Full text of H.6 Money Stock Measures : January 8, 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 (506)
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

JANUARY

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

Oate

M2
M3
M1 plus overnight RPs
M2plus
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
2551.4
3181.3
2566.5
3201.2

1985—NOV.
DEC

620.1
626.6

198b—JAM.
FEB.
MAEAPR.
HAY
JON*
JULY
AUG.
SEPT.
OCT.
NOV.

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
2740.6
2765.1
2781.2

1985—NOV.
DEC.

621.7
639.9

2549.7
2574.7

1986—JAN.
FEB.
HA*.
APE.
HAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.

633.5
619.2
630.5
652.9
651.8
669.2
679.8
664.6
690.7
698.4
715.0

2578.7
2570.9
2594.5
2631.8
2640.7
2673.0
2704.6
2719-2
2731.5
2759.1
2779.1

3224.5
3241.5
3262.6
3293.7
3315.4
3339.0
3375.1
3400.7
3425.5
3444.5
3461.5

Not seasonally adjusted
3184.7
3213.9
3232.2
3233.4
3262.9
3300.2
3306.6
3339.7
3372.7
3395.5
3418.2
3440.4
3465.1

8, 1987

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors*

3800.5
3839.5

6651.8
6778.6

3862.2
3881.3
3895.1
3918.6
3951.0
3973.5
4003.5
4031.1
4059.3
4080.7

6676.5
6923.3
6968.5
7029.1
7101.0
7172.0
7238.6
7316.2
7388.0
7441.5

3603.2
3845.7

6637.4
6772.0

3867.4
3873.6
3899.3
3928.7
3937.7
3973.7
4003.6
4027.5
4054.2
4076.5

6872.4
6906.2
6945.0
7001.8
7066.7
7136.9
7203.8
7286.0
7366.2
7423.9

M1
13-week average

Seasonally adjusted
4-week average

3
10
17
24

694.9
697.1
699.0
700.8

701.4
705.7
708.2
710.2

703.4
713.2
712.4
711.6

691.9
694-0
696.3
698.7

698.8
702.9
706.6
710.6

703.5
716.6
717.4
705.5

1
6
15
22 P
29 P

703.0
705.0
707.5
710.3
713.9

714.8
716.7
719.2
724.0
728.8

721.8
721.0
722.3
731.0
741.0

702.0
704.5
707.5
712.1
718.2

716.2
721.1
725.7
735.6
743.3

725.3
736-0
735.8
745.2
756.1

For period ended

1986-NOV.

DEC.

NOTE:

week average

13-week average

Not seasonally adjusted
4-week average

week average

SPECIAL CAUTION SHOULD BE TAKEN III INTERPRETING NEEK-TO-NEBK CHANGES IN HONEY SUPPLY DATA, VfllCfl ARE
HIGHLY VOLATILE AND SUBJECT TO REVISION.
P—INDICATES PRELIHINAHI DATA.
FOOTNOTES APPEAR ON THE FOLLOWING PAGE




H.6 (508)
Table 2

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

2

M1

M2

Debt1

M3

3 MONTHS FBOH AUG.

1986 TO NOV.

19*6

1J.1

8.4

7.2

11.2

6 MONTHS FROM MA*

1966 TO NOV.

1986

lo.o

9.9

8.8

11.7

12 MONThS FfiOM NOV.

1966 TO NO?.

1986

16.1

9.0

8.8

13.3

IIRTREN REEKS ENDING DEC. 29, 1966
FROM THIBTEEN WEEKS ENDING:
SEPT. 29, 1986 (13 REEKS PREVIOUS)

16.7

JUNE

30, 1986 (26 HEEKS PBEVIOUS)

17.3

DEC.

