Full text of H.6 Money Stock Measures : October 18, 1990

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FEDERAL RESERVE statistical release
H.6 ( 5 0 8 )
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

OCTOBER 18, 1990

pillions of dollars
Date

M1J

M2 2

M3 J

DEBT

Seasonally adjusted
1988-OCT.
NOV.
DEC.

785.1
786.0
787.5

3048.8
3064.1
3072.4

3883.8
3903.5
3918.3

4613.8
4644.2
4676.1

8981.1
9048.6
9107.6

1989-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

785.8
786.7
785.5
782.1
776.2
773.7
779.1
780.4
782.9
788.1
789.4
794.8

3073..4
3078..0
3086..9
3089..4
3085..3
3101..6
3127..0
3146..9
3163..6
3181.9
3201.2
3221.6

3925.9
3936.7
3956
3965
3965
3984
4007
4013
4013
4018
4031
4044

4683.3
4702.0
4735.9
4762
4761
4784
4810
4825
4831.8
4841.7
4858.1
4881.2

9150.3
9209.8
9279.9
9342.8
9403.6
9457.8
9506.6
9569.9
9627.8
9687.4
9750.2
9788.9

1990-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP. p

794.8
801.4
804.8
807.3
805.4
809.4
809.2
816.2
822.6

3231
3255
3270
3277
3270
3278
3283
3301.8
3317.5

4048.
4064.
4069.
4072.
4065.
4069.
4073.
4088.
4091,

4882 .5
4890 .4
4906 .6
4916 .4
4887 .1
4906.8
4918.3
4929 0 p

9829.
9887,
9955.
10010.
10053.
10108.
10170.
10244.

Not seasonally adjusted
1988-OCT.
NOV.
DEC.

782.2
788.3
804.5

3046.7
3067.2
3085.2

3884.1
3912.4
3932.5

4613.6
4652.3
4692.9

8939.9
9015.3
9093.2

1989-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

793.5
773.0
775.9
791.6
767.7
774.4
782.3
778.1
779.1
785.0
791.7
812.1

3085..4
3065..7
3080..7
3100..2
3071..2
3099..1
3132.8
3146.5
3156.6
3179.3
3204.8
3234.5

3935
3925
3954
3971
3950
3978
4005.8
4012.7
4010.6
4018.2
4040.7
4058.3

4701.
4696.
4733.
4764.
4750.
4777.
4799.
4819.8
4827.3
4841.8
4867.2
4898.9

9139
9179
9237
9297
9358
9413
9459.8
9515.7
9576.9
9646.9
9717.7
9774.3

1990-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP. p

802.3
788.0
795.7
817.3
796.4
810.0
812.2
814.0
818.5

3242.
3243.
3265,
3288,
3255,
3275.
3289,
3301,
3310,

4057.
4052.
4067.
4079.
4049.
4062.8
4072.2
4088.6
4087.8

4901.4
4885.6
4904.5
4919.9
4874.9
4898.5
4906 4
4923 5 p

Footnotes appear on the following page,
p—indicates preliminary data.




9819.1
9856.8
9912 3
9965 3
10007 7
10065 0
10124 6
10190 7 P

H.6 ( 5 0 8 )
Table 2

MONEY STOCK AND DEBT MEASURES
'^Percent change at seasonally adjusted annual rates

Ml

M2

M3

Debt 3

3 Months from JUNE 1990 to SEP. 1990

6.5

4.7

2.2

7.6

6 Months from MAR. 1990 TO SEP. 1990

4.4

2.8

1.1

7.2

5.1

4.9

1.9

7.0

12 Months from SEP. 1989 TO SEP. 1990

Thirteen weeks ending OCTOBER 8, 1990
from thirteen weeks ending:

JULY

9, 1990 (13 weeks previous)

4.5

3.4

1.6

APR.

9, 1990 (26 weeks previous)

3.9

2.9

1.1

OCT.

