h6_19870108.pdf

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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 Billions of dollars Seasonally adjusted Not seasonally adjusted JANUARY 8, 1987 M1 M2 M3 L Debt M1 plus overnight RPs M2plus Sum of currency, and Eurodollars, large time deposits, Oate travelers checks, MMMF balances (gen. pur. term RPs, term Eurodollars M3 plus other Debt of domestic demand deposits and and broker/dealer), MMDAs, and institution-only liquid assets 4 nonfinancial sectors* other checkable deposits 1 and savings and small time deposits 2 MMMF balances 3 1985—NOV. 620.1 2551.4 3181.3 3800.5 6651.8 DEC 626.6 2566.5 3201.2 3839.5 6778.6 198b—JAM. 627.2 2569.9 3224.5 3862.2 6676.5 FEB. 631.0 2577.7 3241.5 3881.3 6923.3 MAE- 638.4 2592.4 3262.6 3895.1 6968.5 APR. 646.1 2622.2 3293.7 3918.6 7029.1 HAY 658.7 2649.7 3315.4 3951.0 7101.0 JON* 666.8 2670.8 3339.0 3973.5 7172.0 JULY 676.0 2699.2 3375.1 4003.5 7238.6 AUG. 687.6 2724.3 3400.7 4031.1 7316.2 SEPT. 693.1 2740.6 3425.5 4059.3 7388.0 OCT. 701.2 2765.1 3444.5 4080.7 7441.5 NOV. 713.5 2781.2 3461.5 1985—NOV. 621.7 2549.7 3184.7 3603.2 6637.4 DEC. 639.9 2574.7 3213.9 3845.7 6772.0 1986—JAN. 633.5 2578.7 3232.2 3867.4 6872.4 FEB. 619.2 2570.9 3233.4 3873.6 6906.2 HA*. 630.5 2594.5 3262.9 3899.3 6945.0 APE. 652.9 2631.8 3300.2 3928.7 7001.8 HAY 651.8 2640.7 3306.6 3937.7 7066.7 JUNE 669.2 2673.0 3339.7 3973.7 7136.9 JULY 679.8 2704.6 3372.7 4003.6 7203.8 AUG. 664.6 2719-2 3395.5 4027.5 7286.0 SEPT. 690.7 2731.5 3418.2 4054.2 7366.2 OCT. 698.4 2759.1 3440.4 4076.5 7423.9 NOV. 715.0 2779.1 3465.1 M1 For period ended Seasonally adjusted Not seasonally adjusted 13-week average 4-week average week average 13-week average 4-week average week average 1986-NOV. 3 10 17 24 DEC. 1 6 15 22 P 29 P 694.9 697.1 699.0 700.8 703.0 705.0 707.5 710.3 713.9 701.4 705.7 708.2 710.2 714.8 716.7 719.2 724.0 728.8 703.4 713.2 712.4 711.6 721.8 721.0 722.3 731.0 741.0 691.9 694-0 696.3 698.7 702.0 704.5 707.5 712.1 718.2 698.8 702.9 706.6 710.6 716.2 721.1 725.7 735.6 743.3 703.5 716.6 717.4 705.5 725.3 736-0 735.8 745.2 756.1 NOTE: SPECIAL CAUTION SHOULD BE TAKEN III INTERPRETING NEEK-TO-NEBK CHANGES IN HONEY SUPPLY DATA, VfllCfl ARE HIGHLY VOLATILE AND SUBJECT TO REVISION. P—INDICATES PRELIHINAHI DATA. FOOTNOTES APPEAR ON THE FOLLOWING PAGE Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Transcript of h6_19870108.pdf

Page 1: h6_19870108.pdf

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 Billions of dollars

Seasonally adjusted

Not seasonally adjusted

JANUARY 8, 1987

M1 M2 M3 L Debt M1 plus overnight RPs M2plus

Sum of currency, and Eurodollars, large time deposits, Oate travelers checks, MMMF balances (gen. pur. term RPs, term Eurodollars M3 plus other Debt of domestic

demand deposits and and broker/dealer), MMDAs, and institution-only liquid assets4 nonfinancial sectors* other checkable deposits1 and savings and small

time deposits2 MMMF balances3

1985—NOV. 6 2 0 . 1 2 5 5 1 . 4 3 1 8 1 . 3 3 8 0 0 . 5 6 6 5 1 . 8 DEC 6 2 6 . 6 2 5 6 6 . 5 3 2 0 1 . 2 3 8 3 9 . 5 6 7 7 8 . 6

198b—JAM. 6 2 7 . 2 2 5 6 9 . 9 3 2 2 4 . 5 3 8 6 2 . 2 6 6 7 6 . 5 FEB. 6 3 1 . 0 2 5 7 7 . 7 3 2 4 1 . 5 3 8 8 1 . 3 6 9 2 3 . 3 MAE- 6 3 8 . 4 2 5 9 2 . 4 3 2 6 2 . 6 3 8 9 5 . 1 6 9 6 8 . 5 APR. 6 4 6 . 1 2 6 2 2 . 2 3 2 9 3 . 7 3 9 1 8 . 6 7 0 2 9 . 1 HAY 6 5 8 . 7 2 6 4 9 . 7 3 3 1 5 . 4 3 9 5 1 . 0 7 1 0 1 . 0 JON* 6 6 6 . 8 2 6 7 0 . 8 3 3 3 9 . 0 3 9 7 3 . 5 7 1 7 2 . 0 JULY 6 7 6 . 0 2 6 9 9 . 2 3 3 7 5 . 1 4 0 0 3 . 5 7 2 3 8 . 6 AUG. 6 8 7 . 6 2 7 2 4 . 3 3 4 0 0 . 7 4 0 3 1 . 1 7 3 1 6 . 2 SEPT. 6 9 3 . 1 2 7 4 0 . 6 3 4 2 5 . 5 4 0 5 9 . 3 7 3 8 8 . 0 OCT. 7 0 1 . 2 2 7 6 5 . 1 3 4 4 4 . 5 4 0 8 0 . 7 7 4 4 1 . 5 NOV. 7 1 3 . 5 2 7 8 1 . 2 3 4 6 1 . 5

1985—NOV. 6 2 1 . 7 2 5 4 9 . 7 3 1 8 4 . 7 3 6 0 3 . 2 6 6 3 7 . 4 DEC. 6 3 9 . 9 2 5 7 4 . 7 3 2 1 3 . 9 3 8 4 5 . 7 6 7 7 2 . 0

