FEDERAL RESERVE statistical release

Transcription

1 FEDERAL RESERVE statistical release These data are scheduled for release each Thursday at 4:30 p.m. [Table 1 MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES Billions of dollars 16, 1991 Ml 3 M2 2 M3 3 DEBT Seasonally adjusted f p p p Not seasonally adjusted p p p Footnotes appear on the following page, p indicates preliminary data.

2 Table 2 MONEY STOCK AND DEBT MEASURES Percent change at seasonally adjusted annual rates Ml M2 M3 Debt 1 3 Months from JAN TO Months from 1990 TO Months from 1990 TO Thirteen weeks ending 6, 1991 from thirteen weeks ending: 4, 1991 (13 weeks previous) 5, 1990 (26 weeks previous) 7, 1990 (52 weeks previous) Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, December 1990 to March 1991, September 1990 to March " , and March 1990 to March 1991, respectively. Footnotes to Table 1 Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository * (2) travelers checks of nonbank issuers * (3) demand deposits at all other than those due to depository, the U.S. government, and foreign and official, less cash items in the process of collection and Federal Reserve float* and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NON) and automatic transfer service (ATS) accounts at depository, credit union share draft accounts and demand deposits at. 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 and overnight Eurodollars issued to U.S. residents by foreign branches of U.S. 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 and money market funds. Also excludes all balances held by U.S., money market funds (general purpose and broker/dealer), foreign governments and, 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, term Eurodollars held by U.S. residents at foreiqn branches of U.S. 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, the U.S. government, money market funds, and foreign and official. 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, 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, 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-averaqe 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

3 Table 3 MONEY STOCK MEASURES Billions of dollars Seasonally adjusted Ml M2 M3 Period en ding 13-week 4-week week 13-week 4-week week 13-week 4-week week average average average average average average average average average p Not seasonally adjusted Ml M2 M3 Period en ding 13-week 4-week week 13-week 4-week week 13-week 4-week week average average average average average average average average average p 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.

4 Table 4 Billions of dollars, seasonally adjusted Other checkable deposits Nont ransactions components Currency 1 checks 2 Travelers Demand deposits In M2 6 In M3 only 7 General purpose and broker/dealer money market funds i , 5, 6, P Week endii ng , , 6, p Currency outside U.S. Treasury* Federal Reserve Banks and the vaults of depository. 2. Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository are included in demand deposits. 3. Demand deposits at and foreign-related other than those due to depository, the U.S. government and foreign and official, less cash items in the process of collection and Federal Reserve float. 4. Consists of NOW and ATS balances at, U.S. branches and agencies of foreign, and Edge Act corporations. 5. Consists of NOW and ATS balances at s, credit union share draft balances, and demand deposits at s. 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 overnight 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.

5 Table 4-continued Billions of dollars, seasonally adjusted Money market deposit accounts Savings deposits 1 Small-denomination time deposits 2 Large-denomination time deposits 3 commercia il _ p Neek ending , 420, 421, , 111, 110, , 217, 21, 219, 219, 423, 4, , p Savings deposits exclude MMDAs. Small-denomination time deposits including retail RPs are those issued in amounts of less than $100,000. All IRA and Keogh account balances at and s 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 less those held by money market mutual official, -indicates preliminary data. those booked at international banking facilities, funds, depository, and foreign and

6 Table 4-continued Billions of dollars, seasonally adjusted Non-M3 Components of L Debt components 4 Institutiononly money market funds Savings bonds Short-term Treasury securities 1 Bankers acceptances 2 Commercial paper 3 Federal debt Non-Federal debt p p p p p p P Neek endii *»g p p- Consists of U.S. Treasury bills and coupons with remaining maturities of less than 12 months held by other than depository * Federal Reserve Banks* money market mutual funds, and foreign entities. Net of bankers acceptances held by accepting > Federal Reserve Banks> foreign official * Federal Home Loan Banks* and money market mutual funds. paper less 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, -indicates preliminary data.

