Full text of H.6 Money Stock Measures : July 3, 1986
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FEDERAL RESERVE statistical release These data are scheduled for release each Thursday at 4:30 p.m. H.6 (506) labto 1 MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES JULI 3 , 1986 Billions of dollars M1 M2 M1 plus overnight RPs and Eurodollars, Sum of currency, travlara checks Date demand deposits and other checkable deposits1 L M3 M2plus large time deposits, l i l i l l F halancM lamn our tami Dp* term FurariallArft t^nlll Hvvf lVvlii CUIUUOIleH9 and broker/dealer), MMDAs, and savings and small time deposits1 and institution-only MMMF balances' Debt I f 3 nlus ntrwtr n*ht nff rtrMTw»«tir liquid assets4 nonfinancial sectors5 Seasonally adjusted 1985—HA I JUMB JULI AUG. SEPT. OCT. *O¥. DSC. 582.5 590.9 596.2 604.8 611.$ 614.2 620. f 626.6 2452.0 2479.0 2496.1 2515.4 2529.5 2538.4 2550.8 2565.8 3069.3 3097.0 3112.1 3130.1 3150.2 3164.9 3180.2 3199.9 3637.1 3665.7 3683.2 3711.2 3739.2 3760.7 3798.2 3837.0 6256.5 6320.2 6389.8 6460.3 6525.3 6592.0 6680.3 6609.8 1986—JIB. fSB. flAfi. APR. 627.2 63 Up 638.4 646.1 658.6 2569.0 2576.6 2591.2 2620.8 2647.0 3222.9 3239.6 3259.5 3288.6 3307.2 3859.0 3877.2 3889.7 3915.4 6914.1 6964.5 7012.6 7069.5 HAI Not sawonalty adjusted 1985—flAI JO ME JULI AOG. SSPI. OCT. MOT. DEC 1986—J A I . FEB. API. HAI 576.5 592.7 599.6 602.0 609.1 612.2 621.7 639.9 2444.1 2480.7 2501-0 2510.9 2521.0 2533.7 2549.1 2573.9 3063.3 3097.0 3109.6 3126.1 3143.7 3161.9 3183.7 3212.6 3625.4 3664.8 3682.7 3708.9 3734.8 3758.3 3800.9 3843.2 6231.9 6299.3 6370.3 6441.5 6509.9 6578.4 6667.1 6803.9 633.5 619.2 630.$ 652.8 651.7 2577.7 2569.9 2593.2 2630.4 2638.0 3230.6 3231.6 3259.8 3295.1 3300.5 3864.2 3869.6 3893.8 3925.5 6907.$ 6945.2 6985.6 7040.9 Ml 1986-flAI J01B •OK: Not seasonally adjusted Seasonally adjusted For period ended 5 12 19 26 640.0 641.9 644.1 646.1 647.5 651.2 654.5 657.5 654.6 656. 1 658.9 660.6 636.1 638.3 640.9 643.1 652.6 651.6 650.3 e>50.7 653.9 653.1 652.8 642.9 2 9 16 P 23 P 648.5 650.8 653.0 655.1 659.7 662.4 664.7 666.2 663.1 666.9 668.2 666.4 645.9 649. 1 652.4 655.2 651.8 657.6 663.1 667.7 65*. 4 676.3 674.7 661.4 SPECIAL CA0TIO1 SMO0LD B£ IAIJU XV I 1 T U P U T I I 6 I1U*TO-IJUK C14I61S I I i O i l l 50PPi.f DktA0 • IXCII A&£ 1XGHLT I0LATXU AID SUBJECT TO I I f I SI OI. P— X1BXCATSS tUMLlBlMAUJ DATA. FOOTBOTtt APPXA1 Of TH1 FOLLOHXIC PAGE H.6 (508) Table 2 MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES Psrcent change at seasonally adjusted annual rates M1 M2 M3 Debt1 3 HONTHS FHOH PEB. 1986 TO HAY 1986 17.5 10.9 8.3 9.0 6 MONTHS FBOH HO?. 19ti5 TO HAY 1986 12.4 7.5 8.0 14.5 1985 TO HAY 1986 U.I 8.0 7.8 14.2 12 MOUTHS FBOH HAY THIBTEEM HEEKS ENDING