h6_19851121_note.pdf

FEDERAL RESERVE statistical release I

For release at4:30 PM EST

H.6(50R) November 21, 1985

NOTICE

Because of the Thanksgiving holiday on Thursday, November 2 8, the

H.6 statistical release "Money Stock, Liquid Assets, and Debt Measures" will

not be published on that day. It will be published instead on Friday,

November 29 at 4:30 p.m. EST.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE statistical release

H.6(508)Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURESBillions of dollars OFBHiJE* 21, 1985

Date

1984OCT.8 0 7 .DEC.

1985JAN.FSB.HAfi,APfi.HAYJUNEJULYAUG.SEPT-OCT. P

1984OCT.NOV.D E C .

1985--JAN.FEB.BAR.APR.HAYJUNEJULYAUG.S E P 2 .O C T . P

For period ended

1985-OCT. 7142128

MOT. 4 P11 P

M1

Sum of currency,travelers checks,

demand deposits andother checkable deposits1

548.3553.8558.5

562.7569.4572.1574.9581.6591.2595.8606.0611.9611.3

548.2555.9570.4

568.3558.6564.9581.6576.2592.2599.1601.6608.6611.1

M2M1 plus overnight RPs

and Eurodollars,MMMF balances (gen. pur.and broker/dealer), MMDAs,

and savings and smalltime deposits2

2319.32346.32371.7

2398.92421.02429.62427.72444.92472.92490.62514.02528.72533.4

2316.62344.42376.7

2404.22414.52429.92439.62441.02476.6249b.62507.32517.42530.1

M3M2 plus

large time deposits,term RPs, term Eurodollars

and institution-onlyMMMF balances3

Seasonally adjusted

2925.12959.92995.0

3020.53041.03055.93056.63076.03102.93114.43138.23164.53174.5

Not seasonably adjusted

2920.62960.43002.2

3024.33034.33057.63068.53073.93105.63116.63133.13152-73169.0

L

M3 plus otherliquid assets4

Debt

Debt of domesticnonfinancial sectors*

3473.53501.83539.4

3562.03593.43621.23623.13640.23669.03686.23723.63754.4

3469.03502.23540.9

3566.83589.93627.53637.33635.13672.33688.33715.73737.9

5773.95&51.05927.1

5993-96049.76103.16163.4622to.26267.3t>Jb1. 16412.3O466-0

5760.85837.85921.0

59d5.96028.16075.66135.0t198.36262.46327.86390.20447.8

M1Seasonally adjusted

13-week average

605.7606.8608.2609.3

610.1610.9

4-week average

611.8610.6611.7610.8

610.8612.8

week average

1

1

&12.1&05.6H4.0&11.6

&12.1513.6

Not seasonally adjusted13-week average

603.5604.3605.7606.8

607.7608.8

4-week average

60 d. 7608.7612.3611.6

611.0612.4

week average

619. 1614.0613.3600.0616.6619.7

NOTE: SPECIAL CAUTION SHOULD BE TAKEN III IVTEBPBETING VEEK-TO-IEEK CHANGES IV HONEY SUPPLY DATA, IHICH ABEHIGHLY VOLATILE AND SUBJECT TO BEVXFTON.P INDICATES PBELIHIHABY DATA.FOOTNOTES APPEAB ON THE FOLLOMING PAGE


H.6 (508)Table 2

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

3 MONTHS FROM JULY 1985 TO OCT. 1985

6 MONTHS FfiOH APE. 1985 TO OCT. 1985

12 MONTHS FROM OCT. 1984 TO OCT, 1985

THIRTEEN WEEKS ENDING NOV. 11, 1985PBOH TUIBTEEN WEEKS ENDING:

AUG. 12, 1985 (13 WEEKS PREVIOUS)

HAY 13, 1985 (26 WEEKS PREVIOUS)

NOV. 12, 1984 (52 WEEKS PREVIOUS)

M1

10.4

12.7

11.5

12.1

12.9

11.1

M2

6.9

d. 7

9.2

M3

7.7

7.7

8.5

Debt1

11.4

11.9

U.2

1/ GBOWTH HATES FOB DEBT ARE BASED ON PEBIODS BEGINNING AND ENDING ONE HONTfl EARLIER THAN FOB THE HOMEXAMY AGGREGATES,NAMELY, JUNE 1985 TO SEPTBHBBB 1985, MABCH 1985 TO SEPTEMBER 1985, AND SEPTEMBER 1984 TO SEPTEMBER 1965, RESPECTIVELY.

