Full text of H.6 Money Stock Measures : July 18, 1980

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

JULY

1 8 , 1980

Table 1

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

Currency
plus demand
deposits1

Date

M1-Aplus
other checkable
deposits at banks
and thrift
institutions2

Addenda:

Overnight RPs
at commercial
banks plus
overnight
Eurodollars3

Money market
mutual fund
shares

NSA

NSA

M3
M2
M1-Bplus
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^

359.4

373.9

29.2

24.6

1465.9

1695.2

2048,8

JULY
AUG.
SEPT.

362.0
364.0
365.9

377.4
379.9
382.2

28.5
28.6
29.8

28.0
31.2
33.7

1478.3
1491.8
1502.9

1709.2
1725.8
1745.5

2063.8
2081.3
2110.0

OCT.
NOV.
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

1510.1
1516.4
1525.5

1757.8
1765.4
17 75.5

2120.4
2126.4
2141.1

1980-JAN.
FEB.
MAB.

370.8
373.7
373.1

388.1
391.3
391.2

26.6
27.1
24.5

49.1
56.7
60.9

r

1534.5
1546.7
1553.1

1786.9
1804.5
1811.1

2155.2
2175.9
r 2190.2

APR.
MAY
JUNE

367.6
367.8
371.3

386.6
386.1
390.9

20.3
21.3
22.7

60.4
66.8
74.2

r 1549.8
r 1562.3
r 1584.5

1811.1
18 24.4
1842.8

* 2201.0

369.7
369.2
372.6
371.6

388.7
388.6
392.4
391.4

24.4
20.5
20.5
24.2

71.2
72.8
74.2
75.5

371.1
371,8

390.8
392.3

25.2
25.0

76.7
78.1

1979-J0NE

WEEK

JULY

2/
3/
4/

5/
6/

r
r

r

r
r
r
r

ENDING:

1980-JUNE

1/

r

4
11
18
25
2 P
9 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. FLCAT; 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 NCNBANK PUBLIC, AND
OVERNIGHT EURODOLLARS ARE THOSE ISSUED BY CARIBBEAN BRANCHES OF MEMBER BANKS TO U.S. NON3ANK CUSTOMERS.
SMALL 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 DEPOSIT
HELD BY THRIFT INSTITUTIONS AT COMMERCIAL BANKS.
LARGE TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE AND ARE NET OF THE HOLDINGS
OF DCMESTIC 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.
OTHEE 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
IN MONEY SUPPLY DATA, WHICH ARE OFTEN HIGHLY VOLATILE AND SUBJECT TO REVISION IN SUBSEQUENT WEEKS AND
MONTHS. PRELIMINARY DATA ARE SUBJECT TO WEEKLY REVISIONS UNTIL THEY ARE FINAL.
r-revised.



H.6 (508)
Table 1A

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

Currency
plus demand
deposits1

Date

Addenda:

M1-B

M1-Aplus
other checkable
deposits at banks
and thrift
institutions 2

Overnight RPs
at commercial
banks plus
overnight
Eurodollars3

Money market
mutual fund
shares

M3
M2
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^

358.4

373.0

29.2

24.6

1468.1

JULY
AUG.
SEPI.

364.0
361.9
365.4

379.3
377.8
381.8

28.5
28.6
29.8

28.0
31.2
33.7

OCT.
NOV.
DEC.

368.2
370.6
379.2

384.5
386.8
396.0

28.8
25.7
25.3

1980-JAN.
FEB.
MAR.

