Full text of H.6 Money Stock Measures : January 28, 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

JANUABI

Billions of dollars

Date

M1

M2

M3

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

M1 plus overnight RPs
and Eurodollars,
MMMF balances (gen. pur.
and broker/dealer), MMOAs,
and savings and small
time deposits2

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

28, 1988

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors3

Seasonally adjusted
1986—DEC

730.5

2801.2

3493.1

4140.7

760to.1

1987—JAB.
FEB.
BAB.
APE.
BAI
JOVE
JULY
AUG.
SEPT.
OCT.
EOT.
DEC

737.7
737.4
739.5
750.3
753.1
746.6
747.6
751.0
751.4
760.7
756.6
753.0

2823.5
2823.0
2826.5
2839.9
2840.3
2441.6
2847,9
2662.7
2875.8
2892.5
2891.1
2895.6

3519.1
3522.7
3527.4
3544.0
3560.3
3577.5
3584.2
3604.8
3621.3
3644.7
3657.7
3662.3

4173.3
4180.8
4169.8
4181.8
4215.8
4230.7
4226.1
4252.1
4280.9
4316.9
4331.4

7673.6
7710.9
7754,3
7815.6
7882.8
7943.2
7985.9
tJ0J7. 5
8098.0
8163.7
8235.7

1986—DEC

746.5

2814.7

3508.3

4154.2

7591.7

1907—JAB.
PEL.
BAB.
API.
BAI
JO HE
J0LX
A0G.
SEPT.
OCT.
BO?.
©EC

744.4
723.3
728.9
757.5
744.9
749.1
751.5
749.4
749.4
757.7
759.7
769. 1

2833.7
2811.1
2820.3
2848.6
2829.3
2842.7
2855.0
2860.8
2868.6
2888.5
2893.5
2909.2

3529.8
3513.0
3524.6
3552.1
3550.5
3575.3
3583.9
3600.3
3616.0
3640.4
3662.0
3677.2

4184.6
4172.5
4172.9
4189.7
4200.4
4229.9
4226.4
4248.6
4275.6
4310.8
4334.4

7656.4
7076.9
7722.5
7784.5
7850.2
7915.0
7963.9
8019.5
6084.2
8144.7
8 2 0 4 . 4 ~'K

13-week average

Seasonally adjusted
4-week average

Not seasonally adjusted

M1
for period ended
1967-DSC

1988-JAB.

VOTE:

week average

7
14
21
28

756.9
756.9
756.7
756.7

755.3
754.0
752.2
752.5

754.7
751.0.
752.2
752. 1

4
11 P
18 P

756.7
757.0
757.1

753.0
754.8
757.1

756.6
758.2
761.5

13-week average

Not seasonally adjusted
4-week average

756.5
756.9
758.5
761.2

760.1
760.7
764.5
767.9

763.5
765.7
766.5

773.2
776.2
779.1

week average

t

770.3
765.3
767.5
768.3
791.8
785.0
771.4

SPECIAL CA0TIOB SflOULO BE TAKflB IE I M T B B P O K B C tEEt-TO-tBBK C8ABCBS IB BOBBr S0PPLT DATA, BBICB ABE
HIGBLI fOLATILE ABO SOBJECT TO BBVISIOB.
P—IBDICATBS PBELIBIBABr OATA.
FOOTBOTES APPEAB OB THE POLLOBIBG PAGE




H.6 (508)
Table 2

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

M1

/fl^Z

HONTHS FBOB SEPT. 1987 TO DEC.

M2

M3

Debt1

1*87

1.0

2.8

4.5

9.9

6 HONTHS FBOH JOHE

1987 TO DEC.

1967

1.7

3.8

4.7

9.0

g!! J2 HONTHS FBOH DEC.

1986 TO DEC.

1987

3.1

3.4

4.8

^.6

Q*.
v

^PJBTBEM REEKS ENDING JAN. 18, 1988
^;
FBOH TUIBTEEN REEKS ENDING:
OF** v
^;/'OCT.

19, 1987 (13 REEKS PBBVIOUS)

2.6

°£ p

JOLI

20, 1987 (26 REEKS PBEVIOUS)

1.9

Cv&

JAN.

1 9 , 1 9 8 7 (52 REEKS PREVIOUS)

<*•?

