Full text of H.6 Money Stock Measures : April 24, 1981
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FEDERAL RESERVE statistical release For Immediate Release H.6 (508) APR. 24, 1981 Table 1 MONEY STOCK MEASURES AND LIQUID ASSEtS Billions of dollars, seasonally adjusted unless otherwise noted M1-A M1-B Currency plus demand deposits1 Date 1 *"• 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 *• commercial banks and thrift 3 institutions L M3 plus other liquid assets5 1980-MAF.. 372.9 391.4 26.3 60.9 1554.6 1813.0 2203.8 APR. HAY JUNE 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 AUG. SEPT. 373.5 37S.5 383.4 395.5 402.7 408.0 29.1 ji.6 80.6 80.7 78.2 1612.5 1632.5 1644.4 1867.7 1889.5 1904.6 2258.2 2282.7 2306.5 386.3 388.a 384.8 412.0 415.0 32.5 32.6 32.1 77.4 77.0 7£.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 / 32.6 31.9 32.9 80.7 92.4 105.6 1681.4 1692.2 1714.1 1978.9 1993.6 2007.1 2393.4 417.3 6 / 35.6 OCT. NOV. DEC. P P 1981-JAN. P FEB. BAR. WEEK 411. S 416.0 421.6 6/ 6/ ENDING: 1981-HAR. APR. 1/ P P 33.0 P P P P 365.7 365.5 363.7 363.3 419.9 421.8 420.4 32.1 420.5 30.4 98.0 101.2 104.9 109.1 1 P 8 P 15 P 365.1 365.6 363.4 423.9 429.1 429.0 33.7 31.6 32.1 112.3 115.7 117.3 4 11 18 25 34.0 INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOFEIGN 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. 2/ OVERNIGHT (AND CONTINUING CONTRACT) RPS ARE THOSE ISSUED BY COMMERCIAL BANKS TO THE NONBANK PUBLIC, AND OVERNIGHT EURODOLLARS ARE iHOSE ISSUED BY CARIBBEAN BRANCHES OF HESBER BANKS TO U.S. NONBANK CUSTOMERS. 3/ SMALL DENOMINATION 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 REPRESENTS THE AMOUNT OF DEMAND DEPOSITS HELD BY THRIFT INSTITUTIONS A? COMMERCIAL BANKS. 4/ LARGE DENOMINATION TIME DEPOSITS ARE 1HCSE 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. 5/ OTHER LIQUID ASSETS INCLUDE THE NONBANK PUBLIC'S HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND TERM EURODOLLAFS NET OF MONEY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS. 6/ THE OBSERVED DATA FOR M1-A AND ?11-B SINCE THE BEGINNING OF THE YEAR HAVE BEEN AFFECTED BY SHIFTS CF FUNDS OUT OF DEMAND DEPOSITS AND OTHER ACCOUNTS INTO NOW ACCOUNTS. ADJUSTMENTS NEED TO BS 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 IHE INCREASE IN OTHER CHECKABLE DEPOSITS IN EXCESS OF "TREND" COMING FROM DEMAND DEPOSITS DURING THE FIPST THREE MONTHS OF THE YEAR WAS AS FOLLOWS: ABGUT 75 TO 80 PERCENT IN JANUARY AND 70 TO 75 PERCENT IN FEBEUAPY AND MAPCH. 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 MARCH. BASED ON THE MID-POINTS OF THESE RANGES, THE OBSERVED CHANGE IN M1-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 $1.5 BILLION IN MARCH, IMPLYING ADJUSTED M1-B GROWTH RATES OF 1.5 PERCENT IN JANUARY, -2.3 PERCENT IN FEBRUARY, AND 8.2 PERCENT IN MARCH. FOR M1-A, 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. 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 19bO-HAK. M1-B 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 M2 M3 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 3 institutions L M3 plus other liquid assets*' 366. 1 384.6 26.3 60.9 1551.4 1810.7 2204.5 APP. NAY JONE 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 222a.1 22U1.0 JULY AOG. 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 2273.6 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 1962.3 2318.') 2344.7 2372.* 1581-JAN. P FEB. P MAP. 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 1711.7 1984.3 1986.6 2005.5 2 40 0 . 7 ? 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 99.0 101.2 104.9 109.1 1 P 8 P 15 P 358.7 370.0 371.5 417.5 433.5 437.2 33.7 31.6 32.1 112.3 115.7 117.3 WEEK ENDING: 1981-BAR. APfi. NOTE: 4 11 18 25 SEE TABLE 1 FOR FOOTNOTES. H.6 (508) Table 2 MONEY STOCK MEASURES AND LIQUID ASSETS Percent change af seasonally adjusted annual rates Date MIA M1-B Currency plus demand deposits1 MVAplus other checkable deposits at banks and thrift institutions M2 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 ^ MAR. FROM: DEC. 1980 (3 MONTHS PREVIOUS) -20.8 9.4 9.7 10.1 SEPT. 1980 (6 MONTHS PREVIOUS) -9.7 6.7 8.5 10.8 MAR. 1980 ( 1 2 MONTHS -2.2 7.7 10.3 10.7 APR. FOUR WEEKS E N D I N G : FEOM FOUR WEEKS ENDING: JAN. PREVIOUS) 15, 1981 1981 ( 1 3 WEEKS PREVIOUS) -16.5 11.8 OCT. 15, 1980 (26 WEEKS PREVIOUS) -10.3 8.0 APR. 16, 1980 ( 5 2 WEEKS PREVIOUS) -1.6 9.3 NOTE: SEF ^ B L E 1 FOR FOOTNOTES. H.6 (508) Table 3 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, seasonally adjusted unless otherwise noted Currency1 Date Demand deposits 2 Other checkable deposits 3 Overnight RPs (net) 4 Overnight Eurodollar NSA NSA NSA Money market mutual funds 6 NSA at commercial banks Savings deposits at thrift institutions total Small denomination time deposits7 at at total thrift commercial institutions banks 108.9 264.0 18.4 22.7 3.6 60.9 182.7 210.6 393.3 260.2 425.4 685.7 APR. HAY JUNE 109. 110. 111, 257.7 256.9 259.9 19.5 19.0 20.4 19.4 20. 21. 2.7 2.8 2.9 60.4 66.8 74.2 176.3 175.6 180.6 203.1 199.6 204.0 379.4 375.2 334.6 271.5 274.7 274.0 433.8 440.6 441.8 705.3 715.3 715.8 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, 80. 78. 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. NOV. P DEC. P 115.1 115.8 116.4 271.2 272.6 26 8.4 25.7 26.6 27.1 28. 1 27.9 27.6 4.4 4.7 4.6 77.4 77.0 75.8 193.6 192.2 185.8 220.6 215.6 207.8 414.2 407.8 393.6 277.6 284.9 294.3 446.1 456.7 468.9 723.6 741.6 763.2 1981-JAN. P FEB. P MAR. 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. 92, 105.6 177. 173. 170.9 199.9 194.4 1S2.5 377.2 367.5 363.4 303.2 307.7 311.8 474.8 478.7 4 82.0 778, 786, 793.8 P P P P 117.7 117.4 117.9 118.0 248.0 248.2 245.8 245.3 54. 56. 56. 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 15 P 118.4 118.2 118.7 246.7 247.4 244.6 58.8 63.5 65.7 29.0 27.5 27.6 4.7 4.1 4.5 112.3 115.7 117.3 171.1 171.9 171.3 312.7 312.4 313.0 1980-MAR. WEEK ENDING: 1S81-MAR. APR. 1/ 2/ 3/ 4/ 5/ 6/ 7/ 4 11 18 25 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 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 Sill ions or dollars, seasonally aa ustea unless onlerwise notea Large denomination time deposits1 at commercial at thrift Date banks2 total institutions 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 34.1 229.5 22.2 6.7 28.9 49.2 76.8 137.2 27.9 99.8 APR. HAY 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 43.9 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 95.8 154.8 28.9 28.5 30.0 1980-MAR. 195.4 96.6 98.7 OCT. NOV. DEC. P 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. FEB. MAR. P P P 214.2 218.0 212.0 44.6 45.5 45.3 258.8 263.5 257.2 31.1 30.5 28.5 7.8 7.4 7.3 38.8 37.9 35.8 50.0 71.9 160.3 33.2 99.1 WEEK ENDING: 1981-MAE. APfc. 1/ 2/ 3/ 4/ 5/ 6/ 7/ r P P P P 215.0 r 212.1r 212.er 211.1 r 28.1 2*.9 27.9 28.0 1 P 8 P 15 P 210.2r 208.1r 209.4r 29.2 27.3 27.4 4 11 18 25 LARGE DENOMINAI1ON l'IME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF f100,000 OF. MOKE. LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LAF.GE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THRIFT INSTI1UTIOK.J. TERM RPS ARE THOSE KITH ORIGINAL MATURITY GREATER THAN CNE DAY AND EXCLUDE CONTINUING CONTRACTS. TERM EURODOLLARS A3E IHOSE WITH ORIGINAL MATURITY GR2ATE3 THAN ONE DAY NET OF TERM EURODOLLARS HELD BY MONEY MARKET MUTUAL FUNDS. INCLUDES U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITY CF LESS THAN 18 MONTHS HELD BY THE NONBANK PUBLIC LESS SUCH SECURITIES HELD BY MOttEY MARKET MUTUAL FUNDS. NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, F.R. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THS FEDERAL HOME LOAN BANK SYSTEM, AND MONEY MARKET MUTUAL FUNDS. TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MU1UAL FUNDS. Revised H.6 (508) Table 3A COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, not seasonally adjusted Date Currency 1 at member banks2 Demand deposits at foreign at domestic related nonmember banking banks3 offices in the U.S.* Other checkable deposits total at commercial banks& at thrift institutions^ total Overnight RPs(net)7 Money market Overnight Eurodollars8 mutual funds^ 1S80-MAR. 107.9 164.9 86.5 6.7 258.2 13.9 4.6 18.4 22.7 3.6 60.9 APR. HAY JUKE 108. 109. 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 eo.4 66.8 74.2 JULY AUG. SEP1. 112.7 113.7 113.7 167.9 169.2 173.1 87.9 88. 89, 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. 80, 78, OCT. NOV. P DEC. P 114.9 116.6 118.5 175.7 175.7 177.2 91. 