Full text of H.6 Money Stock Measures : February 20, 1981
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ee ee FEDERAL RESERVE statistical release '••f<4LRE^ For Immediate Release H.6 (508) FEB. Table 1 20, 1981 MONEY STOCK MEASURES AND LIQUID ASSETS e ' Date e M1-B Currency plus demand deposits 1 M1-A plus other checkable deposits at banks and thrift institutions 2 Addenda: Overnight RPs at commercial banks plus overnight Eurodollars 3 Money market mutual fund shares NSA NSA M2 M3 M1-B plus 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* L M3 plus other liquid assetsG 1980-JAN. FEB. MAR. 370.6 373.5 372.9 388.3 391.4 391.4 27.0 28.3 26.3 49.1 56.7 60.9 1534.7 1547.6 1554.6 1786. 6 1805.4 1813.0 2166.0 2188.5 2203.8 APR. MAY 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. 373.5 379.5 383.4 395.5 402.7 408.0 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. P 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 1673.6 1921.8 1946. 1 1958. 1 2318.8 2346.5 372. 8 416. 1 33.0 80.7 1683.0 1979.4 7 P 14 P P P 382.5 374.0 370.6 367.2 419.1 416.9 416.2 413.2 31.2 34.0 34.0 32.8 76.0 78.7 81.7 83.9 4 P 11 P 367.0 365.7 415. 1 416. 1 32.6 30.4 86.9 89.8 e # M1-A 19 8 1 - J A N . P WEEK ENDING: 1981-JAN. in e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e # # H.6 (508) Table 1A MONEY STOCK MEASURES AND LIQUID ASSETS Date M1-A M1-B Currency plus demand deposits 1 M1-A plus other checkable deposits at banks and thrift institutions 2 Addenda: Overnight RPs at commercial banks plus overnight Eurodollars 3 Money market mutual fund shares M3 M2 M1-B plus 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* L M3 plus other liquid assets® 1980-JAN. FEB. MAR. 375.4 365.3 366.1 393.0 383.2 384.6 27.0 28.3 26.3 49.1 56.7 60.9 1538.1 1539.6 1551.4 1791.9 1797.5 1810.7 2172.6 2185.9 2204.5 APR. MAY 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 2296.1 OCT. P 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 1675.0 1923.0 1942. 1 1963.0 2317.6 2344.7 377.3 420.7 33.0 80.7 1686.4 1984.8 P P P P 399.1 383.9 374.0 360.3 435.7 426.8 419.6 406.3 31.2 34.0 34.0 32.8 76.0 78.7 81.7 83.9 4 P 11 P 362.2 361.0 410.3 411.4 32.6 30.4 86.9 89.8 1981-JAN. P WEEK ENDING: 1981-JAN. FEB. NOTE: 7 14 21 28 SEE TABLE 1 FOR FOOTNOTES. H.6 (508) Table 2 MONEY STOCK MEASURES AND LIQUID ASSETS Percent change at seasonally adjusted annual rates Date JULY 1980 (6 MONTHS PREVIOUS) JAN. 1980 (12 MONTHS PREVIOUS) FEB. FOUR WEEKS ENDING; FROM FOUR WEEKS ENDING: 11, 4.0 6.4 10.4 8.7 0.6 7.2 9.7 1.1 -14.0 1981 12, 1980 (13 WEEKS PREVIOUS) AUG. 13, 1980 (26 WEEKS PREVIOUS) -4.8 o 00 FEB. 13, 1980 (52 WEEKS PREVIOUS) -1. 