Full text of H.6 Money Stock Measures : November 20, 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 (506)
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

flOWEHBKft 2 0 , 1986

Billions of dollars

Date

M1

M2

M3

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

M l plus overnight RPs
and Eurodollars,
MMMF balances (gen. pur.
and broker/dealer), MMDAs,
and savings and small
time deposits 1

M2 plus
targe time deposits,
term RPs, term Eurodollars
and Institution-only
MMMF balances 3

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors*

•
Seasonally adjusted

1985—OCT.
MOV.
DEC

614.2
620.1
626.6

2538.9
2551.4
2566.5

3165.8
3181.3
3201.2

3762.8
3800.5
3839.5

6560.9
6643.5
6769.0

1986—JAM.
FEB.
ttAfi.
APB.
HAT
JUNE
JULY
AUG.
SEPT.
OCX. P

627.2
631.0
638.4
646.1
658.7
666,8
676.0
687.6
693.1
701.2

2569.9
2577.7
2592.4
2622.1
2649.6
2670.6
2699.0
2723.8
2740.2
2764.1

3224.5
3241.5
3262.5
3293.7
3315.3
3338.9
3375.2
3400.2
3424.8
3443.5

3862.2
3881.2
3895.0
3918.3
3950.5
3972.9
4003.1
4031.2
4061.9

6867.6
6911.2
6954.7
7012.0
7078.9
7145.1
7^09.3
7284.5
7353.9

1985—OCT.
MOV.
DSC

612.2
621.7
639.9

2534.2
2549.7
2574.7

3162.7
3184.7
3213.9

3760.3
3803.2
3845.7

6545.2
6629.1
6762.4

1986—JAB.
FEB.
BAR.
APR.
HAT
JUKE
JULI
AUG.
SEPT.
OCT. P

633.5
619.2
630.5
652.9
651.8
669.2
679.8
684.6
690.7
698.4

2578.6
2570.9
2594.4
2631.8
2640.6
2672.8
2704.3
2718.6
2730.9
2758.1

3232.2
3233.4
3262.9
3300.2
3308.6
3339.6
3372.7
3394.9
3417.5
3439.5

3867.4
3873.6
3899.2
3928.4
3937.2
3973.1
4003.2
4027.5
4056.9

6861.5
6894.3
6931.5
696*. 2
7047.5
7110.3
717J.8
7253.3
7331.3

M1
For period ended
13-week average

1986-OCT.

MO?.

MOTE;

Seasonally adjusted
-week average

week average

13-week average

Not seasonally adjusted
4-week average

week average

6
13
20
27

687.4
689.1
691.0
693.1

694.9
696.3
698.3
700.9

701.3
696.3
702.2
703.8

685.8
686.9
688.7
690.4

690.7
691.4
695.8
49a. 8

703.6
704.2
702.4
688.8

3 P
10 P

694.9
697.1

701.4
705.6

703.4
712.8

691.9
694.0

698.7
702.7

703.5
716.2

SPECIAL CAUTIOM SHOULD BX IAKEH III IMIEEPEEXIMG
HIGHLI VOLATILE AMD SUBJECT TO BBVXSI0M.
P — INDICATES PBELIIIMAAY. DATA.
FOOTNOTES APPBAB OM THE FOLLOWING PAGE




HESK-IO-flEEK CHAMGES IM «OMEI SOPPLY DATA,

IHICH

H 6 (508)
Table 2

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

M1
3 BOMXHS FB08 JULI
6 AOHTiiS F808 APB.
12 BONXHS FBOH OCX.

1986 TO OCT. 19S6
1986 TO OCT. 198b
1985 TO OCX. 1986

M2

M3

Debt*

14.9

9.6

8.1

11.7

17.1

10.8

9.1

11.5

14.2

8.9

U.I

THIBXEEN V&&K.S EUDIMG NOV. 10, 1986
FfiOa XHIBTEEN VEEKS XUDlUGz

1/

V

2/

5/

AUG.

11, 1986 (13 NKEKS PREVIOUS)

15.8

HAT

12, 1986 (26 BEEKS PBBVIOUS)

17.2

NOV.

