Full text of H.6 Money Stock Measures : September 17, 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

SEPTSflflEfi

Billions of dollars
M1
Sum of currency,
travelers checks,
demand deposits and
other checkable deposits1

Date

M3
M2
M2 plus
M1 plus overnight RPs
and Eurodollars,
large time deposits,
MMMF balances (gen. pur. term RPs, term Eurodollars
and institution-only
and broker/dealer), MMDAs,
MMMF balances3
and savings and small
2
time deposits
Seasonally adjusted

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors'*

198b—AUG.
SEPT.
OCT.
MOV.
J>£C

687.0
693. 1
701.4
712.4
730.5

2718.4
2736.3
2760.7
2775.4
2800.2

3396.8
3422.0
3442.2
3460.1
3489.2

4027.7
4057.0
4082.7
4108.5
4141.1

7318.6
7400,. 7
7456.8
7530.1
7630.4

1987— JAN.

737.7
737.4
739. 5
750.3
753.1
746.6
747.6
750.9

2822.2
2821.5
2824.7
2837.9
2838.7
2840.2
2846.2
2860.2

3514.8
3518.4
3523.1
3538.6
3552.2
3566.3
3571.4
3594.0

4174.1
4182.6
4172.5
4183.1
4213.3
4222.1
4211.5

7695.0
7727.4
77dO.7
7845-3
7*14.2
7980.5
8034.3

F LB.
MAB.
APfi.
HAY
JUNiJULY
AUG. ?

17, 1987

Not seasonally adjusted

T98b—AUG.
SEPT.
OCT.
HO?.

DEC.
1987—JAM.
FEB.
MAfi.
APE.
HAY
JUME
JULY
AUG. P

685.2
691.2
698.9
715.4
746.5

2715.8
2728.8
2757.1
2777.7
2813.7

3392.3
3416.4
3438.7
3464.4
3504.4

4024.5
4051.1
4077.0
4111.3
4154.5

7287.3
7378.3
7440.5
7515.5
7623.1

744.4
7^3.3
728.9
757.5
744.9
749. 1
751.5
749.3

2832.4
2809.5
2818.4
2846.6
2427.6
2841.4
2853.3
2858.3

3525.5
3508.6
3520.2
3546.7
3542.4
3564.2
3571.3
3589.5

4185.5
4174.4
4175.7
4191.2
4197.7
4221.4
4211.9

7b89.4
7712.4
7758.6
7817-d
7877.9
7^38.7
7992.8

M1
For period ended
13-week average

1987-AUG,

MOTE:

week average

13-week average

Not seasonally adjusted
4-week average

week average

31 P

749.3
749.2
749.0
7418.6
748.4

748.0
749.6
750.3
751.3
751.1

751.6
749.6
750.7
753.1
751.0

748.4
749.2
749.8
750.2
749. d

747.9
74ti.7
750.0
748.5

747.0
757.4
753.6
741.5
741. 1

7P

748.4

750.2

746.0

749.7

744.8

758.5

3
10
17
24

SEPT.

Seasonally adjusted
4-week average

SPECIAL CAUTIOM SHOULD BE TA&JSN IM iNTEflPEETING
HIGHLY VOLATILE AND SUBJECT TO &EVISIOM.
P—INDICATES PfiELIJUNA&Y DATA.
FOOTNOTES APP£A£ ON THE FOLLOWING PAGE




74*. 0

HJ5EK-TO-IBEK CHANGES IM HOMEY SUPPLY DATA, UUICH

H.6 (508)
Table 2

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

M1

M2

M3

Debt 1

3 MONTHS FROM HAY

1 9 8 7 TO AUG.

1987

-1.2

3.0

4.7

9.*

6 MOUTHS FROM FEB.

1 9 8 7 TO AUG.

1987

3.7

2.7

4.3

tt.0

1 2 MONTHS FBOfl AUG.

1 9 8 6 TO AUG.

1987

9-3

5.2

5.8

11.1

THIRTEEN UEEK.S ENDING S E P T . 7 , 1 9 8 7
FBOfl THIRTEEN WEEKS ENDING:

1/

1/

2/

3/

5/

JUNE

8,

1987

( 1 3 NEEKS PREVIOUS)

0.0

MAR.

