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

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H.6 (508)
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

JUNE 20, 1991

\Billions of dollars
Date

M1 J

M2*

M3 J

DEBT

Seasonally adjusted
1989-JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

774.3
779.3
779.9
781.8
787.9
788.9
793.6

3105.0
3129.4
3147.3
3162.8
3183.0
3203.4
3223.1

3982.8
4004.9
4012
4018
4027
4041
4055

4783.4
4807.4
4826.1
4834.5
4851.7
4869.4
4889.9

9457.9
9506.9
9570.7
9629.1
9689.0
9751.7
9790.4

1990-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

795.4
801.1
804.7
807.7
807.5
811.5
810.7
816.5
821.8
821.2
823.3
825.4

3233.6
3255.0
3269.6
3279.9
3282.8
3290.6
3295.4
3309.5
3321.5
3324.3
3323.5
3327.6

4061.4
4073.1
4077.2
4082.7
4082.7
4085.8
4089.2
4103.3
4109.0
4109.3
4108.8
4111.7

4895.3
4902.9
4914.6
4920.5
4903.2
4922.8
4926.8
4935.4
4957.4
4955.6
4956.8
4958.8

9833.8
9897.1
9969.5
10026.6
10070.4
10128.4
10188.7
10257.3
10312.4
10349.5
10399.5
10436.1

1991-JAN.
FEB.
MAR.
APR.
MAY p

826.7
836.4
843.0
842.2
851.9

3331.0
3354.3
3375.0
3382.9
3396.1

4124.6
4160.4
4168.7
4170.0
4173.0

4977.1
5010.0
5013.3
4976.0 p

10467.8
10525.9
10563.9
10578.8 p

Not seasonally adjusted
1989-JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

773.9
781.9
777.8
778.9
784.5
791.4
811.9

3099.5
3133.2
3147.6
3158.1
3180.8
3206.7
3236.6

3978.4
4006.8
4016.6
4016.8
4025.2
4048.4
4067.0

4777.1
4800.3
4823.7
4833.5
4848.8
4874.9
4907.4

9414.0
9460.2
9516.6
9578.3
9648.5
9719.2
9775.9

1990-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

802.4
788.3
796.2
818.0
797.3
810.8
812.9
814.5
818.9
817,6
826.1
844.3

3244.5
3245.6
3267.7
3292.8
3262.8
3284.1
3298.6
3310.2
3316.8
3321.6
3327.1
3341.6

4067.8
4061.5
4075.8
4090.8
4064.3
4080.8
4091.4
4108.3
4107.2
4106.4
4115.9
4123.8

4911.5
4893.9
4912.2
4930.3
4888.6
4914.1
4919.2
4933.5
4956.0
4951.4
4961.5
4977.2

9822.2
9864.3
9925.6
9980.8
10024.1
10084.6
10145.5
10208.2
10263.1
10310.0
10370.0
10423.3

1991-JAN.
FEB.
MAR.
APR.
MAY p

833.2
823.4
835.0
852.9
841.8

3341.3
3345.1
3374.2
3396.4
3375.5

4130.7
4148.5
4168.1
4179.2
4154.2

4993.0
5000.5
5011.4
4987.3 p

10455.7
10490.8
10518.6
10534.2 p

Footnotes appear on the following page,
p—indicates preliminary data.




H.6 ( 5 0 8 )
Table 2

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

Ml

M2

M3

Debt 1

7.4

5.0

1.2

4.2

1991

6.9

4.4

3.1

4.4

1991

5.5

3.5

2.2

5.5

7.8

5.5

3.1

3 Months from FEB. 1991 TO MAY

1991

6 Months from NOV. 1990 TO MAY
12 Months from MAY

1990 to MAY

Thirteen weeks ending JUNE 10, 1991
from thirteen weeks ending:

MAR. 11> 1991 (13 weeks previous)
DEC. 10> 1990 (26 weeks previous)

6.1

3.9

3.0

JUNE 11, 1990 (52 weeks previous)

5.0

3.3

2.2

1.

