Full text of H.6 Money Stock Measures : June 21, 1990

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FEDERAL RESERVE statistical rel
^LRt^.

H.6 ( 5 0 8 )
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES!

JUNE 21, 1990

Billions of dollars
Date

M1 J

M2*

M3 3

DEBT

Seasonally adjusted
1988-JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

778.9
783.4
784.4
784.8
785.1
786.0
787.5

3026.4
3033.2
3037.7
3041.1
3048.8
3064.1
3072.4

3827.3
3847.1
3858.1
3867.2
3883.8
3903.5
3918.4

4528.7
4567.8
4584.8
4592.9
4613.7
4644.1
4676.0

8677.3
8741.2
8805.9
8868.3
8927.9
9000.8
9062.0

1989-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

785.8
786.7
785.5
782.1
776.2
773.7
779.1
780.4
782.9
788.1
789.4
794.8

3073.
3078.
3086.
3089.
3085.
3101.
3127.
3146.
3163.
3181.
3200.
3221.

3926.
3936.
3956,
3965.
3965.
3984.
4007.
4012.
4012.
4016.
4028.
4041.

4682.7
4699.8
4731.9
4757.0
4756.6
4778.8
4803.8
4816.9
4822.1
4830.6
4845.9
4867.8

9115
9179
9238
9295
9358
9414
9465
9529
9585
9654.8
9732.4
9777.6

1990-JAN.
FEB.
MAR.
APR.
MAY p

794.8
801.4
804.8
807.4
805.8

3229.3
3252.4
3266.2
3271.5
3264.2

4044.8
4058.9
4061.6
4064.9
4056.7

4869.6
4879.5
4897.7
4897.2 p

9827.6
9892.8
9954.3
10004.3 p

Not seasonally adjusted
1988-JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

779.9
786.9
782.4
781.1
782.2
788.3
804.5

3024.1
3039.1
3037.3
3034.3
3046.7
3067.2
3085.2

3821.7
3845.8
3857.5
3864.5
3884.1
3912.4
3932.5

4522,
4558,
4579.
4588.
4613.
4652.
4692.

8636.9
8698.8
8759.9
8830.5
8894.4
8969.0
9047.3

1989-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

793.5
773.0
775.9
791.6
767.7
774.4
782.3
778.1
779.1
785.0
791.7
812.1

3085.6,
3065.8
3080
3100
3071
3099.
3132.
3146.
3156.
3178.
3204.
3233.

3935.
3925.
3954.
3971,
3950.
3978,
4005,
4011,
4009.
4016,
4038.
4055.8

4700.5
4694.4
4729.7
4759
4744
4771
4792
4811
4817
4830
4854
4885

9099.9
9143.7
9197.5
9253.9
9315.7
9375.8
9424.9
9486.
9550.
9623.
9700.
9762.

1990-JAN.
FEB.
MAR.
APR.
MAY p

802.3
788.0
795.7
817.3
796.8

3241.0
3240.4
3261.0
3282.8
3249.3

4053.
4047.
4060.
4071.
4041.

4888.4
4874.6
4895.6
4900.7 p

9816.6
9862.6
9915.6
9962.5 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

1990

2.2

1.5

-0.2

7.2

1990

4.2

4.0

1.4

7.2

1990

3.8

5.8

2.3

7.6

MAR. 12* 1990 (13 weeks previous)

3.8

3.3

0.9

DEC. 11, 1989 (26 weeks previous)

4.7

4.9

1.9

JUNE 12, 1989 (52 weeks previous)

3.4

5.8

2.4

3 Months from FEB. 1990 TO MAY
6 Months from NOV. 1989 TO MAY
12 Months from MAY

1989 to MAY

Thirteen weeks ending JUNE 11, 1990
from thirteen weeks ending:

1.

