Full text of H.6 Money Stock Measures : December 18, 1981

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

Table 1

18,

1981

MONEY STOCK MEASURES AND LIQUID ASSETS
B i11 ions of dollars, seasonally adjusted unless otherwise noted

Date

M1-A

M1-B

Currency plus
demand
deposits
plus travelers
checks1

M1-A plus
other
checkable
deposits
(OCD) 2

NSA

NSA

and
Eurodollars,
MMMF shares,
and savings
and small
time deposits5

M3 plus other
liquid assets'

415.5
415.0
417.8

32.7
31.9
33.3

80.7
92.4
105.6

1680.8
1695.7
1718.4

1989.3
2009.1
2027.0

2408.7
2433.6
2445.1

433.3
431.3
428.8

423.5
422.0
419.0

34.3
38.3
39.7

117.1
118,. 1
122.8

1737.7
1743.2
1749.3

2045.7
2060.7
2079.0

2457.4
2479.9
2502.8

361.4
362.3
359.9

430.1
432.8
431.8

420.0
422.3
421.0

39.2
40.2
36.7

134.3
145.4
157.0

1760.1
1777.2
1786.8

2094.0
2117.5
2133.7

2519.4
2550.8
2574.4

360.6
361.8

433.0
437.0

422.1
425.2

33.0
33.7

166.4
176.6

1798.8
1823.6

2143.8
2165.8

360.1
360.3
362.0
360.0

433.3
435.7
437.4
435.9

34.0
33.6
35.6
34.5

169.9
172.7
176-4
180.1

364.5
362.4

439.8
440.6

29.9
35.8

182.9
185.5

419.2
421.2
425.7

JUNE

366.3
364.7
361.9

JULY
AUG.
SEPT.
P

Money market
mutual fund
shares

2355.6
2378.4

375. 1
367.2
365.6

OCT.
NOV.

M2 plus large
time deposits
and term RPs 6

M1-B plus
overnight RPs

Overnight RPs
at commercial
banks plus
overnight
Eurodollars*

1951.0
1965.1

1981-JAN.
FEB.
MAR.

R
R

L

1668.5
1669.4

419.1

MAY

M3

77.0
75.8

391.3
387.7

APR.

M1-B lest
shifts to OCD
from
non-demand
deposit
sources'*

M2

32.8
32.4

1980-NOV.
DEC.

R

imiw
.
M1-B
Shift adjusted

415.6

WEEK ENDING:

1981-NOV.

4

11
18
25
DEC.

2 P
9 P

INCLUDES (D DEMAND DEPOSITS AT ALL (:OMMERCIAL 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; (2) CURRENCY OUTSIDE THE TREASURY, F.B. BANKS AND THE 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 DEMAND
DEPOSITS AT THRIFT INSTITUTIONS. M1-B HILL DIFFER FROM THE SUM OF COMPONENTS PRESENTED IN SUBSEQUENT
TABLES BY A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE AMOUNT OF DEMAND DEPOSITS HELD BY THRIFT
INS2ITUTIONS AT COMMERCIAL BANKS—AND 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 OCD FROM SOURCES OTHER THAN DEMAND DEPOSITS. THE
PORTION OF NOT SEASONALLY ADJUSTED OCD FLOWS ASSOCIATED HITH SHIFTS FROM OUTSIDE DEMAND DEPOSITS IS ASSUMED
TO BE 22.5 PERCENT IN JANUARY AND 27.5 PERCENT IN SUBSEQUENT MONTHS. FOB DETAILS OF THE ADJUSTMENT PROCEDURE, SEE "REVISIONS IN THE MONEY STOCK," FEDERAL RESERVE BULLETIN, JULY 1981.
4/ OVERNIGHT (AND 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.
5/ INCLUDES SAVINGS AND SMALL DENOMINATION TIME DEPOSITS (TIME DEPOSITS IN AMOUNTS OF LESS THAN $100,000)
ISSUED BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS. M2 HILL DIFFEU FROM THE SOM OF COMPONENTS PRESENTED
IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMEN1 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.
SMALL DENOMINATION (RETAIL) RPS
ESTIMATED AT $12.7 BILLION ON A MONTH AVERAGE BASIS AND $12 BILLION ON
A MONTH-END BASIS IN OCTOBER — ARE INCLUDED IN THE TERM RP COMPONENT OF M3. CONSIDERATION IS BEING GIVEN
TO INCORPORATING THE FIGURES ON SMALL DENOMINATION TERM RPS IN THE M2 SERIES, WHICH CURRENTLY EXCLUDES SUCH
INSTRUMENTS.
7/ OTHER LIQUID ASSETS INCLUDE THE NONBANK PUBLIC'S HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY
SECURITIES, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND TEEM EURODCLXABS NET OF MONEY MARKET MUTUAL FUND
HOLDINGS OF THESE ASSETS.
NOTE: P INDICATES PRELIMINARY DA1A. SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING SEEK-TO-WEEK CHANGES IN
MONEY SUPPLY DATA, HHICH ARE OFTEN HIGHLY VOLATILE AND SUBJECT TO REVISION IM SUBSEQUENT HEEKS AND
MONTHS. PRELIMINARY DATA ARE SUBJECT TO WEEKLY REVISIONS UNTIL THEY ARE FINAL.
R - REVISED
1/




