Full text of H.6 Money Stock Measures : September 4, 1986

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

• •HHfiti*

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

SZPT&RB&U

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

Date

1983—JULI

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

L

Debt

M3 plus other
liquid assets4

Debt of domestic
nonfinancial sectors*

596.2
604.8
611.5
614.2
620.1
626.6

2496.2
2515.6
2529.9
2538.9
2551.4
2566.5

3112.2
3130.5
3150.8
3165.7
3181.2
3201.1

3683.3
3711.5
3739.7
3761.6
3799.2
3636.2

6389.B

1986—JAM.
FEB.
flAfi,
APB.
flAI
JO ME
JULI

627.2
631.0
636.4
646. 1
658.7
666.8
676.1

2569.9
2577.7
2592.4
2622.5
2649.7
2670.7
2698.5

3224.5
3241.6
3262.5
3293.7
3315.0
3338.6
3374.7

3860.6
3879.1
3892.7
3916.6
3949.5
3969.5

6913.9
6964.1
7012.4
7070.5
7133.3
7194.6

1985—JULI
AUG.
SEPT.
OCT.
MOV.
DEC

599.6
602. 0
609. 1
612.2
621.7
639.9

2501.1
2511.2
2521.4
2534.2
2549.7
2574.7

3109.6
3126.4
3144.3
3162.7
3184.7
3213.8

3682.8
3709.2
3735.4
3759.1
3801.9
3844.4

6370.3
6441.5
6509.9
6576.4
6667.3
6804.1

1986—JAM.
F&Bm
flAB.
APB.
BAT
JUME
JULI

633.5
619.2
630.5
652.9
651.8
669.2
679.9

2578.7
2571.0
2594.4
2632.1
2640.7
2672.9
2703.9

3232.2
3233.5
3262.9
3300.2
3308.3
3339.3
3372.3

3665.8
3811.5
3696.8
3926.6
3936.3
3969.6

6907.3
6944.6
6985.3
7041.9
7107.6
7173.4

13-week average

Seasonally adjusted
4—week average

AOG.
SEPT.
OCT.
NOV.
DEC

4, 1986

6460.3
6525. J
6592.0
6660.5
6610.0

Not seasonally adjusted

*
M1
For period ended

1986-JULI

AUG.

MOTE:

week average

13-week average

Not seasonally adjusted
4-week average

week average

14
21
28

659.4
661.9
664.3
666.5

669.0
670.3
673.1
675.7

674.2
673.6
677.7
677.1

660.5
662.7
664*3
666.2

672.8
675.6
679.9
680.7

691.3
666.1
678.6
666.7

4
11
18 P
25 P

668.5
670.7
672.9
675.1

677.1
679.9
682.5
665.4

679.8
685.0
668.0
688.6

668.6
671.3
674.0
676.5

679.0
679.7
661.9
664.1

684.6
689.0
687.4
675.5

7

SPECIAL CA0TIOH SHOULD BE XAKEM 1M IMTBBPBETIMG IEZK-TO-1EEK CHAIGES III BOMEI SOPPLI DATA, iHICH ABB
HIGHLY VOLATILE AMD SUBJECT TO MEflSIOM.
P—INDICATES PBELIHINABI DATA.
FOOTNOTES APPEAB ON THE FOLLGtflMG PAGE




H.6 (508)
Table 2

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

M1

M3

18.6

11.6

9.8

10.4

10.0

9.3

11-3

3 MONTHS FROM APR.

1986 TO JULY

1986

6 MOUTHS FROM JAN.

1986 TO JULY

1986

15.6

1986

13.4

12 MONTHS FBOH JDLI

1985 TO JOLI

Debt1

M2

8. 1

8.4

THIRTEEN BEEKS ENDING AUG. 25, 1986
FRO A THIBTBEN WEEKS ENDING:

1/

HAY

26, 1986 (13 WEEKS PREVIOUS)

17.9

FEB.

