Full text of H.6 Money Stock Measures : September 3, 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

3 , 1987

Billions of dollars
M1

M2

M3
M2p4us
large time deposits,
term R^,termEurodollars
and institution-only
and brofcerMealer), MMOAs,
a^fw4 ema#AvMva aMh#fl a a t a i i l
MMUr balances*
M1 plus overnight RPt
and Eurodollars,
MMMF beiancas (pen. pur.

Sum of currency,
Date
demand deposits and
other rhertaaote deooalti*

L

Debt

ftttptus other

Debt of domestic
nonfinancial s«ctorsb

Hquki assets4

wno Mnnny« mo MTWI

time deposits1

Seasonally adjusted

1986—JULY
AUG.
SEPT.
OCT.
MOV.
DEC.

676.6
687.0
693.1
701.4
712.4
730.5

2693.8
2718.4
2736.3
2760.7
2775.4
2800.1

3368.3
3396.8
3422.0
3442.2
3460.1
3489.1

3998.8
4027.7
4057.0
4082.7
4108.5
4141.1

7234. 4

1987—JAM.
FEB.
MA&.
APRHAY
JUNE
JULY

737.7
737.4
739.5
750.3
753.1
746.6
747.6

2822.2
2821.5
2824.7
2837.9
2838.7
2840.2
2846.2

3514-3
3518.4
3523.1
3538.8
3552.8
3567.3
3572.5

4174.1
4182.6
4172.4
4185.8
4217.8
4225.9

7695.0
7727.4
7780.7
7645. 1
7914.6
7979.5

19$6—JOLY
AUG.
SEW.
OCT.
MOV.
DEC

680.4
685.2
691.2
698.9
715.4
746.5

2700.4
2715.8
2728.8
2757.1
2777.7
2813.6

3368.5
3392.3
3416.4
3438.7
3464.4
3504.4

3999.3
4024.5
4051.1
4077.0
#111.3
4154,5

7198.9
7287.3
7J78.3
7440.5
7515.5
7623. 1

1*37—JAM.
FEB.
BAtu
APfi.
HAY
JONE
JULY

744.4
723.3
728.9
757.5
744.9
749.1
751.5

2832.4
2809.5
2818.4
2846.6
2827.6
2841.4
2853.3

3525.5
3508.7
3520.2
3546.9
3543.0
3565.2
3572.4

4185.5
4174.4
4175.7
4193.8
4202.2
4225.2

7689.4
7712.4
7758.6
7817.5
7878.2
7937.7

7318.6
7400.7
7456.8
7530.1
7630.4

Not seasonally adjusted

M1
For period ended

Seasonally adjusted
13-wek average

w e * average

13-VJ—k average

Not a—onally adjusted
4-w—k avyge

1987-JOl.Y

6
13
20
27

750.5
750.5
749.8
749.1

746.8
746.5
746.0
747.6

750.2
743.4
747.9
749.0

751.H
751.4
749.6
748.6

750.7
751.3
752.9
753.5

769.4
757.7
750.2
736.8

A0G.

3
10

749.3
749.2
749.0
748.6

748.0
749.5
750.2
751.2

751.6
749.5
750.6
752.9

748.4
749.2
749.8
750.2

747.9
747.8
748.7
749.9

747.0
757.3
753.5
741.6

17 P
24 P

MOTE:

ieS,o

»22sSflc

P—INDICATES BH&Ll&ini&X DATA.
FOOTNOTES APPEAfi 0* THEtfOLLOMIIGPASS




H 6 (506)
Table 2

MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES
flarcant changa at aaaaonaily adjusted annual ratas

M1

M2

M3

3 MONTHS FBGM APB,

1987 TO JULY

1987

-1.4

1.2

3.8

6 MONTHS FBOfl JAIi.

1987 TO JULY

1987

2.7

1.7

3.3

1 2 MONTHS FBON JULY

198b TO JULY

1967

Itf-S

5.7

6.1

Debt 1

10.2
9.2
11.3

THIRTEEN WEEKS £110X116 AUG. 2 4 , 1987
FROM THIRTEEM WEEKS BNDINGs

1/

V

2/

3/

5/

HAY

25,

1967

{ 1 3 WEEKS PBBVIOUS)

1.0

FEB.

23,

1967

( 2 6 WEEKS PREVIOUS)

4.0

AUG.