1 9 8 6 — J A N . 6 3 3 . 5 2 5 7 8 . 7 3232.2 3 8 6 7 . 4 6 8 7 2 . 4 FEB. 6 1 9 . 2 2 5 7 0 . 9 3233.4 3 8 7 3 . 6 6 9 0 6 . 2 HA*. 6 3 0 . 5 2 5 9 4 . 5 3 2 6 2 . 9 3 8 9 9 . 3 6 9 4 5 . 0 APE. 6 5 2 . 9 2 6 3 1 . 8 3 3 0 0 . 2 3 9 2 8 . 7 7 0 0 1 . 8 HAY 6 5 1 . 8 2 6 4 0 . 7 3 3 0 6 . 6 3 9 3 7 . 7 7 0 6 6 . 7 JUNE 6 6 9 . 2 2 6 7 3 . 0 3 3 3 9 . 7 3 9 7 3 . 7 7 1 3 6 . 9 JULY 6 7 9 . 8 2 7 0 4 . 6 3 3 7 2 . 7 4 0 0 3 . 6 7 2 0 3 . 8 AUG. 6 6 4 . 6 2 7 1 9 - 2 3 3 9 5 . 5 4 0 2 7 . 5 7 2 8 6 . 0 SEPT. 6 9 0 . 7 2 7 3 1 . 5 3 4 1 8 . 2 4 0 5 4 . 2 7 3 6 6 . 2 OCT. 6 9 8 . 4 2 7 5 9 . 1 3 4 4 0 . 4 4 0 7 6 . 5 7 4 2 3 . 9 NOV. 7 1 5 . 0 2 7 7 9 . 1 3 4 6 5 . 1

M1 For period ended Seasonally adjusted Not seasonally adjusted

13-week average 4-week average week average 13-week average 4-week average week average

1986-NOV. 3 10 17 24

DEC. 1 6

15 22 P 29 P

6 9 4 . 9 6 9 7 . 1 6 9 9 . 0 7 0 0 . 8

7 0 3 . 0 7 0 5 . 0 7 0 7 . 5 7 1 0 . 3 7 1 3 . 9

7 0 1 . 4 7 0 5 . 7 7 0 8 . 2 7 1 0 . 2

7 1 4 . 8 7 1 6 . 7 7 1 9 . 2 7 2 4 . 0 7 2 8 . 8

7 0 3 . 4 7 1 3 . 2 7 1 2 . 4 7 1 1 . 6

7 2 1 . 8 7 2 1 . 0 7 2 2 . 3 7 3 1 . 0 7 4 1 . 0

6 9 1 . 9 6 9 4 - 0 6 9 6 . 3 6 9 8 . 7

7 0 2 . 0 7 0 4 . 5 7 0 7 . 5 7 1 2 . 1 7 1 8 . 2

6 9 8 . 8 7 0 2 . 9 7 0 6 . 6 7 1 0 . 6

7 1 6 . 2 7 2 1 . 1 7 2 5 . 7 7 3 5 . 6 7 4 3 . 3

7 0 3 . 5 7 1 6 . 6 7 1 7 . 4 7 0 5 . 5

7 2 5 . 3 7 3 6 - 0 7 3 5 . 8 7 4 5 . 2 7 5 6 . 1

NOTE: SPECIAL CAUTION SHOULD BE TAKEN III INTERPRETING NEEK-TO-NEBK CHANGES IN HONEY SUPPLY DATA, VfllCfl ARE HIGHLY VOLATILE AND SUBJECT TO REVISION. P—INDICATES PRELIHINAHI DATA. FOOTNOTES APPEAR ON THE FOLLOWING PAGE

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

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H.6 (508) Table 2

MONEY STOCK, LIQUID ASSETS AND DEBT MEASURES ^ Percent change at seasonally adjusted annual rates 2

M1 M2 M3 Debt1

3 MONTHS FBOH AUG. 1986 TO NOV. 19*6 1J.1 8.4 7.2 11.2

6 MONTHS FROM MA* 1966 TO NOV. 1986 lo.o 9.9 8.8 11.7

12 MONThS FfiOM NOV. 1966 TO NO?. 1986 16.1 9.0 8.8 13.3

IIRTREN REEKS ENDING DEC. 29, 1966 FROM THIBTEEN WEEKS ENDING:

SEPT. 29, 1986 (13 REEKS PREVIOUS) 16.7

JUNE 30, 1986 (26 HEEKS PBEVIOUS) 17.3

DEC. 30, 1985 (52 HEEKS PBEVIOUS) 13.1 » n ^ —

1/ GROWTH BATES FOB DEBT ABB BASED ON PERIODS BEGINNING AND ENDING ONE MONTH EARLIER THAN FOB THE MONETARY AGGBEGATES, NAMELY, JULY 1986 TO OCTOBEfi 1986, APBIL 1986 TO OCTOBBB 1986, AND OCTOBER 1985 TO OCTOBBB 1986, BBSPECTIVELY.

FOOTNOTES TO TABLE 1 1/ CONSISTS OF (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF COMMERCIAL BANKS;

(2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREME BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IM THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER OF NITHDRAHAL (NOR) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITOR! INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEMAND DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.

2/ CONSISTS OF M1 PLUS OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMERCIAL BANKS AND OVEBNIGflT EURODOLLARS ISSUED TO U.S. RESIDEUTS BY FOBEIGN BBANCHES OF U.S. BANKS HORLDHIDE, MMDAS, SAVINGS AND SMALL DENOMINATION TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL RPS—IN AMOUNTS OF LESS THAN $100,000), AND BALANCES IN BOTH TAIABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER MONEY MARKET MUTUAL FORDS. EXCLUDES IRA AND KEOGH BALANCES AT DEPOSITORY INSTITUTIONS AND HONEY MARKET FUNDS. ALSO EXCLUDES ALL BALANCES HELD BY U.S. COHMEBCIAL BANKS, HONEY MARKET FURDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND 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 TIME AND SAVINGS DEPOSITS.

3/ CONSISTS OF H2 PLUS LARGE DENOMINATION TIME DEPOSITS (IN AMOUNTS OF $100,000 OR MORE) AND TERM HP LIABILITIES ISSUED BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, TERM EURODOLLARS HELD BY U.S. RESIDENTS AT FOREIGN BRANCHES OF U.S. BANKS WORLDWIDE AND AT ALL BANKING OFFICES IN THE UNITED KINGDOM AND CANADA, AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT INSTITUTION-ONLY HONEY MARKET MUTUAL FUNDS. EXCLUDES AMOUNTS HELD BY DEPOSITORY INSTITUTIONS, THE U.S. GOVERNMENT, MONEY MARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. ALSO SUBTRACTED IS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTION-ONLY MONEY MARKET MUTUAL FUNDS.

