Full text of H.6 Money Stock Measures : May 19, 1988
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
D? COv,
FEDERAL RESERVE statistical release
These data are scheduled for release each Thursday at 4:30 p.ir
H.6 (508)
Table 1
MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES
MAY 19, 1988
Billions of dollars
Date
Ml'
M2 2
Debt5
M3 J
Seasonally adjusted
SEP.
OCT.
NOV.
DEC.
651.7
661.3
670.8
680.5
687.4
694.9
706.4
725.4
2652.
2677.
2702.
2725.
2743.
2766.
2782.
2807.8
3319.7
3347.2
3377.2
3403.7
3429.8
3448.5
3464.5
3491.5
3953.9
3978.8
4009.8
4036.2
4064.4
4083.9
4105.2
4134.9
7063.2
7129.0
7194.7
7280.8
7365.2
7429.5
7511.3
7607.1
1987-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.
731.4
731.3
734.2
744.7
746.5
742.1
743.6
746.5
747.5
756.2
752.7
750.8
2827.8
2829.3
2834.
2847.
2849.
2851.
2858.
2869.
2880.
2894.6
2896.5
2901.0
3516.2
3524.6
3532.9
3549.8
3564.3
3580..1
3587..6
3605..5
3620..5
3642..0
3656..5
3660.8
4163.8
4175.9
4174.
4189.
4217.
4232.
4235.
4257.8
4283.5
4312.5
4324.2
4325.4
7676.8
7717.7
7764.
7827.
7894.
7953.
7997.
8051.
8114.
8180.
8259.
8318.8
1988-JAN.
FEB.
MAR.
APR. p
758.9
759.6
763.1
770.2
2924.9
2946.1
2967.7
2992.3
3&86.0
3717.8
3740.4
3761.8
4363.5
4398.8
4424.3
8377.1
8452.7
8523.1 p
1986-MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
orx.
645.7
663.5
674.0
679.1
685.2
692.8
709.5
740.6
2641.2
2676.4
2707.6
2723.7
2737.9
2766.0
2785.7
2821.5
3309.6
3343.8
3376.
3400.
3426.
3448.
3471.
3508.
3938.3
3975.3
4003.1
4029.5
4058.3
4083.3
4113.4
4153.0
7034.3
7103.1
7170.2
7258.8
7350.1
7411.9
7485.8
7592.8
1987-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.
737.5
717.1
723.5
752.5
739.9
744.4
746.8
745.0
745.2
753.7
756.0
765.9
2839.
2817.
2826.
2855.
2836.
2850.
2862.
2868.
2875.
2895.
2900.
2914.
3528.
3513.
3526.
3555.
3552.
3576.
3585.
3602.8
3618.4
3642.0
3663.8
3677.4
4181.7
4171.3
4173.6
4191.3
4200.9
4229.1
4226.6
4250.6
4278.6
4312.8
4334.1
4343.5
7659.6
7683.7
7732.8
7796.3
7861.6
7925.7
7975.4
8032.8
8100.3
8164.2
8233.1
8302.6
1988-JAN.
FEB.
MAR.
APR. p
764.8
745.1
752.3
778.4
2937.2
2933.4
2959.1
2999.9
3698.5
3706.3
3733.5
3766.7
4382.2
4394.5
4423.0 p
8358.9
8416.9
8491.0 p
1986-MAY
I JUNE
JULY
4 AUG.
Not seasonally adjusted
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
0ebt]
3 Months from JAN. 1988 TO APR. 1988
6.0
9.2
8.2
9.8
6 Months from OCT. 1987 TO APR. 1988
3.7
6.8
6.6
10.1
12 Months from APR. 1987 TO APR. 1988
3.4
5.1
6.0
9.8
8, 1988 (13 weeks previous*)
5.5
8.7
8.1
9, 1987 (26 weeks previous)
3.7
6.2
6.5
11, 1987 (52 weeks previous)
3.6
4.8
5.8
Thirteen weeks ending MAY 9, 1988
from thirteen weeks ending:
FEB.
NOV.
MAY
Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely>
December 1987 to March 1988> September 1987 to March 1988, and March 1987 to March 1988> respectively.
