h6_19901228.pdf

FEDERAL RESERVE statistical relpasa H.6 (508) Table 1

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES! Billions of dollars

VoOLGOwi

f^lRfc^

DECEMBER 28, 1990

Date M1J M2

H.6 (508) Table 2

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

Ml M2 M3 Debt]

3 Months from AUG. 1990 TO NOV. 1990

6 Months from MAY 1990 TO NOV. 1990

12 Months from NOV. 1989 TO NOV. 1990

3.3

4.3

4.2

1.4

2.6

3.6

-0.7

0.9

1.4

6.8

6.8

6.9

Thirteen weeks ending DECEMBER 17, 1990 from thirteen weeks ending:

SEP. 17, 1990 (13 weeks previous) JUNE 18, 1990 (26 weeks previous) DEC. 18, 1989 (52 weeks previous)

3.9

3.8

4.2

2.3

2.6

3.9

0.2

0.9

1.6

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, July 1990 to October 1990, April 1990 to October 1990, and October 1989 to October 1990, respectively.

Footnotes to Table 1

Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions) (2) travelers checks of nonbank issuers) (3) demand deposits at all commercial banks other than those due to depository institutions, the U.S. government, and foreign banks and official institutions, less cash items in the process of collection and Federal Reserve float) and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer service (ATS) accounts at depository institutions, credit union share draft accounts and demand deposits at thrift institutions. Seasonally adjusted Ml is calculated by summing currency, travelers checks, demand deposits, and OCDs, each seasonally adjusted separately. Consists of Ml plus overnight (and continuing contract) RPs issued by all depository institutions and overnight Eurodollars issued to U.S. residents by foreign branches of U.S. banks worldwide, money market deposit accounts (MMDAs), savings and small-denomination time deposits (time depositsincuding retail RPsin amounts of less than $100,000), and balances in both taxable and tax-exempt general purpose and broker/dealer money market mutual funds. Excludes individual retirement account (IRA) and Keogh balances at depository institutions and money market funds. Also excludes all balances held by U.S. commercial banks, money market funds (general purpose and broker/dealer), foreign governments and commercial banks, and the U.S. government. Seasonally adjusted M2 is computed by adjusting its non-Mi component as a whole and then adding this result to seasonally adjusted Ml. Consists of M2 plus large-denomination time deposits (in amounts of $100,000 or more) and term RP liabilities issued by all depository 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 money market mutual funds. Excludes amounts held by depository institutions, the U.S. government, money market funds, and toreign banks and official institutions. Also subtracted is the estimated amount of overnight RPs and Eurodollars held by institution-only money market mutual funds. Seasonally adjusted M3 is obtained by adjusting its non-M2 component as a whole and then adding this result to seasonally adjusted M2. Consists of M3 plus the nonbank public holdings of U.S. savings bonds, short-term Treasury securities, commercial paper and bankers acceptances, net of money market mutual fund holdings of these assets. Debt of domestic nonfinancial sectors consists of outstanding credit market debt of the U.S. 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 from the Federal Reserve Board's flow of funds accounts. All data on debt of domestic nonfinancial sectors are presented in month-average form, derived by averaging adjacent month-end levels. These data have also been adjusted to remove statistical discontinuities that may arise in the underlying flow 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 releases Z.7 and Z.l. In those releases, published levels of credit market debt are measured on a quarter-end basis and include discontinuities.

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

H.6 (508) Table 3 MONEY STOCK MEASURES Billions of dollars

Seasonally adjus ;ted Ml M2 M3

13-week 4-week week 13-week 4-week week 13-week 4-week week Period en ding

24

average average average average average average average average average

1990-SEP.

ding

24 814.8 820.2 821.1 3302.2 3318.8 3317.6 4088.2 4098.8 4089.0

OCT. 1 815.6 822.4 828.2 3304.5 3319.7 3323.2 4089.1 4094.4 4088.9 8 816.5 822.8 821.8 3307.3 3321.3 3327.0 4090.4 4092.9 4096.5 15 817.4 822.5 818.8 3309.9 3322.8 3323.3 4091.7 4091.7 4092.2 22 818.2 821.8 818.3 3312.5 3322.9 3317.9 4092.9 4092.6 4092.6 29 819.1 819.8 820.2 3314.9 3320.8 3314.9 4093.7 4092.3 4087.9

