Full text of H.6 Money Stock Measures : January 23, 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 1508)
Table 1

JAMOAfiX

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

139 1906

Billions of dollars
M1

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

Date

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

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors'1

1984—DEC

558.5

2371.7

2995.0

3541.3

5927.0

1985—JAM.
FEB.
HAS.
APfi.
HAT
JO ME
JULY
AUG.
SEPT.
OCT.
MOV.
DEC. P

562.7
569.4
572.1
574.9
581.6
591.2
595.8
605.9
611.9
611.1
617.9
624.7

2398.9
2421.0
2429.6
2427.7
2444.9
2472.9
2490.6
2514.0
2528.8
2533.0
2547.1
2563.6

3020.5
3041.0
3055.9
3056.9
3076.9
3104.5
3117.2
3142.6
3169.3
3179.7
3194.6
3213.4

3564.0
3595.5
3623.3
3625.9
3644.5
3675.1
3694.6
3732.9
3766.7
3781.7
3820.7

5992.6
6048.2
6103.8
6165.4
0228. <>
6290.8
6356.0
6419.7
6479.2
6542.1
6626.0

Not seasonally adjusted
1984—DEC.

570.4

2376.7

3002.2

3542.9

5921.2

1985—JAM.
FEB.
HAfi.
APE.
HAY
JUME
JOLT
AUG.
SEPT.
OCT.
MO?.
DEC P

568.3
558.6
564.9
581.6
576.2
592.2
599.1
601.5
608.6
610.9
620.1
637.9

2404.2
2414.5
2429.9
2439.6
2441.0
2476.6
2496.6
2507.3
2517.4
2529.6
2545.0
2569.4

3024.3
3034.3
3057.6
3068.8
3074.8
3107.2
3119.4
3137.5
3157.5
3174.2
3195.2
3221.5

3568.9
3592.0
3629.5
3640.0
3639.4
3678.3
3696*5

5985.9
6027.6
6075.8
6136.9
6201. 4
6266.9
6334.2
6400.2
6463.8
6528.4
6613.5

3725.0
3754.7
3776.2
3821.5

M1

For period ended

Seasonally adjusted
13-week average

1985-DKC.

198o-JAM.

MOTE:

4-week average

week average

13-week average

Not seasonally adjusted
4-week average

2
9
16
23
30

614.0
614.7
615.6
617.0
617.8

619.4
621.8
623.3
625.0
624.5

626.4
023*3
622.5
627.6
624.6

613.9
615.1
616.7
619.8
622.6

624.7
626.0
634.0
637.1

6P
13 P

619.1
620.4

626.0
625.9

629.1
622.3

625.9
628. Q

643.5
645.4

620.7

SPECIAL CAUTIOM SHOULD Bi TAKEN IN IMXEfiPBETIMG 1£E*-TO-HS£K CBADGES IK fiOM'
HIGHLY VOLATILE AMD SUBJECT TO REVISION.
P—INDICATES PRELIJUflA&r DATA.
FOOTMOTSS APPEAR OM THE FOLLOHIMG PAGE




week

H.6 (508)
Table 2

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

3 MONTHS FBOM 5SPT. 1985 TO DEC.
6 MONTaS FHOtt JUNE
12 MONTHS FBOJl DEC.

1985 TO DEC1984 TO DEC.

Debt1

.... -_^

M1

1985

8.4

5.5

5.6

12.9

1985

11.3

7.3

7.0

12.8

11.9

8. 1

7.3

13.J

1985

M2

M3

THIBTEEM WEEKS ENDING JAM. 13, 1986
FBOH THIBTEJBN 1EEKS ENDING:

1/

OCT.

14, 1985 (13 MEEKS PREVIOUS)

9.0

JOLT

15 # 1985 (26 HEEKS PBBflOUS)

11-7

JAM.

14, 1985 (52 MBEKS PREVIOUS)

11.7

GttOUTH BATES FOB DEBT ABE BASED ON PSBIODS BEGINNING AMD ENDING ONE MONTH EABJLI8B THAN FOB THE MONETARY AGGBEGATBS,
MAS ELY, AUGUST 1985 TO MOVEHBEB 1985, MAT 1985 TO NOVEMBER 1985, AMD MOFBHBEB 1984 TO NOVEMBER 1985, RESPECTIVELY.

