Full text of H.6 Money Stock Measures : October 23, 1986

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

FEDERAL RESERVE statistical release

ijjjjWMtK

These data are scheduled for release each Thursday at 4:30 p.m.

H.6 (508)
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

OCTOBER

Billions of dollars

Date

M1

M2

M3

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

M1 plus overnight RPs
and Eurodollars,
MMMF balances (gen. pur.
and broker/dealer), MMDAs,
and savings and small
time deposits2

M2 plus
large time deposits,
term RPs, term Eurodollars
and Institution-only
MMMF balances'

23#

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors5

Seasonally adjusted

1985—SEPT.
OCT.
NOV.
DEC

611.5
614.2
620.1
626.6

2529.9
2538.9
2551.4
2566.5

3150.8
3165.7
3181.2
3201.1

3740.8
3762.7
3800.4
3839.5

6502.0
6560.8
6643.5
6769.0

198o—JAH.

627.2
631.0
638.4
646.1
658.6
660.8
676.1
687.8
693.5

2569.9
2577.7
2592.4
2622.1
2649.6
2670.6
2699.1
2724.1
2741.3

3224.5
3241.5
3262.5
3293.7
3315.3
3338.9
3375. 1
3400.1
3425.2

3862.0
3880.9
3894.9
3918.4
3950.5
3973.8
4007.0
4036.6

6867.5
6911.0
6954.6
7012.1
7079.5
7145.5
7208.4
7282.9

AAfiL.
APBHAY
JUHi.
JULI
AUG.
SEPT. P

Not seasonally adjusted

1985—SE?TOCT.
NOV.
DEC

609.1
612.2
621.7
639.9

2521.4
2534.2
2549.7
2574.7

3144.3
3162.7
3184.7
3213.8

3736.5
3760.2
3803.1
3845.7

6482.3
6545.2
6629.1
t>7(>2. 4

1986—JAM.
JfEB.
HAB.
APfi.
HAY
JUHE
JULY
AUG.
SEPT. P

633.5
619.2
630.5
652.9
651.8
669.1
679.8
684.8
691.0

2578.6
257U.9
2594.4
2631.8
2640.6
2672.8
2704.4
2718.9
2732.0

3232.2
3233.4
3262.9
3300.2
3308.5
3339.6
3372.7
3394. 8
3417.9

3867.2
3873.3
3899.0
3928.5
3937.2
3973.9
4007.1
4033.1

6861.5
6894.1
6931.4
6985.3
7048.1
7110.8
7172.9

7251.7

M1
For period ended

Seasonally adjusted
13-week average

1906-SEPT.

OCT.

MOTE:

4-week average

week average

13-week average

Not seasonally adjusted
4-week average

week average

15
22
29

679.5
681.2
683.4
685.5

688.6
691.2
692.0
693.5
693.7

693.0
695.5
690.8
694.7
693.6

678.3
680.4
682.1
663.9
685.0

683.6
687.2
689.8
692.2
690.8

682.9
703.3
697.6
684.9
677.5

6 P
13 P

687.6
689.4

695.2
696.6

701.6
696. £

686.0
687.1

691.0
691.7

703.9

1
8

677. 3

SPECIAL CAUTIOM SHOULD BE TAKE* IM IiTEEPfiETIJG
HIGHLY VOLATILE AID SOdJiSCT TO R E V I S I O N .
P—IMDZCAXES PBELlHIflABI DATA.
FOOTNOTES APPEAA 0 1 THE f O U O f l U G PAGE




H£E*-XO-V££K CHANGES I I

7.0 Q. 5

HOMEI SOPPLI DATA, HHICH

19 bo

H.6 (508)
Table 2

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

M1

M2

M3

Debt1

3 MOUTHS FROM JOMB

1*86 TO SEPT. 1986

16.0

10.6

10.3

11.5

6 MONTHS FROM MAR.

1986 TO SEPT. 1986

17.3

11.5

10.0

10.8

12 HOMTiiS FROM SEPT. 1985 TO SEPT. 1986

13.4

8-4

8.7

13.0

THIRTEEN WEEKS ENDING OCT. 13, 1986
FROM THIRTEEN WEEKS ENDING:

1/

1/

2/

3/

5/

JULY

14, 1986

(13 WEEKS PREVIOUS)

1t>«6

APR.

14, 1986

(26 WEEKS PREVIOUS)

17.2

OCT.

