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FEDERAL RESERVE statistical release
These data are scheduled for release each Thursday at 4:30 p.m.

/ H . 6 (508)
Table 1

JULY

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

31,

1986

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

Date

M2
M1 plus overnight RPs
and Eurodollars,
MMMF balances (gen. pur.
and broker/dealer), MMDAs,
and savings and small
time deposits 2

M3
M2 plus
large time deposits,
term RPs, term Eurodollars
and institution-only
MMMF balances3

L

Debt

M3 plus other
liquid assets 4

Debt of domestic
nonfinancial sectors' 1

Seasonally adjusted

1985—JO ME
JULY
AUG.

SEPT,
OCT.
NO?.
DEC
1986—JAM,
FEB.
MAIL
APR.

HAY
JUNE

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
31&0.2
3199.9

3665.7
3663.2
3711.2
3739.2
3760.7
3798.2
3837.0

6320.2
63d9.ti
6460.3
6525.3
6592.0
6680.3
6809.8

627.2
631. Q
638.4
646.1
656.7
666.7

2569.0
2576.6
2591.1
2620.9
2647.9
2668.9

3222.9
3239.6
3260.2
3289.1
3304.5
3322.5

3859.0
3877.2
3890.5
3913.2
3944.5

6913.8
6963.9
7012.3
7069.4
7129.5

Not seasonally adjusted

1985—JDNE
JULY
AUG.

SEPT.
OCT.
NOV.

DEC
1936—JAM.
FEB.
HAfi.
APE.
HA I
JUNE

592.7
599.$
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

3661,8
3682.7
3708.9
3734.8
3758.3
3800.9
3QH3.2

6299.3
6370.3
6441.5
6509.9
6578.4
6667.2
6803.9

633.5

2577.7

619.2
630.5
652.9

2569.9
2593.2
2630.5
2638.9
2671.1

3230.6
3231.5
3260.6
3295.6
3297.7
3323.3

3864.2
3869.6
3894.6
3923*3
3931.1

6907.2
6944.5
6985.2
7040.8
7103.8

651.8
669.1

M1
For period ended
13-week average

1986-JUME

JULY

NOTE:

Seasonally adjusted
4-week average

week average

13-week average

Not seasonally adjusted
4-week average

week average

2
9
16
23
30

448.6
650.8
6S3.1
655.2
657.2

659.8
662.5
664.9
666.3
667.2

663.2
667.1
668.5
666.5
666.7

645.9
649.2
652.5
655.3
657.9

651.9
657.7
663.3
667.9
669.1

658.5
676.5
675.0
661.4
663.5

7
14 P
21 P

659.4
661.8
664.3

669.0

674.1
673.3
677.7

660.4
662.6
664.2

672.8
675.5
679.8

691.2
685.8
678.6

670.2
673.0

SPECIAL CAUTION SHOULD &£ TAKEN IN INTERPRETING HEEK-TQ-1UK C1ANGSS IN HONEY SUPPLY DATA, MHICfl ABE
HIGHLY VOLATILE AND SUBJECT TO REVISION.
P—INDICATES PRELIfllNARY 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
M1

M2

12,0

M3

7.6

Debt1

3 MONTHS FfiOH MAR.

1986 TO JUNE

1986

17,7

6 MONTHS FBOH DEC.

1985 TO JUNE

1986

12-8

8- 0

7.7

13-4

1986

12.8

7.7

7.3

14.0

12 MONTHS FBOfl JUNE

1985 TO JUNE

9.5

THIRTEEN WEEKS ENDING JULY 2 1 , 1986
FROM THIBTEJBN VEZtS ENDING;

1/

2/

3/

5/

APR.

2 1 , 1986 ( 1 3 WEEKS PBBVIOUS)

17.7

JAM.

