Full text of H.6 Money Stock Measures : October 20, 1988

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*.C* COw>

FEDERAL RESERVE statistical release
H.6 (50ft)
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

OCTOBER 20, 1988

Billions of dollars
Data

M1J

M2 2

M3 3

Debt5

Seasonally adjusted
1986-OCT.
NOV.
DEC.

69*.9
706.4
725.4

2766.0
2782.6
2807.7

3448.4
3464.1
3490.8

4083.7
4104.8
4134.3

7405.3
7482.0
7572.7

1987-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

731.4
731.3
734.2
744.7
746.5
742.1
743.6
746.5
747.5
756.2
752.7
750.8

2827.
2829.
2834.
2847.
2849.
2851.
2858.
2869.
2880.8
2894.5
2896.5
2901.0

3515.6
3524.5
3533.2
3550.5
3565.2
3581.1
3588.8
3607.1
3622.6
3644.5
3659.5
3664.2

4163.2
4175.8
4174.6
4190.
4218.
4233.
4236.
4259.
4285.
4314.
4326.
4327.

7638.8
7680.7
7729.0
7790.9
7856.8
7916.0
7960..3
8015..4
8080..6
8149..7
8226..2
8279..3

1988-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP. p

758.8
759.5
762.9
770.1
770.2
776.5
782.4
782.5
782.5

2925.
2946.
2967.
2990.
3002.
3016.
3025.
3031.
3035.

3690.
3722.
3747.
3771.
3788.
3812.
3833.
3845.
3851.

4364.1
4395.5
4421.8
4464.4
4494.7
4508.7
4551.0
4570.9

8324.0
8380.2
8443.0
8502.3
8561.1
8619.3
8673.6
8727.1

Not seasonally adjusted
1986-OCT.
NOV.
DEC.

692.8
709.5
740.6

2765.9
2785.7
2821.4

3448.4
3470.6
3507.6

4083.2
4113.0
4152.3

7375.4
7449.2
7556.6

1987-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP.
OCT.
NOV.
DEC.

737.5
717.1
723.5
752.5
739.9
744.4
746.8
745.0
745.2
753.7
756.0
765.9

2839.8
2817.1
2826.4
2854.9
2835.8
2849.9
2862.4
2868.0
2875.8
2895.1
2899.9
2914.7

3527.8
3513.0
3526.9
3555.7
3553.4
3577.1
3586.8
3604..4
3620..5
3644..5
3666..8
3680.8

4181.1
4171.1
4174.0
4192.0
4201.8
4230.0
4227.8
4252.2
4280.7
4315.0
4335.8
4345.1

7621.7
7645.3
7693.3
7755.1
7820.4
7884.5
7932.7
7986.6
8052.1
8120.2
8192.3
8261.2

1988-JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEP. p

764.7
745.0
752.1
778.3
763.8
778.8
785.6
781.3
779.9

2937.4
2933.6
2958.9
2998.5
2988.4
3014.3
3030.5
3030.9
3030.3

3702.7
3711.1
3740.9
3775.9
3775.5
3807.5
3831.0
3843.2
3849.8

4382.7
4391.1
4420.3
4464.8
4477.3
4505.2
4540.4
4563.0 p

8306.3
8343.8
8405.8
8465.7
8523.7
8586.5
8638.4
8684.0

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




H.6 (508)
Table 2

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

Ml

M2

M3

Debt 1

3.1

2.5

4.1

7.8

6 Months from MAR. 1988 TO SEP. 1988

5.1

4.6

5.5

8.3

12 Months from SEP. 1987 TO SEP. 1988

4.7

5.4

6.3

8.9

3 Months from JUNE 1988 to SEP. 1988

Thirteen weeks ending OCTOBER 10j 1988
from thirteen weeks ending:

JULY 11, 1988 (13 weeks previous)

4.5

3.2

5.2

APR. 11, 1988 (26 weeks previous)

5.5

5.2

6.2

OCT. 12, 1987 (52 weeks previous)

4.8

5.5

6.5

1.

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely.
May 1988 to August 1988, February 1988 to August 1988, and August 1987 to August 1988, respectively.
Footnotes to Table 1

1.

2.

3.

4.
5.

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 share 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 commercial banks and overnight Eurodollars issued
to U.S. residents by foreign branches of U.S. banks worldwide, money market deposit accounts (MMOAs), savings and smalldenomination 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 large-denomination time deposits (in amounts of $100,000 or more) and term RP liabilities issued
by commercial banks and thrift 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 foreion 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
Dvernments 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 nonfinaneia
Dial
sectors are presented in month-average 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.

f




H.6 (508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted

Period ending

13-week
average

4-week
average

1988-JULY 18
25

775.3
775.6

780.7
781.4

M3

M2

Ml
13-week
average

4-week
average

781.5
781.8

3010.3
3012.6

3023.0
3024.3

week
average

week
average

13-week
average

4-week
average

3023.2
3023.8

3802.9
3807.8

3826.4
3830.5

3833.6
3836.5

week
average

AUG.