JOME 23, 1986 FBOH THIBTBEN SEEKS EMDIMG: 1/ 1/ 2/ 3/ 4/ 5/ HAB. 24, 1986 (13 VEEKS PiLBflOOS) 15.0 DEC. 23* 1985 (26 VEEKS PBBYIOOS) 11.6 JOME 24, 1985 (52 VE£KS PBSVIOUS) 12.6 GROWTH BATES FOB DEBT ABE BASED Ol PSBIODS BEGINNING AND EMDIMG OME HOVTfl BABLXEB THAM FOB THE HOHETABY AGGREGATES, NAHELY, JANUABY 1986 TO APBIL 1986, OCTOfiEB 1985 TO APBXL 1986, AMD APHIL 1985 TO APRIL 1986, BBSPBCTIVBLY. FOOTNOTES TO TABLE 1 CONSISTS OF (1) C0BBENC1 OUTSIDE THE TBEASUBY, FEDERAL BESSBVS BANKS, ANA THE VAULTS OF COHHEBCIAL BANKS; (2) TBAYELSBS CBECKS OF MOMflAMK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMM1BCIAL BANKS OTHEB THAU THOSE DOE TO DOMESTIC BANKS, THE U.S. GOYEBNHENT, AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEHS IN THE PBOCESS OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHEB CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE OBDEB OF WITHDRAWAL (MOM) AND AUTOMATIC TBANSFEB SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS, CBEDIT UNION SHARE DRAFT ACCOUNTS AND DEflAMD DEPOSITS AT THBIFT INSTITUTIONS. THE CUBBENCY AND DEMAND DEPOSIT COHPONENTS EXCLUDE THE ESTIMATED AHODNT OF VAULT CASH AND DEMAND DEPOSITS, BESPKCTIYBLY, HELD BY THBIFT INSTITUTIONS TO SEBVICE THEIR OCD LIABILITIES. CONSISTS OF H1 PLUS OVSBNIGHT (AND CONTINUING CONTRACT) BPS ISSUED BY ALL COHHEBCIAL BANKS AND OVEBNIGHff BUBODOLLABS ISSUED TO U.S* BESIDENTS BY FOBEIGN BBANCHES OF U.S. BANKS WORLDMIDE, MMDAS, SAVINGS AND SHALL DEMOMIMATIOM TIHE DEPOSITS (TIHB DEPOSITS—INCLUDING BETAIL B P S — I N AHOUMTS OF LESS THAN $100,000), AND BALANCES XN BOTH TAXABLE AND TAX-EXEMPT GENEBAL PURPOSE AND BROKER/DEALER HONEY HABKST MUTUAL FUNDS. EXCLUDES IBA AND KEOGfl BALANCES AT DEPOSITOBY INSTITUTIONS AND MONEY HABKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COHMEBCIAL BANKS, HONEY HABKET tUUDS (GBNEBAL PURPOSE AND fiBOKEB/DSALEB), FOBEIGN GOVERNMENTS AND COHHEBCIAL BANKS, AND THE U.&. GOYEHMHENT. ALSO SUBTBACTSD IS A CONSOLIDATION ADJUSTHENT THAT BEPBESENTS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THBIFT INSTITUTIONS TO SEBVICE THEIR TIHE AND SAYINGS DEPOSITS. CONSISTS OF H2 PLUS LARGE DEMOMIMATIOM TIHE DEPOSITS (IN AHOUNTS OF 5100,000 OB MORE) AND IKRM BP LIABILITIES ISSUED BY COHHEBCIAL BANKS AND THRIFT INSTITUTIONS, TEBH EURODOLLARS HELD BY U.S. BESIDENTS AT FOBEIGN 4HAMCHES Oi 0.