Full text of H.6 Money Stock Measures : September 18, 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
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

SEPTEMBER

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 balances3

18# 1986

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors'*

Seasonally adjusted

1985—AUG.
SEPT.
OCT.
NOV.
DEC

604.8
611.5
614.2
620.1
626.6

2515.6
2529.9
2538.9
2551.4
2566.5

3130.5
3150.8
3165.7
3181.2
3201.1

3711.5
3739.7
3761.6
3799.2
3838.2

64O0.3
6525.3
6592.0
6680.5
6810.0

1986—JAM.
!"£&.
HAfi.
APR.
SAY
JUNE
JULY
AUG. P

627. 2
631.0
638.4
646. 1
658.7
666.8
t>76.1
687.8

2569.9
2577.7
2592.4
2622.2
2649.7
2670,5
2699.1
2723.4

3224.5
324U7
3262.7
3293.9
3315.5
3339.2
3375*4
3399.5

3860.6
3879.2
3892.9
3916.7
3950.0
3974.4
4011.0

6913.7
6963.8
7012.3
7071.0
7134.7
7197.9
7263.7

Not seasonally adjusted

198$—AUG.
SEPT.
OCT.
NOV.
i)EC.

602.0
609. 1
612.2
621.7
639.9

2511.2
2521.4
2534.2
2549.7
2574.7

3126.4
3144.3
3162.7
3184.7
3213.8

3709.2
3735.4
3759.1
3801.9
3844.4

6441.5
6509.9
6578.4
6607.3
6804. 1

1986—JAN.
FEB.
HAB.
APR.
flAY
7UN£
JULY
AUG. P

633.5
619.2
630.5
652.9
651.8
669.2
679.8
084.7

2578.7
2571.0
2594.5
2631.8
2640.7
2672.7
2704.4
2718.3

3232.2
3233.6
3263. 1
3300.3
3308.7
3339.9
1373.0
3394.3

3865.8
3871.6
3897.0
3926.8
3936.8
3974.6
4011.0

6907. 1
6944.4
6985.2
7042.4
7109.0
717t>.7
7243.9

M1
For period ended
13-week average
19B6-AUG.

4
11
18

25
SEPT.

ROTE:

1 P
8 P

Seasonally adjusted
4-week average

week average

13-week average

Not seasonally adjusted
4-week average

week average

668.5
670.7
672.9
675.1

677.1

679.9
682.5
685.3

679.8
685.0
687.9
688.5

668.6
671.3
674.0
676.5

679.0
679.8
681.9
684.1

684.6
689.1
68Z.3
675.3

677.4
679.5

688.6
691.2

693.0
695.3

678.3
680.4

683.7
687.2

682-9
703.2

SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING WEEK-TO-WEEK CHANGES IN BOHEt SUPPLY DATA, NHICH AflE
HIGHLY VOLATILE AND SUBJECT TO REVISION.
P—INDICATES PRELIHINAKY 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

M2

3 MONTHS FROM HAY

1 9 8 6 XO AUG.

1986

17.7

11. 1

6 SOUTHS FROM FIJ*.

1 9 8 6 TO AUG.

1986

18.0

11.3

198b TO AUG.

1986

\4

MONTHS FBOH AUG.

13.7

8.3

Debt 1

M3

10.1

10.9

9.7

10.1

8.6

13.?

THIRTEEN WEEKS ENDING SEPT. 8 # 1986
FBQH THIRTEEN VBEKS EHDUIti:
JUNE

9 . 1 9 8 6 ( 1 3 WEEKS PREVIOUS)

17.6

HAB.

1 0 , 1 9 8 6 ( 2 6 WEEKS PREVIOUS)

15.9

9 # 1 9 8 5 ( 5 2 WEEKS PREVIOUS)

13.3

SEPT.

