Full text of H.6 Money Stock Measures : July 2, 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)
M

MONEY STOCK, UQUID ASSETS, AND DEBT MEASURES

JUJ.I

IOf4
111
Sum of currency.
Oast
<tam«^ teort* and

M3

M2
M I piuv owmigni nt^
snd Eurodollars)
M M M T oaianoss tgsn. pur.
and biofcsmJsalaft MMOfts,
and savings and small
tlms dspostls*

L

2 # 1967

Debt

M2plus
Isrgs tlms deposits.
Ignu QP. uam CiMwtiktll.i.

wnn n n , Hfm Bunmonwv

Nw piuv Oinvr
liquid assets 4

nonflninrlil ft^fiflnM'

198o—HAY
JUBE
JULY
AUG.
SEPT.
OCT.
NOV.

659.6
667.5
676.6
687.0
693.1
701.4
712.4
7 JO. 5

2647.3
2667.5
2693.8
2716.4
2736.3
2760.7
2775.4
2800.1

3314.7
33J6. 1
3368.3
3396.8
3422.0
3442.2
J459.6
34tttt.6

3951.9
3972.4
3998.8
4027.7
4057.0
4082.7
4108.0
4140.6

7092.9
716O.1
7236.2
7319.1
7J99.3
7464.9
7b50.8
764J.0

1987—JAK.
FEB.
BAB.
APB.
BAX

7J7.7
737.4
739.5
750.4
753.2

^822.0
2821.1
2824.3
2838.5
2839.9

3514.5
3518.4
3523.6
3541.0
3555.5

4174.1
4181.3
4170.9
4186.9

7711.7
7 7t>4. 6
7791.3
7848.7

Not ftsasonaHy adjusted

2637.9
2668.7
2700.4
2715.8

715.4
746.5

2728.8
2757.1
2777.7
2813.6

3306.4
3336.2
3368.5
3392.3
3416.4
3438.7
3463.9
3503.8

3937.7
3971.1
3999.3
4024.5
4051.1
4077.0
4110.8
4154.0

7060.6
7131.0
7201.2
7288.2
7377.0
7447.4
7535. 1
763b.8

744.4
723.3
729.0
757.6
745.0

2832.2
2809.1
2818.0
2847.2
2828.9

3525.3
3508.7
3520.7
3549.1
3545.7

4185.4
4173.0
4174.2
4194.9

7705.8
7738.2
7768.1
7821.1

1986—HA I
JUBE
JULX
AUG.
SEPT.
OCT.
BOY.
DEC

652.5
669.8
680.4
685.2
691.2

1987—JAB.
FEB.
BAB.
APB.
BAT

M1

Pat mrtfirl Midad
H-gSSfc mgmfm^jL

1987-BAI

4
11
18
25

JUIfc

1
8

15 P
22 P

SOTE:

13 wk swsrags

4-wssfc avetags

wssfcawsrsgs

74^.8
744.1
745.4
746.8

751.7
75J.9
753.2
753.1

749.2
751.2
754. 0
758.0

737.8
739.1
740.9
742.2

757.8
755.0
748.3
744.8

749.7
747.6
746. 1
735.9

748.0
748.5
748.8
749.6

754.2
752.9
750.6
748.7

753.6
74 5.8
744.8
750.7

744.2
746.0
747.9
749.5

744.1
747.1
749*3
751.5

746.6
759.6
755.1
744.7

SPECIAL CAUTION SHOULD 0J£ TAKjiV IB ZBTEBPBBTIB6 I£BK*TO-I**I CBABCES I B BOB1I SltfPLI DASA* BBICB ABE
UIGttLf fOLATILiS AID SUBJECT 3 0 HBflSIOB.
P—IBOICATSS Pa£LIHIBABI DATA.
FOOTBOTBS APPEAB OB THE F0LJL0BIB6 PACE




H.6(506)
Table 2

MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES
#

Percent change at seaaonally adjusted annual ratee

M1
3

MON'JLHS

FROM

t> MONTHS FROM NOV.
12

MONTHS FROM MAY

M2

M3

Debt1

1 9 8 7 TO NAY

1987

ti.b

2. 7

4.2

1986

TO NAY

1987

11.5

4. b

5.5

10.3

1 9 8 6 TO NAY

1987

14.2

7.3

7.3

1L8

7.1

THIRTEEN jI £ B K 3 ENDING JUNE 2 2 , 1 9 8 7
/ROM THIRTEEN WEEKS ENDING;

1/

1/.

2/

3/

4/
5/

MAR.

23,

1987 ( 1 3

W4KKS PREVIOUS)

DEC.

