Full text of H.6 Money Stock Measures : May 22, 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.

Table 1

MAY 2 2 , 1986

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES
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 deposits 2

M2 plus
large time deposits,
term RPs, term Eurodollars
and institution-only
MMMF balances 3

L

Debt

M3 plus other
liquid assets 4

Debt of domestic
nonfinancial sectors'*

Seasonally adjusted

1985—APfi.

flAI

JO ME
JULY
AUG.
SEP1.
OCT.
HO¥DEC
1986—JAM.
FEB.
flAfi.
APB. P

575.7
582.5
590.9
596.2
604.8
611.5
614.2
620. 1
626.6

2434.4
2451.9
2479.0
2496.1
2515.4
2529.5
2538.4
2550.8
2565.7

30 52.0
3069.9
3098.0
3113.3
3131.4
3151.6
3166.1
3181.0
3200.3

3618.9
3638.2
3667.4
3685.2
3713.2
3741.2
3762.4
3798.9
3837.0

6194.5
6259.0
6323.5
6392.6
6462.4
6527.2
6593.6
6679.1
6801.0

627.2
631.1
638.4
646.1

2569.1
2576.9
2591.4
2620.8

3224.1
3240.6
3259.0
3287.7

3860.0
3879.5
3891.0

6904.3
6961.9
7013.9

3627.6
3626.6
3666.5
3664.7
3710.9
3736.8
3759.9
3801.6

6166.0
6231.6
6299.0
6369.8
6441.4
6509.6
6577.5
6663.8
6793.9

3865.2
3871.9
3895.2

6696.7
6940.2
6*65.3

Not seasonally adjusted
1985—API.
HAI
JUME
JULY
AUG.
SEPT.
OCT.
HO 7 .
DSC

581.7
576.5
592.7
599.6
602.0
609. I
612*2
621.7
639.9

2443.1
2444.1
2480.7
2501.0
2510.9
2521.0
2533.7
2549.1
2573.9

3063.9
3098.0
3110.8
3127.3
3145.1
3163.1
3184.5
3213.0

1986—JAM.
FEB.
BAB.
APfi. P

633.5
619.2
630.5
652.9

2577.9
2570.2
2593.4
2630.4

3231.8
3232.6
3259.3
3294.2

3058.1

M1
For period ended
13-week average

1986-AP&.

HAY

MOTE:

Not seasonally adjusted

Seasonally adjusted

4-week average

week average

13-week average

7
14
21
28

633.6
634.7
636.1
637.8

641.8
643.3
645.3

64 5.9
641.4
645.5
64 8.5

628.0
629.1
631.1
633.2

5 P
12 P

640.0
641.9

647.5
65U2

654.7
656.0

636. 1
638.4

041.1

4-week average

week average

642.5
650.8
653.5

657.5
657.2
658.0
641.4

652.7
651.6

654.0
653.0

63*. 1

SPECIAL CA0TIOM SHOULD B£ TAKE*! II HTSAPfiSHSG MEEK-TO-IBE* CflAMGES lH IOMEY HUBPhi DATA, HHICH AHE
HIGHLY VOLATILE AMD SUBJECT TO 3EYISI01I.
P--INDICATES PfiELIBIHAfiY DATA.
FOOTNOTES APPEAfi OH TfiE fOLLftfllMG 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 FROM JAM,

1986 TO APR.

1986

12.1

8.0

7.9

12.5

6 MONTHS FROH OCT.

1985 TO APE.

1986

10. 4

6*5

7,7

14.9

12 MONTHS FROM APR.

1985 TO APR.

1986

U.2

7.7

7.7

THIRTEEN iEEKS ENDING HAY 1 2 , 1986
FROH THIRTEEN KEEKS ENDING;

V
1/

3/

3/

4/
5/

1986 ( 1 3 HEEKS PREVIOUS)

10.0

FEB.

10,

HO?.

1 1 , 1985

(26 HEEKS PfiEVIOUS)

9.8

MAY.

