Full text of H.6 Money Stock Measures : May 7, 1987

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 (506)
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

air

Billions of dollars
M1
Sum of currency,
travelers checks,
demand deposits and
other checkable deposits 1

Date

M2
M1 plus overnight RPs
and Eurodollars,
MMMF balances (gen. pur.
and broker/dealer), MMOAs,
and savings and small
time deposits 3

M3
M2 plus
large time deposits,
term RPa, term Eurodollars
and institution-only
MMMF balances*

7, 1987

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors*

Seasonally adjusted

640.5
648.2
659.6
667.5
676.6
687.0
693.1
701.4
712.4
730.5

2598.9
2623.8
2647.3
2667.5
2693.8
2718.4
2736.3
2760.7
2775.4
2799.8

3264.3
3293.1
3314.8
3338.3
3368.2
3395.9
3420.4
3440.9
3459.3
3488.9

3895.1
3920.2
3952.0
3972.6
3998.6
4026.8
4055.5
4081.4
4107.7
4140.9

6963.5
7023.9
7095.8
7167.5
7235.5
7315.7
7392.8
7453.9
7529.6
7626.0

1987—JAK.
PLB.
HAft-

737.6
737.2
739.2

2822.0
2821.5
2825.7

3515.3
3518.8
3524.3

4174.1
4182.9

7711.8
7768.8

1986—BA*.
APR.

631.3
653.9
652.5
6o9. 8
680.4
685.2
691.3
698.9
715-5
746.6

2594.4
2631.4
2637.9
2668.7
2700.4
2715.8
2728.8
2757.1
2777.7
2813.3

3262.4
3299.7
3306.5
3336.4
3368.4
3391.4
3414.8
3437.4
3463.6
3504. 1

3899.8
3927.2
3937.8
3971.3
3999.2
4023.6
4049.5
4075.7
4110.5
4154.3

6940.0
6996.6
7063.6
7132.4
7200.5
7284.9
7370.4
7436.4
7513.9
7618.7

744.3
723.1
728.7

2832.2
2809.5
2819.4

3526.1
3509.1
3521.4

4185.4
4174.6

7706.0
7752.4

19 8 6 " S AiU
APR.

flAI
JUM£
JULY
AUG.

S*PT.
OCT.
10?.
1>2C

Not seasonally adjusted

BAT

JUNE
JULY
AUG.
SEPT.
OCl.
MO?.
DEC

1987—JAM.
PE3.
MA a .

M1
For period ended
13-week average

1987-MAk.

2
9
16
23
30

APB.

6
13

20 P
27 P

£:

Seasonally adjusted
4-week average

week average

13-week average

Not seasonally adjusted
4-week average

week average

735.0
736.3
737.3
737.9
737.6

737.2
738.3
739.1
739.6
739.7

738.3
739.2
740.0
740.8
738.9

738.2
738.1
737.7
735.9
733.3

723.2
724.4
726.4
727.5
728.0

720.7
735.4
731.2
722.7
722.7

737.0
737.6
739.7
741.7

739.9
740.5
744.5
749.2

740.0
742.2
756.7
758.0

730.6
730.6
733.1
735.5

. 732.7
739.5
751.9
758.7

754. 0.
758.4
772.5
749.7

SPECIAL CAOTIOl SHOULD B& TAABI I I IITEBPEETIIG IBBI-TO-iEEI CBAIGBS I I flOIEY SOPPLI DATA, iHICH ABE
A M D sS 0
^ ? t L I ? i t T X L S AMD
°fiJECT
O BETISIOI.
*J*« T
™
P I I D I C A T E S PSKLIHIIAHI DATA.
fOOTIOTES APPEAR OI THE fOLLOaUIG PAGE




H.6 (508)
Table 2

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

Ml

3.7

3 MONTHS FBOM DEC-

1 9 * 6 TO HA*.

1987

6 MOUTHS PBOB SEPT.

1 9 8 6 TO 1UB.

1987

U.J

1 9 8 b TO BAB.

1987

15.4

1 2 MONTHS FROM MAR.

