Full text of H.6 Money Stock Measures : March 19, 1987

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

>'QOJ£S&

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

H.6(506)
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

MARCH

19, 1987

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

Date

M2
M3
M1 plus overnight RPs
M2 plus
and Eurodollars,
large time deposits,
MMMF balances (gen. pur. term RPs, term Eurodollars
and broker/dealer), MMOAs,
and institution-only
MMMF balances3
and savings and small
time deposits1
Seasonally adjusted

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors*

986—FEB.
flAfi.
APS.
HA I
JO BE
JDLI
AUG.
SEPT.
OCT.
10?.
DSC

632.2
640.5
648.2
659.6
667.5
676.6
687.0
693.1
701.4
712.4
730.5

2582.4
2598.9
2623.9
2647.4
2667.6
2693. 8
2718.4
2736.3
2760.7
2775. 4
2799.8

3242.8
3264.4
3293.2
3314.9
3338.4
3368.5
3396.2
3420.7
3441.2
3459.5
3489.2

3880.2
3894.9
3920.0
3951.9
3972.5
3998.9
4027.1
4055.9
4081.8
4108.2
4141.1

6918.8
6963.5
7023.9
7095.8
7167.5
7235.5
7315.7
7392. 8
7453.7
7530.Q
7626.6

9 8 7 — J AS.
FEB. P

737.6
737.2

2822.5
2822.1

3516.3
3520.2

4173.6

7711.1

1986—FEB.
HAS.
APS.
HAT
j a ME
JUL*
AUG.
SEPT.
OCT.
MOT.
DEC

620.0
631.3
653.9
652.5
669.8
680.4
685.2
691.3
698.9
715.5
746.6

2572.6
2594.5
2631.4
2638.0
2668.7
2700.4
2715.8
2728.8
2757.1
2777.7
2813.3

3234.1
3262.6
3299.8
3306.6
3336.4
3368.7
3391.7
3415.0
3437.7
3463.8
3504.4

3873.3
3899.6
3927.0
3937.7
3971.2
3999.5
4023.9
4049.9
4076.1
4111.0
4154.5

6901.6
6940.0
6996.6
7063.6
7132.4
7200.5
7284.9
7370.5
7436.2
7514.4
7619.5

1987—JAH.
FEB. P

744.3
723.1

2832.7
2810.1

3527.1
3510.5

4185.0

7705.3

13-week average

Seasonally adjusted
4-week average

727.7
729.8
731.9
733.8

733.4
733.6
735.2
736.9

737.0
734.9
736.9
738.8

736.2
737.2
737. *
738.6

734.8
727.9
723.8
723.5

721.8
730.4
723.5
718.1

735.0
736.2

737.2
738.2

738.2
738.7

738.2
738.1

723.2
724.3

720.6
734.9

Not ssetowmfly adfrartsd

M1
For period ended

1987-FEfi.

SAB.

MOTE:

2
9
16
23
2 P
9 P

SPECIAL C A 0 T I O I SHOULD fi E TAKES I V

1STESPBBTISG

fllGHLI FOLATILB ASD SUBJECT TO BEFISIOS.
P—IBDICATES PBELIHIBASI DATA.
FOOTSOTES APPEAS OS THE FOLLOfllBG PAGE




week average

13-week average

Not seasonally adjusted
4-week average

SSEK-1'O-SSBS CSABGSS I S

fldSlf

week average

SttPPLf DATA, SfllCfl AB

H.6 (508)
Table 2

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

2

M1

M2

M3

Debt

1

3 MONTHS FROM NOV.

1986 TO FEB.

1987

13.9

6.7

7.Q

13.8

6 MONTHS FROM AUG.

1986 TO FEB.

1987

14.6

7.6

7.3

13.1

12 MONTHS FBOH FEB.

1986 TO FEB.

1987

16.6

9.3

8.$

12. 2

THIBTEEN REEKS ENDING MAR. 9, 1987
FBOH THIBTEEN SEEKS ENDINGS
DEC*.

6, 1986 (13 REEKS PBBVIOOS)

17.7

SEP.

8, 1986 (26 REEKS PBBVIOOS)

16.7

MAR.