$. BANKS WORLDWIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOfl AND CANADA, AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT INSTITUTION-ONLY HONEY HABKET MUTUAL FUNDS, EXCLUDES AHOUNTS HELD BY DEPOSITOBY INSTITUTIONS, THE U.S. GOVBBNHEJT, HONEY HABKET FUNDS, AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTHENT THAT BBPBESENTS THE ESTIHATBD AHOUNT OF 01KBMIGHT BPS AND EURODOLLARS HELD BY INSTITUTION-ONLY HONEY HABKET MOtUAL fVUDS. CONSISTS OF MJ PLUS THE NONBANK POftLIC HOLDINGS OF U.S. SAVINGS BONDS, SHOBT-TKRM TBEASUBY SECURITIES, COMMERCIAL PAPSB AND BANKEBS ACCEPTANCES, NET OF HOMEY HABKET MUTUAL FUND HOLDINGS OF THESE ASSETS. DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CBEDIT MARKET DEBT OF THE UNITED STATES GOVBBMHEMT, STATE AND LOCAL GOVEBNHENTS AND PRIVATE NONFINANCIAL SECTOBS. PRIVATE DEBT CONSISTS OF CORPORATE BONDS, MORTGAGES, CONSUHEfi CREDIT (INCLUDING fiANK LOANS), OTHEB BANK LOAMS, COMMERCIAL PAPSB, BAMKEBS ACCEPTANCES AND OTHEB DEBT INSTBUHSNTS. THE DATA ABE DERIVED FBOH THE FKDEKAL RESERVE BOARD*S FLOH OF FUUDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC NOMFIMAMCIAL SECTORS ABE PRESENTED IN HOMTH-AVKRAGB FOBM, DERIVED fir AVERAGING HONTH-ENi) LEVELS OF ADJACENT HONTHS. THE DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT HAY ABISS IN THE UNDERLYING FLOH OF WUUDS STATISTICS. THE PBfcSENTATION OF DE&£ DATA IN THIS HELEkSE DIFFERS, THEREFORE, FBOH THE QUARTERLY FLOH OF POUDS STATISTICS CONTAINED IN THE FEDERAL RESERVE BELEASES Z. 7 AMD Z.I. IM THOSE RELEASES, PUBLISHED LEVSLS OF CBSDIT HABKET DEBT ABE HSASUBED ON A UUABTEfi-END 0ASIS AND XNCLUDE DISCONTINUITIES. He <x« COMPONENTS OF THE MONEY STOCK O i l t c f d nontranasctloos Itaros Oltar oa» Cynvney* of**** Damand atpotnt* cnackabto ospoafts4 oomaonsnts JnftfB anh/ . Bavtnoa dsposits at ! mm* If Will i Lan a tlma oapaaftts" SfTtaM tlfflS OaDOSltS^ at •t total at tfvtft total tanks tanks at t*rm tanks" Institutions at total 163.2 164.4 5.5 5.7 255.4 259.0 158.4 161.8 1869.5 1888.1 617.3 j 618.1 i2i.2 122.1 169.6 171.5 290.8 293.6 387.7 387.6 501.8 50.4.6 889.5 690.3 269*3 267.3 155.7 155.4 425.0 422.7 JOLT AUG. 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 1918.0 616.0 j 122.9 614.8 | 123.7 620.7 i 124.0 173.8 176.0 176.3 296.7 299.7 300.3 386.7 383.4 382.7 501.3 497.5 495.6 888.0 880.9 878.3 264.0 266.9 270.6 154.3 154.1 155.1 416.3 421.0 425.6 OCT. not. DBC. 168.7 169.8 170.6 5.9 5.9 5.9 266.0 267.8 271.5 173.7 176.7 178.6 1924.2 19J0.6 1939.2 626.5 629.4 634.1 124.4 124.8 124.5 177.9 179.0 179.1 302.3 303.7 303.6 382.0 382.2 384.1 493.7 493.7 496.2 875.7 676.0 880.3 273.9 276.7 279.1 155.9 156.3 157-3 429.7 432.9 436.5 1986-JAN. FB8. HAR. 171.9 172.9 173.9 5.9 5.9 6.1 268.9 269.2 273.2 180.5 183.1 185.2 1941.8 1945.6 1952.8 6*3.9 663.0 668.3 124.7 12S.0 125.7 179.3 179.9 181.2 304.0 304.9 306.9 386.6 388.1 389.0 499.4 502.9 505.7 665.9 891.0 894.7 289.7 291.5 287.1 158.2 159.7 163.4 447.9 451.2 450.4 APB. HAI 174.4 175.8 6.1 6.1 275.7 281.6 189.9 195.1 1974.7 1988.5 667.8 660.2 126.6 128.9 184.9 189.7 311.5 318.6 387.9 384.8 508.2 506.4 896.2 691.2 287.0 281.4 165.0 164.8 