Full text of H.6 Money Stock Measures : July 17, 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 (506)
Table 1

JULX

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

17,

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), MMDAs,
and savings and small
time deposits 2

M2 plus
large time deposits,
term RPs, term Eurodollars
and institution-only
MMMF balances 3

L

Debt

M3 plus other
liquid assets 4

Debt of domestic
nonfinancial sectors'*

Seasonally adjusted

1985—JUME
JULY
AOG.
SEPT,
OCT.
MOV.
DEC

590.9
596.2
604.8
611.5
614.2
620.1
626.6

2479.0
2496.1
2515.4
2529.5
2538.4
2550.8
2565.8

3097.0
3112.1
3130.1
3150.2
3164.9
3180.2
3199.9

3665.7
3683.2
3711.2
3739.2
3760.7
3798.2
3837.0

6320.2
6389.8
6460.3
6525.3
6592.0
6680.3
6809.8

1986—JAM.
FEB.
HAE.
APfi.
HA I
JUNE P

627.2
631.0
638.4
646.1
658.6
666.6

2569.0
2576.6
2591.2
2620.8
2647.0
2667.3

3222.9
3239.6
3259.5
3288.6
3307.3

3859.0
3877.2
3889.7
3912.7
3949.3

6913.8
6963.9
7012.3
7069.4
7129.5

3326.9
Not seasonally adjusted

1985—JUNE
JULY
AUG.
SEPT.
OCT.
HOV.
DEC

592.7
599.6
602.0
609.1
612.2
621.7
639.9

2480.7
2501.0
2510.9
2521.0
2533.7
2549.1
2573.9

3097.0
3109.6
3126.1
3143.7
3161.9
3183.7
3212.6

3664.8
3662.7
3708.9
3734.8
3758.3
3800.9
3843.2

6299.3
6370.3
6441.5
6509.9
6578.4
6667.2
6803.9

19b6—JAM.
FEB.
HAfi.
APfi.
MAI
JO ME P

633.5
619.2
630.5
652.8
651.7
669.0

2577.7
2569.9
2593.2
2630.4
2638.0
2669.5

3230.6
3231.5
3259.9
3295.1
3300.5
3327.6

3864.2
3869.6
3893.8
3922.8
3936.0

6907.2
6944.5
6985.2
7040.8
7103.&

M1
For period ended
13-week average

Seasonally adjusted
4-week average

week average

13-week average

Not seasonally adjusted
4-week average

week average

1986-JOME

2
9
16
23
30 P

648.5
650.7
653.0
655.1
657.1

659.6
662.4
664.7
666.2
667.0

663.1
667.0
66 8. J
666.3
666.5

645.9
649.1
652.4
655.2
657.8

651.8
657.6
663.1
667.8
669.0

658.4
676.4
674. 9
661.3
663.3

JULI

7 P

659.3

668.8

673.9

660.3

672.6

691.0

VOTE:

SPECIAL CA0TIOM SHOULD BE TAKE* IM INTE&PfiSTING iE££-T0-12£* CHANGES IH flOMBT S0PPLIcDAIA, iHICH ABE
HIGHLY VOLATILE AID SUBJECT TO AEVISIOM.
P — INDICATES PfiBLIttlNAfil DATA.
FOOTNOTES APPEAfi OM THE FOLLOMIMG PAGE




H.6 (508)
Table 2

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

M1

M2

M3

Debt1

3 MONTHS FROM MAR.

19*6 TO JUNE

1986

17.7

11.7

8.3

9.5

6 MONTHS FROM DEC.

1985 TO JUNE

1986

12.8

7.9

7.9

13.4

12 MONTHS FROM JUNE

1985 TO JUNE

1986

12.8

7.6

7.4

14.0

THIRTEEN UEE&S ENDING JULY 7, 1986
FROM THIRTEEN HEfiKS ENDING:

1/

1/

2/

3/

4/
5/

APH.

7, 1986 (13 BEEKS PREVIOUS)

JAN.