FOOTNOTES TO TABLE 1
CONSISTS OF (1) COBBSNCT OUTSIDE THE TBBASUBY, fEDERAL BBSSBVE BANKS, AMD THE VAULTS OF COMMERCIAL BANKS;
(2) THAVELEBS CHECKS OF MOMBAMK ISSOEBS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHEJi THAN THOSE DUE TO
DOMESTIC BANKS, THE U.S. GOVEBMHENT, AND FOBEIGM BANKS AMD OFFICIAL INSTITUTIONS LESS CASH ITEMS IM THE PBOCESS
OF COLLECTION AMD FSDEBAL BESEBVE FLOAT; AND (4) OTflEB CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER
OF UITHDBANAL (NOU) AND AUTOMATIC TBAMSFEB SEB?ICE (ATS) ACCOUNTS AT DEPOSITOBT INSTITUTIONS,
CBEDIT UNION SHABB DRAFT ACCOUNTS AMD DEMAND DEPOSITS AT THBIFT INSTITUTIONS. THE C0BBBMCY AMD DEMAND
DEPOSIT COAPOMSMTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, B&SPBC2IVELY, HELD BT
THBIFT INSTITUTIONS TO SEBVICB THSIB OCD LIABILITIES.
2/ CONSISTS OF Ml PLUS OVSBMIGHT (AMD CONTINUING CONTRACT) BPS ISSUED fiT ALL COMMERCIAL BANKS AMD OVERNIGHT EUBODOLLABS
ISSUED TO U.S. BESIDENTS BT FOBEIGM BBANCHES OF U.S. BANKS HOBLDHXDS, MHDAS, SAVINGS AMD SMALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING BETAIL BPS—IM AMOUNTS OF LESS THAN $100,000), AMD BALANCES 1R BOTH
TAXABLE AMD TAX-EXEMPT GEMEUAL PUBPOSE AMD BBOKEB/DEALEB MONEY MABKET MUTUAL FUNDS. EXCLUDES IBA AMD KEOGU
BALANCES AT DSPOSITOBT INSTITUTIONS AND MONEY MABKET FUHDS* ALSO EXCLUDES ALL BALAMCES HELD BJf U.S. COMMEBCIAL
BANKS, MONEY MARKET FUNDS (GEMEBAL PUBPOSE AMD BROKER/DEALER), FOBEIGM GOVEBMNENTS AMD COMMERCIAL BAMKS, AMD
THE U.S. GOVEBMHENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AMD VAULT CASH HELD BT THBIFT INSTITUTIONS TO SEBVICE THSIB TIME AMD SAVINGS DEPOSITS.
3/ CONSISTS OF M2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OB MOBS) AMD TSMB RB LIABILITIES ISSUED
BT COMMERCIAL BAMKS AMD THRIFT INSTITUTIONS, TKHM EUBODOLLABS HELD BY U.S. RESlDEUtS AT FOREIGN BRANCHES OF U.S. BANKS
WORLDWIDE AMD AT ALL BANKING OFFICES IM THE UNITED KINGDOM AMD CANADA, AMD BALAMCES IM BOTH TAXABLE AMD TAX-EXEMPT
INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BT DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, SONET
fiABKET FUNDS, AND FOBEIGM BANKS AMD OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT fiBPASSSMTS
THE ESTIMATED AMOUNT OF OVERNIGHT BPS AMD EUBODOLLABS HELD BT INSTITUTION-ONLY MONET MABKET MUTUAL ^URDS,
4/ CONSISTS OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S^ SAVINGS BONDS, SHORT-TKfiM TBEASUBT SECURITIES, COMMERCIAL
PAPSB AMD BANKEBS ACCEPTANCES, NET OF MONET MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS.
5/ DEBT OF DOMESTIC NOMFINANCIAL SECTOBS CONSISTS OF OUTSTANDING CREDIT HABKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AMD LOCAL GOVERNMENTS AMD PBIVATE NOMFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF COBPOBATS BONDS, MORTGAGES,
CONSUMES CBEDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPEB, BANKEBS ACCEPTANCES AMD OTHSB DEBT
INSTBUMENTS. THE DATA ABE DERIVED FBOM THE FEDERAL RESERVE BOARD'S FLOH OF FUHDS ACCOUMTS. ALL DATA ON DEftl1 OF DOMESTIC
NONFIMAKCIAL SECTOBS ABE PRESENTED IN MONTH'AVERAGE FOBH, DERIVED BY AVEBAGING MONTH-END LEVELS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO BEHOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IN THE UNDERLYING FLOW OF FUKDS STATISTICS.
THE PBESENTAT10N OF DEBT DATA IN THIS RELEASE DI/FEBS, THEREFORE, FROM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED IM
IM THE FEDERAL RESERVE RELEASES Z.7 AND 2.1. IM THOSE RELEASES. PUBLISHED LEVELS OF CBEDIT MARKET DEBT ABE MEASURED ON A
A UUABTEB-END BASIS AND INCLUDE DISCONTINUITIES.

