Full text of H.6 Money Stock Measures : January 5, 1987

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

JANUARY

5, 1987

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 institution-only
and broker/dealer), MMOAs,
and savings and small
MMMF balances3
1
time deposits
Seasonally adjusted

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors'1

1985—MOV.
DSC

620.1
626.6

2551.4
2566.5

3181.3
3201.2

3800.5
3839.5

6651.8
6778.6

1986—JAM,
FEB.
SAB.
APE.
HAT
J USE
JULY
AUG.
SEPT.
OCT.
MOT.

627.2
631.0
638.4
646.1
658.7
666.8
676.0
687.6
693.1
701.2
713.5

2569.9
2577.7
2592.4
2622.2
2649.7
2670.8
2699.2
2724.3
2740.8
2765. 1
2781.2

3224.5
3241.5
3262.6
3293. 7
3315.4
3339.0
3375.1
3400.7
3425.5
3444.5
3461.5

3862.2
3881.3
3895.1
3918.6
3951.0
3973.5
4003.5
4031.1
4059.8
4081.3

6878.5
6923.3
6968.5
7029.1
7101.0
7172.0
7238.6
7316.2
7388.0
7441.5

1985—NOV.
DEC

621.7
639.9

2549.7
2574.7

3184.7
3213.9

3803.2
3845.7

6637.4
6772.0

198b—JAN.
FEB.
HAfi.
APB.
HAY
JUNE
JULY
AUG.
SEPT.
OCT.
MOV.

633.5
619.2
630.5
652.9
651.8
669.2
679.8
684.6
690.7
698.4
714.9

2578.7
2570.9
2594.5
2631.8
2640.7
2673.0
2704.6
2719.2
2731.5
2759.1
2779.1

3232.2
3233.4
3262.9
3300.2
3306.6
3339.7
3372.7
3395. 5
3418.2
3440.4
3465. 1

3867.4
3873.6
3899.3
3928.7
3937.7
3973.7
4003.6
4027.5
4054.7
4077.7

6872.4
6906.2
6945.0
7001.8
7068.7
7136.9
7203.6
7286.0
7366.2
7423.9

Not seeoowWy adjusted

M1
For period ended
13-week average
1986-MOY.

DSC.

MOTS:

Seasonally adjusted
4-week average

week average

13-week average

Not seasonally adjusted
4-week average

week average

3
10
17
24

694.9
697.1
699.0
700.8

701.4
705.7
708.2
710.1

703.4
713.2
712.3
711.6

691.9
694.0
696.3
698.7

698.8
702.9
706.6
710.7

703*5
716,6
717.3
705.4

1
8
15 P
22 P

703.0
705.0
707.5
710.3

714.7
716.7
719.2
724.0

721.8
721.0
722.3
731.0

701.9
704.5
707.4
712.1

716.2
721.0
725.6
735.6

725*3
736.0
735.8
745,2

SPECIAL CAUTION SHOOLD BE TAKEN IN INTERPRETING NEEK-TO-iEBK CHANGES IM HOMEY SUPPLY DATA, HflXCH ARE
HIGHLY VOLATILE AMD SOBJECT TO REVISION.
P—INDICATES PHBLXHIMAHY DATA.
FOOTNOTES APPEAR OM THE FOLLOMIMG PAGE




H.6 (508)
Table 2

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

3 MONTHS FBOB AUG.

1986 TO BO?.

1986

Debt1

M1

M2

15*1

8.4

7.2

11.2
1U7
U.3

M3

6 BOBTBS FBOB BAY

1986 TO BOY.

1986

16.6

9.9

8.8

12 BOBTBS FBOB BOB.

1985 TO BOB.

1986

15.1

9.0

8.8

THIRTEEN WEEKS ENDING DBC. 2 2 , 1986
FBOB THIBTBEB REEKS BBDIBGs

1/

V

2/

3/

5/

SEPT. 2 2 , 1986 ( 1 3 BEERS PBEYIOUS)

15.8

JUNE

2 3 , 1986 (26 HBEBS PBEYIOUS)

16.8

DEC.

23,

14.7

1985 (52 REEKS PBEVXOUS)

mmmmimmmmmmmmmmkt•

nib*.

