Full text of H.6 Money Stock Measures : December 5, 1980
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FEDERAL RESERVE statistical release For Immediate Release H.6 (508) DEC. 5 , 1980 Table 1 MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, seasonally adjusted unless otherwise noted M1-B M1-A Currency plus demand deposits 1 Date MI-Aplus other checkable deposits at banks and thrift institutions 2 M2 Addenda: Overnight RPs at commercial banks plus overnight Eurodollars 3 NSA Money market mutual fund shares NSA 1979-OCTNOV. DEC. 366.6 368.0 369.7 382.9 384.2 386.4 28.8 25.7 25.3 36.9 40.4 43.6 1980-JAN. FEB. MAS. 370.8 373.7 373. 1 388.1 391.3 391.2 26.6 27.1 24.5 APR. MAY JUNE 367.6 367.8 371.3 386.6 386.2 390.9 JULY AUG. SEPT. 373.7 379.7 383.7 OCT. P M3 M1-Bplu$ 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^ 1510.1 1516.4 L M3 plus other liquid assets© 1525.5 17 5 7 . 8 1765.4 1775.5 2120.4 2126.4 2141.1 49.1 56.7 60.9 1534.5 1546.7 1553.1 1786.9 1804.5 1811. 1 2155.2 2175.9 2190.1 20.3 21.3 22.5 60.4 66.8 74.2 1549.9 1562.1 1585.7 1811. 1 1824.2 1844.5 2200.7 2216.6 2229.1 394.5 401.6 406.9 26.6 28.9 30.1 80.6 80.7 78.2 1609^.7 1629.2 1640.9 1865.2 1886.3 1900.8 2244.0 2269.3 2296.0 386.7 410.7 30.4 77.4 1653.6 1918.2 381.7 386.1 387.7 387.2 386.5 404.8 410.2 411.8 411.4410.5 30.4 30.5 28.3 31.0 31.6 77.3 77.5 77.1 77.1 77.6 388.6 390.6 388.5 389.6 413.3 415.8 413.5 414.7 31.2 29.8 33.0 33.1 77.5 77.3 77.0 76.5 WEEK ENDING: 1980-OCT. 1 8 15 22 29 NOV. 1/ 2/ 3/ 4/ 5/ 6/ 5 12 19 26 P P P P INCLUDES (1) 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. M1-A PLUS NOW AND ATS ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS. 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 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 HAS BEEN MADE TO AVOID DOUBLE COUNTING OF THE PUBLIC'S MONETARY ASSETS. THE DIFFERENCE 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 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 I N HONEY SUPPLY DATA, WHICH ARE OFTEN HIGHLY VOLATILE AND SUBJECT TO REVISION I N 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 M1-B M1-Aplus other checkable deposits at banks and thrift institutions 2 Addenda: Overnight RPs at commercial banks plus overnight Eurodollars3 Money market mutual fund shares M2 M3 M1-Bplus M2 plus large overnight RPs time deposits and Eurodollars, MMMF shares, and and term RPs at savings and small commercial banks time deposits at and thrift institutions^ commercial banks and thrift institutions^ L M3 plus other liquid assets*? Date Currency plus demand deposits 1 197 9-OCT* MOV. DEC. 368,2 370,6 379.2 384,5 386,8 396,0 28.8 25.7 25.3 36.9 40.4 43.6 1510.1 1511.8 1527.3 1758.4 1762.0 1780.8 2118.6 2124.8 2143.6 1980-JAN, FEB. MAB. 375,6 365,5 366.3 392,9 383,1 384.4 26.6 27.1 24.5 49.1 56.7 60.9 1537.8 1538.6 1550.0 1792.1 1796.6 