Full text of H.6 Money Stock Measures : October 8, 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 (506)
Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

OCTOBJSB

o&rilions 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

8,

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors51

1987

Seasonally adjusted

1986—AUG.
SEPT.
OCT.
NO?
DEC

687. Q
693.1
701.4
712.4
730.5

2718.7
2736.8
2761.4
2776.3
2801.2

3396.0
3422.7
3443.7
3462.4
3492.3

4027.7
4057.8
4084.2
4110.8
4144.2

7277.9
7363.7
7423.1
7499.5
7601.3

1987—JAN.

737.7
737.4
739.5
750.3
753. 1

2823.5
2823.0
2826.5
2839.9
2840.7
2842.3
2848.4
2862.7

3518.4
3522.3
3527.3
3543.9
3560.2
3577.1
3584.1
3606.$

4177.8
4186.5
4176.6
4188.5
4221.2

7666.2
7697.8
7748.1
7806.8
7865.1

4224.1

7916.9
7960.3

fEB.
HAB.
APE.
HA I
JUNE
JULY
AUG.

746.5
747.6
750.9

Not seasonally adjusted

1986—AUG.
SEPT.
OCT.
NOV.
DEC

685.2
691.2
698.9
715.4
746.5

2716.1
2729.3
2757.8
2778.5
2814.7

3392.2
3417.1
3440.2
3466.7
3507.5

4024.4
4051.8
4078.5
4113.6
4157.6

7256.8
7347.8
7410.4
7486.8
7594.9

? 987—JAN.

744.4
723.3
728.9
757.5
744.9
749.1
751.5
749-3

2833.7
2811.1
2820.3
2848.6
2829.6
2843.4

3529.2
3512.6
3524.4
3552.0
3550.4
3574.9
3583.9
3602.3

4189.1
4178.3
4179.9
4196.5
4205.7
4232.1
4224.4

7659.6
7678.4
7720.3
7777.0
7835.5
7890.4
7936.9

BAR.
APE.
HAY
JUNE
JULI
AUG.

2855.5
2860.7

M1
For period ended
13-week average

1987-AUG.

3
10
17
24
31

SEPT.

7
14

21 P
28 P

NOTE:

Seasonally adjusted
4-week average

week average

13-week average

Not seasonally adjusted
4-week averagei

week average

749.3
749.2
749.0
748.6
748.4

748.0
749.6
750.2
751.2
751.1

751.6
749.6
750.7
753.0
750.9

748.4
749. 2
749.8
750- 2
749. 8

748.0
747.9
748.7
750.0
748.5

747.0
757.4
753.6
741.8
741.0

748.4
748.9
749.3

750.3
750.2
750.7
750.$

746.4
750.3

749- 8
750. 2
750- 4
750. 3

748.8
750.5
751.8
749.7

756.9
760. 1
747.0
732.6

750.0

755.2
751.$

SPECIAL CA0TION S B 0 0 L D BE TAKEN IN INTEEPHBTING NEE*-TO-MBEK CHARGES I N MONBI SUPPJ.I DATA, iHICil ABE
HIGHLY VOLATILE AND SUBJECT TO R E V I S I O N .
±>—INDICATES PfiELIfllNABI DATA.
FOOTNOTES APPEAfi ON THE fOLLOSING PAGE




Table 2

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

M1

5.2

3.7

2.8

4.8

7.7

9.3

5.3

6.2

10-7

1987 TO AUG.

198?

-1.2

6 MONTHS FRO!! FEB.

1987 TO AUG.

1981
1981

1986 TO AUG.

Debt1

M3
3. 1

3 SOUTHS FROH MAY

12 MONTHS FROH AUG.

M2

7.9

THIRTEEN SEEKS ENDING SEPT. 28, 1987
FROH THIRTEEN ifiEKS ENDING;
JUNE

29, 1987 (13 HEEKS PREVIOUS)

0.2

HAH.