2 0 , 1985 (26 HEEKS PREVIOUS)

13.1

JULY

22,

u.o

1985 (52 iEEKS PREVIOUS)

GROWTH BATES FOR DEBT ABE BASED OM PEBIODS BEGINNING AND ENDING ONE MONTH EABLIEB THAN FOB THE MONETARY AGGREGATES,
NAMELY, FEBRUARY 1986 TO BAY 1986, NOVEflBEfi 1985 TO HAY 1986, AND MAY 1985 TO HAY 1986, RESPECTIVELY.
FOOTNOTES TO TABLE 1
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL BESEBVE BANKS, AND TBS VAULTS OF COMMERCIAL BANKS;
(2) TBATELEBS CHECKS OF HOHBAVK ISSUEBS; (3) DEMAND DEPOSITS AT ALL COSflEBCIAL BANKS OTHEH THAN THOSE DUE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEflS III THE PROCESS
OF COLLECTION AND FEDEBAL RESKB1E FLOAT; AID (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER
OF WITHDRAWAL (NOH) AND AUTOMATIC TBANSFSB SERVICE (ATS) ACCOUNTS AT DEPOSITOR! INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CUBBENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, BESPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF A1 PLUS OVERNIGHT (AND CONTINUING CONTRACT) BPS ISSUED BY ALL COMMEBCIAL BkU&S AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE, HMSAS, SAVINGS AMD SMALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL BPS—IN AMOUNTS OF LESS THAN $100,000), AND BALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AMD BROKER/DEALER MONEY MARKET MUTUAL FUNDS. EXCLUDES IRA AND KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND MONEI MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMERCIAL
BANKS, MONEY MARKET FUNDS (GEVERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE CLS. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AMD 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 OB MORE) AND TERM RP LIABILITIES ISSUED
BY COMMERCIAL BARKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY IS. S. RESIDENTS AT FOREIGN BRAJTCHES OF U.S. BkUKS
WORLDWIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT
INSTXTOTION-OMLY MONEY 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 REPRESS"""
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS UELD BY INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS.
CONSISTS OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHOBT-TERM TREASURY SECURITIES, COMMERCIAL
PAPER AND BkMMiERS 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 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 ABE DERIVED FROM THE FEDERAL RESERVE BOARD'S FLOW OF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC
NONFINANCIAL SECTORS ARK 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 JJIfFBHS, THEREFORE, FROM THE QUARTERLY FLOW OF ^UHUS STATISTICS CONTAINED
IN THE FEDERAL RESERVE RELEASES Z.7 AND Z. 1. IN THOSE RELEASES, PUBLISHED LEVEIS OF CfiEDIT MARKET DEBT ARE MEASURED ON
A QUARTER-END BIS1S AND INCLUDE DISCONTINUITIES.




H.6<9O0|

COMPONENTS OF THE MONEY STOCK
mmom of dollar*, seaaonsHy a d M * d
Nontraneacttons
components
In M3
tall*
only*

CfieCkS^

deposits'

Othsr
checkable
deposits4

164.4

5.7

259.0

161.8

1888.1

618.1

JULI
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
614.8
620.7

OCT.
NOT.
DEC.

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
1930.6
1939.2

626.5
629.4
634.1

1986-JAN.
FEB.
HAS.

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

APS.
HAT
JUNE

174.4
175.8
176.6

6.1
6.1
6.2

275.7
281.6
284.9

189.9
195.1
199.0

1974.8
1989.3
2002.2

Date

1985-JUNB

Cvnwicy1

t

Strings deposits7
at
at
Mai
commercial
Inf Ift
banks
Institutions
122.1
171.5
293.6

Selected nontransactlons Items
Small time deposits1
st
at
total
ITWTM
banks
Inetltwttone
387.6
bO2.6
890.3

LenM time depoenV
at
at
total
commercial
tnn»l
19
banks
matitutions
267.3
155.4
422-7