10, 1986 (52 WEEKS PBBVIOOS)

16.7

__,

1/ GBOHTH BATES FOB DEBT ABE BkSED ON PBBIODS BEGINNING AND ENDING ONE HONTH EARLIER THAN FOB THE MONETARY AGGREGATES,
NAHBLX, OCTOBER 1986 TO JANOABX 1987, JOLT 1986 TO JANOABX 1987, AID JAROABX 1986 TO JANOARI 1987, RESPECTIVELY.
FOOTNOTES TO TABLE 1
1/ .CONSISTS OF (1) CURRENCY OOTSIDB THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAOLTS OF COMMERCIAL BANKS;
(2) TBAVBLBBS CHECKS OF NONBANK ISSUERS; (3) DEHAND DEPOSITS AT ALL COHMFECIAL BANKS OTHEB THAN THOSE DOE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN BARKS ARD OFFICIAL INSTITUTIONS LESS CASH ITERS IR THE PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF REGOTIABLE OBDEB
OF 8ITHDBAHAL (RON) ARD AOTOHATIC TBARSFEB SERVICE (ATS) ACCOORTS AT DEPOSITOR! INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEHAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEHAND
DEPOSIT COHPONENTS EZCLODE THE BSTIHATBD AHOONT OF VAOLT CASH AND DEHAND DEPOSITS, RESPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SERVICE THBIB OCD LIABILITIES.
2/ CONSISTS OF HI PLOS OVERNIGHT (AND CONTINUING CONTBACT) EPS ISSOED BI ALL COHHEBCIAL BANKS AND OVERNIGHT EOBODOLLABS
ISSOED TO U.S. BESIDERTS BY FOREIGN BRAHCflBS OF U.S. BARKS HORLDHIDE, HHDAS, SAVIRGS ARD SBkLL DENOHINATION
TIME DEPOSITS (TIHB DEPOSITS—INCLODING RETAIL RPS—IN AHOONTS OF LESS THAR $100,000), ARD BALARCES IR BOTH
TAXABLE ARD TAX-EXEMPT GEREBAL PURPOSE AND BROKER/DEALER HORBI MARKET HOTOAL FORDS. EXCLUDES IRA AND KEOGH
BALARCES AT DEPOSITORY INSTITUTIONS AND HONEY MARKET FBBDS* ALSO EXCLUDES ALL BALANCES HELD BY U.S. COHHEBCIAL
BANKS, MONEY MARKET FORDS (GENERAL POBPOSE AND BROKER/DEALBE), FOBEIGN GOVEBNMENTS AND COHHEBCIAL BANKS, AND
THE 0.5- GOVERNMENT. ALSO SOBTBACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEHAND DEPOSITS AND VAOLT CASH HELD BY THBIFT INSTITUTIONS TO SEBVICB THEIR TIHE AND SAVINGS DEPOSITS.
3/ CONSISTS OF H2 PLOS LARGE DENOHINATION TIHE DEPOSITS (IN AHOONTS OF $100,000 OB HOBB) AND TERM BP LIABILITIES ISSUED
BY COHHEBCIAL BANKS AND THBIFT INSTITUTIONS, TERM EURODOLLARS HELD BT U.S. RESIDENTS AT FOBEIGN BRANCHES OF O^S, BANKS
RORLDNIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOH AND CANADA, AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT
INSTITOTION-ONLY HONEY HABKET HOTUAL FUNDS. EXCLUDES AHOONTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVEBNHBNT, HONEY
MARKET FONDS, AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SOBTBACTED IS A CONSOLIDATION ADJOSTHENT THAT BBBRBSBBTS
THE ESTIMATED AHOONT OF OVEBNIGHT BPS AND EURODOLLARS HELD BI INSTITOTION-ONLY MONEY MARKET HOTOAL FONDS.
4/ CONSISTS OF H3 PLOS THE NONBANK PUBLIC HOLDINGS OP U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL
PAPER ARD BARKERS ACCEPTANCES, NET OF HONEY HABKET MUTUAL FOND HOLDINGS OF THESE ASSETS.
5/ DEBT OF DOHESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT HABKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE BONDS, HOBTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COHHEBCIAL PAPER, BkhKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ARE DEBIVED FBOH THE FBDEBAL RESERVE BOARD'S FLOR OF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOHESTIC
NONFINANCIAL SECTOfiS ARE PRESENTED IN MONTH-AVERAGE FORM, DERIVED BY AVERAGING MONTH-END LEVELS OF ADJACENT HONTI&. THESE
DATA HAVE ALSO BEEN ADJUSTED TO REHOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IN THE UNDERLYING FLOR OF FONDS STATISTICS,
THE PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FBOH THE QUARTERLY FLOR OF FUMDS STATISTICS CORTAINBD
IN THE FEDERAL RESERVE RELEASES 2.7 AND Z.1. IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE MEASURED OR
A QUARTER-END BASIS AND INCLUDE DISCONTINUITIES.




HJ(SQ*
%DkO

COMPONENTS OF THE MONEY STOCK
•HMom of doWam, ssssonsBy *****

3
i

Data

£Z

TvavalafS
ohscfcs*

Cunaaoy'

Oftwr
chaofcabta

oovnponants
ki MS
kits*

1986-FBB.
BAR.

