The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE statistical release H. 6(508) Revisions to Special Supplementary Table Data presented in the Special Supplementary Table are derived from the Board's Monthly Survey of Selected Deposits. This survey has been modified, effective in the October survey period, to obtain information on the amounts outstanding in both personal and nonpersonal savings deposits (including MMDAs). Accordingly, the supplementary table henceforth will provide figures on the amounts outstanding in each of these two categories. Historical series for these two categories based on previous weekly and quarterly reports of deposits are in preparation and will be made available at a later date. •i&g&l- FEDERAL RESERVE statistical release These data are scheduled for release each Thursday at 4:30 p.m. '^ATR^\ H.6 (508) Table 1 MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES NOVEMBER 29, 1991 Billions of dollars Date M1 J M2* DEBT5 M3 3 Seasonally adjusted 1989-NOV. DEC. 788.9 793.6 3203.4 3223.1 4041.1 4055.2 4869.4 4889.9 9751.7 9790.4 1990-JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEP. OCT. NOV. DEC. 795.4 801.1 804.7 807.7 807.5 811.5 810.7 816.5 821.8 821.2 823.3 825.4 3233.6 3255.0 3269.6 3279.9 3282.8 3290.6 3295..4 3309..6 3321..6 3324..5 3323..7 3327.8 4061.4 4073.1 4077.2 4082.7 4082.7 4085.8 4089.0 4103.1 4108.8 4109.0 4108.4 4111.2 4895.3 4903.0 4914.8 4920.8 4903 4923 4926 4934 4955 4955 4960 4966 9833..6 9896..5 9968..6 10024..4 10066..1 10122..4 10182..2 10251..1 10306..4 10344.8 10396.6 10434. 1991-JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEP. OCT. 826.7 836.4 843.0 842.1 851.6 858.4 859.5 866.1 870.0 879.1 3331, 3354. 3375. 3383. 3396. 3400. 3389, 3389. 3388. 3396, 4124. 4159. 4168. 4170. 4172. 4165. 4147. 4145. 4139. 4145. 4983..1 5010..0 5010..3 4977..4 4956..1 4979..5 4983..5 4976.8 4969.5 p 10462.8 10513.7 10546.8 10559 10603 10648 10688 10739 10796.8 p 1989-NOV. DEC. 791.4 811.9 3206.7 3236.6 4048.4 4067.0 4874.9 4907.4 1990-JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEP. OCT. NOV. DEC. 802.4 788.3 796.2 818.0 797.3 810.8 812.9 814.5 818.9 817.6 826.1 844.3 3244.5 3245.6 3267.7 3292.8 3262.8 3284.1 3298.6 3310.3 3316.9 3321.8 3327.3 3341.9 4067.8 4061.5 4075.8 4090.8 4064.3 4080.8 4091.2 4108..0 4106..9 4106..1 4115..5 4123..3 4911.5 4894.0 4912.4 4930.6 4888.9 4914.4 4919 4932 4954 4950 4965 4985 9822. 9863. 9924. 9978. 10019. 10078. 10139. 10202. 10257. 10305. 10367. 10421. 1991-JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEP. OCT. 833.2 823.4 835.0 852.8 841.5 857.6 861.8 864.0 867.0 875.0 3341..6 3345..4 3374..6 3397..3 3375..7 3393..6 3392..5 3389.8 3383.9 3393.8 4130.2 4147.8 4167.5 4179. 4153. 4159. 4150. 4150. 4137. 4142.0 4999.2 5000.6 5008.4 4988.8 4941.0 4969.9 4976.4 4975.3 4967 6 p 10451 10480 10502.8 10514.5 10556 10605 10647 10692 10747 Not seasonally adjusted Footnotes appear on the following page, p—indicates preliminary data. 9719.2 9775.9 H.6 ( 5 0 8 ) Table 2 MONEY STOCK AND DEBT MEASURES Percent change at seasonally adjusted annual rates Ml M2 M3 Debt] 3 Months from JULY 1991 to OCT. 1991 9.1 0.9 -0.2 5.6 6 Months from APR. 1991 TO OCT. 1991 8.8 0.8 -1.2 4.7 2.2 0.9 4.8 12 Months from OCT. 1990 TO OCT. 1991 7.1 Thirteen weeks ending NOVEMBER 18, 1991 from thirteen weeks ending: AUG. 19, 1991 (13 weeks previous) 7.8 0.2 -1.0 MAY 20, 1991 (26 weeks previous) 7.6 0.8 -1.2 NOV. 19, 1990 (52 weeks previous) 6.7 2.2 0.9 1. Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, June 1991 to September 1991, March 1991 to September 1991, and September 1990 to September 1991, respectively. Footnotes to Table 1 Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions* (2) travelers checks of nonbank issuers* (3) demand deposits at all commercial banks other than those due to depository institutions, the U.S. government, and foreign banks and official institutions, less cash items in the process of collection and Federal Reserve float* and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOH) and automatic transfer service (ATS) accounts at depository institutions, credit union snare draft accounts and demand deposits at thrift institutions. Seasonally adjusted Ml is calculated by summing currency, travelers checks, demand deposits, and OCDs, each seasonally adjusted separately. Consists of Ml plus overnight (and continuing contract) RPs issued by all depository institutions and overnight Eurodollars issued to U.S. residents by foreign branches of U.S. banks worldwide, savings deposits (including money market deposit accounts), small-denomination time deposits (time deposits--including retail RPs--in amounts of less than $100,000), and balances in both taxable and tax-exempt general purpose and broker/dealer money market mutual funds. Excludes individual retirement account (IRA) and Keogh balances at depository institutions and money market funds. Also excludes all balances held by U.S. commercial banks, money market funds (general purpose and broker/dealer), foreign governments and commercial banks, and the U.S. government. Seasonally adjusted M2 is computed by adjusting its non-Mi component as a whole and then adding this result to seasonally adjusted Ml. Consists of M2 plus larqe-denomination time deposits (in amounts of $100,000 or more) and term RP liabilities issued by all depository institutions, term Eurodollars held by U.S. residents at foreign branches of U.S. banks worldwide and at all banking offices in the United Kingdom and Canada, and balances in both taxable and tax-exempt institution-only money market mutual funds. Excludes amounts held by depository institutions, the U.S. government, money market funds, and foreign banks and official institutions. Also subtracted is the estimated amount ot overnight RPs and Eurodollars held by institution-only money market mutual funds. Seasonally adjusted M3 is obtained by adjusting its non-M2 component as a whole and then adding this result to seasonally adjusted M2. Consists of M3 plus the nonbank public holdings of U.S. savings bonds, short-term Treasury securities, commercial paper and bankers acceptances, net of money market mutual fund holdings of these assets. Debt of domestic nonfinancial sectors consists of outstanding credit market debt of the U.S. government, state and local governments and private nonfinancial sectors. Private debt consists of corporate bonds, mortgages, consumer credit (including bank loans), other bank loans, commercial paper, bankers acceptances and other debt instruments. The data are derived from the Federal Reserve Board's flow of funds accounts. All data on debt of domestic nonfinancial sectors are presented in month-averaqe form, derived by averaging adjacent month-end levels. These data have also been adjusted to remove statistical discontinuities that may arise in the underlying flow of funds statistics. The presentation of debt data in this release differs, therefore, from the quarterly flow of funds statistics contained in the Federal Reserve releases Z.7 and Z.l. In those releases, published levels of credit market debt are measured on a quarter-end basis and include discontinuities. H.6 ( 5 0 8 ) Table 3 MONEY STOCK MEASURES B i l l i o n s of d o l l a r s