Full text of H.6 Money Stock Measures : August 7, 1981
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FEDERAL RESERVE statistical release For Immediate Release H.6 (508) AUG. rafflrf MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, seasonally adjusted unless otherwise noted M1-B M1-A Date Currency plus demand deposits plus travelers checksi MI-Aplus other checkable deposits <OCD)2 M1 B Shift adjusted Addenda: M1-B less Overnight RPs shifts to OCD at commercial from banks plus non-demand overnight deposit Eurodollars4 sources^ NSA M2 Money market mutual fund shares NSA 7 , 1981 M3 L M1-B plus overnight RPs and M2 plus large Eurodollars, time deposits MMMF shares, and term RPs^ and savings and small time deposits5 M3 plus other liquid assets' 373.6 394.9 25.2 74.2 1589.3 1851.9 2246.0 JULY AUG. SEPT. 376.6 382.8 386.4 399.3 406.9 411.8 29.6 31.7 33,0 80.6 80.7 78.2 1614.0 1633.4 1644.9 1872.9 1896.7 1911.9 2263.7 2290.5 2308.1 OCT. NOV. DEC. 390.1 391.3 387.7 416.3 419.1 415.6 32.7 32.8 32.4 77,4 77.0 75.8 1654.0 1668.5 1669.4 1927.5 1950.7 1963.5 2325.6 2356.2 2377.4 1981-JAN. FEB. HAH. 375.1 367.2 365.8 419.2 421.2 425.8 415.5 415.0 418.0 32.7 31.9 33.3 80.7 92.4 105.6 1680.8 1695.7 1718.6 1988.3 2007.9 2026.1 2408.1 2432.3 2443.7 366.6 364.9 361.9 433.7 431.5 428.8 423.9 422.1 419.0 34.3 38.3 39.8 117.1 118.1 122.8 1738.1 1743.4 1749.5 2044.6 2059.0 2075.3 2455.6 2476.0 362.0 361.3 361.8 361.3 428.3 428.9 429.1 428.6 39.7 39.1 40.1 40.9 118.4 120.0 122.1 124.8 360.9 364.9 360.2 359.8 360.3 427.4 434.6 428.7 428.6 428.4 39.3 32.4 40.0 40.9 42.5 127.0 129.7 133.2 135.6 137.8 1980-JUNE APR. MAY JUNE WEEK ENDING; 1981-JUNE 3 10 17 24 JULY 1 8 15 22 P 29 P INCLUDES (1) DEMAND DEPOSITS AT ALL COHHERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, T H E U . S . GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT; (2) CURRENCY OUTSIDE T H E TREASURY, F.R. BANKS AND T H E VAULTS OF COMMERCIAL BANKS; AND (3) OUTSTANDING TRAVELERS CHECKS OF NONBANK ISSUERS. 2/ NOW AND ATS BALANCES AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND DEHAND DEPOSITS AT THRIFT INSTITUTIONS. M1-B HILL DIFFER FROM THE SUM OF COMPONENTS PRESENTED IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT THAT REPRESENTS T H E AMOUNT OF DEMAND DEPOSITS HELD BY THRIFT INSTITUTIONS AT COMMERCIAL B A N K S — A N D INCLUDED IN M1-A--THAT ARE ESTIMATED TO BE USED IN SERVICING THRIFT OCD LIABILITIES. 3/ M1-B SHIFT ADJUSTED ABSTRACTS FROM SHIFTS IN 1981 INTO O C D FROM SOURCES OTHER THAN DEMAND DEPOSITS. THE PO&TION OF NOT SEASONALLY ADJUSTED O C D FLOWS ASSOCIATED WITH SHIFTS FROM OUTSIDE DEMAND DEPOSITS IS ASSUMED TO BE 22.5 PERCENT IN JANUARY AND 2 7 . 