H.6 (508)
Table 1A

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

Currency pl»<s
demand
deposits
plus travelers
checksi

Date

M1-B

M1-B
Shift adjusted

M1-A plus
other
checkable
deposits
(OCD) 2

M1-B lew
shifts to OCO
from
non-demand
deposit
sources3

M2

Addenda:

M3

M1-B plus
overnight RPs
and
M2 plus large
Eurodollars,
time deposits
MMMF shares, and term RPs*5
and savings
and small
time deposits5

L

Overnight RPs
at commercial
banks plus
overnight
Eurodollars4

Money market
mutual fund
shares

NSA

NSA

32.8
32.4

77.0
75.8

1666.9
1675.2

1952.0
1975.6

2353.6
2385.0

M3 plus other
liquid assets'

1980-NOV.
DEC.

394.1
397.7

421.9
425.9

1981-JAN.
FEB.
MAR.

378.9
358.7
358.7

423.5
411.5
417.7

419.8
405.3
409.9

32.7
31.9
33.3

80.. 7
92.4
105.6

1683/6
1685.1
1713.3

1994.9
2000.9
2024.6

2411.5
2426.8
2445.9

369.2
359.2
361.1

436.4
424.3
428.4

426.6
414.9
418.7

34.3
38.3
39.7

117.1
118.1
122.8

1745.4
1737.3
1751.5

2052.2
2053.8
2075.6

2467.1
2477.8
2501.4

363.5
360.8
360.0

432.9
431.3
432.3

422.7
420.8
421.4

39.2
40.2
36.7

134.3
145.4
157.0

1765.0
1773.5
1783.5

2094.6
2110.8
2128.1

2518.3
2542.4
2567.7

362.0
363.9

435.1
439.6

424.1
427.9

33.0
33.7

166.4
176.6

1800.7
1821.4

2145.0
2166.9

363.0
364.8
365.2
358.4

437.5
441.1
441.3
433.2

34.0
33.6
35.6
34.5

169.9
172.7
176.4
180.1

367.7
370.2

444.0
449.6

29.9
35.8

182.9
185.5

R

APRMAY
JUNE

R
R

JULY
AUG.
SEPT..
OCT.
NOV.

P

MEEK ENDING:
1981-NOV.

DEC.

NOTE:

4
11
16
25
2P
9 P

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
M IB plus
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

NOV. PROM;
AUG.

1981

(3 MONTHS PEEVIODS)

-0.6

3.9

10.4

9.1

MAY.

1981

(6 MONTHS PREVIOUS)

-1.6

2.6

9.2

10.2

NOV.

1980

(12 MONTHS PREVIOUS)

-7.5

4.3

9.3

11.0

FOUR WEEKS ENDING: DEC.
9,
FROM FOUR WEEKS ENDING:
SEPT,
JUNE
DEC.

NOTE:

1981

1981

(13 WEEKS PREVIOUS)

1.6

5.9

1 0 , 1981

(26 WEEKS PREVIOUS)

-0.4

4.1

1 0 , 1980 (52 BEEKS PREVIOUS)

-7.3

4.7

9,

SEE TABLE 1 FOR FOOTNOTES.