1/




H.tfMf)
13

COMPONENTS OF THE MONEY STOCK
Buttons of dollars, asasonally adjusted

1984-DEC.

158.7

5.2

248.6

146.0

1813. 3

623.3

122.6

166.0

288. 6

Salactad nontranaacttons Hann
Small ttens dsposits*
at
at
total
tnrtft
Institutions
banks
885. 6
387.0
498.6

1985-JAN.
FEB.
MAfi.

159.4
160.5
161.3

5.3
5.3
5.4

249.1
251.7
251.9

149.0
151.8
153.6

1836.2
1851.6
1857.5

121.6
621.6
6 2 0 . 0 ! 121.4
120.3
626.3

166.9
168.0
168.4

288. 6
289. 4
288. 6

384.7
382.0
382.8

497.2
495.6
495.8

APR.
HAY
JUNE

161.7
163.1
164.5

5. 5
5. 5
5. 7

252.5
255.8
260.7

155.3
157.3
160.3

1852.7
1863.3
1881.7

119.6
629.3
632.0 i 120.4
631.6
121.9

168.3
168.9
170.2

287. 8
289. 3
292. 1

387.6
390.0
390.7

JULY
AUG.
SEPT.

165.4
167.1
167.9

5.9
5.9
5.9

260.9
264.1
266.8

163.6
168.9
171.3

1894. 8
1908. 1
1916. 9

626.6
628.6
640.5

123.2
124.2
124.6

172.8
176.1
177.1

296. 0
300. 3
301. 7

OCT.
NOV.
DEC. P

168.8
170.0
170.8

5. 9
5. 9
5. 9

264.0
266.3
270.9

172.4
175.7
177.1

1921. 9
1929. 2
1938. 9

646.7
647.5
649.8

125.1
125.3
124.7

179.2
180.5
180.2

304. 3
305. 8
305. 0

Oats

WEEK

1985
DEC.

1986
JAN.

1/

Cunancy

Tiaislsr •
chacksi

Damand
dsposits*

Omar
chsckabta

Nontfansactlons
oomponsnts
i

Inttt
only*

Savings dsposits1

!