Footnotes to Table 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 commercial banks and overnight Eurodollars issued
to U.S. residents by foreign branches of U.S. banks worldwide, money market deposit accounts (MMDAs), savings and smalldenomination 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 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 commercial banks and thrift 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 o.f 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 quarter-end
basis and include discontinuities.
H.6 (508)
Table 3
MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
Ml
Period er*ding
13-week.
average
4-week
average
1988-FEB. 15
22
29
755.4
756.1
756.4
762.1
761.8
759.5
M3
r2
week
average
13-week
average
4-week
average
week
average
13-week
average
4-week
average
759.8
762.1
754.9
2915.7
2919.7
2923.5
2940.5
2945.0
2946.1
2946.2
2952.2
2946.0
3677.5
3682.5
3687.6
3707.6
3714.5
3718.2
3720.2
3723.1
3720.8
week
average
MAR.
7
14
21
28
756.9
757.7
758.9
760.2
758.2
758.3
759.3
762.6
755.9
760.3
766.2
768.1
2927.8
2932.6
2938.0
2943.8
2949.3
2953.6
2958.7
2966.5
2952.8
2963.2
2972.7
2977.2
3692.7
3698.8
3705.1
3711.8
3722.2
3726.9
3732.3
3739.1
3724.8
3738.8
3744.7
3748.0
APR.
4
11
18
25
761.2
762.1
762.6
763.7
764.9
766.4
766.4
768.9
765.0
766.3
766.3
777.8
2949.8
2955.9
2960.9
2965.7
2974.0
2981.0
2985.9
2990.7
2982.8
2991.3
2992.2
2996.5
3718.9
3725.6
3731.3
3736.6
3746.8
3752.1
3756.2
3760.2
3755.6
3759.9
3761.3
3763.9
764.6
765.2
771.7
772.4
776.3
769.1
2970.1
2974.7
2994.4
2996.8
2997.6
3000.9
3741.5
3746.5
3763.6
3767.0
3769.2
3773.7
MAY
2p
9p
Not seasonally adjusted
Ml
Period ending
13-week
average
4-week
average
1988-FEB. 15
22
29
760.5
760.1
758.9
748.0
746.6
744.5
M2
13-week
average
4-week
average
746.3
742.5
736.3
2922.4
2925.4
2928.3
2929.6
2931.9
2933.0
week
average
M3
week
average
week
average
13-week
average
4-week
average
2932.7
2934.4
2929.3
3686.7
3690.4
3693.8
3698.7
3702.7
3706.2
3710.4
3704.9
3704.8
MAR.
7
14
21
28
758.1
757.5
756.6
754.9
745.4
747.5
749.8
751.8
756.6
754.5
751.8
744.2
2931.3
2934.7
2938.3
2942.0
2937.8
2944.5
2950.9
2957.7
2954.6
2959.8
2959.9
2956.6
3697.8
3702.3
3706.7
3710.8
3712.2
3718.4
3725.3
3731.9
3728.6
3735.4
3732.4
3731.2
APR.
4
11
18
25
753.8
754.0
755.4
757.4
756.0
763.1
771.8
779.2
773.4
783.1
786.3
773.9
2945.9
2950.7
2956.0
2961.0
2967.2
2980.5
2992.8
3001.3
2992.5
3012.9
3009.3
2990.5
3716.2
3721.7
3727.1
3732.1
3741.9
3752.7
3762.9
3768.6
3768.7
3778.4
3773.2
3754.2
759.0
760.2
777.1
773.6
764.9
769.4
2965.4
2969.6
2998.6
2993.1
2981.7
2990.8
3736.8
3741.2
3764.2
3760.4
3751.1
3762.9
MAY
2p
9p
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 (508]
Table 4
COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars> seasonally adjusted
Nontransactions
components
Date
Currency
1
Travelers
checks2
Demand
deposits3
Other
checkable4
deposits
In M2
5
In M3
only2
Savings deposits7
At
commercia 1
banks
At
thrift
institutions
Small time deposits8
Total
At
commercial
banks
At
thrift
institutions
Total
1986-DEC.