6, 1985 (26 WEEKS PREVIOUS)

12.2

JULY

8, 198b (52 UEEKS PREVIOUS)

12-7

GROWTH BATES FOR DEBT ABE BASED ON PERIODS BEGINNING AND ENDING ONE MONTH EARLIER THAN FOR THE MONETARY AGGREGATES,
NAMELY, FEBRUARY 1986 TO MAY 1986, UO^EABER 1*85 TO NAY 1986, AND MAT 1985 TO MAY 1986, RESPECTIVELY.
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 THAU THOSE DUE TO
DOMESTIC SANfcS, THE U.S. GOVERNMENT, AND FQ&RMU BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER
OFttH U D * AVAL {NOW) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURREHC1 AND DEMAND
DEPOSIT COMPONENTS EXCLUDJS THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF Hi PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS HORLDNIDE, HMDAS, SAVINGS AND SBkLL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL R P S — I N AMOUNTS OF LESS THAN $100,000), AND BALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUNDS. EXCLUDES IRA AND KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND MONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMERCIAL
BANKS, MONEY MARKET FUNDS (GEN£RAL 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 TU£IR TIME AND SAVINGS DEPOSITS.
CONSISTS OF M2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OR MORE) AND T£*M RP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, T£RM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BRANCHES OF U.S. BANKS
HORLDUIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IM BOTH TAXABLE AND TAX-EXEMPT
INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, MONEY
MARKET FUHDS, AND FOREIGN BIBKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REB&ESEUTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY MONEY MARKET MUTUAL FUUDS.
CONSISTS OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF MONEY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AMD LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE BOUDS§ MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ARE DERIVED FROM THE *ED£RAL RESERVE BOARD'S FLOU 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 REHOV£ STATISTICAL DISCONTINUITIES THAT HAY ARISE IN THE UNDERLYING FLOW OF FVHDS STATISTICS.
THE PRESENTATION OF DErft DATA IN THIS biELtihSX DIFFERS. TH£fi£FOHE, FROM THE QUARTERLY FLOU OF FUNDS STATISTICS CONTAINED
IN THE FEDERkL RESERVE RELEkSES Z.7 AND Z.I. IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE MEASURED ON
A UOARTER-END BASIS AND INCLUDE DISCONTINUITIES.




COMPONENTS OF THE MONEY STOCK
i oftfoMara,aaaaonatty adluatad

Da*

Omaney*

Oamand
dapoaNa'

oftaoftj*

1985-JUMB

164.4

259.0

5.7

Othar
dwcfcab*
dapoalia

Of**

1888.1

UN III

I ban*
618.1 i 122.1

LftqMtlmtdapoiMtt*
at

at
IIP HI

total

1

Banks *

171.5

293.6

387.6

502.6

890.3

267.3

155.4

422.7

501.3
497.5
495.6

888.0
880.9
878.3

264.0
266.9
270.6

154.J
154.1
155.4

418.3
421.0
425. 6

1918.0

616.0
614.8
6*10.7

122.9
123.7
124. 0

173.8
176.0
176.3

296.7
299.7
300.3

386.7
383.4
382.7

173.7
176.7
178.6

1924.2
1930.6
1939.2

626.5
629.4
634.1

124.4
124.8
124.5

177.9
179.0
179.1

302,3
303.7
303. 6

382.0
382.2
384.1

493.7
493.7
496.2

875.7
876.0
880.3

273.9
276.7
279.1

155.9
156.3
157.3

429.7
432.9
436.5

268.9
269.2
273.2

180.5
183.1
185.2

1941.8
1945.6
1952.8

653.9
663.0
668.3

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
451.2
450.5

275.6
281.6
284.8

189.9 1974.7
195. 1 1988.5
198.9 2000.7

667.8
660.2
659.6

126.6
128.9
130.8

184.9
189.7
194.3

311.5
318.6
325.1

387.9
384.8
381.6

508.2
506.4
504.3

896.2
891.2
885.8

287.0
28 K 4
280.9

165.0
164.8
164.5

452.0
%46.2
445.3

284.1
285.9
286.0
284.3
283.8

196.6
198.4
199.4
199.0
199.7

129.7
130.4
130.7
131.1
131.3

383.1
382.0
381.6
381.4
380.9

279.1
279.4
281.5
281.9
281.1

288.5

202.1

132.3

381.5

280.5

JOLI
AOG.
SEPT.

