Full text of H.6 Money Stock Measures : June 19, 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.£<508)
Table 1
J0N£

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

1**,

1986

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

Date

M2
M3
M2 plus
M1 plus overnight RPs
targe time deposits,
and Eurodollars,
MMMF balances (gen. pur. term RPs, term Eurodollars
and institution-only
and broker/dealer), MMDAs,
MMMF balances3
and savings and small
2
time deposits
Seasonally adjusted

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinanciai sectors"

1985—HAT
JUME
JULY
A0G.
SEPT*
OCT.
MOV.
DEC

562.5
590.9
596. 2
604.8
611.5
614.2
62O. 1
626.6

2452.0
2479.0
2496.1
2515.4
2529.5
2538.4
2550.8
2565.6

3069.9
3098.0
3113.3
3131.4
3151.5
3166.0
3180.9
3200. 1

3638.2
3667.4
3685.2
3713.1
3741.1
3762.3
3798.8
3636.8

6256.5
6320.2
6369.8
6460.3
6525.3
6592.0
6680.3
6609.8

1986—JAB.
/EB.
HAS.
APfi.
HAI P

O27.2
631.0
636.4
646. 1
656.6

2569.0
2576.6
2591.2
2620.9
2647.0

3222.8
3239.3
3259.1
3288.3
3306.6

3858.7
3878.3
3891.1

6914. 1
6964.5
7012*6
7069.5

Not seasonally adjusted
1985—BAY
JUME
JULY
AUG.
SEPT.
OCT.
MOV.
DSC

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

3063.9
3098.0
3110.8
3127.3
3145.0
3163.0
3184.3
3212.8

3626.6
3666.5
3684.6
3710.9
3736.8
3759.8
3801.5
3843.1

6231.9
6299.3
6370.3
6441.$
6509.9
6576.4
6667.1
6603.9

1986—JAM.
PS 8 .
HAS.
API,
HAY P

633.5
619.2
630.5
652.8
651.7

2577.7
2569.9
2593.2
2630.6
2638.0

32±Q-5
3231.3
3259.4
3294.6
3299.8

3863.9
3670.7
3895.3

6907.5
6945.2
6965.6
7040.9

M1
For period ended
13-week average
198t>~fiAY

JUNE

10TS:

5
12
19
26
2 P
9 P

Seasonally adjusted
4-week average

week average

13-week average

Not seasonally adjusted
4-week average

week average

640.0
641.9
644. 1
646.1

647.5
651.2
654.5
657.5

654.6
656.1
658.8
660.5

636.1
638.3
640.9
643.0

652.6
651.6
65U.J
650.7

65J.9
653.1
652.8
642.8

648.5
650.8

659.7
662.4

663.2
666.9

645.9
649.1

651.8

656.6
676.3

tt>7.6

SPECIAL CAUTXOI SHOULD BE TAJtSN III IHTEEPRETIHG g £ E K - X 0 - I £ U CHAHCES III ftOVSY SUPPLY DATA, ffHICB AfiS
HIGHLY VOLATILE ABD SUBJECT TO ££¥1510*1.
P—INDICATES P&ELiaUtAAI DATA*
FOOTHOTES APPEAK OM THE 2QLLOU1UG PAGE




H.6 (508)
Table 2

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

J HUMliiS FROM WEB.

1 9 8 b TO MAY

198b

b MONTHS FROM MOV.

1 9 8 5 TO HA If

198b

1^85

1986

1 2 MONTHS PROM HAI

TO HAY

M1

M2

17.5

10.9

1J. 1

M3
8.3

7.5

7.9

8.0

7.7

Debt 1

9.Q

14.5

THIRTEEN WEEKS ENDING JUNE 9 , 1 9 8 6
FROM THIRTEEN WEEKS ENDING:

1/

1/

2/

3/

4/
5/

HAM.

10,

1986

( 1 J tf£EKS PREVIOUS)

U.5

DISC.