14, 1985 (52 WEEKS PREVIOUS)

13.6

GROWTH RATES FOR DEBT AEE BASED ON PERIODS BEGINNING AND ENDING ONE MONTH EARLIER THAU FOR THE MONETARY AGGREGATES,
NAMELY, tiki 1986 TO AUGUST 1986, f EBBUS ART 1986 TO AUGUST 1986, AID AUGUST 1985 TO AUGUST 1986, RESPECTIVELY.
FOOTNOTES TO TABLE 1
CONSISTS OF (1) CU&REMCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF COMMERCIAL BANKS;
(2) TRAVELERS CHECKS OF MOMBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUB TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH IX*MS IU THE PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER
OF WITHDRAWAL (NOW) AND AUTOMATIC TRANSFER SEMI/ICE (ATS) ACCOUNTS AT DSPQSXTORX INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEBAMB
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BX
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF M1 PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BX ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BI FOREIGN BRANCHES OF U.S. BANKS iOBLDWIDB, MMDAS, SAVINGS AND SMALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL RPS—IN AMOUNTS OF LESS THAN $100,000), AND BALANCES IM BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUSUAL FUNDS- EXCLUDES IRA AMD JtJBOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND MONEY MARKET IfUHDS. ALSO EXCLUDES ALL BALANCES HELD £X U.S. COMMERCIAL
BANKS, MONEY MARKET £UMBS (GENERAL PURPOSE AND BJtOKER/DEALER), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND
THE U.S. GOVERNMENT. ALSO SUBTRACTED IS 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 $100,00Q OR MORE) AND TERM HP LIABILITIES ISSUEB
BY COMMERCIAL BAIKS AND THRIFT INSTITUTIONS, 1ERH EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BRANCHES OF U.S- BAJiKS
WORLDWIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH SAJtABLE AND TAX-EXEMPT
INSTITUTION-ONLY HONEY 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 A CONSOLIDATION ADJUSTMENT THAT BEBMB&BUTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EUM0DOLLARS HELD 5Y INSTITUTION-ONLY MONEY MARKET MUffUAL WUUDS^
CONSISTS OF M3 PLUS '£hE NONBAXK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF MONEY MARKET MUTUAL FUND HOLDINGS QF THESE ASSETS.
DEBT OF DOMESTIC NOMFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT MARKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE B040S, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHEtt BANK LOANS, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND OSHER DEBT
INSTRUMENTS. THE DATA A££ DERIVED F&OM THE FEDERAL RESERVE BOARD'S FLOW OF FUNDS ACCOUNTS. ALL DAXA ON DEBT OF DOMESTIC
NONFINANCIAL SECIOBS ARE PRESENTED IN MONTH-AV44AGE FORM, D&HIVED BY AVERAGING MONTH-END L&V&LS OF ADJACENT MONTHS. &HESE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAI' MAX ARISE IN THE UNDERLYING FLOW OF fUHDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS HELEAS& DIFFKfiS, THEREFORE, FROM THE QUARTERLY FLOW OF gUHDS STATISTICS CONTAINED
IN THE fEDEMAL kESEkVt RELEASES L.I AND Z.I. IN THOSl H&LEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE AEASUBMD ON
A UOARTEH-END BASIS AND INCLUDE DISCONTINUITIES.




HMi

COMPONENTS OF THE MONEY STOCK
NOntfafl

omsf
Oats

Cunsnoy'

Tiawlais
of****

Dsmand
tfsaosHs*

chsckaMs
dsaoshV

NIMI*

SUNIN HUM) dap*iHs*

Marts
toiMS
o*y»

at
UN III

S4

tots!

167.7

5.9

266.4

171.5

1918.4

621.0

i 124.Q

176.3

300.3

382.7

LsnistlmsdspoiMts"
at

total

at
tnrtft

total

banks19

banks

banks

1985-SKPT.

at
thrift
495.6

874.3

270.6

1S5w)

425.6

155.9
156.3
157.3

429.7
432.9
436.5

OCT.
HOY.
DEC.

168.7
169.8
170.6

5.9
5.9
5.9

266.0
267.8
271.5

173.7
176.7
178.6

1924.6
1931.3
1939.9

124.4
626.8
629.8 I 124.0
634.6 i 124.5

177.$
179.0
179.1

302.3
303.7
303.6

382.0
382.2
384.1

493.7
493.7
496.2

075.7
476.Q
444.3

273.9
276.7
279. 1

1986-JAM.
PBB.
MAR.