1
8
15
22
29

776.2
777.2
778.1
779.2
780.1

783.1
782.5
782.2
782.5
782.1

784.3
782.2
780.3
783.3
782.7

3015.3
3017.8
3020.1
3022.3
3024.3

3026.0
3026.5
3027.8
3030.4
3031.4

3029.7
3029.3
3028.5
3034.0
3033.9

3812.7
3817.3
3821.8
3826.0
3830.1

3835.9
3839.2
3841.1
3843.7
3845.5

3841.8
3844.7
3841.5
3846.6
3849.3

SEP.

5
12
19
26

780.8
781.6
782.1
782.5

782.4
782.9
783.2
783.6

783.1
782.4
784.7
784.1

3025.9
3027.9
3029.5
3030.7

3033.2
3035.8
3036.7
3036.8

3036.5
3038.6
3037.9
3034.1

3833.4
3837.0
3840.1
3842.4

3846.4
3849.1
3851.2
3851.3

3848.3
3852.2
3854.8
3849.9

OCT.

3p
lOp

782.9
782.9

783.4
783.9

782.3
784.5

3031.4
3032.0

3035.4
3034.6

3031.0
3035.5

3845.1
3847.7

3853.3
3856.3

3856.1
3864.4

Not seasonally adjusted
Ml

Period ending

13-week
average

4-week
average

1988-JULY 18
25

775.4
775.3

785.1
787.2

M2
week
average

13-week
average

4-week
average

786.3
772.9

3006.1
3008.3

3025.7
3030.8

M3
week
average

13-week
average

4-week
average

week
average

3030.8
3017.4

3796.3
3800.9

3822.2
3829.4

3832.1
3823.6

AUG.

1
8
15
22
29

776.3
778.0
779.5
781.1
782.0

784.2
782.3
782.4
783.6
781.1

777.9
792.0
786.9
777.7
767.7

3011.9
3016.1
3019.7
3023.0
3025.4

3029.3
3028.5
3030.1
3033.0
3031.1

3024.9
3040.9
3037.2
3029.0
3017.1

3806.5
3812.6
3818.2
3823.2
3827.3

3831.7
3835.1
3839.1
3843.1
3843.5

3832.4
3852.3
3848.0
3839.5
3834.0

SEP.

5
12
19
26

782.1
782.8
782.9
782.8

780.1
781.4
782.6
781.4

788.2
791.9
782.5
763.1

3026.3
3028.2
3029.6
3030.6

3030.3
3032.4
3033.1
3031.4

3037.9
3045.4
3032.1
3010.0

3830.3
3833.9
3837.2
3840.2

3843.8
3847.1
3849.9
3849.7

3853.5
3861.2
3850.7
3833.5

OCT.

3p
lOp

781.9
781.0

778.8
777.8

777.5
788.1

3030.5
3030.5

3029.5
3029.0

3030.5
3043.5

3842.7
3845.3

3850.3
3853.2

3855.9
3872.7

Note: Special caution should be taken in interpreting week-to-week changes in money supply data, which are highly volatile and subject to
revision.
p—indicates preliminary data.




H.6 ( 5 0 8 )
Tabla 4

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Billions of dollars*

seasonally

4

adjusted

Nontransact ions
components

Currency

Date

x

Travelers
checks*

deposits

3

Other,
checkable4
deposits

5

Savings deposits 7

I n M2

I n M3
only1

At
commercial
banks

At
thrift
institutions

Small time deposi t s «

Total

At
commercial
banks

At
thrift
institutions

Total

1987-MAY
JUNE

187.0
187.8

6.7
6.8

298.9
293.3

253.9
254.3

2102.5
2109.4

716.2
729.6

174.0
175.3

235.5
237.8

409.5
413.1

359.0
361.6

487.0
490.5

845.9
852.1

JULY
AUG.
SEP.

189.0
190.2
191.4

6.8
6.9
7.0

292.3
292.1
290.5

255.6
257.2
258.6

2114.3
2122.9
2133.3

730.9
737.8
741.8

176.9
178.3
178.7

238.7
239.5
240.0

415.5
417.8
418.6

364.4
366.7
368.3

494.7
499.1
503.8

859.1
865.9
872.1

OCT.
NOV.
DEC.

193.1
195.0
196.5

7.0
7.0
7.1

295.9
291.3
288.0

260.3
259.5
259.3

2138.3
2143.7
2150.2

750.0
763.0
763.2

178.4
178.2
178.2

238.6
236.8
236.0

417.0
415.0
414.3

374.2
381.6
384.6

509.1
520.1
528.5

883.3
901.7
913.1

1988-JAN.
FEB.
MAR.