30, 1987 (26 WEEKS PREVIOUS)

3.3

SEPT. 29, 1986 (52 HEEKS PREflOUS)

9.4
i

.,,., IJM*.,,,,,,

GRONTH RATES FOR DEBT AR£ BASED ON PERIODS BEGINNING AND ENDING ONE MONTH EARLIER THAH FOR THE BOBETART AGGREGATES,
NAMELY, APRIL 1987 TO JULY 1987, JANUARY 1987 TO JOLT 1987, AMD JOLT 1986 TO JOLT 1987, RESPECTIVELY.
1/

2/

3/

4/
5/

FOOTNOTES TO TABLE 1
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF COMMERCIAL BANKS;
(21 TRAVELERS CHECKS OF NONBAMK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSB DOB TO
DOMESTIC BANKS, THE U.S. .GOVERNMENT, AMD FO&EIGU BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS Iff THB PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AMD (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER
OF WIT-HDBAWAL (NOW) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CREDIT UNION SHARE DRAFT ACCOUNTS AMD DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEHAND DEPOSITS, RESPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF M1 PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMERCIAL BANKS AND OVERNIGHT BURODOLLABS
ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S» BANKS WORLDWIDE, MHDAS, SAVINGS AND SMALL DENOMINATION
TIMS DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL R P S — I N AMOUNTS OF LESS THAN $100,000), AND BALANCES IN BOTH
TAXABLE AMD TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER HONEY MARKET HUTUAL FUNDS. EXCLUDES IBA AND KBOGH
BALANCES AT DEPOSITORY INSTITUTIONS AMD HONEY HARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMERCIAL
BANKS, HONEY MARKET FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AMD COMHBRCIAL BANKS, AND
THE U.S. GOVERNHENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTHBNT THAT REPRESENTS THB ESTIMATED AMOUNT
OF DEHAND 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 $100,000 OR MORE) AND TERM *P LIABILITIES ISSUED
BY COHHERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY 0.$. RESIDENTS AT FOREIGN BRAMCHBS 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 HUTUAL FUNDS. EXCLUDES AHOUNTS HELD BY DEPOSITORY INSTITUTIONS, THB \JmS* GOVERNMENT, HOBBY
HARKET FUHt>S9 AMD FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT UtPtLMSMfHtS
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY HONEY HARKET HUTUAL FUNDS.
CONSISTS OF H3 PLUS THE NONBAMK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERfl TREASURY SECURITIES, COHHBRCIAL
PAPER AND BANKERS ACCEPTANCES, NET OF HOMEY HARKET HUTUAL FUND HOLDINGS QF THESE ASSETS.
DEBT OF DOHESTIC MONFINANCIAL SECTORS CONSISTS OF OUTSTANDING CREDIT HARKST DEBT OF THB UNITED STATES GOVERMHBNT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE BONDS, HORTGAGES,
CONSUMER CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COHHERCIAL PAPER, BANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ARE DERIVED FROH THE FEDERAL RESERVE BOARD'S FLON OF FUNDS ACCOUNTS. ALL DATA ON DBBT OF DOMESTIC
NONFINANCIAL SECTORS ARE PRESENTED IN HONTH-AVERAGE FORH, DERIVED BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS. THESE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT HAY ARISE IN THE UNDERLYING FLOV OF FUNDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FROH THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED
IN THE FEDERAL RESERVE RELEASES 2.7 AND Z. 1. IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE MEASURED ON
A QUARTER-END BASIS AMD INCLUDE DISCONTINUITIES.




COMPONENTS OF THE MONEY STOCK
•afcctad nontfanaactlona Mama

Nontfanaacttona
Othar
Cywaaay*

-

T-wataia

! mm*

In Ml

at

at
thrift

total

at

at

thrift

at
thrift

total

banka

1986-AUG.
SEPT..

179.0
179.7

291.2
292.2

210.4
214.7

2031.7
2043.7

678.0
686.0

137.5
141.1

197.2
200.3

334.6
341.4

377.0
374.1

499.6

498.)

876.7
872.2

290.1
289.9

159.3
158.7

449.4
448. #

293.4
297.9
308.3

220.3
225.8
232.3

2060.0
2063.9
2070.9

682.3
686.1
691.1

145.8
150.2
154.5

204.7
208.3
211.9

350. 5
358.5
366.3

370. 0
365.9
364.7

494.*
491.3
488.7

864.7
857.1
853.5

288.1
289.9
291.9

157. *
155.9
15S.3

445.5
445.9
447.1

OCT.
NOV.
DEC.

181.2
182.4
183.5

6.4
6.4
6.4
6.4
6.4

1987-JAN.
PSB.
BAR.

