Full text of H.6 Money Stock Measures : April 17, 1981

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FEDERAL RESERVE statistical release
For Immediate Release
H.6 (508)
APR.

Table 1

17,

1981

MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seasonally adjusted unless otherwise noted
M1-B
M1-A

Currency
plus demand
deposits1

Date

MI-Aplus
other checkable
deposits at banks
and thrift
institutions

Addenda:

Overnight RPs
at commercial
banks plus
overnight
Eurodollars 2

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 4
commercial banks
and thrift institutions

L

M3 plus other
liquid assets5

372.9

391.4

26.3

60.9

1554,6

1813.0

2203.8

APB.
HAY
JONE

366.7
367.1
370.9

386.3
386.1
391,3

22.1
23.3
24.6

60.4
66.8
74.2

1550.4
1563.7
1587.6

1811-9
1825.7
1846.2

2213.3
2229.8
2242.7

JULY
AOG.
SEPT.

373.5
379.5
383.4

395.5
402.7
408.0

29.1
31.6
33.0

80.6
80.7
78.2

1612-5
1632.5
1644.4

1867.7
1889.5
1904.6

2258-2
2282.7
2306.5

OCT.
NOV. P
DEC. P

386.3
388.4
384.8

412.0
415.0
411.9

32.5
32.6
32.1

77.4
77.0
75.8

1656.5
1670.8
1673.4

1921.8
1946.1
1957.9

2319.1
2346.5
2370.9

372.8 6 /
366.0 6 /
364.8 6 /

41S.0 6/
417.3 6 /
421.6 6/

32.6
31.9
32.9

80.7
92.4
105.6

1681.4
1692.2
1714.2

1978.9
1993.6
2007.2

2393.3

P
P
P
P

365,7
365.5
363.7
363,3

419.9
421.8
420.4
420.5

35.6
34.0
32.1
30.4

98.0
101.2
104.9
109.1

1P
8 P

365.1
365.3

423.9
428,7

33.7
31.6

112.3
115.7

1980-MAR.

1981-JAN- P
FEB. P
MAR. P

WEEK ENDING:

1981-HAR.

APR.

4
11
18
25

INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DOE 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.
OVERNIGHT (AND CONTINUING CONTRACT) RPS ARE THOSE ISSUED BY COMMERCIAL BANKS TO THE NONBANK PUBLIC, AND
2/
OVERNIGHT EURODOLLARS ARE THOSE ISSUED BY CARIBBEAN BRANCHES OF MEMBER BANKS TO U.S. NONBANK CUSTOMERS.
SMALL DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. M2 WILL DIFFER FROM
3/
THE SUM OF COMPONENTS PRESENTED IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE
AMOUNT OF DEMAND DEPOSITS HELD BY THRIFT INSTITUTIONS AT COMMERCIAL BANKS.
LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE AND ARE NET OF THE HOLDING.'
OF DOMESTIC BANKS, THRIFT INSTITUTIONS, THE U.S. GOVERNMENT, MONEY MARKET MUTUAL FUNDS AND FOREIGN BANKS ANl
OFFICIAL INSTITUTIONS.
OTHER LIQUID ASSETS INCLUDE THE NONBANK PUBLIC'S HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY
5/
SECURITIES, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND TERM EURODOLLARS NET OF MONEY MARKET MUTUAL FUND
HOLDINGS OF THESE ASSETS.
THE OBSERVED DATA FOR M1-A AND M1-B SINCE THE BEGINNING OF THE YEAR HAVE BEEN AFFECTED BY SHIFTS OF FUNDS
6/
OUT OF DEMAND DEPOSITS AND OTHER ACCOUNTS INTO NOW ACCOUNTS. ADJUSTMENTS NEED TO BE MADE TO THE OBSERVED
SERIES TO MEASURE THE UNDERLYING BEHAVIOR OF THE NARROW MONEY SUPPLY, ABSTRACTING FROM SUCH SHIFTS.
INFORMATION CURRENTLY AVAILABLE FROM A NUMBER OF SOURCES—SUCH AS SAMPLES OF DEPOSITORY INSTITUTIONS AND
HOUSEHOLDS—SUGGESTS THAT THE INCREASE IN OTHER CHECKABLE DEPOSITS IN EXCESS OF "TREND" COMING FROM
DEMAND DEPOSITS DURING THE FIRST THREE MONTHS OF THE YEAR WAS AS FOLLOWS: ABOUT 75 TO 80 PERCENT IN
JANUARY AND 70 TO 75 PERCENT IN FEBRUARY AND MARCH. THUS, THE SHARE COMING FROM SAVINGS ACCOUNTS AND
OTHER NON-DEMAND DEPOSIT SOURCES WAS: ABOUT 20 TO 25 PERCENT IN JANUARY AND 25 TO 30 PERCENT IN FEBRUARY
AND MAPCH. BASED ON THE MID-POINTS OF THESE RANGES, THE OBSERVED CHANGE IN H1-B WOULD APPEAR TO BE LARGER
AS A RESULT OF SHIFTS FROM ASSETS OTHER THAN DEMAND DEPOSITS TO NOW ACCOUNTS BY $3.6 BILLION IN JANUARY,
BY $2.1 BILLION IN FEBRUARY, AND BY S1.5 BILLION IN MARCH, IMPLYING ADJUSTED H1-B GROWTH RATES OF 1.5 PERCENT IN JANUARY, -2.3 PERCENT IN FEBRUARY, AND 8.2 PERCENT IN MARC". FOR M1-Ar ADJUSTED GROWTH RATES ARE
1.2 PERCENT IN JANUARY, -3.7 PERCENT IN FEBRUARY, AND 8.8 PERCENT IN MARCH. THESE ESTIMATES ARE SUBJECT
TO REVISION AS MORE INFORMATION BECOMES AVAILABLE.
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.
1/