122.9
123.7
124.0

173.8
176.0
176.3

296.7
299.7
300.3

386.7
383.4
382.7

501.3
497.5
495.6

888.0
880.9
878.3

264.0
266.9
270.6

154.3
154. 1
155. 1

418.3
421-0
425.6

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

653.9
663.0
669.1

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

668.2
656.6
653.6

126.6
129.0
130.9

184.8
189.5
194.1

311.4
318.5
325.0

388.0
384.9
381.8

508.2
506.3
504.1

896.2
891.2
885.9

287.0
281.4
280.8

165.0
164.9
164.6

452.1
446.3
44 5.4

i
.
;

WEB* ENDING
1986
JUNE

JOLT

1/
2/
3/

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

2
9
16
23
30

176.3
176.5
176.8
176.8
176.7

264.1
286.0
286.1
284.4
283.9

196.7
198.5
199.4
199.0
199.8

129.8
130.4
130.8
131.3
131.3

383.2
382.2
381.8
381.6
381.1

7
14 P
21 P

177.1
177.0
177.5

288.6
287.3
289.3

202.1
202.7
204.7

132.4
132.6
133.9

381.7
381.0
379.9

•

279. 1
279.5
28 1.5
282.0
281.2
280.6
279.9
280.9

CURRBNCT OUTSIDE THE 0.S. TREASURT, FEDERAL RBSERVB BANKS AND IA0JJS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AHOUNT OF IA0LT CASB HELD BT THRIFT INSTITUTIONS TO SEBflCE THEIB OCD LIABILITIES.
OUTSTANDING AHOUNT OF U.S. DOLLAR-DENOHINATBD TRAVELERS CHECKS OF NONBANK ISSUERS. TRATSLERS CHECKS ISSUED BI DEPOSITORT
INSTITUTIONS ABE UCLODED II DEflABD DEPOSITS.
DEMAND DEPOSITS AT COHHBRCIAL BANKS AMD FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE O. S. GOVERNBENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITBUS IN THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT.
EICLUDJBS THE BSTIHATED ABO0NT OF DBHAND DEPOSITS HELD AT COHHBRCIAL BANKS BT THRIFT INSTITUTIONS TO SBRIICE THEIR OCD
LIABILITIES.
CONSISTS OF HOB AND ATS BALANCES AT ALL DEPOSITORT INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND
DBSAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLT ADJUSTED EQUALS THE DIFFERENCE BETWEEN THE
SBASONALLT ADJUSTED SUH OF DBHAND DEPOSITS PLUS OCD AND SEASONALLT ADJUSTED DEMAND DEPOSITS.
SUH OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, HONET HARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALEB) ,
HHDAS # ANO SAVINGS AND SHALL TIHE DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE BSTIHATED AHOUNT OF
DEMAND DEPOSITS AND VAULT CASH HELD BT THRIFT INSTITUTIONS TO SERVICE THEIR TIHE AND SAVINGS DEPOSITS LIABILITIES.
SUH OF LARGB TIBE DEPOSITS, TERB RPS AND TBRH EURODOLLARS OF IS. S, RESIDENTS, HONET HARKET FUND BALANCES (INSTITUTIONONLT), LESS A CONSOLIDATION ADJUSTHENT THAT RBPRBSENTS THE BSTIHATBD AHOUHT OF OVERNIGHT RPS AND EURODOLLARS HELD BT
INSTITOTIOR-ORLT HONET HARKET YUWDS.
SAVINGS DEPOSITS EXCLUDE HflDAS.
SHALL DENOHXNATION TIHfi DEPOSITS—INCLUDING RETAIL R P S — ABB THOSE ISSUED IB AHOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOtiH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS AHE SUaTKACTED FROM SMALL
TIHE DEPOSITS.
LAEGB DENOMINATION TIHB DEPOSITS ARE THOSE ISSUED IN AHOUMTS OF $100,000* OR HORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BARKING FACILITIES.
LARGB DENOMINATION TIHE DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BT ftONET MARKET MUTUAL FUHDS.
DEPOSITORT INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.