452.0 446.2 1985-HAY JUNE BBBK B i D I I G 1986 BAY JUNE 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 5 12 19 26 175.3 175.5 175.7 176.2 280.6 280.1 281*9 281.6 192.6 194.4 195.1 196.6 127.6 128.4 129.0 129.8 386.5 385.6 384.9 383.9 > 283.9 282.4 281.5 280.1 2 9 16 P 23 P 176.3 176.5 176.8 176.8 284.1 285.9 286.0 284.5 196.6 198.4 199.4 199.0 129.7 130.4 130.7 131.1 383.0 382.0 381.7 381.4 279.1 279.4 281.5 282.0 CUBBKBCY OUTSIDE TBB U . S . TREASURY, FEDERAL UESEM^E BABKS AMD fAOLTS Of COflBERCIAL BABAS. BICLVDBS THE BSTIflATEO AflOUBT OF VAULT CASB HELD BI THRIFT INSTITUTIONS TO SERVICE TttEIR OCD L I A B I L I T I E S . OUTSTABDIBG ABOOBT OF U . S . DOLLAR-DENOMINATED TRAfBLERS CHECKS OF 10IBAUK I S S U E R S . TRAfELERS CHECKS ISSUED BT DEPOSITOR! INSTITUTIONS ARE INCLUDED I B DEBABD DEPOSITS. DEHABD DEPOSITS AT COBBERCIAL BABKS ABD FOREIGN BELATED INSTITUTIONS OTHER THAI THOSE DOB TO DOMESTIC BANKS, THE OLS. GOIBRNBEHT ABD FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITBUS I N THE PROCESS OF COLLECTION AND FEDERAL RBSBRTB FLOAT. EXCLUDES THE ESTIMATED ABOONT OF DEflAND DEPOSITS HELD AT COBBERCIAL BANKS BX THRIFT INSTITUTIONS TO SXR11CR THEIB OCD LIABILITIES. CONSISTS OF NOB AMD ATS BALANCES AT ALL DEPOSITOBT INSTITUTIONS, CBBDIT UNION SHARE DRAFT BALANCES AND DEBAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLI ADJUSTED EQUALS THE DIFFERENCE BETBBBN TBB SEASONALLY ADJUSTED SUB OF DEMAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEflAND DEPOSITS. SOB OF OfERNIGHT RPS AND OVERNIGHT EURODOLLARS, HUME I MARKET FUND BALANCES (GENERAL PURPOSE AND BROKBR/DBALJUt) , HMDAS, ABD SAflNGS ABD SBkLL TIHE DEPOSITS, LESS THE CONSOLIDATION ADJUSTHENT THAT BEPRHSEBTS THE ESTIMATED AMOOM* OF DEMAND DEPOSITS ABD fAULT CASH HELD BY THRIFT INSTITUTIONS TO S B B f l C B THEIR TIHE ABD SAVINGS DEPOSITS L I A B I L I T I E S . SUM OF LABGB TIHE DEPOSITS, TERM RPS AND TERB EURODOLLARS OF U . S . RESIDENTS* MONEY MARKET FUND BALANCES (INSTITUTIONOMLI), LESS A CONSOLIDATION ADJUSTHENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OfEBNIGHT BPS AND EURODOLLARS HELD BY INSTITUTION-ONLY HOMEY MARKET FUNDS. SAVINGS DEPOSITS EICLODB HHDAS. SMALL DENOMINATION TIHE DEPOSITS—INCLUDING RETAIL E P S * - ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $ 1 0 0 , 0 0 0 . ALL INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND K£OGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARB SUBTRACTED FROM SJJALL TIRE DEPOSITS. LARGE DENOMINATION TIME DEPOSITS ARB THOSE ISSUED IN AMOUNTS OF $ 1 0 0 , 0 0 0 OR MORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL BANKING FACILITIES. LARGE DENOMINATION TIHE DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY HONBI HARKBT MUTUAL