h6_19910822.pdf

11
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 Billions of dollars /.-o^s^V/ AUGUST 22, 1991 Date M1 J M2^ M3 3 DEBT Seasonally adjusted 1989-AUG. 779.9 SEP. 781.8 OCT. 787.9 NOV. 788.9 DEC. 793.6 1990-JAN. 795.4 FEB. 801.1 MAR. 804.7 APR. 807.7 MAY 807.5 JUNE 811.5 JULY 810.7 AUG. 816.5 SEP. 821.8 OCT. 821.2 NOV. 823.3 DEC. 825.4 1991-JAN. 826.7 FEB. 836.4 MAR. 843.0 APR. 842.1 MAY 851.6 JUNE 858.4 JULY p 859.7 3147.3 3162.8 3183.0 3203.4 3223.1 3233.6 3255.0 3269.6 3279.9 3282.8 3290.6 3295.4 3309.5 3321.5 3324.3 3323.5 3327.6 3331. 3354. 3374. 3382. 3394. 3398. 3388. 4012.4 4018.0 4027.5 4041.1 4055.2 4061 4073 4077 4082 4082 4085.8 4089.2 4103.3 4109.0 4109.3 4108.8 4111.7 4124.6 4160.3 4168.9 4170.8 4172.7 4165.7 4149.7 4826.1 4834.5 4851.7 4869.4 4889.9 4895. 4902. 4914. 4920. 4903. 4922.8 4926.4 4934. 4955. 4955. 4959. 4965. 4982.1 5008.8 5008.0 4971.8 4947.6 4977.6 p 9570.7 9629.1 9689.0 9751.7 9790.4 9833.8 9897.1 9969. 10026. 10070. 10128. 10188. 10257. 10312. 10349. 10399. 10436. .5 .6 .4 .4 .7 .3 .4 .5 .5 .1 10467.8 10525.9 10563.9 10576.2 10621.6 10671.6 p Not seasonally adjusted 1989-AUG. 777.8 SEP. 778.9 OCT. 784.5 NOV. 791.4 DEC. 811.9 1990-JAN. 802.4 FEB. 788.3 MAR. 796.2 APR. 818.0 MAY 797.3 JUNE 810.8 JULY 812.9 AUG. 814.5 SEP. 818.9 OCT. 817.6 NOV. 826.1 DEC. 844.3 1991-JAN. 833.2 FEB. 823.4 MAR. 835.0 APR. 852.8 MAY 841.6 JUNE 857.7 JULY p 862.0 3147.6 3158.1 3180.8 3206.7 3236.6 3244.5 3245.6 3267.7 3292.8 3262.8 3284.1 3298.6 3310.2 3316.8 3321.6 3327.1 3341.6 3341. 3345. 3374. 3396. 3374. 3391. 3391. 4016.6 4016.8 4025.2 4048.4 4067.0 4067.8 4061.5 4075.8 4090.8 4064.3 4080.8 4091.4 4108.3 4107.2 4106.4 4115.9 4123.8 4130.7 4148.4 4168.2 4179.9 4154.0 4160.2 4152.6 4823.7 4833.5 4848.8 4874.9 4907.4 4911 4893 4912 4930 4888 4914 4918.8 4932.4 4954.0 4950.8 4964.6 4984.3 4998. 4999. 5006. 4983. 4932. 4968. 2 4 1 1 6 2 P 9516.6 9578.3 9648.5 9719.2 9775.9 9822.2 9864.3 9925.6 9980.8 10024.1 10084.6 10145.5 10208.2 10263.1 10310.0 10370.0 10423.3 10455.7 10490.8 10518.6 10531.6 10576.7 10628.8 Footnotes appear on the following page. p--indicates preliminary data. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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Page 1: h6_19910822.pdf

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 Billions of dollars

/.-o^s^V/

AUGUST 22, 1991

Date M1J M2^ M33 DEBT

Seasonally adjusted

1989-AUG. 779.9 SEP. 781.8 OCT. 787.9 NOV. 788.9 DEC. 793.6

1990-JAN. 795.4 FEB. 801.1 MAR. 804.7 APR. 807.7 MAY 807.5 JUNE 811.5 JULY 810.7 AUG. 816.5 SEP. 821.8 OCT. 821.2 NOV. 823.3 DEC. 825.4

1991-JAN. 826.7 FEB. 836.4 MAR. 843.0 APR. 842.1 MAY 851.6 JUNE 858.4 JULY p 859.7

3147.3 3162.8 3183.0 3203.4 3223.1

3233.6 3255.0 3269.6 3279.9 3282.8 3290.6 3295.4 3309.5 3321.5 3324.3 3323.5 3327.6

3331. 3354. 3374. 3382. 3394. 3398. 3388.