Seasonally adjus;ted Ml Period ending 13-week average 4-week average 1991-AUG. 26 860.7 866.1 M3 M2 13-week average 4-week average 869.6 3393.2 3389.5 week average week average 13-week average 4-week average 3395.0 4153.5 4145.6 4150.6 week average SEP. 2 9 16 23 30 862.0 862.8 863.5 864.4 865.4 865.8 866.9 868.1 868.3 870.3 866.7 866.9 869.3 870.4 874.7 3392.9 3391.9 3390.8 3390.1 3389.1 3388.6 3389.4 3390.4 3389.1 3389.2 3385.2 3388.7 3392.6 3389.8 3385.5 4151.8 4149.3 4147.0 4145.2 4144.0 4145.1 4143.8 4143.6 4140.5 4139.3 4139.3 4139.2 4145.3 4138.1 4134.4 OCT. 7 14 21 28 866.9 868.1 869.8 871.3 872.6 873.4 876.4 878.6 875.8 872.7 882.4 883.6 3389.0 3389.2 3390.5 3391.4 3389.9 3390.5 3394.0 3397.1 3391.7 3394.9 3403.9 3397.7 4143.4 4142.7 4143.1 4143.2 4139.8 4139.4 4142.6 4145.9 4141.4 4143.8 4150.8 4147.5 NOV. 4 Up 18p 872.5 874.3 876.2 880.6 883.8 885.4 883.8 885.3 886.8 3392.2 3393.7 3395.4 3399.1 3401.7 3403.3 3399.7 3405.3 3410.5 4143.4 4144.0 4144.8 4146.5 4148.5 4149.9 4143.9 4151.9 4156.4 Not seasonally adjusted Ml Period ending 13-week average 4-week average 1991-AUG. 26 860.6 864.5 SEP. 2 9 16 23 30 861.4 862.7 863.6 864.5 864.1 OCT. 7 14 21 28 NOV. 4 Up 18p M2 week average M3 13-week average 4-week average week average 3379.5 4153.9 4150.9 4142.0 3387.3 3389.8 3391.1 3388.2 3383.6 3380.3 3406.6 3397.8 3367.9 3362.1 4152.7 4151.1 4149.6 4147.9 4145.7 4148.7 4149.0 4149.4 4143.3 4136.2 4140.7 4160.2 4154.7 4117.4 4112.3 3387.7 3387.5 3388.5 3389.0 3382.5 3383.9 3391.1 3394.7 3402.1 3403.3 3396.8 3376.6 4144.3 4143.6 4143.4 4143.1 4133.8 4133.6 4139.3 4142.9 4150.9 4153.6 4140.2 4127.0 3389.7 3391.1 3393.2 3395.2 3398.1 3403.9 3403.9 3415.0 3420.0 4143.2 4143.6 4144.7 4142.8 4145.7 4152.2 4150.4 4165.0 4166.2 13-week average 4-week average 852.1 3392.0 3391.0 861.6 865.2 867.9 868.6 867.0 860.7 883.5 875.3 855.0 854.0 3391.8 3391.7 3391.3 3390.7 3388.6 864.4 865.3 867.0 868.3 866.9 867.8 873.2 875.4 883.2 878.9 876.5 863.0 869.4 871.4 873.8 876.3 880.2 884.9 886.7 894.4 895.6 week average Note: S p e c i a l caution should be taken in i n t e r p r e t i n g week-to-week changes in money supply data> which are highly v o l a t i l e and subject to revision. p--indicates preliminary data. H.6 ( 5 0 8 ) Table 4 COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, seasonally adjusted Nontransactions components Other checkable deposits Date Currency 1 Travelers checks2 Demand deposits3 At commerci; banks 4 At thrift institutions5 Total In M 2 6 In M3 only 7 1990-JUNE 233.7 7.8 276.3 205.5 88.2 293.7 2479.1 795.2 JULY AUG. SEP. 235.7 238.4 241.5 7.8 8.0 8.2 275.6 278.0 279.1 203.9 204.4 205.7 87.7 87.7 87.3 291.7 292.1 293.0 2484.7 2493.1 2499.8 793.5 793.5 787.2 OCT. NOV. DEC. 243.9 245.0 246.4 8.3 8.4 8.4 277.1 277.2 276.9 205.9 207.1 208.8 85.8 85.7 85.0 291.8 292.8 293.8 2503.3 2500.4 2502.4 784.5 784.7 783.4 1991-JAN. FEB. MAR. 251.6 255.1 256.7 8.4 8.2 8.1 272.9 276.1 277.1 209.2 211.4 214.4 84, 85, 86, 293.9 296.9 301.0 2504.6 2518.3 2532.4 792.7 805.0 792.8 APR. MAY JUNE 256.6 256.8 257.6 7.9 8.0 7.8 275.8 278.7 281.0 215.2 220.1 223.4 86, 88, 88. 301. 308. 311. 2541.6 2544.6 2542.2 786.7 776.4 764.4 JULY AUG. SEP. 258.9 260.8 262.4 7.7 7.7 7.8 278.9 279.8 279.4 225.6 229.5 232.3 88, 88. 88. 314.1 317.8 320.5 2529.7 2522.9 2518.9 758.1 756.0 750.4 OCT. 264.4 7.9 282,6 235.2 89.0 324.1 2517.9 748.6 262.8 263.7 278.8 280.4 232, 233, 88.8 89.2 321.0 322.7 2519.3 2510.8 748.3 748.9 Week ending 1991-SEP. 23 30 OCT. 7 14 21 28 263.1 263.9 264.5 265.7 282. 279, 284, 283. 234. 233. 235. 236. 88 87 89 90 322.1 321.3 325.1 326.7 2515.9 2522.2 2521.5 2514.0 749.8 748.9 747.0 749.9 NOV. 4 lip 18p 265.7 264.9 264.6 282. 