V

GBONTH B A T E S F O B DEBT A B B B A S E D ON PEBIODS BEGINNING A N D ENDING O N E HONTH E A B L I E B THAN F O B T H E MONETARY A G G B E G A T E S ,
N A B B L I , AUGUST 1 9 8 7 T O NOVEMBER 1 9 8 7 , HAT 1987 T O NOfEflBEfi 1987, AND N07BHBEB 1986 TO EO^EHBER 1987, B E S P E C T I V B L Y .

»

V

2/

3/

5/

-

•• r- -.. .

1

-

---

'FOOTNOTES T O T A B L E 1
"
CONSISTS O F (1) CUBBBBCI O U T S I D E T H E T B B A S O B I , FEDERAL BESEBVB BANKS, A N D T H E fAULTS OF C O H H E B C I A L BANK*;
(2) T B A V E L B B S C H E C K S O F NONBANK I S S O B B S ; (3) DBHAND DEPOSITS A T ALL C O H H E B C I A L B A N K S O T H E B THAN T H O S E D U E TO
DOHESTIC BANKS, T H E U . S . G O V E B N H E N T , A N D FOBEIGN BANKS A N D O F F I C I A L I N S T I T U T I O N S L E S S CASH I T E H S I N T H E PBOCBSS
OF COLLECTION A N D F E D B B A L B E S B B f B F L O A T ; A N D (4) OTHEB CHECKABLE D E P O S I T S (OCD) C O N S I S T I N G O F N E G O T I A B L E ORDER
OF N I T H D B A R A L (HOB) A N D AUTOHATXC TBARSFEB S E B Y X C E (ATS) A C C O U N T S AT D B P O S I T O B Y I N S T I T U T I O N S ,
CBEDXT ONION S H A B E D B A F T A C C O U N T S A N D DBHAND DEPOSITS AT THBIFT I N S T I T U T I O N S . T H E C U B B E N C Y AND DEMAND
DEPOSIT C O H P O N B N T S E X C L U D E T H E E S T I M A T E D AMOUNT OF 7AULT CASH AMD DEMAND D E P O S I T S , B E S P E C T I V B L Y , HELD BY
THBIFT I N S T I T U T I O N S T O S B B f l C E TflBIB O C D L I A B I L I T I E S .
CONSISTS O F H1 P L O S 0 ¥ E B N I G H T (AND CONTINUING CONTBACT) BPS I S S U E D BY A L L C O H H E B C I A L BANKS A N D O V E K N I G H T E U B O D O L L A B S
ISSUED T O U . S . R E S I D E N T S B I FOBBIGN BBANCHBS OF U . S . BANKS HOBLDHIDE, MHDAS, S A V I N G S A N D SMALL D E N O M I N A T I O N
T I H B D E P O S I T S (TXHB D E P O S I T S — I N C L U D I N G BBTAIL B P S — I N AMOUNTS O F LESS THAN $ 1 0 0 , 0 0 0 ) , A N D B A L A N C E S IN B O T H
TAXABLE A N D T A X - E X E M P T GBNEBAL PUBPOSB AND BROEER/DEkLER
NONEI MABKST MUTUAL F U N D S . E X C L U D E S IBA AND KBOGH
BALANCES A T DBPOSXTOBX I N S T I T U T I O N S AND HONEX MABKET FUEDS. ALSO E X C L U D E S A L L BALANCES HELD BX U.S. C O H H E B C I A L
B A N K S , MONEY MABKET WUEDS (GBNEBAL PUBPOSE AND B B O K E B / D E A L E B ) , FOBEIGN G 0 7 E B N H E R T S AND C O H H E B C I A L B A N K S , AND
THE U.S. G O V E B H H B M T . ALSO S O B T B A C T E D IS A CONSOLIDATION ADJUSTMENT THAT R E P R E S E N T S T H E ESTIMATED AMOUNT