NOV. 5 819.9 819.9 822.3 3316.4 3317.6 3314.1 4093.7 4089.9 4086.7 12 820.3 820.3 820.3 3317.4 3315.4 3314.6 4093.3 4088.0 4084.7 19 820.7 821.6 823.7 3318.0 3315.1 3316.9 4092.6 4085.9 4084.2 26 821.5 823.0 825.6 3319.2 3317.2 3323.0 4092.4 4087.0 4092.5

DEC. 3 821.5 822.1 818.8 3318.5 3316.1 3310.0 4090.0 4084.2 4075.5 lOp 821.5 822.2 820.7 3318.4 3317.2 3318.8 4088.9 4085.1 4088.1 17p 821.8 822.3 823.9 3318.8 3318.8 3323.4 4088.6 4087.3 4093.2

Not seasonally adjusted Ml M2 M3

13-week 4-week week 13-week 4-week week 13-week 4-week week Period en iding

24

average average average average average average average average average

1990-SEP.

iding

24 814.5 818.4 803.2 3302.6 3314.0 3293.2 4087.0 4097.0 4069.3

OCT. 1 814.4 817.6 812.6 3303.7 3311.2 3303.0 4087.5 4089.8 4074.2 8 814.4 816.7 828.1 3305.6 3311.7 3332.8 4088.7 4087.2 4104.6 15 815.0 817.2 824.9 3307.6 3314.6 3329.5 4090.3 4087.5 4101.7 22 815.7 819.1 810.6 3309.7 3318.8 3309.8 4091.6 4091.7 4086.4 29 816.2 816.7 803.2 3311.5 3317.6 3298.1 4092.4 4091.6 4073.8

NOV. 5 816.7 816.5 827.2 3312.9 3315.1 3323.1 4092.7 4090.2 4098.8 12 817.2 817.1 827.3 3314.0 3314.2 3325.8 4092.9 4090.3 4102.1 19 818.1 821.4 827.8 3315.1 3317.9 3324.5 4093.0 4092.5 4095.4 26 819.6 825.6 820.0 3316.5 3321.3 3311.9 4093.6 4097.1 4091.9

DEC. 3 820.1 824.3 822.0 3316.7 3319.7 3316.7 4092.3 4093.9 4086.0 lOp 820.7 827.2 839.0 3317.2 3322.5 3337.0 4091.7 4095.0 4106.7 17p 822.0 830.4 840.5 3318.6 3325.5 3336.4 4091.9 4097.2 4104.3

Note: Special caution should be taken in interpreting week-to-week changes in money supply data, which are highly volatile and subject to revision. p--indicates preliminary data.

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

H.6 (508) Table 4

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT B i l l i o n s of d o l l a r s , seasonally adjusted

Other checkable deposits Nontransactions

components

Date Currency1 Travelers checks2

Demand deposit;

1989-JULY AUG. SEP.

217.8 218.6 219.3

7.2 7.2 7.2

279.6 278.5 278.1

OCT. NOV. DEC.

220.0 220.4 221.9

7.3 7.4 7.4

280.0 278.8 279.7

1990^-JAN. FEB. MAR.

224.6 226.6 228.4

7.5 7.6 7.6

277.3 280.2 279.3

APR. MAY JUNE

230.1 231.6 233.4

7.6 7.7 7.7

277.8 274.5 274.5

JULY AUG. SEP.

235.4 238.4 241.5

7.7 8.0 8.3

274.7 277.9 279.7

OCT. NOV.

244.0 244.7

8.4 8.4

276.8 277.2

Neek ending

1990-OCT. 22 29

244.3 245.5

8.4 8.4

275.9 275.9

NOV. 5 12 19 26

244.8 244.1 244.3 245.7

8.5 8.4 8.4 8.4

276.7 276.1 278.6 279.3

DEC. 3 lOp 17p

245.3 245.0 245.6

8.3 8.3 e 8.3 e

272.7 275.6 278.0

At commercial banks4

At thrift

institutions5 Total In M26 In M3 only7

General purpose and broker/dealer

money market funds

189.8 191.1 192.4 194. 195. 197.

198.0 199.3 201.0 202.8 203.2 205.7 203. 204. 205. 205.6 206.8

204. 205. 206. 206. 207. 207. 207. 207. 207.