24, 1986 (26 SEEKS PREVIOUS)

15.0

AUG.

26 f 1985 (52 WEEKS PREVIOUS)

13.2

* - -*

GROWTH RATES FOB DEBT ARE BASED OM PERIODS BEGINNING AMD fiUDIJIG ONE HO MTU EAHLIEB THAU FOB THE MONETARY AGGREGATES,
NAMELY, MARCH 1 S 8 6 TO JUNE 1 9 8 6 , DECEMBER 1 9 8 5 TO JUNE 1 9 8 6 , AND JUNE 1 9 8 5 TO J U I E 1 9 8 6 , RESPECTIVELY.

FOOTNOTES TO TABLE 1
CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FRDB&kL BESEBVE BANKS, AND XHE VAULTS OF COMMERCIAL BANKS;
(2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE 002 TO
DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS III THE PROCESS
OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE OBDBB
OF WITHDRAWAL (NOB) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,
CRBDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THB CURRENCY AND DEMAND
DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD Bl
THRIFT INSTITUTIONS TO SSBVICB THEIR OCD LIABILITIES.
2/ CONSISTS OF Ml PLUS OVERNIGHT (AND CONTINUING CONTBACT) RPS ISSUBD BY ALL COMMERCIAL BANKS AND OVERNIGHT EURODOLLARS
ISSUED TO U.S. RESIDENTS BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE, MMDAS, SAVINGS AND SMALL DENOMINATION
TIMB DEPOSITS (TIME DEPOSITS—INCLUDING BBTAIL RPS—IN AMOUNTS OF LESS THAN 5100,000), AND BALANCES XM BOTH
TAXABLE ANO TAX-EXEMPT GENERAL PURPOSE AND BBOKER/DEkLEE MONEY MARKET MUTUAL fUBDS. EXCLUDES IBA AND KEOGB
BALANCES AT DEPOSITORY INSTITUTIONS AND HONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COMMEBCIAL
BANKS, HONEY MABKET tUMDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN .GOVERNMENTS AND COMMERCIAL BANKS, AMD
THE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIMB AND SAVINGS DEPOSITS.
3/ CONSISTS OF M2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OR MORE) AND TERM RP LIABILITIES ISSUED
BY COMMERCIAL BANKS AND THBIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BBAUCHES OF U.S. BANKS
WORLDWIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT
INSTXTOTION-ONLY HONEY MARKET MUTUAL FUUDS. EXCLUDES AMOUNTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, MONEY
MABKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT BEPmESENTS
TBS ESTIMATED AMOUNT OF OVERNIGHT BPS AND EURODOLLARS HELD BY INSTITUTION-ONLY MONEY HABKET MUTUAL FUMDS*
OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SBOBT-TEBM TREASURY SECURITIES, COMMERCIAL
V CONSISTS
PAPEB AND BANKERS ACCEPTANCES, NET OF HONEY MABKET MUTUAL FUND HOLDINGS OF THESE ASSETS.
5/ DEBT OF DOMESTIC NONFINANCXAL SECTORS CONSISTS OF OUTSTANDING CREDIT HABKET DEBT OF THE UNITED STATES GOVERNMENT,
STATE AND LOCAL GOFERNHENTS AND PRIVATE NONFINANCIAL SECTORS. PRIVATE DEBT CONSISTS OF CORPORATE BONDS, MORTGAGES,
CONSUMES CREDIT (INCLUDING BANK LOANS), OTHER BANK LOANS, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND OTHER DEBT
INSTRUMENTS. THB DATA ARE DERIVED FROM THE FEDERAL RESERVE BOARD'S FLOW CF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC
NONFINANCIAL SECTORS ARE PRESENTED 1M MONTH-AVERAGE FORM, DEAIVBD BY AVERAGING MONTH-END LM&LS OF ADJACENT MONTHS. THESE
DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IN THB UNDERLYING FLOW OF FOMDS STATISTICS.
THE PRESENTATION OF DEBT DATA IN THIS RELEASE Dlff&RS, THEREFORE, FROM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED
IN THE FEDERAL BESE&1E RELEASES Z. 7 AND Z.I. IN THOSE B^LEkSES, PUBLISHED LEVELS OF CREDIT MARKET DEBT ABE MEASURED Q*
A QUARTER-EMD BASIS AND INCLUDE DISCONTINUITIES.