OF DEMAND D E P O S I T S A N D VAULT CASH &ELD BX THBIFT I N S T I T U T I O N S TO SERVICE THEIB T I M E AND S A V I N G S D E P O S I T S .
CONSISTS O F H 2 PLOS L A B G E DBNOHXHATION TIME DEPOSITS (IM AMOUNTS O F $10,0,000 O B NOBE) A N D TEBM BP L I A B I L I T I E S I S S O E D
BI C O H H E B C I A L BANKS A N D THBIFT I N S T I T U T I O N S ; TEBH BUBODOLLABS HELD BY U . S . B E S I D E N T S AT FOBEIGN B B A N C H B S OF U . S . BANKS
ROBLDRIDE A N D A T A L L BANKING O F F I C E S IN T H E U N I T E D KINGDOH AND CANADA, AND BALANCES IN BOTH T A X A B L E A N D T A X - E X E M P T
INSTITUTION-ONLY HONEX MABKET HOTOAL F U N D S . EXCLUDES AMOUNTS HELD BY DEPOSITOBY I N S T I T U T I O N S , T H E U . S . G O V E B N H E N T , HOMEY
MABKET fUEDS,
A N D FOBBJGN BANKS AND OFFICIAL I N S T I T U T I O N S . ALSO S U B T R A C T E D IS A C O N S O L I D A T I O N A D J U S T M E N T THAT R E P R E S E N T S
TBB E S T I H A T B D A H O O N T OF O V B E N I G H T B P S A N D EUBODOLLABS HELD BX INSTITUTION-ONLY MONEY MABKET MUTUAL F U N D S .
CONSISTS O F M 3 P L O S T H E NONBANK PUBLIC HOLDINGS O F U . S . SAVINGS B O N D S , S H O B T - T E B H TBEASUBY S E C U B I T I B S , C O H H E B C I A L
PAPER A N D BANKEBS A C C E P T A N C E S , NET O F HONEY HABKET HUTUAL FUND HOLDINGS OF T H E S E ASSETS.
DEBT O F D O H E S T I C RONFXNANCXAL SECTORS C O N S I S T S OF OUTSTANDING CBEDIT HABKET DEBT OF T H E UNITED S T A T E S G O V E B N H E N T ,
S T A T E A N D L O C A L G O V E B N M B N T S A N D PRIVATE NONFINANCIAL S E C I O B S . P R I V A T E DEBT C O N S I S T S O F C O R P O R A T E B O N D S , MORTGAGES
CONSUMER C B E D I T (INCLUDING BANK L O A N S ) , OTHEB BANK L O A N S , COHHEBCIAL PAPER, BANKERS A C C E P T A N C E S A N D OTHEB DEBT
I N S T B U H B N T S . T H E DATA A B B D E B I T E D FBOH T H E TRDBRkL BESEBVB BOARD'S FLOV OF F U N D S A C C O U N T S . A L L DATA ON DEBT OF DOMESTIC
NONFINANCIAL SECTOBS A B E PBBSENTBD IN HONTH-AVBBAGB F O B E , D E B I V E D BY AVEBAGING MONTH-END LXVBLS O F A D J A C E N T M O N T H S . THESE
DATA HAVE ALSO BEEN A D J U S T E D T O B B H O V E STATISTICAL DISCONTINUITIES T H A T HAY A R I S E IN T H E UNDERLYING FLOW O F FUNDS S T A T I S T I C S .
T B E PRESENTATION O F DEBT DATA IN T H I S B B L E A S E DIFFEBS, T H E H E F O B E , FBOH T H E QOABTERLY FLON OF FUNDS S T A T I S T I C S C O N T A I N E D
IN T E E FEDERAL BESBBfB RELEASES Z.7 AND X . I . IN T H O S E BELEASES, P U B L I S H B D LEVELS OF C B E D I T HABKET D E B T A B E MEASURED ON
A QOABTEB-EHD BASIS AND INCLUDE DISCONTINUITIES.