84. 85. 86. 86. 86 87.8

87.4 87.7 88.5 89.0 88.3 88 .1 87.3 87.4 87.0 85.3 85.4

85. 85. 85. 85. 85. 85. 85. 84. 84.

274, 276, 278, 280.8 282.8 285.7

285.4 287.0 289.5 291.8 291.5 293.8 291, 291, 292.

290.9 292.3

289. 290.

292. 291. 292. 292.

292. 291. 292.

2348, 2366. 2380.

2393.8 2411.8 2426.8

2436.3 2454.3 2466.2

2471.8 2469.1 2473.2

2478.8 2489.5 2497.7

2500.2 2494.0

2499. 2494.

2491.8 2494.3 2493. 2497.

.2

.4

2491, 2498. 2499.

880.6 866.1 849.9 836.2 829.8 822.6

817. 808. 797.9 795. 794. 790. 789.8 788.1 776.2 771.3 769.3

774. 773. 772. 770. 767. 769, 765. 769. 769.8

277.7 287.8 295.9 302.7 309.0 312.4

318.6 325.3 325.9 326.8 322.3 323.9 327. 335 . 3 4 1 .

344. 343.

345. 344.

343.1 343.8 342.7 343.2 343, 344. 345.

1. Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions. 2. Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are

included in demand deposits. 3. Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions* the U.S. government

and foreign banks and official institutions* less cash items in the process of collection and Federal Reserve float. 4. Consists of NON and ATS balances at commercial banks> U.S. branches and agencies of foreign banks> and Edge Act corporations. 5. Consists of NOH and ATS balances at thrifts* credit union share draft balances* and demand deposits at thrifts. 6. Sum of overnight RPs and Eurodollars, money market fund balances (general purpose and broker/dealer), MMDAs and savings and small time

deposits. This sum is seasonally adjusted as a whole. 7. Sum of large time deposits* term RPs and Eurodollars of U.S. residents* money market fund balances (institution-only), less the estimated

amount of overniqht RPs and Eurodollars held by institution-only money market mutual funds. This sum is seasonally adjusted as a whole. eindicates estimated data, pindicates preliminary data.

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

H.6 (508) Table 4-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars* seasonally adjusted

c

Money market deposit accounts At

commercia banks

Savings deposits1

At il thrift

institutions Total

Small-denomination time At At

commercial thrift banks institutions

deposits2

Total

Large-denomination time At At

commercial thrift banks4 institutions

deposits3

Date c

At ommercial banks

At thrift

institutions Total At

commercia banks

Savings deposits1

At il thrift

institutions Total

Small-denomination time At At

commercial thrift banks institutions

deposits2

Total

Large-denomination time At At

commercial thrift banks4 institutions Total

1989-JULY AUG. SEP.

555.9 557.9 540.8

150.1 150.4 151.0

465.9 468.2 471.9

185.0 185.9 184.9

220.5 220.0 220.6

405.5 404.0 405.5

505.8 510.4 515.5

616.6 619.6 619.2

1122.4 1150.0 1152.6

598.7 597.8 597.2

176.0 172.7 168.4

574.7 570.5 565.6

OCT. NOV. DEC.

545.7 548.5 551.5

151.6 152.5 152.2

475.5 480.8 485.7

185.9 187.5 188.5

220.5 220.5 220.5

406.1 407.9 409.0

519.7 524.4 528.6

616.2 614.1 615.7

1155.9 1158.5 1142.5

598.8 401.5 401.5

165.8 159.5 156.8

562.7 561.0 558.5

1990-JAN. FEB. MAR.

552.4 556.0 559.1

152.5 155.4 155.8

485.0 489.4 494.9

189.8 191.8 195.4

220.4 221.8 221.2

410.2 415.6 414.6

551.4 554.7 557.2

611.6 607.9 609.2

1145.0 1142.6 1146.4

401.6 599.9 596.9

152.9 150.2 147.5

554.5 550.1 544.1

APR. MAY JUNE

562.5 565.5 568.2

156.6 154.7 155.0

498.8 500.0 501.2

195.8 195.5 195.0

222.0 221.5 220.8

415.8 415.0 415.8

541.4 550.7 559.5

607.0 599.7 589.7

1148.5 1150.4 1149.0

595.2 597.1 597.9

145.1 138.3 135.0

558.3 535.4 532.9

JULY AUG. SEP..