V
1/

5/

GHONTH HATES FOB DEBT AJtE BASED 0* PERIODS BEGINNING AND ENDING ONE MONTH EARLIER THAU FOB THE MONETARY AGGREGATES*
NAHBLX, APEIL 1986 TO JULY 198b, JANUARY 19do TO JULY 1986, AND JULY 1985 TO JULY 1986, RESPECTIVELY.
FOOTNOTES TO TABLE 1
CONSISTS OF 41) CUBBSNCX OUTSIDE THE TREASURY, PEDEBAL BESEBVE BAJTKS, AMD THE IAULTS OF COMMERCIAL BANKS;
(2) TBAVELEBS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE Dli£ TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOBEXGN BkUIHS AND OFFICIAL INSTITUTIONS LESS CASH XTEHS IN THE PBOCSSS
OF COLLECTION AND FEDEBAL BESEttVE FLOAT; AND (4) OTHEB CHECKABLE DEPOSITS (OCO) CONSISTING OF NEGOTIABLE OfiDEB
OF fUTHDBAlAL (HOB) AND A0TOHATIC T&ANSFEfi SEBVICE (ATS) ACCOUNTS AT DEPQSITOBI INSTITUTIONS,
CflEDIT UNION SHABE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT tH&IfZ INSTITUTIONS. THE CUfiBENCX AND DE4AND
DEPOSIT COflPONBNTS EXCLUDE THE ESTIHATED AHOUNT OF VAULT CASH AND DEflAND DEPOSITS, BESPECTIVELX, HELD 0X
THBIFT INSTITUTIONS TO SEBVICE THSI& OCD LIABILITIES.
CONSISTS OF H1 PLUS OVEiRIGHT (AND CONTINUING CONTBACT) BPS ISSUED BX ALL COHM£fiCIAL BANKS AND OVEBNIGHT EUBODOLLABS
ISSUED TO U.S. BESIDBNTS BX FOBEIGN BBANCHES OF U.S. BANKS UQRLDUIDE, MHDAS, SAYINGS AND SHALL DENOHINAXION
TIHE DEPOSITS (TIHE DEPOSITS—INCLUDING BETAIL BPS—IN AflOUNTS OF hBSS THAN $100,000), AND BALANCES IN BOTH
TAXABLE AND TAX-EXEflPT GENEBAL PURPOSE AND fiBOKEB/DEALEB HONEX HABKET MUTUAL FUNDS. EXCLUDES IHA AID KEOGH
BALAXCES AT DEPOSITOBX INSTITUTIONS AND HONEX HABKET FUNDS. ALSO EXCLVD&S ALL MkLkHCJZS HELD at U+S* COHHKBCIAL
BANKS, fiONEX HABKBT FUNDS (GENEBAL PURPOSE AND BHOKEB/DEALEB), FOBEIGN GOYiOlNH£NTS AND COHMEfcCIAL BANKS, AND
THE U.S. GOVEBNHENT. ALSO SU8TBACTED IS A CONSOLIDATION ADJUSTHEMT THAT BEPBESENTS THE ESTIHATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BX THMIFT INSTITUTIONS TO SEBVICE THEIfi TIHE AND SAVINGS DEPOSITS.
CONSISTS OF M2 PLUS LABGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OB MOBE) AND TBBM BP LIABILITIES ISSUED
BX COHMEfiCIAL BANKS AND THBIFT INSTITUTIONS, T£BH EUBODOLLABS HELD Bl U.S. BESIDENTS AT FOBEIGN BfiANCHES OF U.S. BANKS
VOBLDWXDB AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CAHADA, AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT
INSTriUTlOI-OMLI MONEX &ABKET MUTUAL FUNDS. EXCLUDES AflOUHTS HELD BX DEPOSXTOBY INSTITUTIONS, THE U.S. GOVEBNHENT, HONEX
HABKET FUNDS, AND FOBEXGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTSLACtEt* IS A CONSOLIDATION ADJUSTMENT THAT BEPIESENTS
THE ESTIMATED AMOUNT OF OVEfiMIGHT BPS AND EUBUDOLLABS H£LD BX IXSTITUTIOJi-ONLI MONEX MABKET MUTUAL FUNDS.
CONSISTS OF 13 PLUS THE NONBANK PUBLIC HOLDINGS OF U+S+ SAVINGS fiONDS, SttOBT-TBfiH TBEASUBX SSCUSiltl^S, COMMERCIAL
PAPEB AND BANKERS ACCEPTANCES, NET OF MONET MABKET MUTUAL FUND HOLDINGS OF £HE£E ASSETS.
DEBT OF DOMESTIC NONFIIfANCIAL SECTOBS CONSISTS OF OUTSTANDING CREDIT BABKET DEBT OF THE UNITED STATES GOVEBNHENT,
STATE AND LOCAL GOVERNMENTS AND PRIVATE KOUFIHAHCIAL SECTORS. PRIVATE DEttT CONSISTS OF CORPORATE BONDS, MORTGAGES,
CONSUMES CREDIT (INCLUDING BANK LOANS), OTHER oANK LOANS,, COMMERCIAL PAPEB, BANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THE DATA ARE DERIVED FROM THE FEDERAL R£SEBV£ BOABD*S FLOU OF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC
NONFINANCIAL SECTOBS AdL PRESENTED IN MONTH-AVERAGE FORM, DR&ZVED BX AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS.* THESE
DATA HAVE ALSO BEEN ADJUSTED TO BEHOVE STATISTICAL DISCQHIlhUITitS THAT MAX ARISE IN THE UMD&HltlhG FLOW OF FUNDS STATISTICS.
TH£ PRESENTATION OF DEBT DATA IN THIS U&L&AS& UltemS, THfcKElO££, FROM TUB QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED
IN THE FEDERAL RESERVE RELEASES Z. 7 AMD Z- 1. IB THOSE kk,L$ASES. PUBLISHED LEVELS OF CREDIT MABKET D££T ABE MEASURED ON
A QUARTER-END BASIS AND INCLUDE DISCONTINUITIES.