172.7
173.8

6.0
6.1

270.3
274.6

183.1
186.0

1950.3
1958.4

660.4
665.5

APR.
BAI
JDBB

174.4
175.0
176.7

6.1
6.1
6.2

277.7
282.2
285.0

189.9
195.5
199.6

1975.7
1987.9
2000.0

669.3
667.5
670.9

JUL I
AOG.
SBPT. ,

177.6
179.0
179.7

6.3
6.4
6.4

288.2
291.2
292.2

204.5
210.4
214.7

2017.2
2031.4
2043.2

OCT.
BOf.
DBC.

181.2
182.4
183.5

6.4
6.4
6.4

293.4
297.9
308.3

220.4
225.9
232.3

186.0
187.2

6.5
6.7

305.1
300.7

240.0
242.7

1987-JAB.
FBB. P

•jMwnps O V J J U W U

at
Nwtft
oanNnaialaf toammiows
125.0
179.8
180.8
125.9

*

BAR.

2
9
16
23
2 P
9 P

304.8
306.6

Lswja tkns dapooH*
at
OOffMIWfClOl
twrtft
total
| bonks" kiatttuttona
294.8
447.6
152.9
292.7
155.9
448.5
at

127.2
129.5
131.5

183.9
187.3
190.2

! 311.1
316.8
321.9

387.1
384.1
381.5

506.0
503.9
501.5

893.1
888.0
883.0

293.5
289.9
289.4

157.7
157.7
158.2

451.3
447.6
447.5

674.7
677.7
684.4

134.0
137.5
141.1

193.3
197.2
20 0 . 3

327.4
334.6
341.4

380.0
377.0
374.1

500.9
499.6
498. 1

880.9
876.7
872.2

289.5
290.1
289.8

158.9
159.3
158.7

448.3
449.4
448.5

2059.3
2063.0
2069.3

680.5
684.1
689.3

145.8
150.2
154.5

204.6
208.3
211.7

350.4
1 358.5
366.2

370.0
365.9
364.7

494.7
491.3
488.5

864.7
857.1
853.3

288.3
290. 0
291.9

157.4
155.9
155.1

445.7
445.9
447.0

2084^9
2084.8

693.8
698.2

159.9
164.4

216.9
222.9

I 376.7
387.2

364.7
362.5

487.2
485.5

851.8
848.0

295.8
295.9

153.8
152.0

449.6
447.8

i

BBBK BBDIBG
1987
FBB.

total

BoHcttd nofitvanaactlofio noma
Small tkns osposits^
at
at
OOflMVWClOl
total
tnrtft
banks
IIIVIIIUIIUIM
386.7
889.8
503.2
387.4
892.0
504.6

I
186.$
186.9
186.9
187.5

L

t

187.6
187.7

302.1
300.1
300.3
301.0

241.6
241.3
243.Q
243.6

300.5
299.9

243.4
244.3

i

<

I.

f

f

161*9
163.2
164.4
165.1

363.9
363.0
362.7
362.1

165.9
167. 0

361.9
361.2

I.