570.9 574.6 576.0

151.6 151.0 151.2

502.5 505.6 507.2

195.6 195.8 196.6

220.7 220.5 219.5

416.4 416.5 415.9

568.1 571.2 575.1

582.2 580.2 576.5

1150.2 1151.4 1151.6

599.7 596.5 591.7

131.0 127.8 125.0

550.6 524.2 516.7

OCT. NOV.

576.4 576.8

150.1 150.2

506.5 507.0

197.9 197.8

216.8 215.9

414.7 415.7

584.9 586.4

567.7 565.2

1152.6 1151.6

589.2 589.0

121.1 117.1

510.3 506.1

Heek ending 1990-OCT. 22

29 576.5 576.2

150.2 150.0

506.6 506.2

197.9 197.8

217.1 216.4

414.9 414.2

585.4 585.5

567.4 567.5

1152.8 1152.8

589.9 589.4

120.9 119.8

510.8 509.3

NOV. 5 12 19 26

575.5 577.1 578.0 576.9

150.1 150.5 150.5 150.2

505.5 507.4 508.5 507.0

198.0 197.7 197.8 197.8

216.5 216.1 215.9 215.7

414.5 415.7 415.8 415.5

584.6 585.5 586.8 587.5

566.5 565.7 564.8 564.6

1151.1 1151.5 1151.7 1152.1

589.5 589.9 587.8 588.9

119.2 118.5 117.0 115.5

508.6 508.2 504.8 504.4

DEC. 5 lOp 17p

576.5 577.4 578.6

129.4 128.9 128.5

505.7 506.5 507.1

198.1 198.1 198.4

215.2 215.0 215.2

415.5 415.1 415.6

589.1 592.5 595.9

562.8 560.9 559.9

1151.9 1155.2 1155.8

588.6 586.7 588.5

114.9 115.9 115.1

503.4 500.6 501.6

1. 2. 3. 4.

Savings deposits exclude MMDAs. Small-denomination time depositsincluding retail RPsare those issued in amounts of less than $100*000. All IRA and Keogh account balances at commercial banks and thrifts are subtracted from small time deposits. Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding Large-denomination time deposits at commercial banks less those held by money market mutual official institutions,

-indicates preliminary data.

those booked at international banking facilities, funds, depository institutions* and foreign banks and

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

H.6 (508) Table 4-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars* seasonally adjusted

Institution-only money

market funds

Non-M3 Components of L Debt components4

Date

Institution-only money

market funds Savings bonds

Short-term Treasury securities1

Bankers acceptances2

Commercial paper3

Federal debt

Non-Federal debt

1989-JULY AUG. SEP.

99.0 101.4 101.6

114.3 115.0 115.7

297.2 300.2 311.3

41.9 42.6 41.0

349.5 354.3 350.3

2179.4 2198.4 2220.3

7327.4 7372.3 7408.8

OCT. NOV. DEC.

101.1 101.1 102.3

116.2 116.8 117.5

317.4 318.6 330.3

40.0 40.5 41.2

350.0 351.3 347.9

2239.5 2261.3 2268.1

7449.5 7490.4 7522.3

1990-JAN. FEB. MAR.

103.2 103.7 105.4

117.7 118.2 119.1

332.3 324.9 338.9

40.7 38.3 37.0

343.3 344.7 342.7

2275.9 2291.6 2316.1

7555.4 7598.3 7643.0

APR. MAY JUNE

106.8 107.3 107.3

119.9 120.7 121.5

330.3 316.5 331.5

35.8 35.3 34.6

357.5 349.6 349.4

2330.7 2345.2 2374.4

7685.2 7714.6 7743.4

JULY AUG. SEP.

108.9 114.0 116.1

122.4 123.2 123.8

339.2 339.5 350.4

32.9 32.3 31.8

348.7 345.1 358.2

2401.7 2438.9 2461.5

7781.9 7817.8 7852.1

OCT. NOV.

119.8 120.1

124.5 p 348.8 p 32.4 p 356.8 p 2474.3 p 7883.5 p

Heek ending

1990-OCT. 22 29

121.6 121.5

NOV. 5 12 19 26

120.2 119.8 118.8 120.9

DEC. 3 lOp 17p

121.4 124.1 127.7

1. Consists of U.S. Treasury bills and coupons with remaining maturities of less than 12 months held by other than depository institutions* Federal Reserve Banks* money market mutual funds* and foreign entities.

