Full text of H.6 Money Stock Measures : March 27, 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.

y

$SB$F''

H.6 (508)
Table 1

HAECH

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

27, 1986

Billions of dollars

Date

M1

M2

M3

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

M1 plus overnight RPs
and Eurodollars,
MMMF balances (gen. pur.
and broker/dealer), MMOAs,
and savings and small
time deposits2

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

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors*

Seasonally adjusted
1985—FEB,
HAB.
APR.

HAY
JUNE
JULY
AUG.
SEP'i.
OCT.
NOV.
DEC.
1986 — JAN.
FEB.

569.3
572.2
575.7
562.5
590.9
596.2
604.8
611.5
614.1
620.0
626.5

2421.8
2429.4
2434.4
2451.9
2479.0
2496.1
2515.4
2529.5
2538.3
2550.7
2565.5

3033.6
3046.6
3052.0
3069.9
3096.0
3113.3
3131.4
3151.5
3166.1
3181.6
3200.2

627.1
630.9

2568.4
2576.1

3222.1
3238.6

3588.8
3612.7
3618.5
3636.5
3664.7
3683.3
3710.8
3739.8
3761.6
3800.0
3835.3

6075. 1
6131.7
6194.5
6259.0
632J.5
6392.5
6461.8
6526.7
6594.2
6681.5
6802.7
6905.7

Not seasonafly adjusted

1985—FEB.
HAH.
APE.
HAT
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

558.7
5*5.0
581.7
576.5
592.7
599.6
602.0
609.1
612.1
621.6
639.8

2415.3
2430.9
2443.1
2444.1
2480.7
2501.0
2510.9
2521.0
2533.7
2549.0
2573.6

3026.4
3046.9
3058.1
3063.9
3098.0
3110.8
3127.3
3145.0
3163.1
3185.1
3212.9

198b—JAN.
FEB.

633.4
619.1

2577.2
25t»9.4

3229.7
3230.6

3581.9
3616.1
3626.1
3624.6
3664.9
3683.2
3709.5
3736.1
3760.0
3802.3
3840.0

6054.4
6103.8
6166.0
6231.6
6299.0
6369.6
6440.8
6509.3
6576.0
6665.7
6795.4
6698.5

M1
For period ended
13-week average
1986-FEB.

HAH.

NOTE:

Seasonally adjusted
4-week average

week average

13-week average

Not seasonally adjusted
4-week average

week average

3
10
17
24

624.9
626.1
627.0
627.8

626.4
627.7
628.5
630.2

624.6
631.3
630.5
634.1

631.7
631.9
631.6
631.6

626.1
621.3
616.2
616.6

616.0
623.9
619.1
615.2

3
10 P
17 P

628.3
629.4
630.4

632.0
633.5
635.5

631.9
637.6
638.4

631.0
630.6
630.3

619.9
622.5
625.6

621.5
634.3
631.5

SPECIAL CAUTION SHOULD BE TAK*N XV INTEEPBETINC MEEK-TO-MEEK CHANGES IN HONEY SUPPLY DATA, IflXCH ABE
HIGHLY VOLATILE AND SUBJECT TO BEVISION.
P—INDICATES PBELIHINABY DATA.
FOOTNOTES APPBAH ON THE FOLLOWING PAGE




H.6 (508)
Table 2

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

M1

M2

M3

Debt1

3 MONTHS FROH MOV.

1985 TO FEB.

198b

7.0

4.0

7.2

16.9

6 MOUTHS PROS AUG.

1985 TO FEB.

198*

8.6

4.8

6.8

16.1

1985 TO FEB.

198b

10.8

6.4

6.8

14.7

12 SOUTHS FROH FEB.

TBIfiTEEM WEEKS ENDING HAS. 17, 1986
FROH THIRTEEN WEEKS ENDING:
16, 1985 (13 iEEKS PREVIOUS)

8.2

SEPT. 16, 1985 (26 WEEKS PREVIOUS)

9.7

DEC.

HAH.

18, 1985 (52 WEEKS PREVIOUS)

11.3
l in -,.. -.- - » ■ . — ■ ■ » - » » ■ . —

1/

— .- - . , . - . - - . . . . . . A T t t f i i

■ -

GROWTH HATES FOB DEBT AHS BASED ON PERIODS BEGINNING AND ENDING ONE MONTH EARLIER THAN FOB THE MONETARY AGGREGATES,
NAMELY, OCTOBER 1985 TO JANUARY 1986, JULY 1985 TO JANUARY 198b, AND JANUARY 1985 TO JANUARY 1986, RESPECTIVELY.