4/ CONSISTS OF M3 PLUS THE NONBANK PUBLIC HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL PAPER 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 DEBT INSTRUMENTS. THE DATA ARE DERIVED FfiOM THE FEDERAL RESERVE BOARD'S FLOR OF FUNDS ACCOUNTS. ALL DATA ON DEBT OF DOMESTIC NONFINANCIAL SECTORS ARE PRESENTED IN MONTH-AVERAGE FORM, DERIVED BY AVERAGING MONTH-END LEVELS OF ADJACENT MONTHS. "THESE DATA HAVE ALSO BEEN ADJUSTED TO REMOVE STATISTICAL DISCONTINUITIES THAT MAY ARISE IN THE UNDERLYING FLON OF FUNDS STATISTICS THE PRESENTATION OF DEBT DATA IN THIS RELEASE DIFFERS, THEREFORE, FROM THE QUARTERLY FLOW OF FUNDS STATISTICS CONTAINED IN THE FEDERAL RESERVE RELIVES k..7 AND Z.I. IN THOSE RELEASES. PUBLISHED LEVELS OF CREDIT MARKET DEBT ARE MEASURED ON A vJUARTER-EMD BASIS AND INCLUDE DISCONTINUITIES.

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lhbto i

COMPONENTS OF THE MONEY STOCK •two ni of dollars, ooooonslty aajmiod 3

D«t Cyrfawcy' Travaisrs, Osmond Othsr

chsckaota

Mofwransactlows i oojwpowswts

f Ratadad nontransactions Mams

D«t Cyrfawcy' Travaisrs, Osmond Othsr

chsckaota

Mofwransactlows i oojwpowswts 1 tartwos owpoahV

; .—-"^-" *•*— - ' - - m i n i * WWW1 WWWI W y W H »

| UwwfpS W W OSpOwfJwav

D«t Cyrfawcy' Travaisrs, Osmond Othsr

chsckaota UkU ( ^ -M--T— at at at at at ChOC i l l ' deposits' dsposfts4 toiMI* •*V

| banks thrift

mstttutlons total ooffwwsrotai

banks thrift

[ iwatrtyttows total ooriwwsrclal

banks1* thrift

iWSPfMllOnS

total

1985 -NOV. 1 6 9 . 8 575" 2 6 7 . 8 176 .7 1 9 3 1 . 3 6 2 9 . 9 ! 1 2 4 . 8 1 7 9 . 0 3 0 3 . 7 3 8 2 . 2 4 9 3 . 7 8 7 6 . Q 2 7 6 . 7 1 5 6 . 3 4 3 2 . 9 DEC. 1 7 0 . 6 5 . 9 2 7 1 . 5 178 .6 1939 .9 6 3 4 . 6 | 1 2 4 . 5 1 7 9 . 1 3 0 3 . 6 3 8 4 . 1 4 9 6 . 2 8 6 0 . 3 2 7 9 . 2 1 5 7 . 3 4 3 6 . 5

1986 -JAM. 1 7 1 . 9 5 . 9 2 6 8 . 9 180 .5 1 9 4 2 . 7 6 5 4 . 6 i 1 2 4 . 7 1 7 9 . 3 3 0 4 . 0 3 8 6 . 6 4 9 9 . 4 8 8 5 . 9 2 8 9 . 7 1 5 8 . 2 4 4 7 . 9 FJSB. 1 7 2 . 9 5 . 9 2 6 9 . 2 163 .1 1 9 4 6 . 6 6 6 3 . 8 ; 1 2 5 . 0 1 7 9 . 9 3 0 4 . 9 3 8 8 . 1 5 0 2 . 9 8 9 1 . 0 2 9 1 . 5 159 .7 4 5 1 . 3 BAB. 1 7 3 . 9 6 . 1 2 7 3 . 2 185 .3 1 9 5 4 . 0 6 7 0 . 2 1 2 5 . 6 1 8 1 . 2 3 0 6 . 9 3 8 9 . 0 5 0 5 . 7 8 9 4 . 7 2 8 7 . 1 1 6 3 . 4 4 5 0 . 5

APR. 1 7 4 . 4 6 . 1 2 7 5 . 7 189 .9 1 9 7 6 . ) 6 7 1 . 6 1 2 6 . 6 1 8 4 . 8 3 1 1 . 4 3 8 8 . 0 5 0 7 . 9 8 9 5 . 9 2 8 7 . 1 165 .0 4 5 2 . 1 MAI 175 .8 6 . 1 2 8 1 . 6 195 .1 1 9 9 1 . 1 6 6 5 . 6 1 2 9 . 0 1 8 9 . 5 3 1 8 . 5 3 8 4 . 9 5 0 6 . 3 8 9 1 . 4 2 8 1 . 5 1 6 4 . 9 4 4 6 . 4 JUNE 1 7 6 . 7 6 . 2 2 8 4 . 9 199 .0 2 0 0 4 . 0 6 6 8 . 2 1 3 0 . 9 1 9 4 . 1 325 .Q 3 6 1 . 7 5 0 3 . 9 « 8 5 . 6 2 8 0 . 5 164 .6 4 4 5 . 1

JULY 1 7 7 . 5 6 . 4 2 8 8 . 3 2 0 3 . 8 2 0 2 J . 2 6 7 5 . 9 1 3 3 . 4 1 9 7 . 6 3 3 1 . 2 3 8 0 . 0 5 0 3 . 7 8 8 3 . 7 2 8 0 . 2 1 6 5 . 8 4 4 5 . 9 AUG. 179 .0 6 . 5 291 .8 2 1 0 . 4 2 0 3 6 . 7 6 7 6 . 4 1 3 6 . 9 2 0 0 . 8 3 3 7 . 6 3 7 6 . 0 5 0 1 . 2 0 7 7 . ^ 2 8 2 . 0 1 6 6 . 1 4 4 8 . 1 SEPT. 1 7 9 . 7 6 . 5 2 9 2 . 2 2 1 4 . 8 2 0 4 7 . 6 6 6 4 . 7 1 4 0 . 9 2 0 3 . 5 3 4 4 . 4 3 7 2 . 6 4 9 6 . 7 8 7 1 . 3 2 8 1 . 4 1 6 5 . 6 4 4 7 . 2