284. 287. 238. 238. 238. 89.8 89.2 89.6 327.9 327.5 328.3 2515.9 2520.0 2521.8 744.2 746.6 745.9 1. 2. Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions. Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits. 3. Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions, the U.S. government and foreign banks and official institutions, less cash items in the process of collection and Federal Reserve float. 4. Consists of NOH and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations. 5. Consists of NOH and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts. 6. Sum of overniqht RPs and Eurodollars, money market fund balances (general purpose and broker/dealer), savings deposits (including money market deposit accounts) and small time deposits. This sum is seasonally adjusted as a whole. 7. Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money marRet fund balances (institution-only), less the estimated amount of overniqht RPs and Eurodollars held by institution-only money market mutual funds. This sum is seasonally adjusted a whole. e--indicates estimated data. p--indicates preliminary data. H.6 (508) Table 4-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, seasonally adjusted Savings deposits1 At At commercial thrift banks institutions Date Large-denomination time deposits 3 Small-denomination time deposits2 Total At At commercial thrift banks institutions Total General purpose and broker/dealer money market funds Institutiononly money market funds At At commercial thrift institutions banksA Total 1990-JUNE 563.6 350.4 914.1 563.8 590.8 1154.6 327.5 349.1 348.1 347.0 916.1 918.6 919.6 571.6 574.9 579.4 585.2 583.4 580.7 1156.8 1158.3 1160.1 329.2 335.8 339.3 398.7 395.8 390.9 140.3 136.4 133.4 131.0 538.0 567.0 570.6 572.6 108.1 109.8 114.0 116.2 397.7 JULY AUG. SEP. OCT. NOV. DEC. 574.3 575.6 577.7 343.9 342.3 339.0 918.2 917.8 916.7 588.1 589.5 598.1 573.3 572.3 566.1 1161.4 1161.8 1164.2 341.6 341.9 345.4 119.6 120.5 125.7 386.8 387.4 386.1 128.3 125.1 121.1 515.1 512.5 507.1 1991-JAN. FEB. MAR. 579.1 586.4 594.7 338.0 340.5 344.9 917.1 926.9 939.7 601.6 605.5 607.8 562.2 557.0 550.2 1163.8 1162.5 1158.0 354.0 358.4 364.0 130.1 139.3 142.0 394.0 401.1 399.9 118.0 114.9 111.6 511.9 516.0 511.5 APR. MAY JUNE 602.6 611.3 619.5 351.2 357.9 361.4 953.8 969.2 981.0 604.1 601.2 601.7 545.3 537.7 524.9 1149.4 1138.9 1126.6 365.1 366.5 366.3 145.6 146.2 143.3 398.5 399.3 397.8 108.8 104.6 100.9 507.3 503.9 498.7 JULY AUG. SEP. 625.6 631.0 635.8 364.4 365.2 366.9 990.0 996.2 1002.7 601.0 605.0 604.6 514.3 501.6 493.7 1115.3 1106.5 1098.3 361.4 355.0 351.6 141.8 144.8 149.3 393.5 390.8 386.0 97.7 93.9 90.6 491.2 484.7 476.7 OCT. 643.6 369.6 1013.2 600.8 484.5 1085.3 350.3 155.4 380.2 87.1 467.3 Neek 535.0 529.2 521.9 ending 1991-SEP. 23 30 636.5 636.6 367, 367. 1004.0 1003.9 6 0 4 ,.6 6 0 3 ,. 4 492. 489. 1096, 1093. 351. 349. 149.0 152.7 384.5 384.5 89.1 89.1 473.6 473.6 OCT. 7 14 21 28 640.7 643.1 643.7 646.2 367. 369, 370. 370.8 1008.3 1012.2 1013.8 1017.1 6 0 3 ,. 1 6 0 1 ,. 9 6 0 1 , .3 5 9 8 , .6 486. 485. 484. 482. 1089.9 1087.8 1085.6 1080.7 349. 351. 351. 350. 153.6 158.0 153.4 156.7 384.0 379.4 378.7 379.2 88.8 87.6 86.7 85.9 472.9 467.0 465.4 465.1 NOV. 4 lip 18p 647.7 649.6 652.4 372.2 372.9 374.0 1019.9 1022.5 1026.5 5 9 6 .. 7 5 9 5 .. 1 5 9 3 ., 8 480. 479. 477. 1077. 1074. 1071, 348. 349. 348. 155.3 159.1 159.9 377.6 376.2 375.8 85.3 84.8 84.6 462.9 461.0 460.3 Savings deposits include money market deposit accounts. Small-denomination time deposits — includinq retail RPs—are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and thrifts are subtracted from small time deposits. Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities. Large^denomination time deposits at commercial banks less those held by money market mutual funds, depository institutions, and foreign banks and official institutions, p- -indicates preliminary data. 1. 2. 3. 4. H.6 (508) Table 4-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, seasonally adjusted Debt components4 Non-M3 Components of L Date Savings bonds Short-term Treasury securities1 Bankers acceptances2 Commercial paper 3 Federal debt Non-Federal debt 1990-JUNE 121. 4 332.0 34.7 349.1 2374.2 7748.2 JULY AUG. SEP. 122.2 123.0 123.8 334.3 329.0 332.2 33.0 32.3 31.8 348.2 347.0 359.0 2401.7 2439.6 2461.9 7780.5 7811.5 7844.5 OCT. NOV. DEC. 124.5 125.2 126.0 330.3 333.8 335.4 32.6 34.0 34.7 358.8 359.0 359.4 2473.9 2507.3 2534.3 7870.9 7889.3 7899.7 1991-JAN. FEB. MAR. 126.7 127.8 128.9 333.2 331.4 327.8 36.0 35.2 32.4 363.2 355.9 353.0 2555.8 2586.3 2598.0 7907.1 7927.4 7948.9 APR. MAY JUNE 130.1 131.4 132.5 307.6 299.5 327.0 30.7 28.8 27.7 338.6 323.7 327.3 2591.0 2613.7 2646.1 7968.7 7989.4 8002.6 JULY AUG. SEP. p 133.5 134.4 135.3 337.7 336.5 332.8 27.8 27.0 25.0 337.2 333.8 337.1 2672.1 2708.0 2738.5 8016.5 8031.5 8058.3 1. Consists of U.S. Treasury bills and coupons with remaining maturities of less than 12 months held by other than depository institutions* Federal Reserve Banks> money market mutual tunds* and foreign entities. 2. Net of bankers acceptances held by accepting banks> Federal Reserve Banks* foreign official institutions* Federal Home Loan Banks> and money market mutual funds. 3. Total commercial paper less commercial paper held by money market mutual funds. 4. Debt data are on a monthly average basis* derived by averaging adjacent end-of-month levels* and have been adjusted to remove discontinuities. p—indicates preliminary data. H.6 ( 5 0 8 ) Table 5 COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, not seasonally adjusted Nontransac tions componen its Other checkable deposits At thrift institutions5 Total In M2 6 In M3 only 7 Overnight RPs 5 Overnight Eurodollars9 204.0 88.7 292.7 2473.3 796.7 66.9 15.5 277.3 276.8 278.2 201.4 201.8 203.9 88.2 87.6 87.1 289.7 289.4 291.1 2485.7 2495.8 2497.9 792.6 797.8 790.0 68.2 67.6 65.2 15.8 15.2 16.4 8.4 8.0 7.8 278.0 280.5 289.9 203.0 206.0 211.5 85.4 85.9 85.5 288.4 291.9 297.0 2504.2 2501.2 2497.6 784.3 788.1 781.4 66.2 60.5 54.9 17.5 17.3 19.4 249.8 252.7 255.6 7.8 7.8 7.8 277.7 268.0 270.1 213.7 211.4 215.7 84.2 83.5 85.9 297.9 294.9 301.5 2508.4 2522.0 2539.6 788.6 802.4 792.9 51.8 51.4 49.0 19.7 19.1 20.5 APR. MAY JUNE 256.0 257.4 259.1 7.5 7.8 8.1 277.6 271.5 279.6 222.4 217.1 221.8 89.3 87.8 89.0 311.7 304.9 310.8 2544.5 2534.2 2536.0 782.3 778.2 766.0 50.1 51.3 52.4 20.0 17.6 16.1 JULY AUG. SEP. 260.8 262.0 261.8 8.5 8.6 8.3 280.6 278.7 278.5 222.8 226.6 230.3 89.0 88.2 88.1 311.8 314.8 318.4 2530.7 2525.8 2517.0 757.6 760.4 753.0 51.0 52.8 51.8 14.3 15.1 15.3 OCT. 263.2 8.0 283.6 231.8 88.5 320.3 2518.8 748.2 53.8 16.8 261.1 260.3 8.3 8.2 272.3 275.5 227. 224. 86. 85. 313, 310, 2512. 2508. 749, 750, 51. 51. 15. 16. Date Currency l Travelers checks 2 Demand deposits3 1990-JUNE 234.9 8.1 275.2 JULY AUG. SEP. 237.3 239.4 241.0 8.6 8.9 8.8 OCT. NOV. DEC. 242.8 245.7 249.6 1991-JAN. FEB. MAR. commercial banks 4 Week ending 1991-SEP. 23 30 OCT. 7 14 21 28 263.9 264.1 263.2 262.4 8.1 8.0 8.0 7.9 286.6 285.3 284.8 277.5 234. 232. 232. 228. 90. 88. 88. 86. 324, 321. 320. 315. 2518.8 2524.5 2520.3 2513.6 748.9 750.2 743.4 750.4 53, 54, 54. 52. 