198.4
199.3
200.9

7.2
7.3
7.3

289.9
287.8
287.9

263.3
265.0
266.9

2166.3
2186.8
2204.6

765.1
776.3
780.2

179.0
181.0
183.2

235.3
235.2
236.6

414.4
416.2
419.8

388.0
393.7
397.5

536.6
547.8
556.0

924.6
941.5
953.5

APR.
MAY
JUNE

202.5
203.6
204.9

7.3
7.4
7.3

290.2
287.4
289.9

270.1
271.9
274.4

2220.8
2232.0
2240.0

780.2
785.8
795.6

184.2
186.0
188.0

238.6
239.2
241.0

422.7
425.1
429.0

402.5
404.7
406.8

562.3
567.3
568.1

964.8
972.0
974.9

JULY
AUG.
SEP. P

206.3
207.2
208.5

7.2
7.2
7.3

290.6
290.0
288.4

278.3
278.1
278.3

2243.5
2249.3
2252.6

807.8
813.8
816.1

189.5
190.6
190.3

242.3
243.2
242.6

431.8
433.8
432.9

409.8
414.1
420.8

568.7
571.6
577.2

978.5
985.7
998.0

Meek e n d i n g
1988-AUG.

15
22
29

206.7
207.3
208.0

7.2
7.2
7.2

288.6
290.7
289.3

277.8
278.0
278.2

2248.3
2250.7
2251.2

812.9
812.7
815.4

190.7
190.8
190.6

243.4
243.5
243.3

434.1
434.3
433.9

413.6
414.6
415.4

571.3
571.6
572.6

984.9
986.2
988.0

SEP.

5
12
19
26

207.5
207.8
208.7
209.6

7.3
7.3
7.3
7.3

291.2
289.2
289.7
287.8

277.1
278.1
279.1
279.5

2253.5
2256.3
2253.1
2250.0

811.8
813.5
817.0
815.8

190.6
190.4
190.2
190.3

243.2
243.2
242.8
242.3

433.8
433.6
433.0
432.6

416.2
419.1
421.3
422.9

574.1
575.9
578.0
578.6

990.2
995.0
999.3
1001.5

OCT.

3p
lOp

209.0
208.7

7.3
7.3 e

288.8
290.0

277.1
278.5

2248.7
2251.0

825.1
828.9

190.0
189.7

241.3
240.7

431.2
430.4

425.3
427.0

579.3
580.9

1004.6
1007.9

1.
2.

Currency outside U.S. Treasury* Federal Reserve Banks and tha vaults of dapository institutions.
Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuars. 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.
4.
Consists of NOW and ATS balances at all depository institutions, credit union share draft balances and demand deposits at thrift institutions.
5.
Sum of overnight RPs and overnight Eurodollars, money market fund balances (general purpose and broker/dealer), HMO As, and savings and small time
deposits. This sum is seasonally adjusted as a whole.
6.
Sum of large time deposits, term RPs and term Eurodollars of U.S. residents, money market fund balancas (institution-only), less the estimated
amount of overnight RPs and Eurodollars held by institution-only money market funds. This sum is seasonally adjusted as a whole.
7.
Savings deposits exclude HMDAs.
8.
Small denomination time deposits—including retail RPs—are those issued in amounts of less than $100,000. All IRA and Kaogh account balances et
commercial banks and thrifts are subtracted from small tima deposits.
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
Large tine deposits1
Savings
Total

bono?

Short-tem
Treasury
securities3

Bankers
acceptances4

145.9
146.7

454.0
458.6

95.9
96.6

261.6
259.6

42.1
43.1

312.2
312.8
313.8

148.0
149.6
151.5

460.2
462.4
465.3

97.5
98.1
98.4

254.8
258.9
263.7

OCT.
NOV.
OEC.

317.5
322.3
323.5

154.8
158.1
161.2

472.3
480.5
484.7

98.8
99.3
100.2

1988-JAN.
FEB.
MAR.

320.2
324.8
326.3

162.5
163.8
164.0

482.6
488.6
490.3

APR.
HAY
JUNE

325.7
327.8
334.2

166.4
167.6
167.6

JULY
AUG.
SEP. P

341.2
347.0
352.3

Date

At
somnercial
banks 2

1987-MAY
JUNE

308.1
311.9

JULY
AUG.
SEP.