11. 1985 (52 BEEKS PBBVIOUS)

1J.9

GfcOBTH AAXES FOE DEBT A£8 BASED Oil PBBIODS BEGINNING AMD ENDING ONE SOUXI* EAHU BE THAN FOB THE BOMEXAAY AGGREGATES,
MABBLY, JUNE 1 9 6 6 TO SBPTEaSBfi 1 9 8 6 . 8ABCH 1 9 8 6 2 0 SKPXEHBEH 1 9 8 6 , AND SEPTEBBEB 1 9 8 5 TO SEPfBEfiE* 1 9 * 6 , BBSPECIIVBLI.
FOOTNOTES TO XABL8 1
CONSISTS OF ( 1 ) CUBBBNCY OUTSIDE TUB TBBASOBY, F*DB*AL BBS8B98 BANKS, AMD tflB VAULTS Ot COaUBACIAi. BAM1CS;
(2) XBAfSJLBBS CHECKS OF HOKBAMK XSSDJBBS; (3) D&Aktib DBPOSIXS AX ALJL COaflK*CIAL BAMKS OXHKA XBAM XttOSfi DUK XO
DOaaSIIC BAIJLS, THB O . S . GOYEfiMflBJIX, AMD FOBBXGM BABJLS AMD OFFICIAL IMSXXXUXXONS LJSSS CASK it&BS 1U TU& PBOCB^S
OF COLLSCTIOM AHX> FEOBfiAl. BBSEBVS FLOAT; AMD ( 4 ) OXHEB CHBCKABL2 DEPOSITS (OCO) COISISIIMG OF BiJttOXIAitLB OBOSA
OF BXXttDBAMAi. (BOB) AMD AUTOBATIC TfiABSFEB SJBBfXC£ (ASS) ACCOOBXS AX DBPOSIIQBI IM5XIXUIX0M5,
CBS&I2 UU1QU SBl&B DfiAFT ACCOUNTS AMD DEHAMD DBPOSIXS AX XiiBXFX XBSXXXOXXOXS.
TUB COBBJiMCI AMD DXAkMD
DEPOSIT COBPOMBMXS BXCLODB THB ESTXHAXBD ABOUIT OF f AOLX CASH AMD DBHAMD DKPOSIXS # BBSPiiCXUfBi.Jf# BBLD Bt
XUBXFX XBSXXXOXXOBS XO SBBVICB XHBXB OCO LXAtiXLXTIES.
COXSXSXS OF a i PLUS OV£BBXGiiX (AMD COMXIIOIMG COMTBACT) EPS ISSUED Bt ALL COaSEBCXAL fiAMlCS AMD O»BBJ»IGHX BOBODOLLABS
ISSUED TO O.S* BESXDSMXS BT FOBBXGM BBABCBBS OF 0 . S * BANKS iOBLDHIDB, BBDAS# SAYIMGS AMD SHALL OBMOHXMAIIOH
X i a B DBPOSIXS ( X i a B D B P O S X I S — X M C L U D I V G RETAIL jtPS—XM AflOUMTS OP LESS XHAM S I 0 0 , 0 0 0 ) , AMD BALAMCBS XM BOXU
TAXABLE AMD TAX-EXEMPT GEMEBAL PUBPOSE AMD BAOKJSE/DEALEE aOMfilf tfABKBT 8UX0AL FOMDS. EXCLUDED XEA AMD &EOGH
BALAMCES AX DEPOSXXO&Y XMSTXTOXIOMS AMD 80MEX BABKEX FUMDS. ALSO EXCLUDES ALL fiALAMCBS UKLD fll O . S . COMaEBCIAL
BAMKS. MOMBI BABKSX FUMDS (GEMEBAL POBPOSB AMD BEO&EB/DEALEB), FOBEXGM GOfKBMflEMTS AMD COaaEBCXAL BAMKS# AMD
THE U . S . GOfEBMaSMX.
ALSO SOBTB ACTED I S A COM SOLID ATI OM ADJUSXflBMT I«AT SLKBBiSEMTS TUB itSTIBATED AflOUMT