186.0
187.2
187.7

6.5
6.7
6.9

305.1
300.9
299.3

240.1
242.9
245.7

2085.8
2085.6
2087.0

695.0
699.3

700.7

159.9
164.4
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
848.5
846.1

295.7
296.0
299.0

154.0
152.3
151.*

449.7
448.2
4511.1

APR.
HAI
JOBS

188.9
190.2
191.1

6.9
6.7
6.9

303.9
303.9
297.4

250.7
252.2
251.2

2089.6
2087.6
2095.7

704.0
719.5
734.9

172.2
174.5
175.5

233.9
237.2
239.7

406.1
411.7
415.2

357.5
357. 1
360.1

486.4
486.2
490.2

843.9
643.3
850.3

305.9
310.7
314.9

148.7
149.0

454.6
459.7
465.0

JULI
AOG.

192.1
193.2

6.9
6*9

296.2
296.4

252.5
254.5

2100.9
2111.7

735.7
744.|

176.6
178.0

240.1
242.0

416.7
420.0

363.4
365.3

495.5
500.7

858.9
866.0

313.7
313.7

152! 9
I

HBSK SNDING
1987
AUG.

3
10
17
24
31

SBPT. 7
14
21 P
2B P

1/
2/
3/

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

464.9
466.7

192.1
192.9
193.2
193.7
193.4

298.3
296.0
295.8
296.8
296.1

254.3
253.8
254.9
255.5
254.4

177.0
178.0
178.2
178.0
178.0

365.0
365.1
365.1
365.5
365.6

193.9
194.1
194.6
195.|

292.1
294.4
296.3

253.3
254.7
257.3

178.1
178.0
177.9

365.7
366.8
367.5

i

313.3
314.5
313.1
314.4
313.4
314.3
315.0
315.0
314,7 I

CfJBBSBCI O0TSIDE TBS 0 . 3 * TRBAS0RI, FEDERAL RESERVE BAMKS ABO VAOLTS OP COBHEBCIAL BANKS.
EXCLUDES TBS BSTIBATED
ABO01T OP VAULT CASB B2LD BT TBBIPT INSTITUTIONS TO SERVICE THEIR OCO L I A B I L I T I E S .
OOTSTABDIBG ABOOBT OP O . S . DOLLAI-DBNOBIBATED TRAVELERS CHECKS OP BOBBABK I S S U E R S . TRAVELERS CESCIS ISSOSD BI DEPOSITOR!
INSTITUTIONS ABS INCLUDED I B DERAMD DEPOSITS.
DEflAND DEPOSITS AT COBBBBCIAL BA0KS AMD POBBIGB BELATED IBSTITOflOBS OTHER THAU TBOSB DOS TO DOflESTIC BABKS, TBB 0*8+
G0m*~
BBBT ABD POBEIGB BABKS AID OPPICIAL INSTITUTIONS L&SS CASB ITEBS I B TBS PROCESS OP COU.SCTIOB ABD PSJ>BBAL BESEBfB PLOAT.
EXCLUDES THE ESTIMATED ABOOBT OP DBflABD DEPOSITS HELD AT COBBSBCXAL BABKS B I TBBIPT IBSTXTOTXOBS TO SSBfXCS THBI1 OCD
LIABILITIES.
COBSISTS OP BO« ABD ATS BALANCES AT ALL DEPOSITORI I B S T I T O T I O I S , CREDIT UNIOB SBARE ORAPT BALANCES ABD
DSBABD DEPOSITS AT THRXPT INSTITUTIONS.
SOB OP OVSSBXGBT RPS ABD OVERBIGBT EURODOLLARS, BOBSX BARKET PUND BALABCBS (GENERAL PORPOSB ABD BBOKBR/DEALEV)0
BBDAS, AND SAVINGS AND SHALL TIBS DEPOSITS, LiSS TBS CONSOLXDATXOB ADJOSTBSBT TBAT BSPRSSSBTS THE SSTXBATBD ABOUffT OP
DEBAND DEPOSITS AND VAOLT CASB HELD BT TBRIPT INSTITUTIONS TO SEBVICS TBEIR TIME ABD SAVINGS DEPOSITS L I A B I L I T I E S .
SUKL OP LABGS TXBB DEPOSITS, TBRfl BPS ABD TERB EURODOLLARS OP 0 . S . RESIDENTS, BONET BARKST PUND BALANCES (INSTITUTXONO N L I ) , LBSS A CONSOLIDATION ADJOSTBSBT TBAT REPRESENTS TBB ESTIBATED ABOOBT OP OVBBBXGBT BPS ABO EURODOLLARS BELD BX
INSTITUTION-ONLY BONET BAAKET PONDS.
SAVINGS DEPOSITS BXCLODS HflDAS.
SHALL DENOBIBATION TIBS DEPOSITS—INCLODIBG RETAIL B P S - ABB THOSE ISSUED I B AH00NTS OP LESS THAN $ 1 0 0 , 0 0 0 . ALL
-INDIVIDUAL RSTIREBENT ACCOONTS (IRA) AND KEOGH ACCOONTS AT COBBERCXAL BABKS ABD TBBIPTS ARE SUBTRACTED PBOB SHALL
TIflE DEPOSITS.
LARGE DENOBINATIOll TIBE DEPOSITS ARE THOSE ISSOED IB ABOOBTS OP $ 1 0 0 , 0 0 0 OR BORE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LARGE DENOMINATION tlHH DEPOSITS AT COBftBRCIAL BANKS LESS TBOSS HELD BX BONSX BASKET BOTOAL FVWDS.
DEPOSITOR! INSTITUTIONS AND PORTION BANKS AND OPPICIAL INSTITUTIONS.