9,

1985

(26

H££KS PHE7IO0S)

11.1

JUNE

10,

1985

(52

HEEKS PREVIOUS)

1 2 . i>

GROWTH RATES FOR DEBT ARE BASED OH PKHIODS BEGINNING AND ENDING OM£ MONTH EARLIER THAN FOM THE MONETARY AGGREGATES,
NAMELY, JANUARY 1986 10 APRIL 19bb, OCTOBER 1985 TO APRIL 1986, AMD APRIL 1985 TO APRIL 1986, RESPECTIVELY.
FOOTNOTES TO TABL£ 1
CONSISTS OF (1) CUfifiAUCY OUTSIDE THE TfiEASUHY, VlU&kkL ItESEKIE BANKS, AND THE fAOLTS OF COflHEHCIAL BANKS;
(2) TRAVELERS CHECKS O/ MONBANK ISSUhkS; (3) UUHAND DEPOSITS AT ALL COflHEECIAL BANKS OTdKtt TUAN THOSE D\}& TO
DOHBSTIC BANKS, THE U.S. GOVEfiNH£Ni# AND ¥Q&K±KU BANKS AND OFFICIAL INSTITUTIONS LESS CASH IT£i!S IN THE PROCESS
OF COLLECTION AND FEDERAL RES£RV£ FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDJS*
OF tflTHD&AHAL (NOI) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CREDIT UNION SHA&£ DRAFT ACCOUNTS AND DEMAND U&PuSliS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEHAND
DEPOSIT COflPONfcNTS &ILLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEHAND DEPOSITS, RESPECTIVELY, HELD BY
TtihIFT INSTITUTIONS TO SERVICE THiSIii OCD LIABILITIES.
CONSISTS OF H1 PLUS OV£RNxGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMERCIAL BANKS kUU OVERNIGHT EURODOLLARS
ISSUED 10 U.S. RESIDEN1S BY FOREIGN BUANCHES OF U.S. BANKS HORLDHIDE, HHDAS, SAVINGS AND SMALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL kPS—1U AMOUNTS OF LESS THAN $100,000), AND BALANCES JLU BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUNDS. EXCLUDES IRA AMD KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND HONEY MARKET FQUOS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMERCIAL
bANKS, MON£Y MARKET FUNDS (G£N£HAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT fLE9kESEMTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH tibLD BY THRIFT INSTITUTION* TO SERVICE THEIR TIME AND SAVIMGS DEPOSITS.
CONSISTS OF M2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OR MORE) AND TERM RP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, i.££H EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BRANCHES OF U.S. BANKS
UORLDUIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AMD TAX-EXEMPT
INSTITUTION-ONLY HONEY MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, MONEY
MARKS'! FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
TH£ ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS.
CONSISTS OF Mi PLUS TdE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL
PAPtifi AMD BANK£RS ACCEPTANCES, NET OF MONEY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS.
DEBT OF DOMESTIC NONF1NANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UU1TED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINADiCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE BONDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ARE DERIVED FROM THE FEt>£*AL RESERVE BOARD'S t'LOU OF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC
MONPINANCIAL SECTORS ARE PRESfcNXfcD IN MONTH-AVERAGE FORM, DERIVED BY AVERAGING MONTU-ENii LEVELS OF ADJACENT MONTHS. THE
DATA UAV£ ALSO BEEN ADJUSTED TO U4HOV£ STATISlICikL DISCONTINUITIES THAT HAY ARISE IN THE UNDERLYING FLOW OF FUNDS STATISTICS.
THi. PfalSxINTATION OF D£bl' DATA IN THIS RELEASE OllfgERS, TU£R£FOR£, FROM TH£ QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED
IN THE FEDERAL RESERVE kt.Lx.kSKS k.. 7 AND Z.I. LU THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE MEASURED ON
A UUART4R-EMD BASIS AND INCLUDE DISCONTINUITIES.




COMPONENTS OF THE MONEY STOCK
NOOtfSMMOHOfMI

O*M»
Cwiwicy'

TWJUIIH

Dtmvtf

cftooto*

dopottta*

ofwcfcabto
ctepo** 4

to Ml
mitt*

1

tortngo dopooioj7
at
oi
Hlftft
OONWROfdoJ
1
bwtks

total

i t l t H i i l nuimwi—Utom norm
SIVMN ttaito dopootts*
ot
tot*
banks

Uq o ttono dopooJfcv
at
•t
ooftwiofctal
totoJ
19
banks
Inotftuttono

16J.2
164.4

5.5
5.7

255.4
259.0

158.4
161.8

1869.5
1868.1

617.9
619.1 j

121.2
122.1

169.6
171.5

290.8
293-6

387.7
387.6

501.8
502.6

889.5
890.3

269.3
267.3

15S.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
1916.0

617.2
616.0
622.0

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
860.9
878.3

264.0
266.9
270.6

154.3
154.1
155.1

418.3
421.0
425.6

OCT.
NOV.
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

627.6
630.1
634.3

124.4
124.6
124.5

177.9
179.0
179.1

302.3
303.7
303.6

362.0
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

1986-JAB.
FSB.
BAH.

