Full text of H.6 Money Stock Measures : February 29, 1980

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FEDER,

IE statistical release

7fl.6(508)

FEBRUARY

29, 1980

Table 1
,__
MONEY STOCK MEASURES ANU LIUUILJ ASSETS
Billions of dollars, seasonally adjusted unless otherwise noted
M1-A
M1-B

Currency
plus demand
deposits1
*

Date

MI-Aplus
other checkable
deposits at banks
and thrift
institutions 2

Addenda:

Overnight RPs
at commercial
banks plus
overnight
Eurodollars3

Money market
mutual fund
shares

NSA

NSA

M3
M2
MI-Bplus
M2 plus large
overnight RPs
time deposits
and Eurodollars,
MMMF shares, and and term RPs at
savings and small commercial banks
and thrift
time deposits at
institutions^
commercial banks
and thrift
institutions^

L

M3 plus other
liquid assets*)

1979-JAN.
FEB.
MAR.

350.1

350.0
351.9

360.0
360.7
363.9

22.6
23.6
24.8

12.1
14.5
16.8

1406.5
1412.8
1425.4

1630.0
1640.2
1652.6

1937.3
1952.8
1976.0

APR.
MAY
JUNE

356.2
356.1
360.3

369.7
369.5
374.3

25.1
26.3
26.0

19.2
21.8
24.6

1440.2
1448.3
1464.5

1666.5
1674.9
1689.5

1998.1
2016.7
2043.0

JULY
AUG.
SEPT.

363.2
365.4
367.5

378.0
380.7
383.2

25.1
25.2
26.1

28.0
31.2
33.7

1476.4
1489.5
1499.7

1702.9
1719.3
1738.2

2057.3
2074.9
2103.3

OCT.
NOV.
DEC. P

368.0
369.6
371.5

383.9
385.3 ,
387.7 /

25.6
23.5
24.1

36.9
40.4
43.6

1507.2
1514.5
1523.9

1751.8
1762.6
1773.4

2115.4
2124.2
2138.7

372.6

389.0

24.5

49.2

1532.1

1784.4

P
P
P
P
P

372.4
373.6
372.1
371.4
373.1

388.8
390.3
388.9
387.7
389.1

25.5
24.3
24.1
24.1
24.6

6 P
13 P
20 P

377.0
376.3
377.4

393,1
392.9
393.9

22.8
23.3
24.0

1980-JAN.

P

WEEK ENOING:
1980-JAN.

FEB.

1/
2/
3/
4/

5/
6/

2
9
16
23
30

INCLUDES C D DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S.
GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND
F.R. FLOAT; AND (2) CURRENCY OUTSIDE THE TREASURY, F.R. BANKS AND THE VAULTS OF COMMERCIAL BANKS.
Ml-A PLUS NOW ANO ATS ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS AND
DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
OVERNIGHTCAND CONTINUING CONTRACT) RPS ARE THOSE ISSUED BY COMMERCIAL BANKS TO THE NONBANK PUBLIC, AND
OVERNIGHT EURODOLLARS ARE THOSE ISSUED BY CARIBBEAN BRANCHES OF MEMBER BANKS TO U.S. NONBANK CUSTOMERS.
SMALL TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. M2 WILL DIFFER FROM THE SUM OF
COMPONENTS PRESENTED IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT THAT HAS BEEN MADE TO AVOID
DOUBLE COUNTING OF THE PUBLICS MONETARY ASSETS. THE DIFFERENCE REPRESENTS THE AMOUNT OF DEMAND DEPOSITS
HELD BY THRIFT INSTITUTIONS AT COMMERCIAL BANKS.
LARGE TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE AND ARE NET OF THE HOLDINGS
OF DOMESTIC BANKS, THRIFT INSTITUTIONS, THE U.S. GOVERNMENT, MONEY MARKET MUTUAL FUNDS AND FOREIGN
BANKS AND OFFICIAL INSTITUTIONS. TERM RPS ARE NET OF RPS HELD BY MONEY MARKET MUTUAL FUNDS.
OTHER LIQUID ASSETS INCLUDE THE NONBANK PUBLIC'S 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.