13,

( 5 2 SEEKS PfiEVIOUS)

11.8

1985

GROHTH HATES FOE DEBT AliE BASED ON PERIODS BEHJ.UH1UG AND ENDING ONE MONTH EARLIER THAN FOR THE MONETARY AGGREGATES,
NAMELY, OCTOBER 1985 TO MARCH 1986. SEPTEMBER 1985 TO MARCH 1986, AND MARCH 1985 TO MARCH 1986 # RESPECTIVELY.
FOOTVOTES TO TABLE 1
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF COMMERCIAL BANKS;
(2) TRAVELERS CHECKS OF NONBA1K ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOdEliiU BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS LU THE PROCESS
OF COLLECTION AND FEDERAL RESUME FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER
OF WITHDRAWAL (NOB) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEMAND
DEPOSIT COMPONENTS EICLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, R&SBECtH&Ll,
HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF M1 PLUS OVERNIGHT (AND CONTINUING CONTRACT) EPS ISSUED BY ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS HORLDfllDE, MMDAS, SAVINGS AND SMALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL R P S — I U AMOUNTS OF LESS THAN $100,000), AND BALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER HONEY MARKET MUTUAL FUNDS. EXCLUDES IRA AND &EOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND MONEY MARKET fliHDS. ALSO EXCLUDES ALL BALANCES HELD bl U.S. COMMERCIAL
BANKS, MONEY MARKET FUNDS (GENERAL PURPOSE ANi> BROKER/DEALER), FOREIGN GOVERNMENTS AND COMMERCIAL BkHHSt AND
THE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEBkhD DEPOSITS AND VAULT CASH HLLl) Bl THRIFT INSTITUTIONS TO SE&flCE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF M2 PLUS LARGE DENOMINATION TIME D&POSITS (IN AMOUNTS OF $100,000 OR MORE) AND TERM UP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOUiElGU BRANCHES OF U.S. BkUHS
UORLDHIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES XN iJOTH TAXABLE AND TAX-EXEMPT
INSTITUTION-ONLY HONEY MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, MONEY
MARKET FUNDS, AND FO&EIGfl 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 FUNDS.
CONSISTS OF H3 PLUS THE NONUANK 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 UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONflNANCIAL 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 b&RlVEb FROM THE tk.ok.Ukl HUS&&ME BOARD'S Jr'LON OF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC
NONFINANCIAL SECTORS ARE PRESENTED IN MONTH-AVERAGE FORM, DERIVED BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS. THE
DATA HAVi. ALSO KEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE II THE UNDERLYING FLOW OF FUNDS STATISTICS.
THE PixES£tiTATJLO£< OF bLbT DATA IN THIS RELEASE D1FFE&S, THEREFORE, FROM THE QUARTERLY FLO* OF FUNDS STATISTICS CONTAINED
IN Titc FKDEtiAL EESLttVE RELEASES £.7 Abi> Z. 1. IN 1UOSK RELEASES, PUBLISHED LEVELS OF CREDI'i' MARKET DEBT ARE MEASURED ON
A UUART£R-END BASIS AND INCLUDE DISCONTINUITIES.




H.tftO*
Hbl«3

COMPONENTS OF THE MONEY STOCK
MtMont of ctottaW) ssaaooaiiy aojuslso

Data

Currency'

Tfavatart
... - - . _•
QlWGmMr

fTwmanfi

Mmwno
oapostts*

Othar
cnacfcabJa
dapoarta4

Hi Ml*

lnM3
only*

vajvtnos oapoaits
at
at
oommaictaf
Inflfl
tanks
WlftttutiOJtQ

SUMtttkiwdtpoi

total

•I
CMWWfDH

•I
thrift

Hts*
at
total

1*1 w tfcns tftposHs'
at
Mirift
total

tanks19

161.9
163.2
164.4

i>.5
5.5
5.7

251.8
255.4
259.0

156.5
158.4
161.8

1858.7
1869.5
1888.1

617.6
611.9
619.1

120.3
121.2
122. 1

168.7
169.6
171.5

289.0
290.8
233.6

tanks
387.1
387.7
387.6

*(*«). 5
501.8
*02.6

8d7.6
88 9.5
890.3

272.3
269.3
267.3

153.6
155.7
155.4

425.9
425.0
422.7

JULI
AUG.
SEPT.

165.3
166.9
167.7

5.8
5.9
5.9

260.4
263.1
266.4

164.8
^9.0
t71.5

1899.8
1910.6
1918.0

617.2
616.1
622.1

122.9
123.7
124.0

173.8
176.0
176.3

296.7
299.7
300.3

386.7
383.4
382.7

501.3
497.5
495.6

888.0
8*0.9
878.3

264.0
266.9
270.6

154.3
154.1
155.1

418.3
421.0
425.6

OCT.
MOV.
DEC.