7 1. Currency outside U.S. Treasury* Federal Reserve Banks and the vaults of depository. 2. Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository are included in demand deposits. 3. Demand deposits at and foreign-related other than those due to depository, the U.S. government and foreign and official * less cash items in the process of collection and Federal Reserve float. 4. Consists of NOW and ATS balances at * U.S. branches and agencies of foreign * and Edge Act corporations. 5. Consists of NOW and ATS balances at s, credit union share draft balances, and demand deposits at s. 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-onlyraoneymarket mutual funds.. Consists of overnight and continuing contract RPs issued by all depository to other than depository and money market mutual funds (general purpose and broker/dealer). 9. Issued by foreign branches of U.S. worldwide to U.S. residents other than depository and money market mutual funds (general purpose and broker/dealer). e indicates estimated data, p indicates preliminary data. Digitized for FRASER Table 5 Billions of dollars> not seasonally adjusted Travelers Demand Currency 1 checks 2 deposits 3 * Other checkable deposits 5 Nontransactions components In M2 6 In M3 only 7 Overnight RPs* Overnight Eurodollars 9 General purpose and broker/dealer money market funds Meek P ending p , 373, , , 363.1

8 Table 5-continued Billions of dollars, not seasonally adjusted Money market deposit accounts Savings deposits 1 Small-denomination time deposits 2 Large-denomination time deposits 3 A* commercia il m p Neek ending , 131, 131, , , 549, , , , , 10, 107, p 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 and s 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. Largeydenomination time deposits at less those held by money market mutual funds, depository, and foreign and official. p--indicates preliminary data.

9 Table 5-continued Billions of dollars, not seasonally adjusted Term RPs * Non-M3 Components of L Debt components 6 Institutiononly money market funds i Term Eurodollars 2 Savings bonds Short-term Treasury Bankers Commercial securities 3 ' acceptances 4 paper 5 Federal debt Non-Federal debt p p p p p p P Neek ending p 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. world-wide and by all banking offices in the United Kingdom and Canada. Excludes those held by depository and money market mutual funds Consists of U.S. Treasury bills and coupons with remaining maturities of less than 12 months neld by other than depository, Federal Reserve Banks, money market mutual funds, and foreign entities. Net of bankers acceptances held by accepting, Federal Reserve Banks, foreign official, Federal Home Loan Banks, and money market mutual funds. paper less 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, --indicates preliminary data.

10 Table 6 MEMORANDUM ITEMS Billions of dollars, not seasonally adjusted 10 Demand deposits at due to U.S. government depos ;its IRA and Keogh Accounts < Foreign Foreign official Time and savings deposits due to foreign and official Demand deposits at Balance at Federal Reserve Note balances at depository cash balance Time and savings deposits at commercia 1. money market funds e 3.4 e e e e P e 40.9 e e Week ending p e 39.7 e 40.4 e e e e e indicates p indicates estimated data, preliminary data.

11 Special Supplementary Table Monthly Survey of Selected Deposits March 27,1991 and April 24, (not seasonally adjusted) Insured Commercial Banks Amount Outstanding ($mil) Average Rate Paid (%) Change Liability Categories March 27 April 24 (percent) March 27 April 24 NOW Accounts Money market deposit accounts Personal Savings deposits Nonpersonal Interest-bearing time deposits with balances of less than $100,000 with original maturities of: 211, ,69 275, , , , , ,399 7 to 91 days 55,077 54, to 12 days 171,91 170, days to 1 year , to 2-1/2 years 5,369 6, /2 years and over 140, , All IRA/Keogh Plan deposits 2 135,96 13,079 4 N.A. N.A. N.A Change (b.p.) Liability Categories NOW Accounts Money market deposit accounts Personal Savings deposits Nonpersonal Interest-bearing time deposits with balances of less than $100,000 with original maturities of: FDIC-insured Savings Banks 3 Amount Outstanding ($mil) Average Rate Paid (%) March 27 April 24 Change (percent) March 27 April 24, , ,517 41, to 91 days 6, to 12 days 26, days to 1 year to 2-1/2 years /2 years and over All IRA/Keogh Plan deposits N.A. N.A. N.A Change (b.p.) 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 and 0 savings. All rates are expressed as annual effective yields. 2. IRA and Keogli Plan deposits regardless of size, type of instrument in which held, or interest rate paid. 3. FDIC-insured savings include both mutual and federal savings. Digitized for FRASER