2. Net of bankers acceptances held by accepting banks* Federal Reserve Banks* foreign official institutions* Federal Home Loan Banks* and money market mutual funds.

3. Total commercial paper less commercial paper held by money market mutual funds. 4. Debt data are on a monthly average basis* derived by averaging adjacent end-of-month levels* and have been adjusted to remove

discontinuities. pindicates preliminary data.

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

H.6 (508) Table 5 COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, not seasonally adjusted

Currency1 Travelers checks2

Demand deposits3

Other checkable deposits Nontransact ions components

Overnight RPs8

Overnight Eurodollars9 Date Currency1

Travelers checks2

Demand deposits3

At commercial banks'

At thrift

institutions5 Total In M2* In M3 only7

Overnight RPs8

Overnight Eurodollars9

General purpose and broker/dealer money market funds

1989-JULY AUG. SEP.

219.7 219.2 218.6

8.1 8.1 7.7

281.8 277.1 276.3

187.4 188.7 190.7

85.3 85.0 85.9

272.7 273.7 276.5

2350.4 2368.5 2377.5

873.0 866.2 854.0

64.2 63.2 59.6

16.8 15.2 15.5

275.6 286.8 294.9

OCT. NOV. DEC.

218.9 221.0 225.3

7.3 7.0 6.9

280.7 281.5 291.6

191.6 194.9 200.3

86.5 87.2 88.1

278.1 282.1 288.4

2394.3 2413.1 2422.4

838.9 835.9 823.8

61.6 62.2 63.1

14.1 13.2 14.3

301.3 309.7 312.2

1990-JAN. FEB. MAR.

222.9 224.2 227.0

7.0 7.2 7.3

283.0 271.4 271.6

202.5 199.5 202.2

87.0 85.7 87.6

289.4 285.2 289.7

2440.5 2455.6 2470.1

814.8 809.3 801.8

64.6 67.5 67.0

17.0 14.9 14.9

317.4 326.9 330.4

APR. MAY JUNE

229.5 231.7 234.8

7.3 7.5 8.1

279.8 268.5 274.8

209.4 200.7 203.8

91.3 88.0 88.5

300.7 288.7 292.3

2473.1 2463.0 2469.8

791.0 793.3 787.0

64.3 66.7 66.9

15.0 16.5 15.4

330.4 321.6 321.8

JULY AUG. SEP.

237.1 239.2 240.8

8.6 8.9 8.8

277.0 276.5 277.9

201.3 201.7 203.8

88.0 87.3 86.9

289.3 289.0 290.6

2481.4 2491.7 2494.3

783.2 788.2 779.8

68.2 67.6 65.1

15.9 15.1 16.5

324.3 334.9 340.9

OCT. NOV.

242.6 245.6

8.4 8.0

277.6 280.0

202.9 205.8

85.2 85.7

288.0 291.5

2500.2 2495.6

774.0 775.0

66.2 60.5

17.7 17.3

342.9 344.3

Heek ending 1990-OCT. 22

29 242.7 242.0

8.4 8.3

274.0 271.1

201.2 199.3

84.2 82.5

285.4 281.8

2499.2 2495.0

776.6 775.7

65.1 63.8

18.0 19.4

343.9 342.8

NOV. 5 12 19 26

244.4 246.1 245.3 246.3

8.2 8.1 8.0 7.9

280.6 279.9 282.8 278.2

206.4 206.8 206.2 203.8

87.5 86.5 85.5 83.8

293.9 293.3 291.7 287.6

2495.9 2498.5 2496.8 2491.9

775.7 776.3 770.9 780.0

63.0 61.4 61.5 57.4

18.3 17.7 17.1 16.6

342.6 344.3 343.4 345.8

DEC. 3 lOp 17p

244.8 248.7 248.9

7.7 7.8 e 7.7 e

277.4 283.6 288.9

206.5 211.8 210.1

85.5 87.2 84.9

292.1 299.0 295.0

2494.7 2498.0 2496.0

769.3 769.8 767.8

59.7 56.9 56.4

17.2 19.5 19.6

345.2 346.4 346.4

1. Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions. 2. Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are

included in demand deposits. 3. Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions the U.S. government

