Full text of H.6 Money Stock Measures : May 29, 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.

H.6 (508)

MAI 2 9 ,

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES
JJitffons of dollars
MI
Sum of currency,
travelers checks,
demand deposits and
other checkable deposits 1

Date

M3
M2
M2 plus
M1 plus overnight RPs
large time deposits,
and Eurodollars,
MMMF balances (gen. pur. term RPs, term Eurodollars
and institution-only
and broker/dealer), MMDAs,
and savings and small
MMMF balances 3
time deposits 2
Seasonally adjusted

L

Debt

M3 plus other
liquid assets 4

Debt of domestic
nonfinancial sectors'1

2434.4
2451.9
2479.0
2496.1
2515.4
2529.5
2538.4
2550.8
2565.8

3052.0
3069.9
3098.0
3113.3
3131.4
3151.5
3166.0
3180.9
3200.1

3616.9
3638.2
3667.4
3665.2
3713.1
3741.1
3762.3
3798.8
3836.8

6194.5
6259.0

©EC

575.7
562.5
590.9
596.2
604.6
611.5
614.2
620.1
626.6

1986—JAM.
FEB.
HAfi.
APE-

627.2
631.1
646.4
646.1

2569.1
2576.6
2591.3
2621.6

3222.9
3239.5
3259.2
3266.6

3656.8
3818.4
3891.2

6904.3
6961.9
70 U . ?

3627.6
3626.6

0166.0
6231.6
6299.0
6369.6

1985—APR.
SAX

JUHE
JUL*
AUG.
SEPT.
OCT.

HOY.

6392.6
646^.4
652 7.1
659J.6
6679.1
660 1.Q

Not seasonally_adjusted

1985—APB.
HAY
JUKE
JULY
AUG.
SEPT.
OCX.
HOY.
DEC

581.7
576.5
592.7
599.6
602.0
609.1
612.2
621.7
639.9

2443.1
2444.1
2480.7
2501.0
2510.9
2521.0
2533.7
2549.1
2573.9

3058. 1
3063.9
3098.0
3110.8
3127.3
3145.0
3163.0
3184.3
3212.8

1986—JAM.

633.5
619.2
630.5
652.6

2577.9
2570-1
2593.3
2631.3

3230.6
3231.4
3259.5
3295.3

HAB.
APft.

3684.6
3710.9
3736.8
3759.8
3801.5
3843.1
3864.0
3670.8
3895.3

6441.4*

6509.0
b57 7.5
6663. 8
6793.9
6696.7
6940.2
6985.3

i

M1
For period ended
13-week average

1986-AP&.

HAI

MOTE:

Seasonally adjusted
4-week average

week average

13-week average

14
21
28

633.6
634.7
636.1
637.7

641.1
641.8
643.3
645.3

645.9
641. J
645.5
648.5

628.0
629.1
631.1
633.2

5
12 P
19 P

640.0
641.9
644.1

647.5
651.2
654.5

654.6
656.1
658.9

636.1
638.3
640.9

7

Not seasonally adjusted
4-week average

week average

636.1
642.5
650.7
653.5

657.5
657.2
647-9
641.4

652.6
651.6
650.3

653.9
653.1
652.9

SPECIAL CAUTION SHOULD B£ TAKE* IV IVT&&P&ETIBG g£8K-TO-fl££K CfiAIGES IH flOIEI SUPPLI DATA, iHICH ARE
HIGOLY fOLATILE AHD SOBJECT TO fiETXSIOJU
P—IHDICATES PfiELIHINAAY DATA.
FOOTNOTES APPEAR OH THE iOLLQULUS 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 JAN.

1986 TO APB.

19B6

12.1

8.2

8.2

12.5

6 MONTHS FBOM OCT.

1985 TO APR.

1986

10-*

6.6

7.8

14.9

12 MONTHS FBOM APB.

1985 TO APB.

1986

12.2

7.7

7.8

1*.*

THIRTEEN BERKS ENDING MAY 19, 1986
FBOM TdlRTERM BERKS EMUlMGz

1/

1/

2/

3/

4/
5/

FEB.

17, 1986 (13 9RRKS PBEVIOUS)

10.8

NOV.