168.7
169.8
170.6

5.9
5.9
5.9

266.0
267.8
271.5

173.7
176.7
178.6

1924.1
1930.6
1939.1

627.7
630.2
6J4.5

124.4
124.8
124.5

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
876.4

273.9
276.7
279.1

155.9
156.3
157.3

429.7
432.9
436.5

1986-JAN.
JP£B.
HAS.

171.9
172.9
173.9

5.9
5.9
6.1

268.9
269.2
273.2

180.5
183.1
185.2

1941.9
1945.8
1953.0

655.0
663.7
667.6

124.7
125.0
125.7

179.3
180.0
181.3

304.0
305.0
306.9

386.6
388.1
389.0

499.3
502.9
505.7

886.0
891.0
894.7

289.7
291.5
287.0

158.2
159.7
163.4

44 7.9
451.2
450.4

174.5

6.1

275.6

189.9

1974.7

666.9

126.6

185.0

311.7

387.9

507.1

895.0

286.9

165.0

451.9

1985-APR.
HAY
JUNE

APE. P
1BEK

1986
APfi.

HAT

ENDING

7
14
21
28

173.9
173.8
174.6
175.1

276.9
273.0
274.7
276.3

189.0
188.4
190.1
191.0

126.0
126.5
126.5
127.2

389.1
387.8
387.8
387.5

287.3
287.9
287.4
285.8

5 P
12 P

175.4
175.6

280.6
279.9

192.6

127.6
128.5

386.5
385.5

283.8
282.4

1/

194.4

COBBBMCY OUTSIDE THE O.S. TREASOBI, FEDZBAL BESERVE BAUKS AND FAULTS Of COHHEBCIAL BARKS. EXCLUDES THE ESTIMATED
AflOUHT OF fAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
2/ OUTSTANDING AHOUNT OF U.S. DOLLAR-DEHOHINATED TRAVELERS CHECKS OF NO*BANK ISSUERS. TRAVELERS CHECKS ISSUED BI DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEHAND DEPOSITS.
3/ DEHAND DEPOSITS AT COHHEBCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE O.S. GOVERNBENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEHS IN THE PROCESS OF COLLECTION AND FEbEHAL RESERVE FLOAT.
EXCLUDES THE ESTIMATED AMOUNT OF DBHAND DEPOSITS HELD AT COMMERCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
4/ CONSISTS OF BOS AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CBEDIT UNION SHARE DRAFT BkLkWCES AND
DEHAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFFERENCE BEIMEBN THE
SEASONALLY ADJUSTED SUH OF DEBAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS.
5/ SUN OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, HOMEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER) ,
HHDAS, AND SAVINGS AND SMALL TIME DEPOSITS, L&SS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AHOUNT OF
DEHAND DEPOSITS AND VAULT CASH BELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS D£4>OSI1'S LIABILITIES.
6/ SUH OF LARGE TIHE DEPOSITS, TERfl RPS AND TERM EUBODOLLABS OF U.S. BBSIDENTS, HONEY HABKET MUMD BALANCES (INSTITUTIONONLY) , LESS A CONSOLIDATION ADJUSTHENT THAT BEPBESENTS THE ESTIBATED AHOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY
INSTITUTION-ONLY HONEY MARKET FUNDS.
7/ SAVINGS DEPOSITS EXCLUDE MHDAS.
8/ SMALL DENOMINATION TIHE DLPOSITS--INCLUDING RETAIL U P S — ARE THOSE ISSUED IN AMOUNTS OF LXSS THAN $100,000. ALL
INDIVIDUAL BETIBEHBNT ACCOUNTS (IBA) AND KBOGH ACCOUNTS AT COHHEBCIAL BANKS AND THBIFTS ABE SUBTRACTED FBOA SMALL
TIME DEPOSITS.
9/ LAhGK DENOMINATION TIHE DEPOSITS AHK THOSE ISSUfcD IN AMOUNTS OF $100,000 OB MORE, EXCLUDING THOSEtfOUKEDAT
INTERNATIONAL BANKING FACILITIES.
10/ LAkGE UENOM1NATIOM 11ME DLPOSI'lS AX COMMRBCIAi. BANKS LESS THOSE HELD BY HONEY MARKET MUTUAL FUNDS,
DiiPaSITOHY INSTITUTIONS AN») KORKIGN BANKS ANx) um«JJAL INSTITUTIONS.