at
at
i oommapcial
tnclft
banks
Institutions

total

Larj a tlma dsposits
at
at
total
oommsfcial
19
banks

264.4

151.8

416.2

881.9
877.6
878.6

262.3
264.4
269.4

154.6
154.9
154.2

416. 9
419. 3
423. 6

497.8
502.0
503.4

685.3
892.0
894.2

273.0
272. 1
267.7

154.4
156.1
156.4

427.3
428.2
424.1

388.4
384.1
382.8

500.1
494.3
491.6

888.5
878.4
874.4

265.7
267.6
272.9

154.2
153.7
155.7

420. 0
421. 4
428. 6

381.7
381.6
384.2

489.9
490.1
494.1

871. 6
671. 7
878. 3

277.2
280.1
281.3

156.1
157.6
159.7

433. 3
437. 7
441. 1

ENDING

2
9
16
23
30

170.6
170.7
170.8
171.0
171.0

272.9
269.6
269.2
272.7
270.4

177.0
177.1
176.6
178.1
177.3

125.1
124.9
124.7
124.5
124.6

382.7
384.0
384.5
384.7
383.8

280.6
281.7
281.6
280.6
260.9

6 P
13 P

171.4
171.3

273.5
266.1

178.3
179.1

124.8
124.6

385.4
385.3

287.9
269.3

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND fAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
2/ OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBAHK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
3/ DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DOE 10 DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT.
ElLLUUhS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
4/ CONSISTS OF NOW AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EUUALS THE DIFFERENCE BETHSEN THE
SEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDED KRE ALL CEILING
FREE H SUPER NOBS," AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEREGULATION COMMITTEE TO BE OFFERED BEGINNING JANUARY 5,
1983.
5/ SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER),
HHDAS, AND SAVINGS AND SHALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF
DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS LIABILITIES.
6/ SUM 0* LARGE TIME DEPOSITS, TERM RPS AND TERM EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET FUND BALANCES (INSTITUTIONONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT IPS AND EURODOLLARS HELD BY
INSTITUTION-ONLY HONEY MARKET FUNDS.
7/ SAVINGS DEPOSITS EXCLUDE MMDAS.
8/ SMALL DENOMINATION TIME DEPUSITS--INCLUDING RETAIL H P S — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (1KA) AND KEOliH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SMALL
TIME DEPOSITS.
9/ LARGE DENOMINATION TIME DEPOSITS AiiE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
10/ LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY HONEY MARKET MUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FUHEItiN BANKS AND OFFICIAL INSTITUTIONS.



H.6 (508)
Table 4

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

Date

1/
2/
3/

savings bonds

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

commercial paper3

Debt components^federal debt
non-federal debt

1984-NOV.
DEC.

73.9
74.1

268.0
267.2

43.4
43.2

157.6
161.8

134 7.6
1367.4

4503.1
4559.6

1985-JAN.
FSB.
MAR.

74.4
74.9
75.3

266.6
270.2
275.9

42.8
44.6
46.4

159.6
164.8
169.8

1364.9
1399.4
1409.3

4607.8
4648.8
4694.5

APR.
MAY
JUNE

75.8
76.2
76.6

278.2
277.9
286.5

46.1
44.8
42.8

168.9
168.6
164.7

1423.1
1441.4
1458.3

4742.3
4787.1
4832.5

JULY
AUG.
SEPT.

76.7
77.2
78.1

286.9
288.1
290.0

42.7
42.9
42.9

171.1
182.0
186.6

1478.5
1496.1
1505.6

4877.5
4923.6
4973.6

OCT.
NOV. P

78.5
78.9

288.2
303.3

43.6
46.6

191.7
197.4

1516.6
1548.2

5025.5
5077.7

CONSISTS OF U.S. TREASURY bILLS AMD COUPONS WITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD 3Y OTHER THAN DEPOSITORY
INSTITUTIONS, PEVERkL RESERVE BANKS, MONEY MARKET MUTUAL FUUDS AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE t&DEUkL
HOME LOAN BANK SYSTEM AND MONEY MARKET MOTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.
»DEBT DATA ARE ON A MONTHLY AVERAGE BHSlSg DERIVED BY AVERAGING END-OF-MONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEU
ADJUSTED TO REMOVE DISCONTINUITIES.




H.b (butt)
Table 5

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

Currency

160.9

1984-DEC.

1

Travelers
checks2

4.9

Demand
deposits 3

257.4

at commercial
banks4

105.9

at thrift
institutions*

Nontransactions components
total

in M2'

in M3 only

7

Overnight
RPs8

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

41.3

147.2

1806.3

625.4

45.2

12.4

167.5

1835.9
1855.9
1865.0

620.1
619.8
627.7

48.7
56.3
55.7

14.2
13.3
12.4

171.9
175.1
177.6

1985-JAN.
FEB.
MAR.