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

Addenda:

M1-B
MI-Aplus
other checkable
deposits at banks
and thrift
institutions

Overnight RPs
at commercial
banks plus
overnight
Eurodollars 2

Money market
mutual fund
shares

M3
M2
M1-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
institutions4
commercial banks
and thrift
institutions

L

M3 plus other
• iquid assets^

1980-HAF.

366.1

384.6

26.3

60.9

1551.4

1810.7

2204.5

APR.
HAY
JUNE

370.0
361.5
369.7

389.6
380.5
390.2

22.1
23.3
24.6

60.4
66.8
74.2

1558.6
1560.8
1589-4

1818.1
1821.7
1845.6

2221,3
2224.1
2241.0

JULY
AUG.
SEPT.

375.5
377.3
382.6

397.5
400.5
407.2

29.1
31.6
33.0

80.6
80.7
78.2

1618.0
1629.5
1642.3

1870.8
1886.6
1902.3

2259.6
2278.6
2296.2

OCT.
NOV. P
DEC. P

388.0
391.1
394.7

413.7
417.7
421.8

32.5
32.6
32.1

77,4
77,0
75,8

1656.9
1665.7
1674.8

1923.1
1942.1
1962.8

2319.0
2344.7
2372.4

1981-JAN. P
FEB. P
NAB. P

377.3
358.2
358.3

420.6
409.4
415.1

32.6
31.9
32.9

80.7
92.4
105.6

1684.8
1685.3
1711.8

1984.3
1986.6
2005.6

2 400.5

P
P
P
P

358.8
361.1
359.2
353.3

413.0
417.4
415.9
410-5

35.6
34.0
32.1
30.4

98.0
101.2
104,9
109,1

1P
8 P

358.7
369.7

417.5
433.1

33.7
31.6

112.3
115.7

WEEK ENDING:

1981-HAR.

APR.

NOTE:

4
11
18
25

SEE TABLE 1 FOR FOOTNOTES.




H.6 (508)
Table 2

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

Date

SAR.

FROM:

DEC.

19 80

(3 MONTHS PREVIOUS)

SEPT.

1980

(6

WAR.

1980

(12 MONTHS PREVIOUS)

MONTHS PREVIOUS)

APR.
FOUR WEEKS ENDING:
FROM POOR WEEKS ENDING:

8r

M1-A

M1-B

Currency
plus demand
deposits1

MI-Aplus
other checkable
deposits at banks
and thrift
institutions

9.8

10.1

-9.7

6.7

8.5

10.8

-2.2

7.7

10.3

10.7

10.6

1981

1981

( 1 3 WEEKS PREVIOUS)

-19.5

OCT.

8,

1980

(26 WEEKS PREVIOUS)

-10.1

7.2

1980

(52 WEEKS PREVIOUS)

-2.0

8.4

SEE TABLE 1 FOR FOOTNOTES.




M2 plus large
time deposits
and term RPs at
commercial banks
and thrift /
:
institutions4

9.4

7,

NOTE:

M3

-20.8

JAN.