4012.4 4018.0 4027.5 4041.1 4055.2

4061 4073 4077 4082 4082 4085.8 4089.2 4103.3 4109.0 4109.3 4108.8 4111.7

4124.6 4160.3 4168.9 4170.8 4172.7 4165.7 4149.7

4826.1 4834.5 4851.7 4869.4 4889.9

4895. 4902. 4914. 4920. 4903. 4922.8 4926.4 4934. 4955. 4955. 4959. 4965.

4982.1 5008.8 5008.0 4971.8 4947.6 4977.6 p

9570.7 9629.1 9689.0 9751.7 9790.4

9833.8 9897.1 9969.

10026. 10070. 10128. 10188. 10257. 10312. 10349. 10399. 10436.

.5

.6

.4

.4

.7

.3

.4

.5

.5

.1

10467.8 10525.9 10563.9 10576.2 10621.6 10671.6 p

Not seasonally adjusted

1989-AUG. 777.8 SEP. 778.9 OCT. 784.5 NOV. 791.4 DEC. 811.9

1990-JAN. 802.4 FEB. 788.3 MAR. 796.2 APR. 818.0 MAY 797.3 JUNE 810.8 JULY 812.9 AUG. 814.5 SEP. 818.9 OCT. 817.6 NOV. 826.1 DEC. 844.3

1991-JAN. 833.2 FEB. 823.4 MAR. 835.0 APR. 852.8 MAY 841.6 JUNE 857.7 JULY p 862.0

3147.6 3158.1 3180.8 3206.7 3236.6

3244.5 3245.6 3267.7 3292.8 3262.8 3284.1 3298.6 3310.2 3316.8 3321.6 3327.1 3341.6

3341. 3345. 3374. 3396. 3374. 3391. 3391.

4016.6 4016.8 4025.2 4048.4 4067.0

4067.8 4061.5 4075.8 4090.8 4064.3 4080.8 4091.4 4108.3 4107.2 4106.4 4115.9 4123.8

4130.7 4148.4 4168.2 4179.9 4154.0 4160.2 4152.6

4823.7 4833.5 4848.8 4874.9 4907.4

4911 4893 4912 4930 4888 4914 4918.8 4932.4 4954.0 4950.8 4964.6 4984.3

4998. 4999. 5006. 4983. 4932. 4968.

2 4 1 1 6 2 P

9516.6 9578.3 9648.5 9719.2 9775.9

9822.2 9864.3 9925.6 9980.8 10024.1 10084.6 10145.5 10208.2 10263.1 10310.0 10370.0 10423.3

10455.7 10490.8 10518.6 10531.6 10576.7 10628.8

Footnotes appear on the following page. p--indicates preliminary data.

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

Page 2: h6_19910822.pdf

H.6 (508) Table 2

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

Ml M2 M3 Debt3

3 Months from APR. 1991 TO JULY 1991

6 Months from JAN. 1991 TO JULY 1991

12 Months from JULY 1990 to JULY 1991

8.4

8.0

6.0

0.6

3.4

2.8

-2.0

1.2

1.5

4.1

4.5

5.4

Thirteen weeks ending AUGUST 12> 1991 from thirteen weeks ending:

MAY 13, 1991 (13 weeks previous)

FEB. 11, 1991 (26 weeks previous)

AUG. 13, 1990 (52 weeks previous)

7.4

7.7

5.8

1.9

3.7

3.0

-1.0

1.8

1.7

1. Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, March 1991 to June 1991, December 1990 to June 1991, and June 1990 to June 1991, respectively.

Footnotes to Table 1

1. Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) travelers checks of nonbank issuersj (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 (NOH) and automatic transfer service (ATS) accounts at depository institutions, credit union snare 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.

2. 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 deposits--including retail RPs--in 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.

3. 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 foreign 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.

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 money market mutual fund holdings of these assets.