10/



H.6 (508)
Table 4

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

Date

2/
3/
4/

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

Debt components^
commercial paper3

federal debt

non-federal debt

76,1
76.5

281.9

to. 3
44.5

168.6
165.7

1442.0
1459.3

4814.5
4860.^

JULY
AUG.
SEPT*

76-7
77.2
78.0

279.2
277.3
280.6

43.7
43.6
43.2

171.6
182.9
187.2

1479.5
1496.7
1506. 6

4910.3
4963.6
5018.8

OCT.
MOV.
DEC.

78.5
79.0
79.5

280.9
299.5
307.1

43.9
43.1
41.1

192.5
196.4
209.5

1518.0
1549.0
1586.3

5074.0
5131.3
5223.5

1986-JAN.

304. 1
JOS. 9
296.0

42.1
41.6

210.6
209.2
209.5

1608.0
1621.1

MAft.

79-9
80.5
61.1

5305.8
5342.0
5384.1

APS.
MAY

81.8
82.6

298.3
310.6

41.0
40.1

203.0
206.7

1638.8
1656.2

5430.6
5473. 3

1985-MAY
JUNE

1/

savings bonds

CONSISTS OF U . S . TRJSASUfil BILLS
AMD COUPONS UXTU REMAINING MATURITIES OF LESS THAN 1 2 MONTHS HELD Bt OTHER THAN DEPOSITORY
I N S T I T U T I O N S , FEDERAL HESERVE B A M S , MONEY MARKET MUTUAL FUNDS ADD FOREIGN E N T I T I E S .
MBT OF BAMKEHS ACCEPTANCES HELD Bl ACCEPTING BkUKS,
F£i)£MAL &JSSEEVE BANKS, FOfi£IGN O F F I C I A I . I N S T I T U T I O N S , THE FEDERAL
HOflE LOAN BANK SYSTEM AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPEfi L E S S COMMERCIAL PAPEii &XLD Bl MONET MARKET MUTUAL FUNDS.
DfeBT DATA ABE ON A MONTHLY AYEbAGE B A S I S , DERIVED BY AVERAGING END-OF-MONTH L&V&LS OF ADJACENT MONTHS, AND HAYE BEEN
ADJUSTED TO REMOVE D I S C O N T I N U I T I E S .




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

Currency1

Travelers
checks2

Demand
deposits3

at commercial
banks4

at thrift
institutions9

in M2e

total

in M3 only'

Overnight
RPs8

Overnight
Eurodollars9

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

17 5.4

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

17 5.8
176.8
176.7

OCT.
NOV.
DEC

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
6J8-7

50.4
51.9
52.6

14.3
13.9
17.0

177.0
176.8
176.5

1986-JAIL
FEB.
MAR.