22,

1986 (26

WJSJBIKS

PREVIOUS)

10.9

JUNE

23,

1980 (52

Wi£EKS PREVIOUS)

14.2

6.3

iiROWTh KATES FOE DEBT AixE BASED OVl PERIODS BEGINNING AND ENDING ONE MONTH EA&LI2R THAN /Oil Tri£ MONETARY AGGREGATES,
NAHJBLY, JANOABY 1 9 8 7 TO APRIL 1 9 8 7 , OCTOBER 1 9 8 6 TO APRIL 1 9 8 7 , AND APRIL 1 9 8 6 TO APRIL 1 9 d 7 , RESPECTIVELY.
' FOOTNOTES TO TABLE 1
CONSISTS OF ( 1 ) CURiiiiNCY OUTSIDE TUJbl TREASURY, thOKdkL
RESKhVE BANKS, AND Tii£ VAULTS OF COMMERCIAL BANKS;
( 2 ) TRAVELERS CHECKS OJT NONBANK I S S U E R S ; ( 3 ) DEMAND DEPOSITS AT ALL C0NMEBC1AL BANKS OTHER THAN THOSE DUE TO
D0MES1IC riAMKS, THE U . S . GOVERNMENT, AND FOREIGN BANKS AMD O F F I C I A L I N S T I T U T I O N S LUSS CASH ITfcMS I N THE PROCESS
OF COLLECTION AND FEDEBAL RfcSiiBVE FLOAT; AND ( 4 ) OTUSfi CBBCKAbLE D E P O S I T S (OCD) CONSISTING OF NEGOTIABLE ORDER
OF WITHDRAWAL (NOB) AND AUTOMATIC TRANSFER SEftVICE (ATS) ACCOUNTS AT DEPOSITORY I N S T I T U T I O N S ,
CREDIT UNION SHAHS DriAFT ACCOUNTS AND DEflANt) DSPOSITS AT THRIFT I N S T I T U T I O N S .
THE CUBB&NLY AND DEMAND
DEPOSIT COflPQNENTS JbiXCLUDJS THK ESTIHATSD AMOUNT OF VAULT CASH AND DEMAND D E P O S I T S , R E S P E C T I V K L / , HdLD BY
T H f i l F l I N S T I T U T I O N S TO SKBVlCJsi TH^IB OCD L I A B I L I T I E S .
CONSISTS OF fl1 PLUS OVBliNIGBT (AND CONTINUING CONTRACT) BPS I S S U B D BY ALL CCIMLHCIAL BANKS AND OVERNIGHT EURODOLLAhS
I S S U E D TO O.S.
RESIDENTS BY FOBBIGN BBAMCHEJ OF U . S . BANKS WORLDWIDE, MHDAS, SAVINGS AND SMALL DENOMINATION
TIHE i/JSPOSITS (TIHB DEPOSITS—INCLUDING BETAIL B P S — I N AMOUNTS OF LESS THAN ^ 1 0 0 , 0 0 0 ) , AND BALANCES IN bOTH
TAXABLE AMD TAX-EXEMPT GENERAL PURPOSE AMD 3BOKbB/DEAL£B MONEY MARKET MUTUAL FUNDS. EXCLUDES IRA AND KEOGH
BALAMCJSS AT DEPOSITORY I N S T I T U T I O N S AND HONEY MAfiKLT FUNDS. ALSO EXCLUDES ALL BALANCES d&LD HI UmS.
COMMERCIAL
BANKS, MONEY JSARKJBT FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COdflEKCIAL HANKS, AND
THii U . S . GOVERNMENT.
ALSO SUBTRACTED IS A COISOL1DATXON ADJUSTMENT THAT BEraKSENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH 'd&LD BY T d i l F T I N S T I T U T I O N S t O SERVICE THLIfi TIME AND SAVINGS D E P O S I T S ,
CONSISTS OF M2 PLUS LARGE DENOMINATION TIME UMOSLTS
(LU AMOUNTS OF $ 1 0 0 # 0 U C Oh MORE) AND
TERM RP L I A B I L I T I E S
LSSURD
tit COUNXBCIAL BARKS AND SHRIFT I N S T I T U T I O N S , TERM EURODOLLARS HELD BY U . S . RESIDENTS AT FOREIGN BRANCHES OF U . S . BANKS
WORLDWIDE AMD AT ALL BANKING O F F I C 8 S 1H THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT
INSTITUTION-ONLY MONEY MABKBT MUTUAL FUNDS.
JSICLUDES AMOUNTS HELD BY DEPOSITORY I N S T I T U T I O N S , Tfl£ U . S . GOVERNMENT, MONEY
MARKET IU*DS.
ANi> FOREIGN BANKS AND OFFICIAL I N S T I T U T I O N S .
ALSO SUBTRACTED I S A CONSOLIDATION ADJUSTMENT THAT KEPKESENTS
THE KbTIflATJBD AMOUMT 0 / OYJSBMIGHT DPS AND EURODOLLARS HELD BY INSTITUTION-ONLY MONEY HAaKfcT MUTUAL kiJHDS.
CONSISTS OF M3 PLUS THE NONBANK PUBLIC BOLDIMGS OF U . S . SAVIMGS BONDS, SHOBT-TJsRH TREASURY S E C U R l t l J i S , COMMERCIAL
PAPSB AND BANKERS ACCEPTANCES, MET OF HOMEY MARKET MUTUAL FUND HOLDINGS OF THESE A S S E T S .
DBBT OF DOMESTIC NONFINAMCIAL SBCTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UMIl'itO STATES GOVERNMENT
STATE AND LOCAL GOVEHMflEMTS AND PRIVATE NONFIMAMCIAL SECTORS.
PRIVATE DEBT CONSISTS OF CORPORATE BONDS, MORTGAGES.
COMSUMJiR CREDIT (INCLUDING BANK L O A N S ) , OTHiiR BANK i.OAMS # COMMERCIAL PAPER # BACKERS ACCEPTANCES AND OTHlifi DEBT
INSTRUMENTS. THE DATA ARE DKHIVED FHOH TUB fKDBBAL BiESB&l* BOARD'S FLOW OF i UNDS ACCOUNTS.
ALL DATA ON DEBT OF DOMESTIC
MONFINANCIAL SBCTOBS ARE PR2SEMTED IN HOMTH-AVKRAGE F O B « f DEBIfKJ) BY AVERAGING rfOMIH-tNl> ULVKLS OF ADJACENT MONTH^.
THESE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCOMTIMOITIBS THAT HAY AKI3K IN THt: UNDERLYING FLOW OF FUNDS S T A T I S T I C S
TIU5 Pk±.SSNTATION OF DEBT DATA IM THIS RELEASE D I F F E R S , XHBBKFOBB, FROM THE WktUKkLl
FLOW Ob' *U»»S
S T A T I S T I C S CONTAINED
IM THK FEDERAL RESERVE BELBASBS 2 . 7 AMD X . I .
IM THOSE RELEASES, PUBLISHED LrfVLLS OF CREDIT MARKET DhBT ARE MEASURED ON
A UUARTfiB-END B A S I S AND INCLUDE D I S C O N T I N U I T I E S .
'
B**bUttBU u*