M2

8.7

M3

Debt 4

4.1

12.7

6.1

12.4

8.0

12.J

THIRTEEN V&£KS ENDING APR. 2 7 , 1 9 8 7
FROM THIRTEEN WEEKS EMDIMGz

1/

1/

2/

3/

5/

JAM.

26,

1 9 8 7 ( 1 3 WEEKS PREVIOUS)

OCT.

2 7 # 198t>

APB.

2fa #

9.0

( 2 6 WEEKS PREVIOUS)

14.1

1 9 8 6 ( S 2 WEEKS PREVIOUS)

15.9

GBOUTH MATES FOB DEBT ABE BASED OH PEBXODS BEGINNING AMD EM DIM G OMK MONTH EABLIBB THAM FOB TUB MONETARY AGGBEGATBS,
NAMELY, MOVEHBEB 1986 TO FEBRUARY 1987, AUGUST 1986 TO FEBRUARY 1987, AMD FEBRUARY 1986 TO FEBRUARY 1987, RESPECTIVELY.
FOOTNOTES TO TABLE 1
CONSISTS OF ( 1 ) CUBBEMCY OUTSIDE THE TREASURY, fEOERAL RESERVE BANKS, AND THE FAULTS OF COMMERCIAL BANKS;
(2) TRAVELERS CHECKS OF MOiBANK I S S U E R S ; ( 3 ) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUB TO
DOMESTIC BANKS, THE U . S . GOVERNMENT, AND FO&EIGU BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS lU THE PROCESS
OF COLLECTION AMD FEDEBAL BESSBVE FLOAT; AND ( 4 ) OTHEB CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER
OF MITHDBAMAL (MOM) AND AUTOMATIC TUkMSFER SEHV1CE (ITS) ACCOUNTS AT DEPOSITORY I N S T I T U T I O N S ,
CBEDIT UNION SHABE DBAFT ACCOUNTS AND DBflAND DEPOSITS AT THBXFT INSTITUTIONS.
THE CUBBENCI AMD DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AMD DEMAND DEPOSITS, RESPECTIVELY, HELD BY
THBIFT INSTITUTIONS TO SERVICE THEIB OCD L I A B I L I T I E S .
CONSISTS OF Ml PLUS OIEBNIGUT (AND CONTINUING CONTBACT) BPS ISSUED BY ALL COHMSBCIAL BANKS AND OVERNIGHT EUBODOLLABS
ISSUED TO U . S . BESIDENTS BY FOBEIGB BBANCHES OF U . S . BANKS BOBLDHIDE, HMDAS, SAflMGS AND SHALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING BETAIL UPS—IN
AMOUNTS OF LESS THAN $ 1 0 0 , 0 0 0 ) , AND BALANCES I N BOTH
TAXABLE AND TAX-EXEMPT 6BMEBAL PURPOSE AND BBOKSB/DEALEB MONEY MAJtKET MUTUAL FUNDS. EXCLUDES IBA AMD KEOGH
BALANCES AT DEPOSITOBY INSTITUTIONS AND MONEY MABKBT FOMDS. ALSO EXCLUDES ALL BALANCES HELD 0Y U . S . COMHBBCIAL
BANKS, MONEY MAfiKET FUNDS (GEMEBAL PURPOSE AND BBOKKB/DEALEB) t FOB BIG M GOVERNMENTS AND COMMifBCIAL BANKS, AND
THE U . S . GOVERNMENT.
ALSO SUBTRACTED I S A CONSOLIDATION ADJUSTMENT THAT BEPBESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AMD VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIMS AND SAVINGS DEPOSITS.
CONSISTS OF H2 PLUS LkhLiiE DENOMINATION TIME DEPOSITS ( I N AMOUNTS OF $ 1 0 0 , 0 0 0 OR MORE) AND TEBM HP L I A B I L I T I E S ISSUED
BY COMMERCIAL BhUKiS AND THRIFT INSTITUTIONS, £EBH EURODOLLARS HELD HY Q. S. RESIDENTS AT FORJSIGN BSLAMCUES OF U . S . BIUM.S
UOBLDHIJ)* 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.
A1CLUDES ArtOUNTS HELD BY DEPOSITOR! I N S T I T U T I O N S , THE U.S. GOVEBMHENT, HOMEY
MARKET TUUDS0 AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS.
ALSO SU8TBACTED I S A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT BPS AND EURODOLLARS HELD BY IMSTITUTIOM-ONLY HONEY MARKET MUTUAL FUNDS.
CONSISTS OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U . S . SAVINGS BONDS, SHORT-TEfifl TREASURY S E C U R I T I E S , COMHSBCIAL
PAPEB AND BAMKBBS ACCEPTANCES, NET OF MONEY MARKET MUTUAL FUND HOLDIMGS OF THESB ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTOBS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNNfcMTS AND PRIVATE MONFINANCIAL SECTORS.
PRIVATE DEBT CONSISTS OF CORPORATE BONDS, MORTGAGES,
COMSUMBB ChEDIT (INCLUDING BANK LOAMS), OTHER bANK LOANS, COMMERCIAL PAPEB, BANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ARE DBfllVED FfaOfl THE FEDEBAL HKSEUVE BOABD'S FLON OF tUHDS ACCOUNTS.
ALL DATA OU DEBT OF DOMESTIC
UGUriUAHClkL
SECTORS AfiL PKESENTID IM MONTH-AV4BAGE FORM, DERIVED BY AVERAGING HONTH-END LEVELS OF ADJACENT MONTHS.
THESE
DATA HAVL ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IN THE UNDERLYING FLOW OF FUUDS S T A T I S T I C S .
THE PRESENTATION OF DEBT DATA IN THIS RELEASE DLFtEHii,
THEREFORE, FHOM THE £UART£fiLY FLOW OF FUUl>S STATISTICS CONTAINED
IN THE FEDEBkL BESEBVE RELEASES 2 . 7 AMD Z . I .
IN THOSE BKLEISES0
PUBLISHED LEVELS OF CBEDIT MABKKT DEBT ABE MEASURED ON
A kjUARTEB-KNl) BASIS AMD fNrUJDE !»T SfOifT TfWJTt KS