165.3
166.9
167.7

5.8
5.9
5.9

260.4
263.1
266.4

164.8
169.0
171.5

1899.8
1910.6

OCT.
NOV.
DEC.

168.7
169.8
170.6

5.9
5.9
5.9

266.0
267.8
271.5

1986-JAN.
FEB.
HAS.

171.9
172.9
173.9

5.9
5.9
6.1

174.4
175.8
176.6

6.1
6.1
6.2

APR.
HAT
JUNE P

at

tafttt

4

161.8

S t l i c H J nootiantacttont ttama
8iiNM tlnw oapoaltw
at
at
total
thrift

oomponants

SEEK ENDING
1986
JUNE

JOLT

2
9
16
23
30 P

176.3
176.5
176.8
176.8
176.7

7 P

177.1

f

<

1/

CURRENCY OOTSXDE THE U.S. TREASURY, FEDERAL RBSBRVB BANKS AID fAOLTS OF COMMERCIAL BANKS. EXCLUDES TOE ESTIHATBD
AMOUNT OF VAULT CASH HELD BI THRIFT INSTITUTIONS TO SEBFICE THEIR OCD LIABILITIES.
2/ OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF MONBANK ISSOEBS. TfiAVELEBS CHECKS ISSUED BY DEPOSirOBI
IKSTITOTIOVS ABE INCLUDED IN DBSAMD DEPOSITS.
3/ DEMAND DEPOSITS AT COBHEBCIAL BANKS AND FOBEIGN RELATED INSTITUTIONS OTHEB THAN THOSE DUE TO DOMESTIC BAMKS, THE U.S. GOFEBJ
HENT AND F0BEI6N BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEIIS IN THE PBOCESS OF COLLECTION AND FEDEBAL RESERVE FLOAT.
EXCLUDES THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BI THftlFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
4/ CONSISTS OF NON AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLX ADJUSTED EQUALS THE DIFFERENCE BETBEEM THE
SEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AND SEASOMALLT ADJUSTED DEMAND DEPOSITS.
5/ SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, HGMEI MARKET FUND BALANCES (GBMERAL PURPOSE AND BROKER/DEALER) ,
HHDAS* AMD 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 OF LARGE TIME DEPOSITS, TERM RPS AMD TERM EURODOLLARS OF U.S. RESIDENTS, HONEI MARKET FUND BALANCES (INSTITUTIONONLI), LESS A CONSOLIDATION ADJUSTMENT THAI REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BT
IHSriTOTIOi-OMLI MONEI MARKET FQMDS.
1/ SAVINGS DEPOSITS EXCLUDE HMDAS.
8/ 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 SMALL
TIME DEPOSITS.
9/ LARGE DENOMINATION TIMS DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OB MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
10/ LARGE DENOMINATION TIHB DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD ai MOMEY MARKET MUTUAL FUNDS,
DEPOSITOR! INSTITUTIONS AND FOKJilGN BANKS kVJ OFFICIAL INSTITUTIONS.




H.6 (608)
Table 4

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

Date

2/
'3/
4/

9

commercial paper

Debt components4
federal debt
non-federal debt

76.1
76.5

276.8
281.9

46.3
44.5

168.6
165.7

1442.0
1459.3

4814.5
4860.9

JULY
AUG.
SEPT.

76,7
77.2
78.Q

277.3
280.6

43.7
43.6
43.2

171.6
182.9
187.2

1479*3
1496.7
1506.6

4910.3
4963.6
5018.8

OCT.
NOV.
DEC.

78.5
79.0
79.5

280.9
299.5
3U7. 1

43.9
43.1
41.1

192.5
196.4
209.5

1518.0
1549.o
1586.3

5074. Q
5131.3
5223.5

1986-JAN.
MA*.