COMPONENTS OF THE MONEY STOCK

taM*
17^.8
170.7

o.i
0.2

195.5
199.6

1987.7
2000.0

667.4
o70.6

129.5
131.5

187.3
190.2

316.8
321.6

384.1
381.5

503.9

285.0

888.0
883.0

289.9
269.4

157.7
158.2

447.6
447.6

JUi.Y
AUG.
SEPT.

177.6
17*.0
179.7

6.3
6.4
6.4

288.2
291.2
292.2

204,5
210.4
214.7

2017.2
2031.4
2043.2

674.5
t>78.4
o85.7

134.0
137.5

193.3
197.2
200.3

327.4
334.6
341.4

380.0
377.0
374.1

500.9
499.6
496.1

880.9
676.7
872.2

289.5
290.1
269.6

158.9
159.3
156.7

446-3
449.4
444.4

OCT.
NOV.
DEC.

181.2
18*.4
18i.5

6.4
0.4
0.4

293.4
297.8
308.3

220.3
225.8
232.3

2059.i
2063.1
2069.7

661.5
664.1
o88.4

145.8
150.2
154.5

204.7
208.3
211.8

350.5
356.5
366.3

370.0
365.9
364.7

494.6
491.3
486.7

864.7
857.1
853.5

288.1
289.9
291.8

157.4
155.9
155.3

445.5
445.8
447.1

1987-JAN.