COMPONENTS OF THE MONEY STOCK
1
|.
1

D*tt

=5

Dwiiand

OtMMiwMi
dtpotltt 4

In MS

1

ti
at

toft*

i

ii timhT
*

' " B^H******** ' —
*

OOfffflWOM

tfirffi

•1

Mvtft

fctftf

504.6

892.0

tanta*
292.7

•• timi frpiuiW
*
to*
ffiftft

1986-HAB.

173.8

6.1

274.6

186.0

1958.3

665.4

tento
125.8

180.8

306.6

tart*
387.4

155.9

448.5

APB.
HAY
JUNE

174.4
175.8
176.7

6.1
6.1
6.2

277.7
282.2
285.0

189.9
195.5
199.6

1975.6
1987.7
2000.0

669.3 I
667.5 <
670.8

127.2 183.9
129.5 187.3
190.2
131.5

311. 1
316.8
321.6

387.1
384.1
381.5

506.0
503.9
501.5

893.1
868.0
883.0

293.5
289.9
289.4

157.7
157-7
158.2

451.3
447.6
447.6

JULY
AUG.
SEPT.

177.6
179.0
179.7

6.3
6.4
6.4

288.2
291.2
292.2

204.5
210.4
214.7

2017.2
2031.4
2043.2

674.4 !
677.5 i
684.2

134.0 193.3
137.5 197.2
141.1
200.3

327.4
334.6
341.4

380.0
377.0
374.1

500.9
499.6
498.1

880.9
876.7
872.2

289.5
290.1
289.8

158.9
159.3
158.7

448.3
449.4
44«. 5

OCT.
NOV.
DEC.

181.2
182.4
183.5

6.4
6.4
6.4

293.4
297.8
308.3

220.4
225.9
232.3

2059.3
2063.0
2069.3

680.2
683.9
689.1

145.8
150.2
154.5

204.6
206.3
211.7

350.4
358.5
366.2

370.0
365.9
364.7

494.7
491.3
488.5

864.7
857.1
853.3

288.3
290.0
292.0

157.4
156.8
155. 1

445.7
445.9
447.0

1987-JAN.
rEB.
BAB.