FOOTNOTES TO TABLE 11/ CONSISTS OP (1) COBBENCY OUTSIDE THE TREASURY, FEDEBAL BESEBVE BANKS, AND THE VAULTS OF COMMERCIAL BANKS;

(2) TBAVELEBS CHECKS OF NONBANK ISSUEBS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHKR THAN THOSE DUE TODOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH IT4HS IN THE PBOCESSOF COLLECTION AND FEDEBAL BSSEBVE FLOAT; AND (4) OTHEB CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE OBDSBOF WITHDBAWAL (NOW) AND AUTOMATIC TBANSFEB SE&VICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS,CREDIT UHIOH SHABE DBAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEMANDDEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, BESPACTIVELY, HISLD BYTHBIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.

2/ CONSISTS OF H1 PLUS OVERNIGHT (AND CONTINUING CONTBACT) RPS ISSUED BY ALL COMMERCIAL BANKS AND OVERNIGHT EUBODOLLABSISSUED TO U.S. RESIDENTS BY FOHEISN BRANCHES OF U.S. BANKS WORLDWIDE, MHDAS, SAVINGS AND SMALL DENOMINATIONTIME DEPOSITS (TIME DEPOSITSINCLUDING RETAIL EPSIN AMOUNTS OF L&SS THAN $100,000), AND BALANCES IN BOTHTAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FUNDS. Z1CLUD&S IRA AND KEOGHBALANCES AX DEPOSITORY INSTITUTIONS AND MONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES dELD BY U.S. COMMERCIALBANKS, MONEY MARKET FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, ANDTHE U.S. GOVERNMENT. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESXIflATJii) AMOUNTOF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIME AND SAVINGS DEPOSITS.

3/ CONSISTS OF H2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OR MORE) AND TERM RP LIABILITIES ISSUEDBY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, X4RM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BRANCHES OF U.S. BANKSWORLDWIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPTINSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, MONEYMARKET FUNDS, AND FOREIGM BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT RKPB&S&UTSTHE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY MONEY MARKET MUTUAL i)UDS.

4/ CONSISTS OF H3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY SELURITIJSS, COMMERCIALPAPER AND BANKERS ACCEPTANCES, NET OF HONEY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS.

5/ 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, BANKERS ACCEPTANCES AND OTHER DEBTINSTRUMENTS. THE DATA ARE DERIVED FROM THE FEDERAL RESEHVtf BOARD'S FLOW OF FUNDS ACCOUNTS. ALL DATA UN DEBT OF DOMESTICNONFINANCIAL SECTORS AHE PRESENTED IN MONTH-AVERAGE FORM, DERIVED BY AVERAGING MONTH-END LEVELS 0/ ADJACENT MONTHS. THEDATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT HAY ARISE IN TH UNDERLYING FLOW OF FUUDS STATISTICS.THE PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFOHE, FROM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED ININ THE FEDERAL RESERVE RELEASES Z.7 AND Z. 1. IN THOSE RELEASES, PUBLISHED LEVELS OF CREDIT MARKET DdT ARE MEASURED ON AA QUARTER-END BASIS AND INCLUDE DISCONTINUITIES.


H.6(SO0)

COMPONENTS OF THE MONEY STOCKBillions of dollars, ssaaonally adjusts*

Data

1984-OCT.NOV.DEC.

1985-JAN.FEB.NAR.

APR.HAYJUNE

JULYAUG.SEPT.