9,

1987

{ 2 6 NEEKS PREVIOUS)

3.3

SEPT.

8,

1986

( 5 2 NEEKS PREVIOUS)

10.1

GROWTH BATES FOB DEBT ARE BASED ON PERIODS BEGINNING AND EHD1UG QBE MQNTH EARLIER THAN FOR THE MONETARY AGGREGATES,
NAMELY, APRIL 1987 TO JULY 1987, JANUARY 1987 TO JULY 1987, AND JULY 1986 TO JULY 1987, RESPECTIVELY.
FOOTNOTES TO TABLE 1
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL &ESEUYE BANKS, AND XHE VAULTS OF COMMERCIAL BANKS;
(2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO
DOHESTIC 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 ORDBft
OF WITHDRAWAL (NOi) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CREDIT ONION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEHAMD DEPOSITS, RESPECTIVELY, HELD BY
THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF Ml PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMERCIAL BANKS ANA OVERNIGHT EURODOLLARS
ISSU1D TO D.$. RESIDENTS BY FOREIGN BRANCHES OF U.$. BANKS WORLDHIDE, MMDAS, SAVINGS AND SHALL DENOMINATION
TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL RPS—IN AMOUNTS OF LESS THAN $100,000), AMD BALANCES IN BOTH
TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKEA/DEALER HONEY MARKET MUTUAL FUNDS. EXCLUDES IRA AND KEOGH
BALANCES AT DEPOSITORY INSTITUTIONS AND HONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BX U.$. COMMERCIAL
BANKS, HOIST MARKET FUNDS (GENERAL PURPOSE AND BEOKEA/JKALER), FOREIGN GOVERNMENTS AMD COMMERCIAL BANKS, AND
THE U.$. 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 HP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BI U.S. RESIDENTS AT FOREIGJI BRANCHES OF U.S. BJM&S
WORLDWIDE AID AX ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AMD VAX-EXEMPT
INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS H U D BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, MONEY
MARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT BBBRRSRRT&
THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY HONEY MARKET MUTUAL FUNDS.
CONSISTS OF B3 PLUS TUB NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BQRDS0 SHORT-TERM TREASURY SECURITIES, COMMERCIAL
PAPER AMD BANKERS ACCEPTANCES, MET OF MONEY MARKET MUTUAL FUND HOLDINGS Q? 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, BARKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. XHE DATA ARE DERIVED FROM THE FEDERAL RESERVE BOARD'S FLOW OF FUNDS ACCOUNTS. ALL DATA UN DEBT OF DOMESTIC
MOMFIMANCIAL SECTORS ARE BRBSBUTRD IN MONTH-AVERAGE FORM, DERIVED HI AVERAGING MONTH-END LEVELS OF ADJACENT MOMTH& AHESE
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 Dl¥?ERS0 THEREFORE, FROM THE QUARTERLY FLOW OF MUMS STATISTICS CONTAINED
IN THE IBDEUAL RESERVE RELEASES Z.7 AND Z. 1. IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE MEASURED QR
A QUARTER-END BASIS AND INCLUDE DISCONTINUITIES.




M6<808)
1abls3

COMPONENTS OF THE MONEY STOCK
Buttons of dollars, seasonally adfciatod

Data

Currency'

Travslars
checks'

Damand

Ottttf
chscfcaMt
dssoslts4

components
InM*

tnfttt
onn/

Savings dspoahV
at
at
thrift
total
i ooffwiafclai
Institutions
banks

Satactao nontranaactlons Itoma
Small tlma dspoalts"
at
at
thrift
oommsfclal
total
matttuttons
banks

Lftf a tans daaaaJts*
at
at
thrift
oofwnafdal
total
bank*"

179,0
179.7

6.4
6.4

291.2
292.2

210.4
214.7

2931.4
2043.2

678.4
685.7

137.5
141. 1

197.2
200.3

334.6
341. 4

377.0
374.1

499.6
498. 1

876.7
872.2

290.1
289.8

159.3
158.7

449.4
448.*

OCT.
MOV.
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

2059.3
2063.1
2069.7

681.5 ! 145.8
684.6 ' 150.2
689.0
154.5

204.7
20 8.3
211.8

350.5
358.5
366.3

370.0
365.9
364.7

494.6
491.3
488.7

86 4.7
857.1
853.5

288.1
289.9
291.8

157.4
155.9
155.3

445.5
44S.8
447. 1

1937-JAN.
?&B.
MAR.