H.tfOO*

COMPONENTS OF THE MONEY STOCK
MNtons of dollars, ssaaonaHy aojuotso

8#lactsd nontransactk HIS rtsms
8mill tims dspotMts^
at
at

Nontransactlons
Tvavotsrs

Oats

Dsmsjid
daposlts'

Othsr
chsckabta
dsposits4

to MS

kiMf*

at

at
thrift

Of**

thrift

total

total

at
thrift

tntmt

banks19

banks

banks

iits*
at

166.9
167.7

5.9
5.9

263.1
266.4

169.0
171.5

1910.6
1918.4

614.9
621.0

1 123.7
124.0

176.0
176.3

299.7
300.3

383.4
382.7

497.5
495.6

660.9
876.3

266.9
270.6

154.1
155.1

421.0
425.6

OCT.
NOV.
DSC.

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

626.8
629.6
6J4.6

124.4
124.8
124.5

177.9
179.0
179.1

302.3
303.7
303.6

382.0
382.2
384.1

493.7
493.7
496.2

875.7
876.0
860.3

273.9
276.7
279.1

155.9
156.3
157.3

429.7
432.9
436.5

1986-JAN.
FEB.
BAB.

171.9
172.9
173.9

5.9
5.9
6.1

266.9
269.2
273.2

180.5
183.1
165.2

1942.7
1946.7
1954.0

654.6
664.0
670.3

124.7
125.0
125.6

179.3
179.9
161.2

304.0
304.9
306.9

386.6
388.1
369.0

499.4
502.9
505.7

885.9
891.0
894.7

289.7
291.5
267.1

158.2
159.7
163.4

447.9
451.2
450.5

APB.
BAY
JUNE

174.4
175.8
176.7

6.1
6.1
6.2

275.7
281.6
284.9

189.9
195.1
199.0

1976.1
1991.0
2003.7

671.7
665.8
668.7

126.6
129.0
130.9

184.8
169.5
194.1

311.4
316.5
325.0

388.0
384.9
381.8

507.9
506.3
503.9

895.9
•91.2
685.7

287.0
281.5
280.5

165.0
164.9
164.6

452.1
446.3
445.1

JULY
AUG. P

177.5
179.0

6.4
6.5

268.3
291.8

203.9
210.5

2023.0
2035.7

676.3
676.1

133.4
136.8

197.7
200.5

331.1
337.2

380.0
376.1

503.7
501.1

683.8
877.1

279.7
281.1

16S.7
166.0

445.4
447.1

178.2
178.7
179.0
179.4

288.7
290.5
292.2
291.6

206.4
209.4
210.2
211.1

134.8
135.8
136.7
137.5

377.6
377.1
376.0
375.4

278.9
260.7
281.3
282.0

179.6
179.2

293.7
294.6

213.1
215.0

138.3
139.2

374.7
374.0

281.7
280.8

1985-AUG.
SEPT.

SEEK ENDING
'986
UG.