FOOTNOTES TO TABLE 1
~~~~
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF COMMERCIAL BANKS;
(2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DBitAND DEPOSITS AT ALL COflflERCIAL BANKS OTHER THAN THOSE DUE TO
DOMESTIC BANKS, THE U.S..GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IB THE PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE OEOEE
OF WITHDRAWAL (NOW) AND AUTOMATIC TRANSFBR S&dVIL* (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
2/. CONSISTS OF M1 PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE, HMDAS, SAVINGS AND SMALL DENOMINATION
TIME DEPOSITS (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 IRA AND KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND HONEY HAWKBT FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMERCIAL
BANKS, HONEY MARKET FOUDS (GENERAL PURPOSE AND BROJSLEB/DBkLEB), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND Sl^lHHS DEPOSITS.
3/ CONSISTS OF H2 PLUS LARGE DEHOH1NATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OR MORE) AND TERM RP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BRANCHES OF U.S. BANKS
NOBLDWIDE 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, HONEY
MARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY MONEY MARKET MUTUAL FUUDS.
%/ CONSISTS OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF HONEY MARKET MUTUAL FUMD HOLDINGS OF THESE ASSETS.
5/ DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE BONDS, MORTGAGES,
CONSUHER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ARE DERIVED FROM THE FEDERAL HESEHUE BOARD'S FLOW OF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC
NOMFINANCIAL SECTORS ARE PRESENTED IN MONTH-AVERAGE tfORH, DERIVED BY AVERAGING MONTH-END LtVELS OF ADJACENT MONTHS. THE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IN THE UNDERLYING FLOW OF FUUDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS UELEkSE DIFFERS, THEREFORE, FROM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED
IN THE FEDERAL RESERVE RELEASES Z.7 AND Z.1.
IN THOSE BELEkSES0 PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE EEkSU&ED ON
A OUARTER-END BASIS AND INCLUDE DISCONTINUITIES.
1/




COMPONENTS OF THE MONEY STOCK
•nteiw of dollars, MMOMMy sdjusaod

3
Nontransaetions
OOlTipOrtQfltS
tnM3
lnM2*
only*

'
Saving* dapoait*7
at
thrift
total
i commscclal
Institution*
I
banks
289.9
168.4
| 121.6
168.7
289.7
■ 121.1

Ssisctod noirtrsnsactions ttoms
Smati thus dopostts*
St
St
total
thrift
cocnmoFcisJ
bonks
instttuttons
885.2
385.0
500.2
665.0
385.2
499. 7

Osmsnti
deposits*

Othsc
chsckabtt
depot*.'

5.3
5.4

251.2
251.4

152.2
154.1

1852.5
1857.2

611.9
617.2

161.9
163.2
154.4

5.5
5.5
5.7

251.8
255.4
259.0

156.5
158.4
161.8

1858.7
18b9.5
1888.1

017.6
617.9
t>19.1

JULY
AOG.
SEPT.

165.3
166.9
167.7

5.8
5.9
5.9

260.4
263.1
266.4

164.8
169.0
171.5

1899.8
1910.6
1918.0

617.2
616.1
622.1

OCT.
NOV.
DEC.

168.7
169.8
170.6

5.9
5.9
5.9

266.0
267.8
271.5

173.0
176.6
178.5

1924.2
1930.6
1939.0

1986 - J A N .
FSB.

171.9
172.9

5.9
6.0

268.9
269.1

180.4
183.0

1941.3
1945.2

266.7
269.4
268.1
271.0

179.9