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
1962.7

652.9
661.7
667.4

49.2
51.4
50.1

18.8
16.1
16.3

177.7
181.0
186.2

APRMAI
JUNE

173.6
175.8
177.4

5.8
5.9
6-5

278.7
276.7
285.6

134.8
132.8
136.6

59.9
60.5
63.0

194.7
193.4
199.6

1977.6
1987.1
2002.0

665.1
658.8
652.2

49.5
49.5
47.0

17.4
17.6
17.0

191.4
193.4
197.7

1985-JOIS

WEEK ENDING:
1986-JUMB

JULI

9
16
23
30

175.6
178.4
177.7
177.0
176.8

281.6
288.9
288.9
280.3
283.7

134.0
138.7
138.1
135.3
134.5

61.3
64.3
63.8
62.2
61.7

195.3
203.0
201.9
197.5
196.2

52.1
45.9
46.4
46.5
47.7

19.7
16.0
15.7
16.8
18.8

195.7
196.U
198.3
199.1
197.7

7
14 P
21 P

180.8
179.6
179.0

297.2
294.0
289.4

140.3
139.9
138.7

65.9
65.3
64.4

206.2
205.2
203.1

48.2
51.0
52.4

16.2
17.6
18.9

197.4
199.5
201.2

2

•

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

C0R1BHCI OUTSIDE TBS U.S. TREASURY, FEDERAL RESERVE BANKS AHO THE VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OF YAULT CASH HELD BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NOMBANK ISSUERS^ TRAVELERS CHECKS ISSUED BI DEPOSITOR!
INSTITUTIONS ARE INCLUD2D IN DEMAND DEPOSITS.
DEB AMD DEPOSITS AT COHBERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN TBS PROCESS OF COLLECTION AND F.R. FLOAT, LESS THE ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF N08 AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN akHIHS0 AND EDGE ACT
CORPORATIONS.
CONSISTS OF NOV AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS.
SUM OF OVERNIGHT RPS AND EURODOLLARS, NONET MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), HMDAS AND SAVINGS
AND SMALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BI THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AMD SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, NONET MARKET FUND BALANCES (IHSTITUTION-ONLT) , LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT Of OVERNIGHT RPS AND EURODOLLARS HELD BT INSTITUTION-ONLI
MONET MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BT COMMERCIAL BANKS TO OTHER THAN DEPOSITORT INSTITUTIONS AND
MONEI MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
ISSUED BT FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORT INSTITUTIONS AND
MONET MARKET MUTUAL FUNDS (GENEHAL PURPOSE AND 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
comrpercial
thrift
total
banks
institutions

deposits *
at
thrift
institutions

<Savings
at
commercial
banks

total

Small (denomination time deposits2
at
at
total
thrift
commercia
institutions
banks

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

307.5

170.6

478.1

123.2

172.2

295.4

386.5

499.9

886.3

265.5

154.9

420.4

JDLI
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
38S.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.
NO?.
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
J84.2
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.
FSB.
HAH.

336.7
337.0
340.4

179.0
179.4
180.2

515.7
516.3
520.5

123.9
123.6
124.*

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

2B8.6
290.4
287.7

159.0
160.7
163.2

447.6
451.0
450.8

APH.

344.8
348.6
355.2

180.4
182.2
185.2

525.2
530.8
540.4

127.2
129.5
132.2

185.7
190.3
194.8

312.9
319.9
327.0

384.5
382.4
380.7

505.4
502.4
501.2

889.9
884.7
881.9

283.6
260. 7
279.1

164.1
164.4
164.1

447.6
445.1
443.2

1985-JOME

SAX

JONE
BEER ENDING
1986
J0M2

2
9
16
23
30

JDLI 7
1* P
21 P

1/
2/
3/
4/

352.4
354.9
356.0
355.0
355.4

130.6
131.9
132.2
132.3
132.5

381.3
381.1
380.7
380.4
380.3

279.7
278.6
279.3
278.9
279.9

357.5
359.0
359.1

134.6
134. a
135.6

380.6
380.3
379.8

278.7
278.0
280.0

SAfliGS DEPOSITS EXCLUDE HHDAS.
SHALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL RPS — ABE THuSfi ISSUED IN AMOUNTS OF LRSS THAN $100,000. ALL
INDIVIDUAL HETIBEHEMT ACCOUNTS (IKA) AND KEOGH ACCOUNTS AT COflflEBCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SHALL
TIHE DEPOSITS.
LARGE DENOMINATION TIHE DEPOSITS AfiE THOSE ISSUED IN AMOUNTS OF $100,000 OB HGBE. EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (I8FS).
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL WANKS LESS THOS-tf HELD BY MONEY MARKET MUTUAL FUNDS, DEPOSITORY
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (506)
Table 5-contlnued

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
Eurodollars1

Savings
bonds

Non M3 Components of L
Short-term
Bankers
treasury
acceptances4
securities3

Components of Debt
Commercial
paper*

Federal debt 9

Non-Federal*
debt

67.1

31.4

25.7

57.1

78.2

76.5

279.6

43.9

167.9

1457.9

4841.4

JULI
AUG.
SEPT.