79-9
80.5
81.1

304. 1
305.9
298.0

41.5
42.1
41.6

210.6
209.2
209.5

1608-0
1621.1
1628.2

5305.8
5342.0
5384.1

APB.
HAY P

81.8
82.6

298.3
311.0

41.0
40.3

203.0
208.2

1638.8
1656.2

5430.6
5473.3

1985-11 AY
JUNE

1/

savings bonds

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

CONSISTS OF U . S . TBEASUBY BILLS AMD COUPONS i l l ' U BEHAINING MATURITIES OF LBS 5 THAI 12 BOUT US UELJ) fix UTHEM THAN DEPOSXTUtfl
IHSTITUTIQhS,
£&DZBkL R&SEUYE BANRS# HONE! BARUBT flUTOAL FUUDS AND POfiiiIGM
fiUTITIfiS.
NSX OF J*ANK£MS ACCSPT1NCES HELD BY ACC£PTING BANKS, FEDfcttAL R£S£SV£ BANKS, FOfi£IGN OFFICIAL INSTITUTIONS, THE FBDEfiAL
HOflE LOAN BANK SISTEfl kUJ> HONEY HAfiKBT flUTUAL i-'UiJDii.
TOTAL COflftEfiCIAL PAPiiii LESS COflflEHCIAL PAPE& &£Li) BY HONEY HABKET MUTUAL FUNDS.
.DEBT DATA ABE ON A HONTULY AVEBAGE B A S I S , DEBIVED BY AVEfiAGING END*OF*HONTti LEVJBLS OF ADJACENT flONTHS, ANDflAYBBEEM
ADJUSTED SO 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

Currency 1

Travelers
checks 2

Demand
deposits 3

at commercial
banks 4

at thrift
institutions*

total

in M 2 -

Overnight
RPs 8

in M3 only 7

Overnight
Eurodollars 9

General
purpose and
broker/dealer
money market
funds

165.1

5.9

259.4

113.8

48.4

162.2

1888.0

616.3

48.1

12.7

175.4

JULY
AUG.
SEPT.

166.8
167.7
167.6

6.5
6.6
6.2

261.8
260.4
265.0

115.0
117.0
119.0

49.5
50.3
51.3

164.5
167.3
170.3

1901.4
1908.9
1911.9

608.6
615.1
622.7

48.3
49.4
50.2

12.4
14.2
14.0

175.8
176.8
176.7

OCT.
MOV.
DiSC.

168.4
170.7
173.1

5.9
5.6
5.5

265.6
269.0
281.3

119.8
122.6
125.8

52.5
53.8
54.4

172.3
176.4
180.1

1921.5
1927.4
1934.0

628.2
634.6
638.7

50.4
51.9
52.6

14.3
13.9
17.0

177.0
176.8
176.5

1986-JAN.
FEB.
HAS.