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely,
January 1991 to April 1991, October 1990 to April 1991, and April 1990 to April 1991, respectively.

1.

Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions>
(2) travelers checks of nonbank issuers> (3) demand deposits at all commercial banks other than those due to depository
institutions, the U.S. government, and foreign banks and official institutions, less cash items in the process of collection
and Federal Reserve float* and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (N0N) and
automatic transfer service (ATS) accounts at depository institutions, credit union snare draft accounts and demand deposits
at thrift institutions. Seasonally adiusted Ml is calculated by summing currency, travelers checks, demand deposits, and
OCDs, each seasonally adjusted separately.
Consists of Ml plus overnight (and continuing contract) RPs issued by all depository institutions and overnight Eurodollars
issued to U.S. residents by foreign branches of U.S. banks worldwide, money market deposit accounts (MMDAs ), savings and
small-denomination time deposits I time deposits — including retail RPs--in amounts of less than $100,000), and balances
in both taxable and tax-exempt general purpose and broker/dealer money market mutual funds. Excludes individual retirement
account (IRA) and Keogh balances at depository institutions and money market funds. Also excludes all balances held by
U.S. commercial banks, money market funds (general purpose and broker/dealer), foreign governments and commercial banks,
and the U.S. government. Seasonally adjusted M2 is computed by adjusting its non-Mi component as a whole and then
adding this result to seasonally adjusted Ml.
Consists of M2 plus large-denomination time deposits (in amounts of $100,000 or more) and term RP liabilities issued
by all depository institutions, term Eurodollars held by U.S. residents at foreign branches of U.S. banks worldwide
and at all banking offices in the United Kingdom and Canada, and balances in both taxable and tax-exempt institution-only
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 the estimated amount of overnight RPs and Eurodollars
held by institution-only money market mutual funds. Seasonally adjusted M3 is obtained by adjusting its non-M2 component as
a whole and then adding this result to seasonally adjusted M2.
Consists of M3 plus the nonbank public holdings of U.S. savings bonds, short-term Treasury securities, commercial paper
and bankers acceptances, net of money market mutual fund holdings of these assets.
Debt of domestic nonfinancial sectors consists of outstanding credit market debt of the U.S. 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 are derived from the Federal Reserve Board's flow of funds accounts. All data on debt of domestic nonfinancial
sectors are presented in month-averaqe form, derived by averaging adjacent month-end levels. These data have also
been adjusted to remove statistical discontinuities that may arise in the underlying flow of funds statistics. The
presentation of debt data in this release differs, therefore, from the quarterly flow of funds statistics contained in the
Federal Reserve releases Z.7 and Z.l. In those releases, published levels of credit market debt are measured on a quartet—end
basis and include discontinuities.

Footnotes to Table 1

2.

3.

4.
5.




M.6 ( 5 0 8 )
T able 3

MONEY STOCK MEASURES

Billions of dollars

Seasonally adjusted
Ml

Period en«ding

13-week
average

4-week
average

1991-MAR. 18
25

832.3
833.6

838.4
840.5

M3

M2
13-week
average

4-week
average

840.0
844.3

3345.9
3350.1

3366.1
3372.4

week
average

week
average

13-week
average

4-week
average

3375.6
3382.6

4142.9
4147.4

4168.5
4169.9

4173.8
4169.3

week
average

APR.