25,

1966

( 5 2 W£EKS PREVIOUS)

10.8

GROWTH BATES FOB DEBT ABE BASED OX PERIODS BEGINNING AND ENDING ONE MONTH KABLIBB THAI FOB TH£ HON£XA*Y AGGREGATES,
NAMELY, MARCH 1 9 8 7 TO JUNE 1 9 8 7 , D£C£HBBt 1 9 8 6 TO JUNE
1 9 6 7 , AID JUKE 1 9 8 6 TO J 0 N £ 1 9 8 7 , R E S P E C T I V B H FOOT N O U S TO TABLE 1
COMSISTS OF ( 1 ) CUBBBNCI OUTSIDE THE TREASUBY, FKDZkAL BKSBRVE BANKS, AMD THE FAULTS OF COMMERCIAL BANKS;
( 2 ) TRAYBLEBS CHECKS OF NON0ANK I S S U E R S ; ( 3 ) DEMAND DEPOSITS AT ALL COMMERCIAL fiAMKS OTHER TflAM THOSE DUE TO
DOttESTIC 0AVKS, THE 0 . S . GOVEB1HEMT, AMD FOBEXGIf BAMKS AMD OFFICIAL IWSTITOTIOBS LESS CASH ITEHS XX TME PROCESS
OF C0LL2CTXOM AMD FEDEHAX BESEBfE FLOAT; AMD ( 4 ) OTH3B CHECKABLE DEPOSITS (OCD) C0MSXSTXM6 OF MEGOTIABLE OBOEfi
OF 1XTHDMAHAI. (MO1) AMD AUTOMATIC TBAiSFEB SERVICE (ATS) ACCOUMTS AT DEPQSITOBI XMSTITOTXOMS,
CB£DXI UMXOM SHABfi DBAFT ACCOUNTS AMD DlflAMD DEPOSITS AT THBXFT IMSTITOTIOMS.
THE CUBBEMCI AMD DEAAMD
DEPOSIT COflPOMEMTS &ICUI&2 TB£ ESTlBATED AAOUMT OF VAULT CASH AMD DEBAMD D E P O S I T S , BBSPftCXXfKLI, HELD BI
THBXFT INSTITUTIONS TO SEBVICE THEIB OCD L I A B I L I T I E S .
CONSISTS OF H1 PLUS OfEBNIGHT (AMD CONTINUING COIITBACT) EPS ISSUED Bt ALL COHMEBCIAL BANKS AND O¥£BMXGHT EUBODOLLABS
ISSUED TO U . S . BESIDENTS BY FOBBXGM BBANCHBS OF U . S . BANKS 0OBLDHIDE, HHDAS, SAfXNGS AMD SHALL DEMOIXMATXON
TXHS DEPOSITS ( T I B S DEPOSITS—INCLUDING BETAIL B P S — I N AflOONTS OF LBSS THAN $ 1 0 0 , 0 0 0 ) , AND BALANCES XN BOTH
TAXABLE AND TAX-EXEMPT GENEBAL PUBPOSE AND 6B0KEB/DEALEH HONfil BASKET MUTUAL WUHBS. EXCLUDES IBA AND KEOGH
BALANCES AT DEPOSITOR! INSTITUTIONS AND MONEY MABKfiT FUNDS. ALSO EXCLUDES ALL BALANCES HEL0 BY U . S . COflflEBClAL
BANKS, MONEY HABKET WOMBS (GEMEBAL PUBPOSE AND BBO&EH/DBALEB), FOBEXGN GQV£BNfl£NTS AND COHHEBCXAL BANKS, AND
THE U . S . GOY£BNH8NT.
ALSO SOBTBACTED I S A CONSOLIDATION ADJUSTMENT THAT JtXPBKSENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND YAULT CASH HELD BY THBIFT INSTITUTIONS TO SEHYICE THEIB TIME AMD SAYINGS DEPOSITS.