186.0
187.2
187.7

6.5
6.7
6.8

305.1
300.8
299.3

240.1
242.9
245.7

2084.5
2084.0
2085.2

692.6 ' 159.8
696.9
164.4
698.4
168. 3

216.9
222.7
22 8.0

376.7
387.2
396.3

364.7
362.6
360.0

486.9
485.8
485.8

851.6
848.3
44i>.9

295.7
296.0
299. 0

154.0
152.3
151.1

44 9.?
448.2
450. 1

APR.
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

2087.6
2085.6
2093.7

700.7
713.5
726.1

172.2
174.5
175.5

233.8
237.2
239.7

406.1
411.7
415.2

357.5
357.1
360.1

486. 1
485.9
489.9

843.6
84 3.0
850.0

305.9
310.7
314.9

148.7
149.0
150. 1

454.6
459.7
465.0

JULY
AUG. P

192.1
193.2

6.8
6.9

296.2
296.4

252.5
254.5

2098.6
2109.3

725.2
733.7

176.6
174.0

240.1
242.0

416.7
420.0

363.4
365.3

495.1
500,. 4

658.5
865.7

313.5
313.6

151..*
153.0

464.8
466.6

1986-AUG.
SEPT.

MEEK ENDING
1987
AUG.

SEPT,

3
10
17
24
31 P

192.1
192.9
193.2
193.7
193.5

298.3
296.0
295.6
296.9
296.0

254.3
253.8
254.8
255.5
254.4

177.6
178.0
178.2
178.0
178.0

365.0
365.1
365.1
365.6
365.6

313.0
314.3
iU.9
314.2
313.3

7 P

193.8

291.8

253.3

178.1

365.8

314.4

1/ CURRENCY OUTSIDE THE U.S. TREASURY, PfiDEHAL JIE5E&VE BANKS AND VAULTS OF COMMERCIAL BANKS.

EXCLUDES THE ESTIMATED
AHOONT Of VAULT CASH HELD BT THRIFT INSTITUTIONS TO SERVICE THEIfi OCD LIABILITIES.
2/ OUTSTANDING AHOUNT OF U.S. DOLLAR-DBNOBINATE£ TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED B* DEPOSITOR Y
INSTITUTIONS ARE INCLUDED IN DKHAND DEPOSITS.
V DEflAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DUB TO DOMESTIC BANKS, THE U. S. 'iOVBRNHENT 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 TH&IFT INSTITUTIONS TO SERVICE THEIR OCD
LIABILITIES.
4/ CONSISTS OF NOH 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 BALABCRS (GENERAL PURPOSE AND BRO * lit/i> EA LEfi ) ,
HMDAS, AND SAVINGS AND SHALL TIME DEPOSITS, LESS 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.
6/ SUM OF LARGE TIME DEPOSITS, TERM RPS AND TERM EURODOLLARS OF U.S. RESIDENTS, MONEY MARKET FUND BALANCES (INSTITUTIOIH
ONLY), LESS A CONSOLIDATION ADJUSTMENT THAI HEPKKSSNTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY
7/ INSTITUTION-ONLY HONEY MARKET FUNDS.
8/ SAVINGS DEPOSITS EXCLUDE MHDAS.
SHALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL R P S — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KtOGH ACCOUNTS AT COMMERCIAL BANKS AMD THRIFTS ARE SUBTRACTED FROM SBkLL
9/ TIME DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED LH AMOUNTS OF $100,000 Ofi MORE, EXCLUDING THOSE BOUKED AT
10/ INTERNATIONAL BANKIUG FACILITIES.
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY MONEY MARKET MUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOHEIGN BANKS AND OFFICIAL INSTITUTIONS.