180.4
6.5
303.3
235.2
2082.4
683.7
155.5
215.2
370.7
364.6
488.6
853.2
1987-JAN.
FEB.
MAR.
182.2
183.6
184.4
6.5
6.7
6.8
299.7
295.9
295.0
243.0
245.1
248.0
2096.4
2098.0
2100.1
688.5
695.3
698.6
160.5
164.6
168.1
220.1
225.1
228.2
380.6
389.7
396.3
363.6
362.2
360.8
487.0
485,9
486.2
850.6
848.1
847.0
APR.
MAY
JUNE
185.6
187.0
187.8
6.7
6.7
6.8
299.3
298.9
293.3
253.1
253.9
254.3
2102.7
2102.7
2109.6
702.4
715.2
728.4
171.4
174.0
175.3
232.7
235.5
237.8
404.1
409.5
413.1
358.9
359.0
361.6
486.1
487.0
490.5
845.1
845.9
852.1
JULY
AUG.
SEP.
189.0
190.2
191.4
6.8
6.9
7.0
292.3
292.1
290.5
255.6
257.2
258.6
2114.5
2123.0
2133.4
729.5
736.0
739.7
176.9
178.3
178.7
238.7
239.5
240.0
415.5
417.8
418.6
364.4
366.7
368.3
494.7
499.1
503.8
859.1
865.9
872.1
OCT.
NOV.
DEC.
193.1
195.0
196.5
7.0
7.0
7.1
295.9
291.3
288.0
260.3
259.5
259.3
2138.3
2143.7
2150.1
747.4
760.1
759.8
178.4
178.2
178.2
238.6
236.8
236.0
417.0
415.0
414.3
374.2
381.6
384.6
509.1
520.1
528.5
883.3
901.7
913.1
1988-JAN.
FEB.
MAR.
198.4
199.3
200.9
7.2
7.3
7.3
289.9
287.8
287.9
263.4
265.2
267.1
2166.0
2186.5
2204.5
761.1
771.7
772.7
179.0
181.0
183.2
235.3
235.2
236.6
414.3
416.2
419.8
388.0
393.7
397.5
536.6
547.8
556.0
924.6
941.5
953.5
APR.
202.5
7.3
290.1
270.3
2222.1
769.5
184.1
238.5
422.6
402.4
562.5
964.9
200.2
201.3
202.2
286.
289.
289.
266.3
268.6
269.4
2202.9
2206.5
2209.0
775.
772,
770.8
183.1
183.7
183.5
236.6
237.0
237.3
419.7
420.6
420.8
396.5
397.6
398.8
555.
557.
557.
952.
954,
956,
201.8
202.1
202.2
203.2
289.
291.
287.
292.
266.0
265.6
269.0
274.4
2217.7
2225.0
2225.9
2218.7
772.
768.
769.
767.
183.8
184.1
183.9
184.0
237.5
238.4
238.8
238.9
421.
422.
422.
422.
400.
401.
403,
403.
557.
560.
562.
564.
957,
962,
965,
967,
288.8
286.8
277.0
272.1
2221.3
2231.8
771.
772.
184.5
185.2
238.7
238.8
4.23.
424.
403.
404.
565.9
566.8
969,
971.
Meek ending
1988-MAR. 14
21
28
APR.
MAY
4
11
18
25
2p
9p
203.3
202.9
7.3
7.3
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 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 all depository institutions, credit union share draft balances and demand deposits at thrift institutions.
Sum of overnight RPs and overnight 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 term 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 funds. This sum is seasonally adjusted as a whole.
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,
-indicates estimated data.
p--indicates preliminary data.
1.
2.
H.6 (508)
Table 4-continued
COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars, seasonally adjusted
Large time deposits1
At
commercial
banks 2
Date
Debt components6
Non-M3 components of L
At
thrift
institutions
Total
Savings
bonds
Short-term
Treasury
securities3
Bankers
acceptances4
Commercial
paper5
Federal
debt
Non-federal
debt
1986-DEC.
288.9
150.3
439.2
91.6
284.2
37.8
229.9
1804.5
5802.6
1987-JAN.
FEB.
MAR.