OCT. 1 8 1 . 2 6 . 4 2 9 3 . 2 2 2 0 . 4 2 0 6 3 . 9 6 7 9 . 3 1 4 5 . 8 2 0 8 . 0 3 5 3 . 8 3 6 7 . 7 4 9 4 . 0 8 6 1 . 8 2 7 9 . 0 1 6 4 . 0 4 4 3 . 0 MOV. 182 .2 6 . 4 298 .4 2 2 6 . 4 2 0 6 7 . 7 6 8 0 . 3 1 5 0 . 4 2 1 2 . 9 3 6 3 . 3 3 6 3 . 9 4 9 0 . 9 8 5 4 . 9 2 8 1 . 3 1 6 1 . 6 4 4 3 . 1

REEK EMDXM6 -

1986 -

BOY. 3 10 17 24

1 8 1 . 3 1 8 1 . 9 18,1.1 182 .3

2 9 4 . 3 298 .9 2 9 7 . 3 2 9 5 . 9

2 2 1 . 4 2 2 6 . 0 2 2 6 . 5 2 2 6 . 9

1 4 7 . 8 149. 1 1 5 0 . 3 1 5 1 . 2

3 6 5 . 3 3 6 4 . 3 3 6 4 . 0 3 6 3 . 6

2 8 0 . 7 2 8 2 . 2 2 6 1 . 4 2 6 1 . 1

DEC. 1 8

15 22 P 29 P

182 .8 182 .4 1 8 2 . 8 1 8 3 . 1 1 8 5 . 0

3 0 4 . 1 3 0 2 . 8 3 0 2 . 6 3 0 7 . 7 313 .4

2 2 8 . 4 2 2 9 . 4 2 3 0 . 5 2 3 3 . 7 2 3 6 . 2

1 5 2 . 3 1 5 3 . 0 1 5 4 . 0 1 5 5 . 2 155.7

3 6 3 . 3 3 6 2 . 6 3 6 2 . 4 3 6 1 . 9 3 6 3 . 2

2 8 0 . 4 2 6 1 . 5 2 6 1 . 7 2 6 3 . 0 2 6 8 . 5

1/ CURREMCI OUTSIDE THE U.S. TREASURY, FEDEBkL RESERVE BAMAS AMD VAULTS OF COMMERCIAL BANES. EXCLUDES THE ESTIHATED AMOUNT OF VAULT CASH HELD BI THRIFT IMSTITUTIORS TO SERVICE THEIR OCD LIABILITIES.

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

3/ DBAAND DEPOSITS AT COEHBRCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DUB TO DOMESTIC BANKS, THE O.S. GOVERN-RENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS L&SS CASH ITEMS IN THE PROCESS OF COLLECTION AMD FEDERAL RESERVE FLOAT. EXCLUDES THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BT THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.

4/ CONSISTS OF NOR AND ATS BALANCES AT ALL DEPOSITORT INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS THE DIFFERENCE BETEBBN TAB SEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AWD SEASONALLY ADJUSTED DEMAND DEPOSITS.

5/ SUM OF OVERNIGHT BPS AND OVERNIGHT EURODOLLARS, MONET MARKET FUND BALANCES (GENERAL PURPOSE AND BROKER/OEALEB), HMDAS, AMD SAVINGS AND SHALL TIME DEPOSITS, LESS THE CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED ANOBNf OF DEMAND DEPOSITS AND VAULT CASH HELD BT THRIFT INSTITUTIONS TO SERVICE THEIR TIRE AND SAVINGS DEPOSITS LIABILITIES.

6/ SUM OF LARGE TIME DEPOSITS, TERM RPS AND TERM EURODOLLARS OF U.S. RESIDENTS, MONET MARKET FUND BALANCES (INSTITUTION-ONLT), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BI INSTITUTION-ONLY HONEY MARKET FUNDS.

7/ SAVINGS DEPOSITS EXCLUDE HMDAS. 8/ SHALL DENOMINATION TIME DEPOSITS—INCLUDING RETAIL RPS— ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. ALL

INDIVIDUAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SHALL TIME DEPOSITS.

9/ LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR HORB, EXCLUDING THOSE BOOKED AT INTERNATIONAL BANKING FACILITIES.

10/ LARGE DENOHINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS THOSE HELD BT HONET MARKET MUTUAL FUHDS, DEPOSITORY INSTITUTIONS AND FOREIGN BANKS AMD OFFICIAL INSTITUTIONS.

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

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H.6 (508) Table 4

COMPONENTS OF LIQUID ASSETS AND DEBT Billions of dollars, seasonally adjusted 4

Non-M3 components of L Debt components4

Date savings bonds short-term treasury securities1

bankers acceptances2^ commercial paper3 federal debt non-federal debt

1 9 8 5 - O C T . 7 8 . 5 ^ 8 2 . 1 4 3 . 9 1 9 2 . 5 1 5 2 1 . 7 5 0 4 5 . 9

MOV. 7 9 . 0 3 0 0 . 7 4 3 . 1 1 9 6 . 4 1 5 5 1 . 0 5 1 0 0 . 8

D E C . 7 9 . 5 3 0 8 . 4 4 1 . 1 2 0 9 . 5 1 5 8 7 . 0 5 1 9 1 . 6

1 9 8 6 - J A N . 7 9 . 9 3 0 5 . 6 4 1 . 6 2 1 0 . 6 1 6 0 7 . 9 5 2 7 0 . 6

P£bm 8 0 . 5 3 0 7 . 8 4 2 . 4 2 0 9 . 2 1 6 2 1 . 0 5 3 0 2 . 3

MAR. 8*1.1 3 0 0 . 3 4 1 . 7 2 0 9 . 5 1 6 2 8 . 5 5 3 4 0 . 9

APR. 8 1 . 8 ^ 9 9 . 1 4 1 . 0 2 0 3 . 0 1 6 4 1 . 5 5 3 8 7 . 6

HAY 8 2 . 6 3 0 6 . 2 4 0 . 1 2 0 6 . 7 1 6 6 5 . 1 5 4 3 5 . 9

JUNE 8 3 . 4 3 0 0 . 2 4 0 . 3 2 1 0 . 6 1 6 9 1 . 9 5 4 8 0 . 1

JULY 8 4 . 3 2 9 2 . 5 3 9 . 4 2 1 2 . 3 1 7 1 2 . 6 5 5 2 6 . 0

AUG. 8 5 . 3 2 8 8 . 6 3 7 . 3 2 1 9 . 3 1 7 2 5 . 1 5 5 9 1 . 0

S E P T . 8 6 . 4 2 8 9 . 4 3 6 . 7 2 2 1 . 1 1 7 4 1 . 6 5 6 4 6 . 4

O C T . P 8 7 . 8 2 8 7 . 5 3 8 . 1 2 2 2 . 9 1 7 5 5 . 9 5 6 6 5 . 6

1/ CONSISTS OF U.S. TREASURY BILLS AND COUPONS if IT 8 REGAINING HATUfllTIES OF LESS TflAH 12 MOUTHS &ELO BY OTHER TflAM DEPOSITORY INSTITUTIONS, FEDERAL RESERVE BARKS, HONEY dARKiil HUTUAL FUNDS ARD FOREIGN ENTITIES.