183.1
183.5
183.9

124.7
124.9
124.9
125.2

387.4
387.8
388.1
388.3

293.1
293.0
292.0
289.7

270.6
272.7
273.3

182.6
185.3
185.3

125. 1
125.6
125.8

387.9
388.4
J88.7

267.9
266.6
287.5

8985

8EEK
1986
FEB.

MAR.

1/
2/
3/

V

5/
6/
7/
8/
9/

Dots

Currency1

^MAS.
iil

160.7
161.3

APR.
MAI
JUNE

Tvavassfs
ChOCfe*

~~

Largs ttms'^pooTts*
St
St
commercial
thrift
total
1
bonks * institutions
416.9
153.1
2o3.8
421.0
268.2
152.7

1

it

!

120.3
121.2
122.1

1b8.7
1t>9.o
17 1 . 5

289.0
290.8
293.6

387.1
387-7
387.6

500.5
501.8
502.6

867.6
869.5
690.3

2.11.6
^69.3
267.3

153.6
155.7
155.4

425.9
425.0
422.7

122.9
123.7
124.0

173.8
176.C
176.3

296.7
299.7
300.3

386. J
383.4
382.7

501.3
497.5
495.6

886.0
880.9
87tt.3

264.0
266.9
270.6

154.3
154.1
155.1

416.3
421.0
425.6

627.8
631.0
634.7

124.4
124.8
124.4

177.9
179.0
179.1

302.3
303.7
303.6

382.0
382.2
384.1

493. 7
493.7
496.2

875.7
876.0
880.3

273.9
276-7
279.1

155.9
156.2
157.3

429.7
432.9
436.4

653.6
t>62.5

124.7
125.0

179. J
179»9

304.0
304.9

386.5
388.0

499.6
503.1

866.1
89 1 . 1

289.7
291.3

158.2
159.7

447.8
451.0

,
|

ENDING
t

3
10
17
24
3
10
17

172.2
172.8
173.0
173.2

P
P

172.8
173.6
173.8

/

I

\
!

CURRENCY OUTSIDE TUB U.S. TREASURY, FEDERAL RESERVE BANKS AMD VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OP VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AHOOHT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OP NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITOR*
INSTITUTIONS ARE INCLUDED IH DEMAND DEPOSITS.
DBSAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNBENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITERS IN THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT.
EXCLUDES THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
CONSISTS OF NOV AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DlF¥HRtiUCE BBTURKH THE
SEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDED ARE ALL CEILING
FREE "SUPER NOUS," AUTHORIZED BY THE DEPOSITOBY INSTITUTIONS DEREGULATION COMMITTEE TO BE OFFERED BEGINNING JANUARY 5,
1983.
SOM OF OVERNIGHT EPS AND OVERNIGHT EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER),
GHDAS, AND SAVINGS AND SMALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF
DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND TERM EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET FUND bALANCES (INSTITUTIONONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT EPS AND EURODOLLARS HELD BY
INSTITUTION-ONLY MONEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE HMDAS.
SHALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUED IN AMOUNTS OF L&SS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS 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-

10/



H.6 (603)
Tabs* 4

OPPONENTS OF LIQUID ASSETS AND DEBT
Billions of doilars, seasonally adjusted

4
savings bonds

Date

Non-M3 components of L
bankers acceptances2
short-term treasury
securities1

4

commercial paper*

Deb components
federal debt
1
non-federal debt

1985-JAN.
FEB.
flAfi.

74.5
74.9
75.J

266.7
270.4
274.8

43.3
45.0