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely,
January 1990 to April 1990, October 1989 to April 1990, and April 1989 to April 1990, 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 (NOW) and
automatic transfer service (ATS) accounts at depository institutions, credit union share draft accounts and demand deposits
at thrift institutions. Seasonally adjusted 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 (time deposits—incuding 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 foreion 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-average 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 quarter-end
basis and include discontinuities.

Footnotes to Table 1

2.

3.

4.
5.




H.6 ( 5 0 8 )
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
Ml

Period ending

13-week
average

4-week
average

1990-MAR. 19
26

799.3
800.0

804.4
804.4

2
9
16
23
30
7
14
21
28

800.6
801.4
802.6
803.5
804.5
805.0
805.3
805.8
805.7
805.8
806.2

804.7
805.6
807.6
807.8
807.1
807.0
805.1
805.5
805.0
805.6
806.7

APR.

MAY

JUNE

«P
Up

M3

M2
week
average
802.7
805.1
808.2
806.3
810.7
805.8
805.7
805.8
803.2
807.1
803.9
808.2
807.6

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

3243.6
3246.8
3250.0
3253.7
3257.3
3260.6
3263.1
3264.9
3266.3
3267.3
3267.1
3266.9
3267.1

3263.1
3266.0
3266.7
3268.8
3270.7
3271.2
3271.3
3270.7
3268.7
3266.7
3264.1
3261.9
3262.3

3265.3
3270.8

4052.6
4054.0
4055.1
4056.7
4059.1
4060.5
4061.3
4062.0
4062.2
4062.2
4060.9
4060.1
4060.1

4062.3
4062.3
4060.5
4062.2
4065.3
4065.5
4065.0
4063.8
4060.1
4058.6
4056.6
4054.2
4054.5

4061.5
4063.0
4056.6
4067.5
4073.9
4063.8
4054.8
4062.7
4059.0
4058.0
4046.8
4053.1
4060.1

3266.8
3272.2
3273.0
3272.9
3267.2
3269.7
3265.1
3264.7
3256.9
3260.8
3266.6

Not seasonally adjusted
Ml

Period ending

13-week
average

4-week
average

1990-MAR. 19
26
APR. 2
9
16
23
30
7
MAY
14
21
28
JUNE «P
lip

799.4
797.4
795.6
795.1
796.5
798.2
800.1
800.9
801.6
802.4
802.7
803.7
805.1

793.3
794.7
795.3
801.5
810.5
818.3
817.4
812.8
804.9
799.6
796.1
798.2
802.7

M2
week
average
794.3
785.9
802.5
823.1
830.4
817.2
798.9
804.8
798.8
795.9
784.9
813.1
817.0

M3

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

3244.7
3246.6
3248.5
3251.2
3254.5
3257.8
3260.9
3262.2
3263.3
3264.0
3263.8
3264.4
3265.3

3254.3
3258.5
3262.1
3271.7
3280.7
3286.8
3282.1
3271.2
3260.8
3253.7
3248.5
3250.8
3255.7

3259.9
3252.9

4054.0
4054.1
4054.3
4055.5
4057.2
4058.1
4059.1
4059.0
4058.7
4058.4
4057.4
4057.0
4057.1

4055.8
4058.6

4058.3
4051.6
4067.4
4093.5
4091.6
4060.5
4036.8
4046.8
4045.9
4042.4
4026.6
4057.1
4063.5