2/ RET OF BARKERS ACCEPTANCES HELD BY ACCEPTING BANKS, fZDZ&kL RESERVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LOAN BANK SYSTEM AND HONEY MARKET MUTUAL FUNDS.

3/ TOTAL COHHERCIAL PAPER LESS COHHERCIAL PAPER HELD BY HONEY MARKET MUTUAL FUNDS. 4/ DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DZ&LV&D BY AVERAGING END-OF-HONTH LEVELS OF ADJACENT MONTHS, AND HAVE BEEN

ADJUSTED TO REMOVE DISCONTINUITIES.

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Page 5: h6_19870108.pdf

H.6 (506) Table 5

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

Travelers Demand Other checkable deposits Nontransactions components

Overnight Overnight General

Travelers Demand Overnight Overnight purpose and Date Currency1 checks2 deposits1 at commercial

banks4 at thrift

institutions* total inM2* in M3 only7

RPS* Eurodollars* broker/dealer money market

funds

1985-HOY. 170.7 5 . 6 269.0 1 2 2 . 6 5 3 . 8 1 7 6 . 4 1 9 2 8 . 0 6 3 5 . 0 5 2 . 5 1 3 . 9 1 7 6 . 8 D E C 173.1 5 . 5 281.3 1 2 5 . 8 5 4 . 4 1 8 0 . 1 1 9 3 4 . 7 6 3 9 . 2 5 3 . 3 1 7 . 0 1 7 6 . 5

1 9 8 6 - JAB. 170.5 5 . 5 275.1 1 2 8 . 1 5 4 . 3 1 8 2 . 4 1 9 4 5 . 1 6 5 3 . 5 5 0 . 1 1 8 . 8 1 7 7 . 7 FEB. 170.6 5 . 6 262.0 1 2 6 . 8 5 4 . 2 1 8 1 . 0 1 9 5 1 . 8 6 6 2 . 5 5 2 . 4 1 6 . 1 1 8 1 . 0 BAB. 172.3 5 . 8 267.1 1 2 9 . 3 5 6 . 0 1 8 5 . 3 1 9 6 3 . 9 6 6 8 . 4 5 1 . 2 1 6 . 4 1 8 6 . 2

APR. 173.6 5 . 8 278.7 1 3 4 . 8 5 9 . 9 1 9 4 . 7 1 9 7 8 . 9 6 6 8 . 4 5 1 . 1 1 7 . 5 1 9 1 . 4 BAY 175.8 5 . 9 276.7 1 3 2 . 9 6 0 . 5 1 9 3 . 4 1 9 8 8 . 9 6 6 7 . 9 5 1 . 6 1 7 . 6 1 9 3 . 2 JUNE 177.4 6 . 5 285.6 1 3 6 . 6 6 3 . 0 1 9 9 . 6 2 0 0 3 . 8 6 6 6 . 7 4 9 . 9 1 6 . 6 1 9 7 . 3

J U L ! 179.1 7 . 2 290.0 1 3 9 . 0 6 4 . 5 2 0 3 . 5 2 0 2 4 . 8 6 6 8 . 1 5 4 . 7 1 7 . 2 1 9 9 . 7 AUG. 179.9 7 . 3 289.0 1 4 2 . 7 6 5 . 8 2 0 8 . 5 2 0 3 4 . 6 6 7 6 . 3 5 7 . 5 1 7 . 1 2 0 0 . 5 SEPT. 179.5 6 . 9 290.8 1 4 6 . 7 6 6 . 8 2 1 3 . 5 2 0 4 0 . 7 6 8 6 . 8 5 5 . 4 1 7 . 2 2 0 2 . 2

OCT. 180.9 6 . 5 292.5 1 5 0 . 2 6 8 . 3 2 1 8 . 5 2 0 6 0 . 7 6 8 1 . 3 5 7 . 8 1 9 . 3 2 0 6 . 9 BOY. 183.2 6 - 1 299 . * 1 5 5 . 4 7 0 . 6 2 2 6 . 0 2 0 6 4 . 1 . 686 .0 . 5 7 . 1 1 8 . 6 2 0 7 . 0

BERK ENDINGI

1986-NOV. 3 180.7 296.0 1 5 1 . 5 6 9 . 0 2 2 0 . 5 5 9 . 1 2 1 . 6 2 0 7 . 4 10 183.5 299.3 1 5 5 . 8 7 1 . 7 2 2 7 . 5 5 7 . 2 1 7 . 7 2 0 6 . 2

- 1 7 183.1 301.1 1 5 5 . 7 7 1 . 2 2 2 6 . 9 5 7 . 1 1 8 . 9 2 0 6 . 5 24 182.5 2*3-0 1 5 4 . 9 6 8 . 9 223. a 5 8 . 1 1 9 . 2 2 0 8 . 3

D E C 1 184.1 3 0 7 . 8 1 5 6 . 6 7 0 . 8 2 2 7 . 4 5 4 . 8 1 6 . 8 2 0 6 . 7 8 185.5 3 1 0 . 0 1 6 1 . 2 7 3 . 4 2 3 4 . 6 5 7 . 7 1 7 . 4 2 0 6 . 5

15 185.4 3 1 1 . 3 1 6 1 . 0 7 2 . 2 2 3 3 . 2 5 7 . 0 1 8 . 4 2 0 7 . 7 22 P 186.7 3 1 7 . 8 1 6 2 . 7 7 2 . 0 2 3 4 . 7 5 6 . 9 1 9 . 9 2 0 8 . 1 29 P 187.6

_. L

3 2 7 . 1 1 6 3 . 8 7 1 . 6 2 3 5 . 4 5 4 . 4 1 9 . 2 2 0 6 . 8

1/ CUBREBCI OUTSIDE THE U.S. TREASURY, FEDERAL RESBRYE BANKS AND TBE VAULTS OF COHflEBCIAL BABES., EXCLUDES TAB ESTIBATED ABOUBT OF YAULT CASH HELD BY THRIFT INSTITUTIONS TO SEBVICE THEIR OCD LIABILITIES.

