Full text of H.6 Money Stock Measures : November 5, 1987

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

•*0*f C o

FEDERAL RESERVE statistical release
For release at
4:30 PM EDT
November 5, 1987

H.6(508)

NOTICE

Owing to processing delays associated with the Veterans Day
holiday, the H.6(508) statistical releasex"Money Stock, Liquid Assets,
and Debt Measures" will be published on Friday, November 13.




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

UO1&&B&R

Billions of dollars
M1
Sum of currency,
travelers checks,
demand deposits and
other checkable deposits1

Date

M3
M2
M1 plus overnight RPs
M2 plus
and Eurodollars,
large time deposits,
MMMF balances (gen. pur. term RPs, term Eurodollars
and Institution-only
and broker/dealer), MMDAs,
and savings and small
MMMF balances'
time deposits2
Seasonally adjusted

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonftnancial sectors5

198b—SEPT.
OCT.
MOV.
DEC

693.1
701.4
712.4
730.5

2736.8
2761.4
2776.3
2601.2

3422.7
3443.7
3462.4
3492.3

4055.6
4081.7
4107.4
4139.9

7363.7
7423.1
7499.4
7601.3

1987 — J A N .
IZB.
MAE.
APfi.
HAY
JUNE

737. 7
737.4
739.5
750.3
753.1
746.6
747.6
750.9
751.2

2823.5
2823.0
2626.5
2639.9
2840.4
2841.6
2847.7
2862.1
2874.5

3518.4
3522.3
3527.3
3543.9
3559.9
3576.7
3584.1
3605.8
3622.3

4172.6
4180.4
4169.7
4181.4
4214.6
4228.6
4222.2
4248.6

7666.3
7t>96. 1
774tt.3
760O.9
7865.3
7917.0
7961.2
8016.4

AUG.
SEPT.

5, 1967

Not seasonatiy adjusted
1966—oi.Fi.
OCT.
NOV.

691.2
698.9
715.4
746.5

2729.3
2757.8
2776.5
2814.7

3417.1
3440.2
3466.7
3507.5

4049.6
4076.1
4110.2
4153.4

7347.8
7410.4
7466.7
7594.9

1987—JAN.
FEB.
rtAiu
APB.
HAY
JUH£
JULI
AUG.
S£PT.

744.4
723.3
728.9
757.5
744.9
749.1
751.5
749.3
749.4

2833.7
2811.1
2820.3
2848.6
2829.3
2642.7
2654.8
2860*2
2867.3

3529.2
3512.6
3524.4
3552.0
3550.1
3574.6
3583.9
3601.3
3617.0

4184.0
4172.1
4172.8
4189.4
4199.2
4227.9
4222.5
4245.4

7o59.6
7678.7
7720.5
7777.0
7635.5
7890.5
7937.8
7995.0

M1
For period ended

Not seasonally adjusted

Seasonally adjusted

T—w

1987-SEP1.

OCT.

MOTE:

7
14
21
28

748.4
748.9
749.3
750.0

750.3
750.2
750.7
750.8

5
12
19 P
26 P

750.5
751.3
752.2
753.7

753.6
754.5
755.6
759.8

746.4

749. «

750.3
755.1
751.5
757.5
753.8
759.4
768.5

wr\

WTVI

wy«

750.H
7 5 0 . J\

748.8
750.5
751.7
749.6

758.9
760.1
746.9
732.6

749. 8
749.6
750.4
751.6

750.6
749.6
753.0
756.0

762.6
756.4
760.5
7 52. 6

SPECIAL CAUTION SHOULD BE TAKE! IV IMTMP8ETIMG MEB*-TO-«BEK CHAMGES III *OMEI SUPPLY DATA, JTHICH ABE
HIGHLY Y0LAXILE AND SUBJECT TO BEVISION.
P—INDICATES P&ELIHIBABY DATA.
FOOTNOTES APPEAB OH THE fOLLOilMG PAGE




H.6 (508)
Table 2

MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES
fercent change at eeaaonally adjusted annual rates