OF DBtfAMD DEPOSXXS AMD FAULT CASH HELD BI XttBXFX XMSXIXUXXOMS XO SEEfXCB XHEIA TZtLK AMD SAVINGS DEPOSITS.
CONSISTS OF H2 PLUS LAHGB DEMOttlMATIOM TIME D&BOSITS (IM AMOOMXS OP $ 1 0 0 , 0 0 0 OB BOBB) AMD TEJta JtP LIABILITIES ISSUED
Bt COaaEBCXAL BANKS AND tH&IXt
IMSXIIUXIOMS, t&&* EQttODOLLABS HELD BY U . S . J1ESIDEMTS AX FOBEIGM DEAMCflES OF O . S . BANKS
NOBLDIUDB AND AX ALL BANKING OltflCliS
IN THB UJIIXED KINGDOM AMD CAM AD A, AND BALANCES IN BOXH TAXABLE AND I AX-EXEMPT
INSXXXUXION-ONLX BOMEX NABKEX flUTUAL FUNDS. &XCL0D&S AaOUMTS H&LD BY DBPOSIXOAY INSTITUTIONS^ THE U . S . GOVEBMBBNT, NONEY
BASKET FUNDS. AND FOBEIGM BANKS AND OFFICIAL IMSTITUXIOMS.
ALSO SilfiXEACXSD I S A CONSOLIDATION ADJUSTMENT THAT EEPBESJBNXS
XHE ESTIMATED AHOOMT Of OVERSIGHT BPS AND EUBODOLLASS HELD BY IMSTITUTIOM-OMLY HOME! BASKET MUTUAL FUMDS.
CONSISTS OF 8 3 PLUS THE MONBANK PUBLIC HOLDINGS OF O . S . SAVINGS BQMQS, SH0BX-XEJL8 XBEASUEI SECUBIXIES # C0B8E8CIAL
PAPEB AND BANKSES ACCEPTANCES, MEX OF 80NBY 8ABKEX flUTUAL FUND HOLDINGS QB THESE ASSETS.
DEBT OF DOMESTIC MONFINANCIAL SECTOBS CONSISTS OF OUXSXANDING CBEDIX 8AB££X D&BT OF THE VU1T&0 STATES GOVEENaENX.
STATE AND LOCAL GOVEfiMHKMTS AMD PBIVATE MOMFXMANCXAL SECXOBS.
PBXVATB DEBT CONSISXS OF COBPOfcATS BONUS# ttOBTGAGES,
CONS08BB CREDIT (IMCLUDING BANK LOANS), OTHiiK BANK LOAMS, C084EBCIAL PAPBB, fiAMKEBS ACCEPTANCES AND OXHEB DEBT
INSXBUaENTS. XHE DATA ABE DEBIVED FBOB THE t&DsHLkl. B&SMSLMB BOABDaS FLOB QF FOMDS ACCOUNTS.
ALL DAXA ON D&3X OP D088SXIC
MOMFIMANCIAL SECTOBS AB£ PHESfcMTED IN SOMTU-AVKkAGE FOBH, DhkiySD
BY AVBBAGING MOMTH-END L^&LS
OP ADJACENT 8ONXHS« HMKS&
DATA HAVE ALSO BEEN ADJUSTED XO ttBHOVS STATISTICAL DISCONTINUITIES XUAX 8AY ABISE IN XHE UMDittLYIMG FLON OF FUNDS SXAXISXICS.
XHE PitfcSEHTATION OF DEBT DAXA XM XHIS 8ELEASE DIFFEfiS, XHEEKFO&E, FBO8 THE QUABTEBLY FLOW OF *UMDii STATISTICS CONTAINED
IM XHE FEDEBAL gESEBVB MEL^ASES Z. 7 AMD 2 . 1 . IU THOSE B8LEAS8S, PUBLISHED LEVELS OF CEJ&DIX 8ABK8T DEBT ABB NJ2ASUB8D ON
A QUABXEB-EMD BASIS AMD INCLUDE DISCONTINUITIES.