2/ OUTSTAHDING ABOUBT OF U.S. DOLLAR-DEBOBIBATBD TRAVELERS CHECKS OF NOBBANK ISSUERS. TBAYELBRS CHECKS ISSUED BY DEPOSITOR! INSTITUTIONS ARE INCLUDED IB DEBAND DEPOSITS.

3/ DEBAMD DEPOSITS AT COflHEBCIAL BANKS OTBER THAN THOSE DOE TO DOHBSTIC BANKS, THE U.S. GOYBBBHBBT ABD FOREIGN BANKS ABD OFFICIAL INSTITUTIONS, LESS CASH ITEBS IB THE PROCESS OF COLLECTION AND F.R. FLOAT, LESS TBE ESTIBATED ABOUBT OF DBflAHD DEPOSITS HELD AT COBBERCIAL BANKS BY TBRIFT IBSTITUTIONS TO SERYICE THEIR OCD LIABILITIES.

4/ CONSISTS OF NOB ABD ATS BALANCES AT COBBERCIAL BANKS, U.S. BRANCHES AND AGENCIES OF FOHEIGB BANKS, ABD EDGE ACT CORPORATIONS.

5/ CONSISTS OF NOU AND ATS BALANCES AT SAYINGS AND LOA* ASSOCIATIONS AND BUTUAL SAYINGS BANKS, CREDIT UBIOB SHARE DRAFT BALANCES, ABD DEBAND DEPOSITS AT THRIFTS.

6/ SUB OF OYERNIGBT BPS AND EURODOLLARS, BONBY BARKET FUND BALANCES (GENERAL PURPOSB ABD BROKER/DEAL BR), flllDAS AND SAYINGS ABD SHALL TIBE DEPOSITS LESS THE ESTIBATED ABOUNT OF DEBAND DEPOSITS AND YAULT CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR TIBE AND SAVINGS DEPOSIT LIABILITIES.

7/ SUB OF LARGE TIBE DEPOSITS, TERH EPS AND EURODOLLARS OF U.S. RESIDENTS, HONEY BARKET FUND BALANCES (INSTITUTIOR-OBLI), LESS A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIBATED AMOUNT OF OVERNIGHT RPS AND EURODOLLARS HELD BY INSTITUTIOH-ONLY HONEY BARKET BUTUAL FUNDS.

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

9/ ISSUED BY POHEIGN BRANCHES OF U.S. BANKS MOHLDHIDE TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AdD BROKER/1)EALEfc) .

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Page 6: h6_19870108.pdf

M.6 (506) Table 5-contlnued

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

Money market deposit accounts Savings deposits1 Small denomination time deposits2 Large denomination time deposits' at at at at at at at at

Date commercial thrift total commercial thrift total commercial thrift total commercial thrift total banks institutions banks institutions banks institutions banks4 institutions

1985 -HOY. 3 2 9 . 2 1 8 0 . 3 5 0 9 . 5 1 2 4 . 3 1 7 9 . 0 3 0 3 . 3 3 8 4 . 2 4 9 6 . 4 8 8 0 . 7 2 7 8 . 2 1 5 7 . 1 4 3 5 . 3

DEC. 3 3 2 , 4 1 7 9 . 6 5 1 2 . 0 1 2 3 . 5 1 7 8 . 3 3 0 1 . 8 3 8 4 . 8 4 9 7 . 6 8 8 2 . 5 2 8 0 . 9 1 5 7 . 8 4 3 8 . 7

1 9 8 6 - J A H . 3 3 6 . 7 1 7 9 . 0 5 1 5 . 7 1 2 3 . 9 1 7 8 . 8 3 0 2 . 7 3 8 6 . 5 5 0 2 . 6 8 8 9 . 1 2 8 8 . 6 1 5 9 . 0 4 4 7 . 6

FEB. 3 3 7 . 0 1 7 9 . 4 5 1 6 . 3 1 2 3 . 6 1 7 9 . 1 3 0 2 . 7 3 8 7 . 1 5 0 4 . 6 8 9 1 . 7 2 9 0 . 4 1 6 0 . 7 4 5 1 . 1

HAB. 3 4 0 . 4 1 8 0 . 2 5 2 0 . 5 1 2 4 . 9 1 8 1 . 6 3 0 6 . 5 3 8 7 . 2 5 0 4 . 6 8 9 1 . 8 2 8 7 . 7 1 6 3 . 2 4 5 0 . 9

APR. 3 4 4 . 8 1 8 0 . 4 5 2 5 . 2 1 2 7 . 2 1 8 5 . 8 3 1 2 . 9 3 8 4 . 5 5 0 5 . 1 8 8 9 . 6 2 8 3 . 6 1 6 4 . 1 4 4 7 . 7

HAY 3 4 8 . 6 1 8 2 . 2 5 3 0 . 8 1 2 9 . 5 1 9 0 . 3 3 1 9 . 9 3 8 2 * 3 5 0 2 . 4 8 8 4 . 7 2 8 0 . 8 1 6 4 . 4 4 4 5 . 2

JORE 3 5 5 , 2 1 8 5 . 2 5 4 0 . 4 1 3 2 . 2 1 9 4 . 8 3 2 7 . 0 3 8 0 . 6 5 0 1 . 0 8 8 1 . 6 2 7 8 . 8 1 6 4 . 1 4 4 3 . 0

JULY 3 5 9 . 0 1 8 7 . 1 5 4 6 . 1 1 3 5 . 1 1 9 8 . 8 3 3 3 . 8 3 7 9 . 8 5 0 2 . 7 8 8 2 . 6 2 7 9 . 1 1 6 4 . 7 4 4 3 . 8

AUG. 3 6 3 . 5 1 8 9 , 5 5 5 3 . 1 1 3 7 . 3 1 9 9 . 7 3 3 7 . 0 3 7 7 . 9 5 0 0 . 5 8 7 8 . 5 2 8 2 . 3 1 6 6 . 0 4 4 8 . 3

SEPT. 3 6 8 . 1 1 9 0 . 2 5 5 8 . 3 1 4 0 . 7 2 0 2 . 5 3 4 3 . 2 3 7 5 . 1 4 9 8 . 4 8 7 3 . 6 2 8 3 . 5 1 6 5 . 7 4 4 9 . 2