COMPONENTS OF THE MONEY STOCK
tMtttftt of dollars, ssssonsMy sdjustsd

3

1986-DEC.

183.5

oTT

308.3

232.3

2070.7

691.9

ftsw4nnt rtimarta7
r
i
" at
thrift
total
Institutions
bonks
211.8
154.5
366.3

1987-JAN.
FEB.
MAR-

186.0
187.2
187.7

6.5
6.7
6.8

305.1
300.8
299.3

240.1
242.9
245.7

2085.7
2085.6
2087.1

695.6
699.6
700.9

159.8
164.4
168.3

216.9
222.7
228.0

APR.
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

172.2
174.5
175.5

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
2124.6

736.3
742.0
745.5

OCT.
NOV.
DEC.

196.2
198.4
199.7

7.0
7.0
7.0

300.4
295.7
291.6

257. 2
255. 5
254.7

2131.8
2134.5
2142.5

752.2 !
766.6 i
766.7

294.7
291.3
290.7
289.2

254. 3
253.5
255.1
255.2

291.8
294.0
293.7

256. 1
255.6
258. 1

Oast

Currency1

1988
JAN.

7
14
21
28

1 9 8 . 6 1,
199.2
199.3
200.8

4
11 P
18 P

201.7
201.5
202.7

1/

Othsr
chackabt*
deposits

4

oomponsnss

tastt

<"*•

ktfttt*

\

SIINM WWJS dsposny
1
St
total
thrift
COfTWVtSfCiSJ

j

l i a s Mms dsposhV
St
thrift
total
oommsfdsl
19
Nistltiftions
banks
155.3
447.1
291.8
St

banks
364.7

Institutions,
488.7

853.5

376.7
387.2
396.3

364.7
362.6
360.0

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

233.8
237.2
239.7

406. 1
411.7
415.2

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
150.2

454.6
459.7
465.1

176.6
178.0
178.0

240.1
241.8
241.3

416.7
419.9
419.3

363.4
365.4
367.3

495.1
500.1
504.2

858.5
865.5
871.5

313.7
313.7
313.6

151.4
153.1
155.3

465.1
466.8
468.9

177.5
177.0
177.3

239.3
234.9
23 3 . 3

416.7
412.0
410.5

373.0
380.8
384.7

509.7
520.4
529.9

882.7
901.2
914.5

317.0
322.7
322.9

159.1
162.7
166.0

476.1
485.4
489.0

:. _. * ..

MEEK ENDING
1987
DEC.

Osmond
dsposhV

Tfswstsm
chicks*

ttstsctsdnOmfSjnSSCtlOnS HSIIIS

.!

I

177.5
177.5
177.1
177.2

383.5
384.3
385.0
385.5

321.9
323.3
323.4
323.1

177.6
178.2
178.4

385.9
387.3
388.2

324.2
320. 8
321.4

\

CURRENCY OUTSIDE THE U.S. TREASURY, PEDERAL RESERVE BANKS AND VAULTS OP COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OP VAULT CASH HELD BY THRIPT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
2/ OUTSTANDING AMOUNT OP U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OP NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
3/ DEMAND DEPOSITS AT COMMERCIAL BANKS AND POREIGN RBLkT&D INSTITUTIONS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND POREIGN BANKS AND OPPICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OP COLLECTION AND P£DERAL RESERVE PLOAT.
EXCLUDES THE ESTIMATED AMOUNT OP DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIPT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
4/ CONSISTS OP NOV AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAPT BALANCES AND
DEMAND DEPOSITS AT THRIPT INSTITUTIONS.
5/ SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, HONEY MARKET PUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER),
MMDAS, AND SAVINGS AND SMALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OP
DEMAND DEPOSITS AND VAULT CASH HELD BY THRIPT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS LIABILITIES.
6/ SUM OP LARGE TIME DEPOSITS, TERM RPS AND TERM EURODOLLARS OP U.S. RESIDENTS, HONEY MARKET PUND BALANCES (INSTITUTIONONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OP OVERNIGHT RPS AND EURODOLLARS HELD BY
INSTITUTION-ONLY MONEY MARKET PUNDS.
7/ SAVINGS DEPOSITS EXCLUDE MMDAS.
8/ SMALL DENOMINATION TIMS DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUED IN AMOUNTS OP LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGU ACCOUNTS AT COMMERCIAL BANKS AND THRIPTS ARE SUBTRACTED PROM SHALL
TIME DEPOSITS.
9/ LARGS DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OP $100,000 OR MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
10/ LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY MONEY MARKET MUTUAL PUNDS,
DEPOSITORY INSTITUTIONS AND POREIGN BANKS AND OPPICIAL INSTITUTIONS.




H.6 (506)
Table 4

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

1/
2/
3/
4/

savings bonds

Non-M3 components of L
short-term treasury
bankers acceptances3
securities1

_^__^__
commercial paper9

Debt components4
federal debt
non-federal debt

1966-BOV.
BBC.

89.8
91.7

288.8
288.1

36.0
37.5

228*4
230.2

1776.2
1604.5

5734.9
5801.5

1987-JAB.
FEB.
BAB.

92.7
93.5
94.3

284.1
285.6
269.2

37.8
39.3
39.8

239.7
239.6
239.1

1818.7
1832.9
1650.0

5855.0
5877.9
5904.3

APB.
BAT
JBB£

95.1
95.9
96.5

256.5
262.9
261.1

41.2
42.4
43.5

244.9
254.3
252. 1

1661. /
1674.4
1866.0

5953.9
6008. 4
6057. 1

JULY
AUG.
SEPT.