M1

M2

M3

Debt1

2.5

4.6

5.1

7.7

6 MONTHS FROM HAH. 1987 TO SEPT. 1987

3.2

3.4

5.4

8-3

12 MONTHS FROM SEPT. 1986 TO SEPT. 1987

8.4

5.0

5.8

10.1

3 MONTHS FROM JUNE

1*87 TO SEPT. 1987

THIRTEEN WEEKS ENDING OCT. 26, 1987
FROM THIRTEEN WEEKS ENDING;

1/

1/

2/

3/

4/
5/

JULY

21, 1987 (13 MEEKS PREVIOUS)

-2.5

APR.

2 7 , 1987 (26 WEEKS PREVIOUS)

3.4!

OCT.

2 7 , 1986 (52 WEEKS PREVIOUS)

8.8

GROWTH RATES FOR DEBT ARE BASED ON PERIODS tfcUiltfUlHG AND ENDING ONE MONTH KABLIER THAN FOB THE MONETARY AGGREGATESr
NAMELY, MAY 1 9 8 7 TO AUGUST 1 9 8 7 , FEBRUARY 1 9 8 7 TO AUGUST 1 9 8 7 , AND AUGUST 1 9 8 6 TO AUGUST 1 9 8 7 , RESPECTIVELY.
FOOTNOTES TO TABLE 1
CONSISTS OF ( 1 ) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF COMMERCIAL BANKS;
(2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER SHAM THOSE DUE TO
DOMESTIC BANKS, THE U.S* GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS I N THE PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND 44) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER
OF WITHDRAWAL (NOW) AND AUTOMATIC TRAJfSFKR SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DE2QSITS AT THRIFT INSTITUTIONS.
THE CURRENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUN1' OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BI
THRIFT INSTITUTIONS TO SERVICE THEIR OCD L I A B I L I T I E S .
CONSISTS OF H1 PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U . S . RESIDENTS BY FOREIGN BRANCHES OF U . S . BANKS WORLDWIDE, MMDAS, SAVINGS AID SAALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL HPS—IM AMOUNTS OF LESS THAN $ 1 0 0 , 0 0 0 ) , AND BALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUNDS. EXCLUDES IRA AID KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND HOMEY MARKET FUHDS. ALSO EXCLUDES ALL BALANCES HELD HI U . S . COMMERCIAL
BANKS, MONEY MARKET FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AMD COMMERCIAL BANKS, AMD
THE U . S . GOVERNMENT.
ALSO SUBTRACTED I S A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.
CONSISTS OF M2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $ 1 0 0 , 0 0 0 OR MORE) AND TERM RP L I A B I L I T I E S ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U . S . RESIDENTS AT FOREXHU &RAUC&ES OF U . S . BANKS
WORLDWIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES I N 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 AMD OFFICIAL INSTITUTIONS.
ALSO SUBTRACTED I S A CONSOLIDATION ADJUSTMENT THAT REPA&SEMIS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY HONEY MARKET MUTUAL FOUDS^
CONSISTS OF M3 PLUS THE UQHBAViltL PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF MONiiY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITEii STATES 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 AMD OTHER DEBT
INSTRUMENTS. THE DATA ARE DERIVED FROM THE FEDERAL RESERVE BOARD«S FLOW OF FUUDS ACCOUNTS.
ALL DATA ON DEBT OF DOMESTIC
NONFINANCIAL SECTORS ARE PRESENTED IN MONTH-AVERAGE FORM, DERIVED BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS*. THESE
DATA HAVE ALSO HEEH 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 L.I AND Z . I .
IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE MEASURED ON
A QUARTER-EUD BASIS AND INCLUDE DISCONTINUITIES.