375.6
365.5
366.3

392.9
383.0
384.4

APR.
MAY
JUNE

370.9
362,1
370.1

1979-JUNE

JULY

NOTE:

4
11
18
25
2 P
9 P

2047.5

1484.1

17 1 2 . 4

1489.2
1501.4

1722.9
1743.4

2065.6
2077.3
2101.3

36.9
40.4
43.6

1510.1
1511.8
1527.3

1758.4
17 62.0
1780.8

2118.6
2124.8
2143.6

26.6
27.1
24.5

49.1
56.7
r 60.9

1537.8
1538.6
r 1550.0

r

1792.2
1796.6
1808.8

2161.8
2173.3
r 2190.8

389.9
380.5
389.7

20.3
21.3
22.7

r 60.4
r 66.8
r 74.2

r 1558.0
r 1559.4
r 1586.3

r
r
r

18 17.2
1820.4
18 42.1

r 2209.0

367.3
371.6
373.6
365.9

386.2
391.0
393.4
385.8

24.4
20.5
20.5
24.2

71.2
72.8
74.2
75.5

371.5
379.2

391.2
399.7

25.2
25.0

76.7
78. 1

SEE TABLE 1 FOR FOOTNOTES,




M3 plus other
liquid assets^

1695.0

WEEK E N D I N G :

1980-JUNE

L

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
institutions2

JUNE

FFOM •

MAR.

1980

(3 MONTHS PREVIOUS)

-1.9

DEC.

1979

(6 MONTHS PREVIOUS)

0.9

JUNE

1979

(12

3.3

MONTHS PREVIOUS)

JULY
FOUR WEEKS ENDING:
FROM FOUR SEEKS ENDING:

9,

-0.4

2.3

7.7

7.6

4.5

8.1

8.7

1.2

9,

1980

(13

JAN.

9,

1980

(26 WEEKS PREVIOUS)

0.5

2.0

JULY

11,

1979

(52 WEEKS PREVIOUS)

3.2

4.4

SEE TABLE 1 FOE FOOTNOTES.




M2 plus large
time deposits
and term RPs at
commercial banks
and thrift
institutions^

7.0

APR.

NOTE:

M3

8.1

-0.3

1980

WEEKS PREVIOUS)

M2
MI-Bplus
overnight RPs
and Eurodollars,
MMMF shares, and
savings and small
time deposits at
commercial banks
and thrift
institutions^

H.6 (508)
Table 3

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seasonally adjusted unless otherwise noted
Other
checkable
deposits3

Overnight
RPs
(net) 4

Overnight
EurodollarsS

NSA

NSA

NSA

Money
market
mutual
funds6
NSA

Savings deposits
at
at
thrift
commercial
institutions
banks

Small denomination time deposits7
at
at
commercial
thrift
total
banks
institutions

Currency1

Demand
deposits 2

101.8

257.6

14.6

26.3

2.9

24.6

205.9

243.9

449.8

210.0

381.0

591.0

JULY
AUG.
SEPT.

102.6
103.7
104.7

259.4
260.3
261.2

15.4
15.9
16.3

25.5
25.3
26.2

3.0
3.3
3.6

28.0
31.2
33.7

206.4
206.5
204.9

244.5
243.9
240.5

450.9
450.4
445.4

213.3
217.9
222.1

382.9
386.5
392.5

596.2
604.4
614.6

oca.
NCV.
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

3.5
3.2
3.6

36.9
40.4
43.6

202.0
196.1
194.2

234,0
22 5.2
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.
MAR.

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
r 50.9

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

APR.
HAY
JUNE

109.0
110.1
111.0

258.6
257.6
260.3

19,0
18.4
19.6

17.6
18.6
19.8

2.7
2.8
2.9

r 60.4
r 66.8
74.2

176.4
175.3
180.1

201.0

377.3
372.8
380.3

271.9
275.1
274.4

436.4
443.1
445.0

703.3
718.2
719.4

110. 4
110.6
111.0
111.1

259.3
258.5
261.5
260.5

18.9

19.5
19.8
19.8

21.3
18.0
17.7
21.3

3.1
2.5
2.8
2.9

71.2
72.8
74.2
75.5

177.2
179.0
180.1
181.5

274.9
274.6
274.5
274.2

111.4
111.6

259.7

19.7
20.5

21.7
21.5

3.5
3.5

76.7
78.1

182.1
184.1

273.9
273.6

Date

1979-JUNE

WEEK

JOIY

3/
4/
5/
6/
7/

197.5
200.2

EHDING:

1980-JUNE

1/
2/

r

total

4
11
18
25
2 P
9 P

260.2

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. GOVEXNMENT
AMD FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS O? 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 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 (506)
Table 3-continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seasonally adjusted unless otherwise noted
Large denomination time deposits^
at thrift
atcommercial
Date
banks2
total
institutions

Term RP$3
atcommercial
banks

176.4

20.4

196.8

NSA
26.0

JULY
AOG.
SEFT.