i

i

ii

294.1
294.3
296.7
296.5

f

1 296.7
297.2

r

i

i

I

~i.
1/
2/
3/

4/
5/
6/
7/
8/
9/
10/

i. . .-

I •

II

I T *

CORRBBCT OOTSXDB TBB U.S. TRBASORI, FBDBRAL RBSBRfB BAIIS AID FAULTS OF COBBBRCIAL BARKS. BXCLUDBS TBB BSTXBATBD
AflOOBT OF FAULT CASB HELD BT THRIFT IRSTITUTIORS TO SBRFICB TflBIR OCD LIABILITIES.,
OUTSTABDIBG ABOUBT OF U.S. DOLLAB-DBBOBIRATBD TRATBLBRS CBBCKS OF BOBBABK ISSOBRS. TRAFBLBRS CBBCKS XSSUBD BI DBPOSXTORT
IBSTITUTIOBS ABB IBCLUDBD IB DBBABD DEPOSITS.
DBBABD DBPOSITS AT COBBBRCIAL BABKS ABD FORBIGI RELATED IBSTITUTIOBS OTBER TBAB TBOSB DOB TO DOBBSTIC BABKS, TBB U.S. GOFBRBBBBT ABD FORBIGB BABKS ABD OFFICIAL IBSTITUTIOBS LESS CASB JTEHS IB TAB PROCESS OF COLLBCTIOB ABD FBDBRAL RESERFB FLOAT.
BXCLUDBS TBB BSTIBATBD ABOUBT OF DBBABD DBPOSITS BBLD AT COBBBRCIAL BABKS BI THRIFT IBSTITUTIOBS TO SBRFICB TBBIR OCD
LIABILITIES.
COBSISTS OF BOB ABD ATS BALAICES AT ALL DBPOSITOBI IBSTITUTIOBS, CRBDIT UBIOB SBkBE DRAFT BALABCES ABD
DBBABD DBPOSITS AT THRIFT IBSTITUTIOBS.
SUB OF OTBREIGBT RPS ABD OFEREIGBT BOBODOLLARS, BOBBI BARKBT FORD BALABCES (GBBBRAL PURPOSE ABD BROKER/DEALER),
HflDAS, ABD SAFIBGS ABD SBALL TIBB DEPOSITS, LESS TAB COBSOLIDATIOB ADJUSTBBBT THAT REPRBSBBTS TBB BSTIBATBD ABOUBT OF
DBBABD DBPOSITS ABD FAULT CASB BBLD BI THRIFT IBSTITUTIOBS TO SBBFICB TBBIB TIBB ABD SAFIBGS DBPOSITS LIABILITIES.
SOB OF LARGB TIBB DBPOSITS, TBRB RPS ABD TBRB BURODOLLARS OF U.S. RBSIDBBTS, HO IE I BARKBT FUKD BALABCES (IBSTITUTIOBOBLI), LESS A COBSOLIDATIOB ADJUSTBBBT TBAT REPRBSBBTS THB BSTIBATBD ABOUBT OF OFERRIGUT RPS ABD BURODOLLARS BBLD BI
IISTITOTIOI-OBLI BOBBI BARKBT FUBDS.
SAFIBGS DBPOSITS BXCLUDB HflDAS.
SHALL DBBOBIBATIOB TIBB DBPOSITS—IBCLODIBG BBTAIL B P S — ABB TBOSB ISSUBD IB ABOUITS OF LESS TBAB $100,000. ALL
IBDIFIDUAL RETIREflEBT ACCOUHTS (IRA) AND KEOGfl ACCOUBTS AT COBBBRCIAL BABKS ABD THRIFTS ARE SUBTRACTED FROR SHALL
TIBB DEPOSITS.
LARGB DEHOBIBATIOR TIflE DBPOSITS ARE TBOSB ISSUBD IB ABOUBTS OF $100,000 OR BORE, EXCLUDIBG THOSE BOOKED AT
IBTERHATIOBAL BANKING FACILITIES.
LABGE DEBOHIBATION TIHE DEPOSITS AT COMMERCIAL BABKS LESS THOSE HELD BI HOIET BARKBT RUTOAL FUNDS,
DBPOSITORT INSTITUTIONS AND FOREIGN BANKS ANP OFFICIAL INSTITUTIONS.




H.6 (506)
Table 4

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

savings bonds

Non-M3 components of L
bankers acceptances3
short-term treasury
securities1

commercial paper*

Debt components4
federal debt
non-federal debt

1986-JAB.
FEB.
BAB.

79.9
80.5
81.2

302.9
305.7
299.1

42.4
42.5
41.4

209.5
208.6
208.8

1607.9
1621.0
1628.5

5266.$
5297.8
5335.Q

APB8 AY
JOVE

81.9
82.7
83.5

298.3
303.8
298.2

40.6
39.8
39.8

206.1
210.7
212.6

1641.5
1665. 1
1691.9

5382.4
5430*8
5475.6

JOLI
AOG.
SEPT.

84.3
85.3
86.4

292.5
288.7
288.0

39.Q
37.3
36.9

214.5
219.7
223.9

1712.6
1725.1
1741.6

5522.9
5590.6
5651.?

OCT.
MOV.
DEC.

87.7
89.8
91-7

286.9
292.4
292.4

37.7
38.0
37.5

228.4
228.4
230.2

1755.5
1777.7
1805.7

5698.2
57*2.9
5821.0

92.7

287.2

37.7

239.7

1817.8

5893.9

1987-JAB.

1/
2/
3/
4/

P

CONSISTS OF U.S. TBEASOBI BILLS AMD COUPONS BITH BBBAINIBG BATOBITIES OF LESS THAI 12 BOMTHS HELD BI OIBEB TBAB BEPOSITOBI
HOBE LOAB BANK SISTBB AMD BONEI BABKET BOTOAL PONDS.
ADJUSTED TO BBBOVE DISCONTINUITIES.




.««.*«

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

Currency

1

Travelers
checks2

Demand
deposits3

Overnight
at commercial '
at thrift
banks4
Institutions9

total

inM2*

7

in M3 only

RP5

8

Overnight
Eurodollars

9

General
purpose and
' broker/dealer
money market
funds

1986-PEB.
MAE.

170.5
172.2

5.6
5.8

262.6
267.7

127.0
129.5

54.3
56.1

181.3
185.6

1952.6
1963.2

661.5
668.1

52.3
51.0

16.4

181.0
186.2

APE.
MAI
JUNE

173.6
175.7
177.4

5.8
5.9
6.5

279.5
277.4
286.2

135.1
133.1
136.9

59.9
60.3
62.8

195.0
193.5
199.7

1977.5
1985.5
1998.9

668.4
668.6
667.7

50.7
51.4
49.7

17.5
17.6
16.6

191.4
193.2
197.3

JULI
AUG.
SEPT.