H.6 (506)
Table 4

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

Debt components4
federal debt
non-federal debt

39.0
37.3
36.9

214.5
219.7
223.9

1711.3
1727.7
1746.4

54*0.4
5550.3
5617.3

87.7
89.8
91.7

286.7
292.2
292.4

37.7
38.0
37.5

228.4
228.4
230.2

1757.2
1775.6
1803.9

5665.9
5723.8
5797.5

92.7
93.5
94.3

289.3
291.7
276.1

37.8
39.3
39.8

239.7
239.8
239.1

1818.0
1832.2
1849.3

5848.2
5865.6
5898.8

JOIE

95.1
95.9
96.5

263.4
268.5
263.7

41.2
42.4
43.5

244.9
254.3
252.1

1861. 1
1813.9
1685.6

5945.7
5991.3
6031.3

JOLI p

97.3

250.6

43.9

248.2

18*8.6

6071.6

SEPT.
M

MOf.
DBC.
1987-JAB.
FSB

BAB.
APR.
HIT
o ••*

3/
4/

commercial paper3

292.6
288.7
287.9

A

2/

Non-M3 components of L
short-term treasury
bankers acceptances2
securities1

84.3
85.3
86.4

1986-JOLI

1/

savings bonds

CONSISTS OP 0 . S . TBBAS0BI BtLLS AID CO0POIS H I M BBBAIBIBG BATORITIBS OF LESS THAI 12 HOMTBS HELD Bl OTHER THAU DBPOSITOBI
IISTIXOTIOMS* FBDBBAL RBSEBfB BABKS, BOHBX BASKET M0T0AL FUSOS AMD FOfiEIGI BBTITIBS.
IBT OF BABSBBS ACCBPTABCBS BZLD Bl ACCBPTIBG BkUZS. FXDERkL U&S&BVE BABKS, FOBBI6B OFFICIAL IBSTItOTIOBS, TBB FEDEBAL
BOflB LOAB BAM SISIBB ABO BOB El BABKBT H0T0AL FUBDS.
TOTAL COflflEBCIAL PAPBB LESS COBBBBCIAL PAPBB HBLJ) 0 1 BOBBT BABKBT HOTUAL FOBOS.
DBBT © S A ABB OB A BOBTHJ.I Af BBAGE BASXS, DEBIfBO Bl A?BBAGIBG EBO-OF-BOBTB LBntS
OF ADJACBBI BOBtllS^ AMD HUE BBBB
ADJUSTED TO BBHOfB DISCOBTIBOITIBS.




H.6 (508)
Table 5

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

Other checkable deposits
Demand
deposits3

Travelers

Date

1

Currency

checks 2

at commercial
banks4

at thrift
institutions*

total

in M2

e

7

in M3 only

Overnight
RPs8

Overnight
Eurodollars*

General
purpose and
broker/dealer
money market
funds

179.9
179.5

7.3
6.9

289.4
291.3

143.0
146.9

65.6
66.6

208.6
213.5

2030.9
2038. 1

676.2
687.8

57.9
56.0

17.1
17.2

200.5
202.2

OCT.
HO¥.
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.
FSB.
BAR.