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

653.8
662.7
667.9

124.7
125.0
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

885.9
891.0
694.7

289.7
291.5
287.0

158.2
159.7
163.4

447.9
451.2
450.4

174.4
175.8

6.1
6.1

275.7
281.6

189.9
195.1

1974.9
1988.4

667.3
659.6

126.6
129.0

184.9
189.6

311.5
318.6

387.9
364.8

508.3
506.2

896.2
891.0

287.0
281.4

165.0
164.7

452.0
446. 1

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
129.9

386.5
385.7
384.9
383.9

176.3
176.5

284.1
285.9

196.8
198.4

129.8
134.4

383.1
382.0

1985-HAI
JUNE

APR.
HAT P
iBEK ENDING
1986
HAT

JUHK

1/
2/
3/

4/
5/
6/
7/
8/

9/
10/

5
12
19
26
2 P
9 P

-

283.9
262.4
261.5
260.2
279.1
279.4

CUBREMCI OUTSIDE THE U . S . THEASUBT, FEDERAL gfiSBBYg BABES AMD f AULTS OP COMMERCIAL BANKS.
EXCLUDES THE ESTIMATED
AMOUNT OF ?A0LT CASh HELD BT THRIFT IBSTITUTIOBS TO SERVICE THEIR OCD L I A B I L I T I E S .
OUTSTABDIBG AMOUNT OF U . S . DOLLAR-DBBOHIHATBD TRAVELERS CHECKS OF NONBABK ISSUEfiS. TflATEJuJas CHECKS ISSUED BT DEPOSITOR
IMSTlTUTIOaS ABE I I C L O D & D i n DEMAMD DEPOSITS.
DBS AID DEPOSITS AT COHflEfiCIAL BASKS AID rOBBlGI AgLATED IVSTITUTIOHS OTHER TBAJ THOSE DUE TO DOHESTIC BAIKS, THE 0 . S . G O I E I I HUIIT ABD rO«EIGi BAHKS AMD OFFICIAL IMSTITUTIOBS L£SS CASH ITEHS I B THE PBOCESS OF COLLECTION AMD FEOEttAL IESEBTB FLOAT.
&1CL0D&S THE ESTIHATiD ArtOUMT OF DiSHABD DEPOSITS HELD AT COHHKBC1AL BAMKS B I THfllFT IBSTITOTIOMS TO SEB7ICB THBIB OCD
LIABILITIES.
CONSISTS OF BOH ABD ATS BALAiCES AT ALL DBPOSITOil I I S T I T U T I O B S # CBBDIT OHIO! SHABB DRAFT BALAJCBS AHD
DBHAMD DEPOSITS AT THRIFT IMSTITOTIOBS.
OTBkLH CHECKABLE DEPOSITS SBASOBALLI ADJUSTED EgOALS THE DIF/EJIEMCB BBTBIBB THE
SEASONALLY ADJUSTED SOB OF DEHABD DEPOSITS PLUS OCD ABD SBASOMALLX ADJUSTED DEBAHD DEPOSITS.
SUH OF OfBBBIGHT EPS ABD 0?EhMIGHT EURODOLLARS, HOHKI MABKET FUND BALANCES (GENBBAL POBPOSE ABD BBOKBB/DBALBB) ,
HHDAS, ABD SAflBGS ABD SHALL TIHB DEPOSITS, L&SS THE CONSOLIDATION ADJUSTHBBT THAT RBPRISEHTS TH£ ESTIMATED AHODHT OF
DEHABD DEPOSITS ABD ¥AULT CASH HBLD BI THRIFT IBSTITUTIOMS TO SERflCE THEIR TIHB AHD SAVIBGS DEPOSITS L I A B I L I T I B S .
SUH OF LABG£ TXflfi DEPOSITS, TERfl BPS ABD TEBH EURODOLLARS OF U . S . RESIDENTS^ HOHET HARKBT FUND BALANCES (IMSTITUTIOBOBLT), LBSS A CONSOLIDATION ADJUSTMENT THAT aEPRHSBNTS THE ESTIBATED AHOUNT OF OfEBNIGHT RPS AND EURODOLLARS HBLD BT
INSTITUTIOB-GBLT HOHEY HAfiKET FUBDS.
SAVINGS DEPOSITS EXCLUDE AHDAS.
SHALL DEBOHINATION TI«B DEPOSITS—INCLUDING RETAIL RPS— ARE THOSE ISSUED IN AMOUNTS OF L&3S THAN J 1 O 0 , 0 0 0 . ALL
IMDIflDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGki ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SMALL
-TIME DEPOSITS.
LAKG* DSHOMINATION TIMS DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $ 1 0 0 , 0 0 0 OR MORE. EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LAfaGE DENOMINATION TIME DEPOSITS AT COHMERCJ '.* BANKS LESS THOS8 HELD BY HONEY MARKET MUTUAL FUNDS,
DEPOSITUHY INSTITUTIONS AND FUkEIGN BANKS a H j OFFICIAL INSTITUTIONS.