1808.8 2161.8 2173.3 2190.8 APB. HAY JUNE 370.9 362.2 370.1 389.9 380.5 389.7 20.3 21,3 22.5 60.4 66.8 74.2 1558.1 1559.2 1587.5 1817.3 1820.1 1843.9 2208.7 2210.9 2227.3 JULY AUG. SEPT, 375.7 377.5 382.9 396.5 399.4 406, 1 26.6 28.9 30.1 80.6 80.7 78.2 1615.1 1626.2 1638.9 1868.3 1883.3 1898.5 2245.3 2265.2 2285.5 OCT. P 388.3 412.4 30.4 77.4 1654.1 1919.4 378.9 390.9 392.0 387.2 383.0 402.0 415.0 416.1 411.3 407,0 30.4 30,5 28.3 31.0 31.6 77.3 77.5 77.1 77. 1 77.6 392.7 394,4 391.9 388.1 417.4 419.7 416.9 413.2 31.2 29.8 33.0 33.1 77.5 77.3 77.0 76.5 WEEK ENDING: 19 8 0 - O C T . 1 8 15 22 29 NOV. 5 12 19 26 NOTE: P P P P SEE TABLE 1 FOP FOOTNOTES. H.6 (508) Table 2 MONEY STOCK MEASURES AND LIQUID ASSETS Percent change at seasonally adjusted annual rates Date M1-A M1-B Currency plus demand deposits 1 MI-Aplus 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^ OCT. FROM: JULY 1980 (3 MONTHS PREVIOUS) 13.9 16.4 10.9 11.4 APR. 1980 (6 MONTHS PREVIOUS) 10,4 12.5 13.4 11.8 OCT. 1S7S {12 MONTHS PREVIOUS) NOV. 2 6 , FOUR WEEKS ENDING: FROM FGUR WEEKS ENDING: 27, 1980 (13 WEEKS PREVIOUS) MAY 28, 1980 (26 WEEKS PREVIOUS) NOV. 28, 1979 (52 WEEKS PREVIOUS) SEE TABLE 1 FOP FOOTNOTES. 7.3 1980 AUG. NOTE: 5.5 9.8 11.6 5.8 12.4 14.5 7.8 9.5 9.1 H.6 (508) Table 3 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollar;, seasonally adjusted unless otherwise noted 1 Date Currency Demand deposits 2 Other checkable deposits 3 Overnight RPs (net) 4 Overnight Eurodollars5 NSA NSA NSA Money market mutual funds 6 NSA Savings deposits at at thrift commercial institutions banks total Small denomination time deposits? at at total commercial thrift banks institutions 1979-OCT. NOV. DEC. 105.5 105.9 106.3 261.1 262.1 263.4 16.3 16.2 16.7 25.3 22.5 21.7 3.2 3.6 36.9 40.4 43.6 202.0 196.1 194.2 234.0 225.2 222.5 436.0 421.3 416.7 227.5 237.0 241.5 400.9 410.8 415.1 628.4 647.8 656.5 1980-JAN. FEB. NAB. 107.3 108,1 108.9 263.5 265.6 264.2 17.3 17.6 18.0 22.6 23.0 21.0 4.1 4.1 3.6 49. 1 56.7 60.9 192.2 188.6 183.0 219.6 214.6 208.9 411.8 403.1 391.9 245. 9 251.2 260. 1 415.9 420.2 427.5 661.8 671.4 687.6 APP. MAY JUNE 109.0 110.1 111.0 258.6 257.7 260.3 19.0 18.4 19.6 17.6 18.5 19.6 2.7 2.8 2.9 60.4 66.8 74.2 176.4 175.3 180.1 201.0 197.4 201.3 377.3 372.7 381.4 271.9 275.1 274.4 436.4 443.0 445.2 703.3 718.0 719.6 JULY AUG. SEPT. 112.0 113. 4 113.9 261.6 266.3 269.8 20.8 21.9 23.2 23.0 25.2 26.4 3.6 3.7 3.7 80.6 80.7 78.2 185.9 190.0 191.2 207.9 213.9 216.7 3 93.8 4 03.9 4 07.9 273.7 273.7 275.1 443.5 443.5 445.8 717.2 717.1 720.9 OCT. P 115. 1 271.6 24.1 26.0 4.4 77.4 192.7 217.7 410.4 277.6 450.3 727.9 1 "" 8 15 22 29 114.6 114.7 115.0 115.3 115.6 267. 1 271.5 272. 8 272.0 270.9 23.1 24.1 24.1 24,1 24.1 26.2 26.4 23.8 26.6 27.1 4.2 4.1 4.5 4.4 4.5 77.3 77.5 77. 1 77. 