5 PERCENT IN SUBSEQUENT MONTHS. FOR DETAILS OF THE ADJUSTMENT PROCEDURE, SEE "REVISIONS IN T H E MONEY STOCK," FEDERAL RESERVE BULLETIN, JULY 1981. OVERNIGHT (AND CONTINUING CONTRACT) RPS ARE THOSE ISSUED BY COMMERCIAL BANKS TO T H E NONBANK PUBLIC, AND OVERNIGHT EURODOLLARS ARE THOSE ISSUED BY CARIBBEAN BRANCHES OF MEMBER BANKS TO U.S. NONBANK CUSTOMERS. 5/ INCLUDES SAVINGS AND SMALL DENOMINATION TIME DEPOSITS (TIME DEPOSITS IN AMOUNTS OF LESS THAN $100,000) ISSUED BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS. H2 IILL 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 AT COMMERCIAL BANKS. 6/ INCLUDES LARGE DENOMINATION TIME DEPOSITS ISSUED BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS IN AMOUNTS OF $100,000 OR MORE, LESS HOLDINGS OF DOMESTIC BANKS, THRIFT INSTITUTIONS, THE U . S . GOVERNMENT, MONEY MARKET MUTUAL FUNDS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. 7/ OTHER LIQUID ASSETS INCLUDE T H E NONBANK PUBLIC'S HOLDINGS OF U . S . SAVINGS BONDS, SHORT-TERM TREASURY SECURITIES, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND TERM EURODOLLARS 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 A R E 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 Date 1980-J0NE Currency plus demand deposits plus travelers checksi M1-B M1-B Shift adjusted M1-Aplus other checkable deposits (OCD) 2 M1-B less shifts to OCD from non-demand deposit sources3 M2 Addenda: Overnight RPs at commercial banks plus overnight Eurodollars4 Money market mutual fund shares NSA NSA M3 M1 Bplus overnight RPs and M2 plus large Eurodollars, time deposits MMMF shares, and term RPs6 and savings and small time deposits^ L M3 plus other liquid assets7 372.7 394.3 25.2 74.2 1591.3 1849.5 2245.3 JULY AUG. SEPT. 378.7 381.1 386.6 401.8 405.4 412.3 29.6 31.7 33.0 80.6 80.7 78.2 1619.4 1630.7 1643.3 1874.9 1891.9 1908.7 2264.1 2284.8 2303.9 OCT. NOV. DEC. 391.7 394. 1 397.7 418.4 421.9 425.9 32.7 32.8 32.4 77.4 77.0 75.8 1657.5 1666.9 1675.2 1930.5 1951.7 1974.0 2326.5 2354.1 2384.0 1981-JAN. FEB. MAR. 378.9 358.7 358.9 423.5 411.5 417.8 419.8 405.3 410.1 32.7 31.9 33.3 80.7 92.4 105.6 1683.6 1685.1 1713.4 1993.9 1999.8 2023.6 2411.0 2425.5 2444.5 APR. HAY JUNE 369.5 359.4 . 361.1 436.7 424.4 428.4 426.9 415.1 418.6 34.3 38.3 39.8 117.1 118.1 122.8 1745.7 1737.5 1751.7 2051.1 2052.1 2071.8 2465.3 2471.9 359.0 362.9 364.2 357.5 425.0 430.6 432.2 424.6 39.7 39.1 40.1 40.9 118.4 120.0 122.1 124.8 359.9 371.4 366.5 361.5 355.6 426.4 442.0 436.5 430.6 423.5 39.3 32.4 40.0 40.9 42.5 127.0 129.7 133.2 135.6 137.8 KEEK ENDING: 1980-JONE 3 10 17 24 JULY 1 8 15 22 P 29 P NOTE; 