Full text of H.6 Money Stock Measures : July 10, 1981

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FEDERAL RESERVE statistical release
For Immediate Release
H.6 (508)
JULY 1 0 , 1981

Table 1

MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seasonally adjusted unless otherwise noted
M1-A
M1-B

Date

Currency plus
demand
deposits
plus travelers
checks'!

MI-Aplus
other
checkable
deposits
(OCD) 2

M1-B less
shifts to OCD
from
non-demand
deposit
sources^

M2

Addenda:

M1-B
Shift adjusted

Overnight RPs
at commercial
banks plus
overnight
Eurodollars

Money market
mutual fund
shares

NSA

NSA

M3

L

M1-B plus
overnight RPs
and
M2 plus large
Eurodollars,
time deposits
MMMF shares, and term RPs6
and savings
and small
time deposits5

M3 plus other
liquid assets7

373.6

394.9

25.2

74.2

1589.3

1851-9

2246.0

JULY
AUG.
SEP1.

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.
MAR.

375.1
367.2
365.8

419.2
421.2
425.8

415.5
415.0
418.0

32.7
31.9
33.2

80.7
92.4
105.6

1680.8
1695.7
1718.4

1988.3
2007.9
2025.9

2408.1
2431.2
2442.3

APR.
MAY
JUNE

366.6
364.9
361.9

433.7
431.5
428.4

423.9
422.1
418.7

34.0
38.5
40.2

117.1
118.1
122.8

1737.8
1743.7
1750.7

2044.3
2059.8
2076.3

1981-JUNE 3
10 P
17 P
24 P

362.1
361.4
361.9
361.6

428.3
429-0
429.0
428.6

39.9
39.3
40.3
41.4

118.4
120.0
122.1
124.8

JULY 1 P

361.1

427.3

39.9

127.0

1980-JUNE

WEEK ENDING:

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.B. FLOAT; (2) CURRENCY OUTSIDE THE TREASURY, F.R. BANKS AND THE VAULTS OF COMMERCIAL BANKS; AND
(3) OUTSTANDING TRAVELERS CHECKS OF NONBANK ISSUERS.
2/ NOW AND ATS ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND
DEPOSITS Al tfUiUAL SAVINGS BANKS. M1-B 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 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 Oh NO5 SEASONALLY ADJUSTED OCD FLOWS ASSOCIATED WITH SAVINGS AND OTHER NON-DEMAND DEPOSIT SHIFTS
IN KAY IS ASSUMED TO BE 27.5 PERCENT. FOR DETAILS OF THE ADJUSTMENT PROCEDURE, SEE THE SUPPLEMENTARY NOTE
ON SHIFT ADJUS1MEN1 CONTAINED IN H-6 RELEASE DATED MAY 29, 1981.
(AND CONTINUING CONTRACT) RPS ARE THOSE ISSUED BY COMMERCIAL BANKS TO THE NONBANK PUBLIC, AND
V OVERNIGHT
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 WILL DIFFER FROM THE SUM OF COMPONENTS PRESENTED
IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE AMOUNT OF DEMAND DEPOSITS HELD BY
THRIF1 INSTITUTIONS AT COMMERCIAL BANKS.
INCLUDES LARGE DENOMINATION TIME DEPOSITS ISSUED BY COMMERCIAL BANKS AND THRIFT INSTIIUTIONS IN AMOUNTS OP
$100,000 OE MORE, LESS HOLDINGS OF DOMESTIC EANKS, THRIFT INSTITUTIONS, THE U.S. GOVERNMENT, MONEY MARKET
MUTUAL FUNDS AND FOREIGN BANKS AND OFFICIAL INSTIIUTIONS.
7/ OTHEK LIQUID ASSETS INCLUDE IKE NONBANK PUBLIC'S HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY
SECURI1I5S, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND TERM EURODOLLARS NET OF MONEY MARKET MUTUAL FUND
HOLDINGS C£ THESE ASSETS.
NOTE: P IHDICA1ES- PRELIMINARY DATA. SPECIAL CAUTION SHOULD BE TAKE1I IN INTERPRETING WE2K-T0-WEEK CHANGES IN
MCNEY SUi'PLS DATA, WHICH ARE OFTEN HIGHLY VOLATILE AND SUBJECT TO REVISION IN SUBSEQUENT WEEKS AND
MONTHS. FfcEliMINARY 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

Currency plus
demand
deposits
plus travelers
checksi

M1-B

M1-B
Shift adjusted

Addenda:

MI-Aplus
other
checkable
deposits
(OCD) 2

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

Overnight RPs
at commercial Money market
banks plus
mutual fund
shares
overnight
Eurodollars^

M2

NSA

NSA

M3

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

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.
MAE.