30, 1985 (52 HEEKS PBEVIOUS)

13.1
»n^

1/

1/

2/

3/

4/
5/

—

GROWTH BATES FOB DEBT ABB BASED ON PERIODS BEGINNING AND ENDING ONE MONTH EARLIER THAN FOB THE MONETARY AGGBEGATES,
NAMELY, JULY 1986 TO OCTOBEfi 1986, APBIL 1986 TO OCTOBBB 1986, AND OCTOBER 1985 TO OCTOBBB 1986, BBSPECTIVELY.
FOOTNOTES TO TABLE 1
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF COMMERCIAL BANKS;
(2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREME BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IM THE PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER
OF NITHDRAHAL (NOR) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITOR! INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BI
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF M1 PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMERCIAL BANKS AND OVEBNIGflT EURODOLLARS
ISSUED TO U.S. RESIDEUTS BY FOBEIGN BBANCHES OF U.S. BANKS HORLDHIDE, MMDAS, SAVINGS AND SMALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL R P S — I N AMOUNTS OF LESS THAN $100,000), AND BALANCES IN BOTH
TAIABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FORDS. EXCLUDES IRA AND KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND HONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COHMEBCIAL
BANKS, HONEY MARKET FURDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF H2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OR MORE) AND TERM HP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BRANCHES OF U.S. BANKS
WORLDWIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT
INSTITUTION-ONLY HONEY MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, MONEY
MARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS.
CONSISTS OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF HONEY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE BONDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ARE DERIVED FfiOM THE FEDERAL RESERVE BOARD'S FLOR OF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC
NONFINANCIAL SECTORS ARE PRESENTED IN MONTH-AVERAGE FORM, DERIVED BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS. "THESE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IN THE UNDERLYING FLON OF FUNDS STATISTICS
THE PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FROM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED
IN THE FEDERAL RESERVE RELIVES k..7 AND Z.I. IN THOSE RELEASES. PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE MEASURED ON
A vJUARTER-EMD BASIS AND INCLUDE DISCONTINUITIES.




lhbto i

COMPONENTS OF THE MONEY STOCK
•two ni of dollars, ooooonslty aajmiod

3
Othsr

D«t

Cyrfawcy'

Travaisrs,
ChOC i l l '

Osmond
deposits'

chsckaota
dsposfts4

i

Mofwransactlows
oojwpowswts
UkU
toiMI*
•*V

1985 -NOV.
DEC.

169.8
170.6

575"
5.9

267.8
271.5

176.7
178.6

1931.3
1939.9

629.9
634.6

1986 - J A M .
BAB.

171.9
172.9
173.9

5.9
5.9
6.1

268.9
269.2
273.2

180.5
163.1
185.3

1942.7
1946.6
1954.0

654.6
663.8
670.2

APR.
MAI
JUNE

174.4
175.8
176.7

6.1
6.1
6.2

275.7
281.6
284.9

189.9
195.1
199.0

1976.)
1991.1
2004.0

JULY
AUG.
SEPT.

177.5
179.0
179.7

6.4
6.5
6.5

288.3
291.8
292.2

203.8
210.4
214.8

OCT.
MOV.

181.2
182.2

6.4
6.4

293.2
298.4

220.4
226.4

FJSB.

f

1
(

|
!
|

Ratadad nontransactions Mams
tartwos owpoahV
at-M--T—
total
thrift
mstttutlons
banks
124.8
179.0
303.7
179.1
124.5
303.6
^

;

.—-"^-" *•*—

at

-'--mini*

|

WWW1 WWWI W y W H »

at

ooffwwsrotai
thrift
banks
[ iwatrtyttows

UwwfpS W W OSpOwfJwav

at
total

at

thrift
ooriwwsrclal
banks 1* iWSPfMllOnS

total

382.2
384.1

493.7
496.2

876. Q
860.3

276.7
279.2

156.3
157.3

432.9
436.5

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
163.4

447.9
451.3
450.5

671.6
665.6
668.2

126.6
129.0
130.9

184.8
189.5
194.1

311.4
318.5
325.Q

388.0
384.9
361.7

507.9
506.3
503.9

895.9
891.4
«85.6

287.1
281.5
280.5

165.0
164.9
164.6

452.1
446.4
445.1

202J.2
2036.7
2047.6

675.9
676.4
664.7

133.4
136.9
140.9

197.6
200.8
203.5

331.2
337.6
344.4

380.0
376.0
372.6

503.7
501.2
496.7

883.7
077.^
871.3

280.2
282.0
281.4

165.8
166.1
165.6

445.9
448.1
447.2

2063.9
2067.7

679.3
680.3

145.8
150.4

208.0
212.9

353.8
363.3

367.7
363.9

494.0
490.9

861.8
854.9

279.0
281.3

164.0
161.6

443.0
443.1

i
;