NOTE: P INDICATES PRELIMINARY DATA. SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING WEEK-TO-WEEK CHANGES
IN MONEY SUPPLY DATA, WHICH ARE OFTEN HIGHLY VOLATILE AND SUBJECT TO REVISION IN SUBSEQUENT WEEKS AND
MONTHS. PRELIMINARY DATA ARE SUBJECT TO WEEKLY REVISIONS UNTIL THEY ARE FINAL.




H.6 (508)
Table 1A

MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonally adjusted
M1-A

Currency
plus demand
deposits 1

Date

M1-B

MI-Aplus
other checkable
deposits at banks
and thrift
institutions?

Addenda:

Overnight RPs
at commercial
banks plus
overnight
Eurodollars 3

Money market
mutual fund
shares

M3
M2
MI-Bplus
M2 plus large
overnight RPs
time deposits
and Eurodollars,
MMMF shares, and and term RPs at
savings and small commercial banks
and thrift
time deposits at
institutions^
commercial banks
and thrift
institutions^

L

M3 plus other
liquid assets^

354.7
342.2
345.5

364.7
353.0
357.5

22.6
23.6
24.8

12.1
14.5
16.8

1409.0
1404.3
1422.2

1634.6
1632.2
1650.5

1943.0
1948.7
1976.1

APRIL
MAY
JJNE

359.5
350.5
359.3

373.0
363.9
373.4

25.1
26.3
26.0

19.2
21.8
24.6

1448.5
1445.5
1466.8

16 7 3 . 1
1671.1
1689.4

2006.0
2013.9
2041.7

JJLY
AUG.
SEPT.

365.1
363.2
367.0

379.9
378.6
382.7

25.1
25.2
26.1

28.0
31.2
33.7

1482.2
1486.8
1498.2

1706.1
1716.3
1736.1

2059.2
2071.0
2094.6

OCT.
NOV.
DEC. P

369.7
372.2
381.1

385.5
387.8
397,3

25.6
23.5
24.1

36.9
40.4
43.6

1507.1
1509.9
1526.0

1752.4
1759.1
1779.0

2113.6
2122.7
2141.5

1980-JAN. P

377.4

393.8

24.5

49.2

1535.5

1789.7

P
P
P
P
P

390.3
387.9
382.1
371.7
365.2

406.7
404.6
398.9
388.0
381.2

25.5
24.3
24.1
24.1
24.6

6 P
13 P
20 P

372.9
371.2
368.2

389.1
387.8
384.7

22.8
23.3
24.0

1979-JAN.
FEB.
MAR.

WEEK ENDING:
1980-JAN.

FEB.

NOTE:

2
9
16
23
30

SEE TABLE: 1 FOR FOOTNOTES.




H.6 (508)
Table 2

MONEY STOCK MEASURES AND LIQUID ASSETS
Percent change at seasonally adjusted annual rates
M1-A

Date

Currency
plus demand
deposits 1

M1-B

M2

MI-Aplus
other checkable
deposits at banks
and thrift
institutions^

MI-Bplus
overnight RPs
and Eurodollars,
MMMF shares, and
savings and small
time deposits at
commercial banks
and thrift
institutions*

M3
M2 plus large
time deposits
and term RPs at
commercial banks
and thrift
institutions^

JAN.

FROM •

OCT.

1979

( 3 MONTHS PREVIOUS)

5.0

5.3

6.6

7.4

JULY

1979

( 6 MONTHS PREVIOUS)

5.2

5.8

7.5

9.6

JAN.

1979

112 MONTHS PREVIOUS)

6.4

8.1

8.9

9.5

FEB. 2 0 ,
FOUR WEEKS ENDING:
FROM FOUR WEEKS ENDING:

1980

NOV.

21,

1979

( 1 3 WEEKS PREVIOUS)

6.8

7.3

AUG.

22,

1979

( 2 6 WEEKS PREVIOUS)

6.0

6.4

FEB.

21,

1979

( 5 2 WEEKS PREVIOUS)

7.5

8.8

NOTE:

SEE TABLE 1 PUR H J U I N U l t * .