177.1
178.9
184.9

21.8
22.9
24.1

198.9
201.8
208.9

OCT.
NOV.
DEC.

188.9
190.3
189.1

25.9
28.2
30.3

1980-JAN.
FSB.
MAE.

190.6
195.1
196.7

APE.
MAY
JUNE

199.3
199.1
194.4

1980-JUNE

at thrift
institutions
NSA

total
NSA

Term
Eurodollars
(net)4
NSA

Savings
bonds

Short-term
Treasury
securities^

Bankers
acceptances^

Commercial
paper7

6.4

32.4

29.9

80.4

131.4

21.5

90,4

25.2
25.2
26.4

6.8
7.0
7.3

32.0
32.2
33.7

31. 4
33.9
33. 4

80.0
80.0
80.6

128.8
123.0
128.1

22.6
25.0
26.6

91.8
93.6
95.7

21.4.8
2T8.5
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

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
136.4

28.4
27.6
28.8

99.0
99.3
99.8

34.9
35.9
35.8

234.2
235.0
230.2

20.6
20.6
21.5

6.5
6.5
6.5

27.1
27.1
28.1

38.2

75.2

146.3

29.5

100.6

WEEK ENDING:

1980-JUNE

JULY

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

4
11
18
25
2 P
9 P

195. 4
195.5
195.4
193.7

20.9
23.3
20.7
21.3

191.6
189.8

21.0
21.2

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 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 r FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LCAN 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 STOCK MEASURES AND LIQUID ASSETS
Demand deposits
Currency 1

Date

at member
banks2

at domestic
nonmember
banks3

Other checkable deposits

at foreignrelated
banking
offices
in the U.S.*

total

at
commercial
banks5

at thrift
institutions 6

total

Overnight
RPs(net)7

Overnight Money market
Eurodollars 8 mutual funds9

101.9

165.9

85.2

5.5

256.6

11.0

3.6

14.6

26.3

2.9

24.f

JULY
AUG.
SEPT.

103.2
103.9
104.5

169.1
167.2
167.9

86.2
85.3
87.3

5.4
5.4
5.7

260.7
257.9
260.9

11.7
12.1
12.5

3.7
3.8
3.8

15.4

15.9
16.3

25.5
25.3
26.2

3.0
3.3
3.6

28.0
31.2
33.7

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

1930-JAN.
FES.
MAE.

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

r

't 9 . 1
^6.7
*<).'•

APR.
MAY
JUNE

108.7
109.9
111.1

168.6
161.3
166,1

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. 1

19.0
18.4
19.6

17.6
18.6
19.8

2.7
2.P
2.?

r
r
r

r,O.*J
06.8
74.1

110.3
111.7
111.3
110.7

164.3
166.3
168.3
163.7

86.0
87.3
87.7
85.3

6.7
6.2
6.3
6.2

257.0
259.3
262.3
255.3

14.8
15.3
15.7
15.7

4. 1
4. 1
4.1
4. 1

18.9
19.5
19.8
19.8

21.3
18.0
17.7
21.3

3.1
2.5
2.8
2.9

71.2
72. «
74.2
75.5

111.3
114.1

167.4
167.7

86.2
89.3

6.5
8.1

260.2
265.1

15.6
16.4

4. 1
4. 1

19.7
20.5

21.7
21.5

3.5
3.5

76.7
78. 1

1980-JUNE

WEEK ENDING:

1980-JUKE

JULY

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

4
11
18
25
2 P
9 P

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 FEDFSAL 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 NONMEMEER BANKS.
DEPOSITS AS DESCRIBED IN FOQTNOTE 3 AT AGENCIES AND BRANCHES OF FOREIGN BANKS, EDGE ACT CORPORATIONS AND FOREIGN INVESTMENT
COMPANIES.
'"toOH "AND ATS ACCOUNTS At BANKS!
NOW ACCOUNTS AT THRIFT 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 KELD BY MONEY
MARKIT MUTUAL FUNDS.
ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. NONBANK CUSTOMERS.
TOTAI MCNEY MARKET MUTUAL FUND SHARES OUTSTANDING.