H.6 (508)
Table 4

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

Date

1986-JULY

2/
3/
4/

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

commercial paper3

Debt components4
federal debt
non-federal debt

SEPT.

84.3
85.3
86.4

292.6
288.7
287.9

39.0
37.3
36.9

214.5
219.7
223.9

1713.5
1727.8
1743.3

5520.9
5590.9
5657.4

OCT.
MOV.
DBC.

87.7
89.8
91.7

286.7
292.2
292.4

37.7
38.0
37.5

228.4
228.4
230.2

1753.8
1774.9
1804.5

5703.0
5755.-2
5825.9

1987-JAN.
FEB.
HAJi.

92.7
93.5
94.3

289.3
291.7
276.1

37.8
39.3
39.8

239.7
239.8
239.1

1814.8
1819. J
1828.2

5880.3
5908.2
59S4.5

A PH.
HAY
JUNE

95.1
95.9
96.5

263.4
268.5
263.7

41.2
42.4
43.5

244.9
254.3
252.1

1841.1
1864.2
14*7.4

6004.2
60S0.0
6093. 1

JULY P

97.3

250.6

44.0

248.2

1894.4

6139.9

AUG.

1/

savings bonds

CONSISTS OF U.S. TREASURY BILLS AMD COUPONS WITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BY OTHER THAN DEPOSITORY
INSTITUTIONS, FEDEHkL RUSE&YE BANKS, HONEY MARKET MUTUAL FUHDS AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL &ESEBVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HONE LOAN BANK SYSTEM AND MONEY MARKET MUTUAL FUHDS,
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.
DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-NONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
ADJUSTED TO REMOVE 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

Currency 1

Travelers
checks 2

Demand
deposits3

at commercial
banks4

at thrift
institutions9

total

in M2*

in M3 only7

Overnight
RPs§

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

2030.6
2037.6

676.5
687.5

57.6
55.5

17.1
17.2

200,5
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

2058.2
2062.2
2067.1

631.6
686.7
690.7

58.1
57.9
58.3

19.4
18.8
19.0

206.9
207.1
207.6

1987-JAH.
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

2088.0
2086.2
2089.5

693.1
699.1
701.8

61.2
59.2
56.7

22.3
19.5
18.6

209.0
210.7
211.6

APR.
AAI
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

2089.0
2082.7
2092.3

700.1
714.8
722.9

54-4
53.3
52.8

20.7
20.9
19.9

211.0
209.1
210.2

JULI
AOG. P

193.8
194.2

7.7
7.9

298.7
294.8

172.9
174.5

78.5
77.9

251.3
252.5

2101.8
2109.0

717,9
731.2

S3. 9
57.0

18.9
18.5

210.4
213.4

1986-AUG.
SEPT.

HEBK ENDING;
1987-AUG.

SEPT.

3
10
17
24
31 P

193.1
195.6
194.6
193.6
192.6

295.4
298.1
297*9
290.2
290.5

172.8
176.3
174.6
173.6
173.5

77.8
79.6
78.6
76.6
76.6

250.5
255.9
253.2
250.1
250.0

57.7
58.0.
56.8
56.7
56.4

21.0
17.6
18.1
17.6
19.5

211.7
212.8
213*0
214.2
214.4

7 P

195.9

296.4

178.8

79.6

258.4

56. 1

17.4

215.0

CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BASKS AND THE VAULTS OP COMMERCIAL BANKS. EXCLUDES THE ESTIHATED
AMOUNT OF VAULT CASH HELD BX THRIFT INSTITUTIONS TO SERIICE THEIR OCD LIABILITIES.
2/ OUTSTANDING AHOONT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED Bl DEPOSITOR!
INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.
3/ DSAAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOflESTIC BANKS, THE U.S. GOVERNflENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F^R* FLOAT, LESS THE ESTIBATBD 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, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, HMD EDGE ACT
CORPORATIONS.
5/ CONSISTS OF NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIV UNION SHARE
DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS.
6/ SUM OF OVERNIGHT RPS AND EURODOLLARS, MONET MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALERI, MMDAS AID SAVINGS
AMD SMALL TIMS DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIME AND SAVINGS DEPOSIT LIABILITIES.
7/ SUM OF LARGE TIME DEPOSITS, TEEM RPS AND EURODOLLARS OF U.S. RESIDENTS, MONET MARKET FUND BALANCES (INSTITUTION-ONLY), LESS A
CONSOLIDATION ADJUSTMENT THAT liEPHESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BX INSTITUTION-ONLY
BOHEX MARKET MUTUAL FUHDS.
8/ CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT UPS ISSUED BX COMMERCIAL BANKS TO OTHER THAN DEPOSITOR* INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND tJROKER/DEALEK).
9/ ISSUED BX FOREIGN BRANCHES OF U.S. BANKS WORLDMIDJi TO U.S. RESIDENTS OTHEB THAN DEPOSITOR* INSTITUTIONS AND
HONEY MARKET HUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).

