Full text of H.6 Money Stock Measures : October 29, 1987

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

FEDERAL RESERVE statistical release
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
M1
Sum of currency,
travelers checks,
demand deposits and
other checkable deposits1

Date

M2
M1 plus overnight RPs
and Eurodollars,
MMMF balances (gen. pur.
and broker/dealer), MMDAs,
and savings and small
time deposits2

M3
M2 plus
large time deposits,
term RPs, term Eurodollars
and institution-only
MMMF balances3

29, 1987

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors'"

Seasonally adjusted

198b—SEPT.
OCT.
NOV.
DEC

1967—JAM.
FEB.
flAfi.
APR-

693.1
701.4
712.4
730.5

2736.8
2761.4
2776.3
2801.2

3422.7
3443.7
3462.4
3492.3

4055.6
4081.7
4107.4
4139.9

7363.7
7423. 1
7499.5
7601.3

737.7
737.4
739.5
750.3

2823.5
2823.0
2826.5
2839.9
2840.4
2841.5
2847.7
2862.1
2874.5

3518.4
3522.3
3527.3
3543.9
3559.9
3576.5
3583.5
3605.2
3621.7

4172.6
4180.4
4169.7
4181.4
4214.6
4228.4
4221.7
4248.3

7666.2
7697.8
7748. 1
7806.8
7865.1
7916.9
7954.2
6003. 4

MAY

753. 1

JUNE
JULY
AUG.
SEPT.

746.6
747.6
750.9
751.2

Not seasonally adjusted

1986—SEPT.
OCT.
NOV.
DEC

691.2
69*. 9
715.4
746.5

2729.3
2757.8
2778.5
2814.7

3417.1
3440.2
3466.7
3507.5

4049.6
4076.1
4110.2
4153.4

7347.d
7410.4
74d6.«
7594.9

1987—JAN,
FEB.
MAR.
APR,

744.4
723.3
728.9

2833.7
2811.1
2820.3
2848.6
2829.3
2842.7
2854.8
2860.2
2867.3

3529.2
3512.6
3524.4
3552.0
3550.1
3574.3
3583.3
3600.7
3616.5

4184.0
4172.1
4172.8
4189.4
4199.2
4227.6
4221.9
4244.8

7659.6
7676.4
7720.3
7777.0
7835.5
7890.4
7967.8
8039.0

757.5
744.9
749.1
751.5
749.3
749.4

HAY

JUNE
JULY
AUG.
SEPT.

M1

For period ended
198 7 - S E P T .

21
28

748.4
748.9
749.3
750.0

750.3
750.2
750.7
750.6

746.4
750.3
755.1
751.4

749.8
750.2
750.4
750.3

748.8
750.5
751.7
74 9.6

758.9
760. 1
746.9
732.6

5
12 P
19 P

750.5
751.3
752.2

753.6
754.5
755.6

757.5
753.9

749.7
749.6
750.4

750.5
749.6
753.0

762.5
756.4
760.6

7
14

OCT.

NOTE:

Not seasonally adjusted
4-week average

13-week average

Seasonally adjusted
4-week average

week average

759.5

13-week average

week average

SPECIAL CAUTION SHOULD HE TAKEN IN INTERPRETIKG IEEK-TO-HEEK CHANGES IN HONiSY. SUPPLY DATA, WHICH ABE
HIGHLY VOLATILE AND SUBJECT TO fiEVISION.
P--INDICATES PRELIMINARY DATA.
FOOTNOTES APPEAR ON THE FOLLOWING PAGE




H 6 (508)
Table 2

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

M1

3 MONTHS FROM JUNE

1987 TO SEPT. 1987

6 MONTHS FROM MAR.

1987 TO SEPT. 1987

12 MONTHS FROM SEPT. 1986 TO SEPT. 1987

2.5

8.4

M2

M3

Debt1

4. 6

5.1

3.4

5.4

7.9

5.8

10.0

5.0

7.0

THIRTEEN WEEKS ENDING OCT. 19, 1987
FROM THIRTEEN WEEKS ENDING;

1/

1/

2/

3/

5/

JULY

20, 1987 (13 KEEKS PREVIOUS)

1.3

APE.