H 6 (508)
Table 4

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

Date

Debt components4
non-federal debt
federal debt

47.5
46.3
44.5

167.7
168.6
165.7

1423.4
1442.0
1459.3

4769.4
4814.5
406Q.9

JOLT
AUG.
SEP1.

76.7
77.2
78.0

279.9
278.1
281.3

43.7
43.6
43.2

171.6
182.9
187.2

14J9.5
1496.7
15U6.6

4910.3
4963*6
5018.$

OCT.
MOV.
DBC.

78.5
79.0
79.5

261.4
299.5
306. 7

43.9
43.1
41.1

192.5
196.4
209.5

1^18.0
1549.0
1586.3

5074.0
5131.2
5223.5

1986-JAB.

79.9
80.5
81.1

303.9
307.2
299.9

41.5
42.1
41.6

210.6
209.2
209.5

1608.0
1621.1
1628. 2

5306. 1
5343*5
53d4.4

1638.8

5430.6

APaU P

3/
4/

commercial paper1

Wo.O
277.4
282.6

flAfi.

2/

Non-M3 components of L
short-term treasury
bankers acceptances'
securities'

75.7
76.1
70.5

1985-APtt.
HA*
JUM2

1/

savings bonds

COISISTS OF 0 . 5 . TB£ASUtt* BILLS AMD COUPONS tfiia k£HAlMING AATUM1TI4S 02 L&SS THAN 12 BOIktUS tUXO i i l OtttfiB THAN DftPUSITOB*
IMSXITUXIOHS, r&D*iAL B£S£BV£ &AHKS, flONET AA^KKT flUXUAL FUKDS AMD FOJUIGi ^MXITISS.
MET OF BAMK2BS ACCEPTAiCES HELD BY ACC^PTINti bAMKS, /£D£BAL tt^SKfiVii BA«AS # FO££IGN OFFICIAi. I l i S U I U T I O M S . 1H£ FJBOEBAL
UOMS i.OAH BAIK 5KS7EII AHO HO II £ I flABK£? HUTUAL FOKDS.
TOTAL COflBSBCIAL PAP££ LESS COMflKBCXAX. PAP££ d£LD 8 1 flONKI HABKET fflJTUAJL FUVIXS.
OSAT DA3A ABS OH A flOVTBLX AV£BAG£ bkSiS.
D&kU&D Bt AV£HAGIIIG EMi^Oi'-flOMlH L£V£L^ OF Ai)JAC£MX AOHTH^. AND £ A ¥ £
TO kBflOfS DISCOUTI101TIBS.