1 6.7 NOTE: SEE TABLE 1 FOR FOOTNOTES. I NOV. M2 plus large time deposits and term RPs at commercial banks and thrift institutions^ 12.0 o ( 3 MONTHS PREVIOUS) M3 CM 1980 =* OCT. Currency plus demand deposits 1 M1-A plus other checkable deposits at banks and thrift institutions? M2 M1-B plus overnight RPs and Eurodollars, MMMF shares, and savings and small time deposits at commercial banks and thrift institutions^ cr> o FROM: M1-B 0 1 JAN. M1-A 10.8 4 H.6 (508) Table 3 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Currency 1 Date Demand deposits 2 Other checkable deposits 3 Overnight RPs (net) 4 Overnight Eurodollars NSA NSA NSA Money market mutual funds6 NSA at commercial banks Savings deposits at thrift institutions Small denomination time deposits? at at thrift total commercial institutions banks total 1980-JAN. FEB. MAR. 107.3 108.1 108.9 263.3 265.4 264.0 17.7 17.9 18.4 23.0 24.2 22.7 4.1 4.1 3.6 49. 1 56.7 60.9 192.0 188.4 182.7 220.4 215.7 210.6 412.4 4 04.0 393.3 246.0 251.3 260.2 414.9 418.8 425.4 660.9 670.2 685.7 APR. MAY 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. NOV. DEC. P P 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 75.8 193.6 192.2 185.8 220.6 215.6 208.4 414.2 407.9 394.2 277.6 284.9 294.3 446.1 456.7 468.4 723.6 741.6 762.7 1981-JAN. P 116.6 256.2 43.3 27.8 5.1 80.7 177.3 201.8 379.1 303.2 474.2 777.3 P P P P 116. 6 116.5 116.6 116.7 265.8 257.5 254.0 250.6 36.6 42.9 45.6 46.0 25.9 29.1 28.9 27.6 5.2 5.0 5.1 5.2 76.0 78.7 81.7 83.9 180.3 178.4 176.6 175.2 299.8 302.9 304.3 304.7 4 P 11 P 116.8 116.9 250.2 248.9 48.1 50.4 27.4 25.7 5.2 4.6 86.9 89.8 174.2 173.7 306.3 307.3 WEEK ENDING: 1981-JAN. FEB. 1/ 2/ 3/ 4/ 5/ 6/ 7/ 7 14 21 28 CURRENCY OUTSIDE THE U . S . TREASURY, F . R . BANKS AND VAULTS OF COMMERCIAL B ANKb. DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED I N S T I T U T I O N S OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U . S . GOVERNMENT AND FOREIGN BANKS AND O F F I C I A L I N S T I T U T I O N S LESS CASH ITEMS I N THE PROCESS OF COLLECTION AND F . R . FLOAT. INCLUDES ATS AND NOW BALANCES AT ALL I N S T I T U T I O N S , CREDIT UNION SHARE DRAFT BALANCES AND DEMAND DEPOSITS AT MUTUAL SAVINGS INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED TO THE NONBANK PUBLIC BY COMMERCIAL BANKS, 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 I S S U E D I N AMOUNTS OF LESS THAN $ 1 0 0 , 0 0 0 . NET OF AMOUNTS HELD BY MONEY 5 H.6 (508) Table 3-continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Bill ions of dollars, seasonally adjusted unless otherwise noted Large denomination time deposits 1 at thrift at commercial Date total institutions banks? 1980-JAN. FEB. MAR. 189.7 193.9 195.4 31.9 33.5 34.1 APR. MAY JUNE 197.5 197.2 192.7 34.9 35.9 35.9 JULY AUG. SEPT. 187.8 186.6 189.0 36.2 36.7 37.8 at commercial banks NSA Term R P s ^ at thrift institutions NSA 23.7 23.7 6.6 6.6 232.4 233. 1 total NSA Term Eurodollars (net)4 NSA Savings bonds Short-term Treasury securities^ Bankers acceptances® 6.7 30.3 30.3 28.9 45.6 49. 5 49.2 79.2 78.1 76.8 127.8 129.3 137.2 27.7 26.9 27.9 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 29.1 224.0 223.3 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 28.5 226.8 24.7 27.3 26.4 30.0 43. 6 46. 