GROWTH BATES FOB OiBBT ABB BASEO OB PBBXOOS BBGIBNXBG ABO BBOXBG ONE MONTH BAILIEB THAI FOR TBE BOBBTABX AGGBBGATBS,
BAMELY, JOLI 1986 TO OCTOBER 1966, APBIL 1986 TO OCTOBBB 1986, AMD OCTOBER 1985 TO OCTOBBB 1986, BBSPBCTXYBLX.
FOOTNOTES TO TABLE 1
COMSISTS OF (1) CUBBBNCY OUTSIDE TBE TBEASDBY, FEOEBAL BESEBYB BANKS, ABD TBE FAULTS OF COBBEBCXAL BANKS;
(2) TBAVBLBBS CBBCKS OF NONBANK ISSUERS; (3) OEBANO DEPOSITS AT ALL COBBEBCIAL BABKS OTBBB THAN THOSE DOE TO
DOBESTXC BABKS, THE U.S. GOYBBBHENT, ABD FOBEIGB BABKS ABD OFFICIAL IBSTXTOTXOBS LESS CASH ITBBS XB TAB PBOCBSS
OF COLLECTIOB ABO FEDERAL RESERVE FLOAT; ABO (4) OTBBB CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE OBOBB
OF HITHDBABAL (MOM) ABD AUTOBATIC TBABSFBfi S Bit VICE (ATS) ACCOUBTS AT DBPOSITOBI IBSTXTUTXOBS,
CBBDIT UBIOB SHABB DBAFT ACCOUBTS AND DEBAND DEPOSITS AT THBXFT XBSTITUTXOBS. TBE CUBBEBCI ABO DEBABO
DEPOSIT COBPONEBTS EXCLUDE TBE ESTIMATED AflOUMT OF VAULT CASH ABO DEBABO DEPOSITS, BBSPBCTXYBLX, HELD BX
TBBIFT INSTITUTIONS TO SEBVICE TBEIB OCD LIABILITIES.
CONSISTS OF B1 PLUS OVEBNIGHT (ABD CONTINUING CONTBACT) BPS XSSOEO BX ALL COBBEBCIAL BABKS ABD OVEBMIGHT BUBODOLLABS
ISSUED TO U.S. BESIDENTS BX FOBEIGB BRANCHES OF U.S. BkUKS BOBLDBIOE, HBOAS, SAYIBGS ABD SBALL DBBOBIBATIOB
TIME DEPOSITS (TIHB DEPOSITS—INCLUDING BETAIL B P S — I B ABOUNTS 09 LESS TBAB $100,000), ABO BALANCES XB BOTB
TAXABLE ABD TAX-EXEBPT GENEBAL PUBPOSB ABD BROKER/DEALER HONEY JlARRET HOTUAL FOBDS. EXCLUDES IBA ABO KBOGH
BALANCES AT DEPOSITOBY IBSTXTOTXOBS ABD HOBBY BABKBT rBUBS. ALSO BXCLODBS ALL BALANCES HELD BY U.S. COBBEBCIAL
BANKS, BOBBY BASKET FUNDS (GENEBAL PUBPOSB AND BROKER/DEALER). FOBBIGN GOVBBEflEBTS ABD COBBEBCIAL BARES. ABO
THE U.S. GOYEENHBNT. ALSO SUBTBACTED IS A CONSOLIDATION AOJUSTBBBT THAT BEPBBSBBTS TAB ESTIMATED ABOUNT
OF DEBAND DEPOSITS ABD VAULT CASE HELD BY TBBIFT INSTITUTIONS TO SBBVICB THEXB IlflB ABD SAYXBGS DEPOSITS.
COBSXSTS OF B2 PLUS LABGB DBBOBIBATIOB TIHB OEPOSITS (IB ABOOBTS OF $100,00.0 OB BOBB) ABO TBBB BP LIABILITIES XSSOEO
BY COflBBBCIAL BABKS ABD THBXFT IBSIITUTXONS, TEfifl BUBODOLLABS EELB BX O.S- BBSXOEBTS AT FOBBXGB BRAMCBES OF O.S. BABKS
HOBLDBIDB AND AT ALL BABKING OFFICES IN THE UNITED KIBGDOB ABO CABADA, ABD BALABCES IB BOTH TAXABLE ABO TAX-EIEMPT
IBSTITUTIOB-OBLY BONEY BABKBT BUTOAL FUNDS. EXCLUDES ABOOBTS HELD BY DBPOSITOBf IBSTXTOTXOBS, THE 0.$. GOYBBBBBBT, BOBBY
MARKET FOBDS, ABD POBBIGB BABKS ABO OFFICIAL IBSTITOTIOBS. ALSO SOBTBACTED XS A COBSOHDATXOB AOJUSTBBBT THAT REPRESENTS
TBE ESTIHATED ABOUNT OF OYBBNIGBT BPS AND BUBODOLLABS HELD BX IBSTITOTIOB-OBLY HONEY BABKBT BUTOAL FBBOS.
CONSISTS OF A3 PLUS THE NONBABK POBLIC HOLDINGS OF U.S. SAYINGS BOBDS, SBOBT-TBBfl TBBASUBI SECUBITIBS, COflBBBCIAL
PAPER ABD BABKEBS ACCEPTANCES, NET OF BONEY MARKET MUTUAL FOND HOLBIRGS OF TRESB ASSETS.
DEBT OF DOBESTIC BONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CBEDIT BABKBT DEBT OF THE UBXTED STATES GOYBBBBBBT,
STATE ABO LOCAL GOYEBNBBNTS AND PBIYATE NONFINANCIAL SECTOBS. PBIVATE DEBT COBSISTS OF COBPOBATE BOBDS, BOBTGAGBS,
CONSUBEB CBEDIT (IBCLUDING BANK LOANS), OTHEH BANK LOANS, COBBEBCIAL PAPBB, BANKERS ACCEPTANCES ABD OIHEB DEBT
Mm9amrg9
INSTBUBBNTS. THE DATA ABB DEBIVED FBOH THE FEBERAL RESERVE BOARD'S FLOB OF FBEBS ACCOUBTS. ALL DATA OB DBBT OF DOBESTIC
NONFINANCIAL SECTOBS ARE PHESEBTBD IB HONTH-AVEHAGE FOBH, DEBIYED BY AYEBAGXBG BOBTB-BND LEVELS OF ADJACENT «0*tHS^. ™ f f B
DATA HAVE ALSO BEEN ADJUSTED TO BEBOYB STATISTICAL DISCONTINUITIES THAT BAY ABISE IB THE UBOBBLYING FLOB OF * " " f " * * S S Z G S THE PBESENTATION OF DEBT DATA IN THIS BELBASE BIFFERS§ THBBBFOBE, FBOB TBE QOABTEBLI FLOB OF FURBS STATISTICS CONTAINED
IN THE FEDERAL RESERVE BELEASES Z.7 AND 2.1. IN TBOSE RELEASES. PUBLISBED LEVELS OF CBEDIT BABKBT DEBT ABE EEASUREB OB
A O.UAHTBB-BND BASIS AND XNCLUDE DISCONTINUITIES.