V




COMPONENTS OF THE MONEY MOCK

IfiMf*
165.3
164.9
167.7

5.8
5.9
5.9

260.4
263.1
266*4

164.8
169.0
171.5

1899.9
1910.8
1918.4

616.1
614.9
621.0

122.9
123.7
1241.0

173.8
176.0
176.3

296.7
299.7
300.3

386.7
383.4
382.7

501.3
497.5
495.6

888.0
880.9
678.3

264.0
266.9
270.6

156.3
154. t
15S.J

418.2
421.0
429.6

DBC.

168.7
169.8
170.6

5.9
5.9
5.9

266.0
267.6
271.5

173.7
176.7
178.6

19241.6
1931.3
1939.9

626.6
629.6
634.6

124.4
124. 0
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
880.3

273.9
276.?
279.1

155.9
156.3
157.3

429.7
432.9
436.5

1986-JAB.
FIB.
BAB.

171.9
172.9
173.9

5.9
5.9
6.1

268*9
269.2
273.2

180.5
163.1
185.2

1942.7
1946.7
1954.0

654.6
663.9
670.1

124.7
125.0
125.6

179.3
179.9
t«U

304.0
304.9
306.9

386.6
386.1
389.0

499.4
502.9
505.7

885.9
891.0
894.7

289.?
291.5
287.1

158.2
159.7
163.4

447.9
45 U 2
•50.5

174.4
175.6
176.7

6.1
6.1
6.2

275.7
281.6
284.9

189.9
195.1
199.0

1976.4
1991.1
2004.0

671.2
665.3
667.9

126.6
129.0
130.9

184.0
189.5
194.1

311.4
318.5
325.0

368.0
384.9
381.8

508.2
506.3
504.1

896.2
891.2
885.9

286.9
281.6
280.5

165.0
164.9
164.*

451.9
446.3
445.1

177.$

288.3

203.9

2022.4

676.2

133.4

197.7

33UI

380.0

503.2

883.2

279.7

165.7

445.4

177.2
177.1
177.6
177.9

286.5
287.5
289.1
287.8

202.2
202.7
204.6
205.0

132.4
132.6
133.0
134.3

381.7
381.0
379.7
378.7

280.0
279.3
280.4
279.*

178.2
178.7
179.0
179.4

268.7
290.5
292.3
291.8

206.4
209.4
210.3
211.1

134.8
US. 8
136.7
137.5

377.6
376.8
375.7
374.8

278.9
260.7
281.3
281.9

1985-JOLT
AUG.
SBPT.
OCT.
HOf.

AUG.