186.0
187.2
187.8

6.5
6.7
6.8

305.1
300.7
299.1

240.1
242.7
245.5

2084.3
2084.2
2086.4

693.3
697.4
698.7

159.8
164.4
168.2

216.9
222.9
228.3

376.7
387.2
396.4

364.7
362.5
360.0

466.6
485.0
485.3

851.2
847.6
845.3

295.6
296.0
299.1

153.8
152.0
150.8

449.6
448.0
449.9

BEBK ENDING
1987
MAR.

APfi.

1/
2/
3/

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

2
9
16
23
30

187.5
187.7
187.9
188.1
187.7

300.5
300.1
299.0
299.4
298.5

243. 5
244.6
246.3
246.5
245.9

165.9
167.1
167.8
168.6
169.5

361.9
361.0
360.2
359.6
358.9

297.0
297. «
299.1
299.2
300.8

6
13
20 P
27 P

187.7
188.6
189.3
189.3

299.6
299.2
308.4
307.1

245.8
247.6
252.2
254.8

171.2
172.1
172.0
174-6

358.6
358.9
357.9
357.9

303.2
305.1
306.1
308*2

CURRENCY OOTSIOB THE U . S . TREASURY. FEDBBAL BBSBBFE 0ABKS ABB TAOLTS OF COBHEBCIAL BABKS.
BXCLODBS THE ESTIflATED
AMOUNT OF fAULT CASH HELD BI THRIFT IMSTIT0T1OHS TO SBBflCB THEIR OCD L I A B I L I T I E S .
OUTSTANDING ABOOMT OF U - S . DOLLAa-DBNOHINATBD TBAfBLEBS CHECKS OF BOBBABK ISSUERS. TBAfELEHS CHECKS ISSOBO BT DEPOSITOBI
IMSTITUTIOIS ABB IMCLODED I B DBBAIO DEPOSITS.
DBAABO DEPOSITS AT COHHBBCIAL BARKS ABD F0BE1GB BELATED INSTITUTIONS OTHEB THAN THOSB DDE TO DOMESTIC BANKS, TBB 0 . S . COfgEfBKBT AVD F0BEI6M BABKS ABD OFFICIAL INSTITUTIOBS LESS CASH ITBBS IB THE PB0CBS5 OF COLLECTIOB AND tEDEMkh NBSEBVE FLOAT.
EXCLUDES THE ESTIflATED ABOONT OP DEMAND DEPOSITS HELD AT COBBEBCIAL BABKS B I THBIFT INSTITUTIONS TO SBfiflCE THBIB OCD
LIABILITIES.
CONSISTS OF NOB AND ATS BALANCES AT ALL DEPOSITOR! INSTITUTIONS, CBBDIT ONION SHARE DBAFT BALANCES AND
DEB AND DEPOSITS AT THBIFT INSTITUTIONS.
SUB OF OFEBBIGflT BPS AND OVEBNIGHT EURODOLLARS, HONEY MARKET FOND BALANCES (GENERAL POBPOSE AND BBOKBB/DBALBB),
HHDAS, AND SAflNGS AND SHALL TIHE DEPOSITS, LESS THE CONSOLIDATION ADJOSTBBBT THAT BEPBESEBTS THE ESTIflATED AMOUNT Of
DBflAND DEPOSITS AND fAULT CASH HELD BI THBIFT INSTITUTIONS* TO S B B f l C E THEIR TIME ABD SAflNGS DBPOSITS L I A B I L I T I E S .
SUfl OF LABCE TIME DEPOSITS, TEBfl BPS AND TEfifl EURODOLLARS OF 0 . S . RESIDENTS, BOBBT BABKBT FOND BALANCBS (INSTtTUTIONOMLI) # LESS A CONSOLIDATION ADJUSTflENT THAT &EBB&SRUTS THE BSTIflATBD AMOUNT OF OVBBNIGHT BPS AND EURODOLLARS HELD B I
INSTITUTION-ONLT HOMEI MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE flHDAS.
SMALL DENOHINATION TIME DEPOSITS—INCLUDING RETAIL B P S — ABE THOSE ISSUED I B AMOUNTS OF LESS THAN $100,000.
ALL
INDIVIDUAL BETIfiEHKNT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THBIFTS ABB SUBTRACTED FROM SHALL
TIRE DEPOSITS.
LARGE DENOfllNATION TIHB DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $ 1 0 0 , 0 0 0 OB MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LARGE DENOfllNATION TIMS DEPOSITS AT COMMERCIAL BANKS LESS THOSB HELD BT HONBT MARKET MUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H 6 (506)
Table 4