171.9
172.9
173.9

5.9
5.9
6.1

268.9
269.2
273.2

160.5
183.1
185.2

1942.7
1946.6
1954,0

654.6
124.7
663.3 ! 125.0
12S.+
670.2

179.3
179.9
181.3*

304.0
304.9
306.9

386.6
388.1
389.0

499.4

502.9
50S.7

445.9
891.0
894.7

289.7
291.5
242.1

154.2
159.7
163.4

447.9
451.3
454.5

APR.
HAY
JONS

174.4
175.9
176.7

6.1
6.1
6.2

275.7
281.6
284.9

189.9
195.1
199.0

1976.0
1991.0
2003.8

671.6
665. 7
668.3

126.6
129-Q
130*9

184.8
189.5
194.1

311.4
314.5
325.0

388.0
384.9
381.7

507.9
506.3
503.9

895.9
491.2
485.6

287.1
281.5
280. $

165.0
164.9
164*6

452.1
446.4
445. 1

JULX
AUG.
SEPT. P

177.5
179.0
179.8

6.4
6.5
6.5

288.3
291.8
292,2

203.9
210.6
215.1

2023.0
2036.3
2047.9

676.0
676.0
683.9

133.4
136.8
140.9

197.7
200.5
203.1

331.1
337.3
34.4.0

380.0
376.0
372.6

503.7
501.3
499.1

443.7
477.3
471.4

240.0
241.7
241.1

165.7
166.0
165.7

445.7
44JL6
446.6

BESK
1986
SEPT.

OCT.

1/
2/
3/

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

SIDING
1
8
15
22
29

179.6
179.2
179.2
180.0
180.4

293.7
294.6
290.4
292.3
291.3

213.1
215.1
214.7
216.0
215.5

134.3
139.3
140.3
141.6
142.*

374.7
374.2
373.2
371.9
371.2

242.3
241.4
241.7
241.4
240.0

6 P
13 P

180.5
180.9

296.5
290.0

218.2
219.2

143.8
144.8

370.3
368.5

274.3
274.4

CURRBICI OUTSIDE THE U.S. TREASHRX, FEDBBkL EESEEfE BANKS AID VAULTS OF COMMERCIAL BAIKS. EXCLUDES TOE ESTIMATED
AMOUNT OF FAULT CASH HELDfilTHRIFT INSTITUTIONS TO SERVICE TfiEIE OCD LIABILITIES.
OUTSTANDING AHOOMT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NOIBAIK ISSUERS. TBkHBLZES CHECKS ISSUED Bl DEPOSITOR I
INSTITUTIONS ARE IICLUDED II DEHAHD DEPOSITS.
DEBAND DEPOSITS AT COMMERCIAL BANKS AND FORBIGI UELkTSD INSTITUTIONS OTHER THAI THOSE DUE TO DOHESTIC BANKS, THE O.S. COVERftHENT AID FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEHS II THE PEOCESS OF COLLECTION AND WEBEELL RESERVE FLOAT.
E1CUJDES THE ESTIAATED AH00NT OF DEflAMD DEPOSITS HELD AT COHHERCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
CONSISTS OF NOR AND ATS BALANCES AT ALL DEPOSITOR! INSTITUTIONS. CREDIT ONION SHARE DRAFT BALANCES AID
DEHAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASOIALLI ADJUSTED EQUALS THE DIFFERENCE ASTHEEI SHE
SEASONALLX ADJUSTED SUH OF DSHAND DEPOSITS PLUS OCD AID SEASOIALLX ADJUSTED DEAAID DEPOSITS.
SUH OF OVBRIIGHT RPS AID OfERHIGHT EURODOLLARS, HOISX MARKET FUID BALANCES (GENERAL PURPOSE kMD BROKER/DEALER),
ttHDAS, AID SAfXIGS AID SHALL TIftE DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIHATED ABO0I3 OF
DEHAID DEPOSITS AID VAULT CASH HELD BT THRIFT INSTITUTIONS TO SERVICE THEIR TIAS AID SAVINGS DEPOSITS LIABILITIES.
SUH OF LARGE TIHE DEPOSITS, TERI RPS AND TBRH EURODOLLARS OF U.S. RESIDENTS, IOISX HARKET FUID BALANCES (INSTXTUTIOMONLT), LESS A CONSOLIDATION ADJUSTSEHT THAT REPRESENTS THE ESTIHATED AHQUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BX
INSTITUTION-OILX HONE! HARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE HHDAS.
SHALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL BPS-- ARE THOSE ISSUED II AMOUNTS OF LESS THAI S100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SBkLL
TIME DEPOSITS.
LARGE DENOMINATION TIHE DEPOSITS ARE THOSE ISSUED IN AMOONTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LAfiGE DENOMINATION TIHE DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BX HUHEl MARKET MUTUAL FUNDS,
DEPOSITOR! INSTITUTIONS AMD FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (508)
Table 4