4
11
18
25

SEPT. 1 P
8 P

1/
2/
3/

4/
5/
6/
7/
8/

9/
10/

CUBBENCY O0TSI0S TBE 0. S. TREASURY, FEDERAL RBSEBVB BANKS AND VAULTS OP COBBEBCIAL BANKS. EXCLUDES THE ESTIHATBD
ABOUNT OP VAULT CASH HELD BI THBIFT INSTITUTIONS TO SEBVICB THEIfi OCD LIABILITIES.
OOTSTAVDIBG AHOUNT OF O.S. DOLLAB-DENOHINATED TRAVELERS CHECKS OF NONBANK ISSUERS- TB A* BLEBS CHECKS ISSUED BY DEPOSITOR!
IHSTITUTIOBS ABB IflCLODED IB DEBABO DEPOSITS.
DBHABD DEPOSITS AT COBBEBCIAL BANKS AMD FOBEIGB BELATED INSTITUTIONS OTHEfi THAB THOSE DUB TO DOHESTIC BANKS, THE U.S. GOVERBBBNT AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PBOCESS OF COLLECTION AND FEDERAL RESERVE FLOAT.
EICLUDBS THE ESTIHATED ABOUBT OF DEMAND DEPOSITS HELD AT COflHEBCIAL BANKS BI THBIFT INSTITUTIONS TO SERVICE THEIB OCD
LIABILITIES.
CONSISTS OF NOB AND ATS BALANCES AT ALL DEPOSITOBI INSTITUTIONS, CBEDIT UNION SHARE DBAFT BALANCES AND
DBBAND DEPOSITS AT THBIFT INSTITUTIONS. 0TH4B CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DLFFEBMCE
BEtMEBU THE
SEASONALLY ADJUSTED SUB OF DEBAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEBAND DEPOSITS.
SUB OF OFEBNIGHT BPS AND OfBBNIGHT BUBODOLLABS, HONEY HABKET FUND BALANCES (GENERAL PURPOSE AND BBOKBB/DEAL2B) ,
HflDAS, ABD SAVINGS AND SHALL TIflB DEPOSITS, LESS THE CONSOLIDATION ADJUSTHENT THAT RSPBESENTS THE ESTIHATED ABOONt OF
DEBAND DEPOSITS AND VAULT CASH HELD BY THBIFT INSTITUTIONS TO SEBVICE THEIB TIBE AND SAVINGS DEPOSITS LIABILITIES.
SUB OF LABGE TIBE DEPOSITS, TEBB BPS AND TEBH EUBODOLLABS OF U.S. RESIDENTS, BONEY HABKET FUND BALANCES (INSTITUTIONONLY)0 LESS A CONSOLIDATION ADJUSTHENT THAX MEPRKSEMTS THE ESTIHATED AH00NT OF OVERNIGHT BPS AND BUBODOLLABS HELD BY
INSTITUTION-ONLY BONEY BASKET tliUDS.
SAVINGS DEPOSITS EXCLUDE HBDAS.
SHALL DENOBINATION TIflE DEPOSITS—INCLUDING RETAIL B P S — ABE THOSE ISSUED IN ABOUNTS OF LESS THAN $100,000. ALL
INDIVIDUAL R£TIB£BSNT ACCOUNTS (IBA) AND KBOtiH ACCOUNTS AT COHHERCIAL BANKS AND THBIFTS AHE SUBTRACTED FBOB SHALL
TIBE D£POSITS.
LAfiGE D£NOHINATION IIHE DEPOSITS ARE THOSE ISSUED IN ABOUNTS OF $100,000 OR HOBE, EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LAHGE DENORINATION TIRE DEfOSllS AT COHBERCIAL BANKS LESS THOSE HELD BY HONEY HARKET BUTUAL FMHDS,
DEPOSITORY INSTITUTIONS AND FOBEIGK BANKS AN; OFFICIAL INSTITUTIONS.




H.6 (508)
Table 4

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

Date

2/
3/
4/

commercial paper

3

Debt components4
non-federal debt
federal debt

76.7
77.2
78.0

279.2
277.3
280.6

43.7
43.6
43.2

171.6
182.9
187.2

1479.5
1496.7
1506.*

4910.3
4963.6
5018.8

OCT.
MOV.
DEC.

78.5
79.0
79.5

280.9
299.5
307.1

43.9
43.1
41.1

192.5
196.4
209.5

1518.0
1549. 0
1566*3

5074.0
5131.5
5223.7

1986-JAN.
FEB.
MAR.

79.9
80.5
81.1

304.1
305.8
298.0

41.5
42.1
41.6

210.6
209.2
209.5

1608.0
1621.1
1628-2

5305.7
5342.8
53A4.1

APR.
HAY
JUNE

81.8
82.6
83.4

297.1
305.1
300.9

41.0
40.1
40.3

203.0
206.7
210.7

1638.8
1656.3
1677.7

5432.2
5478.3
5520.2

JULY P

84.3

297.2

40.3

213.8

1697.1

5566.5

1965-JULY
AUG.
SEPT.

1/

savings bonds

Non-M3 components of L
bankers acceptances3
short-term treasury
securities1

CONSISTS OF U . S . TREASURY BILLS AMD COUPONS WITH REMAINING MATURITIES OF LESS THAU 12 MONTHS HELD BY OTHER THAN DEPOSITOR!
INSTITUTIONS, FEDERAL RESERVE BANKS, MONEY MARKET MUTUAL FUNDS AND FOREIGN E N T I T I E S .
NET Or BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS* THE FEDERAL
HOME LOAN BANK SYSTEM AND HONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUMDS^
DEBT DATA ARE ON A MONTHLY AVERAGE B A S I S , DERIVEO BY AVERAGING £MD-i>F-flONTH LEVELS OF ADJACENT HONffHS, AND HAVE flBEM

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

Currency1

Demand
deposits'

Travelers
checks2

at commercial
banks4

at thrift
institutions9

total

inM2*

in M3 only'

Overnight
RPs«

Overnight
Eurodollars9

General
purpose and
broker/dealer
money market
funds

167.7
167.6

6.6
6.2

260.4
265.0

117.0
119.0

50.3
51.3

167.3
170.3

1909.1
1912.3

615.3
622.9

49.6
50.5

14.2
14.0

176.8
176.7

OCT.
NOf.
OKC

168.4
170.7
173.1

5.9
5.6
5.5

265.6
269.0
281.3

119.8
122.6
125.8

52.5
53.8
54.4

172.3
176.4
180.1

1922.0
1928.0
1934.7

628.5
635.0
639.2

50.9
52.5
53.3

14.3
13.9
17.0

177.0
176.8
176.5

1986- JAN.
FEB.

a.