18, 1985 (26 WEEKS PREVIOUS)

10.1

HAY.

20, 1985 (52 WEEKS PBEVIOUS)

12.0

GROWTH BATES FOB DBfiT ABE BASED Oil PERIODS BEGINNING AND ENDING QUE MONTH EARLIER THAN FOB THE MONETARY AGGREGATES,
NAMELY, D K S H 9 J B 1 9 8 5 TO MARCH 1 9 8 6 , S*PTEHBEfi 1 9 8 5 TO MARCH 1 9 8 6 , AND NABCH 1 9 8 5 TO MABCH 1 9 8 d , RESPECTIVELY.
FOOTNOTES TO TABLE 1
CONSISTS OF ( 1 ) CUBBEMCY OUTSIDE THE TREASURY, FEDERAL BESEBVE BANKS, AND THE YAULTS OF CO*HJSRCIAL BANKS;
( 2 ) TRAVELERS CHECKS OF NONBANK I S S U E R S ; ( 3 ) DE4AND DEPOSITS AT ALL COMMERCIAL BAUBLS OTHER THAN THOSE DUE TO
DOMESTIC BANKS, THE U . S . GOVEBMMEBT, AND FOEEIGN BANKS AND OFFICIAL I N S T I T U T I O N S LESS CASH ITEMS I N THE PROCESS
OF COLLECTION AND FEDERAL BESEBFE FLOAT; AND (U) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE OBDBB
OF WITHDRAWAL (NOB) AND AUTOMATIC fBANSFER SERVICE
(ATS) ACCOUNTS AT DEPOSITORI I N S T I T U T I O N S ,
CREDIT UNION SHABS DfiATT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT I N S T I T U T I O N S .
THE CDHflENCI AND DBttAND
DEPOSIT COfiPONSNTS EXCLUDE THE ESTIMATED AHOONT OF VAULT CASH AND DEMAND D E P O S I T S , B E S P E C T I f E L I , HELD B I
THRIFT I N S T I T U T I O N S TO SERVICE THEIR OCD
LIABILITIESCONSISTS OF III PLUS OVEBNIGHI (AND CONTINUING CONTRACT) RPS I S S U E D BY ALL COMMERCIAL BANKS AND OVERWIGHT EURODOLLARS
XSSUED TO U . S . RESIDENTS B I fOBEIGM BBANCHES OF U . S . BANKS MOULDHIDE, MMDAS, SAVINGS AND SHALL DENOMINATION
TIME DEPOSITS ( T I t t E DEPOSITS—INCLODJCNG RETAIL BBS—IN
AHOilNTS OF LESS THAN $ 1 0 0 * 0 0 0 ) , AND BAiJkNC£S LU BOTH
TAXABLE AND TAX-EIEflPT QEUEBAL PURPOSE AND BMQ&EU/D&AL&H flONEI HARKET MUTUAL F U N D S . EXCLUDES I B A AMD KEOGH
BALANCES AT DEPOSITOR! I N S T I T U T I O N S AND HONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES dELS> B I U . S . COMMERCIAL
BkMKS9 MONEY MARKET FUUDS (GENERAL PURPOSE AND BBOKEB/DEAi-EB), FOBEIGM GOVEBNHENTS AND COMMEBCIAL BANKS, AND
THE U . S . GOVEBNMENT.
ALSO SUBTRACTED I S A CONSOLIDATION ADJUSTMENT THAT EEPBSSENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH MELD BY THJilFT I N S T I T U T I O N S TO SJSBVICE THE l i t TIME AND SAVINGS D E P O S I T S .
CONSISTS OF M2 PLUS LABGE DENOMINATION TIME DEPOSITS ( I N AMOUNTS OF $ 1 0 0 , 0 0 0 OB MORE) AND TJS&M BP L I A B I L I T I E S I S S U E D
BY COMMEBCIAL BANKS AMD THRIFT I N S T I T U T I O N S , T&BM EURODOLLARS HELD BY U . S . RESIDENTS AT FOREIGN BJUNCHES OF U . S .
B&UIS
•OBLDIIIDE AND AT ALL BANKING OFFICES 1H THE UNITED KINGDOM 1UD CAMADA, AND BALANCES I N BOTH TAXABLE AND TAX-EXEMPT
INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS.
EXCLUDES AMOUNTS HELD BY DEPOSITORI I N S T I T U T I O N S , THE U . £ * GOVERNMENT, MONEY
MARKET F U N D S , AMD FOREIGN BANKS AND OFFICIAL I N S T I T U T I O N S .
ALSO SUBTRACTED I S A CONSOLIDATION ADJUSTMENT THAT &BPBES8NTS
THE ESTIMATED AMOUNT OF OVERNIGHT BPS AND SUBODOLLABS HELD B I INSTITUTION-ONLY MONEY MARKET MUTUAL FUUDS,
CONSISTS OF M3 PLUS THE MONBANK PUBLIC HOLDINGS OF U . S . SAVINGS BONDS, SHORT-TERM TREASURY S E C U R I T I E S , COMMEBCIAL
PAPEB AND BANKEBS ACCEPTANCES, NET OF MONEY MABKET MUTUAL FUND HOLDINGS Qf THESE A S S E T S .
DEBT OF DOMESTIC NONflNANCIAL SECTOBS CONSISTS OF OUTSTANDING CREDIT MABKET DEBT OF THE UNITED STATES GOVEHNHEMT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTOBS.
PRIVATE DEBT CONSISTS OF CORPORATE BOUDS€ MORTGAGES,
CONSUMER CBEDIT (INCLUDING BANK LOANS), OTUEB BANK LOANS, COMMERCIAL PAPEB, BANKERS ACCEPTANCES AND OTHSB DEBT
INSTBUMENTS. THE DATA ABE DERIVED FROM THE fEDEHAL BESEHVE BOARD*S FLOW OF FUHDS ACCOUNTS.
ALL DATA ON DEBT OF DOMESTIC
NONFINANCIAL SECTOBS ARE PRESENTED IN MONTH-AVEBAGE FORM, DEBUVEO BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS.
XHK
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL D I S C O N T I N U I T I E S THAT MAY ARISE I N THE UNDERLYING FLOW OF FUNDS S T A T I S T I C S .
THE PHESENTATION OF DEBT DATA IN THIS RELEASE D I F F E R S , THEBEFORE, FBOH THE QUARTERLY FLO* OF F0HDS S T A T I S T I C S CONTAINED
IN THE rEDESLlh RESERVE BELEASES Z . 7 AND Z . 1 .
IN THOSE RELEASES,
PUBLISHED LEVELS OF CBEDIT MARKET DEitT ABE MEASURED ON
A UUARTEB~EMD B A S I S AND INCLUDE D I S C O N T I N U I T I E S .