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 Currency plus demand deposits plus travelers checksi Date M1-B MI-Aplus other checkable deposits at banks and thrift institutions 2 M2 MI-Bplus overnight RPs and Eurodollars, MMMF shares, and savings and small time deposits at commercial banks and thrift institutions 5 M3 M2 plus large time deposits and term RPs at commercial banks and thrift institutions 6 JUNE FROM: MAR. 1981 (3 MONTHS PBEVIOUS) -4.3 2.8 7.2 9.7 DEC. 1980 (6 MONTHS PREVIOUS) -13.3 6.4 9.6 11.4 JUNE 1930 (12 MONTHS PREVIOUS) -3.1 8.6 10.1 12.1 FOUR WEEKS ENDING: JULY 2 9 , FROK FOUR WEEKS ENDING: 1981 APF 29, 1981 (13 WEEKS PREVIOUS) -5.4 -3.3 JAN. 28, 1981 (26 WEEKS PREVIOUS) -8.0 5.0 JULY 30, 1980 ( 5 2 WEEKS PREVIOUS) -4.0 7.8 NOTE: SEE TABLE 1 FOR FOOTNOTES. H.6 (508) Table 3 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, seasonally adjusted unless otherwise noted Date 1980-JUNE Travelers checks3 Other checkable deposits4 Overnight <net)» Overnight Eurodollars6 NSA NSA Money market mutual funds7 Small denomination time deposits8 Savings deposits Currency1 Demand deposits2 111. 1 258.7 3.8 21.4 22.3 3.0 74.2 180.5 204.1 384.6 273.4 440.8 714.1 112. 1 RPs at at commercial thrift banks Institutions st total at thrift commercial institutions banks total NSA JULY AUG. SEPT. 113.4 113.8 260.7 265.4 268.6 3.8 3.9 4.0 22.8 24,. 2 25.5 26.0 27.9 29.3 3.6 3.8 3.7 80.6 80.7 78.2 185.5 189.0 190.1 210.3 215.6 217.9 395.9 404.6 407.9 273.0 273.5 275.2 439.7 440.1 442,. 9 712.6 713,6 718.1 OCT. NOV. DEC. 114.9 115.7 116.1 271.2 271.6 267.4 4.0 4.1 4.2 26.3 27.9 28.1 28.3 28.1 27.9 4.4 4.7 4.5 77.4 77.0 75.8 190.3 191.4 185.1 217.5 214.7 207.9 407.8 406.1 393.0 277.8 284.7 292.4 446.3 453.3 464.4 724.0 738.0 756.8 1981-JAN. FEB. NAB. 116.6 117.2 117.9 254.4 245.8 243.5 4.2 4.2 4.4 44.3 54.3 60.2 27.5 27.0 28.7 5.2 4.9 4.6 80.7 92.4 105.6 177.2 173.9 172.4 199.8 197.0 196.0 376.9 370.8 368.3 302.4 306.5 310.7 473.3 476.9 478.7 775.7 783.3 789.4 APR. HAY JUNE 118.9 119.8 119.9 243.1 240.7 237.9 4.6 4.4 4.2 67.3 66.9 67.1 29.3 31.8 33.5 5.0 6.5 6.4 117.1 118.1 122.8 172.0 169.7 166.3 195.0 191.4 187.5 367,0 361.1 353.8 312.1 316.2 322.0 477.9 482.2 485.9 790.0 798.4 807.9 3 10 17 24 119.1 119.6 119.8 120.0 238.7 237.5 237.9 237.4 66.6 67.9 67.6 67.5 33.2 33.4 33.6 34.3 6.5 5.8 6.5 6.6 118.4 120.0 122.1 124.8 167.3 166.8 166.0 165.6 320,. 