H.«<M)

COMPONENTSOF THE MONEY STOCK
Nontrowoacttlowo

r

.

-T

Ottwr

itttC

g <BBmtoipoi y * 1

1985-IOV.
DEC.

169.8
170.6

5.9
5.9

267.8
271.5

176.7
178.6

1931.3
1939.9

629.9
634.*

124.9
124.5

179.0
179.1

303.7
303.6

382.2
384.1

493.7
496.2

876.0
880.3

Lawjo tuna doaai
at
Mai
thrift
tanfco* mtWuttom
276.7
432.9
156.3
436.5
279.2
157.3

1986-JAI.
PEB.
BAB.

171.9
172.9
173.9

5.9
5.9
6.1

268.9
269.2
273.2

180.5
183.1
185.3

1942.7
1946.6
1954.0

654.6
663.8
670.2

124.7
125.0
125.6

179.3
179.9
181.2

304.0
304.9
306.9

386.6
388.1
389.0

499.4
502.9
505.7

885.9
891.0
894.7

289.7
291.5
287. 1

158.2
159.7
163.6

447.9
451.3
450.5

APB.
BAT
JUBE

17*. 4
175.8
176.7

6.1
6.1
6.2

275.7
281.6
284. 9

189.9
195.1
199.0

1976.1
1991.1
2004.9

671.6
665.6
668.2

126.6
129.0
130.9

184.8
189.5
194.1

311.4
318.5
325.0

368.0
364.9
381.7

507.9
506.3
503.9

895.9
691.2
885.6

287.1
281.5
280.5

165.0
164.9
164. f

452.1
446.4
445.1

JOLX
AOG.
SEPT.

177.$
179.0
179.7

6.4
6.5
6.5

288.3
291.8
292.2

203.8
210.4
214.8

2023.2
2036.7
2047.6

675.9
676.4
684.7

133.4
136.9
140.9

197.8
200.8
203.5

331.2
337.6
344.4

380.0
376.0
372.6

503.7
501.2
498.7

883.7
877.2
871.3

280.2
I 282.0
281.4

165.6
166.1
165.6

445.9
448.0
447.2

OCT.
BOY.

181.2
182.?

6.4
6.4

293.2
298.4

220.4
226.4

2063.9
2067.7

679.3
680.3

145.8
150.4

208.0
212.9

353.8
363.3

367.7
364.0

494.0
490.9

861.8
8S4.9

1 278.9
261.3

164.0
161.0

443.0
443.0

Do*

Canoncy*

BBBK BBDIIG
1986
EOT.