and foreign banks and official institutions, less cash items in the process of collection and Federal Reserve float. 4. Consists of NON and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations. 5. Consists of NON and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts. 6. Sum of overnight RPs and Eurodollars, money market fund balances (general purpose and broker/dealer), MMDAs and savings and small time deposits. 7. Sum of large time deposits, term RPs and Eurodollars of U.S. residents, money market fund balances (institution-only), less the estimated

amount of overnight RPs and Eurodollars held by institution-only money market mutual funds. 8. Consists of overnight and continuing contract RPs issued by all depository institutions to other than depository institutions and money market

mutual funds (general purpose and broker/dealer). 9. Issued by foreign branches of U.S. banks worloViide to U.S. residents other than depository institutions and money market mutual funds

(general purpose and broker/dealer). eindicates estimated data, pindicates preliminary data. Digitized for FRASER

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

H.6 (508) Table 5-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars> not seasonally adjustea

c

Money market deposit accounts Savings deposits' 1 Small-denomination time

At At commercial thrift

banks institutions

deposits2

Total

Large-denomination time

At At commercial thrift

banks4 institutions

deposits3

Date c

At commercial

banks

At thrift

institutions Total

At commercial

banks

At thrift

institutions Total

Small-denomination time

At At commercial thrift

banks institutions

deposits2

Total

Large-denomination time

At At commercial thrift

banks4 institutions Total

1989-JULY AUG. SEP.

551.5 556.4 559.6

129.8 150.6 151.1

461.4 467.0 470.6

184.7 184.4 184.4

222.7 220.5 220.5

407.5 404.9 404.6

507.1 511.5 515.9

618.0 619.9 618.2

1125.1 1151.2 1152.1

596.5 598.4 598.6

174.2 172.0 168.8

570.7 570.4 567.4

OCT. NOV. DEC.

542.7 550.5 555.0

151.8 152.8 152.8

474.6 485.1 487.8

185.9 187.1 187.2

221.5 220.5 219.0

407.2 407.6 406.2

519.2 525.1 526.4

616.5 614.2 612.5

1155.5 1157.5 1158.8

599.9 401.9 599.8

165.5 161.7 158.5

565.4 565.6 558.1

1990-JAN. FEB. MAR.

556.5 557.7 560.8

152.9 155.5 156.1

489.5 491.1 496.9

189.0 190.5 195.2

218.8 219.5 220.9

407.7 410.0 414.1

550.8 555.2 558.5

615.7 610.1 608.5

1144.5 1145.5 1146.8

599.5 599.7 599.7

154.1 150.6 146.4

555.4 550.2 546.1

APR. MAY JUNE

562.4 561.0 565.8

155.9 155.8 152.5

498.5 494.8 498.2

194.2 194.1 196.1

222.4 221.8 222.5

416.6 415.9 418.4

541.7 549.7 560.4

606.7 597.9 588.7

1148.4 1147.6 1149.1

595.2 597.6 597.5

141.7 157.6 155.7

556.9 555.1 551.1

JULY AUG. SEP.

568.1 572.9 574.4

151.2 151.2 151.2

499.4 504.1 505.7

197.5 196.5 196.0

225.1 221.0 219.0

420.4 417.5 415.0

569.6 572.2 575.6

585.7 580.6 575.5

1155.2 1152.8 1151.1

597.5 597.0 595.0

129.6 127.2 125.2

527.1 524.2 518.5

OCT. NOV.