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

3/
4/

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

commercial paper3

Debt components4
non-federal debt

federal debt

80.5
81.2

306.0
299.4

42.5
41.4

208.6
20B.B

16J1.0
16,48.5

5297.8
5J3i.Q

A PH.
MAY
JUNE

81.9
82.7
83.5

298.5
304.0
298.3

40.6
39.8
39.8

206-1
210.7
212.6

1641.3
16*5.1
1691.9

5382.4
5430.8
54*75.6

JULY
AUG.
SEPT.

84.3
8b. 3
86.4

292.6
288.7
287.9

39.0
37.3
36.9

214.5
219.7
223.9

1712.6
1725. 1
1741.b

5522. 9
5590.6
5651.2

OCT.

87.7
89.8
91.7

286.7
292.2
292.5

37.7
38.0
37.5

228.4
228.4
230.2

1755.2
1776.5
1804.8

5698.7
57S3.0
5*21.2

92.7
93.5

288.7
291.5

37.8
39.3

239.7
239.8

1817.8
1824. 7

5894.0
5944.0

1987-JAN.
JPSB. P

2/

sri

1986-FEB.
MAfi-

NOW.
DEC.

1/

savings bonds

CONSISTS OF U . S . TBEASUHY BILLS AND COUPONS WITH 8 KM AIMING MATBEITIES OF LESS THAN 12 MONTHS HELD BI GTUJSfi THAN DJBPO&ITOftl
INSTIT0TIONS # F£D£fiAL fi£S£«Vfi BANKS, BOBBY flAMMiJT MUTUAL tUWDS AND fOBXIG*
SNTITI85.
NKT OF BANKERS ACCEPTANCES HtLLO BI ACCEPTING 1UNKS, r&DHUkh B&S&U1& BANKS, fOfiKIGN OFFICIAL INSTITUTIONS, TUB FBDEBAL
HOi!E LOAN BANK SYSTEM AND HONEY BAB JUST HUTUAL FUNDS.
TOTAL COaSEBCIAL PAPEU LESS COHHEBCIAL PAPEB &&LD BY HONKI AAfiKJBT MUTUAL FUNDS.
UBtiT DATA ABE ON A HONTULY AFEJUGE BASIS,
DKftlVID BI AfKBAGING SND-OF-MONTH LEVELS OF AiklACINt MONTHS, AMD HAVE BEEN
ADJUSTED TO M&MOYI DISCONTINUITIES.




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

Other checkable deposits

Oate

Currency1

Travelers
checks*

Demand
deposits1

at commercial
banks4

at thrift
institutions*

total

in M2

-

in M3 only'

Overnight
RPs'

Overnight
Eurodollars*

General
purpose and
broker/dealer
money markei
funds

1986-flAb.

172.2

5.8

2*7. 7

129.5

56. 1

185.6

1963.1

668.0

50.9

16.4

186.2

APR.
JUHE

173.6
175.7
177.4

5.8
5.9
6.5

279.5
277.4
286.2

135.1
133.1
136.9

59.9
60.3
62.0

195.0
193.5
199.7

1977.5
1985.4
1998.9

668.3
668.6
66 7.7

50.7
51.3
49.7

17.5
17.6
16.6

191.4
193.2
197.3

JULY
AUG.
SEPT.

179.1
179.9
179.5

7.2
7.3
6.9

290.5
289.4
291.3

139.3
143.0
146.9

64.3
65.6
66.6

203.6
208.6
213.5

2020.1
2030.6
2037.6

668.0
675.6
686.0

54.6
57.6
55.5

17.2
17.1
17.3

199.7
200.5
202.2

OCT.
NOT.
DEC.

180.9
183.2
186.2

6.5
6.1
6.0

293.0
300.1
319.5

150.4

155.7
162.8

68.1
70.3
72.2

218.5
226.0
235.0

2058.2
2062.2
2066.7

680.3
685.9
690.8

58.1
57.9
58.3

19.4
18.8
19.0

206.9
207. 1
207.6

19S7-JAN.
FBBL
HAB.