1 321.6 322.1 322.5 1 8 15 22 P 29 P 120.2 120.8 120.5 121.0 121.2 236.7 240.1 235.6 234.6 234.8 66.8 70.0 68.8 69.1 68.4 32.5 26.3 33.2 34.4 34.6 6.7 6.1 6.8 6.5 7.9 127.0 129.7 133.2 135.6 137.8 165.7 166.0 165.2 164.5 163.6 322.5 323.5 325.0 326.4 328.3 WEEK ENDING: 1981-JONE JULY 1/ 2/ / / 5/ 6/ 7/ 8/ 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. GOVEBNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT. OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. INCLUDES ATS AND NOW BALANCES AT ALL INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS M1-B SEASONALLY ADJUSTED LESS M1-A SEASONALLY ADJUSTED, PLUS THE M1-B CONSOLIDATION COMPONENT. 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 OT dollars, seasonally aa ustea unless otnerwise noted Large denomination time deposits 1 at thrift at commercial 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 196.4 37.0 233.3 22.9 6.4 29.3 48.9 73.7 145.1 29.6 96.7 JULY AUG. SEPT. 190.8 191.4 194.1 37.4 38.2 39.2 228.2 229.6 233-4 24.2 27.2 26.4 6.5 6.6 7.2 30.7 33.8 33.6 48.3 48.3 45.1 73.5 73.2 73.0 143.5 146.6 149.9 29.3 28.8 29.7 96.2 96.8 98.5 OCT. NOV. DEC. 196.8 202.8 212.5 41.0 42.6 44.2 237.7 245.4 256.8 27.9 28.7 28.9 7.8 8-1 8.4 35.7 36.8 37.3 45.2 46.3 48.4 72.8 72.6 72.3 150.6 155.5 160. 5 30.6 31.3 32.5 98.9 99.8 100.2 1981-JAN. FEB. MAB. 222.5 227.3 224.3 45.5 46.6 46.7 268.0 273.9 271.0 31.0 30.3 28.3 8.4 8. 1 8.2 39.4 38.3 36.5 50.2 52.2 52.2 71.9 71.1 70.7 165.5 169.8 164.2 33.0 32.0 33.0 99.2 99.4 97.6 APR. MAY JUNE 222.6 229.4 238.1 46.9 47.8 48.2 269.5 277.2 286.3 28.3 29.2 30.1 8.8 9.2 9.4 37.1 38.4 39.5 52.6 56.3 70.4 69.9 156.9 156.2 34.6 35.7 96.5 98.8 1980-JUNE WEEK ENDING: 1981-JUNE JULY 1/ 2/ 3/ 4/ 5/ 6/ 7/ 3 10 17 24 236.6 236.9 237.1 237.4 30.3 31.2 30.9 29.7 1 8 15 22 P 29 P 240.8 239.2 240.2 241.4 242.9 28.3 34.4 27.8 27.8 27.2 LAfiGE 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 EPS 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 STQCK MEASURES AND LIQUID ASSETS Billions of dollars, not seasonally adjusted Date 1980-JUNE 1 Currency at member banks2 Demand deposits at foreignat domestic related banking nonmember 3 offices banks in the U.S.4 Other checkable deposits total Travelers checks5 at commercial banks6 at thrift Institutions7 total Overnight RPs(netp Overnight Money market Eurodollars* nutual funds10 111.1 166.0 86.0 5.6 257.6 4.0 15.4 6.3 21.7 22.3 3.0 74.2 JULY AUG. SEPT. 112.7 113.7 113.7 167.9 169.1 173.0 87.6 88.1 89.8 6.2 5.8 5.8 261.7 263.0 268.6 4.3 4.4 4.3 16.6 17.7 18.7 6.5 6.8 7.1 23.2 24.4 25.9 26.0 27.9 29.3 3.6 3.8 3.7 80.6 80.7 78.2 OCT. NOV. DEC. 114.9 116.7 118.4 175.6 175.4 177.0 91.5 92.8 93.0 5.7 5.3 5.4 272.8 273.5 275.4 4.1 3.9 3.9 19.6 20.5 20.9 7.3 7.5 7.4 26.8 28.0 28.3 28.3 28.1 27.9 4.4 4.7 4.5 77.4 77.0 75.8 1981-JAN. FEB. MAR. 115.7 115.8 116.8 165.9 151.0 150.6 88.0 82.8 82.1 5.4 5.1 5.2 259.2 238.9 237.9 4.0 4.0 4.2 35.7 42.9 4 8.0 9.1 10.1 