H.6<508)
Tab* 3

COMPONENTS OF THE MONEY STOCK
Billions of dollars, seasonally adjusted
Nontransactlons

Selected ftontrensactlons Items

Other
Date

Currency'

ill tliTM fUnnf""'

i

M

M tlmA iiainniilts*

Travelers
checks1

Demand
depoelts'

depoelts4

lnM2*

161.9
163.2
164.4

5.5
5.5
5.7

251.8
255.4
259.0

156.5
158.4
161.8

1858.7
1869.5
1888.1

617.6
617.9
619.1

JULY
AUG.
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.a
1910.6
1918.0

617.2
616.0
622.0

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

68 a. 0
880.9
878.3

264.0
266.9
270.6

15%. 3
154.1
155.1

418.3
421.0
425.6

OCT.
NOF.
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

1924.2
1930.6
1939.2

627.6
630.1
634.3

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.^

075.7
a76.0
880-3

273.9
276.7
279.1

155.9
156.3
157.3

429.7
432.9
436.5

1986-JAN.
FEB^
HAB.

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
1945.7
1952.9

653.8
662.7 i
667.9 !

124.7
125.0
125.7

179.J
180-0
181.3

304.0
305.0
306.9

386.6
388.1
389.0

499.5
502.9
505.7

886.0
891.0
894.7

289.7
291.5
287.0

158.2
159.7
16 J - 4

447.9
451.2
450. 4

APB.