COMPONENTS OF THE MONEY STOCK
Billions of dollars, saasonafty ad)uatad
NOfiiiMiMCiimra

Data

Currency 1

Travttefi

r^inanft
UfnWnB

dapoatts'

Otnar
cnacfcaMa
deposits 4

oomponsnts

Inltt
on**

InM*

•

Savings dapoahV
at
oommofciAl
tanks

at
thrift
fottttlltlOfW

total

Salsctsd nontiansactlons Hsms
SfnaM tfcns dapoaita^
at
at
nwm
total
Inatltutfona
banfca

M tkna dsposfts*
at
thrift
total
commsfclal
banks 19 institutions

at

168.7
169.8
170.6

5.9
5.9
5.9

266.0
267.8
271.5

173.7
176.7
178.6

1924.6
1931.3
1939.9

626.9
629.9
634.6

124.4
124.8
124.5

177.9
179.0
179.1

302.3
303.7
303.6

382.0
382.2
384.1

49 J - 7

493.7
496.2

875.7
876.0
880.3

273.9
276.7
279.2

155.9
156.3
157.3

429.8
432.9
436.5

HAS.

171.9
172.9
173.9

5.9
5.9
6.1

268.9
269.2
273.2

180.5
183.1
185.3

1942.7
1946.6
1954.0

654.6
663.8
670.2

124,7
125.0
125.6

179.3
179.9
181.2

304.0
304.9
306.9

386.6
388.1
389.0

499.4
502.9
505.7

885.9
891.0
894.7

289.7
291.5
287. 1

156.2
159.7
163.4

447.9
451.3
450.5

APR.
HAY
JUNE

174.4
175.8
176.7

6.1
6.1
6.2

275.7
281.6
284.9

189.9
195.1
199.0

1976.0
1991.0
2003.8

671.6
665.7
666.3

126.6
129.0
130.9

184.8
189.5
194. 1

311.4
318.5
325.0

388.0
384.9
381.7

507.9
506.3
50J.9

695.9
691.2
885.6

287.1
281.5
280.5

165.0
164.9
164.6

452.1
446.4
445.1

JOLT
AUG.
SEPT.

177.5
179.0
179.7

6.4
6.5
6.5

288.3
291.8
292.2

203.8
210.4
214.8

2022.9
2036.1
2047.1

676.2
676.5
684.6

133.4
136.8
140.9

197.8
200.8
203.5

331.2
337.6
344. U

380.0
376.0
372.6

503.7
501.2
498.7

663.7
877.2
671.3

280. 1
281.9
261.5

16&.8
166.1
165.8

4U5. 9
44 8.0
447.3

OCT. P

181.2

6.4

293.2

220.4

2062.9

679.4

145.8

208.0

353.8

367.7

493.7

861.4

279,3

164.0

443.3

296.5
290.0
293.1
293.4

217.9
218.9
221.2
222.2

294.3
298.6

221.4
225.9

1985-OCT.

Nov.
DSC.
1986-JA*.

BEE* B10IH6
1986
OCT.

HOY.

1/
2/
3/

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

6
13
20
27

180.4
180,9
181.4
18U8

3P
10 P

181.3
181.9

*

i

1
143.8
144.8
145.9
147.1

370.4
368.7
367.4
366.3

278.9
279.0
278.3
279.9

147.8
149.1

365.3
364.3

281.3
282.7

j

1

CURRENCY OOTSIDB THE 0.S. TREASURY, FEDERAL ££SEBY£ BAB US AMD FAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HJSLD BY THfilFT INSTITUTIONS TO SEflVICE THEIB OCD LIABILITIES.
OUTSTANDING AMOUNT OF O.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BX DEPOSITORY
IMSTITUTIOMS AfiE INCLUDED IB DEMAND DEPOSITS.
DEHAJtD DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE O.S. GOYERNflSNT AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEAS IN THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT.
EXCLUDES THE ESTIMATED AHOUHT OF DEJUND DEPOSITS HELD AT COflttERCIAL BANKS BI THfilFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
CONSISTS OF NOB AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFFERENCE BETHEEli THE
SEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS.
SUM OF OVERNIGHT BPS AND OVERNIGHT EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER) #
MHDAS, AND SAVINGS AND SMALL TIMS DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNS OF
DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND TERM EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET FUND BALANCES (INSTITUTIONONLY) , LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY
INSTITUTION-ONLY MONEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE MHDAS.
SMALL DENOMINATION TIMS DEPOSITS—INCLUDING RETAIL B P S — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000,. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KSOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SMALL
TIME DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY MONEY MARKET MUTUAL
DEPOSITORY INSTITUTIONS AND FOBEIGN BANKS AMD 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
bankers acceptances2
short-term treasury
securities1

commercial paper3

Debt components4
federal debt
non-federal debt

78.0

281.6

43.2

187.2

1512.0

4990.Q

OCT.
tfOF.
DEC.

78.5
79.0
79.5

282.1
300.7
308.4

43.9
43.1
41.1

192.$
196.4
209.5

1521.*
1551.0
1587.0

5039.3
5092.5
5182.0

1986-JA1.
FfiB.
HAfi.

79.9
80.5
81.1

305.5
307.7
300.2

41.6
42.4
41.7

210.6
209.2
209.5

1607.9
1620.8
1628.2

5259.7
5290.4
5326.4

APB.
HAT
J0*£

81.8
62.6
83.4

298.8
305.7
299.6

41.0
40.1
40.3

203.0
206.7
210.6

1641. 1
1664.6
1691.5

5370.8
5414.2
5453.$

JJSLX
AUG.
SEPT. P

84.3
85.3
86.4

292.0
289.1
290.8

39.4
37.2
37.2

212.3
219.3
222.7

1712.4
1724.9
1741.5

5496.9
5559.6
5612.4

1985-SEPT.