APR.

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

H.6 (508)
Table 3

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seasonally adjusted unless otherwise noted
Currency1

Date

Demand
deposits2

Other
checkable
deposits 3

Overnight
RPs
(net) 4

Overnight
EurodollarsS

NSA

NSA

NSA

Money
market
mutual
funds6
NSA

at
commercial
banks

Savings deposits
at
thrift
institutions

total

Small denomination time deposits?
at
at
commercial
thrift
total
banks
institutions

108.9

264.0

18.4

22.7

3.6

60.9

182.7

210.6

393.3

260.2

425.4

685.7

APS.
HAY
JUNE

109.0
110.2
111.0

257.7
256.9
259.9

19.5
19.0
20.4

19.4
20.5
21.7

2.7
2.8
2.9

60.4
66.8
74.2

176.3
175.6
180.6

203.1

199.6
204.0

379.4
375.2
384.6

271.5
274.7
274.0

433.8
440.6
441.8

705.3
715.3
715.8

JULY
AUG.
SEPT.

112.1
113.5
113.9

261.4
266.0
269.5

22.0
23.2
24.6

25.5
27.9
29.2

3.6
3.7
3.7

80.6
80.7
78.2

186.5
190.6
192.0

211.5
217.5
220.1

398.0
408.1
412.1

273.3
273.5
275.0

439.1
439.1
441.4

712.4
712.6
716.4

OCT.
ROV. P
DEC. P

115.1
115.8
116.4

271.2
272.6
268.4

25.7
26.6
27.1

28.1
27.9
27.6

4.4
4.7

4.6

77.4
77,0
75.8

193.6
192.2
185.8

220.6
215.6
207,8

414.2
407.8
393.6

277.6
284.9
29 4,3

446.1
456.7
468.9

723.6
741,6
763.2

1981-JAN. P
FEB. P
NAB. P

116.6
117.3
117.9

256.2
248.8
246.9

43.3
51.2
56.9

27.4
26.9
28.4

5.1
4.9
4.4

80.7
92.4
105.6

177.3
173.0
170.9

199.9
194.4
192.0

377.2
367.5
362.9

303.2
307.7
311.8

474.8
478.7
482.6

778.0
786-5
794.4

25 P

117.7
117.4
117.9
118.0

248.0
248.2
245.8
245-3

54.2
56.3
56.7
57.3

30.9
29.8
27.5
26.3

4.7
4.2
4.5
4.2

98.0
101.2
104.9
109.1

171.3
171.4
170.7
170.5

310.4
311.0
311.7
312.3

1 P
8 P

118.4
118.2

246.7
247.1

58.8
63.4

29.0
27.5

4.7
4.1

112.3
115.7

171.1
171.9

312.7
312.4

1980-MAB.

WEEK

ENDING:

1981-MAR.

APR.

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

4 P
11 P
18 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 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.
INCLUDES ATS AND NOW BALANCES AT ALL INSTITUTIONS, CREDIT UNION SHA T E DRAFT BALANCES AND DEMAND DEPOSITS AT MUTUAL SAVINGS
BANKS.
INCLUDES OVERNIGHT AND CONTINUING CONTRACT PPS 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 CUSTOMERSTOTAL 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 OT aoiiars, seasonally aa usxea unless oinerwise notea
Large denomination time deposits'!
at commercial
Date
at thrift
banks2
institutions
total

Term RPs3
at commercial
banks
NSA

at thrift
institutions
NSA

total
NSA

Term
Eurodollars
(net)4
NSA

Savings
bonds

Short-term
Treasury
securities^

Bankers
acceptances^

Commercial
paper7

1980-MAR.

195.4

34.1

229.5

22.2

6,7

28.9

49.2

76.8

137.2

27.9

99.8

APR,
MAY
JUNE

197.5
197.2
192.7

34.9
35.9
35.9

232.4
233.1
228.6

22.5
22.5
23.5

6.7
6.5
6.5

29.1
28.9
30.0

49.9
50.3
48.9

75.2
74,0
73.3

147.2
152,1
148.7

28.5
28.3
29-1

100.6
99.5
96.5

JULY
AUG.
SEPT.