20, 1987 (26 WEEKS PREVIOUS)

3.3

OCT.

20, 1966 (52 WEEKS PREVIOUS)

8.9

GfitOWTH KATES FOR DEBT ABE BASED ON PERIODS BEGINNING AMD ENDING ONE MONTH EARLIER THAB FOR THE MONETARY AGGREGATES,
NAMELY, HAY 1987 TO AUGUST 1987, FEBRUARY 1987 TO AUGUST 1987, AND AUGUST 1986 TO AUGUST 1*87, 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 THAN THOSE DOE TO
DOMESTIC BANKS, 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 (OCD) CONSISTING OF NEGOTIABLE ORDER
OF WITHDRAWAL (NOW) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
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, HMDAS, SAVINGS AND SMALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL RPS—IH AMOUNTS OF LESS THAN $100,000), AND BALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUNDS. EXCLUDES IRA AND KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND MONEY MARKET FUVDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMERCIAL
BANKS, MONEY MARKET FUHVS (GENERAL PURPOSE AND BHQKKR/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 $100,000 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, HONEY
MARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLK MONEY MARKET MUTUAL FISUDS.
CONSISTS OF MJ PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF MONEY MARKET MUTUAL FUUD HOLDINGS OF THESE ASSETS.
DEBT OF DOMESTIC NONFINANCIAL 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 BONDS, MORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ARE DERIVED FHOM THE FEDERAL BESEHVE BOARDS FLOW OF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC
NONFINANCIAL SECTORS ARE PRESENTED IN MONTH-AVERAGE FOHH, DERIVED BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS? THESE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IN THE UNDERLYING FLOW OF FUHDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS RELEASE QlPk'K&S, THEREFORE, FROM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED
IN THE FEDERAL RESERVE RELEASES Z. 7 AND Z. 1. IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE MEASURED ON
A UUARTEB-END BASIS AND INCLUDE DISCONTINUITIES.




N.e<soe>

COMPONENTS OF THE MONEY STOCK
Wiltons of dollar*, —tonally adjuatad

Data

Currency*

Tra-tort
cnacka*

Oamand
dapoalts*

Ottwr
chacfcaMa
dapoalts'

Nontrantacttona
compt>nanta
lnM3
only*
kiM2*

Savings dapoalta7
at
at
thrift
total
i oofwnafclal
Institution*
j banfca
!

Small t i n * dapoalta1
at
tnrtft
total
banfca

banfca 19

Larf »ttana

at

at

dapoaHa*
at
tnilft
total
InatHutlona

141.1

20 0 . 3

341.4

374.1

49d. 1

872.2

289.8

158.7

448.4

179.7

6.4

292.2

214.7

2043.7

686.0

OCT.
NO?.
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

145.8
682.3
686. 1 ! 150.2
691.1 ; 154.5

204.7
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
447.1

1987-JAN.
FEB.
NAB.

186.0
187.2
187.7

6.5
6.7
6.8

305.1
300.8
299.3

240.1
242.9
245.7

2085.8
2085.6
2087.1

695.0
159.8
699.3 ! 164.4
700.7
168.3

216.9
222.7
228.0

376.7
387.2
396.3

364.7
362. 6
360.0

486.9
485.9
486.1

851.6
84 8.5
84 6.1

295.7
296.0
299.0

154.0
152.3
151.1

449.7
448.2
450.1

APB.
MAY
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
2087.3
2095.0

704.0
719.5
734.9

172.2
174.5
175.5

233.8
23 7.2
239.7

406.1
411.7
415.2

357.5
357.1
360.1

486.3
486.1
490.0

843.9
84 3.2
850.1

305.9
310.7
314.9

148.7
149.1
150.2

454.6
459.7
465.1

JULY
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
2U3.3

735.9
743.1
747.3

176.6
178.0
178.0

240.2
242.0
241.4

416.8
420.0
419.4

363.4
365.3
367.2

495.3
500.5
505.2

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
194.6
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

195.1
195.3
196.0

299.8
294.9
299.7

255.6
256.6
256.8

178.0
177.5
177.3

369.9
371.0
372.2

1986-SEPT.