3273.2
3300.9
3295.6
3277.6
3254.1
3257.4
3253.9
3249.3
3233.3
3266.6
3273.7

4060.0
4067.7
4076.0
4078.3
4070.6
4058.9
4047.5
4043.0
4040.4
4043.0
4047.4

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
At
thrift
institutions5

192.1
192.1
191.7

281.3
279.6
276.3

7.2
7.2
7.2

220.0
220.4
221.9

A*
commercial
banks4

General purpose
and broker/dealer
money market funds

Total

In M2

6

In M3
only7

88.4
88.1
87.4

280.6
280.2
279.1

2287.8
2291.4
2301.4

852.5
858.7
869.6

243.9
247.2
253.4

191.4
188.5
188.7

86.5
84.3
84.3

277.9
272.8
273.0

2307.3
2309.1
2327.9

875.7
880.3
883.3

257.8
261.2
268.3

279.6
278.5
278.1

189.8
191.1
192.4

84.6
85.0
86.0

274.5
276.0
278.4

2347.9
2366.4
2380.3

880.2
865.3
848.7

277.7
287.8
295.9

7.3
7.4
7.4

280.0
278.8
279.7

194.2
195.9
197.9

86.6
86.9
87.8

280.8
282.8
285.7

2393.4
2411.3
2426.2

834.7
828.1
820.7

302.7
309.0
312.4

224.6
226.6
228.4

7.5
7.6
7.6

277.3
280.2
279.3

198.0
199.3
201.0

87.4
87.7
88.5

285.4
287.0
289.5

2434.5
2451.0
2461.4

815.5
806.5
795.3

318.1
324.5
325.0

230.1
231.7

7.6
7.7

277.8
274.6

202.8
203.2

89.0
88.6

291.8
291.8

2464.2
2458.5

793.3
792.5

324.8
319.4

1990-APR. 16
23
30

230.4
230.2
231.2

7.6
7.6
7.7

280.4
275.6
276.1

202.9
203.3
202.3

89.4
89.0
88.5

292.3
292.3
290.8

2462.2
2467.1
2461.5

800.9
790.9
787.6

324.1
324.2
325.9

MAY

230.6
230.7
231.8
232.6

7.7
7.7
7.7
7.8

275.3
273.7
276.4
272.3

202.7
203.2
202.8
203.3

89.4
87.7
88.3
88.0

292.1
291.0
291.1
291.3

2463.9
2461.9
2457.6
2453.0

793.0
793.9
793.3
790.0

323.8
321.0
316.5
316.9

232.4
232.3

7.7
7.7 e

274.4
273.9

205.2
205.1

88.4
88.4

293.6
293.6

2452.6
2459.1

792.3
793.4

318.5
318.5

1
Currency

Travelers
checks 2

Demand
deposits3

1989-JAN.
FEB.
MAR.

213.2
214.1
215.3

7.6
7.5
7.3

284.5
284.9
283.9

APR.
MAY
JUNE

215.7
216.6
217.2

7.3
7.3
7.2

JULY
AUG.
SEP.

217.8
218.6
219.3

OCT.
NOV.
DEC.
1990-JAN.
FEB.
MAR.

l

Date

APR.
MAY P

Meek ending

JUNE

7
14
21
28
«P

Up

Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
Outstanding amount of U.S. dollar-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 ins ti tut ions > the U.S. government
and foreign banks and official institutions> less cash items in the process of collection and Federal Reserve float.
Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreiqn 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. This sum is seasonally adjusted as a whole.
Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances (institution-only), less the estimated
m amount of overnight RPs and Eurodollars held by institution-only money market mutual funds. This sum is seasonally adjusted as a whole,
-indicates estimated data,
-indicates preliminary data.




H.6 (508)
Table 4-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
B i l l i o n s of d o l l a r s > seasonally adjusted
Savings deposits 1

Money msirket deposit accounts
At
thrift
commercial
institutions
banks

i

Date

Total

At
At
commercia.1 , thrift
banks
institutions

Small-denomination time deposits2

Total

At
At
commercial
thrift
banks
institutions

Total

Large-denomination time deposits3
At
At
thrift
commercial
banks 4
institutions

Total

1989-JAN.
FEB.
MAR.