H.6 (508)
Tablt 3

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, —atonalty adjusted unlasa otherwise noted
Currency1

Data

Demand
deposits*

Travelers
checke3

4.2
4.2

44.3
54.3
60.2

27.5
27.0
28.7

243.1
240.7
237.9

4.3
4.3
4.2

67.3
66.9
67.1

120.8
121.2
121.1

236.4
236.7
234.4

4.1
4.4
4.5

406.1
393.. 0

284.7
292.4

453.3
464,. 4

738.0
756.8

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

29.3
31.8
33.3

5.0
6.5
6.4

117.1
118.1
122.8

172.0
169.7
166.3

195.0
191.4
187.7

367.0
361.1
354.0

312.1
316.2
322.0

477.9
462.2
485.7

790.0
798.4
807.7

69.0
70.8
72.2

32.3
32.4
29.8

6.9
6.9

134.3
145.4
157.0

164.7
160.7
157.7

184.4
180.1
176.8

349.1
340 . 7
334.5

325.9
334.3
339.9

485.4
487.-7
490.8

811,3
821.9
830.7

121.4
122.1

234.7
235.1

4.5
4.6

72.7
75.5

27.1
27.2

5.9
6.5

166.4
176.6

155.2
156.9

174.2
173.7

329.3
330.6

346.9
351.6

494.3
498.1

841.1
849.7

121.7
121.8
121.9
122.2

233.8
233.8
235.5
233.3

73.6
75.7
75.7
76.2

28.1
27.7
28.6
27.6

5.9
5.9
7.0
6.9

169.9
172.7
176.4
180.1

155.3
156.6
157.5
157.4

349.7
350.9
351.4
352.7

122.1
122.5

237.8
235.4

75.7
78.6

23.3
29.7

6.6

6.0

182.9
185.5

157.2
157.7

352.5
353.0

116.6
117.2
117.9

254.4
245.8
243.5

4.2

118.9
119.8
119.9

P

total

Small denomination tima dapoaits1
at
at
commercial
thrift
total
banks
Institutions

214.7
207.9

1981-JAN.
FEB.
MAB.

OCT.
NOV.

NSA

Savings daposlts
at
at
thrift
commercial
banks
Inatltutiona

191.4
185.1

4.1

JULY
AUG.
SEPT.

NSA

Monay
markat
mutual
funda7
NSA

77.0
75.8

271.6
267.4

R
R

Overnight
Eurodollars*

28.1
27.9

115.7
116.1

APB.
MAY
JONE

Overnight
RPs
<nat)»

27.9
28.1

1980-NOV.
DEC.

R

Other
chackabla
dapoaits4

4.2

4.7

4.5
5.2

7.8

SEEK ENDING:
1981-NOV.

4
11
18

25
DEC.

V
2/
3/

V
5/
6/
7/
8/

2 P
9 P

CUBRENCY 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 PBOCESS OF COLLECTION AND F.B. FLOAT,.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS.
INCLUDES ATS AND NOW BALANCES AT ALL INSTITUTIONS, CREDIT UNION SHARE DRA.FT 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 MARK£I MUTUAL FUND SHARES OUTSTANDING.
SMALL DENOMINAilON 1i .M F. 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
Diiiions OT aouars, seasonally aa usiea unless oinerwise noiea
Large denomination time deposits T
at commercial
Date
at thrift
bank$2
institutions
total

Term RPs3
at commercial
banks
NSA

at thrift
institutions
NSA

total
NSA

Term
Eurodollars
(net)4

Savings
bonds

Short-term
Treasury
securities^

Bankers
acceptances^

Commercial
paper7

NSA

1980-NOV.
DEC.

202.8
212.5

42.6
44.2

245.4
256.8

29.0
30.5

8.1
8.5

38.9

46.3
48.4

72.6
72.3

154.6
159.9

31.3
32.5

99.8
100.2

1981-JAN.
FEB.
MAR.