5. 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

Page 3: h6_19910822.pdf

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

20

average average average average average average average average average

1991-MAY

ding

20 843.9 848.6 852.9 3380.2 3389.9 3398.5 4170.2 4169.8 4176.3 27 845.1 851.5 851.6 3383.3 3395.6 3396.9 4171.1 4174.2 4175.6

JUNE 3 846.1 851.7 850.5 3385.1 3394.5 3387.0 4170.8 4172.0 4161.1 10 847.4 852.9 856.4 3387.6 3395.8 3400.7 4170.9 4171.4 4172.5 17 848.9 854.7 860.3 3389.9 3397.4 3405.0 4171.0 4171.3 4175.8 24 850.0 856.4 858.4 3390.9 3397.3 3396.5 4170.5 4167.9 4162.2

JULY 1 850.8 859.2 861.8 3392.2 3399.7 3396.6 4169.7 4165.6 4151.9 8 851.9 859.3 856.7 3392.6 3397.2 3390.5 4168.4 4160.4 4151.7 15 853.0 858.6 857.5 3392.9 3393.7 3391.1 4166.1 4155.1 4154.5 22 854.4 859.0 859.9 3393.1 3391.0 3385.7 4164.1 4151.6 4148.2 29 856.3 859.6 864.3 3393.9 3388.3 3385.9 4163.3 4150.7 4148.4

AUG. 5p 857.7 862.4 867.7 3393.7 3387.6 3387.8 4161.3 4148.6 4143.1 12p 858.5 863.6 862.4 3392.8 3386.1 3384.8 4158.9 4146.2 4144.9

Not seasonally adjusted

Ml M2 M3

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

20

average average average average average average average average average

1991-MAY

ding

20 841.0 841.6 842.6 3378.8 3373.0 3377.9 4167.2 4153.1 4157.2 27 842.1 841.2 829.0 3380.6 3374.1 3362.6 4167.4 4154.4 4144.8

JUNE 3 843.6 841.6 850.1 3382.0 3374.9 3381.4 4167.0 4154.5 4156.8 10 845.8 847.2 867.1 3384.4 3381.9 3405.6 4167.5 4159.8 4180.5 17 848.1 852.3 863.0 3386.4 3387.8 3401.7 4167.7 4164.4 4175.4 24 849.5 855.9 843.5 3386.8 3390.5 3373.1 4166.2 4163.4 4140.7

JULY 1 850.7 858.1 858.6 3387.3 3392.2 3388.3 4164.4 4159.6 4141.7 8 852.1 861.3 880.0 3386.7 3393.7 3411.5 4162.1 4157.2 4171.0 15 852.3 862.4 867.3 3385.7 3394.4 3404.8 4158.9 4154.9 4166.3 22 852.3 865.2 854.7 3384.9 3396.8 3382.7 4156.5 4156.1 4145.4 29 853.5 862.0 846.0 3385.7 3391.9 3368.6 4156.0 4153.8 4132.4

AUG. 5p 855.3 860.1 872.4 3386.9 3387.6 3394.2 4155.6 4148.9 4151.3 12p 857.1 860.4 868.6 3388.3 3385.3 3395.8 4155.6 4147.3 4159.9

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

Page 4: h6_19910822.pdf

H.6 (508) Table 4

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

Currency1 Travelers checks2

Demand deposits3

Other checkable deposits Nontransact

component ions s

Ger and

money Date Currency1 Travelers checks2

Demand deposits3

A* commercial

banks4

At thrift

institutions5 Total In M2 6 In M3 only7

Ger and

money

leral purpose broker/dealer ' market funds

1990-MAR. 228.4 7.6 278.9 201.3 88.6 289.8 2465.0 807.6 325.9

APR. MAY JUNE

230.3 231.9 233.7

7.7 7.8 7.8

278.1 275.8 276.3

202.9 203.6 205.5

88.9 88.3 88.2

291.7 292.0 293.7

2472.2 2475.3 2479.1

802.8 799.9 795.2

327.0 325.3 327.5

JULY AUG. SEP.

235.7 238.4 241.5

7.8 8.0 8.2

275.6 278.0 279.1

203.9 204.4 205.7

87.7 87.7 87.3

291.7 292.1 293.0

2484.7 2493.0 2499.7

793.8 793.9 787.5

329.2 335.8 339.3

OCT. NOV. DEC.

243.9 245.0 246.4

8.3 8.4 8.4

277.1 277.2 276.9

205.9 207.1 208.8

85.8 85.7 85.0

291.8 292.8 293.8

2503.1 2500.2 2502.2

785.0 785.3 784.1

341.6 341.9 345.4

1991-JAN. FEB. MAR.