FUNDS, DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. H .6 (506) Table 4 COMPONENTS OF LIQUID ASSETS AND DEBT Billions of dollars, seasonally adjusted Date savings bonds Non-M3 components of L bankers acceptances 2 short-term treasury securities1 commercial paper 1 Debt components 4 federal debt non-federal debt 75.7 76.1 76.5 275.6 27o.8 47.5 46.3 *4.5 167.7 168.6 165.7 1423.4 1442.0 1459.3 4769.4 4814.5 4*4»0.9 JULY AUG. SEPT. 76.7 77.2 78.0 279.2 277.3 260.6 43.7 43.6 43.2 171.6 182.9 187.2 1479.5 1496.7 1506. p 4910.3 4963.6 5018.8 OCT. MOV, DJ3C. 78.5 79.0 79.5 «*d0.9 299.5 307.1 43.9 43.1 41.1 192.5 196.4 209.5 1518.Q 1549.0 1546.3 5074.0 5131.2 5223.5 1*tf6-JAN. a An. 79.9 80.5 81.1 304.1 30:>.9 29B. 0 41.5 42.1 41.6 210.6 209.2 209.5 loOd. 0 1621.1 1628.2 5306.1 534.3.5 5384.4 APE. P 81.8 301.Q 41.0 203.0 1638.8 5430.6 X*35-APR. «AY JUN£ CONSISTS OF U . S . THEASUkX BILLS AND COUPONS HITti BRAINING fl AT UNITIES OF LhSS THAU 12 flONtttS HELP tit OTaJSH TttAM D&POSITOKI IL6TITUTI0MS, FSDSBAL RZSEUVll BkMKS, HOUEI &ktH£T HUTUAL FUNDS AND FOHKIGM KWTITIfiS. >•<•;> OF BkHKE&S ACC£PTAVC£S HKLD BY ACCKPTIKG *AU&St F£D£i^AL *£S£fty£ BANKS, FG&&1GU OFFICIAL INSXITOTIONS, Ttt£ F£D£fiAL hOH£ LOAN BANK SYST£H AND H0NJ2Y AAfiKET H0TUAL tVHDSTOTIL COflHEfiCIAL PAP£fi L&SS COHSEfiClAL PAP EH a t Li) o l flGULX HAKK£T HUT UAL FUNDS. UhBT DATA Afi£ ON A HONTULY AVKMAGK BASIS, DtdtVLD HX AVERAGING £JU>-OF-BONXU LEVELS OF ADJACiiNY HONTMS, AND WAV* *££N ADJUST£D TO &£flOV£ DISCONTINUITIES, H.6 (508) Table 5 COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT Billions of dollars, not seasonally adjusted Other checkable deposits Date Currency1 Travelers checks 2 Demand deposits3 at commercial banks4 at thrift institutions8 Nontransactions components total inM2* in M3 only7 Overnight RPs^ Overnight Eurodollars9 General purpose and broker/dealer money market funds 163.1 165.1 5.4 5.9 251.0 259.4 110.5 113.9 46.5 48.4 157.0 162.2 1867.6 1888.0 619.3 616.3 48.5 48.1 12.8 U.7 172.2 175,4 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. 90?. DEC. 168.4 170.7 173.1 5.9 5.6 5.5 265.6 269.0 281.3 119.8 122.6 125.9 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. 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 1944.2 1950.7 1962.8 652.9 661.6 666.6 49.2 51.« 50.1 18.8 16.1 16.3 177.7 181.0 186.2 APR. HAY 173.6 175.8 5.8 5.9 278.6 276.7 134.8 132.8 59.9 60.6 194.7 193.4 1977.6 1986.3 664.6 562.5 49.5 49.6 17.4 16.7 191.4 193.4 1985-tUI JUNE SEEK ENDING: 1986-HAY JO ME 5 12 19 26 174.9 176.1 175.6 175.8 279.7 277.2 278.4 269.6 132.6 133.0 132.7 131.9 61.0 61.0 60.3 59.6 193.6 194.0 192.9 191.5 49.0 48.3 49.6 49.5 17*2 15.5 16.1 17.1 190.0 191.9 193.2 195.9 2 9 16 P 23 P 175.6 178.4 177.7 177.0 281.5 288.8 288.8 280.4 134.0 138.7 138.0 135.2 61.3 64.3 63.9 62.3 195.3 203.0 201.9 197.5 52.4 46.1 46.6 46.9 18.1 14.6 14.3 15.4 195.7 196.4 198.3 199.1 /. 