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

1944.2
1950.7
1962.8

652.9
661.6
666.6

49.2
51.4
50.1

18.8
16.1
16.3

177.7
181.0
186.2

173.6
175.8
177.4

5.8
5.9
6.5

278.6
276.7
28i>. 5

134.8
132.8
136.5

59.9
60.6
63.0

194.7
193.3
199.5

1977.6
1986.3
2000.5

664.6
662.5
6b8. 1

49.5
49.6
47.2

17.4
16.7
15.6

191.4
193.4
197.7

52.4
46.1
46.6
46.8
47.9

18.1
14.6
14.4
15.5
17.4

195.7
196.4
198.3
199.1
197.7

48.4

14.9

197.4

1985-JUNE

APR.
HAY
JUIE P
SEEK ENDING:
1986-JUNE

2
9
16
23
30 P

175.6
178.4
177.7
177.0
176.8

281.5
288.8
288.8
280.1
283.6

134.0
138.6
1.5 8.0
135.2
134.4

61.3
64.3
63.8
62.3
61.8

195.3
203.0
201.9
197.5
196. 1

JULY

7 P

180.8

297.1

140.3

65.9

206.2
i

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

CURRENCY OUTSIDE THE U . S . TREAS0RT, FEDE&kL RESERVE BANKS AMD THE VAULTS OF COflflBRCIAL BANKS.
EXCLUDES THE ESTIflATEB
AHOUNT OF VAULT CASH HELD BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD L I A B I L I T I E S .
OUTSTANDING AHODNT OF U . S . DOLLAR-DENOHINATED 1'RAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED fil DEPOSITOBI
INSTITUTIONS ARE INCLUDED IN DEflAND DEPOSITS.
DEflAND DEPOSITS AT COHHERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U . S . GOVEflNflENT AND JPOBEIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITBflS IN THE PROCESS OF COLLECTION AND F . R . FLOAT, LESS THE ESTIflATED ABOUNT OF DEflAND
DEPOSITS HELD AT COHHERCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD L I A B I L I T I E S .
CONSISTS OF NOtf AND ATS BALANCES AT COflflERCIAL BANKS, ii.S* BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS.
CONSISTS OF MOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND HUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEHAND DEPOSITS AT THRIFTS.
SU1I OF OVERNIGHT RPS AND EURODOLLARS, flONEY*flARKET FUND BALANCES (GENERAL PURPOSE AND BROKEE/DEALER), HflDAS AND SAVINGS
AND SHALL TIflE DEPOSITS LESS THE ESflflATED AMOUNT OF DEflAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIflS AND SAVINGS DEPOSIT LIABILITIES.
SUfl OF LARGE TIflE DEPOSITS, TERfl RPS AND EURODOLLARS OF U . S . RESIDENTS, HONEY HARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTflENT THAT REPRESENTS THE ESTIflATED AHOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY
HONEY flARKET flUTUAL iUHDS^
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COflflERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
flONEY flARKET HUTUAL FUNDS (GENERAL PURPOSE AND ttROKER/DEALKR) .
ISSUED BY FOREIGN BRANCHES OF U . S . BANKS WORLDWIDE TO U . S . kESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
flONEY flARKET HUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).




H.6(508)
Table 5-contlnued

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

Date

Money narket deposit accounts
at
at
commercial
thrift
total
banks
institutions

at
commercial
banks

Savings deposits
at

1

thrift
institutions

total

Small denomination time deposits2
at
at
commercial
total
thrift
banks
institutions

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

307.5

170.6

478.1

123.<i

172.2

295.4

386.5

499.9

886.3

265.5

154.9

420.4

JULI
AUG.
SEPT.

313.2
317.9
321.3

174.0
177.3
178.5

487.2
495.2
499.8

124.4
124.0
123.7

174.6
174.9
175.4

298.9
298.9
299.1

386.5
3 85.3
J85.1

500.6
497.1
495.4

887.1
882.5
880.5

263.0
267.5
272.6

153.1
153.9
155.1

416.1
421.4
427.6

OCT.
HOV.
DSC.

32*.3
329.2
332.4

179.8
180.3
179.6

504.1
509.5
512.0

124.6
124.3
12J.5

178.3
179.0
178.3

302.9
303.3
301.8

384.8
384.2
384.8

496.5
496.4
497.6

881.3
880.7
882.5

276.3
278.2
280.9

156.2
157.1
157.8

442.6
435.3
438.7

1986-JAN.
FEB.
HAH.