COMPONENTS OF THE MONEY STOCK
Otttsr
Oats

Damani
ohsokt»

ofwofcaM*
tfsaotftV

OOfTtpi tfiantS

toft*

kiM)
on**

MWtnQS dSpoattS

at

at
MM in

8fiMM twVM) o s p o a l t *
at
ttwMl
OOffWHaPOHH

at

total

at
total

is twits dspoi(Its'
at
tnrtft
total

179.7

6.4

292.2

214.7

2043.7

686.0

141. 1

200.3

341.4

banks
374.1

158.7

448.4

OCT.
MOV.
DEC.

181.2
182.4
183.5

6.4
6.4
6.4

293.4
297.8
308.3

220.3
225.8
232.3

2060.0
2063.9
2070.8

682.3
686.1
691.1

145.8
150.2
154.5

20 4.7
208.3
211.8

350.5
358.5
366.3

370.0
365.9
364.7

494.6
491.3
488.7

864.7
857.1
853.5

288.1
289.9
291.8

157.4
155.9
155.3

445.5
445.8
147.1

1987-JAM.
FEB.
MAfi.

186.0
187.2
187.7

6.5
6.7
6.8

305.1
300.6
299.3

240.1
242.9
245.7

2085.8
2085.6
2087.1

695.0
699.3
700.7

159.8
164.4
168.3

216.9
222.7
22 8.0

376.7
387.2
396.3

364.7
362.6
360.0

486.9
485.9
486.1

851.6
848.5
846.1

295.7
296.0
299.0

154. 0
152.3
151.1

449.7
448.2
450.1

APB.
WAI
JUNE

188.9
190.2
191.1

6.8
6.7
6.8

303.9
303.9 '
297.4

250.7
252.2
251.2

2089.6
2087.j
2095.0

704.0
7T9.5
735.2

172.1
174.5
175.5

233.8
237.2
239.7

406.1
411.7
415.2

357.5
357.1
360.1

486.3
486.1
490.0

843.9
843.2
850.1

305.9
310.7
314.9

148.7
149.1
150,. 2

45*. 6
459.7
465.1

JOLI
AUG.
SEPT.

192.1
193.2
194.5

6.8
6.9
7.0

296.2
296.4
294.1

252.5
254.5
255.5

2100.1
2111.2
2123.3

736.4
743.6
747.8

176.6
178.0
178.0

240.2
242.0
241.4

416.8
420.0
419.4

363.4
365.3
367. 1

495.3
500.5
505.3

858.7
865.8
872.4

313.7
313.7
314.2

151.3
153.0
155.2

465.0
466.7
469.4

193.9
194.1
194.7
195.1

292.1

294.5
296.2
293.0

253.4
254.8
257.3
256.3

178.1
178.0
178.0
178.0

365.6
366.6
367.3
368.5

313.9
314.6
314.6
314.3

195.1
195.3
196.0
197.2

299.8
294.9
299.5
306.0

255.6
256.6
256.9
258.3

178.0
177.5
177.3
177.3

369.6
370.9
372.1
374.6

313.9
316.5
317.4
320.0

banks

1986-SEPT.

498.1

872.2

banks*
289.8

MEEK ENDING

1987
SBPT. 7
14
21
28
OCT.

5
12
19 P
26 P

1/

CURREICI OOTSIDE THE O.S. TRBASURI, FEDERAL RESERVE BARKS AND VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
2/ OUTSTANDING AflOUNT OF U^S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NOMBANK ISSUERS. TRAVELERS CHECKS ISSUED BI DEPOSITOR!
INSTITUTIONS ARE INCLUDED II DEMAND DEPOSITS.
3/ DEflAND DEPOSITS AT COflHERCIAL BANKS AND FOREIGN MELATED INSTITUTIONS OTHER THAN THOSE DUE TO DO BEST IC BANKS, THE O.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS II THE PROCESS OF COLLECTION AND FEDESikL RESERVE FLOAT.
EICLUDES THE ESTIMATED AMOUNT OF DEflAND DEPOSITS HELD AT COMMERCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
4/ CONSISTS OF HO8 AND ATS BALANCES AT ALL DEPOSITORI INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AID
DEHAND DEPOSITS AT THRIFT INSTITUTIONS.
5/ SUfl OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, flONEI MARKET FUND BALANCES (GENERAL PURPOSE AND BROKBR/DEALEfi),
MHDAS, AND SAVINGS AND SMALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF
DEMAND DEPOSITS AND VAULT CASH HELD BI THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS LIABILITIES.
6/ SUM OF LARGE TIME DEPOSITS, TERM RPS AND TERM EURODOLLARS OF U.S. RESIDENTS, HONEI MARKET FUND BALANCES (INSTITUTIONONLI), LESS A CONSOLIDATION ADJUSTMENT THAT HEPRSSENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BI
INSTITUTION-ONLI MONEI MARKET FU9DS.
7/ SAVINGS DEPOSITS EXCLUDE MHDAS.
8/ SMALL DENOMINATION TIME DEPOSITS—INCLUDING HETAIL R P S — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN % 100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KBOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SMALL
TIME DEPOSITS.
9/ LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
10/ LAttGJS DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BI MONEI MARKET MUTUAL FUNDS,
DEPOSITORI INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.