At
thrift
institutions

Debt components4

Non-H3 components of L

Federal
debt

Non-federal
debt

253.7
252.8

1874.3
1886.7

5982.5
6029.3

43.4
43.5
44.3

251.8
251.8
256.6

1891.6
1909.0
1922.2

6068.7
6106.4
6158.4

272.7
269.7
258.0

44.5
45.0
45.7

254.2
252.5
258.9

1928.7
1946.4
1956.1

6221.1
6279.8
6323.2

101.4
102.6
103.5

259.9
255.4
249.6

43.6
40.9
40.6

269.0
274.1
280.3

1962.6
1980.0
2004.9

6361.4
6400.3
6438.1

492.1
495.4
501.7

104.6
105.4
106.1

259.3
259.2
248.6

41.2
40.9
40.6

288.2
301.1
301.2

2016.8
2021.6
2031.7

6485.5
6539.3
6587.6

167.9
167.9
171.0

509.2
514.8
523.3

106.9
107.4 p

258.3
264.4 p

40.6
41.1 p

311.5
312.5 p

2039.3
2051.9 p

6634.3
6675.2 p

346.7
347.3
349.5

167.3
167.7
168.5

514.0
515.0
518.0

Commercial
paper5

Meek ending
1988-AUG. 15
22
29

1.

SEP.

5
12
19
26

349.5
352.7
352.4
353.0

169.8
171.1
171.4
171.1

519.3
523.7
523.8
524.0

OCT.

3p
lOp

354.0
356.6

171.4
173.1

525.5
529.7

L^rge denomination tine deposits ere those issued in amounts of $100*000 or more, excluding those booked et international banking

2.

Large denomination tine deposits at commercial banks less those held by money market mutual funds* depository institutions end
foreign banks end officiel institutions.
. . . . . . .
3.
Consists of U.S. Treasury bills and coupons with remaining maturities of less than 12 months held by other then depository
institutions* Federal Reserve Banks* money market mutual funds and foreign entities.
4.
Net of bankers acceptances held by accepting banks, Federal Reserve Banks* foreign officiel institutions* Federal Home Loan Banks*
and r»oney market mutual funds.
5.
Total commercial paper less commercial paper held by money market mutual funds.
*
Oebt 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 date.




H.6 (5081
Tabla 5

COMPONENTS CF MONEY STOCK. LIQUID ASSETS, AND DEBT
Billions of dollars* not saasonally adjusted:
nonrenalwaotions
ments
* » -

Othar chackabla daposita
At
oonsareial
Travelers
banks*
checks* deposits*
Currency
1

Oat©

—

* •

U&L,

Total

In H 2 4

In N3
only 7

Overnight
RPs*

Overnight*
Eurodollars9

Canaral purpose
and broker/deeler
aoney aarket funds

20.9
20.0

209.9
210.6

1967-HAY
JUNE
JULY
AUG.
SEP.

187.0
188.6

6.5
7.1

294.1
294.4

172.0
173.4

80.2
81.0

252.3
254.3

2096.0
2105.4

717.5
727.2

55.1
54.7

190.5
190.9
190.9

7.7
7.9
7.6

294.3
290.7
289.3

173.3
174.9
176.6

8:2

2115.6
2123.0
2130.6

724.4
736.4
744.6

56.7
61.2
62.2

16.7
18.4
21.1

210.6
213.1
216.3

OCT.
NOV.
DEC*

192.6
195.9
199.4

7.0
6.6
6.5

295.7
294.1
298.5

177.0
178.0
180.3

80.9
81.5
81.4
81.2

254.3
255.6
257.5
258.5
259.3
261.6

2141.4
2144.0
2148.8

749.4
766.8
766.1

65.0
63.1
61.9

20.9
16.5
16.0

218.2
219.7
221.1

1968-JAM.
FEB.
NAR.

197.1
197.2
199.2

6.6
6.8
6.9

295.8
279.1
279.9

184.1
181.8
184.0

81.1
88.1
82.2

265.2
261.8*
266.1

2172.7
2188.6
2206.8

765.3
777.5
782.0

64.5
61.6
60.2

16.4
16.4
14.6

225.0
231.0
234.6

APR.
HAY
JUNE

201.6
203.6
205,3

6.9
7.1
7.6

292.0
282.9
291.0

190.9
184.9
187.3

86.8
85.2
87.1

277.8
270.2
274.4

2220.2
2224.6
2235.6

777.4
787.2
793.2

60.7
63.6
63.9

15.4
17.2
17.1

235.8
231.8
228.9

JULY
AUG.
SEP. P

207.9
207.9
207.9

8.2
8.2
7.9

292.6
288.7
287.0

188.4
188.6
189.5

88.4
87.9
87.6

276.8
276.4
277.1

2244.9
2249.7
2250.3

800.6
812.3
819.5

62.3
64.7
63.6

15.7
15.7
14.3

229.6
230.8
230.9

208.7
207.9
206.4

8.2
8.2
8,1

292.0
286.7
281.5

189.2
187.9
186.1

88.7
87.0
85.6

278.0
274.9
271.7

2250.4
2251.3
2249.4

610.8
610.4
616.9

64.6
65.2
65.2

15.4
15.5
16.3

229.7
232.6
232.3

'

HaaK ending
1988-AUG. 15
22
29

1.
2.
3.
4.
5.
6.
7.
8#

SEP.