251.6 255.1 256.7

8.4 8.2 8.1

272.9 276.1 277.1

209.2 211.4 214.4

84.7 85.5 86.6

293.9 296.9 301.0

2504.3 2517.9 2531.9

793.6 806.1 794.0

353.9 358.2 363.6

APR. MAY JUNE

256.6 256.8 257.6

7.9 8.0 7.8

275.8 278.7 281.0

215.2 220.1 223.4

86.7 88.0 88.6

301.9 308.1 312.0

2540.5 2542.9 2540.2

788.1 778.2 767.1

364.2 365.1 364.3

JULY 258.9 7.7 27$.9 225.6 88.6 314.2 2528.3 761.7 359.4

Neek ending

1991-JUNE 17 24

257.3 258.1

7.9 7.8

283.6 279.3

222.8 224.2

88.7 89.1

311.5 313.3

2544.7 2538.1

770.8 765.7

JULY 1 8 15 22 29

258.7 257.6 258.1 259.0 260.4

7.7 7.7 7.7 7.7 7.6

280.2 278.9 278.9 278.9 279.9

225.6 224.4 224.6 226.0 227.1

89.6 88.1 88.3 88.3 89.2

315.2 312.5 312.8 314.3 316.3

2534.9 2533.8 2533.6 2525.7 2521.6

755.2 761.2 763.4 762.5 762.5

AUG. 5p 12P

260.2 259.9

7.7 7.7 e

282.8 278.1

227.9 228.4

89.1 88.3

317.0 316.8

2520.0 2522.3

755.3 760.2

365. 364.

362. 361. 360. 359. 356.

353.8 353.8

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 foreiqn-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 NOH and ATS balances at commercial banks, U.S. branches and agencies of foreiqn 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 oyerniqht RPs and Eurodollars held by institution-only money market mutual funds. This sum is seasonally adjusted as a whole. e--indicates estimated data. p--indicates preliminary data.

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

Page 5: h6_19910822.pdf

H.6 (508) Table 4-continued

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

Money ms irket deposit accounts Savings deposits1 Small-denomination time deposits2 Large-denomination time

At At commercial thrift

banks* institutions

deposits3

Date

At commercial

banks

At thrift

institutions Total

At commercia

banks

At 1 thrift

institutions Total

At commercial

banks

At thrift

institutions Total

Large-denomination time

At At commercial thrift

banks* institutions Total

1990-MAR. 360.9 134.8 495.7 192.1 218.2 410.2 540.7 609.3 1149.9 399.2 150.1 549.3

APR. MAY JUNE

364.4 366.1 369.6

134.9 134.3 132.6

499.3 500.5 502.3

192.3 192.7 194.0

219.1 218.6 217.8

411.5 411.3 411.8

544.4 553.4 563.8

607.8 600.2 590.8

1152.2 1153.5 1154.6

396.8 397.5 397.7

146.9 143.0 140.3

543.7 540.5 538.0

JULY AUG. SEP.

371.8 374.7 376.1

131.6 131.2 131.3

503.4 505.9 507.4

195.2 195.9 196.5

217.5 216.8 215.8

412.7 412.7 412.3

571.6 574.9 579.4

585.2 583.4 580.7

1156.8 1158.3 1160.1

398.7 395.8 390.9

136.4 133.4 131.0

535.0 529.2 521.9

OCT. NOV. DEC.

376.7 377.4 378.4

130.0 129.4 127.6

506.7 506.8 505.9

197.7 198.2 199.4

213.9 212.9 211.4

411.5 411.1 410.8

588.1 589.5 598.1

573.3 572.3 566.1

1161.4 1161.8 1164.2

386.8 387.4 386.1

128.3 125.1 121.1

515.1 512.5 507.1

1991-JAN. FEB. MAR.

377.7 383.2 388.9

127.5 128.3 130.3

505.2 511.5 519.2

201.4 203.2 205.8

210.6 212.1 214.7

412.0 415.4 420.5

601.6 605.5 607.8

562.3 557.1 550.5

1163.9 1162.7 1158.3

394.0 401.1 399.9

118.0 114.9 111.6

511.9 516.0 511.5

APR. MAY JUNE

393.8 399.9 404.5

132.8 136.2 137.6

526.6 536.1 542.1

208.9 211.4 215.1

218.4 221.7 223.8

427.2 433.1 438.9

604.1 601.2 601.7

546.1 539.3 527.4

1150.2 1140.5 1129.2

398.5 399.3 398.1

108.8 104.6 100.9

507.3 503.9 499.0

JULY 408.0 139.2 547.1 217.6 225.3 442.9 601.0 517.7 1118.7 394.1 97.7 491.7

Meek ending

1991-JUNE 17 24

405.6 404.3

JULY 1 8 15 22 29

404.7 407.0 409.1 407.8 408.3

AUG. 12p

408.6 410.4

137.8 138.0

138.1 138.8 139.6 139.4 139.1

138. 138.

543 542,

542.8 545.9 548.7 547.2 547.4

547. 548.

