outstanding ($mil)
Average Rate Paid (%)
December 30 1 November 30 December 30 1 November 25

Liability Categories
2

|
Number of Iaauing Banks |
November 25
December 30

174,752

170,650

4.95

4.90

13,196

13,263

Money market deposit accounts

353,807

355,898

5.43

5.41

12,513

12,667

Savings accounts

173,141

174,047

5.21

5.21

13,072

13,160

NOW accounts

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

7,145
(929)

6,881
(885)

6.02

5.96

8,831

8,754

32 to 91 days
(standard error of the eatimate)

23,306
(1,083)

23,054
(1,184)

6.26

6.23

12,426

12,523

92 to 182 days
(standard error of the estimate)

132,440
(2,849)

131,839
(3,416)

6.75

6.70

13,352

13,428

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

96,799
(3,532)

95,910
(3,687)

7.14

7.06

12,992

13,043

Over 1 year to 2-1/2 yeara
(standard error of the eatimate)

89,619
(2,237)

88,619
(2,642)

7.46

7.38

13,096

13,180

2-1/2 yeara and over
(standard error of the eatimate)

121,325
(2,962)

120,537
(3,138)

7.86

7.83

12,936

13,023

All IRA/Keogh Plan dapoaita6
(standard error of the eatimate)

83,241
(591)

82,442
(573)

N.A.

N.A.

12,763

12,857

767
(166)

746
(145)

5.46

5.48

2,098

2,133

7
Retail repurchaae agreements
(standard error of the estimate)

Liability Categories

FDIC- Insured Savinga Banks
Average Rate Paid (%)
Amount Outat andinq ($mil)
December 30 November 25
December 30
November 25

2

Number of It auinq Banks
November 251
December 30

6,777

6,601

5.27

5.25

334

335

Money market deposit accounta

33,066

33,603

5.82

5.94

370

371

Savings accounta

40,530

41,037

5.47

5.45

381

382

147
(29)

158
(31)

5.97

5.94

89

96

2,133
(585)

2,026
(659)

6.71

7.58

298

289

21,418
(1,453)

21,131
(1,454)

7.33

7.37

372

373

183 daya to 1 year
(standard error of the eatimate)

23,779
(1,066)

23,477
(1,044)

7.63

7.65

379

380

Over 1 year to 2-1/2 years
(standard error of the eatimate)

20,139
(1,373)

19,932
(1,307)

7.84

7.75

358

359

2-1/2 yeara and over
(standard error of the eatimate)

24,578
(986)

24,569
(991)

8.30

8.31

375

376

All IRA and Keogh Plan dapoaita
(standard error of the eatimate)

17,677
(420)

17,545
(420)

N.A.

N.A.

373

374

Retail repurchaae agreementa
(atandard error of the eatimate)

97
(50)

90
(46)

6.07

6.07

14

NOW accounts

Interest-bearing time deposits with
balances of less than $100,000
with original maturities of:
7 to 31 days
[Bstandard error of the eatimate)
32 to 91 daya
(standard error of the eatimate)
92 to 182 daya
(standard error of the estimate)

|

1 1

NOTE? The lower panel of this table now preaenta data for both mutual and federal aavinga banks.
N.A. - Data not available.
1. Estimates are baaed on data collected by the Federal Reserve from a stratified random sample of about 550 banks and
80 savinga banks.
2. As of January 1, 1986 intereat rate ceilings were removed from all NOW accounta. Beginning with the January 1986
data the NOW account category includea all NOW accounta, including those accounta which were subject to a 5.25 percent
regulatory intereat rate reatriction prior to January 1, 1986. Estimates for this category are based on reports of
deposita. The NOW account rate ia reported aa a simple annual rate.
3. Money market depoait accounta (MMDAa)—Deposits with no required minimum maturity but inatitutiona must reserve the
right to require at least seven days' notice prior to withdrawal, no reatrictiona on depositor eligibility, or
limitations on the amount of intereat that may be paid; such accounta may allow up to aix transfers per month, no more
than three of which may be draft and may permit unlimited withdrawals by mail, messenger, or in person. Estimates for
this category are baaed on reporta of depoaita. The MMDA rate ia reported aa a simple annual rate.
4. Savinga depoaita that, because of restrictions on transactiona, do not meet the definition of an MMDA. Estimates for
this category are baaed on reporta of depoaita. The aavinga account rate ia reported aa a simple annual rate.
5. All intereat-bearing time certificates and open account time depoaita with balancaa of leaa than $100,000, including
thoae held in IRAs and Keogh Plan deposits. With the exception of the 7-31 and 32-91 day depoait rates, which are
reported aa simple annual rates, time depoait rates are annual effective yields reflecting the method of compounding
reported by the individual inatitutiona.
6. All IRA/Keogh Plan time depoaita regardleae of size, type of instrument in which held, or interest rate paid.
7. Includea mutual aavinga banks and FDIC-insured federal aavinga banks.