H.6 (508)
Table 3

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seasonally adjusted unless otherwise noted

[Date

Currency

1

Demand
deposits 2

Other
checkable
deposits 3

Overnight
RPs
(net) 4

Overnight
Eurodollar

NSA

NSA

NSA

Money
market
mutual
funds6
NSA

Savings deposits
at
at
thrift
commercial
institutions
banks

total

Small denomination timp deposits7
at
at
commercial
thrift
total
banks
institutions

1979—JAN.
FEB.
MAR.

98.2
98.9
99.6

251.9
251.1
252.3

9.9
10.8
12.0

20.3
20.9
22.0

2.3
2.6
2.8

12.1
14.5
16.8

212.5
209.9
207.8

255.5
250.7
249.1

468.0
460.6
456.9

193.6
195.6
198.1

352.7
360.3
367.4

546.3
555.9
565.6

APR.
MAY
JUNE

100.2
100.8
101.7

256.0
255.2
258.5

13.5
13.4
14.1

22.4
23.5
23.1

2.8
2.8
2.9

19.2
21.8
24.6

206.6
205.5
206.4

246.0
243.3
243.8

452.6
448.9
450.2

202.6
206.7
211.0

373.7
377.8
381.0

576.3
584.5
592.0

JULY
AUG.
SEPT,

102.6
103.7
104.8

260.6
261.7
262.7

14.8
15.3
15.7

22.0
21.9
22.6

3.0
3.3
3.5

28.0
31.2
33.7

206.6
206.5
204.9

244.4
243.8
240.4

451.0
450.3
445.3

214.1
218.1
221.6

382.9
386.5
392.5

597.0
604.6
614.2

OCT.
NOV.
DEC.

P

105.4
105.9
106.1

262.7
263.7
265.4

15.8
15.7
16.2

22.2
20.3
20.6

3.4
3.2
3.5

36*9
40.4
43.6

202.1
197.1
195.5

233.9
225,1
222.2

435.9
422.2
417.7

226.7
235.1
238.5

400.9
410.8
414.9

627.5
645.8
653.5

1980—JAN.

P

107.3

265.3

16.5

20.3

4.2

49.2

193.6

219.4

413.0

243.7

415.4

659.1

P

106.5
107.2
107.1
107.3
107.7

265.9
266.4
265.0
264.1
265.4

16.4
16.7
16.8
16.3
16.0

21.6
20.2
20.1
19.8
20.4

3.9
4.1
4.0
4.3
4.2

194.9
195.1
193.8
192.9
192.5

240.0
240.9
242.2
245.2
247.3

6 P
13 P
20 P

108.2
107.9
108.3

268.8
268.4
269.1

16.2
16.6
16.5

19.6
20.6
20.5

3.2
2.7
3.5

192.2
191.7
190.8

247.0
248.6
249.6

WEEK ENDING:

1980—JAN.

FEB.

1/
2/
3/
4/
5/
6/
7/

2
9
16
23
30

P
P
P

CURRENCY OUTSIDE THE U.S. TREASURY, F.R. BANKS AND VAULTS OF COMMERCIAL BANKS.
DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE SUE TO DOMESTIC BANKSi THE U.S. GOVERNMENT
AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT.
INCLUDES ATS AND NOW BALANCES AT ALL INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND DEMAND DEPOSITS AT MUTUAL SAVINGS
BANKS.
INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED TO THE NONBANK PUBLIC BY COMMERCIAL BANKS, NET OF AMOUNTS HELD BY MONEY
MARKET MUTUAL FUNDS.
ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. NONBANK CUSTOMERS.
TOTAL MONEY MARKET MUTUAL FUND SHARES OUTSTANDING.
SMALL DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000.




H.6 (508)
Table 3—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seasonally ad usted unless otherwise noted
Large denomination time deposits 1
at commercial
at thrift
Date
banks2
institutions
total

at commercial
banks
NSA

Term RPs3
at thrift
institutions
NSA

total
NSA

Term
Eurodollars
(net)4
NSA

Savings
bonds

Short-term
Treasury
securities^

Bankers
acceptances^

Commercial
paper7

1979—JAN.
FEB.
MAR.