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

2/
3/

Non-M3 components of L
short-term treasury
bankers acceptances 2
securities 1

commercial paper3

Debt components 4
federal debt
non-federal debt

77.2
78.0

wa.3
^b1.6

43.6
43.2

182.9
187.2

1504.5
1512.Q

4942.Q
4990,. Q

OCT.
NOV.
D£C.

78.5
79.0
79.5

262.1
300.7
308.4

43.9
43.1
41.1

192.5
196.4
209.5

1521.6
1551.0
1567.0

5039.3
50*2-5
5182.0

19 8 6 - J AH.
?££•
MA£.

79.9
80.5
81.1

305.5
307.7
300.2

41.5
42.1
41.6

210.6
209.2
209.5

16417. 9
1620.6
1626.2

5259. 6
5290.2
5326.3

A PH.
MAY
JUNE

81.8
82.6
83.4

296.9
305.7
300.5

41.0
40.1
40.3

203.0
206.7
210.6

1641.1
1664.£
1691.5

537 UO
5414.9
545A.1

JULY
AUG. P

64.3
65.3

29b. 0
295.7

39.4
37.2

212.3
218.3

1712.4
1724.9

549*. 1
5S58. 0

1985-AUG.
SEPT.

1/

savings bonds

CONSISTS OF U . S . T££ASU£Y BILLS AND COUPONS JUXii U4AAINING HAIUfilTIES OF LESS THAN 1 2 HONTHS ti£Li> BK QTHJBB THAN
I N S T I T U T I O N S , FEDERAL fi£SE£?S BANKS, MONEY HAK&J^T rtUTOAL FUNDS AND FOAEIGN E N T I T I E S .
NET OF BANKEH5 ACCEPTANCES HELD Bl ACCEPTING BANKS, FED££AL £ E S E A f £ BANKS, FOREIGN OFFICIAL I N S T I T U T I O N S , THE 2EBZBAL
aOttJbi LOAN BANK SYSTEM AND MONEY MAfi&£T AUT0AL FUNDS.
TQTAL COflHEBCIAL PAPEB LESS COAMEKCIAL PAPEM &£Ll) BX HONEY HAfiJLET MUTUAL FUNDS.
DEBT DATA ABE ON A MONTHLY AYEKAGE B A S I S , DE&1V&D BY AVERAGING END-OF-MONTH LEVELS OF ADJACENT MONTHS, AND HAVE
ADJUSTED TO kEMOVE DISCONTINUITIES.




H.6 (508)
Table 5

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

Other checkable deposits
Date

Currency1

Travelers
checks2

Demand
deposits3

at commercial
banks4

at thrift
institutions9

total

in M26

in M3 only7

Overnight
RPs8

Overnight
Eurodollars9

General
purpose and
broker/dealer
money market
funds

167.6

6.2

265.0

119.0

51.3

170.3

1912.3

622.9

50.5

14.0

176.7

OCT.
NOV.
DEC

168.4
170.7
173.1

5.9
5.6
5.5

265.6
269.0
281.3

119.9
122.6
12S.8

52.5
53.8
54.4

172.3
176*4
180.1

1922.0
1928.0
1934.7

626.5
635.0
639.2

50.9
52.5
53.3

14.3
13.9
17.0

177.0
176.8
176.5

198 6-JAM.
FEB.
BAR.