WEEK ENDING

1987
SEPT. 7
14
21
28
OCT.

1/
2/
3/

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

5
12 P
19 P

-

j

313.9
314.6
314.6
314.3
313.9
316.4
317,4

CURRENCY OUTSIDE THE 0. S. TREASURY, FEDERAL BESEBVE BANKS AND VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIItATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SEB7ICE THEIR OCD LIABILITIES.
OUTSTANDING AHOONT 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 DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT.
EXCLUDES THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
CONSISTS OF NOB AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS.
SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, HOMEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER),
HMDAS, AMD SAVINGS AND SMALL TIME DEPOSITS, LZSS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF
DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND TERM EURODOLLARS OF U.S. RESIDENTS, HONEY MARKET FUND BALANCES (INSTITUTIONONLY), LESS A CONSOLIDATION ADJUSTMENT THAT ttEPRBSENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY
INSTITUTION-ONLY HONEY MARKET FUNDS.
SAVINGS DEPOSITS EXCLUDE HMDAS.
SMALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $ 100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SMALL
TIME DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR HORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LARGE DENOMINATION TIME DEPOSITS AT COHflERCIAL 13ANKS LESS THOSE HELD BY HONEY HARKET HUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AN;, OFFICIAL INSTITUTIONS.




H.6 (508)
Table 4

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

1986-AUG.
SEPT.

1/
2/
3/

V

savings bonds

Non-M3 components of L
short-term treasury
bankers acceptances5^
securities1

commercial paper3

Debt components4
federal debt
non-federal debt

85.3
66.4

286.2
285.7

37.3
36.9

219.7
223.9

1727.7
1746. 4

5550.3
5617.3

OCT.
NOV.
DEC.

87.7
89.8
91.7

284.2
288.8
288. 1

37.7
38.0
37.5

228.4
228.4
230.2

1757.2
1775.6
1803.9

5665.9
5723.8
5797.5

1987-JAN.
FEB.
MAfi.

92.7
93.5
94.3

284. 1
285.6
269.2

37.8
39.3
39.8

239.7
239.8
239.1

1818.0
1849.3

5848.2
586 5.6
5896.8

APfi.
MAY
JUNE

95. 1
9 5. 9
96. 5

256. J
262.2
259.8

41.2
42.4
43.5

244.9
254.3
252.1

1861. 1
187J. 9
1ti85.6

5945.7
5991.3
6031.3

JULY
AUG. P

97. 3
97. 8

249. 1
252.2

43.4
42.8

248.4
250.2

1888.6
1902. 5

6065.6
6100.9

CONSISTS OF U . S . TBEASUBY BILLS AND COUPONS Wild B R A I N I N G MATUBITIES OF LESS THAN 12 MONTHS HELD tit OTHKM THAN DEPOS1TOBY
INSTITUTIONS, FEDERAL RESERVE BANKS. HONEY HABKfiT MUTUAL FUNDS AND FOKJSIGN E N T I T I E S .
NET OF bANKEBS ACCEPTANCES HELD BY ACCEPTING iJANKS, FEDEiiAL BESEBVE BANKS, FOBEIGN OFFICIAL INSTITUTIONS, THE FEDE&kL
UOME LOAN BANK SYSTEM AND MONEY HABKET MUTUAL FUNDS.
TOTAL COMMEBCIAL PAPEB LESS COMMJ2BCIAL PAPEB HELD BY HONEY MARKET MUTUAL FUNDS.
DEBT DATA ABE ON A MONTHLY AVEBAGE B A S I S , DEiiltftiD BY AVERAGING END-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO BEHOVE DISCONTINUITIES.




H.6 (508)
Table 5

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

1

Currency

Travelers
checks2

Demand
deposits3

at commercial
banks4

at thrift
institutions5

Nontransactions components
total

6

in M2

7

in M3 only

Overnight
RPs8

Overnight
Eurodollars9

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.
NOV.
DEC

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
207.1
207.6

1987-JAN.
FEB.
MAR.