OCT. P

VEBK ENDING

1985OCT. 7

142128

HOY. 4 P11 P

Currency1

1 5 7 . 1157.9158.7

159.4160.5161.3

161.7163.1164.5

165.4167.1167-9

169.0

168.3168.6169.0169.3

169.7169.9

Travskwtchocks

5.05.15.2

5.35.35.4

5.55.55.7

5.95.95.9

5.9

Damanddsposlts'

244.5246.8248.6

249.1251.7251.9

252.5255.8260.7

260.9264.1266.8

264.0

266.3260.1265.7263.1

263.7262.3

Othac

dSfMSlts'

141.8143.9146.0

149.0151.8153.6

155.3157.3160.3

163.6168.9171.3

172.4

171.6171.1173.4173.3

172.8175.5

COmponantS

Iflfttt*

1771.01792.51813.3

1836.21851.61857.5

1852-718b3.31881.7

1894. cJ1908.01916.8

1922.1

in MSonh/

605.8613.6623.3

621.6620-062b.3

628.9631.1630.0

623.6624.2635.8

641.1

Savings deposits7at

oommarclal, banks

124.9123.8122.6

121.6121.4120.3

119.6! 120.4

121.9

; 123.2124.2

! 124.6

125- 1

125.0125.1I*J:>.2125.3125.3125.3

atthrift

Institutions167.7166-9166.0

166.9168.0108.4

168.3168.9170.2

172.8176.1177.1

179.3

total

292.6290.7288.6

288.6289.4288.6

287.8289.3292.1

296.0300.3301.7

304.5

Sslsctad nontransacttons MamsSmall tlms dapoalts1

at

banksJ83. 1384.5387.0

384.7382.0382.8

387.6390.0390.7

388.4384.1382.8

381.8

382.7381.9381.6381.3

380.7381.1

atthrift

Institutions489.6494.049d.6

497.2495. b495.8

497.8t>02.0503.4

500.1494.3491.6

489.6

total

872.7878.5885.6

881.987 7.6878.6

885.3892.0894.2

888.5878.4874.4

871.4

Lagat

banks10263.2263.6264.4

262.3264.4269.4

273.0272.1267.7

265.8267.6272.7

276.9

276.9277.5276.3276.0

279.3280.8

is tlms dspostts'at

tnrtftinstitutions

141.9147.1151.8154.6154.9154.2

154.4156.1156.4

154.2153-7155.7

156. 1

total

405.2410.7416.2416.9419.3423.6

427.3428.2424.1

420.0421.3428.4

433.1

1/ CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATEDAMOUNT OF VAULT CASH HELD BY THRIFT INSTITUTIONS TO SERY1CR THEIH OCD LIABILITIES.

2/ OUTSTANDING AHOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. TRAVELERS CHECKS ISSUED BY DEPOSITORYINSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.

3/ DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE UUH TO DOMESTIC BANKS, THE U.S. GOVERN-MENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITiSMS IN THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT-EXCLUDES THE ESTIMATED AMOUNT OP DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCDLIABILITIES.

4/ CONSISTS OF NOW AND ATS BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES ANDDEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHiia CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFFERENCE BETWEEN THESEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDED ARE ALL CEILINGFREE "SUPER NOWS," AUTHORIZED BY THE DEPOSITOR* INSTITUTIONS DEREGULATION COMMITTEE TO BE OFFERED BEGINNING JANUARY 5,1983.

5/ SUM OF OVERNIGHT RPS AND OVERNIGHT EURODOLLARS, MONEY MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER),MMDAS, AND SAVINGS AND SMALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OFDEMAND 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, HONEY HARKxJT FUND BALANCES (INSTITUTION-ONLY), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BYINSTITUTION-ONLY MONEY MARKET FUNDS.

7/ .SAVINGS DEPOSITS EXCLUDE J1MDAS.8/ SHALL DENOMINATION TIMS DEPOSITSINCLUDING HKTAIL RPS ABE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. ALL

INDIVIDUAL RETIREMENT ACCOUNTS (IPA) AND KBOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS AH E SUBTRACTED FROM SMALLTIME DEPOSITS.

9/ LARGE DENOMINATION TIME DEPOSITS AKE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EXCLUDING THOSE BOOKED ATINTERNATIONAL BANKING FACILITIES.

10/ LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL riANKS LESS THOSE HELD BY MONEY MAKKET MUTUAL f'UNUS,DEPOSITORY INSTITUTIONS AND FOKEIGN BANKS KHu OFFICIAL INSTITUTIONS.