1
8
15
22
29

835.5
836.8
838.5
839.7
840.4

844.0
844.6
845.6
844.8
841.8

851.9
842.1
844.0
841.1
840.0

3353.9
3358.7
3363.6
3367.4
3370.1

3376.8
3381.0
3384.1
3384.3
3382.9

3380.2
3385.7
3387.9
3383.3
3374.5

4151.2
4155.6
4161.2
4164.8
4165.9

4168.9
4168.1
4170.5
4171.7
4170.7

4161.2
4168.2
4183.2
4174.0
4157.4

MAY

6
13
20
27

841.7
842.9
844.0
845.2

843.8
845.7
848.7
851.6

849.9
851.7
853.0
851.8

3373.8
3377.2
3380.5
3383.7

3384.4
3386.6
3390.7
3396.7

3391.8
3396.6
3399.7
3398.5

4167.8
4168.9
4169.9
4170.8

4171.0
4169.0
4169.6
4174.2

4169.5
4174.9
4176.4
4176.0

JUNE

3p
lOp

846.2
847.5

851.8
853.0

850.6
856.5

3385.7
3388.3

3396.0
3397.4

3389.0
3402.3

4170.5
4170.6

4172.3
4171.7

4161.7
4172.6

Not seasonally adjusted
Ml

Period en«ding

13-week
average

4-week
average

1991-M^k. 18
25

833.5
832.0

829.2
832.0

M3

M2
13-week
average

4-week
average

832.7
825.3

3349.3
3351.8

3363.3
3370.4

week
average

week
average

week
average

13-week
average

4-week
average

3376.1
3368.6

4143.5
4146.7

4162.8
4167.2

4173.7
4159.0

APR.

1
8
15
22
29

831.1
831.0
832.8
834.9
836.6

834.9
840.8
849.0
856.4
853.2

843.4
861.8
865.5
854.7
830.6

3354.5
3358.7
3363.7
3367.9
3371.0

3375.2
3386.3
3396.8
3403.1
3397.3

3381.7
3418.8
3418.0
3393.8
3358.7

4149.7
4154.5
4159.7
4162.9
4164.4

4167.8
4174.3
4182.9
4186.9
4180.4

4164.9
4199.7
4207.8
4175.2
4138.7

MAY

6
13
20
27

838.4
839.6
841.1
842.2

849.8
844.7
841.7
841.3

848.4
844.9
842.7
829.2

3374.2
3376.6
3379.2
3381.0

3387.3
3377.4
3373.8
3375.1

3378.6
3378.5
3379.2
3364.2

4166.1
4166.3
4166.8
4167.1

4169.5
4157.3
4152.8
4154.4

4156.1
4159.0
4157.3
4145.2

JUNE

3p
lOp

843.6
845.9

841.8
847.3

850.2
867.2

3382.6
3385.1

3376.3
3383.5

3383.4
3407.2

4166.7
4167.3

4154.7
4160.1

4157.4
4180.6

Note: Special caution should be taken in interpreting week-to-week changes in money supply data, which are highly volatile and subject to
revision.
p--indicates preliminary data.



H.6 ( 5 0 8 )
Table 4

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Nontransact ions
component s

Other checkable deposits

Total

In M2 6

In M3
only7

198.3
199.6
201.3

87.4
87.9
88.6

285.8
287.5
289.8

2438.2
2453.9
2465.0

827.8
818.2
807.6

318.4
324.2
325.9

278.1
275.8
276.3

202.9
203.6
205.5

68.9
88.3
88.2

291.
292.
293.

2472.2
2475.3
2479.1

802.8
799.9
795.2

327.0
325.3
327.5

7.8
8.0
8.2

275.6
278.0
279.1

203.9
204.4
205.7

87.7
87.7
87.3

291.
292.
293.

2484.7
2493.0
2499.7

793.8
793.9
787.5

329.2
335.8
339.3

243.9
245.0
246.4

8.3
8.4
8.4

277.1
277.2
276.9

205.9
207.1
208.8

85.8
85.7
85.0

291.8
292.8
293.8

2503.1
2500.2
2502.2

785.0
785.3
784.1

341.6
341.9
345.4

251.6
255.1
256.7

8.4
8.2
8.1

272.9
276.2
277.1

209.2
211.4
214.4

84.7
85.5
86.6

293.
296.
301.

2504.3
2517.9
2531.9

793.6
806.0
793.8

353.9
358.2
363.6

256.6
256.8

7.9
8.0

275.8
278.7

215.2
220.2

86.8
88.2

302.
308.