336.7
337.0
340.3

179.0
179.4
180.2

515.7
516.3
520.5

123.9
123.0
124.9

178.8
179.1
181.6

302.7
302.7
306.5

386.5
3 87.1
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
451.0
450.8

344.7
348.5
354.9

180.4
182.1
185.1

525.2
530.6
540.1

127.2
129.5
132.0

185.8
190.5
195.0

313.0
320.0
327.0

384.4
382.2
380.5

505.4
502.5
501.4

889.9
884.7
881.8

283.5
280.7
279.2

164.0
164.3
164.0

447.5
445.0
443.2

1985-JONE

APB.
HAY
JUNE P
tfBBK ENDING
1986
JUNE

JULI

1/
2/
3/
4/

2
9
16
23
30 P

352.2
354.7
355.8
354.9
355.2

130.5
131.8
132.1
132.1
132.5

381.2
380.9
380.5
380.2
380.1

279.7
278.5
279.2
278.9
279.9

7 P

357.3

134.5

380.4

278.7

SAVINGS DEPOSITS EXCLUDE HflDAS.
SHALL DENOHINATION TIHE DEPOSITS — INCLUDING RETAIL BPS — ARE THOSE ISSUED I I A1IOUNTS OF LESS THAI $ 1 0 0 , 0 0 0 . ALL
INDIVIDUAL RETIREBENT ACCOUNTS (ISA) AMD KEOGH ACCOUNTS AT COBBERCIAL BANKS AND THRIFTS ABE SUBTRACTED FROB SHALL
TI&E DEPOSITS.
LARGE DENOBINATIOH TIMS DEPOSITS ARE THOSE ISSUfcD III AHOUNTS OF $ 1 0 0 , 0 0 0 OR HORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (1BFS) •
LARGE DSNOHINATION TIflK DEPOSITS AT COHflERCIAL BANKS LESS THOSE HELD BT HONEI BARKET flUTUAL FUNDS, DEPOSITORY
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H 6 (508)
Table 5-continued

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
Bankers
treasury
acceptances4
securities'

Components of Debt
Commercial
paper*

Federal debt*

Non-Federal*
debt

07. 1

31.4

25.7

57. 1

78.2

76.5

279.6

43.9

107.9

1457.9

4841.4

JULY
AUG.
SEPT.

65.0
63.6
62.3

29.8
30.4
30.9

25.9
26.7
27. D

55.7
57. 1
58.4

77.6
78.8
78.9

76.6
77.1
78-0

279.9
280.4
281.3

43.6
44.3
43.9

173.1
181.0
18 7.8

1475.8
1495.8
1506.9

4894.5
4945.7
5003.0

OCT.
NOV.
DEC

63.3
64.5
64.6

30.2
31.2
31.6

29. J
31.6
33.9

59.4
62.8
65.5

78.2
78.4
76.7

78.5
79.0
79.0

280.7
295.7
304.3

43.8
43.3
42. 1

193.4
199. 1
204.6

1515.6
1544.2
1583.7

5062.8
5123.0
5220.2

1966-JAN.
FEB.
MAR.

67.3
07.7
70.2

33.1
35.1
36.3

35. 1
J4.7
34.3

68.2
69.8
70.6

76.0
79.2
81.9

80.0
80.5
81.1

303.8
306.8
304.3

42.3
4 1.9
40.7

207.5
208.8
207.9

1606.7
1621.0
1633.3

5300.5
5323.5
5352.0

74.1
76.1
75.0

34.6
34.J
32.7

34. 1e
34. 1e
33. 9e

68. 7e
68. 4e
66. 6e

80.7
79.9
79.5

81.8
82.6

300.9
304.6

39.9
39.8

205.2
208.5

1644.6
1660.6

5396.1
5443.2

30 P

76.0
75.4
75.1
74.7
74.3

32.6
31.8
32.5
J3.3
33. 2

7 P

75.4

31.6

1985-JUNE

APR.
HAY
JUNE P
WEEK

ENDING:

1986-JUM£

2
9
16

23

JULY

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

TEBM RPS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS. INCLUDES
A RELATIVELY SHALL AMOUIT OF OVERNIGHT RPS AT idHiFT INSTITUTIONS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAY. CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS BY
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 MONEY MARKET MUTUAL FUbDS.
CONSISTS OF U.S. TREASURY BILLS AMD COUPONS wild REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BY OTHER THAN DEPOSITORY
INSTITUTIONS, FRDERkL RESERVE tJANKS, MONEY MARKET MUTUAL FUBDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, F&UERkL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AMD MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER L&SS COMMERCIAL PAPER UriLD tit MONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE OM A MONTHLY AVERAGE BhSlS, DERIVED BY AVERAGING 4ND-OF-MONTU 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

foreign
official
institutions

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

U.S. government deposits
demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

note balances
at commercial
banks
and thrift
institutions

IRA and Keogh Accounts

total demand
deposits and
note and
FR balances

time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

money
market
mutual funds

total

8.0

2.0

8.J

3.4

2.8

11.4

17.7

1.2

55.9

73.4

8.4

137.7

JULY
AUG.
SEPT.