H.6 (506)Table 4

COMPONENTS OF LIQUID ASSETS AND DEBTBillions of dollars, seasonally adjusted

Date

1984 SEPT.

OCT.NOT.DEC.

1985-JAH.FEB.MAR.

APE.HATJUNE

JOLTAUG.SEPT. P

1 / CONSISTS OF U.S.

savings bonds

73.6

73.773.974 ,1

74.474.975.3

75.876.276.6

76.777.278-1

TREASURY BILLS AMD

Non-M3 components ofshort-term treasury

securities1

273.5

273.1268.0267.2

266.7270.3275.9

277.8276.8284.6

284.4285.5287.5

banketsLacceptances2

46.8

44.842.541.3

40.842.544.3

44.042.540.2

39.740.740.5

COUPONS WITH REMAINING HATUBITIS OF

commercial paper*

157.2

156.7157.6161.8

159.6164.8169.8

168.9168.6164.7

171.1182.0183.8

LESS THAN 12 MOMTUS

Debt components4federal debt

1310.5

1325.21347.61367.3

1385.01399.81409.9

1424.11442.91459.5

1478.9149^.81505.5

non-federal debt

4400.7

4448.74503.44559.8

4609.04650.04693.2

4739.34783.34827.7

4872.24916.54960.5

ttULD BY OTHER THAN DEPOSITOR*INSTITUTIONS, FEDERAL RESERVE BANKS, HOME! MARKET MUTUAL FUNDS AND FOREIGN ENTITIES.

2/ NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE TKDZRkLHOME LOAN BANK SYSTEM AND HONEY MARKET MUTUAL JrUiiDS.

3/ TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER ttELD BY MONEY MARKET MUTUAL FUNDS.4/ DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DEblVKD BY AVERAGING END-OF-MONTH LEHELS OF ADJACENT MONTHS, AND HAVE BEEU

ADJUSTED TO REMOVE DISCONTINUITIES.


H.6 (508)Table 5

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

Date

1984-OCT.MOV.DEC.

1985-JAN.PBBLMAR.

APR.HATJUNE

JULYAUG.SEPT.

OCT. P

WEEK ENDING:

1985-OCT. 7142128

MO?. 4 P11 P

Currency1

156.7158.7160.9

158.3158.6159.8

161.2163.2165.2

166.8167.7167.6

168.6

169.2169.4168.6167.5

169.2171.3

Travelerschecks2

5 . 04 . 84 . 9

4 . 95 . 05 . 1

5 . 25 .46 . 0

6 . 66 .56 . 2

5 .9

Demanddeposits3

245.8248.9257.4

254.9244.9246.3

255.1251.42b9.8

262.2260.9265.5

265.4

270.7266.4267.0258.3

267.6265.9

Other checkable deposits

at commercialbanks4

101.5103.1105.9

108.3107.8109.9

114.1110.5113.8

115.0117.1119.0

119.8

121.0120.5120.1118.1

121.4123.4

at thriftinstitutions5

39.340.441.3

41.842.343.8

46. 145.747.4

48.549.350.3

51.5

52.251.751.750.3

52.653.4

total

140.6143.4147.2

150.1150.1153.6

160.1156.2161.3

163.5166.4169.3

171.3

173.2172.2171.8168.4

174.0176.7

Nontransactions components

inM2*

1768.41788.51806.3

1835.91855.91865.0

1858.01864.81884.4

1897.51905.71908.8

1918.9

in M3 only7

604.0615.9625.4

620.1619.8627.7

628.9632.9629.0

619.962b. 8635.4

639.0

OvernightRPs1

44.747.945.2

48.756.355.7

47.451.350.3

50.251.952.7

53.1

53.752.552.853.1

54.251.8

OvernightEurodollars*

12.110.112.4

14.213.312.4

12.012.812.7

12.414.213.9

14.5

13.513.114.116.9

15.013.3

Generalpurpose andbroker/dealer

money marketfunds

155.6162.0167.5

171.9175.1177.6

176.2172.2175.4

175.8176.7176.6

176.7

176.0177.3177.1176.8

176.3176.4

1/ COBRKVCT OUTSIDE THE U.S. TREASURY, FEDERAL BBSBHVE BANKS AMD THE fA0LTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATEDAMOUNT OP TA0LT CASH HELD BY THRIFT INSTITUTIONS TO SERflCE THEIR OCD LIABILITIES.