9, 1989 (52 weeks previous)

4.5

4.9

1.8




Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely,
May 1990 to August 1990, February 1990 to August 1990, and August 1989 to August 1990, respectively.
Footnotes to Table 1
Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions I
(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 (NOW) 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, money market deposit accounts (MMDAs), savings and
small-denomination time deposits (time deposits—incuding 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 large-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 foreian 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 of 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 5

MONEY STOCK MEASURES

3

B i l l i o n s of dollars
Seasonally ad jus t a d
•

P e r i o d ending
1990-JULY 16
25
50

*

HI

13-week
average

4-week
average

807.5
807.7
807.9

811.2
810.8
808.6

^

13-week
average

4-week
average

607.7
607.5
809.0

5277.0
5277.2
5277*7

5285.2
5285.5
5285.5

average

H5

H2

• '

13-week
average

4-week
average

week
average

5286.1
5280.6
5279.9

4066.2
4 0 6 8 .3
4069.0

4072.0
4075.1
4072.9

4071.0
4072.4
4072.0

week
average

AUG.

6
15
20
27

808.5
809.4
810.5
811.2

809.5
811U
815.6
615.5

615.0
815.0
818.5
815.7

5278.6
5260.9
3285.5
5266.4

5264.5
5267.4
5295.6
5299.5

5290.7
5298.4
5505.5
5505.6

4069.9
4071.5
4075.0
4075.5

4074.5
4078.0
4081.8
4086.5

4082.4
4085.0
4087.9
4090.5

SEP.

5
10
17
24

812.1
815.2
814.2
815.2

817.5
616.7
819.5
820.8

620.0
820.7
620.6
621.6

3290.0
3295.2
5296.0
3298.8

5505.9
5510.7
5515.1
5516.2

5516.4
5517.4
3315.1
3515.9

4076.4
4080.4
4082.5
4085.6

4091.2
4094.5
4095.6
4094.2

4101.3
4097.5
4092.9
4085.1

816.0
816.9

825.0
825.5

628.8
621.9

3501.4
5304.4

5517.7
5519.7

5522.2
3325.5

4064.6
4065.6

4090.5
4086.9

4085.7
4092.0

OCT.

lp

Not seasonally adjusted
HI

P e r i o d ending
1990-JULY 16
25
50
AUG.

6
15
20
27

SEP.

3
10
17
24

OCT.

lp
8p

H2
13-week
average

4-week
average

617.4
602.1
797.1

3275.0
5272.7
5275.6

5267.2
5291.7
5268.5

609.5
810.1
615.8
814.7

620.6
620.4
616.9
800.7

5276.4
3280.1
3284.0
3287.6

813,6
816.5
818.1
818-9

616.2
852.2
625.4
803.8

618.2
817.2

813.2
826.2

13-week
average

4-week
average

807.4
806.2
806.1

613.9
815.4
611.0

807.5
809 JO
810 .=6
811.8
812.1
815.5
814.2
814.8
814.7
814.8

week
average

H5
week
average

1 lima|l

15-week
average

average

3299.0
5276.5
5271.5

4060.4
4060.1
4061.5

4067.4
4072.5
4071.4

4076.1
4064.8
4059.2

5287.5
5289.7
5296.9
5501.4

5500.9
5507.8
5507.2
5289.6

4065.9
4067.1
4070.1
4075.5

4072.3
4076.9
4063.0
4088.1

4089.2
4094.5
4089.1
4079.4

5290.4
5293.9
5296.8
529^.2

5505.9
5509.0
5511.0
5511.5

5510.9
5528.1
5515.5
5291.6

4075.6
4078.5
4080.8
4082.4

4090.2
4094.1
4095.9
4092.4

4097,9
4110.1
4096.3
4065.4

5500.6
5502.6

5509.2
5510.1

5501.9
5551.4

4085.0
4084.1

4085.7
4083.2

4071.0
4100.1

week
average

Note: Special caution should be taken in inxerprei ing week^ to—week changes in noney supply data* which are highly volatile 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
Nontransact ions
component s

Other checkable deposits

1

Travelers
checks*

Demand ,
deposits3

At
commercial
banks*

At
thrift
.
institutions* ,

Total

In M3
only 7

General purpose
and broker/dealer
money market funds

Date

Currency

1989-MAY
JUNE

216.6
217.2

7.3
7.2

279.6
276.3

188.5
188.7

84.3
84.3

272.8
273.0

2309.1
2327.9

88012
883.3

261.2
268.3

JULY
AUG.
SEP.