174.4

6.1

275.6

189.9

1975.5

667.2

126.6

184.9

311.5

387.9

508.3

896.2

286.9

165.0

451.9

1985-APB.
HAY
JUNE

lnM3

at
at
thrift
commercial
banks
Institutions
168.7
120.3
169.6
121.2
171-5
122. 1

total
289.0
290.3
293.6

at
at
thrift
commercial
Inetltutlons
banks
387.1
500.5
387.7
501.a
387.6
502.6

total
887.6
889.5
890.3

at
at
thrift
commercial
banks14 metltutlone
272.3
153.6
269.3
155.7
155.4
267.3

total
425.9
425.0
422-7

BBEK EMDIBG
1986
APR.

HAY

1/
2/
3/

4/

5/
6/

7/
8/
9/
10/

7
14
21
28

173.9
173-8
174.6
175.1

276.9
272.9
274.7
276.3

189.0
188.4
190.1
191.0

126.0
126.5
126.5
127.2

389.0
387.8
387.8
387.5

287.2
287.9
287.5
285.8

5
12 P
19 P

175.3
175-5
175.8

280.6
280.0
281.9

192.6
194.4
19 5. 1

127.6
128.5
129. 1

386.5
385.5
384.6

283.9
282.4
281.5

CDBBEBCI OUTSIDE THE U . S . TBBASUBT, FEDERAL BSSEBfE BABES AID fADITS OF COHHEBCIAL BABKS.
EXCLUDES THE ESTI HAT ED
AHOONT OF FAULT CASH HELD BX THRIFT INSTITUTIONS TO SEBFICE THEIB OCD L I A B I L I T I E S .
OUTSTAIDI1G AHOOIT Of U . S . DOLLAB-DBNOHINATED TBAFELEBS CHECKS OF NOBBANK ISSOEBS. IBAFBLKBS CHECKS ISSUED BI DEPOSITORY
INSTITUTIONS ABE INCLUDED I B DEflAND DEPOSITS.
«—«••_
DEHAND DEPOSITS AT COfiflEBCIAL BANKS ABJ> FOREIGN BELATED I N S T I T 0 U O B S OTHBB TBAJ THOSB DUE TO DOILBSTIC BABKS, THE O . S - GOFBBBHEBT ABD FOBEIGB BABES AID OFFICIAL IBSTITUTXOBS LESS CASH ITEHS IB THE PBOCESS OF COLLECTIOM ABD tEDBBAL BBSBB1B F W A I .
EICL0DBS THE ESTIMATED AflOOBT OF DEB HMD DEPOSITS HELD AT COJUEBCIAL BAJKS B I THBIFT IBSTITUflOBS TO SE&WLCE THEIfi OCD
LIABILITIES.
COBSISTS OF BOS ABD ATS B ALA ICES AT ALL OBPOSITOBI I I S T I T O T I O B S , CBEDIT OBIOB SHABE DBAFT BALAICKS ABD
uwmmwwm
matf
DEHAVD DEPOSITS AT THBIFT IHSTITOTIOBS.
OTHBH CHBCKABLB DEPOSITS SEASONALLY ADJ0STED EQOAJUS THE D1B9BSLEBCB BETBEEB TBE
SEASOMALLY ADJUSTED SOB OF DEHABD DEPOSITS PL0S OCD ABD SEASOMALLF ADJOSTBD DBBkBD DEPOSITS.
SUH OF OFEBIIGHT BPS ABD OFEBBIGHT E0BODOLJLABSr BOBBX BABEET F0BD BALABCES (GEBBBAL P0BPOSK ABD BBQKEB/DEkLBB) ,
BHDIS0 ABD SAFIBGS ABD SHALL TIHB DEPOSITS, LESS THE COBSOUDATIOB ADJOSTHBBT THAT BEPBESEBTS THE ES1IAATBD AHOOil OF
DEflARD DEPOSITS ABD FAULT CASH HELD BI THBIFI IBSTITUTIOBS TO SEBFICE THEIB TIHE ABD SAFIMGS DEPOSITS L I A B I L I T I E S .
SUB OF LABGE TIBE DEPOSITS, TBBB BPS ABD TEBH EUBODOLLABS OF U . S . BBSIDBBTS # HOBEI HABEET FOBD BALABCES (IBSTITUTIO1OMLY)# LESS A COBSOLIDATIOB ADJUSTBEBT THAT BEBBESEMTS THE ESTIBATED ABOUHT OF OFEBBIGHT BPS ABD E0BODOLLABS HELD B I
IBSTITOTIOB-OBLY HOBEY BABEET FUMDS.
SAFINGS DEPOSITS EXCLUDE HHDAS.
^ - A A >/>rt m9W
SHALL DEBOHIBATIOB TXHE DEPOSITS—IBCLUDIBG BETAIL B P S - - ABE THOSE ISSUED I B AflOOBTS OF LESS THAB $ 1 0 0 , 0 0 0 . A i L
IBDIFIDUAL BBTIBBHEBT ACCO0BTS (IBA) ABD KEOGH ACCOUBTS AT COHHERCIAL BABKS AID THRIFTS ABE S08TBACIED FfiOH SHALL
TIHE DEPOSITS.
LABGS DEBOHIBATIOB TIHB DEPOSITS ABB THOSB ISSUED I B AAQUITS OF $ 1 0 0 , 0 0 0 OB BOBB, EXCLUDIBG THOSE BOOKED AT
INTERIATIOHAL BAIRIHG FACILITIES.
LARGE DEBOHIKATION TIHB DEPOSITS AT COHflEBCIAL BANKS LESS THOSB HELD fil HOBBY HABKET HUTOAL FUHDS0
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS ABD OFFICIAL 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
short-term treasury
bankers acceptances2
securities1