291.8
295.3
298.2
148.6
147.9
147.4
440.4
443.1
445.6
92.5
93.3
94.2
280.8
280.0
267.7
38.0
38.9
39.6
236.3
239.0
239.9
1818.7
1832.9
1850.0
5858.2
5884.8
5914.6
APR.
MAY
JUNE
303.1
308.1
311.9
145.8
145.9
146.7
448.9
454.0
458.6
95.1
95.9
96.6
257.6
261.6
259.6
40.9
42.1
43.1
246.3
253.7
252.8
1861.7
1874.4
1886.0
5965.7
6019.8
6067.9
JULY
AUG.
SEP.
312.2
312.8
313.8
148.0
149.6
151.5
460.2
462.4
465.3
97.5
98.1
98.4
254.8
258.9
263.7
43.4
43.5
44.3
251.8
251.8
256.6
1888.9
1902.8
1913.1
6108.6
6148.4
6201.3
OCT.
NOV.
DEC.
317.5
322.3
323.5
154.8
158.1
161.2
472.3
480.5
484.7
98.8
99.3
100.2
273.0
270.9
259.8
44.5
45.0
45.7
254.2
252.5
258.9
1919.3
1939.5
1952.4
6260.9
6319.5
6366.4
1988-JAN.
FEB.
MAR.
320.2
324.8
326.4
162.7
164.9
165.1
482.8
489.7
491.5
101.4
102.6
103.5 p
263.5
263.5
262.3 p
43.5
40.9
38.9 p
269.0
274.1
279.2 p
1960.8
1979.2
2004.4 p
6416.3
6473.5
6518.7 p
325.5
167.2
492.7
327.1
326.1
325.1
164.7
165.1
165.5
491.8
491.3
490.6
326.4
325.3
325.2
325.2
166.6
167.0
167.3
167.4
493.0
492.2
492.4
492.5
325.9
326.5
167.9
168.2
493.8
494.7
APR. P
Week ending
1988-MAR. 14
21
28
APR.
MAY
4
11
18
25
2p
9p
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.
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.
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201.
APR
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1988-
H.6 (508)
Table 5-continued
COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars> not seasonally adjusted
Savings deposits1
Monay market deposit accounts
At
At
commercial
thrift
banks
institutions
Date
Total
At
At
commercial
thrift
institutions
banks
Small-denomination time deposits2
Total
At
At
commercial
thrift
banks
institutions
Total
Large-denomination time deposits3
At
At
commercial
thrift
banks 4
institutions
Total
1986-DEC.
379.6
192.9
572.5
154.2
212.9
367.0
365.3
489.7
855.0
289.1
150.7
439.8
1987-JAN.
FEB.
MAR.
382.0
378.8
378.8
193.4
193.2
193.0
575.4
572.0
571.8
159.7
163.2
167.4
218.1
222.9
227.9
377.8
386.0
395.4
364.7
362.3
360.2
490.3
488.1
486.3
855.0
850.4
846.4
292.5
295.1
300.0
149.5
148.9
147.5
442.1
444.0
447.5
APR.
MAY
JUNE
376.1
369.7
368.5
190.7
188.9
186.6
566.8
558.6
555.1
172.3
175.0
176.8
233.6
237.4
240.4
405.9
412.4
417.3
356.3
356.2
360.4
484.6
483.0
487.4
840.9
839.1
847.8
302.7
308.7
311.2
144.5
145.1
145.7
447.2
453.7
457.0
JULY
AUG.
SEP.
366.2
365.0
363.3
183.3
180.0
177.2
549.4
545.0
540.5
178.7
178.5
178.2
241.8
240.0
239.2
420.5
418.5
417.3
364.9
367.9
370.0
494.7
499.0
503.2
859.6
866.8
873.2
309.7
312.3
314.1
146.8
149.4
151.8
456.5
461.7
465.9
OCT.
NOV.
DEC.
360.0
358.1
358.2
173.9
169.6
167.0
533.9
527.7
525.2
178.6
177.5
176.7
239.3
235.7
233.3
417.8
413.2
410.0
375.1
382.6
385.2
510.5
521.1
529.3
885.6
903.8
914.6
317.3
322.4
323.6
155.7
159.0
161.8
473.1
481.3
485.4
1988-JAN.