215, 215,

216. 216. 217, 217, 218.7

219.3 220.0

224.0 224.2

224. 225. 225, 225, 225,

226, 226,

439. 439.

440 . 4 4 1 . 442 . 4 4 3 . 444 .

445.7 446.6

601. 601.

600. 600. 600. 601. 602.

603. 604.

527.9 525.8

524.3 522.3 519.5 516.4 513.7

510.1 506.9

1129. 1127.

1124. 1122. 1119. 1117. 1115.8

1113. 1111.

400. 397.

391. 394. 395. 393. 394.

393, 392.

101. 100.

99. 99. 98. 97, 96.

95. 94.

502.1 497.8

.4

.7 491. 493. 493.8 490.2 490.0

489 486

1. Savings deposits exclude MMDAs. 2. Small-denomination time deposits — including retail RPs--are 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. 3. 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. p--indicates preliminary data.

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

Page 6: h6_19910822.pdf

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 components*

Date

Institution-only money

market funds Savings bonds

Short-term Treasury securities1

Bankers acceptances2

Commercial paper3

Federal debt

Non-Federal debt

1990-MAR. 105.2 119.2 336.9 37.2 344.1 2316.1 7653.5

APR. MAY JUNE

106.9 107.6 108.1

119.9 120.7 121.4

329.9 315.4 331.7

36.0 35.4 34.7

351.9 349.1 349.1

2330.6 2345.1 2374.2

7696.0 7725.3 7754.2

JULY AUG. SEP.

109.8 114.0 116.2

122.2 123.0 123.8

333.9 328.6 331.9

33.0 32.3 31.8

348.2 347.0 359.0

2401.7 2439.6 2461.9

7787.1 7817.8 7850.5

OCT. NOV. DEC.

119.6 120.5 125.7

124.5 125.2 126.0

329.9 332.8 333.9

32.6 34.0 34.7

358.8 359.0 359.4

2473.9 2507.3 2534.3

7875.6 7892.2 7901.8

1991-JAN. FEB. MAR.

130.1 139.3 142.0

126.7 127.8 128.9

331.7 329.6 325.7

36.0 35.2 32.4

363.2 355.9 352.0

2556.3 2588.6 2599.7

7911.4 7937.4 7964.2

APR. MAY JUNE

145.6 146.2 143.3

130.1 131.4 132.5 p

302.6 292.0 321.2 p

30.7 28.8 27.6 p

337.6 322.7 330.6 p

2590.8 2613.1 2645.5 p

7985.4 8008.5 8026.1 p

JULY p 141.8

Week ending

1991-JUNE 17 24

144.1 143.0

JULY 1 8 15 22 29

140.0 141.6 143.2 142.1 141.5

AUG. 5p 12p

139.3 143.6

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. p--indicates preliminary data.

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

Page 7: h6_19910822.pdf

H.6 ( 5 0 8 ) T a b l e 5

COMPONENTS OF MONEY STOCK, LIQUID ASSETS, AND DEBT B i l l i o n s o f d o l l a r s > n o t s e a s o n a l l y a d j u s t e d

D a t e T r a v e l e r s Demand

C u r r e n c y 1 c h e c k s 2 d e p o s i t s 3

Other checkab le d e p o s i t s

At commercial

banks4

At thrift

institutions5 Total

Nontransactions components

In M2 6 In M3 only7

Overnight RPs8

Overnight Eurodollars9

General purpose and broker/dealer

money market funds

1990-MAR. 2 2 7 . 1 7 . 3 2 7 1 . 6 2 0 2 . 4 8 7 . 8 2 9 0 . 1 2 4 7 1 . 5 8 0 8 . 1 6 7 . 0 1 4 . 9

APR. MAY JUNE

2 2 9 . 6 2 3 1 . 8 2 3 4 . 9

7 . 3 7 . 5 8 . 1

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

2 0 9 . 6 2 0 0 . 9 2 0 4 . 0

9 1 . 5 8 8 . 2 8 8 . 7

3 0 1 . 1 2 8 9 . 1 2 9 2 . 7

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

7 9 8 . 0 8 0 1 . 5 7 9 6 . 7

6 4 . 3 6 6 . 7 6 6 . 9

1 5 . 1 1 6 . 5 1 5 . 5

JULY AUG. SEP.

2 3 7 . 3 2 3 9 . 4 2 4 1 . 0

8 . 6 8 . 9 8 . 8

2 7 7 . 3 2 7 6 . 8 2 7 8 . 2

2 0 1 . 4 2 0 1 . 8 2 0 3 . 9

8 8 . 2 8 7 . 6 8 7 . 1

2 8 9 . 7 2 8 9 . 4 2 9 1 . 1

2 4 8 5 . 7 2 4 9 5 . 7 2 4 9 7 . 8

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

6 8 . 2 6 7 . 5 6 5 . 0

1 5 . 8 1 5 . 2 1 6 . 4

OCT. NOV. DEC.