1/

savings bonds

COHS I S TS OP 0 . 5 . TR2AS0RI BILLS AID CO0POIS MlTti RRBklMIWG MAIOaUTUS OP LESS TflAM 1 2 BOUT US &BLD BJf OTHER TflA« DEPOSITOR!
IVSTIX0TIOMS, YEDZBIL BZSXRVZ BAIKS, £10 NET flARKEJ MOT DAL F0MDS AID FOJLEIGV BHTITXSS.
MET OF BAMKBfiS ACCBPTAMCJBS BZLD BX ACCBPTIMG BAXKS# FSDJSfiAL HESSAfB BkMKS, FQMEIGV OFFICIAL XM5TIT07IOXS, Tfl£ T&D&RLL
HO^E LOAM BASK SISTEfl AJID BOM E l BARXKI HOTOAL F 0 1 P S .
TOTAL COflflE&CIAL PAPS& LSSS COAHSRCIAL PIPEfi HELD B I flONEX HARKET HOTOAL FOIOS.
DSBT DATA ARE 0 1 A HONTBLY A7SRA3S B A S I S , DBR112D BX AFEflAGIMG EMD-OF-HOITB LEVELS OF ADUACSNI flOMTHS# AND BA?£ BEEI
ADJUSTED TO REHO7E DISCOIT1NDITIES.




H.6 (508)
Table 5

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

Currency1

Travelers
checks2

Demand
deposits3

at commercial
banks4

at thrift
Institutions9

Nontransactions components
total

in M2f

Overnight
RPs*

in M3 only7

Overnight
Eurodollars9

General
purpose and
broker/dealer
money market
funds

1986-OCT.
MOV.
DEC

168.4
170.7
173.1

5.9
5.6
5.5

265.6
269.0
,281.3

119.8
122.6
125.8

52.5
53.8
54.4

172.3
176.4
180. 1

1922.0
1928.0
1934.7

628.5
6J5.0
639.2

50.9
52.5
53.3

14.3
13.9
17.0

177.0
176.8
176.5

1986-JAN.
FEB.
MAR.

170.5
170.6
172.3

5.5
5.6
5.8

275.1
262.0
267.1

128.1
126.8
129.3

54.3
54.2
56.0

182.4
181.0
185.3

1945. 1
1951.8
1963.9

653.5
662.5
668.4

50.1
52.4
51.2

18.8
16.1
16.4

177.7
181.0
186.2

APR,
HAY
JUNE

173.6
175.8
177.4

5.8
5.9
6.5

278.7
276.7
285.6

134.8
132.9
136.6

59.9
60.5
63.0

194.7
193.4
199.6

1978.9
1988.8
2003.6

668.4
668.0
666.8

51.0
51.5
49.7

17.5
17.5
16.5

191.4
193.2
197.3

JULY
AUG.
SEPT.

179.1
179.9
179.6

7.2
7.3
6.9

290.0
289.0
290.8

138.9
142.7
146.7

64.5
65.8
66.8

203.5
208.5
,213.5

2024.5
2034.0
2040.2

668. 4
676.3
686.6

54.4
56.9
54.6

17.3
17.1
17.5

199.7
200.5
202.2

OCT. P

180.9

6.5

292.5

150.2

68.3

218.5

2059.7

681.4

56.8

19.7

206.7

WEEK ENDIHG:
1986-OCT.

HO?.

6
13
20
27

180.8
181.9
181.1
180.1

297.5
292.0
295.4
286. J

149.6
150.7
150.8
149.3

69.0
69.1
68.7
66.8

218.6
219.7
219.5
216.0

54.1
55.3
57.2
59.4

18.8
17.5
19.6
21.5

205.1
207.1
206.7
207.7

3 P
10 P

180.7
18J.5

296.0
299.0

151.5
155.9

69.0
71.6

220.5
227.5

58.2
56.6

22.1
18.2

207.0
205.8

i

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

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND THE FAULTS OF COAHEBCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OF FAULT CASH HELD BY THRIFT INSTITUTIONS TO SERTICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAfELERS CHECKS OF NOWBANK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DUB TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND 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 NOi AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS.
CONSISTS OF NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS.
SUM OF OVERNIGHT RPS AND EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AID BROKER/DEALER), MMDAS AND SAVINGS
AND SMALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LkBGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTION-ONLY), 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 DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
ISSUED BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
HONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).