1 74.6 72.9 148.8 149.7 31.0 32.5 221.6 227.4 229.5 228.6 22.2 OC1. NOV. DEC. P 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 1981-JAN. P 213.3 44.5 257.8 31.1 7.5 38.6 WEEK ENDING: 1981-JAN. FEB. 7 P 14 P 21 P 28 P 212.5 214.0 213.4 216.6 30.7 29.2 31.3 32.7 4 P 11 P 218.6 218.4 31.7 31.8 2/ 3/ 4/ V LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED I N AMOUNTS OF $ 1 0 0 , 0 0 0 OR MORE. LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THRIFT I N S T I T U T I O N S . TERM R P S 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 5/ INCLUDES U . S . 6/ N E l U O F T E A N K E B S C ACCEPTAHCES B HELD"BY 0 ACCEPTING BANKS, F . R . BANKS, FOHEIGN O F F I C I A L I N S T I T U T I O N S , SYSTEM, AND MONEY MARKET MUTUAL FUNDS. TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS. 7/ TREASURY BILLS AND COUPONS WITH REMAINING MATURITY OF L E S S THAN 18 MONTHS HELD BY THE NONBANK P U B L I C LESS SUCH THE FEDERAL HOHE LOAN BANK 6 H.6 (508) Table 3A COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, not seasonally adjusted Currency 1 Date at member banks2 Demand deposits at foreignrelated at domestic banking nonmember offices banks3 in the U.S. 4 Other checkable deposits total at commercial banksS at thrift institutions 6 total Overnight RPs (net) 7 Money market Overnight Eurodollars^ mutual funds9 6.5 6.7 268.8 258.5 258.2 13.4 13.6 13.9 4.3 4. 3 4.6 17.7 17.9 18.4 23.0 24.2 22.7 4.1 4.1 3.6 87.0 84.3 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 2.9 167.9 169.2 173.1 87.9 88.3 89.9 6.9 262.7 263.6 268.9 18.0 16.9 5. 1 5. 2 5.6 22.0 25.5 27.9 29.2 3.6 3.7 3.7 5.9 5.9 25.7 28.1 6. 1 27. 1 27.9 27.6 4. 4 4.7 4.6 19 8 0 - J A N • FEB. MAR. 106.6 106.8 107.9 173.9 165.4 164.9 88.9 APR. MAY JUNE 108.7 109.9 111.2 168.6 161.3 166.1 JULY AUG. SEPT. 112.7 113.7 113.7 86.6 86.5 86.2 6.0 6. 1 5.9 18.9 19.8 23.2 24.6 2.8 OCT. NOV. DEC. P 9 P 114.9 116.6 91.5 92.7 92.7 6. 1 6.2 273.1 274.5 276.2 20.6 21.0 6. 0 118.5 175.7 175.7 177.2 1 9 8 1 —JAN. P 115.8 166.1 89.6 5.9 261.5 34.7 8. 6 43.3 27.8 5.1 181.2 94.2 90.2 90.1 85.3 6.1 28.7 34.5 36.8 37.1 7. 9 8. 5 5.8 5.7 281.5 267.6 258.6 246.1 8.9 36.6 42.9 45.6 46.0 25.9 29.1 28.9 27.6 5.2 5.0 5.1 5.2 5.4 5.5 247.2 244.6 38.8 40.8 9. 3 9.6 48.1 50.4 27.4 25.7 5.2 4.6 26.6 WEEK ENDING: 1981-JAN- FEB. 1/ 2/ 3/ V 5/ 6/ 7/ 8/ V P P P P 117.6 116.4 115.4 114.2 4 P 11 P 115.0 116.4 7 14 21 28 171.2 162.8 155. 1 155.7 153.4 86.1 85.7 6.2 8. 8 CURRENC s ; ; s s s i n ; , , , , , . » « = . . . . - h c ™ DEMAND CASH I T DEMAND CASH I T EMS IN THE PROCESS OF COLLECTION AT NONMEMBER BANKS. 11Trx DEPOSIT S AS DESCRIBED IN FOOTNOTE 3 AT AGENCIES AND BRANCHES OF FOREIGN BANKS, EDGE ACT CORPORATIONS AND FOREIGN INVESTMENT COMPANI ES. NOW AND NOW ACC INCLUDE MARKET MUTUAL FUNDS. ISSUED BY CARIBBEAN BRANCHES OF U . S . MEMBER BANKS TO U . S . NONBANK CUSTOMERS. TOTAL MCNSY MARKET MUTUAL FUND SHARES OUTSTANDING. H.6 (508) 7 Table 3A-continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS at commercial banks Date at savings and loans Savings deposits at mutual at savings banks credit unions total at commercial banks Small denomination time deposits 1 at savings at mutual at and loans savings banks credit unions total 1980-JAN. FEB. MAR. 191.1 187.3 183.4 116.5 113.5 111.1 59.0 57,5 56.3 43.3 42.6 42.9 409.8 400.9 393.6 245.5 252. 