217.8
218.6
219.3

7.2
7,2
7.2

279.6
278.5
278.1

189.8
191.1
192.4

84.6
85.0
86.0

274.5
276.0
278.4

2348.0
2366.5
2380.6

880.6
866.1
849,9

277.7
287.8
295.9

OCT.
NOV.
DEC.

220.0
220.4
221.9

7.3
7.4
7.4

280,0
278.8
279,7

194.2
195.9
197.9

86.6
86 y 9
87;8

280.8
282.8
285.7

2393.8
2411.8
2426.8

836.2
829.8
BZZ.6

302.7
309.0
312.4

1990-JAN.
FEB.
MAR.

224.6
226.6
228.4

7.5
7.6
7.6

277*1
280.2
279.3

198.0
199.3
201.0

285.4"
287.0
289.5

<*&*

88 TS

318.6
325.3
325.9

APR.
MAY
JUNE

230.1
231.6
233.4

7.6
7.7
7.7

277.8
274.5
274.5

202.8
203.2
205.7

89.0
88.3
88^

£93>8 ! ;

2470.0
24653
2469.2

?9!f.6
794.1
790.5

325.8
320.4
321.9

JULY
AUG.
SEP. P

235.4
238.3
241.5

7.7
8.0
8.3

274.8
278.0
279.9

204.0
204.4
205.9

87.3
87.5
87.1

291.3
291.9
292L.0

2474.7
2485.6
,2494.9

789.3
786.6
774.2

325.1
333.8
340.1

237.1
238.3
240.0

7.9
8.0
8.1

278.1
280.4
276.4

204.5
204.3
203.8

87.4
87.4
87.4

292.0
291.7
291.3

2483.3
2487.0
2487.9

786.6
732.5
787.0

332.4
333.5
338.4

240.1
240.4
241.3
242.5

8.2
8.2
8.2
8.3

278.4
278.5
279.1
279.3

205.8
206.1
204.9
204.9

87.5
87.6
87.1
86.8

293.2
293.7
292.0
291.7

2496.3
2496.7
2494.5
2494.2

784.9
780.1
777.8
769.2

339.0
339.7
339.7
340.6

243.1
242.5

8.3
8.3 e

282.6
278.5

207.8
206.7

87.0
85,9

294.8
292.5

2493.4
2503.7

763.6
766.5

341.1
343.5

in.a"
zn.s„

*

In

M2

*

2466.1

Meek ending
1990-AUG. 13
20
27
SEP.

3
10
17
24

OCT.

8p

Currency outside U.S. Treasury* Federal Reserve Banks and the vaults of depository institutions.
v
Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are
included in demand deposits.
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.
Consists of NOH and ATS balances at commercial banks, U.S. branches and agencies of foreign banks* and Edge Act corporations.
Consists of NOH and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
Sum of overnight RPs and Eurodollars, money market fund balances (general purpose and broker/dealer), MMOAs and savings 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 market fund balances (institution-only), less the estimated
m amount of overnight RPs and Eurodollars held by institution-only money market mutual funds. This sum is seasonally adjusted as a whole.
e—indicates estimat ed data,
p—indicates preliminary data.




H.6 (508)
Table 4-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
B i l l i o n s of d o l l a r s , seasonally adjusted

At
At
thrift
clomtnercial
banks
institutions

Date

Total

Small-denomination time deposits 2

Savings deposits i

Money msirket deposit accounts

At
At
thrift
commerciail
institutions
banks

Total

At
At
thrift
commercial
institutions
banks

Total

Large-denomination time deposits 3
At
At
commercial
thrift
institutions
banks 4

Total

1989-MAY
JUNE

331.7
331.0

131.^
130,0

463.1
460.9

183.1
182.3

222.3
221.1

405.4
403.4

497.3
501.8

605.7
612.2

1103.0
1114.0

395.7
397.1

177.4
177.8

573.1
574.9

JULY
AUG.
SEP.