170.5
170.6
172.3

5.5
5.6
5.8

275.1
262.0
267.1

128.1
126.8
129.3

54.3
54.2
56.0

182.4
181.0
185.3

1945.1
1951.8
1963.9

653.5
662.5
668.4

50.1
52.4

18.8
16.1
16.4

U7.7
181.0
186.2

1PB.
HAY
JUNE

173.6
175.8
177.4

5.8
5.9
6.5

278.7
276.7
285.6

134.8
132.8
136.6

59.9
60.5
63.0

194.7
193.4
199.6

1978.9
1968*0
2003.6

668.4
666.0
666.8

51-0
51.5
49.7

17.5
17.5
16.5

191.4
193.2
197.3

JULY
AUG.
SEPT. P

179.1
179.9
179.6

7.2
7.3
6.9

290.0
288.9
290.8

139-0
142.8
146.8

64.5
65.9
66.9

203.5
208.7
213.7

2024.6
2034.1
2041.0

668.3
675.9
665.9

54.4
56.9
54.6

17*3
17.3
17.7

199.7
200.3
202.2

1985-SEPT.

51.2

SEEK ENDING:
1986-SEPT.

OCT.

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

1
8
15
22
29

179.4
180.8
179.9
179.3
178.4

287.2
297.7
294.4
286.5
283.7

143.4
149.1
148.5
146.2
143.7

65.7
68.7
67.9
66.1
64.9

209.1
217.8
216.4
212.3
208.6

57.1
55.4
54-6
S#.4
53.7

19.4
16.9
16.7
17.6
19.3

196.9
196.5
200. 6
204.5
205.4

6P
13 P

180.9
181.9

297.5
292.0

149.8
150.8

69.1
69.2

218.9
220.0

54.1
55.4

19.1
17.9

J05.3
207.3

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND THE VAULTS OF COBBJtRCIAL BANKS. EXCLUDES THE ESXIBAZKD
AttOUNT OF FAULT CASH HELD BY THRIFT INSTITUTIONS TO SERflCE THEIR OCD LIABILITIES.
OUTSTANDING AflOUNT OF U.S. DOLLAR-DENOfllNAXED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED Bl DJSP0SI20RY
INSTITUTIONS ARE INCLUDED IN DEflAND DEPOSITS.
DEflAND DEPOSITS AT COHflERCIAL BANKS OTHER THAN THOSE DUE TO DOBSSXIC BANKS, THE U.S. GOVERNBENT AID FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEBS IN THx. PROCESS OF COLLECTION AND T.R. FLOAT, LESS THE MSTLBkTED AttOUBT OF DERAHD
DEPOSITS HELD AT COflflEHCIAL BANKS BY THRIFT INSTITUTIONS TO SERflCE THEIR OCD LIABILITIES.
CONSISTS OF NOH AND ATS BALANCES AT COBflERCIAL BANKS, U.S» BBAUCUES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS.
CONSISTS OF NOH AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND BUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEflAND DEPOSITS AT THRIFTS.
SUB OF OVERNIGHT RPS AND EURODOLLARS, BONEY BARKBT FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER)9 BB0AS AND SAVINGS
AND SHALL TIHE DEPOSITS LESS THE ESTIBATED ABOUNT OF DEflAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS T.0 SERVICE
THEIR TIBS AND SAVINGS DEPOSIT LIABILITIES.
SUB OF LARGE TIHE DEPOSITS, TERH RPS AND EURODOLLARS OF U.S. RESIDENTS, HOJEY flARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTflENT THAT REPRESENTS THE ESTIMATED ABOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY
BONEY flARKET BUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT EPS ISSUED BY COHHERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
HONEY flARKET MUTUAL fUNDS (GENERAL PURPOSE AND BROKER/DEALER).
ISSUED BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
HONEY MARKET MUTUAL J-UND5 (GENERAL PURPOSE AND BKOKBR/DKALEK) .