DEC

1/
2/
3/

4/
5/
6/
1/
8/
9/
10/

DMVMMM

chaokabto
dopooNo4

- ,

NlMI*

*

at

oommtfowJ
thrift
tanks
mawuuono

total

at
oommtwlal

at
thrift
imtltiitHm

total

at

•

(

I

j

t

1

3
10
17
24

181.3
181.9
182.1
182.3

294.3
298.9
297.2
295.9

221.4
226.0
226.5
226.9

147.8
149.1
150.3
151.2

1
8
15 P
22 P

182.8
182.4
182.8
183.1

304.1
302.8
302.5
307.7

228.4
229.3
230.5
233.7

152.3
153.0
154.0
155.2

^

365.3
364.3
364.0
363.6

!
I

363.3
362.6
362.4
362.0

)

I

260.7
2E2^Z
281.4
281-*
260.4
281.5
281.7
263.2

I

V

1

I

r
1
1,

^

I

CU8B8BCI OOTSIDB TBB O.S. TISASUBI, FEhEEkL BBSEBYB BABKS ABD TAOLTS OF COBBEBCIAL BAIKS. EICLODBS TAB BSTIBATED
ABOOIT OF FAOLT CASH HELD BT TBBIFT IBSTITOTIOIS TO SBBTICE TflBIfi OCD LIABILITIES.
OOTSTABDIIG AflOOBT OF O.S. DOLLAB-DBIOfllBATED TRAYBLEBS CBBCKS OP IOIBABK ISSOEBS. TBAYELEBS CBBCKS ISSOED BI DBPOSITOBI
IBSTITOTIOIS ABB IBCLODBD IB DEBAID DEPOSITS.
DEBAID DEPOSITS AT COBBEBCIAL BABKS AID FOBEIGI BELATED IBSTITOTIOIS OTBEB TBAB TBOSB DUE TO DOflESTIC BAIKS, TBB U.S. GOVEBEBBBT AID FOBBIGB BAIKS ABD OFFICIAL IBSTITOTIOIS LESS CASH ITEBS IB TAB PBOCBSS OF COLLECT 101 ABB FEDEEkL EESEE^IE FLOAT.
EICLODBS TAB BSTIBATED ABOOIT OF DEBAID DEPOSITS HELD AT COflflEBCIAL BABKS BT TBBIFT IBSTITOTIOIS TO SBBYICB THBIB OCD
LIABILITIES.
COBSISTS OF BOB ABD ATS BALABCBS AT ALL DBPOSITOBI IBSTITOTIOIS, CBEDIT OBIOI SflABE DBAFT BALABCBS ABD
DEBAID DEPOSITS AT TBBIFT IBSTITOTIOIS. OTflBB CHECKABLE DEPOSITS SBASOBALLI ADJUSTED EQUALS THE DIFFEBEBCB BBTBEEB TBB
SEASOBALLI ADJUSTED SOB OF DEBAID DEPOSITS PLOS OCD ABD SBASOBALLI ADJUSTED DEBAID DEPOSITS.
SUB OF OYBBIIGBT BPS AID OVBBBIGHT BUBODOLLABS, BOBBY BABKET FOBD BALABCBS (GBBEBAL POBPOSE AID BROKEB/DBALBB) ,
BBDAS, ABD SAVIBGS ABD SHALL TIflE DEPOSITS, LESS THE COBSOLIDATIOI ADJUSTHEBT TBAT BBPBESEBTS TBB BSTIBATED AHO0IT OF
DBBABD DBPOSITS ABD YAOLT CASH HELD BI TBBIFT IBSTITOTIOIS TO SBBYICB TBEIB TIBB ABD SAYIBGS DEPOSITS LIABILITIES.
SUB OF LABGE TIBB DEPOSITS, TEBB BPS AID TBBfl BUBODOLLABS OF O.S. RESIDEITS, HOBBI BABKET PUBD BALABCBS (IHSTlfUTIOflOILI), LBSS A COBSOLIDATIOI ADJUSTHBBT TBAT BBPBESEBTS TBB BSTIBATED AHOUIT OF OYBBIIGBT BPS ABD BUBODOLLABS HELD BI
IBSTITOTIOB-OILT BOIEI BABKET FUNDS.
SAVIBGS DBPOSITS EXCLUDE HBDAS.
SEkLL DBBOHIIATIOI TIHE DEPOSITS—IICLODIIG BBTAIL B P S — ABB THOSE ISSUED IB AHOUBTS OF LESS TBAB $100,000. ALL
IIDIYIDOAL BETIBBBEIT ACCOOITS (IBA) AID KEOGH ACCOUITS AT COBBEBCIAL BAIKS AID THBIFTS ABE SUBTRACTED PBOB SHALL
TIHE DEPOSITS.
LARGE DEIOHINATIOI TIHE DEPOSITS ABE THOSE ISSUED II ABOOBTS OF $100,000 OB HOBE, BICLODIIG THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LARGE DEIOHINATIOI TIflE DEPOSITS AT COflflEBCIAL BABKS LESS THOSE HELD BI HOIEI HARRET BOTUAL FUEDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS ABD OFFICIAL INSTITUTIONS.