575.2 579.1

150.5 150.7

505.6 509.8

197.9 197.7

217.7 215.8

415.6 415.5

584.4 584.9

567.8 565.5

1152.2 1150.2

590.4 589.4

122.5 118.8

512.7 508.2

Neek ending

1990-OCT. 22 29

574.7 574.7

150.4 150.0

505.1 504.8

197.9 197.2

217.6 216.1

415.5 415.5

584.5 585.8

567.1 567.1

1151.6 1150.8

590.7 590.5

122.1 121.2

512.8 511.5

NOV. 5 12 19 26

576.6 579.5 580.4 579.0

130.6 151.1 150.9 150.4

507.2 510.4 511.2 509.5

197.6 197.8 197.8 197.6

216.8 216.7 215.9 214.9

414.4 414.4 415.6 412.5

585.6 584.1 584.9 585.8

566.8 566.1 565.0 564.5

1150.4 1150.5 1149.9 1150.1

589.9 591.5 588.6 589.0

120.6 120.1 118.8 117.4

510.5 511.4 507.5 506.4

DEC. 5 lOp 17p

580.2 582.5 582.8

150.1 129.9 129.4

510.5 512.5 512.2

197.4 197.8 197.4

214.6 214.7 215.7

412.0 412.5 411.1

587.7 590.5 592.9

562.6 559.9 557.4

1150.5 1150.5 1150.5

587.0 586.6 585.6

116.4 115.1 114.2

505.4 501.7 499.9

1. Savings deposits exclude MMDAs. 2. Small-denomination time depositsincluding retail RPsare those issued in amounts of less than $100,000. All IRA and Keogh account balances at

commercial banks and thrifts are subtracted from small time deposits. 5. Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities. 4. Large-denomination time deposits at commercial banks less those held by money market mutual funds* depository institutions, and foreign banks and

official institutions, pindicates preliminary data.

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

H.6 (508) Table 5-continued COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT Billions of dollars, not seasonally adjusted

Institution-only money

market funds

Term RPs1

Term Eurodollars2

Non-M3 Components of L Debt components6

Date

Institution-only money

market funds A*

commercial banks

At thrift

institutions Total Term

Eurodollars2 Savings bonds

Short-term Treasury securities3

Bankers 1 acceptances*

Commercial paper5

Federal debt

Non-Federal debt

1989-JULY AUG. SEP.

98.2 100.6 99.2

45.1 45.4 -47.9

79.0 72.2 66.0

124.1 117.6 113.9

91.8 89.8 85.5

114.2 114.7 115.4

288.4 296.6 311.8

42.2 42.7 41.6

348.8 353.1 348.0

2164.0 2180.6 2202.5

7296.2 7336.0 7375.8

OCT. NOV. DEC.

98.7 102.1 102.9

48.5 50.0 45.9

61.2 58.9 51.0

109.6 108.9 96.9

80.1 79.3 81.1

116.0 116.6 117.3

321.4 325.6 336.8

40.4 41.0 41.7

345.8 343.3 344.7

2224.5 2252.7 2265.9

7424.0 7466.5 7509.9

1990-JAN. FEB. MAR.

106.0 107.0 106.8

47.5 51.6 50.1

46.1 45.4 45.0

93.6 96.9 95.2

73.9 68.4 66.6

118.0 118.5 119.4

338.2 329.2 337.7

40.4 37.5 36.1

347.3 347.6 343.8

2277.5 2295.0 2319.2

7543.6 7564.6 7597.1

APR. MAY JUNE

105.8 106.7 106.1

49.6 50.1 53.4

45.2 45.7 45.4

94.8 95.8 98.7

65.5 67.2 64.4

120.2 120.9 121.6

329.3 311.9 323.2

35.3 35.2 34.9

355.4 357.6 355.4

2331.0 2339.7 2363.0

7639.7 7674.4 7711.2

JULY AUG. SEP.

108.1 113.2 113.2

53.4 55.3 51.4

43.5 43.0 43.1

96.9 98.3 94.5

65.2 68.4 69.3

122.2 122.8 123.5

328.8 335.4 351.1

33.1 32.4 32.2

348.2 343.9 355.7

2386.8 2422.4 2444.5

7750.6 7780.8 7818.8

OCT. NOV.

117.0 121.3

49.7 51.1

41.6 40.3

91.3 91.4

69.5 70.7

124.2 p 353.8 p 32.7 p 352.1 p 2459.3 p 7859.7 p

Week ending

1990-OCT. 22 29

118.9 119.1

NOV. 5 12 19 26

118.9 120.5 119.9 123.6

DEC. 3 lOp 17p

123.7 124.9 128.2

50, 51.

51, 51. 50. 51.

49. 48. 45,

40. 40.

40. 40. 40. 39.8

39.9 40.1 39.5

91. 91.

92. 92. 91. 91.

89. 88. 85.