2540.7
2544.2

787.1
776.9

364.2
365.1

Travelers
checks 2

Demand
deposits3

1990-JAN.
FEB.
MAR.

224.5
226.6
228.4

7.5
7.6
7.6

277.6
279.4
278.9

APR.
MAY
JUNE

230.3
231.9
233.7

7.7
7.8
7.8

JULY
AUG.
SEP.

235.7
238.4
241.5

OCT.
NOV.
DEC.
1991-JAN.
FEB.
MAR.
APR.
MAY P

At
commercial
banks 4

Genesral purpose
and t>roker/dealer
money market funds

At
thrift
institutions5

Currency l

Date

Week ending
1991-APR. 15
22
29

256.2
256.6
257.6

277.8
274.2
272.7

215.7
214.8
215.3

86
87.
86.8

302.
302.
302.

2543.
2542.
2534.

795.
790.
782.8

364.
364.
363.

MAY

6
13
20
27

256.5
256.3
256.9
257.4

279.8
280.1
279.5
275.5

218.
219.
220.
221.

87.
87.
88.
89.

305,
307.
308.
310.8

2541.8
2544.9
2546.8
2546.8

777.8
778.3
776.7
777.5

363.
365.
365.
365.8

JUNE

3p
lOp

257.0
256.7

276.8
281.7

221.
222.

87.
87.

308.
310.

2538.4
2545.8

772.
770.

365.4
364.8

1.
2.

Currency outside U.S. Treasury* Federal Reserve Banks and the vaults of depository institutions.
Outstanding amount of U.S. dollai—denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are
included in demand deposits.
3.
Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions* the U.S. government
and foreign banks and official institutions* less cash items in the process of collection and Federal Reserve float.
4.
Consists of NON and ATS balances at commercial banks, U.S. branches and agencies of foreiqn banks, and Edge Act corporations.
5.
Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demana deposits at thrifts.
6.
Sum of overnight RPs and Eurodollars, money market fund balances (general purpose and broker/dealer), MMDAs and savings and small time
deposits. This sum is seasonally adjusted as a whole.
7.
Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances (institution-only), less the estimated
amount of overnight RPs and Eurodollars held by institution-only money market mutual funds. This sum is seasonally adjusted as a whole.
e—indicates estimated data,
p—indicates preliminary data.




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H.6 (508)
Table ^-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Non-M3 Components of L
Institutiononly money
market funds

Date

Debt components^

Savings
bonds

Short-term
Treasury
securities1

Bankers
acceptances2

Commercial
paper 3

Federal
debt

Non-Federal
debt

1990-JAN.
FEB.
MAR.

102.5
103.4
105.2

117.9
118.4
119.2

330.7
327.3
336.9

40.3
38.5
37.2

345.0
345.6
344.1

2275.8
2291.6
2316.1

7558.
7605.
7653,

APR.
MAY
JUNE

106.9
107.6
108.1

119.9
120.7
121.4

329.9
315.4
331.7

36,
35.
34,

351.
349.
349.

2330.
2345.
2374.

7696,
7725.
7754,

JULY
AUG.
SEP.

109.8
114.0
116.2

122.2
123.0
123.8

334.3
329.8
333.8

33.
32.
31.8

348.
347.
359.

2401.
2439.
2461.

7787.1
7817.8
7850.5

OCT.
NOV.
DEC.

119.6
120.5
125.7

124.5
125.2
126.0

330.4
329.8
327.1

32.
34.
34.

358.8
359.0
359.4

2473.
2507,
2534.

7875.6
7892.2
7901.8

1991-JAN.
FEB.
MAR.