5
12
19
26

209.0
208.8
207.7
206.7

8.0
7.9
7.8
7.7

290.5
292.0
288.6
278.7

191.6
193.3
190.6
184.9

89.0
89.9
87.8
84.9

280.6
283.2
278.4
269.9

2249.7
2253.4
2249.6
2246.9

615.6
615.6
616.6
623.5

64.7
63.9
63.2
63.6

14.4
15.2
13.9
13.4

231.0
231.2
230.9
230.9

GCT.

3p
lOp

207.1
210.3

7.6
7.5 ©

290.0
290.2

186.4
190.8

86.4
69.2

272.8
280.0

2253.1
2255.4

625.4
629.2

62.5
61.5

14.9
11.2

230.3
230.1

Currancy outsida U.S. Treasury* Fadaral Rasarva Banks and tha vaults of dapository institutions.
Outstanding amount of U.S. dollar-denoainated travalars chacks of nonbank issuers. Travalars checks issuad by dapository institutions ara
included in deaend deposits.
Daaiand deposit* *S coaaarcial.banks and.foreign-releted institutions othar than those due to dapository institutions* tha U.S. govarnaant
and foreign bar&s and official institutionsf lass cash iteas in tha process of collection and Fadaral Rasarva float.
Consists of N0H and ATS balances at coaaarcial banks> U.S. branches and agencies of foreign banks» and Edge Act corporations.
Consists of *OH and ATS balances at thrifts, credit union share draft balances, and deaend oaposite^it thrifts: o o r p o r a x i o n s Sua of ovsrnioht RPs and Eurodollars, aoney aarket fund be lances. Iganeral purposa and ^broker/dealer), HHDAs and savings and saall tiae deposits.
Sua of large tie* aaposits, tore RPs end Eurodollars.of U.S. residents, aonay aarket fund balances I institution-only I, less the estiaeteaT
aaount of overnight RPa and Eurodollars held by institution-only aoney aarket autual funds.
SPTi* 5 ^* o f «Y # r n i l^* sw^d coritinuina contract RPs issued by coaaarcial banks to othar than dapository institutions end aonay aarket autual

9.

Issujd by foreign branches of U.S. banks worldwide to U.S. residents other than depository institutions and aoney aarket autual funds
(general purpose end broker/dealer I.
e — i dicetes estLasted date,
p—indicates preliminary dete.




H.6 15081
Tab l a 5~c*§fttinuad

COMPONENTS OF MONEY STOCK. LIQUID ASSETS, AND DEBT
Billions of cellars, not seasonally adjus tad
Savings daposits 1

Monay eoarkat d e p o s i t accounts

At

"it

ccra&*rcial
thrift
banks
institutions

Data

Total

At
At
thrift
co—arcial
institutions
banks

Small-danoMirtation t i n a daposits 2
Total

At
At
coanarcial
thrift
banks
institutions

Total

Larga-danosiination t i n a daposits 3
At
At
coanarcial
thrift
banks 4
institutions

Total

1987-MAY
JtAfig

369.7
5 3.5

188.9
186.6

558.6
555.1

175.0
176.8

237.4
240.4

412.4
417.3

356.2
360.4

483.0
487.4

839.1
847.8

308.7
311.2

145.1
145.7

453.7
457.0

JULY
AUG.
SEP.

366.2
365.0
363.3

183.3
180.0
177.2

549.4
545.0
540.5

178.7
178.5
178.2

241.8
240.0
239.2

420.5
418.5
417.3

364.9
367.9
370.0

494.7
499.0
503.2

859.6
866.8
873.2

309.7
312.3
314.1

146.8
149.4
151.8

456.5
461.7
465.9

OCT.
NOV.
DEC.

360.0
358.1
358.2

173.9
169.6
167.0

533.9
527.7
525.2

178.6
177.5
176.7

239.3
235.7
233.3

417.8
413.2
410.0

375.1
382.6
385.2

510.5
521.1
529.3

885.6
903.8
914.6

317.3
322.4
323.6

155.7
159.0
161.8

473.1
481.3
485.4

1988-JAN.
FEB.
MAR.