CONSISTS QT H2 PLUS LABG£ D£NOHINATION TIHE DEPOSITS ( I N AMOUNTS OF $ 1 0 0 , 0 0 . 0 OB HOfiB) AND T£MM BP L I A B I L I T I E S I S S U E D
BY COHHEECIAL BANKS AND THAIFT I N S T I T U T I O N S , TEBH EUBODOLLABS HELD Bt U . S . BESIDBNTS AT FOfiEXGN BBANCHES OF U . S . BANKS
HOBLDHIOS AMD AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AMD BALANCES I N BOTH TAXABLJt AND T A I - B I E f l P T
INSTITUTION-ONLY HOME! flABKBT MUTUAL FUNDS*
£XCLUD£S AMOUNTS HELD BY DEPOSITOfil I N S T I T U T I O N S , THE U . S . GOYBBNHENT, MONEY
MABKET *HUI>Sm AND FOBEIGM BANKS AND OFFICIAL IMStltUtlOtiS.
ALSO SUBTRACTED I S A CONSOLIDATION ADJUSTMENT THAT BEPBESJMTS
THE BSTXHATBD AMOUNT OF OVEBNIGHT BPS AMD EUBOOOLLABS HELD BY INSTITUTION-ONLY MONEY MABKET MUTUAL FUNDS.
CONSISTS OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U . S . SAVINGS BOBDS, SMOBT-TSBA TBEASUEI SBCUBITJJE5, COHHEBCIAL
PAPEB AMD BAMKEBS ACCEPTANCES, MET OF MONEY MABKET MUTUAL FUND HOLDINGS OF THESE A S S E T S .
DEBT OF DOMESTIC NOMFINANCIAL SECTOBS CONSISTS OF OUTSTANDING CB2DIT HAHKET DEBT OF THE UNITED STATES GOVEENHENT,
STATE AND LOCAL GOYE&NHENTS AND PBIVATE NONFINANCIAL SECTOBS.
PRIVATE DEBT CONSISTS OF COftPOBATB BONDS, HOBTGAGES,
CONSUMES CBEDII (INCLUDING BANK LOANS), OTHEfi BANK LOANS, COHMEBCIAL PAPBB, BANKEBS ACCEPTANCES AND OTHEB DEBT
I1STBUMEMTS, THE DATA ABE DEBIVED FBOH THE F&D&HkL MKSEBVE BOABD*S FLOW OF FUNDS ACCOUNTS.
ALL DATA ON DEBT OF QpMESTIC
NONFINANCIAL SECTOBS AHE PRESENTED IN MONTH-AVERAGE FORM, DERIVED BY AVEBAGING HONTH-£ND L3VJU.S OF ADJACENT MONTHS.
THESE
DATA HAVE ALSO BEEN ADJUSTED TO BEHOVE STATISTICAL DISCONTINUITIES THAT HAY ARISE IN THE UNDERLYING FLOH OF FUNDS S T A T I S T I C S .
THE PRESENTATION OF DEBT DATA IV THIS RELEASE Dltt&UiS,
THEREFORE, FBOH THE QUABTERLY FLOH OF IfUUDS S T A T I S T I C S CONTAINED
IN THE FfcDEBAL RESERVE U&L&AS&S Z . 7 AND Z . 1 .
XN THOSE RELEASES, PUBLISHED LEVELS OF CJBEOIT MARKET DE*T ARE MEASURED QH
A QUABTEB-EMD B A S I S AND INCLUDE DISCONTINUITIES.