130.1
139.3
142.0

126.7
127.8
128.9

326.4
330.5
330.8

36.0
35.2
32.4

363,
356,
352,

2556.
2588.
2599,

7911,
7937.
7964,

145.6
146.2

130.1 p

307.5 p

30.7 p

337.6 p

2590.9 p

7988.0 p

APR.
MAY p

Week ending
1991-APR. 15
22
29

148.6
146.6
146.9

MAY

6
13
20
27

145.5
148.5
146.1
146.1

JUNE

3p
lOp

143.9
145.4

Consists of U.S. Treasury bills and coupons with remaining maturities of less than 12 months held by other than depository institutions,
Federal Reserve Banks, money market mutual funds, and foreign entities.
Net of bankers acceptances held by accepting banks, Federal Reserve Banks, foreign official institutions, Federal Home Loan Banks, and
money market mutual funds.
Total commercial paper less commercial paper held by money market mutual funds.
Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove
discontinuities,
-indicates preliminary data.




H.6 1508)
Table 5

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

Other checkable deposi ts

Currency 1

Date

Travelers Demand 3
checks 2 deposits

At
commercial
banks 4

At
thrift
institutions5

Nontransactions
components

Total

In M 2 6

In M3
only 7

Overnight
RPS

Overnight
Eurodollars9

General purpose
and broker/dealer
money market funds

1990-JAN.
FEB.
MAR.

223.0
224.4
227.1

7.0
7.2
7.3

282.8
271.3
271.6

202.6
199.7
202.4

87.0
85.8
87.8

289.6
285.5
290.1

2442.1
2457.2
2471.5

823.3
816.0
808.1

64.6
67.5
67.0

16.9
14.9
14.9

318.5
327.8
331.6

APR.
MAY
JUNE

229.6
231.8
234.9

7.3
7.5
8.1

280.0
268.9
275.2

209.6
200.9
204.0

91.5
88.2
88.7

301.1
289.1
292.7

2474.8
2465.5
2473.3

798.0
801.5
796.7

64.3
66.7
66.9

15.1
16.5
15.5

330.9
321.7
322.2

JULY
AUG.
SEP.

237.3
239.4
241.0

8.6
8.9
8.8

277.3
276.8
278.2

201.4
201.8
203.9

88.2
87.6
87.1

289.7
289.4
291.1

2485.7
2495.7
2497.8

792.9
798.1
790.4

68.2
67.5
65.0

15.8
15.2
16.4

325.0
334.6
339.2

OCT.
NOV.
DEC.

242.8
245.7
249.6

8.4
8.0
7.8

278.0
280.5
289.9

203.0
206.0
211.5

85.4
85.9
85.5

288.4
291.9
297.0

2504.0
2501.0
2497.3

784.8
788.8
782.2

66.0
60.3
54.6

17.5
17.3
19.4

341.1
343.4
345.5

1991-JAN.
FEB.
MAR.