359.0
359.2
360.9

165.1
163.5
163.8

524.1
522.6
524.7

178.2
179.5
182.5

233.0
232.8
236.1

411.2
412.2
418.6

389.4
394.1
397.2

540.1
550.4
556.5

929.5
944.5
953.7

321.3
325.1
328.4

163.6
164.9
164.2

484.8
490.0
492.6

APR.
HAY
JUNE

360.3
357.0
359.9

163.0
162.6
162.4

523.3
519.6
522.3

185.1
187.1
189.6

239.4
241.2
243.8

424.5
428.3
433.3

399.6
401.4
405.4

560.9
562.8
564.6

960.5
964.2
970.0

325.6
328.5
333.5

164.8
166.6
166.4

490.4
495.1
499.9

JULY
AUB.
SEP, p

359.4
356.9
353.6

161.8
160.2
157.2

521.1
517.1
510.9

191.4
190.9
189.8

245.6
243.7
241.9

437.0
434.6
431.6

410.3
415.2
422.7

568.9
571.4
576.3

979.1
986.7
999.0

338.4
346.3
352.3

166.5
167.6
171.3

504.9
513.9
523.7

357.9
356.4
355.3

160.8
160.1
159.1

518.7
516.5
514.4

244.7
243.6
242.1

435.9
434.4
432.2

414.7
415.7
416.8

571.2
571.4
572.3

985.9
987.1
989.1

345.5
346.7
350.3

167.0
167.7
168.7

512.5
514.4
519.0

242.5
242.6
241.8
240.8

432.7
432.8
431.3
430.0

418.4
421.3
423.2
424.6

573.6
574.7
576.2
577.5

992.0
996.0
999.4
1002.1

350.0
351.8
351.8
353.7

169.8
170.9
171.5
172.2

519.9
522.7
523.2
525.9

241.8
242.6

431.7
433.1

426.6
428.7

580.8
582.5

1007.3
1011.2

354.7
356.7

172.4
174.2

527.1
530.9

HaoK anding

SEP.

5
12
19
26

356.0
355.9
353.8
351.1

158.9
158.4
157.1
155.9

514.9
514.4
511.0
507.0

191.3
190.9
190.1
190.2
190.2
189.5
189.2

OCT.

3p
lOp

350.7
352.5

155.6
155.9

506.3
508.3

189.9
190.5

1968-AUG. 15
22
29

Savings daposits sxcluda MMOAs.
rotail RPs—ara thosa issuad in amounts of lass than #100,000. All IRA and Kaopjh account belanoas at
Small denomination tina daposits—includii
comnarcial b&nks and thrifts ara subtract*—# from small tima daposits.
-,-----. ..
Larga-dsnomination tina daposits ara thosa issuad in amounts of #100,000 or mora, axcluding thosa bookad at intamational banking facilitias.
3.
Larga-c5«f ^ination tina daposits at coanarcial banks lass thosa hald by monay markat mutual funds, dapository institutions, and foraign banks and
4.
official institutions
-indicatas p^-aliminary data
1.
2.




H.6 ( 5 0 8 )
Tabla 5-continued

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT
Sill ions of dollars* not saasonally adjusted
Tern RPs1

Data

Non-IB Components of L

At
At
Institutionthrift
only Money cMMSf-oial
institutions
banks
market funds

Total

Tens
Eurodollars 2

Savings
Donos

Short-term
Treasury
securities'

acceptances 4

Debt components^
Commercgel

Federal
debt

Nonjrgd^l

1967-MAY
JUNE

82.1
81.7

40.6
40.4

62.9
66.1

103.5
106.5

66.8
87.9

95.6
96.5

256.6
257.6

42.2
43.5

253.6
255.1

1659.4
1670.5

£961.0
6013.9

JULY
AUG.
SEP.

83.8
84.0
81.3

38.6
39.8
40.7

69.6
69.4
70.6

106.4
109.2
111.3

64.5
90.2'
94.5

97.1
97.7
96.3

251.1
257.2
260;6

43.6
43.6
44.4

249.2
249.2
256.6

1871.7
1866.5
1901.0

6059.1
6096.1
6151.1

OCT.
NOV.
DEC.

82.5
89.5
89.6

37.6
39.9
38.4

71.1
71.7
70.4

106.7
111.6
106.7

93.0
92.6
90.6

96.6
99.6
100.6

269.6
272.6
260.9

44.6
45.1
45.1

257.1
251.6
257.8

1910.9
1936.9
1954.1

6209,3
6255.4
6307.1

1968-JAN.
FEB.
MAR.

94.4
98.7
97.4

38.7
43.6
43.8 ,

70.7
70.1
67.6

109.5
113.7
111.4

85.3
65.4
89.7

101.7
102.7
103.6

262.5
260.5
254.6

43.4
41.0
40.4

272.5
275.8
260.5

1961.9
1974.7
1993.3

6344.4
6369.1
6412.6

APR.
MAY
JUNE

91.9
90.0
86.3

44.9
47.1
48.0

68.9
72.4
74.2

113.8
119.5
122.2

88.7
91.5
92.9

104.6
105.4
105.9

256.4
254.4
246.9

40.9
41.1
41.0

265.0
300.8
303.8

2001.7
2005.5
2014.9

6464.0
6516.2
6571.6

JULY
AUG.
SEP. P

84.8
84.0
83.7

46.7
45.7
43.5

76.3
75.4
75.6

123.0
121.0
119.3

95.6
101.6
100.9

104.5
106.9 p

254.3
262.4 p

40.6
41.2 p

307.6
309.3 p

2020.7
2030.0 p

6617.7
6654.0 p

83.8
84.2
84.5

46.3
44.1
44.6

75.7
74.4
74.6

122.0
118.6
119.4

100.8
102.0
102.8

Meek ending
1938-AUG. 15
22
29
SEP.