97.3
97.8
98.2

252.9
256.3
260.1

43.4
42.9
43.8

248.4
250.2
257.5

1666.9
1902.6
1913.1

6097.0
6134.7
6164.9

OCT.
MOV. P

98.7
99.5

272.5
278.5

44.5
45.1

256.4
250.6

1919.3
1939.5

6244.4
6296.2

COBSXSTS OF U.S. THB AS OB I BILLS ABO CO U POMS IITB BBBAIBIBG BATUBITIES OF LESS TBAB 12 BOBfBS HELD BX OTBE& TUAB OBPOSITOBX
IBSTITOTIOBS* FBOEBAL BBSEBfE BABKS, BOBEX BABKBT BUTUAL FUBOS ABO FOBBIGB BBTITIES.
BET OF BABKJttS ACCBPTABCES HELD BX ACCEPTXBG BABXS, FBOEBAL BBSBBVB BABXS, FOBBIGB OFFICIAL IBSTIT0TXO8S, TBE FBOEBAL
BOBS LOAM BABK SXSTEH ABO BOBEX BABKET B0TOAL FOBOS.
TOTAL COBBEBCXAL PAPBB LESS COBBBBCIAL PAPEfi BBLO BX BOBEX BABKET BOTBAL FUBOS.
OBBT BATA ABE OB A BOBTHLX AVEBAGE BASIS, OEBIVBO BX AVEBAGIBG EBD-OP-BOBT8 LBTBLS OF AOJACBBT BOBTHS, ABO BAVE BBBB
ADJUSTED TO BEHOVE DISCOMTIM01TIES.




H.6(508)
Table 5

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

Nontransactions components

Currency

Travelers
checks2

Demand
deposits3

1986-DEC

186.2

6.0

319.5

162.8

72.2

235.0

1 9 8 7 - JAB.
FEB.
BAB.

184.6
184.8
186.0

6.Q
6.2
6.4

311.0
292.0
291.5

169.8
167.6
170.4

73.1
72.7
74.5

APB.
HAY
JO BE

188.0
190.2
191.9

6.4
6.5
7.1

305.8
298.8
298.8

178.6
171.7
172.9

JULY
AUG.
SEPT.

193.8
194.1
194.3

7.7
7.9
7.6

298.6
294.8
293.3

OCT.
BOY.
DSC.

195.9
199.3
202.7

7.0
6.6
6.5

Date

1

Overnight
Eurodollars9

General
purpose and
broker/dealer
money market
funds

in M3 only

Overnight
RPss

2068.2

693.6

59.4

19.0

207.6

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

78.8
77.8
78.4

257.4
249.4
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

172.9
174.5
176.2

78.5
78. 1
78.0

251.4
252.6
254.2

2103.4
2111.4
2119.2

729.0
739.5
747.4

56.4
60.8
61.7

18.7
18.4
21.1

209.6
212.2
215.5

299.8
2.? 8 . 1
302.1

176.7
177.7
180.0

78.3
78.0
77.7

255.0
255.7
257.8

2130.8
2133.7
2140.1

751.9
7t>8.6
768.1

64.4
62.4
61.3

21.0
16.4
15.9

218.1
220.2
221.5

61.9
63.1
61.1
59.0

15.0
15.9
16.3
15.4

221.1
222.6
222.4
221.2

61.4
64.4
63.6

18.1
19.3
17.5

218.8
221.5
226.3

at commercial
banks4

at thrift
institutions5

e

in M2

total

7

BEEK ENDING;
1987-DEC

7
14
21
28

201.5
201.6
202.9
204.9

301.5
299.5
300.8
302.1

181.2
179.8
179.9
178.7

79.6
77.9
77.4
76.2

260.9
257.6
257.3
254.9

4
11 P
18 P

203.2
201.9
201.1

319.5
309.1
300.3

183.9
187.6
185.3

78.8
79.8
78.2

262.7
267.4
263.5

198 8 - JAB.

1/

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

CUBBEBCY OUTSIDE THJ U.S.

*

TBEJ SDBY, FEDI 1RAL RBSER1rE BANKS AJID THE FAULTS OF COHHERCIAL BANKS.