180.4
183.2
181.9

17.0
17.8
18.1

197.4
200.9
200.0

20.2
20.8
21.5

5.9
5.7
5.7

26.1
26.5
27.2

24.4
27.1
28.4

80.6
80.6
80.5

98.8
100.4
108.2

22.4
21.3
21.3

81.2
83.1
85.0

APR.
MAY
JUNE

179.9
178.1
175.0

18.5
19.2
20.4

198.4
197.3
195.4

21.9
23.1
22.9

6.0
6.2
6.6

27.9
29.3
29.5

29. 1
29.6
29.9

86.6
80.6
80.4

114.2
122.3
131.2

21.1
21.0
21.5

86.6
88.2
90.4

JULY
AUG.
SEPT.

175.6
177.5
183.3

21.8
22.9
24.1

197.4
200.4
207.4

21.9
21.9
22.9

7.1
7.6
8.1

29.0
29.5
31.1

31.3
33.8
33.6

80.0
80.0
80.6

128.8
123.2
128.6

22.6
25.0
26.6

91.8
93.6
95.7

3CT.
MOV.
DEC. P

187.8
190.1
188.8

25.9
28.2
30.3

213.6
218.3
219.1

22.7
21.5
22.2

8.3
8.2
8.2

31.0
29.7
30.3

33.5
34.0
31.6

82.2
80.3
80.0

124.4
122.8
127.6

27.2
28.6
28.8

96.4
96.0
97.3

1980—JAN. P

190.0

31.9

221.9

22.1

8.2

30.3

WEEK

ENDING:

1980—JAN.

2P
9 P
16 P
23 P
30 P

187.7
188.0
190.4
190.2
189.8

23.2
22.1
22.0
21.8
22.5

FEB.

6P
13 P
20 P

192.1
192.9
193.0

21.8
22.8
22.8

1/
2/
3/
4/
5/
6/
7/

LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE.
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THRIFT INSTITUTIONS.
TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY AND EXCLUDE CONTINUING CONTRACTS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERM EURODOLLARS HELD BY MONEY MARKET MUTUAL
FUNDS.
INCLUDES U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITY OF LESS THAN 18 MONTHS HELD BY THE NONBANK PUBLIC LESS SUCH
SECURITIES HELD BY MONEY MARKET MUTUAL FUNDS.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, F.R. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LOAN BANK
SYSTEM, AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.




H.6 (508)
Table 3A

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonally adjusted Other checkable deposits

Demand deposits

Currency1

Date

at member
banks2

at domestic
nonmember
banks3

at foreignrelated
banking
offices
in the U.S.4

at

total

commercial
banks5

at thrift
institutions 6

total

Overnight
RPs(net)7

Overnight Money market
Eurodollars mutual funds9

1979—JAN.
FEB.
MAR.

97.5
97.7
98.7

168.5
159.1
160.4

83.3
80.5
81.2

5.4
4.9
5.2

257. 2
244. 6
246. 8

6.8
7.7
8.8

3.1
3.1
3.2

9 .9
10 • 8
12 • 0

20.3
20.9
22.0

2.3
2.6
2.8

12.1
14.5
16.8

APR.

168.5
161.2
166.1

86.2
83.6
86.0

4.9
5.1
5.5

259. 6
249. 9
257. 5

10.1

JUNE

99.9
100.6
101.8

10.5

3.4
3.5
3.6

13 . 5
13 • 4
14 . 1

22.4
23.5
23.1

2.8
2.8
2.9

19.2
21.8
24.6

JULY
AUG.
SEPT.