H.6 (506)
Table 4

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

2/
3/
4/

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

commercial paper*

Debt components4
federal debt
non-federal debt

85.3
6b.4

286.2
285.7

37.3
36.9

219.7
223.9

1727.7
174*6. 4

5S50.3
5617.3

OCT.
NOV.
DEC.

87.7
89.8
91.7

284.2
288.8
268.1

37.7
36.0
37.5

228.4
228.4
230.2

17*7.2

1803.9

566S. 9
5723.8
5797.4

1987-JAN.
FEB.
HA*.

92.7
93.5
94.3

264.1
285.6
269.2

37.8
39.3
39.8

239.7
239.6
239.1

1616.11
1832.2
1649.3

5646.3
5865. 9
5899. 1

A PH.
HAY
JUNE

95.1
95.9
96.5

2 56.3
262.2
259.8

41.2
42.4
43.5

244.9
254.3
252.1

1861.1
1873.9
18*5.6

5945.0
5991.4
6031.4

JULY
AUG. P

97.3
97.8

249.1
252.2

43.4
42.6

248.4
250.2

1668.6
1902.5

6072.6
6113.9

1986-AUG.
SEPT.

1/

savings bonds

1775.fr

CONSISTS OF U.S. TREASURY BILLS AMD COUPONS HIItt REMAINING MATURITIES OF LESS THAM 12 MONTHS HELD 01 OTHER THAU DEPOSITOR!
INSTITUTIONS, FEDERAL khS&ME BANKS, HONEY MARKET MUTUAL FUNDS AMD FOREIGM EMTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND HOMEY MARKET MUTUAL FUHDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, D&H1VHD BY AVERAGING EMD-OF-HOMTH LEVELS OF ADJACENT MONTHS, AMD HAVE BEEN
ADJUSTED TO REMOVE DISCONTINUITIES'.




H.6(506)
Table 5

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

Other checkable deposits

Date

Currency1

Travelers
checks2

Dernand
deposits3

at commercial
banks4

at thrift

total

in M2*

Overnight
RPsa

in M3 only7

Overnight
Eurodollars9

institutions*

General
purpose and
broker/dealer
money market
funds

179.5

6.9

291.3

146.9

66.6

213.5

2038.1

687.8

56.0

17.2

202.2

OCT.
NO?.
DSC

180.9
183.2
186.2

6.5
6.1
6.0

293.0
300.1
319.5

150.4
155.7
162.8

68.0
70.3
72.2

218.5
226. 0
235.0

2058.9
2063. 1
2068.2

682.4
688. 1
692.8

58.8
58.7
59.4

19.4
18.8
19.0

206.9,
20 7.1
207.6

1987-JAN.
FEB.
HAB.