2/ OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF MONBANK ISSUERS. TRAVELERS CHECKS ISSUED BI DEPOSITOR!INSTITUTIONS ARE INCLUDED IN DEMAND DEPOSITS.

3/ DEMAND DEPOSITS AT COMMERCIAL BANKS OTHER THAN THOSE DUB TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS ANDOFFICIAL INSTITUTIONS, LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F. R- FLOAT, LESS THE ESTIMATED AMOUNT OF DEMANDDEPOSITS HELD AT COMMERCIAL BANKS BT THRIFT INSTITUTIONS TO SERTICE THEIR OCD LIABILITIES.

4/ CONSISTS OF MOM AND ATS BALANCES AT COMMERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACTCORPORATIONS. INCLUDES SUPER NOUS OF $42.3 BILLION IN THE MEEK END OCTOBER 28, $43.1 BILLION IN THE WEEK ENDEDNOVEMBER 4, AND $43.7 BILLION IN THE MEEK ENDED NOVEMBER 11.

5/ CONSISTS OP NOW AND ATS BALANCES AT SAVINGS. AND LOAN ASSOCIATIONS AMD MUTUAL SAVINGS BANKS, CREDIT ONION SHAREDRAFT BALANCES, AMD DEMAND DEPOSITS AT THRIFTS. INCLUDES SUPER MOWS OF $17.9 BILLION IN THE WEEK ENDED OCTOBER 28,$18*6 BILLION IN THE MEEK ENDED NOVEMBER 4, AMD $18.8 BILLION IN THE MEEK*ENDED NOVEMBER 11.

6/ SUM OF OVERNIGHT RPS AND EURODOLLARS, HONEI MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/DEALER), NMDAS AND SAVINGSAND SHALL TIMS DEPOSITS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT CASH HELD BI THRIFT INSTITUTIONS TO SERVICETHEIR TINE AND SAVINGS DEPOSIT LIABILITIES.

7/ SUM OP LARGE TIME DEPOSITS, TERM RPS AND EURODOLLARS OF U.S. RESIDENTS, MONET MARKET FUND BALANCES (INSTITUTION-ONLY), LESS ACONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLYMONEY MARKET MUTUAL FUNDS.

8/ CONSISTS OF OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS ANDMONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).

9/ ISSUED BY FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE TO U. S, RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS ANDMONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).


H.6 (508)Table 5-continued


Date

1984-OCT.MOV.DEC.

1985-JAN.PEB.MAR.

APB.HAYJUNE

JOLTAUG.SEPT-

OCT. P

WEEK ENDING

1985OCT. 7

142128

NOV. 4 P11 P

1 / SAVINGS

Money market deposit accountsat

commercialbanks

248.2257.1267.1

280.4289.3294.0

295.9298.3307.3

313.0317.7321.2

324.4

322.8324.1324.3325.2

327.0328.4

DEPOSITS 1

atthrift

institutions

143.9145.4147.9

153.2159.0163.9

164-5165.5167.8

171.1174.3175.5

176.8

XCLUDE HHI

total

392.0402.4415,1

433.7448.3457.9

460.3463.8475.1

484.1492.1496.7

501.2

A S .