commercial paper3

Debt components4
federal debt
non-federal debt

1985-HAR.

75.3

274.8

47. Q

169.0

1409.6

4 722.2

A PH.
JUNE

75.7
76.1
76.5

276.0
277.4

47.5
46.3
44.5

167.7
168.6
165.7

1423.6
1442.4
1459.6

4770.9
4816.7
48fc3.0

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
1506.8

4912.7
4965.4
5020. 4

OCT.
NOV.
DEC.

78.5
79.0
79.5

281.4
299.5
306.7

43.9
43.1
41.1

192.5
196.4
209.5

1518.0
1548.5
1586.0

5075.5
5130.6
5215. Q

1986-JAN.
FEB.

79.9
80.5
81.1

303.^
307.2
299.9

41.5
42.1
41.6

210.6
209.2
209.5

1608.5
1622.5
1629.4

5295.8
5339.5
5384.6

BAR.

1/

savings bonds

CONSISTS OP 0 . 5 . TREASURY BILLS AND COUPONS MltH REAAINIIG MATURITIES OF LESS THAN 12 &QUTHS ti£LO BX O W £ i THAU DEPOSITORY
INSTITUTIONS, F£DEBAL RESERVE BANKS, HONE! / U * * E T MUTUAL FUNDS AND FOREIGN E N T I T I E S .
NET OF BANKERS ACCEPTANCES HELD Bl ACCEPTING BANKS, FEDERAL RESER1E BANKS, FOfiEIGN OFFICIAL INSTITUTIONS, THE FEDEEAL
HOME LOAN BANK SISTEA AND HONEY flARKET ttOTUAL FUND5.
TOTAL COflflERCIAL PAPER LESS C0A4ERCIAL PAP£K d&LD BX AOHE1 HAfiKET MUTUAL FUNDS.
'DEBT DATA ARE ON A MONTHLr AVERAGE B A S I S , DKBJLV&D BX AVERAGING BND-OF-flONTH ULV&LS OF ADJACENT HQHTHS, AND HAVE B££JI

ADJUSTED TO REHOVE DISCONTINUITIES.