180.0
187.2
187.7

6.5
6.7
o.B

305.1
J0Q.6
299.3

240.1
242.9
245.7

2084.3
2083.a
2084.7

692.5
697.4
o99.3

159.8
164.4
168.3

216.9
222.7
227.9

376.7
367.1
396.1

364.7
362.6
360.0

486.7
465.4
485.5

651.4
848.0
845.5

295.7
296.0
299.0

154.0
152.2
151.1

449.7
448.2
450.1

A Pit.
MA*

18d.9
19U.2

0.8
0.7

304.0
304.0

^50.8
252.3

208d. I
2066.7

702. 4

172.2
174.5

233.7
237.1

406. C
411.6

357.5
357.1

486.0
486.5

843.5
843.6

305.9
310.6

148.7
149.0

454.6
459.6

1980-NA*
JUfcitf

KEEK ENDING
1987
HAY

JUNE

1/
2/
3/

4/
5/

6/
7/
8/

9/
10/

4
11
Id
25

189.0
18*.9
190.3
19U.9

303.2
302.9
303.9
306.7

249.8
251.8
253.0
253.7

173.4
174.2
174.4
174.8

356.7
356.5
356.9
357.3

309.5
310.5
310.0
311.1

1
b
15 P
2* P

19U.5
190.4
190.8
191.4

303.1
297.8
297. 1
299. 1>

253.3
J50.8
250.2

175.2
175.5
175.2
17*. 7

357.9
358.6
359.7
360.4

311.3
313.9
315.6
316.7

CURRENCY OUTSIDE THK U . S . TREASURY, FKOBRAL IBSEHE
BAIKS AIO VAULTS OF COHHSBCIAL BABKS.
EXCLUDES THE ESTIMATED
ABOUBT OF VAULT CASH HKLD BY TUBIFT IBSTITUTIOHS TO SEBVICE THEIR OCD L I A B I L I T I E S .
OUTSTANDING AHOUNT OF U . S . DOLLAB-DBNOHIHATEJ TBAVBLEBS CHECKS OF NOBBANK ISSUERS. TRAVELEBS CHECKS ISSUED BY DEPOSITOBY
INSTITUTIONS ABE XBCLUDED I B DEMAND DEPOSITS.
DEflABD DEPOSITS AT COMMERCIAL BABKS AMD FOBBIGM BELATED IBSTITVTIOJIS OTBER TBA* TBOSE DUE TO DOBESTIC BABKS# THE B . S . GOVEBI
HBBT AMD FOREIGN BANKS AMD OFFICIAL IBSTXTUIIOMS LESS CASH ITBHS I B THE PBOCBSS OF COLLBCTIOB ABD FEDEBAL BESEBVB FLOAT.
HXCWDES tun ESTIBATED ABOUBT OF DEBkBD DEPOSITS MELD AT COBBEBCIAL BABKS B f THBIPT XBSTIT9XXOBS TO J I B VICE THBIB OCD
LIABILITIES.
CONSISTS OF KOH ABD ATS BALANCES AT ALL DEPOSITOBY IBSTITOTXOBS # CBEDIT UBXOB SflABB DBA FT BALABCES ABD
DBHABD DEPOSITS AT 10BIFT INSTITUTIONS.
SUB OF OVBBNIGHT BPS AND OVBBBIGHT EUtODOLLAhS, BONEI AASKET FUBD BALABCES (GBNEBAL PUBPOSE ABD BBOKEB/OEA1.EB) 9
HBDAS, ABD SAVINGS ABD SBkLL TIBB DEPOSITS, LESS THE CONSOLIDATION ADJOSTBEBT TBAT BEPBESEBTS THE ESTIBATED ABOUBT OF
DEBAND DEPOSITS ABD VAULT CASH BELD BY THBIFT INSTITUTIONS TO SEBVXCB THBIB TIME ABO S A f l B G S DEPOSITS L I A B I L I T I E S .
SUB OF LAB6J& TIHE DEPOSITS, TEkB kPS ABD TBBB EUBODOLLABS OF U . S . BESIDE NTS* HOVE! flABCBT ntD BALA1CBS (INSTITUTIONONLY) # LESS i CONSOLIDATION ADJUS1BEBT THAT kEPBBSKBTS THE ESTIHATED ABOUNT OF OVEBklGHT BPS ABD EUBODC uLABS BkLD BX
1MSTITUTI0B-0BLY BONBY BABKET FUNDS.
SAVIB6S DBPOSITS EXCLUDE HMDAS.
SHALL DENOMINATION TIHE DEPOSITS—INCLUDING BETAIL RPS— ABE TBOSE ISSUED I * AH00NTS OF LESS THAN £ 1 0 0 , 0 0 0 . ALL
INDIVIDUAL RETIRBHENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COBHERCIAL BANKS ABD THBIFTS ABB SUBTBACTED FBOfl SHALL
TIHB DEPOSITS.
LABGE DENOHIBATIOB TIHE DEPOSITS ABE THOSE ISSUED I B ABOONTS OF $ 1 0 0 , 0 0 0 OB BQBB, EXCLUDIBO THOSE BOOKED AT
IMTBBBATIOBAL BANKING FACILITIES.
LABGB DENOHINATIOH T I f l t DBPOSITS AT COHHBBCIAL BABKS LESS TBOSE HELD IX HOBBY HARKET HOTUAL FUNDS,
DEPOSITOBY INSTITUTIONS AND FOBEIGN BANKS ABD OFFICIAL IBSTItUTXOBS.




H.6 (506)
Table 4

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

Date

2/
3/
4/

Non-M3 components of L
short-term treasury
bankers acceptances 2
securities1

commercial paper*

Debt components 4
federal debt
non-federal debt

MAY
JUNE

81.9
82.7
83.5

298.5
304.0
298.3

40.6
39.8
39.8

206.1
210.7
212.6

1641.5
1665.1
1691.9

5381.4
5427.3
5474.2

JUJLY
A UG.
SEPT.