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ CUBRBNCY OUTSIDE THE U.S. TREAS0BI, FEDERAL UES&&1B BANKS AMD THE fAOLTS OP COMMERCIAL BANKS. EXCLUDES TUB ESTIMATED AHODNT OF VAULT CASH BELD BI THBIFI INSTITUTIONS TO SERVICE THEIR OCO LIABILITIES. OUTSTANDING AHOUNT OF U.S. DOLiAB-DBNOHIHATBD THATELERS CHBCKS OF NOBBANK ISSUERS. TRAVELERS CHECKS ISSUED BX DEPOSITORI INSTITUTIONS ABE INCLUDED IN DBBAND DEPOSITS. DEMAND DEPOSITS AT COHHERCIAL BANKS OTHER TUAN THOSE DOB TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS, LESS CASH ITBHS IN IBB PBOCESS Of COLLECTION AND F.B. FLOAT, LESS THE BSIIHATBD AHOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE TUSIB OCD LIABILITIES. CONSISTS OF NOB AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOBEIGN BkHKS0 AND EDGE ACT COBPONATIONS. CONSISTS OF NOH AND ATS BALANCES At SAVINGS. AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CBBDIT UNION SHARE DRAFT BALANCES, AND DEHAID DEPOSITS AT THRIFTS. SUB OF OVERNIGHT EPS AND BUBODOLLABS, HONEY MARKET FUND BALANCES (GENERAL PUBPOSB AND BROKER/DEALER), MM DAS AND SAVINGS AND SHALL TIHB DEPOSITS LESS THE ESTIMATED AHOUNT OF DEHAND DEPOSITS AND VAULT CASH HELD BX THRIFT INSTITUTIONS TO SEBVICE THEIR TIRE AND SAVINGS DEPOSIT LIABILITIES. SUH OF LARGE TIHE DEPOSITS, TEBH BPS AND EUBODOLLAHS OF U.S. BESIDENTS, HONEI HABKET FUND BALANCES (INSTITUTION-ONLT), LESS A CONSOLIDATION ADJUSTHENT THAI BEPBESENTS THE ESTIflATED AHOUNT OF OVERNIGHT KPS AND EUBODOLLABS HELD BX INSTITUTION-ONLI HONEY MARKET MUTUAL F0HDS. CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT UPS ISSUED BI COHHEBCIAL BANKS TO OTHER THAN DEPOSITOR! INSTITUTIONS AND HONEY HABKET MUTUAL FUNDS (GENERAL PURPOSE AND bHOKER/DEALEH). ISSUED BY FOREIGN BRANCHES OF U.S. BANKS BORLDHIDE TO U^S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE ANU BROKER/DEALER). H.6 (508) Table 5-continued COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT Billions of dollars, not seasonally adjusted Date Money market deposit accounts at at thrift total commercial institutions banks at commercial banks Savings depositsi at thrift institutions total Small denomination time deposits2 at at thrift total commercial institutions banks Large denomination time deposits9 at at thrift commercial total 4 banks institutions 298.4 307.5 168.0 170.6 466.4 478.1 121.8 123.2 170.4 172.2 292.2 295.4 385.2 386.5 498.2 499.9 883.5 886.3 268.5 265.5 155.1 154.9 423.6 420.4 JULY AUG. SEPT. 313.2 317.9 321.3 174.0 177.3 178.5 487.2 495.2 499.8 124.4 124.0 123.7 174.6 174.9 175.4 298.9 298.9 299.1 386.5 385.3 385.1 500.6 497.1 