OCT. 3 7 1 . 7 1 9 2 . 1 5 6 3 . 8 1 4 6 . 0 2 0 8 . 7 3 5 4 . 8 3 7 0 . 4 4 9 6 . 9 8 6 7 . 3 2 8 1 . 7 1 6 4 . 4 4 4 6 . 1

HOY. 3 7 5 . 1 1 9 3 . 0 5 6 8 . 1 1 4 9 . 9 2 1 3 . 0 3 6 3 . 0 3 6 5 . 9 4 9 3 . 8 8 5 9 . 6 ' 2 8 3 . 0 1 6 2 . 5 4 4 5 . 6

REEK ERDIRG

19B6 ROY. 3 3 7 3 . 2 1 4 7 . 6 3 6 7 . 8 2 8 1 . 4

10 3 7 4 . 3 1 4 8 . 9 3 6 6 . 8 2 8 3 . 5

17 3 7 5 . 2 1 4 9 . 9 3 6 5 . 8 2 8 2 . 7

24 3 7 5 . 6 1 5 0 . 6 3 6 5 . 2 2 8 3 . 7

DEC. 1 3 7 6 . 3 1 5 1 . 4 3 6 4 . 8 2 8 2 . 8

8 3 7 7 . 3 1 5 2 . 6 3 6 4 . 1 2 8 3 . 6

15 3 7 8 * 2 1 5 3 . 1 3 6 3 . 5 2 8 3 . 9

22 P 3 7 7 . 2 1 5 3 . 4 3 6 2 . 7 2 8 4 . 5

2 9 P 3 7 8 . 8 1 5 4 . 0 3 6 3 . 3 2 8 9 . 7

1 / 2 /

3 /

4 /

S H A L r M R O H I R A T M ^ — IHCLODIHG RETAIL EPS — ARE THOSE ISSUED I* AHOORTS OF LESS THAR $100,000. ALL IMDIYIDUAL RBTIRBHERT ACCOORTS (IRA) ARD KEOGH ACCOORTS AT COHHERCIAL BARKS ARD THRIFTS ARE SUBTRACTED FROH SHALL TIAB DEPOSITS LARGE DEMOHINATIOH TIHE DEPOSITS ARE THOSE ISSOED IR AHOORTS OF $100,000 OR HORB, BXCLODIRG THOSE BOOKED AT IRTBRRATIORAL RIIKIMU FACILITIES HBFS) LARGE DEMOHIRATIOR Tin* DEPOSITS AT COHHERCIAL BARKS LESS THOSE HELD BY HOREI flARKET HOTOAL PUHDS, DEPOSITORY IHSTITUTIONS AND FOREItrH BARKS ARD OFFICIAL IRSTITOTIONS.

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H.6(5O0) Table 5-contlnued

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

Institution Term RPs1 Non M3 Components of L Components of Debt

Institution Short-term Data only money at commercial at thrift total ! Term Savings treasury Bankers Commercial Non-Federal*

market funds banks institutions Eurodollars* bonds securities* acceptances4 paper* f . H . r . l «4.K*S

reoerai oeot debt

1985 -NOV. 6 4 . 5 31.7 3 1 . 6 6 3 . 3 7 8 . 4 7 9 . 0 2 9 6 . 9 4 3 . 3 1 9 9 . 1 1 5 4 4 . 2 S 0 9 3 . 2 D E C 6 4 . 6 3 2 . 1 3 3 . 9 6 6 . 0 7 6 . 7 7 9 . 6 3 0 5 . 6 4 2 . 1 2 0 4 . 6 1 5 8 3 . 7 5 1 8 8 . 3

198 6 - J AN. 6 7 . 3 33 .7 3 5 . 1 6 8 . 8 7 6 . 0 8 0 . 9 3 0 5 . 3 4 2 . 4 2 0 7 . 5 1 6 0 6 . 7 5 2 6 S . 7 FEB. 6 7 . 7 35 .8 3 4 . 7 7 0 . 6 7 9 . 2 8 0 . 5 3 0 8 . 6 4 2 . 2 2 0 8 , 8 1 6 2 U 0 5 2 8 5 . 1 HA R. 7 0 . 2 37 .2 3 4 . 4 7 1 . 6 8 2 . 7 8 1 . 1 3 0 6 . 5 4 0 . 8 2 0 7 . 9 1 6 3 3 . 3 5 3 1 1 . 8

APR. 7 4 . 1 35 .6 3 5 . 9 7 1 . 5 8 1 . 5 8 1 . 8 3 0 1 . 7 3 9 . 9 2 0 5 . 2 1 6 4 4 . 6 5 3 5 7 . 2 MAI 7 6 . 1 35.4 3 8 . 7 7 4 . 2 7 9 . 8 8 2 . 6 2 9 9 . 9 3 9 . 6 2 0 7 . 0 1 6 6 Q . 7 5 4 0 8 . 0 JUNE 7 5 . 0 33mB 4 1 . 6 7 5 . 3 8 0 . 1 8 3 . 4 2 9 7 . 5 3 9 . 8 2 1 3 . 3 1 6 7 8 . 9 5 4 5 8 . 0

J U L I 7 7 . 5 3 3 . 1 4 1 . 9 7 5 . 0 7 8 . 6 8 4 . 2 2 9 3 . 5 3 9 . 2 2 1 4 . 0 1 6 9 5 . 6 5 5 0 8 . 2 AUG. 6 0 . 8 3 3 . 9 4 1 . 6 7 5 . 5 7 8 . 4 8 5 . 2 2 9 2 . 3 3 7 . 9 2 1 6 . 6 1 7 1 3 . 3 5 5 7 2 . 7 SEPT. 8 4 . 4 3 5 . 5 4 2 . 5 7 8 . 0 8 1 . 6 8 6 . 4 2 9 0 . 6 3 7 . 4 2 2 1 . 4 1 7 3 4 . 5 5 6 3 1 . 7

OCT. 8 4 . 5 3 4 . 1 4 4 . 0 7 8 . 1 7 8 . 8 8 7 . 8 2 8 7 . 2 3 8 . 0 2 2 3 . 1 1 7 4 8 . 6 5 6 7 5 . 3 NOV. 8 4 . 4 3 6 . 7 4 5 . 7 8 2 . 4 7 9 . 8

SEEK ENDING:

8 5 . 1 3 5 . 5 1986 -NOV. 3 8 5 . 1 3 5 . 5 10 8 4 . 2 3 5 . 6 17 8 4 . 5 3 6 . 4 2 4 8 4 . 6 3 5 . 9

DEC. 1 8 3 . 9 4 0 . 1 8 8 3 . 8 j 3 3 . 9

15 8 4 . 7 3 4 . 2 22 P 8 4 . 8 | 3 4 . 5 29 P 8 3 . 6 3 6 . 6

1/ TERM RPS ARE THOSE WITH ORIGINAL HAT0RITIES GREATER THAN ONE DAT, EXCLUDING CONTINUING CONTRACTS AND RETAIL EPS. INCLUDES A RELATIVELY SHALL AHOUNT OF OTERNIGHT RPS AT THRIFT INSTITUTIONS.