H 6 (508)
Table 5

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Other checkable deposits
Currency1

Date

Travelers
checks2

Demand
deposits 3

at commercial
banks4

T

Nontransactions components
in M2*

at thrift
institutions 8

Overnight
RPs8

in M3 only 7

! purpose and
Overmght
Eurodollars' I broker/dealer
j monev m a ^ e t

'•
4

funds
-

JUNE

U1.1
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

45.8
48.5
48. 1

,12.0
12.8
12.7

JOLT
AUG.
SIS PT-

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. J

1901.4
1908.9
1911.9

609.8
616.4
624.0

48.3
49.4
50.2

12.4
14.2
14.0

168.4
170.7
173.1

5.9
5.6
5.5

265. b
269.0
281.3

119.8
122.6
125.8

52.5
53.8
54.4

172*3
176.4
180. 1

1921.5
1927.4
1934.0

629.3
635.2
638.9

50.4
51.9
52.6

14.3
13.9
17.0

170.5
170.6
172.3

5.5

5.6 i
5.8 !

275. 1
262.0
267.1

128.1
126.8
129L3

54. 3
54.2
56.0

182.4
18 1.0
185.3

1944.3
1950.8
1962.8

652.8
66 1.4
666.2

49.2
51.4
50. 1

18.8
16.1
16.3

173.6

5.8 i

278.6

134.8

59.9

194.7

1978.4

664.0

49.4

17.9

19 1.8

1985-APfi.
HAY

!

OCT.
MO V .

i

17.6.2

175l>4

!
!
!

176.6
176.8
176.7
17 7.0
176.8
176.5

i
!

196O-JA*.
FKB.
HAIL

!

APR.

1

|
i

177.7
181.0
186.2

WEEK ENDING:

1986-APB.

flAI

7
14
21
28

174.5
174.1
173.7
172.8

281.6
280. 3
280.7
272,7

135.0
136.2
1J7.5
131.8

60.6
60.8
60.3
58.3

195.6
197.0
197.8
190.0

50* 1
49.4
49. 1
49.3

15.3
16.3
19.5
20.6

190.4
193. 1
192-3
191.6

5
12 P
19 P

174.9
176.1
175.6

279.6
277.1
278.5

132.6
133.0
132.6

61.0
61.0
60.3

193.6
194.0
192.9

48.8
48. 1
49.4

18.2
16.5
17.0

190.4
192-3
393.6

I
. 1..

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

EXCLUDES THE ESTIMATED
CDBRSICI OUTSIDE THE U.S. TREASURY, FEDERAL AKS&BfK BANKS AND TUB fADLTS OF COMMERCIAL
AMOUNT OF FAULT CASH B&LD BY THRIFT INSTITUTIONS TO SERVICE IHEIB OCD LIABILITIES.
OOTSTAHDIIG AMOUNT OF U.S. DOLLAR-DENOHIWATED TRAVELERS CHECKS OF NONBAHK ISSUERS* TRAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IS DEMAND DEPOSITS.
DEBAMD DEPOSITS AT COMMERCIAL BANKS OTHER THAI THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AID FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT, LESS THE ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF NOB AND ATS BALANCES AT COMMERCIAL BANKS, U.S. B&ANCHES AND kGEHCLES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS.
CONSISTS OF NOR AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND M9T0AL SAVINGS BANKS, CREDIT UNION SHAKE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS.
SUM OF OVERNIGHT RPS AND EURODOLLARS, HONEX MARKET FOND BALANCES (GENERAL PURPOSE AND BROKER/DEADER) r MMDAS AND SAVINGS
AND SHALL TIME DEPOSITS LESS THE ESTIMATED A40UNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TQ SERVICE
THEIR TIMS AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LAR6E TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTIT0TION-ONL?), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY
HONEY MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITOfiX INSTITUTIONS AND
HONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKEM/DEALER)•
ISSUED BI FOREIGN BRANCHES OF U.S* BANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
HONEY MARKET MUTUAL FfJUDS (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
Money rnarket deposit accounts
Date

at

at

commercial
banks

thrift
institutions

at

total

commerci*
banks

Savings deposits^
at~
thrift
institutions

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

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
12J.7

OCT.
HOT.
DEC.

324.3
329.2
332.4

179.8
180.3
179.6

504.1
509.5
512.0

1986-JAN.
FEB.
HAfl.