333.9
337.9
340.8

130.1
130.4
131.0

463.9
468.2
471.9

183.0
183.9
184.9

220.3
220.0
220.6

403.3
404.0
405.5

505.8
510.4
513.3

616.6
619.6
619.2

1122.4
1130.0
1132.6

398.7
397.8
397.2

176.0
172.7
168.4

574.7
570.5
565.6

OCT.
NOV.
DEC.

343.7
348.5
351.5

131.6
132.3
132.2

475.3
480.8
483.7

185.9
187.3
188.5

220.3
220.5
220.5

406.1
407.9
409.0

519.7
524.4
528.6

616.2
614.1
613.7

1135.9
1138.5
1142.3

398.8
401.5
401.5

163.8
159.5
156.8

562.7
561.0
558.3

1990-JAN.
FEB.
MAR.

352.4
356.0
359.1

132.5
133.4
135.8

485.0
489.4
494.9

189.8
191.8
193.4

220.4
221.8
221.2

410.2
413.6
414.6

531.4
534.7
537.2

611.6
607.9
609.2

1143.0
1142.6
1146.4

401.6
399.9
396.9

152.9
150.2
147.3

554.5
550.1
544.1

APR.
MAY
JUNE

362.3
365.3
368.2

136.6
134.7
133.0

498.8
500.0
501.2

193.8
193.5
195.0

222.0
221.5
220.8

415.8
415.0
415.8

541.4
550.7
559.3

606.3
598.2
587.8

1147.7
1149.0
1147.1

395.2
397.1
397.9

143.1
138.3
134.9

538.3
535.4
532.8

JULY
AUG.
SEP. P

370.9
374.6
376.0

131.6
131.0
131.1

502.4
505.5
507.0

195.7
195.8
196.6

220,7
220.4
219.1

416.3
416.3
415.8

568.1
571.3
575.9

580.1
578.2
574.5

1148.2
1149.5
1150.4

399.7
396.4
392.0

130.8
127.7
124.9

530.5
524.1
516.9

373.7
376.3
37£.2

130.8
130.8
131.3

504.6
507.1
506.6

195.7
195.9
195.9

221.0
220.8
219.8

416.7
416.7
415.7

570.6
571.8
572.3

579.5
577.2
577.0

1150.1
1149.0
1149.3

397.2
396.8
395.2

128.4
127.1
126.6

525.6
523.9
521.8

3>5.8
376.8
375.9
375^8

131.5
131.4
131,5
130.9

507.3
508.3
507.4
506.7

196.3
196.3
196,5
196.5

219.9
219.5
219.5
218.9

416.1
415.8
416.1
415.4

572.0
573.7
575.9
576.7

577.2
576.5
575.3
574.4

1149.1
1150.2
1151.2
1151.1

393.7
393.9
394.7
391.3

126.7
126.5
125.3
123.9

520.5
520.4
520.0
515.2

375.4
37^.3

130.0
129.8

505.4
506.1

197.5
197.6

218.2
217.1

415.7
414.8

579.5
586.3

570.1
566.7

1149.6
1152.9

386.7
388.0

122.6
122.1

509.4
510.1

1.,
Si

Meek ending
1990-AUG. 13
20
27
SEP.

OCT.

3
10
17
24
lp
8p

Savings deposits exclude MMDAs.
1.
Small-denomination time deposits--including retail RPs—are those issued in amounts of less than $100,000. All IRA and Keogh account balances at
2.
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.
Large-denomination time deposits at commercial banks less those held by money market mutual funds, depository institutions, and foreign banks and
4.
official institutions,
p- •indicates preliminary data.