16.3 16.1 16.6 17.8 NOV. 4 lip 18p 264.4 267.1 265.6 7.8 7.7 e 7.6 e 287.1 289.2 294.6 236. 238. 237. 91. 91. 90. 327. 330. 327.8 2517, 2520, 2524, 746, 750, 746, 54. 52. 54. 18.1 18.4 20.6 Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions. Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits. 3. Demand deposits at commercial banks and foreian-related institutions other than those due to depository institutions, the U.S. government and foreign banks and official institutions, less cash items in the process of collection and Federal Reserve float. 4. Consists of NOH and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations. 5. Consists of NOH and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts. 6. Sum of overnight RPs and Eurodollars, money market fund balances (general purpose and broker/dealer), savings deposits (including money market deposit accounts) and small time deposits. 7. Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances (institution-only), less the estimated amount of overnight RPs and Eurodollars held by institution-only money market mutual funds. 8. Consists of overnight and continuing contract RPs issued by all depository institutions to other than depository institutions and money market mutual funds (general purpose and broker/dealer). 9. Issued by foreign branches of U.S. banks worldwide to U.S. residents other than depository institutions and money market mutual funds (general purpose and broker/dealer). e—indicates estimated data, p—indicates preliminary data. H.6 (508) Table 5-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars* not seasonally adjusted Savings deposits 1 At At commercia il m thrift banks institutions Date 2 Small-denomination time deposits Total At At commercial thrift banks institutions Total Large-denomination time deposits 3 At At General purpose Institutionthrift and broker/dealer only money commercial institutions banks 4 money market funds market funds Total 1990-JUNE 562.8 351.1 913.9 563.9 590.9 1154.8 322.2 106.2 397.2 140.1 537.2 JULY AUG. SEP. 566.3 570.0 571.2 350.4 348.3 346.4 916.7 918.2 917.6 573.2 575.8 579.1 586.8 584.3 580.4 1160.1 1160.2 1159.5 325.0 334.6 339.2 108.3 113.1 113.4 397.3 396.7 392.7 135.9 133.7 131.6 533.2 530.4 524.3 OCT. NOV. DEC. 574.0 577.5 579.3 344.2 342.7 338.3 918.2 920.2 917.6 588.0 588.5 596.1 573.2 571.3 564.1 1161.2 1159.8 1160.2 341.1 343.4 345.5 117.1 121.2 127.0 389.3 389.9 386.1 129.1 125.9 121.1 518.3 515.9 507.1 1991-JAN. FEB. MAR. 580.5 586.2 596.9 337.4 339.2 345.6 917.9 925.4 942.5 602.1 606.1 607.4 562.6 557.5 549.8 1164.7 1163.6 1157.2 354.3 362.6 370.4 134.8 144.0 143.9 392.3 399.7 399.4 117.5 114.5 111.5 509.8 514.2 510.9 APR. MAY JUNE 603.5 607.8 618.3 351.9 357.1 362.0 955.4 964.9 980.3 604.2 601.0 602.1 545.4 537.5 525.2 1149.5 1138.4 1127.3 369.5 361.9 359.9 144.1 145.2 141.0 396.2 398.9 397.4 108.2 104.5 100.8 504.4 503.3 498.2 JULY AUG. SEP. 624.5 630.1 634.2 365.6 365.4 366.1 990.0 995.5 1000.3 602.8 606.1 604.4 515.9 502.5 493.6 1118.8 1108.6 1098.0 356.6 353.7 351.6 139.7 143.9 145.9 392.3 391.8 387.8 97.4 94.1 91.1 489.7 485.9 478.9 OCT. 643.2 369.8 1013.0 600.7 484.4 1085.1 350.1 152.4 382.6 87.6 470.2 633.0 632.5 365, 365, 998. 998, 603, 603 491.4 490.0 1095, 1093, 352, 348, 145. 148. 386. 386. 89, 89, 476. 476. Meek ending 1991-SEP. 23 30 OCT. 7 14 21 28 640.2 643.8 643.3 644.4 368. 370. 370. 369. 1008, 1013. 1013. 1014. 604.2 602.2 600.8 597.7 487.8 486.2 483.9 481.3 1092, 1088, 1084, 1079. 348, 351, 351, 350, 148.5 154.8 150.5 155.0 386. 381. 380, 382. 89. 88, 87. 86. 475. 470. 467. 468. NOV. 4 Up 18p 648.1 652.6 655.6 372. 374. 375. 1020.3 1026.8 1030.6 595.8 594.2 592.6 480, 478. 