46.3

159.6
164.8
169.8

1384.9
1399.5
1*09.6

4633.5
4675.6
4722.1

*PR.
JUNE

75.7
7b. 1
76.5

276.0
277.4
282.6

45.9
44.5
42.8

168.9
168.6
164.7

1423.6
1442.3
1459.6

4770.9
4816.7
4863,8

JULY
AUG.
SEPT.

76.7
77.2
78.0

279.9
278.1
281.3

42.2
42.2
42.5

171.1
182.0
186.6

1479.9
1497.0
1506.8

4912.5
4964.7
5019.9

OCT.

78.5
79.0
79.5

281.4
299.5
304.4

43.9
43.1
41.1

191.7
196.8
210.2

1518.0
1548.5
1586.0

5076.1
5132.9
5216.7

1608.5

5297.2

a AY

soy.
DSC.
1986-JAN.

P

!

CONSISTS OF U.S. TREASURY BILLS AMD COUPONS UlTd REfiAINING HATURITIES OF LESS THAN 12 flONTRS HELD BY OTHER THAM DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, HONEY HARKET flUTUAL FUNDS AND FOREIGN ENTITIES.
2/ NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEH AND HONEY fiARKET SUTUAL FUHDS1/ TOTAL CQSHBBCIAL PAPER LESS COflflERCIAL PAPER HELD BY HONEY HAR&ET MUTUAL FUNDS.
4/ • DEBT DATA A2E ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING EMD-OF-flOMTfl LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.
1/




M.8 (508)
Table 5

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

Other checkable deposits
Date

Currancy

1

Travelers
checks 1

Demand
deposits 1

Overnight
at commercial
banks4

at thrift
institutions8

total

In M2*

7

in M3 only

RPs*

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

1985-PBB.
HAfi.

158.5
159.8

5.0
5.1

244.6
245.9

107.7
109.9

42.8
44.4

150.6
154.2

1856.6
1865.9

611.1
616.0

51.3
50.9

13.3
12.4

175.1
177.6

APB.
HAT
JURB

161.1
163.1
165.1

5.2
5.4
5.9

254.6
251.0
259.4

114.1
110.5
113.8

46.7
46.5
48.4

160.8
157.0
162.2

1861.3
1867.6
1888.0

615.0
619.9
617.3

45.6
48.5
48.1

12.0
12.8
12.7

176.2
172.2
175.4

JULY
AUG.
SEPT.

166.8
167.7
167.6

6.5
6.6
6.2

261.8
260.4
265.0

115.0
117.0
119.0

49.5
50.3
51.3

164.5
167.3
170.3

1901.4
1908.9
1911.9

609.8
616.4
624.0

48.3
49.4
50.2

12.4
14.2
13.9

175.8
176.8
176.7

OCT.
ROT.
DEC.

168.4
170.7
173.1

5.9
5.6
5.5

265.6
269.0
281.3

119.7
122.5
125.7

52.5
53.8
54.4

172.2
176.3
180.0

1921.6
1927.4
1933.8

629.5
636.1
639.3

50.4
51.9
52.5

14.2
13.8
16.7

177.0
176.8
176.5

1986-JAN.
FEB.

170.5
170.6

5.5
5.6

275.1
262.0

128.0
126.7

54.3
54.2

182.3
180.9

1943.8
1950.3

652.6
661.2

49.2
51.7

18.0
15.3

177.7
180.9

50.1
49.3
51.0
53.8

16.0
14.3
15.4
15.9

180.0
180.6
180.9
180.9

54.9
51.8
51.8

15.3
15.0
16.4

182.1
183.9
185.4

WEEK EROIRG:
1986-FBB.

BAR.

3
10
17
24

169.2
171.4
171.2
169.9

262.7
263.8
261.8
260.0

125.0
128.0
126.4
126.0

53.6
55.1
54.1
53.6

178.6
183. 1
180.4
179.6

3
10 P
17 P

170.2
172.8
172.5

263.6
268.6
268.0

127.3
130.6
129-2

54.7
56.7
56.1

182.0
187.2
185.3

i

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




CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BARKS ARD TUB fAULTS OF COMMERCIAL BARKS. EXCLUDES THE ESTIHATED
AHOURT OF YAULT CASH HELD BY THRIFT IHSTITUTIORS TO SERIICE THEIR OCD LIABILITIES.
OUTSTANDING ABOURT OF U.S. DOLLAR-DBHOHIHATBD TRAVELERS CHECKS OF ROHBARK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORY
IRSTITUTIORS ARE IRCLUDED IR DEBAHD DEPOSITS.