1/
2/
3/

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

COBBBBCY OUTSIDE THI U . S . TIE AS 0 1 1 , FBDB1AL I l S I t f S BAHKS ABD fAOLTS OF COHHBBCIAL BABES. EICL9DES THB ESTIBATBD
ABOOBT OF FAULT CASH HELD BI THBIFT IBSTXTOTIOIS TO SBBflCB TBBIB OCO LIABILITIES.
OUTSTABDIBG ABOOIT OF D . S . DOU.AB-DBBOBIBATBD TBAfBLBBS CBECIS OF HOIBABE ZSSUBBS^ TBAfBLBBS CHICKS ISSUED BI DBPOSITOil
IBSTITOTIOIS ABB IICLODED I B DBBABO DBPOSITS.
OBHABO DEPOSITS AT COBBBBCZAL BAHKS ABD FOBBIGB BBLATBD IISTITOTIOIS OTBBB THAI THOSB DOB TO DOHBSTIC BABES, THE O . S . GOfBBBBBBT ABD F0BBI6I BABES ABD OFFICIAL IiSTITUTIOBS LESS CASH IT BBS I B TBB PBOCBSS OF COLLBCTIOH ABD WBBBBkL BBSBBfB FLOAT.
EXCLUDES TBB BSTIBATBD ABOOBT OF DBBABD DEPOSITS HELD AT COBBBBCIAL BABES BI THAIFT IBSTITOXIOBS TO SBfiflCE TBE1E OCD
LIABILITIES.
COBSISTS OF BOB ABD ATS BALABCES AT ALL DEPOSITOBI IBSTITOTIOBS, CBBDIT <>0BIOI SBABB DBAFT BALABCBS ABD
DBHAHD DEPOSITS AT THBIFT IISTITUTIOIS. OTBBB CHECKABLE DEPOSITS SBASOIALLI ADJUSTED EQUALS TUB DIF/EBEHCE BBTBBBfl THE
SBASOBALLI ADJOSTED SUB OF DBBABD DEPOSITS PLOS OCD ABD SBASOBALLI ADJUSTED DBBABD DEPOSITS.
SOB OF OfB1IIGHT EPS ABD OfBBBIGHT BOEODOLLAMS, HOIBI HAEKET FOBD BALABCBS (GBBBBAL PURPOSE ABD BBOKBB/DBALBB) ,
BBDAS, ABD SAflBGS ABD SHALL TIME DEPOSITS, LESS TBB COBSOLIDATIOI ADJOSTBBBT THAT BBPBESBBTS THB BSTIHATBD ABO0B1 OF
DBBAHD DEPOSITS ABD fAOLT CASH HELD BX THHIFT IBSTITOTIOBS TO SBBflCB TBBIB TIHE ARD SAflBGS DEPOSITS LIABILITIES.
SOB OF LABGB TIBB DEPOSITS, TBBH BPS ABD TBBB BOBODOUABS OF B . S . B ESI DEBTS, BOBBI BABftBT FOBD BALABCBS (ISSTltOTIOBOBLI) # LESS A COBSOLIDATIOH ADJBSTHBBT TH'AT HBFBBSBBTS THE BSTIBATBD ABOOBT OF OfBEIICHT BPS ABD EOBODOLLABS BELD Bt
mSTITOTIOB-OiLT BOBBT BAEKET FOBDS.
SAflBGS DEPOSITS BICLODE BBDkS.
SHALL DBBOBIBATIOB TIHE DEPOSITS—IBCLODIBG RETAIL BPS— ABB THOSB ISSOBD I B All00ITS OF LBSS THAU $ 1 0 0 , 0 0 0 . ALL
JHDIflDOAL BBTIBBBBBT ACCOOITS ( I i A ) ABD KBOGH ACCOOBTS AT COBBBBCIAL BAHKS ABD THBIFTS ABB SOBTBACTBD FBOB SBILL
TIHB DEPOSITS.
LABGB DBBOBIBATIOB TIBB DEPOSITS ABB THOSB ISSOBD I B AHOOBTS OF $100,0011 OB BOBB, BZCLODIBG THOSE BOOEBD AT
IHTBBIATIOBAL BAHKIBG FACILITIES.
LABGB DBBOBIBATIOH TIHB DEPOSITS AT COBHBBCIAL BAIKS LESS THOSB HELD BI BOIBI HA MET HOTOAL FOHDS,
DBPOSITOBT IBSTITOTIOBS ABD FOBBIGB BAIKS AND OFFICIAL IISTITUTIOIS.




H.6 (506)
Table 4

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

Debt components4
federal debt
non-federal debt

281.9

44.5

165.7

1459.3

4860.9

JOLI
AOG.
SEPT.

76.7
77.2
78.0

279.2
277.3
280.6

43.7
43.6

171.6
182.9
187.2

1479.5
1496.7
1506.6

4910.3
4963.6
5018.0

OCT.
MOV.
D£C.

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
1586.3

5074.0
5131.5
5223.7

1986-JA*.