184.6
184.8
186.0

6.0
6.2
6.4

311.0
291.9
291.4

169.7
167.6
170.4

73.0
72.6
74.5

242.8
240.2
244.9

2087.8
2086.41
2090.7

693.9
699.6
702.0

61.5
60.2
58.1

22.3
19.5
19.1

209.0
210.7
211.6

rur

«EEK £«DDK»:
1987-MAB-

APR.

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

2
9
16
23
30

184.2
186.9
186.5
185.9
185.3

290.2
294.8
292.6
287.0
288.0

167.5
171.9
170.6
169.6
169.2

72.5
75.5
75.0
73.6
73.6

239.9
247.4
245.7
243.3
24 2.9

60.8
59.4
58.7
56.1
57.4

19.1
18.3
17.9
19.1
20.9

210.9
212.0
212.4
211.6
210.9

6
13
20 P
27 P

188.0
188.7
188.5
187.1

304.4
304.2
314.0

176.2
178.9
183.5
177.2

79.0
80. 1
80. 1
76.7

255.2
259.0
263.6
253.9

58.1
58.0
52.9
55.9

19.6
19.2
18.8
25.0

210.3
211.9
212.6
212.6

CURRENCY O0TSIDE THE U.S. TREASURY, FEDERAL RESERVE BARKS AND THE VAULTS OF COMMERCIAL BAMKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AflOONT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF MONBANK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ABE INCLUDED IN DEHAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DOS TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEHS III THE PROCESS OF COLLECTION AND F.fi. FLOAT, LESS THE ESTIMATED AflOUNT OF DEHAND
DEPOSITS HELD AT COIIHEBCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF MOW AND ATS BALANCES AT COHHEBCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FORBIGH BANKS, AND EDGE ACT
CORPORATIONS.
CONSISTS OF NON AND ATS BALANCES AT SAflNGS AND LOAN ASSOCIATIONS AND HOT0AL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS.
SUd OF OVERNIGHT BPS AMD EURODOLLARS, HONEr flABKET HMD BALANCES (GEHBBkL PURPOSE AND BROKER/DEALBR) ,flJIDASAND SAVINGS
AND SMALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIB TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TBBH BPS AND EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THii ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY
HONE* MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT BPS ISSUED BY COMMERCIAL BANKS TO OTHEB THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS (GfcNLHAL PURPOSE AND BROKER/DEALER).
ISSUED BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE TO U.S. RESIDENTS OTHEB THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL fUNDS (Gl^.^AL PURPOSE ANJ unOKER/Dh'ALb'H) •




H.6 (508)
Table 5-continued

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

Date

Money market deposit accounts
at
at
thrift
total
commercial
banks
institutions

at
commercial
banks

Savings deposit!
at
thrift
institutions

total

Small denomination time deposits 2
at
at
thrift •
commercial
total
banks
institutions

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

198to-HAB.

340.8

180.2

521.0

125.1

181.0

306.1

386.7

504.5

691.1

294.6

155.9

450.5

APR.
HAY
JUNE

345.4
349.2
356.0

180.7
182.4
185.1

526.1
531.6
541.0

127.2
129.9
132.5

184.2
187.8
191.2

311.5
317.7
323.6

384.8
382.4
381.0

504.2
500.3
498.5

889.0
862.7
879.5

290.8
268.6
266.7

156.8
157.5
157.6

447.7
446.0
444.3

JULY
AUG.
SEPT.

359.8
364.3
366.9

186.9
189.3
189.9

546.6
553.6
558.8

135.4
137.6
141.0

194.7
195.6
198.6

330.1
333.2
339.6

380.4
378.5
3 75.9

500.5
498.9
497.4

880.9
877.5
873.3

286.7
289.9
291.2

158.1
159.3
159.1

444.8
449.2
450.3

OCT.
NOV.
DEC.