184.6
184.8
186.0

6.0
6.2
6.4

311.0
292.0
291.5

169,8
167.6
170.4

73.1
72.7
74.5

242. 8
240.3
245.0

2089.3
2087.8
2091.3

695.5
701.5
704.1

62.4
60.6
58.3

22.3
19.5
18.6

209.0
210.7
211.6

APR.
HAI
JUNE

188.0
190.2
191.9

6.4
6.5
7.1

305.8
298.8
298.4

178.6
171.7
172.9

78.8
77.8
78.4

257.4
249.4
251.3

2091.0
2084.4
2093.6

703.5
720.8
731.9

56.2
55.1
54.5

20.7
20.9
20.0.

211.0
208.9
209.6

JULI
AUG.
SEPT.

193.8
194.1
194.3

7.7
7.9
7.6

298.6
294.8
293.4

172.9
174.5
176.3

78.5
78.0
77.8

251.4
252.5
254.1

2103.3
2110.9
2117.9

729.1
741.1
749.7

56.0
59.4
59.1

18.7
18.3
20.6

209.8
212.8
216.5

1986-SEPT.

SEEK EHDING:
1987-SEPT.

OCT.

7
14
21
28

196.0
194.8 '
194.2
193.0

296.8
299.0
291.3
285.2

178.8
179.3
176.3
171.8

79.6
79.3
77.6
75. 1

258.4
258.6
253.9
247.0

58.2
59.0
58.8
59.7

17.5
18.7
20.9
25.5

214.4
217.9
217.8
216.2

5
12
19 P
2b P

195.0
196.4
195.6
195.5

304.6
295.7
302.1
298.4

176.7
177.9
177.2
175.2

78.9
79.2
78.5
76.4

255.6
257. 1
255.8
251.6

62.1
59.9
60.8
61.9

20.4
19.3
18.5
20.8

215.6
217.2
218.5
223.5

1

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

CUBRENCI OUTSIDE THE U.S. TREASURI, FEDERAL RESERVE BANKS AMD TBS YAULTS OF COMMERCIAL BANKS. EXCLUDES TflB ESTIMATED
AMOUNT OF VAULT CASH HELD BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BI DEPOSITORI
INSTITUTIONS ARE INCLUDED IN DEHAND DEPOSITS.
DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DOE TO DOMESTIC BANKS, THE U^S. GOVERNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, J.ESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT, LESS THK ESTIMATED AMOUNT Of DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF NOW AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOKEIGM BANKS, AMD EDGE ACT
CORPORATIONS.
CONSISTS OF MOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEHAND DEPOSITS AT THRIFTS.
SUM OF OVERNIGHT RPS AND EURODOLLARS, MONEI MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), HMDAS AND SAVINGS
AND SMALL TIME DEPOSITS LESS THE ESTIMATED AMOUllT OF DEMAND DEPOSITS AND VAULT CASH HELD BI THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, HONEI MARKET FUND BALANCES (IMSTITOTION-ONLI)0 LBSS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BI INSTITUTIOB-ONLI
MONEI MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT flPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORI INSTITUTIONS AND
HONEI MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER)•
ISSUED BI FOREIGN liKANCHES OF U.S. tfANKS WOtiLDWIDK TO U.S. RESIDENTS OTHER THAN DEPOSITOR! INSTITUTIONS AND
MONEI MARKET MUTUAL FUNDS (GENERAL PUHPOSE AND BROKER/DEALER).




H.6(506)
Table 5-continued

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

Date

1986-SEPT.

Money market deposit accounts
at
at
commercial
thrift
total
Institutions
banks

at
commercial
banks

Savings depositsi
at
thrift
institutions

1

total

Smalt denomination time deposits'
at
at
commercial
thrift
total
banks
institutions

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

368.9

189.9

558.8

141.0

198.6

339.6

375.9

497.4

873.3

291.2

159.1

450.3

OCT.
MOV,
DEC.

372.6
37i>.9
379.0

191.9
192.8
192.4

564.4
568.7
571.4

146.4
150.J
153.8

204.8
209.0
211.8

351.2
359.3
365.6

371.3
366.7
364.4

496.1
492.8
489.6

867.3
859.5
854.2

289.3
290.6
293.2

157.8
156.0
154.9

447.1
446.7
446.1

1987-JAN.
FEB.
NAK.