179.1
179.9
179.5

7.2
7.3
6.9

290.5
289.4
291.3

139.3
143.0
146.9

64.3
65.6
66.6

203.6
208.6
213.5

2020. 1
2030.6
2037.6

668.3
675.9
686.2

54.6
57.6
55.5

17.2
17.1
17.3

199.7
200.5
202.2

OCT.
NOT.
DEC

180.9
183.2
186.2

6.5
6.1
6.0

293.0
300.1
319.5

150.4
155.7
162.8

68.1
70.3
72.2

218.5
226.0
235.0

2058.2
2062.2
2066. 7

680.6
686.2
691.1

58.1
57.9
58.3

19.4
18.8
19.0

206.9
207.1
207.6

184.6
184.8

6.0
6.2

311.0
291.9

169.7
167.6

73.0
72.6

242.8
240.1

2088.4
2087.0

694.4
700.4

61.5
60.2

22.3
19.6

209.0
210.8

183.2
185.7
185.6
184.2

295.6
295.8
291.5
288.9

165.3
169.0
167.4
167.0

71.6
73.7
72.8
71.7

236.9
242.8
240.2
238.7

60.3
59.8
59.1
61.2

22.2
19.2
18.6
20.6

208.9
210.6
211.3
211.0

184.2
186.9

290.1
294.5

167.5
171.9

72.4
75.2

239.9
247.1

60.6
59.2

19.4
18.6

211.1
212.2

1987-JAN.
FEB. P

16.1

BEBK ENDINGS
1987-PBfi.

BAB.

2
9
16
23
2 P
9 P

!
.

I

i

I-

CUBBENCI OUTSIDE THE O.S. THEASUBI, PEDEEAL EESEBVE BANKS AID THE FAULTS OP COHHEBCIAL BANKS. EXCLUDES TBE ESTIHATED
AMOUNT OP VAULT CASH HELD BI THEIPT INSTITUTIONS TO SEBVICB TBBIE OCD LIABILITIES.
2/ OUTSTABDIHG AHOUHT OP U.S. DOLLAB-DENOHIHATBD THAVELBBS CHECKS OP HONBANK ISSUEBS. TBA¥ELEBS CHECKS ISSUED BI OEPOSITOBI
INSTITUTIONS ABB INCLUDED IB DEMAND DEPOSITS.
3/ DEMAND DEPOSITS AT COHHEBCIAL BANKS OTHEB THAN THOSE DOE TO DOHBSTIC BANKS, THE U.S. GOfEBNBBNT AND POBEIGN BANKS ABD
OPPICIAL INSTITUTIONS, LESS CASH ITBHS IN THE PEOCBSS OP COLLECTION AND P.B. FLOAT, LESS THE ESTIBATBD AMOUNT OP DEHAND
DEPOSITS HELD AT COHHEBCIAL BANKS BI TBBIPT INSTITUTIONS TO SEBIICE THEIH OCD LIABILITIES.
4/ CONSISTS OP NOB AND ATS BALABCES AT COHHEBCIAL BANKS, U.S. BBAHCHES AND AGENCIES OP POBEIGN BANKS, AND EDGE ACT
COBPOBATIONS.
5/ CONSISTS OP NOV AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CEBDIT UNION SHABE
DEAPT BALANCES, ABD DEBAND DEPOSITS AT THBIPTS.
*
6/
SUH OP OVEBNIGHT EPS AND EUBODOLLAES, HOME! BABKET PUND BALANCES (GENERAL POBPOSE AND BBOKEB/DEALEB), BHDAS ABD SAVINGS
AND SHALL TIHB DEPOSITS LESS THE ESTIHATED AHOUNT OP DEHAND DEPOSITS AND VAULT CASH HELD BI THBIPT INSTITUTIONS TO SEBVICE
7/ THEIR TIHB AND SAVINGS DEPOSIT LIABILITIES.
SUH OP LABGB TIHB DEPOSITS, TEBH EPS AND EUBODOLLAES OP U.S. BBSIDBBTS, HONET HABKBT PUND BALABCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT BEPBESENTS THE ESTIHATED AHOUHT OP OVEBNIGHT EPS AND EUBODOLLAES HELD BI INSTITUTION-ONLI
8/ HONET MARKET HUTUAL FUHDS.
CONSISTS OP OVEBNIGHT AND CONTINUING CONTBACT EPS ISSUED BI COHHEBCIAL BANKS TO OTHEB THAN DEPOSITOBI INSTITUTIONS AND
9/ HONET MARKET HUTUAL PUNDS (GENERAL PUBPOSE AND BBOKEB/DEALEB).
ISSUED BI POBEIGN BBANCHES OF U.S. BANKS WORLDNIDE TO U.S. BESIDBNTS OTHEB THAN DEPOSITOBI INSTITUTIONS AND
HONET HABKET HUTUAL PUNDS (GENERAL PUBPOSE AND BROKER/DEALER).