2/ TERM EURODOLLARS ARE THOSE KITH ORIGINAL MATURITIES GREATER THAN ONE DAI. CONSISTS OF THOSE ISSUED TO U.S. RESIDENTS BI FOREIGN BRANCHES OF U.S. BANKS VORLDNIDE AND Br ALL BANKING OFFICES IN THE UNITED KINGDOfl AND CANADA. EXCLUDES THOSE HELD BY DEPOSITORY INSTITUTIONS AND HONEY MARKET MUTUAL FUNDS.

3/ CONSISTS OF U.S. TREASURY BILLS AND COUPONS HITH REMAINING MATURITIES OF LESS THAN 12 MONTHS HELD BY OTHER THAN DEPOSITORY INSTITUTIONS, E£DEBkL RESERVE BANKS, HONEY MARKET MUTUAL FUNDS, AND FOREIGN ENTITIES.

4/ N4T OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, PtiDEBkL HZSEBVE BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE tEDEBkL HOME LOAN BANK SYSTEM AND HONEY MARKET MUTUAL FUNDS.

5/ TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD Bt HONEY MARKET MUTUAL FUNDS. 6/ DEBT DATA ARE ON A MONTHLY AVERAGE BASIS, DERIVED BY AVERAGING END-OF-MONTU LhVBLS OF ADJACENT MONTHS, AND HAVE BEEB

ADJUSTED TO iiEHOVE DISCONTINUITIES.

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H.8 (508) Table 6

MEMORANDUM ITEMS Billions of dollars, not seasonally adjusted 8

Demand deposits at banks due to Time and savings

U.S. government deposits IRA and Keogh Accounts Time and savings deposits demand balances at note balances total demand time

Date foreign foreign due to foreign deposits at Federal at commercial deposits and and savings commercial thrift money commercial official commercial commercial Reserve banks note and deposits at banks institutions market total

banks institutions banks and foreign official

institutions

banks Banks and thrift institutions

FR balances commercial banks

mutual funds

1985--NOV. 8 . 1 2 . 1 8 . 4 3.0 2 . 8 4 . 8 1 0 . 7 1 . 3 5 8 . 7 7 9 . 5 8 . 4 1 4 6 . 6 DEC, 8 . 5 1 . 9 8 . 3 3 . 4 3 . 4 1 1 . 1 1 7 . 9 1 .4 5 9 . 2 8 0 . 9 8 . 3 1 4 8 . 4

1 936-- J A N . 8 . 8 2 . 0 8 . 0 3 . 0 1 0 . 5 2 0 . 5 3 4 . 5 1 . 3 6 0 . 7 8 1 . 9 8 . 6 1 5 1 . 2 FMB. 8 . 3 1 . 9 7 . 8 3.2 7 . 5 2 1 . 0 3 1 . 7 1 . 4 6 2 . 5 8 2 . 9 8 . 7 1 5 4 . 2 NAB. 8 . 4 1 .8 7 . 6 3.3 3 . 4 1 2 . 4 1 9 . 2 1 . 4 6 4 . 2 8 6 . 4 9 . Q 1 5 9 . 5

APE. 8 . 7 1 . 9 7 . 5 4 . 2 3 . 7 1 3 . 6 2 1 . 5 1 . 5 6 8 . 4 9 0 . 4 9 . 8 1 6 8 . 5 HAT 8 . 8 1 .8 7 . 4 3 . 0 4 . 8 1 8 . 7 2 6 . 5 1 . 5 6 9 . 5 9 1 . 2 1 0 . 1 1 7 0 . 8 JUNE 8 . 8 1 . 8 7 . 3 3 . 5 2 . 9 1 2 . 6 1 8 . 9 1 . 7 7 0 . 1 9 2 . 1 1 0 . 1 1 7 2 . 2

JUL* 9 . 1 2 . 0 7 . 2 3 . 6 3 . 8 \3.2 2 0 . 6 1 . 6 7 0 . 8 9 2 . 9 1 0 . 2 1 7 3 . 9 AUG. 8 . 9 1 .8 7 . 2 3.0 3.2 8 . 1 1 4 . 2 1 . 7 7 1 . 1 9 3 . 4 1 0 . 2 1 7 4 . 7 SEPT. 9 . 2 1 . 9 7 . 2 3 . 6 5 . 6 1 4 . 6 2 3 . 8 1 . 7 7 1 . 4 9 4 . 1 1 0 . 5 1 7 6 . 0

OCT. 9 . 4 1 . 8 7 . 1 3 . 4 3 . 4 1 1 . 8 1 8 . 6 1 . 7 7 1 . 7 9 4 . 8 1 0 . 8 1 7 7 . 2 NOV. 9 . 0 2 . 0 7 . 1 3 . 4 3 . 2 1 1 . 9 1 8 . 4 1 .7 7 2 . 1 9 4 . 6 1 0 . 8e 1 7 7 . 5 e

WEEK ENDING:

1986 HO?, 3 8 . 6 1 .9 7 . 1 3 . 5 3 . 0 1 0 . 6 1 7 . 1 1 . 7

10 8 . 6 2 . 1 7 . 1 3 . 4 3 . 6 8 . 6 1 5 . 6 1 . 7 17 9 . 0 2 . 2 7 . 1 3 . 7 3 . 7 1 1 . 2 1 8 . 6 1 .6 > 24 9 . 3 1 .8 7 . 1 3 . 0 2 . 9 1 4 . 4 2 0 . 2 1 . 6

DEC. 1 9 . 3 2 . 1 7 . 0 3.3 2 . 7 1 4 . 0 20.0 1 . 6 8 9 . 3 1 . 9 7 . 1 3 . 1 2 . 6 9 . 2 14.9 1 . 6

15 9 . 5 1 .7 7 . 0 4 . 6 3 . 1 6 . 4 14.1 1 . 6 22 P 8 . 2 1 .8 7 . 0 3 . 6 3 . 6 2 2 . 0 29.3 1 .6 29 P 9 . 8 1 .9 7 . 0 3 . 5 4 . 7 2 4 . 1 32.3 1 . 6

e = estimated

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