222.5
227.3
224.3

45.5
46.6
46.7

268.0
273.9
271.0

31.9
31.3
29.3

8,5
8.1
8.3

40.4
39.5
37.6

50.2
52.2
52.2

71,9
71.1
70.7

165.1
169.9
164.6

33.0
32.0
33.0

99.2
99.4
97.6

APR.
MAY
JUNE

222.6
229.5
239, 1

46.9
47.8
48.2

269.5
277.2
287,3

29.6
30.5
3U5

8.9
9.7
10.9

38.5
40.2
42-4

52.6
57.0
57.9

70.4
69.9
69.7

157.6
157.5
160.3

34.6
35.7
36.5

96.5
S9.1
99.3

JULY
AUG.
SEPT.

241.8
247.1
249.5

48.5
49.4
50.4

290.3
296.6
299.9

30.6
29.0
30.6

13.0
14.8
16.5

43.5
43.7
47.1

58.7
61.0
61.2

69.3
68.8
68.4

160.7
161.8
167.8

37.2
36.9
37.0

99.6
104.6
106.2

P

247.2
242.4

51.5
52.3

298.7
294.6

30.0
32.1

16.4
15.5

46.4
47.5

1981-NOV.

4
11
18
25 P

244.1
242.7
241.3
243.0

30.9
31.2
30.9
31.8

1981-DEC.

2 P
9 P

242.8
242.4

36.3
32.1

OCT.
MOV.

37-1

MEEK ENDING:

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

LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED I N AMOUNTS OP 110 0.000 OR M ORE- EXCLD DTIIG THOSE BOOKED AT TNTERMATT 0MAL
BANKING FACILITIES (IBFS).
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.
T O T A L COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.




H.6 (508)
Table 3A

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Currency1

Date

at member
banks2

Demand deposits
at foreignrelated
at domestic
banking
nonmember
3
offices
banks
In the U.S.4

Othe r checkable deposits

total

Travelers
checks8

at
commercial
banks*

at thrift
Institutions7

total

Overnight
RPs (net)*

Overnight Money market
Eurodollars* mutual funds*

1980-NOV.
DEC.

116.7
118.4

175.4

92.8
93.0

5.3
5.4

273.5
275.4

3.9
3.9

20.5
20.9

7.5
7.4

28.0
28.3

28.1

27.9

4.7
4,5

77.0

177.0

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
237.5

4.0
4.0
4.0

35.7
42.9
48.0

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

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
237.0

4.0
4.1
4.3

54.9
52.5
54.2

12.6
12.8
13.3

67.5
65.3
67.6

29.3
31.8
33.3

5.0
6.. 5
6.4

117.1
118.1
122.8

121.4
121.4
121.0

150.4
148.1
148.3

81.9
80.9
80.9

5.1
5.6
5.3

237.4
234.5
234.4

4.7
4.8
4.7

55.7
56.4
57.9

14.0
14.4
14.7

69.7
70.8
72.6

32.3
32,. 4
29.8

6.5
7.8
6.9

134.3
145.4
157.0

121.4
123.1

152.2
152.8

80.3
80.3

3.7
3.5

236. 1
236.5

4.5
4.3

58.3
60.3

15.2
15.7

73.5
76.0

27-1
27.2

5.9
6.5

166.4
176.6

121.6
123.7
123.0
123.0

153.4
152.5
153.1
148.9

80.2
81.0
81.4
78.6

3.6
3.4
3.4
3.5

237.1
236.9
237.9
231.0

59.2
60.7
60.6
59.9

15.7
16.0
15.8
15.3

74.9
76.7
76.4
75.2

2 8.1
27.7
28.6
27.6

5.9
5.9
7.0
6.9

169.9
172.7
176.4
180.1

123.2
125.3

156.5
155.2

80.2
81.8

3.5
3.5

240.1
240.6

60.9
63.3

15.8
16.5

76.7
79.8

23.3
29.7

6.6
6.0

182.9
185.5

R

APR.
MAY
JUNE

R
R

JULY
AUG.
SEPT.
OCT.
NOV.

P

75.8

MEEK ENDING:

1981-NOV.

DEC.

1/
2/
3/
4/
5/
6/
7/
8/
9/
10/

4
11
18
25
2 P
9 P

CURRENCY OUTSIDE THE U.S. THEASUBY, 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 AH BANKS.
NOW AND ATS BALANCES AT SAVINGS AND LOANS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE DRA^T BALANCES, AND DEMAND DEPOSITS
AT THRIFTS.
INCLUDES OVERNIGHT AND CONTINUING CONTRACT BPS 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. i». NONBANK CUSTOMERS.
TOTAL MONEY MARKET MUTUAL FUND SHARES OUTSTANDING.
REVISF.