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

5305.9
5343.Q
5384.1

81.8
82.6
83.4

297.1
305. 1
300.9

41.0
40.1
40.3

203.0
206.7
206.3

1638.8
1656.2
1677.5

5431.7
5U7.0
5517.1

won
* JUS.

HAfi.
API.
M

ft

V

AAX

JOKE P

2/

commercial paper*

76.5

1985-JOMB

1/

savings bonds

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

COHSISTS OF U.S. TfiBASUal BILLS AID COUPOHS MIXH BSHAHUMG BATOBITIBS OF LJtSS IHA« 12 HOKHS «BLD M O M M THAJ DKWSItOBI
Tu<:*TTin>TnH<: rRDRBAi. IKSBBVK BAMKS. flOMBI HAAJLBT HUTOAL FUNDS ADO FOHBIGII BHTITIES.
S f S ^ S " l k " c ^ A S S I I L " S I ICCKMIMS «AIIKS, FBB88AL MSJJSfS BA«S. F08BIGI OFFICIAL MSTITIITWIIS. THB FBOBBAL
HOIK LOAM BAWC SISTBfl A«0 HOMI UABitBT BOXUAL rOMDS.

SSSKS£p5JS!! S

ADJCSTED TO ftSflOV* DISC0MTXMUITIE5.




H.6 (508)
Table 5

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

Currency1

Travelers
checks 2

Demand
deposits 3

at commercial
banks 4

at thrift

Nontransactions components
total

in M2 6

Overnight
Eurodollars9

institutions 9

General
purpose and
broker/dealer
money market
funds

622.9

48.4
49.6
50.5

12.4
14.2
14.0

175.8
176.8
176.7

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

182.4
181.0
185.3

1945.1
1951.8
1964.0

653.5
662.5
668.4

5O.|
52.4
51.2

18.8
16.2
16.4

177.7
181.0
186.2

59.9
60.5
63.0

194.7
193.4
199.6

1979.2
1988.9
2003.8

668.1
667.6
666.4

51.0
51.5
49.7

17.5
17.6
16.6

191.4
193.2
197.2

139.0

64.5

203.5

2024.0

668.4

54.7

17.2

199.4

166.8
167.7
167.6

6.5
6.6
6.2

261.8
260.4
265.0

115.0
117.0
119.0

49.5
50.3
51.3

164.5
167.3
17 0.3

1901.5
1909.1
1912.3

OCT.
MO I .
DSC

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

198 6- JAM.
FSB.
SAB.

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

APR.
HA I
JOBS

173.6
175.8
177.4

5.8
5.9
6.5

278.7
276.7
285.6

134.8
132.8
136.6

JOLI

179.1

7.2

290.0

1985-JULI
AUG.
SEPT.

in M3 only'

Overnight
RPss

608.6
615.3

REEK ENDINGS
1986-JULI

AUG.