345.6
342.2
339.7

147.1
143.3
140.2

492.6
485.6
479.9

190.2
189.3
188.1

234.0
231.6
229.8

424.2
421.0
417.9

455.5
465.0
474.7

587.2
589.3
591.7

1042.7
1054.2
1066.4

373.2
379.4
386.0

173.5
173.9
174.1

546 . 7
553.. 3
560.1

APR.
MAY
JUNE

337.0
331.7
331.0

136.2
131.5
130.0

473.2
463.1
460.9

135.8
183.1
182.3

226.2
222.3
221.1

412.0
405.4
403.4

486.3
497.3
501.8

597.8
605.7
612.2

1084.1
1103.0
1114.0

392.2
395.7
397.1

176.1
177.4
177.8

568.3
573.1
574.9

JULY
AUG.
SEP.

333.9
337.9
340.8

130.1
130.4
131.0

463.9
468.2
471.9

183.0
183.9
184.9

220.3
220.0
220.6

403.3
404.0
405.5

505.8
510.4
513.3

616.6
619.6
619.2

1122.4
1130.0
1132.6

398.7
397.8
397.2

176.0
172.7
168.4

574.7
570.5
565.6

OCT.
NOV.
DEC.

343.7
348.5
351.5

131.6
132.3
132.2

475.3
480.8
483.7

- 185.9
187.3
188.5

220.3
220.5
220.5

406.1
407.9
409.0

519.7
524.4
528.6

616.2
614.1
613.7

1135.9
1138.5
1142.3

398.8
401.5
401.5

163.8
159.5
156.8

562.7
561.0
558.3

1990-JAN.
FEB.
MAR.

352.4
356.0
359.1

132.5
133.4
135.8

485.0
489.4
494.9

189.8
191.8
193.4

220.4
221.8
221.2

410.2
413.6
414.6

531.4
534.7
537.2

611.1
606.5
606.6

1142.5
1141.2
1143.8

401.2
^99.4
396.3

152.9
150.2
147.2

554.2
549.5
543.6

362.3
365.6

136.6
134.7

498.9
500.3

193.8
193.6

222.0
221.7

415.8
415.3

541.4
551.2

602.7
594.3

1144.1
1145.5

394.6
396.4

143.0
138.1

537.6
534.6

1990-APR. 16
23
30

362.0
362.7
363.5

136.8
136.4
136.1

498.8
499.1
499.6

194.3
193.1
193.4

222.3
222.0
221.8

416.6
415.0
415.2

540.8
542.3
543.9

604.4
601.4
598.8

1145.2
1143.7
1142.7

395.4
396.1
393.9

144.0
141.6
140.5

539.4
537.8
534.4

MAY

7
14
21
28

364.4
365.4
365.9
366.2

135.9
135.5
134.6
133.6

500.3
500.8
500.6
499.8

193.4
193.2
193.5
193.8

222.3
222.3
221.6
221.0

415.7
415.4
415.1
414.8

547.0
549.1
551.7
554.6

597.5
596. "
594.4
591.2

1144.5
1145.6
1146.2
1145.9

396.7
397.2
395.9
395.9

140.0
138.9
137.8
136.6

536.7
536.1
533.6
532.5

JUNE

4p
lip

366.8
367.8

133.3
133.4

500.1
501.2

194.7
194.6

220.4
221.0

415.1
415.7

556.6
558.8

588.7
586.0

1145.3
1144.8

396.6
398.6

136.7
135.5

533.2
534.1

APR.
MAY P

Week ending

Savings deposits exclude MMDAs.
Small-denomination time d e p o s i t s — i n c l u d i n g retail R P s — a r e those issued in amounts of less than $100,000. All IRA and Keogh account balances at
commercial banks and thrifts are subtracted from small time deposits.
3.
Large-denomination time deposits are those issued in amounts of $100>000 or more> excluding those booked at international banking facilities.
4.
Large-denomination time deposits at commercial banks less those held by money market mutual funds* depository institutions? and foreign banks and
official institutions,
P- -indicates preliminary data.