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
Institutiononly money
market funds

Date

Savings
bonds

Short-term
Treasury
securities1

Bankers
acceptances2

Commercial
paper 3

Federal
debt

Non-Federal
debt

1989-MAY
JUNE

92.1
96.3

112.8
113.6

293.5
295.2

41.2
41.2

348.8
349.4

2165.6
2176.9

7238.1
7280.9

JULY
AUG.
SEP.

99.0
101.4
101.6

114.3
115.0
115.7

297.2
300.2
311.3

41.9
42.6
41.0

349.5
354.3
350.3

2179.3
2197.7
2219.1

7327.3
7372.2
7408.7

OCT.
NOV.
DEC.

101.1
101.1
102.3

116.2
116.8
117.5

317.4
318.6
330.3

40.0
40.5
41.2

350.0
351.3
347.9

2238.0
2259.9
2266.7

7449.4
7490.4
7522.2

1990-JAN.
FEB.
MAR.

103.2
103.7
105.4

117.7
118.2
119.1

332.3
324.9
338.9

40.7
38.3
37.0

343.3
344.7
342.7

2274.5
2290.5
2314.9

7554.8
7596.7
7640.2

APR.
MAY
JUNE

106.8
107.3
107.3

119.9
120.7
121.5

330.3
316.5
332.2

35.8
35.3
34.6

357.5
349.6
349.4

2329.1
2343.0
2370.9

7681.5
7710.5
7737.8

JULY
AUG.
SEP. P

108.9
114.0
116.1

122.4
123.2 p

341.3
342.2 p

32.8
32.2 p

348.7
342.9 p

2397.8
2436.0 p

7772.3
7808.0 p

Neek ending
1990-AUG. 13
20
27
SEP.

OCT.

3
10
17
24
lp
8p

1.

113.2
115.4
114.9
115.5
115.5
116.1
117.4
115.5
118.3

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.
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.
2.






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H.6 (508)
Table 5-continued

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

At
At
<commercial
thrift
banks
institutions

Date

Total

Small-denomination time deposits 2

Savings deposits3

Money'market deposit accounts

At
At
commerciail
thrift
institutions
banks

Total

At
At
commercial
thrift
banks
institutions

Total

Large-denomination time deposits 3
At
At
~
commercial
thrift
banks 4
institutions

Total

1989-MAY
JUNE

328.0
329.0

130.7
129.6

458.8
458.6

183.7
183.5

222.7
222.7

406.4
406.2

496.0
502.5

603.8
611.0

1099.8
1113.5

396.1
396.4

176.4
176.1

572.5
572.6

JULY
AUG.
SEP.

331.5
336.4
339.6

129.8
130.6
131.1

461.4
467.0
470.6

184.7
184.4
184.4

222.7
220.5
220.3

407.3
404.9
404.6

507.1
511.3
513.9

618.0
619.9
618.2

1125.1
1131.2
1132.1

396.5
398.4
398.6

174.2
172.0
168.8

570.7
570.4
567.4

OCT.
NOV.
DEC.

342.7
350.3
355.0

131.8
132.8
132.8

474.6
483.1
487.8

185,9
187.1
187.2

221.3
220.5
219.0

407.2
407.6
406.2

519.2
523.1
526.4

616.3
614.2
612.3

1135.5
1137.3
1138.8

399.9
401.9
399.8

165.5
161.7
158.3

565.4
563.6
558.1

1990-JAN.
FEB.
MAR.