381.7
378,5
378.2

192.5
192.3
192.3

574.3
570.8
570.6

159-2
162.8
167.2

217.1
221.8
227.9

376.4
384.6
395.1

3 64.4
362.1
3 59.7

490.0
488.4
486.3

854.5
850. 5
646.0

296.9
298.1
301.3

154.4
153.1
151.2

451.3
451.2
452.5

APR,
HAY
JUNE

375.4
368.9
367.6

190.1
188.3
185.9

565.5
557,1
553.5

172.1
174.6
176.6

234.0
237.8
240.9

406.1
412.7
417.5

355.6
355.7
359.7

484.7
482.8
487.2

840.3
838.5
846.9

303,2
309.2
J11.8

148.0
149.1
149.6

451.2
458.3
461.6

JOLT
AUG.
SEPT,

365.2
364.0
362.4

182.8
179.5
176.6

548.0
543.5
539.0

178.4
178.2
177.9

241.9
240,2
239.4

420.3
418.4
417.2

363.9
366.7
368.8

494.9
499.7
504.5

858.7
866.4
87J.3

310.4
313.0
315.5

150.7
153.2
155.6

461.1
466.2
471.0

WEEK ENDING
1987
SEPT. 7
14
21
28
OCT.

1/
2/

3/
4/

5
12
19 P
26 P

364.6
365.0
361.6
359.5

178.2
178.2
177.8
177.4

367.9
368.4
368.9
369.7

314.6
315,0
315.6
J16.9

360.0
360.1
359.1
358.5

178.7
178.9
178.3
177.9

371.0
372.5
373.1
375.1

316.3
318.5
J18.1
320.8

SAVINGS DEPOSITS EXCLUDE HMDAS.
SHALL DENOMINATION T I N E DEPOSITS — INCLUDING RETAIL APS — ABE THOSE ISSUED I N AHOONTS OF L&SS THAN $ 1 0 0 , 0 0 0 - ALL
INDIVIDUAL BETIBEHENT ACCOUNTS ( I B A ) AND KEOGH ACCOUNTS AT COHBERCIAL BANKS AND THBIPTS ABB SUBTRACTED FfiOfl SHALL
TIME D E P O S I T S .
LABGE DENOMINATION TIME DEPOSITS ABE THOSE ISSUED I N AflOUNTS OF 5 1 0 0 , 0 0 0 OB MOBE, EXCLUDING THOS4 BOOKED AT INTERNATIONAL
BANKING F A C I L I T I E S ( I B F S ) .
LABGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BT HONE! MARKET MUTUAL FUUDS, DEPOSITORf
INSTITUTIONS AND POBEliihi BANKS AND OFFICIAL I N S T I T U T I O N S .




H.6 (508)
Table 5-continued

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

1986-SSPT.

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

Term
Eurodollars1

Savings
bonds

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

Components of Debt
Commercial
paper*

Federal debt*

Non-Federal6
debt

84. 4

35.7

42.4

78.1

81.4

86.4

285.6

37.4

223.1

1734,5

5613.3

84.5
84.4
84.1

34.5
37.3
35.4

44.3
46.6
48.6

78.8
83.8
84.0

78.0
79.3
83.0

87.8
89.9
91.9

281.4
287.7
287.9

38.0
38.0
37.4

228.7
22 7.9
228.7

1748.6
1771.7
1803.3

5661.8
5715.0
5791.6

1987-JAN.
PEB.
MAR.