FEB.
MAR.
358.9
359.1
360.8
165.1
163.5
163.8
524.0
522.5
524.5
178.1
179.4
182.5
233.0
232.8
236.1
411.2
412.2
418.6
389.4
394.1
397.2
540.1
550.4
556.6
929.5
944.5
953.8
321.3
325.1
328.5
163.8
166.0
165.3
485.0
491.1
493.8
360.0
163.0
523.0
185.0
239.4
424.4
399.5
561.1
960.6
325.4
165.7
491.1
361.3
360.8
360.5
163.
163.
163.
525.
524.
524.
182.
182,
183.
235.
236,
236.8
417.7
419.2
420.0
396.8
397.4
397.9
556.
556.
557,
952,
954,
955,
328,
328,
329,
165.
165.
165.
493.
493.
494.
362.1
363.6
361.8
356.9
164.
164.
163.
161.8
526.3
528.0
524.8
518.7
185.1
186.1
184.6
184.3
239.7
240.8
239.3
238.4
424.8
426.9
423.9
422.7
398.6
399.2
399.7
399.9
559,
560,
561,
562,
957.9
959.3
960.8
962.0
328.
326,
324.
324.
165.
165.
165.
165.
494.
492.
489.
489.8
355.1
355.9
161.6
162.5
516.
518,
184.8
186.3
239.
240.
423.9
427.2
399.9
400.8
562.4
562.8
962
963
324.
325.
166.1
166.8
490.6
492.5
APR. p
Neek ending
1^88-MAR. 14
21
28
APR.
MAY
4
11
18
25
2p
9p
Savings deposits exclude MMDAs.
Small-denomination time deposits — includinq 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.
Largeydenomination 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 RPs 1
At
At
Institutionthrift
only money commercial
institutions
banks
market funas
Date
Debt components6
Non-M3 Components of L
Total
Term
Eurodollars2
Savings
bonds
Short-term
Treasury
securities3*
acceptances*
Bankers
Commercial
paper5
Federal
debt
Non-Federal
debt
1986-DEC.
84.4
35.4
48.6
84.0
84.9
91.9
286.7
37.4
228.7
1804.0
5788.8
1987-JAN.
FEB.
MAR.
84.4
85.1
85.4
34.1
35.4
34.9
49.5
51.8
52.3
83.6
87.2
87.2
86.5
88.8
88.7
92.7
93.5
94.3
283.6
285.3
273.3
37.8
38.9
39.3
239.3
240.4
.240.2
1817.6
1827.4
1839.0
5842.0
5856.3
5893.8
APR.
MAY
JUNE
83.5
82.1
81.7
38.3
40.6
40.4
56.1
61.9
67.0
94.4
102.5
107.4
83.9
86.7
87.8
95.1
95.8
96.5
257.0
256.8
257.8
40.5
42.2
43.5
243.8
253.6
255.1
1847.4
1858.3
1869.5
5948.9
6003.3
6056.3
JULY
AUG.
SEP.
83.8
84.0
81.3
38.5
39.6
40.3
68.5
67.9
68.8
107.0
107.5
109.2
84.4
90.2
94.4
97.1
97.7
98.3
251.1
257.2
260.8
43.6
43.6
44.4
249.2
249.2
256.8
1872.7
1887.6
1900.1
6102.7
6145.1
6200.1
OCT.
NOV.
DEC.
82.5
89.5
89.6
37.1
39.3
37.5
69.1
69.4
67.9
106.2
108.7
105.4
92.9
92.8
90.8
98.8
99.6
100.6
270.1
274.0
262.7
44.8
45.1
45.1
257.1
251.6
257.8
1909.7
1935.2
1951.9
6254.4
6297.9
6350.8
1988-JAN.
FEB.
MAR.