187.8
186.6
189.0

36.2
36.7
37.8

224.0
223.3
226.8

24.7
27.3
26.4

6.5
6.5
7.0

31.1
33.8
33.5

48.4
48.4
45.2

72,8
72.6
73.2

144.7
147.2
154. 8

28.9
28.5
30.0

95,8
96.6
98.7

OCT.
NOV. P
DEC. P

190.4
197.5
204.7

39.4
41.3
43.3

229.8
238.8
248.0

28.0
28.9
28.9

7.5
7.5
7.6

35.5
36.5
36.5

43. 6
46.1
48.4

74.6
72.9
72.8

149.1
149.7
157.6

31.0
32.5
34.2

99.0
99.2
100.1

1981-JAN- P
FEB. P
WAR. P

214.2
218.0
212.0

44.6
45.5
45.3

258.8
263.5
257.3

31.1
30.5
28.5

7.8
7.4
7.3

38.8
37.9
35.8

49.9

71.9

160.3

33.2

99.1

WEEK E N D I N G :

1981-MAR.

APR.

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

P
P
P
P

216.2
213.3
213.9
212.3

28.1
28.9
27.9
28.0

1 P
8 P

211.5
206.6

29.2
27.3

4
11
18
25

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 AVD EXCLUDE CONTINUING CONTRACTS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE &AY NET OP TERM EURODOLLARS HELD BY HONEY 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
Other checkable deposits

Demand deposits
1

Currency

Date

at member
banks2

at domestic
nonmember
banks3

at foreignrelated
banking
offices
in the U.S.4

total

at
commercial
banks5

at thrift
institutions 6

total

Overnight
RPs(net)7

Overnight Money market
Eurodollars8 mutual funds9

1980-MAR.

107.9

164.9

86.5

6.7

258.2

13.9

4.6

18.4

22.7

3.6

60.9

APE.
WAY
JUNE

108.7
109.9
111.2

168.6
161.3
166.1

87.0
84.3
86.2

5.7
5-9
6.3

261,3
251.5
258-6

14-8
14.2
15.5

4-8
4.8
4-9

19.5
19.0
20.4

19-4
20.5
21.7

2.7
2.8
2.9

60.4
66.8
74.2

JULY
AUG.
SEPT.

112.7
113.7
113.7

167.9
169.2
173.1

87.9
88.3
89.9

6.9
6.1
5.9

262.7
263.6
268.9

16.9
18.0
18.9

5.1
5.2
5,6

22.0
23.2
24.6

25.5
27.9
29.2

3.6
3.7
3.7

80.6
80.7
78,2

OCT.
NOV. P
DEC. P

114.9
116.6
118.5

175.7
175-7
177.2

91.5
92.7
92.7

5.9
6.1
6.2

273. 1
274.5
276.2

19.8
20.6
21.0

5.9
6.0
6.1

25.7
26.6
27.1

28. 1
27.9
27.6

a. 4
4.7
4.6

77.4
77-0
75,8

1981-JAN- P
FEB. P
MAR. P

115.8
115.9
116.8

166.1
151.3
151.0

89.6
85.2
84.8

5.9
5.7
5-6

261.5
242.3
241.4

34.7
41.4
46.0

8.6
9.9
10.8

43-3
51.2
56.9

27.4
26.9
28.4

5.1
4.9
4.4

80.7
92.4
105.6

P
P
P
P

116.0
117.4
117.1
116.6

151.5
152.3
151.4
147.6

85.1
85.8
85.2
83.5

6.1
5.7
5.5
5-6

242.8
243.7
242. 1
236.7

43.9
45-6
46.0
46.4

10.3
10.7
10.7
10-9

54.2
56.3
56.7
57.3

30.9
29.8
27.5
26.3

4.7
4.2
4.5
4.2

98.0
101.2
104-9
109.1

1 P
8 P

116.8
119.1

151.8
156.9

84.6
88.3

5.6
5.4

242.0
250.6

47.6
51.6

11.2
11.8

58.8
63.4

29.0
27.5

4.7
4.1

112.3
115.7

WEEK ENDING:
1981-MAR.

APR.

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

4
11
18
25

CURRENCY OUTSIDE THE 0*. S. TREASURY, F.R. BANKS AND THE VAULTS OP 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 DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AT NONWEMBER BANKS.
DEPOSITS AS DESCRIBED IN FOOTNOTE 3 AT AGENCIES AND BRANCHES OF FOREIGN BANKS, EDGE ACT CORPORATIONS AND FOREIGN INVESTMENT
COMPANIES.
NOi AND ATS ACCOUNTS AT BANKS.
NOH 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
MARKET MUTUAL FUNDS.
ISSUED BY CARIBBEAN BRANCHES 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
Date

at commercial
banks

at savings
and loans

Savings deposits
at mutual
savings banks

at
credit unions

total

at commercial
banks

Small denomination time deposes1
at
at mutual
credit unions
savings banks

at savings
and loans

iota!