H.6 (508)
Table 4

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

2/
3/
4/

Non-M3 components of L
bankers acceptances 2
short-term treasury
securities1

commercial paper*

Debt components 4
federal debt
non-federal debt

1985-MAft.

7i>.3

274.8

47. 0

169.0

14109.*

4722.2

A PH.
MAY
JUNE

75.7
76.1
76.5

276.0
277.4
282.6

47.5
4O.3
44.5

167.7
168.6
165.7

1423.6
1442.J
1459.*

4770.9
4816.7
4863.0

JULY
AUG.
SEPT.

76.7
77.2
78-0

279.9
278.1
281.3

43.7
43.6
43.2

171.6
182.9
187,2

1479.9
1497.0
1506.$

4912.7
4965.4
5020.4

OCT.
MOT.
DEC.

7a.5
79.0
79*5

281.4
299.5
J06.7

43.9
43.1
41.1

192.5
196.4
209.5

1518.0
1548.5
1686.0

5075.5
5 U0.fr
5215.0

1986*JAN.

79.9
00.5
81.1

303.9
307.2
299.9

41.5
42.1
41.6

210.6
209.2
209.5

1608.3
1622.5
1629.4

5295.8
5339.5
5384.6

HA*. P

V

savings bonds

CONSISTS OP D . S . T&EASUltY BILLS AMD COUPONS HI£U M*MAIMING MATURITIES OF LESS THIN 12 MONTHS JUSLO ft* O t i l l THAN
INSTITUTIONS, FEDERAL &ESEHVE BANKS, HOMEY AAkL&T HUTUAL tUUDS AND FOBBIGN £ N T I I I £ S .
NET OF BANKESS ACCEPTANCES HELD BI ACC£PTINv> BANKS, FBDEAUL BZSZBV& BANKS, JfOAEIGN OFFICIAL itSTItUtlQUS,
THE FfiDEiiAL
HOME LOAN BANK SISTEH AND HONE* HAEKET MUTUAL FUNDS.
TOTAL COHHEBCIAL PAPEfi LiSSS CQA&ZkLllL PkPLk MLLV BI ttONEX BASKET MUTUAL FUNDS.
DEBT DATA ABE ON A MONTHLY AfEJiAGfi BASIS, DJMUflD BX AVERAGING END-OF-MONTH LJSfELS OF ADJACENT MONTHS, AMD HAf« BEEN
ADJUSTED TO &EMO7E DISCONTINUITIES.




H6(508)
Table 5

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

1

Currency

Travelers
checks2

Demand
deposits3

at commercial
banks4

at thrift
institutions9

Nontransactions components
total

in M2*

7

in M3 only

Overnight
RPs»

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

161.1
163.1
165.1

5! 4
5.9

254.0
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
017.3

45.8
48.5
48.1

12.0
12.8
12.7

176.2
172.2
175.4

JULT
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
610.4
624. 1

48.3
49.4
50.2

12.4
14.2
14.0

175.8
176.8
176.7

OCT.
NOV.
DEC

168.4
170.7
173.1

5.9
5.6
5.5

265.6
209.0
281.3

119.8
122.6
125.8

52.5
53.8
54.4

172.3
176.4
180. 1

1921.5
1927.4
1933.9

629.4
035.4
639.1

50.4
51.9
52.5

14.3
13.9
17.0

177.0
176.8
176.5

19 8 6 - J A N .
FEB.
MAR.

170.5
170.6
172.3

5.5
5.6
5.8

275. 1
262.0
207.1

128. 1
126.8
129.3

54.3
54.2
56.0

182.4
181.0
185.3

1944.3
1951.0
1962.9

653.9
062.4
66*. 9

49.2
51.5
50.3

18.8
16.1
16.2

177.7
181.0
186.2

173.7

5.8

278.6

134.8

60.0

194.8

1977.5

603.7

49.7

17.7

191.8

1985-APR.
MAY
JUNE

APR. P
MEEK ENDING:
1986-APR.