84.3
85.3
86.4

292.0
288.7
287.9

39.0
37.3
36.9

214.5
219.7
223. 9

1712.6
1725.9
1741.6

5523.5
5593.9
5657.0

OCT.
NOV.
DEC.

87.7
89.8
91.7

286.7
292.2
292.5

37.7
37.5

228.4
228.4
230.2

1755.9
1779.3
1806.9

5709.0
5771.5
5836.2

1987-JAH.
FEbm
HA*.

92.7
93.5
94.3

289.5
290.3
274.1

37.8
39.3
39.8

239.7
239.8
239.1

181d.|
1825.9
1831.*

5893-£
5928. 7
5959. *

95.1

264.8

41.2

244.9

1841.6

6007. 1

APB. P

1/

savings bonds

38.0

CONSISTS OF U . S . THKASUki
blLLS
AND COUPONS NIIH IEHAINING MATUBITIES OF LESS THAN 1 2 MONTHS HELD flit OTHEB THIN DEPOSITOBY
I N S T I T U T I O N S . FEOEBAL KESEMVE BANKS, HONEY HABKET MUTUAL FUNDS AND FOBEIGN E N T I T I E S .
NUT OF BANKEBS ACCEPTANCES HELD bl ACCEPTING BANKS, F&DERkL HESEBfE BANKS, FOBEIGN O F F I C I A L I N S T I T U T I O N S , THE FBDEHAL
HOME LOAN BANK SYSTEM AND NOHEK HAfiKET MUTUAL FUNDS.
TUTAL COMMEBC1AL PAPEfc LLSS COMflEBCIAL PAPEfc HELD BY MONEY HAKKET MUTUAL FUNDS.
DEBT DATA ABE ON A MONTHLY AVEkAGE B A S I S , DEHiVKU BY AVERAGING EMD-OF-HONTH L^ELS
OF ADJACEN* MONTHS, AND HAVE &EEU
ADJUSTED TO BEMOVE D I S C O N T I N U I T I E S .




COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AfID DEBT
mmoiii * mm* m* tMionuy m

•

C*iwtcy'

ctocto*

sz

tons*

«thrift
•notiMiiioA.

tots*

SB,

toADorrfr*

*******
•yntft

175.7
177.4

5.9
6*5

2/7.4
2 #6. 2

133.1
136.9

60.3
62.4

193.5
19 J. 7

1985.4
1994.9

6*0.5
667.5

51.3
49.7

17.4
14.4

193.2
197,3

JOLf
ADC
SEPT.

179.1
179.9
179.5

7.2
f.i
6.9

29*1.5
289.9
49I.J

139.3 '
14 J. 9
144.9

64. J
•5.6
66.6

203.6
208.6
211.5

2024.1
2434.4
2437.4

440.1
676. S
687.5

54.6
57.4
. 55.5

17.2
17.1
17.3

199.7
200.5
202.2

OCT.
«Of.
DEC.

180.9
183.2
186.2

6.5
6.1
6. II

293.0
30H. 1
319.5

159.4
155.7
162.8

48.8
70.3
72.2

218.S
226.0
235.0

2054.J
2062.2
2067.1

641.4
684.2
690.2

$4.1
57.9
54.3

19.4
14.4
19.0

284.9
207.1
247.4

198 7-JAN.

HAI.