158.3
158.6
159.8

4.9
5.0
5.1

254.9
244.9
246.3

108.3
107.8
109.9

41.8
42.3
43.8

150.1
150.1
153.6

APR.
NAY
JUNE

161.2
163.2
165.2

5.2
5.4
6.0

255.1
2*1.4
259.8

114.1
110.5
113.8

46.1
45.7
47.4

160.1
156.2
161.3

1858.0
1864.8
1884.4

629.3
633.8
630.6

47.4
51.3
50.3

12.0
12.8
12.7

176.2
172.2
175.4

JULY
AUG.
SEPT.

166.8
167.7
167.6

6.6
6.5
6.2

262.2
260.9
265.4

115.0
117.1
119.0

48.5
49.3
50.3

163.5
166.4
169.3

1897.5
19Q5.8
1908.9

622.8
630.2
640.1

50.2
51.9
52.7

12.4
14.2
13.9

175.8
176.8
176.7

OCT.
NOV.
DEC.

168.5
170.8
173.1

5.9
5.6
5.5

265.4
268.5
280.3

119.8
122.6
125.8

51.4
52.7
53.2

171.2
175.3
179.0

1918.7
1924.9
1931.5

644.5
650.2
652.1

52.9
55.0
56.2

14.2
13.8
16.7

177.0
176.5
175.8

WEEK

P

ENDING:

1985-DBC.

2
9
16
23
30

171.6
173.1
172.8
174.1
173.1

274.6
275.9
277.8
280.1
283*9

122.8
126.5
125.6
125.8
125.2

53.0
54.4
53.2
52.6
52.3

175.7
181.0
178.8
178.4
177.5

55.3
58-1
56.8
57.8
52.9

13.0
17.0
15.9
16.1
18.0

176.5
176.9
176.3
175.8
174.5

1986-JAI-

6P
13 P

172.5
171.5

297.5
280.5

130.7
130.7

54.9
54.0

185.7
164.7

52.1
50.2

21.7
19.4

172.3
175.8

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

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RUSRRVE BANKS AND THE FAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OF TAULT 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 BI DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THS U.S. GOVEJIIfliSIT AID FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT, LBSS THE ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF NOi AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIKS OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS. INCLUDES SUPER NOUS OF S45.1 BILLIOU IN THE REEK END DECEMBER 30, $47.0 BILLION IB THE MEEK ENDED
JANUARY 6, AND $47.4 BILLION IN THE WEEK BUDED JANUARY 13.
CONSISTS OF NOV AND ATS BALANCES AT SAVINGS AID LOAN ASSOCIATIONS AID MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER NOBS OF $18.5 BILLION IN Tfl* KEEK BUD&D DECEMBER 30,
$19.4 BILLION IN THE NEEK ENDED JANUARY 6, AND $19.2 BILLION II THE IEEK ENDED JANUARY 13.
SUM OF OVERNIGHT RPS AND EURODOLLARS, HOMEY MARKET FUND BALANCBS (GENERAL PURPOSE AND BROKER/DEALER),flHDASAID SAVINGS
AND SHALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET FUND BALANCES (INSTITUTION-OILY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPhESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY
MONEY MARKET MUTUAL FVSDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTION AND
HONEY MARKET MUTUAL FUNDS (GENSR4L PURPOSE AND BROKER/DEALER).
ISSUED bX FOHEIGN BLANCHES OF U.S. BANKS WORLDWIDE TO U.S. AESIDERTS OTHER THAN DEPOSITORY INSTITUTIONS AND
MUNEY MARKET HUTUAJ *UNDS (GENEfcAL PUhPOSE AND rihOKfcK/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
total
thrift
commercial
institutions
banks

at
commercial
banks

Savings deposits
at
thrift
institutions

total

Small denomination time deposits2
at
at
thrift
commercial
total
banks
institutions

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

1984-DBC.

267.1

147.9

415.1

121.4

164.9

286.3

387.6

499.4

887.0

265.9

151.1

416.9

1985-JAN.
FEB.
HAB.

280.4
289.3
294.0

153.2
159.0
163.9

433.7
448.3
457.9

121.1
120.4
120.6

165.7
166.5
168.2

286.9
286.9
288.8

386.3
384.1
383.7

502.0
499.5
496.3

888.4
88J.6
860.0

263.0
263.9
269.8

154.1
154.9
153.3

417.1
418.8
423.0

APB.