DEBAHD DEPOSITS AT COHHERCIAL BARKS OTHER THAR THOSE DUE TO DOHESTIC BARKS, THE U.S. GOVERRHBHT ARD FOBEIGR BARKS ARD
OFFICIAL IRSTITUTIORS, LESS CASH ITEBS IR THE PROCESS OF COLLECTIOR ARD F.H. FLOAT, LESS THE ESTIMATED ABOURT OF DEBARD
DEPOSITS HELD AT COMMERCIAL BARKS BY THRIFT IRSTITUTIORS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF NOR ARD ATS BALARCES AT COMMERCIAL BARKS, U.S. BRARCHES ARD AGERCIES OF FOREIGR BARKS, ARD EDGE ACT
CORPORATIONS. IHCLUDES SUPER NORS OF $47.9 BILLION IR THE REEK ERDED MARCH
3, $48.8 B1LLIOU LB THE REEK ERDED
MARCH
10, ARD $48.5 BILLION IR THE REEK ERDED MARCH 17.
CONSISTS OF ROR ARD ATS BALARCES AT SAVIRGS ARD LOAR ASSOCIATIONS ARD MUTUAL SAVIRGS BARKS, CREDIT URIOR SHARE
DRAFT BALARCES, ARD DEHAHD DEPOSITS AT THRIFTS. IRCLUDES SUPER RORS OF $19.5 BILLION IR THE REEK EUDED MARCH 3,
$20.1 BILLION IR THE REEK ERDED MARCH 10, ARD $19.9 BILLION IR THE REEK ERDED MARCH 17.
SUM OF OVERRIGHT RPS ARD EURODOLLARS, HORBI MARKET FURD BALARCES (GEHERAL PURPOSE ARD BRQKiEBi/DEkLESi) , HMDAS ARD SAVIRGS
ARD SHALL TIME DEPOSITS LESS THE ESTIHATED AMOUHT OF DEBARD DEPOSITS ARD VAULT CASH HELD BY THRIFT IRSTITUTIORS TO SERVICE
THEIR TIME AMD SAVIRGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AMD EURODOLLARS OF U.S. RESIDENTS, MOREY MARKET FURD BALARCES (IRSTITUTIOH-OH1Y), LESS A
COHSOLIDATIOH ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERRIGHT RPS ARD EURODOLLARS HELD BY INSTITUTION-ONLY
HONEY MARKET MUTUAL FUNDS.
CONSISTS OF OVERRIGHT ARD CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BARKS TO OTHER THAR DEPOSITORY IRSTITUTIORS ARD
MOREY MARKET MUTUAL FURDS (GENERAL PURPOSE AND BROKER/DEALER).
ISSUED BY FOREIGN BRANCHES OF U.S. BANKS RORLDMIDE TO U.S. RESIDENTS OTHER THAN DEPOSITOR! IRSTITUTIORS AND
MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).

H.6(508)
Table 5-continued

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

Money market deposit accounts
at
_____
total
thrift
commercial
institutions
banks

Savings depositsi
at
thrift
commercial
Institutions
banks

_

total

Small denomination time deposits2
_ _ _ _ _ at
thrift
commercial
total
banks
Institutions

3
Large
__ denomination time deposits
at
thrift
commercial
total
institutions
banks4

289.%
294.1

161.0
166.1

450.5
460.2

120.4
120.6

167.7
169.2

288.2
289.8

384.1
383.7

501.7
498.7

885.8
882.4

263.1
266.9

154.2
152.6

417.3
421.5

JOHE

295.3
298.4
307.5

166.6
168.0
170.6

462.5
466.4
478.1

121.0
121.8
123.2

169.7
170.4
172.2

290.6
29-.2
295.4

383.8
385.2
386.5

498.0
498.2
499.9

881.8
883.5
886.3

269.2
268.5
265.5

152.7
155.1
154.9

421.9
423.6
420.4

JOLI
AUG.
SEPT.

313.2
317.9
321.3

174.0
177.3
178.5

487.2
495.2
499.8

124.4
124.Q
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

867.1
882.5
880.5

263.0
267.5
272.6

153.1
153.9
155.1

416.1
421.4
427.6

OCT.
10?.
DEC.

324.4
329.3
332.5

179.8
180.3
179.6

504.2
509.6
512.1

124.6
124.3
123.5

178.3
179.0
178.3

302.9
303.3
301.9

384.8
384.2
364.8

496.5
496.4
497.7

881.3
880.6
882.5

276.3
276.2
280.9

156.2
157.0
157.8

432.6
435.3
438.7

1986-JAH.
FEB.

336.8