V




H.6 (508)
Table 5-continued

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

Date

Money market deposit accounts
at
at
total
thrift
commercial
institutions
banks

at
commercial
banks

Savings deposits
at
thrift
institutions

total

Small denomination time deposits2
at
at
commercial
total
thrift
banks
institutions

Urge denomination time deposits3
at
at
thrift
total
commercial
4
institutions
banks

364.3
368.9

189.3
189.9

553.6
558.8

137.6
141.0

195.6
198.6

3J3.2
3J9.6

378.5
375.9

498.9
497.4

877.5
873.3

289.9
291.2

159.3
159.1

449.2
450.3

OCT.
NOV.
DEC.

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
293.2

157.8
156.0
154.9

•47.1
446.7
448.1

1987-JAN.
FEB.
MAR.

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

3641.4
362.1
359.7

490.0
488.3
486.1

854.4
850.4
4*45.7

296.9
298.1
301.3

154.4
153.1
151.2

451.3
45U2
452.5

APR.
HAY
JONS

375.4
368.9
367.6

190.1
188.3
185.9

565.5
557.1
553.5

172.1
174.8
176.6

234.0
237.8
240.8

406.1
412.7
417.5

355.6
355.7
359.7

484.4
482.6
487.1

840.0
846.8

303.2
309.2
311.8

1418.0
149.0
149.7

451.2
458.3
461.5

JULY
AUG. P

365.2
364.0

182.8
179.5

548.0
543.4

178.4
178.2

241.9
240.2

420.3
418.4

363.9
366.7

494-7
499.5

858.6
866.2

310.2
313.0

150.6
153.1

460.8
466.1

1986-AOG.
SEPT.

•BBK

ENDING

1987
AUG.

SEPT,

1/
2/
3/
4/

3
10
17
24
31 P

364.2
364.8
364.0
363.9
363.0

178.4
178.8
178.6
177.9
177. !>

365.6
366.2
366.6
367.2
367.J

310.9
312.7
311.8
314.1
314.2

7 P

364.6

178.2

368.1

315.1

SAYIHGS DEPOSITS EXCLUDE flHDAS.
SHALL DENOMINATION TXHE DEPOSITS — INCLUDING fiETAIL RPS — ARE THOSE ISSUED IN AMOUNTS OF LESS THAU $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS AfiE SUBTRACTED FROM SHALL
TIAE DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR HORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD bt MONEY MARKET MUTUAL FUHDS, DEPOSITORI
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (506)
Table 5-continued

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

N o o M 3 C o mponents of L
Short-term
Bankers
treasury
acceptances 4
securities'

Component of Debt

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

80.8
84.4

34.0
35.6

41.2
42.2

75.2
77.9

78.0
81.4

85.2
86.4

290.2
287.8

37.9
J7.4

219.0
223.1

1713.3
1734-5

§574.0
5643.8

OCT.
NOV.
DEC

84.5
84.4
84.1

34.3
36.9
34.9

43.7
45.5
47.1

78.0
82.4
82.0

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

1748.6
1771.?
%Q03^S

5691.9
5743.7

19 8 7 - JAM.
FEB.
HAfi.