H.t<90*
»3

COMPONENTS OF THE MONEY STOCK
BMMons of dollan, tsaaonally adftmtsd
S^^^C^^ MM^fMM^CtlOfM I^HnS

Noittnjnaacttons

Othsr

oompc

LaraIg nun dfjioi"-*
1

177.6
179-0
179.7

6.3
6.4
6.4

286.2
291.2
292.2

204.5
210.4
214.7

2017.2
2031.4
2043.2

674.5
676.4
665.7

1J4.0
137.5
141.1

193.3
197.2
200.3

327.4
334.6
341.4

380.0
377.0
374.1

500.9
499.6
498.1

660.9
676.7
672.2

at
tM#t
banks* 9 Institutions
K
168,9
289.5
159*3
290.1
158.7
289.8

OCT.
NOV.
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
684.6
689.0

145.6
150.2
154.5

20 4.7
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
85 J - 5

286.1
289.9
291.8

157.4
165.9
155.3

445.5
445.8
447. 1

1987-JAN.
FKB.
HAfi.

186.0
187.2
187.7

6.5
6.7
6.6

305. 1
300.8
299.3

240.1
242.9
245.7

2084.5
2064.1
2085.2

692.6
696.9
696.4

159.8
164.4
168.3

216.9
222.7
22 6.0

376.7
387.2
396.3

364.7
362.6
360.0

48b. 9
485.8
465.8

651.6
848.3
845.9

29 5.7
296*0
299.0

154.0
152.3
151.1

449.7
448.2
450. 1

APB.
HAY
JUNE

188.9
190.2
191.1

6.8
6.7
6.8

303.9
30 J . 9
297.4

250.7
252.2
251.2

2067.6
2085.6
2093.6

700.9 !
714.1
727. 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
465.9
489.9

843.6
843.0
850.0

305.9
310.7
314.9

148.7
149.0
150. 1

454.6
459.7
465.0

JULY

192.1

6.7

296.2

252.5

2098.6

726.4

176.6

240.1

416.7

363.4

495.1

658.5

313.5

151.2

464.8

Oats

Curtsncy*

Tvavatafs
chacks^

Damand
deposits'

ensckabts
deposits4

In MS
onh/

at
ttirtft

i

1986-JULI
AUG.
SEPT.

at

at
totat

at

at

Inf Ifl

totat

banks

banks

total

446.3
44 9.4
448.4

WEEK ENDING
1987
JULY

AUG.

1/
2/
3/

V
5/

7/
8/

V
10/

6
13
20
27

191.3
192.1
192.3
192.7

301.0
293.6
295.7
295.6

251.2
250.9
253.2
253.9

176.3
176.0
176.4
177. 1

362.1
362.8
363.4
364.2

J
10
17 P
24 P

192.1
192.9
19J.2
193.8

298.3
295.9
295.8
296.8

254.3
253.9
254.6
255.6

177.6
176.0
178.2
177.9

365.0
365. 1
365.2
365.7

1

312.6
314.9
313.6
312.9
313.0
314.3
312.9
314.1

CURRENCY O0TSXDB TBB U . S . TREASONI, FBDEBAL RESERVE BABES ABD VAULTS OF COBBEBCIAL BANKS.
EXCLODES T I B ESTXBATSD
ABOOBT OF VAULT CASB BSLD B I THRIFT IBSTITOTIOBS TO SEBYICE TBEIR OCD L I A B I L I T I E S .
OUTSTANDING AflOOBT OF O.S. DOLLAR-DBBOBX RATED TRAVELERS C B B d S OF BOBBABK I S S U B B S . TRAVELERS CBBCKS XSS0BD B I DEPOSIT OB I
INSTITUTIONS ARE INCLUDED XB DBBABD DEPOSITS.
DBBABD DEPOSITS AT COBBEBCIAL BANKS ABD FOBBXGB BELATED INSTITOTIONS OTHER THAN THOSE DOE TO DOBBSTXC BANKS, TBB O . S . GOVERNBENT ABD FOREIGN BANKS ABD OFFICIAL INSTITUTIONS LESS CASB I T BBS IN TBB PROCESS OF COLLECTION ABD TBDtmkL BESEBVB FLOAT.
EXCLUDES THE KSTIBATED ABOOBT OF DBBABD DEPOSITS HELD AT COBBERCIAL BABKS BT THRIFT XBSTXTUTXOBS TO SERVICE THEIR OCD
LIABILITIES.
CONSISTS OF NOB ABD ATS BALANCES AT ALL DEPOSITOBY I N S T I T U T I O N S . CREDIT OBIOB SHARE DRAFT BALANCES ABD
DBHABD DEPOSITS AT THRIFT INSTITOTIONS.
SOB OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, BOBB1 BABKET F0BD BALANCES (GBBBRAL PURPOSE ABD BBOKEB/DBALEB) ,
flflDAS, AND SAVIBGS ABD SBALL TIBE DEPOSITS/ LESS THE COBSOLXDATIOB ADJOSTBBBT TBAT BBPRESBBTS TBB ES1XBATBD ABO0B1 OF
DBHABD DBPOSITS ABD VAOLT CASH HELD B I THRIFT XBSTITOTXONS TO S E B f l C E TBEXB TIflE ABD SAYIBGS DEPOSITS L I A B I L I T I E S .
SUB OF LABGB TIBE DEPOSITS. TRBH BPS ABD TBBfl B0BODOLLARS OF O.S. BESXDBBTS,
HONEY BARKET FOBD BALANCES (INSTITUTIONONLY) , LBSS A CONSOLXDATXOB ADJOSTBBNT TBAT REPRESENTS THB ESTIHATED ABOUNT OF OVERNIGHT RPS ABD EURODOLLARS HELD BT
INSTITOTIOB-OHLI BONEI BABKET FUNDS.
SAYINGS DEPOSITS EXCLUDE flflDAS.
SflALL DENOHINATION TIBE DEPOSITS—INCLUDING RETAIL R P S — ABE THOSE ISSOED I N ABOOBTS OF LESS TBAB * 1 0 0 , 0 0 0 . ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IRA) ABD K£OGH ACCOUNTS AT COHHERCIAL BABKS AND THRIFTS ARE SUBTRACTED FROB SflALL
TIflE DEPOSITS.
LABGE DENOHINATION TIflE DEPOSITS ARE THOSE ISSUED IN AflOUNTS OF $ 1 0 0 , 0 0 0 OB BOBB0 EXCLUDING THOSE BOOKED AT
INTERNATIONAL BANKING FACILITIES.
LARGE DENOMINATION TIflE DEPOSITS AT COHHBBCIAL BANKS LESS THOSE BELD BI HONEY HARKBT MUTUAL FUNDS,
DEPOSITORY INSTITUTIONS AND FOBBIGN BANKS AND OFFICIAL INSTITUTIONS.