H.6(308)
Table 5

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

Other checkable deposits

Date

Currency*

Demand
deposits 3

Travelers
checks 2

at commercial
banks 4

at thrift
institutions 9

total

in M2*

7

in M3 only

Overnight
RPs 8

General
purpose and
broker/dealer
money market
funds

Overnight
Eurodollars'

163.1
165.1

5.4
5.9

251.0
259.4

110.5
113.8

46.5
48.4

157. 0
162. 2

1867. 6
1888. 0

619.9
617.3

48.5
48.1

12.8
12.7

172-2
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
19Q8. 9
1911. 9

609.8
616.4
624.0

48.3
49.4
50.2

12.4
14.2
14.0

175.8
176.8
176.7

OCT.
HOV.
0£C

168.4
170.7
173.1

5.9

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

629.3
635.2
638.9

50.4
51.9
52.6

14.3
13.9
17.0

177-0
176.8
176.5

1986-JAR.
FEB.
BAR.

170.5
170.6
172,3

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

652.7
661.4
666.2

49.2
51.4
50.3

18.8
16.1
16.3

177.7
181.0
186.2

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. 7
1986. 2

664.2
661.8

49.5
49.7

17.5
16.8

191.4
193.4

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. 4

49.0
48.3
49.6
49.5

17.4
15.7
16.2
17.2

190.0
191.9
193.2
19 5.9

175.6
178.4

281.6
288.8

134.0
138.7

61.5
64.2

195. 4
203. 0

52.5
46.2

18.2
14.7

195.7
196.4

1985-HAI
JURE

APE.
RAY P

5.6

5.5
5.5

KEEK ENDING!
1986-HAX

JURE

5
12
19
26
2 P
9 P

i

V

I

CUBBEMCI ODTSIDE THE U.S. TBEASUBY, FEDERAL RESERVE BARKS AHD THE TA0LTS OF COBBEBCIAL BARKS. EXCLUDES THE ESTIBATED
AHOORT OF VAULT CASH HELD BI THB1FT INSTITUTIONS TO SEBVICE THEIB OCD LIABILITIES.
2/ OUTSTANDING AMOUNT OF U.S. DOLLAB-DENOBIHATBD TBAVELEBS CHECKS OF RONBANK ISSUEBS. TBAVELERS CHECKS ISSUED BY DEPOSITOBI
INSTITUTIONS ABE IRCLUDED IR DE8AHD DEPOSITS.
3/ DEBAMD DEPOSITS AT COflflEBCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVEBHHEHT AND fOREIG* BARKS AND
OFFICIAL IRSTITUTIONS, LESS CASH 1TBBS IN THE PBOCESS OF COLLECTION AND F.R. FLOAT, LESS THE ESTIBATED AHOUNT OF DEHAND
DEPOSITS HELD AT COflHEBCIAL BANKS BY THRIFT INSTITUTIONS TO SEB?ICE THEIfi OCD LIABILITIES.
CONSISTS OF MOW AND ATS BALANCES AT COHHEBCIAL BANKS, U.S. BBANCHES AND AGENCIES OF FORELGU BANKS, AND EDGE ACT
COBPO&ATIORS.
5/ CONSISTS OF HOW AND ATS BALARCES AT SAVIRGS ARD LOAM ASSOCIATIONS AID MUTUAL SAVIRGS BANKS, CBEDIT UNION SHABE
DRAFT BALANCES, AND DBflAND DEPOSITS AT THRIFTS.
6/ SUB OF OVEBNIGHT EPS AND EURODOLLARS, HONE* BASKET FUND BALANCES (GEMERkL PUBPOSB ARD BBO*EB/DBALEB), HHDAS ARD SAVIRGS
AHD SfiALL TIHE DEPOSITS LESS THE ESTIBATED ABOUNI OF DBflAND DEPOSITS AND fAULT CASH HELD tit THBIFT INSTITUTIONS TO SERVICE
THEIB TIBE AND SAVINGS DEPOSIT LIABILITIES.
7/ SUB OJ? LABGS TIHE DEPOSITS, TEBH RPS AND EURODOLLARS OF U.S. RESIDENTS, HOHBY HABKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT iiEPRKSEMTS THE ESTIBATED AHOUNT OF OVERSIGHT BPS AND EURODOLLARS HELD bl INSTITUTION-ONLY
8/ HONE* MARKET flUTUAL FUNDS.
CONSISTS OF OVERNIGHT ARD CORTIHUING CONTRACT RPS ISSUED BI COBBERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTION AND
9/ BONEY MARKET flUTUAL FUNDS (GENERAL PUHPOSE AND BROKER/DEALER).
ISSUED bX FOREIGN BRANCHES OF U.S. BANKS HORLDWIDE TO U.S. RESIDENTS OTHER THAW DEPOSITORY INSTITUTIONS AND
BONEY MARKET flUTUAL FUNDS (GENERAL PURPOSE LHD BKOKErt/DEALEii) .