378.9
358.7
358.9

423.5
411.5
417.8

419.8
405.3
410.1

32.7
31.9
33.2

80.7
92.4
105.6

1683-6
1685.1
1713-3

1993.9
1999.8
2023.5

2411-0
2424.3
2443.1

APE.
NAY
JUNE

369.5
359.4
361.2

436.7
424.4
428.0

426.9
415-1
418.4

34.0
38-5
4 0.2

117.1
118.1
122.8

1745.4
1737.7
1752.9

2050.8
2052.8
2072.9

1980-JUNE 3
10 P
17 P
24 P

359.0
362.9
364.2
357.6

425.0
430.6
432.1
424.4

39.9
39.3
40-3
41.4

118.4
120.0
122.1
124.8

JULY 1 P

360.1

426.2

39.9

127.0

1980-JUNE

WEEK ENDING:

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

M1-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 PROM:

HAS.

1981

(3 MONTHS PREVIOUS)

-4.3

2.4

7.5

10.0

DEC.

1980

(6 MONTHS PREVIOUS)

-13.3

6.2

9.7

11.5

JUNE

1980

( 1 2 MONTHS PREVIOUS)

-3.1

8.5

10.2

12.1

FOUE WEEKS ENDING:
JULY
FROM FOUR WEEKS ENDING:

1,

1981

APR.

1,

1981

( 1 3 WEEKS PREVIOUS)

-4.4

2.5

DEC.

31,

1980

(26 WEEKS PREVIOUS)

-13.2

6.6

JULY

2,

1980

(52 WEEKS PREVIOUS)

-3.3

8.4

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
Travelers
checks 3

Other
checkable
deposits 4

Overnight
(net)*

Overnight
Eurodollars 6

NSA

NSA

RPs

Money
market
mutual
funds 7

Small denomination time deposits 8

Savings deposits

at

at
commercial
thrift
banks
institutions

at

at

Currency 1

Demand
deposits*

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

JULY
AUG.
SEPT.

112 . 1
113 . 4
113 . 8

260. 7
265. 4
268. 6

3.8

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

4.0
4.1
4.2

26.3
27 . 9

4.7
4.5

77.4
77.0
75.8

190.3
191.4
185.1

217.5
214.7

28 . 1

28.3
28.1
27.9

4,. 4

116 . 1

271. 2
271. 6
267. 4

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.
MAR.

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
4.5

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.
MAi
JUNE

118. 9
119.,8
119, 9

243. 1
240. 7
237. 8

4.6
4.4

67 . 3
66 . 9
66 . 7

29.3
32.4
34.3

4.7
6.1
6.0

117.1
118.1
122.8

172.0
169.7
166.4

195.0
191.3
187.1

367. 0
361. 0
353. 5

312.1
316.2
321.8

477.9
432.5
487.7

790.0
798.6
809.4

3
10 P
17 P
24 P

119. 1
119. 6
119. 8
120. 0

238. 6
237. 5

237.8
237. 4

66.
67.
67,
67.

5
9
4
3

33.8
34.0
34.3
35.3

6.1
5.4
6.1
6.2

118.4
120.0
122.1
124.8

167.3
166.8
166.1
165.7

320.1
321.5
321.9
322.3

1 ?

120. 2

236. 7

66. 5

33.7

6.3

127.0

165.7

322.3

Date

1980-JUNE

115.7

3.9
4.0

a.3

tota

thrift
commercial
institutions
banks

total

NSA

WEEK ENDING:

1981-JUNE

JUL1

1/
2/
3/
4/

5/
6/
7/
8/

CUhHENCY OUTSIDE THE U.S. TREASURY, F.H, 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. GOVEiiNMEN'x' 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 MUTUAL SAVINGS
BANKS. 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 or dollars, seasonally aajusiea unless oinerwise noiea
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.
DniC.