H.6(506)
Table 4

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

3/
4/

commercial paper*

Debt components 4
federal debt
nofi-federaJ debt

298.3

39.3

212.6

1694.0

5474.3

JULX
AUG.
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
17*3.3

552U.9
5590.9
5657.4

OCT.
KOI*
DEC.

87.7
89.8
91.7

286.7
292.2
292.*

37.7
38. Q
37.5

228.4
228.4
230.2

1753.8
1774.9
1804.$

5703.Q
57S5.4
54US.9

1987-JAN*
FEB.
BAB.

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. a
1819.3
1828.2

5*80.3
5908.2
5952.5

95.1
95.9
96.$

265.0
272.4
266.5

41.2
42.4
43.$

244.9
254.3
252.1

1841.1
1864.2
18417.4

6004. Q
6050.3
6092.1

APS.
HAT
JUNE P

2/

Non-M3 components of L
bankers acceptances 2
short-term treasury
securities1

83.5

1986-JUNB

1/

savings bonds

CONSISTS OF U . S . TRBASOBX BILLS AID COUPONS HlTJi REMAINING HAtUBITIES OF LESS TH1M 12 SOUTHS BBLD BI OTBBB THAI DBPOSITOBX
XHSTITUT1OMS, FlOEfiAL U&SZB1E BAMKS. HOMBT HkkH&T HOTUAL FUMDS AMD FOfiEIGM B I T I T I E S .
$St Of BkUtRRS kCCEPtkUCES HELD BI ACCBPTIHG bkMtiS, FEDERAL BESEBfE BAflKS, TORElGM OFFICIAL INSTITUTIONS, THE FEDERAL
flOHE LOAN BANK SISTBll AND flOMET flAEKET HOTUAL MUDS*
TOTAL COHflEiCIAL PAP££ LZSS COflBEACIAL PAPE& HELD BI HOME* HABKET BUTUAL FUNDS.
02BT DATA ABB ON A BONTflLX AfBBAGB BASIS, DBBIIBD BX AfKBAGING BND-OF-flONTH LEVELS OF ADJACENT HONTHS, AND HAVE BEEU
ADJUSTED TO BBBOV1 DISCONTINUITIES.




H6(508)
Table 5

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally ad)usted

Data

Currency1

Demand
deposits'

at cornmerclel
banks4

at thrift
institutions9

General
pufpoee and

Nontranaactldi t components

Othi* checkable dapoaftt
Iravefers
checks1

total

lnM2*

Owoiidht
RPS9

in M3 only7

Eurodollars9
money market
tttnftm

funos

179.1
179.9
179.5

7.2
7.3
6.9

290.5
289.4
291.3

139.3
14 3.0
146.9

64.3
65.6
66.6

203.6
208.6
213.5

2020.1
2030.6
2037.6

668.1
676.5
687.5

54.6
57.6
55.5

17.2
17.1
17.3

19*. 7
200.5
202.2

OCT.
MOF.
DBC

180.9
183.2
186.2

6.5
6.1
6.0

293.9
300.1
319.5

150.4
155.7
162.8

68. Q
70.3
72.2

218.5
226.0
235.0

2058.2
2062.2
2067.1

681.6
686. 7
690.7

58.1
57.9
58.3

19. »
18.8
19.0

206.9
207.1
207.6

1987-JAN.
FEB.
HAH.

184.6
184.8
186.0

6.0
6.2
6.4

311.9
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.*
56.7

22.3
19.5
18.6

209.0
210.7
211.6

APR.
HAI
JUMB

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

700.3
715.3
723.8

54.4
53.3
52.8

20.7
20.9
19.9

211.0
209.1
210.2

JULI

193.8

7.7

298.7

172.9

78.5

251.4

2101.8

719.1

53.9

18.9

210.4

1986-JUL*
AUG.
SEPT.