H.6 (508)
Table 3A—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
tuitions OT aoiiars, not seasonal!y adjusted

Savings deposits
at
at mutual
credit unions
savings banks

at commercial
banks

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

at commercial
banks

at savings
and loans

206.7

131.0

66.7

48.1

452.4

211.0

301.1

73.8

5.6

591.5

JULY
AQG.
SEPT.

207.6
206.7
204.5

132.1
131.4
129.4

66.7
65.9
65,0

48.0
47.3
46.8

454.3
451.2
445.7

213.5
217.6
222.1

302.9
304.0
307.9

74.0
74.3
75.4

6.3
7.1

7.9

596.7
603. 1
613.2

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
322.4

77.1
78.7
79.7

8.7
9.5
10.3

628.2
642.7
651,5

1980-JAN.
FEE.
HAP.

191.3
187.5
183.6

116.5
113.5
111.1

59.0
57.5
56,3

42.5
41.6
41,2

409.2
400.0
392,2

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

APP.
MAY
JUNE

173.0
176,5
180,8

106.8
104.8
108,4

54.3
53,3
53.9

40.6
39.9
39,4

379.7
374.5
382.5

272.2
276.2
275.8

339.3
341.7
341.6

85.6
86.7
87.1

13.S
14.6
15.7

710.9
719.3
720.2

Date
1979-JONE

total

WEEK ENDINS:

1980-JUNE

U
11

18
25
JULY

1/

2 P
9 P

178.4
180.0
180,6
181,6

276.3
276.0
275.9
275,6

182,8
185,4

275.3
274.2

SMALL DENOHINATION TIBE DEPOSITS ARE THOSE ISSUED IN ABOUNTS 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 deposits!
at
at mutual
savings
at savings
commercial
total
banks
and loans
banks2

Date

1979-JUNS

Term RP$3
at
commercial
banks

at thrift

total

institutions

Term
Eurodollars
(net)*

Savings
bonds

Short-term
Treasury
securities^

Bankers
Commercial
acceptances^
paper7

173.8

18.6

2.1

194.5

26.0

6.4

32.4

29.9

80.6

129.1

21.8

91,1

196.4

JULY
AUG.
SEPT.

174.1

20.1

21.3
22.4

2.2
2.3
2.4

201.5
208-4

25.2
25.2
26.4

6.8

177.9
183.6

7.0
7.3

32.0
32.2
33.7

31.4
33.9
33.4

80.6
80.6
80-6

126.5
122.0
123.4

22.5
25.3
26.6

92.2
92.6
93.8

OCT.
NOV.
DEC.

189.1
191.6
193.5

23.8
25-4
26.8

2.5
2.6
2.7

215.4
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

124.0
123.9
127.2

27.0
27.6
26.6

95.4
97.1
97.2

1980-JAN.
FEBMAE.

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

APR.

197.7
198.1
191.5

31.6
32-9
33.4

2.8
2.9
2.9

232.1
233-8
227.8

20.6
20.6
21.5

6.5
6.5
6.5

27.1
27.1
28-1

38.2

75.1

147.6

30.1

100.7

JUNE

WEEK

ENDING:

1980-JUNE

JULY

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

4
11
18
25
2 P
9 P

194.5
193.3
191.9
189.8

20.9
23.3
20.7
21.3

188.4
186.2

21.0
21.2

LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE.
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS L$SS 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.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.




H.6 (506)
Table 4

MEMORANDA ITEMS
Billions of dollars, not seasonally 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
Banks
commercial 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

10.6

3.3

9.9

3.5

3.3

7.3

14.1

1.0

JULY
AUG.
SEPT.