H.6 (508)
Table 4

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

4
•

Date

savings bonds

I

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

4

commercial paper*

Debt components
federal debt
non-federal debt

1985-OCT.
NOV.
DEC.

78.5
79.0
79.5

282.1
300.7
308.4

43.9
43.1
41.1

192.5
196.4
209.$

1521.7
1551.0
1587. 9

5045. 9
5100.8
5191.6

1986-JAN.
FEBNAB.

79.9
80.5
81.1

305.6
307.9
300.3

41.6
42.4
41.7

210.6
209.2
209.5

1607.9
1621.9
1626.5

5270.6
5302.3
5340.0

APR.
RAT
JUNE

81.8
82.6
83.4

299.1
306.2
300.2

41.0
40.1
40.3

203.0
206.7
210.6

1641.$
1665.1
1691.9

5387.6
5435.9
5480.1

JOLI
AUG.
SEPT.

84.3
85.3
86.l|

292.5
288.6
290.^

39.4
37.3
36.7

212.3
219.3
221.1

1712.6
1725.1
1741.6

5526.9
5591.0
5646.4

87.8

288.7

38.1

222.9

1765.9

5685.6

OCT*

1/
2/
3/
4/

P

CONSISTS OF O.S. TREASURY BILLS AND COUPONS HIXH BERAININ6 RATOBITIES OF LESS THAN 12 HONTflS HELD BJ OTflSB THAN DEPOSITOBY
INSTITUTIONS, FEDERAL BESEBYE BANKS* HONEY HABKET HOTUAL FUNDS AND FOBEI6N ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANNS* FEOEBkL BBSBB1B BANKS* FOREIGN OFFICIAL INSTITUTIONS* TEE FEDERAL
HORB LOAN BANK SYSTEH AND HONEY HABKET MUTUAL FUNDS.
TOtfAL COHHEBCIAL PAPEB LESS COHHEBCIAL PAPEB HELD BY HONEY HABKET HUTOAL FONDS.
DEBT DATA ABE ON A HONTHLY AVBBAGE BASIS* DBHIVED BY AYEBAGING END-OF-HONTH LEVELS OF ADJACENT HONTHS* AND HAVE BEEN
ADJUSTED TO BEHOVE DISCONTINUITIES.




H.6 (508)
Table 5

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

Other checkable deposits
Date

Demand
deposits 3

Travelers
checks*

Currency1

at commercial
banks 4

at thrift
institutions*

total

in M2*

Overnight
RPs8

in M3 only 7

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

1985-HOV,
DEC

170.7
173.1

5.6
5.5

269.0
281.3

122.6
125.8

53.8
54.4

176.4
180.1

1928.0
1934.7

635.0
639.2

52.5
53.3

13.9
17.0

176.8
176.5

1986-JAH.
FEB.
BAR.

170.5
170.6
172.3

5.5
5.6
5.8

275.1
262.0
267.1

128.1
126.8
129.3

54.3
54.2
56.0

182.4
181.0
185.3

1945.1
1951.8
1963.9

653.5
662.5
668.4

50.1
52.4
51.2

18.8
16.1
16.4

177.7
181.0
186.2

APR.
HAT
JURE

173.6
175.8
177.4

5.8
5.9
6.5

278.7
276.7
285.6

134.8
132.9
136.6

59.9
60.5
63.0

194.7
193.4
199.6

1978.9
1988.9
2003.8

668.4
667.9
666.7

51.1
51.6
49.9

17.5
17.6
16.6

191.4
193.2
197.3

JULY
AUG.
SEPT.

179.1
179.9
179.5

7.2
7.3
6.9

290.0
289.0
290.8

139.0
142.7
146.7

64.5
65.8
66.8

203.5
208.5
213.5

2024.8
2034.6
2040.7

668.1
676.3
686.8

54.7
57.5
55.4

17.2
17.1
17.2

199.7
200.5
202.2

OCT.
HOV.