1 77.6 191.5 193.1 192.4 192.4 192.8 275.3 275.7 277.9 278.5 278.7 5 12 19 26 1T5.6 116.0 115.8 116.1 273.0 274.6 272.7 273.5 24.7 25.3 25.0 25.1 26.8 25.6 28.3 27.9 4.4 4.2 4.7 5.3 77.5 77.3 77.0 76.5 193.3 193.2 191.0 190.3 278.9 28 2 . 5 285.1 287.1 3.5 WEEK ENDING: 1980-OCT. NOV. 1/ 2/ 3/ 4/ 5/ 6/ 7/ P P P P CURRENCY OUTSIDE THE 0.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. GOVEPNMSNT 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 3Y MONEY MARKET MUTUAL FUNDS. ISSUED BY CARIEBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. NONBANK CUSTOMERS. TOTAL MCNEY 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 banks2 institutions total Date at commercial banks NSA Term RPs3 at thrift institutions NSA total NSA Term Eurodollars (net)4 NSA Savings bonds Short-term Treasury securities^ Commercial Bankers paper7 acceptances^ 1979-OCT. NOV. DEC. 188.9 190.3 189.1 25.9 28.2 30.3 214.8 218.5 219.4 25.7 23.6 23.8 7.2 6.9 6.7 33.0 30.5 30.5 33.2 34.0 31.9 82.2 80.3 80.0 123.7 122.1 127.5 27.1 28.6 28.9 96.4 96.0 97.3 1980-JAN. FEB. HAB. 190.6 195.1 196.7 31.9 33.5 34.1 222.5 228.6 230.7 23.3 22.7 20.6 6.6 6.6 6.6 29.9 29.2 27.2 34. 1 37.5 37.4 79.2 78.1 76.8 127.6 128.8 136.3 28.4 27.6 28.8 99.0 99.3 99.8 APR. MAY JUNE 199.3 199.1 T94-8 34.9 35.9 35.9 234.2 235.0 230.7 20.6 20.6 21.6 6.5 6.5 6.5 27.1 27.1 28.1 37.9 37.8 36.0 75.2 74.0 73.3 146.3 151.8 148.6 29.5 29.4 30.2 1O0.6 99.5 96.5 JULY AUG. SEPT. 190.0 188.6 191.2 36.2 36.7 37.8 226.2 225.3 229.0 22.6 25.0 24.3 6.7 6.7 6.6 29.3 31.7 30.9 36.0 37.0 34.9 72.8 72.6 73.2 144.2 147.2 157.3 30.1 29.6 31.3 95.8 96.6 98.5 192.9 39.3 232.2 25.7 6.6 32.3 OCT. P WEEK ENDING: 1980-OC1. 1 8 15 22 29 NOV. 5 12 19 26 1/ 2/ 3/ 4/ 5/ 6/ 7/ P P P P 192.5 192.5 193.1 191.9 193.4 25.2 24.2 26.3 25.3 27.0 195.9 198.7 202.0 205.2 26.1 26.0 24.4 25.8 LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OP $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. WET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, F.R. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LOAN BANK SYSTEM, AND HONEY MARKET MUTUAL FUNDS. TOTAL CCMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS. H.6 (508) Table 3A COMPONENTS OF MONEY STOCK MEASURES AND LKMMD ASSETS Billions of dollars, not seasonally adjusted - Currency 1 Date at member bank$2 Demand deposits at foreignat domestic related banking nonmember offices bank$3 in the U.S.4 Other checkable deposits total at commercial banksS at thrift institutions 6 total Overnight RPs(net)7 Overnight Money market Eurodollars 8 mutual funds9 1979-OCT. NOV. DEC. 105.2 106-6 108.2 169.0 169.5 175.3 87.9 88.5 90.2 6.0 6.0 5.5 263.0 264.0 271.0 12.5 12.4 12.8 3.8 3.9 3.9 16.3 16.2 16.7 25.3 22.5 21.7 3.5 3.2 3.6 36.9 40.4 43.6 1980-JAN. FEB. NAB. 106.5 106.8 107.9 173.9 165.3 164.9 89.2 86.8 86.6 6.0 6.5 6.8 269.1 258.7 258.4 13.4 13.7 14.0 3.9 3.9 4. 