249.8
252.7
255.6

7.8
7.8
7.8

277.7
268.1
270.1

213.7
211.4
215.7

84.2
83.5
85.9

297.9
294.9
301.6

2508.0
2521.6
2539.1

789.4
803.4
793.9

51.5
51.0
48.6

19.7
19.1
20.5

354.2
362.3
370.0

256.0
257.4

7.5
7.8

277.6
271.5

222.4
217.1

89.4
88.0

311.8
305.1

2543.6
2533.7

782.7
778.7

49.1
49.8

20.0
17.8

368.5
360.5

1991-APR. 15
22
29

256.6
255.7
254.5

7.5
7.4
7.3

284.1
276.6
267.9

226.4
225.4
215.0

90.7
89.6
85.9

317.2
315.0
300.9

2552.5
2539.1
2528.1

789.8
781.5
780.0

48.8
48.3
47.7

19.8
20.3
20.1

371.3
368.8
364.1

MAY

6
13
20
27

257.3
257.7
257.2
257.6

7.6
7.8
7.9

274.2
273.5
273.6
263.1

218.9
217.8
216.7
214.9

90.3
88.2
87.4
85.8

309.2
306.0
304.2
300.6

2530.1
2533.6
2536.4
2535.1

777.5
780.5
778.2
781.0

49.0
47.6
51.4
50.7

19.1
18.5
18.2
17.4

360.1
360.8
359.5
361.7

3p
lOp

257.1
260.2

7.9
8.0 e

276.0
282.4

219.8
225.4

89.4
91.2

309.2
316.6

2533.2
2540.0

773.9
773.4

50.2
49.5

14.8
15.6

360.0
359.0

APR.
MAY P

Meek ending

JUNE

7.7

Currency outside U.S. Treasury? Federal Reserve Banks and the vaults of depository institutions.
Outstanding amount of U.S. dollai—denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are
included in demand deposits.
Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions, the U.S. government
and foreign banks and official institutions, less cash items in the process of collection and Federal Reserve float.
Consists of NOH and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
Sum of overnight RPs and Eurodollars, money market fund balances (general purpose and broker/dealer), MMDAs and savings and small time deposits.
Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances (institution-only), less the estimated
amount of overnight RPs and Eurodollars held by institution-only money market mutual funds.
Consists of overnight and continuing contract RPs issued by all depository institutions to other than depository institutions and money market
mutual funds (general purpose and broker/dealer).
9.
Issued by foreign branches of U.S. banks worldwide to U.S. residents other than depository institutions and money market mutual funds
(general purpose and broker/dealer).
e—indicates estimated data,
p—indicates preliminary data.



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H.6 (508)
Table 5-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Term RPs 1
institutionAt
At
I
only money commercial
thrift
banks
I larket funds
T
institutions

Date

Non-M3 Components of L

Total

Term
Eurodollars2

Savings
bonds

Short-term
Treasury
securities3'

Bankers
acceptances4

Debt components*
Commercial
paper 5

Federal
debt

Non-Federal
debt

1990-JAN.
FEB.
MAR.

105.9
107.1
106.8

47.9
51.6
50.1

49.6
48.9
48.3

97.5
100.5
98.4

74.2
68.4
66.7

118.0
118.5
119.4

338.0
328.8
337.2

40.4
37.5
36.1

347.3
347.6
343.8

2277.5
2295.0
2319.2

7544.8
7569.3
7606.4

APR.
MAY
JUNE

105.9
106.8
106.2

49.5
50.1
53.4

48.7
49.2
48.9

98.2
99.3
102.2

65.3
67.1
64.4

120.2
120.9
121.6

328.6
310.6
321.4

35.3
35.2
34.9

355.4
357.6
355.4

2331.0
2339.7
2363.0

7649.9
7684.4
7721.5

JULY
AUG.
SEP.

108.3
113.1
113.4

53.5
55.5
51.7

47.0
46.5
46.6

100.5
102.0
98.3

65.1
68.3
70.0

122.2
122.8
123.5

324.2
325.1
336.2

33.1
32.4
32.3

348.2
344.9
356.8

2386.8
2422.3
2444.5

7758,7
7785.8
7818.5

OCT.
NOV.
DEC.

117.1
121.2
127.0

50.7
52.3
47.6

44.9
43.4
42.5

95.6
95.7
90.2

70.2
70.0
71.4

124.2
125.0
125.8

335.0
335.8
336.9

32.8
34.6
35.7

353.0
350.3
355.1

2459.3
2498.8
2532.1

7850.7
7871.2
7891.2

1991-JAN.
FEB.
MAR.