65.0
63*6
62.3

29.$
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.
NOV.
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
5123.0
5220.2

1986- JAM.
FEB.

67.3
67.7
70.2

33.1
35.1
36.3

35.1
34.7
34.3

68.2
69.8
70.6

76.0
79.2
82.7

80.0
80.5
81. 1

303.8
306.8
304.3

42.3
41.9
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
33.6
31.3

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

68. 7e
67. 7e
65. 2e

81.0
78.3
77.6

81.6
82.6

300.9
304.2

39.9
J9.6

205.2
207.0

1644.6
1660.6

5396.1
5443.2

2
9
16
23
30

76.0
75.4
75.1
74.7
74.3

31.2
30.4
31.1
31.9

7
14 P
21 P

75.4
75.8
78.5

30.2
30.4
29.7

19B5-JUNE

HA a.

APR.
HAT

Jans
WEEK ENDING!
1986-JUNE

JOLI

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

3%mQ

TERM EPS ARE THOSE KITH ORIGINAL MATURITIES GREATER THAN OME DAI, EXCLUDING CONTINUING CONTRACTS AND BETAIL RPS. INCLUDES
A RELATIVELY SHALL AMOUNT OF OVERSIGHT RPS AT THRIFT INSTITUTIONS.
TEBJI EURODOLLARS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAI. CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS 81
FOREIGN BRANCHES OF O.S. BANKS 8ORLDMIDE AND bl ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BI DEPOSITORY INSTITUTIONS AND HONBY HARK2T MUTUAL FUNDS.
CONSISTS OF U.S. TREASURI BILLS AND COUPONS WITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BI OTHER THAN DEPOSITORY
INSTITUTIONS, FEDERAL BESEftVE BANKS, MONEY MARKET MUTUAL FVVDS0 AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BI ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BI MONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BkSlS9 DERIVED BI AVERAGING END-OF-MONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEU
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

total demand
deposits and
note and
FR balances

IRA and Keogh Accounts
time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

money
market
mutual funds

total

8.0

2.0

8.3

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
2.8
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
78.1

8.5
8.4
8^3

140.4
142.6
144.3

OCT.
HOT.
DEC

8.2
8.1
8.5

1.9
2.1
1.9

8.3
8.4
8.3

3-Q
3-0
3.4

3. 1
2.8
3.4

2.4
4.8
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
6.3

145.7
146.6
146*4

1966-JAIL
FEB.
ttAJU

8.6
8.3
8.4

2.0
1.9
1.8

6.0
7.8
7.6

3.6
3.2
3.3

10.5
7.5
3.4

20.5
21.0
12.4

34.5
31.7
19.2

11.3

1.4
1.4

60.7
62.5
64.2

81.9
82.9
66.4

8.6
8.7
9.0

151,2
154,2
159.5

6.7
8.6
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

13.6
18.7
12.6

21.5
26.5
18.9

1.5
1.5
1.7

68.4
69.5
70.1

90.1
91.2
91.8e

9.8
9.9e
9.7e

168.2
170.6e
171.6e

2
9
16
23
30

9.1
8.7
8.6
8-9
9.0

1.9
1.6
1.7
1.9
.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.$
3.6
2.6

10.8
4.3
18.6
22.5

17.2
11.1
11.5
25.9
27.8

1.6
1.6
1.7
1.7
1.7

7
14 P
21 P

9.Q
9.4
9.0

2.1
2.1
1.9

7.2
7.2
7.2

5.7
2.6
3.9

3^9
3.7
3.9

12.4
11.6
13.1

21.9
17.9
20.9

1.6
1.6
1.6

1985-JOIE

APE.
HAI
JO ME
WEEK

1986
JUHfi

JOLT

KHDING:

estimated



5.6