0 17.3 17.6 18.0 22.6 23.0 21.0 4.1 4.1 3.6 49.1 56.7 60.9 APR. HAY JONE 108.7 109.9 111.1 168.6 161.3 166.0 87.5 84.5 86.6 6.1 6.4 6.4 262.2 252.2 259.0 14.9 14.3 15.5 4. 1 4. 1 4.2 19.0 18.4 19.6 17.6 18.5 19.6 2.7 2.8 2.9 60.4 66.8 74.2 JULY AOG. SEPT. 112.7 113.7 113.7 167.9 169.2 173.1 88.2 88.7 90.3 6.8 6.0 5.9 263.0 263.9 269.2 16.7 17.7 18.7 4.2 4.2 4.5 20.8 21.9 23.2 23.0 25.2 26.4 3.6 3.7 3.7 80.6 80.7 78.2 OCT. P 114.9 175.7 92.0 5.9 273.5 19.5 4.6 24.1 26.0 4.4 77.4 112-9 115.3 115.4 114.7 114.0 171.5 177.2 177.4 174.4 173.5 88.6 92.6 93.3 92.0 89.9 5.9 5.8 5.& 6.1 5.7 266.0 275.6 276.6 272.5 269.0 18.5 19.5 19.5 19.5 19.5 4.6 4.6 4.6 4.6 4.6 23.1 24.1 24.1 24.1 24.1 26.2 26.4 23.8 26.6 27.1 4.2 4.1 4.5 4.4 4.5 77.3 77.5 77.1 77.1 77.6 115.6 117.4 116.7 116.5 177.3 177.1 175.6 173.6 93.7 94.2 93.7 91.7 6.1 5.8 5.9 6.2 277.1 277.0 275.2 271.6 20.0 20.6 20.3 20.4 4.7 4.7 4.7 4.7 24.7 25.3 25.0 25.1 26.8 25.6 28.3 27.9 4.4 4.2 4.7 5.3 77. 5 77.3 77.0 76.5 WEEK ENDING: 1980-OCT. 1 8 15 22 29 NOV. 5 12 19 26 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ P P P P CURRENCY OUTSIDE THE U . S . TREASURY, F . R . BANKS AND THE VAULTS OP COMMERCIAL BANKS. DEMAND DEPOSITS OTHER THAN THOSE DUB TO DOMESTIC BANKS, THE U . S . GOVERNMENT AND FOREIGH BANKS ANE 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 NONHEHBER 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 SHAHB 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 HONEY 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 seasonall / adjusted Date at commercial banks at savings and loans Savings deposits at mutual savings banks at total credit unions at commercial banks Small denomination time deposits'1 at savings at mutual at and loans savings banks credit unions 1979-OCT. NOV. DEC. 201.3 194.8 192.4 124.8 119.6 118.1 63.0 60.7 59.9 45.6 44.1 43.5 434.6 419.2 413.8 228.0 235.1 239.0 314.4 319.5 1980-JAN. FEB. MA*. 191-3 187.5 183.6 116.5 113.5 111.1 59.0 57.5 5€.3 42.5 41.6 41.2 409.2 400.0 392.2 APR. MAY JUNE 178.0 176.5 180.7 106.8 104.8 108.3 54.3 53.2 54.2 40.6 39.9 40.3 JULY AUG. SEPT. 187.0 190.1 190.9 112.9 116.0 117.8 55.7 56.6 57.0 OCT. P 192.0 1T7.3 56.8 WEEK 1 8 15 22 29 NOV. 1/ 322.4 77.1 78.7 79.7 8.7 9.5 10.3 628.2 642.7 651.5 245.5 251.9 260.9 325.7 329.1 333.8 80.7 81.7 83.3 11.1 11.9 12.9 662.9 674.6 690.9 379.7 374.4 383.6 272.2 276.2 275.8 339.3 341.4 341.7 85.6 86.9 87.1 13.8 14.6 15.7 710.9 719.1 720.4 41.1 41.9 42.6 396.7 404.6 408.2 274.0 273.4 275.1 340.2 338,5 339.8 86.9 86.8 87.3 16.6 16.9 17.1 717.7 715.6 719.4 43.0 409.1 278.4 343.9 88.3 17.3 727.9 ENDING: 1980-OCT. 5 12 19 26 P P P P 191.1 193.1 192. a 191.5 191.4 275.9 276.2 278.7 279.3 279.6 191.9 191.6 189.7 189.3 278.9 •280.8 282.0 283.6 SMALL DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OP LESS THAN $100,000. total H.6 (506) Table 3A-continued COMPONENTS OF MO*$E¥ STOCK MEASURES AND LIQUID ASSETS Billions of dcilars, not seasonably adjusted Large denomination time deposits'! at at mutual savings commercial at savings total banks? banks and loans Date Term RPs3 at commercial banks at thrift total institutions Term Eurodollars (net)4 Savings bonds Commercial Bankers Short-term paper7 acceptances^ Treasury securities^ 19 7 9 - O C T . 