134.8
144.0
143.9

46.6
47.1
46.1

41.6
39.7
37.1

88.2
86.8
83.2

71.9
72.6
70.9

126.8
127.9
129.1

333.8
331.7
330.8

36.1
34.3
31.5

365.7
358.2
352.0

2557.7
2590.7
2602.8

7898.0
7900.1
7915.8

144.1
145.2

46.7
46.3

35.3
34.8

82.1
81.1

67.9
65.7

130.4 p

306.2 p

30.1 p

341.4 p

2593.0 p

7941.2 p

1991-APR. 15
22
29

147.7
143.6
145.0

47.2
46.5
47.3

35.7
35.0
34.9

82.9
81.5
82.2

69.5
68.5
66.7

MAY

6
13
20
27

142.8
146.7
144.6
147.1

47.2
46.9
45.6
46.0

35.2
35.5
35.1
34.5

82.4
82.4
80.7
80.5

66.0
64.5
65.8
66.1

JUNE

3p
lOp

143.4
143.4

45.7
46.8

33.0
33.1

78.7
79.9

66.1
64.3

APR.
MAY p

Meek ending

Term RPs are those with original maturities greater than one day, excluding continuing contracts and retail RPs.
Term Eurodollars are those with original maturities greater than one day. Consists of those issued to U.S. residents by foreign branches of U.S. banks
world-wide and by all banking offices in the United Kingdom and Canada. Excludes those held by depository institutions and money market mutual funds.
Consists of U.S. Treasury bills and coupons with remaining maturities of less than 12 months held by other than depository institutions, Federal
Reserve Banks, money market mutual funds, and foreign entities.
Net of bankers acceptances held by accepting banks, Federal Reserve Banks, foreign official institutions, Federal Home Loan Banks, and money market
mutual funds.
Total commercial paper less commercial paper held by money market mutual funds.
5.
Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities,
6.
P- -indicates preliminary data.




H.6 ( 5 0 8 )
Table 6

MEMORANDUM ITEMS

10

Billions of dollars> not seasonally adjusted

Demand deposits
at banks due to

sits
U.S. govetrnment depo:

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

Date

Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

Noi: balances
e
at depository
insititutions

Total
cash
balance

IRA and Keogh Accounts
Time and
savings
At
deposits
thrift
at commercial commercia 1
institutions
banks
banks

At
money
market
funds

Total

1990-JAN.
FEB.
MAR.

9.7
9.0
9.0

1.6
1.6
1.6

3.4
3.4
3.4

4.4
3.5
3.6

6.0
6.2
5.3

18.8
18.5
13.1

29.1
28.2
22.0

1.3
1.3
1.3

110.3
111.9
113.3

133.9
133.9
133.9

31.4
33.0
33.6

275.7
278.9
280.8

APR.
MAY
JUNE

9.2
9.4
9.1

1.5
1.7
1.5

3.4
3.4
3.3

5.1
3.4
5.5

4.4
5.1
5.0

14.9
21.8
15.4

24.4
30.3
25.9

1.3
1.3
1.2

115.6
117.7
119.5

134.0
133.8
133.6

34.0
34.2
34.3

283.6
285.8
287.4

JULY
AUG.
SEP.

9.0
9.2
9.4

1.5
1.8
1.9

3.3
3.2
3.2

3.4
3.8
5.1

5.4
5.4
6.4

11.9
19.7
25.9

20.6
28.9
37.5

1.3
1.4
1.2

121.1
122.6
124.4

133.5
133.1
132.5

34.4
35.2
36.9

289.0
291.0
293.8

OCT.
NOV.
DEC.

9.0
8.9
8.8

1.5
1.4
1.4

3.6
3.3
3.2

3.5
3.7
5.0

5.5
5.6
5.2

17.5
15.4
18.1

26.4
24.8
28.2

1.4
1.4
1.4

126.8
128.6
130.3

132.0
131.5
130.7

37.9
39.2
40.7

296.7
299.3
301.7

1991-JAN.
FEB.
MAR.