HAT

1/
2/
3/
4/
5/
6/
7/
8/
9/

7
14
21
28

174.5
174.1
173.7
172.8

281.6
280.3
280.7
2/2.8

135.0
130.2
137.5
131.8

60.6
60.8
60.3
58.2

195.6
197.0
197.8
190.0

50.4
49.7
49.4
49.6

15.1
16.1
19.2
20.3

190.4
193.1
192.3
191.6

5 P
12 P

174.9
176.1

279.6
277.0

132.6
133.0

61.0
61.0

193.6
194.0

49.1
48.4

17.9
16.1

190.4
192.3

CURREICI OUTSIDE THE U . S . TREASURY, FEDERAL BMS&&V& BANKS AMD THE VAULTS OF COMMERCIAL BANKS.
EXCLUDES THE ESTIMATED
AflOONT OF VAULT CASH HELD BT THRIFT INSTITUTIONS TO SERVICE THEIA OCD L I A B I L I T I E S .
OUTSTANDING AHOONT OF U . S . DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUEfiS. TRAVELERS CHECKS ISSUED BI DEPOSITOBI
INSTITUTIONS ABB INCLUDED IN DEMAND DEPOSITS.
DEBAND DEPOSITS AT COMMERCIAL BANKS OTHEfi THAN THOSE DOE TO DOMESTIC BANKS, THE U.S. GOVERIHEIT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASB ITEMS III THE PROCESS OF COLLECTION AND ¥.k.
FLOAT, LESS THJS ESX1JUTED AMOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS B I TttfilFl INSTITUTIONS TO SERVICE THEIR OCD L I A B I L I T i i i S .
CONSISTS OF NOB AND ATS BALANCES AT COMMERCIAL BANKS, U . S . BRANCHES AND AGENCIES OF FOREIGN BANKS, AID EDGE ACT
CORPORATIONS.
CONSISTS OF NOW AID ATS BALANCES AT SAVINGS AND LOAI ASSOCIATIONS AID MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AID DEBAND DEPOSITS AT THRIFTS.
SUM OF OVERNIGHT RPS AND EURODOLLARS, HOIEl MARKET FUND BALANCES (GENERAL PURPOSE AMD BROKER/DEALER), MMDAS AMD SAVINGS
ANO SMALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD B I THRIFT INSTITUTIONS TO SERVICE
THEIR TIMS AID SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U . S . RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT XHAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT BBS AND EURODOLLARS HELD BY INSTITUTION-ONLI
MONET MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AMD CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORI INSTITUTIONS AND
MONET MARKET MUTUAL tUMDS (GENERAL PURPOSE AND BROKER/DEALER).
ISSUED BT FOREIGN BRANCHES OF U . S . BANKS HORLDUIDE TO U . S . RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
MONET MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKEH/DEALER).




H.6(508)
Table 5-continued

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

Daft

Money rmarket deposit accounts
at
at
total
thrift
commercial
institutions
banks

Savings deposits
at
at
thrift
commercial
institutions
banks

total

Small denomination time deposits2
at
at
commercial
thrift
total
banks
Institutions

Large denomination time deposits'
at
at
commercial
thrift
total
4
banks
institutions

JUiE

295.9
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
292.2
295.4

383.8
385.2
386.5

498.0
498.2
499.9

881.3
883.5
866.3

269.2
266.5
265.5

152.7
155.1
154.9

421.9
423.6
420.4

JULI
AUG.
SEPT.

313.2
317.9
321.3

174.0
177.3
178.5

487.2
495.2
499.8

124.4
124.0
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

887.1
882.5
880.5

263.0
267.5
272.6

153.1
153.9
155.1

416.1
421.4
427.6

OCT.
NO?.
DEC.

324.3
329.2
332.4

179.8
180.3
179.6

504.1
509.5
512.0

124.6
124.3
123.5

178.3
179.0
178.3

302.9
303.3
301.8

384.8
38H.2
384.8

496.5
496.4
497.6

881.3
680*7
882.5

276.3
276.2
260.9

156.2
157.1
157.8

432.6
435.3
438.7

1966-JAN.
FSB.
HAS.

336.7
337.0
340.3

179.0
179.4
180.2

515.7
516.4
520.5

123.9
123.6
124.9

178.8
179.1
181.6

302.7
302.8
306.5

386.5
387.0
387.2

502.6
504.7
504.6

869.2
891.6
091.6

286.5
290.3
287.6

159.0
160.7
163.2

447.6
451.0
450.8

344.8

180.5

525.2

127.^

186.0

313.2

384.4

504.3

666.7

283.4

164.0

447.4

1985-APR.
HAY

APS. P
UEBK ENDING
1986
APB.