70.1 69.9

69.8 69.8 70.4 73.0

69.8 71.4 70.6

Term RPs are those with original maturities greater than one day, excluding continuing contracts and retail RPs. Term Eurodollars are those with original maturities greater than one day. Consists of those issued to U.S. residents by foreign branches of U.S. banks

3r than depository institutions, Federal world-wide and by all banking offices in the United Kingdom and Canada. Excludes those held by depository institutions"and money market mutual funds. Consists of U.S. Treasury bills and coupons with remaining maturities of less than 12 months held by other XL ' "x L A '" "" ' Reserve Banks, money market mutual funds, and foreign entities. Net of bankers acceptances held by accepting banks, Federal Reserve Banks, foreign official institutions, Federal Home Loan Banks, and money market mutual funds. Total commercial paper less commercial paper held by money market mutual funds. Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities.

pindicates preliminary data.

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

H.6 (508) Table 6

MEMORANDUM ITEMS Billions of dollars> not seasonally adjusted 10

Demand deposits at banks due to

Time and savinqs deposits due to foreign banks and official institutions

U.S. government depos iits IRA and Keogh Accounts

Date

Foreign commercial banks

Foreign official

institutions

Time and savinqs deposits due to foreign banks and official institutions

Demand deposits at commercial

banks

Balance at

Federal Reserve

Note balances at depository institutions

Total cash balance

Time and savings

deposits at commercial

banks

At commercia

banks

At 1 thrift

institutions

At money market funds

Total

1989-JULY AUG. SEP.

10.0 8.9 9.4

1.7 1.6 1.7

3.7 3.7 3.7

3.4 3.2 5.5

6.4 5.4 7.8

19.6 12.7 19.4

29.4 21.2 32.6

1.4 1.3 1.3

104.1 105.3 106.0

131.2 131.4 132.2

24.7 24.8 26.4

260.0 261.5 264.6

OCT. NOV. DEC.

9.9 9.4 9.7

1.7 1.5 1.5

3.7 3.7 3.6

3.3 3.5 5.2

5.9 5.2 4.8

17.4 11.2 14.4

26.5 19.9 24.5

1.4 1.4 1.4

107.3 108.0 108.7

132.5 132.3 133.3

27.1 27.5 28.0

266.9 267.8 270.0

1990-JAN. FEB. MAR.

9.8 9.1 9.0

1.6 1.6 1.6

3.6 3.6 3.6

4.4 3.5 3.6

6.0 6.2 5.3

18.8 18.5 13.1

29.1 28.2 22.0

1.4 1.3 1.3

110.3 111.9 113.3

133.9 133.9 133.9

29.6 31.2 31.7

273.8 277.0 278.9

APR. MAY JUNE

9.1 9.3 9.0

1.5 1.8 1.5

3.6 3.6 3.6

5.1 3.4 5.5

4.4 5.1 5.0

14.9 21.8 15.4

24.4 30.3 25.9

1.3 1.3 1.3

115.6 117.7 119.5

134.0 133.8 133.6

31.1 30.6 30.6

280.7 282.2 283.8

JULY AUG. SEP.

8.9 9.1 9.3

1.5 1.8 2.0

3.5 3.5 3.5

3.4 3.8 5.1

5.4 5.4 6.4

11.9 19.7 25.9

20.6 28.9 37.4

1.3 1.4 1.3

121.1 122.6 124.4

133.8 133.9 134.1

e e

30.8 30.7 31.1 e

285.6 287.3 e 289.6 e

OCT. NOV.

9.0 8.8

1.6 1.4

3.9 3.6

3.5 3.7

5.5 5.6

17.5 15.4

26.4 24.8

1.5 1.5

126.8 128.6

134.4 334.5

e e

31.8 e 33.3 e

293.0 e 296.4 e

Meek ending

1990-OCT. 22 29

8.8 8.3

1.6 1.5

NOV. 5 12 19 26

9.1 8.7 9.1 8.8

1.4 1.6 1.4 1.4

DEC. 3 lOp 17p

8.4 8.2 9.5

1.5 1.6 1.3

3.9 3.9

3.3 3.0

4.9 5.9

24.2 26.8

32.4 35.7

1.5 1.5

3.9 3.5 3.5 3.5

4.2 3.0 4.6 3.6

6.8 5.8 5.5 4.8

18.4 11.7 13.2 18.0

29.4 20.5 23.3 26.3

1.5 1.5 1.5 1.5

3.5 3.5 3.5

3.8 3.3 6.9

5.3 4.7 4.9

17.6 8.1 6.2

26.7 16.0 17.9

1.5 1.5 1.5

e--indicates estimated data, pindicates preliminary data.

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