336.7
337.0
340.3

179.0
179.4
180.2

API-

344.7

180.4

1985-APR.
MAX
JUNE

total

Small denomination time deposits2
at
at
total
commercial
thrift
banks
institutions

290.6
292.2
295.4

383.8
385.2
386.5

174.6
174.9
175.4

298.9
298.9
299.1

124.6
124.3
123.5

178.3
179.0
178.3

515.7
516.4
520.5

123.9
123.6
124.9

525.1

127.2

Large denomination time deposits3
"at"
at
thrift
total
commercial
institutions
banks4

498.0
498.2
499.9

88J.5
886.3

269.2
266. 5
265.5

152.7
155.1
154.9

421.9
423.6
420.4

386.5
385.3
J85. 1

500.6
497.1
495.4

887.1
832.5
880.5

263.0
<tt>7.5

272.6

153.1
153.9
155.1

416.1
421.4
427.6

302.9
303.3
301.8

3 84.8
384.2
384.8

496.5
496.4
497.6

881.3
880.7
862.5

276.3
^76.2
280.9

156.2
157.1
157.8

432.6
435.3
438.7

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
891.8
891.8

288.6
290.4
267.6

159.0
160.7
163.2

447.6
451.0
450.7

185.8

313.0

384.4

505.5

869.9

283.5

164.0

447.5

;

I

MEEK BIDING
1986
APR.

127.4
127.4
126.8
127.1

385.5
383.8
J84.6
384.1

265.6
284.5

28

345.0
346.2
344.5
343.5

5
12 P
19 P

344.5
346.4
348.9

128.1
129. 1
129.7

383.4
362.6
381.9

280.5
260.5
^80.8

7
14

21
BAT

1/
2/
3/
4/

281.9

S A F U G S DEPOSITS EXCLUDE flflDJLS.
SHALL DENOMINATION TIHE DEPOSITS —- INCLUDING RETAIL EPS — ARE THOSE ISSUED IN AHOURTS OF LESS THAI $ 1 0 0 , 0 0 0 . ALL
INDIVIDUAL RETIREHENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COHHERCIAL BANKS AMD THRIFTS kBE SUBTRACTED FJZOfl SHALL
TIHE DEPOSITS.
LARGE DENOHINATIOH TIflE DEPOSITS ARE THOSE ISSUfiD IB AHOO0TS OF 1 1 0 0 , 0 0 0 OR HOHE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES ( I f i F S ) .
LARGE DSNOHINATION TIBS DEPOSITS AT COHHERCIAL BANKS LESS THOSE H£LD BY NONET HARKET flUTUAL eUBtoS, DEPOSITORY
INSTITUTIONS AND FOREIGN1* BANAS *AND OFFICIAL INSTITUTIONS.




H.6 (508)
Table 5-continued

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

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

Term
Eurodollars2

Savings
bonds

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

Components of Debt
Commercial
paper*

Federal debt 9

Non-Federal6
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

JULY
AUG.
StfPT.

65.0
63.6
62.3

29.8
30.4
30.9

25.9
26.7
27.5

55.7
57.1
58.4

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
18 7.8

1475.8
1495.8
1506.9

5002.9

OCT.
NO?.
DEC

63.3
64.5
64.6

30.2
31.2
31.6

29.3
31.6
33.9

59.4
62.8
65.5

79.3
7 9. 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

1516.6
1544.2
1583.7

5062.0
5119.6
5210.2

1986-JAN.
FEB.
MAR.

67.3
67.7
70.2

33.1
35.1
36.3

35-1
34.7
34.3

68.2
69.8
70.6

75.9
78.9
81.6

80.0
80.5
81.1

303.6
308.1
306.1

42.3
41*9
40.7

207.5
208.8
207.9

1606.7
1621.0
1633.2

5290.0
5319.2
5352.0

APR.

74.1

34.6

34. 1e

68. 7e

80.3

7
14
21
28

71.8
74.7
74.9
74.7

33.1
34.0
34.5
36.6

5
12 P
19 P

75.5
76.2
75.9

35.6
34.6
34.8

1985-APRHAI
JUNE

1443.8
1457.9

4738.9
4787.8
4841.1
4894.0
4945.6

•EEK ENDING:
1986-APR.