HEBK ENDING:

1987-JULI

AUG.

13
20
27

195.1
194.3
193.5
192.6

311.6
301.8
297.8
289.2

174.7
174.1
172.5
170.9

80.4
79.8
78.6
76.2

255.2
254.0
251.1
247.1

47.7
53.4
54.7
56.7

15.6
18.5
18.7
21.4

208.6
210.6
210.2
211.3

3
10
17 P
24 P

193.1
195.6
194.6
193.6

295.4
298.0
298.0
290.1

172.8
176.3
174.6
173.5

77.8
79.6
78.6
76.7

250.5
255.9
253.2
250.3

57.7
58.0
56.8
56.?

21.0
17.6
18.1
17.7

211.7
212.8
213.0
214.2

6

i

'-

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

7/
8/
9/

L

C0BBBMCX OUTSIDE THE U . S . TBBAS9BI, FEDERAL EESEUVE BABKS AMD THE TA0LTS OF COMMERCIAL BANKS.
EXCLUDES TIB BSTIBAT1D
AMOUNT OF FAULT CASH HELD BI TBBIFT INSTITUTIONS TO SBBfXCB THEIR OCD L I A B I L I T I E S .
OOTSTABDIVG AMOUNT OF U . S . DOLLAB-DBBOHINATEi) TBAIBLBBS CHECKS OF BOBBAMK I S S U B B S . TBAIBLEBS CHECKS ISSUED BI DBPOSITOtI
INSTITUTIONS ABB INCLUDED I N OEBAND DEPOSITS.
DBBAND DEPOSITS AT COHBEBCIAL BANKS OTHEfi TflAN THOSE DUE TO DOMESTIC BANKS, THE U . S . GOIBBNHENT AND FOREIGN BhM*S AND
OFFICIAL INSTITUTIONS, LESS CASH ITEBS IN TflB PBOCBSS OF COLLECTION AND F . B * FLOAT, LZSS THE ESTIMATED AMOUNT OF DENAND
DEPOSITS HELD AT COHBEBCIAL BANKS BI THRIFT INSTITUTIONS TO S B B f l C E TBBIB OCD L I A B I L I T I E S .
CONSISTS OF NOB AND ATS BALANCES AT COHHEBCIAL BABKS, U . S . BBANCHBS AND AGENCIES OF FOB RIG U BANKS, AND EDGE ACT
CORPORATION.
CONSISTS OF NON AND ATS BALANCES AT S A U N G S AND LOAN ASSOCIATIONS AND MUTUAL S A f l N G S BANKS, CBBDIT UNION SUkBE
DRAFT BALANCES. AND DEB19D DEPOSITS AT THRIFTS.
SUB OF OVERNIGHT EPS AND EURODOLLARS, NONE* MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), HMDAS AND S A f l N G S
AND SHALL TIME DEPOSITS LESS THE ESTIMATED AMOUNT OF DBHAND DEPOSITS AND FAULT CASH HELD BY THRIFT INSTITUTIONS TO SBBFICE
THEIR TIME AND SAFINGS DEPOSIT L I A B I L I T I E S .
SUB OF LARGE TIME DEPOSITS, TERfl BPS AND EURODOLLARS OF U . S . BESlDE9tSt
NONET MARKET FUND BALANCES (INSTITOTION-OBLX) # LESS A
CONSOLIDATION ADJUSTMENT TBAT R£PRESENTS TH£ ESTIMATED AMOUNT OF OFERNIGHT RPS AND EURODOLLARS HELD B I IMSTITUTION-ONLI
HONEI MARKET MUTUAL FUNDS.
CONSISTS OF OFBRNIGHT AND CONTINUING CONTRACT RPS ISSUED BI COMMERCIAL BANKS TO OTHER THAN DBPOSITOBI INSTITUTIONS AND
MONET MARKET MUTUAL FUNDS (G£M£fiAL PURPOSE AND BROKER/DEALER).
ISSUED BX FOREIGN BRANCHES OF U . S . BANKS WORLDHIDE TO U . S . RESIDENTS OTHER THAN DEPOSITORI INSTITUTIONS AND
MONEY MARKET MUTUAL klihDS (GENERAL PURPOSE AMD BROKER/DEALER) .