H.6 (508)

Table 5-continued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Money market deposit accounts
at
at
thrift
total
commercial
banks
institutions

Date

at
commercial
banks

Savings deposits1
at
thrift
institutions

total

Small denomination time deposits2
at
at
total
thrift
commercial
institutions
banks

Large denomination time deposits3
at
at
commercial
thrift
total
4
institutions
banks

1985-OCT.
NOV.
DEC.

324.3
329.2
332.4

179.8
180.3
179.6

504.1
509.5
512.0

124.6
124. i
123. *

178.3
179.0
178.3

302.9
303.3
301.8

384.8
384.2
384.8

496.5
496.4
497.6

881.3
880.7
882.5

276.3
278.2
280.9

156.2
157.1
157.8

432.6
435.3
438.7

1986-JAN.
FEB.
MAR.

336.7
337.0
340.4

179.0
179.4
180.2

515.7
516.3
520.5

123.9
123.6
124.9

178.8
179.1
181.6

302.7
302.7
306.5

386.5
387.1
387.2

502.6
504.6
504.6

889.1
891.7
891.8

286.6
290.4
287.7

159.0
160.7
163.2

447.6
451.1
450.9

APR.
MAX
JUNE

344.8
348.6
355.2

180.4
182.2
185.2

525.2
530.8
540.4

127.2
129.5
132.2

185.8
190.3
194.8

312.9
319.9
327.0

384.5
382.3
380.6

505.1
502.4
501.0

889.6
884.7
881.6

283.6
280.8
278.8

164.1
164.4
164.1

447.7
445.2
44J.0

JULY
AUG.
SEPT.

359.0
363.6
368.1

187.1
189.5
190.2

546.1
553.1
558.3

135.1
137.3
140.7

198.7
199.7
202.5

333.8
337.0
343.2

379.8
377.9
375.1

502.7
500.5
498.4

882.6
874.5
873.6

279.1
282.3
283.6

164.7
166.0
165.7

443.8
448.3
449.4

371.8

192.1

563.9

146.1

208.7

354.8

370.4

496.6

867.0

2Q2.0

164.3

446.4

OCT.

P

HEEK ENDING

1986
OCT.

NOV.

1/
2/
3/
4/

6
13
20
27

370.1
371.8
372.4
371.9

144.5
145.5
146.3
146.8

373.0
371.7
370.1
368.7

282.7
2tf2.7
281.2
281.8

3 P
10 P

373.2
374.2

147.6
149.0

367.8
366.8

282.0
284.0

SAVINGS DEPOSITS EXCLUDE flflDAS.
SHALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL RPS — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN 5100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KBOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SMALL
TIME DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BT MONEY MARKET MUTUAL MUDS, DEPOSITOR!
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTJ.TUTi.ONS.




H.6 (508)
Table 5-continued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Term RPs 1

Date

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

Term
Eurodollars 1

Savings
bonds

Non M3 Components of L
Short-term
Bankers
treasury
acceptances 4
securities 9

Components of Debt
Commercial
paper*

Federal debt*

Non-Federal f
debt

1985-OCT.
NOV.
DEC

63.3
64.5
64.6

30.5
31.7
32.1

29.2
J1.6
33.9

59.8
63.3
66.0

78.2
78.4
76.7

78.5
79.0
79.6

281.8
296.9
305.6

43.8
43.3
42.1

193.4
199.1
204.6

1515.6
1544.2
1583.7

5029.7
5084.9
5178.7

19B6-JAN.
FEB.
MAR.

67.3
67.7
70.2

33.7
35.8
37.2

35.1
34.7
34.4

68.8
70.6
71.6

76.0
79.2
82.7

80.0
80.5
81.1

305.3
308.6
306.4

42.4
42.2
40.8

207.5
208.8
207.9

1606.7
1621.0
1633.3

5254.8
5273.2
5298.2

APR.
HA*
JUNE

74.1
76.1
75.0

35.6
35.5
33.9

35.9
38.7
41.6

71.5
74.2
75.5

81.5
79.8
80L1

81.8
82.6
83.4

301.4
299.4
296.9

39.9
39.6
39.8

205.2
207.0
213.3

1644.6
1660.7
1678.9

5340.5
5386.8
5431.4

JULY
AUG.
SEPT.