295.9
298.3
307.3

164.5
165.5
167.8

460.3
463.8
475.1

120.9
121.7
123.2

169.3
170.1
172.6

290.2
291.8
295.8

383.9
385.2
386.4

495.6
495.5
496.7

879.4
880.6
883.1

270. 4
270.0
267.2

153.4
156.1
156.0

423.8
426.0
423.2

313.0
317.7
321.2

171.1
174.3
175.5

484.1
492.1
496.7

124.3
124.0
123.7

175.1
175.5
176.0

299.4
299.5
299.7

386.4
385.3
385.1

497.5
494.0
492.3

883.9
879.4
677.4

264.9
269.4
274.6

154.3
155.1
156.3

419.2
424.6
430.8

324.3
329.2
332.4

176.8
177.3
176.6

501.1
506.5
509.0

124.5
124.2
123.5

179.0
179.6
178.9

303.5
303.9
302.4

384.8
384.3
384.9

493.6
493.6
495.0

876.4
677.9
879.9

276.2
280.1
282.7

157.4
158.2
158.9

435.7
438.2
441.6

HAI

JUNE
JULI
AUG.

SEPT.
OCT.
MO?.

DEC, P
WEEK ENDING
1965
DEC.

1986
JAN.

1/
2/

3/
\/

2
9
16
23
30

330.4
331.8
332.6
332.1
332.9

123.9
124.1
123.6
123.0
122.9

384.5
384.7
384.8
385.0
384.9

281.5
281.8
282.5
282.2
283.8

6 P
13 P

336.9
337.4

124.4
124.J

386.5
386.9

269.8
289.9

SAVINGS DEPOSITS EXCLUDE HHDAS.
SHALL DENOHINATION TIME DEPOSITS ~ INCLUDINGflfilAILAPS ~ ABE THOSE ISSUED IH AHO0NTS OF LESS THAN $100,000. ALL
INDIVIDUAL BETIBEHENT ACCOUNTS (IBA) AND KEOGH ACCOUNTS AT COHHBBCIAL BANKS AND THRIFTS ABE SUBTBACTED FBOH SHALL
TIHB DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ABE THOSE ISSUED IN AHOUNTS OF $100,000 OB HOBE, EXCLUDING THOSE BOOKED AT INTBflNATIONAL
BANKING FACILITIES (IBFS).
LABGB*DENOHINATION TIHE DEPOSITS AT COHHEBCIAL BANKS LESS THOSE HELD Br HONEI HABKET HUTUAL FUNDS, DEPOSITOR!
INSTITUTIONS AND FOBE1GN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (508)
Table 5-continuod

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Term RPs1
Date

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

Term
Eurodollars2

Savings
bonds

Non M3 Components of L
Short-term
treasury
Bankers
acceptances 4
securities3

Components of Debt
Commercial
paper*

Federal debt*

Non-Federal*
debt

1984-DEC.

62.7

32.5

37.3

69.7

83.2

74.4

264.7

44.8

156.9

1364.7

4556.4

1985-JAM.
FEB.
BAR.

65.0
62.2
59.5

29.9
31.2
32.7

35.1
34.5
36.2

65.0
65.7
68.9

8UI
61.3
84.7

74.6
74.9
75.3

268.5
273.8
283.5

44.1
44.8
45. J

157.3
164.2
167.7

1383. 1
1397.4
1412.0

4602.8
4630.2
4663.8

APR.
HA I
JUNE

59.6
63.5
67.1

35.2
33.4
33.1

36.8
35.4
33.8

71.9
68.8
66.9

81.0
81.8
79.9

75.6
76.1
76.5

281.6
275.8
264.4

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
AOG.
SEPT.