11.1 44.8 53.0 59.2 27.5 27.0 28.7 5.2 4.9 4.6 80.7 92.4 105.6 APR. HAY JUNE 118.4 119.3 119.9 156.2 148.0 149.1 85.7 82.8 82.6 4.8 5.1 5.3 246.8 235.9 236.9 4.3 4.2 4.3 54.9 52.5 54.2 12.6 12.8 13.3 67.5 65.3 67.5 29.3 31.8 33,5 5.0 6.5 6.4 117.1 118.1 122.8 3 10 17 24 118.8 120.8 120.1 119.6 147.4 149.2 151.0 147.4 83.0 83.5 83.7 81.0 5.4 5.1 5.1 5.1 235.8 237.8 239.8 233.6 53.2 54.6 55.0 54.1 13.1 13.4 13.3 13.2 66.3 68.0 68.3 67.3 33.2 33.4 33.6 34.3 6.5 5.8 6.5 6.6 118.4 120.0 122.1 124.8 1 8 15 22 P 29 P 119.5 123.1 121.7 121.2 120.2 148.9 154.4 151.7 148.9 145.8 81.5 84.3 83.2 81.3 79.3 5.5 5.0 5.1 5.1 5.2 235.9 243.7 240.0 235.3 230.4 53.4 56.4 56.1 55.5 54.6 13.3 14.5 14.1 13.9 13.6 66.7 70.9 70.2 69.4 68.2 32.5 26.3 33.2 34.4 3 4,. 6 6.7 6.1 6.8 6.5 7.9 127.0 129.7 133.2 135.6 137.8 tEEK ENDING: 1981-JUNE JULY 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 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 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. OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS. NOW AND ATS BALANCES AT BANKS. NOW AND ATS BALANCES AT SAVINGS AND LOANS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE DRAFT BALANCES, AND DEMAND DEPOSITS AT THRIFTS. 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 Billions of dollars, not seasonally adjusted 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 at mutual at savings credit unions savings banks and loans total 181.0 108.1 54.1 43.2 386.3 274.7 341.7 86.3 12.4 715. 1 JULY AUG. SEPT, 187.2 190.3 191.0 112.7 115.8 117.5 55.6 56.4 56.8 44.9 45.5 46.0 400.3 408.0 411.4 272.7 272.1 273.8 340.2 338.5 339.8 86.0 85.8 86.2 12.2 12.6 12.7 711.1 709.0 712.5 OCT. NOV. DEC. 192.2 190.7 183.7 117.0 113.8 108.9 56.5 55.2 53.4 46.2 45.3 44.2 411.9 405.0 390.2 277.2 282.7 290.7 343.7 349.1 358.0 87.2 88.6 91.2 13.1 14.1 15.5 721.2 734.6 755.2 1981-JAN. FEB. MAR. 176.3 171.9 171.3 103.3 101.0 101.7 51.7 50.7 50.8 42.9 42.0 41.9 374.2 365.6 365.7 301.8 308.3 312.5 365.3 367.9 369.3 93.3 94.1 94.7 16.5 17.4 18.3 776.9 787.7 794.8 APB. MAY JUNE 172.2 169.2 166.7 101.7 99.6 98.5 50.8 49.9 49.3 41.7 41.0 40.7 366.4 359.7 355.2 313.3 318.1 323.6 368.5 368.6 369.5 94.5 94.8 95.7 18.9 19.6 20.3 795.2 801.0 809.1 1980-JUNE KEEK ENDING: 1981-JUNE JULY 1/ 3 10 17 24 167.4 167.4 166.6 166.0 322.1 323.6 323.9 323.9 1 8 15 22 P 29 P 166.4 167.6 167.0 166.0 164.8 323.5 323.7 324.7 325.9 327.5 SMALL DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OP LESS THAN $100,000. H.6 (508) Table 3A-continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, not seasonally adjusted Date 1980-JUNE Large denomination time deposits1 at mutual at at savings savings total commercial banks2 banks and loans Term RPs3 at commercial banks at thrift total institutions Term Eurodollars {net)4 Savings bonds Short-term Treasury securities^ • Bankers Commercial acceptances6 paper? 