H.6 (508)
Table ^-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Debt components4

Non-M3 Components of L
Institutiononly money
market funds

Date

Savings
bonds

Short-term
Treasury
securities1

Bankers
acceptances2

Commercial
paper3

Federal
debt

Non-Federal
debt

1989-JAN.
FEB.
MAR.

87.1
86.9
86.3

109.8
110.7
111.5

270.5
268.0
274.2

40.6
40.6
41.4

335.7
343.6
348.3

2121.8
2137.8
2158.7

6994.1
7041.9
7079.5

APR.
MAY
JUNE

88.3
92.1
96.3

112.2
112.8
113.6

280.0
288.1
289.6

41.5
41.2
41.2

358.2
348.8
349.4

2168.8
2176.4
2184.2

7126.6
7181.8
7230.7

JULY
AUG.
SEP.

99.0
101.4
101.6

114.3
115.0
115.7

290.9
293.0
303.0

41.9
42.6
41.0

349.5
354.3
350.3

2184.1
2200.7
2220.7

7281.6
7328.4
7364.5

OCT.
NOV.
DEC.

101.1
101.1
102.3

116.2
116.8
117.5

308.2
308.6
319.5

40.0
40.5
41.2

350.0
351.3
347.9

2238.3
2258.9
2265.7

7416.5
7473.6
7511.9

1990-JAN.
FEB.
MAR.

103.2
103.7
105.4

117.7
118.2
119.1

323.0
319.4
337.3

40.7
38.3
37.0

343.3
344.7
342.7

2275.9
2297.3
2325.9

7551.7
7595.5
7628.3

106.8
107.3

119.9 p

329.3 p

35.9 p

347.2 p

2342.3 p

7662.0 p

APR.
MAY p

Meek ending
1990-APR. 16
23
30

107.3
107.4
105.8

MAY

7
14
21
28

108.4
107.6
107.4
106.1

JUNE

4p
Up

106.8
107.9

1.

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.
3.
Total commercial paper less commercial paper held by money market mutual funds.
4.
Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove
discontinuities.
p—indicates preliminary data.
2.




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H.6 (508)
Table 5-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars> not seasonally adjusted
Savings deposits1

Money market deposit accounts
At
At
thrift
commercia 1
institutions
banks

Dute

Total

At
At
commercial
thrift
banks
institutions

Small-denomination time deposits2

Total

At
At
commercial
thrift
banks
institutions

Total

Large-denomination time deposits 3
At _
At
commercial
thrift
banks*
institutions

Total

1989-JAN.
FEB.
MAR.

349.1
343.8
341.2

147.3
143.2
140.6

496.5
487.0
481.7

189.3
187.9
187.8

232.3
229.2
229.3

421.5
417.1
417.0

455.2
465.4
475.7

589.4
591.6
591.4

1044.6
1057.0
1067.1

371.3
379.2
388.8

174.6
174.3
173.3

545.9
553.5
562.1

APR.
MAY
JUNE

337.2
328.0
329.0

135.6
130.7
129.6

472.8
458.8
458.6

186.3
183.7
183.5

226.6
222.7
222.7

412.9
406.4
406.2

486.3
496.0
502.5

597.4
603.8
611.0

1083.7
1099.8
1113.5

392.2
396.1
396.4

174.4
176.4
176.1

566.6
572.5
572.6

JULY
AUG.
SEP.

331.5
336.4
339.6

129.8
130.6
131.1

461.4
467.0
470.6

184.7
184.4
184.4

222.7
220.5
220.3

407.3
404.9
404.6

507.1
511.3
513.9

618.0
619.9
618.2

1125.1
1131.2
1132.1

396.5
398.4
398.6

174.2
172.0
168.8

570.7
570.4
567.4

OCT.
NOV.
DEC.

342.7
350.3
355.0

131.8
132.8
132.8

474.6
483.1
487.8

185.9
187.1
187.2

221.3
220.5
219.0

407.2
407.6
406.2

519.2
523.1
526.4

616.3
614.2
612.3

1135.5
1137.3
1138.8

399.9
401.9
399.8

165.5
161.7
158.3

565.4
563.6
558.1

1990-JAN.
FEB.
MAR.