5
12
19
26

83.5
83.9
83.6
83.9

43.6
41.7
44.6
44.1

75.3
75.0
75.1
76.9

119.1
116.7
119.9
121.0

102.0
100.5
100.3
100.2

OCT.

3p
lOp

83.7
84.5

42.8
44.2

77.2
78.0

120.0
122.2

102.5
99.8

Tern RPs are those with original Maturities greater than one day» excluding continuing contracts and ratail RPs. Includas a relatively small amount
of overnight RPs at thrift institutions.
Tern Eurodollars ere thottMi th original «»turities fl^^fT t h 5 n o ° n * ^ y A C o n 5 U t i ° f ^°K £ , S i T d *? U.S..residents by foreign branohas of U.S. banks
world-wide and by all bankina offteas in tha Ifcjited Kingdom and Canada. Excludes
those held byIdepository
institutionsx and Money market Mutual funds.
7 L
Consists of U.S. Treasury bills and coupons with remaining
mat"—*-*- of
~* 1less
— **—>
**— ^held
- -*•—
•
•
*institutions*
— .•** -.*-___ Federal
- . —
lining maturities
than "»*
12 months
by
other *than
depository
Reserve Banks, money
market,
mutual
funds/and
foreign
entities
„a
J» ana Toreign entities.
Net of bankers acceptances hald by accepting banks* Federal Reserve Banks* foreign official institutions* Federal Home Loan Banks* and money market
mutual funds.
*
5.
Total commercial paper less commercial papar hald by money market mutual funds.
6.
.
Debt
data
are
on
a
monthly
averaga
basis*
derived
by
averaging
adjacent
end-of-month
levels*
and
have
baan
adjusted
to
remove
discontinuities,
P - •indicates preliminary data.




K.6 1508)
Tabla 6

MEMORANDUM ITEMS

_,.

x

9

Billions of dollars» not seasonally adjusted
Demand deposits
at banks due to

Foreign
Foreign
commercial
official
institutions
banks

Data

U.S. government depo tits
i

Time and savings
deposits due to
foreign banks
and official
institutions

0amend
deposits at
commercial
banks

Balance
at
Federal
Reserve

Note belances
at depository
institutions

Total
cash
balance

IRA and Keooh Accounts
Time and
savinos
deposits
At
A*
at commercial
thrift
commerciel
banks
institutions
banks

At
money
market
funds

Total

1987-MAY
JUNE

9.0
9.3

2.0
2.0

4.5
4.5

3.4
3.6

16.0
8.7

27.4
21.8

46.8
34.2

1.6
1.6

79.7
79.8

103.7
104.6

13.1
13.3

196.5
197.7

JULY
AUG.
SEP.

9.3
8.9
9.4

2.0
2.0
1.9

4.4
4.4
4.4

3.3
3.0
4.2

5.3
3.4
10.3

23.3
18.6
21.3

31.9
25.0
35.8

1.7
1.6
1.5

80.2
80.7
81.4

105.4
105.7
106.6

13.5
14.0
14.5

199.2
200.4
202.4

OCT.
NOV.
DEC.

9.5
9.4
9.6

1.8
1.7
1.7

4.4
4.4
4.4

3.2
3.2
3.9

8.9
4.0
4.2

27.4
22.6
18.4

39.5
29.7
26.6

1.5
1.5
1.6

81.8
82.2
82.9

107.1
107.4
108.7

15.4
16.2
16.4

204.4
205.8
208.0

1988-JAN.
FEB.
MAR.

10.0
9.3
9.2

1.7
1.6
1.5

4.4
4.3
4.4

4.1
3.1
3.6

5.6
3.8
2.9

20.8
25.1
18.7

30.5
32.1
25.2

1.6
1.6
1.6

83.9
84.7
85.5

110.0
111.2
113.2

16.6
16.8
17.1

210.6
212.8
215.8

APR.
MAY
JUNE

9.0
9.1
9.5

1.8
1.6
1.7

4.4
4.3
4.3

5.3
3.3
4.3

5.1
7.2
4.1

16.4
27.1
16.7

26.8
37.5
25.0

1.7
1.7
1.8

87.3
88.8
89.4

115.4
116.5
117.7

18.0
18.6
18.4

220.7
224.0
225.5

JULY
AUG.
SEP. p

9.9
9.2
9.5

1.8
1.6
1.5

4.4
4.4
4.4

3.4
3.0
4.1

3.9
3.2
7.4

18.6
8.9
20.4

25.9
15.0
32.0

1.8
1.7
1.6

90.2
91.2
91.8

119.0
119.5
120.0 a

18.5
18.7
18.8 a

227.7
229.4
230.5 a

9.1
9.8
8.9

1.5
1.6
1.6

4.4
4.4
4.4

2.9
3.0
2.5

2.9
3.1
3.5

6.1
9.0
10.3

11.9
15.0
16.3

1.8
1.7
1.7

Heek ending
1984-AUG. 15
22
29
SEP.