HAT

1/
2/
3/
4/
5/
6/

TERM EPS ASE THOSE WITH ORIGINAL MATURITIES GREATER THAN O«E D A I , EXCLUDING CONTINUING CONTRACTS AMD BBIklL EPS. INCLUDES
A RELATIVELY SHALL AMOUNT OF OVERNIGHT BPS AT THRIFT INSTITUTIONS.
T£BH EURODOLLARS ARE THOSE 1ITB ORIGINAL MATURITIES GREATS* THAN ONE D A I . CONSISTS OP THOSE ISSUED TO U . S . RESIDENTS fil
FOREIGN BRANCHES OF U . S . BkUKS WORLDWIDE AND B? ALL 3 AUK IMG OFFICES IN THE UJtITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
Bl DEPOSITORI INSTITUTIONS AND HONE! MARKET MUTUAL FUNDS.
CONSISTS OF U . S . TREA5URI BILLS AND COUPONS tflTH REMAINING aAfOBXTIES OF LESS THAN 12 8ONTHS HELD fll OTHER THAN DEPOSITORI
INSTITUTIONS, FEDERAL RESSRTE BANKS, AONEI JWfiXKT MUTUAL FUJDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BI ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FBDEBkL
HOME LOAN BANK SYSTEM AND HONEI MARKET MUTUAL FUUDS^
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER tihJ.0 Bl MONEI MARKET MUTUAL FUNDS.
DEBT DATA ARE OH A MONTHLY AVERAGE BASIS, DERlVfci* BI AVERAGING END-OF-HGNTii LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6 (508)
Table 6

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

Date

foreign
commercial
banks

foreign
official
institutions

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

U.S. government deposits
demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

time
and savings
deposits at
commercial
banks

2^8
4.0
3.0
4.3

20.0
10.6
13.4

27.0
16.4
21.1

1.2
1.3

56.7
57.4
57.8

75.3
76.8
78.1

3.1
2.8
3.4

2.4
4.8
11.1

8.5
10.7
17.9

1.3
1.3

58.2
58.7
59.2

79.0
79.5
80.9

8.4
8.4

8.3

145.7
146.6
148.4

34.5
31.7
19.2

1.4

3.4

20.5
21.0
12.4

1.5

60.7
62.5
64.2

81.9
82.9
86.4

8.6
8.7
9.0

151.2
1541.2
159.5

4.2

3.7

13.6

21.5

1.5

68.4

90.1

9.5e

167.9e

7.6
7.5
7.5
7.5

3.3
3.0
6.3

3^3
3.1
3.1
3.9

13.3
7.8
9.1
21.1

20.0
14.0
18.5
28.9

11.5
11.5

7.5
7.5
7.5

4.4
2.7

9.0
5.0
3.8

23.7
23.7
19.4

37.2
31.4
26.2

1.5
1.5
1.5

JUVB

8.0

2.0

8.3

JULY
AUG.
SEPT.

8.1

1.9

8.3

3.1

7.8

2.0
2.1

8.2
8.2

2.8
3.4

OCT.
NOV.

8.2

1.9
2.1

DSC

8.5

1.9

8.3
8.4
8.3

3.0

8.1

1986-JA*.
FEB.
HAft.

8.8
8.3
8.4

2.0

8.0

1.9

3.6
3.2
3.3

10.5
7.5

1.8

7.4
7.6

APE.

8.7

1.9

7.5

7

8.6

14

8.0
8.7
9.3

1.9
1.8
2.Q
2.0

8.9

1.8

8.5
8.8

1.7

3.0
3.4

1.3

1.4

1.3

UEB* RMDIWG:

HAT

5
12 P
19 P

1.8

3.9

3.0

...

e - estimated




total

70.4
71.9
73.4

6.7

21

money
market
mutual funds

53.5
55.1
55.9

6.6

3.1
3.4

28

thrift
institutions

1.1
1.2
1.2

3.9

8.3

1986
APB.

commercial
banks

22.0
27.6
17.7

1.9
2.1

8.1

total demand
deposits and
note and
FR balances

11.5
17.8
11.4

7.7
8.0

8.4

HAI

1985-APR.

note balances
at commercial
banks
and thrift
institutions

IRA and Keogh Accounts

1.5
1.5

8.6
8.6
8.4

8.5
6.4
6.3

132.5
136.6
137.7
140.4
142.6
144.3