H.6 (508)
Table 3A-continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonall
Savings deposits

Date

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

at commercial
banks

at savings
and loans

1980-NOV.
DEC.

190.7
183.7

113.8
108.9

55.2
53.4

45.3
44.2

405.0
390.2

282.7
290.7

349.1
358.0

88.6
91.2

14.1
15.5

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.S
787.7
794.8

APR.
MAY
JUNE

172.2
169.2
166.6

101.7
99.6
98.5

50.8
49.9
49.5

41.7
41.0
40.7

366.4
359.7
355.4

313.3
318.1
323.6

368.5
368.6
369.4

94.5
94.8
95.6

18.9
19.6
20.3

795.. 2
801.0
808.9

JULY
AUG.
SEPT.

166.1
161.9
158.5

97.6
95.0
93.5

49.2
47.9
47.3

40.0
38.8
38.0

352.9
343.7
337.3

325.6
332.6
337.9

367.6
367.0
368.0

95.6
95.9
96.3

20.8
21.3
22.0

609.6
816.8
824.. 2

156.7
156.3

92.1
91.0

46.6
45.7

37.1
36.7

332.6
329.7

345.8
349*1

371.5
374.2

97.3
98.7

23.0
23.6

837.6
845.7

OCT.
NOV.

P

at mutual
savings banks

at
credit unions

total

at commercial
banks

HEEK ENDING:

1981-NOV.

DEC.

1/

4
11
18
25
2 P
9 P

155.4
156.2
156.6
156.6

348.2
348.9
348.8
349.6

156.5
157.3

349.9
350.4

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




total

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
savings
total
banks2
banks
and loans

Date

Term RP$3
at
commercial
banks

at thrift

total

institutions

Term
Eurodollars
(net)4

Savings
bonds

Short-term f Bankers
Commercial
Treasury
acceptances^
paper7
securities^

1980-NOV.
DEC.

205.6
217.8

38.0
39.1

4.4
4.5

248.0
261.4

29.0
30.5

8.5

37.1
38.9

46.3
48.4

72.9
72.7

150.8
156.8

31.3
31.4

100,3
100.0

1981-JAN.
FEB.
NAB.

225.8
230.5
227.7

40.4
41.1
41.3

4.6
4.7
4.7

270.8
276.3
273.8

31.9
31.3
29.3

8.5
8.1
8.3

40.4
39.5
37.6

50.2
52.2
52.2

71.9
71.1
70.6

163.1
168.9
166.4

32.1
33.3
33.9

99.3
100.4
96.2

APR.
MAY
JUNE

221.9
228.5
233. 1

41.6
42.7
43.4

4.8
5.0
5.1

268.3
276.3
281.6

29.6
30.5
31.5

8.9
9.7
10.9

38.5
40.2
42.4

52.6
57.0
57.9

70.1
69.7
69.4

160.9
161.9
162.4

34.7
35.4
36.2

96.6
100.0
99.9

JULY
AUG.
SEPI.

236.7
243.2
246.2

44.0
44.9
45.7

5.3
5.5
5.7

286.0
293.6
297.6

30.6
29.0
30.6

13.0
14.8
16.5

43.5
43.7
47.1

58.7
61.0
61.2

69.1
68.8
68.5

159.9
162.1
168.0

36.5
36.8
37.4

99.5
102.8
104.4

246.0
246.0

46.2
46.1

5.8
5.9

297.9
298.0

30.0
32.1

16.4
15.5

46.4
47.5

OCT.
NOV.

P

8.1

UEEK ENDING:
1981-NOV.

DEC.