8.1
7.8
8.1

1.9
2.0
2.1

8.3
8.2
8.2

3.1
2.b
3.4

4.0
3.0
4.3

20.0
10.6
13.4

27.0
16.4
21. 1

1.2
1.3
1.3

56.7
57.4
57.8

75.3
76.8
78.1

8.5
8.4
8.3

140.4
142.6
144.3

OCT.
NOV.
DEC.

8.2
8.1
8.5

1.9
2.1
1.9

8.J
6.4
8.3

3.0
3.0
3.4

3. 1
2.8
3,4

8.5

1.3
1.3
1.4

58.2
58.7
59.2

79.0
79.5
80.9

8.4
8.4

11.1

10.7
17.9

145.7
146.6
148.4

1986-JAN.
FEB.
NAB.

8.8
8.3
8.4

2.0
1.9
1.8

8.0

3.6

7.8

3.2
3.J

2 0.5
21.0
12.4

34.5
31.7
19.2

I.3
I.4
1.4

60.7
62.5
64.2

81.9
62.9
86.4

8.6
8.7
9.0

151.2
154.2

8.7
8.8
8.8

1.9
1.6
1.8

7.5
7.4
7.3

4.2
3.0

13.6
18.7

68.4
69.5

3.5

9.6

21.5
26.5
15.9

11.5

4.6
2.9

90.1
91.2
91.9e

9.8
9.9e
9.7e

168.2
170. 6e
171.7e

9.1
8.7
8.6
8.9
9.0

1.9
1.6
1.7
1.9
1.8

7.3
7,3
7,3
7.3
7.2

2.9
3.2
4.7
3.5
2.6

3.4
2.3
2.6
3.8
2.6

10.8

17.2

9
16
23
30 P

2.7

9.2
9.9

14.2
17.5

21.5
22.8

1.6
1.6
1.7
1.7
1.7

7 P

9.0

2.1

7.2

5.6

3.8

9.2

18.7

1.6

1985-JUNE

APS.
HAY
JUNE P

7.6

10.5
7.5
3.4

3.7

2.4
4.6

1.5
1.7

WEEK ENDING:
1986
JUNE

JULY

2

e = estimated




3. 7

70. 1

8.3

159.5

SPECIAL SUPPLEMENTARY TABLE
Monthly Survey of S e l e c t e d D e p o s i t s and Other Accounts
At A l l Insured Commercial Banks and A l l Mutual S a v i n g s B a n k s 1
May 2 8 , 1986 and June 2 5 , 1986

(not seasonally adjusted)
Liability Categories

IT isuted

Amount Outstanding (Sail)
May 28
June 25

Commercial Banks
Average Rate Paid (I)
May 28
June 25

Number of Issuing Banks
May 28
June 25

NOW accounts2

127,897

128,548

5.45

5.43

13,480

13,605

Money aarket deposit accounts 3

352,094

355,156

6.03

5.96

13,038

13,150

Savings accounts*

130,626

132,480

5.43

5.43

13,230

13,451

Interest-bearing tiae deposits with
balances of less than $100,000
with original aaturities of: 5
7 to 31 days
(standard error of the estimate)

5,418
(433)

5,570
(436)

6.16

6.15

8,784

8.777

32 to 91 days
(standard error of the estimate)

20,529
(857)

19,918
(702)

6.27

6.26

12,824

12,974

92 to 182 days
(stsndard error of the estimate)

140,153
(1.985)

140,225
(1,773)

6.59

6.55

13,840

13,953

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

71,578
(1,479)

72,137
(1,515)

6.81

6.77

13,154

13.343

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

85,035
(1,810)

85,268
(1,786)

7.14

7.12

13,530

13,620

2-1/2 years sad over
(standard error of the estlmste)

123,526
(1,835)

123,282
(2.370)

7.40

7.38

13,412

13.503

All IRA/Keogh Flan deposits 6
(standard error of the estlmste)

69,605
(334)

70,404
(320)

N.A.