REEK EMDXM6

1986
BOY.

DEC.

1/
2/
3/

4/
5/
6/
7/
8/
9/
10/

3
10
17
24

181.3
181.9
18,1.1
182.3

294.3
298.9
297.3
295.9

221.4
226.0
226.5
226.9

147.8
149. 1
150.3
151.2

365.3
364.3
364.0
363.6

280.7
282.2
261.4
261.1

1
8
15
22 P
29 P

182.8
182.4
182.8
183.1
185.0

304.1
302.8
302.6
307.7
313.4

228.4
229.4
230.5
233.7
236.2

152.3
153.0
154.0
155.2

363.3
362.6
362.4
361.9
363.2

280.4
261.5
261.7
263.0
268.5

155.7

CURREMCI OUTSIDE THE U.S. TREASURY, FEDEBkL RESERVE BAMAS AMD VAULTS OF COMMERCIAL BANES. EXCLUDES THE ESTIHATED
AMOUNT OF VAULT CASH HELD BI THRIFT IMSTITUTIORS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AHOOIT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF MONBANK ISSUERS. TRAVELERS CHECKS ISSUED BT DEPOSITOR!
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DBAAND DEPOSITS AT COEHBRCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DUB TO DOMESTIC BANKS, THE O.S. GOVERNRENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS L&SS CASH ITEMS IN THE PROCESS OF COLLECTION AMD FEDERAL RESERVE FLOAT.
EXCLUDES THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BT THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
CONSISTS OF NOR AND ATS BALANCES AT ALL DEPOSITORT INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFFERENCE BETEBBN TAB
SEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AWD SEASONALLY ADJUSTED DEMAND DEPOSITS.
SUM OF OVERNIGHT BPS AND OVERNIGHT EURODOLLARS, MONET MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/OEALEB),
HMDAS, AMD SAVINGS AND SHALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED ANOBNf OF
DEMAND DEPOSITS AND VAULT CASH HELD BT THRIFT INSTITUTIONS TO SERVICE THEIR TIRE AND SAVINGS DEPOSITS LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND TERM EURODOLLARS OF U.S. RESIDENTS, MONET MARKET FUND BALANCES (INSTITUTIONONLT), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BI
INSTITUTION-ONLY HONEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE HMDAS.
SHALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SHALL
TIME DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR HORB, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LARGE DENOHINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BT HONET MARKET MUTUAL FUHDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AMD OFFICIAL INSTITUTIONS.




H.6 (508)
Table 4

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

Date

4

savings bonds

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

commercial paper3

Debt components4
federal debt
non-federal debt

1985-OCT.
MOV.
DEC.

78.5
79.0
79.5

^82.1
300.7
308.4

43.9
43.1
41.1

192.5
196.4
209.5

1521.7
1551.0
1587.0

5045.9
5100.8
5191.6

1986-JAN.
P£bm
MAR.

79.9
80.5
8*1.1

305.6
307.8
300.3

41.6
42.4
41.7

210.6
209.2
209.5

1607.9
1621.0
1628.5

5270.6
5302.3
5340.9

APR.
HAY
JUNE

81.8
82.6
83.4

^99. 1
306.2
300.2

41.0
40.1
40.3

203.0
206.7
210.6

1641.5
1665. 1
1691.9

5387.6
5435.9
5480.1

JULY
AUG.
SEPT.