BAT

1/
2/
3/
4/

7
14
21
28

345.0
346.2
344.5
343.5

127.4
127.4
126.8
127.1

385.5
383.8
384.6
384.1

285.6
284.5
282.5
281.9

5 P
12 P

344.5
346.4

126.1
129.1

383.4
382.6

280.5
280.5

SAVINGS DEPOSITS EICL0DS BHDAS.
SHALL DENOMINATION TIflE DEPOSITS ~ INCLUDING RETAIL UPS --• ARE THOSE ISSUED IN AflOONTS Of LESS THAN S 1 0 0 , 0 0 0 . ALL
INDIVIDUAL SfiTIfiEflSNT ACCOUNTS (ISA) AND KEOGH ACCOUNTS AT COflBEBCIAL BANKS AND THRIFTS ARE SUBTRACTED FROH SHALL
TIHE DEPOSITS.
LARGE DENOHINATION TIfiB DEPOSITS ARE THOSE ISSUED IN AHOUNTS OF $100,000
OR HOHE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES ( I B F S ) .
LARGE DENOHINATION IlflE DEPOSITS AT COBHERCJ.AL BANKS LESS THOSE HELD BI BONEX HARKBT HUTUAL FUNDS, DEPOSITORY
INSTITUTIONS AND FOREIGN tfA^KS ABD^OFFICIAL INSTITUTIONS.




H.6 (508)

Table 5-continued

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

Date

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

Term
Eurodollars 2

Savings
bonds

Non M3 Components of L
Short-term
Bankers
treasury
acceptances 4
securities'

Components of Debt
Commercial
paper*

Federal debt*

Non-Federal*
debt

59.6
63.5
67.1

32.5
31.2
31.4

27.2
26.5
25.7

59.8
57.7
57. 1

80.9
81.4
79.2

75.6
76. 1
76.5

278.4
272.1
280.2

46.2
45.7
43.9

169.3
168.8
167.9

1427.1
1443.8
1457.9

4738.9
4787.8
4841.1

JUW
AJG,
S.L.PT.

65.0
63.6
62.3

29.8
30.4
30.9

25.9
^6.7
27.6

55.7
57. 1
58.5

78.8
80.0
80.2

76.6
77. 1
78.0

280.6
281.2
282.0

43.5
44.3
43.9

173.1
181.0
187.8

1475.8
1495.8
1506.9

4894.0
4945.6
5002.9

OCX.
tfl>V.
DLC.

6J. 3
64.5
64.6

30.2
31.3
31.6

^9.4
31.7
34.1

59.5
63.0
65.7

79.3
79. 1
77.0

78.5
79.0
79.6

281.1
295.7
303.9

43.8
43.3
42.1

193.4
199.1
204.6

1515.6
1544.2
1583.7

5062.0
5119.6
5210.2

198&-JAN.
UAH.

67.3
67.7
70.2

Jl. 1
34.9
36.0

35.be
J5.be
J5.5e

68. 5e
70. 3e
71. 4e

76.7
79.3
80.4

80.0
80.5
81. 1

303.6
308.1
306.1

42.3
4 1.9
40. 7

24)7.5
208.8
207.9

1606*7
1621.0
1633.2

5290.0
5319.2
5352.0

APH. P

74.1

34.2

35. 5e

69. 6e

79.1

7
14
21

71.8
74.7
74.9
74.7

32.7
33.5
34.0
36.1

5 P
12 P

75.5
76.2

35. 1
34.2

1985-APM.
MAY
JUNii

NKEK E N D I N G ;
1986-APR.