94.4
98.7
97.4
37.6
42.0
41.9
67.9
66.8
63.8
105.5
108.8
105.7
85.1
84.5
87.6
101.7
102.7
103.6 p
266.2
268.8
267.8 p
43.3
40.9
38.7 p
272.5
275.8
279.4 p
1959.4
1972.3
1991.0 p
6399.4
6444.6
6500.0 p
91.9
41.9
64.1
106.1
86.0
1988-MAR. 14
21
28
99.1
97.0
95.7
42.0
43.1
40.8
63.7
63.6
63.5
105.7
106.6
104.2
87.1
86.6
89.3
4
11
18
25
95.1
93.2
92.3
89.9
43.6
40.7
41.1
41.9
63.8
63.8
63.9
64.2
107.4
104.5
105.0
106.2
88.0
85.3
84.9
85.3
90.1
92.2
43.6
42.2
65.1
66.0
108.6
108.2
87.8
87.7
APR. p
Heek ending
APR.
MAY
2p
9p
1.
Term RPs are those with original maturities greater than one day, excluding continuing contracts and retail RPs. Includes a relatively small amount
of overnight RPs at thrift institutions.
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.
3.
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.
4.
Net of bankers acceptances held by accepting banks, Federal Reserve Banks, foreign official institutions, Federal Home Loan Banks, and money market
mutual funds.
5.
Total commercial paper less commercial paper held by money market mutual funds.
6.
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.
H.6 ( 5 0 8 )
Table 6
MEMORANDUM ITEMS
Billions of dollars> not seasonally adjusted
Demand deposits
at banks due to
U.S. government depos;its
Time and savings
deposits due to
Foreign
Foreign
foreign banks
official
commercial
and official
institutions
banks
institutions
Date
Demand
deposits at
commercial
banks
Balance
at
Federal
Reserve
Note balances
at depository
institutions
Total
cash
balance
IRA and Keogh Accounts
Time and
savings
At
deposits
At
at commercial commercia ,1
thrift
banks
banks
institutions
At
money
market
funds
Total
1986-DEC.
9.5
2.0
4.1
3.7
3.7
15.5
22.9
1.5
72.7
97.2
10.7
180.7
1987-JAN.
FEB.
MAR.
9.9
9.3
8.8
1.9
1.7
1.6
4.1
4.4
4.6
3.7
3.3
3.5
9.6
5.0
3.1
23.8
25.2
13.6
37.1
33.6
20.3
1.4
1.4
1.4
73.7
74.5
75.6
98.1
98.9
100.3
10.8
11.0
11.2
182.6
184.4
187.1
APR.
MAY
JUNE
9.0
9.0
9.3
1.8
2.0
2.0
4.6
4.5
4.5
5.0
3.4
3.6
7.0
16.0
8.7
16.6
27.4
21.8
28.5
46.8
34.2
1.4
1.6
1.6
78.6
79.7
79.8
103.0
103.7
104.6
12.4
13.1
13.3
193.9
196.5
197.7
JULY
AUG.
SEP.
9.3
8.9
9.4
2.0
2.0
1.9
4.4
4.4
4.4
3.3
3.0
4.2
5.3
3.4
10.3
23.3
18.6
21.3
31.9
25.0
35.8
1.7
1.6
1.5
80.2
80.7
81.4
105.4
105.7
106.6
13.5
14.0
14.5
199.2
200.4
202.4
OCT.
NOV.
DEC.
9.5
9.4
9.6
1.8
1.7
1.7
4.4
4.4
4.4
3.2
3.2
3.9
8.9
4.0
4.2
27.4
22.6
18.4
39.5
29.7
26.6
1.5
1.5
1.6
81.8
82.2
82.9
107.1
107.4
108.7
15.4
16.2
16.4
204.4
205.8
208.0
1988-JAN.
FEB.
MAR.