EXCLUDES THE ESTIHATED

AHOUNT OF VAULT CASH HELD BY TBBXFT INSTXTUTXONS TO SERVICE THEXB OCD LIABILITIES.
OUTSTANDING ABOUBT OF U.S. DOLLAB-DENOBIBATED TRAVELERS CHECKS OF NONBANK XSSUEBS. TBAYELEBS CHECKS XSSUED BY DEPOSXTOBY
IMSTITUTIOBS ABB INCLUDED IN DEBAND DEPOSITS.
DEBABD DBPOSXTS AT COHHERCIAL BANKS OTHEB THAN THOSE DUE TO DOHESTXC BANKS, THE U.S. GOVERBBSNT ABD FOBEXGB BANKS ABD
OFFICIAL INSTITUTIONS, LESS CASH ITEBS IN THE PBOCESS OF COLLECTION AND F.fi. FLOAT, LESS THE ESTIHATED ABOUBT OF DEBABD
DBPOSXTS HELD AT COBHERCIAL BANKS BY THRIFT INSTITUTIONS TO SBBYICE THEIB OCD LIABILITIES.
CONSISTS OF BOB ABD ATS BALABCES AT COBHEBCXAL BANKS, U.S. BRANCHES AND AGENCIES OF FOBEXGB BANKS, ABD EDGE ACT
CORPORATIONS.
CONSISTS OF BOB ABD ATS BALABCES AT SAVINGS AND LOAN ASSOCIATIONS ABD BUTUAL SAVXBGS BANKS, CBEDXT UNION SHARE
DRAFT BALANCES, ABD DBBABD DEPOSITS AT THRIFTS,
SOB OF OYEBBXGBT BPS ABD EURODOLLARS, HONEY HA&KBT FUND BALABCES (GENERAL POBPOSE ABD BBOKBB/DBALEB), BBDkS ABD SAVINGS
ABD SHALL TIHE DEPOSITS LESS THE ESTIHATED AHOUNT OF DEflAND DEPOSITS AND VAULT CASB HELD BY THBXFT XBSTITOTXOBS TO SEBVICE
THEIR TIHE AND SAVINGS DEPOSIT LIABILITIES.
SUB OF LARGE TIHE DEPOSITS, TEBfl BPS AND EURODOLLARS OF U.S. RESIDENTS, BOBBY HABKET FUBD BALABCES (IBSTITUTIOB-OBLY), LESS A
CONSOLIDATION ADJUSTHENT THAT BEPBESEBTS THE ESTIHATED AHOUNT OF OVERNIGHT BPS ABD EURODOLLARS HELD BY INSTITUTION-ONLI
HONEY BABKET BUTUAL WUMDS^
CONSISTS OF OYEBBXGBT ABD COBTXBUIBG COBTBACT BPS ISSUED BY COHHERCXAL BANKS TO OTHEB THAN DEPOSITORY INSTITUTIONS AND
BOBBY BABKET HUTUAL FUNDS (GENERAL PURPOSE AND BROKEB/DEALEB) .
ISSUED BY FOBEXGB BBABCBES OF U.S. BANKS NOHLDNIDE TO U.S. RESIDENTS OTHEB THAN DEPOSITORY INSTITUTIONS AND
HONEY BABKET BUTUAL FUNDS (GENEBAL PURPOSE AND BROKER/DBALEU) .




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 deposits1
at
thrift
institutions

total

Small denomination time deposits2
at
at
total
commercial
thrift
banks
institutions

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

192.4

571.4

153.8

211.8

365.6

364.4

489.8

854.2

293.2

448.1

379.0

154.9

1986-DEC.
1987-JAE.
FEB.
BAR.

381.7
378.5
378.2

192.5
192.3
192.3

574.3
570.8
570.6

159.2
162.8
167.2

217.1
221.8
227.9

376.4
384.6
395.1

364.4
362.1
359.7

490.0
488.4
486.3

854.5
850.5
846.0

296.9
298.1
301.3

154.4
153.1
151.2

451.3
451.2
452.5

APB.
HAY
JUHE

375,4
368.9
367.6

190.1
188.3
185.9

565.5
557.1
553.5

172.1
174.8
176.6

234.0
237.8
240.9

406.1
412.7
417.5

355.6
355.7
359.7

484.7
482.8
487.2

840.3
838.5
846.9

303.2
309.2
311.8

148.0
149.1
149.8

451.2
458.3
461.6

JULY
AUG.
SEPT.