191.7 33.5 3.7 228.9 22-9 6.4 29.3 48.9 73.5 146.7 29.4 97.3 186.8 73.3 142.7 146.9 28.8 73.2 73.1 96. 2 95.6 96.8 JULY AUG. SEPT. 188.5 191.8 34.1 35.0 35.9 3.8 4.0 4.1 224.8 227.4 231.8 24.2 27.2 26.4 6.5 6.6 7.2 30.7 33.8 33.6 48.3 48.3 45.1 OCT. NOV. DEC. 196.0 205.6 217.8 37.1 38.0 39.1 4.2 4.4 4.5 237.4 248.0 261.4 27.9 28.7 28.9 7.8 8.1 8.4 35.7 36.8 37.3 45.2 46.3 48.4 1981-JAN. FEB. MAR. 225.8 230.5 227.7 40.4 41.1 41.3 4.6 4.7 4.7 270.8 276.3 2 73.8 31.0 30.3 28.3 8.4 8.1 8.2 39.4 38.3 36.5 APR. MAY JUNE 221.9 228.5 232.1 41.6 42.7 43.4 4.8 5.0 5.1 268.3 276.3 280.6 28.3 29.2 30.1 8.8 9.2 9.4 37.1 38.4 39.5 150.2 28.8 30.0 73.0 72.9 72.7 149.0 151.6 157.5 30.8 31.3 31.4 100.0 50.2 52.2 52.2 71.9 71.1 70.6 163.5 168.8 166.0 32.1 33.3 33.9 99.3 100.4 98.2 52.6 56.3 70.1 69.7 160.2 160.6 34.7 35.4 96.6 97.7 98.1 100.3 WEEK ENDING: 1981-JUNE JULY 1/ 2/ 3/ 4/ 5/ 6/ 7/ 3 10 17 24 233,. 8 231.8 230.8 230.7 30.3 31.2 30.9 29.7 1 8 15 22 P 29 P 235.1 234.0 234.6 236.4 238.4 28.3 34.4 27.8 27.8 27.2 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 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 4 MEMORANDA ITEMS Billions of dollars, not seasonally adjusted Demand deposits at banks due to foreign commercial banks Date 1980-JUNE 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 12.3 3.3 10.8 3.2 2.9 6.8 12.9 0.8 JULY AUG. SEPT. 12.3 11.7 11.6 3.4 3.3 2.9 11.0 11.1 11.5 2.9 2.4 2.9 3.1 3.3 3.3 6,1 6.5 11.0 12.1 12.3 17.1 0.7 0.8 0.8 OCT. NOV. DEC. 11.9 12.5 12.7 3.0 3.4 3.7 11.6 11.5 11.5 2.8 2.5 2.8 3.2 3.0 2.7 9.7 4.1 6.3 15.8 9.6 11.7 0.8 0.8 0.8 1981-JAN. FEB. NAfi. 12.0 12.9 12.1 3.5 3.6 3.4 11.3 11.3 11.1 2.8 2.8 2.8 3.2 3.3 3.0 5.1 5.4 7.5 11.1 11.4 13.3 0.6 0.8 0.8 APR. HAY JUNE 12.4 12.4 13.0 3.8 3.3 3.5 11.0 11.2 11.2 3.8 2.8 3.3 3.4 3.3 3.0 8.3 9.5 9.1 15.4 15.6 15.4 0.7 0.7 0.8 3 10 17 24 12.8 12.6 13.6 13.3 3.5 3.8 3.4 3.3 11.3 11.2 11.2 11.2 3.1 2.4 4.8 3.4 3.0 2.6 3.2 3.0 3.4 5.0 6.5 13.9 9.5 10.0 14.5 20.3 0.8 0.7 0.8 0.8 1 8 15 22 P 29 P 12.5 12.6 13.5 11.8 12.8 3.4 3.6 3.6 3.0 3.0 11.1 11.3 10.4 10.4 10.2 2.6 3.2 2.8 2.7 2.4 3.2 2.9 3.4 3.1 3. 1 13.9 9.2 6.8 7.8 7.6 19.7 15.3 13.0 13.6 13.1 0.8 0.8 0.8 0.8 0.8 WEEK ENDING: 198W0NE JULY SPECIAL TABLE I Corrected Weekly Data on the Overnight Eurodollar Component of M2 Overniqht Eurodollar 1981 March April May 4 4744 11 4215 18 4534 25 4542 1 5102 8 4420 15 4859 22 5013 29 5609 6 6931 13 5600 20 6404 27 7046