65.0
63.6
62.3

31.1
32.1
33.1

33.9
35.5
37.6

65.0
67.6
70.7

79.4
80.2
80.8

76.6
77.1
78.0

285.4
286.6
288.1

42.0
42.6
43.^

173.1
181.0
187.6

1475.8
1495.8
1506.9

4658.4
4904.4
4956.9

OCT.
HO 7.
DEC. P

63.3
64.5
64.5

31.8
33.6
34.4

38.8
40.7
42.0

70.6
74.3
76.4

80.3
79.6
76.6

78.5
79.0

286.3
300.0

43.8
47.5

193.4
199.7

1515.5
1544.2

5012.9
5069.3

64.5
64.1
64.3
64.8
64.8

39.8
30.7
33.1
35.7
36.5

64.3

33.5
36.0

KEEK ENDING:
1985-DBC.

2
9
16

23
30
1986-JAN.

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

6P
13 P

67.3

TERM EPS ABE THOSE HITH ORIGINAL HAT0B1TIES GREATER THAN ONE DAI, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS. IIICLODES
A RELATIVELY SHALL AMOUNT OF OVERNIGHT BPS AT THRIFT INSTITUTIONS.
TERM EURODOLLARS ARE THOSE HITH ORIGINAL MATURITIES GREATER THAN ONE DAT. CONSISTS OF THOSE ISS0ED TO U.S. RESIDENTS BI
FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE AND BY ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEI HARKET HOTUAL FUHDSm
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, HONEY MARKET MUTUAL FUNDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND HONEY HARKET MUTUAL FUHDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BkSIS, DERIVED BY AVERAGING END-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6 (508)
Table 6

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

Date

foreign
commercial
banks

IRA and Keogh Accounts

U.S. 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

time
and savings
deposits at
commercial
banks

9.1

16.0

1.0

43.8

59.0

6.9

109.7

8.5

1.9

8.3
7.5

2.1

9.2
8.9

9.2

22.5
20.1
16.6

1.1
1.1

8.7

4.0
4.3
3.8

14.9
12.7

1.8

3.7
3.1
3.6

45.3
47.0
48.8

61.4
63.1
65.4

7.4
7.7
7.9

114.0
117.9
122.1

8.5
8.4
8.3

3.9
3.1

6.6

6.7
2.8

22.0
27.6
17.7

1.0
1.0

3.4

11.5
17.8
11.4

53.5
55.1
55.9

69.2
70.5
71.8

8.6
8.6
8.4

131.2
134.2
136.1

27.0
16.4
21.1

11.0

56.7
57.4
57. $

73.7
75.2
76.4

8.5

1.1
U1

8.4

138.8
140.9
142.5

1.1
1.1
1.2

58.2
58.7
59.2

77.3
77.8
79. 1e

7.6
7.8

1.0

7.8

1.9
2.1
1.9

JULI
AUG.
SEPT.

7.9
7.6
7.9

1.8
1.9
2.0

8.3
8.2
8.2

3.1
2.8
3.4

4.0
3.0
4.3

20.0
10.6
13.4

OCT.
HO?.
DEC. P

7.9

1.8
2.1
1.9

8.4
8.5
8.3

3.0
3.0

2.4

8.5

4.8

3.5

3.1
2.8
3.4

11.1

10.7
18.0

2.4

8.2
8.4
8.4
8.3
8.3

3.2
3.0

2.2
2.7

10.0

15.4

2.9

4.5
3.3
3.2

3.3
3.6
3.9

8.6
9.2

18.1
21.2

25.0
28.3

1.2
1.2

8.3
8.2

3.8
2.9

5.5
5.0

20.1
15.0

29.4
23.0

.1
.1

7.8
8.2

i.o

EMDIHG:

1985

1986
JAH.

23

7.7
7.5
8.5
7.7

30

9.0

6 P
13 P

9.6
8.0

e = estiaated




total

3.4

APR,
HAY
JUNE

9
16

money
market
mutual funds

3.4

1985-JA*.
FEB.
HAfi.

2

thrift
institutions

9.6

8.6

DEC.

commercial
banks

2.0

1984-DEC.