Savings depositsat

commercialbanks

124.3122.7121.4

121.1120.4120.6

120.9121.7123.2

124.3124.0123.7

124.6

124.9124.8124.6124.2

124.2124.4

atthrift

institutions

167.4166.1164.9

165.7166.5168.2

169.3170.1172.6

175.1175.5176.1

179.1

total

291.7288.8286.3

286.9286.9288.8

290.2291.8295.8

299.4299.5299.7

303.7

Small denomination time deposits2at

commercialbanks

386.2387.1387.6

386.3384.1383.7

383.9385.2386.4

386.4385.4385.2

384.9

385.6385.3384.7384.3

384.0384.3

atthrift

institutions

493.2497.4499.4

502.0499.5496.3

495.6495.5496.7

497.5494.0492.3

493.3

total

879.4884.5887.0

888.488J.6880.0

879.4880.888J. 1

883.9879.4877.5

878.2

Large denomination time deposits3at

commercialbanks4

264.0263.6265.9

263.026J.9269.8

270.4270.02b7.3

264.9269.4274.4

277.9

278.3278.5277.1277.5

278.6279.5

atthrift

institutions

143.1147.6151.1

154. f154.9153.3

153.4156.1156.0

154.3155.1156.3

157.4

total

407.1411.2416.9

417.1418.8423.0

423.8426.0423.2

419.2424.5430.6

435.4

2/ SHALL DENOMINATION TIHE DEPOSITS INCLUDING RETAIL BPS ARE THOSE ISSUED IN AHOUNTS OF LESS THAN $100,000. ALLINDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROH SHALLTIHE DEPOSITS.

3/ LARGE DENOHINATION TIHE DEPOSITS ARE THOSE ISSUED IN AHOUNTS OF $100,000 OR HORE, EXCLUDING THOSE BOOKED AT INTERNATIONALBANKING FACILITIES (IBFS).

4/ LARGE DENOHINATION TIHE DEPOSITS AT COHHERCIAL BANKS LESS THOSE HELD BY HONKY HARKET HUTUAL FUNDS, DEPOSITORYINSTITUTIONS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.


H.6(508)Table 5-contlnued


Date

1 9 8 4 - O C * .HOV.D E C

1 9 8 5 - J A N .FEB.NAB.

APR.HATJUNE

JULYAUG.SEPT.

OCT. P

WEEK ENDING:

1985-OCT. 714212 8

NOV. 4 P11 P

Institutiononly money

market funds

52.258.362.7

65.062.259.5

59.663.567.1

65.063.662.3

63.3

62.563.563.463.2

64.864.0

at commercialbanks

3 3 , 135.432.5

29.931.232.7

35.233.433.1

31.132.133.1

31.8

31.132.131.632.1

32.332.7

Term RPs1

at thriftinstitutions

36.135.337.3

35.134.536.2

36.835.433.8

33.935.337.2

38.0

total

69.370.769.7

65.065.768.9

71.968.866.9

65.067.470.3

69.8

TermEurodollars2

80.681.983.1

81.181.384.7

80.780.878.3

76.576.076.8

76.1

Non M3 Components of L

Savingsbonds

73.874.074.4

74.674.975.3

75.676.176.5

76.677.178.0

Short-termtreasury

securities'

271.3265.1264.8

268.5273.8283.6

281.2274.6282.5

282.9283.9285.7

Bankersacceptances4

4 5 . 143.342.8

42.042.743-2

42.641.7J9.8

39.140.640.9

Commercialpaper*

158.3159.4156.9

157.3164.2167.7

169.3168.8167.9

173.1181.0180.6

Components of Debt

Federal debt"

1323.01343.01364.7

1383.11397.41412.0

1427.11443.81457.9

1475.61495.81506.9

Non Federal*debt

4437.94494,74556.2

4602.84630.74663.6

4707.94754.64804.5

4852.14894.44941.0

T 7 T E R N RPS ABB THOSE WITH OBIGINAL HATUBITIES GREATEH THAN ONE DAI, EXCLUDING CONTINUING CONTRACTS AND RETAIL HPS. INCLUDESA RELATIVELY SHALL AMOUNT OF OVERNIGHT RPS AT THRIFT INSTITUTIONS.

2/ TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITIES GREATER THAN ONE DAI. CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS BTFOREIGN BRANCHES OF U.S. BANKS VOBLBHIDE AND BY ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, EXCLUDES THOSE HELDBY DEPOSITORY INSTITUTIONS AND HONEY HARKET HUTOAL FUNDS.

3/ CONSISTS OF U.S. TREASURY BILLS AND COUPONS HITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BY OTHER THAN DEPOSITORYINSTITUTIONS, FEDERAL RESERVE BANKS, HONEY HARKET MUTUAL FUNDS, AND FOREIGN ENTITIES.