196.8
202.8
212.5

41.0
42.6
44.2

237.7
245.4
256.8

27.S
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

1931-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
51.0
50.7

71.9
71.1
70.7

165.5
169.8
164.4

33.0
32.0
33.0

99.2
99.4
97.6

APR.
MAY
JUNE

222.6
230.9
239.1

46.9
47.7
47.8

269.5
278.6
286.9

28.3
28.3
29.3

8.8
9.2
9.4

37.0
37-5
38.7

1960-JUNE

»EEK ENDING:

1^81-JUNE

3
10 P
17 P
24 P

237.9
238.0
238.0
238.2

29.4
30.3
30.0
28.7

JULY

1 P

241.6

27.9

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

LAhGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE.
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LAfiGE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THfilFT INSTITUTIONS.
TEiiM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY AND EXCLUDE CONTINUING CONTRACTS.
TERM EURODOLLARS ARE THOSE H U H ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERM EURODOLLARS HELD BY MONEY MARKET MUTUAL
FUNDS.
INCLUDES U.S. I'REASURY 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 EANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, F.R. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LOAN BANK
SYSldH, 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 STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonally adjusted

Date

1980-JUNE

1

Currency

at member
banks2

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

Other checkable deposits

total

Travelers
checks5

at
commercial
banks6

at thrift
Institutions7

total

Overnight
RPs (net)*

Overnight Money market
Eurodollars9 mutual 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

112.7

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

JULY
AUG.
SEPT.

113.7
113.7

167.9
169.1
173.0

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

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
48.0

9.1
10.1
11. 1

44.8
53.0
59.2

27.5
27.0
28.7

5.2
4.9
4.5

80.7
92.4
105.6

APE.
MAY
JUNE

118.4
119.3
119.9

156.2
148.0
149.1

85.7
82.8
82.5

4.8
5.1
5.3

246.8
235.9
236.9

4.3
4.2
4.4

54.9
52.5
54. 1

12.6
12.8
13.0

67.5
65.3
67.1

29.3
32.4
34.3

4.7
6.1
6.0

117.1
118.1
122.8

77.0
75.8

WEEK ENDING:

1981-JUNE

3
10 P
17 P
24 P

118.8
120.8
120.1
119.6

147.4
149.2
151.0
147.5

83.0
83.4
83.7
81.0

5.4
5.1
5.1
5.1

235.8
237.7
239.7
233.6

53. 1
54.5
54.9
54.0

13. 1
13.5
13.3
13.1

66.3
68.0
68.1
67.1

33.8
34.0
34.3
35.3

6.1
5.4
6.1
6.2

118.4
120.0
122.1
124.8

JULY

1 P

119.5

149.1

81.4

5.5

236.0

53.3

13.1

66.4

33.7

6.3

127.0

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 ACCOUNTS AT BANKS.
NOW AND ATS ACCOUNTS AT SAVINGS AND LOANS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE DRAFT BALANCES, AND OTHER 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. MEMEER 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
Date

Savings deposits
at
at mutual
credit unions
savings banks
43.2

386.3

274.7

341.7

86.3

12.4

715. 1

* 44.9
45.5
46.0

400.3
408.0
411.4

272.7
272.1
27 3.8

340.2
338.5
339.8

86.0
85.8
86.2

12.2
12.6
12.7

711. 1
709.0
712.5

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

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

101.7
99.6
98.0

50.8
49.8
49.2

41.7
41.0
41.0

366.4
359.6
354.9

313.3
318.1
323.4

368.5
368.6
370.9

94.5
94.9
96.0

18.9
19.6
20.3

795.2
801.1
810.6

181.0

108.1

54.1

JULY
AUG.
SEPT.

187.2
190.3
191.0

112.7
115.8
117.5

55.6
56.4
56.8

OCT.
NOV.
DEC.

192.2
190.7
183.7

117.0
113.8
108.9

1981-JAN.
FEB.
MAE.

176.3
171.9
171.3

APfc.
MAY
JUNE

172.2
169.2
166.7

v

WEEK ENDING:

1981-JUNE

3
10 P
17 P
24 P

167.4
167.4
166.6
166.1

322.0
323.5
323.7
323.7

JULY

1 ?