5
12
19
26

9.9
10.5
8.8
9.4

1.6
1.5
1.5
1.5

4.4
4.4
4.4
4.4

2.9
3.9
6.7
3.2

3.7
3.2
5.8
12.8

9.8
8.5
23.5
31.3

16.4
15.6
36.1
47.3

1.7
1.6
1.6
1.6

OCT.

iS

9.1
8.9

1.6
1.7

4.4
4.4

3.0
3.4

12.8
4.8

30.4
20.8

46.2
29.0

1.6
1.6

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




N.6 ( 5 0 6 )
Spaeial Suapl

itary Tabla

Monthly Survey of Selected Deposits and Other Accounts:
August 31, 1988 and September 28,19881
I not saasonally ad jus tad)
Xnsurad Coanarcial Banks
Ascent Outstanding (tail)
Liability Catagorias

August 31

Saptaabar 26

Avaraga Rata Paid IZ)
August 31

Nuabar of Issuing Banks

Saptaabar 26

August 31

Saptaabar 28

NOM account*2

164.523

178,570

4.93

4.94

12,705

12,660

Honay aarkat daposit aoc»unts*

352.673

$46,841

5.40

5.63

12,126

11,969

Savings daposits3

186*630

185,344

5.23

5.24

12,520

12.432

5,974

6,127

6.41

6.44

6.145

8,079

Xntarast-baaring tiaa dagos its
with balanoas of lass
$100,000 with original,
aaturitias oft 4
7 to 31 days
32 to 91 days
92 to 162 days

22,325

23.074

6.67

6.75

11.749

11,966

128,727

130.775

7.26

7.37

12.799

12,649

163 to 1 yaar

119,061

121.476

7.67

7.74

12,691

12,647

Ovar 1 yaar to 2-1/2 yaars

102.529

103.927

7.66

7.92

12.462

12,513

2-1/2 yaars and ovar

126,326

127.304

6.11

6.16

12.387

12,422

f

91.617

91.693

N.A.

N.A.

12,210

12,237

tatail rapurchasa agraaaants

1.073

1.160

6.36

6.51

2,012

2,001

All XRA/Kaogh Plan daposits

FDIC-Insurad Savings Banks
Aaount Outstanding (tail)
August 31

Liability Catagorias
NOM accounts

2

Honay aarkat daposit aooounts
Savings daposits*

Avaraga Rata Paid (X)
August 31

Nuabar of Issuing Banks

Saptaabar 28

August 31

Saptaabar 28

7.399

5.24

5.23

340

342

31.931

31.169

5.65

5.96

43.250

43.069

5.47

5.46

375
386

377
388

103
308
373
377

7.636
2

Saptaabar 26

6100,000 with original
aaturitias oft 4

22.226

22,221

7.70

7.62

163 to 1 yaar

26,666

29.230

6.01

6.16

103
307
380
384

Ovar 1 yaar to 2-1/2 yaars

24,044

23.627

6.04

6.16

364

357

2-1/2 yaars and ovar

7 to 31 days

160

157

6.56

6.57

32 to 91 days

2.369

2.434

7.11

7.25

92 to 162 days

26.506

26,061

6.41

6.47

381

374

1

20.020

20.221

N.A.

N.A.

377

379

Ratail rapurchasa agrsssants

92

75

6.67

6.91

13

15

All XRA/Kaogh Plan deposits

NOTE:

Tha Towar panal of this tabla peasants <fata for both Mutual and FDXC-inaurad fadaral savings banks.

^/'Eitis^a^arTais^d 1 !; data oollaotad by tha Fadaral Raaarva fro. a stratifiad randoa saapla of about 490 ooa^
aarcial banks and 60 savings banks.
.
2. NOH and HHDA account ratas ara raportad.as stapla.annual rata*.
3. Savings d a m s its axcluda ItOAs. Tha savings daposits rata is raportad as a siapla annual rata.
4
ttto^^^tionbfthaT-31
and 32-91 * y A p o s it ratas. which ara raportaoTas siapla annual ratas, tiaa
daposit r a ^ ^ ^ i n ^ l affaotiva yialds raflaotingtha aathod of ooapounding raportad by tha individual
IT^An^IRA^aogh Plan tiaa daposits ragsrdlass of siza, typa of instruaant in which ha Id, or intarast rata paid.