10.0
9.3
9.2
1.7
1.6
1.5
4.4
4.3
4.4
4.1
3.1
3.6
5.6
3.8
2.9
20.8
25.1
18.7
30.5
32.1
25.2
1.6
1.6
1.6
83.9
84.7
85.5
110.0
111.2
113.1
16.6 e
16.8 e
16.9 e
210.6
212.7
215.5
9.0
1.8
4.4
5.4
5.1
16.4
26.9
1.7
87.3
115.2 e
17.6 e
220.0
8.7
9.3
9.2
1.5
1.5
1.4
4.4
4.4
4.3
2.9
5.6
2.5
3.4
2.7
2.5
15.1
23.8
17.7
21.4
32.2
22.8
1.6
1.6
1.7
8.7
9.5
8.3
9.2
1.8
1.9
1.9
1.7
4.3
4.3
4.3
4.4
3.0
3.6
9.3
4.9
3.3
3.5
3.0
3.4
10.0
6.1
9.7
27.3
16.3
13.2
22.0
35.5
1.7
1.7
1.7
1.7
9.1
9.2
1.6
1.7
4.4
4.4
4.9
3.7
14.2
12.7
30.3
31.6
49.4
48.0
1.7
1.7
APR. p
Neek ending
1988-MAR. 14
21
28
APR.
MAY
4
11
18
25
2p
9p
e--indicates estimated data,
p—indicates preliminary data.
H.6 (508)
Special Supplementary Table
Monthly Survey of Selected Deposits and Other Accounts:
March 30, 1988 and April 27, 19881
(not seasonally adjusted)
Insured Commercial Banks
Amount Outstanding ($mil)
Liability Categories
NOH accounts2
Money market deposit accounts
2
Savings deposits3
Average Rate Paid
iX)
Number of Issuing Banks
March 30
April 27
March 30
April 27
4.89
4.88
13,019
12,973
March 30
April 27
176,212
180,628
357,647
353,453
5.34
5.35
12,266
12,223
180,985
181,452
5.24
5,22
12,827
12,781
Interest-bearing time deposits
with balances of less than
$100,000 with original
maturities of: 4
7 to 31 days
6,249
6,304
5.82
5.90
8,373
8,608
32 to 91 days
21,951
21,507
6.03
6.05
12,166
12,123
129,932
129,088
6.50
6.55
13,013
13,064
103,729
106,401
6.86
6.90
12,731
12,784
92 to 182 days
183 to 1 year
95,626
97,508
7.19
7.22
12,885
12,824
123,323
124,566
7.57
7.58
12,693
12,648
All IRA/Keogh Plan deposits5
86,039
88,431
N.A.
N.A.
12,519
12,474
Retail repurchase agreements
989
886
5.47
5.63
2,241
2,190
Over 1 year to 2-1/2 years
2-1/2 years and over
FDIC-Insured Savings Banks
Amount Outstanding ($mil)
Liability Categories
March 30
NOH accounts2
Money market deposit accounts
6,993
2
Savings deposits3
Average Rate Paid (X)
Number of Issuing Banks
April 27
March 30
April 27
7,144
5.24
5.24
338
338
March 30
April 27
32,608
31,823
5.66
5.67
373
373
41,762
41,861
5.46
5.45
384
384
147
142
5.88
5.93
98
91
Interest-bearing time deposits
with balances of less than
$100,000 with original
maturities of: 4
7 to 31 days
2,052
2,121
6.62
6.64
306
305
21,404
21,136
6.90
6.88
378
378
183 to 1 year
26,661
27,002
7.26
7.20
382
382
Over 1 year to ;2-1/2 years
20,938
21,382
7.45
7.44
361
361
2-1/2 years and over
25,069
25,310
7.88
7.88
379
379
All IRA/Keogh Plan depos its5
18,489
18,845
N.A.
N.A.
376
376
Retail repurchase ;agreements
81
101
6.12
6.11
14
14
32 to 91 days
92 to 182 days
NOTE: The lower panel of this table presents data for both mutual and FOIC-insured federal savings banks.
N.A. - Data not available.
*
1. Estimates are based on data collected by the Federal Reserve from a stratified random sample of about 350 commercial banks and 80 savings banks.
2. NON and MMDA account rates are reported as simple annual rates.
3. Savings deposits exclude MMDAs. The savings deposits rate is reported as a simple annual rate.
4. Hith the exception of the 7-31 and 32-91 day deposit rates, which are reported as simple annual rates, time
deposit rates are annual effective yields reflecting the method of compounding reported by the individual
institutions.
5. All IRA/Keogh Plan time deposits regardless of size, type of instrument in which held, or interest rate paid.
@FedFRASER