166.4

323.3

1/

SMALL DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000.




total

at commercial
banks

at savings
and loans

1980-JUNE

Small denomination time deposits1
at savings
at mutual
at
and loans
savings banks
credit unions

total

at commercial
banks

H.6 (508)
Table 3A—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonally adjusted
Large denomination time deposits!
at
at mutual
at savings
savings
commercial
total
banks2
banks
and loans

Date

Term RPs3
at
commercial
banks

at thrift
institutions

total

Term
Eurodollars
(net)*

Savings
bonds

Short-term
Treasury
securities^

Bankers
Commercial
acceptances^
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

JULY
AUG.
SEPT,

186.8
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

73.3
73.2
73.1

142.7
146.9
150.2

28.8
28-8
30.0

96.2
95.6
96.8

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

73.0
72.9
72.7

149.0
151.6
157.5

30.8
31-3
31.4

98.1
100.3
100.0

1981-JAH.
FEB.
MAS.

225.8
230.5
227.7

40.4
41.1
41.3

4.6
4.7
4.7

270.8
276.3
273.8

31.0
30.3
28.3

8.4
8.1
8.2

39.4
38.3
36.5

50.2
51.0
50.7

71.9
71. 1
70.6

163.5
168.8
166.2

32.1
33.3
33.9

99.3
100.4
98.2

APtf.
WAY
JUNE

221.9
230.0
233.1

41.6
42.7
43.0

4.8
5.0
5.1

268.3
277.7
281.2

28.3
28.3
29.3

8.8
9.2
9.4

37.0
37.5
38.7

1980-JUNE

WEEK ENDING:

1981-JUNE

3
10 ?
17 ?
24 P

235.1
232.9
231.7
231.4

29.4
30.3
30.0
28.7

JULY

1 ?

235.8

27.9

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

LkhGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MOBE.
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
SYS1EM, 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 adjutted
Demand deposits at banks dut 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

12.3

3.3

10.8

3.2

2.9

6.8

12.9

0.8

JULY
AUG.
SSPI.

12.3
11.7
11.6

3.4
3.3
2.9

11.0
11.1
11.5

2.9
2.4

3.1

6.1

2.9

3.3
3.3

6.5
11.0

12.1
12.3
17.1

0.7
0.8
0.8

OCT.
MOV.
DEC.

11.9
12.5

12.7

3.Q
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

HA1-JAN.
f£B.
MA*.

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

APK.
HAY
JUNE

12.4
12.4
13.0

3.8
3.3
3.5

11.0

11.2
11.2

3.8
2.8
3.2

3.4
3.3
3.0

8.3
9.5
9.1

15.4
15.6
15.3

0.7
0.7
0.8

1980-JUNE

WEEK

ENDING;

1981-JUNS

3
10 P
17 P
24 P

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
2.3
4.8
3.3

3.0
2.6
3.2
3.0

3.4
5.0
6.5
13.9

9.5
9.9
14.4
20.3

0.8
0.7
0.8
0.8

JULY

1 P

12.6

3.4

11.1

2.5

3.2

13.9

19.7

0.8




SPECIAL SUPPLEMENTARY TABLE
Variable Ceiling Time Deposits at All Insured
Commercial Banks and All Mutual Savings Banks

April 29, 1981, May 27, 1981, and June 24, 1981
(Not Seasonally Adjusted)!

Insured Commercial Banks
April 29
May 27
June 24p

Mutual Savings Banks
April 29
May 27
June 24p

Amount Outstanding:
(millions of dollars)
2
6-month money market certificates
(Standard error of the estimate)
2*s year and over variable ceiling
certificates 3
(Standard error of the estimate)

200,207
(1,816)

206,491
(1,878)

210,661
(1,891)

53,253
(597)

53,853
(518)

52,998
(982)

35,235
(819)

36,000
(954)

36,928
(1,117)

14,727
(509)

13^38
(468)

15,060
(762)

14,282

14,264

14,352

461

459

430

14,282

14,264

14,352

461

459

430

97.4

96.7

98.3

95.1

98.4

100.0

Number of Offering Institutions:
6-month money market certificates
2h year and over variable ceiling
certificates

o

Percent of Offering Institutions
Paying the Ceiling Rate During
the Survey Period:
2% year and over variable ceiling
certificates

p—preTimi nary
1/ Estimates for June are based on data collected by the Federal Reserve and the FDIC from a stratified random
sample of 430 banks and 42 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 permissable rate of interest on new deposits is
related to the discount yield on the most recently issued 6-month Treasury b i l l (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 such 2% year and over variable ceiling accounts issued
since January 1 , 1980. See Table 1.16 in the Bulletin for specific ceiling rates.