V

H.6 (508)
Table 5-continued

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

6

Money market deposit accounts
at
at
thrift
total
commercial
institutions
banks

Date

Savings deposits1
at
at
thrift
commercial
banks
institutions

Small denomination time deposits2
at
at
commercial
thrift
total
banks
institutions

total

Large denomination time deposits3
at
at
"-1
commercial
thrift
total
banks 4
institutions

1986-FBB.
HAB.

337.4
340.8

179.6
180.2

517.1
521.0

123.9
125.1

179.1
181.0

303.0
306.1

386.1
386.7

505.6
504.5

891.6
891.1

296.2
294.6

153.8
155.9

450.1
450.5

A PH.
HAT
JUNE

345.4
349.2
356.0

180.7
182.4
185.1

526.1
531.6
541.0

127.2
129.9
132.5

184.2
187.8
191.2

311.5
317.7
323.6

384.8
382.4
381.0

504.2
500.3
498.5

889.0
882.7
879.5

290.9
288.6
286.7

156.8
157.5
157.6

447.7
446.0
444.3

JUL!
AUG.
SEPT.

359.8
364.3
368.9

186.9
189.3
189.9

546.6
553.6
558.8

135.4
137.6
141.0

194.7
195.6
198.6

330.1
333.2
339.6

380.4
378.5
375.9

500.5
498.9
497.4

880.9
877.5
873.3

286.7
289.9
291.2

158.1
159.3
159.1

444.8
449.2
450.3

OCT.
NOY.
DEC.

372.6
375.9
379.0

191.9
192.7
192.3

564.4
568.7
571.3

146.4
150.3
153.9

204.8
209.0
211.7

351.1
359.3
365.5

371.3
366.6
364.4

496.1
492.9
489.6

867.3
859.5
854.0

289.5
290.8
293.4

157.8
156.0
154.7

447.3
446.8
448.0

381.7
378.5

192.4
192.2

574.2
570.6

159.2
162.7

217.2
222.0

376.4
384.7

364.4
362.1

490.2
487.9

854.6
850.1

297.0
298.0

154.1
152.8

451.1
450.8

1987-JAH.
FEB.
REEK
1987
FEB.

HAS.

1/
2/
3/
4/

P

ENDING

2
9
16
23
2 P
9 P

378.4
379.0
378.1
378.6

160.4
161.9
162.8
163.3

378.2
378.9

164.0
165.7

,

363.2
362.7
362.3
361.6

295.7
296.4
298.7
298.7

361.3
360.9

299.2
299.9

SAYINGS DEPOSITS EXCLUDE HflDAS.
SHALL DEBOHINATIOH TIHE DEPOSITS -- INCLUDING RETAIL EPS — ABE THOSE ISSUED IH AHOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL BETXBEHENT ACCOUNTS (IBA) AND KEOGH ACCOUNTS AT COflHEBCIAL BANKS AND THBIFTS ABE SUBTRACTED FROH SHALL
TIHE DEPOSITS.
LARGE DEBOHINATIOH TIHE DEPOSITS ARE THOSE ISSUED IN AHOUNTS OF 5100,000 OB HOBE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DEBOHINATIOH TIHE DEPOSITS AT COHHEBCIAL BANKS LESS THOSE HELD BI HONET HABKBT HUTUAL MVDS, D&BOSl*'
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (506)
Table 5-continued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
TermRPs1
Date

Institution
only money
market funds

I
at commercial
banks

at thrift
institutions

total

Term
Eurodollars 1

Savings
bonds

Non M3 Components of L
Short-term
treasury
Bankers
acceptances4
securities*

Components of Debt

Commercial
P«P*r*

Federal debt*

Non-Federal9
debt

1986-FSB.
BAB.

67.7
70.2

35.9
37.3

34.7
34.4

70.7
71.7

79.1
82.7

80.5
81.1

307.3
305.2

42.2
40.8

209.1
209.8

1621.0
1633.3

5280.6
5306.8

A PEL
BAT
JUNE

74,1
76.1
75.0

35.7
35.5
33.8

35.9
38.6
41.3

71.6
74.1
75. 1

81.4
79.7
80.0

81.8
82.6
83.4

300.4
298.6
296.2

39.9
39.6
39.8

205.2
210.3
215.3

1644.6
1660.7
1678.9

5352.0
5402.9
5453.5

JULI
AUG.
SEPT.