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

7
14
21
28

180.9
179.6
179.0
177.9

297.1
294.2
289.3
281.4

140.4
139.9
138.7
137.3

65.9
65.3
64.4
62.7

206.3
205.2
203.1
200.0

51.3
54.2
55.6
57.2

15.7
17.0
18.3
18.1

196.7
198.8
200.4
201. 1

4
11
18 P
25 P

179.5
180.8
179.9
178.9

290.3
290.8
292.0
283.2

141.4
143.3
142.3
141.8

66.0
66.8
65.9
64.4

207.3
210.1
208.2
206.2

55.7
57.5
58.0
57.8

16.3
15.3
15.9
17.6

200.7
201.4
200.0
200.0

CORfiSMCT OUTSIDE THE U . S . TBEASURT, FEDERAL RESERVE BANKS AMD THE VAULTS OF COBHEBCIAL BANKS. EXCLUDES THE ESTIMATED
AMOUNT OF VAULT CASH UELD BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AflOUNT OF 0 . S . DOLLAR-DENOHINATSD TRAVELERS CHECKS OF NONBANK ISSUERS, TRAVELERS CHECKS ISSUED BI DEPOSITORI
INSTITUTIONS ABB INCLUDED IN DEBAND DEPOSITS.
DSHAND DEPOSITS AT COHBSRCIAL BANKS OTHER THAN THOSE DUE TO DOflESTIC BANKS, THE U . S . GOVERNflENT AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS, LESS CASH ITSflS IN THE PROCESS OF COLLECTION AND F . R . FLOAT, LESS THE ESTIHATED AflOUHT OF DEBkUD
DEPOSITS HELD AT COBBEBCIAL BANKS BX THRIFT INSTITUTIONS TO SERflCS THEIR OCD LIABILITIES.
CONSISTS OF NO» AND ATS BALANCES AT COBBERCIAL BANKS, U . S . BBANCHSS AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT
CORPORATIONS.
CONSISTS OF NOH AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND HUTUAL SAVINGS BANKS, CREDIT UNION SHARE
DRAFT BALANCES, AND DEHAND DEPOSITS AT THRIFTS.
SUH OF OVERNIGHT RPS AND EURODOLLARS, flONEI BABJCET FUND BALANCES (GENBBAL PURPOSE AND BROKER/DEALER), flflDAS AND SAVINGS
AND SHALL TIBS DEPOSITS LESS THE ESTIHATED AflOUNT OF DE0AND DEPOSITS AND VAULT CASH HELD BI THRIFT INSTITUTIONS TO SERVICS
THEIR TIBS AND SAVINGS DEPOSIT LIABILITIES.
SUH OF LARGE TIHB DEPOSITS, TEBB RPS AMD EURODOLLARS OF U . S . RESIDENTS, NONET flARKBT FUND BALANCES (INSTITUTION-OKLI), LESS A
CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIflATED AflOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BI INSTITUTIOlfr-ONLI
BONEl HARKST flUTUAL FUNDS.
CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT BPS ISSUED BI COBBERCIAL BANKS TO OTHEB THAN DEPOSITORI INSTITUTIONS AND
BONET BABKET HUTUAL FUNDS (GENERAL PUBPOSE AND BROKER/DEALER).
ISSUED BT FOREIGN BRANCHES OF U . S . BANKS WORLDWIDE TO U . S . RESIDENTS OTHER THAN DEPOSITORI INSTITUTIONS AND
BOMEl flARKET BUTDAL FUNDS (GENERAL PUBPOSE AND BB0KER/D2ALEB)•




H.6 (508)
Table 5-continued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billions of dollars, not seasonally adjusted
Savings deposits 1

Money market deposit accounts

Small denomination time deposits 2

at

at

at

at

at

at

commercial
banks

thrift
institutions

total

commercial
banks

thrift
institutions

total

commercial
banks

thrift
institutions

313.2
317.9
321.3

174.0
177.3
178.5

487.2
495.2
499.8

124.4
124.0
123.7

174.6
174.9
175.4

298.9
298.9
299.1

386.5
385.3
385.1

500.6
497.1
495.4

OCT.
SOY.
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

1986-JAI.
* FEB.
BAB.

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

APB.
flAI
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

JULI

358.9

187.2

546.2

135.1

198.7

Date

1985-JOLI
AUG.
SEPT.

3

Large denomination time deposits

total

commercial
banks4

at
thrift
institutions

total

887.1

263.0
267.4
272.6

153.1

416.1

882.5
880.5

1S3.9
155.1

421.4
427.6

496.5
496.4
497.6

881.3
880.7
882.5

276.3
278.2
280.9

156.2
157.1
157.8

432.5
435.3
438.7

386.5
387.1
387.2

502.6
504.6
504.6

889-1
891.7
891.8

288.5
290.4
287.7

159.0
160.7
163.2

447.6
451.0
450.8

312.9
319.9
327.0

384.5
382.3
380.7

505.4
502.4
501.2

889.9
884.7
881.9

283.4
280^8
278.8

164.1
164.4
164.1

447.5
445.1
442.9

333.7

379.9

502.2

882.1

278.7

164.6

443.3

at

IBBK SVOIIG
1986
JULI

7
11

21
28
AUG.