N.A.

13,396

13.465

Retail repurchase agreements7
(standard error of the estlaate)

1,399
(217)

1,697
(290)

6.12

6.09

3,950

2,823

Liability Categories
NOW accounts2

State-Crlartered Mutual Savings BsnV 8
Number of Issuing Banks
Amount Outstanding ($all)
Average Rate Paid (I)
June 25
May 28
Ma'7 28
June 25
May 28
June 25
4,157

4,183

5.51

5.47

340

340

Money aarket deposit accounts3

30,530

30,954

6.30

6.25

328

328

Savings accounts*

27,068

27,633

5.50

5.49

341

341

Interest-bearing tlae deposits with
balances of less than $100,000
with original maturities of: 5
7 to 31 dsys
(standard error of the estlaate)

156
(21)

164
(22)

6.14

6.06

102

102

32 to 91 days
(standard error of the estlaate)

1,546
(308)

1,492
(252)

6.47

6.63

275

275

92 to 182 days
(standard error of the estlaate)
183 days to 1 year
(standard error of the estimate)

19,212
(510)

6.83

6.83

323

323

12,831
(233)

19,067
(255)
12,768
(255)

7.10

7.08

337

337

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

12,741
(281)

12,656
(272)

7.40

7.37

326

326

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

21,045
(229)

21,067
(246)

7.72

7.71

342

342*

All IRA and Reogh Plan deposits 6
(standard error of the estlaate)

11,427
(250)

11,501
(252)

N.A.

N.A.

338

338

Retail repurchase agreements7
(standard error of the estiaate)

91
(51)

96
(41)

6.93

6.54

12

12

i

1*. Estimates are based on data collected by the Federal Reserve froa a stratified random sample of about 550 banks
and 75 mutual savings banks.
2. As of January 1, 1986 interest rate ceilings mere removed froa a l l NOW accounts. Beginning with the January 1986
data the NOW account category Includes a l l NOW accounts, including those accounts which were subject to a 5.25 percent regulatory interest rate restriction prior to January 1, 1986. Estlaates for this category are based on reports
of deposits. The NOW account rate i s reported as s siaple annual rate.
3. Money aarket deposit accounts (MMDAs)—Deposits with no required minimum maturity but Institutions must reserve
the right to require at least aeven day's notice prior to withdrawal, no restrictions on depositor e l i g i b i l i t y , or
limitations on the amount of interest that aay be paid; such accounts aay allow up to six transfers per month, no
more than three of which asy be draft and aay permit unlimited withdrawals by as 11, messenger, or In person.
Estimates for this cstegory are based on reports of deposits. The MMDA rate i s reported ss a siaple annual rate.
4. Savings deposits that, because of restrictions on transactions, do not aset the definition of sn MMDA.
Estimates for this category are based on reports of deposits. The savings account rate Is reported as a
slapis annual rate.
5. All interest-bearing tlae certificates and open account tlae deposits with balances of less than $100,000,
Including those held in IRAs and Keogh Plan deposits. With the exception of the 7-31 and 32-91 day deposit
rates, which are reported as simple annual rates, time deposit rates are annual effective yields reflecting the
method of compounding reported by the individual institutions.
6. All TRA/Reogh Plan time deposits regardless of size, type of Instrument in which held, or Interest rate paid.
7! Retail repurchase agreements are In denominations of less than $100,000 with maturities of less than 90 days
that arise from the transfer of direct obligations of, or obligations fully-guaranteed as to principal and Interest
by, the U.S. Government or an agency thereof.