103.2
103.9
104.5

169.3
167.4
168.2

87*2
86.5
88.6

5.4
5.4
5.7

261. 9
259. 3
262. 4

11.2
11.6
11.9

3.7
3.8
3.8

14 • 8
15 • 3
15 . 7

22.0
21.9
22.6

3.0
3.3
3.5

28.0
31.2
33.7

OCT.
NOV.
DEC. P

105.2
106.6
108.0

169.2
169.7
175.6

89.3
89.9
91.8

5.9
6.0
5.6

264. 5
265. 6
273. 1

12..0
11.8
12.2

3.9
3.9
4.0

15 . 8
15 . 7
16 • 2

22.2
20.3
20.6

3.4
3.2
3.5

36.9
40.4
43.6

106.5

173.7

91.1

6.1

270. 9

12.4

4.0

16 . 5

20.3

4.2

49.2

P
P
P
P

107.1
107.9
106.7
106.0
105.1

182.8
179.6
176.4
169.9
167.1

94.2
94.7
92.9
89.4
86.7

6.2
5.8
6.0
6.4
6.3

283. 2
280. 0
275. 4
265. 7
260. 1

12.4
12.7
12.8
12.3
12.0

4.0
4.0
4.0
4.0
4.0

16 • 4
16 . 7
16 • 8
16 . 3
16 • 0

21.6
20.2
20.1
19.8
20.4

3.9
4.1
4.0
4.3
4.2

6 P
13 P
20 P

107.1
107.2
107.2

169.8
168.1
165.4

89.5
89.5
89.1

6.5
6.4
6.5

265. 8
264. 1
261. 0

12.1
12.5
12.5

4.0
4.0
4.0

16 • 2
16 • 6
16 . 5

19.6
20.6
20.5

3.2
2.7
3.5

MAY

1980—JAN.

P

9.9

WEEK ENDING :
1930—JAN.

FEB.

1/
2/
3/
4/
5/
6/
7/
8/
9/

2
9
16
23
30

P

CURRENCY OUTSIDE THE U.S. TREASURY, F.R. BANKS AND THE VAULTS OF COMMERCIAL BANKS.
DEMAND DEPOSITS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT AT MEMBER BANKS OF THE FEDERAL RESERVE SYSTEM.
DEMAND DEPOSITS OTHER THAN THOSE DUE TO DGMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AT NONMEMBER BANKS.
DEPOSITS AS DESCRIBED IN FOOTNOTE 3 AT AGENCIES AND BRANCHES OF FOREIGN BANKS, EDGE ACT CORPORATIONS AND FOREIGN INVESTMENT
COMPANIES.
NOW AND ATS ACCOUNTS AT BANKS.
NOW ACCOUNTS AT THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED TO THE NONBANK PUBLIC BY COMMERCIAL BANKS NET OF AMOUNTS HELD BY MONEY
MAPxKET MUTUAL FUNDS.
ISSUED BY CARIBBEAN 3RANCHES OF U.S. MEMBER BANKS TO U.S. NONBANK CUSTOMERS.
TOTAL MONEY MARKET MUTUAL FUND SHARES OUTSTANDING.




H.6 (508)
Table 3A-continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonally adjusted
Savings deposits
Date

at commercial
banks

at savings
and loans

at mutual
savings banks

at
credit unions

total

at commercial
banks

Small denomination time deposits'1
at savings
at mutual
at
savings banks
and loans
credit unions

total

1979—JAN.
FEB.
MAR.

211.5
208.7
208.6

134.8
132.0
132.1

69.5
68.0
67.8

49.2
48.3
48.8

465.1
457.1
457.2

193.0
196.2
198.7

283.3
289.1
294.3

69.0
70.9
72.4

2.4
3.0

547.1
558.6
568.4

APR.
MAY
JUNE

208.5
206.9
207.2

131.2
129.9
131.0

67.2
66.5
66.7

48.4
47.5
48.0

455.3
450.9
452.9

202.8
207.5
212.0

298.3
299.2
301.1

73.4
73.6
73.8

4.0
5.0
5.6

578.5
585.3
592.5

JULY
AUG.
SEPT.

207.7
206.7
204.5

132.1
131.4
129.4

66.7
65.9
65.0

47.9
47.2
46.7

454.4
451.1
445.6

214.3
217.9
221.6

302.9
304.0
307.9

74.0
74.3
75.4

6.3
7.1
7.9

597.4
603.3
612.7

OCT.
NOV.
OEC. P

201.3
195.8
193.6

124.6
119.6
118.1

63.0
60.7
59.9

45.5
43.9
43.3

434.6
420.0
414.8

227.1
233.2
236.4

314.4
319.5
322.4

77.1
78.7
79.6

8.7
9.5
10.3

627.3
640.8
648.8

1980--JAN. P

192.7

116.5

59.0

42.2

410.4

243.2

325.7

80.2

11.1

660.2

WEEK ENDING:
1980—-JAN.