476, 1075.9 1072.8 1069.1 348, 350. 349. 154. 158. 159. 380. 379. 378. 86. 85. 85. 466. 465. 463. 1. 2. Savings deposits include money market deposit accounts. Small-denomination time deposits—including retail RPs—are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and thrifts are subtracted from small time deposits. 3. Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities. 4. Large-denomination time deposits at commercial banks less those held by money market mutual funds, depository institutions, and foreign banks and official institutions. p—indicates preliminary data. H.6 (508) Table 5-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, not seasonally adjusted Term RPs 1 At At commercial thrift banks institutions Date Debt components6 Non-M3 Components of L Total Term Eurodollars2 Savings bonds Short-term Treasury securities3! Bankers acceptances* Commercial paper5 Federal debt Non-Federal debt 1990-JUNE 53.4 48.8 102.2 64.4 121.6 321.7 34.9 355.4 2363.0 7715.5 JULY AUG. SEP. 53.5 55.6 51.9 46.7 46.1 46.0 100.2 101.7 97.9 65.1 68.3 70.0 122.2 122.8 123.5 324.2 324.4 334.6 33.1 32.4 32.3 348.2 344.9 356.8 2386.8 2422.3 2444.5 7752.2 7779.6 7812.6 OCT. NOV. DEC. 50.9 52.6 48.0 44.2 42.4 41.4 95.1 95.1 89.4 70.2 70.0 71.4 124.2 125.0 125.8 334.8 339.9 345.4 32.8 34.6 35.7 353.0 350.3 355.1 2459.3 2498.8 2532.1 7846.0 7868.3 7889.1 1991-JAN. FEB. MAR. 47.1 47.6 46.6 40.3 38.2 35.4 87.3 85.8 82.0 71.9 72.6 71.1 126.8 127.9 129.1 340.7 332.6 327.8 36.1 34.3 31.5 365.5 358.0 352.6 2557.7 2590.6 2602.8 7893.5 7889.7 7900.1 APR. MAY JUNE 47.5 47.3 47.7 33.3 32.2 29.4 80.8 79.5 77.0 68.2 65.4 64.8 130.4 131.6 132.7 306.3 295.0 316.5 30.1 28.7 27.8 342.4 331.8 333.2 2592.9 2609.1 2635.3 7921.5 7947.9 7969.8 JULY AUG. SEP. 49.0 48.8 48.5 29.2 29.4 28.6 78.2 78.2 77.1 65.8 67.3 66.0 133.6 134.3 135.0 p 327.5 331.8 335.4 p 27.9 27.1 25.4 p 337.4 331.9 334.9 p 2657.9 2691.4 2721.7 p 7989.3 8000.6 8025.7 p OCT. 48.7 27.0 75.7 64.8 48.5 48.3 28. 26, 76. 74. 65.6 66.3 Week ending 1991-SEP. 23 30 OCT. 7 14 21 28 47.4 48.3 48.3 50.3 27, 27, 26, 27, 74. 75. 75, 77, 64.8 65.3 65.1 64.4 NOV. 4 Up 18p 50.4 49.2 47.3 26, 26, 26. 76. 76. 74. 64, 64, 64, Term RPs are those with original maturities greater than one day, excluding continuing contracts and retail RPs. Term Eurodollars are those with original maturities greater than one day. Consists of those issued to U.S. residents by foreign branches of U.S. banks world-wide and by all banking offices in the United Kingdom and Canada. Excludes those held by depository institutions and money market mutual funds. Consists of U.S. Treasury bills and coupons with remaining maturities of less than 12 months held by other than depository institutions, Federal Reserve Banks, money market mutual funds, and foreign entities. Net of bankers acceptances held by accepting banks, Federal Reserve Banks, foreign official institutions, Federal Home Loan Banks, and money market mutual funds. 5. Total commercial paper less commercial paper held by money market mutual funds. Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities, 6. •indicates preliminary data. P~ H.6 ( 5 0 8 ) Table 6 MEMORANDUM ITEMS 10 Billions of dollars, not seasonally adjusted Demand deposits at banks due to Foreign Foreign commercial official banks institutions Date U.S. government depo«sits Time and savings deposits due to foreign banks and official institutions Demand deposits at commercial banks Balance at Federal Reserve Note balances at depository institutions Total cash balance IRA and Keogh Accounts Time and savings At At deposits thrift at commercial commereia 1 banks