M.6 (506)
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
total
thrift
commercial
institutions
banks

at
commercial
banks

Savings deposits
at
thrift
institutions

total

Small denomination time deposits2
at
at
thrift
commercial
total
institutions
banks

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

155.

JUNE

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

154. 9

423. 6
420. 4

JULX
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

^63.0
267.5
272.6

153. 1
153. 9
155. 1

416. 1
421. 4
427. 6

OCT.
NOV.
DEC.

324.3
329.2
332.4

179.8
1U0.3
179.6

504. 1
509. 5
512. 0

124.6
124.J
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

432. 6
435. 3
438. 7

1986-JAN.
FEB.
MAE.

336. 7
337.0
340.3

179.0
179.4
180.2

515. 7
516. 3
520. 5

123.9
123.6
124.9

178.8
179.1
181.6

302.7
302.7
306.5

386.5
387.1
387.2

502.6
504.6
504.6

889. 1
891. 7
891. 8

288.6
290.4
287.6

159. 0
160. 7
163. 2

447. 6
451. 0
450. 8

344.7
348.5

180.4
182.1

525.

127.2
129.5

185.8
190.4

313.0
320.0

384.4
382.3

505.4
502.3

889. 9
884. 6

283.5
280.7

164. 0
164. 2

447. 5
444. 9

1985-HAX

APR.
MAI P

298.4

1
5J0. 6

1

MEEK ENDING
1986
MAX

JUNE

1/
2/

5
12
19
26
2 P
9 P

344.5
346.4
348.9

350.4
352.1
354.6

128.1
129.0
129.6
130.4

383.4
382.8
362.2
381.7

280.6
280.6
280.8
281.4

130.6
131.8

381.2
380.9

279.7
278.5

SAVINGS DEPOSITS EXCLUDE MHDAS.
SHALL DENOMINATION Tlflii DEPOSITS ~ INCLUDING RETAIL BPS — ARE THOSE ISSUED IH AMOUNTS OF L&SS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGfl ACCOUNTS AT COHHSBCIAL BANKS AND THRIFTS ABB SUBTRACTED FROH SHALL
TIHiS DEPOSITS.
3/ LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OB MORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
NANKING FACILITIES (IBFS).
4/ LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD B* HONEX HABKET MUTUAL FUNDS, DEPOSITOR!
 INSTITUTIONS AND FOKEIGN tfANKS AND OFFICIAL INSTITUTIONS.


Table 5-coftt!mied

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Pillions of dollars, not seasonally adjusted
Term RPs'

Date

Institution
only fnoney
market funds

at coroiMSfcia)
banks

at thrift
institutions

total

Term
Eurodollars 2

Savings
bonds

Non M3 Components of I
Short-term
Bankets
treasury
securities*
acceptances4

Compof)9ntB of Debt

Commercial
paper*

Federal deot*

Non-Federtf®
debt

63.5
67.1

31.2
31.4

26.5
25.7

57.7
57. 1

81.4
79.2

76. 1
76.5

272.1
280.2

45.7
43.9

163.6
16/. 9

1443.8
1457.9

4786,1
4841.4

JULY
AUG.
SEPT.

65.0
63.6
62.3

29.8
30.4
30.9

25.9
26.7
27.i>

55.7
57.1
58.4

78.8
80.0
80.2

76.6
77. 1
78.0

280.6
281.2
282.0

43.5
44.3
43. 9

173. 1
181.0
id?. 8

1475.8
1495.8
1506.9

4894.5
4945*7
5003.0

OCT.
NOV.
DEC-

63.3

29.3
31.6

64.6

30.2
31.2
31.6

59.4
62.8
65.5

79.3
79. 1
77.0

78.5
79.0
79.6

281-1
295.7
303.9

43.8
43-3
42. 1

193.4
199.1
204.6

1515,6
1544.2
1583.7

5062.6
5122.9
5220.2

1986-JAN.