4
11
18 P

25 P

1/
2/
3/
4/

357.6
358.6
359.1
359.9
360.9
362.3
363.7
364.0

134.6
134.8
135.5
135.3

380.6
380.3
379.6
379.4

276.1
277.3
279.5
279.9

135.9
136.8
137.2
137.7

378.7
378.4
377.6
377.1

278.6
280.5
281. 1
282.6

SATIBGS DEPOSITS EXCLUDE flflDAS.
SHALL DEHOfllNATION TIflE DEPOSITS — INCLUDING BBTAIL UPS — ABE THOSE ISSUED III ABOUNTS OF LESS THAN $ 1 0 0 , 0 0 0 .
ALL
IfDIVIDUAL BETIBEHEHT ACCOUNTS (IBA) AMD KBOGH ACCOUMTS AT COflflEBCIAL BASKS AMD THBIFTS ABE SUBTRACTED FSOfl SHALL
TIBS DEPOSITS.
LABGE DENOMINATION TIflE DEPOSITS ABB THOSE ISSUED IN AMOUNTS OF $ 1 0 0 , 0 0 0 OB HOBE# EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES
{1BFS).
LAB5E DENOBINATION TIflE DEPOSITS AT COHHEBCIAL BANKS LESS THOSE HELD BY BONET AABKST 0UTUAL FUNDS, DEPOSITOBI
INSTITUTIONS AND FOBEIGN BArfKS AND OFFICIAL INSTITUTIONS.




H.6 (506)
Table 5-continued

COMPONENTS OF THE MONEY STOCK, LIQUID ASSETS AND DEBT
Billion* of dollars, not seasonally adjusted
TermRPs1
Date

Institution
only money
market funds

at commercial
banks

at thrift
institutions

total

leim
Eurodollars'

Savings
bonds

Non M3 Components of L
Short-term
Bankers
treasury
acceptances4
securities*

Components of Debt
Commercial
paper1

Federal debt9

NonFederal*
debt

65.0
63.6
62.3

29.9
30.6
31.2

25.9
26.7
27.5

55.8
57.3
58.6

77.6
78.8
78.9

76.6
77.1
78.0

279.9
280.4
281.3

43.5
44.3
43.9

173.1
181.0
187.8

1475.8
1495-8
1506.9

4894.5
4945.7
5003.0

DEC

63.3
64.5
64.6

30.5
31.7
32.1

29.2
31.6
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

43.8
43.3
4^. 1

193.4
199.1
204.6

1515.6
1544.2
1S83.7

5062.9
5123.2
5220.3

1986-JAB.
FSB.
HAS.

67.3
67.7
70.2

33.7
35.8
37.2

35.1
34.6
34.2

68.8
70.5
71.4

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
207.9

1606.7
1621.0
1633.3

5300.5
5323.6
5352.0

A PA.
JUMS

74.1
76.1
75.0

35.6
35.5
33.9

35.6
38.2
40.8

71.2
73.7
74.7

81.6
79.9
80.5

81.8
82.6
83.4

299.7
298.8
298.2

39-9
39.6
39.4

205.2
207.0
208.9

1644.6
1660.6
1678.7

5397.3
5447.0
5494.7

JULY

77.5

33.0

41.8

74.8

79.5

21
28

75.4
75.8
78.5
79.5

32.8
32.9
32*2
33.6

4
11
18 P
25 P

79.8
80.4
80.0
80.9

33.7
33.7
33.6
33.3

1985-JULI
AUG.
SEPT.
OCT.
»OV.

HAY

MEEK ENDING;
1986-JULY

7
14

AUG.