356.3
357.7
360.8

132.9
133.3
136.1

489.3
491.1
496.9

189.0
190.5
193.2

218.8
219.5
220.9

407.7
410.0
414.1

530.8
535.2
538.3

613.7
610.1
608.5

1144.5
1145.3
1146.8

399.3
399.7
399.7

154.1
150.6
146.4

553.4
550.2
546.1

APR.
MAY
JUNE

362.4
361.0
365.8

135.9
133.8
132.5

498.3
494.8
498.2

194.2
194.1
196.1

222.4
221.8
222.3

416.6
415,9
418.4

541.7
549.7
560.4

606.0
596.5
586.8

1147.7
1146.2
1147.2

395.2
397.6
397.4

141.7
137.6
133.6

536.9
535.1
531.0

JULY
AUG.
SEP. P

368.1
372.9
374.4

131.2
131.1
131.1

499.3
504.0
505.5

197.3
196.3
196.1

223.0
220.9
218.9

420.4
417.3
414.9

569.6
572.3
576.4

581.6
578.6
573.5

1151.2
1150.9
1149.9

397.5
397.0
393.4

129.5
127.1
125.1

527.0
524.1
518.5

372.2
374.5
373.3

131.2
130.9
131.2

503.5
505.4
504.6

196.7
196.4
195.9

222.3
221.3
219.3

419.0
417.7
415.2

571.8
572.7
573.0

580.2
577.6
576.9

1152.0
1150.3
1149.8

397.3
397.4
397.2

127.6
126.6
126.4

524.9
524.0
523.6

374.7
377.2
375.5
372.3

131.7
132.0
131.6
130.5

506.4
509.2
507.1
502.8

195.8
196.3
196.0
195.6

219.4
219.7
219.4
218.1

415.2
415.9
415.4
413.7

572.9
574.3
576.0
576.8

577.0
575.6
573.6
572.2

1149.9
1149.9
1149.5
1149.0

395.4
394.8
395.0
392.8

126.5
126.1
125.3
124.2

521.9
520.9
520.3
517.0

372.4
375.0

129.7
130.2

502.1
505.2

196.5
198.2

218.0
219.2

414.5
417.3

580.5
586.8

570.8
567.5

1151.3
1154.2

389.5
390.2

124.0 .
123.1

513.4
513.3

Week ending
1990-AUG. 13
20
27
SEP.

OCT.

3
10
17
24
IP
8p

1.
2.

Savings deposits exclude MMDAs.
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.
Largeydenomination 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 ( 5 0 8 )
Table 5-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions

of

dollars>

not seasonally

Term R P s 1
InstitutionAt
At
o n l y money c o m m e r c i a l
thrift
market funds
banks
institutions

Date

9

adjusted

Non-MS Components o f

Total

Term
Eurodollars2

Debt components 6

L

Savings
bonds

Short-term
Treasury
securities^

Bankers
acceptances4

Commercial
paper 5

Federal
debt

Non-Federal
debt

1989-MAY
JUNE

91.6
95.1

43.7
43.7

83.8
84.7

127.5
128.4

97.2 ~
93.4

113.0
113.7

289.1
288.1

41.2
41.5

356.2
355.4

2159.5
2165.1

7198.6
7248.8

JULY
AUG.
SEP.

98.2
100.6
99.2

45.1
45.4
47.9

79.0
72.2
66.0

124.1
117.6
113.9

91.8
89.8
85.5

114.2
114.7
115.4

288.4
296.6
311.8

42.2
42,7
41.6

348.8
353.1
348.0

2163.8
2179.9
2201.3

7296.1
7335.9
7375.7

OCT.
NOV.
DEC.

98.7
102.1
102.9

48.5
50.0
45.9

61.2
58.9
51.0

109.6
108.9
96.9

80.1
79.3
81.1

116.0
116.6
117.3

321.4
325.6
336.8

40.4
41.0
41.7

345.8
343.3
344.7

2223.0
2251.2
2264.5

7423.9
7466.5
7509.8

1990-JAN,
FEB.
MAR.

106.0
107.0
106.8

47.5
51.6
50.1

46.1
45.4
45.0

93.6
96.9
95.2

74.0
68.5
66.8

118.0
118.5
119.4

338.2
329.2
337.7

40.4
37.5
36.1

347.3
347.6
343.8

2276.1
2293.9
2317.9

7543.0
7563.0
7594.3

APR.
MAY
JUNE

105.8
106.7
106.1

49.6
50.1
53.4

45.2
45.7
45.4

94.8
95.8
98.7

65.6
67.4
64.6

120.2
120.9
121.6

329.3
311.8
323.9

35.3
35.2
34.9

355.4
357.6
355.4

2329.2
2336.8
2359.0

7636.1
7670.9
77?06.0 .