365.3
364.1
362.5

182.9
179.6
176.8

548.1
543.7
539.2

178.4
178.2
177.9

241.8
240.0
239.2

420.3
418.2
417.1

363.9
366.8
369.0

494.7
499.3
503.4

858.6
866.0
872.4

310.4
313.0
314.8

150.7
153.2
155.7

461.1
466.3
470.5

OCT.
BOY.
DBC.

359.1
357.2
357.2

173.5
169.1
166.5

532.6
526.3
523.7

178.3
177.3
176.5

239.4
235.8
233.4

417.7
413.1
409.9

374.0
381.4
384.1

511.0
521.8
531.0

885.0
903.2
915.2

318.2
323.5
324.4

159.5
162.8
165.6

477.8
486.2
490.0

BBBK EMDIBG
1987
DEC.

1988
JAB.

1/
2/
3/
4/

7
14
21
28

358.4
358.5
357.0
355.6

177.2
177.0
176.3
175.8

383.5
383.9
384.1
384.6

322.5
324.5
324.3
325.7

4
11 P
18 P

356.9
359.3
358.6

177.1
178.2
178.0

385.6
386.9
388.1

326.5
322.1
322.2

SAYIBGS DEPOSITS EXCLUDE HHDAS.
SHALL DEBOHIBATIOB TIBB DEPOSITS ~ IHCLUDIHG BETAIL BPS — ABE THOSE ISSUED IB AHO0HTS OF LESS THAB $100,000. ALL
INDIVIDUAL BBTIBEHBBT ACCOUBTS (IBA) ABD KEOGtt ACCOUBTS AT COBBBBCIAL BABKS ABD THBIFTS ABB SUBTRACTED FBOH SHALL
TIHB DBPOSITS.
LARGE DEBOHIBATIOB TIBB DBPOSITS ARE THOSE ISSUED IB ABOUBTS OF $100,000 OB HOBB, BXCLUDIBG THOSE BOOKED AT IBTBBBATIOBAL
BAHKIBG FACILITIES (IBFS).
LABGB DEBOHIBATIOB TIHB DBPOSITS AT COHBBBCIALtiAHKSLESS THOSE HELD BY HONEY HABKET HUTUAL FUHDS, DEPOSITOBY
IHSTITUTIOBS ABD FOBEIGH BABKS ABD OFFICIAL IBSTITUTIOBS.




H.6(506)
"tools 5-contlnosd

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Buttons of dollars, not atssonally adtustsd

-fcrmRPi1
Oats

Institution
only roonsy stcommorclal
martost funds

banks

•t thrift
Institutions

"

—

~~

—

[

IT

total

Mow M3 Componsnts of L
Savings
bonds

•arm
Eurodollars'

onom*ssfin
treasury

LJ»*>*!5S!!__

|

Dankan
aoosptanoas4

l
1 Commarcial
PAP**

Cpmponsnts of Oabt
FsdafUdabt*

Non-Fsdaral*
dabt

1986-DSC

84.1

35.4

48.6

84.0

83.8

91.9

287.9

37.4

228.7

1604.0

5787.8

198 7 - J AN.
FEB.
BAB.

84.0
84.7
84.9

34.1
35.4
34.9

49.5
51.8
52.3

83.6
87.2
87.2

6S.4
88. 0
88.4

92.7
93.5
94.3

284.9
266.7
274.6

37.6
38.9
39.3

239.3
240. 4
240.2

1817.6
1827.4
1839.0

5638.8
5849.5
5883.5

APR.
BAT
JO BE

83.1
81.8
81.3

38.4
40.8
40.8

56.1
61.9
67.0

94.5
102.8
107.8

83.8
87.0
89.7

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

JULY
AQC.
SEPT.

83.4
83.4
80.7

39.0
40.1
40*9

68.5
67.9
68.4

107.5
108.0
109.7

85.7
90.6
94.8

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
1867.7
1900.2

6091.2
6131.6
6184.0

OCT.
NOW.
BBC

81.6
88.5
88.6

37.7
39.8
38.1

69.2
69.9
68.6

106.9
109.7
106.7

93.5
92.8
92.3

98.8
99.6

269.7
277.5

44.6
45.1

257.1
250.2

1909.8
1935.2

6234.9
6269.2

.