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.
HAY
JOBS

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
2084.7
2094.3

703.5
720.8
731.5

56.2
55.1
54.5

20.7
20.9
20.0

211.0
209.1
210.2

JULI
AOG.

193.6
194.1

7.7
7.9

298.6
294.8

172.9
174.5

78.5
77.3

251.4
252.5

2104.0
2111.4

728.4
741.6

56.0
59.5

18.7
18.0

210.4
213.4

1986-AUG.
SEPT.

SEEK ENDING:
1987-AOG.

SEPT.

•

3
10
17
24
31

193.1
195.6
194.6
193.6
192.6

295.4
298.1
297.9
290.2
290.6

172.8
176.3
174.6
173.6
173.5

77.8
79.6
78.6
76.5
76.5

250.5
255.9
253.2
250.1
250.0

60. 1
60.4
59.3
59.2
58.8

20.5
17.1
17.6
17.2
19.0

211.7
212.8
213.0
214.2
214.4

7
14
21 P
28 P

196.0
194.6
194.2
193.0

296.8
299.0
291.4
285.3

178.8
179.3
176.3
171.8

79.6
79.3
77.6
75.2

258.4
258.6
253.9
247.0

58.4
59.1
59.0
59.9

16.9
18.2
20.3
24.9

215.0
218.4
218.4
216.8

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

CUBBENCI OUTSIDE TBS 0.$. TREASURY, FEDERAL RESERVE BANKS AMD THE VAULTS OF COBBERCIAL BANKS. EXCLUDES THE ESTIHATBD
AMOUNT OF fA0LT CASH HELD BI THRIFT INSTITUTIONS TO SERVICE THE18 OCO LIABILITIES.
OUTSTANDING AROONT OF U.S. DOLLAB-DEBOBINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BI DEPOSITORI
INSTITUTIONS ABE INCLUDED IN DEHAND DEPOSITS.
DEHAND DEPOSITS AT COMMERCIAL BANKS OTHEB THAN THOSE DUE TO DOHESTIC BANKS, THE U.S. GOfERNHBNT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITBBS IN THE PROCESS OF COLLECTION AND F.R. FLOAT, LESS THE ESTIMATED AHOUNT OF DEHAND
DEPOSITS HELD AT COHHBRCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
COMSIStS OF NON AND ATS BALANCES AT COHHERCIAL BANKS, U.S..BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS.
CONSISTS OF NON AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND HUTUAL SA7INGS BANKS, CBBDIT UNION SHABB
DRAFT BALANCES, AND DEI!AMD DEPOSITS AT THRIFTS.
SUB OF OVEBNIGHT BPS AND EURODOLLARS, BON Elf HABKET FUND BALANCES (GENERAL PURPOSE AND BBOKBJt/DEALBfi) , HflDAS AND SAFIN6S
AND SHALL TIBE DEPOSITS LESS THE ESTIHATED AHOUNI OF DEHAND DEPOSITS AND FAULT CASH HELD BY THRIFT INSTITUTIONS TO SEBTICE
THEIB TIME AND SAVINGS DEPOSIT LIABILITIES.
SUM OF LARGE TIBE DEPOSITS, IERH RPS AMD EURODOLLARS OF U.S. RESIDENTS, HONEI BASKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTHENT THAT BEPRESENTS THB ESTIHATED AHOUNT OF OVERNIGHT BPS AND EUBODOLLABS HELD BY INSTITUTION-ONLI
HONEI HARKBT HUTUAL FUNDS.
CONSISTS OF OVEBNIGHT AND CONTINUING CONTRACT MPS ISSUED BI COHBERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
HONEI HABKET HUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
ISSUED BI FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORI INSTITUTIONS AND
HONE* HARKET HUTUAL FUNDS (GENEHAL PURPOSE AND BROKER/DEALER).