1 261.0 325.7 329.1 333.8 80.7 81.7 83.3 10.2 10.5 10.9 662.0 673.4 689.0 APE. 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 3 86.9 271.8 275.8 275.4 339.3 341.7 341.7 85.6 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. DEC. P P P 192.9 191.0 184.1 117.2 114.0 109.1 56.7 55.4 54.2 46.2 45.4 44.2 412.9 405.8 391.6 278.4 282.7 291.3 343-7 349.1 358.0 88.5 90.0 92. 1 13.1 14.1 15.5 723.7 735.9 756.9 1981-JAN. P 176.5 104.2 52.7 43.4 376.7 302.6 365.3 94.4 16.3 778.6 WEEK ENDING: 1981-JAN. FEB. 1/ 7 14 21 28 P P P P 179.4 177.8 176.0 174.3 299.5 30 1. 7 302. 8 304. 7 4 P 11 P 173.0 172.8 30 6 . 3 307.9 S H A t t DENOMINATION TIME D E P O S I T S ARE THOSE ISSUED I N AMOUNTS OF LESS THAN $ 1 0 0 , 0 0 0 H.6 (608) Table 3A—continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, not seasonally adjusted Large denomination time deposits 1 at at mutual commercial at savings savings total banks? and loans banks Date at commercial banks Term RP$3 at thrift institutions total Term Eurodollars (net)4 Savings bonds Short-term Treasury securities^ ' Bankers Commercial acceptances® paper7 1980—JAN. FEB. MAR. 192.4 194.9 197.0 28.4 29.9 30.6 2.8 2.8 2.8 223. 5 227.6 230.4 23.7 23.7 22.2 6.6 6.6 6.7 30. 3 30.3 28.9 45.6 49.5 49.2 79.2 78.2 76.8 130.3 132.6 139.0 26-8 28.2 28.9 98.7 100.0 99.8 APR. MAY JUNE 19 5 . 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 7 3.5 148.5 151.9 146.2 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 1 46 . 0 148.7 28.8 28.8 30.0 96.2 95.6 96.8 43.6 46.1 73.0 72.9 149.1 152.0 30.8 31.3 98.1 100.3 OCT. NOV. DEC. P P P 190. 6 198.9 209.4 37.1 38.0 39.1 2.9 3.0 3.0 230.6 240.0 251.5 28.0 28.9 28.9 7.5 7.5 7.6 35.5 36.5 36.5 1981-JAN. P 216.3 40.3 3. 1 259.7 31.1 7.5 38.6 WEEK ENDING: 1981-JAN. FEB. 2yZ 3/ 4/Z 7 14 21 28 P P P P 216.4 217.2 216.3 219.2 30.7 29.2 31.3 32.7 4 P 11 P 220.3 219.6 31.7 31.8 - - - - — ™ c m T m D E N 0 M I N A T I 0 N T I M E D E P 0 S J C I S A T 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. PU^SEUB°D0I,LARS ARE TH0SE ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERM EURODOLLARS HELD BY MONEY MARKET MUTUAL 5/Z c ^ n D T ^ T n o " U ^ T ^ R « « S U R Y B I L L S A N D COUPONS WITH REMAINING MATURITY OF LESS THAN 1 8 MONTHS HELD BY THE NONBANK PUBLIC LESS SUCH S E C U R I T I E S HELD BY MCNEY MARKET MUTUAL FUNDS. 6 / o v Q ' r r M E ^ , n E « L , t , t C C E P T A N C E S H E 1 D B Y ACCEPTING BANKS, F . R . BANKS, FOREIGN O F F I C I A L SYSJEM, AND MONEY MARKET MUTUAL FUNDS. TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS. 7/ INSTITUTIONS, THE FEDERAL HOME LOAN BANK H.6 (506) Table 4 MEMORANDA ITEMS Billions of dollars, not s e c o n d l y 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 1980-JAN. FEB. MAR. 11.8 12.0 12.8 3.5 3.3 3.2 9.6 9.1 9.4 3.1 2.7 2.7 3.1 3.4 2.7 9.6 9.0 5.1 15.8 15.1 10.5 0.9 0.9 0.9 APR. MAY 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 0.6 0.9 OCT. P 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 11.3 3.4 11.6 2.8 3.2 5.1 11.1 0.8 P P P P 11.2 11.0 11.8 11.5 3.4 3.3 3.5 3.1 11.7 11.6 11.5 11.5 2.9 2.3 3.1 2.7 3.0 3.1 3. 