77.5
80.8
84.4

33.2
34. 1
35.7

42.0
41.7
42.7

75.2
75.8
78.4

78.8
78.2
80.7

84.2
85.2
86.4

293.0
292.9
292.0

39.2
J7.9
37.9

214.0
216.6
222.9

1695.6
1713.3
1734.6

5478.1
5540.0
S596.7

OCT. P

84.5

34*3

44.2

78.5

77.5

6
13
20
27

82.5
85.4
84.5
85.^

31.9
34.8
34.3
35.1

3 P
10 P

85.1
84.2

35.7
35.8

MEEK ENDING:
1986-OCT.

NO?.

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

TEBH EPS ARE THOSE KITH ORIGINAL flATORITIES GREATER THAN ONE DAI, EXCLUDING CONTINUING CONTRACTS AND RETAIL EPS. INCLUDES
A RELATIVBLT SHALL AMOUNT OF OfERNIGHT RPS AT THRIFT INSTITUTIONS.
TERM EURODOLLARS ARE THOSE HITH ORIGINAL MATURITIES GREATER THAN ONE DAT. CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS 81
FOREIGN BRANCHES OF U.S. BANKS HORLDIIDS AND bX ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITOR! INSTITUTIONS AND HONEI HARKET HUTUAL FUNDS.
CONSISTS OF 0,S. TREASURI BILLS AND COUPONS ilTH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BI OTHER THAN DEPOSITORI
INSTITUTIONS, FEDERAL RESERVE BANKS, HONEI MARKET MUTUAL FUNDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BI ACCEPTING BANKS, FEDEAkL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND MONSI MARKET MUTUAL FUHDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BI HONEI MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLI AVERAGE BASIS, DERIVED BI AVERAGING END-OF-MOJITH LEVELS OF ADJACENT MONTHS, AND HAVE BE&H
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6 (508)
Table 6

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

foreign
commercial
banks

Date

8.2
8.1
8.5

1985-OCT.
NOV.
DJSC

foreign
official
institutions

1.9
2.1
1.9

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

a. 3
8.4
8.3

U.S. government deposits
demand
deposits at
commercial
banks

3.0
3.0
3.4

2.4
4.8
11.1

total demand
deposits and
note and
FR balances

time
and savings
deposits at
commercial
banks

10.7
17.9

I.3
I.3
1.4

58.2
58.7
59.2

79.0
79.5
80.9

60.7
62.5
64.2

81.9
82.9
86.4

8.5

13.6
18.7
12.6

21.5
26.5
18.9

1.5
1.5
1.7

68.4
69.5
70.1

90.4
91.2
92.1

10.1
10.1

168.5
170.6
172.2

7.2
7.2
7.2

3.6
3.0
3.6

3.8
3.2
5.6

13.2
14.6

20.6
14.2
23.8

1.6
1.7
1.7

70.8
71.1
71.4

92.9
93.4
94. 1e

10.2
10.2
10.5

173.9
174.7
176. Oe

1.8

7.1

3.4

3.4

11.8

18.6

1.7

71.7

95. 1e

11. Oe

177. 7e

9.5
9.3
10.1
9.0

1.8
1.8
1.8
1.9

7.2

4.3
2.9
3.3
3.3

19.3
10.6

28.2
16.4
15.4
16.8

1.7

7.1

4.6
2.9
3.8
2.6

8.6
8.7

1.9
2.1

7.1
7.1

3.4
3.4

3.0
3.6

10.6

17.1
15.6

1.7
1.7

8.7
8.8
8.8

1.9
1.8
1.8

7.5
7.4
7.3

JULY
AUG.
SEPT.

9.1
8.9
9.2

2.0
1.8
1.9

9.4

10.5

8.1

HSSK JSMDIBG:

3 P
10 P




a. 3

145.7
146.6
148.4

3.7
4.8
2.9

APfi.
HAY
JUNE

NOV.

8.4
8.4

total

4.2
3.0
3.5

3.6
3.2
3.3

27

money
market
mutual funds

34.5
31.7
19.2

8.0
7.8
7.6

6
13
20

thrift
institutions

20.5
21.0
12.4

2.0
1.9
1.8

1986
OCT.

commercial
banks

7.5
3.4

8.8
8.3
8.4

P

3.1
2.8
3.4

note balances
at commercial
banks
and thrift
institutions

11.3
11.4
1.4

1986-JAM.
FJBfi.
flAfi.