JULY
AUG.
SEP.
p

108.1
113.2
113.2

53.6
55.9
52.3

43.5
43.1
43.2

97.1
99.0
95.6

64.6
66.3
66,2

122.2
122.8 p

330.8
338.1 p

33.0
32.3 p

348.2
341.7 p

2382.4
2418.2 p

7742.2
7772.5 p

112.7
113.8
114.6
113.6
113.0
112.9
113.4

54.7
54.4
56.8

42.9
43.2
42.9

99.6
97.6
99.7

63.7
66.2
66.5

56.3
53.3
53.9
51.6

43.
43.
43,
42,

100.1
96.7
96.9
94.3

68.1
67.4
66.5
65.1

113,
114.

48.3
48.5

43.
43.

91.9
91.6

64.9
64.9

Meek ending
1990-AUG. 13
20
27
SEP.

OCT.

3
10
17
24
lp
8p

Afl'.-•«<».

Term RPs are those with original maturities greater than one day*:excluding continuing contracts and retail RPs*
^by ""foreign, Branches of U.S. banks
and money-market mutual funds,
tory institutions> Federal
4.

Net of bankers acceptances held by accepting banks, Federal Reserve Banks, foreign official institutions, FederalHome Toah^Barfcsviand money market
mutual funds* •«• * •'*'*§: «
•* •* " *^ -•*
* * ^
5.
Total commercial paper less commercial paper held by money market mutual funds.
6.
Debt data are-r
v monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusJted J ^ ^ ^
p-""indicates preiriBUi • ~ y data.




H.6 (508)
Tabla 6

MEMORANDUM ITEMS

10

Billions of dollars* not seasonally adjusted
Demand deposits
at banks due to
Foreign
Foreign
official
<commercial
institutions
banks

Data

IRA and Keogh Accounts

U.S. government deposits
Time and savinos
deposits due to
foreign banks
deposits at
and official
commercial
institutions
banks

Balance
Note balances
at
Federal at depository
Reserve institutions

Time and
savinos
deposits
Total
At
at commercial commercial
thrift
cash
banks
banks
institutions
balance

A*
market
funis

Total

1989-MAY
JUNE

8.9
10.0

1.6
1.7

4.0

3.3
4.6

14.1
9.7

31.0
21.6

48.5
35.8

1.4
1.4

101.8
102.8

128.6
130.0

23.6
23.8

254.0
256.5

JULY
AUG.
SEP.

10.0
8.9
9.4

1.7
X.6
1.7

3.7
3.7
$.7

3.4
3.2
5.5

6.4
5.4
7.8

19.6
12.7
19.4

29.4
21.2
32.6

1.4
1.3
1.3

104.1
105.3
106.0

131.2
131.4
132.2

24.7
24.8
26.4

260.0
261.5
264.6

OCT.
NOV.
DEC.

9.9
9.4
9.7

1.7
1.5
1.5

3.7
3.7
3.6

3.3
3.5
5.2

5.9
5.2
4.8

17.4
11.2
14.4

26.5
19.9
24.5

1.4
1.4
1.4

107.3
108.0
108.7

132.5
132.3
133.3

27.1
27.5
28.0

266.9
267.8
270.0

1990-JAN.
FEB.
MAR.