H.SfSOS)
lebte 5-continued

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

Date

Money market depoeH acoounts
at
at
thrift
total
commercial
Institutions
banks

!tavings
at
commercial
banks

deposits
at
thrift
institutions

total

359.8
364.3
368.9

186.9
189.3
189.9

546.6
553.6
558.8

135.4
137.6
141.0

194.7
195.6
198.6

330.1

OCT.
NOF.
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

1987-JAN.
FEB.
HAfi.

381.7
378.5
378.2

192.5
192.3
192.3

574.3
570.8
570.6

APE.
MAI
JUNE

375.4
368.9
367.6

190.0
188.3
185.9

JOLT

365.2

182.8

1986-JULT
AUG.
SEPT.

Small de< nomination time deposits
at
at
thrift
total
commercial
institutions
banks

Large dertominatton time depoetts'
•t
commercial
banks 4

at
thrift
institutions

339.6

380.4
378.5
375.9

500.5
498.9
497.4

880.9
877.5
87J.3

286.7
289.9
291.2

159.3
159,1

444.8
449.2
450.3

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

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
488.3
486.1

854.4
850.4
845.7

296.9
298.1
301.3

154.4
153*1
151.2

451.3
451.2
452.5

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

840.1
838.3
846.8

303.2
309.2
311.8

148.0
1*9.0
149.7

451.2
458.3
461.5

548.0

178.4

241.9

420.3

363.9

494.7

858.6

310.2

150.6

460.8

158.1

BBBK ENDING

1987
JOLI

6
13
20
27

AUG.

3
10

17 P
24 P

1/
2/
3/
4/

365.9
366.2
365.5
364.3

178.5
178.5
178.S
178.3

362.6
363.4
363.9
364.5

308.9
310.4
310.0
310.8

364.2
364.9
364.0
363.9

178.4
178.8
178.6
177.8

365.6
366.3
366.7
367.3

310.9
312.7
311.8
314.0

SAflWGS DEPOSITS EXCLUDE HflDAS.
SHALL DEIOfllBATIOM TIME DEPOSITS -- IHCLUOIIG HETAIL EPS ~ ABB THOSE ISSUED II AHOONTS OF LESS THAI $100,000. ALL
INOIflDUAL BBTIBBflEMT ACCOUNTS (IBA) AND KEOGH ACCOUNTS AT COHHEBCIAL 8ANKS AND THRIFTS ABB SUBTRACTED PBOH SHALL
TIME DEPOSITS.
LAfiGE DENOHIIATION TIHE DEPOSITS ABB THOSE ISSUED IN AMOUNTS OF $100,000 OB HOBS, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LABGE DENOMINATION TIP* DEPOSITS AT COHHBRCIAI. BANKS LESS THOSE HELD BX HONE! NABKET MUTUAL FUNDS, DEPOSITOR!
INSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.




total

H.6 (508)
Table 5-continued

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

lermftfc'
Date

IfWttitltiOn
only money
market funds

at commercial
tanks

at tnrift

total

Teem
EurodoOars*

bonds

Ns*M3 0cunponents of L
§nort4emT~
oejnkero
treasury
security*
acceptance*4

(femes*emsefOsat
Commercial
paper*

Men* dtM#

Non-Federal*
debt

77.5
80.8
84.4

33.2
34.0
35.*

41.2
41.2
42.2

74.4
75.2
77.9

78.3
78.0
81.4

84.2
85.2
86.4

292.1
290.2
287.8

39.2
37.9
37.4

215.3
219.0
223.1

1695.6
1713.3
1734.5

5503.3
5574.0
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
J7.4

228.7
227.9
228.7

1748.6
1771.7
1803.3

5691.9
5743.7
5819.8

1987-JAN.
FEB.
BAA.

84.Q
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
88.2

92.7
93.5
94.3

290.1
292.9
281.8

37.8
38.9
39.3

239.3
240.4
240.2

1816.9
1826.7
1838.2

5872.5
5885.7
5920.4

APR.
HAT
JO IE

83.1
81.8
81.3

36.8
38.4
37.5

54.2
57.9
60.9

91.0
96.4
98.4

84.1
87.6
90.4

95.1
95.8
96.5

267.6
267.6
264.9

40.5
42.2
43.5

243.8
253.6
255.1

1846.7
1857.8
1869.1

5970.7
6020.4
6068.6

JOLT

83.4

35.2

61.2

96.5

86.8

6
13
20
27

81.7
82.7
83.9
84.4

38.8
34.4
34.2
34.5

3
10
17 P
24 P

84.5
83.4
83.2
83.7

34.7
35.0
36.1
37.1

1986-JULI
AUG.
SEPT.

