Regional President Speech

aelf• ERAL RESERVE BANK OFFICE OF SAN FRANCISCO THE PRESIDENT liiaaaiiigiaiaiaMiigiittaaatfMiiftfMM “ Prospects for Monetary & Fiscal Policies” Remarks before the Harvard Business School Association of Northern California San Francisco, CA Robert T. Parry, President Federal Reserve Bank of San Francisco October 29,1986 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Billions of Billions of Dollars Dollars M1 is the sum of currency, nonbank travelers checks, demand deposits, and other checkable deposit^. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Billie s o f B iIIio ns of Dol irs Doll a rs 2850 2850 2800 2800 2750 2750 2700 2700 2650 2650 2600 2600 2550 2550 2500 r 2500 2-450 2450 2400 2400 ■2350 2350 -2300 2300 O N D J F M A M J J A S O N D J F M A M J J A S O N D 1984 1985 1986 M2 is Ml plus overnight RPs and Eurodollars, general purpose and broker/dealer money market funds, MMDAs, and savings and small time deposits. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Billions of Billions of Dollars Dollars M3 is M2 plus large time deposits , term RPs, term Eurodollars held by U.S. residents, institution—only money market funds, and term Eurodollars held by U.S. residents at foreign branches of U.S. banks and at all banks in the United Kingdom and Canada. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis DOMESTIC NONFINANCIAL DEBT Billions of Billions of Dollars Dollars - 7600 7600 - 7400 7400 - r 7200 7200 7000 7000 - 6800 6800 - - 6600 6600 6400 64 0 0 - -6 2 00 6200- 6000 6 0 0 0 - 5800 5 8 0 0 - "i----1----:----r 5600 5600 --1---1--1— —i---1--1---1 —I---1--1---1 i i I i r i i O N D J F M A M J J A S O N D J F M A M J J A S O N D 1984 1985 1986 Domestic Nonfinancial Debt consists of outstanding credit market debt of government and private nonfinancial sectors of the economy, excluding corporate equities. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Current Forecasts of the Federal Budget Deficit (Billions of Dollars) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Robert T. Parry (1986, October 28). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19861029_robert_t_parry

@misc{wtfs_regional_speeche_19861029_robert_t_parry,
  author = {Robert T. Parry},
  title = {Regional President Speech},
  year = {1986},
  month = {Oct},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19861029_robert_t_parry},
  note = {Retrieved via When the Fed Speaks corpus}
}