372.6
376.0
379.0

191.9
192.7
192.3

564.4
568.7
571.3

146.4
150.3
153.8

204.8
209.0
211.7

351.1
359.3
365.5

371.3
366.7
364.4

496.1
492.9
489.6

867.3
859.5
854.1

289.5
290.8
293.4

157.8
156.0
154.7

447.3
446.8
448.1

1987-JAN.
FSB.
HAB.

381.7
378.5
378.2

192.4
192.2
192.2

574.2
570.7
570.4

159.2
162.8
167.1

217.2
221.9
228.2

376.4
384.7
395.2

364.4
362.1
359.6

489.6
487.5
485.5

854.1
849.6
845.2

297.0
296.2
301.5

154.2
152.8
150.9

451.2
451.0
452.3

IBBK

ENDING

1987
HAH.

APB.

2
9
16
23
30

378.2
378.9
378.8
377.6
377.1

164.0
165.6
166.7
167.6
168.6

361.3
360.7
359.8
3 59.2
358.6

299.5
300. 1
301.2
301.7
303.3

6

379.2
379.1
375.5
371.0

171.6
172.5
171.5
171.9

357.4
356.4
356.3
355.8

303.1
J03. 1
302.0
304.5

13
20 P
27 P

1/
2/
3/

SAVINGS DEPOSITS EXCLUDE HHDAS.
SHALL DENOI1INATION TIHE DEPOSITS — INCLUDING BKTAIL RPS — ABE THOSE ISSUED IN AHOUNTS OF LESS THAN $ 1 0 0 , 0 0 0 .
ALL
INDIVIDUAL HETIBEHENT ACCOUNTS (IBA) AND KEOGti ACCOUNTS AT COHHEBC1AL BANKS AND THBIPTS ABE SUBTRACTED FBOH SHALL
TIHE DEPOSITS.
LAfiGE DKMOHINATION TIHE DEPOSITS ABE THOSE ISSUED IN AROUNTS OF $ 1 0 0 , 0 0 0 OB HOHE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACIUTIES ( I B F S ) .
. 8ANKS LESS THOSE HELD Bf HONE! HABKET HUTUAL FUNDS, DEPOSITOR!




HO

(5O0)

Table 5-continued

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

Institution
only money
market funds

at commercla
banks

at thrift
Institutions

total

"FHrn
Eurodollars1

Savings
bonds

Non M3 Components of I
Short-term
Bankers
treasury
' acceptances 4
securities 1

Components of Debt
Commercial
paper1

Federal debt*

Non-Federal 9
debt

19a6-ftAH*

70.2

37.3

34.3

71.6

82*7

01.1

305.6

40.8

209.8

1633.3

5306.8

APR.

iur

74,1
76.1
75.0

35.7
35.5
33. 8

35.8
38.6
41.2

71.5
74. 1
75. 1

81.4
79.7
80.0

81.8
82.fr
83.4

300.6
298.8
296.4

39.9
39.6
39.8

205.2
210.3
215.3

1644.6
1660.7
1678.9

5352.0
5402.9
5453.5

JULY
AUG.
SEPT.

77.5
60.8
84.4

33.2
34.0
35.6

41.2
41.1
42.2

74.3
75. 1
77.8

78.2
77.2
79.9

84.2
65.2
66.4

292.1
290. 2
287.8

39.2
37.9
37.4

215.3
219.0
223.1

1695.6
1713.3
1734.5

5504.9
5571.6
5635.9

OCT.
MO?.
DEC

84.5
84.4
84.1

34.3
36.9
34.9

43.6
45*4
47.0

77.?
62.3
81.9

76.6
78.4
83.2

87.8
89.9
91.9

283.9
291.1
292.2

38.0
36.0
37.4

228.7
22 7.9
228.7

1747.9
1769.0
1801.2

5680.5
5744.9
5817.5

1987-JAN.
FEB.
MAR.

84.0
84.7
84.9

33.3
34.4
33.6

47.3
48.9
48.5

80.6
83.2
82.1

86.2
89.9
91.4

92.7
93.5

289.6
292.7

37.8
36.9

239.3
240.4

1816.9
1026.7

5669.1
5925.7

2
9
16
23
30

85.4
85.1
84.9
85.2
84.4

35.1
33.3
32.6
33.7
34.2

6
13
20 P
27 P

84.0
84.7
82.5
82.0

33.3
34.5
39.9
37.2

SEEK

ENDING:

1987-HAR.