84.0
84.7
84.9

34.1
35,4
34.9

49.5
51.8
52.3

83.6
87.2
87.2

84.8
87.6
88.2

92.7
93.5
94.3

284.9
286.7
274.6

37.8
38.9
39.3

239.3
240.4
240.2

1816.9
1826.7
1838.3

5842.7
5852.0
5882.2

APR.
HAY
JUNE

83.1
81.8
81.3

38.4
40.8
40.8

56.0
61.5
66.2

94.3
102.3
107.0

83.9
87.0
89.7

95.1
95.8
96.5

258.1
257.5
258.2

40.5
42.2
43.5

243.8
253.6
255.1

1846.7
1857.8
1869. 1

5930.2
5977.7
6021.4

JULY

83.4
83.4
80.7

39.0
40.0
40.8

67.5
66.6
67.3

106.5
106.6
108. 1

86.8
93.5
94.7

97.1
97.7

248.7
253.6

43.6
43.5

24 9.2
249.2

1872.4
1887.4

6065.4
0107.6

7
14
21
28

82.4
80.7
80.6
79.5

41.0
40.7
41.1
41.7

5
12
19 P
26 P

79.2
80.1
80.1
83.8

37.0
38. 1
35.9
38.2

OCT.
NOV.
DEC

AUG.

SEPT.
WEEK ENDING:
1987-SEPT.

OCT.

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

TERM BPS ABE THOSE WITH ORIGINAL flATURITXES GREATER THAN ONE DAI, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS. INCLUDES
A RELATIVELY SHALL AMOUNT OF OVERNIGHT RPS AT THRIFT INSTITUTIONS.
TERN EURODOLLARS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAY. CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS BI
FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE 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 RhSERVE BANKS, HONEY MARKET MUTUAL FUNDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDRRkL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND HONE* MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY HONEY 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.




H.6 (508)
Table 6

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

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

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

9.9

1.8

4.2

3.o

5.6

14.6

23.8

1.8

71.5

95.2

10.5

177.2

OCT.
NOV.
DEC.

10.0

1.8
2.0
1.8

4.2

3.4

4.1

3.7

3.2
3.1

11.8
11.9
15.5

18.6
18.4
22.9

1.8
1.7
1.7

/I.

4. 1

3.4
3.4

72.1
72.8

95.6
95.6
96.2

10.8
10.7
1Q.7

178.1
178.4
179.7

1987-JAN.
FEB.

10.4

1.8
1.7
1.7

4.0

3./

9.6

2J.8

4.0
4.0

J.J

5.0

3. 1

37. 1
3J.6
20.3

1.7
1.6
1.6

73.4
74.0
75.4

97.2
97.7

3.5

2 5.2
1J.6

98.8

1Q.8
11.0
11.2

181.4
182.8
185.4

3.9

16.6
27.4
21.8

28.5
46.8
34.2

1

I.7
I. 8
I.8

78.5
79.2
79.5

10 1.3
102.0
102.7

12.4
1J. 1
^3.3

192.1
194.2
195.4

23.3
18.6
21.3

31.9
25.0
35.9

I.8

80.1
80.7
81.3

103.4
103.5
103.9e

13.3e
13.3e
13. Je

196. 8e
197.6e
198. Se

15.0
13.8
26.8
28.8

22.8
20.0
50.6
49.9

1.7
1.7
1.7
1.5

24.1
25.6
28.0
29.9

35.9
31.4
41.2
46.4

1.7
1.7
1.7
1.5

Date

1986-SEPT.

MAfa.

MEEK

APK.
MAX
JUNE
JULY
AUG.
SEPT.

9.9
9.5
9.7

J. 9

9.8

1.9
2.1
2.0

3.9

5.0
3.4
3.6

9.7
9.3
9.8

2.0
2.1
2.0

3.8
3.8
3.8

J.3
3.0
4.2

10.3

9.7

2.1
1.9
1.8
2.0

3.6
3.8
3.8
3.8

3.4
3.3

4.5
2.9

7.4
2.9

16.4
18.3

2.0
1.7
1.9
1.9

3.8
3.8
3.8
3.6

3.8
2.9
3.6
3.0

8.0
2.9
9.6

9.6

7.0

16.0
8.7
5.3
3.4

.

1I . 8

I.7

ENDING:

1987
SEPT. 7

OCT.

9.7
9.9

14
21
28

10.0
10.3

5

10.0

9.2

U

9.2

19 P
26

P




10.4
9.8

13.5

commercial
banks

6

thrift
institutions

money
market
mutual funds

total