356.3
357.7
360.8

132.9
133.3
136.1

489.3
491.1
496.9

189.0
190.5
193.2

218.8
219.5
220.9

407.7
410.0
414.1

530.8
535.2
538.3

613.2
608.7
605.9

1144.0
1143.9
1144.2

398.9
3;9.1
399.2

154.1
150.6
146.4

553.0
549.7
545.6

362.5
361.3

135.9
133.9

498.4
495.1

194.3
194.2

222.4
222.0

416.7
416.1

541.7
550.2

602.4
592.6

1144.1
1142.7

394.6
396.9

141.6
137.4

536.2
534.3

1990-APR. 16
23
30

364.9
361.0
358.3

136.7
134.8
134.2

501.6
495.8
492.4

195.0
192.7
192.7

223.4
221.2
220.6

418.4
414.0
413.3

540.9
542.5
544.0

603.8
600.6
598.0

1144.7
1143.1
1142.0

395.3
394.1
392.5

142.3
140.0
139.5

537.5
534.0
532.1

MAY

7
14
21
28

358.8
360.8
361.7
362.1

134.6
134.6
133.9
132.7

493.4
495.5
495.6
494.8

193.5
193.7
194.2
194.6

222.3
222.8
222.0
220.8

415.8
416.5
416.2
415.4

546.3
547.9
550.3
553.6

596.4
594.8
592.4
589.1

1142.7
1142.8
1142.8
1142.7

395.2
396.3
396.7
399.3

138.9
138.3
137.1
136.0

534.1
534.6
533.7
535.3

JUNE

4p
Up

364.9
367.1

133.1
133.5

497.9
500.6

195.8
196.4

221.7
223.1

417.5
419.4

556.0
559.4

587.0
584.5

1143.0
1143.9

397.4
398.6

135.6
134.4

533.0
533.0

APR.
MAY P

Meek ending

Savings deposits exclude MMDAs.
Small-denomination time deposits--including retail RPs—are those issued in amounts of less than $100>000. All IRA and Keogh account balances at
commercial banks and thrifts are subtracted from small time deposits.
Large-denomination time deposits are those issued in amounts of $100>000 or more, excluding those booked at international banking facilities.
Large-denomination time deposits at commercial banks less those held by money market mutual funds, depository institutions, and foreign banks and
official institutions,
-indicates preliminary data.




H.6 (508)
Table 5-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, not seasonally adjusted
Term RPs1
Date

Debt components6

Non-M3 Components of L

At
At
Institutionthrift
only money commercial
institutions
banks
market funds

Total

Term
Eurodollars2

Savings
bonds

Short-term
Treasury
securities3

Bankers
acceptances4

Commercial
paper5

Federal
debt

Non-Federal
debt

1989-JAN.
FEB.
MAR.

89.3
89.6
87.6

40.9
44.8
46.3

82.1
81.9
82.6

123.0
126.7
128.9

100.6
100.1
105.7

110.1
111.0
111.7

275.2
271.6
273.7

40.3
39.8
40.4

339.4
346.3
349.4

2121.4
2133.7
2149.0

6978.6
7010.0
7048.5

APR.
MAY
JUNE

87.7
91.6
95.1

43.8
43.7
43.7

82.5
83.8
84.7

126.3
127.5
128.4

100.3
97.2
93.4

112.4
113.0
113.7

279.3
283.8
282.6

41.0
41.2
41.5

356.1
356.2
355.4

2155.1
2159.5
2165.1

7098.8
7156.2
7210.7

JULY
AUG.
SEP.