495.4 887.1 882.5 880.5 263.0 267.5 272.6 153.1 153.9 155.1 416.1 421.4 427.6 OCT. MOV. DEC. 324.3 329.2 332.4 179.8 180.3 179*6 504.1 509.5 512.0 124.6 124.3 123.5 178.3 179.0 178.3 302.9 303.3 301.8 384.8 384.2 384.8 496.5 496.4 497.6 881.3 880.7 882.5 276.3 278.2 280.9 156.2 157.1 157.8 432.6 435.3 438.7 1986-JAN. FEB. BAB. 336.7 337.0 340.3 179.0 179.4 180.2 515.7 516.3 520.5 123.9 12J.6 124.9 178.8 179.1 181.6 302.7 302.7 306.5 386.5 387.1 387.2 502.6 504.6 504.6 889.1 891.7 891.8 288.6 290.4 287.6 159.0 160.7 163.2 447.6 451.0 450.8 APE. 344.7 348.5 180.4 182.1 525.1 530.6 127.2 129.5 185.6 190.5 313.0 320.0 384.4 382.2 505.4 502.5 869.9 684.7 283.5 280.7 164.0 164.3 447.5 445.0 1985-11 <U JUNE nil WEEK ENDING 1986 HAT JOSE 1/ 2/ 3/ 4/ 5 12 19 26 344.5 346.4 348.9 350.4 128.1 129.0 129.6 130.1 383.4 382.8 382.2 381.6 280.6 280.6 280.8 281.4 2 9 16 P 23 P 352.2 354.7 355.8 354.8 130.5 131.8 132.1 132.2 381.2 380.9 380.6 380.2 279.7 278.5 279.2 278.9 SAYINGS DEPOSITS EXCLUDE flHDAS. SHALL DENOMINATION TIHE DEPOSITS — INCLUDING BKTAIL RPS ~ ABE THOSE ISSUED IN AMOUNTS OF L&SS THAN $100,000. ALL INDIVIDUAL BETIBfcHENT ACCOUNTS (IBA) AND KJ50GH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ABE SUBTRACTED FROM SHALL TIME DEPOSITS. LARGE DENOMINATION TIMS DEPOSITS ABB THOSE ISSUED IN AMOUNTS OF $100,000 ORflOfiE,EXCLUDING THOSE BOOKED AT INTERNATIONAL BANKING FACILITIES (LUFS). LABGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY HONEY MARKET MUTUAL FUND5, DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. H.6(506) Table 5-continued COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT Billions of dollars, not •••tonally adjusted TermRPs1 Date Institution only money market funds at commercial banks at thrift institutions total Term Eurodollars1 Savings bonds Non M3 Components of L Short-term treasury Bankers acceptances4 securities' Commercial paper* Components of Debt Federal debt9 Non-Federal* debt 63.5 67.1 31.2 2b. ^ 3L« 25.7 57.7 57.1 80.$ 78.2 76.1 76.5 271.6 279.6 45.7 43.9 168.8 167.9 1443.8 1457.9 4841.4 JULI AUG. S£PT. 65.0 63*6 62.3 29.8 30.4 30.9 25.9 26.7 27.5 55.7 57.1 58.4 77.6 78.8 78.9 76.6 77.1 78.0 279.9 280.4 281.3 43.5 44.3 43.9 173.1 181.0 187.8 1475.8 1495.8 1506.9 4894.5 4945.7 5003.0 OCT. MOV* DEC 63.3 64.5 64.6 30.2 31.2 31.6 29.3 31.6 33.9 59.4 62.8 65.5 78.2 78.4 76.7 78.5 79.0 79.6 280.7 295.7 304.3 43.8 43.3 42.1 193.4 199.1 204.6 1515.6 1544.2 1583.7 5062.8 5122.9 5220.2 1 9 8 6 - JAM. FEB. MAR. 67.3 67.7 70.2 33.1 35.1 36.3 35.1 34.7 J4.3 68.2 69.8 70.6 76.0 79.2 81.9 80.0 80.5 81.1 303.8 306.8 304.2 42.3 41.9 40.7 207.5 20*- 8 207.9 1606.7 1621.0 1633.3 5300.8 5J24.2 5352.3 APR. HAY 74.1 76.1 34.6 34.3 34. 1e 34. 1« 68. 