184.6
184.8
186.0

6.0
6.2
6.4

311.0
291.9
291.5

169.8
167.6
170.4

73.1
72.7
74.6

240.3
245. 1

2087.6
2085.8
2089.0

693.1
699.6
702.7

61.2
59.2
56.7

22.3
19.5
18.6

209.0
210.7
211.6

APR.
HAT

188.0
190.1

6.4

305.8
298.9

178.5
171.6

78.9
77.9

257. 5
249.5

2089.4
2063.6

701.9
716.9

54.4
53.0

24.7
20.8

211.8
210.1

1*46~IUY
JO i t

WbBm

WEEK ENDING:
1967-HAl

JUNK

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

4
11
18
25

188.7
190.4
189.8
190.3

303.1
299.6
300.8
2?2. 7

173.3
172.2
171.0
170.3

78.2
79.0
78.0
76.1

251.5
251.2
249.0
246.4

54.4
51.7
53.3
53.1

22.6
19.0
21.4
19.8

211.0
200.6
208.3
211.5

1
8
15 P
*Z F

189.8
192.6
192.2
191.8

300.5
30 J. 8
301.7
295.7

171.8
175.9
174.7
171.7

77.8
80.6
79.6
78.3

249.6
256. 5
25<4. 3
250.0

53.3
52.8
53.9
50.7

21.9
19.2
19.8
20.6

212.5
213.4
212.1
210.4

CURRENCY OUTSIDE TUB U . S . THBASURY, FEDERAL RESERVE BANKS AID THE fAOLTS OF COHflEBCIAL BANKS,
E l CL ODES THE ESTIBATED
AMOUNT OF VAULT CASH HELD BI THRIFT INSTITUTIONS TO SERVICE THEIR OCJ> L I A B I L I T I E S .
, M l i . n »•
ftflinCMftlt
OUTSTAMUIMG AHOUMT OF U . S . DOLLAfc-DBMOBIHATKD IHAfELERS CHECKS OF HOIBAMK I S S U E R S . TBAfBtaBS CHECKS ISSUED BI DEPOSITORY
DKHAHUUDBPO3ITS£ATMCUHIIE4CIAL1)BAMKS OTHER THAU THOSK DUE TO DOHESTIC BAiKS, TUB U . S . G07BRBHEIT AMD *O«KXG1I »AII*S A110
OFFICIAL IMSTITOTIOHS, LESS CASH ITEflS IM XHK PROCESS Ot COLLECTION AND F . R , FLOAT, LESS THE ESTIMATED ABOONT OF DBBANO
DEPOSITS HELD AT COrtHSHCIAL BANRS BI THRIFT 1NSTITOTIONS TO SERVICE THEIR OCD L I A B I L I T I E S .
CONSISTS OF ¥OH AND ATS BALANCES AT '. JHHERCIAL BANKS, U . 3 . BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CONSISTS OF ?ION AND ATS BALANCES AT SAVINGS AND LOAH ASSOCIATIONS AND HUTUAL SAVINGS BANKS, CREDIT UBION SHARE
DRAFT iJALANCaS. AND DEMAND DEPOSITS AT THRIFTS."
•
- . « . « » . n c.«T.r««
SUH OF OVERNIGHT KPS AND EURODOLLARS, HONEY HARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), « « f S A « " " " « . AND SMALL TIHE DEPOSITS LESS THK KSTIHATED AflOUNT Ol' DEHAND DEPOSITS AND VAULT CASH HELD BI THRIFT INSTITUTION* TO SERVICE

7/

S u " S F T L A L L H T I H B V D K P O S I T S ? S T f i h i RPS^AND EOhODOLLiBS OF U. >. RESIDENTS, HONEY MARKET WHO BALANCES {INSTITUTION-ONLI), LESS A
CONSOLIDATION ADJUiJlfliSMT 111AT kfBPMttSENTS THK 6MLAAIKi> AHOJNT OF OVERNIGHT ^^£ AND EURODOLLARS HEJ.fr bt INSTITUTION-ONLT

8/

CONSiyTii OFfOVERNIGUT ANu'cONTl NUING CONTRACI hi>3 ISSUED BI COHMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
HUNEY HARKUT flUTMAL FUNUS (GLhtHkL PURPOSE AND bKOK£H/DfiAL12K) .
• r , f l - , r t l i e **n
l ^ U t U bl FCHBIUN a«ANCH£S Of U . S . dANKS VUdisl)*lD£ TO U. 3 . RESIDENTS OTHER TiUN DEPOSITORY INSTITUTIONS AND
MU.1EI KAhKET MUTUAL FHNP3 (GiiNtKAL PUhPOSE AND

9/




H 6 (508)
Table 5-contlnuad

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

Date

Money market deposit accounts
at
at
thrift
total
commercial
Institutions
banks

at
commercial
banks

Savings deposits
at
thrift
Institutions

total

Small denomination time deposits2
at
at
thrift
total
commercial
banks
Institutions

Large denomination time deposits'
at
at
commercial
total
thrift
banks4
institutions

349.2
356.0

182.4
18t>- 1

531.6
541.0

129.9
132.5

187.8
191.2

317.7
323.6

382.4
381.0

500.3
498.5

882.7
879.5

288.6
286.7

157.5
157.6

446.0
444.3

JULY
AUG.
SEPT.

359.8
364.3
368.9

18O.9
18*i.3
189.9

546.6
553.6
558.8

135.4
137.6
141.0

194.7
195.6
198.6

3 30.1
333.2
339.6

380.4
378.5
375.9

500.5
498.9
497.4

880.9
877.5
873.3

286.7
289.9
291.2

158.1
159.3
159.1

444.8
449.2
450.3

OCT.
NOV.
DEC.

372.6
375.9
379-0

191.9
192.8
192.4

564.4
568.7
571.4

146.4
150.J
15J.8

204.8
209.0
211.8

351.2
359.3
365.6

371.3
366.7
364.4

496.1
492.8
489.8

867.3
859.5
854.2

289.3
290.6
293.2

157.8
156.0
154.9

447.1
446.7
448.1

1987-JAM.
FEB.
HAB.