H.6 (508)
Table 5-continued

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

Date

Money rnarket deposit accounts
at
at
total
thrift
commercial
institutions
banks

at
commercial
banks

Savings deposits
at
thrift
institutions

total

Small denomination time deposits2
at
at
thrift
commercial
total
institutions
banks

Large denomination time deposits 3
at
at
thrift
commercial
total
banks4
institutions

364.3
368.9

189.3
189.9

553.6
558,8

137.6
141.Q

195.6
198.6

333.2
339.6

378.5
375.9

498.9
497.4

877.5
873.3

289.9
291.2

159.3
159.1

449.2
450.3

372.6
375.9
379.0

191.9
192.8
192.4

564.4
568.7
571.4

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
293.4

157^9
156.0
154.9

447.1
446.7
448.1

381.7
378.5
378.2

192.5
192.3
192.3

574.3
570.8
570.6

159.2
162.8
167.2

217.1
221.8
227.9

376.4
384.6
395.1

364.4
362.1
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

JUNE

375.4
• 368.9
367.6

557.1
553.5

172.1
174.8
176.6

234.0
237.8
240.8

406.1
412.7
417.5

355.6
3 55.7
359.7

484.7
482.9
487.4

840.3
838.6
847.1

303.2
309.2
311.8

148.0
149.0
149.7

451.2
458.3
461.5

JULY
AUG.

365.2
364.0

182.8
179.5

548.0
543.5

178.9
178.2

241.9
240.1

420.3
418.4

363.9
366.7

495.1
499.9

856.9
866.6

310.4
313.1

150*6
153.1

461.0
466.1

1986-AUG.
SEPT.
OCT.

NOV.
DEC.
1987-JAN.
FEB.
HAft.
APB.
HAT

MEEK ENDING
1987
AUG.

3
10
17
24
31

SEPT. 7
14

21 P
28 P

1/
2/
3/
%/

364.1
364.8
364.0
363.9
363.1

178.4
178.9
178.6
177.9
177.6

365.6
3 66.2
366.5
367.1
367.3

311.2
312.9
312.0
314.2
314.3

364.6
365.0
361.6
359.5

178.2
178.2
177.7
177.4

368.0
368.5
369.1
370.0

315.1
315.4
316.0
J17.3

SAVINGS DEPOSITS EXCLUDE AHDAS.
SHALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL fiPS — ARE THOSE ISSUED IN AHOUNTS Of LESS THAN $100,000. kLL
INDIVIDUAL RETIREMENT ACCOUNTS (IfiA) AND KEOGH ALCO0NTS AT COHHEfiCIAL BANKS AND THRIFTS ABE SUBTRACTED fBOH SHALL
TIME DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AHOUNTS OF $100,000 OB MORE* EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IB*S).
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BI HONEI MARKET MUTUAL FUNDS, DEPOSITOR*
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H« (506)
Table 5-contlnued

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
Eurodollars1

Savings
bonds

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

Oocnponenti of Deot
Commercial
paper4

Federal debt*

Non-Federal*
debt

80.8
84.4

33.9
35.7

41.0
42.4

74.9
78.1

78.0
81.4

85.2
86.4

290.2
287.8

37.9
37.4

219.0
223.1

1713.3
1734.5

5543.6
5613.3

OCT.
MOV.
DEC

84.5
84.4
84.1

34.5
37.3
35.4

44.3
46.*
48.6

78.8
83.8
84.0

78.0
79.3
83.0

87.8
89.9
91.9

283.8
291.0
292.2

38.0
38.0
37.4

228.7
227.9
228.7

174a. 6
1771.7
1803.3

5661.8
5715.0
5791.6

1987-JAN.
FEB.
HAH.

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.$
94.3

290.1
292.9
281.8

37.8
38.9
39.3

239.3
240.4
240.2

1616*9
1826*7
1838.3

5842*6
5851.7
5882.0

APfi.
HAY
JUNE

83.1
81.8
81.3

38.4
40.8
40.8

56.0
61.5
66.2

94.3
102.3
107.0

83.9
87.0
89.5

95.1
95.8
96.5

265.2
263.7
262.0

40.5
42.2
43.5

243.8
253.6

5930.3

255.1

1846.7
1857.8
1869.1

JOLI
AUG.

83.4
83.4

39.0
40.0

67:5
66.6

106.5
106.7

86.2
94.0

97.1

250. 2

44.2

249*0

1872.4

60$4.5

1986-AUG.
SEPT.

5977.7
6021.3

MEEK ENDING:
1987-AUG.

SEPT.