189.1 DEC. 191.6 193.5 23.8 25.4 26.8 2.5 2.6 2.7 219.7 223.0 25.7 23.6 23.8 7.2 6.9 6.7 33.0 30.5 30.5 33.2 34.0 31.9 80.5 80.3 80.0 123.9 127.2 27.0 27.6 26.6 95.4 97.1 97.2 FF.3. 3AR. 193.3 196,1 198.3 28.4 29.9 30.6 2.8 2.8 2.8 224.4 228.8 231.6 23.3 22.7 20.6 6.6 6.6 6.6 29.9 29.2 27.2 34.1 37.5 37.4 79.2 78.2 76.8 130.2 132.1 138.1 27.5 28.9 29.8 98.7 100.0 99.8 HA? JUNE 197.7 193-1 191.9 31.6 32.8 33.5 2.9 2.9 2.9 232.2 233.9 228.4 20.6 20.6 21.6 6.5 6.5 6.5 27.1 27.1 28.1 37.9 37.8 36.0 75.1 73.9 73.5 147.6 151.7 146.0 30. 1 30.1 30.5 100.7 97.4 97.3 JU7.Y AUG. SEPT. 186.7 187.5 183.9 34.1 35.0 35.9 2.9 2.9 2.9 223.8 225.4 228-7 22.6 25.0 24.3 6.7 6.7 6.6 29.3 31.7 30,9 36.0 37.0 34.9 73.3 73.2 73. 1 141.6 146.0 151.1 29.9 30.0 96.2 95.6 96.6 OCT. P 193.1 37.0 2.9 233.0 25.7 6.6 32.3 1930-JAN. 215.4 124.0 31.3 WEEK E N D I N G : OCT. 1 a 15 22 23 tfOV. 1/ 2/ 3/ 4/ 5/ 6/ 7/ 5 12 19 26 P P ? P 191.7 192.0 192.3 19 2.2 19*1,5 25.2 24.2 26.3 25.3 27.0 196.a 199-1 203.0 ?G7.1 26.1 26.0 24.4 25.8 LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OP $100,000 OR MORE. LARGE DENOMINATION TINE 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 EUBODOLLARS 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 HITH 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 CCJ1M3RCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS. H.6 (506) Table 4 MEMORANDA ITEMS Billiont of dollars, not seasonally adjusted Demand deposits at banks due to Date foreign commercial banks foreign official institutions Time and savings deposits due to foreign commercial banks and foreign official institutions demand deposits at Federal Reservit 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 bank 1979-OCT. NOV. DEC. 11.5 11.6 12.2 2.5 3.2 3.4 9.2 8.8 9.9 2.1 2.3 2.7 3.3 3.0 3.0 9.6 3.3 6.9 15-0 8.6 12.6 1.0 0.9 0.8 1980-JAN. FEB. WAR. 11.8 12.0 12.7 3.6 3-3 3-2 9.4 8.8 8.8 3.0 2.7 2-7 3.1 3.4 2.7 9.6 9.0 5.1 15.7 15.1 10.5 0.7 0.7 0.7 APR. HAY JUNE 12.3 13.0 12.1 3,5 3.3 2.9 9.2 9.6 10.0 3.5 2.5 3.2 2.6 2.8 2.9 5.4 5.9 6.8 11.6 11.2 12.9 0.7 0.6 0.6 JULY AUG. SEPT. 12.0 11.5 11.5 3.0 2.9 2.6 10.0 10.0 10.3 3.1 2.6 3.1 3.1 3.3 3.3 6.1 6.5 11.0 12.3 12.4 17.3 0.5 0.6 0.6 OCT. P 11.8 2.7 10.5 3.0 3.2 9.7 15.9 0.6 11.7 11.6 12.3 11.6 11.4 2.7 2.6 2.9 2.7 2.5 10.3 10.4 10.4 10.5 10.5 2.6 3.8 3.3 2.5 2.3 4.3 3.3 3.3 3.2 3.2 17.6 12.0 6,8 9.2 10.1 24.5 19.2 13.4 15.0 15.6 0.6 0.6 0.6 0.6 0.6 11.8 12.7 12.6 12.1 3.6 3.2 2.7 2.9 10.5 10.4 10.5 10.3 3.3 2.5 3.0 2.2 2.3 3.1 3.5 2.9 8.2 2.1 1.9 5.6 13.7 7.7 8.4 10.7 0.6 