H.6 (508)
Table 5-continued

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

at

at

at

commercial
banks

thrift
institutions

total

commercial
banks 4

thrift
institutions

299.1

385.1

495.4

880.5

272.6

155.1

427.6

178.3
179.0
178.3

302.9
303.3
301.8

384.8
364. 2
384.8

496.5
496.4
497.6

681.3
880.7
882.5

276.3
278.2
280.9

156.2
157.1
157.8

432.5
435.3
436.7

123.9
12J.6
124.9

178.8
179.1
181.6

302.7
302.7
306.5

386.5
387.1
3B7.2

502.6
504. 6
504.6

889.1
691.7
69L8

286.6
290.4
287.7

159.0
160.7
163.2

447.6
451.1
450.9

525.2
530.8
540.4

127.2
129.5
132.2

185.8
190.3
194.8

312.9
319.9
327.0

384.5
382.3
380.6

505.1
50,2.4
501.0

8*9.6
884.7
681.6

283.6
280.8
278.8

164.1
164.4
164.1

447.7
445.2
443.0

546.2
553.3
558.7

135.1
137.3
140.7

198.6
199.4
202.1

333.7
336.7
342.7

379.6
378.0
375.1

502.8
500.6
498.9

862.6
878.5
874.1

279.0
482.0
263.2

164.6

165.9
165~7

443.6
447.9
448.8

total

commercial
banks

thrift
institutions

178.5

499. Q

123.7

175.4

179.8

504.1

180.3
179.6

509.5
512.0

124.6
124.3
123.5

336.7
337.0
340*4

179.0
179.4
180.2

515.7
516.3
520.5

APE.
MAI
JUNE

344.8
348.6
355.2

180.4
182.2
185.2

JULI
AUG.
SEPT. P

358.9
363.5
368.0

187.2
189. 8
190.7

commercial
banks

thrift
institutions

321.3

OCT.
NOV.
DEC.

324.3
329.2
332.il

1986-JAN.
FEB.
HAR.

Date

198S-SBPT.

Large denomination time deposits 3

at

at

at

Small denomination time deposits 3

Savings deposits

at

at

total

iEBK ENDING
1986
SEPT. 1
22
29

365.3
368.1
369.1
367.6
367.3

138.1
139.5
140.2
141. U
141.7

377.2
376.8
375.7
374.5
373.6

263.9
262.9
282.9
283.5
283.5

6 P
13 P

370.0
371.7

144.4
145.5

373.0
371.6

262.2
282.1

8

15

OCT.

1/
2/

SAVINGS DEPOSITS EXCLUDE HflDAS.
SHALL DEMOHIMATION TItt£ DEPOSITS — INCLUDING RETAIL APS — ARE THOSE ISSUED IH AflOUKTS OF LESS THAN 9100,000. A H .
INDIVIDUAL RfillREflENT ACCOUNTS (IRA) AMD KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FBOfl SflALL
TlflE DEPOSITS.
3/ LARGE DENOMINATION TIME DEPOSITS AfiE THOSE ISSUED IN AMOUNTS OF $100,000 OB SORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).

4/ LARGE DENOHINATION TIME DEPOSITS AT COMMERCIAL bANKS LBSS THOSE HELD BY NOMEI MARKET HUTUAL FU*DS0 DEPOSITORY
INSTITUTIONS AND PORtllGN dANKS AND OFFICIAL INSTITUTIONS.


total

H.6 (906)
Table 5-continued

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

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

Term
Eurodollars2

Savings
bonds

Non M3 Components of L
Short-term
Bankers
treasury
acceptances4
securities'

Components of Debt
Commercial
paper*

Federal debt*

Non-Federal9
debt

62.3

31.2

27.5

56.6

78.9

78.0

282.4

43.9

187. a

1506.9

4975.4

DEC

63.3
64.5
64.6

30.5
31.7
32.1

29.2
31.6
3J.9

59.8
63.3
66.0

78.2
78.4
76.7

78.5
79.0
79.6

281.8
296.9
305.6

4J.0
43.3
42.1

193.4
199.1
204.6

151S.6
1544.2
1583.7

5029.6
5084.9
517*.6

1986-JAN.
FEB.
HAR-

67.3
67.7
70.2

33.7
35.3
37.2

35.1
34.7
34.4

68.8
70.6
71.6

76.0
79.2
82.7

80.0
80.5
81. 1

305.3
308.6
306.4

42.3
41.9
44.7

207.5
208.8
207.9

160*.?
1621.0
1633.3

5254.6
5273. 1
5296.1

APR.
flAY
JOBS

74.1
76.1
75.0

35.6
35.5
33.9

35.9
38.7
41.6

71.5
74.2
75.5

81.5
79.8
80.1

81.8
82.6
83.4

301.5
299.5
297.8

J9.9
39.6
39.8

205.2
207.0
213.3

1644.6
1660.7
1678.9

5340.7
5387.4
S4J1.6

JULY
AUG.
SEPT. P

77.5
80.8
84.4

33.2
34.1
35.7

42.0
41.7
42.7

75.2
75.8
78.4

78.8
78.2
80.6

84.2
85.2

297.0
299.6

39.2
37.9

214.0
215.6

1695.6
1713.3

5477.3
5538.4

82.9
83.3
84.5
85.5
84.7

35.1
35.1
36.3
36.3
35.7

82.5
85.4

31.9
34.7

1985-SEPT.
OCT.
HOV.