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

8 . 4 8 . 0 7 . 8

2 7 8 . 0 2 8 0 . 5 2 8 9 . 9

2 0 3 . 0 2 0 6 . 0 2 1 1 . 5

8 5 . 4 8 5 . 9 8 5 . 5

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

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

7 8 4 . 8 7 8 8 . 8 7 8 2 . 2

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

1 7 . 5 1 7 . 3 1 9 . 4

1 9 9 1 - J A N . FEB. MAR.

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

7 . 8 7 . 8 7 . 8

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

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

8 4 . 2 8 3 . 5 8 5 . 9

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

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

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

5 1 . 5 5 1 . 0 4 8 . 6

1 9 . 7 1 9 . 1 2 0 . 5

APR. MAY JUNE

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

7 . 5 7 . 8 8 . 1

2 7 7 . 6 2 7 1 . 5 2 7 9 . 6

2 2 2 . 4 2 1 7 . 1 2 2 1 . 8

8 9 . 3 8 7 . 8 8 9 . 0

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

2 5 4 3 . 4 2 5 3 2 . 5 2 5 3 3 . 9

7 8 3 . 7 7 7 9 . 9 7 6 8 . 7

4 9 . 1 4 9 . 6 4 9 . 7

2 0 . 0 1 7 . 6 1 6 . 1

331.6

330. 321. 322.

325. 334. 339,

341, 343, 345,

354. 362, 370,

368, 360, 358,

JULY p 260.9 8.5 280.6 222.9 89.1 312.0 2529.4 761.3 48.2 14.4 354.5

Week e n d i n g

1991-JUNE 17 24

2 5 9 . 1 2 5 8 . 4

8 . 1 8 . 2

2 8 3 . 0 2 7 1 . 7

2 2 3 . 1 2 1 8 . 5

8 9 . 8 8 6 . 6

3 1 2 . 9 3 0 5 . 1

2 5 3 8 . 7 2 5 2 9 . 7

7 7 3 . 7 7 6 7 . 5

5 0 . 4 4 9 . 4

1 5 . 7 1 7 . 0

JULY 1 8

15 22 29

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

8 . 3 8 . 4 8 . 5 8 . 5 8 . 6

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

2 2 0 . 0 2 2 7 . 0 2 2 3 . 7 2 2 1 . 4 2 1 9 . 4

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

3 0 8 . 0 3 1 9 . 1 3 1 3 . 5 3 0 9 . 1 3 0 5 . 8

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

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

4 9 . 8 4 8 . 0 4 9 . 4 4 6 . 8 4 8 . 3

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

AUG. 5p 12p

2 6 2 . 1 2 6 2 . 9

8 . 7 8 . 6 e

2 8 3 . 3 2 7 9 . 8

2 2 7 . 4 2 2 7 . 6

9 0 . 9 8 9 . 6

3 1 8 . 3 3 1 7 . 2

2 5 2 1 . 8 2 5 2 7 . 2

7 5 7 . 1 7 6 4 . 1

4 8 . 9 4 9 . 2

1 3 . 8 1 4 . 8

359.1 357.8

354. 352. 356. 356.

350, 352,

353.6

Treasury, Federal Reserve Banks and the vaults of depository institutions. Outstanding amount of U.S. dollai—denominated travelers checks of nonbank issuers. Currency outside U.S. .. . _. __, _, 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 NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations. 5. Consists of NOW 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 worldwide to U.S. residents other than depository institutions and money market mutual funds

(general purpose and broker/dealer). e—indicates estimated data. p--indica-tes preliminary data. Digitized for FRASER

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

Page 8: h6_19910822.pdf

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

Page 9: h6_19910822.pdf

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

At commercial

banks

At thrift

institutions Total Term

Eurodollars2 Savings bonds

Short-term Treasury securities3

Bankers acceptances*

Commercial paper5

Federal debt

Non-Federal debt

1990-MAR. 106.8 50.1 48.3 98.4 66.7 119.4 337.2 36.1 343.8 2319.2 7606.4

APR. MAY JUNE

105.9 106.8 106.2

49.5 50.1 53.4

48.7 49.2 48.9

98.2 99.3 102.2

65.3 67.1 64.4

120.2 120.9 121.6

328.6 310.6 321.4

35.3 35.2 34.9

355.4 357.6 355.4

2331.0 2339.7 2363.0

7649.9 7684.4 7721.5

JULY AUG. SEP.