381.7
378.5
378.2

192.5
192.3
192.3

574.3
570.8
570.5

159.2
162.8
167.2

217.1
221.8
227.8

376.4
384.6
395.0

364.4
362.1
359.6

489.8
487.9
485.8

854.2
850.0
845.4

296.9
298.1
301.3

154.4
153.1
151.2

451.3
451.2
452.5

APfi.
HAY

375.4
368.8

190.1
188.3

565.5
557.1

172.1
174.9

233.9
237.7

406.0
412.5

355.6
355.6

484.4
483.2

839.9
838.8

303.2
309.2

148,0
149.e

451.2
458.2

1986-HAI
JUNE

WBBK BNDIHG
1987
HAY

18
25

369.0
368.6
369.0
368.7

173.2
174.5
174.8
175.3

354.7
354.9
355.5
356.0

305.8
307.9
308.4
311.3

1
8
15 P
22 P

369.1
369.8
369.2
366.3

175.6
176.8
176.7
176.6

356.8
358.3
359.3
359.9

311.2
311.9
312.7
312.1

4

11

JUNB

-

1/
2/
3/
4/

SA7IKGS DEPOSITS EXCLUDE 11HDAS.
?•••SHALL DBNOHINATION TIHE DEPOSITS — INCLUDING BSTAIL BPS — ABB THOSE ISSUED IV AHODNTS Off LBSS THAN $ 1 0 0 , 0 0 0 . ALL
INDIVIDUAL REITIHEHENT ACCOUNT? MBA) AStt KEOGH ACCOUBTS AT COSftEBCIAL BABKS ABD THRIFTS ABB SUBTBACT8D ?BOH SHALL
TIHfi L&POSlts;,
.
' . , . . •
.
LARGE DENOBINiTION TIHE'DEPOSITS AHE THOSE ISSUED IN AHOUBTS OF S I 0 0 , 0 0 0 OB 1OR8, BZCLUDIHG THOSE BOOKED AT INTBBNATIOHAL
dAN^ING FACILITIES ( I B F S ) .
LAQiE DENONINATIOB Tint, DEPOSITS AT COHHERCUL 3ANKS LESS THOSS HELD fit HONE* HARKBT NOTUAL tUHDS, DEPOSITOBY
INSTITUTIONS AND FOBEIGui BANKS ABD OFFICIAL INSTITUTIONS.




1s*ls 5-continuod

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Milton* of dollars, not ssssontlly adjusted
isrmRPs'

ton M3 Compononts of L
Snort '*fNrm
BonttOfS
sccsptsncos*
sacurttltt'

tostfttition
DSSS

oniy nvonsy
insftast funos

bonks

• t HirWt
wi iriT77i

Intel
ivtw

Ewodotlars'

bonds

CoiMponsntB of usbl
fVMninfr 1 • !
MUnnwIvW

pspsi 1

Fsdsrs4dsbt#

dobt

76.1
75.0

35.5
33.8

36.6
41.3

75.1

79.5
79.8

82.6
83.4

298.8
296.4

39.6
39.6

210.3
215.3

1660.7
1678.9

5399.9
5452.1

JULY
AUG.
SEPT.

77.5
80.8
84.4

33.2
34.0
JS.6

41.2
41.2
42.2

74.4
75.2
77.9

78.3
78.0
81.4

64.2
65.2
86.4

292.1
290.2
287.8

39.2
J7.9
37.4

215.3
219.0
223.1

1695,6
1713.3
1734.5

5505.5
5574.9
5642.5

OCT.
NOV.
DEC

84.5
64.4
84.1

34.3
36.9
34.9

43.7
45.5
47.1

78.0
82.4
82.0

78.0
78.7
62.4

87.8
89.9
91.9

283.9
291.1
292.3

38.0
38.0
37.4

228.7
227.9
228.7

1749.3
1774.5
1805.6

5698.1
5760.6
5630.4

198 7 - JAN.
FEB.
BAR.