180.9
183.2

6.5
6.1

292.5
299.6

150.2
155.4

68.3
70.6

218.5
226.0

2060.7
2064.1

681.3
6 8 6 . Ot

57.8
57.1

19.3
18.6

206.9
207.0

HBEK BHDIBGJ
1986-BOV.

DEC

3
10
17
24

180.7
183.5
183.1
182.5

296.0
299.3
301.1
293.0

151.5
155.8
155.7
154.9

69.0
71.7
71.2
68.9

220.5
227.5
226.9
223.8

59.1
57.2
57.1
58.1

21.6
17.7
18.9
19.2

207.4
206.2
206.5
208.3

1
8
15 P
22 P

184.1
185.5
185.3
186.7

307.7
310.0
311.2
317.8

156.6
161.2
161.0
162.7

70.8
73.4
72.2
71.9

227.4
234.6
233.2
234.7

54.8
57.7
57.0
57.0

16.8
17.4
18.4
19.7

206.7
206.5
207.7
208.1

ii
-

-

L

C0RRBBCI OOTSXDE TBB U.S. TREASORI, FEDBRAL UESER1E BARKS ABD TBB VAULTS OF COHBERCIAL BARKS. EXCLUDES THE ESTXflATBD
AHOUBT OF FAULT CASB HELD Bf THRIFT IISTITUTIOIS TO SERVICE THEIR OCD LIABILITIES.
2/ OUTSTANDXBG AHOUVT OF U.S. DOLLAR-DEBOHIBATED TRAVELERS CHECKS OF BOBBARK XSSUERS. TRAVELERS CHECKS XSSUBD BI DEPOSITOR!
XMST1TUTXOBS ARE IBCLUDED IB DEBABD DEPOSITS.
3/ DEBABD DEPOSITS AT COHBERCIAL BARKS OTBBR THAB THOSE DUE TO DOMESTIC BARKS, THE U.S. COVERBBERT ABD FOREXGB BABKS ABD
OFFICIAL INSTITUTIONS, LESS CASB ITEBS IB THE PBOCESS OF COLLECTI01 ABD F.B. FLOAT, LESS THE ESTIHATBD AHOUHT OF DEHABD
DEPOSITS HELD AT COHHEBCIAL BABKS BT THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
4/ CONSISTS OF BOB ABD ATS BALABCES AT COHHEBCIAL BANKS, U.S. BRABCHES ARD AGEHCIES OF FOREIGB BABKS, ABD BDGB ACT
CORPORATIONS.
5/ CONSISTS OF BOB ABD ATS BALABCES AT SAVIBGS .ABD LOAB ASSOCIATIONS ABD BOTOAL SAVIBGS BABKS, CREDIT OBION SBARE
DRAFT BALANCES, AND DEBABD DEPOSITS AT THRIFTS.
«
6/ SUH OF OVBRBXGBT RPS ABD EURODOLLARS, HONEY BASKET FUBD BALABCES (GENERAL PORPOSB ABD BROKER/DEALER), BHDAS ABD SAVIBGS
ABD SHALL TXHB DEPOSITS LESS THE ESTIHATBD AHOUBT OF DEHABD DEPOSITS ABD VAULT CASH HELD BX THRIFT XBSTXTUTXOBS TO SERVICE
THEIR TIHB ABD SAVIBGS DEPOSIT LIABILITIES.
7/ SOfl OF LARGE TIHE DEPOSITS, TSRH RPS AND EURODOLLARS OF U.S. RESIDENTS, HONBI HARKBT FUBD BALABCBS (INSTITOTION-OHLY)# LESS A
CONSOLIDATION ADJUSTHEBT THAT REPRESENTS THE ESTIHATBD AHOUBT OF OVERNIGHT BPS ABD EURODOLLARS HELD BX IHSTITUTIOH-ONLY
HONEY HARKET HUTUAL FUNDS.
8/ CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BI COHHERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
HONEY HARKET HUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
9/ ISSUED BY FOREIGN BRANCHES OF U.S. BANKS WORLDNIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
HONEY HARKET HUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
1/




H.6 (506)
Table 5-contlnued

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

Date

6

Money market deposit accounts
at
at
total
thrift
commercial
institutions
banks

Savings deposits1
^
l
at
thrift
commercial
banks
institutions

total

Small denomination time deposits2
at
at
total
commercial
thrift
institutions
banks

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

1985 -HO?.
DEC*

329.2
332.4

180.3
179.6

509.5
512.0

124.3
123.5

179.0
178.3

303.3
301.8

384.2
384.8

496.4
497.6

880.7
882.5

278.2
280.9

157.1
157.8

435.3
438.7

1986 - J A R .
FEB.
HAB.