4/ NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, FEDERAL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERALHOME LOAN BANK SYSTEM AND MONEY HARKET MUTUAL F15HDS.

5/ TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY HARKET MUTUAL FUNDS.6/ DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-MONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN

ADJUSTED TO REMOVE DISCONTINUITIES.


H.6 (508)Table 6

MEMORANDUM ITEMSBillions of dollars, not seasonally adjusted

Date

1984-OCT.HOY.DEC.

1985-JAI .FEB.MAR.

APB.HATJO HE

JDLIAUG.SEPT.

OCT. P

WEEK EBDIMG:

1985OCT. 7

142128

HO?. 4 P11 P

Demand deposits at banks due to

foreigncommercial

banks

8 . 58 . 88 . 6

8 . 58 . 37 . 5

7 . 67 . 87 . 8

7 . 97 . 67 . 9

7 . 9

9 . 07 . 47 . 97 . 5

7 - 87 . 8

foreignofficial

institutions

1.82 . 12 . 0

1 .92 . 11.8

1.92 . 11.9

1 .81.92 . 0

1 .8

1 .81.91.81 .8

1 .82 . 1

Time andsavingsdeposits

due to foreigncommercialbanks and

foreign officialinstitutions

9 . 29 . 49 . 6

9 . 28 . 98 . 7

8 . 58 . 48 . 3

8 . 38 . 28 . 2

8 . 4

8 . 48 . 48 . 38 . 4

8 . 48 . 6

demanddeposits atcommercial

banks

2 . 72 . 83 . 4

3 . 73 . 13 . 6

3 . 93 . 13 . 4

3 . 12 . 83 . 4

2 . 9

3 . 12 . 43 . 92 . 4

3 . 02.7

U.S.

balances atFederalReserveBanks

4 . 03.23 . 4

4 . 04 . 33 . 8

6 . 66 . 72 . 8

4 . 03 . 04 . 3

3 . 1

3 . 13,23 . 33 . 1

2 . 53.2

government deposits

note balancesat commercial

banksand thrift

institutions

8 . 47 . 59 . 1

14.912.7

9 . 2

11.517.811.4

20.010.613.4

2 . 4

4 . 91.41.52 . 1

1.95 . 1

total demanddeposits and

note andFR balances

15.113.616.0

22.520. 116.6

22.027.617.7

27.016.421.1

8 . 5

11. 17 . 08 . 77 . 6

7 . 411.1

timeand savingsdeposits atcommercial

banks

1.01 .11.0

1 .11 .11 .0

1.01.01.0

1.01 .11 .1

1 .1

1 .11 .11 .11 .1

1 .11 .1

IRA and Keogh Accounts

commercialbanks

42.643.243.8

45.34 7.046. tf

53.555.155.9

56.7!>7.457. a58.2

thriftinstitutions

56.957.759.0

61.463. 165.4

69.270.571.8

73.775.276.4

77.6e

moneymarket

mutual funds

6 . 26 . 56 . 9

7 . 47 . 77 . 9

8 . 68 . 68 . 4

8 . 58 . 58.5e

8.7e

total

105.710 7.3109.7

114.0117.9122.1

131.2134.2136.1

138.8141.0142.7e

144.5e

e = estimated


SPECIAL SUPPLEMENTARY

Monthly Survey of Selected deposits and Other AccountsAt A l l Insured Commercial Banks and A l l Mutual Savings Banks1

September 25. 1985 and October ..'?0, 1985(not seasonally adjusted-

Liability Categories

"Super NOW" accounts^*(standard error of the estimate)

Money market deposit accounts^*

Interest-bearing time deposits withbalances of less than $100,000with original maturities of:*

7 to 31 days(standard error of the estimate)



183 days to 1 year(standard error of the estimate)

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

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

All IRA/Keogh Plan deposits5(standard error of the estimate)

Retail repurchase agreements6

(standard error of the estimate)

Liability Categories

-Super NOW" accounts**(standard error of the estimate)

Money market deposit accounts3*(standard error of the estimate)

Interest-bearing time deposits withbalances of less than $100,000with original maturities of:*



92 to 18? days(standard error of the estimate)

183 days to 1 year(standard error of the estimate)

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

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

All IRA and Keogh Plan deposits5(standard error of the estimate)

Retail repurchase agreements6(standard error of the estimate)

Insured Commercial BanksAmount Outstanding (Smil)September 25

40,5/5(814)

321,100

5,709(361)

19,336(804)

1S1,5?3(2.34?)