98.2
100.6
99.2

45.0
45.1
47.5

78.8
71.8
65.5

123.8
116.9
112.9

91.8
89.6
85.3

114.2
114.7
115.4

282.3
289.4
303.5

42.2
42.7
41.6

348.8
353.1
348.0

2163.7
2179.6
2200.9

7261.2
7306.4
7349.7

OCT.
NOV.
DEC.

98.7
102.1
102.9

47.8
49.1
44.9

60.5
58.1
50.0

108.3
107.2
94.9

80.0
79.2
81.1

116.0
116.6
117.3

312.1
315.4
325.8

40.4
41.0
41.7

345.8
343.3
344.7

2222.6
2250.7
2264.1

7401.0
7449.9
7498.1

1990-JAN.
FEB.
MAR.

106.0
107.0
106.8

46.3
50.2
48.6

45.2
44.7
44.6

91.5
94.9
93.1

74.5
68.8
66.6

118.0
118.5
119.4

328.8
323.5
336.2

40.4
37.5
36.1

347.3
347.6
343.8

2275.6
2293.1
2317.3

7541.0
7569.5
7598.3

105.8
106.7

47.8
47.6

44.9
45.5

92.7
93.1

66.1
69.0

120.2 p

328.3 p

35.4 p

345.2 p

2329.1 p

7633.4 p

1990-APR. 16
23
30

106.6
104.9
104.9

50.9
46.4
47.4

44.8
44.8
45.5

95.7
91.1
93.0

68.1
65.0
64.3

MAY

7
14
21
28

106.8
106.0
107.0
106.9

47.1
47.6
47.1
48.1

46.2
45.9
45.0
44.9

93.4
93.5
92.1
93.0

67.2
69.8
69.6
69.9

JUNE

4p
Up

106.6
106.5

48.6
50.3

45.6
45.0

94.1
95.2

68.5
67.8

APR.
MAY p

Heek 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.
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 ( 5 0 8 )
Table 6

MEMORANDUM ITEMS

10

Billions of dollars, not seasonally adjusted
Demand deposits
at banks due to
Time and savings
deposits due to
Foreign
foreign banks
Foreign
<commercial
and official
official
banks
institutions
institutions

Date

IRA and Keogh Accounts

U.S. government depo;sits
Demand
deposits at
commercial
banks

Balance
at
Note balances
Federal at depository
Reserve institutions

Time and
savings
At
At
deposits,
Total
commercia 1
thrift
at
commercial
cash
banks
institutions
banks
balance

At
money
market
funds

Total

1989-JAN.
FEB.
MAR.

9.3
9.4
8.8

1.8
1.8
1.7

4.0
4.1
4.2

4.0
3.7
3.8

8.1
5.8
5.2

21.0
22.2
14.3

33.1
31.7
23.3

1.3
1.3
1.3

95.1
96.2
97.4

123.7
124.3
125.4

20.7
21.2
22.2

239.5
241.7
244.9

APR.
MAY
JUNE

8.9
8.9
10.0

1.6
1.6
1.7

4.2
4.0
3.8

5.2
3.3
4.6

8.9
14.1
9.7

15.0
31.0
21.6

29.0
48.5
35.8

1.4
1.4
1.4

99.9
101.8
102.8

127.3
128.6
130.0

23,1
23.6
23.8

250.3
254.0
256.5

JULY
AUG.
SEP.

10.0
8.9
9.4

1.7
1.6
1.7

3.7
3.7
3.7

3.4
3.2
5.5

6.4
5.4
7.8

19.6
12.7
19.4

29.4
21.2
32.6

1.4
1.3
1.3

104.1
105.3
106.0

131.2
131.4
132.2

24.7
24.8
26.4

260.0
261.5
264.6

OCT.
NOV.
DEC.

9.9
9.4
9.7

1.7
1.5
1.5

3.7
3.7
3.6

3.3
3.5
5.2

5.9
5.2
4.8

17.4
11.2
14.4

26.5
19.9
24.5

1.4
1.4
1.4

107.3
108.0
108.7

132.5
132.3
133.3

27.1
27.5
28.0

266.9
267.8
270.0

1990-JAN.
FEB.
MAR.