1/

2/
3/
V
5/
6/
7/

4
11
18
25
2 P
9 P

244.8
244.8
244.9
248.0

30.9
31.2
30-9
31.8

247.5
247.7

36.3
32.1

LABGE DENOMINATION TIME DEPC)SITS ARE THOSE ISSUED I N AMOUNTS OF 1100.000 OB MORE. EXCLUDING THOSE BOOKED AT : NTEBNATIONAL

BANKING FACILITIES (IBFS).
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THRIFT
INSTITUTIONS.
TEFF. RPS ARE THOSE rflTH ORIGINAL MATURITY GREATER TEAN ONE DAY AND EXCLUDE CONTINUING CONTRACTS.
ihUti EURODOLLARS ARE THOSE KITH ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERH 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 MARKE1 MUTUAL FUNJS.
NET OF BANKERS ACCEP1 ANCF.S HELD BY ACCEITIMG BANKS, F.R. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LOAN BANK
SYSTEM, AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL P/PER LESS COMMERCIAL emPER 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
Date

foreign commercial
banks

foreign official
institutions 1 '

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

1980-NOV.
DEC.

12-5
12-7

3.4
3.7

11.5
11.5

2.5
2.8

3.0
2.7

4.1
6.3

9.6
11.7

0.8
0.8

1981-JAN.
i EB.
HAfi.

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

0.8
0.8
0.8

APfi.
MAY
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

JULY
AOG.
SEPT.

12.7
12.8
13.3

3.3
3.3
3.5

10.6
10.2
10.2

2.8
2.7
3.3

3.1
3.2
3.2

7.9
4.8
7.8

13.8
10.7
14.3

0.8
0.8
0.7

12.5
12.3

2.d
2.9

10.1
9.9

2.6
2.7

3.3
3.1

10.9
7.0

16.. 8
12.8

0.7
0.8

12.5
11.6
12.2
12.2

3.0
3.3
2.8
2.7

9.8
9.8
9.9
10.0

3.0
2.4
3.2
2.3

3.4
3.1
3.2
2.8

11.9
6.6
5.3
7.0

18.3
12.1
11.7
12.1

0.7
0.8
0.8
0.8

13.5
12.4

2.8
3.4

9.9
9.8

2.5
2.5

3.0
2.7

6.1
3.6

11.7
8.7

0.8
0.7

OCT.
MOV.

P

SEEK ENDING:
1981-NOV.

DEC.

1/




4
11
18
25
2 P
9 P

EXCLUDES TIME DEPOSITS BOOKED AT INTERNATIONAL BANKING FACILITIES.

SPECIAL SUPPLEMENTARY TABLE
Variable Ceiling Time Deposits, All Savers Certificates, and Retail Repurchase
Agreements At All Insured Commercial Banks and All Mutual Savings Banks
September 30, 1981, October 28, 1981 and November 25, 1981
(not seasonallly adjusted)^

Liability Categories

6-month money market certificates^
(standard error of the estimate)
2-1/2 year and over variable ceiling
certificates-^
(standard error of the estimate)

Insured Commercial Banks
September 301 October 28|November 25
Amount Outstanding
(§ millions)
227,283
(1,744)

46,017
(1,091)

220,789
(1,622)

217,684r
(l,660)r

51,351
(1,154)

55,195r
(l,241)r

Mutual Savings Banks
September 301 October 281 November 25
Amount outstanding
($ millions)
54,105
(419)

51,801
(330)

51,205
(350)

16,525
(265)

17,870
(278)

18,672
(290)

All Savers Certificates^
(standard error of the estimate)

6
6

12,807
(270)

16,946r
(344)r

6
6

3,299
(61)

4,148
(65)

Retail repurchase agreements^
(standard error of the estimate)

6
6

4,243
(263)

4,444r
(307)

6
6

1,285
(74)

1,400
(95)

Number of Offering Iiistitutions

Numbe,r of C)ffering In?stitutions
6-month money market certificates

13,938

14,090

6

452

6

6

2-1/2 year and over variable ceiling
certifcates

13,571

13,528

6

452

6

6

6

6

All Savers Certificates

6

Retail repurchase agreements

6

6
3,960

6

6

4,203r

6

194

200

1. Estimates for November are based on data collected by the Federal Reserve from a statified random_.sample of
554 banks and 100 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 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.
4. All Savers Certificates are one-year nonnegotiable time deposits that have an annual investment yield equal
to 70 percent of the average yield for 52-week U.S. Treasury bills.
5. Retail repurchase agreements are in denominations of less than $100,000 with maturities of less than 90 days
that arise from the transfer of direct obligations of, or obligations fully-guaranteed as to principal and interest
by, the U.S. Government or an agency thereof.
6. Information not available,
r—revised.