11.0
10.8
11.3

3.1
2.9
2.7

9.9
9.8
9.8

2.2
2.3
2.7

3.3
3.0
3.9

11.0

16.5
12.8
16.3

1.0
1.0
1.0

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.
PEB.
MAP-

11.8
12.0
12.7

3.6
3.3
3.2

9.U
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

APE.
MAY
JUNE

12.3
13.0
12.1

3.5
3.3
2.9

9.2
9.6
10.0

3.5
2.5
3.1

2.6
2.8
2.9

5.4
5.9
6.8

11.6
11.2
12.9

0.7
0.6
0.6

12.1
12.5
11.7
12.1

3.0
2.8
2.7
2.8

10.1
10.0
10.0
10.0

2.7
2.3
5.2
2.9

3.9
2.9
2.0
3.2

4.4
3.4
3.7
11.5

11.0
8.6
11.0
17.6

0.6
0.6
0.6
0.6

12.0
12.5

3.U
2.9

10.0
10.0

2.2
a.2

3.1
3.1

11.1
5.8

16.3
13. 1

0.6
0.5

1979-JUNE

7.5
9.7

WEEK ENDING:

1980-JUNE

4
11
18

25
JULY




2 P
9 P

SPECIAL SUPPLEMENTARY TABLE
Variable Ceiling Time Deposits at
All Insured Commercial Banks and All Mutual Savings Banks
April 30, 1980, May 28, 1980, and June 25, 1980
(Not seasonally adjusted)!/

April

30

Insured Commercial Banks
May 28
June 25

April 30

Mutual Savings Banks
May 28
June 25

Amount outstanding
(millions of dollars) :

2/

6-month money market certificates—
( Standard error of the esitmate)
2-1/2 year and over variable
ceiling certificates 3^/
(Standard error of the estimate)

157,954
(2272)

155,335
(2236)

151,608p
(2151)

45,106
(855)

43,760
(804)

43,279p
(876)

8,860
(359)

13,497
(484)

17,677
(554)

3,504
(158)

5,197
(230)

6,795
(300)

13,860

13,866

13,854

463

463

463

12,870

12,788

12,604

455

463

463

93.3

95.6

99.0

88.4

96 .3

100.0

90.4

96.8

96.4

92.1

99 .8

100.0

Number of institutions offering:

2/

6-month money market certificates—
2-1/2 year and over variable
ceiling certificates

Percent of offering institutions
paying the ceiling rate during the
survey period:
2/
6-month money market certificates—
2-1/2 year and over variable ceiling
certificates

p—preliminary.
Estimates for June are based on data collected by the Federal Reserve and the FDIC from a stratified random sample of
477 commercial banks and 70 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 at commercial banks is equal
to the discount yield on the most recently issued six-month Treasury bill (auction average). The ceiling rate for mutual
savings banks (MSBs) is 1/4 percentage point higher when the 6-month Treasury bill rate is 8-3/4 percent or less. The 1/4
percent differential is removed when the 6-month bill rate is 9 percent or more. MSBs may pay a maximum of 9 percent
when the 6-month bill rate is between 8-3/4 and 9 percent. See page A10 in the Federal Reserve Bulletin for ceiling rates,
J3/ 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. The
4-year and over variable ceiling accounts issued at commercial banks in 1979 were subject to a rate ceiling equal to 1-1/4
percentage points (1 percentage point at MSBs) below the yield on 4-year U.S. Treasury securities. Beginning January 1,
1980, the minimum maturity on variable ceiling accounts was lowered to 2-1/2 years and the rate ceiling was changed to
3/4 percentage points below (1/2 percentage point at MSBs) the yield on 2-1/2 year U.S. Treasury securities. Effective
March 1, 1980, a temporary ceiling of 11-3/4 percent was placed on these accounts issued by commercial banks. The
temporary ceiling is 12 percent at MSBs. See page A10 in the Bulletin for ceiling rates.
\j