0.6 0.6 0.6 . WEEK ENDING 1980-OCT. 1 8 15 22 29 NOV. 5 12 19 26 P P p P SPECIAL SUPPLEMENTARY TABLE Variable Ceiling Time Deposits at All Insured Commercial Banks and All Mutual Savings Banks August 27, 1980, September 24, 1980, and October 29, 1980 (Not seasonally adjusted)^ Insured Commercial Banks August 27 September 24 October 29r Mutual Savings Banks August 27 September 24 October 29r Amount outstanding (millions of dollars): 6-month money market certificates2 (Standard error of the estimates) 2-1/2 year and over variable ceiling certificates3 (Standard error of the estimate) 146,725 (2065) 148,990 (2072) 152,680 (2253) 41,101r (671) 41,462r (610) 41,530 (798) 23,612 (678) 26,010 (723) 28,930 (801) 8,884 (244) 9,301 (311) 9,745 (311) 13,86/ 13,984 14,262 463 463 463 12,952 13,147 14,262 463 463 463 97.0 93.9 94.2 89.6 91.6 99-7 85.6 91.4 89.0 88.3 92.2 96.5 Number of institutions offerings 6-month money market certificates2 2-1/2 year and over variable ceiling certificates Percent of offering institutions paying the ceiling rate during the survey period: 6-month money market certificates2 2-1/2 year and over variable ceiling certificates JV 2/ 3/ r—revised. Estimates for October are based on data collected by the Federal Reserve and the FDIC from a stratified random sample of 491 commercial banks and 82 mutual savings banks. 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 six-month Treasury bill (auction average). See Table 1.16 In the Federal Reserve Bulletin for specific ceiling rates. 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. FEDERAL RESERVE statistical release At tachment \o H.6 December MONEY STOCK SEASONAL FACTORS, 1981 Shown below are monthly and weekly seasonal adjustment factors for the currency, demand deposits, and the commercial banks time and savings deposits components of the monetary aggregates for the first quarter of 1981. The factors presented here are essentially the same as those employed this year. The seasonal factors shown will be used by the Board in compiling seasonally adjusted money stock measures until revised in the early part of 1981. ! O0MVERCIAL BANK MONTHLY CURRENCY January February March .9930 .9880 .9910 DEMAND DEPOSITS SAVINGS DEPOSITS j LARGE SMALL DENOMINATION DEHDMINATION TIME DEPOSITS | TIME DEPOSITS 1.0210 .9740 .9780 .9950 .9940 1.0040 .9980 1.0030 1.0030 1.0140 1.0050 1.0080 1.0080 .9990 .9900 .9790 1.0590 1.0390 1.0180 .9820 .9945 .9960 .9960 .9950 .9990 .9960 .9950 1.0000 1.0185 1.0150 1.0135 1.0120 .9850 .9960 .9920 .9780 .9880 .9830 .9770 .9540 .9925 .9940 .9945 .9945 1.0000 1.0020 1.0040 1.0060 1.0080 1.0055 1.0040 1.0025 11 18 25 .9860 1.0000 .9930 .9880 .9790 .9820 .9850 .9650 .9960 1.0000 1.0035 1.0070 1.0040 1.0040 1.0050 1.0030 1.0075 1.0090 1.0075 1.0085 Apr. 1 .9860 .9870 1.0100 1.0010 1.0070 WEEKLY Jan. 7 14 21 28 Feb. 4 11 18 25 Mar. 4 •