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
1964.0

653.6
662.6
668.6

50.1
52.4
51.2

18.8
16.2
16.4

171.7
181.0
186.2

APR.
HAI
JU1E

173.6
175.8
177.4

5.8
5.9
6.5

278.7
276*7
285.6

134.3
132.8
136.6

59.9
60.5
63.0

194.7
193.4
199.6

1979.0
1988.9
2003.5

668.5
668.1
667.2

51. P
51.5
49.7

17.5
17.6
16.6

191.4
193.2
197.2

JULT
AUG. P

179.1
179.9

7.2
7.3

290.0
289.0

139.0
142.8

64.5
65.8

203.5
208.6

2024.6
2033.5

668.6
676.0

54.7
57.4

17.2
16.7

199.4
200.2

179.5
180.8
179.9
178.9

290.3
290.8
291.9
283.0

141.4
143.3
142.3
141.8

66. Q
66.8
65.9
64.4

207.3
210.1
208.2
206.2

55.7
57.5
57.9
57.8

16.3
15.3
15.9
t7.6

20 Q. 7
201.4
200.0
200.0

179.4
180.8

287.2
297.?

143.4
149.1

65.7
68.6

209.1
217.7

57.5
55.8

18.5
16.2

196.8
198.4

1985-AUG.
SEPT.

HA

MEEK ENDING:
1986-AUG.

4
11
18
25

SEPT.

1 P
8 P

i

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

CURRENCY 00TSIDE THE U.S. TREASURY, FEDERAL ABSEBTE BANKS AMD THE fAOLTS OF COHHEHCIAL BANKS. EXCLUDES THE ESTIHATBD
AflOOUT OF VAULT CASH HELD BT THRIFT INSTITUTIONS TO SEBTICB THEIR OCO LIABILITIES.
O0TSTANDING ABOONT OF U.S. DOLLAR-DBNOfllNATED TRAfELERS CHECKS OF NONBARK ISSUEBS^ TRAVELERS CHECKS ISSUED Bl DEPOSITORY
INSTITUTIONS ARE INCLUDED IN DEHAND DEPOSITS.
DEHAND DEPOSITS AT COHHBRCIAL BANKS OTHER THAN THOSE DUB TO DOORS TIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITEHS IN THE PROCESS OF COLLECTION AND P.R. FLOAT, LESS THE ESTIMATED Afl00IT OF DEflAJD
DEPOSITS HELD AT COHHERCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
CONSISTS OF NOV AND ATS BALANCES AT COMMERCIAL 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 SAYINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DfiflAND DEPOSITS AT THRIFTS.
SUH OF OVERNIGHT RPS AND EURODOLLARS, HONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER),fiflDASAND SAVINGS
AND SHALL TIHE DEPOSITS LESS THE ESTIHATED AHOONT OF DEHAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE
THEIR TIHS AND SAVINGS DEPOSIT LIABILITIES.
SUH OF LARGE TlflE DEPOSITS, TEEH RPS AND EURODOLLARS OF U.S. RESIDENTS, HONBT MARKET FUND BALANCES (INSTITUTION-ONLY) m LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE JSSTIHATED AflOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BI INSTITUTION-ONLY
HONEI HARKET HUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND
HOMEY MARKET HUTOAL FUNDS (GEREBAL PURPOSE AND BROKER/DEALER).
ISSUED BY FOREIGN BRANCHES OF V.S* BANKS VORLUVIDE TO U»S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND
BON EX HARKET HUTUAL ¥i}UDS (GENERAL 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 Tiarket deposit accounts
at
at
total
thrift
commercial
institutions
banks

at
commercial
banks

Savings deposits1
at
thrift
institutions

total

Small denomination time deposits2
at
at
total
commercial
thrift
banks
institutions

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

276.3
278.2
280.9

153.9
155.1
156.2
157.1
1S7.8

421.4
427.6
432.5
435.3
438.7

889.1
891.7
891.6

288.5
290.4
287.7

159.0
160.7
163.2

447.6
451.0
450.8

505.1
502.4
501.0

889.6
864.7
881.7

283.6
280.8
278.8

164.1
164.4
164.1

447.6
445. 1
442.9

502.8
500.4

882.6
87*. 4

278.7
281.4

164.6
165.9

443.3
447.3

317-9
321.3

177.3
178.5

495.2
499.8

124.0
123.7

174.9
175.4

298.9
299.1

385.3
385.1

497.1
495.4

882.5
880.5

267.4
272.6

OCT.
NOV.
DEC.