84.3
85.3
86.4

292.5
288.6
289.4

39.4
37.3
36.7

212.3
219.3
221.1

1712.6
1725.1
1741.6

5526. 0
5591.0
5646.4

87.8

287.5

38.1

222.9

1755.9

5665. 6

OCT.

1/
2/
3/
4/

P

CONSISTS OF U.S. TREASURY BILLS AND COUPONS if IT 8 REGAINING HATUfllTIES OF LESS TflAH 12 MOUTHS &ELO BY OTHER TflAM DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BARKS, HONEY dARKiil HUTUAL FUNDS ARD FOREIGN ENTITIES.
RET OF BARKERS ACCEPTANCES HELD BY ACCEPTING BANKS, fZDZ&kL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND HONEY MARKET MUTUAL FUNDS.
TOTAL COHHERCIAL PAPER LESS COHHERCIAL PAPER HELD BY HONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DZ&LV&D BY AVERAGING END-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6 (506)
Table 5

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

Other checkable deposits
Date

Travelers
checks2

Currency1

Demand
deposits 1

Overnight
at commercial
banks4

at thrift
institutions*

total

inM2*

in M3 only7

RPS*

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

1985-HOY.
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

1 9 8 6 - JAB.
FEB.
BAB.

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.
BAY
JUNE

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

JUL!
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.
BOY.

180.9
183.2

6.5
6-1

292.5
299.*

150.2
155.4

68.3
70.6

218.5
226.0

2060.7
2064.1

681.3
686.0.

57.8
57.1

19.3
18.6

206.9
207.0

180.7
183.5
183.1
182.5

296.0
299.3
301.1
2*3-0

151.5
155.8
155.7
154.9

69.0
71.7
71.2
68.9

220.5
227.5
226.9

223. a

59.1
57.2
57.1
58.1

21.6
17.7
18.9
19.2

207.4
206.2
206.5
208.3

184.1
185.5
185.4
186.7
187.6

307.8
310.0
311.3
317.8
327.1

156.6
161.2
161.0
162.7
163.8

70.8
73.4
72.2
72.0
71.6

227.4
234.6
233.2
234.7
235.4

54.8
57.7
57.0
56.9
54.4

16.8
17.4
18.4
19.9
19.2

206.7
206.5
207.7
208.1
206.8

.

BERK ENDINGI
1986-NOV.

DEC

3
10
-17
24
1
8
15
22 P
29 P

_.

1/

L

CUBREBCI OUTSIDE THE U.S. TREASURY, FEDERAL RESBRYE BANKS AND TBE VAULTS OF COHflEBCIAL BABES., EXCLUDES TAB ESTIBATED
ABOUBT OF YAULT CASH HELD BY THRIFT INSTITUTIONS TO SEBVICE THEIR OCD LIABILITIES.
2/ OUTSTAHDING ABOUBT OF U.S. DOLLAR-DEBOBIBATBD TRAVELERS CHECKS OF NOBBANK ISSUERS. TBAYELBRS CHECKS ISSUED BY DEPOSITOR!
INSTITUTIONS ARE INCLUDED IB DEBAND DEPOSITS.
3/ DEBAMD DEPOSITS AT COflHEBCIAL BANKS OTBER THAN THOSE DOE TO DOHBSTIC BANKS, THE U.S. GOYBBBHBBT ABD FOREIGN BANKS ABD
OFFICIAL INSTITUTIONS, LESS CASH ITEBS IB THE PROCESS OF COLLECTION AND F.R. FLOAT, LESS TBE ESTIBATED ABOUBT OF DBflAHD
DEPOSITS HELD AT COBBERCIAL BANKS BY TBRIFT IBSTITUTIONS TO SERYICE THEIR OCD LIABILITIES.
4/ CONSISTS OF NOB ABD ATS BALANCES AT COBBERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOHEIGB BANKS, ABD EDGE ACT
CORPORATIONS.
5/ CONSISTS OF NOU AND ATS BALANCES AT SAYINGS AND LOA* ASSOCIATIONS AND BUTUAL SAYINGS BANKS, CREDIT UBIOB SHARE
DRAFT BALANCES, ABD DEBAND DEPOSITS AT THRIFTS.
6/ SUB OF OYERNIGBT BPS AND EURODOLLARS, BONBY BARKET FUND BALANCES (GENERAL PURPOSB ABD BROKER/DEAL BR),flllDASAND SAYINGS
ABD SHALL TIBE DEPOSITS LESS THE ESTIBATED ABOUNT OF DEBAND DEPOSITS AND YAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIBE AND SAVINGS DEPOSIT LIABILITIES.
7/ SUB OF LARGE TIBE DEPOSITS, TERH EPS AND EURODOLLARS OF U.S. RESIDENTS, HONEY BARKET FUND BALANCES (INSTITUTIOR-OBLI), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIBATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTIOH-ONLY
HONEY BARKET BUTUAL FUNDS.
8/ CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COBBERCIAL BANKS TO OTHER THAN DEPOSITORY IBSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
9/ ISSUED BY POHEIGN BRANCHES OF U.S. BANKS MOHLDHIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AdD BROKER/1)EALEfc) .