183.4

111.1

56.3

42.9

393.6

261.0

333.8

83.3

10.9

689.0

APR.,
MAY
JUNE

178.0
176.7
181.2

106.8
104.8
108.3

54.3
53.2
54.2

42.7
42.2
43.2

381,8
376.9
386.9

271.8
275.8
275.4

339.3
341.7
341.7

85.6
86.3
87. 1

11.2
12.0
12.4

707.9
716.4
716.6

JULY
AUG.
SEPT.

187.6
190.8
191.6

112.9
116.0
117.7

55.7
56.6
57.0

44.9
45-5
"6.0

401.0
408.8
412.4

273.6
273.2
275.0

340.2
338.5
339.8

86.9
86.8
87.3

12.2
12.6
12.7

712,9
711. 1
714.9

OCT.
NOV. P
DEC. P

192.9
191.0
184.1

117.2
113.9
109.0

56.7
55.4
53.5

46.2
45.4
44.2

412.9
405.8
390.9

278.4
282.7
291.3

343.7
349-1
358.0

88.5
90.0
92.6

13.1
14.1
15.5

723.7
735.9
757.4

1981-JAN. P
FEB. P
MAR. P

176.5
172.1
171.6

103.7
100.5
101. C

51.7
50.2
49.0

43.0
41.9
41.7

374.9
364.7
363.3

302.6
308.7
312.8

365.3
367.9
369.1

94.8
96.2
98.2

16.5
17.4
18.2

779.2
79 0.2
798.2

1980-MAR.

WEEK ENDING:

1981-MAR.

APP.

1/

P
P
P
P

170.7
171.4
171.3
171.6

311.6
312.3
313.2
313.2

1 P
8 P

172.7
174.4

313.0
312.4

4
11
18
25

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




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
at savings
commercial
total
savings
banks2
and loans
banks

Date

Term RPs3
at
commercial
banks

Term

at thrift

total

institutions

Eurodollars
(net)4

Savings
bonds

Short-term
Treasury
securities5

Bankers
acceptances^

Commercial
paper?

1980-MAR.

197.0

30.6

2.8

230.4

22.2

6.7

28.9

49.2

76.8

139.0

28.9

99.8

APR.
HAY
JUNE

195.9
196.2
189.8

31.6
32-8
33.5

2.9
2.9
2.9

230.4
231.9
226.2

22.5
22.5
23.5

6.7

6.5
6.5

29.1
28-9
30.0

49.9
50.3
48.9

75.1
73.9
73.5

T48.5
151.9
146.2

29.0
29.0
29.4

100.7
97-4
97 * 3

JULY
AUG.
SEPT.

184.6
185.4
187.7

34.1
35.0
35.9

2.9
2.9
2.9

221.7
223.3
226.5

24.7
27.3
26.4

6.5
6.5
7.0

31.1
33.8
33.5

48.4
48.4
45.2

73.3
73.2
73.1

142.1
146.0
148.8

28.8
28.8
30.0

96.2
95.6
96.8

OCT.
NOV. P
DEC. P

190.6
198.9
209.4

37.1
38.0
39.1

3.0
3.0
3.0

230.7
2 40.0
251.5

28.0
28.9
28~9

7.5
7.5
7.6

35.5
36.5
36.5

43.6
46.1
48.4

73.0
72.9
72.7

149.4
152.0
157.0

30.8
31-3
31.4

98-1
100-3
100.0

1981-JAN. P
FEB. P
MAR. P

217.2
219.0
213.7

40.4
41.1
41.2

3.1

260.7
263.4
258.0

31.1
30.5
28«5

7.8
7-4
7.3

38.8
37.9
35.8

49.9

71.9

16 3.5

3.3
3.2

32.1

96.8

WEEK ENDING:

1981-HAR.

APR.