324*3
329*2
332.4

179.8
180.3
179.6

504.1
509.5
512.0

124.6
124.3
123.5

178.3
179.0
178.3

302.9
303.3
301.8

384.8
384.2
384.8

496.5
496.4
497.6

881.3
880.7
662.5

1986-JAN.
FEB.
MAR.

336.7
337.0
340.4

179.0
179.4
180.2

515.7
516.3
520.5

123.9
123.6
124.9

178.8
179.1
181.6

302.7
302.7
306.5

386.5
387.1
387.2

502.6
504.6
504.6

APB.
JUNE

344.8
348.6
355.2

180.4
182.2
185.2

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
360.7

JULI
AOG. P

358.9
363.4

187.2
189.8

546.2
553.2

135,1
137.2

198.7
199.4

333.7
336.6

379.9
376.0

1985-AOGSEPT.

HAY

U££K £10X1(6
1986
AUG.

4
11
18
25

SEPT* 1 P
8 P

1/
2/
3/
4/

364.1

135.8
136.8
137.3
137.7

378.7
376.6
376.0
377.6

278.6
280.5
281.1
282.7

365:3
367.8

138.1
139.4

377.2
376.6

282.3

360.9
362.3
363.7

SAflJKJS DEPOSITS EXCLUDE MHDAS.
SHALL DENOMINATION TIME DEPOSITS — INCLUDING BETAIL EPS ~ ARE THOSE ISSUED IN AMOUNTS OF LESS THAU $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IfiA) AMD KEOGH ACCOUNTS AT CO&tlE&ClAL BANKS AND THRIFTS ARE SUBTRACTED FROM SHALL
TXHE DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (Io*S).
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BY MONEY MARKET MUTUAL MHOS, DEPOSITORY
INSTITUTIONS ANt) FORjiiIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6 (508)
Table 5-continued

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

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

Term
Eurodollars2

Savings
bonds

Nor. M3 Components of L
Short-term
treasury
Bankers
acceptances4
securities3

Components of Debt
Commercial
paper1

Federal debt*

Non-Federal9
debt

63.6
62.3

30.6
31.2

26.7
27.5

57.3
58.6

78.8
78.9

78.0

280.4
281.3

44.3
43.9

181.0
187.8

1495.8
1506.9

4945.7
5003.0

OCT.
NOV.
DEC

63.3
64.5
64.6

30.5
31.7
32.1

29.2
31.b
33.9

59.8
63.3
66.0

78,2
78.4
76.7

78.5
79.0
79.6

280.7
295.7
304.3

4 3.8
42.1

193.4
199.1
204.6

1515.6
1544.2
1583.7

5062.9
5123.2
5220.4

1986-JAH.
FEB.
BAB.

67.3
67.7
70.2

33.7
35.8
37.2

35.1
34.7
34.4

68.8
70.6
71.6

76.1
79.4
82.9

80.0
80.5
81. 1

303.8
306.7
304.2

42.2
41.9
40.7

207.5
208.8
20/. 9

1606.7
1621.0
1633.3

5300.4
5323.4
5351.9

APB.
BAY
JUNE

74.1
76.1
75-0

35.6
35.5
33.9

35.9
38.7
41.6

71.5
74.2
75.5

81.6
79.9
80.5

81.8
82.6
83.4

299.7
298.8
298.2

39.9
39.6
39.8

205.2
207.0
213.3

1644.6
1660.7
1678.9

5397.7
5448.3
5497.8

JOLT
AUG. P

77.5
80.8

33.0
33.9

42.0
41.7

74.9
75.5

79.5
79.5

84.2

298.3

40. 1

215.5

1695.6

5518.3

79.8
80.4
80.0
80.9

33.7
33.7
33.6
33.3

82.9
83.3

34.9
34.8

1985-AOG.
SEPT.

77.1

WEEK ENDINGS
1986-AUG.

4
11
18

25
SEPT.

1/

2/
3/
4/
5/
6/

1 P
8 P

TEKH EPS ABE THOSE WITH ORIGINAL HATOBITIES G££AT£fi THAN ONE DAY. EXCLUDING CONTINUING CONTRACTS AND fiETAIL BPS.