SAY

1/
2/

3/
4/
5/
6/

TERM RPS ARE THOSE Ul'Xh ORIGINAL MATURITIES QHHAthd THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AMD * £ T A I L A P S .
INCLUDES
A kKLATIVKLX SHALL AAG0NX OF OV£fiNlGHT EtPS AX 1U&IPX I N S T I T U T I O N S .
Ttiitt EUEUDOLLAfiS kkE itiOSE
WITH OfilGlNAI. HAl'UiilTlKS GbSAT&£ THAN OUt D A I . CONSISTS OF THOSE 1 S S 0 E D TO U . S . HES1D&MTS BY
FOREIGN BLANCHES OF U.S.
bANAS MOkLiJMlVE AND til ALL BANKING OFFICES IN THE UUITKD KINGDOM AND CANADA. EXCLUDES THOSE H&LD
BY DEPOSITORY I N S T I T U T I O N S AND BONEY AAfaKET HUTUAL F U N D S .
CONSISTS OF O . S . TSEASUfaY B I L L S AND COUPONS ftUld iiEflAINING
flATUtllltS
OF LESS THAN 1 2 ttONTUS HELD fi* OlHKg THAN DEPOSITORY
I N S X I T U 1 I O N S # FEOEfi&L HhSEkVK BANKS, flONEY flAnikr.! MUTUAL MUDS,
AND FOREIGN E N T I T I E S .
NEI OF BANKERS ACCEPTANCES HELD BY ACCEPTING uANK^, FEDERAL k&SZME
bAH&S, FOREIGN O F F I C I A L I N S T I T U T I O N S , THE FEDERAL
HOflE LUAN BANK SYSTEH AND «ONr:X flAkKKT MUTUAL FUNDS.
TOTAL COaflE&CIAL PAPER LESS COMMERCIAL PAPER liELD BY MONEY MAfiKET MUTUAL FUHD5.
DEBT DATA Afi£ ON A KONThLY AVERAGE B A S I S , DERIVED BY AVERAGING END-OF-MONTH LEVELS OF ADJACENT MONTHS, kUD HAVE
ADJUSTED TO REMOVE D I S C O N T I N U I T I E S .




H.6 (508)
Table 6

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

foreign
commercial
banks

Date

7.7

1985-APfc.
HAI
JUUJS

8.0
8.0

foreign
official
institutions

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

demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

8.4
8.3
8.3

3.9
3.1
3.4

6.6

11.5

6.7
2.8

17.8
11.4

3.1
2.8
3.4

4.0
3.0
4.3

20.0
10.6
13.4

8.1
7.8
8.1

1.9
2.0

2.1

H.I
8.2
8.2

OCT.
MOV.
DEL.

8.2
8. 1
8.5

1.9
2.1
1.9

8.3
8.4
8.3

3.0
3.0
3.4

3.1
2.8
3.4

1986-JA*.

8.8
8.3
8.4

2.0
1.9
1.8

8.0
7.8
7.6

3.6

10.5
7.5

3.J

8.7

1.9

7.5

4.1

7
14
21
28

8.6
8.0

1.9
1.8
2.0
2.0

7.o

5 P
12 P

8.9
8.5

A£*.

P

note balances
at commercial
banks
and thrift
institutions

1.9
2.1
2.0

JUi.X
AUG.
SEP1.

flAH.

IRA and Keogh Accounts

.U.S. government deposits

2.4
4.8

total demand
deposits and
note and
FR balances

time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

53.5
55.1
55.9

70.4
71.9
73.4

8.6
8.6
8.4

132.5
135.6
137.7

75-3
76.8
70.1

8.5
8.4

I.3

56.7
57.4
57.8

8.3

140.4
1*2.6
144.3

I.3
I.3
1I . 4

58.2
58.7
59.2

79.0
79.5
80.9

8.4
8.4
8.3

145.7
146.6
148.4

61.9
82.9
86.4

8.6
8.7

9.0

151.2
154.2
159.5

91.4e

9.5e

169. 1e

22.0
27.6

1.1
1.2

17.7

1.2

27.0
16.4
21.1

I.3

8.5

.2

11.1

10.7
17.9
34.5
31.7
19.2

1.3
1.4

3.4

20.5
21.0
12.4

1.5

60.7
62.5
64.2

3.7

13.6

21.5

1.5

68.4

3.3

13.3
7.8

1.5
1.5

1.5
1.5

WKKK BttDIIiG:
1986
APtt*

HAY

estimated




8.7
9.3

1.8

1.7

3.1

9.1

3.9

21. 1

20.0
14.0
18.5
28.9

4.4

9.0

2.7

5.0

23.7
23.7

37.2
31.4

7.5
7.5
7.5

3.0
6.3
3.9

7.5
7.5

3.1

1.5
1.5

money
market
mutual funds

total

SPECIAL SUPPLEMENTARY TABLE
Monthly Survey of Selected Deposits and Other Accounts
At A l l Insured Conine re la 1 Banks and All Mutual Savings Banks 1
March 2 6 , 1986 and April 3 0 . 1986
(not seasonally adjusted)
I t isured Commercial Banks

L i a b i l i t y Categories

Averioe Rat* VaiA fT\
March 26
April 30

March 26

April 30

122.500

126.377

5.65

5.50

13.601

13,541

341,005

344,518

6.46

6.13

12.759

13.175

Savings accounts*

N.A.