9.2
8.2
8.1

1.5
1.5
1.4

3.2
3.2
3.2

4.9
4.2
5.1

7.8
11.5
6.8

24.5
35.1
23.3

37.2
50.8
35.1

1.3
1.3
1.3

132.1
133.6
135.3

130.3
130.3
130.3

41.5
42.1
42.8 e

303.9
306.0
308.4 e

8.6
8.3

1.4
1.4

3.3
3.3

5.3
3.7

4.7
5.6

15.0
16.2

25.1
25.5

1.3
1.5

137.3
138.5

129.9 e
129.2 e

43.6 e
44.0 e

310.8 e
311.7 e

1991-APR. 15
22
29

8.0
8.6
8.2

1.4
1.4
1.5

3.2
3.2
3.3

6.5
6.3
5.0

4.0
5.2
3.9

2.5
17.5
26.2

13.0
29.1
35.1

1.3
1.3
1.3

MAY

6
13
20
27

8.8
8.1
8.2
8.3

1.5
1.4
1.4
1.4

3.3
3.3
3.3
3.3

4.6
3.1
3.9
3.1

7.0
5.1
5.4
4.9

30.9
17.5
6.8
10.7

42.5
25.7
16.0
18.7

1.5
1.5
1.5
1.5

JUNE

3p
lOp

8.5
7.6

1.3
1.3

3.3
3.3

4.5
3.6

5.7
5.4

18.3
5.8

28.4
14.8

1.5
1.6

APR.
MAY p

Heek ending

e—indicates estimated data.
p--indicates preliminary data.




H.6 (508)
Special Supplementary Table

Monthly Survey of Selected Deposits
April 24,1991 and May 29, 19911
(not seasonally adjusted)

Insured Commercial Banks
Average Rate Paid (%)
Amount Outstanding ($mil)
Liability Categories
NOW Accounts
Money market deposit accounts
Personal

April 24

May 29

Change
(percent)
-0.39

April 24

Change
(hp,)

May 29

4.77

4.73

-4

0.78

5.46

5.33

-13

119,371

4.74

5.47

5.32

-15

207,407

210,867

1.67

5.23

5.17

-6

54.416

52,575

-3.38

5.89

5.68

-21

92 to 182 days

170,012

168,141

-1.10

6.11

5.91

-20

183 days to 1 year

219,820

218,751

-0.49

6.38

6.16

-22

1 to 2-1/2 years

156.865

157.080

0.14

6.63

6.50

-13

2-1/2 years and over

142.158

144,190

1.43

6.95

6.90

-5

138,085

138,841

0.55

N.A.

N.A.

N.A.

Savings deposits

213,863

274,442

276,580

113,971

Nonpersonal

214,696

Interest-bearing time deposits
with balances of less than
$100,000 with original
maturities of:
7 to 91 days

All IRA/Keogh Plan deposits

2

FDIC -insure d Savings Banks 3
Average Rate Paid
Amount Outstanding ($mU)

(%)
Change
(b.p.)

April 24

8,771

0.48

5.34

5.27

-7

24,289

NOW Accounts

May 29

8.729

Liability Categories

Change
(percent).

24,317

0.12

5.95

5.80

-15

April 24

May 29

Money market deposit accounts
Personal
Nonpersonal

1,716

1,723

0.41

5.85

5.71

-14

41.067

41.810

1.81

5.60

5.60

0

6,355

6.203

-2.39

6.36

6.05

-31

92 to 182 days

26.226

25.869

-1.36

6.56

6.28

-28

183 days to 1 year

38.316

37.155

-3.03

6.81

6.56

-25

1 to 2-1/2 years

25.643

25.345

-1.16

7.05

6.81

-24

2-1/2 years and over

19,634

19.341

-1.49

7.49

7.41

-8

24.538

24.530

-0.03

N.A.

N.A.

Savings deposits
Interest-bearing time deposits
with balances of less than
$100,000 with original
maturities of:
7 to 91 days

All IRA/Keogh Plan deposits

2

NA.

N.A. — data are not available
NOTE: Data for earlier month may show revisions.
1. Estimates are based on data collected by the Federal Reserve System from a stratified random sample of about 500 commercial banks and
80 savings banks. All rates are expressed as annual effective yields.
2. Total IRA and Keogh Plan deposits regardless of size, type of instrument in which held, or interest rate paid.
3. FDIC-insured savings banks include both mutual and federal savings banks.