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

84.5

38.4

17
24
31

83.4
83w2
83.7
82.9

38.7
39. 8

7
14
21 P
28 P

82.4
80.7
80.6
79.5

40.8
40.5
40.9
41.7

3
10

40.9
41.3

TERM RPS ABE THOSE WITH ORIGINAL HAT0B1TIES 6HBATBR THAN OIB DAI, EXCLUDING CONTINUING CONTRACTS AID 1STAIL RPS. INCLUDES
A RELATIVELY SHALL ANOONT OF OVERNIGHT BPS AT THRIFT INSTITUTIONS.
TERM EURODOLLARS ARE THOSE «ITH ORIGINAL HAIORITIBS GREATER THAN ONB DAI. CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS BI
FOREIGN BRANCHES OF O.S. BANKS WORLDWIDE ANDfllALL BANKING OFFICES IN THB UNITED KIUGDOH AND CANADA. EXCLUDES THOSE HBLD
BY DEPOSITORI INSTITUTIONS AND HOMEY BARRET MUTUAL FUNDS.
CONSISTS OF U.S. TREASURI BILLS AND COUPONS WITH RBflAINING HATURITIBS OF LESS THAN 12 HONTHS HBLD BY OTHER THAN DEPOSITOR!
INSTITUTIONS, FEDERAL RESERfS BANKS. MONET BASKET HUTUAL FUNDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BX ACCEPTING bANKS, F&DE&kL RESEB^E BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOHE LOAN BANK SYSTEM AND HONEI MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPEK HELD BX HONEY HARKET HUTUAL FUNDS.
DEBT DATA ARE ON A HONTHLI AVERAGE BASIS, DERIVED BX AVERAGING END-OF-HONTH LEVELS OP ADJACENT HONTHS, AND HAVE BBBN
ADJUSTED TO REHOVfc 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

foreign
commercial
banks

foreign
official
institutions

9.5
9.9

1.7
1.8

4.2
4.2

3.0
3-*

3.2
5.6)

8.1
14.6

OCT.
NOT.
DEC.

10.0
9.7
9.9

1.8
2.0
1.8

<t.2
4.1
4.1

3.4
3.4
3.7

3.4
3.2
3.7

1987-JAM.
FSB.
NAfi.

10.4
9.9
9.5

1.8
1.7
1.7

4.0
4.0
4.0

3.7
J.3
3.5

APfi.
HAY
JUNE

9.7
9.6
9.8

1.9
2.1
2.0

3.9
3.9
3.9

JOLT
AUG.

9.7
9.3

2.0
2.1

10.2
9.6
8.6
9.0
9.7
9.7
10.0
10.3
9.2

Date

1986-AUG.
SEPT.

total demand
deposits and
note and
FR balances

IRA and Keogh Accounts
time
and savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

money
market
mutual funds

total

14.2
23.8

1.7
1.8

71.J
71.5

95.1
95.2

10.2
10.5

176.7
177.2

11.8
11.9
15.5

18.6
18.4
22.9

1.8
1.7
1.7

71.6
72.1
72.6

95.6
95.6
96.2

10* 8
10.7
10,. 7

178.1
178.4
179.7

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
165. H

5.0
3.4
3.6

7.0
16.0
8.7

16.6
27.4
21.8

28.5
46.8
34.2

1.7
1.8
1.8

78.5
79.2
79.5

101.3
1O2.0
102.7

12.4
12. 8e
12. 8e

192.1
193. 9e
194.9e

3.8
3.8

3.3
3.0

5.3
3.4

23.3
18.6

31.9
25. 0

1.8
1.8

80.1
60*7

103.4
103.5e

12.8e
12.8e

196. 2e
197.Oe

1.9
2.3
2.0
1.9
2.2

3.8
3.8
3.8
3.8
3.8

3.2
3.1
3.2
3.0
2.6

5.0
3.6
3.2
2.9
3. 1

15.4
15.8
15.5
22.4
22.1

23.6
22.5
21.9
28.3
27.8

1.8
1.8
1.8
1.8
1.8

2.1
1.9
1.8
1.9

3.8
3.8
3.8
3.8

3.4
3.3
7.4
2.8

4.5
2.9
16.4
18.3

15.0
13.8
26.8
28.8

22.8
20.0
50.6
49.9

1.7
1.7
1.7
1.5

*

WEEK BMDIHG;

1987
AUG.

3
10
17
24
31

SEPT. 7
14
21 P
28 P

e = estinated




t