APR.

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

TERM UVS ARfi THOSE «ITH ORIGINAL MATURITIES GKEATBR THAN ONE DAT, EXCLUDING CONTINUING CONTRACTS AHD RETAIL RPS. INCLUDES
A RELATIVELY SHALL AMOUNT OF OVERNIGHT RPS AT THRIFT INSTITUTIONS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAT. CONSISTS OP THOSE ISSUED TO 0.S. RESIDENTS BI
FOREIGN BRANCHES OF D.S. BANKS WORLDWIDE AND BY ALL BANKING OFFICES IN THE 0NITBD KINGDOM AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITOR! INSTITUTIONS AND HONEI MARKET flUTUAL fUUDS^
CONSISTS OF U.S. TREASURY BILLS AND COUPONS *UTH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BI OTHER THAN DBPOSITORI
INSTITUTIONS, FEDERAL RESERVE BANKS, MONET MARKET MUTUAL FUNDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND HONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER L^SS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVEHAGE BASIS, DERIVED BY AVERAGING END-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES,




H6 (508)
Table 6

MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted
! Demand deposits at banks due t<

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

U.S. government deposits
demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

note balances
at commercial
banks
and thrift
institutions

total demand
deposits and
note and
FR balances

IRA and Keogh Accounts
time
and savings
deposits at
commercial
banks

foreign
commercial
banks

foreign
official
institutions

1986-HAft.

8.4

1.7

5.3

3.4

3.4

12.4

19.2

1.5

65.2

87.6

9.0

161.8

APfi.
HA I
JUHZ

8.8
9.1
9.4

1.7
1.7

4.9
4.7
4.4

4.3
3.0
3.5

3.7
4.8
2.9

13.6
18.7
12.6

21.6
26.5
19.0

1.6
1.6
1.7

68.7
10.2
10. 6

92.2
93.7
94.7

9.8
10.J
10.1

170.7
174.0
175.4

JO LI
AUG.
SEPT.

9,7
9.5
9.9

1-9
1.7
1.8

4.2
4.2
4.2

3.6
3.0
3.6

3.8
3.2
5.6

13.2
8.1
14.6

20..$
14.2
23.8

1.7
1.7
1.8

71.0
71.3
71.5

95.4
95. 1
95.2

10.2
10.2
10.5

176.6
176.7
177.2

OCT.
HO¥.
DEC

10.0
9.7
9.9

1.8
2.0
1.8

4.2
4. 1
4.1

3.4
3.4
3.7

3.4
3.2
3.7

11.8
11.9
15.5

18.6
18.4
22.9

1.8
1.7
1.7

71.6
72. 1
72.8

95.6
95.6
96.2

10.8
10.7
10.7

178. 1
178.4
179.7

1987-JAV.

10.4
9.9
9.5

1.8
1.7
1.7

4.0
4.0
4.0

3.7
3.3
3.5

9.6
5.0
3.1

23.8
25.2
13.6

37.1
33.6
20.3

1.7
1.6
1.6

73.4
74.0
75.4

97.4
98.3
99. 2e

10.8
11.0
11. 2e

181.6
183.4
185. Be

2
9
16
23
30

9.8
9.5
9.4
9.8
9. t

•8
.6
•8
.5
.7

4.0
4.0
4.0
4.0
3.9

3.2
3.5
5.1
3.0
2.6

3.3
3.6
3.3
2.8
2.7

23.2
14.6
8.5
18.4
11.2

29.7
21.7
16.9
24.3
16.5

1.6
1.6
1.7
1.6
1.6

6
13
20 9
21 P

9.8
9.8
9.7
9.6

.0
.9
.6
.8

3.9
3.9
J. 9
3.9

5.0
3.0
6.4
4.9

4.0
3.6
3.7
9.1

6.5
12.3
15.8
25.8

15.5
18.9
26.0
39.9

1.7
1.6
1.6
1.6

Date

AAfi.
UREl EMDIMG;
1987
HAH.

APB.




commercial
banks

thrift
institutions

money
market
mutual funds