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.
MAY
JUNE

188.0
190.2
191.9

6.4
6.5
7.1

305.8
298.8
298.8

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
731.6

56.2
55.1
54.5

20.7
20.9
20.0

211.0
208.9
209.6

JULY
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

728.5
740.6
749.2

56.0
59.4
59. 1

18.7
18.3
20.6

209.8
212.8
216.5

1986-SEPT.

WEEK ENDING:
1987-SEPT.

OCT.

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

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 P
19 P

195.0
196.4
195.6

304.6
295.7
302.2

176.8
177.9
177.2

78.8
79.2
78.5

255.6
257.1
255.7

62. 1
59.9
60.9

20.4
19.3
18.5

215.6
217.2
218.5

CUBBENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND THE YAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THfilR OCD LIABILITIES.
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 OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVEBNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT, LESS THE ESTIMATED AMOUNT OF DEMAND
DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF NOR AND ATS BALANCES AT COMMERCIAL BANKS, O.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS.
CONSISTS OF NOR AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHABE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS.
SUM OF OVERNIGHT RPS AND EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), HMDAS AND SAVINGS
AND SMALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTIOH-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED ArtuUNT OF OYEPNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY
MONEY MARKET MUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT EPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
MONEY MARKET 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
MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BKOKER/DEALER).




H.6 (508)
Table 5-continued

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

at

total

commercial
banks

thrift
institutions

189.9

558.8

141.0

372.6
375.9
379.0

191.9
192.8
192.4

564.4
568.7
571.4

381.7
378.5
378.2

192.5
192.3
192.3

JUNE

375.4
368. 9
367.6

JULY
AUG.
SEPT.

365.2
364.0
362.4

at

at

at

total

commercial
banks

thrift
institutions

total

commercial
banks4

thrift
institutions

total

198.6

339.6

375.9

497.4

873.3

291.2

159.1

450.3

146.4
150.3
153.8

204.8
209.0
211.8

351.2
359.3
365.6

371.3
366.7
364.4

496.1
492.8
489.8

867.3
859.5
854.2

289.3
290.6
293.2

157.8
156.0
154.9

447.1
446.7
448.1

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
3 62.1
359.7

490.0
488.4
486.3

854.5
850.5
846.0

296.9
298. 1
301.3

154.4
153.1
151.2

451.3
451.2
452.5

190. 1
188.3
185.9

565.5
557.1
553.5

172.1
174.8
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
311.8

148.0
149.1
149.8

451.2
458.3
461.6

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
J15.4

150.7
153.2
155.6

461.1
466.2
471.0

commercial
banks

thrift
institutions

368.9

OCT..
NOV.
DEC.

1987-JAN.

1986-SEPT.

FEB.
MAB.
APR.
HAY

Large denomination time deposits3

at

at

Date

Small denomination time deposits2

Savings deposits1

Money inarket deposit accounts
at

WEEK ENDING
1987
SEPT.

OCT.

1/
2/
3/
4/

7
14
21
28

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
316.9

5
12 P
19 P

360.2
360.1
359.1

178.7
178.9
178.3

371.3
372.5
373.1

316.2
318.4
318.2

SAVINGS DEPOSITS EXCLUDE HHDAS.
SHALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL BPS — APE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IHA) AND KEOGH ACCOUNTS AT Cl>3HERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SMALL
TIME DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LAHGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HP.LD BT HONEY MARKET MUTUAL FUNUS, DEPOSITORY
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




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-SEPT.