64.0
84.7
84.9

33.4
34.5
33.9

47.8
50.4
51.0

81.2
84.9
64.9

84.7
88.1
89.2

92.7
93.5
94.3

290.3
291.5
279.7

37.8
36.9
J9.3

239.3
240.4
240.2

1617.2
1827.9
1839.1

5686.7
5910.4
5928.9

APR.
HAY

63.1
81.8

36.8
38.4

54.2
57.9

91.0
96.3

85.7
89.8

95.1

266.6

4G.5

243.6

1846.7

5974.4

1986-HAY
JUNE

74.1

NBEK ENDING:
1987-HAY

4

11
18
25
JUNE

1

8
15 P
22 P

1/
2/
3/
4/

1

5/
6/

••

81.6
81.3
81.1
82.7

38.0
36.1
38.2
3*. 3

62.0
61.6
81.0
81.1

38.J
36.0
37.7
37.8

i

TSAR EPS ARE THOSE BITS ORIGINAL MATURITIES GHKAT8H Til** 3VB D M , JUC10DIIG COHTIHOIIG COM TRACTS AID RETAIL I P S . I K L 0 D B S
A &LLATIVELT SHALL ABOUIT OF OTERHIGHT RPS AT THRIFT ItfSTITUTIOVS.
TE8H ^USOOOLLABS ARE THOSE WITH ORIGINAL HATURITIBS GRBAl'SR THAR OIE DAT. CONSISTS OP THOSE ISSUED TO U . S . RES ID BITS BI
FOREIGN BRANCHES OF U . S . BANKS RORLOVIDE AND 4 1 ALL BANKING OFFICES IN THE UNIIEO KINGOOH ANO CANADA. ElCLODES THOSE HELD
Bl DEPOSITORY INSTITUTIONS AND HONSI HARKBT HUTUAL FUNDS.
CONSISTS OF U . S . TkKASUttl BILLS AND COUPONS tflTH REMAINING HATURITIBS OF LESS THAN 1 2 HONTHS HELD Bl OTPEF THAN DEPOSITORI
INSTITUTIONS, F£D£hAL RbS&RVJS BANKS, fiONET HAiiKUiT MUTUAL SUriJS, AND FOREIGN ENTITIES.
NET Of BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, t i ^ £ I S N OFFICIAL INSTITUTIONS, THE FEDERAL
HUJIU LOAN BANK SYSTEt AND HONEY HABKKT HUTUAL FUNDS.
TOTAL COflREBCIAL PAP&5 LESS COHNERCIAL PAPER &ZLD BY HONEY HARKBT HUTUAL FUNDS.
DfittT DATA AP£ ON A MONTHLY AV£BAG£ BASIS, D^RiVhi) BY AVERAGING BND-OF-HONTH LEVELS OF ADJACENT HONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6(508)
Table 6

MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted
Demand deposits at banks doe ta

Time and
aavlngs
deposits

Date

gnji- lj-.fi

COfTtffWvwiw

banks

vvtviyn

official
Institutions

due to foreign
commercial
banks and

IRA and Keogn Accounta

U.S. government deposits
demand
deposits at
commercial
banks

balances at
Federal
Ha serve
Banks

TOfetyn ontciai

note balances
at commercial
banks
and thrift

total demand
deposits and
note and
FR balances

commercial
banks

thrift
institutions

money
market
mutual funds

total

banks

metttutions

institutions

time
and savings
<2eposlts at
commercial

9.1
9.4

1.7
1.7

4.4

3.0
3.5

4.8
2.9

18.7
12.6

26.5
19.0

1.6
1.7

70.2
70.6

93.7
94.7

10.1
10.1

174.Q
17 Si 4

9.7
9.5
9.9

1.9
1.7
1.8

4.2
4.2
4.2

3.6
3.0
3.6

3.8
3.2
5.6

13.2
8. 1
14.6

20.6
14.2
23.8

1.7
1.7
1.8

71.0
71.3
71.5

95.4
95.1
95.2

10.2
10.2
10.5

176.6
176.7
177.2

OCT.
MOV.
DKC.

10.0
9.7
9.9

1.9
2.0
1.8

4.2
4.1
4.1

3.4
3.4
3.7

3.4
3.2
3.7

11.8
11.9
15.5

18.6
18.4
22.9

1.8
1.7
1.7

71.*
72.1
72.8

95.6
95.6
96.2

10.8
10.7
10.7

178. 1
178.4
179.7

198 7 - JAR.

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

97.4
98.1
99.1

10.8
11.0
11.3

181.6
183.1
185.7

9.7
9.6

1.9
2.1

3.9
3.9

5.0
3.4

7.0
16.0

16.6
27.4

28.5
46.8

1.7
1.8

78.5
79.2

101.4
101. 6«

11. 6e
11. 7e

191.5e
192. 4e

9.5
10.0
9.0
9.5

2.2
2.3
2.0
1.9

3.9
3*8
3.8
3.9

4.9
3.2
3.7
3.0

23.3
21.5
16.8
13.2

26.9
27.2
27.6
27.7

55.1
51.9
48.1
43.9

1.7
1.8
1.8
US

9.9
9*5
9.6
9.1

2.1
2.0
2.0
2.2

3.9
3.9
3.9
3.9

3.1
3.2
4.8
3.7

7.2
4.1
2.5
12.1

27.2
17.6
15.2
26.4

37.4
24.9
22.5
42.1

1.S
1.8
1.8
1.8

1986-DAI
JUNE
JULY
AUG.
SEPT.

HAB.
IPH-

HAt

4.7

'

H2BK E I D I B G ;
1937
HAI

4

11
18
25
JUNfc

1

8
15 P
22 P




I I
i

i