M.6 (506)
Table 5-contlnued

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
banks
institutions

at
commercial
banks

Savings deposits1
at
thrift
institutions

total

Small denomination time deposits2
at
at
thrift
commercial
total
banks
institutions

Large denomination time deposits'
at
at
commercial
thrift
total
4
banks
institutions

1985-HOY.
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-JAH.
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

APR.
HAY
JORE

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

JULY
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
375.1

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.
HOY.

371.7
375.1

192.1
193.0

563.8
568.1

146.0
149.9

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
19B6
ROY.

DEC.

1/
2/
3/
4/

ERDIRG

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
283.7

1
8
15
22 P
29 P

376.3
377.3
378*2
377.2
378.8

151.4
152.6
153.1
153.4
154.0

364.8
364.1
363.5
362.7
363.3

282.8
283.6
283.9
284.5
289.7

SHALrMROHIRATM^
— IHCLODIHG RETAIL EPS — ARE THOSE ISSUED I* AHOORTS OF LESS THAR $100,000. ALL
IMDIYIDUAL RBTIRBHERT ACCOORTS (IRA) ARD KEOGH ACCOORTS AT COHHERCIAL BARKS ARD THRIFTS ARE SUBTRACTED FROH SHALL
TIAB DEPOSITS
LARGE DEMOHINATIOH TIHE DEPOSITS ARE THOSE ISSOED IR AHOORTS OF $100,000 OR HORB, BXCLODIRG THOSE BOOKED AT IRTBRRATIORAL
RIIKIMU FACILITIES

HBFS)

LARGE DEMOHIRATIOR Tin* DEPOSITS AT COHHERCIAL BARKS LESS THOSE HELD BY HOREI flARKET HOTOAL PUHDS, DEPOSITORY
IHSTITUTIONS AND FOREItrH BARKS ARD OFFICIAL IRSTITOTIONS.




H.6(5O0)
Table 5-contlnued

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

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

!

Term
Eurodollars*

Savings
bonds

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

Components of Debt
Commercial
paper*

f . H . r . l «4.K*S

reoerai oeot

Non-Federal*
debt

1985-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

1544.2
1583.7

S093.2
5188.3

198 6 - J A N .
FEB.
HA R.

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

80.9
80.5
81.1

305.3
308.6
306.5

42.4
42.2
40.8

207.5
208,8
207.9

1606.7
162U0
1633.3

526S.7
5285.1
5311.8

APR.
MAI
JUNE

74.1
76.1
75.0

35.6
35.4
33mB

35.9
38.7
41.6

71.5
74.2
75.3

81.5
79.8
80.1

81.8
82.6
83.4

301.7
299.9
297.5

39.9
39.6
39.8

205.2
207.0
213.3

1644.6
166Q.7
1678.9

5357.2
5408.0
5458.0

JULI
AUG.
SEPT.