67.531(1.273)

80,849(1.708)

111,640(1.944)

57,909(431)

1,326(204)

October 30

41,639(829)

3?6.993

5.172(354)

19,754(826)

149,484(2,277)

66,973(1.238)

81,000(1,739)

113.735(1,773)

58,501(508)

1,390(230)

State-CrAmount Outstanding ($mil)September 25

1,183(3)

29,810(86)

210(30)

1,038(65)

21,787(157)

12,455(327)

11,162(44?)

18,988(2?1)

10,021(233)

72(46)

October 30

1,219(2)

30,023(87)

212(3?)

1,046(67)

21,372(160)

12,517(394)

11,614(398)

19,181(202)

10,11?(236)

74(48)

Average Rate Paid (*) 'f^eViKer'rtl " October 30

6.02

6.75

6.93

7.07

7.58

7.91

8.42

9.04

(N.A.)

6.77

6.02

6.76

6.94

7.14

7.65

7.96

8.46

9.05

(N.A.)

6.79

N-imber c* Issuing Bani

11,853

12,964

8,034

12.769

13.572

12.846

13,211

12,966

13,078

2,758

October 30|11.R65

12,911

8,340

12,749

13,537

12,819

13,073

12,906

13,155

2,8?3

artered1 Mutual Savings BanksAverage Rate Paid (%)

September 25

6.35

6.98

6.51

7.12

7.73

8.34

8.74

9.42

(N.A.)

6.74

October 30

6.35

7.00

6.67

7.18

7.83

8.38

8.81

9.42

(N.A.)

6.76

Number of Issuing BanksSeptember 25

210

343

124

283

341

327

335

351

347

31

October 30

212

341

128

292

339

334

333

349

345

31

N.A. - Data not available.1 . Estimates are based on data collected by the Federal Reserve from a s t ra t i f i ed random sample of about 550 banksand 75 mutual savings banks.2. "Super NOW" accounts are NOW accounts containing an agreement between depositor and depository such that ,provided certain conditions--including a $1,000 minimum balanceare met, some or a l l funds deposited are e l ig ib leto earn more than 5.25 percent.3. Moiey market deposit accounts (MMDAs)--Oeposits with a $1,000 i n i t i a l and average balance requirement, norequired minimum maturity but ins t i tu t ions must reserve t^.e r ight to r-.r.nre at least seven day's notice prior towithdrawal, no restr ict ions on depositor e l i g i b i l i t y , or l imitat ions n^ the amount of interest that may be paidunless the average balance f a i l s telow $1,000 during which period the NOW account rate cei l ing applies; suchaccounts may allow up to six transfers per month, no more than three of which may be draft and may permit unlimitedwithdrawals by mai l , messenger, or in person, Esti-nates for th is category of deposits are based on data collectedby the Federal Reserve from weekly deposit report> submitted by about 10,500 commercial banks,4. All interest-bearing time cer t i f icates anri 0Mn account time deposit", with balances of less than $100,000,including those held in IRAs and Keogh Plan d*:p-sits.5. Al l IRA/Keogh Plan time deposits regardlesr of s ize, typa of instrument in which held, or interest rate paid.6. Retail repurchase a'jreeients are 1n denominations of less than $100*000 with maturities of lest; th*n 90 daysthat arise from the transfer of d i re f i obl igat ion; of , or obligations fully-guaranteed as to principal and intert. . 'by, the U.S. Government or an agency mereof. In January, 1985 the minimum-balance rjqui"-*ej in ^jper NOW end MMDA accounts was lowered from $?,Mi:0 to $!.-'. 00.


h6_19851121_note.pdf

Documents

Transcript of h6_19851121_note.pdf