108.3 113.1 113.4

53.5 55.5 51.7

47.0 46.5 46.6

100.5 102.0 98.3

65.1 68.3 70.0

122.2 122.8 123.5

323.7 323.9 334.2

33.1 32.4 32.3

348.2 344.9 356.8

2386.8 2422.3 2444.5

7758.7 7785.8 7818.5

OCT. NOV. DEC.

117.1 121.2 127.0

50.7 52.3 47.6

44.9 43.4 42.5

95.6 95.7 90.2

70.2 70.0 71.4

124.2 125.0 125.8

334.4 338.9 343.9

32.8 34.6 35.7

353.0 350.3 355.1

2459.3 2498.8 2532.1

7850.7 7871.2 7891.2

1991-JAN. FEB. MAR.

134.8 144.0 143.9

46.6 47.1 46.1

41.6 39.7 37.1

88.2 86.8 83.2

71.9 72.6 71.1

126.8 127.9 129.1

339.1 330.8 325.7

36.1 34.3 31.5

365.5 358.0 351.6

2557.7 2590.7 2602.8

7898.0 7900.1 7915.8

APR. MAY JUNE

144.1 145.2 141.0

46.7 46.2 46.2

35.3 34.8 32.5

82.1 81.0 78.7

68.2 65.7 65.6

130.4 131.6 132.7 p

301.2 287.6 310.9 p

30.1 28.7 27.7 p

341.4 330,8 336.6 p

2593.0 2609.1 2635.3 p

7938.6 7967.6 7993.4 p

JULY p 139.7 47.5 32.7 80.2 66.2

Week ending

1991-JUNE 17 24

141.8 140.9

46.9 46.3

32.8 32.4

79.7 78.7

65.9 66.1

JULY 1 8 15 22 29

136.1 137.2 139.9 141.4 141.3

45.2 47.5 47.8 47.7 47.6

31.1 32.7 32.5 33.0 33.0

76.3 80.2 80.3 80.7 80.7

65.4 66.7 64.8 66.5 66.8

AUG. 5p 12p

138.5 143.0

46.4 46.6

32.8 33.3

79.2 79.9

65.8 67.7

1. Term RPs are those with original maturities greater than one day, excluding continuing contracts and retail RPs. 2. 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

world-wide and by all bankinq offices in the United Kingdom and Canada. Excludes those held by depository institutions and money market mutual funds. 3. 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. 4. Net of bankers acceptances held by accepting banks, Federal Reserve Banks, foreign official institutions, Federal Home Loan Banks, and money market

mutual funds. 5. Total commercial paper less commercial paper held by money market mutual funds. 6. Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities. p--indicates preliminary data.

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

Page 10: h6_19910822.pdf

H.6 (508) Table 6

MEMORANDUM ITEMS Billions of dollars> not seasonally adjusted 10

Date

Foreign commercial

banks

1990-MAR. 9.0

APR. MAY JUNE

9.2 9.4 9.1

JULY AUG. SEP.

9.0 9.2 9.4

OCT. NOV. DEC.

9.0 8.9 8.8

1991-JAN. FEB. MAR.

9.2 8.2 8.1

APR. MAY JUNE

8.6 8.3 7.7

Demand deposits at banks due to

Foreign official

institutions

U.S. government deposits IRA and Keogh Accounts

Time and savings deposits due to foreign banks and official institutions

Demand Balance deposits at at Note balances Total commercial Federal at depository cash