INCLU DRS

A HELATIVBLY SHALL AflOUNT OP OVEBNIGHT BPS AT TtiiilFT INSTITUTIONS.
TERH EUBODOLLABS ABB THOSE MITH ORIGINAL flATOBITIES GREATER THAN ONE DAT. CONSISTS OF THOSE ISSUED TO U.S. B2SIDENXS BI
FOBEXGN BRANCHES OF U.S. BANKS VOBLDHIDE AND BY ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEX MABKET MUTUAL FUNDS.
CONSISTS OF U.S. TfiEASUttY tiZLLS AND COUPONS WITH BEHAINING AATUBITIES OF LESS THAN 12 MONTHS HELD BX OTHER THAN DEPOSITOBX
INSTITUTIONS, FEDEBAL HKSEHVE BANKS, flONEY HAttKET MUTUAL FUNDS, AND FOBBIGN ENTITIES.
NET OF BANKEBS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDEKALfi£SEfiVJ£BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDEBAL
HOME LOAN SANK SYSTEM AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPEB LESS COMMERCIAL PAPEH HELD BY HONEY MARKET MUTUAL FUNDS.
DEBT DATA ABE ON A MONTHLY AVERAGE BASIS, DERIVED BI AVERAGING END-OF-HONTH LEM&LS OF ADJACENT MONTHS, AND HAVE SEEN
ADJUSTED TO REMOVE DISCONTINUITIES.




H.6 (508)
Table 6

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

demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

note balances
at commercial
banks
and thrift
institutions

foreign
commercial
banks

foreign
official
institutions

7.8
8.1

2.0
2.1

8.2
0.2

2.8
3.4

3.0
4.3

10.6
13.4

8.2
8. 1
8.5

1.9
2.1
1.9

8.3
0.4
0.3

3.Q
3.0
3.4

3.1
2.8
3.4

2.4
4.0

19 8 6 * J A N .
FEB.
MA*.

8.3
8.3
8.4

2.Q
1.9
1.8

8.0
7.8
7.6

3.6
3.2
3.3

10.5

APB.
BAY
JUNE

8.7
8.8
0.0

1.9
1.6
1.8

7.5
7.4
7.3

9.1
8.9

2.0
1.8

7.2
7.2

8.5
9.2
8.7
8.7

1.9
1.8
1.7
1.7

9.2
9.7

1.7
1.7

Date

1985-AUG.
SKPT.
OCT.
NOV.
DSC.

JULY
AUG.

P

IRA and Keogh Accounts

U.S. government deposits

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

total demand
deposits and
note and
FR balances

time
and savings
deposits at
commercial
banks

SSPT. 1 P
8 P




money
market
mutual funds

total

1.3
1.3

57.4
57.0

76.8
70.1

8.4
8.3

142.6
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
00.9

0.4
8.4
8.3

145.7
146.6
140.4

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

01.9
02.9
06.4

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.$
26.5
18.9

1.5
1.5
1.7

68.4
69.5
70.1

90.4
91.2
92.1

9.0

10.1
10. 3e

168.5
170.8
172. 4e

3.6

3.0
3.2

13.2

20.6
14.3

1.6
1.6

70.0
71.1

92.9

3.0

10. 4e
10. 5e

17tt. 1e
175. 2e

7.2
7.2
7.2
7.2

3.1
3.0
3.3
2.9

3.3
3.9
3.2
3.4

11.9
6.5
5.3
8.9

18.3
13.4
11.8
15.2

11.6
11.6
1.6
1.7

7.1
7.1

2.8
3.5

2.0
3.5

9.7
4.8

14.4
11.8

1.7
1.7

7.5

8.1

1986
4
11
18
25

thrift
institutions

16.4
21.1

MJSSK E N D I N G :

AUG.

commercial
banks

93.be

SPECIAL SUPPLEMENTARY TABLE
Monthly Survey of S e l e c t e d Deposit9 and Other Accounts
At All Insured Commercial Banks and All Mutual Sav Ings Banks 1
July 30, 1986 and August 2 7 , 1986

(not seasonally adjusted)

NOW accounts 2

Insured Commercial Banks
f
I Amount Outstanding (Smll)! Average Rate Paid (Z)
August 27
Julv 30 1
Julv 30 ! August 27 !
1
!
| 135,227
137,084
|
5.33
5.2.
|

Money market deposit accounts-5

|

LiabfL lty Categories

I

360,916

|

365,316

I

5 48

j

135.878

|

138,124

1

5.36

5.34

|

!

I

13,565

1

13,623

I

i

13,111

I

13,190

|

13,473

|

13,563

1

8,126

I

8,919

|

12,929

I

i
!

I

1

Interest-bear ing time deposits with i
balances of l e s s than $100,000
with original maturities of: 5
1
7 to 31 days
1
(standard error of the estimate)
j

6.157
(406)
19,785
(937)

|
|
1
|
|

139,765
(2,098)

|
|

i

32 to 91 days
(standard error of the estimate)

1

5.913 1
(425) !

5.96

72,712 I
(1,613) 1

183 days to 1 year
(standard error of the estimate)
over 1 year to 2-1/2 years
(standard error of the estimate)

5.67

1

5.70

6.24
1

All IRA/Ksogh Plan deposits 6
(standard error of the estimate)

12,317

5.95

|

13,267

1

13,949

|

6.44

6.14

|

12,700

|

13,222

!
|

1i

j

84,958
(1.561) 1

84,800
(1.793)

6.79

6.48

I
1

12.987

13.690

!