1/

TBBH EPS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL fiPS. INCLUDES
A RELATIVELY SHALL AMOUNT OF OVERNIGHT RPS AT THRIFT INSTITUTIONS.
2/ TERM EURODOLLARS ARE IHOSE WITH ORIGINAL BATURITIES GREATER THAN ONE DAY. CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS BY
FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE AND BY ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA. EXCLUDES THOSE HELD
BY DEPOSITORY INSTITUTIONS AND HONEY HARKEI MUTUAL FUNDS.
3/ LOUS ISIS OF U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATUJ2ITI4S OF LESS THAN 12 MONTHS HKLD BY OTHER THAN DEPOSITOR I
INSTITUTIONS, FEDERAL RESERVE BANKS, MONEY MARKET MUTUAL FUNDS, AND FOREIGN ENTITIES.
4/ NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDEHAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL
HOME LOAN BANK SYSTEM AND MONEY MARKET MUTUAL FVHDS.
5/ TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.
6/ DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DE&lV&i) BY AVERAGING END-OF-flONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN
' ADJUSTED 10 REMOVE DISCONTINUITIES.




H.6 (508)
Table 6

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

Date

1985-JULY
AUG.
SEPT.

foreign
commercial
banks

6. 1
7.8
8.1

foreign
official
institutions

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

U.S. government deposits
demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

note balances
at commercial
banks
and thrift
institutions

IRA and Keogh Accounts

total demand
deposits and
note and
FR balances

time
and savings
deposits at
commercial
banks

commercial'
banks

thrift
institutions

1.2
1.3
1.3

56.7
57.4
57. tt

75.3
76.8
78.1

8.5
8.4
8.3

140.4
142.6
144.3

8.5

1.3

1.3

11.1

10.7
17.9

58.2
58.7
59.2

79.0
79.5
80.9

8.4
8.4
8.3

145.7
146.6
148.4

20.5
21.0
12.4

34.5
31.7
19.2

60.7
b2.5
64.2

81.9
82.9
86.4

8.6

1.4
1.4

151.2
154.2
159.5

27.0
16.4
21.1

8.3
8.2
8.2

3.1
2.Q
3.4

4.0
J.O
4.3

20.0
10.6
13.4

8.3
8.4
8.3

3.0
3.0
3.4

3.1
2.8
3.4

2.4
4.8

8.0

3.6
3.2
3.3

10.5
7.5
3.7
4.8
2.9

13.6
18.7
12.6

21.5
26.5
18.9

1,5
1.7

68.4
b9.5
70.1

90.1
91.2
91.8e

9.8
10.1

1 0 . 3e

168.2
170.8
172.2e

3.8

13.2

20.6

1.6

70.8

9J.5e

1 0 . 4e

174.7e

12.4
11.6
13.1

21.9
17.9
20.9
22.5

1.6
I.6
I.6
I.6

18.3
13.4
11.8
15.1

I.6

8.2
8.1
8.5

1.9
2.1

1986-JAB.

FZB.

8.8
8.3

HAB.

8.4

2.0
1.9
1.8

APfi«
HA I
JUKE

8.7

1.9

7.5

8.8

7.4

8.8

1.8
1.8

7.3

4.2
3.0
3.5

JOLX

9.1

2.0

7.2

3.6

9.0
9.4
9,0
9.2

2.1

7.2
7.2
7.2
7.2

5.7

3.Q

2.1
1.9
1.8

2.6
3.8
2.4

3.7

7.2
7.2
7.2
7.2

3.1
3.0
3.J
2.9

3.3
3.9
3.2
3.4

1.9

7.8
7.6

3.4

1.4

1.3

1.5

MEEK E N D I N G :

7

14
21
28
AUG.

4

11
18 P
25 P




8.5
9.2
8.7
8.8

total

1.9
2.0
2.1

OCT.
MOV.
DSC.

1986
JOLX

money
market
mutual funds

1.9
1.8

1.7
1.7

3.9
3.9

16.1
11.9
6.5
5.3
8.9

I.6
1.6

1.7

8.7
9.0