77.5
60.8
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
290.6

39.2
37.9
37.4

214.0
216.6
221.4

1695.6
1713.3
1734.5

5508.2
5572.7
5631.7

OCT.
NOV.

84.5
84.4

34.1
36.7

44.0
45.7

78.1
82.4

78.8
79.8

87.8

287.2

38.0

223.1

1748.6

5675.3

3
10
17
24

85.1
84.2
84.5
84.6

35.5
35.6
36.4
35.9

1
8
15
22 P
29 P

83.9
83.8
84.7
84.8
83.6

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

DEC.

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

j
|

40.1
33.9
34.2
34.5
36.6

TERM RPS ARE THOSE WITH ORIGINAL HAT0RITIES GREATER THAN ONE DAT, EXCLUDING CONTINUING CONTRACTS AND RETAIL EPS. INCLUDES
A RELATIVELY SHALL AHOUNT OF OTERNIGHT RPS AT THRIFT INSTITUTIONS.
TERM EURODOLLARS ARE THOSE KITH ORIGINAL MATURITIES GREATER THAN ONE DAI. CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS BI
FOREIGN BRANCHES OF U.S. BANKS VORLDNIDE AND Br ALL BANKING OFFICES IN THE UNITED KINGDOfl AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEY MARKET MUTUAL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AND COUPONS HITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BY OTHER THAN DEPOSITORY
INSTITUTIONS, E£DEBkL RESERVE BANKS, HONEY MARKET MUTUAL FUNDS, AND FOREIGN ENTITIES.
N4T OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, PtiDEBkL HZSEBVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE tEDEBkL
HOME LOAN BANK SYSTEM AND HONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD Bt HONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-MONTU LhVBLS OF ADJACENT MONTHS, AND HAVE BEEB
ADJUSTED TO iiEHOVE DISCONTINUITIES.




H.8 (508)
Table 6

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

8
U.S. 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

note balances
at commercial
banks
and thrift
institutions

total demand
deposits and
note and
FR balances

foreign
commercial
banks

foreign
official
institutions

1 9 8 5 - -NOV.
DEC,

8.1
8.5

2.1
1.9

8.4
8.3

3.0
3.4

2.8
3.4

4.8
11.1

10.7
17.9

1 9 3 6 -- J A N .
FMB.
NAB.

8.8
8.3
8.4

2.0
1.9
1.8

8.0
7.8
7.6

3.0
3.2
3.3

10.5
7.5
3.4

20.5
21.0
12.4

APE.
HAT
JUNE

8.7
8.8
8.8

1.9
1.8
1.8

7.5
7.4
7.3

4.2
3.0
3.5

3.7
4.8
2.9

JUL*
AUG.
SEPT.

9. 1
8.9
9.2

2.0
1.8
1.9

7.2
7.2
7.2

3.6
3.0
3.6

OCT.
NOV.

9.4
9.0

1.8
2.0

7.1
7.1

3
10
17
24

8.6
8.6
9.0
9.3

1.9
2.1
2.2
1.8

1
8
15
22 P
29 P

9.3
9.3
9.5
8.2
9.8

2.1
1.9
1.7
1.8
1.9

Date

IRA and Keogh Accounts
time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

1.3
1.4

58.7
59.2

79.5
80.9

8.4
8.3

146.6
148.4

34.5
31.7
19.2

1.3
1.4
1.4

60.7
62.5
64.2

81.9
82.9
86.4

8.6
8.7
9.Q

151.2
154.2
159.5

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
172.2

3.8
3.2
5.6

\3.2
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

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
177.5e

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

7.0
7.1
7.0
7.0
7.0

3.3
3.1
4.6
3.6
3.5

2.7
2.6
3. 1
3.6
4.7

14.0
9.2
6.4
22.0
24. 1

20.0
14.9
14.1
29.3
32.3

1.6
1.6
1.6
1.6
1.6

money
market
mutual funds

total

WEEK ENDING:
1986
HO?,

DEC.

e = estimated




>