Institution
only money
market funds

at commercial
banks

at thrift
institutions

r
total

Term
Eurodollars2

Savings
bonds

Non M3 Components of L
Short-term
treasury
Bankers
acceptances 4
securities 1

Components of Debt
Commercial
paper*

Federal debt*

Non-Federal*
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
227.9
228.7

1748.6
1771.7
1803.3

5661.8
5715.0
5791.6

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

5842.6
5851.7
5882.0

APR.
MAI
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
89.5

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

5930.3
5977.7
6021.3

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

86.3
93.0
98.1

97.1
97.7

248.7
253.6

43.6
43.5

249.2
249.2

1886.6
1916.2

6081.0
6120.8

7
14
21
28

82.4
80.7
80.6
79.5

41.0
40.7
41. 1
41.7

5
12 P
19 P

79.2
80.1
80.1

37.0
38.3
36.0

OCT.
NOV.

DBG.
198 7 - JAN.
FEB.

AUG.

SEPT.
MEEK ENDING;
1987-SEPT.

OCT.

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

TJjiRM RPS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS. INCLUDES
A RELATIVELY SHALL AMOUNT OF OVERNIGHT RPS AT THRIFT INSTITUTIONS.
TERM EURODOLLARS AEE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAY. CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS BY
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 HONEY MARKET MUTUAL FUNDS.
CONSISTS OF U.S. TREASURY BILLS AND COUPONS MITH BEMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BY OTHER THAN DEPOSITORY
INSTITUTIONS* FEDERAL RESERVE BANKS, HOHET IUBKJST MUTUAL FUNDS, AND FOREIGN ENTITIES.
H£T OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPEH LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A KOiTHLY AVERAGE BASIS* DERIVED BY AVERAGING END-OF-MONTH LEVELS OF ADJACENT MONTHS. AiD 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

U.S. government deposits

Time and
savings
deposits
due to foreign
commercial
banks and
foreign official
institutions

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

3.6

5.6

14.6

23.8

1.8

71.5

95.2

10.5

177.2

OCT.
NOV.
DEC.

10.0
9.7
9.9

1.8
2.0
1.8

4.2
4.1
4.1

3.4
3.4
3.7

3.4
3.2
3.7

11.8
11.9
15.5

18.6
18.4
22.9

1.8
1.7
1.7

71.6
72.1
72.8

95.6
95.6
96.2

10.8
10.7
10.7

178.1
178.4
179.7

19 8 7 - JAM.
FEB.
MAE.

10.4
9.9
9.5

1.8
1.7
1.7

4.0
4.0
4.0

3.7
3.3
3.5

9.6
5.0
3. 1

23.8
25.2
13.6

37.1
33.6
20.3

1.7
1.6
1.6

73.4
74.0
75.4

97.2
97.7
98.8

10.8
11.0
11.2

181.4
182.8
185.4

APJ2.
HAY
JUNE

9.7
9.6
9.8

1.9
2.1
2.0

3.9
3.9
3.9

5.0
3.4
3.6

7.0
16.0
8.7

16.6
27.4
21.8

28.5
46.8
3*. 2

1.7
1.8
1.6

78.5
79.2
79.5

101.3
102.0
102.7

12.4
13. 1
i3.3

192.1
194.2
195.4

JULI

9.7
9.3
9.8

2.0
2.1
2.0

3.Q
3.8
3.8

3.3
3.0
4.2

5.3
3.4
^0.3

23.3
18.6
21.3

31.9
25.0
35.9

1.8
1.8
1.7

80.1
b0.7
81.3

103.4
103.5
103.9e

13. 3e
13.3e
13.Je

196. 8e
197. 6e
198. 5e

15.0
13.8
2 6.8
28.8

22.8
20.0
50.6
49.9

1.7
1.7
1.7
.5

24.1
25.6
28.0

35.9
31.4
41.2

.7
.7
•7

Date

1 9 8 6 - SEPT.

AUG.

SEPT.
WEEK ENDING
1987
SEPT.

OCT.

•
7
14
21
28

9.7
10.0
10.3
9.2

2.1
1.9
1.8
2.0

3.8
3.8
3.8
3.8

3.4
3.3
7.4
2.9

4.5
2.9
16.4
18.3

5
12 P
19 P

10.0
9.2
10.4

2.0
1.7
1.9

3.8
3.8
3.8

3.6
2.9
3.6

8.0
2.9
9.6

e = estimated




commercial
banks

thrift
institutions

money
market
mutual funds

total