'*

BBBK ENDING:
1967-DNC

7
14
21
28

89.0
88.9
89.0
88.6

39.9
38.7
37.4
39.0

1988-JAB.

4
11 P
18 P

85.8
91.0
95.6

31.9
36.7
38.1

J

L
1/
2/
3/

i

TBBB BBS ABB TBOSB BITB ORIGINAL HATOBITIBS GBBATBB TBAN ONB DAI, BKCLUDING CONTINUING CONTBACTS AND IBBIAIL
EPS. INCLUDES
A RELATIVELY SHALL ABOBNT OF OfBBNIGHT BPS AT THBIFT IBSTITOTIOBS.
•*••*»» ««* M * " ***• "CLUDES
TBBB BBBODOUABS ABB TBOSB BITB OBIGIBAL BATOKITIBS GBBATBB TBAB ONB DAT. CONSISTS OF TUOSB ISSUED TO O.S. RESIDENTS BT

VSSLiSSSS^ZJSLi^
***** "0RLD,,II)B A,D B* *«• BABKING OFFICES IN TBB OBITBD KINGDOB AND CANADA. UCLMBS TBOSB BBLD
BT DBPOSITOBT IBSTITOTIOBS ABD BONBY RABKBT MUTUAL i9SDS.

4/

SL^ofrSSSETS?JSSuSJESTmnSSlL'""" os "" """' ^" M °" l c l k L " s «*»"- s - «• ««*«.

%

tOTAl OOMUCXU PAPHB LSSS C Q M U C I U PAPJSB HMO BT >OHSI HABKIT 1UT0A1 FUNDS.
^ a S T t t S o ' B l M f B O l S c S w H S m " . " 5 " ' ° " I V , U > " * " " G " a « » D - ° » - " < » « « « » « " OF AOJACEM BONUS, AND HAte




UU

H.6<506)
Table 6

MEMORANDUM ITEMS
Billions of dollars, not saaaonally adjusted
Demand deposit* at banks due tc

foreign
commercial

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

IRA and Keogh Accounts

U.S. government deposits
demand
deposits at
commercial
banks

balances at
Federal
Reserve
. Banks

note balances
at commercial

total demand
deposits and
note and
FR balances

time
and savings
deposits at
commercial
banks

banks

foreign
official
institutions

9.9

1.8

4.1

3.7

3.7

15.5

22.9

1.7

72.8

96.2

10.7

179.7

10.4
9.9
9.5

1.8
1.7
1.7

4.0
4.0
4.0

3.7
3.3
3.5

9.6
5.0
3.1

23.8
25.2
13.6

37.1
33.6
20.3

1.7
1.6
1.6

73.4
74.0
75.4

97.2
97.7
98.8

10.8
11.0
11.2

181.4
182.8
185.4

JO MB

9.7
9.6
9.8

1.9
2.1
2.0

3.9
3.9
3.9

5.0
3.4
3.6

7.0,
16.0
8.7

16.6
27.4
21.8

28.5
46.8
34.2

1.7
1.8
1.6

78.5
79.2
79.5

101.3
102.0
102.6

12.4
13.1
13.3

192.1
194.2
195.4

JQLX
AUG.
SEPT.,

9.7
9.3
9.8

2.0
2.1
2.0

3.8
3mS
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

60.1
80.7
81.3

103.4
103.5
104.4

13.5
14.0
14.3e

197.0
198.2
1 9 9 . 9e

OCT.

•Of.

9.9
9.$

BBC

10.0

1.9
1.7
1.8

3.8
3.8
3.8

3.2
3.2
4.0

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
62.3
82.8

104.9
105.1
1 0 5 . 5e

14.5c
14.7S3
1 5 . 0e

20 L i e
202.1e
203.28

1.8
1.7
1.9
1.6

3.8
3.8
3.8
3.8

3.2
2.9
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

42.1

3.8
3.8
3.8

4.0
3.6
5.3

5.0
4.3

20.0
12.0
17.5

29.0
19.9
25.5

1.8
1.8
1.8

Date

1986-DEC
1987-JAM.
IBB.
BAB.,
APE.
HA*

banks
and thrift
institutions

• B B I BBOIBG2
1987
DBC.

1988
JAB.

7
14
21
28

10.2
10.2

4
11 P
18 P

10. p
11.7
10.4

9.6
9.8

*

• * •atis*t*d




1.8
1.7

2.7

commercial
banks

thrift
institutions

money
market
mutual funds

total