IBEK

foreign
official
institutions

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

1.8
1.7
2.0
1.8

2.1
1.9

1.4

1.2
1.2
1.2

8.3
8.4

8.7«
9.1e

144.0
145.2e
147.3e

SPECIAL SUPPLEMENTARY TABLE
Monthly Survey of Selected Deposits and Other Accounts
At A l l Insured Commercial Banks and All Hatual Savings Banks 1
November 2 7 , 1985 and December 2 5, 1985
(not seasonally a d j u s t e d )
Insured Commercial BankB
Average Rate Paid (7.)
Amount Outstanding (Smil)
Number of Issuing Banks
November 27
December 25 1 November 27
December 25 November 27
December 25'

Liability Categories

"Super NOW" accounts^
(standard error of the estimate)
Money market deposit accounts3
Interest-bearing time deposits with
balances of less than $100,000
with original maturities of.
7 to 31 days
(standard error of the estimate)

43,524
(879)
330,361

44,545
(848)
332,914

6.04

5.99

11,825

11,797

6.75

6.71

12,869

12,838

5,182
(390)

5,318
(359)

6.91

6.85

8,455

8,432

32 to 91 days
(standard error of the estimate)

20.313
(850)

20,966
(981)

7.14

7.16

12,744

12,620

92 to 182 days
(standard error of the estimate)

149,264
(2.164)

147,777
(2.187)

7.60

7.50

13,490

13,459

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

65.973
(1.677)

66,131
(1,642)

7.90

7.77

12,777

12,712

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

80.784
(1.722)

81,172
(1,723)

8.40

8.24

13,010

12,978

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

114.786
(1,816)

115,355
(1,818)

8.96

8.73

12,961

12,945

All IRA/Keogh Plan deposits5
(standard error of the estimate)

58,878
(494)

59,352
(517)

(N.A.)

(N.A.)

13,108

13,076

Retail repurchase agreements^
(standard error of the estimate)

1,353
(301)

1,294
(217)

6.91

3,017

2,992

1

1
1

6.77

State-Chartered Mutual Savings Banks
!
Number of Issuing Banks
Average Rate Paid (I)
Amount Outstanding (Smil)
December 25
December 25 November 27
December 25 November 27
November 27

Liability Categories

"Super NOW" accounts*
(standard error of the estimate)

1,257
(2)

1,288
(3)

6.34

6.22

212

212

Money market deposit accounts3
(standard error of the estimate)

30,113
(86)

29,983
(84)

6.98

6.91

341

341

219
(34)

211
(32)

6.59

6.43

128

120

32 to 91 days
(standard error of the estimate)

1,034
(65)

1*029
(63)

7.12

7.08

292

292

92 to 182 days
(standard error of the estimate)

21,297
(62)

21,183
(136)

7.84

7.74

339

339

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

12,517
(334)

12,539
(339)

8.33

8.21

334

334

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

11,946
(154)

12,006
(167)

8.76

8.63

333

333

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

19,184
(205)

19,406
(168)

9.35

9.13

349

349

All TRA and Keogh Flan deposits5
(standard error of the estimate)

10,220
(242)

10,263
(237)

(N.A.)

(N.A.)

345

345

Retail repurchase agreements"
(standard error of the estimate)

72
(52)

63
(48)

6.73

6.72

28

28

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

l'/Estlmates^re^sefon'data collected by the Federal Reserve from a stratified random sample of about 550 banks
and 75 mutual savings banks.
2. -Super NOW" accounts are NOW accounts containing an agreement between depositor and depository such that
provided certain conditions-Including a $1,000 minimum balance—are met, some or all funds deposited are eligible
provld
to earn more than 5.25 percent

unless

vne average

uajjsuw

*».»..».«» w*.»~- «,-,

o

•

-

I««.I».~J

accounts may allow up to six 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 of deposits are based on data collected
by the Federal Reserve from weekly deposit reports submitted by about 10,500 commercial banks.
4. All Interest-bearing time certificates and open account time deposits with balances of less than $100,000,
including those held In IRAs and Keogh Flan deposits.
5. All IRA/Keogh Plan time deposits regardless of site, type of instrument In which held, or interest rate paid.
6. Retail repurchase agreements are in denominations of less than $100,000 with maturities of less than 90 days
that the
arise
from
the transfer
direct
obligations of, or obligations fully-guaranteed as to principal and interest
by,
U.S.
Government
or anof
agency
thereof.