institutions banks At money market funds Total 1990-JUNE 9.1 1.5 3.3 5.5 5.0 15.4 25.9 1.2 119.5 133.6 34.3 287.4 JULY AUG. SEP. 9.0 9.2 9.4 1.5 1.8 1.9 3.3 3.2 3.2 3.4 3.8 5.1 5.4 5.4 6.4 11.9 19.7 25.9 20.6 28.9 37.5 1.3 1.4 1.2 121.1 122.6 124.4 133.5 133.1 132.5 34.4 35.2 36.9 289.0 291.0 293.8 OCT. NOV. DEC. 9.0 8.9 8.8 1.5 1.4 1.4 3.6 3.3 3.2 3.5 3.7 5.0 5.5 5.6 5.2 17.5 15.4 18.1 26.4 24.8 28.2 1.4 1.4 1.4 126.8 128.6 130.3 132.0 131.5 130.7 37.9 39.2 40.7 296.7 299.3 301.7 1991-JAN. FEB. MAR. 9.2 8.2 8.1 1.5 1.5 1.4 3.2 3.2 3.2 4.9 4.2 5.1 7.8 11.5 6.8 24.5 35.1 23.3 37.2 50.8 35.1 1.3 1.3 1.3 132.1 133.6 135.3 130.4 130.5 130.6 41.4 41.8 42.4 303.9 306.0 308.3 APR. MAY JUNE 8.6 8.3 7.7 1.4 1.4 1.4 3.3 3.3 3.3 5.3 3.6 5.0 4.7 5.6 6.3 15.0 16.2 18.6 25.1 25.4 29.9 1.3 1.5 1.6 137.3 138.9 140.3 130.7 130.7 130.3 42.6 42.5 e 42.6 e 310.7 312.2 e 313.1 e JULY AUG. SEP. 8.2 8.2 8.2 1.4 1.4 1.4 3.2 3.2 3.2 3.7 3.6 5.2 6.6 5.8 7.8 17.1 13.5 21.7 27.4 22.9 34.7 1.6 1.5 1.6 141.8 143.1 144.4 129.7 e 129.0 e 128.2 e 42.8 e 43.0 e 43.2 e 314.3 e 315.1 e 315.9 e OCT. 8.0 1.3 3.2 3.7 5.7 25.0 34.4 1.6 145.9 127.8 e 43.1 e 316.8 e 8.2 8.3 1.3 1.3 5.0 3.8 11.2 8.6 33. 34. 49, 47, 6.0 4.3 23. 19. 23. 31. 33, 27. 34, 40. 29. 26. 23.6 42. 35. 33.8 Neek ending 1991-SEP. 23 30 OCT. 7 14 21 28 8.0 8.0 8.5 7.8 1.4 1.2 1.4 1.4 3.9 3.3 4.5 3.3 NOV. 4 Up 18p 7.7 8.5 8.4 1.4 1.4 1.4 5.0 3.3 5.0 e—indicates estimated data, p—indicates preliminary data. H.6 (508) Special Supplementary Table Monthly Survey of Selected Deposits 1 September 25,1991 and October 30,1991 (not seasonally adjusted) Insured Commercial Banks Amount Outstanding ($mil.) Liability Categories NOW Accounts Savings Deposits Personal 2 Nonpersonal Interest-bearing time deposits with balances of less than $100,000 with original maturities of: 7 to 91 days Change (percent) Average Rate Paid (%) Sep 25 Oct 30 Change (b.p.) Sep 25 Oct 30 222,116 229,650 339 44-7 4.39 -8 628,327 N.A. 640,375 493,562 1.92 N.A. 5.03 N.A. 4.86 N.A. N.A. N.A. 146,813 N.A. N.A. N.A. N.A. 50,331 49,031 -2.58 5.27 5.09 5.44 5.26 -17 163,122 161,937 216,133 215,666 -0.73 -0.22 5.66 5.49 1 to 2-V2 year 2-V2 years and over 164,747 155,686 169,638 156,927 2.97 0.80 6.01 6.58 5.86 6.51 -18 -18 -17 -15 -7 All IRA/Keogh Plan deposits3 145,144 146,432 0.89 N.A. N.A. N.A. 92 to 182 days 183 days io 1 year BIF-insured Savings Banks Amount Outstanding ($mil.) Liability Categories NOW Accounts Savings Deposits Personal 2 Nonpersonal Interest-bearing time deposits with balances of less than $100,000 with original maturies of: 7 to 91 days 92 to 182 days 183 days to 1 year 1 to 2-'/ 2 year 2-V2 years and over All IRA/Keogh Plan deposits 3 Change (percent) Averag e Rale Paid (%) Oct 30 Change (b.p.) 5JL0 4.96 -14 1.56 N.A. 5.41 N.A. 5.33 N.A. N.A. 3,018 N.A. N.A. N.A. N.A. 5,190 4,777 -7.96 5.45 5.27 23,309 33,668 22,147 31,634 -4.99 -6.04 5.71 5.98 5.55 5.78 24,795 26,247 5.86 6.37 6.00 18,831 18,880 0.26 6.96 6.69 -17 -16 -20 -37 -26 23,666 23,784 0.50 N.A. N.A. N.A. Sep 25 Oct 30 8,961 9,343 427 68,384 N.A. 69,448 66,430 N.A. Sep 25 -8 N.A. — data are not available NOTE: Data for earlier month may show revisions. 1. Estimates are based on data collected by the Federal Reserve System from a stratified random sample of about 460 commercial banks and 80 savings banks. All rates are expressed as annual effective yields. 2. Includes personal and nonpersonal money market deposit accounts. 3. Total IRA and Keogh Plan deposits regardless of size, type of instrument in which held, or interest rate paid. 4. BIF-insured savings banks include both mutual and federal savings banks.
@FedFRASER