92. 92. 5.9 6.1 6.2 273. 274. 276. 19.8 20.6 21.0 5.9 6.0 6.1 25.7 26.6 27.1 28.1 27.9 27.6 4.4 4.7 4.6 77.'4 77.0 75.8 1981-JAN. P FEB. P MAE. 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. 83. 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 15 P 116.8 119.2 119.1 151.8 157.0 157.7 84. 88. 89.5 5.6 5.4 5.2 242.0 250.8 252.4 47.6 51.6 53.5 11.2 11.9 12.1 58.8 63.5 65.7 29.0 27.5 27.6 4.7 4.1 4.5 112.3 115.7 117.3 WEEK ENDING: 1981-MAR. APE. 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 4 11 18 25 CURRENCY OUTSIDE THE U.S. TREASURY, F.R. BANKS *ND THE VAULTS OF COMMERCIAL BANKS. DEMAND DEPOSITS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS IESS 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 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 MARKET MUTUAL FUNDS. ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. NONBANK CUSTOMERS. TOTAL MONLY MARKET MUTUAL FUND SHARES OUTSTANDING. H.6 (508) Table 3A—continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS DIM ions OT aonars, notseasonal i f aajustea at commercial banks Date at savings and loans Savings deposits at mutual at savings banks credit unions total at commercial banks Small denomination time deposits1 at savings at at mutual credit unions savings banks and loans total 1980-HAR. 183. 4 111.1 56.3 42.9 393.6 261 . 0 333.8 83.3 10.9 689. 0 APR. HAY 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 65.6 86.9 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 46.0 401.0 408.8 412.4 273.6 273.2 275.0 340.2 338.5 339.8 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-JAH. P FEB. P WAR. P 176. 5 172. 1 171. 6 103.7 100.5 101.0 51.7 50.2 49.5 43.0 41.9 41.7 374.9 364.7 363.8 302 . 6 308 .7 312 . 8 365.3 367.9 369.1 94.8 96.2 97.6 16.5 17.4 18.2 779. 2 790. 2 797. 6 WEEK ENDING: 1981-MAfc. APE. 1/ 4 11 18 25 P P P P 1 P 8 P 15 P 170. 171. 171. 171. 7 4 3 6 172. 7 174. 5 173. 5 311. 312. 313. 313. 6 3 2 2 313. 0 312. 4 313. 0 SMALL DENOMINATION TIME DEPOSITS ARE THCSE 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 at mutual commercial at savings total savings banks2 and loans banks Date Commercial paper7 28.9 49.2 76.8 139.0 28.9 99.8 APE. NAY 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 73.5 148.5 151.9 146.2 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 96.8 190.6 198.9 3.0 3.0 3.0 230.7 240.0 251.5 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 3.1 3.3 3.2 260.7 263.4 258.0 31.1 30.5 28.5 7.8 7.4 7.3 38.8 37.9 35.8 50.0 71.9 163.5 32.1 98.8 P P P 217.2 219.0 213.7 40.4 41.1 41.2 100.0 ENDING: 1981-HAR. APR. r Bankers acceptances^ 6.7 1981-JAN. FEB. MAR. 7/ Short-term Treasury securities5 22.2 209.4 6/ Savings bonds 230.4 37.1 38.0 39.1 5/ Eurodollars (net)4 2.8 P P 3/ 4/ total 30.6 OCl. NOV. DEC. 1/ 2/ Term at thrift institutions 197.0 1980-MAR. WBKK Term RPs3 at commercial banks P P P P 216.6r 214.0r 214.2r 212.8r 28.1 28.9 27.9 28.0 1 P 8 P 15 P 211.7r 208. 1 r 207.7r 29,2 27.3 27.4 4 11 18 25 LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE. LARGE DENOMINATION TINE DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THRIFT INSTITUTIONS. TERM EPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY AND EXCLUDE CONTINUING CONTRACTS. TERM EURODOLLARS ARE THOSE KITH 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.S. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LOAM BANK SYSTEM, AID MONEY MARKET MUTUAL FUNDS. TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS. Revised 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 demand deposits at Federal Reserve commercial banks Banks U.S. government deposits note balances at commercial banks and thrift institutions total demand deposits and note balances time and savings deposits at commercial banks 12.8 3.2 9.4 2.7 2.7 5.1 10.5 0.9 APR. HAY 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 JULY 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 0C1. NOV. P DEC. P 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 MAC. 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 15 P 12.3 11.1 12.3 3.5 3.5 3.7 11.4 11.2 11.2 1.9 3.6 3.8 2.9 2.9 3.0 9.7 7.2 3.0 14.5 13.7 9.8 0.8 0.8 0.8 1980-HAR. WEEK ENDING: 1981-HAR. APR. 4 11 18 25