7« 68.4c 80.7 79.9 81.8 303.6 39.9 205.2 1644.6 5396.2 5 12 19 26 75.5 76.2 75.9 76.7 35.6 34.6 34.8 34.1 2 9 16 P 23 P 76.0 75.4 75.1 74.7 32.6 31.8 32.5 33.3 1985-MAY JONS 4788.1 MBB& BNDINGS 1986-HAI JO MB 1/ 2/ 3/ 4/ 5/ 6/ TEAR BPS ARE THOSE ilTfl ORIGINAL HAT0RITIES GREATEB THAN OM£ DAI, EXCLUDING CONTIMOIMG CONTRACTS AND RETAIL RPS. INCLUDES A RELATIVELX SHALL AHOOMT OF OfERKIGHT RPS AT THRIFT INSTITUTIONS. TKRfl EURODOLLARS ARE THOSE WITH ORIGINAL 1IATURIT1BS GREATER THAN ONE DAY. CONSISTS OP THOSE ISSUED TO U.S. RESIDENTS BI FOREIGN BRANCHES OF U.S. BANKS NORLDUIDE AND bY ALL BANKING OFFICES IN THE UNITED KIIGDOA AND CANADA. EXCLUDES THOSE HELD 6T DEPOSITOR! INSTITUTIONS AND SOUEl MARKET HUT0AL FUNDS. CONSISTS OF U.S. TREASURI BILLS AND COUPONS WITH RSHAINING flATURITIES OF LESS THAN 12 HONTHS HELD BI OTHER THAN DEPOSITORY INSTITUTIONS, FEUEBkL RESERVE BANKS, HONE! HAKK£T MUTUAL FUNDS, AND FOREIGN ENTITIES. NET OF BANKERS ACCEPTANCES HELD BI ACCEPTING BANKS, FEDERAL RESERfE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LOAN BANK SISTEB AND HONET MARKET MUTUAL FUNDS. TOTAL COflflERCIAL PAPER LESS COfiflERCIAL PAPER HELD BX HONEY MARKET MUTUAL FUHDSm DEbT DATA ABE ON A MONTHLY AVERAGE BASIS, D£fcIV£D BI AVERAGING END-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN TO RKMOVE DISCONTINUITIES. H.6(508) Table 6 MEMORANDUM ITEMS Billions of dollars, not seasonally adjusted Demand deposits at banks due to IRA and Keogh Accounts 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 time and savings deposits at commercial banks foreign commercial banks foreign official institutions 8.0 8.0 2.1 2.0 8.3 8.3 3.1 3.4 6.7 2.8 17.8 11.4 27.6 17.7 1.2 1.2 55,1 55.9 71.9 73.4 8.6 8.4 135.6 137.7 JDLI AUG. SEPT. 8.1 7.8 8.1 1.9 2.0 2.1 8.3 8.2 Q.2 3.1 2.8 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 7tt. 1 8.5 8.4 8.3 140.4 142.6 144.3 OCT. KOV. DEC 8.3 8.1 8.5 1.9 2.1 1.9 8.3 8. 4 8.3 3.0 3.0 3.4 3.1 2.9 3.4 2.4 4.6 11-1 8.5 10.7 17.9 1.3 1.3 1.4 58.2 58.7 59.2 79.0 79.5 80.9 8.4 8.4 8.3 145.7 146.6 148.4 1986-JAM. FEB. BAR. 8.8 8.3 8.4 2.0 1.9 1.6 8.0 7.8 7.6 J.6 3.2 3.3 10.5 7.5 3.4 20.5 21.0 12.4 34.5 31.7 19.2 1.3 1.4 1.4 60.7 b2.S 64.2 81.9 82.9 86.4 8.6 8.7 9,0 151.2 154.2 159.5 APR. HAY 8.7 8.8 1.9 1.8 7.5 7.4 4.2 3.0 3.7 4.8 13.6 18.7 21.5 26.5 1.5 1.5 68.4 69.5 90.1 91.2 9.8 9.9e 168.2 170.6e 5 12 19 26 8.9 8.5 8.8 8.7 11.8 11.7 1.8 1.7 7.5 7.5 7.4 7.4 4.4 2.7 3.0 2.7 9.0 5.0 3.8 3.4 23.7 23.7 19.4 15.3 37.2 31.4 26.2 21.5 1.5 1.5 1.5 1.6 2 9 16 P 23 P 9.1 8.7 8.6 8.9 11.9 7.3 7.3 7.3 7.3 2.3 3.2 4.7 3.5 3.4 2.3 2.6 3.8 10.8 3.7 2.7 14.2 17.2 9.2 9.9 21.4 11.6 Date 1985-HAI JUME HEEK BUDIHG: 1986 flAT JUIE estimated 11-8 11.7 1.9 1.6 1.7 1.7 commercial banks thrift institutions money market mutual funds total