128,096

N.A.

5.44

N.A.

13,124

Interest-bearing time deposits with
balances of l e t s than $100,000
with original maturities of: 5
7 to 31 days
(standard error of the estimate)

5,278
(359)

5,402
(450)

6.61

6.26

8,075

8.613

32 to 91 days
(standard error of the estimate)

20,992
(1,076)

20,512
(887)

6.78

6.28

12,577

12.845

92 to 182 days
(standard error of the estimate)

142,783
(2,165)

141,876
(2,049)

7.10

6.62

13,423

13.860

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

69,552
(1,624)

71,595
(1,502)

7.39

6.87

12,925

13.354

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

84,808
(1,201)

85,611
(1,787)

7.79

7.20

12,956

13,354

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

120,536
(1,885)

124,176
(1,822)

8.06

7.42

12,891

13.403

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

64,962
(608)

69,345
(272)

N.A.

N.A.

13,061

13,334

Retail repurchase agreements 7
(standard error of the estimate)

1,292
(231)

1,533
(234)

6.49

6.22

2.795

2,953

NOW accounts

2

Money market deposit accounts

3

April 30

State-C>mrtered Mutual Savings Ban) s
Amount Outstanding (Sail)
Average Rate Paid (Z)
Number of Issuing Banks
April 30
April 30
March 26
March 26
March 26
April 30

L i a b i l i t y Categories
NOW accounts 2
Money market deposit accounts

March 26

3

Saving8 accounts*
Interest-bearing time deposits with
balances of l e s s than $100,000
with original maturities o f : 5
7 to 31 days
(standard error of the estimate)

3,893

4,024

5.58

5.53

341

339

30,292

30,320

6.77

6.36

339

348

N.A.

26,363

N.A.

5.52

N.A.

340

198
(27)

177
(23)

6.55

5.84

109

104

32 to 91 days
(standard error of the estimate)

1,253
(208)

1,541
(306)

7.49

6.42

280

288

92 t o 182 days
(standard error of the estimate)

20,097
(254)

19,459
(494)

7.42

6.96

334

325

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

12,803
(328)

12,969
(282)

7.81

7.26

328

338

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

12,812
(281)

12.842
(267)

8.10

7.56

327

327

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

20,475
(133)

21.046
(211)

8.52

7.85

345

344

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

10,891
(230)

11,403
(244)

N.A.

N.A.

340

339

Retail repurchase agreements 7
(standard error of the estimate)

70
(50)

116
(41)

6.90

6.71

21

30

N.A. - Data not available.
1. Estimates are based on data collected by the Federal Reserve from a s t r a t i f i e d random sample of about 550 banks
and 75 mutual savings banks.
2. As of January 1 , 1986 interest rate c e i l i n g s were 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 were subject to a 5.25 percent regulatory Interest rate r e s t r i c t i o n prior to January 1 , 1986. Estimates for t h i s category are based on reports
of deposits.
3. Money market deposit accounts (MMDAB)—Deposits with no required minimum maturity but i n s t i t u t i o n s must reserve
the right to require at least seven day's notice prior to withdrawal, no r e s t r i c t i o n s on depositor e l i g i b i l i t y , or
limitations on the amount of nterest that may be paid; such accounts may allow up to six transfers per month, no
more than three of which may e draft and may permit unlimited withdrawals by mall, messenger, or in person.
Estimates for t h i s category a e based on reports of deposits*
4. Savings deposits t h a t , bee use of r e s t r i c t i o n s on transactions, do not meet the definition of an MMDA.
Estimates for t h i s category a e based on reports of d e p o s i t s .
5. All interest-bearing time e r t i f i c a t e s and open account time deposits with balances of l e s s than $100,000,
including those held in IRAs and Keogh Plan deposits.
6. All IRA/Keogh Plan time deposits regardless of s i r e , type of instrument in which held, or interest rate paid.
7. Retail repurchase agreements are in denominations of l e s s than $100,000 with maturities of l e s s than 90 days
that arise from the transfer of direct obligations of, or obligations fully-guaranteed as to principal and Interest
by, the U.S. Government or an agency thereof.