FEB.

1/

P
P
P
P
P

193.3
194.6
193.1
192.0
191.2

238.1
240.4
241.4
244.7
247.1

6 P
13 P
20 P

190.9
190.6
189.8

247.3
249.3
250.6

2
9
16
23
30

SHALL DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000.




1.8

H.6 (508)
Table 3A-continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonally adjusted
Large denomination time deposits1
at mutual
at
savings
total
at savings
commercial
banks2
banks
and loans

Date

Term RPs3
at
commercial
banks

at thrift
institutions

total

Term
Eurodollars
(net)4

Savings
bonds

Short-term
Treasury
securities^

Commercial
Bankers
acceptances^
paper7

1979—JAN.
FED.
MAR.

182.9
184.1
183.3

14.8
15.5
15.9

1.8
1.8
1.8

199.5
201.4
201.1

20.2
20.8
21.5

5.9
5.7
5.7

26.1
26.5
27.2

24.4
27.1
28.4

80.6
80.6
80.6

100.7
102.8
109.6

21.6
22.3
22.0

81.0
83.7
85.0

APR.
MAY
JUNE

178.5
177.2
172.4

16.3
17.1
18.6

1.9
2.0
2.1

196.7
196.3
193.1

21.9
23.1
22.9

6.0
6.2
6.6

27.9
29.3
29.5

29.1
29.6
29.9

80.6
80.6
80.6

115.2
122.1
129.0

21.5
21.5
21.8

86.6
89.0
91.1

JULY
AUG.
SEPT.

172.6
176.4
182.0

20.1
21.3
22.4

Z.Z
2.3
2.4

194.9
200.0
206.8

21.9
21.9
22.9

7.1
7.6
8.1

29.0
29.5
31.1

31.3
33.8
33.6

80.6
80.6
80.6

126.5
122.2
123.9

22.5
25.3
26.7

92.2
92.6
93.8

OCT.
NOV.
DEC. P

188.0
191.4
193.1

23.8
25.4
26.8

2.5
2.6
2.7

214.2
219.5
222.6

22.7
21.5
ZZ.Z

8.3
8.2
8.2

31.0
29.7
30.3

33.5
34.0
31.6

80.5
80.3
80.0

124.7
124.7
127.2

27.1
27.6
26.6

95.4
97.1
97.2

1980—JAN. P

192.6

28.4

2.8

223.8

22.1

8.2

30.3

WEEK

ENDING:

1980—JAN.

FEB.

P
P
P
P
P

192.0
191.0
193.0
192.6
192.1

23.2
22.1
22.0
21.8
22.5

6 P
13 P
20 P

193.4
193.9
193.5

zz.e

2
9
16
23
30

21.8
22.8

1/

LARGE

2/

LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THRIFT
INSTITUTIONS.
TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY AND EXCLUDE CONTINUING CONTRACTS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERM EURODOLLARS HELD BY MONEY MARKET MUTUAL
FUNDS*
INCLUDES U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITY OF LESS THAN 18 MONTHS HELD BY THE NONBANK PUBLIC LESS SUCH
SECURITIES HELD BY MONEY MARKET MUTUAL FUNDS.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, F.R. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LOAN BANK
SYSTEM, AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.

3/
4/
5/
6/
7/

DENOMINATION TIME DEPOSITS ARE FHOSE
ISSUED I N AMOUNTS OF
"




H 0 0 . 0 0 0 1DR MORE.

H.6 (506)
Table 4

MEMORANDA ITEMS
Billions of dollars, not season*illy adjusted
at Danks due to
Date

foreign commercial
banks

foreign official
institutions

Time and savings
deposits due to
foreign commercial
banks and foreign
official institutions

1979-JAN.
FEB.
MAR.

