Regional President Speech

FEDERAL RESERVE BANK OFFICE OF JdF SAN FRANCISCO THE PRESIDENT NATIONAL ASSOCIATION OF BUSINESS ECONOMISTS SAN FRANCISCO BAY AREA CHAPTER THE 26th ANNUAL OUTLOOK CONFERENCE POST TAX REFORM ECONOMIC OUTLOOK ROBERT T. PARRY, PRESIDENT FEDERAL RESERVE BANK OF SAN FRANCISCO NOVEMBER 18, 1986 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Current Forecasts of the Federal Budget Deficit (Billions of Dollars) 250-i 200 - 150- 100 ! , | ,-------------------------------------------[ 1985 1986 1987 1988 1989 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Billie s of Billi jns of Dol rs Do lars 720 720 700 700 680 680 660 660 640 640 620 620 600 600 580 580 560 560 540 i-------1-------1-------1-------1------1-------1-------1-------i-------1-------1-------1------1-------1-------1-------1-------1------1-------1-------1-------1------1-------1-------i-------1-------1-------r- 540 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 M1 is the sum of currency, nonbank travelers checks, demand deposits, and other checkable deposits. (1) Weekly data plotted through Nov. 3. Monthly data plotted for previous periods. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis M2 Billi* IS of Billi ns of Do irs Dc lars 2850 2850 2800 2800 2750 2750 2700 2700 2650 2650 2600 2600 2550 2550 2500 2500 2450 2450 2400 2400 2350 2350 2300 i i i i i i i i i 1 1 i r i i--------1 i i r ' 'i i i i i i--------1---------1--------1--------r 2300 0 N D J F M A M J J A S O N D J F M A M J J A S 0 N D 1984 1985 1986 M2 is M1 plus overnight RPs and Eurodollars, general purpose and broker/dealer money market funds, MMDAs, and savings and smal time deposits. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Billions of Billions of Dollars Dollars 3600 3500 3400 3300 3200 3100 3000 2900 1984 1935 ■ 1986 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 Billi ns of Billio s of Dc ars Doll i rs 7600 7600 740 0 7400 7200 7200 7000 7000 6800 6800 6600 6600 6400 6400 6200 6200 6000 6000 5800 5800 ! I I 5600- 1 I ! I I I ! I ! ' H I i 1 I ! ! ! : !-----------1----------1-------” 1----------!------ !-----------!----------1-----------1-----------1— 5600 O N D J F M A M J J A S 0 N D J F M A M J J A S 0 N D 1984 1985 1986 Domestic Nonfinancial Debt consists of outstanding credit marke debt of government and private nonfinancial sectors,of the econc ■ny. excluding corporate equities. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Robert T. Parry (1986, November 17). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19861118_robert_t_parry

@misc{wtfs_regional_speeche_19861118_robert_t_parry,
  author = {Robert T. Parry},
  title = {Regional President Speech},
  year = {1986},
  month = {Nov},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19861118_robert_t_parry},
  note = {Retrieved via When the Fed Speaks corpus}
}