9.8
9.1
9.0

1.6
1.6
1.6

3.6
3.6
3.6

4.4
3.5
3.6

6.0
6.2
5.3

18.8
18.5
13.1

29.1
28.2
22.0

1.4
1.3
1.3

110.3
111.9
113.3

134.4 e
135.3 e
136.5 e

30.0
32.0
32.7 e

274.8 e
279.2 e
282.5 e

9.1
9.3

1.5
1.8

3.6
3.6

5.1
3.3

4.4
5.1

14.9
21.8

24.4
30.3

1.3
1.3

115.6
117.5

138.4 e
139.3 e

33.1 e
33.5 e

287.1 e
290.3 e

1990-APR. 16
23
30

8.7
9.4
8.6

1.4
1.6
1.5

3.6
3.6
3.6

6.5
5.3
5.3

4.9
4.5
3.4

3.4
21.2
32.0

14.8
31.1
40.7

1.3
1.3
1.3

MAY

7
14
21
28

9.5
9.0
9.2
9.1

1.8
2.0
1.7
1.5

3.6
3.6
3.6
3.6

4.0
2.7
4.0
2.7

5.4
5.3
4.8
5.0

33.4
29.0
16.0
14.3

42.8
36.9
24.9
22.0

1.3
1.3
1.3
1.3

JUNE

4p
lip

10.4
9.0

1.7
1.5

3.6
3.6

3.3
3.7

5.3
4.3

9.1
4.3

17.7
12.3

1.3
1.3

APR.
MAY P

Week ending

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




11.6(508)
Special Supplementary "Bible

Monthly Survey of Selected Deposits
April 25,1990 and May 30,19901
(not seasonally adjusted)

Insured Commercial Banks
Average Rate Paid (%\
Amount Outstanding ($mil)
—
Change

Liability Categories

._A0riL2i-_ May.30

..(percent)

April 25

May 30

Change
<lM>.)

NOW Accounts

202,907

199,219

-1.82

4.99

4.99

0

Money market deposit accounts
Personal

250,908

251,429

0.21

6.33

6.34

1

103,852

106,353

2.41

6.20

6.21

1

5.51

-1

Nonpersonal
Savings deposits

189,496

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

190,893

0.74

5.52

48,505

49.016

1.05

7.51

7.49

-2

92 to 182 days

158,034

160.705

1.69

7.81

7.83

2

183 days to 1 year

189,128

195,222

3.22

7.97

7.95

-2

i to 2-1/2 years

131,465

133,227

1.34

8.04

8.05

1

133,062

133,551

0.37

8.01

8.03

2

116,678

118,520

1.58

N.A.

N.A.

N.A.

2-1/2 years and over
All IRA/Keogh Plan deposits2

FDIC-insured Savines Banks 3
Average Rate Paid (%)
Amount Outstanding ($mil)
Liability Categories
NOW Accounts
Money market deposit accounts
Personal
Nonpersonal

April 25
7,971

Mav 30
7,768

Change
fnercenrt
-2.55

26,018

24,697

April 25

Mav 30

Change
(b.p.^

5.45

5.45

0

-5.08

6.95

6.98

3

1,632

1,618

-0.86

6.56

6.48

-8

39,331

38,176

-2.94

5.59

5.61

2

5.283

5.454

3.24

7.97

8.04

7

92 to 182 days

29,175

27.606

-5.38

8.23

8.30

7

183 days to 1 year

36.531

36.072

-1.26

8.37

8.41

4

1 to 2-1/2 years

24.267

23.764

-2.07

8.37

8.49

12

21.993

21.483

-2.32

8.39

8.48

23,067

22,526

-2.35

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

2-112 years and over
All IRA/Keogh Plan deposits

2

M
N.A.

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.