10.3
10.2
9.7

2.6
2.7
2.7

11.6
11.0

APR.
MAY
JUNE

9.5
10.1
10.6

JULY
AUG.
SEPT.

U.i

demand clepositsat
~9*j9Tm nvserve
commercial banks
Banks

»• yuvviiiiiiviii uvuuvi

note balances at
commercial
banks and thrift
institutions

*
total demand
deposits and
note balances

time and
savings deposits at
commercial banks

10.9

2.6
2.5
2.5

3.4
3.5
3.1

9.5
5.9
4.1

15.4
11.9
9.6

0.9

2.8
3.1
3.2

10.5
10.0
9.9

2.6
2.4
3.5

2.8
3.3
3.3

2.7
6.0
7.3

8.2
11.7
14.1

0.9
1.0
1.0

11.0
10.7
11.3

3.0
2.9
2.7

9.7
9.5
9.7

2.2
2.3
2.7

3.3
3.0
3.9

11.0
7«5
9.7

16.5
12.8
16.3

1.0
1.0
1.0

OCT.
NOV.
OEC. P

11.4
11.5
12.0

2.6
3.1
3.3

9.2
8.7
9.5

2.1
2.2
2.5

3.3
3.0
3.0

9.6
3.3
6.9

15.0
8.6
12.5

1.0
1.0
1.0

1980-JAN. P

11.7

3.4

9.2

2.8

3.1

9.6

15.5

1.0

12.1
11.6
12.3
10.6
12.0

3.2
3.3
3.5
3.4
3.5

9.7
9.8
9.1
8.9
8.8

2.5
3.2
2.4
3.2
2.5

3.6
2.8
3.3
3.1
3.0

12.6
7.1
6.0
10.3
14.2

18.7
13.1
11.7
16.5
19.7

1.0
1.0
1.0
0.9
0.9

11.8
11.9
11.9

3.3
3.2
3.2

8.8
8.7
8.7

2.9
1.9
2.6

3.0

3.7
3.4

10.3
7.6
8.4

16.2
13.2
14.4

0.9
0.9
0.9

1.0
1.0

MEEK END I N G l
1980—JAN,

FEB.




2
9
16
23
30

1
f
1
f
f

6 f»
13 f>
20 f >

SPECIAL SUPPLEMENTARY TABLE*
Money Market CertificatesAll Insured Commercial Banks and All Mutual Savings Banks
As of December 26, 1979 and January 30, 1980

Commercial
Banks!/

4/
Amount outstanding-1
(millions of dollars)
Number of institutions
offering
Percent of offering
institutions paying the
ceiling rate during the
survey week

*

Mutual Savings
Banksl/

December 26

January 30

December 26

January 30

103,246

116,114P

34,416

35,915P

13,461

13,402p

461

461 P

93.2

97.0H

99.4

95.6F

o

The survey collecting these data has been conducted as of the last Wednesday of each
month since June 1978.
If Money market certificates (MMCs) are nonnegotiable time deposits in denominations of
$10f000 or more with original maturities of exactly 26 weeks for which the maximum permissible rate of interest on new deposits at commercial banks is equal to the discount
yield on the most recently issued six-month Treasury bill (auction average). The
ceiling rate for mutual savings banks (MSBs) is 1/4 percent higher when the 6-month
Treasury bill rate is 8-3/4 percent or less. The 1/4 percent point differential is
removed when the 6-month bill rate is 9 percent or more. MSBs may pay a maximum 9
percent when the 6-month bill rate is between 8-3/4 and 9 percent. See page A10 in
the Federal Reserve Bulletin for ceiling rates that existed at the time of each survey.
MMCs were authorized begininng on June 1, 1978.
2/ Estimates for all insured commercial banks in January are based on data collected by
the Federal Reserve and the FDIC from a stratified random sample of about 489 Banks.
ZJ Estimates for all mutual savings banks in January are based on data collected by
the FDIC from a stratified random sample of about 65 banks*
4/ For January 30, the standard error associated with the dollar estimates for commercial
banks is about $2.0 billion, and for mutual savings banks the standard error is about
$850 million. For December 26 the standard errors for commercial banks and mutual
savings banks are $1.8 billion and .$850 million, respectively.