1 3.5 4.7 4.0 5.2 5.7 10.5 9.4 11.4 11.8 0.8 0.8 0.8 0.8 4 P 11 P 10.6 13.4 3.6 3.2 11.5 11.5 3.1 2.5 3.3 3.9 7.7 4.1 14.1 10.5 0.8 0.8 1981-JAN. P WEEK ENDING: 1981-JAN. FEB. 7 14 21 28 SPECIAL SUPPLEMENTARY TABLE V a r i a b l e C e l l i n g Time D e p o s i t s a t A l l I n s u r e d Commercial Banks and A l l Mutual Savings Banks November 26, 1980, December 31, 1980, and J a n u a r y 28, 1981 (Not s e a s o n a l l y a d j u s t e d ) * I n s u r e d Commercial Banks November 26 December 31 J a n u a r y 28p Mutual Savings Banks December 31 J a n u a r y 28p November 26 Amount o u t s t a n d i n g ( m i l l i o n s of d o l l a r s ) : 6-month money market c e r t i f i c a t e s ^ ( S t a n d a r d e r r o r of t h e e s t i m a t e s ) 2 - 1 / 2 y e a r and over v a r i a b l e ceiling certificates^ ( S t a n d a r d e r r o r of t h e e s t i m a t e ) 165,359 (1763) 177,619 (1837) 186,363 (1990) 44,211 (680) 49,446 (530) 50,173 (747) 30,678 (953) 32,012 (838) 31,804 (837) 11,531 (377) 11,770 (349) 12,140 (523) 14,254 14,236 14,213 463 462 461 14,254 14,236 14,213 463 462 461 91.3 88.8 96.0 91.3 98.7 97.3 92.7 93.8 89.6 96.5 94.2 n.a. Number of i n s t i t u t i o n s o f f e r i n g s 6-month money market c e r t i f i c a t e s ^ 2 - 1 / 2 y e a r and over v a r i a b l e ceiling certificates P e r c e n t of o f f e r i n g i n s t i t u t i o n s paying t h e c e i l i n g r a t e d u r i n g t h e survey p e r i o d : 6-month money market c e r t i f i c a t e s ^ 2 - 1 / 2 y e a r and over v a r i a b l e c e i l i n g certificates 1/ 2/ 37 p—preliminary. n.a.—not available. E s t i m a t e s f o r J a n u a r y a r e based on d a t a c o l l e c t e d by t h e F e d e r a l Reserve and t h e FDIC from a s t r a t i f i e d random sample of 491 commercial banks and 70 mutual s a v i n g s banks. Money market c e r t i f i c a t e s (MMCs) a r e n o n n e g o t i a b l e time d e p o s i t s i n denominations of $10,000 o r more w i t h o r i g i n a l m a t u r i t i e s of e x a c t l y 26 weeks f o r which t h e maximum p e r m i s s i b l e r a t e of i n t e r e s t on new d e p o s i t s i s r e l a t e d t o t h e d i s c o u n t y i e l d on t h e most r e c e n t l y i s s u e d six-month T r e a s u r y b i l l ( a u c t i o n a v e r a g e ) . See Table 1.16 i n t h e F e d e r a l Reserve B u l l e t i n f o r s p e c i f i c c e l l i n g r a t e s . T h i s c a t e g o r y i n c l u d e s a l l 4 - y e a r and over v a r i a b l e c e i l i n g a c c o u n t s having no l e g a l minimum denomination i s s u e d between J u l y 1 and December 31, 1979 and a l l such 2 - 1 / 2 year and over v a r i a b l e c e i l i n g a c c o u n t s i s s u e d s i n c e J a n u a r y 1, 1980. See Table 1.16 i n t h e B u l l e t i n f o r s p e c i f i c c e l l i n g r a t e s .