9.8
9.1
9.0

1.6
1.6
1.6

3.6
3.6
3.6

4.4
3.5
3.6

6.0
6.2
5.3

18.8
18.5
13.1

29.1
28.2
22.0

1.4
1.3
1.3

110.3
111.9
113.3

133.9
133.9
133.9

29^6
31.2
31.7

273.8
277.0
278.9

APR.
MAY
JUNE

9.1
9.3
9.0

1.5
1.8
1.5

3.6
3.6
3.6

5.1
3.4
5.5

4.4
5.1
5.0

14.9
21.8
15.4

24.4
30.3
25.9

1.3
1.3
1.3

115.6
117.7
119.5

134.7
135.3 e
135.5 e

32.2
32.6 a
32.7 a

282.5
285.6 a
287.7 a

JULY
AUG.
SEP. P

8.9
9.1
9.3

1.5
1.8
2.0

3.5
3.5
3.5

3.4
3.8
5.1

5.4
5.4
6.4

11.9
19.7
25.9

20.6
28.9
37.4

1.3
1.4
1.2

121.1
122.6
123.9

135.9 e
136.1 e
136.2 e

32.8 a
32.8 a
32.9 a

289.8 a
291.6 a
293.1 a

8.0
9.3
9.4

1.5
2.3
1.7

3.5
3.5
3.5

2.9
3.8
3.0

5.3
5.5
5.1

15.1
22.0
27.2

23.4
31.3
35.3

1.3
1.3
1.3

9.2
9.7
9.2
8.8

1.7
2.3
1.8
1.9

3.5
3.5
3.5
3.5

3.5
4.4
7.7
4.7

5.0
5.3
4.6
9.5

22.7
18.2
22.8
33.8

31.2
27.9
35.0
48.0

1.3
1.2
1.2
1.2

9.6
9.4

2.2
1.6

3.5
3.9

4.3
3.1

7.0
5.7

30.9
10.7

42.2
19.5

1.2
1.5

NaaK ending
1990-AUG. 13
20
27
SEP.

3
10
17
24

OCT.
*P

1

a—Indicates estimated data,
p—indicates preliminary data.




i

•

•

H.6 (508)
Special Supplementary Table

Monthly Survey of Selected Deposits
August 29, 1990 and September 26, 19901
(not seasonally adjusted)

Insured Commercial Banks
Average Rate Paid (%)
Amount Outstanding ($mil)
Change
Change
September 26
August 29
(bp)
August 29 September 26 (pereent)

Liability Categories

196,856

196,258

-0.30

4.99

4.97

Personal

258,016

256,527

-0.58

6.23

6.19

-4

Non personal

112,578

111,624

-0.85

6.10

6.08

-2

194,113

193,168

-0.49

5.50

5.49

-1

50,709

51,226

1.02

7.34

7.30

-4

92 to 182 days

160,131

162,020

1.18

7.64

7.58

-6

183 days to 1 year

210,097

209,841

-0.12

7.76

7.72

-4

1 to 2-1/2 years

138,841

141,963

2.25

7.86

7.83

-3

2-1/2 years and over

138,389

139,688

0.94

7.89

7.88

-1

123.206

124,433

1.00

N.A.

N.A.

N.A.

NOW Accounts
Money market deposit accounts

Savings deposits
Interest-bearing time deposits
with balances of less than
$100,000 with original
maturities of:
7 to 91 days

All IRA/Keogh Plan deposits

2

FDlC-insured Savings Banks3
Liability Categories
NOW Accounts
Money market deposit accounts
Personal
Non personal
Savings deposits
Interest-bearing time deposits
with balances of less than
$100,000 with original
maturities of:
7 to 91 days

Amount Outstanding fSmih
Change
August 29 September 26 CnercenO

Average Rate Paid (%)
Change
August 29

September 26

7,780

7,781

0.01

5.47

5.49

2

24,116

24,059

-0.24

6.86

6.85

-1

1,610

1,630

1.24

6.48

6.44

-4

39,076

39,032

-0.11

5.65

5.66

1

5.109

5.265

3.05

8.06

8.01

_5

92 to 182 days

26.514

26.400

-0.43

8.15

8.10

-5

183 days to 1 year

36.997

37.401

1.09

8.24

8.21

-3

1 to 2-1/2 years

24.662

25.045

1.55

8.39

8.29

-10

2-1/2 years and over

21.065

20.939

-0.60

8.44

8.40

-4

22.953

23.137

0.80

N.A.

N.A.

N.A.

All IRA/Keogh Plan deposits2

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 500 commercial banks and
80 savings banks. All rates are expressed as annual effective yields.
2. Total IRA and Keogh Plan deposits regardless of size, type of instrument in which held, or interest rate paid.
3.
FDIC-insured savings banks include both mutual and federal savings banks.