«££K ENDING;
1986-SEPT. 1
8
15
22
29
OCT.

6P
13 P

4

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

TERH RPS ABE THOSE flITfl ORIGINAL HATURITIES GBEATEfi THAH ONE D A I , EXCLUDING CONTINUING CONTfiACTS AND RETAIL EPS.
INCLUDES
A RELATIVELY SHALL AflOUNT OF OVERNIGHT BPS AT THRIFT INSTITUTIONS.
TEfifl EURODOLLARS ABE THOSE 0ITH ORIGINAL flATUBITIES GBEATEfi THAN ONE DAI. CONSISTS OF THOSE ISSUED TO O . S . RESIDENTS BY
FOREIGN BBANCHES OF O . S . BANKS WORLDWIDE AND BY ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEY MARKET HUTUAL FUUDS^
CONSISTS OF O . S . TfiEASURY BILLS AND COUPONS WITH BEHAINING HATOBITIBS OF LESS THAN 12 HONTHS HELD BX OtHEB THAN DBPOSITOBI
INSTITUTIONS, FEDERAL RESERVE BANKS, HONEI HABKET HUTUAL FUHDS, AND FOBEIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESE&fE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOHE LOAN BANK SYSTEH AND HONEY HABKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY HONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE Oil A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-HONTH LEVELS OF ADJACENT MONTHS. AND HAVE BEEN
ADJUSTS TO REHOVE DISCONTINUITIES.




H.6 (508)
Table 6

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

Date

foreign
commercial
banks

foreign
official
institutions

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

8.1

2.1

8.2

3.4

4.3

13.4

OCT.
HOT.
DISC

8.2
8.1
8.5

1.9
2.1
1.9

8.3
8.4
8.3

3.0
3.0
3.4

3.1
2.8
3.4

2.4
4.8

1986-JAM,
KBHAJU

8.8
8.3
8.4

2.0
1.9
1.8

8.0
7.8
7.6

3.6
3.2
3.3

10.5

APR.
MAX
JOBS

8.7
8.9
8.8

1.9
1.8
1.8

7.5
7-4
7.3

JU2.X
AUG.
SKPT.P

9.1
8.9
9.2

2.0
1.8
1.9

9.2
9.7
9.0
9.0
9.1
9.5
9.2

1935-SEPT.

IRA and Keogh Accounts

total demand
deposits and
note and
FR balances

time
and savings
deposits at
commercial
banks

OCT.

6 P
13 P




thrift
institutions

money
market
mutual funds

total

21.1

1.3

57.8

78.1

8.3

144.3

8.5

11.1

10.7
17.9

1.3
1.3
1.4

58.2
58.7
59.2

79.0
79.5
80.9

8.4
8.4
8.3

14S.7
146.6
148.11

7.5
3.4

20.5
21.0
12.4

34.5
31.7
19.2

1.3
1.4
1.4

60.7
62.5
64.2

81.9
82.9
86.4

8.6
8.7
9.0

151.2
154.2
159.5

4.2
3.0
3.5

3.7
4.8
2.9

13.6
18.7
12.6

21.5
26.5
18.9

1.5
1.5
1.7

68.4
69.5
70.1

90.4
91.2
92.1

9.8

10.1
1O.J

168.5
170.8
172.2

7.2
7.2
7.2

3.6
3.0
3.6

3.8
3.2
5.6

13.2

20.fr
14.2
23.8

1.6
1.7
1.7

70.^
71.1
71.4

92.9
93. 4e
93. 8e

10.2
10. 3e
10-Se

173.9
174. 8e
175. 8e

1.7
1.7
1.8
2.0
1.9

7.2
7.1
7.1
7.1
7.2

2.8
3.5
4.5
3.8
2.7

2.0
3.5

9.7
4.8
4.9

6.6
9.1

23.3
25.2

14.4
11.8
13.2
33.8
37.0

1.7
1.7
1.7
11.7
1.6

1.8
1.7

7.2
7.2

4.6
2.9

4.3
2.9

19.3
10.6

28.2
16.4

11.7

8.1

14.6

f f S K £SDIMG:
1986
SEPT. 1
8
15
22
29

commercial
banks

3. Q

1.7