84.0
84.7
84.9

33.4
34.5
33.9

47.8
50.4
51.0

81.2
84.9
84.9

84.8
87.6
86.2

92.7
93.5
94.3

290.1
292.9
281.8

37.8
38.9
J9.J

239.3
240.4
240.2

1*16.9
1326.7
1038. 2

5872.5
5885.7
5920.4

APE.
HAY
JO HE

83.1
81.8
81.3

36.8
38.4
37.5

54.2
57.9
60.9

91.0
96.4
98.4

83.9
87.0
89.4

95.1
95.8
96.5

265.2
263.7
262.0

40.5
42.2
43.5

243.8
253.6
255.1

1*46. 7
IBS7. 8
1*69. 1

5971.0
6020.1
6069.6

JULY
AUG. P

83.4
83.4

35.2
36.4

61.1
60.3

96.3
96.6

85.8
93.1

97. 1

250.2

44.2

249.0

1872.4

6120.4

3
10
17
24
31 P

84.5
83.4
83.2
83.7
82.9

34.7
35.0
36.1
37.2
37.9

7 P

82.4

37.6

Date

1986-AUG.
SEPT.

Term
Eurodollars1

Savings
bonds

Commercial
paper*

Federal debt*

Non-Federal*
debt

5619.a

WEEK ENDING:
1987-AUG.

SPET.

TSBH HPS ABE THOSE IITH OBIGIHAL BATUfilTIES GM EATER THAN ONE DAI, EXCLUDING CONTINUING COMTKACTS AJID RETAIL BPS. INCLUDES
A RELATIVELY SHALL AMOUNT OF OfEBNIGHT BPS AT THRIFT INSTITUTIONS.
2/ TBHH EURODOLLARS ABE THOSE IITH ORIGINAL MATURITIES GREATER THAN ONE DAI. CONSISTS OF THOSE XSSUJSD TO O.S. BBSIDBNTS BI
FOREIGN BRANCHES OF U.S. BANKS V0BLD8IDE AND BY ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEY MARKET HUTUAL FUNDS.
3/ CONSISTS OF O.S. TREASURY BILLS AND COUPONS KITH BEHAINING HATORITIES OF LESS THAN 12 HONTHS HELD BY 0THEB THAN DEPOSITORY
INSTITUTIONS, FEDERAL RESERVE BANKS, MONEY HAfiKET HUTUAL FUNDS, AND FOREIGN ENTITIES.
4/ NET OF BANKERS ACCEPTANCES HELDtilACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOHE LOAN BANK SYSTEM AND HONEY MARKET MUTUAL FUUDS,
5/. TOTAL COMMERCIAL PAPER LESS COMMERCIAL PA^ER HELD BY MONEY MARKET MUTUAL FUNDS.
6/ DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-MONTH LEVELS OF ADJACENT HONTHS, AND HAVE BEEH
ADJUSTED TO fiEMOfE DISCONTINUITIES.
1/




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

9.5
9.9

1.7
1.8

4.2
4.2

3.0
3.6

3.2
5.6

8. 1
14.6

14.2
23.8

1.7
1.8

71.3
71.5

95.1
95.2

10.2
10.5

176.7
177.2

OCT.
NOV.
DSC

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

1987-JAM.
FEB.
flAfi.

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

1I . 7
I.6
I. 6

73.4
74.0
75.4

97.2
97.7
98.8

10.8
11.0
11.2

161.4
182.8
185.4

APH.
HAT
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
34.2

I.7
I.8
I.8

78.5
79.2
79.5

101.3
102.0
102.7

12.4

12.ae
1 2 . 8e

192.1
193.9e
194.9e

JUJ.I
AUG. P

9.7
9.3

2.0
2.1

3.8
3.8

3.3
3.0

5.3
3.4

23.3
18.6

31.9
25.0

I.8
I.8

80.1
80.7

103.5
103. 6e

1 2 . fle
1 2 . 8e

196. 3e
197. Oe

10.2
9.6
8.6
9.0
9.7

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

9.6

2.1

3.8

3.4

4.5

15.0

22.8

1-7

Date

1986-AUG.
SEPT.

MJ5B*
1987
AUG.

SEPT.

e =

thrift
institutions

commercial
banks

EIDIHG;

3
10
17
24
31 P
7

e

estiaated




j

money
market
mutual funds

total