336.7
337.0
340.4

179.0
179.4
180.2

515.7
516.3
520.5

123.9
123.6
124.9

178.8
179.1
181.6

302.7
302.7
306.5

386.5
387.1
387.2

502.6
504.6
504.6

889.1
891.7
891.8

288.6
290.4
287.7

159,0
160.7
163.2

447.6
451.1
450.9

APB.
HAT
JURE

344.8
348.6
355.2

180.4
182.2
185.2

525.2
530.8
540.4

127.2
129.5
132.2

185.8
190.3
194.8

312.9
319.9
327.0

384.5
382.3
380.6

505.1
502.4
501.0

889.6
884.7
881.6

283.6
280.8
278.8

164.1
164.4
164.1

447.7
445.2
443.0

JOLT
AUG.
SEPT.

359.0
363.5
368.1

187.1
189.5
190.2

546.1
553.1
558.3

135.1
137.3
140.7

198.8
199.7
202.5

333.8
337.0
343.2

379.8
377.9
375.2

502.7
500.5
498.4

882.6
878.5
873.6

279.1
282.3
283.5

164.7
166.0
165.7

443.8
448.3
449.2

OCT.
HO?.

371.7
375.1

192.1
193.0

563.8
568.1

146.1
150.0

208.7
213.0

354.8
363.0

370.4
365.9

496.9
493.8

867.3
859.6

281.7
283.0

164.4
162.5

446.1
445.6

REEK B I D I N G
1986
NO?.

DEC.

1/
2/
3/
4/

3
10
17
24

373.2
374.3
375.2
375.6

147.6
148.9
149.9
150.6

367.8
366.8
365.8
365.2

281.4
283.5
282.7
283.6

1
8
15 P
22 P

376.3
377.3
378.2
377.2

151.4
152.6
153.1
153.5

364.8
364.1
363.5
362.8

282.8
283.6
283.9
284.7

SAVINGS DEPOSITS EXCLUDE RHDAS.
SHALL DEHOHINATIOR TIHE DEPOSITS — INCLUDING RETAIL BPS — ABE THOSE ISSUED IR AHOUNTS OF LESS THAR $100,000. ALL
INDIVIDUAL RETIBEHEHT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COHHEBCIAL BANKS AND THBIFTS ABE SUBTBACTED FBOH SHALL
TIHE DEPOSITS.
LABGE DEHOHINATIOR TIHE DEPOSITS ARE THOSE ISSUED IR AHOURTS OF $100,000 OR HORB, EICLUDIRG THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DEROHIRATION TIHE DEPOSITS AT COHHERCIAL BANKS LESS THOSE HELD BT HONE!flABKETHUTUAL FUNDS, DEPOSITOBT
INSTITUTIONS AND FOBEIGH BANKS AND OFFICIAL INSTITUTIONS.




H6(508)
Table 5-continued

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

Institution
only money
market funds

at commercial
banks

at thrift
Institutions

total

Term
Eurodollars1

Savings
bonds

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

I
Commercial
W>*

198 5-NOV.
DEC

64.5
64.6

31.7
32.1

31.6
33.9

63.3
66.0

78.4
76.7

79.0
79.6

296.9
305.6

43.3
42.1

199. 1
204.6

1966-JANFEB.
BAR.

67.3
67.7
70.2

33.7
35.8
37.2

35.1
34.7
34.4

68.8
70.6
71.6

76.0
79.2
82.7

80.0
80.5
81.1

305.3
308. 6
306.5

42.4
42.2
40.8

207.5
208.8
207.9

APR.
HAY
JUNE

74.1
76.1
75.0

35.6
35.4
33.8

35.9
38.7
41.6

71.5
74.2
75.3

81.5
79.8
80.1

61.8
82.6
83.4

301.7
299.9
297.5

39.9
39.6
39.8

JULY
AUG.
SEPT.

77.5
80.8
84.4

33.1
33.9
35.5

41.9
41.6
42.5

75.0
75.5
78.0

78.6
78.4
81.6

84.2
85.2
86.4

293.5
292.3
291.2

OCT.
NOV.