77.5
BO. 8
84.4

33.2
34. 0
35.6

41.5
41.4
42.4

74.7
75.4
78.1

78.2
77.2
79.9

84.2
85.2
86.4

292.0
290.2
287.9

39.2
37.9
37.4

215.3
219.0
223.1

1695.6
1713.3
1734.5

5504.9
5571.6
5636.0

OCT.
HO?.
DEC

84.5
84.4
84.1

34.3
36.9
34.9

43.9
45.7
47.3

78.2
82.6
82.2

76.6
78.4
83.2

87.8
89.9
91.9

284.0
291.3
292.2

38.0
38.0
37.4

228.7
227.9
228.7

1748.2
1770.1
1802.1

5688.0
5744.3
5817.4

84.0
84.7

33.3
34.3

47.6
49.2

80.9
83.5

86.4
90.5

92.7

288.1

37.8

239.3

1816.9

5888.4

84.1
84.6
84.3
84.8

33.7
33.9
35.4
33.4

85.4
85.1

35.0
33.3

1987-JAB.
FEB.

P

BEEK E N D I N G :
1987-FEB.

2
9
16
23

BAB.

1/

2/
3/
4/
5/
6/

2 P
9 P

TEBB EPS ABB TBOSE WITH OBIG I N A L HATUB I T I E S GBEA TEB TBAN ONE D A I , EXCLUDING CONTINUING CONTBACTS ABD B E T A I L BPS.

INCLUDES

A BBLATIYBLI SHALL ABOUNT OF OYEBNIGBT BPS AT TBBIFT INSTITUTIONS.
TEBB EOBOOOLLABS ABE TflOSE BITB OBIGIBAL BATUBITIES GBEATEB TBAN ONE DAT. CONSISTS OF TflOSE ISSOED TO U.S. RESIDENTS BT
FOBEIGN BRANCHES OF U.S. BANKS WORLDWIDE AND BY ALL BANKING OFFICES IN TAB UNITED KINGDOfl AND CANADA. EXCLUDES THOSE HELD
BI DEPOSITOBT INSTITUTIONS AND BONEI BABKET BOTUAL FUNDS.
COBSISTS OF U.S. TREASURY BILLS AND COUPONS BITB BEBAINING BATUBITIES OF LESS THAN 12 BONTBS HELD BI OTHEB TBAN DEPOSITOBT
INSTITUTIONS, FEDEBAL BESBBYB BANKS, HOBBY BASKET BOTUAL FUNDS, AND FOBEIGN ENTITIES.
NET OF BANKBBS ACCEPTANCES BELD BY ACCEPTING BANKS, FEDEBAL BESEBYE BABKS, FOBEIGN OFFICIAL INSTITUTIONS, TBB FEDEBAL
BOHE LOAN BANK STSTBfl AND BONEI BABKET HUTUAL FUNDS.
TOTAL COHBEBCIAL PAPEB LESS COBHEBCIAL PAPER HELD BT HONEY BASKET HUTUAL FUNDS.
DEBT DATA ARE ON A BONTHLI AYEBAGE BASIS. DERIVED BI AYEBAGING END-OF-BONTH LEVELS OF ADJACENT MONTHS, AND BAYE BEEN
ADJUSTED TO BBBOYE DISCONTINUITIES.




H.6 (508)
Table 6

MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted
Demand deposits at banks due to

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

US^ 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

foreign
commercial
banks

foreign
official
institutions

8.3
8.4

1.8
1.7

6.1
5.3

3.3
3.4

7.5
3.4

21.0
12.4

31.7
19.2

APR.
HAY
JO HE

8.8
9.1
9.4

1.8
1.7
1.7

4.9
4.7
4.4

4.3
3.0
3.5

3.7
4.8
2.9

13.6
18.7
12.6

JUL!
AUG.
SEPT.

9.7
9.5
9.9

1.9
1.7
1.8

4.2
4.2
4.2

3.6
3.0
3.6

3.8
3.2
5.6

10.0
9.7
9.9

1.8
2.0
1.8

4.2
4.1
4.1

3.4
3.4
3.7

10.4
9.9

1.8
1.7

4.Q
4.1

10.3
9.5
9.9
10.3

1.7
1.7
1.6
1.7

9.8
9.5

1.8
1.6

Date

1986-FEB.
HAH.

OCT.
HOY.
DEC
1987-JAH.
FEB,

P

IRA and Keogh Accounts
time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

1.4
1.5

64.0
65.2

83.7
87.6

8.7
9.0

156.4
161.8

21.6
26.5
19.0

1.6
1.6
1.7

68.7
70.2
70.6

92.2
93.7
94.7

9.8
10.1
10.1

170.7
174.0
175.4

13.2
8.1
14.6

20.6
14.2
23.8

1.7
1.7
1.8

71.0
71.3
71.5

95.4
95.1
95.2

10.2
10.2
10.5

176.6
176.7
177.2

3.4
3.2
3.7

11.8
11.9
15.5

18.6
18.4
22.9

1.8
1.7
1.7

71.6
72.1
72.8

95.6
95.6
96.2

10.8
10.7
10.7

178.1
178.4
179.7

3.7
3.3

9.6
5.0

23.8
25.2

37.1
33.6

1.6
1.6

73.4
74.0

9 7 . 1e
9 8 . 2e

10.8
1 0 . 9e

181.3e
183.2e

4.0
4.1
4.1
4.1

3.5
3.5
3.1
3.4

16.0
4.8
3.8
4.6

26.2
25.4
25.0
26.5

45.7
33.7
31.8
34.5

1.6
1.6
1.6
1.6

4.1
4.0

3.2
3.5

3.3
3.6

23.2
14.6

29.7
21.7

1.6
1.6

money
market
mutual funds

total

HEEK E I D I M G :
1987
FEB.