OCT.

balances at
Federal
Reserve
Banks

IRA and Keogh Accounts

7.2
7.1

8.3

10.9
8.6

1.7
1.7
1.7

a. 6
8.7

9. a
9.8

151.2
15%. 2
159.5

SPECIAL SUPPLEMENTARY TABLE

Monthly Survey of Selected Deposits and Other Accounts
At All Insured Commercial Banks and All Mutual Savings Banks1
September 24, 1986 and October 29, 1986
(not seasonally adjusted)
I F Lsured

Commercial Banks

Liability Categories
September 24 October 29
NOW accounts 2
Money market deposit accounts

3

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

September 24 October 29

September 24 October 29

137,420

142,064

5.15

5.10

13,596

367.343

373,206

5.32

5.24

13,159

13,130

141,756

147.665

5.30

5.26

13,611

13,607

13,664

5,878
(410)

5,774
(394)

5.48

5.40

8,686

8,626

32 to 91 days
(standard error of the estimate)

19,651
(779)

19,851
(763)

5.52

5.49

12,909

12,940

92 to 182 days
(standard error of the estimate)

134,578
(1,737)

5.75

5.67

13,896

13,866

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

74,855
(1,711)

73.303
(1,635)

5.97

5.91

13,205

13,177

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

84,483
(1,806)

84.480
(1,761)

6.33

6.25

13,666

13,635

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

121.361
(2.394)

120.264
(2,346)

6.67

6.67

13,507

13,476

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

71,635
(439)

71,709
(288)

N.A.

N.A.

13,432

13,301

Retail repurchase agreements7
(standard error of the estimate)

1,575
(310)

1,520
(296)

5.34

5.15

2,471

2,477

Liability Categories
NOW accounts 2
Money market deposit accounts 3
Savings accounts

4

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

133,169

7l,619)

State-Ct bartered Mutual Savings Ban* 8
Number of Issuing Banks
Average Rate Paid (Z)
Amount Outstanding ($mil)
September 24 October 29
September 24 October 29
September 24 October 29
4,515

4,552

5.22

5.22

308

308

31,943

32.882

5.62

5.53

337

337

28,362

29.359

5.48

5.46

352

352

157
(18)

160
(18)

5.67

5.58

100

100

32 to 91 days
(standard error of the estimate)

1,295
(186)

1,234
(116)

5.79

5.66

286

286

92 to 182 days
(standard error of the estimate)

19.310
(445)

19,192
(404)

6.07

5.98

340

340

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

12.447
(354)

12,355
(383)

6.38

6.29

342

342

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

12,475
(295)

12,339
(286)

6.67

6.61

333

340

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

20.988
(358)

20,997
(394)

7.07

6.97

347

347

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

11,847
(290)

11,969
(286)

N.A.

N.A.

345

345

Retail repurchase agreements7
(standard error of the estimate)

82
(37)

90
(41)

5.82

5.29

12

12

N.A. - Data not available.
1. Estimates are based on data collected by the Federal Reserve from a stratified random sample of about 550 banks
and 75 mutual savings banks.
2. As of January 1, 1986 interest rate ceilings were removed from a l l NOW accounts. Beginning with the January 1986
data the NOW account category Includes all NOW accounts, including those accounts which were subject to a 5.25 percent regulatory interest rate restriction prior to January 1, 1986. Estimates for this category are based on reports
of deposits. The NOW account rate is reported as a simple annual rate.
3. Money market deposit accounts (MMDAs)—Deposits with no required minimum maturity but Institutions must reserve
the right to require at least seven day's notice prior to withdrawal, no restrictions on depositor e l i g i b i l i t y , or
limitations on the amount of interest that may be paid; such accounts may allow up to six transfers per month, no
more than three of which may be draft and may permit unlimited withdrawals by mall, messenger, or in person.
Estimates for this category are based on reports of deposits. The MMDA rate i s reported as a simple annual rate.
A. Savings deposits that, because of restrictions on transactions, do not meet the definition of an MMDA.
Estimates for this category are based on reports of deposits. The savings account rate i s reported as a
simple annual rate.
5. All interest-bearing time certificates and open account time deposits with balances of l e s s than $100,000,
including those held in IRAs and Keogh Plan deposits. With 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.
6. All IRA/Keogh Plan time deposits regardless of size, type of instrument in which held, or interest rate paid.
7. Retail repurchase agreements are in denominations of less than $100,000 with maturities of less 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.