33.1
35.1
36.3

35.1
34.7
34.3

68.2
69.8
70.6

75.9
78.9
81.6

80.0
80.5
81. 1

303.6
308. 1
306.1

42.3
41.9
40.7

207.5

MAR.

67.3
67.7
70.2

1606.7
1621.0
1633.3

5300.8
5324«2
5352.3

APS.
BAY P

74.1
76.1

34.6
34.4

34. le
34. le

68. 7e
68. 4e

80.2
79.3

1644.6

5396.2

75.5
76.2
75.9
76.7

35.6
34.6
34.8
34.1

76.0
75.4

32.6
31.8

1985-MAY
JURE

207.9

WEEK EMDING:
1986-HAY

JUNE

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

5
12
19
26
2 P
9 P

TERM RPS ARE THOSE iflTH ORIGINAL MATURITIES GREATER THAN OMB DAI, EXCLUDING CONTINUING CONTRACTS AND RETAIL HPS. INCLUDES
A RELATIVELY SHALL AMOUNT OF OVERNIGHT fiPS AT THRIFT INSTITUTIONS.
TEMM EURODOLLARS ARE THOSE HITti GSIGiHAL HATOiUTUSS GBEATEK THAU OME DAI. CONSISTS OF THOSE ISSUED TO 0.S. fiESIDEMTS B¥
FOHEIGU BRANCHES OF 0.^. BAHKS iOKLUHIUE A»D BY ALL BA8KIHG OFFICES IN THE USITED KIMGDOH kUD CANADA. EXCLUDES THOSE HELD
BY DEPOSITOR* INSTITUTIONS AND HOMBY HARKET MUTUAL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AND COUPONS HITH HEBAINIJIG BATURITIES OF LESS THAN 12 MONTHS HELD BX OTHER THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, MONEY MARKET MUTUAL FUNDS, AND FOREIGN ENTITIES,
NET OY BANKERS ACCEPTANCES ki&LD BY ACCEPTING BANKS, FtDEBkL RESERYE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER tiULD BX MONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, D£Z±Vk.i> BY AVERAGING END-OF-MONTH 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

IRA tnd Keogh Accounts

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

time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

money
market
mutual funds

total

8.0
8.0

2.1

8.3

8.3

3.1
3.4

6.7

2.0

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

JULI
AUG.
SEPT.

8.1
7.8
8.1

1.9
2.0
2.1

8.3
8.2
8.2

3.1
2.8
J.4

4.0
3.0
4.3

20.0
10.6
13.4

27.0

1.2
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.
DiSC.

8.2
8.1

1.9

3.0
3.0
3.4

2.8
3.4

2.4
4.8

8.5

8.3
8.4
8.3

3.1

2.1
1.9

1.4

58.2
S8.7
59.2

79.0
79.5
80.9

8.4
8.4
8.3

145.7
146.6
148.4

1986-JAN.
FEB.
MA a .

8.8
8.3
8.4

2.0
1.9
1.8

8.0

3.6
3^2
3.3

10.5

7.8
7.6

8.7
8.8

1.9
1.8

7.5
7.4

4.2

3.7

3.1

8.9
8.5
8.8
8.7

1.8
1.7

4.4

1.7

7.5
7.5
7.4
7.4

2.7

9.1

1.9
1.8

7.3
7.3

2.9
3.3

1985-HAY
JO MS

APR.
BAT P
MEEK
1986
HAI

8.5

1.3
1.3
1.3

11.1

10.7
17.?