I I B K ENDING:
1987-JULI

AUG.

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

TSRH EPS ARE CHOSE HITH OilGIHAL HATURITIBS GREATER THAI OIB DAI, EXCLUDING CONTINUING CONTRACTS A W RETAIL RPS. IICL0DSS
A BELAIIfSLI SHALL AflOUHT OF OVERNIGHT RPS AT THRIPT INSTITUTIONS.
TSRH EURODOLLARS ARE THOSE «ITH ORIGINAL HATURITIES GREATER THAI ORE OAf. CO1SXSTS OF THOSE ISSUED TO U.S. RESIDENTS BI
FOREIGN BRANCHES OF U.S. BAMIS IORLDHIDB AND BT ALL BANKING OFFICES IN THE UNITED KINGDOII AND CANADA. EXCLUDES THOSE HELD
BX DEPOSITOR! INSTITUTIONS AND HONEX HARKET MUTUAL FUNDS.
CONSISTS OF U.S. TREASURX BILLS AND COUPONS BITH REHAINING HATORITIES OF LESS THAN 12 HONTHS HELD BT OTHER THAN DEPOSITORI
INSTITUTIONS, FEDERAL RESERVE BANKS, HOME! HARKET HUTUAL WUBDS, AND FOREIGN ENTITIES.
NET OF BANKERS ACCEPTANCES HELD BX ACCEPTING BANKS* FEDERAL RSSBR?E BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOHS LOAN BANK SISTEH ANDflONEXHARKET HOTUAL FUNDS.
TOTAL COHHERCIAL PAPER LESS COHHSRCIAL PAPER H£LD BX HONEI HARKET rfUTUAL FUNDS.
DEBT DATA ABE ON A HONTHLI AfERAGE BASIS, DERIVED BX AVERAGING END-OF-HONTH LEVELS OF ADJACENT HONTHS, AND HAVE BEEN
ADJUSTED TO RBHOVE DISCONTINUITIES.




H.6 (308)
Table 6

MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted
Demand deposit s at banks due tc

Date

foreign
commefcial
banks

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

time
mnd savings
deposits at
commercial
banks

commercial
banks

thrift
institutions

money
market
mutual funds

total

4.<?

3.8
3.2
5.6

13.2
8.1
14.6

20.6
14.2
23.8

1.7
1.7
1.8

71.0
71.3
71.5

95.4
95.1
95.2

10.2
10.2
10.5

176.6
176.7
177.2

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

1.8
1.7
K7

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

11.7

HA&.

10. 4
9.9
9.5

73.4
74. 0
75.4

97.2
97.7
98.8

10.8
1U0
11.2

181.4
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

16.6
27.4
21.8

28.5
46.8
34.2

•1.8

3.6

7.0
16.0
8.7

1.8

78.5
79.2
79.5

101.3
102.0
102.7

12.4
12. 0e
I2.8e

192.1
193. 9e
194. 9e

JUJLI

9.7

2.0

3.8

3.3

5.3

23.3

31.9

1.8

80.1

103.5

12. 8e

196. 3e

6
13
20
27

10.3
9.6
9.5
9.3

2.2
2.0
2.1
1.9

3.8
3.8
3.7
3.8

4.2
2.9
3.6
2.7

6.5
6.0
4.6
4.5

24.4
27.0
26.7
19.9

35.1
35.8
34.9
27.2

1.8
1.8
1.8
1.8

3
10
17 P
24 P

10.2
9.6
8.6
9.1

1.9
2.3
2.0
1.9

3.8
3.8
3.8
3.8

3.2
3.1
3.2
3.0

5.0
3.3
3.2
3.1

15.4
15.8
15.5
22.4

23.6
22.3
21.9
28.5

11.8

198 7 - J A M .
PUB.

AOG.

IRA and Keo•gh Accounts

U.S. government dep DSitS

3.6
3.0
3.6

OCT.
NO?.
D£C

1987
JULY

lOfwtgn
official
institutions

9.7
9.5
9.9

1.9
1.7
1.8

4.2
4.2

10.0
9.7
9.9

1986-JULY
AUG.
SEPT.

H£EK

imtMm.l i m

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

1.6
1.6
1.7

BIDIftG:

estimated




1.8
11.8

1.8