337.0

179.1
179.5

515.8
516.5

123.9
123.6

178.8
179.0

302.7
302.7

386.5
386.9

502.6
504.9

689.2
891.8

268.5
290.2

159.0
160.6

447.5
450.8

1985-FEB.
HAB.
APR.

HAX

WEEK
1986
FEB.

HAH.

V
2/
3/

!

EIDIIG

3
10
17
24

335.6
336.6
336.7
337.7

123.3
123.7
123.6
123.6

386.7
387.0
387.0
387.0

290.3
291.3
290.8
269.2

3
10 P
17 P

338.4
339.7
340.5

123.7
124.5
124.8

386.9
387.2
387.1

288.1
287.2
287.6

SAfHCS DEPOSITS EXCLUDE HHDAS.
SHALL DEIOHIIATIOI TIES DEPOSITS ~ IICLUDIIG DETAIL EPS — ABE THOSE ISSUED II AHOUITS OF LESS THAI $100,000. ALL
INDIflDUAL BETIBEHEIT ACCOOITS (IRA) AID KBOGH ACCOOITS AT COHHEBCIAL BAIKS AID THRIFTS ARE SUBTRACTED FROH SHALL
TIHE DEPOSITS.
LARGE DEIOHINATIOH TIHE DEPOSITS ARE THOSE ISSUED II AHOUHTS OF $100,000 OB HORB, EICLUDIIG THOSE BOOHED AT IITEBIATIOIAL
BANKING FACILITIES (IBFS)•
LARGE DEIOHINATIOH TIHE DEPOSITS AT COHHERCIAL BAIKS LESS THOSE HELD BI HONE! HARKET HUTUAL FOIDS, DEPOSITORI
IHSTI-U1IOIS AID FOREIGI BAIKS AID OFFICIAL INSTITUTIONS.




Hsasm

COMPONENTS OF THE MONEY STOCK, UQUiO ASSETS AND DEST
8*n<ont of ixiUnn not mtorttily *djw»t**
8KW

Rwi

tastttifUon

Otto

•t thrift
tnttfttition*

»fit

..

^Jhwwnll^-.

62-2
59.*

29.9
30,7

28.6
27.9

56.4
58.7

APE,
847
>*<I8*

59.6
63.5
67.1

32.5
31.2
31.8

2?.2
26.5

80.9
61.4

♦*,7

59.8
57.7
57,1

30X7
40$*
SEPT.

85.0
83.6
82*3

29.8
30.8
30.9

-U.9
26.7
27.6

55,7
57.1
58,5

OCT.
807.
MC.

63.3
6**5
64.6

30.2
31.3
31.6

29.6
31.7
34,1

59.5

1986-J4B.
FIB,

86.8
67*2

33.1
38*9

35. 5#
35. 5«

3
10
17
28

67.8
67.2
88*6
67.8

38,6
35,1
35.6
34,2

3
10 9
17 9

67.5
68.3
70.1

34,8
35,6
35,3

198^ - * 1 8 *
3148.

8K3
4M*«7

4657.0
4691.8

74.9
75»J

79.2

75.6
76.1
76.5

278.6
272.1
260.2

76.6
80.0
80.2

76.6
77.1
78.0

260.6
281.2
2**.1

62.0
82.8
43. «

173.1
161.0
187.8

1475.6
1495.6
1506.9

4693.9
4945*0
5002.4

63.0
6S.7

79.6
79.8
77.2

78.5
79.0
79.6

281.1
295.7
301.6

63.8
43. J

193.6
199.1
203,8

1515.5
1544.2
1583.7

5062.5
5131.5
5211.6

68. 5*
70. 46

/5.9
78,7

1606.7

5291.8

1627.1 I 4736;9
1443.6 ! 4767.8
1457.9 I 4841.1

42-:

888K B 8 0 I 1 6 1

<•.»«»•»«>,.«■ «w»«mmm
1986 ~ * 8 8 *

848*

1/
>•
f

• .»

T«Ci!t 3?S 4 8 1 780S8 8178 C&XOXBXt 849081718$ « * & 4 7 M 7 * 4 * 086 0 4 7 , 8XCi.il»X8?5 COMTXB8XBG CQ9?hA£*$ * * » B8t4Xl» EPS. XBC^808S
A etlA-X"***
S 8 4 U . 480067 OF 07888X887 MPS 47 7H8XF7 X8SXX787XOB$,
r^c3 EtJS0»0U»4SS 4B8 780S8 8X78 0BISX84I. 84708X7X85 0B64718 7848 OBK 0 4 7 . C0BSX57S OF 78058 XSSOJtO 7 0 8 . 8 . BBSXDBB7S 67
V083161 BBXMCMS Of U . S . BABKS 80XU>*XD8 4 * 0 Bi 4 U . *A*JUtf0 OFFICES 78 78S 88X788 XX86DO* 488 CANADA. 8XC1006S 780S8 681.0
:l iiZMSiimt
ISStXtVllV**
480 80881 84BX87 8U7C4X F68D3.
.T'.SXS73 OF 3 . 8 . T886SU8I BXU.S 480 COUPONS BA78 *Bl*4X8l8G 8478BX7XXS OF I.BSS 7848 12 HO*?**.; U£*A* ft* 07888 7848 SBM&tTOB?
.w*7n8-::,v»(J, FBSBBAi, 8 8 3 1 * 9 1 B4BKS, 809Bt 844KK7 8M7U4X FOBDS, 480 FOftBXGB 8 * 7 X 7 * 8 $ .
SsT OF 84888^8 4CC£?768C1S UStO 8 * ACCBF7XB0 8AKX5, F8*8B*JU fttSBBVfi * * * 8 * . f06*XG8 0FF*Ct*!< 168^CtU91088 # 7 8 8 F88184I.
8088 LOA5 3 4 8 * $72728 488 8 0 * 8 1 888X87 887841. 4 0 * 0 $ .