122.652
(1,856) 1

122,434
(2,461)

7.08

6.60

1

12,747

13.538

1
|

71,145
(334)

71.125
(363)

N.A.

N.A.

13.426

13.360

1,432
(293)

1.686
(269)

5.78

5.53

2.625

2,565

1

i

1

Retail repurchase agreements7
(standard error of the estimate)

|
1

1

1

2-1/2 years and over
(standard error of the estimate)

1

1

1
138,685 !
(1,596) 1
1
73,197
(1.556)

1

1

1
i

6.01

19,863
(787)

i

92 to 182 days
(standard error of the estimate)

1

1

I

1

August 27 '
!

July 30

I

•

5.69

|

j

Savings accounts4

!
' Number of Issuing Banks 1
!

1

I
1
1
1

!
|
St ate^ttartered Mutual Savings Banks
Average RJite Paid (Z)
Number of Issuing Banks 1
Amount Outstanding ($mll)
July 30*
August 27
July 30
August 27 1
July 30
August 27

Liability Categories
NOW accounts 2

4,504

4,499

5.41

5.32

291

307

1

31,572

31,713

6.05

5.81

329

336

1

27,816

27,983

S.«l

5.50

335

347

|

1

Money market deposit accounts

3

Sav Ings accounts*
j

Interest-bear ing time deposits with
balances of l e s s than $100,000
with original maturities of: 5
7 to 31 days
(standard error of the estimate)

1
1
1

1

150
(14)

1.576
(332)

1

1,417
(265)

I
1
|
1

18,819
(234)
12,868
(271)

|
1
I
1

19,462
(481)
12,400
(358)

I

12,754
(182)

I
I

13,165
(381)

1

2-1/2 vears and over
(standard error of the estimate)

1
1
1
1
1

21,133
(228)

1
I

20,720
(368)

|

All IRA and Keogh Plan deposits 6
(standard error of the estimate)

I
1

11.617
(258)

I
I

11.932
(280)

|

Retail repurchase agreements7
(standard error of the estimate)

I
1

88
(52)

1

(39)

32 to 91 days
(standard error of the estimate)

1

92 to 182 days
(standard error of the estimate)
183 days to 1 year
(standard error of the estimate)
over 1 year to 2-1/2 y e a n
(standard error of the estimate)

155
(18)

5.88
6.19

!

5.72

102

5.82

275

1

!
|

|

I

6.56

I
1
j
|

6.87

I

285 |

1
j
6.28

I

6.56

324

I

340

338

1
1

342

327

I

333

344

I
I
1

1
7.12

I

6.90

|

1
7.47

1
I

7.18

1
1

N.A.

1

6.00

I

|

N.A.
6.60

1

347

I

I

i

96

|

340

1
1

346

1

1

12

1

12

!

N.A. - Oat a not available.
1 . Estimates are based on data collected bv the Federal Reserve from a stratified random sample of about 550 banks
and 75 mutual savings banka.
2. As of January!, 1986 interest rate ceilings ware removed from all NOW accounts. Beginning with the January 1986
data the NOW account category Includes all NOW accounts, including those accounts which were subject to a 5.25 percent regulatory Interest rate restriction or lor to January 1 , 1986. Estimates for this category are based on reports
of deposits. The NOW account rate is reported as a simple annual rate.
3. Money market deposit accounts (MMDAs)—Deposits with no required minimum maturity but institutions must reserve
the right to require at least seven day's notice prior to withdrawal, no restrictions on depositor e l i g i b i l i t y , or
limitations on the amount of Interest that may be paid; such accounts may allow up to sfac transfers per month, no
more than three of which may be draft and may permit unlimited withdrawals by mall, messenger, or in person.
Estimates for this category are based on reports of deposits. The MMDA rate Is reported as a simple annual rate.
4. Savings deposits that, because of restrictions on transactions, do not meet the definition of an MMDA.
Estimates for this category are based on reports of deposits. The savings account rate Is reported as a
simple annual rate.
5. All Interest-bearing time certificates and open account time deposits with balances of l e s s than $100,000,
including those held in IRAs and Keogh Plan deposits. With the exception of the 7-31 and 32-91 day deposit
rates, which are reported as simple annual rates, time deposit rates are annual effective yields reflecting the
method of compounding reported bv the Individual Institutions.
6. All IRA/Keogh Plan time deposits regardless of s i z e , type of instrument in which held, or interest rate paid.
7. Retail repurchase agreements are In denominations of l e s s than $100,000 with maturities of l e s s than 90 days
that arise from the transfer of direct obligations of, or obligations fully-guaranteed as to principal and Interest
by, the U.S. Government or an agency thereof.