20.5
21.0
12.4

34.5
31.7
19.2

1.3
1.4
1.5

60.7
62.5
64.2

81.9
82.9
86.4

8.6
8.7
9.0

151.2
154.2
159.5

13.6
18.7

21.5
26.6

1.5
1.5

68.4
69.5

90. 1e
91. 5e

9.8

4.8

168.2e
170.9e

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

3.4

10.8

2.3

5.6

17.1
11.1

1.6
1.6

7.5
3.4

ENDING:

5

12
19
26
JUNE

16.4
21.1

2 P
9 P

estiaated



8.8

1.8

2.7
3.0

1.6

9.9e

SPECIAL SUPPLEMENTARY TABLE
Monthly Survey of Selected Deposits and Other Accounts
At All Insured Commercial Banks and All Mutual Savings Banks 1
April 30, 1986 and May 28, 1986

(not seasonally adjusted)

T
L i a b i l i t y Categories

Insured Commercial Banks

Amount Outst anding ($mil)
April 30
May 28

Average Rat e Paid (?)
Mav 28
April 30

NOW accounts 2

126,377

127,897

5.50

5.45

Honey market deposit accounts

344,518

352,094

6.13

Saving8 accounts*

128,096

130,626

5.44

Interest-bearing time deposits with
balances of l e s s than $100,000
with original Maturities of: 5
7 to 31 days
(standard error of the estimate)

April 30

suin* Banks j
May 28
|

13,541

13,480

6.03

13,175

13,038

5.43

13,124

13,230

5,40?.
(450)

5,418
(433)

6.26

6.16

8,613

8,784

32 to 91 days
(standard error of the estimate)

20,512
(887)

20,-529
(857)

6.28

6.27

12,845

12,824

92 to 182 days
(standard error of the estimate)

141,876
(2,049)

140,153
(1,985)

6.62

6.59

13,860

13,840

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

71,595
(1.502)

71,578
(1,479)

6.87

6.81

13,354

13,154

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

85,611
(1,787)

85,035
(1,810)

7.20

7.14

13,354

13,530

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

124,176
(1,822)

123,526
(1,835)

7.42

7.40

13,403

13,412

All IRA/Keogh Plan deposits 6
(standard error of the estimate)

69,345
(272)

69,605
(334)

N.A.

N.A.

13,334

13,396

Retail repurchase agreements'
(standard error of the estimate)

1,533
(234)

1,399
(217)

6.22

6.12

2,953

2,950

April 30

May 28

State-Chartered Mutiu 1 Savings Banks

Liability Categories
April 30
NOW accounts

2

Money market deposit accounts 3
Savings accounts

4

Interest-bearing time deposits with
balances of l e s s than $100,000
with original maturities of: 5
7 to 31 days
(standard error of the estimate)

Hay 28

April 30

May 28

4,024

4,157

5.53

5.51

339

340

30,320

30,530

6.36

6.30

348

328

26,363

27,068

5.52

5.50

340

341

177
(23)

156
(21)

5.84

6.14

104

102

32 to 91 days
(standard error of the estimate)

1,541
(306)

1,546
(308)

6.42

6.47

288

275

92 to 182 days
(standard error of the estimate)

19,459
(494)

19,212
(510)

6.96

6.83

325

323

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

12,969
(282)

12,831
(233)

7.26

7.10

338

337

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

12,842
(267)

12,741
(281)

7.56

7.40

327

326

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

21,046
(211)

21,045
(229)

7.85

7.72

344

342

All IRA and Keogh Plan deposits 6
(standard error of the estimate)

11,403
(244)

11,427
(250)

N.A.

N.A.

339

338

Retail repurchase agreements'
(standard error of the estimate)

92c
(41)

91
(51)

6.71

6.93

12 C

12

c—corrected
N.A. - Data not available.
1. Estimates are based on data collected by the Federal Reserve from a stratified random sample of about 550 banks
and 75 mutual savings hanks.
2. As of January 1, 1986 Interest rate ceilings were removed from a l l NOW accounts, leginning 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. Estimates for this cstegory are based on reports
of deposits. The NOW account rate i s reported as a simple annual rate.
3. Money market deposit accounts (MMDAs)—Deposits with no required minimum maturity but Institutions must reserve
the right to require at least seven 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 may be paid; such accounts may allow up to six transfers per month, no
more than three of which may be draft and may permit unlimited withdrawals by mall, messenger, or In person.
Estimates for this category are based on reports of deposits. The MMDA rate Is reported as a simple annual rate.
4. Savings deposits that, because of restrictions on transactions, do not meet the definition of an MMDA.
Estimates for this category are based on reports of deposits. The savings account rate i s reported as a
simple annual rate.
5. All Interest-bearing time certificates and open account time deposits with balances of l e s s 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 IRA/Keogh Plan time deposits regardless of s i c e , 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.