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

P
P
P
P

217.8
215.2
215.5
214.1

28.1
28.9
27.9
28.0

1 P
8 P

213.0
206.6

29.2
27.3

4
11
18
25

LARGE DENOMINATION TIME DEPOSITS APE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE.
LARGE DENOMINATION TIME DEPOSITS \? 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 HONEY MARKET MUTUAL FUNDS.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, F.R. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOMB LOAN BANK
SYSTEM, AND HONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS,




H.6 (508)
Table 4

MEMORANDA ITEMS
Billions of dollars, not seasonally adjusted
Demand deposits at banks due to
foreign commercial
banks

Date

foreign official
institutions

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

U.S. government deposits
note balances at
Federal Reserve
commercial
Banks
banks and thrift
institutions

demand deposits at
commercial banks

total demand
deposits and
note balances

time and
savings deposits at
commercial banks

1980-HAR.

12.8

3.2

9.4

2.7

2.7

5.1

10.5

0.9

APR.
NAT
JUNE

12.4
13.0
11.9

3.8
3.7
3.2

10.1
10.5
11.1

3.6
2.6
3.2

2.6
2.8
2.9

5.4
5.9
6.8

11.7
11.3
13.0

0.9
0.9
0.8

JOLT
AUG.
SEPT.

11.8
11.2
11.3

3.3
3.2
2.9

11.1
11.1
11.4

3.2
2.8
3.2

3. 1
3.3
3.3

6. 1
6.5
11.0

12.4
12.6
17.4

0.8
0.8
0.9

DEC. F

11.5
11.9
12.0

3.0
3.4
3.6

11.6
11.5
11.7

3.0
2.5
2.7

3.2
3.0
2.7

9.7
4.1
6.3

16.0
9.6
11.7

0.8
0.8
0.8

1981-JAN. P
FEB. P
BAR. P

11.3
12.2
11.4

3.4
3-5
3.2

11.6
11.5
11.4

2.8
2.7
2.7

3.2
3.3
3.0

5.1
5.4
7.5

11.1
11.4
13.2

0.8
0.8
0.8

P
P
P
P

10.6
11.7
11.1
11.3

3.6
3.2
3.3
2.8

11.2
11.2
11.4
11.5

2.7
2.5
4.0
2.3

2.7
3.0
3. 1
3 .2

6.9
3.9
5.9
11.2

12.3
9.4
13.0
16.7

0.8
0.8
0.8
0.8

1 P
8 P

12.3
11.1

3.5
3.5

11.4
11.2

1.9
3.6

2.9
2.9

9.7
7.3

14.5
13.8

0.8
0.8

OCT.
I»DV.

F

WEEK EHDING:
1981-HAR.

APB.




4
11
18
25

SPECIAL SUPPLEMENTARY TABLE
Variable Ceiling Time Deposits at All Insured
Commercial Banks and All Mutual Savings Banks
January 28, 1981, February 25, 1981, and March 25, 1981
(Not seasonally adjusted)1*
Insured Commercial Banks
January 28
February 25
March 25

Mutual Savings Banks
January 28
February 25
March 25

Amount outstanding:
(millions of dollars)
2
6-month money market certificates
(Standard error of the estimate)
2-1/2 year and over variable
ceiling certificates^
(Standard error of the estimate)

188,382
(1,800)

192,718
(2,054)

198,224
(2,260)

49,825
(647)

51,493
(499)

51,969
(483)

31,991
(821)

33,870
(855)

34,924
(957)

12,918
(516)

13,014
(335)

13,480
(430)

14,213

14,298

14,291

461

462

462

14,213

14,298

14,291

461

462

462

96.0

95.5

95.3

97.5

98,5

100.0

Number of offering institutions:
6-month money market certificates
2-1/2 year and over variable
ceiling certificates

2

Percent of offering institutions
paying the ceiling rate during
the survey period:
\__
2-1/2 year and over variable
ceiling certificates

1. Estimates for March are based on data collected by the Federal Reserve and the FDIC from a stratified random sample
of 501 commercial banks and 88 mutual savings banks.
2. Money market certificates (MMCs) are nonnegotiable time deposits in denominations of $10,000 or more with original
maturities of exactly 26 weeks for which the maximum permissible rate of interest on new deposits is related to the
discount yield on the most recently issued 6-month Treasury bill (auction average). See Table 1.16 in the Federal
Reserve Bulletin for specific ceiling rates.
3. This category includes all 4-year and over variable ceiling accounts having no legal minimum denomination issued
between July 1 and December 31, 1979 and all such 2-1/2 year and over variable ceiling accounts issued since January 1,
1980. See Table 1.16 in the Bulletin for specific ceiling rates.