HAR.

2
9
16
23
2 P
9 P

e = estimated




>

SPECIAL SUPPLEMENTARY TABLE
Monthly Survey o f S e l e c t e d D e p o s i t s and Other Accounts
At A l l Insured Commercial Banks and A l l Mutual Savings Banks 1
January 2 8 , 1986 and February 2 5 , 1987
(not seasonally adjusted)

Insured Commercial Banks
|
1 Amount Outstanding ($mil)| Average Rate Paid (X) 1 Number of Issuing Banks |
January 28 ( February 25
January 28 1 February 25 January 28 j February 25 I

Liability Categories
NOW accounts 2
Money market deposit accounts

3

J

157,642

j

378,797

Sayings accounts 4

|

4.91

13,568

13,554

5.14

i

5.13

13,099

13,025

j

5.20

5.18

13,557

13,488

|

6,005
(542)

5.45

5.44

8,503

8,429

1
]

376,278

157,205

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)

4.96

159,806
|

|

161,179

|
|

6,118 I
(537)

32 to 91 days
(standard error of the estimate)

I

21,724
(955)

21,516
(1,053)

5.43

5.49

12,663

12,672

92 t o 182 days
standard error of the estimate)

1
j

130,510
(1.807)

129,999
(1,723)

5.64

5.69

13,801

13,768

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

|

72,279
(1,653)

74,080
(2,424)

5.89

5.96

13,194

13,185

83,775
(1,733)

84,963
(2,349)

6.18

6.24

13,538

13,523

119,646
(2,347)

119,211
(2,402)

6.58

6.66

13,339

13,338

73,642
(165)

74,345
(183)

N.A.

N.A.

13,292

13,289

1,055
(202)

1,191
(232)

5.14

5.09

2,298

2,180

over 1 year to 2-1/2 years
(standard error of the estimate)
2-1/2 years and over
(standard error of the estimate)
All IRA/Keogh Flan deposits 6
Retail repurchase agreements7
(standard error of the estimate)

j

I

State-Chartered Mutual Savings Banks
|
| Amount Outstanding ($mll)|
Average Rate Paid ( I )
Number of Issuing Banks |
January 28 February 25
January 28 February 25
January 28 1 February 25 I

Liability Categories
NOW accounts 2
Money market deposit accounts

1
j

1

4,840
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)

5.20

4,896

5.18

308

308

31,621

31,618

5.44

5.43

338

338

30,582

31,158

5.44

5.41

354

354

153
(15)

152
(15)

5.49

5.49

91

90

32 to 91 days
(standard error of the estimate)

1,117
(93)

1,194
(92)

5.63

5.61

284

285

92 to 182 days
(standard error of the estimate)

18,260
(167)

18,308
(132)

5.91

5.91

!

349

341

1

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

12,984
(363)

!
I

13,146
(353)

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

12,488
(361)

1

12,302
(322)

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

20,678
(159)

1
I

20,640
(128)

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

12,288
(314)

1
|

12,465
(307)

N.A.

94. I
(47)

93
(48)

5.36

|
I

Retail repurchase agreement a7
(standard error of the estimate)

!

1

6.16

!

6.19

I

343

I

343

6.48

I

6.52

1

341

!

341

6.89

1

6.98

349

N.A.

347

I

5.45

1

15

349

|

347

1

15

M.A. - D a t a 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 banks.
_*,....
,«o*
2 As of January 1, 1986 interest rate ceilings « r e removed from a l l NOW accounts. Beginning with the January 1986
data the NOW account category includes a l l NOW accounts, including those accounts which ware aubject to a 5.25 percent regulatory interest rate restriction prior to January 1, 1986. Estimates for this category 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 mail, messenger, or in person.
Estimatea for this category are based on reports of deposits. The MMDA rate i s 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 pJjnple annual rates, time deposit rates are annual effective yields reflecting the
method of compounding reported Ny the individual i n s t i t u t i o n s .
6. All IRA/Keogh Flan time deposits regardless of s i z e , type of instrument in which held, or interest rate paid.
7! Retail repurchase agreements are in denomination© of l e s s than $100,000 with maturities of l e s s than 90 days
4 4 i ar* s frow the transfer of direct obligations of, or obligations fully-gui ran teed as to principal and Interest
H , the U.S. Governs ^ or ** agency thereof.