84. 5
84.4

34.1
36.7

44.0
45.7

78.1
82.4

78.8
79.8

87.8

288.4

3
10
17
24

85.1
84.2
84.5
84.6

35.5
35.6
36.4
35.9

1
8
15 P
22 P

83.9
83.8
84.7
84.8

40.1
33.9
34.2
34.5

Components of Debt
Federal debt*

Non-Federal9
debt

1544.2
1583.7

5093.2
5188.3

1606.7
1621.0
1633.3

5265.7
5285.1
5311.8

205.2
207.0
213.3

1644.6
1660.7
1678.9

5357.2
5408.0
54S8.0

39.2
37.9
37.4

214.0
216.6
221.4

1695.6
1713.3
1734.5

5508.2
5572.7
5631.7

38.0

223.1

1748.6

5675.3

|

WEEK E N D I N G :
1986-NOV.

DEC

"%
1/
2/
3/
4/
5/
6/

TBRH RPS ABB TBOSB HXTB ORIGINAL HAT0RITIBS GREATER THAN ONE DAT, EXCLUDING CONTINUING CONTRACTS AND RETAIL EPS. INCLODBS
A RBLATITELI SHALL ABOUNT OF OVERNIGHT RPS AT THRIFT INSTITUTIONS.
TERH EURODOLLARS ARE THOSE WITH ORIGINAL BATHRITXBS GREATER THAN ONE DAI. CONSISTS OF TBOSB ISSUED TO O.S. BESIDEBTS BT
FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE AND BI ALL BANKING OFFICES IN TBE UNITED KINGDOM AND CANADA. BICLDDES THOSB HELD
BI DEPOSITORI INSTITOTIONS AND HONBI BANKET HUTUAL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AND COOPONS WITH REMAINING BATORITXBS OF LESS THAN 12 HOBTHS HELD BI OTHEB TBAB DEPOSITORY
INSTITUTIONS, FBDBRAL RESERVE BANKS, BONET BARKBT HUTUAL FUNDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BI ACCEPTING BANKS, WEDEEkL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, TBE FEDERAL
HOflE LOAN BANK SISTEB AND BONET BARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BI BONET BARKET HUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BI AVERAGING END-OP-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEBN
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

foreign
official
institutions

US government deposits

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

demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

1985-HO?.
DSC.

8.1
8.5

2.1
1.9

8.4
8.3

3.0
3.4

2. a

198b-JAM.
FEB.
HAS.

8.8
8.3
8.4

2.0
1.9
1.8

8.0
7.8
7.6

3.6
3.2
3.3

10.5

APfi.
HAY
JUNE

8.7
8.8
8.8

1.9
1.8
1.8

7.5
7.4
7.3

JULY
AUG.
SEPT.

9.1
8.9
9.2

2.0
1.8
1.9

OCT.
NOV.

9.4
9.0

3
10
17
24
1
8
15 P
22 P

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

DEC.

e = estimated




thrift
institutions

money
market
mutual funds

total

4.8
11.1

10.7
17.9

1.3
1.4

58.7
59.2

80.9

8.4
8.3

146.6
148.4

7.5
3.4

20.5
21.0
12.4

34.5
31.7
19.2

1.3
1.4
1.4

60.7
02.5
64.2

81.9
82.9
86.4

8.6
8.7
9.0

151.2
154.2
159.5

4.2
3.0
3.5

3.7
4.8
2.9

13.6
18.7
12.6

21.5
26.5
18.9

1.5
1.5
1.7

68.4
69.5
70. 1

90.4
91.2
92.1

9.8
10.1
10. 1

168.5
170.8
17 2 . 2

7.2
7.2
7.2

3.6
3.0
3.6

3.8
3.2
5.6

13.2
8.1
14.6

20.6
14.2
23.8

1.6
1.7
1.7

70.8
71.1
71.4

92.9
93.4
94.1

10.2
10.2
10^5

173.9
174.7
176.0

1.8
2.0

7.1
7.1

3.4
3.4

3.4
3.2

11.8
11.9

18.6
18.4

1.7
1.7

71.7
72.1

94.8
94.6

10.8
1 0 . 8e

177.2
17 7 . 5e

8.6
8.6
9.0
9.3

1.9
2.1
2.2
1.8

7.1
7.1
7.1
7.1

3.5
3.4
3.7
3.0

3.0
3.6
3.7
2.9

10.6
8.6
11.2
14.4

17.1
15.6
18.6
20.2

1.7
1.7
1.6
1.6

9.3
9.3
9.5
8.2

2.1
1.9
1.7
1.8

7.0
7.1
7.0
7.0

3.3
3.1
4.6
3.6

2.7
2.6

14.0
9.2
6.4
21.5

20.0
14.9
14.1
28.8

1.6
1.6
1.6
1.6

3.4

MEEK EM D U G :
1986
NOV,

commercial
banks

3. 1
3.6

79.5