TOTAL 10881BCXAI. 3>4P£8 LESS C08888C14X P4F88 881.0 8 1 80681 648X67 81/7841. FClU/S.
>»3T 0424 4 8 1 08 4 80*78X7 4tB»4<5B 64SXS* J»KV3r«l i» H? £?«g«4ttl*e EftC-fj..'* 8 0 * 7 8 X6*«JU3 OF A:MA«:.~;4'I 8 \vfiiS# 4 8 8 8 4 7 8 2888
4&J'J$»8fc *0 8fc*f>*8 !>l*CO 87X8017X8$.




»<6<5Gftt
Tabled

MEMORANDUM ITEMS
Stit'tms of dcttar*. not *#osooa*ty a«l|tiftt«d
[fasnam! dapoatta at baate QUO tot
"
j

oamano
l at c:#tuiHrfctt* f 49v*.% «s a«d

'.omrwcia* |

tWi
an* :***.H
»n*rttv'tCftt

of V-.<l
:

* * * * *

fca*k* and :
• **»««;:'* offtc*at

♦

i
198 V* ran.
HAS.

«

IRA h»*i K««gh. ACCOM'S

US ^cwWMftt 4«pO»i*J

t*«n« tod
taringa

t

O«KJ W V I ^ $

• •♦# <"*c
o*?.*#*<'aat
t l*f v»a*«r*«.«» i fcor nrreial
.
r.nr«s

8.7
7.8

2.1
1.9

8.8
*.6

J.t
4.6

4.3
3.6

12.7
9.2

^u. 1
!b.6

1.3
1.2

47.0
*8.4

64*0
96.4

7.7
7.9

M8.7

7.7
8.0
8.0

1.9
2.1
2.0

8.4
6.3
6.3

JU*
3.1
3.4

*.*
6.7
2.8

U.S
17.8
11.4

• 2.0
27.6
17.7

1.1
1.2
1.2

t>5. 1
>5.9

70.4
71.9
/J.4

8.6
8.6
8.4

132.5
135.6
137.7

1.9
2.0
2.1

8.3
8.2
6.2

3.1
2.8
3.4

4.0
3.0
4.3

20.0
10.6
13.4

^7.0
U.4
21. 1

1.2
1.3
1.3

S6.7
57.4
57.6

75.3
76.6
76.1

8.5
8.4
6.3

140.4
142.6
144.3

API'.
«A7
JUaB

i

JUL!
kUii.
SB*T.

j
|
:

8.1
7.8
8.1

OCT.
90f.
DEC.

I
j
j

6.2
8.1
6.5

1.9
2.1
1.9

8.3
8.4
6.3

3.0
3.0
3.4

3.1
2.8
3.4

2.4
4.6
11.1

8.5
10.7
17.9

1.3
1.3
1.4

58.2
58.1
59.2

79.0
79.5
60.9

8.4
8.4
8.3

145.7
146.6
148.4

8.8
8.3

2.0
1.9

8.0
7.8

3.6
3.3

10.5
7.5

20.5
21.0

J4.5
31.7

1.3
1.4

60.7
42.5

81.9
63.0*

8.6
8.9*

151.2
154.4«

3
10
17
24

7.6
7.9
7.8
9.5

2.2
1.6
1.7
1.8

7.8
7.6
7.8
7.7

3.3
3.3
3.2
3.4

15.6
7.2
5.8
7.4

23.4
21.0
20.3
21.1

42<*3
31.5
29.3
31.9

1.4
1.4
1.4
1.4

3
10 *
17 *

8.0
9.1
6.4

2.0
1.8
1.9

7.7
7.6
7.5

3.0
3.3
4.5

4.9
3.7
3.2

20.2
11.3
8.1

26.1
18.2
15.8

1.4
1.6
1.4

1986~JA8.
f£8.
i£BK nomad
1986
tt*B.

corwttfttftt

8A8.

e * estimated



SPECIAL SUPPLEMENTARY TABLE
Monthly Survey of Selected Deposits and Other Accounts
At A l l Insured Commercial Banks and A l l Mutual Savings Banks
January 29, 1986 and February 26, 1986

(not seasonally adjusted)
[~
Insured Commercial Banks
1 Amount Outstanding ($mil) | Average Rate Paid (X) | Number of Issulng Banks
January 29 | February 26 1 January 29 [February 26 !
January 29 (February 26

Liability Categories
NOW accounts2*
(standard error of the estimate)

!
1

Money market deposit accounts3*
Interest-bearing tlae deposits with
balances of less than $100,000
with original maturities of:*
7 to 31 days
(standard error of the estimate)

114,380
(736)

118,110
(848)

5.75

5.74

13,626

13,633

335,624

338,411

6.73

6.67

12,809

12,838

6.82

6.84

8,131

8,123

7.14/^

7.13

12,643

12,607

7.49/1

7.47

13,432

13,416

5,040
(378)

5,190
(368)

32 to 91 days
(standard error of the estimate)

21,692
(590)

21,620
(695)

92 to 182 days
(standard error of the estimate)

146,290
(2,231)

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

67,046
(1,628)

67,706
(1,636)

7.78

7.77

12,976

13,041

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

82,468
(1,731)