banks Reserve institutions balance

Time and savings

deposits at commercial

banks

A* commercial

banks

At thrift

institutions

At money market funds

Total

1.6

1.5 1.5 1.4

3.4 3.6 5.3 13.1 22.0 1.3 113.3 133.9 33.6 280.8

3.4 3.4 3.3

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 1.2

115.6 117.7 119.5

134.0 133.8 133.6

34.0 34.2 34.3

283.6 285.8 287.4

3.3 3.2 3.2

3.4 3.8 5.1

5.4 5.4 6.4

11.9 19.7 25.9

20.6 28.9 37.5

1.3 1.4 1.2

121.1 122.6 124.4

133.5 133.1 132.5

34.4 35.2 36.9

289.0 291.0 293.8

3.6 3.3 3.2

3.5 3.7 5.0

5.5 5.6 5.2

17.5 15.4 18.1

26.4 24.8 28.2

1.4 1.4 1.4

126.8 128.6 130.3

132.0 131.5 130.7

37.9 39.2 40.7

296.7 299.3 301.7

3.2 3.2 3.2

4.9 4.2 5.1

7.8 11.5 6.8

24.5 35.1 23.3

37.2 50.8 35.1

1.3 1.3 1.3

132.1 133.6 135.3

130.3 130.3 130.3

41.5 42.1 42.8 e

303.9 306.0 308.4

3.3 3.3 3.3

5.3 3.6 5.0

4.7 5.6 6.3

15.0 16.2 18.6

25.1 25.4 29.9

1.3 1.5 1.6

137.3 138.9 140.3

129.9 129.2 127.8 e

43.6 e 44.0 e 44.5 e

310.8 312.1 312.5

JULY 8.2 1.4 3.2 3.6 6.6 17.1 27.3 1.6 141.8 126.4 e 44.8 e 312.9 e

Week ending

1991-JUNE 17 24

7.6 7.6

1.4 1.3

JULY 1 8 15 22 29

7.8 8.6 8.3 8.0 7.8

1.5 1.4 1.3 1.4 1.6

AUG. 5p 12P

8.2 8.5

1.3 1.4

3.3 3.3

7.3 4.8

4.8 6.4

7.6 31.7

19.7 43.0

1.6 1.6

3.3 3.2 3.2 3.2 3.2

4.3 4.0 3.6 3.4 3.2

9.2 7.S 6.3 6.6 6.0

31.5 16.8 13.8 15.8 18.5

44.9 28.2 23.7 25.7 27.6

1.6 1.6 1.6 1.6 1.6

3.2 3.2

4.5 3.2

5.5 6.6

22.0 12.9

32.1 22.7

1.5 1.5

e—indicates estimated data. p--indicates preliminary data.

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

Page 11: h6_19910822.pdf

H.6 (508) Special Supplementary lable

Monthly Survey of Selected Deposits June 26,1991 and July 31,19911

(not seasonally adjusted)

Insured Commercial Banks Anwunt Outstanding ($mil) -

Change June 26 Julv 31 (nercenO

Average Rate Paid (%)

Liability Categories

Anwunt Outstanding ($mil) -Change

June 26 Julv 31 (nercenO June 26 Julv 31 Change

NOW Accounts 215.593 221,651 2.81 4.63 4.58 -5

Money market deposit accounts

Personal 276.126 279.827 1.34 5.29 5.24 r-5

Nonpersonal 119.331 121.505 1.82 5.26 5.22 -4

Savings deposits 214.227 217.002 1.30 5.13 5.07 -6

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

7 to 91 days 52,513 53.097 1.11 5.63 5.60 - 3

92 to 182 days 166.454 166.068 -0.23 5.86 5.82 -4

183 days to 1 year 216.464 214.719 -0.81 6.13 6.10 - 3

1 to 2-1/2 years 161,296 162.515 0.76 6.48 6.45 - 3

2-1/2 years and over 147.083 150.976 2.65 6.96 6.97 1

All IRA/Keogh Plan deposits2 140.852 142.622 1.26 N.A. N.A. N.A.

Amount Outstanding ($mil) BIF- insured Savings Banks 3

Liability Categories June 26 July 31 Change (percent)

Average Rate Paid (%)

June 26 July 31 Change (b,p.)

NOW Accounts

Money market deposit accounts

Personal

Nonpersonal

Savings deposits

Interest-bearing time deposits with balances of less than $100.0(10 with original maturities of:

8.643 8.971

24.013 24.016

1.726 1.761

41.727 42.099

3.79

0.01

2.03

0.89

5.28

5.71

5.65

5.57

5.27

5.66

5.62

5.54

- 1

-5

-3

- 3

7 to 91 days 5.896 5.612 -4.82 5.90 5.77 -13

92 to 182 days 24.803 24.286 -2.08 6.15 6.05 -10

183 days to 1 year 35.519 35.021 -1.40 6.46 6.39 -7

1 to 2-1 '2 years 24.754 25.295 2.19 6.76 6.64 -12

2-1/2 years and over 18.866 19.047 0.96 7.38 7.38 0

All IRA/Keogh Plan deposits2 23.788 23.934 0.61 N.A. N.A. N.A.

N.A. — data are not available

NOTE: Data for earlier month may show revisions.

1. Estimates are based on data collected by the Federal Reserve System from a stratified random sample of about 500 commercial banks and 80 savings banks. All rates are expressed as annual effective yields.

2. Total IRA and Keogh Plan deposits regardless of size, type of instrument in which held, or interest rate paid. 3. BIF-insured savings banks include both mutual and federal savings banks.

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