83,409
(1,755)

8.23

8.21

12,949

12,928

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

117,809
(1,891)

119,065
(1,892)

8.65

8.58

12,840

12,894

All IRA/Keogh Plan deposits5
(standard error of the estimate)

61,783
(540)

63,119
(555)

N.A.

N.A.

13,045

13,167

Retail repurchase agreements^
(standard error of the estimate)

1,168
(191)

1,182
(230)

6.74

6.74

2,899

2,874

NOW accounts2*
(standard error of the estimate)
!

N.A.
(N.A.)

N.A.
(N.A.)

N.A.

N.A.

N.A.

N.A.

29,777
(84)

29,813
(83)

6.96

6.95

339

339

6.83

114

114

7.10

289

|

289

Interest-bearing time deposits with |
balances of less than $100,000
with original maturities of:*
7 to 31 days
(standard error of the estimate)
1

196
(31)

221
(38) 1

6.58

32 to 91 days
(standard error of the estimate)

966
(62)

958
(64) |

7.06

92 to 182 days
(standard error of the estimate)

1

(2,206)

State-Chartered Mutual Savings Banks
|
Amount Outstanding ($u£TY
Average Rate Paid (Z)
Number of Issuing Banks |
January 29 February 26
January 29
February 26
January 29 February 26 1

Liability Categories

Money market deposit accounts^*
(standard error of the estimate)

145,180

1

^

/

20,777
(484)

20,551
(482)

7.72

7.74

337

1

337

12,894
(307)

13,003
(238)

8.21

8.23

332

|

332 1

12,378
(97)

12,584
(106)

8.55

8.53

I

330

330

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

19,922

20,145
(73)

9.03

9.02

|

347

347

All IRA and Keogh Flan deposits5
(standard error of the estimate)

10,476
(211)

10,704 |
(218)

N.A.

75
(48)

78 !
(51) |

6.66

1

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

Retail repurchase agreements6
(standard error of the estimate)

1
1

. aw
1

|

N.A.

343

6.98

28

!

343
28

1

1
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 banks.
2. As of January 1, 1986 Interest rate ceilings were removed from all NOW accounts. Beginning with the January 1986
data the NOW account category Includes all NOW accounts, including those accounts which were subject to a 5.25 per­
cent regulatory interest rate restriction prior to January 1, 1986.
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 eligibility, 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 aay permit unlimited withdrawals by mail, messenger, or in person.
Estimates for this category of deposits are based on data collected by the Federal Reserve from weekly deposit
reports submitted by about 10,500 commercial banks.
4. All Interest-bearing time certificates and open account time deposits with balances of less than $100,000,
including those held in DtAs and Keogh Flan deposits.
5. All IRA/Keogh Plan time deposits regardless of sire, type of instrument in which held, or interest rate paid.
6. Retail repurchase agreements are in denominations of less than $100,000 with maturities of less than 90 days
that ariae from the transfer of direct obligations of, or obligations fully-guaranteed aa to principal and interest
by, the U.S. Government or an agency thereof.
* As of January 1, 1986 the $1,000 minimum balance requirement on Super HOW and MMDA accounts was removed.